REAL ESTATE
OC Hotel Development Down in 2017
Fewer and smaller hotels opened in Orange County last year, Atlas Hospitality Group in Irvine said.
OC’s Largest Housing Developments See 3,724 Sales in ‘17
The Irvine Ranch retained its position as the best-selling master-planned community in Orange County last year, while three other communities in Orange County also ranked among the top 20 in the nation for sales in 2017, according to a new report.
CoreLogic Taps Pinkston for GC
CoreLogic Inc. in Irvine named Arnold Pinkston general counsel.
Bren was Pitch Perfect
The Business Journal has selected Irvine Company Chairman Donald Bren as its Business Person of the Year.
PHG to Exit Balboa Bay
Irvine-based hotel owner-operator Pacific Hospitality Group Ventures Inc. won’t co-run Balboa Bay Resort, Balboa Bay Club, and Newport Beach Country Club after March 2018.
Impac Hires loanDepot Vet
Irvine-based Impac Mortgage Holdings Inc. (NYSE: IMH) hired a longtime mortgage expert from larger rival loanDepot Inc. of Foothill Ranch.
Fifth Third Hires Yurosek
Joseph Yurosek, Comerica Bank’s market president for the Orange County region, has been named California Market President for Fifth Third Bancorp.
Island Hotel Changes Name
Island Hotel changed its name to Fashion Island Hotel.
New CEO for Nonprofit Housing Group
American Family Housing in Midway City named Milo Peinemann chief executive, replacing Donna Gallup, who left the post in October after three years at the helm of the non-profit.
Hyatt Regency Near JWA on the Way
The former Radisson Hotel Newport Beach is being renovated and will be reflagged as a Hyatt Regency in early 2018.
Core Capital, Brighton in SD Hotel Deal
Brighton Management bought the 150-room Hyatt Place in Vista from Core Capital Management LLC for $27 million.
MVE Promotes McLarand
MVE & Partners Inc., the fourth-largest architecture firm in Orange County, announced that President Rick Emsiek will step down as president and be replaced by Matthew McLarand, son of legendary founder Carl McLarand.
RSI Sells for $1.075 Billion
RSI Home Products Inc., an Anaheim manufacturer started by Ron Simon, is selling itself in a deal worth $1.075 billion to American Woodmark Corp. (Nasdaq: AMWD).
Five Point’s Debt Sees High Demand
Five Point Holdings LLC (NYSE: FPH) found bond buyers so eager for its high-yield debt that it increased the offering to $450 million.
OC Hyatts Get New Area VP
Hyatt Hotels Corp. named David Nadelman general manager at Hyatt Regency Orange County in Garden Grove and vice president over six other high-end hotels with 4,500 rooms in Southern California.
