Orange County Business Journal

Country Club Teed Up for Sale?

127 Acres Along 55 Freeway Could Fetch Up to $250M

A handful of real estate developers have teed up big-dollar bids to gauge members’ interest in selling the Santa Ana Country Club.

Hidden Canyon Sees $50M in Sales in First Month

Toll Brothers Bullish On Irvine, Lake Forest Sites

Hidden Canyon, the newest high-end, new-home community in Irvine, had about $50 million in sales in less than a month after its opening, according to the project’s developer.

OCMA Still Plans Move to Segerstrom Land

ARTS: Sale, price of current location could be trimmed

Plans to relocate the Orange County Museum of Art to a new facility at the Segerstrom Center for the Arts in Costa Mesa are moving forward despite uncertainty over the fate of the museum’s current location in Newport Beach.

Apartments Draw Premium in IBC

REAL ESTATE: $112 million would be highest price since 2013

A spate of apartment development going up on Jamboree Road in Irvine doesn’t appear to be scaring off investors looking for existing complexes in the same area.

HB Shorebreak Hotel Sells for $58.5M

Bethesda, Md.-based DiamondRock Hospitality Co. bought the Shorebreak Hotel in Huntington Beach for $58.5 million, or nearly $373,000 per room.

Kilroy Sell-Off Continues in $26M Deal for IBC Land

Fairfield Residential Plans Mix of For-Sale, Rentals

Los Angeles-based Kilroy Realty Corp. has completed the long-planned sale of a former industrial site on Von Karman Avenue in Irvine where a residential project is slated to go up.

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Shorebreak Hotel Sells for $58.5M

Bethesda, Md.-based DiamondRock Hospitality Co. said it has bought the Shorebreak Hotel in Huntington Beach for $58.5 million.

Mastering the Plan: Share Sales Rise for OC’s Big Three

Irvine Ranch, Pavilion Park, RMV Counter Nat’l Trend

Sales at Orange County’s best-selling masterplanned residential developments showed no signs of slowing last year and are poised for more growth this year, despite a cooling trend across much of the country.

Brea Industrial Project Moves Ahead on Imperial

Clarion, Pacific Industrial Buy Site From Greenlaw

Land in Brea that once held an RV storage facility is on the fast track to hold one of the city’s largest new industrial buildings.

Buchanan Street Bolsters Portfolio Beyond OC Base

REAL ESTATE: Gets low-rises in SoCal, 10-story Dallas office

Recent deals for three low-rise offices in Southern California capped off an active couple of months for Newport beach-based Buchanan Street Partners, which has also added a 10-story office in Dallas to its portfolio of recent investments.

Menlo Buys $60M+ of Offices in South County

REAL ESTATE: Four offices total 365,000 square feet

Menlo Equities LLC has added four more offices to its already sizable holdings in Foothill Ranch and Lake Forest, in a pair of acquisitions valued at more than $60 million.

Infill Projects Keep Big and Small Builders Busy

Less Risk, Fast Sales Appeal to Publicly Traded Firms

Orange County’s largest masterplanned developments are driving a bulk of the recent new-home sales in the region, but plenty of builders are also finding success buying land for residential projects off the beaten path.

Sales of New Homes Reach 10-Year High

REAL ESTATE: Top builders in area combine to top 4,000 mark in 2014

More than $3.5 billion was spent on new homes in Orange County last year as the area’s busiest builders reported the most sales here in a decade.

Von Karman’s Cluster of Data Centers Could Expand

Menlo Equities Plans To Reconfigure Warehouse

Menlo Equities LLC hasn’t found too much success leasing out its Quintana office campus near John Wayne Airport. But the Palo Alto-based company appears to be seeing strong user interest at an industrial complex it owns next door, thanks to tenants of a different type.

Sunstone CFO Aids REIT’s Reinvention

Aliso Viejo-Based Hotel Investor Sheds Debt, Gains Leverage

Bryan Giglia has helped Sunstone Hotel Investors Inc. complete a corporate makeover as extensive as any redevelopment the company has undertaken for one of its portfolio hotels.

Burnham Eyes LB For New Retail Project

REAL ESTATE: Buys Douglas Park land from Sares-Regis

Newport Beach-based Burnham USA Equities Inc. has bought nearly 30 acres of land next to Long Beach Airport where it’s planning one of the largest retail projects in the city in years.

4000 MacArthur Offices Sold to Hines, Oaktree

$100M+ Deal Follows Big Lease for Hyundai Capital

The 4000 MacArthur office complex in Newport Beach has traded hands for more than $100 million, just weeks after the two-building property landed one of the largest tenants on the market.

HCP Back in OC, Big in Bay Area With Campus Plan

REAL ESTATE: Eyes lifescience tenants for 884,000-SF project

A recently returned corporate citizen of Orange County has gotten started on one of the largest office developments under way in California—an 884,000-square-foot project that will mix a hotel and retail space into an office development intended for lifescience companies in the Bay Area.

Chicago Investor’s Buy Ups Bet on Resort Market

REAL ESTATE: $1.4M-per-room sale of Montage an OC record

The Chicago-based investor that was reportedly exploring a sale of its lone Orange County property just 18 months ago has instead added to its local resort holdings.

Donahue Schriber Latest OC Buyer in Silicon Valley

REIT Buys New Center For Estimated $111 Million

Add Donahue Schriber Realty Group to the growing list of Orange County commercial real estate companies spending big dollars in Silicon Valley.

Montage Laguna Beach Sells for $360M

Chicago-based Strategic Hotels & Resorts Inc. bought the Montage Laguna Beach for $360 million, the hotel investor said.

Hyundai Capital Adds 178,000 SF in Airport Area

REAL ESTATE: Entire building at MacArthur and Jamboree taken

Irvine-based Hyundai Capital America Inc. is consolidating a large portion of its sizable local operations at the 4000 MacArthur office campus in Newport Beach.

Broadcom’s $778M Solution

Chipmaker Puts Price on Plans for Great Park Campus

Irvine-based Broadcom Corp. is investing nearly $800 million for its new headquarters next to Orange County Great Park, according to regulatory filings.

Ex-Sunstone CEO’s Basic Bet: What Goes Up Must Come Down

REAL ESTATE: Hedge-like fund eyes end to strong run for hotels

Ken Cruse, who recently left the top job at Aliso Viejo-based hotel investor Sunstone Hotel Investors Inc., has started an investment company that will try to take advantage of the next downturn in the hospitality industry.

Brewery Snaps Up Property Next to Angel Stadium

Win-Dor Site Once Eyed For 20-Story Office Tower

Golden Road Brewing, a growing craft beer maker based in Los Angeles, has snapped up an industrial building across the street from Angel Stadium for its first Orange County location.

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Montage LB Sells for $360M

Chicago-based Strategic Hotels & Resorts Inc. has bought the Montage Laguna Beach for $360 million, the Chicago-based hotel investor said on Thursday.

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Montage LB Sells for $360M

Strategic Hotels & Resorts Inc. has bought the Montage Laguna Beach for $360 million, the Chicago-based hotel investor said on Thursday.

Irvine Co. Gets Santa Clara Offices for $137 Million

Silicon Valley Portfolio Now Tops 4 Million SF

Irvine Company has made another pricey office investment in the Silicon Valley city of Santa Clara.

Platinum Triangle Preps for 2nd Act of Development

Office, For-Sale Projects Eyed Alongside More Apartments

The development of the Platinum Triangle area in Anaheim is entering its second decade, and the 820-acre swath of land around Angel Stadium remains poised to be a hub of apartment construction.

Irvine Land Deals Top $100M, Usher in New Plans

Offices Could Join 1,600 Planned Apartments

Nearly 30 acres along a busy stretch of Jamboree Road in Irvine have sold over the past few weeks or are expected to soon, with plans for apartment and office development expected to start on the sites.

Builders Named for Great Park Homes

Irvine-based Standard Pacific Corp. is the lone locally based homebuilder tapped to build homes at Beacon Park, the second community planned for Great Park Neighborhoods.

Cosmetics Brand Takes Creative Office in Irvine

REAL ESATE: Too Faced adds space amid reports of sale

Too Faced Cosmetics LLC, an Irvine-based cosmetics company that’s said to be considering a sale, has inked a lease for a much larger headquarters in its hometown.

Ingram Micro Sets Up Shop in Irvine

REAL ESTATE: Park Place lease could bring sale of Santa Ana HQ

Ingram Micro Inc., Orange County’s largest company by sales, is expected to move its headquarters from Santa Ana to Irvine after signing a large office lease at the Park Place mixed-use campus.

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9 Builders Tapped for 2nd Great Park Home Site

Irvine-based Standard Pacific Corp. is the lone locally-based homebuilder tapped to build homes at Beacon Park, the second community planned for the Great Park Neighborhoods.

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Sunstone Gets New CEO

Sunstone Hotel Investors Inc. president John Arabia has been appointed chief executive of the Aliso Viejo-based company.

Auto R&D Plant Bound for Irvine

REAL ESTATE: Self-storage to rise on 10 acres next door

A 14-acre property in Irvine near the Tustin Legacy development site is expected to be converted into a manufacturing center for a Japan-based automotive research and development company, with a self-storage facility slated for next door.

Lincoln Properties Buys Biggest Office in Los Al

REAL ESTATE: 2 buildings, 150,000 SF on 10 acres

The local office of Dallas-based Lincoln Properties Corp. has bought the largest office property in Los Alamitos.

Times’ Former Parent Seeks Partners on Costa Mesa Plant

21-Acre Site Now Unused, Redevelopment Planned

Development activity could move ahead this year at a former Los Angeles Times printing plant in Costa Mesa that’s long been a source of speculation of a potential sale or redevelopment, according to its owner.

Olson In $103M Deal on 3 Hotels

REAL ESTATE: Development push extends to Silicon Valley

Irvine-based R.D. Olson Development is under contract to sell a trio of its recently built hotels here for $103 million to a Virginia-based investor.

KBS, LBA Sign $248M Deal for Emeryville Offices

Three-Building Campus Last Sold for Reported $130M

LBA Realty and KBS Realty Advisors, two of Orange County’s most active commercial property investors through much of 2014, wrapped up the year with a blockbuster transaction in Northern California.

Hilton Irvine Sold to Investor in San Jose

HOTELS: $53M estimate for 302-room property near JWA

The Hilton Irvine/Orange County Airport has been sold to a San Jose-based investor.

Taylor Morrison Buys Newport Beach Housing Site

‘Echo Beach’ Plan Would Raze 1970s-Era Apartments

A midsize apartment complex steps from the ocean in Newport Beach has been acquired by a new owner with plans for a for-sale residential project at the site.

Obamacare Provides Lift for Central OC

REAL ESTATE: Provider, insurers snap up former subprime turf

Obamacare was a boon to the health of Central Orange County’s office market in 2014.

Olen Flips Santa Ana Business Park for $31.7M

REAL ESTATE: Sheds odd fit, uses some of profit in Atlanta

Newport Beach-based Olen Properties has sold one of its local holdings, a business park in Santa Ana that it owned for less than three years.

Real Estate: Emile Haddad

Great Park Developer Lands Broadcom for Commercial Anchor

Emile Haddad caught the big fish in Orange County’s office market last year.

Kilroy Sheds Another OC Office in Westcore Sale

$25.3M for Orange Office Leased to Aecom Tech

San Diego-based real estate investor Westcore Properties has bought one of the last remaining Orange County assets of Kilroy Realty Corp.

Olen Adds Atlanta Apartments, Stays Patient on Deals Here

REAL ESTATE: Latest OC-based investor to buy into Georgia capital

A nationwide apartment push by Olen Properties has seen the Newport Beach-based real estate owner and investor make its first acquisition in the Atlanta area while ramping up development in other markets outside Orange County.

HK Buyer Adds Hotel at Gate of Disneyland Resort to OC Portfolio

REAL ESTATE: Renovation seen for 300-room Anaheim Plaza

A 300-room hotel across the street from the Disneyland Resort in Anaheim is expected to see a major renovation following its sale to a Hong Kong-based investor.

Bixby Seeks Creative Gem at Jewelry Brand’s Old HQ

REAL ESTATE: Plan for Tustin office continues trend

Bixby Land Co. is set to undertake its largest creative-office redevelopment project in Orange County to date at an industrial building in Tustin.

CT Realty to Riverside for $25M Industrial Project

5-Building Project Part Of $120M JV With Prudential

CT Realty is moving ahead on a $25 million industrial project in Riverside in the first deal the Aliso Viejo-based developer has made with a large institutional investor it recently partnered with.

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