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 firstname.lastname@example.org.
Phone: 949-833-8373 Extension: 226
164,000 SF for Amazon, Takes Ericsson Space
Tasseography followers, take note: Amazon appears to be a fan of Irvine Co. office properties.
Distribution Site Top Q3 Industrial Lease
Amazon hasn’t selected Orange County for its massive HQ2 project, as far as we’ve heard.
Tustin College Campus Eyes Private-Sector Users
Tustin Legacy is doubling down on office development, and now has an eye on education and job training for the region’s next generation of tech workers.
REAL ESTATE: Details, plan of deal for iconic site unclear
The sale of the iconic Hotel Laguna to a group of prominent Orange County business executives and community leaders is being challenged in court by the Laguna Beach hotel’s operators, who claim they were illegally deprived of the opportunity to buy the 65-room property.
2-Year Growth of 208%; New Affordability Focus
A slowly improving U.S. housing market has boosted most large national homebuilders’ sales and bottom lines over the past few years.
TECHNOLOGY: Device accessory firm eyes ‘transaction’
Incipio Group is changing its skin.
REAL ESTATE: Family biz back after Goodman stint
Birtcher Development LLC is back in business, minus the Australian accent.
REAL ESTATE: Retailer in 15-year lease-back
The local office of development and investment firm Hines has made another notable office acquisition in North Orange County, buying the Anaheim headquarters of Pacific Sunwear of California Inc.
$117 Million Jump In Price Tops in California
Emmes Group of Cos.’ ownership of the Michelson office tower in Irvine from 2009 to 2012 was said in a recent market report to be the shrewdest office investment in the state in recent years.
Irvine Co. Would Fund 8M-SF Project, L-T Lease
The city of Irvine is pulling out all the stops to land Amazon’s second headquarters, including an offer from Irvine Co. to fully finance the development of the 8-million-square-foot project, which would be largely built on its Spectrum-area land.
Top-Floor Lease Follows Tarsadia Deal in Newport
Sunstone Hotel Investors Inc. is the latest hospitality company getting a prime view at one of Irvine Co.’s new area office towers.
Willowick Golf Course Key Part of 10Msf Plan
A cluster of Central Orange County cities plan to throw their hats in the ring to get e-commerce giant Amazon’s second headquarters.
Yorba Linda CareFusion Ops Moving to Spectrum
One of the biggest medical device firms in Orange County plans a major expansion and hiring push after signing a deal to move its local operations from Yorba Linda to an office project being built in the Irvine Spectrum.
REAL ESTATE: Contractor takes Money Mailer’s old headquarters
Southland Industries, one of the country’s largest mechanical, electrical, and plumbing systems contractors, is stepping up its presence in its home of Garden Grove.
REAL ESTATE: Diamond Jamboree owners invest
The land underneath the Newport Beach Tennis Club has been bought by a prominent area retail developer.
REAL ESTATE: Student housing a focus for $1.1B REIT
Ladera Ranch-based SmartStop Asset Management LLC, one of the country’s most active investors in the self-storage industry, is looking to tackle a new sector of the real estate market: student housing properties next to schools with big football programs.
Shea Properties Sells Site To Brookhollow Group
Shea Properties has sold one of two large offices it built and owned at its 40-acre Vantis mixed-use campus in Aliso Viejo.
Based in Irvine Office Of CRE Brokerage
Cushman & Wakefield Inc. has named a former executive of Irvine-based auction firm Ten-X LLC to run its Orange County and Inland Empire offices.
REAL ESTATE: 500 acres in SoCal; nearly $74M price cited
Orange-based wholesale and retail plant and tree growing business Village Nurseries, which owns more than 500 acres in Southern California, is nearing a court-overseen sale to a Texas-based firm.
Campus-Centric Target Store Opened in Summer
Irvine Co. has landed Amazon after all.
REAL ESTATE: Peter’s Landing sells for $33M
Peter’s Landing Marina, a retail and office property on Pacific Coast Highway overlooking Huntington Harbour, is in line for a makeover after being acquired by an upstart investment firm in Irvine.
Olson’s Lido, Irvine Hotels Prep to Open
A mid-September tour of the under-construction Lido House Hotel in Newport Beach has turned into an impromptu architectural design review for Bob Olson.
REAL ESTATE: $232M combined price for recapitalization
Laguna Hills-based Muller Co., in a recapitalization deal valued at nearly $232 million, has brought on a new financial partner for three area high-rise offices it owns and operates.
Irvine-based Pacific Hospitality Group has sold of one of its high-end hotel properties, Bacara Resort & Spa in Santa Barbara County.
$83M Sale of Madrid To 2nd San Mateo Investor
Two San Mateo-based apartment investors have swapped ownership of a big rental complex in Mission Viejo: 230-unit Madrid on Los Alisos Boulevard, just south of the 241 Toll Road.
REAL ESTATE: Complaint follows Business Journal report
One of the most prominent industrial buildings in the area around John Wayne Airport, the 2323 Main St. building in Irvine, now has a for-lease sign up after years of turning away potential tenants.
REAL ESTATE: AT&T site in Pasadena; DTLA KBS tower
Newport Beach real estate investors Saunders Property Co. and KBS Realty Advisors are cashing out of a pair of office towers in Los Angeles County to the tune of $441.5 million.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.”
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.
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.
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.
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.