First OC Location For Netflix Show’s Firm
The Oppenheim Group, the luxury Los Angeles brokerage behind the popular Netflix series Selling Sunset, is expanding to Orange County with the opening of the firm’s second office, in Newport Beach.
Former NFL Player Part of Strattford
Local investment group Strattford Capital LLC headed by a former NFL player has acquired the 80-unit Woodside Garden Apartments in Tustin for $26M
603 Units Near City’s Zoo; To Open in 2022
Construction has begun on a major mixed-use project that will bring more than 600 apartments to the city of Santa Ana.
Among Top 50 Master Planned Communities
Irvine Co.’s Irvine Ranch and FivePoint Holdings LLC’s Great Park Neighborhoods made the John Burns Real Estate Consulting list of the 50 most successful master-planned communities in 2020, ranked by sales
$350M in 2020 Buys; Westminster, Anaheim
Irvine’s Advanced Real Estate Services Inc. was among Southern California’s most active multifamily investors in 2020, and certainly the busiest buyer in the area in the closing months of the year.
Second Batch Of Offices Completed
Irvine Co. said that it has wrapped construction on the second phase of its Spectrum Terrace office campus, which is currently 50% pre-leased following a pair of new deals.
SHOPPING CENTERS: Unique proposals for Anaheim mall
New plans are under consideration to revitalize portions of Anaheim’s GardenWalk, including accommodations that would serve a much different tourism base
REAL ESTATE: $80.6M for office near Saddleback
Orange County’s office investment market ended 2020 in good health, in particular for buildings focused on medical uses
Vaccines recently expanded to include residents age 75 and older
Return Home of Sorts For Company Founders
Irvine-based Bascom Group wrapped up 2020 with its largest commercial acquisition of the past year
FaceTime Closings; 3D Videos the Norm
Though the pandemic didn’t end up having a negative impact on luxury home sales pricing and volume in 2020, it certainly changed the way brokers handled business.
Richard Branson’s Space Tourism Co. Setting Up Base in Tustin
A billionaire-backed aerospace venture that aims to send wealthy tourists into space has touched down in Orange County.
40K-SF Creative Space; Luxe Movie Theater Nixed
LBA Realty is switching gears on plans for the former spot of the Sport Chalet, at the retail portion of its Park Place mixed-use campus in Irvine
Offshoot of Cruse’s Alpha Wave Investors
Soul Community Planet, a hospitality company launched in 2018 by former Sunstone Hotel Investors executive Ken Cruse, is in expansion mode with plans to invest north of $200 million in hotel deals and opportunities via a new investment fund.
REAL ESTATE: Landsea going public via SPAC
Landsea Homes, the fast-growing Newport Beach-based homebuilding arm of China real estate company Landsea Group, was launched from scratch seven years ago by one real estate executive who, at the time, had limited experience in the residential realm.
Storage Co. PODS Takes 167K-SF
Aliso Viejo-based Shea Properties ended 2020 with plenty of leasing activity at its just built Shea Business Center in Santa Ana, including signing on its largest tenant to date.
No Sign of Slowdown, Say Area’s Top Brokers
As Orange County closes on what by most indications was a banner year for luxury home sales, brokers are looking ahead to what’s to come in 2021.
REAL ESTATE: Mitsubishi old HQ to remain vacant
Amazon is expected to move into the former campus of Mitsubishi Motors North America Inc. in Cypress next July, following tenant-improvements currently underway at the 23-acre site.
REAL ESTATE: Philanthropy is a ‘fact’ for Irvine firm
Irvine-based FivePoint Holdings LLC is giving checks to each employee to be used for donations to a cause of their choice for the holidays