Orange County Business Journal

Menlo Sheds Irvine Office With $36 Million Sale

REAL ESTATE: Investor paid $20M for offices in 2010

A two-building office property in Irvine a few blocks from John Wayne Airport has traded hands for $36 million.

RREEF Adds Anaheim Hills Office to OC Portfolio

$18.5M Buy Comes After $20.4M Tustin Office Deal

Anaheim Hills Office Plaza, one of the largest North Orange County offices built in the last real estate boom, has had another change in ownership.

Tenant-Improvement Firms Ride Upturn for 29% Jump

26 Firms Combine for $677 Million in Revenue Last Year

Orange County’s tenant-improvement industry posted its strongest year in more than a decade last year, buoyed by a spate of new construction work in addition to plenty of renovations at existing properties.

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OC Museum of Art Selling Newport Center Property

The Orange County Museum of Art said on Monday that it is negotiating with a unit of New York-based developer Related Companies to sell its Newport Center property.

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OC Museum of Art Selling Newport Center Property

The Orange County Museum of Art said on Monday that it is negotiating with a unit of New York-based developer Related Companies to sell its Newport Center property.

TRI Pointe Expands Operations Post Weyerhaeuser Close

REAL ESTATE: Builder hires, grows office, as home prices rise

Expect a larger headquarters in Irvine but not much else in the way of local changes at TRI Pointe Homes Inc. following its audacious buy of the homebuilding division of Federal Way, Wash.-based timber conglomerate Weyerhaeuser Co.

Building Time in Orange?

Office Buys Could Spur Apartments, Tower Project

A big chunk of apartment construction and a new office tower could go up on land next to the Outlets at Orange following the recent sale of two nearby buildings.

Irvine Healthcare REIT Sale Possible

Irvine-based Griffin-American Healthcare REIT II, an owner of healthcare-related real estate properties, could be bought by NorthStar Realty Finance Corp. of New York, according to news reports.

Brea Office Fetches $20.8 Million After Upgrade

Zodiac Inflight Building Sells to Ex-Arden CEO

A Brea office largely occupied by Zodiac Inflight Innovations, a maker of portable in-flight entertainment players and related software, has traded hands for more than $20 million.

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Report: Griffin-American Healthcare REIT II in Sales Talks

Irvine’s Griffin-American Healthcare REIT II, an owner of healthcare-related real estate properties, could be bought by New York-based NorthStar Realty Finance Corp., according to reports.

LA Fitness Buyout Plan Calls for $1.6B in Credit

SERVICES: Reports say $1B would go to single stakeholder

A new financing deal in the works for LA Fitness could result in a change in the ownership structure of the Irvine-based fitness chain.

Commercial Plans for Great Park Look Fit For Broadcom Campus

REAL ESTATE: Preliminary plan calls for 8 buildings, 2 million square feet

The developers of the Great Park Neighborhoods in Irvine have filed plans for the first batch of commercial construction at the former El Toro Marine Corps air station, a 2-million-square-foot office park that appears designed to hold the headquarters and expanded operations of Broadcom Corp.

First Look at Spectrum Tower

Irvine Company Goes With Glass for ‘Iconic’ Plan

The newest office tower planned for the Irvine Spectrum is expected to gain attention for more than its size.

El Pollo Plans to Stay on Familiar Turf After IPO

DINING: Modest growth plan follows sales gains, renovations

El Pollo Loco Holdings Inc. hopes the second time is a charm on its plans to go public.

How Osborn Found Room for Improvement

Casco Started at Kitchen Table, Now One of Largest in Local Field

Cheryl Osborn already defied stereotypes as a female entrepreneur in the male-dominated world of commercial real estate.

LBA Quietly Takes Control of Local Dell Office

Plans Unknown for Aliso Viejo Building Near 73

One of the two Aliso Viejo offices owned by computer giant Dell Inc. has been quietly sold to a local investor.

William Lyon Homes Expands With $520M Buy

Newport Beach-based William Lyon Homes said it will purchase the homebuilding operations of Polygon Northwest Co. for $520 million.

Sunstone Back to Big Buys With Hawaii Deal

HOSPITALITY: Also acquires land under Fairmont Newport Beach

The $325.7 million acquisition of a Hawaii resort property could mark the beginning of an ambitious period of expansion for Sunstone Hotel Investors Inc.

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El Pollo Loco Files Plans for $100M IPO

Costa Mesa-based restaurant chain El Pollo Loco Holdings Inc. has filed plans for a $100 million initial public offering.

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El Pollo Loco Files Plans for $100M IPO

Costa Mesa-based restaurant chain El Pollo Loco Holdings Inc. has filed plans for a $100 million initial public offering.

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William Lyon Homes Expanding with $520M Buy

Newport Beach-based William Lyon Homes said Monday it would purchase the homebuilding operations of Bellevue, Wash.-based Polygon Northwest Co. LLC for $520 million.

Pimco Gets Timing Right in Chicago Tower Sale

Office’s Value Jumps 34% In 2 Years in Hot Market

Add bond giant Pacific Investment Management Co. to the list of Orange County companies making headlines in Chicago’s high-rise office market.

LA Investor Gets Most of Airport-Area Office Campus

REAL ESTATE: Apartments, user sales some possibilities

The bulk of a 24-building low-rise office campus on Von Karman Avenue in Newport Beach has been sold to a Los Angeles-based real estate investor that’s evaluating development prospects at the nearly 20-acre site.

Google Gets Own Glass For OC Office

REAL ESTATE: Building about done, less costly ‘creative’ space

The new Orange County office for Google Inc. fills up the last chapter in the development of Impac Center in Irvine, a four-building office complex nearly a decade in the making.

Backlogs Yet to Boost Construction Firms’ Top Lines

Revenue of 27 Biggest Decreases About 11%

A significant increase in the backlogs of Orange County’s largest commercial construction companies didn’t immediately translate into more work for them last year.

Goodman Birtcher Goes Big With Logistics Center

Inland Empire Site Will Have 1.6 Million SF Built on Spec

Goodman Birtcher in Irvine is getting busy with its plans to become one of the country’s biggest developers of large-scale industrial developments.

Standard Pacific Adds to OC-Austin Connection

850 Homes in 10 Spots in Streetman Purchase

Austin has been a go-to source of business opportunities for Orange County’s commercial real estate industry in the past few years, with office and apartment investors in particular snapping up properties at a rapid clip in and around the Texas capital.

Developers Exceed Post- Recession Mark for First Time

Six Firms Finish 1.6M SF, More Than Double Last Year

The opening of new headquarters for two of Orange County’s better-known companies helped the area’s commercial development sector top a square footage mark not seen in six years.

Hines’ Latest Buy: State Fund Building in Santa Ana

REAL ESTATE: Joins again with Oaktree, adds eight-story office

Hines Interests LP and Oaktree Capital Management LP have closed on their second major Orange County office property acquisition in as many weeks, adding the eight-story State Fund building in Santa Ana to their joint portfolio.

RLJ Lodging Doubles OC Presence With Irvine Buy

$66M Price Tag Given to Embassy Suites Sale

Bethesda-based hotel operator RLJ Lodging Trust has snapped up a hotel in Irvine, its second local acquisition this year.

City Gets Creative at Tustin Legacy

REAL ESTATE: Wants office campus in line with hip trend

The city of Tustin is looking to turn a 43-acre portion of its Tustin Legacy development into Orange County’s largest creative-office campus.

Upscale Student Housing Project Set for UC Irvine

Beat Out Two Bidders for $92 Million Dorm Project

Construction company Hensel Phelps has been selected to build a student housing project for freshmen at the University of California-Irvine.

Arbonne Renews Lease for 146,000-SF HQ in Irvine

REAL ESTATE: Cosmetics firm considered relocation

Cosmetics company Arbonne International LLC has renewed the lease for its Irvine headquarters in one of the largest leases reported in the county so far this year.

Hines Gets 6 Buildings, Extra Acres at Brea Place

REAL ESTATE: Latest deal with Oaktree totals 560,000 square feet

Hines Interests LP has established itself as one of the largest commercial property owners in North Orange County following the purchase of a six-building office campus in Brea.

Coastal Comeback

St. Regis Price Pegged at $320M, Reflects Rebound for Luxe Resorts

If the foreclosure proceedings faced by the St. Regis Monarch Beach Resort in 2009 was Orange County’s most notorious illustration of the last real estate crash, then May’s low-key sale of the posh resort represents a quiet but clear comeback for the high end of the hospitality industry here.

Irvine Company Tops 2 Charts on $850 Million Buy

REAL ESTATE: New benchmark for OC acquirers, Chicago sellers

Real estate watchers had been expecting the Irvine Company to go on an office-buying binge since last year, when Orange County’s dominant real estate owner and landlord struck a financing deal to free up nearly $875 million in cash for potential acquisitions.

KBS Realty Spends $340M on Buys in Three Cities

Phoenix, Baltimore, Atlanta Targeted in Recent Round

KBS Realty Advisors remains on the hunt for acquisitions after pulling off one of the larger office sales of the year.

Yokohama Tire Plans to Leave Fullerton

REAL ESTATE: Plans to sell HQ here, shift to 658,000 SF in IE

Yokohama Tire Corp. plans to move its corporate headquarters from Fullerton to a newly built industrial facility in Chino later this year.

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St. Regis Monarch Beach Sold

The St. Regis Monarch Beach in Dana Point has been sold to a Denver-based private equity firm.

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St. Regis Monarch Beach Sold

The St. Regis Monarch Beach in Dana Point has been sold to a Denver-based private equity firm.

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Irvine Company to Buy Chicago Skyscraper for $850M

The Irvine Company has struck a deal to buy a Chicago skyscraper for $850 million.

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Irvine Company to Buy Chicago Skyscraper for $850M

The Irvine Company has struck a deal to buy a Chicago skyscraper for $850 million.

Irvine Co.'s Wirta Named Chairman of CBRE

Irvine Co. executive Ray Wirta has been named the new chairman of Los Angeles-based brokerage CBRE Group Inc.

BofA Campus, One of OC’s Largest Offices, For Sale

Brea Property Expected to Command $120 Million

One of Orange County’s largest and best-leased offices has hit the sales market.

Register Owners to Sell Santa Ana Land to Wm. Lyon Homes

REAL ESTATE: Grand Avenue parcels surround newspaper’s office

The owners of the Orange County Register have reached a deal to sell the bulk of the land they own around their Santa Ana headquarters to William Lyon Homes.

HB’s One Pacific Plaza Office Complex Sells for Nearly $95 Million

REAL ESTATE: Prudential snaps up three-building campus

The most prominent office complex in Huntington Beach has become the latest large property snapped up by a national real estate investor eager to invest in Orange County’s rebounding office market.

New Drive for Buchanan Street

Founders Back to Majority Stake, Take on Creative-Campus Project

The purchase of a creative-office campus in its hometown has capped off a period of reinvention for Newport Beach-based Buchanan Street Partners.

Angel Stadium Drama No Curveball for Apartment Developers

REAL ESTATE: Platinum Triangle could have 1,400 units in works soon

Uncertainty over the long-term future of Angel Stadium as the centerpiece of Anaheim’s Platinum Triangle hasn’t stopped apartment developers from pushing ahead with new projects in the area.

Bankrupt Chain Would Leave Retail Hole in Its Wake

18-Year-Old Easy Life Has 14 Stores, HQ

The companywide liquidation of Buena Park-based furniture chain Easy Life Furniture Inc. is likely to leave a sizable hole in retail space across Southern California, not to mention a vacant warehouse in the company’s hometown.

Irvine Co. Bolsters Plans for Spectrum Campus

REAL ESTATE: Seeks city OK for 1.5 million SF midrise project

The Irvine Company has expanded its plans for an office campus that’s been envisioned as a new home for chipmaker Broadcom Corp. near the Irvine Spectrum.