Author: Parimal Rohit

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

A national homebuilder with a significant presence and operation in Orange County announced a leadership change this week. Tom Grable, Southern California division president of Nevada-based Tri Pointe Homes Inc., has retired and is being succeeded by Scott Pasternak. Pasternak, who has 27 years of industry experience with a background Read More

Formosa Ltd., the Taiwan-based multinational conglomerate owned by Newport Coast executive Joe C. Wen, is the new owner of 5000 Birch Street, a two-building and 310,000-square-foot office campus in Newport Beach. Lincoln Property Co. was hired by Formosa to manage and operate the office campus, which is home to tenants Read More

A Miami-based real estate developer is the new owner of a two-building, 350-unit apartment complex in Santa Ana’s South Coast Metro market, paying $240 million for the property. San Mateo-based Essex Property Trust Inc. sold its interest in the 512,791-square-foot Skyline at MacArthur Place for nearly $685,000 per unit to Read More

High drama involving developers, a large hospital and the federal government is unfolding as a drastic and sudden shift has occurred for control of one of the largest pieces of prime real estate in South Orange County. Newport Beach-based Hoag Memorial Hospital Presbyterian confirmed to the Business Journal it was Read More

A 392-unit affordable housing complex located a few miles north of Disneyland changed hands for $108 million, according to CoStar data. Park Vista in North Anaheim was sold to Beverly Hills-based BLDG Partners by Bethesda Holdings for about $275,510 per unit. The affordable housing development at 1200 N. Robin St. Read More

The growing list of significant office-to-residential conversion projects proposed across Newport Beach has expanded to include a waterfront property in the city. The owners of Bayside Park, a two-building office complex in Corona del Mar that sits alongside the Marine Avenue bridge leading to Balboa Island, are looking to redevelop Read More

La Palma investor Peter Yu is the new owner of a four-property portfolio at Warner Marketplace in Fountain Valley. Yu, through his company WMYU LLC, bought the Warner Marketplace portfolio from New York-based Fortress Investment Group for $24.5 million on March 6, according to CoStar data and public documents. Huntington Read More