REAL ESTATE

Recent and archived news stories on: Apartments, Architecture, Brokers, Construction, Housing, Mortgages, Offices, Property Management, Realtors...

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.

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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Korean Buyer For 2 Luxe Resorts?

HOSPITALITY: Ritz, Montage trade expected

A South Korean financial services group has emerged as the likely buyer for two of Orange County’s poshest coastal resorts, which could trade hands for $900 million or more on a combined basis.

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Investor-Developer Forming $3.3B REIT

Irvine-based Steadfast Cos. will merge three non-traded real estate investment trusts into one entity with $3.3 billion in assets, including 71 properties across 14 states.

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Parcel Pending: New President

Irvine-based Parcel Pending named former Greenwave Systems CEO Greg Memo its president, replacing Brad Farmer.

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Buyer Reveal: Trout Gets $9M NB Digs

Los Angeles Angels of Anaheim centerfielder Mike Trout paid $9.2 million for a Newport Beach home.

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Tech Coast Angels Sells Stake

An off-market secondary sale of Tech Coast Angel’s stake in Marina del Rey-based LeaseLock closed last week.

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424K-SF Lease in La Palma

Quiet Logistics leased a 424,000-square-foot industrial building in La Palma.

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Intracorp: More OC Units

Intracorp closed on an Irvine parcel that will hold 178 apartment units. It's also building in Fullerton.

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Growing Law Firm Hits Irvine

San Diego-based civil litigators Tyson & Mendes have opened an OC office in the Irvine Business Complex under managing partner Richard Somes.

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PeopleSpace Aims Big With New Name, Investor

DESIGN: Furniture firm reshapes: $200M goal

Jesse Bagley’s been in OC’s design-build industry for a quarter century, but he’s good with few knowing his name.

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UCI Looks to Boost On-Campus Housing

EDUCATION: Nearly 4,000 new units proposed

The University of California-Irvine is looking to boost its on-campus housing allowance, adding nearly 4,000 apartments for undergraduates and graduate students.

Irvine Warehouse Could Be Seized

COWORKING: CubeWork’s first OC location in doubt

The future of Orange County’s first big coworking site for warehouse users appears to be in flux, after the owners of the prominent building in Irvine that’s home to the shared-space facility were caught up in a federal tax evasion scheme that made national headlines last week.

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Brea Corporate Park on Block

A seven-building office complex on Imperial Highway in Brea is for sale.

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