The Tustin City Council unanimously approved a development agreement for Meritage Homes Corp. to build 73 condominium units on nearly 3.4 acres. The residential development, approved on June 3, would be built on two parcels that are currently vacant and surrounded by a multifamily development to the north, commercial properties Read More
A bayfront property along Newport Harbor featuring residential units, commercial space and boat slips has sold for $11.6 million. Located at 2410 Newport Blvd. in Newport Beach, the mixed-use property includes two residences. The bayfront residence is a 2 bedroom and 2.5 bathroom, and the street side residence is a Read More
Five Point Holdings LLC, the Irvine-based owner and developer of master-planned neighborhoods, announced today it entered into an agreement to acquire a controlling interest in Calabasas-based Hearthstone Inc., a private investment partner for homebuilders and residential developments. The acquisition will result in a newly formed business called Hearthstone Residential Holdings Read More
The Costa Mesa Planning Commission recommended a proposal to convert the former Los Angeles Chargers training facility at 3333 Susan St. near IKEA into a mixed-use development with 1,050 housing units for rent. The so-called Hive Live development will next be reviewed by the City Council. The plan calls for Read More
Steiner Investments, a 1031 exchange investor based in Costa Mesa, bought a 35,500-square-foot building in Irvine that’s fully leased to Tesla Inc. The flex property at 18011 Mitchell S. in Irvine sold for $21 million, or $592 per square foot. Los Angeles-based real estate development and investment firm North Palisade Read More
A Costa Mesa office space once occupied by the troubled coworking provider WeWork has been replaced by another flexible office space provider, Serendipity Labs Inc. The New York-based company, which positions itself as an upscale coworking brand in the United States and United Kingdom, committed to 39,000 square feet at Read More
An Orange County sports business says it has made an advancement in detecting one of the most significant injuries suffered by athletes: concussions. Irvine-based MotoAmerica, in conjunction with Abbott Laboratories, developed a new rapid blood test that could be conducted on the sidelines of sporting events with results completed within Read More
A 21,216-square-foot office building in La Palma traded for a little more than $6 million, while a 24,933-square-foot retail center in San Clemente, located at the opposite end of Orange County, changed hands this week for $8.9 million. San Clemente Retail Center Corona del Mar-based Space Investment Partners LLC, a Read More
The Bendetti Co., an Irvine-based commercial real estate company, announced this week it made its first foray into San Diego. The company purchased a 72,158-square-foot industrial building at 9605 Airway Road in San Diego’s Otay Mesa market. The sales price was not disclosed but CoStar data shows Bendetti bought the Read More
Steiner Investments, a 1031 exchange investor based in Costa Mesa, bought a 35,500-square-foot building in Irvine that’s fully leased to Tesla Inc. The flex property at 18011 Mitchell S. in Irvine sold for $21 million, or $592 per square foot. Los Angeles-based real estate development and investment firm North Palisade Read More
