Orange County Business Journal


Recent and archived news stories on: Apartments, Architecture, Brokers, Construction, Housing, Mortgages, Offices, Property Management, Realtors...
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Montage to Manage Non-Branded $60M Hotel

Irvine-based Montage Hotels & Resorts will manage a $60 million hotel in Baltimore being developed by Kevin Plank, founder of apparel company Under Armour Inc., according to the Baltimore Business Journal.

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LoanDepot Sets IPO Terms

LoanDepot Inc. has outlined details of its initial public offering, which appears to value the company at about $2.5 billion.

Homebuilder Tops List After 2 Years Back in Public Market

Industry Watchers Speculate It Could Be Ripe for Consolidation Trend

Improving fortunes in the housing market and a disciplined operating plan have provided a boost to the fortunes of William Lyon Homes Inc. during its return to the public markets.

Garden Grove Hyatt Draws Chinese Buyer

REAL ESTATE: Shanghai firm paid $137M for 653-room hotel

An affiliate of one of China’s largest construction companies has purchased the Hyatt Regency Orange County in Garden Grove for $137 million.

OC-Bound Sports Gear Maker Adds Brand to Fold

MARKETING: Will consolidate Philadelphia-based operation here

United Sports Brands will make its move from the Midwest to Orange County with one more brand in tow.

New Flag, Renovation for South Coast Metro Hotel

HOSPITALITY: $5M more for ex-Wyndham near Segerstrom

A $5 million room redo and a new brand for the former Avenue of the Arts Wyndham Hotel in Costa Mesa mark the latest upscale moves in a section of the city’s South Coast Metro district anchored by Segerstrom Center for the Arts.

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Hotel Manager Gets Equity, New Name

Newport Beach hospitality management company Unique Hotels & Resorts added an equity partner and launched a new company, Karas Lifestyle Hotels, to buy and manage properties.

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Kawasaki OC HQ to Foothill Ranch

Kawasaki Motors Corp. U.S.A said it will move its North American headquarters from Irvine to Foothill Ranch.

New Moves for Gym Chains

Local Companies Help Lead Industry Innovations in Fitness Workouts

Some of the hottest trends in the fitness industry are being developed in Orange County, prompting several locally based companies, including LA Fitness, UFC Gym and Fitwall, to aggressively expand their brands while offering very different experiences to their members.

Western Realco Gets Beckman-Coulter Site in Fullerton

REAL ESTATE: Business park would boost city’s industrial base

Western Realco is planning to build a multibuilding business park on land in Fullerton that previously held the headquarters of Beckman Coulter Inc.

Panattoni Lands Disney for Anaheim Concourse

REAL ESTATE: One of two largest at 14-building project

Walt Disney Co. has inked a deal to lease one of the largest new industrial buildings built in Anaheim over the past decade to support its local theme park and resort operations.

Monster Energy Duo Invests in Central OC

REAL ESTATE: Tower bought in deal with PRES Cos.

The cash-flush duo that runs Corona-based Monster Beverage Corp. is looking to provide a boost of energy to a high-profile office tower in Orange they’ve just bought.

Irvine Bank to Merge, Branches, HQ to Stay

Irvine-based Commercial Bank of California will merge with Brentwood-based National Bank of California, with CBC being the surviving entity.

Costa Mesa Hotel to Get New Name, Redo

The Avenue of the Arts Wyndham Hotel in Costa Mesa will be renovated and renamed under the Tribute Portfolio of Stamford, Conn.-based Starwood Hotels & Resorts Worldwide Inc.

13 Asics Stores Closed Due to Dispute

Asics America Corp.’s Fashion Island retail store is among 13 locations that licensed operator Windsor Financial Group LLC closed last week following a contract dispute between the companies.