REAL ESTATE
AC Hotel Irvine Opens
The AC Hotel Irvine opened March 31.
Carnival to Double Long Beach Berths
Carnival Cruise Line will double its Long Beach operations in square footage and ships under an expansion that breaks ground tomorrow.
Five Point Refiles IPO
Five Point Holdings LLC in Aliso Viejo refiled its registration to go public and set a placeholder value of $100 million on the offering.
Wincome Group Renames Hotel
The former Anaheim Plaza Hotel & Suites has been renamed Anaheim Hotel, said hotel owner Good Hope International.
Alliant Buys SES Insurance Brokerage
Alliant Insurance Services Inc. in Newport Beach bought SES Insurance Brokerage Services Inc. in Santa Ana on undisclosed terms.
Ex-Morgan Stanley Chief to Chair Lantern Credit
John Mack, former chairman and chief executive at Morgan Stanley, was appointed chairman of the board of managers of Newport Beach-based Lantern Credit LLC.
Bank in Strategic Review
California First National Bancorp, which is trying to improve its risk-management system, said it’s undertaking a strategic review of options after a regulator advised a further reduction of leveraged loans.
New CEO for Irvine Homebuilder
MBK Homes LLC President and Chief Executive Timothy Kane has announced his retirement from the Irvine-based homebuilder.
Starwood Exits TRI Pointe
Starwood Capital Group is exiting TRI Pointe Group Inc. with the sale of 12 million shares, or 7.5% of the Irvine-based homebuilder.
Bank Strikes Deal With Activist Investors
Irvine-based Banc of California Inc. said it has reached an agreement with Legion Partners Asset Management LLC to avoid a proxy battle.
Pelican Hill Names Managing Director
Tom Donovan will join Resort at Pelican Hill in Newport Coast at the end of the month as managing director.
Disney-Area Ramada to Reflag
Ramada Plaza Anaheim plans to become a Wyndham Garden hotel after a $4 million renovation set to take six months.
Grand Californian Gets Redo
Disney’s Grand Californian Hotel & Spa in Anaheim is being renovated with changes to its guest rooms, lobby, pool and other areas in “the most extensive refurbishment since” the 948-room property opened in 2001.
Bank Shifts Funds for Stadium Deal
Irvine-based Banc of California plans to reallocate $3.5 million in sponsorships to partially offset the costs for the naming rights to the new $350 million stadium of the Los Angeles Football Club.
CoreLogic Names Martell CEO
Irvine-based CoreLogic has named Frank Martell its new president and chief executive.
