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.
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.
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.
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.
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.
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.
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.
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.
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
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.
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.
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.
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.
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
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.
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.
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)
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
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.
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
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
Bought Brea Land, Building From Suzuki Motor
Newport Beach-based Western Realco plans to put its next big industrial development in Orange County
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.
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.
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
REAL ESTATE: Money Mailer slims down in Garden Grove
The Garden Grove headquarters of Money Mailer LLC has been sold
Shares of CoreLogic Inc. surged to their highest-ever level on Thursday, a day after the Irvine-based provider of residential property information and analytics reported strong third-quarter earnings.
1800 E. Imperial Owned by LBA, Cigna Unit
The Brea office building that holds a bulk of the operations of Veterinary Pet Insurance Co. is up for sale.
REAL ESTATE: Price pegged at $114M, highest stand-alone this year
A New York City-based real estate investment firm has bought the 2030 Main St. office tower in Irvine
REAL ESTATE: Latest buy comps in Buena Park
Patrick Cadigan has added a 184-unit complex in Buena Park to his portfolio
ROIC Continues String of Acquisitions This Year
Retail Opportunity Investments Corp. is making a nearly $85 million investment in Huntington Beach’s retail market.
REAL ESTATE: Estimates range upward to $39 million
The Aliso Viejo headquarters of chipmaker Microsemi Corp. has been sold to a Boston-based institutional investor.
REAL ESTATE: LBA cashes out; beer distributor set for expansion
An affiliate of the biggest beer wholesaler in the nation has bought one of Huntington Beach’s largest buildings
REAL ESTATE: Regional HQ, city’s largest employer
An office in Cypress has traded hands as part of a four-building portfolio sale valued at $122.3 million.
Newport Beach Office Joins 4 Other Properties
A multibuilding office swap in Newport Beach involving Irvine Company and Burnham USA that I covered this summer includes one more building than first reported.
REAL ESTATE: Hines, Oaktree expected to add to OC holdings
The largest office campus in Yorba Linda is under contract to be sold
REAL ESTATE: 720-unit first phase opens, next 1,000 in works
The developer of the Great Park Neighborhoods in Irvine is looking to add a small-town spin to Orange County’s biggest new home development
Tustin Centre Complex Features 10-Story Tower
The two buildings that make up the nearly 280,000-square-foot Tustin Centre office complex are up for sale
Sheds 200,000-SF Lease; Complex to Sell for $34M
A San Diego office property’s value has dropped nearly $21 million due to the recent downsizing and financial restructuring at Irvine-based chipmaker Conexant Systems Inc.
ECONOMY: Tops on total revenue, number of companies
Orange County’s fastest-growing private companies combined for an average increase of 40% on sales. Includes the 2013 OC's FASTEST GROWING PRIVATE COs list for download (pdf)
Stearns Lending operated with a bare-bones staff for a few years before regaining its feet.
REAL ESTATE: Gets high-end office, shops; sells big-box retail
Burnham USA Equities Inc. has added a high-profile office and retail property in Newport Beach to its portfolio
REAL ESTATE: Firm is partner, main tenant in 14-story tower
Knobbe Martens Olson & Bear LLP to bring a touch of the resort lifestyle to the Irvine office tower that holds its headquarters.
1,410 Apartments in Mission Valley
The Irvine Company has made its largest single-property acquisition of the year, getting an upscale apartment complex in San Diego’s Mission Valley.
SERVICES: $661M buy of 3 firms could face delay to 2014
CoreLogic Inc.’s proposed $661 million acquisition of three data and analytics businesses is getting some additional regulatory scrutiny.
Some Cite More Favorable Business Climate in Austin
Austin has been a hotspot for Orange County-based commercial real estate investors
KBS To Move To Pacific Financial Plaza in 2014
Pacific Investment Management Co. is several months away from moving into its new 20-story headquarters
REAL ESTATE: Sold industrial portfolio for $500M last year
Kilroy Realty Corp. has put offices it owns in Orange and the Irvine Spectrum up for sale
REAL ESTATE: First outside rep for office leases in 23 years
The owner of Costa Mesa’s three most prominent office towers is switching up its leasing strategy
REAL ESTATE: Stake in office, land sales in Airport Area set stage
Hines Interests LP looking to build a new office at one of the busier intersections in Irvine.