Orange County Business Journal

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New Day for Newmark

Brokerage Born Out of Grubb’s BK Has New Financial Footing

SPECIAL REPORT - COMMERCIAL REAL ESTATE UPDATE

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More Irvine Co. Apartments Expected on Silicon Valley Site

Tech Tenant’s Move Makes More Apartments an Option

Santa Clara office site bought by Irvine Company likely to be turned into another apartment complex by the developer, in Real Estate

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East Coast Mogul Adds to Stake Here in Starwood-LNR Deal

REAL ESTATE: Picks up LNR Commercial, part of Auction.com

East Coast mogul adds to OC stake in Starwood-LNR deal

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Legal Challenges: Big Firms Trend Toward Trims on Space

Still Favor Trophy Buildings; Make Room for Move-Ups

Legal challenges: big firms trend toward trims on space

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Sunstone Sell 4 Hotels in Minnesota

Aliso Viejo-based Sunstone Hotel Investors Inc. said on Friday that it has entered into agreements to sell a four-hotel portfolio in Rochester, Minn., for $230 million.

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CoreLogic Pays $78M for Underwriting Software Maker

Irvine-based CoreLogic Inc. said it paid $78 million for a Middletown, Conn.-based maker of underwriting software.

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CT Realty Busy on Industrial Projects Here and There

600,000 SF Under Way in IE; Remodel at Spectrum

CT Realty busy on industrial projects here and there, in Real Estate

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CapRock Buy in Placentia Part of Spree for 2013

REAL ESTATE: Irvine firm set $75M benchmark for 2013 buys

Real estate investor CapRock buys six-building portfolio in Placentia as part of an investment spree

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AT&T’s 200,000-SF Anaheim Office on Market

Employees at Downtown Building to Other OC Sites

AT&T Inc. is putting its regional HQ office in downtown Anaheim on the sales block

Stradling Stays in Newport Center With New Lease

REAL ESTATE: New deal for 66,000 SF at longtime HQ

Stradling Yocca Carlson & Rauth P.C., the largest law firm based in Newport Beach, will keep its headquarters in Newport Center after signing a sizable new office lease.

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Tri Pointe IPO Could Set Pace for Builders

Tri Pointe Homes LLC in Irvine looks to be the first of several privately held home builders in the area that could tap the public markets to help fund land purchases.

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25-Acre Raytheon Campus in Fullerton Sold

Hines, Oaktree Team Up to Get 2 Buildings, 405,000 SF

25-acre Raytheon Campus in Fullerton sold

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Shimano Files for 48,600-SF Expansion in Spectrum

Looks to Add to Warehouse at 100,000-SF Building

Shimano files for 48,600-square-foot expansion in Spectrum, in Real Estate

Real Estate: Kevin Baldridge

Irvine Company Leads Apartment Trend—By Design

BUSINESS PEOPLE OF THE YEAR: Real Estate: Kevin Baldridge

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Fast Grower Hits Brakes With BK

MANUFACTURING: Audio firm overstated sales to SEC

AuraSound Inc., a maker of high-end speakers and other audio products, files for Chapter 11 bankruptcy protection

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Pair of North OC Shopping Centers Fetch $55.3M

REAL ESTATE: SD investor also eyes Surf City property

A pair of shopping centers in North Orange County have been bought for a combined price of $55.3 million by a San Diego investor that is also eyeing another property in Huntington Beach.

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Central OC Office Peregrine’s First Local Buy

REAL ESTATE: NB firm hits “sweet spot” in $18.6M deal

Newport Beach-based Peregrine Realty Partners makes first buy in Orange County

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Fullerton Deals Carry Apartment Trend to North OC

REAL ESTATE: Market marches on as two deals come to $68.8M

Fullerton deals carry apartment trend to North Orange County

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Sale in Tustin Raises Bar for Apartments

REAL ESTATE: Complex tops $400,000 per unit, among best prices in 2012 for sizable developments

Recently built Tustin apartment complex trades hands at one of the higher per-unit prices seen in the region of late

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Accretive Realty Adds Medical Office in Aliso Viejo

Purchase Follows Deal for San Clemente Office

Accretive Realty Advisors Inc. makes another local purchase with Aliso Viejo office buy, in Real Estate

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Wm. Lyon Homes HQ to MacArthur Court

REAL ESTATE: Move from Von Karman expected in April

William Lyon Homes Inc. signs deal for new headquarters at MacArthur Court

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Hines Stays in IBC for Latest Office Acquisition

REAL ESTATE: Adds another 126,000 SF in airport area

Latest buy of Hines Interests LP’s Irvine office is former headquarters of Westcliff Medical Laboratories Inc.

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$38 Million Move in Platinum Triangle

REAL ESTATE: $120M in deals since October, pared-back plans point to post-recession reset

Owner of recently acquired Platinum Triangle apartment complex set to build more apartments on adjacent land

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Clothing Company Set to Expand Into Krystal Koach HQ

APPAREL: AST pays $12.75M for 113,851 SF in bankruptcy sale

Anaheim-based AST Sportswear Inc. plans to move its headquarters next year after recently purchasing a new office in Brea

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KBS Buys Office Buildings in Houston for $36.3 Million

REAL ESTATE: $116/SF deal follows $68.5M purchase there

KBS Realty Advisors adds to fast-growing portfolio with pair of Houston office buildings

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Pac Life-Backed Apartment Towers to Sell for $300M

Newport Beach Insurer Helped Fund Construction

Chicago apartment towers partly owned by Pacific Life Insurance Co. set to sell for $300M, in Real Estate

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William Lyon Buys Village Homes in Colorado

REAL ESTATE: Denver area among healthiest U.S. markets

William Lyon Homes Inc. buys assets of Denver-area homebuilder

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Q1 Start for Long-Awaited Anaheim Concourse

REAL ESTATE: 15-building industrial project has $160M cost

Panattoni Development’s local office plans to break ground on more than 1.6 million square feet of Anaheim industrial space in the next few months

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Latham & Watkins Affirms Tower Home Through ’25

Reduces Space From Top Four Floors to Top Three

Latham & Watkins LLP, Orange County’s fifth-largest law firm by attorney count, has renewed its lease at Center Tower in Costa Mesa in the Real Estate column.

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Coming Soon: Renewed Development Activity

2013 PREVIEW: Real Estate

2013 PREVIEW: Real Estate - Construction is set to move ahead at several long-delayed development sites across Orange County next year, the latest sign of life in the area’s real estate market.

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More Apartments Eyed in Platinum Triangle

REAL ESTATE: Shopoff Group in deals for 13 acres, reworks plans

Development plans for a pair of adjoining parcels in Anaheim’s Platinum Triangle are being reworked to hold more apartments at the expense of office and hotel projects once envisioned for the properties.

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Texas Investor Buys Orange City Square

REAL ESTATE: Price likely tops $80M; more SoCal deals expected

Granite Properties, a Plano, Texas-based real estate investor, has bought the Orange City Square office complex and has plans for more local deals.

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NGK Plugs Into Smaller Space in Irvine Spectrum

Company Has Had Irvine Presence for 30-Plus Years

Local operations of Japan-based NGK look to be moving to a smaller location in the Irvine Spectrum, in Real Estate

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Uptown Project Stirs Spate of Objections

REAL ESTATE: Nearby property owners, developers among critics

A proposed mixed-use development in Newport Beach that could feature several residential towers is seeing its share of criticism

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Laguna Hills Mall on Retail Makeover List

RETAIL: City expects $55M revamp to mirror surrounding “Urban Village”

Owners of the Laguna Hills Mall are said to be planning a redevelopment of the 847,000-square-foot shopping center

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Manufacturer of Thermal Products Warms to Fullerton

CGR Leases 91,116 SF in Move From Placentia

Manufacturer B/E Aerospace Inc. is moving a local operating division from Placentia to Fullerton, in Real Estate

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Irvine Company Buys Platinum Triangle Land for Apartments

REAL ESTATE: 6.2-acre site across from Angel Stadium

Irvine Company has bought an industrial property in the Platinum Triangle, where the real estate developer plans to build a new apartment complex.

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Irvine Co. to Add Houses to Cypress Village

REAL ESTATE: Innovations include shared driveways

Irvine Co. to break ground early next year on for-sale homes in North Irvine

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Register’s Owner Puts Freedom HQ in Irvine Up for Sale

MEDIA: Seeks $5.2 million for 2 buildings; execs shift to Santa Ana

Freedom Communications Inc. has moved its corporate executives into the daily newspaper’s offices in Santa Ana and put its one-time headquarters and another building in Irvine up for sale.

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UK Defense Contractor to Consolidate Division at New HQ in Irvine

REAL ESTATE: Workers to shift from South County, New Hampshire

Meggitt PLC is relocating its sensing and monitoring systems operations to new divisional headquarters in Irvine

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Business Park’s Condo Sales Up Under New Owners

Took Over 28 Unsold Units in 11-Building Property

Business park’s condo sales are up under new owners, in Real Estate

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Wal-Mart Marches Into Retail Breach

Chain takes vacated big-box sites for superstores, markets

Fitness centers helped pump up shopping centers across Orange County during the past year, taking over empty space left behind by shuttered big-box retailers including Mervyns and Circuit City.

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Dreams Arise

1M SF in Completions, Groundbreakings Aplenty Likely in ’13

More dreams of development should translate into groundbreakings next year

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Kilroy Was Here? Also Might Sell OC Office Properties

Disclosure Follows Word of Looming Industrial Sales

Sale of Kilroy’s OC industrial portfolio might not be only local disposition in works for the company, in Real Estate

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SF Investor to Put Platinum Triangle Parcels Up for Sale

REAL ESTATE: Approvals in place for 400 units near Angel Stadium

BRE Properties plans to put nearly 7.5 acres in Anaheim’s Platinum Triangle on the market for sale

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Sharp Gets 32,500 SF in Lakeside Tower

REAL ESTATE: Offices moving from HB

Tokyo-based consumer-electronics company Sharp Electronics Corp. has inked a 32,500-square-foot lease for office space in Santa Ana’s Lakeside Tower

SEC Charges Electronic Game Card Execs with Fraud

The Securities and Exchange Commission claims that executives of a defunct electronic game card company based in Irvine repeatedly lied to investors about the company’s operations and financial condition.

SEC Charges Electronic Game Card Execs with Fraud

The Securities and Exchange Commission claims that executives of a defunct electronic game card company based in Irvine repeatedly lied to investors about the company’s operations and financial condition.

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Koll Center Building Listed for Sale at $22.4 Million

68,425-SF Property Sits Across From Pacific Club

Koll Center building listed for sale at $22.4 million, in Real Estate

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N.B. Firm Gets South Bay Industrial Portfolio

REAL ESTATE: Alere Property adds nine fully leased buildings

Newport Beach-based Alere Property Group gets South Bay industrial portfolio