REAL ESTATE

Airport GA Plan Advances

Supervisors approved an initial framework for John Wayne Airport’s general aviation improvement plan on March 13 by a vote of 4 to 0, with one supervisor absent from the afternoon session tally.

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MemorialCare Closes Hospital

Long Beach Medical Center filed a 120-day lease termination notice on behalf of Community Medical Center Long Beach.

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Bixby Land CEO Halford Dies

Bixby Land Co. chief executive William "Bill" Halford, one of Orange County’s better-known real estate executives, died Monday. He was 58.

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Laguna Hotel Sells for $21M

Laguna Riviera Beach Resort sold for $21 million, title transfers and CoStar Group information confirm.

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Montage Sets Sonoma Details

A long-rumored Montage Hotels & Resorts property in wine country gets underway this spring for an expected 2020 opening.

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William Lyon Homes Pays $460M for Local Builder

William Lyon Homes said on Tuesday that it has agreed to buy fellow Newport Beach-based homebuilder RSI Communities, for $460 million.

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Renaissance NB Readied

Renaissance Hotel Newport Beach debuted today, with the full $30 million renovation expected to finish by spring, a press release said.

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Hotel Sales Stable on No ‘Big Deal’

OC hotels sold at a slightly lower rate for a markedly lower dollar volume last year—but results were affected by the lack of a trophy property sale in 2017, a survey by broker-consultant Atlas Hospitality Group in Irvine shows.

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Debt Servicer Buys Second Disney-Area Hotel

An affiliate of CW Capital Asset Management LLC bought the Portofino Inn & Suites for $26 million, its second such deal in the last few years for the bad debt of a Disneyland Resort-area hotel.

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Hsieh Hires Heller for 'mello' Unit

LD Holdings Group LLC, parent company of loanDepot, the nation’s fifth largest retail lender, today named real estate executive Chris Heller to head its recently-launched mello Home business.

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Kimpton, Le Meridien Target Garden Grove

A Kimpton and a Le Meridien are two of the three hotels coming to a 5-acre site, next to a Target store and across Harbor Blvd. from the Hyatt Regency Orange County, in Garden Grove.

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LoanDepot Unveils 2 New Businesses

LoanDepot LLC, the second largest non-bank mortgage lender in the U.S., launched two new businesses to expand real estate lending through its technology platform dubbed Mello.

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Amazon Skips OC on Short-List

Orange County didn’t make the cut as a potential home to Amazon’s second headquarters, as the e-commerce giant announced its short list of potential locations for its massive HQ2 project.

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George and Julia Argyros Give $7.5M for Coliseum Plaza

George and Julia Argyros have given $7.5 million through their family foundation in Costa Mesa toward the renovation of the Los Angeles Coliseum and a peristyle plaza will get the couple’s name.

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H&M Heads Spectrum Center Expansion

A two-story, flagship H&M clothing store is the largest of the new slate of tenants coming this summer to a new phase of the Irvine Spectrum Center.

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