Orange County Business Journal

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.

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.

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.

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.

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.

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.

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.

Montage Laguna Beach Sells for $360M

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

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.

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.

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.

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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 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.

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.

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.

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.

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.

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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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

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.

2014 Year in Review: Real Estate

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.

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.

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.

Premium Cut on Irvine Ranch

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.

Pimco Tapped as Likely Buyer of Twin City Towers

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.

Equity Office Adds Costa Mesa Campus to OC Portfolio

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.

KBS Spree Ranges From SJ to Va.

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.

Chinese Developer Buys A-Town Parcel in Platinum Triangle

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.

Rockwell Collins to Shift In-Flight Entertainment Operations to Irvine

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.

Prologis Adds to Portfolio With $18M Buena Park Buy

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.

Debt Deal Puts Newport Center Values at New High

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.

Great Park Goes Commercial

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.

Sares-Regis Adds Auto Tech School to Long Beach Site

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.

Another 180,000-SF Flip in South Coast?

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.

TRI Pointe in Full-Service Push for 2015 Sales Growth

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.

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