REAL ESTATE
Recent and archived news stories on: Apartments, Architecture, Brokers, Construction, Housing, Mortgages, Offices, Property Management, Realtors...
Kimberly-Clark Site Trades for $202M
REAL ESTATE: Fullerton getting new logistics hubOne of the largest industrial facilities in Orange County, a 1.2-million-square-foot property in Fullerton long home to paper goods manufacturer Kimberly-Clark Corp., has traded hands for $202 million.Newport Village: 299K SF
Developers Mx3 Ventures and MSM Global Ventures revised downward their development plans for nine acres in the Mariner’s Mile area of Newport Beach.
Angels Make $325M Deal With City
The tentative deal would keep the team in the city until 2050.
LoanDepot Hires CIO/CTO
Foothill Ranch-based lender LoanDepot named Sudhir Nair its Chief Information and Technology Officer.
Luxe Life Time Gym to Irvine
Irvine city filings show Minnesota-based LTF Holdings Inc. will bring a 125,000-square-foot fitness facility to the Great Park Neighborhoods.
Salas O’Brien Buys Again
Santa Ana engineering firm Salas O’Brien bought RMS Engineers in Richardson, Texas, on undisclosed terms. RMS does heavy industrial consulting in Texas for chemical; oil and gas; paper and pulp; and mining companies.
Clearview Sells Hawaii Hotel
Clearview Partners in Newport Beach sold a nearly 600-room Holiday Inn Express in Waikiki for $205 million.
Trumark Adds Commercial
Newport Beach-based homebuilder Trumark Cos. will develop office, multifamily and mixed-use projects under a new division.
Amazon Adds 322K SF Space
Amazon will open a 322,000-square-foot distribution hub in Mission Viejo.
William Lyon Homes: $2.4B
Taylor Morrison Home Corp. (NYSE: TMHC) has agreed to buy William Lyon Homes (NYSE: WLH) for cash and stock worth $2.4 billion, creating the fifth-largest U.S. home builder and developer firm.
Laguna Hills Mall Gets New Name, Plan
Transformation plans for the former Laguna Hills Mall continues with a new name and new uses.
Simons Give Chapman $9M
Chapman University received a $9 million commitment from the Simon Foundations during its annual Chapman Celebrates gala on November 2.
Pace Over Price for New Home Co.
Aliso Viejo homebuilder New Home Co. (NYSE: NWHM) is following through on its plan to focus on sales volume over price, shifting its home prices downward to capture growing demand for affordable housing.
Alteryx Chief Reaffirms OC Commitment
Dean Stoecker, the chief executive of rapidly growing data analytics company Alteryx Inc., says the firm’s recently announced move to another site in Irvine shows his business is committed to Orange County for the foreseeable future.
Harbor’s Haul: 2 Offices, $80M
REAL ESTATE: Buys pair from Equity Office
Harbor Associates LLC, a Long Beach-based real estate investor that does much of its work in Orange County, has made two of its largest deals in the region, buying properties in downtown Anaheim and Laguna Niguel for about $80 million combined.
Industrial Buyer in Second Leaseback
CenterPoint Properties bought a 202,000-square-foot industrial building in Santa Ana for $37 million.
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