Formosa Ltd News Today

The recent sale of a 199,834-square-foot office tower in the South Coast Metro area of Santa Ana may be a harbinger of good news for the sector in Orange County, according to local brokers.

The ball is rolling for Costa Mesa’s One Metro West, a long-awaited 16­-acre mixed-use project that received approval two years ago after facing pushback and legal challenges from the community.

Irvine-based Greenlaw this month closed on the purchase of the 2050 Main Street building, marking the priciest sale for an office tower seen in the area around John Wayne Airport this year.

The Surf City buy marks the second reported value-add play for the entrepreneur and philanthropist this year, trailing a $25 million South Coast Metro office acquisition in February.

City of Hope cancer treatment and research center on Sept. 12 announced the donation from Andrew and Peggy Cherng, co-founders and co-CEOs of the Rosemead-based restaurant chain Panda Express.

Corona-based Watermarke Properties has paid $36.3 million for a pair of offices in the South Coast Metro area of Santa Ana, in the largest multifamily redevelopment play on the books for the city.

Work-from-home trends that started in March 2020 have “lasted longer than many of us in the industry expected,"

The efforts from Orange County’s healthcare sector over the past three years have not gone unnoticed by the region’s roster of benefactors.

UCI said it raised over $223 million in its Brilliant Future campaign, marking the university’s second-highest fundraising year to date. 

UCI said it received a $20 million donation from Joe Wen, the founder of multinational conglomerate Formosa Ltd.