Industrial Projects Surge in Irvine, OC s Fast-Growth City therealdeal.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from therealdeal.com Daily Mail and Mail on Sunday newspapers.
Dermody Properties is planning to build another industrial building in Irvine, at a site adjacent to a Five Point Holdings LLC (NYSE: FPH) lot it recently bought in the Great Park Neighborhoods.
Industrial projects in Irvine are seeing a major revival, after decades of little to no significant development for the product type in Orange County’s fastest-growing city.
Five Point Holdings LLC (NYSE: FPH) has sold a pair of commercial land parcels totaling nearly 38 acres at Irvine’s Great Park Neighborhoods to industrial developers for a combined $174.2 million, property records indicate.