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Sprouts Backers’ Sights Turn to Industrial Market

REAL ESTATE: Horowitz Group latest McFadden Center ownersAn investment group in Laguna Niguel that’s best known for its restaurant and grocery chain investments, including in Sprouts Farmers Market, is turning its attention to Orange County’s industrial market.

Hotel Sales Stable on No ‘Big Deal’

OC hotels sold at a slightly lower rate for a markedly lower dollar volume last year—but results were affected by the lack of a trophy property sale in 2017, a survey by broker-consultant Atlas Hospitality Group in Irvine shows.

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Debt Servicer Buys Second Disney-Area Hotel

An affiliate of CW Capital Asset Management LLC bought the Portofino Inn & Suites for $26 million, its second such deal in the last few years for the bad debt of a Disneyland Resort-area hotel.

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Hsieh Hires Heller for 'mello' Unit

LD Holdings Group LLC, parent company of loanDepot, the nation’s fifth largest retail lender, today named real estate executive Chris Heller to head its recently-launched mello Home business.

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Kimpton, Le Meridien Target Garden Grove

A Kimpton and a Le Meridien are two of the three hotels coming to a 5-acre site, next to a Target store and across Harbor Blvd. from the Hyatt Regency Orange County, in Garden Grove.

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LoanDepot Unveils 2 New Businesses

LoanDepot LLC, the second largest non-bank mortgage lender in the U.S., launched two new businesses to expand real estate lending through its technology platform dubbed Mello.

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Amazon Skips OC on Short-List

Orange County didn’t make the cut as a potential home to Amazon’s second headquarters, as the e-commerce giant announced its short list of potential locations for its massive HQ2 project.

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George and Julia Argyros Give $7.5M for Coliseum Plaza

George and Julia Argyros have given $7.5 million through their family foundation in Costa Mesa toward the renovation of the Los Angeles Coliseum and a peristyle plaza will get the couple’s name.

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H&M Heads Spectrum Center Expansion

A two-story, flagship H&M clothing store is the largest of the new slate of tenants coming this summer to a new phase of the Irvine Spectrum Center.

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OC Hotel Development Down in 2017

Fewer and smaller hotels opened in Orange County last year, Atlas Hospitality Group in Irvine said.

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OC’s Largest Housing Developments See 3,724 Sales in ‘17

The Irvine Ranch retained its position as the best-selling master-planned community in Orange County last year, while three other communities in Orange County also ranked among the top 20 in the nation for sales in 2017, according to a new report.

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CoreLogic Taps Pinkston for GC

CoreLogic Inc. in Irvine named Arnold Pinkston general counsel.

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Bren was Pitch Perfect

The Business Journal has selected Irvine Company Chairman Donald Bren as its Business Person of the Year.

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PHG to Exit Balboa Bay

Irvine-based hotel owner-operator Pacific Hospitality Group Ventures Inc. won’t co-run Balboa Bay Resort, Balboa Bay Club, and Newport Beach Country Club after March 2018.

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Impac Hires loanDepot Vet

Irvine-based Impac Mortgage Holdings Inc. (NYSE: IMH) hired a longtime mortgage expert from larger rival loanDepot Inc. of Foothill Ranch.

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Fifth Third Hires Yurosek

Joseph Yurosek, Comerica Bank’s market president for the Orange County region, has been named California Market President for Fifth Third Bancorp.

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