Moves include acquiring office space in San Diego, renovating an Irvine shopping center, and a homebuilder with $600M for land acquisitions.

BY SARAH PETERS sarah.peters@latimes.com

Three Orange County companies, a real estate investment company and two residential and commercial developers, announced development and expansion plans this week.

Newport Beach-based MIG Real Estate, LLC, recently acquired 138,000 square-feet of office space in San Diego, confirmed company spokeswoman Jessica Neuman this week.

The office space, comprised of two buildings located in the Golden Triangle Section of La Jolla, will be multi-tenant properties for tenants with space needs of 40,000 square-feet or more.

MIG Real Estate is looking at filling the office space with ten ants in medical, biomedical, pharmaceutical, technology and support services fields, including those that serve the needs of UC San Diego, according to Greg Merage, company chief executive officer.

“The buildings benefit from their close proximity to regional housing, ample base of amenities and convenient freeway access,” Merage said in a prepared statement. “These characteristics will contribute to the success of this investment as we utilize out strong cash position to increase our presence in the San Diego market.”

MIG Real Estate purchased two other San Diego offices in 2010.

See PLANS, page C41