Mark Mueller covers commercial and residential real estate for the Orange County Business Journal. His beat also includes title insurers and mortgage lenders, as well as government stories that relate to real estate. He can be reached at firstname.lastname@example.org.
Phone: 949-833-8373 Extension: 226
SPORTS: Gets $500M for Chiefs star Mahomes
The money’s been shown.
Local PPP Recipients Get $50M+, Docs Show
Orange County’s cluster of architecture, design, and tenant-improvement focused construction firms are among the largest local beneficiaries of the Paycheck Protection Program, according to newly released federal documents.
FINANCE: Has bought 50 firms since 2012
Environmental consulting firm Montrose Environmental Group Inc. is looking to join the ranks of Orange County’s publicly traded companies.
E-COMMERCE: Project at former Mitsubishi HQ
Amazon.com Inc. is looking into building a last-mile logistics facility at the former campus of Mitsubishi Motors North America Inc. in Cypress.
REAL ESTATE: Will be top OC sale of year
PRP Real Estate Investment Management, a Washington, D.C.-based real estate investor backed in part by overseas funding partners, plans to buy the two largest buildings at Irvine’s FivePoint Gateway office campus.
REAL ESTATE: Office project no longer on market
Intersect, one of the largest high-end office complexes near John Wayne Airport, has a new financing deal in place but is no longer up for sale amid a choppy and uncertain investment market for commercial real estate properties.
MEDTECH: Masimo CEO’s goal: unity, justice
The first time Joe Kiani joined an organized protest was in college.
Nearly 900K SF Of Office Space Underway
Irvine Co. has been Orange County’s most active commercial developer the past year and over the past decade.
New Hospitals and Expansions in Works
Orange County has seen a consistent batch of new office product built over the latter part of the latest market cycle, adding several million square feet of high-end inventory in markets including Irvine, Tustin and Newport Center.
REAL ESTATE: $12M deal; B. Braun buys too
Edwards Lifesciences Corp. (NYSE: EW), Orange County’s largest publicly traded company, has added another office building to its rapidly expanding headquarters campus.
DEFENSE: New warehouse at Shea Business Center
Palmer Luckey’s tech-focused defense company Anduril Industries is expanding both its local and national base, after inking a deal for a newly built industrial building in Santa Ana and opening a new office in Seattle.
Until a few years ago, Gen. William Lyon was a lunchtime mainstay at Newport Beach’s swank Pacific Club, the unofficial home of OC’s real estate community.
DEVICES: Shares surge on first day; $1.9B valuation
Irvine-based Inari Medical Inc., a commercial-stage medical device company whose products treat patients suffering from blood clots and other diseases affecting veins, says the impacts of COVID-19 have disrupted its local operations, but it didn’t scuttle its plans to go public.
REAL ESTATE: $38.8M; tops for OC since April
Menlo Equities LLC has added another property to its already sizable holdings in Lake Forest and Foothill Ranch, after snapping up a three-building office complex for $38.8 million.
Headline Makers. Difference Makers.
It’s not a normal year for business. It’s not your normal OC 50.
REAL ESTATE: $226M; moves to end affiliation
Seller is Irvine-based landlord Healthpeak
Mike Mussallem says the coronavirus is everywhere, and he should know.
HEALTHCARE: Avellino aims for 5,000 tests per day
A new COVID-19 testing network launched by the Orange County Health Care Agency has its roots in the area’s eyecare industry.
Newly released data indicates it’s a tale of two parts of Orange County.
“The U.S. Tried to Build a New Fleet of Ventilators. The Mission Failed,” was the headline of an alarming March 29 NY Times report, which, among other issues, noted how device giant Covidien in 2012 bought a “small California company” from Costa Mesa that had been hired to design that government fleet of life-saving respiratory machines, a product now very much in demand.
REAL ESTATE: CEO finds calling in chaos; 100K face masks
Hey buddy, wanna free PPE?
PHILANTHROPY: $1.5M donated by foundation
The William, Jeff and Jennifer Gross Family Foundation, the charity founded by retired financial asset manager Bill Gross and his son and daughter, have given $1.5 million to charities and organizations providing relief from the effects of coronavirus on Southern California communities.
DEVICES: Irvine firm takes load off hospitals
Cleveland’s University Hospitals is said to be the first in the country to remotely monitor patients who test positive for the coronavirus.
Excellence in Entrepreneurship, Women in Business luncheons to be rescheduled
REAL ESTATE: Blackstone affiliate buys six OC sites
ShopCore Properties, a retail arm of private equity giant Blackstone Group Inc. that owns and operates small and midsized shopping centers, has bought a collection of six retail properties across Orange County, in deals that collectively approach $300 million.
FINANCE: Tech, healthcare companies targeted
Byron Roth, chief executive of Roth Capital Partners, Orange County’s largest investment banking firm, has more to look forward to this month than just his firm’s highly anticipated annual investor conference.
RETAIL: $55M ground lease deal paves way
443K-SF retail layout; $80M annual taxable sales
HEALTHCARE: CEO moves, Irvine ops remain
Cryoport Inc., the fast-growing provider of cold-chain logistics services for the biopharmaceutical industry, is the latest local company to move its headquarters to the area around Nashville, Tenn.