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Space As a Service

OC Coworking Firms Add Large Users, Square FootagePepsiCo Inc.’s decision to quietly move a good portion of its western U.S. operations to Irvine’s 2-year-old The Boardwalk office campus along Jamboree Road is a testament to the growing, and changing, role that shared space operators play in Orange County’s business community.

HCP Bets Big On Boston

Irvine-based health facilities REIT HCP Inc. (NYSE: HCP) is buying a 224,000-sqaure-foot life sciences building in Cambridge, Mass., for $332.5 million. The deal closes in December.

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Cloudvirga Plans to Hire 50

Irvine-based Cloudvirga plans to add 50 employees over the next year following its move to UCI Research Park.

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Prologis Buys 12 Acres for $40M

San Francisco-based industrial developer Prologis (NYSE: PLD) paid $40 million for a 12-acre site in Anaheim.

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Mechanics Bank Completes Rabobank Purchase

Mechanics Bank said it completed its acquisition of Rabobank, N.A., a subsidiary of Rabobank Group, for $2.1 billion.

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Buchanan Street Adds in Colo.

Buchanan Street Partners bought an apartment complex in Colorado Springs.

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PacSun Could Take DTLA Space

Pacific Sunwear of California is said to be planning a new store in downtown Los Angeles.

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Santa Ana ‘Cannabis Complex’ Breaks Ground

RETAIL: Terra Tech site runs 45,000 SF

Terra Tech Corp. (OTC: TRTC) hopes a soon-to-be-built facility in Santa Ana will make the area a Disneyland of sorts for the cannabis crowd.

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JLL: Tech Leasing Still Strong Locally

Big Blocks of Space Focused Near JWA

Commercial real estate brokerage firm JLL has figured out a new way to show the strength of tech-related office space leasing in Orange County.

Landsea Homes Doubles Up in Ontario

334 Homes Planned; 2021 Opening

Newport Beach-based Landsea Homes is the latest local homebuilder looking to boost sales of lower-priced houses in the Inland Empire.

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New Dawn For 6AM Site in LA?

SunCal Project Inks Trade Agreement

There are signs of life for a high-profile downtown Los Angeles project being overseen by Irvine’s SunCal Cos.

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Costa Mesa Marriott Nears Sale

Host Hotel Says Deal Imminent

Shortly after selling the Newport Beach Marriott Bayview in the largest local hotel sale in nearly a year, Host Hotels & Resorts is looking to unload another local property.

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Real Estate Deals

Sales of offices, industrial buildings, retail space and apartments

Grieder Managements purchased a retail building from Albertsons Cos. for $10.3 million, or $237 per square foot.

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Landsea Goes Large on Inland Investment

Newport Beach-based Landsea Homes bought 334 lots at Ontario Ranch, and 8,200-acre master plan near Interstate 15 and the Pomona (60) Freeway.

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Irvine Co. Promotes Three

Irvine Co. promoted a trio of executives who report directly to Chairman Donald Bren at Orange County’s dominant real estate firm.

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Local Fitness Companies Bulk Up Annual Sales

SERVICES: Five among 100 biggest

Orange County’s cluster of fitness chains pumped up their sales last year, according to data from trade publication Club Industry.

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