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.
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.
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.
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.
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.
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.
Sunstone Hotel Investors Inc. president John Arabia has been appointed chief executive of the Aliso Viejo-based company.
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.
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.
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.
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.
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.
HOTELS: $53M estimate for 302-room property near JWA
The Hilton Irvine/Orange County Airport has been sold to a San Jose-based investor.
‘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.
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.
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.
Great Park Developer Lands Broadcom for Commercial Anchor
Emile Haddad caught the big fish in Orange County’s office market last year.
$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.
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.
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.
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.
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.
Orange County’s biggest landlord grabbed more than its share of headlines this year, confirming our choice of Doug Holte, who heads the office properties division for Irvine Company, as 2014’s person to watch for real estate.
REAL ESTATE: Blackstone unit now owns 1.5M SF in area
The office division of New York-based private equity giant Blackstone Group has added another big office complex in Costa Mesa to its growing Orange County portfolio.
A $345 million acquisition spree by Newport Beach-based KBS Realty Advisors includes a prominent office tower in San Jose and a pair of deals on the other side of the country.
Why Some Builders Share Profits, Even If Wall Street Wonders
Orange County’s high-end housing market is proving to be a big source of business for The New Home Co.—even if it’s been a source of confusion to some Wall Street investors and analysts who follow the homebuilder.
5th St. Towers Could Be Latest Buy for Bond Giant
Newport Beach-based Pacific Investment Management Co. has emerged as the likely buyer of one of the most prominent office complexes in downtown Minneapolis, according to news reports from the Twin Cities.
REAL ESTATE: Move from Tustin to Alton Corporate Plaza
Aviation electronics maker Rockwell Collins Inc. is relocating its regional operations from Tustin to Irvine after signing one of Orange County’s largest office leases of the year.
Price of Half-Full Property Comes to About $110 PSF
Denver-based industrial giant Prologis Inc. has picked up a large property near the Orange County-Los Angeles line.
REAL ESTATE: Plans to ask Anaheim for more units, mixed-use
A real estate company in China has bought one of the most prominent parcels of developable land in Anaheim’s Platinum Triangle, where it plans its flagship residential and commercial development project for the U.S.
Douglas Park Lands UTI For Long-Term Lease
Sares-Regis Group’s massive Douglas Park development site in Long Beach, once a base for the aviation industry, is slowly turning into an automotive hub of sorts.
Broadcom Campus Plan Puts Focus on ‘Companies and Jobs’
Expect to see a surge in commercial real estate development activity near the southern edge of the former El Toro Marine Base in Irvine, following the decision of Broadcom Corp. to relocate its headquarters to the Great Park Neighborhoods site.
REAL ESTATE: Irvine Company takes $250M on 3 office buildings
Wells Fargo might not have its logo atop the newest office building on Newport Center Drive, but its name is on something just as important for the building: loan documents.
REAL ESTATE: Would be 6th trade in 7 years for Costa Mesa office
Stop us if you’ve heard this one before: The distinctive Costa Mesa office that once held the headquarters of ICN Pharmaceuticals Inc. and later Valeant Pharmaceuticals International could soon have a change in ownership.
REAL ESTATE: Adds mortgage, title services in wake of Weyerhaeuser deal
TRI Pointe Homes Inc. continues to build the foundation of an ambitious growth plan in 2015, despite some lingering questions over the health of the national homebuilding industry.
18-Acre Canyon Property Could Be Redeveloped
Another big property of AT&T Inc. in Anaheim is up for sale.
An investment group that includes Irvine-based real estate investor and developer Greenlaw Partners is nearing a deal to buy the massive Bank of America office campus in Brea.
Properties, 12 Others Could Fetch $500 Million
Shopping centers in Mission Viejo and Brea are part of a portfolio of West Coast retail properties that are on the block and could sell for nearly $500 million.
REAL ESTATE: Takes full floor at Irvine Company’s newest office
Bill Gross might have the highest profile among the first batch of tenants at Irvine Company’s newest office building in Newport Center, but Stifel, Nicolaus & Co. can claim the highest perch at the 21-story building.
Filing Says Talks For New Campus ‘Near Conclusion’
Broadcom Corp. is closing in on its long-awaited deal to buy the land for its new office campus near Orange County Great Park, according to filings with Irvine City Council.
‘Opportunistic’ Real Estate Scarce, Competition Stiff
Opportunity is still knocking for many of Orange County’s most active commercial real estate investors of the past five years, but it has required a decided shift in strategy.
REAL ESTATE: Deal for 8-story office largest so far this year
An eight-story building near Anaheim’s City Hall that previously served as the local operations hub for AT&T Inc. has been leased to a growing integrated-care medical group affiliated with Orange-based hospital operator St. Joseph Health System.
TRI Pointe’s Revenue Jumps 1,621%—Before Big Buy From Weyerhaeuser
If you think TRI Pointe Homes Inc.’s revenue growth over the past 24 months is eye-opening, just wait until next year.
REAL ESTATE: GE Capital backs firm’s first OC deal
Cypress West Realty Partners LLC, a Ladera Ranch-based investor in healthcare properties, has made a medical building in Rancho Santa Margarita its first local purchase.
Law Firm Second Largest Tenant at 21-Story Office
Plaza Tower, arguably the best-known office building in Costa Mesa, is keeping one of its signature tenants.
REAL ESTATE: City part of push for Marriott’s Euro-style boutique
AC Hotels by Marriott, a European-style boutique hotel brand, will include Irvine in the first wave of a development push in the U.S.
REAL ESTATE: Tenant-rep brokerages ‘share same DNA’
Orange County’s two largest commercial real estate brokerages that solely represent tenants in lease negotiations are combining forces.
REAL ESTATE: $10M redo for offices next to Angel Stadium
Tenant demand for creative-office space in Orange County is about to get its biggest test yet at an office complex across the street from Angel Stadium of Anaheim.
24,000-SF Lease Near Top For Medical Offices in ’14
A new medical practice specializing in spine and sports medicine has signed a big lease in an Orange office next to St. Joseph Hospital and Children’s Hospital of Orange County.
REAL ESTATE: Planned Costa Mesa towers to become rentals
High-rise condominium plans in Costa Mesa’s ritzy restaurant, shopping and arts center are coming back down to earth.