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CoreLogic to move from Santa Ana to Irvine

CoreLogic, a property and credit data provider, also says it is considering a sale of the company, causing its stock to surge 29%.

August 31, 2011|By Roger Vincent, Los Angeles Times

Property and credit data provider CoreLogic said it would move its headquarters from Santa Ana to Irvine, and also said it was considering a sale of the company, causing its stock to surge.

CoreLogic will move to 40 Pacifica in the Irvine Spectrum in late summer 2012, landlord Irvine Co. said. CoreLogic will occupy 170,000 square feet — about 7 1/2 floors — and have prominent signs on the building.

Financial terms of the lease were not disclosed, but the Irvine Co. is asking $2.15 a square foot per month at 40 Pacifica, one of the highest rates in the Irvine Spectrum, according to brokerage Cushman & Wakefield.

CoreLogic emerged as an independent company in 2010 as part of a separation of Santa Ana-based First American Corp. into two publicly traded companies.

"Our new Irvine Spectrum headquarters location is befitting a growing business in the technology and information services industry," President Anand Nallathambi said.

Shares of CoreLogic jumped Tuesday after it said it had hired Greenhill & Co. to explore a sale of the company. The stock rose $2.56, or 29.1%, to $11.35.

roger.vincent@latimes.com

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