Orange County Business Journal

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Change Is Constant for County’s Infill Developers

Shea, Sares-Regis Shift With Market, Changing Tastes

There’s no such thing as a slam dunk or a straight shot when it comes to infill redevelopment projects.

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Cigna Buys Into View of Rising Rents for Offices in Airport Area

REAL ESTATE: Greenlaw stays as insurer’s partner, plans to move in

An office tower in the John Wayne Airport area of Irvine has changed hands in the latest deal by a national investor bullish on the local market’s potential for rent growth.

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Irvine Business Complex Continues Apartments Trend

Plans Represent Most Development There in Years

The one-time homes of churches, dietary supplement manufacturers, clean-energy companies, and a host of other office tenants in Irvine are on the fast track to being turned into apartment sites in the latest burst of development activity at the Irvine Business Complex.

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Irvine Company Eyes Multiple Tenants for Newest Trophy

Tower on OC’s Priciest Street

The newest office tower being built in Newport Center is available for lease, with rental rates at the trophy property expected to rise as high as the building’s 21 stories.

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Sares-Regis’ SoCal Pipeline Nears $1B

REAL ESTATE: Distribution center for Deckers among projects

Sares-Regis Group is becoming the master of making big statements.

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Irvine Ranch Keeps Top Spot for Home Sales in State

RMV, Great Park Best Among New Projects

The Irvine Ranch had no trouble keeping its crown as California’s busiest masterplanned community last year.

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Hotel, Apartments in Works for Park Place

REAL ESTATE: Sares-Regis, Texas developer in deals for land

A hotel and another round of apartment construction are being planned for LBA Realty’s sprawling Park Place mixed-use campus, which also holds the potential for a new office tower.

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Hoteliers, Meeting Venues Regain Advantage in Upturn

Hold More Leverage in Negotiations on Rates

The outlook for the hotel and meetings business continues to shine bright into the new year. Includes the 2014 OC's HOTEL MEETING ROOM SPACE list for download (pdf)

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$37M Industrial Buy in Costa Mesa for Extracts Maker

$10M Jump in Price for Sunflower Ave. Building

A Chinese maker of herbal extracts used in supplements and cosmetics has bought one of Costa Mesa’s larger industrial properties.

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Fast-Growing Drug Maker to Double HQ Space

REAL ESTATE: Avanir adds to space at Summit in Aliso Viejo

Avanir Pharmaceuticals Inc., one of Orange County’s fastest-growing public companies in recent years, has inked a lease to more than double the size of its headquarters in Aliso Viejo.

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Irvine’s Hotel Pipeline Fills Up in New Year

Its Hotel Room Count Could Grow By About 25%

A hotel development push in Irvine is under way as the city aims to grab a larger slice of Orange County’s business and tourism travel.

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BUSINESS PERSON OF THE YEAR - Real Estate: Doug Bauer

TRI Pointe IPO, Big Buy Accelerated Growth

TRI Pointe Homes Inc. began 2013 as a private company with a few hundred home sales to its name, a cautious growth plan, and one deep-pocketed investor.

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Freedom Puts $28.9M Price on Register HQ

REAL ESTATE: Plans to keep adjacent printing operation

The owner of the Orange County Register has put a price tag of nearly $29 million on the paper’s headquarters in Santa Ana.

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New Home Co. Gears Up for Busy Year of Building

Includes 800+ Irvine Co. Homes as It Plans IPO

The New Home Co. looks likely to have a busy year of building in Orange County.

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Offices Set For Triangle Center in Costa Mesa

REAL ESTATE: Retail SF to convert to creative space

Cutting-edge offices are coming to The Triangle in the latest reinvention of the high-profile Costa Mesa retail spot.

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2014 Preview: REAL ESTATE

Developers involved with converting Orange County’s two big former military bases into commercial projects finally look likely to put the remnants of the last downturn behind them.

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Xerox Centre Development Site Sells to Robert Bisno

Sale Follows OCTA Bid for State Fund Building

Another property at the Xerox Centre in Santa Ana is getting a new owner.

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Marblehead Moves Forward

195.5 Acres Along Coast Part of Lehman’s Wind-Down; Likely Bellwether on High-End Market for 2014

The long-delayed Marblehead coastal housing development in San Clemente is back in action.

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Will OCTA Buy HQ in Shift to Santa Ana?

REAL ESTATE: Xerox Centre deal awaits OK; new offer in Orange

The Orange County Transportation Authority is nearing a deal to pay nearly $65 million for a new headquarters and administrative building next to the Xerox Centre office tower in Santa Ana.

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San Juan Capistrano Moves Ahead on Medical Offices

Accretive Realty Heads Up 42,551-SF Project

Accretive Realty Advisors Inc., an Irvine-based real estate investor and developer that specializes in medical properties, has a new project moving ahead in San Juan Capistrano.

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Santa Ana Office Complex Near Sale

REAL ESTATE: Investor’s first local buy in three years

Tustin Centre, the Santa Ana office campus that previously held the headquarters of Grubb & Ellis Co., is close to being sold to an offshoot of a different commercial brokerage.

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Pronouncement Points to Broadcom Campus at Great Park

Irvine Mayor Declares Deal Done; Chipmaker Keeps Plans Close to Vest

Construction of a new headquarters campus for Broadcom Corp. could be among the immediate byproducts of FivePoint Communities’ recent agreement with the city of Irvine over development plans for the former El Toro Marine Corps air station.

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Santa Ana ‘Twin Towers’ Offices Near Sale

REAL ESTATE: Equity Office could pay close to $100M

Chicago-based Equity Office Management LLC is nearing its third large local investment of the year, this time for a two-building office complex in Santa Ana, according to real estate watchers.

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Cement Plant Site to Hold New Industrial Building

REAL ESTATE: Project among biggest in Anaheim in years

A former cement manufacturing plant in Anaheim is on the fast track to be turned into a new industrial property.

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Accounting Firm Moss Adams to Move Next-Door

Leases Space in Knobbe Martens’ High-Rise

Accounting firm Moss Adams LLP will move its Irvine operations one high-rise to the right late next year.

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Santa Ana Business Center Buy Prelude to Makeover

MCA’s Largest Purchase; $70M Goal for 2014

MCA Realty, a Santa Ana-based investments and management firm that started operations in 2011, has made its largest purchase to date with the buy of a business and retail center in its hometown.

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Logistics Company Moves to Fullerton

3PL Global LLC, a Carson-based provider of third-party logistics services, is moving its Irvine and Santa Ana operations to Fullerton after signing one of the largest industrial leases in North County in the past few months.

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Centerstone Plaza in Irvine Fetches $51M

REAL ESTATE: Institutional investors stay busy in area

Centerstone Plaza, a six-building office and retail complex in Irvine, has traded hands for about $51 million in the latest sizable sale of an Orange County commercial property to a large institutional investor.

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Irvine Approves More Great Park Homes

The developer of the Great Park Neighborhoods in Irvine has gotten city approval to build another 4,606 homes at the former El Toro Marine Corps Air Station.

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Hoag Commits to New Outpatient Center Next to Irvine Hospital

HEALTHCARE: Lease deal to add 150,000 SF to presence at Spectrum

Hoag Memorial Hospital Presbyterian plans a major expansion of its operations in Irvine after inking a lease for a new medical office complex that will be built along Sand Canyon Avenue.

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China Entry in Global Aircraft Market Buys Office in Newport

REAL ESTATE: $19.9M cash for 68,425 square feet near JWA

China’s entry in the market of commercial jet manufacturing has bought one of the better-known offices in the Koll Center Newport Beach business park.

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KBS Realty Angles for Another Major Office Buy

SF Building’s Sellers Said to Be Asking $121 Million

Newport Beach-based investor KBS Realty Advisors is nearing another blockbuster office purchase, this time in San Francisco.

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Investors, Brokers Differ on Office Market’s Condition

Buyers Hope Rents Start to Jibe With Big Sales Spurt

Investors and tenant brokers appear to be of two different minds when gauging the health of Orange County’s office market heading into 2014.

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City Ventures Puts New Insignia on Luxe Homes

REAL ESTATE: Builder establishes new division for high-end residential

Newport Beach-based homebuilder City Ventures Inc. has launched a luxury home division that will focus on some of the company’s premier land locations in California

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Rexford, Flush With IPO Cash, Spends $23.3M in OC

Anaheim Buy Follows Yorba Linda Auction Win

Rexford Industrial Realty Inc., a Los Angeles-based industrial real estate investor that went public this year, has snapped up a pair of business parks in North County for about $23.3 million.

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Bixby Buy Brings Creative Strategy to Home Turf

REAL ESTATE: Plans makeover in Irvine with weather in mind

Irvine-based Bixby Land Co. is bringing its model for creative office space redevelopment closer to home.

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Apartment Investor ARES Closes Big Deal in Corona

Pays $96M for Complex, or $134,000 Per Unit

Irvine-based apartment investor Advanced Real Estate Services Inc. has made one of its largest purchases to date in its buy of a 714-unit complex in Corona.

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Western Digital Grows Park Place HQ by 13%

REAL ESTATE: Company adds 60,000 SF for future growth

Western Digital Corp., Orange County’s largest publicly traded technology company by market value, has added another sizable chunk of space to its headquarters at the Park Place office campus in Irvine.

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Weyerhaeuser Purchase Puts TRI Pointe in Catbird Seat for Land

REAL ESTATE: $2.7 billion deal gives homebuilder national presence

A $2.7 billion bet on an improving housing market is set to make TRI Pointe Homes Inc. a national presence among homebuilders

TRI Pointe in $2.7B Deal for Weyerhaeuser

Irvine-based TRI Pointe Homes Inc. confirmed on Monday it would be acquiring the homebuilding division of Federal Way, Wash.-based timber conglomerate Weyerhaeuser Co., in a $2.7 billion deal.

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Public Builders Dominate New Irvine Co. Development

Orchard Hills In North Irvine Scheduled to Open in Spring

A quartet of publicly traded homebuilders and one local builder looking to go public appear set to head up the first batch of residential development at Irvine Company’s long-awaited Orchard Hills community.

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New Pace for Fast Growers

3 Categories Combine for $90B in Revenue, 24.3% Growth Rate

The fastest-growing public companies in Orange County followed divergent paths over the past year. Includes the 2013 OC's FASTEST-GROWING PUBLIC COs list for download (pdf)

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Creative Office Trend Passes Price Test With Sale of Fox Head HQ

REAL ESTATE: Renovated campus for apparel label fetches $334 per SF

The Irvine headquarters of motocross apparel company Fox Head Inc. has traded hands for about $27.3 million

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Western Digital Takes Top OC Tech Spot for Market Cap

Surpasses Broadcom, Second to Allergan Overall

Broadcom Corp.’s decade-long run as Orange County’s largest technology company by market value has come to an end at the hand of another Irvine-based business.

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New Life for Central County ‘Zombie’ Buildings

REAL ESTATE: 1.1 million SF up for bid in two separate deals

Four of Central Orange County’s better-known office buildings are on the sales block

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KBS Doubles Down on Premium Play in Big Windy City Buy

REAL ESTATE: $435M price tag expected for 2nd Chicago skyscraper

KBS Realty Advisors remains upbeat about the market for high-end offices around the country

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Western Realco Plans 20-Acre Industrial Development

Bought Brea Land, Building From Suzuki Motor

Newport Beach-based Western Realco plans to put its next big industrial development in Orange County

TRI Pointe Looks for Quantum Leap With Weyerhaeuser Buy

REAL ESTATE: 5 homebuilders on block; price pegged at $2.7 billion

Irvine-based TRI Pointe Homes Inc. becoming one of the country’s 20 largest builders.

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Met Back on With Midrise Apartments

REAL ESTATE: $17.25M for South Coast Metro property

A vacant parcel of land in Santa Ana that was eyed as a site for a high-rise condominium tower before a shift to plans for midrise apartments has been sold to a Beverly Hills-based developer.

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Equity Office Back on OC Scene in Big Way

REAL ESTATE: Blackstone unit in buy near South Coast Plaza

Chicago-based Equity Office Management LLC has bought an office complex near South Coast Plaza in Costa Mesa