Mark IV Capital, a Newport Beach-based private equity firm specializing in real estate, sold 300 acres of open land to software giant Microsoft Corp. for about $71 million. The property is in Fernley, Nevada, about 35 miles east of Reno, Nevada, and could be used as a data center. Apple Read More
A 5,741-square-foot house on 0.44 acres with four bedrooms and 4.5 bathrooms in Corona del Mar is off the market. The house at 1615 Bayadere Terrace sold for $20 million on April 11, according to Homes.com and Redfin, making it one of Orange County’s most expensive residential sales of the year. Read More
Irvine Company is paring back, yet again, its office holdings in downtown San Diego. The Newport Beach-based landlord and real estate company continued its refocus in San Diego by selling its fourth downtown San Diego property in less than a year, as it has sold its stake in the 24-story Read More
Glaukos Corp., the most valuable public company in Orange County’s thriving ophthalmology sector, appears to be expanding its corporate footprint. The maker of the world’s smallest medical device (NYSE:GKOS) paid $16.6 million for a two-floor, 40,000-square-foot office building that sits next to its Aliso Viejo headquarters. Glaukos acquired 26800 Aliso Read More
Newport Beach-based Buchanan Street Partners is making a play in South County with its purchase of Spectrum Centre Business Park. The real estate investment management firm spent a Business Journal estimate of $63 million to buy a 16-building, 227,757-square-foot infill industrial park in Lake Forest from a Los Angeles-based fund Read More
Wells Fargo Plaza, a 24-floor office tower in downtown San Diego, was offloaded by the Irvine Co. for $40 million, about 73% less than what the Newport Beach-based company paid for the building in 2004. San Diego-based nonprofit organization Prebys Foundation confirmed it purchased Wells Fargo Plaza, located at 401 Read More
A Miami-based firm known for its luxury residential portfolio shelled out nearly $240 million for a two-building, 350-unit apartment complex in Santa Ana’s South Coast Metro area, making it among the largest Orange County apartment transactions within the first 100 days of the year. Crescent Heights picked up the 350-unit Read More
The Irvine Company is expanding its residential footprint as Orange County’s largest apartment owner plans to build more than 1,300 units on 19.4 acres at Tustin Legacy. The city of Tustin recently entered into an agreement with the Irvine Co. to develop the land. The Newport Beach-based real estate firm 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
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
