Orange County Business Journal

REAL ESTATE

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

2016 YEAR in Review: Real Estate

Jabara’s Mobilitie, a wireless infrastructure firm whose business model is run much like a traditional real estate landlord, entered the year promising the “largest network deployment in the U.S.”

December 12, 2016 midnight   $$ Share
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Building Materials Firm Files for IPO

Foundation Building Materials Inc., a Tustin-based distributor of wallboard and suspended ceiling systems, among other items, has filed for an initial public offering.

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Nordstrom Out at MainPlace

Nordstrom Inc. in Seattle said it plans to close its department store at MainPlace Mall in Santa Ana in March. The closure will affect about 195 employees.

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Pacifica Sells SD Hotel

Pacifica Hotels in Irvine sold the 80-room Sommerset Suites in the Hillcrest neighborhood of San Diego for $19.5 million to Sentre Partners, also in San Diego.

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RSI Communities Buys Beaumont Site

Newport Beach-based homebuilder RSI Communities said it has bought a 228-acre site in the Riverside County city of Beaumont, where it plans to build a 981-home development called Olivewood.

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Developer Sets SJC Hotel Date

Stratus Development Partners in Newport Beach said its Hotel Capistrano project will open in summer 2018.

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Ensign Buys Assisted Living Land

Ensign Group Inc. in Mission Viejo bought the parcels under 15 assisted living facilities it runs in Wisconsin and plans to buy more land under the healthcare properties it operates in more than a dozen states.

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Proctor Joins Senior Living Board

Deborah Proctor will join the board of Front Porch, a Glendale-based nonprofit operator of senior and affordable housing communities, starting January.

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15-Story Hotel Tower OK’d

Costa Mesa’s Avenue of the Arts Hotel is set for a 63% expansion in room count following city planning commission approval on Nov. 28 of a new, 15-story tower adjacent to the existing property.

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Architects Buy New HQ

Architecture Design Collaborative in January will move its headquarters from Costa Mesa into a building it bought in Laguna Hills with plans to hire 10 to 15 architects and related staff through the first quarter of 2017.

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LoanDepot Buys Title Firm

LoanDepot LLC on undisclosed terms bought Closing USA LLC and will buy American Coast Title Co. Inc.

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Snyder Langston Names CFO

Irvine-based Snyder Langston named Gary Campanaro chief financial officer.

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Snyder Langston Names CFO

Irvine-based Snyder Langston named Gary Campanaro chief financial officer.

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Montage Wants London Locale

Montage Hotels & Resorts in Irvine said it aims to add London to its location list, a U.K. trade journal said.

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PHG Plans New Orleans AC Hotel Fix

Pacific Hospitality Group plans to renovate its AC Hotel in New Orleans during a closure that will last six to eight months, a local news report said.

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HCP to Sell 64 Properties for $1.1B

Irvine-based HCP Inc. has agreed to sell a portfolio of 64 properties leased to Brookdale Senior Living Inc. for $1.1 billion to affiliates of Blackstone Group in New York.