REAL ESTATE

Recent and archived news stories on: Apartments, Architecture, Brokers, Construction, Housing, Mortgages, Offices, Property Management, Realtors...

Co-Working Firm Latest Big Addition to Quad

REAL ESTATE: 102K SF for Spaces at 3 OC office locationsOrange County’s rapidly growing base of co-working spaces geared to smaller businesses is expanding to another prominent location at a nearly ready office campus in the Irvine Spectrum.

Ahmansons Back Housing Conference

Fieldstead and Co. in Irvine plans a daylong “What Would Howard Do?” discussion of home ownership at the University of Southern California on Aug. 1.

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Rimrock-Backed Company Files Chap. 11

Rimrock Capital Management LLC, an Irvine-based private equity group with $4 billion assets under management, is reorganizing LakePoint Land LLC., a 1,300-acre, Georgia complex famous for its sports facilities.

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McCarthy Names Myers Head of NB Office

McCarthy Building Cos. Inc., the largest commercial construction company in Orange County, named Mike Myers president of the firm’s Southern California region.

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Real Estate Exec Stan Ross Dies at 82

Stan Ross, who had a major influence on Southern California’s real estate industry through his accounting and finance work, died at age 82 on Sunday from complications of a stroke.

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Montage Los Cabos Open

Montage International’s Los Cabos resort is ready for its close-up.

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PHG’s Kramer Departs; Hotel Runner Gets VP

Pacific Hospitality Group Chief Investment Officer Kory Kramer left the Irvine-based hotel owner-operator to start a hospitality venture. He’s now a consultant with PHG, which named a new vice president of investments to take on some of his former responsibilities.

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Sabra Sells 12 Facilities for $134M

Irvine-based Sabra Health Care REIT Inc. (Nasdaq: SBRA) completed the previously announced sale of 12 facilities leased to Genesis Healthcare Inc. (NYSE: GEN) for $134 million.

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Auction.com Names CTO

Irvine-based online distressed real estate auction company Auction.com promoted Amit Aggarwal to chief technology officer on Monday.

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Hotel Markets Strong in April; CBRE Ups Outlook

Average daily rates at hotels in seven Orange County submarkets increased year-over-year in both year-to-date and month-of-April comparisons, according to CBRE Hotels in Los Angeles; the real estate broker and consultant also increased its national hotel market outlook for the year.

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Irvine Co. Names Resorts President

Irvine Co. today named Scott Hermes its resorts division president to succeed Ralph Grippo.

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Disney Begins $100M Parking Structure

Disneyland Resort has begun building a 6,500-space parking structure valued, according to permits, at $100 million, and part of the park’s’ $2 billion expansion, which also includes a fourth hotel and Star Wars: Galaxy’s Edge.

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OC First On Galaxy’s Edge

Walt Disney Co. said Star Wars: Galaxy’s Edge will open at Disneyland Resort in summer 2019; the Walt Disney World iteration will follow in late fall.

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St Joe’s Walker to City of Hope

Annette Walker has been named president of City of Hope, Orange County, in charge of developing the cancer center planned for the Great Park Neighborhoods in Irvine.

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Rich Uncles Affiliate Gets CFO

A new student housing REIT backed by the Rich Uncles investment group named Raymond Pacini chief financial officer.

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Irvine Architectural Firm Bought

Gkkworks, an Irvine-based architectural firm with 100 employees, has been bought by CannonDesign.

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