REAL ESTATE: 628 units to Raintree Partners, $260K each
Laguna Niguel-based apartment and mixed-use property owner and developer Raintree Partners has bought a rental complex in Tustin in what appears to be the priciest apartment deal in Orange County in nearly six years.
Huntington Beach’s Pacific City shopping center has seen a change in ownership.
Report by Main Investor Lennar Gives Perspective On Aliso Viejo-Based Developer’s Valuation
FivePoint Communities Inc. can safely join the ranks of Orange County’s billion-dollar companies in terms of its valuation.
REAL ESTATE: 545,000 SF office takes shape on Jamboree
The largest office development planned for the market around John Wayne Airport in over a decade has moved from a concept to reality.
REAL ESTATE: Said to seek $200M for 7 buildings near 91
Panattoni Development Co. has put nearly a million square feet of its recently built industrial center in Anaheim on the sales block.
UST Global Offices Sold By LBA for About $33M
Dallas-based institutional investor Invesco Real Estate has added another big office in Aliso Viejo to its portfolio, its third reported purchase in the city in a little over a year.
REAL ESTATE: Would-be pioneer seeks engineers here
Elon Musk’s SpaceX has touched down in Irvine.
REAL ESTATE: 1st tenant at spec development takes 27,000 square feet
Irvine Company has landed a startup financial technology company with a brand-name backer as the first tenant at a pair of buildings the landlord is putting up at its Sand Canyon Business Center office campus.
REAL ESTATE: Former Irvine Co. exec on to own deal with Camino
Dan Young plans to go big with his next development venture.
4 OC-Based Builders In Mix for 522-Home Project
Rancho Mission Viejo LLC has announced the builders who will be selling the next set of homes at its massive development under way in South Orange County.
REAL ESTATE: Plans initial focus on office, retail projects
Kevin Hayes, the head of Lincoln Property Co.’s sizeable Orange County operations, has left the Dallas-based real estate investor and developer to start his own firm.
REAL ESTATE: Pays about $200M for nearly 161 acres
Toll Brothers Inc. has completed the purchase of a sizeable parcel of developable land at the Orchard Hills community in Irvine, adding to the company’s collection of high-end home sites in the city.
REAL ESTATE: Duffy parcel now in Moshayedis’ Coast Highway portfolio
The biggest property owners in the Mariner’s Mile area of Newport Beach have added another notable—and pricey—waterfront site as they continue an effort to revamp the high-traffic area.
Trojan QB’s Firm Eyeing 3.3 Acres Near Stadium
Spectrum Group Real Estate, an Irvine-based real estate investment and development management firm whose execs have connections to the University of Southern California, is planning to build a sizeable mixed-use property not far from the school’s campus south of downtown Los Angeles.
Zion’s $8.2M Buy Comes With Plans for Nonprofits
Western Growers Association, a trade association that represents farmers in California, Arizona and Colorado, has sold its Irvine headquarters near John Wayne Airport and relocated to another spot in the city.
REAL ESTATE: Capacity for equivalent of 1,300 homes
The latest upgrade to the Park Place mixed-use campus in Irvine is taking place behind the scenes, and in clean-energy jargon, behind the meter.
Aims to Follow Paséa, Spectrum Marriott With Art Deco Entry in LA
A 21-story, art deco-inspired hotel planned for the heart of Hollywood marks the latest chapter in R.D. Olson Development’s recent push into the high end of the hospitality market.
An affiliate of Irvine’s Pacific Hospitality Group is in deals for two AC Hotels—a 176-room property currently under construction at the Park Place mixed-use campus near John Wayne Airport and a recently opened location in Tempe, Ariz.—from Woodbine Development Corp. and USAA.
REAL ESTATE: Buys out co-investor’s 46% stake
A 2011 investment in the Las Vegas land development market by an affiliate of KBS Realty Advisors appears to be paying off for the Newport Beach-based company, although a recent add-on deal indicates that land prices in the gambling mecca remain well below peak levels.
REAL ESTATE: Would be 6th Sale of Office Since ’06
An Irvine office tower that holds the headquarters of Golden State Foods Corp. and other tenants is up for sale again in one of the largest transactions anticipated this year in the John Wayne Airport-area market.
REAL ESTATE: Estimates put Goodman Birtcher buy at $240M
Irvine-based developer Goodman Birtcher has bought a pair of massive distribution centers in Los Angeles County, including a property just over the county line in Santa Fe Springs, in one of the largest industrial acquisitions in Southern California in recent memory.
Site Next to Pumbaa Lot Among 10 Now in Works
You can add another name to the increasingly crowded list of proposed hotel developments in the area around Disneyland Resort in Anaheim.
Irvine-based developer Goodman Birtcher has bought a pair of massive distribution centers in Los Angeles County.
HQ Staying at For-Sale Google Center Campus
Irvine-based homebuilder TRI Pointe Group Inc. is moving its Southern California division closer to some of the projects it has under way on the Irvine Ranch.
Revenues Here Highest Since ’09, Backlog Down
Orange County’s largest commercial construction companies took in the most revenue since the Great Recession, although a shrinking backlog and ominous economic reports raise questions about the industry’s continued growth.
REAL ESTATE: Swift nabs 2 buildings next to Hyundai HQ
San Francisco-based real estate investor Swift Real Estate Partners has made its third acquisition in Orange County in as many years, getting a two-building office complex in Fountain Valley.
Nearly 3M SF Completed; Projects Spread Across OC
Orange County’s top commercial real estate developers posted their most active year of completed projects in a decade with a variety of sizeable product types opening across the region over the year ended April 30.
More Than 7,000 Rooms Proposed in Four Cities
The four Orange County cities with the heaviest volume of hotel construction are seeing a divergence in the type of properties being built there and the sorts of guests the hotels will target.
Let the guessing game begin as Dan Young gets set to step down from the Irvine Company.
Dan Young plans to step down from his executive position at Newport Beach-based Irvine Company at the end of the month.
$110M Apartment Deal Tops for Nashville Region
An affiliate of Irvine-based Steadfast Cos. has bought a big apartment complex in the suburbs of Nashville, Tenn., in what local news reports say is the priciest multifamily deal the area has ever seen.
REAL ESTATE: 12 of 55 luxe homes sold ahead of opening
Hefty price tags don’t appear to be stifling interest in the last big housing community slated for the Newport Coast community of Crystal Cove.
REAL ESTATE: Some $1.3B worth of deals in pipeline amid rising rents
The five-building Irvine office campus that holds the local operations of Google Inc. and others is up for sale, headlining an Orange County office investment market that’s seeing its heaviest activity in over eight years.
REAL ESTATE: PRES Cos. buys South OC complex
The Lake Forest headquarters of healthcare provider Apria Healthcare Group Inc. has been sold to a local real estate investor for $19 million.
SF-Based Investor Pays $216/SF for 10-Acre Site
The Santa Ana headquarters of Abbott Medical Optics has been sold to a San Francisco-based investor.
REAL ESTATE: Roughly $35M sale of 135-home portion of site
A portion of a former industrial facility in Costa Mesa’s Westside that’s slated for an infill housing project has sold in one of the larger land deals in the city in recent years.
REAL ESTATE: $1B CMBS offering could precede some big property buys
A new billion-dollar funding deal involving a portion of Irvine Company’s apartment portfolio raises the prospect that Orange County’s dominant real estate company could soon be on the lookout for acquisitions.
REAL ESTATE: $300M spree follows bond deal in Israel
A real estate investment trust run by Newport Beach-based KBS Realty Advisors, fresh off a $250 million bond offering in Israel, has made plans to spend nearly $300 million on an office property in downtown San Francisco and a portfolio of business parks in the Seattle suburbs.
Museum Closed in 2014, Sells for Nearly $1,500/SF
An office near Fashion Island shopping center that previously held the Newport Sports Museum has sold for what looks to be one of the highest recent prices for an office deal in Orange County per square foot.
Nexus’ Plan for 350-Room Entry on Katella Latest on Drawing Board
Nexus Development Corp. is the latest in a growing list of companies looking to build a hotel in the Anaheim Resort Area.
Broadcom, Toshiba Sites Among Offices in Play
The Irvine Spectrum office market is by most measures the best-performing submarket in Orange County these days: Empty space is scarce, a flock of new and expanding companies call the area home, rents are rising, and new development is in full bloom.
REAL ESTATE: New structure takes in projects from here to Bay Area
Aliso Viejo-based master developer FivePoint Holdings LLC is planning the next step in its evolution: becoming one of Orange County’s largest commercial real estate landlords.
$61 Million for Building Near Mall, Leased to FBI
The 4000 Metropolitan Drive office in Orange, a 183,000-square-foot building just off the Garden Grove (22) Freeway near the Outlets at Orange shopping center, has traded hands for the third time in six years in one of the largest local office sales so far this year.
Irvine Unit of Korean Firm To Pay $13.2M for Office
Spigen Inc., an Irvine-based maker of smartphone cases, screen protectors and related accessories, appears to be expanding its local operations after entering into a deal to buy an office in the Spectrum area.
Irvine-based smart technology company Greenwave Systems Inc., Orange County’s biggest recipient of venture capital funding this year to date, has signed a deal to move its headquarters to 200 Spectrum Center, the area’s newest office tower.
REAL ESTATE: 727-home project to feature six builders
The developer of Great Park Neighborhoods in Irvine is planning to launch its next phase of home development in early 2017.
REAL ESTATE: Georgia-based REIT also sells Brea property
Piedmont Office Realty Trust Inc. has sold its two Orange County office properties—in Irvine and Brea—for a combined $100 million.
Newport Beach-based real estate investor and developer Olen Properties Corp. has made its largest local purchase in nearly three years, buying a 15-building office park near John Wayne Airport.
Aliso Viejo-based FivePoint Communities Inc. completed a reorganization that gives it ownership of four of California’s largest master-planned communities, including Irvine’s Great Park Neighborhoods.
REAL ESTATE: 130,000-SF lease fills out State Fund building
The California Department of Transportation is moving its local operations from Irvine to Santa Ana after signing one of the largest new office leases reported in Orange County so far this year.