Katie Murar

Staff Reporter

Email: murar@ocbj.com
Phone: 949-833-8373

Recent Stories

Santa Ana’s Two MacArthur Tower Trades for $98M

18% premium for Santa Ana office last sold in 2019

Deal marks a sign of confidence for the local high-rise office market, as it represents an 18% premium for the seller

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Super 73’s New Ride

Expanding E-Bike Maker Taking Over Irvine Space From Anduril

Expansion needed as Super73 revenue doubled in 2020, and is expected to double again this year

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Auto Parts Maker Inks 105K-SF Brea Lease

Expands, Relocates Tustin HQ to North County

AMP Research inked a 104,915-square-foot industrial deal that nearly doubles the company’s OC footprint with 10-year lease

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Balboa Island Home Trades for $9.5M

Constrained Inventory For Bay-Front Properties

Eight homes priced between $10.6 million and $33.9 million sold last month for a total sales volume of $139.5 million

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The Pull of The Press: Medical Office Sees Bump in Value

Former Cooking School Converted After ’19 Sale

Meridian’s move to convert vacant building near one of OC’s biggest office developments into a medical office property has paid off

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Waterford Pays $206M for 2 Orange Rental Complexes

Adds to essential housing push

Waterford involved in eight large apartment complex acquisitions totaling 2,022 units and more than $1.2 billion in Southern California since the end of 2020

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Oil Spills Into OC’s Tourism Market

HOSPITALITY: Leak impacts events, economy

Last week’s oil spill sent an estimated 126,000 gallons of heavy crude oil into the Pacific Ocean near the Huntington Beach coastline

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Buchanan Street Adds to Texas Apartment Portfolio

900 Units in State Bought Over Past Year

Firm is bullish on growing markets like Texas and Colorado as OC multifamily market has not been a source of deals as of late

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IPO Underscores Rivian’s Real Estate Footprint

5M SF of Owned, Leased Properties for EV Firm

Rivian has been rapidly expanding its real estate portfolio inside—and outside—of Orange County since relocating its headquarters from Michigan to Irvine last year

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Goodman Pays $128.3M For Cypress Office Park

Industrial eyed for site near Katella Avenue

Goodman Group plans for industrial project development after purchase of one of the largest business parks in the city of Cypress

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Midday Stock Roundup

STAAR Surgical down 8%

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Intracorp Breaks Ground on 1st IBC Rental Project

178 Units Planned For 2055 Main St.

Fourth development in the Irvine Business Complex for Intracorp, leasing expected to begin in summer of 2023

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Koll Co. Profits Off $55M of Industrial Transactions

Investment Swing Continues For Irvine Developer

Company spent north of $100 million in the sector this past year, adding 700,000 square feet to its West Coast portfolio

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Office Parks in Flux

Industrial Developer Rexford Plots a Waiting Game After $192M of Local Buys

Rexford Paid $192 million for a trio of Central Orange County properties, in one of the largest commercial real estate acquisition pushes seen locally this year

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Midday Stock Roundup

Vizio up on favorable Barron's report

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Toolmaker’s Orange HQ in Line for Industrial Development

$31M of New OC Buys For LA’s Staley Point

Investors continue to be bullish on Orange County industrial opportunities, with redevelopment plans underway for a 3-acre parcel in Orange

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Anaheim’s Apartment Lure Continues: $146.5M for Oasis Complex

$470K Per Unit; Next To Canyon Metro Station

Anaheim continues to be Orange County’s hub for blockbuster multifamily deals this year

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High-End Home Market Remains Tight, Sellers Consider Price Hikes

Low Inventory Prompts More Bidding Wars

Low inventory coupled with low interest rates and strong demand for homes in Orange County has created the perfect storm for patient sellers

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Khoshbin Co. Snaps Up Former Trinity Building

Plans for education campus scrapped

Sale marks the latest chapter to the campus, which has seen canceled plans and several ownership changes over the past four years

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Woodside Credit Floors It

Auto lending firm surpasses $2B in volume

Woodside Credit has collected a growing base of car-loving customers as pandemic brought in more interest for auto travel

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Midday Stock Roundup

GAN Ltd. down 7.8%

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WaBa Grill to Move HQ to OC

Restaurant Chain Buys Anaheim Office

WaBa Grill to ramp up OC footprint after a record year in 2020, with total system sales up 3%

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All Fun and Games for P&P Imports

Consumer Goods Distributor Surpasses $100M in Revenue

Real estate expansion in the works as the now 50-employee operation continues to grow; reported $104 million in 2020 revenue

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CapRock Starts Large Spec Project in Phoenix

Logistics Campus Will Span 3.4M SF

Newport Beach-based CapRock Partners recently started development on what it’s calling the largest speculative industrial real estate project on record for the city of Phoenix

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Midday Stock Roundup

Viant Technology down nearly 10%

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Pimco to Buy Office REIT in $2.2B Deal

6M SF in Portfolio Of Columbia Property Trust

Recent push by Pimco to grow its private strategies platform, which includes opportunistic real estate equity and private lending efforts

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Flying Taxi Company Overair Doubles Santa Ana Footprint

109K-SF lease; new Butterfly design

Further expansion planned for local footprint in the coming years as Overair ramps up vehicle operations and increasing hiring

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San Clemente Estate Trades for $34M

2nd Among OC Sales; Near Casa Pacifica

Second-priciest reported home sale in Orange County this year, trailing the $41 million deal in March for 28 Midsummer in Crystal Cove

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Glidewell Laboratories Adds to Portfolio, Via Lease

Former Ceradyne Spot; New Asset of BLT

OC’s largest dental products maker is continuing to grow its real estate portfolio of owned—and leased—properties around John Wayne Airport

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Biden Announces New Vaccine Mandate

Rule applies to private sector, healthcare and federal workers

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Mike McKee Keeps TGR Foundation up to Par

Philanthropy Drive

McKee perhaps best known locally as Donald Bren’s right-hand man as the one-time chief executive of the Irvine Co.

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Apollo Completes Acquisition of New Home Co.

Scottsdale-based homebuilder now private company

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Irvine Co. Reports Success in Flex Office Leasing

750K SF in Leases Over Past Year

Flex Workspace office leasing program that launched pre-pandemic, offering shorter-than-normal lease terms for tenants, is seeing robust demand as companies adjust to pandemic changes

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Tait & Associates Aims to Shape County’s Future

SERVICES: Part of Newport Coast, Dana Point projects

Tait & Associates expansion strategy will increase company activity outside of California, but has Orange County plans for opportunity and growth

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Taco Bell HQ Trades for $159M

REAL ESTATE: Tops for 2021; Taiwan buyer

Strong sign of returning investor optimism for leased offices in Orange County as the sale tops OC office deals in 2021 by price

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Passco on Track for Record Acquisition Year

Nearly $500M in Rental Buys for First Half of Year

Passco Companies said it is targeting a record amount of $1 billion in multifamily acquisitions in 2021

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Family, Safety First at Blue Buoy Swim School

SPORTS: Counts ties to numerous Olympians

Churning out Olympians isn’t the goal at Blue Buoy Family Swim School but hasn’t kept the school from doing just that

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Sunstone CEO John Arabia Resigns

Chairman Douglas Pasquale named interim CEO

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Midday Stock Roundup

Healthcare firms up

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A Step Back, and Forward, for FivePoint’s Haddad

REAL ESTATE: Exec changes for Irvine developer

Emile Haddad’s bigger picture ties in with his larger goal of creating model cities of the future, with social equity in mind

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Ziggurat Building Inches Towards Redevelopment

Area Subcontractor Downsizes; Uses for 92 Acres Undecided

The future of the largest office building in South Orange County is still in flux as long term plans are still being considered

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OC Employers Vary On Office Return Plans

ECONOMY: Wellness, collaboration debated

A variety of Orange County employers from different industries gauge how they are navigating a potential return to the office

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Timeshare Tower Moves Ahead at Disneyland Hotel

344-unit Addition To Resort Area

Disney in discussions with Anaheim to kick off construction later this year for the new tower; estimated delivery date in 2023

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Surf City, Anaheim Apartments Trade for $50M+

HB Deal is Tops In City for 2021

Investors continue to be bullish about Orange County’s multifamily sector, with two projects trading in separate deals in Huntington Beach and Anaheim

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Nearly 2M OC Residents Fully Vaccinated

Cases show signs of decreasing

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Breaking: Emile Haddad to Step Down as FivePoint CEO

Lennar’s Miller to be executive chairman; Jochim named president

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Midday Stock Roundup

Kura Sushi up 8.5%

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Food Storage Co. Expands in Surf City

REAL ESTATE: 434K-SF lease for Cambro Manufacturing

Sares Regis Group has signed on a large local tenant for the next phase of its Huntington Gateway Business Park in Surf City, sources say

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New Glaukos HQ Trades in $620M Portfolio Sale

REAL ESTATE: IRA sells 29-building portfolio to Nuveen

An Aliso Viejo office complex that will next month house the headquarters and other operations of eye-focused device and drugmaker Glaukos Corp. has traded hands again

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Ex-Irvine Co. Rental Exec Launches Firm

REAL ESTATE: Workforce housing focus for Cherry Tree

Focused pursuit in ground-up development opportunities and a goal of owning about 10,000 multifamily units within the next five years

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