Irvine Company’s latest big local investment is taking place in Tustin, where it is buying a large chunk of land at a bargain price, compared to other area properties just over the city line. The developer recently reached a deal with the City of Tustin to buy a 19.4-acre land Read More
Karma Automotive made a last-minute addition to its luxury vehicle line-up last month in response to the shaky consumer market for electric vehicles. The Irvine-based automaker introduced on March 20 the Amaris, its first 2-door coupe that will feature an extended-range electric vehicle (EREV) powertrain. The company expects to begin Read More
As the Los Angeles Angels again start this spring full of hope, it’s looking to regain its glory as one of Major League Baseball’s top teams, not just in victories but also in attendance. Fans have been noticeably absent in recent seasons, with about 2.6 million last year, nearly a Read More
French luxury brand Baccarat, known for its crystal glassware, Rouge 540 perfume and eponymous Manhattan hotel, is making alterations to all its retail stores in 2025, using its recently renovated South Coast Plaza penthouse boutique as the model. The Costa Mesa store, one of two Baccarat locations in California, is Read More
Like Riding a Bike On Feb. 8, the Golden State Foods Foundation (GSF Foundation) partnered with the Taco Bell Foundation to host a Bike Building event benefiting the children on the waitlist for Big Brother Big Sisters of Orange County & the Inland Empire (BBBS OC/IE). Held at the organization’s facility, the event paired each child Read More
Local construction companies are seeing more projects from K-12 schools.One of the more notable ones is Irvine High School (IHS), which spent $35 million on a new performing arts center. IHS, serving nearly 2,000 students, opened the facility on Feb. 7 after breaking ground in January of 2023. The school Read More
A local office building spanning more than 92,000 square feet could be torn down and converted into a housing development. The building on 12.4 acres just south of the Joint Forces Training Base Los Alamitos was bought by national homebuilder Lennar Corp. for $65.2 million last month, according to CoStar Read More
A portfolio of nine properties at Yorba Linda Town Center changed hands for nearly $56 million, one of the largest retail deals of the year. Newport Beach-based real estate developer Manouch Moshayedi told the Business Journal that his company bought the Yorba Linda retail center from Anaheim-based Zelman Development Co. Read More
The local rentable footprint for Orange County’s top 16 commercial property managers dipped 1.5% to 127.8 million square feet, compared to 129.8 million a year ago March, according to the Business Journal’s latest research. The top five third-party commercial real estate companies—JLL, CBRE Group Inc., Lincoln Property Co., Transwestern Real Read More
The phrase “Orange County remains strong” can be heard across this year’s list of the region’s top 18 commercial real estate brokerages with local offices. The group of firms recorded an 6.2% jump to $42 billion in transaction value of sales and leases in 2024, according to Business Journal data. Read More
