December 29, 1985 |
A fresh supply of lower-cost financing sparked a burst of luxury, high-rise office building construction in Orange County in 1985. And the building boom, although at a slackened pace, is expected to continue in 1986. The 1985 construction frenzy, led by major developers such as the Irvine Co., C. J. Segerstrom & Sons and the Koll Co.
August 24, 1986
The Koll Co. has begun construction of its largest single project to date in Southern California--a $120-million development in Koll Center Irvine. It will include twin 12-story, triangular office buildings, a 2,000-car parking structure and three restaurants, according to Richard M. Ortwein, president of Koll's Newport Beach Division.
CALIFORNIA | LOCAL
August 10, 1994 |
Faced with the probability of losing the Los Angeles Rams as a tenant, the City Council on Tuesday took its first step toward revitalizing Anaheim Stadium and its surrounding area. The council, which hopes to lure a new professional football team to town if the Rams leave, voted unanimously to hire an accounting firm to analyze the cost of renovating the stadium or building a new one.
June 25, 1986 |
Despite the glut of office space in Orange County, the recently completed Plaza Tower--Garden Grove's largest office complex and the first in the county to be linked to a hotel--has nearly 70% of its space leased or committed a week before the building is scheduled to open. The connection of office to hotel via a sprawling, 160-foot-high atrium appears to be a big attraction for tenants.
February 28, 1988 |
In the midst of a well-publicized glut of office and research-and-development space in Orange County, construction has been completed on the $20.5-million, 175,200-square-foot second phase of Birtcher Centerpointe La Palma.
January 4, 1989 |
Denny's Inc. said Tuesday that it has sold its headquarters in La Mirada and will move to the Park Place office complex in Irvine once owned by Fluor Corp. Denny's said it would use most of the proceeds to help remodel its coffee shop chain--the nation's largest. The company's 610 corporate employees, who also oversee the El Pollo Loco restaurant chain, are scheduled to move into 160,000 square feet of leased office space in the former Fluor Corp. headquarters in Irvine in July, said C.
April 23, 2002 |
Low-rise office space in Orange County that was filling as fast as it was being built two years ago is now 30% vacant according to at least one study, saddling that segment of the office market with one of the highest vacancy rates in Southern California. The low-rise, campus-style offices are known in real estate circles as flex office or flex-tech space because they consist of two-story concrete buildings that can readily be designed for either office or industrial use or a combination.
CALIFORNIA | LOCAL
January 15, 1996 |
It is the ultimate in office politics. Forget the ideological fights, the political bickering, the policy flaps. The fiercest battles in our state's Capitol are over who gets a room with a view. Now into that tussle over office space wades Orange County Assemblywoman Marilyn C. Brewer. The Irvine Republican has gotten the somewhat dubious honor of heading a subcommittee that will hand out the office assignments for the coming year.
CALIFORNIA | LOCAL
July 3, 1986 |
In the wake of major cutbacks announced by the Irvine Co., officials in several Orange County cities predicted Wednesday that there would be no immediate impact on the company's building projects planned for their communities. The layoff of 240 employees by the county's largest landowner will not create an overnight slowdown in growth, they said, because the firm already has so many projects under construction.
October 10, 1990 |
Tenants will probably rent less office space in Orange County in 1990 than in any year since 1985. That was the word Tuesday from Grubb & Ellis Co., a big commercial real estate broker that tracks the local market. After the frantic building boom of the mid-1980s, 23% of the space in the county's 660 largest buildings is now empty. That amounts to nearly 11 million square feet, the equivalent of more than 500 floors of the average high-rise office building.