REAL ESTATE: Land buy, redesign for Birch Street project
A long-planned medical office development in the Santa Ana Heights area of Newport Beach is moving ahead following a recent sale of the nearly 4½-acre site and a redesign of the proposed project.
Prudential Real Estate Investors said it acquired a 75% stake in the Bella Terra Shopping Center in Huntington Beach.
The convicted bank robber who stole the identity—and a $1.4 million tax refund—of Irvine Company Chairman Donald Bren was sentenced to time served, restitution and supervised release, according to court records.
Prudential Real Estate Investors said it has acquired a 75% stake in Huntington Beach's Bella Terra Shopping Center.
REAL ESTATE: Plans indicate office on par with project now in works
The Irvine Company is considering doubling down on its high-rise office development plans in the Irvine Spectrum.
Buys Arts District Land in LA for Reported $130M
Master developer SunCal Cos. is starting to make big waves in its backyard again.
REAL ESTATE: High-density, mixed-use projects eyed for sites
Officials with the city of Irvine have expressed concern over massive commercial development plans proposed for a pair of county-owned land sites totaling about 144 acres next to Orange County Great Park.
REAL ESTATE: Plans biggest makeover yet after $44.3M buy
The purchase of Kawasaki Motors Corp. U.S.A.’s Irvine headquarters is the keystone in a redevelopment plan by Bixby Land Co. that could top $70 million when the costs for a makeover of the existing building and an adjacent parcel of land are considered.
REAL ESTATE: NYC buy highlights push for additions away from home
The Irvine Company has added two hometown office towers to its property management portfolio in the past year and has an even larger project moving ahead in the Irvine Spectrum, consolidating its role as Orange County’s dominant real estate owner.
REAL ESTATE: Retail, eatery to join doctors
A prominent medical office building on one of the more eclectic streets in Newport Beach is about to get a big makeover.
Limited New Construction Anticipated This Year
Large holes of space in Orange County’s biggest and best office buildings are quickly filling up, particularly near John Wayne Airport, and area brokerages say few development projects are in the pipeline to boost supply.
Add Reinvention, Real Estate to His Resume
Gary Jabara has overseen two successful business startups, one major business reinvention, and a big commercial real estate buying spree—all in a little over 10 years.
Leasing Activity Picks Up, Sales Volumes Still Strong
A sharp increase in leasing activity, continued strength in the for-sale market, and the effects of industry consolidations propelled Orange County’s largest commercial brokerages to a banner year in 2014.
$45.1M for 220-Unit Complex in Emeryville
Add Irvine-based Bascom Group LLC to the growing list of Orange County real estate companies spending big in the Bay Area recently.
Palmieri, Tyler to Move From Century Centre
Palmieri, Tyler, Wiener, Wilhelm & Waldron LLP is the latest local law firm that’s figuring out how to use less space for its operations.
REAL ESTATE: $100M+ Deals Already Top 2014’s
2015 has the makings of a blockbuster year for large real estate deals, based on the first few months of transactions in Orange County.
Money Shifts From Industrial, Multifamily
Deep-pocketed office investors flocked to Orange County last year looking for attractive investment yields while also betting on the market’s potential for rental growth over the next few years.
1.7 Million SF Near Angel Stadium Would Include Luxe Hotel, Condo Tower, Surf Park
A Chinese developer has proposed a mixed-use project next to Angel Stadium that could rival L.A. Live in downtown Los Angeles in terms of scope and variety of uses.
Great Park Project Nears Irvine Co. on Lot Prices
Lot prices for the latest batch of homebuilding at Great Park Neighborhoods don’t appear to be cheap.
New Home, Commercial Pick Up Some of Slack
Business for Orange County’s largest title insurers plummeted last year as refinance activity significantly declined.
Toll Brothers Bullish On Irvine, Lake Forest Sites
Hidden Canyon, the newest high-end, new-home community in Irvine, had about $50 million in sales in less than a month after its opening, according to the project’s developer.
127 Acres Along 55 Freeway Could Fetch Up to $250M
A handful of real estate developers have teed up big-dollar bids to gauge members’ interest in selling the Santa Ana Country Club.
Fairfield Residential Plans Mix of For-Sale, Rentals
Los Angeles-based Kilroy Realty Corp. has completed the long-planned sale of a former industrial site on Von Karman Avenue in Irvine where a residential project is slated to go up.
REAL ESTATE: $112 million would be highest price since 2013
A spate of apartment development going up on Jamboree Road in Irvine doesn’t appear to be scaring off investors looking for existing complexes in the same area.
ARTS: Sale, price of current location could be trimmed
Plans to relocate the Orange County Museum of Art to a new facility at the Segerstrom Center for the Arts in Costa Mesa are moving forward despite uncertainty over the fate of the museum’s current location in Newport Beach.
Bethesda, Md.-based DiamondRock Hospitality Co. bought the Shorebreak Hotel in Huntington Beach for $58.5 million, or nearly $373,000 per room.
Bethesda, Md.-based DiamondRock Hospitality Co. said it has bought the Shorebreak Hotel in Huntington Beach for $58.5 million.
REAL ESTATE: Four offices total 365,000 square feet
Menlo Equities LLC has added four more offices to its already sizable holdings in Foothill Ranch and Lake Forest, in a pair of acquisitions valued at more than $60 million.
REAL ESTATE: Top builders in area combine to top 4,000 mark in 2014
More than $3.5 billion was spent on new homes in Orange County last year as the area’s busiest builders reported the most sales here in a decade.
REAL ESTATE: Gets low-rises in SoCal, 10-story Dallas office
Recent deals for three low-rise offices in Southern California capped off an active couple of months for Newport beach-based Buchanan Street Partners, which has also added a 10-story office in Dallas to its portfolio of recent investments.
Clarion, Pacific Industrial Buy Site From Greenlaw
Land in Brea that once held an RV storage facility is on the fast track to hold one of the city’s largest new industrial buildings.
Less Risk, Fast Sales Appeal to Publicly Traded Firms
Orange County’s largest masterplanned developments are driving a bulk of the recent new-home sales in the region, but plenty of builders are also finding success buying land for residential projects off the beaten path.
Irvine Ranch, Pavilion Park, RMV Counter Nat’l Trend
Sales at Orange County’s best-selling masterplanned residential developments showed no signs of slowing last year and are poised for more growth this year, despite a cooling trend across much of the country.
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.
$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.
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.
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.
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.
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.
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.
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.
Chicago-based Strategic Hotels & Resorts Inc. bought the Montage Laguna Beach for $360 million, the hotel investor said.
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.
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.
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.
Chicago-based Strategic Hotels & Resorts Inc. has bought the Montage Laguna Beach for $360 million, the Chicago-based hotel investor said on Thursday.
Strategic Hotels & Resorts Inc. has bought the Montage Laguna Beach for $360 million, the Chicago-based hotel investor said on Thursday.
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.
Silicon Valley Portfolio Now Tops 4 Million SF
Irvine Company has made another pricey office investment in the Silicon Valley city of Santa Clara.