Calvary Chapel Buys in Anaheim Hills, JD Pierce in Chapman Heights
COMMERCIAL
Reflecting its more aggressive management and marketing regime, the Koll Center Irvine office complex is being renamed Irvine Center Towers. The new name follows the January hiring of Transwestern to handle the property management and leasing of the 900,000-square-foot complex.
“Along with a new name, Transwestern will undertake an aggressive repositioning of the asset in order to make it one of the top Class A properties in Irvine,” said Greg May, vice president for Transwestern Commercial Services. The firm will install new signage, landscaping and lighting and upgrade common areas, among other things, he said.
The 18.5-acre business park is in the heart of the Airport Area at the San Diego (405) Freeway and Von Karman Avenue. The office and retail space includes four 11-story office towers, a 24-Hour Fitness Club, Prego restaurant and a five-level parking garage.
The complex was built between 1983 and 1988. AC Martin designed the park, which includes waterfalls and a reflective lake.
Shea Family Honored
The UCI Graduate School of Management Program in Real Estate is honoring the Shea brothers with a lifetime achievement award.
John, Edmund and Peter are the third generation of Sheas to make the construction industry their life’s work.
The brothers will receive their award this Wednesday as part of the program’s conference at the Four Season Hotel, which will run from 7:30 a.m. to 11:30 a.m. Ann Bamesberger, director of the workplace effectiveness group at Sun Microsystems Inc. will be the keynote speaker. For more information on the conference, call (949) 824-1147.
Past winners of the lifetime achievement award include Donald P. Kennedy, Ronald E. Birtcher, Henry T. Segerstrom, Gen. William Lyon and last year’s winner, the Edwards family.
John, Edmund and Peter Shea’s grandfather founded the family business in 1881 in Portland, Ore. That company participated in the construction of the Golden Gate Bridge, Hoover Dam, the Washington Metro and BART subway systems, and the U.S. interstate highway system.
John, Edmund and Peter literally grew up in the family business. During their teenage and college years, they began working in the family business, gaining their start in the physical labor of building a building from the ground up.
By 1958, the brothers had taken leadership roles in J.F. Shea Co. Their “family” business is now one of the nation’s largest privately held construction companies.
The Shea company has continued to focus on building infrastructure, building highways, dams and pipelines throughout Southern California.
In 1968, the company expanded into homebuilding. Brea-based Shea Homes Southern California is the third-busiest residential builder in Orange County, having sold 585 units in 2000. With 266 employees, Shea Homes’ scope stretches beyond OC, with residential communities in five states.
Meanwhile, Aliso Viejo-based Shea Properties is the No. 16 ranked commercial developer in Orange County. Notable OC projects include Ocean Ranch Village, Town Center Corporate Park, Huntington Seacliff Shopping Center and Vantis, a project under way in Aliso Viejo.
Here Comes the Calvary
Calvary Chapel of Placentia has purchased a 52,960-square-foot campus-style office in Anaheim Hills. The freestanding building is within the 360,000-square-foot Canyon Corporate Center campus at 5605 E. La Palma Ave. Built in 1976, the office park features office, flex-tech and industrial buildings.
Calvary Chapel paid $4.5 million for the building, which it will convert into a church.
Steve Batcheller, Ben Seybold and Mark Friend of CB Richard Ellis’ Anaheim office represented the seller, TriNet Essential Facilities XXIII. Forrest Wilder, also of CB’s Anaheim office, represented Calvary Chapel.
RESIDENTIAL
Irvine-based JD Pierce Co. has thrown its hat in the ring at the masterplanned community of Chapman Heights, buying 63 4,000-square-foot lots from Anaheim Hills-based Communities Southwest, the master developer of Chapman Heights.
Mac O’Donnell, Mike Hunter and Paul Grover of the Costa Mesa-based O’Donnell/Atkins Co. represented both parties in the transaction.
