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 availability

Nano Banc Gets Order from Fed Reserve

Agency gives bank 10 days to name CEO, CFO

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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

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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

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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

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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

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CoreLogic Names Interim CEO

Dodd takes over as Martell becomes board chairman

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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

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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

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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

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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

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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

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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

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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

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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

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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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