Regions West | Orange County
Mini Mall in Corona Fetches $548 Per-SF
Ownership of Hamner Square, a 12,231-square-foot strip center in Corona, Calif., has changed hands. 
Healthcare Firm Takes 20,000SF in Costa Mesa
The 236,200-square-foot class A office property at 555 Anton Blvd. in Costa Mesa will welcome Blue Shield of California to its tenant roster.
GMH Military Housing Division Bought by Balfour Beatty
Balfour Beatty Group has completed acquisition of the military housing division of GMH Communities Trust for $350 million, it has reported.
Marinata Development Grocery-, Pharmacy-Anchored Centers are Bread and Butter for Small SoCal Developer 
Even in an economy as unsettled as we’re currently going through, people buy food and medication, and for Newport Beach, Calif.–based Marinita Development, that’s the engine that keeps this small but established company chugging along. 
Snyder Langston Completes Pacific Life Insurance Tower
Snyder Langston reported that it has completed construction of a nine-story, 246,600-square-foot build-to-suit office tower for Newport Beach, Calif.-based Pacific Life Insurance Co.
Robert Maguire Floats Plan to Take Firm Private
Robert Maguire III, chairman & CEO of Maguire Properties Inc., has proposed a plan to privatize the REIT. The proposal represents the latest chapter in the company's efforts to resolve its debt problems, which is being spearheaded by a special committee of independent directors.
SoCal Apartment Market to See Modest Rental Uptick
The Southern California apartment market, one of the nation's largest, is looking forward to modest rent increases, except in certain highly desirable parts of the region, according to a new study by the University of Southern California Lusk Center for Real Estate.
Dana Point 121-Acre SoCal Oceanfront Parcel to Be Part Open Space, Part Development
The owner of Dana Point Headlands, a 121-acre parcel along the ocean in Dana Point, Calif., has made its final decision on the future of what is considered the last sizable undeveloped oceanfront parcel in Southern California.
Lowe, GE JV Begins Construction on $46M Orange County Industrial 
Lowe Enterprises, in joint venture with GE Real Estate, has begun construction on a $46 million infill industrial park, the 15-acre Kimberly Business Center in Fullerton in North Orange County, Calif.
Hilton Anaheim Begins $60M Renovation
Makar Properties L.L.C. has commenced the first phase of a $60 million improvement program at the Hilton Anaheim Hotel, the largest hotel in the region.
laguna Laguna Cliffs Marriott Changes Hands
An unnamed buyer has acquired the 376-room Laguna Cliffs Marriott Resort & Spa, which sits on a 12-acre bluff overlooking the Pacific Ocean in Orange County, Calif., according to the broker involved in the deal, Jones Lang LaSalle Hotels. The buyer was an institutional client of Cornerstone Real Estate Advisers.
BPG Inks 122,600SF Tenant in Orange County
BPG Properties Ltd., a private equity real estate fund manager, has executed a 122,600-square -foot lease with PODS Enterprise Inc. at Crossroads Anaheim, a two building, 276,800-square-foot industrial complex located in Orange County, Calif.
Report: Irvine Buys into SoCal Archstone Portfolio for $1.4B
Orange County, Calif.-based real estate firm Irvine Co. has agreed to buy a majority stake in apartment owner Archstone-Smith Trust's Orange County and San Diego holdings in a $1.4 billion deal.
NAI Hires Williamson as Senior VP in Newport Beach
NAI Capital has hired JR Williamson as a senior vice president in the firm's Newport Beach, Calif., office.
Orange City Southern California Office, Retail Complex Trades in $130M Deal
Orange City Square, a 386,000-square-foot office and retail property in Orange, Calif., has just come under new ownership. Acting on behalf of GE Asset Management, Birtcher Anderson Realty L.L.C. took the property off the hands of Massachusetts Mutual Life Insurance Co. in a $130 million transaction.
Orange County Center Rides Wave of Hybrid Centers
When its phased opening is complete this fall, the $300 million The District at Tustin Legacy will be both a one-a-kind project for its market and a sign of things to come for retail centers nationwide.
 

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