REAL ESTATE

Real Estate Exec Stan Ross Dies at 82

Stan Ross, who had a major influence on Southern California’s real estate industry through his accounting and finance work, died at age 82 on Sunday from complications of a stroke.

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Montage Los Cabos Open

Montage International’s Los Cabos resort is ready for its close-up.

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PHG’s Kramer Departs; Hotel Runner Gets VP

Pacific Hospitality Group Chief Investment Officer Kory Kramer left the Irvine-based hotel owner-operator to start a hospitality venture. He’s now a consultant with PHG, which named a new vice president of investments to take on some of his former responsibilities.

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Sabra Sells 12 Facilities for $134M

Irvine-based Sabra Health Care REIT Inc. (Nasdaq: SBRA) completed the previously announced sale of 12 facilities leased to Genesis Healthcare Inc. (NYSE: GEN) for $134 million.

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Auction.com Names CTO

Irvine-based online distressed real estate auction company Auction.com promoted Amit Aggarwal to chief technology officer on Monday.

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Hotel Markets Strong in April; CBRE Ups Outlook

Average daily rates at hotels in seven Orange County submarkets increased year-over-year in both year-to-date and month-of-April comparisons, according to CBRE Hotels in Los Angeles; the real estate broker and consultant also increased its national hotel market outlook for the year.

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Irvine Co. Names Resorts President

Irvine Co. today named Scott Hermes its resorts division president to succeed Ralph Grippo.

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Disney Begins $100M Parking Structure

Disneyland Resort has begun building a 6,500-space parking structure valued, according to permits, at $100 million, and part of the park’s’ $2 billion expansion, which also includes a fourth hotel and Star Wars: Galaxy’s Edge.

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OC First On Galaxy’s Edge

Walt Disney Co. said Star Wars: Galaxy’s Edge will open at Disneyland Resort in summer 2019; the Walt Disney World iteration will follow in late fall.

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St Joe’s Walker to City of Hope

Annette Walker has been named president of City of Hope, Orange County, in charge of developing the cancer center planned for the Great Park Neighborhoods in Irvine.

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Rich Uncles Affiliate Gets CFO

A new student housing REIT backed by the Rich Uncles investment group named Raymond Pacini chief financial officer.

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Irvine Architectural Firm Bought

Gkkworks, an Irvine-based architectural firm with 100 employees, has been bought by CannonDesign.

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Disney Growth Plans Extend to Industrial Sites

REAL ESTATE: Largest Q1 lease for Cerritos Ave. building

Walt Disney Co. recently signed a lease for an industrial building in Anaheim, the latest notable real estate move of Orange County’s largest employer and the biggest industrial lease in OC so far this year by square footage.

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State Fines Oil Driller $12.6M

State regulators fined Greka Oil & Gas $12.6 million for safety violations related to the Richfield oil fields northeast of Anaheim.

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Ten-X Unit Adds COO

Auction.com named Min Alexander chief operations officer, replacing Javid Jaberi, who the company said is retiring.

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