REAL ESTATE

Designers Redraw Two Westins

Vanrooy Design LLC in Santa Ana follows-up interior design work on a $23 million Westin Long Beach renovation with similar efforts for the Westin Las Vegas.

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Mitsubishi Markets 178K-SF HQ

Mitsubishi Motors is selling its Cypress headquarters as part of a planned move to Tennessee.

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Chapman Forecast: Housing Market Healthy

Chapman University data, countering conventional wisdom, suggests a healthy housing market in OC.

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Cloudvirga Adds to Exec Ranks

Irvine’s Cloudvirga, a fast-growing mortgage software company that has raised more than $77 million from investors since its 2016 founding, has hired Maria Moskver as chief legal and compliance officer.

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Blackstone’s Stearns Files BK

Santa Ana’s Stearns Holdings LLC, the country’s 20th-largest mortgage lender, filed for chapter 11 protection this morning in U.S. Bankruptcy Court in New York.

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Santa Ana Apartment Development Sells for $101M

228-Unit Project Opening This Year

A 228-unit apartment project under construction in Santa Ana has sold for north of $100 million to a private investment firm.

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Invesco Lists 2 Aliso Offices

169,315 SF Along Polaris Way

The local office of Dallas-based Invesco Real Estate is selling part of its office holdings in Aliso Viejo.

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Mitsubishi Selling Cypress HQ

178,000-SF Building Is Second Largest in City

Mitsubishi Motors is selling its Cypress headquarters as part of its relocation to Tennessee.

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Santa Ana Building Goes for $55M

REAL ESTATE: Airport area property is third to sell since May

A 216,864-square-foot Santa Ana office building has traded hands for about $55 million, marking one of the largest investment sales in Orange County this year.

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TRI Pointe CFO Grubbs to Retire

Irvine-based TRI Pointe Group Inc. (NYSE: TPH) said Monday its chief financial officer, Mike Grubbs, will step down at the start of next year.

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Edwards Kicks Off Nearly $240M Campus Expansion

REAL ESTATE: Project will add 500,000 SF, jobs

Orange County’s largest publicly traded company now has the largest office development underway in the area around John Wayne Airport.

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Mechanics Bank to Have 2 CEOs

Mechanics Bank (OTCBB: MCHB) announced it will have two chief executives after its acquisition of Rabobank, N.A., a subsidiary of Rabobank Group.

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City of Hope Expands Irvine Plans

Duarte-based City of Hope National Medical Center has significantly boosted its planned investment to $1 billion for a new comprehensive cancer center and specialty hospital in Irvine.

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Spectrum Buildings Hit Higher Gear

DEVELOPMENT: Irvine Co.’s Latest: Luxe Offices, Higher Rents

Irvine Co. is bringing some Silicon Valley chic to its latest office park in the Irvine Spectrum.

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Demand for Apartment Development Remains Strong

Over 5,000 Units Underway in OC

If there’s an end in sight to Orange County’s apartment construction boom, no one told the developers.

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