Real estate news: Bixby acquires HQ space in Irvine

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Irvine-based Bixby Land Company acquired a 262,463-square-foot corporate headquarters building at 9950 Jeronimo Road in Irvine. The building was purchased for $44.25 million from Irvine-based Kawasaki Motors, which was represented in the transaction by Gregg Haly ofCBRE. Bixby plans to spend $20 million to redesign the space. The firm also purchased a property at 15771 Redhill Ave. in Tustin – a 90,000-square-foot building that is in development for one or two users.

Quick Bridge Funding, a company that provides loans for small businesses, moved its headquarters to Irvine from Orange. The company has relocated to a 17,000-square-foot space at Market Place Center. The firm was founded in 2011 and has 94 employees.

Anaheim Marriott has completed a $15 million renovation. Changes in rooms include new work desks, artwork, lighting and easy access to power outlets. In addition, the hotel lobby, elevators and guestroom corridors have all been upgraded. The hotel is located next to the Anaheim Convention Center at 700 W. Convention Way.

Newport Beach real estate investment company MIG Real Estate completed the acquisition of Regency at Stonebridge Ranch, a 301-unit luxury townhome apartment community in McKinney, Texas. Regency at Stonebridge Ranch is MIG’s ninth investment in Texas multifamily properties.

Good Works

Habitat for Humanity of Orange County held its seventh annual “Leaders Build Day” on April 2 in Cypress. Some 70 business leaders donated time and financial support. Local firms’ chief executive as well as financial officers, presidents and vice presidents worked at Habitat OC’s 15th home site. They helped build five of the 15 new affordable home in Cypress, which will be sold to limited income families in Orange County.

 

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