Orange County Business Journal

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CT Realty Gets Coupon Marketer’s Headquarters

REAL ESTATE: Money Mailer slims down in Garden Grove

The Garden Grove headquarters of Money Mailer LLC has been sold

CoreLogic Stock at New High After Strong Q3

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.

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Cadigan Adds Apartments in North OC Deal

REAL ESTATE: Latest buy comps in Buena Park

Patrick Cadigan has added a 184-unit complex in Buena Park to his portfolio

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Brea Office Expected to Go for $30 Million or More

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.

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Irvine Concourse Buy Points to Liftoff for Airport Area Offices

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

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San Diego REIT Buys Huntington Beach Retail Center

ROIC Continues String of Acquisitions This Year

Retail Opportunity Investments Corp. is making a nearly $85 million investment in Huntington Beach’s retail market.

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AEW Capital Gets 109,000 SF, Prime Tenant at Summit

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.

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Healthcare Office in Cypress Sells for $69M

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.

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One More in Irvine Co./Burnham USA Building Swap

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.

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OC Industrial Benchmark Rises With HB Sale

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

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Small-Town Feel, Big-Time Ambition on Great Park Homes

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

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Santa Ana Offices Could Bring $65 Million for Seller

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

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Yorba Linda Campus Auction Tops $51M

REAL ESTATE: Hines, Oaktree expected to add to OC holdings

The largest office campus in Yorba Linda is under contract to be sold

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Look Who’s Back

Stearns Lending operated with a bare-bones staff for a few years before regaining its feet.

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Conexant Systems’ Cutbacks Felt in SD Office Market

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.

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Highest Marks for Fastest Growers

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)

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Burnham Buys on Westcliff, Plans Makeover

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

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Knobbe Wants Resort Feel at Airport-Area Office

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.

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Texas Capital Sees OC Investments, Office Expansions

Some Cite More Favorable Business Climate in Austin

Austin has been a hotspot for Orange County-based commercial real estate investors

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Irvine Company Adds in SD

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.

FTC Wants 2nd Look at CoreLogic Deals

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.

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Offices to Be Vacated by Pimco Getting Scooped Up

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

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Kilroy Continues to Cash Out of OC, Puts Offices on Block

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

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Hines Eyes New Office Project Next to Buy at Main & Von Karman

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.

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C.J. Segerstrom & Sons Calls on Cushman

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

Report: Standard Pacific in Running for Shapell Homes

Irvine-based Standard Pacific Corp. is said to be one of at least three companies in the running to buy Beverly Hills-based homebuilder Shapell Homes, according to a report in the Wall Street Journal.

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Accounting Firm Renews at Irvine Co.’s Jamboree Center

7-Year Lease for White Nelson Runs 27,000 SF

Accounting firm White Nelson Diehl Evans LLP was the first big tenant to sign a lease at the Jamboree Business Center in Irvine when the three-building office complex opened in 2007.

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PRES to Fill Gap in Downtown Anaheim

In Deal for 201,000-SF Office AT&T Plans to Vacate Later This Year

PRES Cos. is under contract to buy AT&T Inc.’s office in downtown Anaheim, one of several notable purchases in the works for the Irvine-based real estate investor and developer.

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Industrial Sale With Big Price Could Fuel More Like It

Lots of Projects Planned, But Few Moved in 5 Years

A slowly improving economy hasn’t led to a surge in new development of industrial buildings in Orange County.

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REIT Parts Ways With Creator After Money Squabbles

TNP Strategic Partners With Glenborough LLC

A nontraded real estate investment trust that buys shopping centers is doing its best to distance itself from the company that founded it, Costa Mesa-based Thompson National Properties, in the Real Estate Column

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Irvine Company Has Big Plan on Campus

REAL ESTATE: Project on drawing board could accommodate Broadcom

Irvine Company has presented plans for a massive campus in the Irvine Spectrum to chipmaker Broadcom Corp.

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OC Lesson Plan: Colleges Are Buying in Spectrum

Chapman, CSUF, Brandman Stake Claims in Business Center

Office parks in the Irvine Spectrum have become the go-to location for back-to-school sales of a real estate variety over the past few years.

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Baseball Great and Fellow Investors Buy Complex

REAL ESTATE: Santa Ana apartments sell for $28 million

An investment group that includes Hall of Fame baseball player George Brett has bought a 160-unit apartment complex in Santa Ana

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Irvine Company, Light on Debt, Takes Out Big Loan

Finalizes $115M Mortgage For Cypress Village Apts.

Newport Beach-based Irvine Company has taken out a sizable loan for one of the four apartment complexes it has built in the new Cypress Village neighborhood in Irvine, in the Real Estate Column

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Medical Biller Renews at Anaheim Corporate Center

Tenet Healthcare Unit in Deal for 90,000 SF

Dallas-based Conifer Health Solutions has renewed its lease at Arena Corporate Center in Anaheim in one of the larger office leases Orange County has seen in recent months, in the Real Estate Column.

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Olen Pays $73.5M for Office Complex in Irvine Spectrum

REAL ESTATE: Biggest OC buy for NB-based developer in several years

Newport Beach-based real estate investor and developer Olen Properties Corp. has made its largest local purchase in several years

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MemorialCare’s Flip Is PacTrust’s New HQ

REAL ESTATE: Hospital operator sells in Costa Mesa, buys in FV

The Irvine-based parent of Pacific Trust Bank plans to move its headquarters and rapidly growing operations to one of the more distinctive office buildings in Costa Mesa.

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Offshore Flow Brings Office Sale Near JWA

REAL ESTATE: Foreign buyers see OC as relatively affordable

A foreign-based investor has bought 11 buildings in a Newport Beach office park close to John Wayne Airport in one of the larger office transactions in the city so far this year.

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OC’s Wealthiest-er

Strong Runs for Stocks, Real Estate Boost Rich List Across Board

Orange County’s richest have reached new highs in terms of combined wealth and billionaires.

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Very Good Year

Gains for Wealthiest Extend Throughout Southern California

Winners outpaced losers by a wide margin among Southern California’s super-rich over the past year or so, buoyed by stock gains, a resurgent real estate market, and a generally improving economy.

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Recession Largely Behind Best of OC’s Big-Box Space

Class A Spaces Fill Up With Recovery

Orange County’s retail market—particularly its inventory of big-box space in the region’s top locations—has largely recovered from the effects of the Great Recession, according to a new brokerage report, in Real Estate

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Bargain Price Still Biggest for Hotel This Year

HOSPITALITY: Special servicer pays $36.2 million

Sheraton Park Hotel at the Anaheim Resort, a 490-room hotel next to the Anaheim Convention Center, has traded hands in one of the larger sales of a distressed real estate property Orange County has seen this year.

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Types of Tenants Reflect Local Job Market’s Revival

Employment, Landscaping Services in Area

Orange County’s job market is set to continue its growth, if the office expansion of a locally based provider of employment background screening services is any indication, in the Real Estate Column

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Irvine Company in Rare Property Swap

REAL ESTATE: 4-building trade with Burnham in Newport Center

Four low-rise buildings in Newport Center—Orange County’s most exclusive and expensive office market—have seen an ownership change without a single dollar trading hands.

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Arlon Graphics Takes Growth Plan to Placentia

REAL ESTATE: Plans more hires at one-time Knott’s plant

Arlon Graphics LLC is moving its growing local operations from Santa Ana to Placentia after inking a deal to lease a former production facility for Knott’s Berry Farm jams and preserves.

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Irvine Company Keeps Housing Pipeline Full

REAL ESTATE: Ready to send next plan for North Irvine to city

Grading work could begin as early as next month for a new, 300-acre housing development by the Irvine Company along Jeffrey Road in North Irvine.

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Fixer-Upper Contractors Post Biggest Gain in Decade

Increase Concentrated at the Biggest Companies

Orange County’s largest tenant improvement contractors last year had their busiest year for billings in more than a decade. Includes the 2013 OC's LARGEST TENANT IMPROVEMENT CONTRACTORS list for download (pdf)

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Buy of Costa Mesa Headquarters Sounds Logical to QSC

Audio Equipment Maker Gets 50,000 Square Feet

QSC Audio Products LLC, a privately held maker of amplifiers, speakers and other sound systems has bought the Costa Mesa building that it had been leasing for its headquarters, in the Real Estate column.

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JPMorgan Chase Sticks With Alton Corporate Plaza

REAL ESTATE: Data indicates lone 100,000 SF+ lease this year

JPMorgan Chase & Co.’s new lease for its banking and mortgage operations in Irvine looks to be the largest office lease reported in Orange County so far this year.

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Creative Types’ Drive for Open, Fun Spaces Fuels Trend

Traditional Industries Stick With Old-School Offices

SPECIAL REPORT - INTERIOR DESIGN & Construction: Ready at Dawn’s headquarters looks as much bar-and-game venue as office.