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.
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.
Wincome Names New Westin’s GM
Wincome Group said Carmine Iommazzo is its new general manager at Westin Anaheim Resort.
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.
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.
Bear Flag Owner to Lido Marina Village
Bear Flag Restaurant Group in Newport Beach plans to open a new restaurant at Lido Marina Village.
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.
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.
CareTrust Completes Skilled Nursing Buy
CareTrust REIT Inc. of San Clemente completed a two-stage acquisition comprised of seven skilled nursing facilities in Idaho.
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.
Spectrum Marriott Names GM
Chris Harrison will be general manager of the Marriott Irvine Spectrum, which opens in December.
$260M Laguna Hills Mall Project Stalled
Redevelopment of Five Lagunas, one of the largest retail projects underway in the region, has halted.
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.
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.
Irvine Coffeehouse Grows
An Irvine seller of Vietnamese-style coffee has changed its name and plans three more locations in the next year.
