Orange County Business Journal


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

Tustin-based electrical engineering firm R.E. Wall and Associates Inc. was acquired by Los Angeles-based Morrow Meadows Corp.

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Pacifica in $44M Hotel Sale

Irvine-based Pacifica Hotels sold the Hilton Garden Inn Marina del Rey to Chatham Lodging Trust in West Palm Beach, Fla., for $44.5 million.

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Sandwich Chain to End Franchisee Deal

Capriotti’s Sandwich Shops, which a news report in 2012 said planned 35 locations in Orange County, will end its relationship with the franchisee of the four restaurants open here.

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Former DP Hotel Hopeful Files for BK

A developer that lost a bid to build a 5-story, 250-room hotel in Dana Point has filed for Chapter 11 bankruptcy in Santa Ana, a court filing said.

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Ritz, Montage Owner to Blackstone in $6B Deal

The owner of the Ritz-Carlton Laguna Niguel in Dana Point and the Montage Laguna Beach will be sold to real estate investor Blackstone Group LP in New York City for $6 billion in a cash-and-debt deal expected to close in early 2016.

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Anna’s Subleases 16 Stores to Party City

Costa Mesa-based Anna’s Linens Inc. subleased 16 of its stores to Party City Corp., which plans to set up Halloween pop-up shops, according to documents filed with the U.S. Bankruptcy Court for the Central District of California in Santa Ana.

Advantage OC

‘Outdoor Living’ Leads Sports Gear Maker to Fountain Valley

A big chunk of the operations of the newly organized and renamed United Sports Brands will move into a 134,000-square-foot shop in Fountain Valley in December—just in time to remind employees who will be relocating from the Midwest of a key reason for the move.

Global Drama, Local Grind

OC-Based Public Companies Take Share of Licks, Carry On

Orange County’s diverse crop of publicly traded companies held up relatively well as worries about China’s economy whipsawed the stock market here and in other markets around the world.

Next in Anaheim: JW Marriott Set to Join Hotel Lineup

HOSPITALITY: 4-diamond entry expected for GardenWalk area

A 2.8-acre parcel near Anaheim GardenWalk is in line for a 466-room, 12-story JW Marriott hotel, according to documents filed with the city of Anaheim.

Stadium Towers Owner Sees Room for More

REAL ESTATE: Could add 300,000 SF, 15 stories on Katella

The owner of Stadium Towers Plaza, a 12-story office next to Angel Stadium of Anaheim, is in the early stages of planning to double down on the same site.

Stantec Buys Another Neighbor in Irvine

SERVICES: Latest deal brings ‘unique skills’ on water work

Irvine-based civil engineering firm VA Consulting Inc. has been acquired by Stantec Inc. on undisclosed terms.

Oculus Effect: Newport Gateway Lands Tech Tenants

REAL ESTATE: Irvine Company revamps, recasts office complex

Oculus VR Inc. might not count Irvine as its headquarters any more, but the virtual reality headset maker’s influence on Orange County’s technology sector can still be seen in the buildings where its local operations are housed.

Concordia Adds 1,700 in 10 Years

Concordia University-Irvine said a trade publication for higher education listed the school as one of the fastest-growing private nonprofit universities nationally as a result of a 132% increase in students over 10 years starting in 2003 to about 4,050.

Incubator Move to OC to Boost Startup Aid Network

Cie Digital Aims For Up To 4 Launches Per Year

Cie Digital Labs’ recent move from Long Beach to Irvine could boost OC’s developing ecosystem of incubators, a mix of real-estate-driven plays, public and private partnerships, and co-working spaces.

Central, North OC Office Market Vacancies Down

The Central and North Orange County office submarkets have traditionally trailed the Greater Airport Area and South Orange County office submarkets in terms of vacancy, average asking lease rates, and space absorption, and 2015 has been no different.