Orange County Business Journal

REAL ESTATE

Recent and archived news stories on: Apartments, Architecture, Brokers, Construction, Housing, Mortgages, Offices, Property Management, Realtors...
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Montage's Pendry San Diego Opens

The Pendry San Diego opened last week in downtown San Diego’s Gaslamp Quarter; Pendry is the lifestyle urban hotel line of Montage International in Irvine, which also runs Montage Hotels & Resorts properties, including a flagship location in Laguna Beach.

By Lou Hirsh, Paul Hughes February 13, 2017 11:33 a.m. share »
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Hotel Deals Down in 2016

22 hotels sold in Orange County for $807 million last year, down 19% and 54%, respectively, from 2015, when 27 hotels sold for $1.8 billion, according to Atlas Hospitality Group in Irvine.

By Paul Hughes February 13, 2017 10:15 a.m. share »
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Mixed Results for First American

Santa Ana-based First American Financial Corp. reported title insurance and acquisitions boosted fourth-quarter revenue 11% to $1.5 billion.

By Peter J. Brennan February 9, 2017 10:34 a.m. share »
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Stearns to Sell B2B Mortgage Unit

Santa Ana-based Stearns Lending LLC is selling its Delegated Correspondent Lending business to Flagstar Bancorp Inc. of Troy, Mich., for an undisclosed price.

By Peter J. Brennan February 8, 2017 4:53 p.m. share »
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Ensign Buys in Texas

Mission Viejo-based Ensign Group Inc. acquired the real estate and operations of Parklane West Healthcare Center, a 124-bed skilled nursing and 17-bed assisted living facility in San Antonio, Texas, effective Feb. 1.

By Sherry Hsieh February 2, 2017 8:42 a.m. share »
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Stowell to Chair Housing Charity

HomeAid America, a Newport Beach-based building industry charity, said CalAtlantic Group Inc. executive chairman Scott Stowell will lead its Board of Directors as Chairman for the next two years.

By Mark Mueller January 30, 2017 10:45 a.m. share »
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OC Resorts, Hotels Hit AAA List

Four Orange County resorts earned Automobile Club of Southern California’s AAA “Five Diamond Award” and 10 resorts and hotels earned AAA “Four Diamond” status for 2017.

By Paul Hughes January 27, 2017 10:39 a.m. share »
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Hotel Development Stays Strong

Orange County has 11 hotels with 1,655 rooms under construction about on par overall with the seven hotels and 1,808 the market added last year.

January 26, 2017 2:56 p.m. share »
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Lee & Associates Names New Exec

Newport Beach-based Lee & Associates named Chris Coyte president and managing director.

By Sherry Hsieh January 25, 2017 9:31 a.m. share »
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Healthcare REIT Gets New Exec

Irvine-based senior housing real estate investment trust HCP Inc. named Peter Scott executive vice president and chief financial officer.

By Sherry Hsieh January 23, 2017 12:48 p.m. share »
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Building Materials Firm Files for IPO

Foundation Building Materials Inc., a Tustin-based distributor of wallboard and suspended ceiling systems, among other items, has filed for an initial public offering.

By Mark Mueller January 17, 2017 9:45 a.m. share »
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Nordstrom Out at MainPlace

Nordstrom Inc. in Seattle said it plans to close its department store at MainPlace Mall in Santa Ana in March. The closure will affect about 195 employees.

By Mediha DiMartino January 12, 2017 11 a.m. share »
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Pacifica Sells SD Hotel

Pacifica Hotels in Irvine sold the 80-room Sommerset Suites in the Hillcrest neighborhood of San Diego for $19.5 million to Sentre Partners, also in San Diego.

By Lou Hirsh, Paul Hughes January 11, 2017 3:49 p.m. share »
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RSI Communities Buys Beaumont Site

Newport Beach-based homebuilder RSI Communities said it has bought a 228-acre site in the Riverside County city of Beaumont, where it plans to build a 981-home development called Olivewood.

By Mark Mueller January 11, 2017 11:36 a.m. share »
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Developer Sets SJC Hotel Date

Stratus Development Partners in Newport Beach said its Hotel Capistrano project will open in summer 2018.

By Paul Hughes January 10, 2017 2:43 p.m. share »