Paid $76M in ’15 For Waikiki Hotel
Officials with Newport Beach-based hotel investors Clearview Hotel Capital LLC tell the Business Journal they have sold one of their most prominent properties, a nearly 600-room Holiday Inn Express in Waikiki.
Newport Counts Most Luxe Deals
The priciest reported OC home sales so far this year are all in the $30 million range, and, perhaps unsurprisingly, are all in Newport Beach.
Taps Ex-SunCal Exec Sofferman
Trumark Cos. has relaunched its commercial arm.
Two Sales in ’19 Total $51 Million
The private enclave of Harbor Island is home to a mix of buyers who have a few things in common: many are billionaires, several have yachts, and not many appear keen on the idea of leaving.
Clearview Partners in Newport Beach sold a nearly 600-room Holiday Inn Express in Waikiki for $205 million.
Strong visitor spending at Disneyland Resort offset expenses and lower attendance at the Anaheim park during its parent company’s fourth quarter.
Newport Beach-based homebuilder Trumark Cos. will develop office, multifamily and mixed-use projects under a new division.
322K-SF Lease 2nd Big Transaction in a Month
Amazon has confirmed plans to open a distribution center hub in Mission Viejo, its second big Orange County lease in a month.
HOMEBUILDERS: Combined company fifth-largest in US
Next year will mark the end of an era for William Lyon Homes, one of Orange County’s iconic homebuilders.
$31M Deal Nears $1,000 PSF
Irvine’s Trade Food Hall, the city’s first new upscale dining hub built during the current market cycle, has sold for $31 million to a new Orange County investor.
Inside OC’s Varied Shared Space Options
The market for shared office space and flexible workspace keeps growing in demand.
Rents to Rise 5%, USC Report Projects
Don’t count on a slowdown in Orange County’s still red-hot apartment market any time soon—at least in terms of rents.
Local hotels increased rates, revenue, and occupancy in September, a report by CBRE Hotels said.
Aliso Viejo homebuilder New Home Co. (NYSE: NWHM) is following through on its plan to focus on sales volume over price, shifting its home prices downward to capture growing demand for affordable housing.
Hotels, Pop-Up Spots, French Bakery
One of the more unique areas envisioned for FivePoint Holdings LLC’s Great Park Neighborhoods development has gotten a step closer to reality.
Five Listings, Ranging From $7M to $44M
Irvine Cove might be Orange County’s most prestigious beachfront neighborhood.
REAL ESTATE: Buys pair from Equity Office
Harbor Associates LLC, a Long Beach-based real estate investor that does much of its work in Orange County, has made two of its largest deals in the region, buying properties in downtown Anaheim and Laguna Niguel for about $80 million combined.
$250M of Sporting Additions Part of Haddad’s Bigger Picture
In another sign of FivePoint Holdings LLC’s rapid rate of development at Irvine’s former El Toro Marine base, the master developer has agreed to kick in a quarter billion dollars to spur more sports-related work at the Orange County Great Park.
Long Beach Airport traffic rose 1.5% year-over-year in September to 289,500 passengers; year-to-date traffic is down about 12% to 2.6 million passengers.
CenterPoint Properties bought a 202,000-square-foot industrial building in Santa Ana for $37 million.
Five Point’s Great Park Neighborhoods will see a new mixed-use development on part of a 58-acre site near its sports fields.
Major U.S. stock market indexes rose during Monday midday trading after ongoing optimism about a trade deal between the U.S. and China. (keep reading)
Opens 6th Area Location; Next Four on Schedule
Though lingering questions about WeWork’s locations in Orange County—and its operations across the country at large—remain since its initial public offering plans fell apart this fall, the company insists it is business as usual with regard to spots it plans to open here.
TRI Pointe’s Community Opens Next Year
Equity Office Management LLC’s Canvas office complex is not to be confused with a residential project elsewhere in Orange County with the same name.
REAL ESTATE: Canvas a 551K-SF creative hub
Equity Office Management LLC’s take on the creative office trend—and its embrace of new varieties of coworking options for office tenants—is being shown off at its largest property in Costa Mesa, a five-building collection of offices that sit alongside the San Diego (405) Freeway next to Bristol Street.
$27M Renovation, Full Roster Ups Price
The Intersect office complex in Irvine is on the market four years after its last sale, this time with a much higher price tag and a full-tenant roster.
William Lyon Homes (NYSE: WLH) in Newport Beach was the fastest-growing publicly traded OC homebuilder over the last two years, with revenue surging 42% to $2.1 billion.
The Intersect office complex in Irvine, about two miles from John Wayne Airport, is for sale at $260 million.
REAL ESTATE: Mission Viejo spot rumored, too
Amazon has struck its largest-ever lease in Orange County, for a recently renovated industrial building running about 414,000 square feet in Santa Ana, real estate sources tell the Business Journal.
WeWork says its woes—a shelved IPO and departed CEO—aren’t keeping it from opening locations in OC.
Busy Intersection; Across from District
Private real estate investor Thrifty Oil Co. has closed on a nearly 58,000-square-foot industrial property at one of Irvine’s busiest intersections for $18.6 million.
45K-SF Deal Begins Next Year
Whole Foods Market, a unit of Amazon.com, has inked a new deal in Orange County, this time for a nearly 45,000-square-foot retail space in Huntington Beach.
Quiet Lifestyle, Sales Activity for 23 Homes
If you’re from Orange County, you’ve likely heard a story about, or know someone, or know someone who knows someone, with ties to Bay Island.
REAL ESTATE: 55 local spots initially
Irvine Co. is no longer just a partner to coworking companies.
Custom Home Plan Starts With a Shell
You can get a custom home in Orange County for under $1 million.
Whole Foods Market plans to open its second location in Huntington Beach.
REAL ESTATE: New HQ for Ambry gets top dollar
Aliso Viejo’s One Enterprise building has traded hands for $59 million, in the largest single-building office sale seen in South Orange County this year.
Was in Tustin; Now in Santa Ana
Construction materials distributor Foundation Building Materials Inc. (NYSE: FBM) is still on the growth path, and it has a new base of operations in the area.
Newmark Brokers Sales Along Michelle Drive
A pair of Tustin buildings just off the Santa Ana (5) Freeway, along Michelle Drive, have sold in separate transactions for a combined price of $45.7 million.
Two buildings on Michelle Drive in Tustin sold in separate deals for a total of about $46 million.