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Starwood Capital Group is exiting TRI Pointe Group Inc. with the sale of 12 million shares, or 7.5% of the Irvine-based homebuilder.
Irvine-based Banc of California Inc. said it has reached an agreement with Legion Partners Asset Management LLC to avoid a proxy battle.
Tom Donovan will join Resort at Pelican Hill in Newport Coast at the end of the month as managing director.
Ramada Plaza Anaheim plans to become a Wyndham Garden hotel after a $4 million renovation set to take six months.
Disney’s Grand Californian Hotel & Spa in Anaheim is being renovated with changes to its guest rooms, lobby, pool and other areas in “the most extensive refurbishment since” the 948-room property opened in 2001.
Irvine-based Banc of California plans to reallocate $3.5 million in sponsorships to partially offset the costs for the naming rights to the new $350 million stadium of the Los Angeles Football Club.
Irvine-based CoreLogic has named Frank Martell its new president and chief executive.
CoreLogic President and Chief Executive Anand Nallathambi died after a brief illness, the company said.
An audit of some services provided by an outside operator at Dana Point Harbor couldn’t validate the firm’s reported gross receipts at the facility and said its “rent payments are not calculated or reported in accordance with lease agreements” the operator has with the County of Orange, which owns the harbor, the county auditor said in a report.
Montage International in Irvine and lead developer Robert Green Co. in Encinitas said the companies would break ground this summer on the $360 million SilverRock Resort in La Quinta.
Irvine-based Banc of California plans to cut its headcount almost in half with the sale of its home loan division to Caliber Home Loans Inc.
Retail developer Steve Craig has been named chairman of New Majority California’s Orange County Chapter.
Newport Beach-based homebuilder William Lyon Homes said that its namesake and founder, General William Lyon, has stepped down as a director of the company.
Irvine-based CoreLogic Inc. said that Chief Executive and President Anand Nallathambi is taking a temporary medical leave of absence from the company.
Hotel REIT Sunstone Hotel Investors Inc. in Aliso Viejo sold Fairmont Newport Beach for $125 million.