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Two luxury hotels in Orange County – the Montage Laguna Beach in Laguna Beach and the Ritz-Carlton Laguna Niguel in Dana Point—have a new China-based owner.
Sales and leases of offices, industrial buildings, retail space and apartments
Hamilton Center, a multitenant shopping center in Huntington Beach, was sold for $3.3 million, or about $485.29 per square foot.
The Central and North Orange County office submarkets have traditionally trailed the Greater Airport Area and South Orange County office submarkets in terms of vacancy, average asking lease rates, and absorption of space, and last year was no different.
Boot Barn HQ, Printronix Office Also Part of Move
An expansion of Masimo Corp.’s local facilities appears to have set off a chain reaction of corporate relocations in the Irvine Spectrum area involving Boot Barn Holdings Inc. and Printronix Inc.
Nellson Nutraceutical LLC, a maker of nutrition bars and powders, has relocated its headquarters from Irwindale to Anaheim.
CKE Restaurants Inc.— based in Carpinteria, Calif., near Santa Barbara, but with a sizable presence in Anaheim, where it has its roots—is moving its headquarters to Nashville.
The Outlets at Orange said it will begin construction on 60,000 square feet of retail space this month.
The Waterfront Beach Resort, a Hilton Hotel in Huntington Beach put together a $140 million financing and land acquisition deal for its long-planned expansion.
The optical device division of Fujifilm North America Corp. has moved its West Coast headquarters from Redondo Beach to the company's facility in Cypress.
Fewer hotels sold for more money last year in Orange County.
Irvine-based Pacifica Hotels bought the San Simeon Pines Seaside Resort in Cambria, Calif.
Irvine-based architecture firm KTGY Group Inc. named Jill D. Williams its new board chairman.
Orange County had 37 hotels with 6,705 rooms under construction or in planning at the end of 2015, a report by Irvine-based Atlas Hospitality Group Inc. said.
REAL ESTATE: Fitness, health centers, outdoor upgrades
Irvine Company, Orange County’s dominant landlord, is preparing to launch a package of fitness, wellness and outdoor amenities for a large portion of its office portfolio.
Angel Investors Start Due Diligence on Pair of Startups
The Cove Fund I selected two startups to move on to the next stage—due diligence—after hosting a pitch session on Jan. 26.