Tustin-based C&C Development’s latest affordable housing project, The Meadows Senior Apartments, caters to seniors in Lake Forest. The new residential development, which was fully occupied when it opened earlier this year, is a 65-unit affordable housing project for tenants aged 62 and older. C&C Development’s affordable housing projects typically focus Read More
A local developer is turning a former restaurant site into a luxury residential community in the coastal San Diego community of La Jolla. WJK Development acquired earlier this month the half-acre property at 6738 La Jolla Blvd., formerly home to Su Casa Mexican and Seafood Restaurant, which operated for 52 Read More
Rivian Automotive Inc. is leasing another 95,000 square feet of industrial space at Jamboree Business Park, across the street from its Irvine headquarters. The electric vehicle maker signed a lease for 94,550 square feet at 14410 Myford Road on April 30 and plans to move into the space on May Read More
More than a decade after it was founded in Newport Beach, Landsea Homes is returning to its local roots—but under new ownership. The Dallas-based homebuilder, which relocated its headquarters to Texas two years ago, is being acquired by Irvine’s New Home Co. in a $1.2 billion all-cash deal. Under the Read More
Two months after retiring, a friend asked Tony Dabbene to temporarily fill in as a chief financial officer of IHI Power Services Corp. while the full-time CFO took a leave of absence. Dabbene agreed to take on the commitment, thinking the job would occupy his time for two, maybe three Read More
A five-floor, 128,183-square-foot office building in Irvine is under new ownership, with San Diego-based Sentre Inc. selling its interest in 18191 Von Karman to one of its tenants. The building was sold to the transportation and logistics firm Hyundai Glovis for $22.1 million, or $172 per square foot as part Read More
Irvine-based homebuilder New Home Co. announced today it reached an agreement to buy Dallas-based Landsea Homes Corp. in an all-cash transaction. New Home Co. is acquiring Landsea Homes for $11.30 per share. The transaction represents an enterprise value for Landsea Homes of about $1.2 billion. Landsea Homes and New Home Read More
The Irvine Company plans to convert the privately operated Oak Creek Golf Course and two adjacent commercial parcels near the Spectrum area into a 235-acre residential neighborhood with 3,100 housing units. The new village, to be located at the northeastern end of the Irvine Spectrum District, would bring single-family houses Read More
In yet another twist surrounding the sale of the iconic Ziggurat building in Laguna Niguel, the U.S. General Services Administration abruptly canceled last week its high-profile online auction of the 92-acre site. The agency now says it will relaunch the bidding process later this month. “The U.S. General Services Administration Read More
A Houston-based company recently doled out nearly $51 million to buy a 102,299-square-foot distribution building in Foothill Ranch, less than a mile from Oakley’s headquarters. Los Angeles-based Rexford Industrial Realty Inc., a real estate investment trust, sold the two-floor industrial building at 20 Icon, Foothill Ranch, to Lake Forest Reliability Read More
