REAL ESTATE

LoanDepot Starts JV

LoanDepot LLC, the nation’s second largest non-bank consumer lender, announced a joint venture with OfferPad, a real estate investment company, to speed up the process of mortgage approval.

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Two Firms Return Long Beach Airport RFP

Ross Aviation and Gulfstream Aerospace Corp. responded by a Nov. 1 deadline to a Long Beach Airport request for proposals on the development of 31 acres near the facility.

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Wincome Names New Westin’s GM

Wincome Group said Carmine Iommazzo is its new general manager at Westin Anaheim Resort.

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Lennar Buys CalAtlantic

CalAtlantic Group Inc. in Irvine is being purchased by Lennar Corp. in a $9.3 billion deal, one of the largest on Wall Street this year.

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St. John Cuts Include Boutique

St. John Knits International Inc. will cut 72 jobs in Irvine effective December 11, according to a Worker Adjustment and Retraining Notification it filed with the state Employment Development Department.

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Bear Flag Owner to Lido Marina Village

Bear Flag Restaurant Group in Newport Beach plans to open a new restaurant at Lido Marina Village.

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Stearns Cuts Third of OC Workforce

Stearns Lending LLC, one of the nation’s largest non-bank mortgage lenders, is cutting 159 jobs, about a third of its workforce in Orange County.

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Braille Institute Breaks Ground on New Center

The Braille Institute broke ground today on a $10 million center that’s expected to open next fall at 527 N. Dale Ave. in Anaheim.

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CareTrust Completes Skilled Nursing Buy

CareTrust REIT Inc. of San Clemente completed a two-stage acquisition comprised of seven skilled nursing facilities in Idaho.

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PHG Sells Bacara

Irvine-based Pacific Hospitality Group has sold of one of its high-end hotel properties, Bacara Resort & Spa in Santa Barbara County.

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Spectrum Marriott Names GM

Chris Harrison will be general manager of the Marriott Irvine Spectrum, which opens in December.

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$260M Laguna Hills Mall Project Stalled

Redevelopment of Five Lagunas, one of the largest retail projects underway in the region, has halted.

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Khanna Sells Venice Hotel

Khanna Enterprises Ltd. in Irvine sold the 12-story, 250-room Custom Hotel in the Westchester area of Los Angeles for more than $40 million, or at least $160,000 per room.

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Irvine Co. Making Serious Push for Amazon HQ2

The Irvine Co. said it’s making a serious push to bring Amazon to Irvine for the e-commerce giant’s second headquarters, and has enlisted its former No. 2 executive to lead the project.

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Irvine Coffeehouse Grows

An Irvine seller of Vietnamese-style coffee has changed its name and plans three more locations in the next year.

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