REAL ESTATE

Recent and archived news stories on: Apartments, Architecture, Brokers, Construction, Housing, Mortgages, Offices, Property Management, Realtors...

Hines’ OC Head To Run Asia Office, HQ

Commercial real estate development and investment giant Hines plans to ramp up its work in Asia, and has tapped the head of the firm’s busy Orange County office to lead the charge.

FivePoint Amphitheatre Operator Buys SA Venue

Live Nation Entertainment Inc. (NYSE: LYV) bought the Observatory OC music hall in Santa Ana and is close to buying a similar venue in San Diego.

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Parcel Pending Names Irvine Co. Alum CMO

Irvine-based Parcel Pending hired Colleen Lambros as chief marketing officer.

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CareTrust to Raise $135M

San Clemente’s CareTrust REIT Inc. (Nasdaq: CTRE) increased the size of a public offering that’s now expected to raise $135 million, to help pay debt.

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Ensign Group Makes 2 Acquisitions

Mission Viejo’s the Ensign Group Inc. (Nasdaq: ENSG), today bought two healthcare facilities in the Dallas and Phoenix areas.

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Irvine Co.'s Wirta to Retire

Ray Wirta is retiring as President of Newport Beach’s Irvine Co., ending a nine-year run at Orange County’s dominant real estate company.

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Field Goals

Execs enjoy soccer’s competition and camaraderie—and learn key business lessons

You don’t need much to play soccer—a ball, a flat patch of land and anything to serve as goal posts.

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Mechanics Bank Buys Rabobank for $2.1 Billion

Mechanics Bank, whose Chief Executive John DeCero splits half of his time in its Irvine office, purchased Rabobank N.A. for $2.1 billion.

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Marriott Wraps $32M Redo

Anaheim Marriott has concluded a two-year, $32 million hotel renovation.

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$218M Land Deal in Irvine

Five Point Holdings, LLC (NYSE: FPH) has sold an additional 41 acres of land at its Great Park Neighborhoods development in Irvine for about $218 million, the company announced Wednesday as part of its fourth quarter earnings report.

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Disney Sets Galaxy’s Edge Opening

Disneyland Resort in Anaheim will open its Star Wars: Galaxy’s Edge attraction in two phases, starting May 31.

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Tri Pointe Forecasts Fewer Homes

Irvine-based homebuilder Tri Pointe Group Inc. (NYSE: TPH) reported a 34% jump in net income during the fourth quarter while forecasting a decline in both new homes and their average selling prices this year.

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Sundt, Cypress, Begin $80M ‘SEM’ Building

Irvine-based Sundt Construction broke ground on an $80 million project at Cypress College.

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Sunstone Quarterly Revenue Up

Aliso Viejo-based hotel REIT Sunstone Hotel Investors Inc. (NYSE: SHO) reported better-than-expected fourth-quarter results Tuesday, with revenue increasing 3.2% to $280.9 million in the period.

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WeWork Signs Big Lease Near JWA

Coworking firm WeWork has inked a lease for its second large location in Irvine close to John Wayne Airport.

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