Mark Mueller

News Editor/Reporter

Mark Mueller covers commercial and residential real estate for the Orange County Business Journal. His beat also includes title insurers and mortgage lenders, as well as government stories that relate to real estate. He can be reached at

Phone: 949-833-8373 Extension: 226

Recent Stories

$106M for Largest La Palma Office Complex

Greenlaw, Westbrook JV Buy 10-Building Campus

Centerpointe La Palma, the largest office complex in North Orange County, has traded hands in a $106.1 million deal.

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Bren Adds Clout to Irvine Amazon Bid

City’s Proposal Not On Top of Pundits’ Lists

At first glance, Irvine’s attempt to woo Amazon for the e-commerce giant’s second headquarters carries about the same long odds as Larry Agran’s quixotic presidential bid in 1992.

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KBS Realty Looks to Asia for Latest REIT

REAL ESTATE: SGX offering would follow Tel Aviv debt

KBS Realty Advisors appears to be going out-of-country again to raise money for a new real estate fund.

Olen Adds 9-Story NB Tower

3rd Big Office Sale in City Since August

Olen Properties Corp. has added a prominent office tower in its hometown of Newport Beach to its growing real estate portfolio.

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IRWD Sells Serrano Summit, Keeps Anaheim Rentals

Says Bascom Bid Of $131M Far Off Mark

This month’s sale of the 82-acre Serrano Summit development site in Lake Forest is the most expensive reported land sale in Orange County this year.

RSI Adds to Texas Pipeline, Gets OK for 1,500 Homes

Plans 35 Communities In SoCal, Texas This Year

Newport Beach-based RSI Communities LLC has added another large development site in Texas to its growing homebuilding portfolio.

Lake Forest Land Sells for $177M

Serrano Site to Lennar; LandSea Sells Some Land to KB Home

Two of the largest residential development sites in Lake Forest have changed hands within a few days of each other in a pair of land transactions valued at nearly $177 million combined.

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Beer Mecca: ‘Brewing District’ Eyed in Anaheim

120-Room Hotel Also on Tap, 92,000 SF of Retail

A Los Angeles-based developer wants to turn a roughly 13-acre site near the Anaheim resort district into a Disneyland of sorts, for beer lovers.

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Irvine Co. Making Serious Push for Amazon HQ2

The Irvine Co. said it’s making a serious push to bring Amazon to Irvine for the e-commerce giant’s second headquarters, and has enlisted its former No. 2 executive to lead the project.

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Key West Lands 2nd Big OC Investor in a Month

Passco Apartment Buy Follows Sunstone Deal

It’s a nearly 2,900-mile trip from Orange County to Key West, Fla., site of the southernmost point in the continental United States.

Anaheim Distribution Building Brings Top Dollar

REAL ESTATE: DCT buys former PacSun facility for $56M

A real estate investment trust in Denver has bought a big distribution center in Anaheim in one of the most expensive deals on record for an older industrial property in North Orange County.

Irvine Slow-Growth Measure Targets Area Developers

BALLOT BOX: Similar to Costa Mesa; aiming for ’18 vote

A slow-growth ballot measure has been proposed for Irvine, which if passed would quickly put a chill on development for Orange County’s third largest and fastest-growing city.

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Familiar Names Buy Broadcom Campus

REAL ESTATE: Starwood, Rockpoint invest in Irvine site

Regulatory documents are shedding a bit more light on FivePoint Communities Inc.’s blockbuster purchase of Broadcom Ltd.’s four-building, 73-acre campus under construction at Great Park Neighborhoods in Irvine this month.

No Model, No Problem

Brisk Sales in Irvine, Even Without Them

This month’s grand opening of a collection of three new home types at Irvine’s Eastwood Village community had a bit of a carnival atmosphere, with an assortment of food trucks, balloons for children, and other giveaways for the more than 1,000 people who braved the summer heat.

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Tofu Maker Doubles Down on OC Presence

House Foods Unit Aims for $89M in Annual Sales

House Foods America Corp., a Garden Grove-based manufacturer of tofu, noodles and other Asian-influenced food products that’s seen a surge in business the last decade, has bought an office next to its headquarters for what looks to be a potential expansion of its local operations.

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Plans for Mixed-Use Project in Little Saigon Unveiled

Hotel, Apartments, Retail And Festival Street Eyed

Plans for a big mixed-use development in the Little Saigon area of Westminster have been unveiled by the project’s local design team.

CoreLogic GC to Leave

Stergios “Terry” Theologides, general counsel and secretary of CoreLogic Inc., will leave the Irvine-based real estate real estate data and research company next month.

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KBS Realty’s Office Spree Heads to Portland and S.C.

Under Contract For $155M Deal in Oakland

KBS Realty Advisors and affiliates continue to hunt for sizable office properties across the country for sale, with nearly $250 million worth of notable deals announced this month.

Garden Grove Plots Ambitious Hotel Growth Plan

Projects Could Grow Bed Taxes by 21% in 5 Years

Garden Grove economic development officials promote their city in marketing materials as “Southern California’s undiscovered jewel.”

The Source Developer Plans Residences

REAL ESTATE: 5-story project, 16-story tower proposed

The developer of The Source, Buena Park’s largest commercial real estate development in over a decade, now has its eyes on residential development in the city.

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Man Bites Dog: Irvine Co. JWA Office Park for Sale

REAL ESTATE: Complex built in 1975, totals 81,551 SF

In a rarity, Newport Beach-based Irvine Co. has put an office property it owns in Orange County up for sale.

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SF Investor’s Lake Forest Buys Likely to Top $110M

Drawbridge Gets HQ of Panasonic Avionics

San Francisco-based commercial real estate investor Drawbridge Realty has made its second Orange County office purchase in as many years, picking up the Lake Forest headquarters of Panasonic Avionics Corp.

Veritone Takes AI-Centric Business to Costa Mesa

New HQ at The Met Follows May IPO

Artificial intelligence technology and media firm Veritone Inc., fresh off an initial public offering in May that raised $37.5 million, is moving its headquarters to a larger space in Costa Mesa.

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Industrial Deal Puts Sears’ OC Sales Near $228M

LBA Buys Big Industrial Site on Warner For $41M

An affiliate of struggling retailer Sears Holdings Corp. has sold a second sizable Orange County property in less than a month, the Business Journal has learned.

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San Clemente Site Looks to Add Hotel, Restaurants

Land Next to Outlets Mall Trades for $10 Million

A long-awaited hotel project at San Clemente’s Marblehead Coastal property appears to be taking steps toward construction.

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FivePoint Goes Commercial With $443M Irvine Deal

REAL ESTATE: Broadcom site renamed; Irvine Co. model eyed

FivePoint Communities Inc. has completed the blockbuster $443 million purchase of Broadcom Ltd.’s campus where construction is wrapping up in Irvine.

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JLL Adds Laguna Hills Appraisal Office to Local Mix

Deal for Integra Its 4th OC Buy Since 2014

Chicago-based JLL, whose Irvine office is one of the largest commercial brokerages here, has added an Orange County-based appraisal office to its operations in its latest area acquisition.

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No Land, No Problem For Developer Western Realco

$40M in Buys Kick Off 1-Million-SF Beckman Project

Western Realco isn’t the only game in town right now when it comes to industrial development in Orange County.

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Mapping Technology Firm Moving Irvine HQ to URP

REAL ESTATE: Digital Map move follows VC funding, buy

The latest technology tenant that Irvine Co. has landed to replace Broadcom Ltd. at University Research Park shouldn’t need help with directions to its new headquarters.

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Office Buzz on Monster Buy: $58M Deal With Greenlaw in Newport

The top two executives of Corona-based Monster Beverage Corp. are about to add a trophy office in Newport Beach to their rapidly growing commercial real estate portfolio in Orange County.

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Olen Continues Rental Push in ‘Booming’ Markets, $600M Since ’14

Igor Olenicoff, the owner of Newport Beach-based real estate firm Olen Properties and Orange County’s third-wealthiest person, is keeping his company on the growth path locally and out of the area.

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Irvine’s Great Far East Looks to SGV for Latest Deal

Diamond Bar Value-Add Office Trades for $27.3M

Irvine-based real estate investor and developer Great Far East has its hands full getting a big office and hotel development next to John Wayne Airport through the entitlement stages, but it still found time this month to snap up one of the best office properties in the San Gabriel Valley city of Diamond Bar.

Sunstone Buys Key West Resort

Aliso Viejo-based Sunstone Hotel Investors Inc. has paid $175 million for a newly-built resort property in Key West, Fla.

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OC Soccer’s Reboot

REAL ESTATE: OCSC caps busy year with new home

James Keston will cap a whirlwind first year of sports ownership under the bright lights by moving his club into Orange County’s newest stadium.

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Luxe Deal: South Coast Plaza Buys Out Sears

$187M for Several Sites at Costa Mesa Mall

The owners of South Coast Plaza have bought back a large chunk of property at the Costa Mesa shopping center from department store operator Sears Holdings Corp., the Business Journal has learned.

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Glendale Latest LA Hotel Site Eyed By R.D. Olson

147-unit ‘Hotel Louise’ Near Americana Center

Newport Beach-based R.D. Olson Development plans to build another hotel on an infill site in Los Angeles County, this time in Glendale.

Investors Make Medical Deals Near Hoag-Newport

REAL ESTATE: Welltower adds 2nd new area medical office

A pair of healthcare-related properties in the vicinity of Hoag Memorial Hospital Presbyterian in Newport Beach have changed hands in separate transactions valued at close to $63 million together.

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CSUF Student Housing Site Eyed for Renovations

Dana Point Investor Nabs OC Apartments

Fullerton University Village, a 100-unit student housing community within walking distance of California State University-Fullerton, has been sold to a Dana Point investor that’s planning a renovation of the 45-year-old property.

Lennar Latest With Plans for Downtown Anaheim

REAL ESTATE: Just-bought site entitled for 161 for-sale homes

Lennar Corp. has bought a sizeable infill housing development site in downtown Anaheim, in what looks to be the homebuilder’s largest purchase in the city in several years.

Tustin Creative Offices Take Flight

8 Buildings, Food Hall in 1st Construction Phase

Construction has started on Orange County’s first substantial ground-up creative-office project in Tustin.

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Irvine Co.’s Placentia Rental Sale Tops in OC for Year

REAL ESTATE: 3rd local sale, $104M Fairfield buy

Irvine Co. has sold its only known commercial holding in Placentia and one of the largest apartment complexes in the city in what’s apparently Orange County’s biggest rental property sale of the year to date.

Behr Expands Santa Ana Ops in Year’s Biggest Office Lease

REAL ESTATE: 230,000-SF lease at old Powerwave HQ

Behr Process Corp., a Santa Ana-based manufacturer and supplier of architectural paint and exterior wood care products that’s one of the largest employers in its hometown, is planning a big expansion of local operations.

Luckey’s Huntington Beach Buys Lead to Litigation

Brokers Say Deal Cut Them Out of Commission

Palmer Luckey’s recent purchase of a marina in Huntington Beach hasn’t gone over well with two brokers who claim they were stiffed on their commissions for a related portion of the transaction.

Costa Mesa’s Press Project Moves Closer to Kickoff

REAL ESTATE: Former LA Times site to hold 2 new offices

Redevelopment of the former Los Angeles Times printing plant in Costa Mesa into Orange County’s largest creative-office reuse project could begin in earnest early next year, with ground-up development of two new offices at the iconic property taking place in future phases of construction.

Japan’s Nikken Eyeing Another Office Sale in Irvine

Paid $10.3M in ’14; Now On Market For 57% More

Nikken Inc., a Japanese health and nutritional product maker with local operations in Irvine, could be on the move again, depending on the results of the sale of its Orange County office.

Carpet Co. Closure to Result in Big IBC Dealings

REAL ESTATE: Turner, Edwards seen as likely buyers

This month’s abrupt closure of Royalty Carpet Mills Inc. should result in several large real estate transactions, and possibly commercial development, in the area around John Wayne Airport.

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Anaheim’s Stadium Towers Sell For Nearly $77 Million

REAL ESTATE: CBRE unit buys 12-story tower next to ballpark

An office tower next to Angel Stadium in Anaheim has traded hands for just under $77 million, the priciest reported sale of a Central Orange County office in over three years.

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Home Builder, Parks Protector

Sons, Son-in-Law Help Run Company

Three generations of the Baldwin family have been part of one of the region’s largest homebuilding and real estate development businesses, with operations stretching from San Diego County to Ventura County over the years.

Savills Studley Grabs Marquee Tower for Local Ops

Lease at 520 Newport Ctr. Will Consolidate 2 Sites

Getting an affordable deal on office space at Newport Center’s newest and glitziest tower is unlikely, but if anyone was going to drive a bargain with Irvine Co. for space there, it would probably be a tenant representation brokerage.

Savills Studley Grabs Marquee Tower for Local Ops

Lease at 520 Newport Ctr. Will Consolidate 2 Sites

Getting an affordable deal on office space at Newport Center’s newest and glitziest tower is unlikely, but if anyone was going to drive a bargain with Irvine Co. for space there, it would probably be a tenant representation brokerage.