Orange County Business Journal

REAL ESTATE

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

Office Construction

Largest OC projects in Q4

Largest OC projects in Q4

Industrial Sales

Largest OC transactions in Q4

Largest OC transactions in Q4

Lease Rates Rise In Tight Office Market

The Orange County office market’s asking lease rates continued to jump in the fourth quarter as owners responded to the lack of availability.

Industrial Construction

Largest OC projects in Q4

Largest OC projects in Q4

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St. Regis to Get Miraval Spa

The St. Regis Monarch Beach Resort is set to get a Miraval Life in Balance Spa, according to a hotel trade journal.

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Pacific Hospitality Makes Hawaii Buy

Irvine-based Pacific Hospitality Group bought Ko'a Kea Hotel & Resort on the island of Kauai in Hawaii from CTF Ko’a Kea Hotel, LLC on undisclosed terms.

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Sadeghi’s LAB Pays $10M for Anaheim Sites

LAB Holding LLC in Costa Mesa will buy four development sites from the city of Anaheim for $10.1 million.

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CHOC Pays $44M for Orange Office

Children’s Hospital of Orange County has bought an eight-story medical and office building next to its main campus in Orange.

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Franchisee Seeks Up to 20 Smoothie Sites

Newport Beach-based RanaKaran Investments LLC said it will franchise 10 to 20 locations of Atlanta-based Tropical Smoothie Café in Orange County over the next five years, plus 10 to 20 in San Diego County.

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CoreLogic Buys Again

CoreLogic Inc. paid Wells Fargo Bank N.A. $65 million for the 49.9% of RELS LLC it didn’t yet own.

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Anaheim Buyer for $12M SD Hotel

Anaheim-based Fortune Hospitality LLC has acquired the 78-room Best Western Plus hotel in La Mesa for $12.4 million, according to CoStar Group and brokerage company Atlas Hospitality Group.

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Disney Area Hotel Seeks 180 Rooms

Owners of the 86-room Park Vue Inn envision more rooms and smaller restaurants as part of a redevelopment, according to documents filed this month with the city of Anaheim.

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REIT Buys Again in Colorado

Steadfast Apartment REIT, an affiliate of Irvine-based Steadfast Cos., has acquired a 222-unit apartment complex in Colorado for $44.2 million.

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Mall Manager Changes With Sale

Westfield MainPlace in Santa Ana will get new management as Sydney-based Westfield Corp. sold a majority stake in the mall to a partnership that includes USAA Real Estate Co. in San Antonio, Texas, Dallas-based Centennial Real Estate Co. and Montgomery Street Partners LLC in San Francisco.

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Sunstone Sheds NY Hotel for $540M

Aliso Viejo-based hotel investor and operator Sunstone Hotel Investors Inc. said that it has sold its leasehold interest in New York City’s Doubletree Guest Suites Times Square for $540 million.