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 email@example.com.
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$36.6M for 30-Unit Waterfront Project
An 11-acre waterfront site in Seal Beach whose fate has been in limbo for well over a decade has new ownership that plans a high-end housing project on part of the property.
REAL ESTATE: Backer of 9-story project has colorful history
A nine-story development featuring a boutique hotel and nearly 167,000 square feet of office space has been proposed for a vacant site on Jamboree Road in the John Wayne Airport area of Irvine, one of the largest commercial projects put forth there in recent years.
REAL ESTATE: $1.2 million per-room appraisal at high mark
The up-and-down valuation of the swanky Monarch Beach Resort in Dana Point over its 17-year history has apparently hit a new high, based on documents related to a new loan for the 400-room resort.
Noise-Related Litigation Puts Big Lease in Question
Jazz Semiconductor Inc.’s operations in its longtime industrial facility in Newport Beach already have an agreed-upon expiration date of March 2027.
Popular Taiwanese restaurant chain Din Tai Fung is expanding its only Orange County location, at South Coast Plaza shopping center in Costa Mesa.
33-story Project Would Be 1st in Fashion District
Two Orange County firms are part of the development team working on plans for a high-rise residential tower in the Fashion District of Los Angeles.
REAL ESTATE: Lennar’s Levity follows CalAtlantic land buy
Scott Stowell, the former executive chairman of Irvine-based CalAtlantic Group Inc. and chief executive of its predecessor company, Standard Pacific Corp., had a firsthand view of two of the homebuilding industry’s largest mergers and acquisitions in recent memory.
Irvine-based TRI Pointe Group Inc. has made its largest reported Orange County land deal in several years for a 232-home infill housing site in downtown Anaheim.
7-Story Quail Street Office Goes for $32.1M
Newport Beach’s 1500 Quail Street, a seven-story office about a mile from the entrance to John Wayne Airport, has a new owner.
REAL ESTATE: 408-room, bay-area resort has ground lease
In the biggest hotel deal in Orange County in over a year, a Los Angeles-based investor has bought the Hyatt Regency Newport Beach.
5-0 Vote Could Lead to Retail Work Next Year
The long-awaited redevelopment of Dana Point Harbor could start as soon as next year, after the county signed off on a mixed-use project featuring three area developers.
New Home Goes With TRI Pointe, Woodside
Orange County-based homebuilders make up two of three firms tapped to build the first batch of homes at Bedford, the first major residential development in Corona in more than 15 years.
Recent Hotel, Retail Investments Near $1B
Fly about 2,500 miles west from John Wayne Airport to Maui, then drive half an hour to the resort area of Wailea, and you could be forgiven for thinking you’re still in Orange County when you notice the number of real estate investors and developers taking up shop.
RESTAURANTS: Site prepped for 125 staffers at start
Chipotle Mexican Grill Inc. is poised to become Newport Beach’s most valuable public company immediately following its move here from Denver this year.
Senior Housing Operator Plans HQ Move in 2019
Ensign Group Inc. (Nasdaq: ENSG) has doubled up on office space next to the Santa Ana (5) Freeway at a property relatively near its Mission Viejo headquarters.
FINANCE: IPO on shelf; private shareholders to sell
Anaheim-based Select Interior Concepts Inc., installer and distributor of interior building products used in the residential and commercial real estate sectors, could soon see more than $350 million of its common stock traded for the first time on a public exchange.
REAL ESTATE: Brea site goes to Hines & Oaktree
The local office of Houston-based real estate developer and investor Hines has added another sizeable property in North Orange County to its portfolio with the 34-acre office campus in Brea, which houses Beckman Coulter Inc.’s local operations.
REAL ESTATE: Old Toyota HQ getting industrial start
Sares Regis Group is starting to take the wraps off its plans to redevelop Toyota Motor Sales U.S.A. Inc.’s former North American headquarters in Torrance.
Palmer Luckey’s new defense technology startup, Anduril Industries Inc., is preparing to take up a much more prominent position in Orange County, and appears poised for a major hiring push.
To Lease 100,000-SF Harbor Gateway Building
An industrial building planned for the Harbor Gateway business park in Costa Mesa appears to already be spoken for.
653 Rentals Planned At Brea Place Campus
AvalonBay Communities Inc. plans to build its next area apartment development on the site of one of Brea’s largest office complexes.
REAL ESTATE: Entrepreneur, Gallagher searching for buys
Mark Moshayedi, one of Orange County’s best-known tech entrepreneurs, coastal property owners, and classic-car collectors, has a new commercial real estate venture.
REAL ESTATE: Anaheim portfolio now tops 1,500 units
Irvine-based apartments investor Advanced Real Estate Services Inc. has made its largest local acquisition in several years, picking up a rental complex near Angel Stadium in the Platinum Triangle area of Anaheim.
Homebuilder Has Lending, Tech, Commercial Arms
To get an idea of the business acumen of Far West Industries and the Lissoy family, take a look at the Santa Ana-based homebuilder, developer and investor’s local operations during the Great Recession.
1st Real Estate Buy in US For Newport Beach Unit
Three-building retail property Jamboree Promenade near John Wayne Airport in Irvine changed hands.
REAL ESTATE: Douglas Park hotspot for developers from OC
Orange County’s main hub of business might be the area around John Wayne Airport, but for several members of OC’s real estate development community, LGB has been the preferred destination over the past few years, not SNA.
REAL ESTATE: $166M land buy for homes starting at $350K
William Lyon Homes (NYSE: WLH) has been tapped to build one of the most unique home developments in Orange County in several years, a 536-unit project at Great Park Neighborhoods in Irvine with a large number of affordably priced homes.
REAL ESTATE: Bascom unit has 15 OC sites, 277K SF
Premier Business Centers doesn’t have the Wall Street buzz WeWork Inc. does or brand-new locations in some of Orange County’s recently built or redesigned office developments like some other co-working peers, such as Spaces.
JH Real Estate Partners Swaps Rentals for Retail
Newport Beach-based JH Real Estate Partners Inc. recently added a big local property to its growing retail portfolio, a shopping center across the street from South Coast Plaza.
REAL ESTATE: Apartments, offices, hotels proposed for site
The owners of MainPlace Mall in Santa Ana, Orange County’s ninth-largest shopping center by sales, have proposed an extensive overhaul of the roughly 50-acre property.
REAL ESTATE: Revised land plans one more tweak to site
FivePoint Communities Inc. Chief Executive Emile Haddad continues to strike a positive tone on the future of Great Park Neighborhoods in Irvine, despite an election loss that will result in another change in plans for part of the former El Toro Marine base.
4M SF of New Ones Opened Here in Past Year
Orange County’s commercial development community was buoyed over the year ended April 30 by a surge of office openings, primarily in Irvine, the country’s biggest office market.
$9.1B in Commercial Work By Local Offices
Orange County’s largest commercial construction companies defied some worrisome regional trends to post their best revenue year in a decade.
Industrial Pipeline Biggest It Has Been Here in Years
There are signs of life for development in Orange County’s aging industrial market.
23,000-SF Expansion On Tap for 1.7-Acre Site
The owners of the popular Diamond Jamboree shopping center in Irvine are proceeding with plans for a sizable addition to their project.
REAL ESTATE: 4 buildings at Placentia city line planned
Panattoni Development Co., the most active industrial developer in Anaheim over the past decade, has started work on another project there, a multibuilding business park at the Placentia city line.
Restaurant, Bar, Chickens All Part of New Courtyard
Backed by a new financing deal and a flurry of recent leasing activity, the owners of the Intersect office campus in Irvine are almost finished with nearly $25 million worth of redevelopment work at the four-building project near John Wayne Airport.
REAL ESTATE: 1st direct OC investment for Rockpoint
A deep-pocketed Boston-based real estate investor has bought five offices in Aliso Viejo in what looks to be the priciest commercial property transaction in Orange County so far this year.
REAL ESTATE: New HQ to triple Irvine presence near UCI
Irvine-based Acorns Grow Inc., fresh off a $50 million funding deal headed by investment giant BlackRock Inc., plans to nearly triple the size of its local headquarters near the University of California-Irvine.
REAL ESTATE: 102K SF for Spaces at 3 OC office locations
Orange County’s rapidly growing base of co-working spaces geared to smaller businesses is expanding to another prominent location at a nearly ready office campus in the Irvine Spectrum.
$25.4M Deal Comes Year After OC Group Buy
Santa Ana-based SchoolsFirst Federal Credit Union, the largest credit union in California, has added one of the most prominent office buildings in the Inland Empire market to its real estate portfolio.
A seven-building office complex in Orange near MainPlace Mall in Santa Ana has been proposed as the site of a large residential complex featuring rental units and for-sale homes.
REAL ESTATE: Vivante senior homes on table for NB
Plans are under way to build a high-end senior living facility on the site of Orange County Museum of Art in Newport Beach, where the museum has been since the late 1970s.
REAL ESTATE: 4th Thales building in landlord’s portfolio
Irvine Co. has bought one of the largest commercial properties in the Irvine Spectrum that it didn’t already own, an office used by the in-flight entertainment division of Thales USA Inc. for its domestic headquarters.
Lido House Busy With OC Dealmakers
Looking to do a real estate deal and need a partner?
REAL ESTATE: Blimp hangar now out of Brookfield plans
Plans for an ambitious mixed-use project at the Tustin Legacy development have been scaled back, with the city now planning to oversee reuse of one of the base’s two iconic blimp hangars rather than a private developer.
REAL ESTATE: IBM renewal among largest deals this year
Plaza Tower, one of Costa Mesa’s best-known and swankiest offices, has experienced nearly 100,000 square feet of leasing activity from a variety of tenants over the past few weeks.
Slew of Development Revives Peninsula Area
When Lido House, Newport Beach’s first newly built hotel in a decade, held its grand opening ceremony last month, the property was given a blessing by the Rev. Canon Cindy Evans Voorhees of the neighboring St. James Episcopal Church.
2-Building Site Next To JWA Trades for $33.7M
Two industrial buildings in Costa Mesa next to John Wayne Airport, including the former headquarters of Karma Automotive, have traded hands for about $33.7 million.
Telecom Firm Grows With Beer, Books, R.E.
As the founder of the largest telecommunications firm based in Orange County, Gary Jabara has been a mainstay on the Business Journal’s annual listing of the area’s most influential and prominent businesspeople for nearly a decade.