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

Regional Center of Orange County Expands HQ

1 week ago | ocbj.com | Parimal Rohit

A local nonprofit signed a new lease agreement last month, extending its stay in central Orange County and expanding its overall footprint. Regional Center of Orange County (RCOC) renewed its 82,042-square-foot lease at Tustin Centre II and added 20,589 square feet at Tustin Centre I. Irvine-based Greenlaw Partners is the landlord for both buildings, which are located at 1525 N. Tustin Ave. and 1551 N. Tustin Ave. in Santa Ana, near the busy intersection of 17th Street and Tustin Avenue.
Costa Mesa Firm Buys Building Leased by Tesla

1 week ago | ocbj.com | Parimal Rohit

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 Partners was the seller in a deal that closed May 28.
Costa Mesa’s Hive Live Recommended to Move Forward

1 week ago | ocbj.com | Parimal Rohit

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 the existing three, two-floor buildings on the site, called Hive Creative Office Campus, to be demolished.
Former WeWork Space in Costa Mesa Snatched by Serendipity Labs

1 week ago | ocbj.com | Parimal Rohit

A Costa Mesa office space once occupied by the troubled coworking provider WeWork has been replaced by another flexible office space provider, Serendipity Labs Inc. The New York-based company, which positions itself as an upscale coworking brand in the United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 Pacific Arts Plaza. The building is located at 3200 Park Center Drive in Costa Mesa.
MotoAmerica Reveals ‘Revolutionary’ Concussion Tests

1 week ago | ocbj.com | Parimal Rohit

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 15 minutes.
Management Consulting Firms Shrink 8% in OC

1 week ago | ocbj.com | Parimal Rohit

For the second consecutive year, management consulting firms have collectively taken a step backwards. The 20 firms on this year’s list reported an 8% decline in management consultants at their Orange County offices, compared to May of last year. In 2024, OC management consultants dipped by 1%. Nine of the 20 companies reported local consultant declines, including the No. 1 ranked Deloitte.
Roundup: La Palma Office, San Clemente Retail Center Sold

2 weeks ago | ocbj.com | Parimal Rohit

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 for $8.9 million. San Clemente Retail CenterCorona del Mar-based Space Investment Partners LLC, a real estate company headed by Mark Moshayedi, bought a retail center at 2727 Via Cascadita in San Clemente for $8.9 million, or $356.95-per-square-foot.
Irvine’s The Bendetti Co. Buys its First San Diego Property

2 weeks ago | ocbj.com | Parimal Rohit

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 building from Newport Beach-based TA Realty for $16.2 million. TA Realty, also according to CoStar, bought the building from Lainer Development Co. for $14.3 million in 2021.
Irvine Building with Tesla as Tenant Sells for $21 Million

2 weeks ago | ocbj.com | Parimal Rohit

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 Partners was the seller. North Palisade Partners and Steiner Investments closed their deal on May 28, according to CoStar.
Trophy of OC Trophy Homes Listed at $125M

2 weeks ago | ocbj.com | Parimal Rohit

One of Orange County’s most iconic houses has hit the market, and the large estate on 137 acres in Coto de Caza would likely set a record for a residential sale if it sells for anywhere near the $125 million asking price. The Lyon Estate, where U.S. Air Force Reserve Commander and real estate mogul William Lyon lived with his wife Willa Dean Lyon for nearly 40 years, was listed for sale in late May.