REAL ESTATE
Recent and archived news stories on: Apartments, Architecture, Brokers, Construction, Housing, Mortgages, Offices, Property Management, Realtors...
FivePoint CEO Expects More Irvine Entitlements
REAL ESTATE: $328M sale; affordable housing focusPotential for seeking additional residential entitlements at Irvine’s Great Park Neighborhoods to increase affordable housing availabilityNano Banc Gets Order from Fed Reserve
Agency gives bank 10 days to name CEO, CFO
Red Mountain Ends 2021 With Nearly $60M in Local Deals
$25M Buena Park Return; $33M Garden Grove Sale
Red Mountain paid $25 million, or about $240 per square foot, for the center at the intersection of Lincoln Avenue and Valley View Road, property records indicate
DJM’s Local Shopping Center Spree Nears $200M
Adds MV’s Gateway Center After LBX Buy
DJM Capital Partners continues to be bullish on local retail properties; has been involved in nearly $200 million of local acquisitions over the past few weeks
Irvine Cove Beachfront Home Trades for $43M
No. 2 priciest OC deal for 2021
Orange County’s luxury market wrapped 2021 with another blockbuster home sale: the $43 million sale of 2431 Riviera Drive in Laguna Beach
Industrial Interest Drives Office Sales in 2021
Amazon, Rexford Lead Charge for Infill Spots
Orange County’s office market was an active one for big-dollar sales in 2021, with a half-dozen deals topping $100 million
CoreLogic Names Interim CEO
Dodd takes over as Martell becomes board chairman
McDonald Property Gets Clearance for Ontario Development
198-Acre Airport Site In Line for Industrial
Industrial developer McDonald Property Group of Newport Beach has landed a long-term deal to develop and oversee a large new project next to the city of Ontario’s airport
Los Alamitos Government Office Trades for $26.5M
12.4-Acre Site Likely To See Housing Project
Federally owned office property on 12.4-acre site in Los Alamitos called Poplar Plaza has been sold to a local developer and entitlement firm known for its urban infill residential work
Retail’s Return: $160M For LB Exchange
Record sale for Burnham Ward Properties
PGIM Real Estate recently closed on the purchase of Long Beach Exchange, also known as LBX, for nearly $160 million
Shopoff Pays $65M For Fountain Valley Land
Homes likely for 18.6-acre site
$65 million land buy in Fountain Valley for Shopoff Realty Investments has capped off an active year of real estate deals for Irvine-based developer
Fullerton Towers Office Complex Trades for $45.5M
Barker Pacific, Kingsbarn JV
Fullerton Towers trades hands for $45.5 million, becomes the most expensive office sale reported in Fullerton for 2021
Prominent IBC Site in Line for Industrial Project
Former Home of Deft Sells for $26M
Unused for several years, a nearly 6-acre, older industrial site in Irvine now appears to be in line for new industrial development following a $26 million sale
OC Apartment Sales End 2021 on High Note
Trio of New Complexes Trade For More Than $180M Each
November and December were a peach of a time for Atlanta-based apartment investors in Orange County, marking an end to a blockbuster year for mega-deals in OC’s multifamily industry
Lack of Coastal Inventory Prompts Homebuyers to Look South
Dana Point, San Clemente to see uptick
Dana Point and San Clemente. becoming more popular as lack of coastal luxury inventory in Orange County is translating into shifting buyer trends
OC Investors Cash in on San Diego Hotels
Pair of La Jolla Sites Sell for $334M Combined
OC hotel investors in a selling mood of late in the La Jolla area of San Diego, with a pair of transactions this month bringing in $334 million
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