Orange County Business Journal

2017 Preview: REAL ESTATE

Is the clock ticking on Orange County’s real estate market?

By Mark Mueller December 19, 2016 midnight share »

PIMCO Plans More Property Buys with New Fund

Pacific Investment Management Co. has raised more than $800 million in recent weeks for a new fund that will invest largely in real estate-oriented assets.

By Mark Mueller December 12, 2016 midnight share »

Hines in Line to Buy New Broadcom Campus

The local office of real estate investment and development firm Hines Interests LP (see related story, page 4) has emerged as the likely buyer of the massive office campus being built for Broadcom Ltd. in Irvine.

By Mark Mueller December 12, 2016 midnight share »

OC’s Collection of Food Halls Making Their Mark

A new retail brokerage report has given credence to Orange County’s growing status as a foodie haven, particularly when it comes to hip food halls.

By Mark Mueller December 12, 2016 midnight share »

62% Price Bump in $41.2M Sale of Tustin Apartments

The 165-unit Vio Apartments complex in Tustin has sold for the third time in five years in what looks to be a big markup in price from its last two sales.

By Mark Mueller December 5, 2016 midnight share »

QLogic to Sell HQ In Aliso Viejo, Lease in Spectrum

The new Silicon Valley-based owner of QLogic Corp. is moving the networking products maker’s local operations from Aliso Viejo to an office building under construction in the Irvine Spectrum.

By Mark Mueller December 5, 2016 midnight share »

Toshiba Closes Irvine Sale, Eyes New Space

The U.S. operations of Japan-based Toshiba Corp. should maintain a sizeable presence in Irvine following the sale of the company’s main local campus in the city, real estate sources say.

By Mark Mueller December 5, 2016 midnight share »

$73.4M for Office Campus in Cypress

The largest office campus in Cypress has sold to a big New York-based investor.

By Mark Mueller December 5, 2016 midnight share »

The Source Preps for Opening at Beach and Orangethorpe

Lynwood-based developer M&D Properties is gearing up for the opening of The Source, its big mixed-use development in Buena Park.

By Mark Mueller November 28, 2016 midnight share »

Bixby Land Swings Back to Industrial

Bixby Land Co., one of the area’s most active developers of creative-office space, is putting more of its money into Orange County’s industrial market.

By Mark Mueller November 28, 2016 midnight share »

Sperry Commercial Adds Former Irvine Mayor to Mix

Sperry Commercial Global Affiliates LLC, an Irvine-based commercial real estate brokerage that started operations this summer, has hired the former mayor of its hometown to beef up its presence in Asia.

By Mark Mueller November 21, 2016 midnight share »

‘Flight’ Plan Set for Creative Campus

Orange County’s first ground-up creative-office campus looks likely to break ground in mid-2017 under terms of an agreement between the city of Tustin and the developer of the project, which is called Flight.

By Mark Mueller November 21, 2016 midnight share »

Village at Orange Fetches $84.5M

An investor from San Diego has bought the Village at Orange shopping center in one of the largest reported retail deals in Orange County this year.

By Mark Mueller November 21, 2016 midnight share »

South Coast Metro Office Sells to SD Investor

One of the high-end office buildings in the Hutton Centre mixed-use campus in Santa Ana has been sold to an investor from San Diego.

By Mark Mueller November 21, 2016 midnight share »

Recently Built Placentia Apartments Sell for $44M

Union Place, the first big apartment complex to be built in Placentia in over a decade, has sold.

By Mark Mueller November 21, 2016 midnight share »

Burnham-Ward’s Next Retail Act Set for LB

The developer behind the South Coast Collection shopping center in Costa Mesa is gearing up to break ground on a hip retail project near Long Beach Airport.

By Mark Mueller November 14, 2016 midnight share »

IE Billionaire in Deal For Google Campus in Irvine

A billionaire from the Inland Empire has acquired the five-building office campus in Irvine that holds the local operations of Google Inc. and others in what appears to be the largest office deal in Orange County in several years.

By Mark Mueller November 14, 2016 midnight share »

E-Commerce Drives Industrial Demand in OC

Amazon.com’s recent entry into Orange County’s industrial market is the clearest example yet of the growing role that e-commerce is having on the area’s warehouse and distribution building base.

By Mark Mueller November 14, 2016 midnight share »

Invesco’s Aliso Viejo Offices in Line for Battery Boost

Dallas-based institutional investor Invesco Real Estate is using its office holdings in Aliso Viejo for the initial rollout of a cutting-edge energy storage project that it plans to expand to other parts of its sizable real estate portfolio in the U.S. over the coming years.

By Mark Mueller November 14, 2016 midnight share »

Kaiser Commits to CT’s Healthcare Campus in AV

CT Realty Investors has added another notable name to the lineup of companies preparing to occupy space at the 25.6-acre healthcare campus it’s developing in Aliso Viejo.

By Mark Mueller November 7, 2016 midnight share »

Amerige Heights Rentals in Fullerton Sell for $115M

Amerige Pointe, one of the largest apartment complexes in Fullerton, has a new owner.

By Mark Mueller November 7, 2016 midnight share »

Ralph’s Allumbaugh: OC Civic Leader, Newport Beach Resident

Byron Allumbaugh, a longtime chief executive and chairman of Ralphs Grocery Co. who counted deep ties to Orange County’s business community, passed away over the Oct. 29 weekend. He was 84.

By Mark Mueller, Michael de los Reyes November 7, 2016 midnight share »

99 Ranch Backs Up Expansion Plan With Big Buy in Buena Park

The owner of Asian-themed grocery store chain 99 Ranch Market has bought a large distribution facility next to its headquarters in Buena Park in one of the priciest industrial sales in Orange County this year.

By Mark Mueller November 7, 2016 midnight share »

From Fee Builder to Fastest Grower

You can add another first to the resume of TRI Pointe Group Inc., a homebuilder whose growth over the past seven years is among the most rapid of any Orange County company on record.

By Mark Mueller October 31, 2016 midnight share »

J.C. Penney Lists Massive Buena Park Facility for Sale

J.C. Penney Co. has put its massive logistics and distribution facility in Buena Park on the market and plans to relocate operations to a smaller site in the Inland Empire.

By Mark Mueller October 31, 2016 midnight share »

Auto Dealership Moves Ahead at Former Nabisco Site

A 4-acre development site in Buena Park that once was part of a larger Nabisco food manufacturing facility has seen a change in ownership.

By Mark Mueller October 31, 2016 midnight share »

Chapman, Blizzard in Talks for Spectrum Offices

Chapman University is looking to relocate and expand the presence of its Brandman University affiliate in the Irvine Spectrum through two real estate transactions likely to top $60 million combined.

By Mark Mueller October 24, 2016 midnight share »

Foreign Capital’s 2-Year OC Real Estate Push Tops $2B

Beijing-based Anbang Insurance Group Co.’s recent purchase of two of Orange County’s premier resort properties—Montage Laguna Beach and The Ritz-Carlton, Laguna Niguel—has pushed foreign capital’s investment in the local commercial real estate market past the $2 billion mark over the past two years, according to a new research report by brokerage JLL.

By Mark Mueller October 24, 2016 midnight share »

LBA Eyes Toshiba Campus on Heels Of Park Place Sale

LBA Realty, fresh off the highly profitable sale of a portion of its holdings in the Park Place mixed-use campus in Irvine, now has its eyes on another sizeable property in the city for a potential investment.

By Mark Mueller October 24, 2016 midnight share »

Anaheim Concourse Buildings Sell For $188M

Real estate investment adviser Bentall Kennedy has made one of the largest industrial acquisitions ever in Orange County, buying close to a million square feet of recently built space in Anaheim.

By Mark Mueller October 17, 2016 midnight share »

Harbor Associates Ramps Up OC Acquisition Push

A startup investment and development group based in Long Beach that focuses on creative-office conversion projects has made its largest investment yet in Orange County, for a three-building property in Tustin.

By Mark Mueller October 17, 2016 midnight share »

Great Park Sports Park Readying for Users, Revenue

The first phase of Great Park Sports Park already appears to be paying dividends, in revenue earmarked for the city of Irvine next year.

By Mark Mueller October 17, 2016 midnight share »
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First American Buys TD Service Financial

Santa Ana-based title insurance firm First American Financial Corp. has bought TD Service Financial Corp. of Orange on undisclosed terms.

By Mark Mueller October 11, 2016 10:18 a.m. share »

Deloitte Renews Lease at Park Tower in Costa Mesa

Deloitte LLP, the largest accounting firm in Orange County by employee count, has re-upped the lease on its local offices in Costa Mesa.

By Mark Mueller October 10, 2016 midnight share »

Manulife Adds Irvine Office to Airport-Area Holdings

Financial services company Manulife Financial Corp. has added another office to its real estate investment portfolio near John Wayne Airport.

By Mark Mueller October 10, 2016 midnight share »

San Jose Investor Buys Surf City Rentals for $60M

An apartment investor in Silicon Valley has snapped up a big rental complex in Huntington Beach, extending its acquisition push in Orange County since the start of the summer past the $130 million mark.

By Mark Mueller October 10, 2016 midnight share »

Tall Reputation, Top Rents at 200 Spectrum

Wireless infrastructure firm Crown Castle International Corp. is the latest big lessee signed for the 200 Spectrum Center tower in Irvine, where top floors appear to now boast the highest rents of any space in the city.

By Mark Mueller October 10, 2016 midnight share »
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Shopoff Realty Buys in Las Vegas, Chicago Top $100M

Shopoff Realty Investments in Irvine has paid in excess of $100 million for an apartment complex in Las Vegas and a pair of commercial buildings in Chicago.

By Mark Mueller October 7, 2016 10:08 a.m. share »
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Bascom Sells Denver Apts for $350M

Bascom Group LLC in Irvine has sold one of its larger apartment properties, a 1,523-unit complex in Denver, in what local reports said is the priciest deal for a rental property in that city.

By Mark Mueller October 7, 2016 10:03 a.m. share »
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Platinum Triangle Developer in $255M JV with China Fund

The Texas developer planning to build one of the larger apartment complexes in Anaheim’s Platinum Triangle has entered into a $255 million venture with a private equity fund from China to finance the project.

By Mark Mueller October 7, 2016 10 a.m. share »

Curious Commodity Case Crops Up in Irvine

An unassuming industrial building in the heart of the Irvine Business Complex appears to be playing a part in an international trade caper that purportedly stretches from China to New Jersey to a desert in Mexico.

By Mark Mueller October 3, 2016 midnight share »

The Dirt at One Broadway

One Broadway Plaza, the long proposed 37-story Santa Ana office tower that would be Orange County’s tallest building, is slated to approach nearly 500 feet when it’s built.

By Mark Mueller October 3, 2016 midnight share »

Hines Adds Land to Raytheon Campus Holdings

The local division of Houston-based Hines Interest LP has bought the ground under one of its larger Orange County office properties.

By Mark Mueller October 3, 2016 midnight share »

LBA Nears Sale Of Industrial for $1.5B

Irvine-based real estate investor LBA Realty is close to making its largest deal in more than a decade with a blockbuster sale of a large portion of its industrial portfolio.

By Mark Mueller September 26, 2016 midnight share »

TA Realty’s South Coast Metro Offices Up for Sale

Boston-based TA Realty has put up for sale a pair of eight-story offices it owns in the South Coast Metro area of Santa Ana, according to area brokers.

By Mark Mueller September 26, 2016 midnight share »

Shopoff Eyes Residential In Downtown Anaheim

Shopoff Realty Investments is looking to convert a nearly 21-acre industrial property in downtown Anaheim into a major residential development with more than 500 homes, townhomes and apartments.

By Mark Mueller September 26, 2016 midnight share »

Amazon’s Prime Now Sets Up Near Airport

Amazon.com has quietly signed a lease for an industrial building not far from John Wayne Airport that appears poised to be a linchpin in the online retailer’s growing base of same-day delivery services in the area.

By Mark Mueller September 26, 2016 midnight share »

CalSTRS Gets Rockwell as Tenant in Irvine

A San Francisco-based investor backed by funds from the California State Teachers’ Retirement System has bought a two-building office complex in Irvine in a deal believed to have topped $60 million.

By Mark Mueller September 19, 2016 midnight share »

Lennar Preps New Homes at Great Park Neighborhoods

The first batch of home sales at Great Park Neighborhoods’ Parasol Park in Irvine appears to be kicking off a few months earlier than initially expected.

By Mark Mueller September 19, 2016 midnight share »

Developer Takes On ‘Rusty Skeleton’

A land development company in Los Angeles County has bought the “Rusty Skeleton,” a long-abandoned construction site in Garden Grove that it plans to turn into a senior housing and retail project.

By Mark Mueller September 19, 2016 midnight share »

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