REAL ESTATE

San Clemente Site Looks to Add Hotel, Restaurants

Land Next to Outlets Mall Trades for $10 Million

A long-awaited hotel project at San Clemente’s Marblehead Coastal property appears to be taking steps toward construction.

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ACC North Gives NAMM Room

The 200,000-square-foot Anaheim Convention Center expansion has driven official notice by its biggest client that it, too, is in growth mode.

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Hotel Sales Mid-Year Tally: $372M

16 OC hotels sold for more $372 million in the first six months of the year—an average of $23.3 million and 201% higher by dollar volume than in the same period last year.

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LPA Names New CEO

LPA Inc., the largest architectural firm in Orange County, named Wendy Rogers as chief executive officer, succeeding Robert Kupper who was CEO for 30 years.

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Mapping Technology Firm Moving Irvine HQ to URP

REAL ESTATE: Digital Map move follows VC funding, buy

The latest technology tenant that Irvine Co. has landed to replace Broadcom Ltd. at University Research Park shouldn’t need help with directions to its new headquarters.

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No Land, No Problem For Developer Western Realco

$40M in Buys Kick Off 1-Million-SF Beckman Project

Western Realco isn’t the only game in town right now when it comes to industrial development in Orange County.

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Site of Ex-Vans HQ Now Primary Color’s

RETAIL: Printer consolidating operations to improve efficiencies

Primary Color Systems Corp. plans to move its operations to Cypress—to the office and warehouse complex that Vans Inc. called home for a decade before moving to Costa Mesa this summer.

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Real Estate Seller Sold for $1B-Plus

Ten-X LLC in Irvine will be bought by private equity firm Thomas H. Lee Partners LP in Boston for more than $1 billion, news reports said.

Developer Plans Va. Distribution Center

Panattoni Development Co. in Newport Beach bought 62 acres in Richmond, Va., to build a 1-million-square-foot distribution center, a local news report said.

JLL Adds Laguna Hills Appraisal Office to Local Mix

Deal for Integra Its 4th OC Buy Since 2014

Chicago-based JLL, whose Irvine office is one of the largest commercial brokerages here, has added an Orange County-based appraisal office to its operations in its latest area acquisition.

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Panattoni Plans 1M SF Center in Va.

Panattoni Development Co. in Newport Beach bought 62 acres in Richmond, Va., to build a 1-million-square-foot distribution center, a local news report said.

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Ten-X to Sell for $1B+

Ten-X LLC in Irvine will be bought by private equity firm Thomas H. Lee Partners LP in Boston for more than $1 billion, news reports said.

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Senior Living Dampens HCP Q2

Irvine-based healthcare real estate investment trust HCP Inc. reported funds from operations—FFO, the REIT equivalent of earnings—of $0.35 per share, down from $0.51 per share in the first quarter and $0.71 per share a year ago.

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NB Property in Record $55M Sale

A 3.5-acre Newport Beach property overlooking the harbor sold for an Orange County record of $55 million.

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Sunstone Buys Key West Resort

Aliso Viejo-based Sunstone Hotel Investors Inc. has paid $175 million for a newly-built resort property in Key West, Fla.

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