REAL ESTATE

ROC out at Newport Office Park

Newport Beach-based Real Office Centers (ROC) voluntarily terminated its lease at 23 Corporate Plaza in Newport Beach according to a notice its sub-leasees received Monday.

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CoreLogic GC to Leave

Stergios “Terry” Theologides, general counsel and secretary of CoreLogic Inc., will leave the Irvine-based real estate real estate data and research company next month.

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Sabra-CCP Deal Gets Shareholder OK

Sabra Health Care REIT Inc. shareholders voted to approve a proposal to issue common stock related to a pending $7.4 billion merger with Care Capital Properties Inc., a transaction scheduled to close Thursday.

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Evolution Sells LAX Hotel for $54M

Evolution Hospitality in San Clemente and Argosy Real Estate Partners in Wayne, Pa., sold the 216-room DoubleTree by Hilton Hotel LAX in El Segundo for about $54.1 million, sales records show.

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Market Concerned About Sabra REIT’s CCP Buy

But Company Plans To Go Forward With Deal

Irvine-based Sabra Health Care REIT Inc.’s $7.4 billion all-stock merger with Care Capital Properties Inc. in Chicago—which will create a company with a portfolio of 546 investments across 43 states and Canada—faces some headwinds after proxy advisory firm Institutional Shareholder Services Inc. recommended Sabra shareholders oppose the acquisition.

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Ayres SD Hotel Breaks Ground

An Ayres Hotel is part of a development breaking ground tomorrow in Chula Vista.

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Veritone Takes AI-Centric Business to Costa Mesa

New HQ at The Met Follows May IPO

Artificial intelligence technology and media firm Veritone Inc., fresh off an initial public offering in May that raised $37.5 million, is moving its headquarters to a larger space in Costa Mesa.

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Fashion Island at 50

‘You had to dream a lot’ in ’67

Every pair of shoes Tom Gazsi wore until he reached high school, his parents bought at Dick Marowitz’s Newport Children’s Bootery at Fashion Island—“Adidas, saddle shoes, dress shoes, everything!”

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Industrial Deal Puts Sears’ OC Sales Near $228M

LBA Buys Big Industrial Site on Warner For $41M

An affiliate of struggling retailer Sears Holdings Corp. has sold a second sizable Orange County property in less than a month, the Business Journal has learned.

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FivePoint Goes Commercial With $443M Irvine Deal

REAL ESTATE: Broadcom site renamed; Irvine Co. model eyed

FivePoint Communities Inc. has completed the blockbuster $443 million purchase of Broadcom Ltd.’s campus where construction is wrapping up in Irvine.

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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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