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.
Phone: 949-833-8373 Extension: 226
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.
REAL ESTATE: $55.4M industrial buy; DCT deal agreed
Prologis Inc., the country’s largest warehouse property owner, is beefing up its Orange County presence following the largest industrial purchase in the area so far this year, and through the blockbuster acquisition of a national competitor with a modest local portfolio.
2 More Sears Deals Follow Santa Ana Buy
Irvine-based LBA Realty has splashed out nearly $168 million on industrial deals outside of Orange County over the past month, in Los Angeles, Pennsylvania, Florida and the Pacific Northwest, according to local news reports.
REAL ESTATE: Paciolan, Medtronic’s Covidien move
Irvine Co. has backfilled a good portion of Broadcom Inc.’s former office campus near the University of California-Irvine after leasing a total of nearly 144,000 square feet.
8-Story Office Could Fetch $60 Million, Make Way for Industrial
Boeing Corp. has put one of its largest area properties on the market for sale.
$22.8M for Site Follows 2017 Buena Park Deal
Indianapolis-based Duke Realty Corp., one of the country’s top owners of large industrial properties, is beefing up its local portfolio.
REAL ESTATE: Greenlaw Partners buys 5 buildings
Orange County Business Center, a five-building office park in Santa Ana, has traded hands for nearly $74 million, in one of the largest office deals in the area this year.
Project Would Help Boost Enrollment
Vanguard University is planning an extensive renovation and expansion of its Costa Mesa campus in an effort to boost enrollment by more than 25%.
RFP for Developer Of 101.5-Acre Site on Tap
Santa Ana and Garden Grove are considering redevelopment of the Willowick Golf Course, and should soon take initial steps to find a master developer.
REAL ESTATE: Efficient building key post-combo tweak
The results of Lennar Corp.’s February acquisition of Irvine-based homebuilder Cal-Atlantic Group Inc. are starting to surface at some of the combined company’s area developments and in Orange County’s office market.
Iconic Fed Office Eyed for Sale
The fate of the Chet Holifield Federal Building in Laguna Niguel, Orange County’s largest office and one of the area’s most distinctive structures, is once again up in the air.
247 Irvine Units in Works; Costa Mesa Homes, Also
Intracorp Cos. is preparing to take the wraps off the first of several for-sale, infill housing projects near John Wayne Airport.
REAL ESTATE: Largest Q1 lease for Cerritos Ave. building
Walt Disney Co. recently signed a lease for an industrial building in Anaheim, the latest notable real estate move of Orange County’s largest employer and the biggest industrial lease in OC so far this year by square footage.
2-Story Office Next To Site It Has for New HQ
The Orange County Sanitation District has completed the purchase of an office building in Fountain Valley that it intends to use for expanding operations.
REAL ESTATE: Market rate condos would start at 654 SF
FivePoint Communities Inc., the real estate firm overseeing development of the former El Toro Marine base in Irvine, has disclosed plans to build some of the city’s smallest and likely most affordable homes in years.
17% Gains in Past Year As Leasing, Sales Climb
Another active year in building, apartment and land sales, along with solid leasing activity across all product types, made for a strong year among Orange County’s largest commercial brokerages.
Concierge-Type Property Management at Irvine Site
Walking onto The Boardwalk campus for the first time, visitors could be forgiven for thinking they’ve stepped into Orange County’s newest, hippest luxury hotel instead of the first large office project in the airport area of Irvine since the recession.
Last Sold for About $40M; One of Wen’s Local Assets
The Foothill Ranch office complex that holds the headquarters of mortgage lender LoanDepot Inc. and other tenants is on the market about 16 months after it last sold.
No. 3 Among ‘Sizzling Markets;’ OC is No. 28
Several Orange County-based homebuilders’ recent effort to expand operations into the Inland Empire appears to be at an opportune time in the market cycle, according to a new report by Irvine-based John Burns Real Estate Consulting.
Slow Pace of Openings As Wages, Costs Rise
Casual restaurant chain BJ’s Restaurants Inc., the largest public company based in Huntington Beach and one of the city’s largest office tenants, has struck a deal to keep its headquarters in Surf City.
Plans Filed to Incorporate Royalty Carpet Property
Edwards Lifesciences Corp., Orange County’s largest public company with a market value of about $29 billion, appears to be making strides to buy a site next to its Irvine headquarters for a large expansion.
REAL ESTATE: 394-unit senior housing project for Garden Grove
An Encino-based land developer is making strides in turning Garden Grove’s infamous “rusty skeleton” construction site into the largest affordable senior housing project the city’s ever seen.
Irvine Office Stays; Was 12th-Biggest OC Pub. Co.
Aerie Pharmaceuticals Inc. has quietly shifted its headquarters from Irvine to North Carolina, removing a notable name from the list of Orange County-based public companies.
LA Buyers Take Over 4-Building Park in SCM
Los Angeles-based investors have snapped up a four-building office complex on Harbor Boulevard in Santa Ana, the second notable deal in that part of the submarket of South Coast Metro this year.
REAL ESTATE: $42M buy in Irvine, Santa Ana, Orange deals
Glendale-based office and industrial property investor PS Business Parks Inc. has sold a five-building office park in Irvine to a local investor for nearly $42 million in one of three big Orange County property sales on the table for the company this year.
$3.4B Sales, 4.5M SF Office, Industrial Leases
Last year’s top Orange County deals were driven in large part by reinvention.
OC’s Biggest New Office Site in Years 77% Leased
Five Point Gateway, the largest and most expensive office complex built in Orange County in over a decade, is largely finished and open to tenants.
Commercial, Homebuying Business Pick up Refi Slack
The country’s biggest title insurers are striking optimistic notes on the health of their industry, despite the expectation of additional interest rate hikes, which have already put a crimp on refinance business.
CalAtlantic, Long Biggest OC Builder, Sold
Orange County’s stable of publicly traded homebuilders is nearly $6 billion lighter in market value now compared to a month ago.
4 Master-Planned Areas See Two-Thirds of Action
New-home sales reached a 15-year high in Orange County last year, thanks to a surge in condominium and attached-home sales and continued development at the area’s four largest master-planned communities.
Led Creative-Office Wave
In the mid-1990s, Bill Halford had just been hired by the office division of Newport Beach-based Irvine Co. and was still feeling his away around Orange County’s real estate market.
1,007 Homes at Cadence Park Scheduled to Open This Month
As the developer of Irvine’s Great Park Neighborhoods prepares to take the wraps off its latest new, and relatively expensive, homes at its Cadence Park community this month, the company is also proceeding with plans for a 723-home project that could include much more affordable price points.
Shea, New Home Co. Spend $35M for OC Sites
The Roman Catholic Diocese of Orange appears to be helping pay for its new home at Christ Cathedral in Garden Grove, and for additional facilities it plans in Santa Ana, one residential land deal at a time.
Industrial Building Would Be Nearly 100,000 SF
While retail watchers are keeping an eye on what, if any, redevelopment plans are in store for the Sears space at Costa Mesa’s glitzy South Coast Plaza, the mall’s owners are proceeding with a less glamorous project a few miles away.
Bixby Land Co. chief executive William "Bill" Halford, one of Orange County’s better-known real estate executives, died Monday. He was 58.
William Lyon Homes said on Tuesday that it has agreed to buy fellow Newport Beach-based homebuilder RSI Communities, for $460 million.
UDR Nears Finish Of $350M Luxe Rentals
Apartment owner and developer UDR Inc. is finding plenty of local assets to unload to pay for its $350 million project under way at the Pacific City mixed-use development in Huntington Beach.
REAL ESTATE: $17M asking price for ABM building
The owners of a recently renovated, fully leased creative-office project in Tustin are aiming for one of the largest per-square-foot sales prices for a building of its type in Orange County.
Drugmaker’s Main Campus In Line for Creative Makeover
Allergan PLC plans to vacate and sell three offices at its sprawling Irvine campus near John Wayne Airport, in the latest sign of retrenchment for the local operations of the drug-making giant.
REAL ESTATE: 1 of 2 Orange offices sold for $180M
Newport Beach-based KBS Realty Advisors, one of the country’s largest office owners, is poised to buy central Orange County’s biggest office tower in what would be its priciest local acquisition in over a decade.
REAL ESTATE: Ground floor of office to get retail
The smallest of the four offices run by C.J. Segerstrom & Sons next to South Coast Plaza in Costa Mesa, the seven-story 3420 Bristol St., is getting a makeover designed to bring its appearance more in line with its high-rise brethren.
New Projects Lease Up; $105M Buy in San Diego
Irvine Co., Orange County’s dominant office landlord with a local portfolio topping 26 million square feet, has had an active few weeks in two of its other key markets: Silicon Valley and San Diego.
REAL ESTATE: 218-home site buy as Lennar deal nears
Irvine-based CalAtlantic Group Inc.’s last big land deal as a stand-alone company could turn out to be a 14.5-acre site it just bought a few miles from its headquarters at the Tustin Legacy development.
Olen Sells 40-Story Tower
Igor Olenicoff, Orange County’s third-wealthiest businessperson, should be a bit richer after the sale of his company’s most valuable office property—a skyscraper it owned in downtown Chicago.
REAL ESTATE: Horowitz Group latest McFadden Center owners
An investment group in Laguna Niguel that’s best known for its restaurant and grocery chain investments, including in Sprouts Farmers Market, is turning its attention to Orange County’s industrial market.
REAL ESTATE: Lease expands Irvine presence by about 75%
Data analytics software maker Alteryx Inc., which went public in March, has signed a deal to expand its Irvine headquarters at a rate almost matching its impressive stock growth since a $14-a-share initial public offering.
Just 167 Units Remain Out Of 15,000 Cap Set in 2010
A 150-unit apartment complex proposed at 2525 Main St. in Irvine about a mile from John Wayne Airport has gotten the nod as one of the last residential projects approved for the Irvine Business Complex under current density limits.
Another residential tower is being considered for the sprawling Central Park West mixed-use development in Irvine.
The development team responsible for the largest residential project under way in Santa Ana, the 1,221-unit Heritage apartments near John Wayne Airport, has its eye on another site in the city near the Discovery Cube Orange County for another big multifamily development.
REAL ESTATE: Growing CPA firm to Irvine Towers
Squar Milner LLP, the largest accounting firm based in Orange County, is beefing up its local presence with a new headquarters location following an active year on the merger front outside of the county.