California saw the nation’s largest increase in the number of companies between 2014 and 2017. In total, the state added 51,835 companies of all sizes, a notable 2.3% gain.
Developer Michael Harrah, owner of the former Orange County Register property in Santa Ana, there are plans to transform the mostly vacant property into 2.35 million square feet of office, apartments, hotel and retail. The proposed $1 billion redevelopment plan would include two of the tallest buildings in Orange County.
Sandpointe at MacArthur Place, a two building office site in the South Coast Metro area of Santa Ana, has been sold to a local investor in a deal that looks to be worth nearly $60 million.
Payrolls in Orange and Los Angeles counties will continue to expand this year and next, but at a more modest rate than before, while job creation in the Inland Empire soars.
Mortgage rates dip for the second straight week, landing at a 4.14%.
For all its ups and downs, U.S. commercial real estate enjoyed another banner year in 2016, thanks in large part to the unprecedented run in multifamily rents and property values and the fact that the U.S. continues to be viewed as a ‘safe haven’ by global property investors.
Irvine-based developer Goodman Birtcher has bought a pair of massive distribution centers in Los Angeles County, including a property just over the county line in Santa Fe Springs, in one of the larger industrial acquisitions seen in Southern California in recent memory. The North American subsidiary of Australia-based Goodman Group…