School Will Cover Lease Termination Costs
The largest operator of student housing at University of California-Irvine is letting tenants there get out of their lease without penalty, according to news reports.
HOSPITALITY: JW Marriott delayed; some 50 hotels closed
Occupancy levels across numerous Orange County hotels have sunk to single-digits as a result of travel restrictions, causing many to temporarily shutter their doors to save on operating costs.
Programs for Residential, Commercial Tenants
Orange County’s largest real estate owner adjusted its business model for residential and commercial properties in response to coronavirus concerns.
REAL ESTATE: Sale of Montage, Ritz-Carlton in flux
As Orange County loses its visitor pool, a base that averages north of 4 million tourists per month, it’s also losing a pool of investors as dealmaking comes to a halt.
Brokers Responding To COVID-19 Restrictions
The recent push to social distance Americans from each other has had a unique effect on all types of businesses, including the residential brokerage market, which relies on face-to-face interaction to showcase homes and close sales.
EF Education First Plans New Campus
EF Education First has closed on the former Trinity Broadcasting site in Costa Mesa that will ultimately hold a new international education campus.
REAL ESTATE: Beckman Center nearing full occupancy
Prologis Inc., the country’s largest owner of warehouse and distribution properties, has leased two of the three large, newly built buildings it owns at Beckman Business Center, with those deals topping half a million square feet of space.
REAL ESTATE: 270K-SF project along Barranca
Add plans for a sizeable new creative office project to Irvine’s busy development docket.
Lakeshore Location In Irvine Tops for SoCal
WeWork has opened a new Irvine location near John Wayne Airport that it says is its largest coworking spot in Southern California.
1st Home for Sale in 5 Years; Asking $10M
One of only eight homes on the Balboa Island community of Collins Island in Newport Beach has hit the market.
Newport Beach Offices Part of Deal Activity
Buchanan Street Partners has had a busy start to the year, with transactions including the company’s first Orange County acquisition in six years.
$60M For Top 3 Homes
Brokers have pointed to a resurgence in activity for luxury homes in 2020, and that’s evidenced by the top three home sales to trade thus far this year.
2020 East Marketed As Owner-User Opportunity
Harbor Associates LLC, a Long Beach-based real estate investor that does much of its work in Orange County, is looking to sell one of its larger local properties.
Cumulative Volume Falls 7%; Buyers Demand New Product
Down 7%, still tops $465M
TOURISM: No. 2 ACC event on hold; stock hits
Coronavirus vs. tourism
$41M for 116-unit Terra at Tustin
One of Orange County’s top apartment investors is bolstering his portfolio in Tustin.
Largest Commercial Project For Westminster in Years
R.D. Olson Construction has begun work on a mixed-use project described as a “social hub and cultural landmark” in Westminster’s Little Saigon district.
Nervous Buyers, Overly Optimistic Sellers
A cautious buyer pool contributed to a drop-off in commercial real estate sales activity in Orange County last year.
Full-Building Office, Industrial Leases Increasingly Common
The motto for companies looking for space in Orange County last year?
Not Just Ziggurat Being Considered
As the federal government considers the sale of a dozen properties across the country, it’s not just the massive Chet Holifield Federal Building in Laguna Niguel that’s being considered in Orange County.
$250M+ Project; Partnering with Contour
Shopoff Realty Investments is quickly expanding into the hospitality sector, both in and out of Orange County.
RETAIL: Gyms now; office, residential later?
Life Time Inc. is helping to pump up Orange County’s retail market.
Future of Iconic Laguna Niguel Facility in Question, Once More
$300M highest and best
DEVICES: OC holdings now run 1.6M SF
RSM device maker keeps buying buildings
$60M Price Tag, 225K SF, 18 Acres
An Anaheim retail property home to Home Depot’s largest West Coast outlet has hit the market, with a price tag of $60.7 million.
REAL ESTATE: $42M for Taj Mahal buy
Healthcare Realty Trust Inc., a medical office-focused real estate investment trust valued at about $5 billion, has expanded its area holdings with the purchase of the Taj Mahal building in Laguna Hills.
‘First of its Kind in OC’; Similar Models for Homes
As residential brokerage websites like Zillow and Redfin up their online home selling platforms, a growing new service largely known as iBuying, one Orange County firm is looking to bring the instant-offer model to the commercial real estate world.