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New businesses continued to migrate to the Mid-Counties industrial market at the border of Los Angeles and Orange counties in the first quarter as existing businesses expanded, resulting in 256,044 square feet of positive net absorption.
Museum Closed in 2014, Sells for Nearly $1,500/SF
An office near Fashion Island shopping center that previously held the Newport Sports Museum has sold for what looks to be one of the highest recent prices for an office deal in Orange County per square foot.
Apex Parks Group LLC in Aliso Viejo bought Martin’s Fantasy Island theme park in Grand Island, N.Y., on undisclosed terms.
Irvine-based HCP Inc. will spin off its HCR ManorCare skilled nursing and assisted living businesses into a separate, publicly traded real estate investment trust.
Santa Ana-based Stearns Lending LLC named Steve Smith chief financial officer.
Aliso Viejo-based FivePoint Communities Inc. completed a reorganization that gives it ownership of four of California’s largest master-planned communities, including Irvine’s Great Park Neighborhoods.
An affiliate of Anaheim-based Marwaha Group Inc. bought the 94-room TownePlace Suites hotel in Vista from Carlsbad-based TMACK Melrose LLC for $15 million, according to CoStar Group and public data.
Irvine-based Pacific Hospitality Group plans to break ground April 29 on a four-story, 145-room hotel across the street from its Meritage Resort & Spa in Napa, according to a local news report.
Irvine-based architectural design firm MVE & Partners promoted Matthew McLarand, formerly a senior associate partner, to principal.
The Busch Family Foundation in Irvine gave $15 million to Catholic University of America, news reports said.
Anaheim’s Planning Commission on Monday approved plans for a 580-room hotel at the corner of Harbor Boulevard and Disney Way, which sends the proposal to the city council to consider on May 17.
Western State College of Law has moved from Fullerton to Irvine, leasing space at 1 Banting in Irvine, part of a two-building California State University-Fullerton Irvine campus in the Irvine Spectrum.
Orange County added 8,800 jobs in March to maintain a 4% unemployment rate.
Orange-based real estate appraisal company LRES acquired InsideValuation, a commercial and residential appraisal company in Reno, Nevada, on undisclosed terms.
House of Blues Anaheim owner Live Nation Entertainment Inc. lists a May 31 closing date for the Downtown Disney venue in a filing with the California Employment Department.