REAL ESTATE

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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Island Hotel Changes Name

Island Hotel changed its name to Fashion Island Hotel.

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New CEO for Nonprofit Housing Group

American Family Housing in Midway City named Milo Peinemann chief executive, replacing Donna Gallup, who left the post in October after three years at the helm of the non-profit.

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Hyatt Regency Near JWA on the Way

The former Radisson Hotel Newport Beach is being renovated and will be reflagged as a Hyatt Regency in early 2018.

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Core Capital, Brighton in SD Hotel Deal

Brighton Management bought the 150-room Hyatt Place in Vista from Core Capital Management LLC for $27 million.

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MVE Promotes McLarand

MVE & Partners Inc., the fourth-largest architecture firm in Orange County, announced that President Rick Emsiek will step down as president and be replaced by Matthew McLarand, son of legendary founder Carl McLarand.

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RSI Sells for $1.075 Billion

RSI Home Products Inc., an Anaheim manufacturer started by Ron Simon, is selling itself in a deal worth $1.075 billion to American Woodmark Corp. (Nasdaq: AMWD).

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Five Point’s Debt Sees High Demand

Five Point Holdings LLC (NYSE: FPH) found bond buyers so eager for its high-yield debt that it increased the offering to $450 million.

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OC Hyatts Get New Area VP

Hyatt Hotels Corp. named David Nadelman general manager at Hyatt Regency Orange County in Garden Grove and vice president over six other high-end hotels with 4,500 rooms in Southern California.

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LA Times Site Sells for $65M

The owners of the Costa Mesa creative office complex that holds the headquarters of the Los Angeles Chargers have picked up an even larger redevelopment site next door.

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Nonprofit Gifted $8.5M Home

Big Brothers Big Sisters of Orange County and the Inland Empire received the biggest financial gift in its history: a home in Laguna Beach valued at $8.5 million.

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Karma to Open NB Showroom

Irvine-based Karma Automotive LLC will open a showroom and its first company-owned dealership on Monday along the Pacific Coast Highway in Newport Beach.

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