Orange County Business Journal

Toll’s Irvine Land Spree Continues in Orchard Hills

REAL ESTATE: Pays about $200M for nearly 161 acres

Toll Brothers Inc. has completed the purchase of a sizeable parcel of developable land at the Orchard Hills community in Irvine, adding to the company’s collection of high-end home sites in the city.

Lincoln Property’s Top OC Exec Starts Own Firm

REAL ESTATE: Plans initial focus on office, retail projects

Kevin Hayes, the head of Lincoln Property Co.’s sizeable Orange County operations, has left the Dallas-based real estate investor and developer to start his own firm.

OC Firm with USC Ties Has Big Plans Near Campus

Trojan QB’s Firm Eyeing 3.3 Acres Near Stadium

Spectrum Group Real Estate, an Irvine-based real estate investment and development management firm whose execs have connections to the University of Southern California, is planning to build a sizeable mixed-use property not far from the school’s campus south of downtown Los Angeles.

Even More Of A Family Matter On Mariner’s Mile

REAL ESTATE: Duffy parcel now in Moshayedis’ Coast Highway portfolio

The biggest property owners in the Mariner’s Mile area of Newport Beach have added another notable—and pricey—waterfront site as they continue an effort to revamp the high-traffic area.

Off-the-Grid Project to Help Power Park Place

REAL ESTATE: Capacity for equivalent of 1,300 homes

The latest upgrade to the Park Place mixed-use campus in Irvine is taking place behind the scenes, and in clean-energy jargon, behind the meter.

Western Growers Moves HQ in Irvine Following Sale

Zion’s $8.2M Buy Comes With Plans for Nonprofits

Western Growers Association, a trade association that represents farmers in California, Arizona and Colorado, has sold its Irvine headquarters near John Wayne Airport and relocated to another spot in the city.

Olson Goes to Hollywood

Aims to Follow Paséa, Spectrum Marriott With Art Deco Entry in LA

A 21-story, art deco-inspired hotel planned for the heart of Hollywood marks the latest chapter in R.D. Olson Development’s recent push into the high end of the hospitality market.

Tease photo

PHG in Deals for AC Irvine, Tempe

An affiliate of Irvine’s Pacific Hospitality Group is in deals for two AC Hotels—a 176-room property currently under construction at the Park Place mixed-use campus near John Wayne Airport and a recently opened location in Tempe, Ariz.—from Woodbine Development Corp. and USAA.

Irvine Developer Gets 133 Acres in LA Industrial Belt

REAL ESTATE: Estimates put Goodman Birtcher buy at $240M

Irvine-based developer Goodman Birtcher has bought a pair of massive distribution centers in Los Angeles County, including a property just over the county line in Santa Fe Springs, in one of the largest industrial acquisitions in Southern California in recent memory.

Golden State Foods HQ Office Up for Sale, Again

REAL ESTATE: Would be 6th Sale of Office Since ’06

An Irvine office tower that holds the headquarters of Golden State Foods Corp. and other tenants is up for sale again in one of the largest transactions anticipated this year in the John Wayne Airport-area market.

KBS Doubles Down on 1,375-Acre Project in Vegas

REAL ESTATE: Buys out co-investor’s 46% stake

A 2011 investment in the Las Vegas land development market by an affiliate of KBS Realty Advisors appears to be paying off for the Newport Beach-based company, although a recent add-on deal indicates that land prices in the gambling mecca remain well below peak levels.

175-Room Hotel Plan Adds to Anaheim Backlog

Site Next to Pumbaa Lot Among 10 Now in Works

You can add another name to the increasingly crowded list of proposed hotel developments in the area around Disneyland Resort in Anaheim.

Tease photo

Goodman Birtcher Gets 133 Acres

Irvine-based developer Goodman Birtcher has bought a pair of massive distribution centers in Los Angeles County.

Commercial Development at Highest Level Since ’07

Nearly 3M SF Completed; Projects Spread Across OC

Orange County’s top commercial real estate developers posted their most active year of completed projects in a decade with a variety of sizeable product types opening across the region over the year ended April 30.

Anyone’s Guess As Young Rides Off Ranch

Let the guessing game begin as Dan Young gets set to step down from the Irvine Company.

Surge of Hotel Development

More Than 7,000 Rooms Proposed in Four Cities

The four Orange County cities with the heaviest volume of hotel construction are seeing a divergence in the type of properties being built there and the sorts of guests the hotels will target.

Commercial Construction Up, Uncertainty on Horizon

Revenues Here Highest Since ’09, Backlog Down

Orange County’s largest commercial construction companies took in the most revenue since the Great Recession, although a shrinking backlog and ominous economic reports raise questions about the industry’s continued growth.

Homebuilder TRI Pointe Moves Local Division

HQ Staying at For-Sale Google Center Campus

Irvine-based homebuilder TRI Pointe Group Inc. is moving its Southern California division closer to some of the projects it has under way on the Irvine Ranch.

SF Investor Makes FV Complex 3rd Office Buy in OC

REAL ESTATE: Swift nabs 2 buildings next to Hyundai HQ

San Francisco-based real estate investor Swift Real Estate Partners has made its third acquisition in Orange County in as many years, getting a two-building office complex in Fountain Valley.

Tease photo

Young to Step Down at Irvine Company

Dan Young plans to step down from his executive position at Newport Beach-based Irvine Company at the end of the month.

Google Campus On Jamboree Leads OC Office Listings

REAL ESTATE: Some $1.3B worth of deals in pipeline amid rising rents

The five-building Irvine office campus that holds the local operations of Google Inc. and others is up for sale, headlining an Orange County office investment market that’s seeing its heaviest activity in over eight years.

Hot Start for New Home’s Latest in Newport Coast

REAL ESTATE: 12 of 55 luxe homes sold ahead of opening

Hefty price tags don’t appear to be stifling interest in the last big housing community slated for the Newport Coast community of Crystal Cove.

Steadfast a Record Maker with Music City Purchase

$110M Apartment Deal Tops for Nashville Region

An affiliate of Irvine-based Steadfast Cos. has bought a big apartment complex in the suburbs of Nashville, Tenn., in what local news reports say is the priciest multifamily deal the area has ever seen.

Meritage Homes Buys West CM Infill Site

REAL ESTATE: Roughly $35M sale of 135-home portion of site

A portion of a former industrial facility in Costa Mesa’s Westside that’s slated for an infill housing project has sold in one of the larger land deals in the city in recent years.

Apria Healthcare’s Lake Forest HQ Sells for $19M

REAL ESTATE: PRES Cos. buys South OC complex

The Lake Forest headquarters of healthcare provider Apria Healthcare Group Inc. has been sold to a local real estate investor for $19 million.

Abbott Medical Optics’ Santa Ana HQ Sells for $37M

SF-Based Investor Pays $216/SF for 10-Acre Site

The Santa Ana headquarters of Abbott Medical Optics has been sold to a San Francisco-based investor.

KBS Lands SF Tower, Redmond Business Parks

REAL ESTATE: $300M spree follows bond deal in Israel

A real estate investment trust run by Newport Beach-based KBS Realty Advisors, fresh off a $250 million bond offering in Israel, has made plans to spend nearly $300 million on an office property in downtown San Francisco and a portfolio of business parks in the Seattle suburbs.

Deal Signal of Irvine Co. Shopping Spree?

REAL ESTATE: $1B CMBS offering could precede some big property buys

A new billion-dollar funding deal involving a portion of Irvine Company’s apartment portfolio raises the prospect that Orange County’s dominant real estate company could soon be on the lookout for acquisitions.

Newport Sports Museum Office Sells for Top Price

Museum Closed in 2014, Sells for Nearly $1,500/SF

An office near Fashion Island shopping center that previously held the Newport Sports Museum has sold for what looks to be one of the highest recent prices for an office deal in Orange County per square foot.

Government Office in Orange Gets Top Dollar in Sale

$61 Million for Building Near Mall, Leased to FBI

The 4000 Metropolitan Drive office in Orange, a 183,000-square-foot building just off the Garden Grove (22) Freeway near the Outlets at Orange shopping center, has traded hands for the third time in six years in one of the largest local office sales so far this year.

Whole 9 for Anaheim Resort Hotel Market

Nexus’ Plan for 350-Room Entry on Katella Latest on Drawing Board

Nexus Development Corp. is the latest in a growing list of companies looking to build a hotel in the Anaheim Resort Area.

Smartphone Case Maker Spigen Plans Spectrum Buy

Irvine Unit of Korean Firm To Pay $13.2M for Office

Spigen Inc., an Irvine-based maker of smartphone cases, screen protectors and related accessories, appears to be expanding its local operations after entering into a deal to buy an office in the Spectrum area.

FivePoint’s Next Step: Commercial Landlord

REAL ESTATE: New structure takes in projects from here to Bay Area

Aliso Viejo-based master developer FivePoint Holdings LLC is planning the next step in its evolution: becoming one of Orange County’s largest commercial real estate landlords.

Thriving Spectrum Office Market Braces for Changes

Broadcom, Toshiba Sites Among Offices in Play

The Irvine Spectrum office market is by most measures the best-performing submarket in Orange County these days: Empty space is scarce, a flock of new and expanding companies call the area home, rents are rising, and new development is in full bloom.

Olen Steps Up in Airport Area, Pays $44.8M for Office Park

Newport Beach-based real estate investor and developer Olen Properties Corp. has made its largest local purchase in nearly three years, buying a 15-building office park near John Wayne Airport.

New Great Park Home Phase to Start Early 2017

REAL ESTATE: 727-home project to feature six builders

The developer of Great Park Neighborhoods in Irvine is planning to launch its next phase of home development in early 2017.

JWA-Area Office Deal Priciest of Year at $66M

REAL ESTATE: Georgia-based REIT also sells Brea property

Piedmont Office Realty Trust Inc. has sold its two Orange County office properties—in Irvine and Brea—for a combined $100 million.

Greenwave Grows Into Full Floor at Spectrum Showplace

Irvine-based smart technology company Greenwave Systems Inc., Orange County’s biggest recipient of venture capital funding this year to date, has signed a deal to move its headquarters to 200 Spectrum Center, the area’s newest office tower.

Tease photo

FivePoint Completes Restructuring

Aliso Viejo-based FivePoint Communities Inc. completed a reorganization that gives it ownership of four of California’s largest master-planned communities, including Irvine’s Great Park Neighborhoods.

$630M Bet Makes Bascom Biggest Landlord in Vegas

REAL ESTATE: Irvine-based investor adds 4,918 units at 15 complexes

Irvine-based apartment investor Bascom Group LLC has made the largest acquisition in its 20-year history, landing a nearly 5,000-unit portfolio of rental properties in and around Las Vegas.

Harrah Eyes Office Conversion, Hotel in Santa Ana

Plans Come Amid $34M Buy Near Register

"Big Mike” Harrah doesn’t do small when it comes to development plans in Santa Ana.

Caltrans to Leave Irvine for New Santa Ana Digs

REAL ESTATE: 130,000-SF lease fills out State Fund building

The California Department of Transportation is moving its local operations from Irvine to Santa Ana after signing one of the largest new office leases reported in Orange County so far this year.

Toshiba’s 26-Acre Campus on Market

REAL ESTATE: Plans to sell land in Spectrum, lease elsewhere in OC

Toshiba Corp. is putting its massive Irvine office facility on the market and looking for space to lease elsewhere in Orange County.

Big Media for Big Mike in Register Deal

Harrah Got Presses, Trucks Along With Land; Aims to Foster Media Hub, Add Condo Towers, Hotel

Mike Harrah’s investment in the former assets of the Orange County Register appears to have given the longtime Santa Ana real estate owner, developer and philanthropist a new calling card: local media mogul.

Supplement Maker Expected to Buy Santa Ana Space

Part of Rexford-CTR Deal Could Sell for $18.7M

One of five Orange County industrial buildings acquired by Rexford Industrial Realty Trust Inc. as part of a $191 million portfolio deal might not stay under the ownership of the Los Angeles-based investor for too long.

CapRock Adds Anaheim Office Park to Portfolio

REAL ESTATE: $30M buy as firm wraps up Tustin project

An Irvine-based commercial real estate firm with a growing investment and development pipeline in Southern California has made its largest-ever acquisition in Orange County, picking up an office park in Anaheim.

Big Media for Big Mike in Register Deal

Harrah Got Presses, Trucks Along With Land; Aims to Foster Media Hub, Add Condo Towers, Hotel

Mike Harrah’s investment in the former assets of the Orange County Register appears to have given the longtime Santa Ana real estate owner, developer and philanthropist a new calling card: local media mogul.

Stall on IPOs Feels Different in OC

ECONOMY: Choppy market has some on hold; others seek sales

Orange County’s roster of locally based public companies with billion-dollar valuations isn’t getting much help when it comes to offsetting some high-profile departures.

Obey Investor Snaps Up Industrial Building in IBC

79K SF Building Sells For $11.8M; Move Planned

An investor with ties to Irvine-based Obey Clothing has bought an industrial facility close to one of the apparel maker’s facilities near John Wayne Airport.

CT Sells Chunk of OC Industrial in $191M Deal

REAL ESTATE: Five of nine properties Rexford gets are here

Newport Beach-based CT Realty Investors is selling a portion of its industrial real estate holdings in Orange County as part of a $191 million portfolio deal with a real estate investment trust.

Page of .