Parimal Rohit

Irvine

Business Reporter at Orange County Business Journal

Reporter, Orange County Business Journal. Formers = CoStar News, Austin Biz Journal. RK Mellon Fellow. Annenberg Fellow. @UCLA. @USFCA. Opinions=my own.

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Articles

Buchanan Street Partners Buys Las Vegas Property

1 week ago | ocbj.com | Parimal Rohit

Newport Beach-based Buchanan Street Partners has added another self-storage facility to its portfolio – this one a newly-constructed 917-unit, three-building property in Las Vegas. The real estate investment firm bought the 103,570-square-foot self-storage property at 310 Rock Springs Drive, Las Vegas, for $21.8 million. Buchanan Street Partners bought the self-storage facility in an off-market transaction from the project’s developer.
Irvine Co. Proposes New Housing for Spectrum Area

1 week ago | ocbj.com | Parimal Rohit

The Irvine Company revealed plans Wednesday to convert the privately operated Oak Creek Golf Course and two adjacent commercial parcels into a predominately residential neighborhood. The new village, to be located at the northeastern end of the Irvine Spectrum District, would bring single-family houses and a multifamily development next to Innovation Office Park, where companies like Sega of America and Twitch lease space — about one mile from the Great Park.
Westminster Mall Put on the Market

1 week ago | ourcommunitynow.com | Parimal Rohit

Share The future of another aging Orange County enclosed mall is up in the air. The Ohio-based landlord of Westminster Mall is trying to offload its portion of the 51-year-old shopping center, potentially putting into jeopardy plans to overhaul the mall into a mixed-use hub with more than 1,200 apartments and homes. Mall landlord Washington Prime Group (WPG) announced plans last month to purge its portfolio following the company’s 2021 Chapter 11 bankruptcy protection filing.
Beckman Coulter OC Site Hits Open Market

1 week ago | ocbj.com | Parimal Rohit

An office and industrial campus once occupied by biotechnology research company Beckman Coulter Diagnostics has hit the open market. Houston-based real estate company Hines hired Cushman & Wakefield to sell the property known as the Beckman Coulter site. The Brea site consists of three industrial and two office buildings, spanning 576,234 square feet. Beckman Coulter uses the 34-acre Brea site, located at 200-250 S. Kraemer St., as its global headquarters campus.
Westminster Mall Put on the Market

1 week ago | ocbj.com | Parimal Rohit

The future of another aging Orange County enclosed mall is up in the air. The Ohio-based landlord of Westminster Mall is trying to offload its portion of the 51-year-old shopping center, potentially putting into jeopardy plans to overhaul the mall into a mixed-use hub with more than 1,200 apartments and homes. Mall landlord Washington Prime Group (WPG) announced plans last month to purge its portfolio following the company’s 2021 Chapter 11 bankruptcy protection filing.
Homes, Hotel Proposed Near Bolsa Chica

1 week ago | ocbj.com | Parimal Rohit

An oil company that owns a stretch of Orange County’s coastline in Huntington Beach near Bolsa Chica State Beach has proposed a major project of houses, retail and a hotel. As many as 800 housing units and a 350-room hotel, plus dining and shopping uses, have been proposed by California Resources Corp., a Long Beach-based energy company that applied for such a development to the city of Huntington Beach.
Irvine Real Estate Company Buys Florida Land

1 week ago | ocbj.com | Parimal Rohit

Imeson Commerce Center in Jacksonville, Florida, is now owned by an Orange County-based real estate company. Irvine-based CIP Real Estate Property Services doled out $54 million for a 422,136-square-foot warehouse at Imeson Commerce Center in Northeast Florida. CIP Real Estate bought the industrial property from North Signal Capital and Fox Capital Partners. The industrial distribution center features 36-foot clear heights, 81 dock-high doors and parking for 180 trailers.
Pac-Man Arcade Debuts at The Big A

1 week ago | ocbj.com | Parimal Rohit

There’s only one stadium in the country where you can play arcade-style Pac-Man games while taking in nine innings of baseball. That venue is Angel Stadium, thanks to Irvine-based Bandai Namco Holdings USA Inc. and the Los Angeles Angels expanding their partnership last weekend and giving Orange County baseball fans a one-of-a-kind arcade experience. The introduction of Pac-Man arcade games at Angel Stadium made for a pop culture day of the ages at The Big A.
Newport Beach’s BKM Capital Partners Announces $1.5 Billion Deal

2 weeks ago | ocbj.com | Parimal Rohit

Newport Beach-based BKM Capital Partners announced this week it entered into a $1.5 billion joint venture partnership with Los Angeles-based Kayne Anderson Real Estate. The joint venture will specialize in light industrial real estate.
167 Condos Proposed for Shuttered JCPenney in Orange

2 weeks ago | ocbj.com | Parimal Rohit

An Orange County mall erased a one-time anchor store from its footprint and plans to replace it with a residential development. The Village at Orange tore down the space once occupied by JCPenney last week. The gaping space at the mall could soon be home 167 two- and three-level condominium units. Newport Beach-based Integral Communities proposed the condominium project, which could include amenities such as a pool, bocce ball court and lounge areas.