REAL ESTATE

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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Real Estate Data Firm Bought

Irvine’s ATTOM Data Solutions has been acquired by Lovell Minnick Partners, a Philadelphia-based private equity firm, on undisclosed terms.

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OC Hotel Property Sales Down 30%

The number of hotels sold last year in Orange County declined 30% to 16 with a cumulative value of $343 million, according to a report by Atlas Hospitality Group in Irvine.

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Pendry Aims for L.A. 2020

A long-rumored L.A. location for Irvine-based Montage International’s lifestyle Pendry Hotels division could open as early as next year on the Sunset Strip, at the former site of a House of Blues.

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PCH’s Moshayedi Mile

Mo Honarkar made headlines last week for a string of property buys along the coast of Laguna Beach.

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Cash-Flush Urovant Grows at UCI Research Park

22,000-sq.-ft. Lease for Drug Company With 2018 IPO

Urovant Sciences Ltd., an Irvine-based clinical-stage biopharma company that started operations in 2016 and went public last September, is about to get a much larger home near the University of California-Irvine.

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Chip Switch: Skyworks Expands Local Ops

REAL ESTATE: Takes over former Broadcom office near UCI

Skyworks Solutions Inc., Orange County’s third largest maker of computer chips by local employee count, appears poised to significantly expand its operations after striking a large lease near its existing Irvine offices.

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Mo, Better Booze

Mo Honarkar could soon supplant Dane Eiler “the Greeter” Larsen as Laguna Beach’s best-known local after buying a stretch of city properties along Coast Highway, including the iconic Hotel Laguna (the Insider’s favorite wedding spot), which Honarkar vows to restore “to its former glory.”

Senior Housing Developers Pay $21M for IBC Site

DEVELOPMENT: SmartHome site eyed for congregate care

A Dallas-based developer of senior living properties has bought a 3-acre site along Barranca Parkway in Irvine, and plans to start construction later this year on one of the city’s largest and amenity-heavy residential complexes for older residents.

Buchanan Street Adds to Rental Portfolio in Colorado

$72.5M Buy Tops for ’18 In Colorado Springs

Buchanan Street Partners closed 2018 on a high note, completing one of the largest apartment transactions of the year in Colorado.

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Hotel Laguna Revamp Planned by New Owner

Honarkar Takes Over 7 Properties Along PCH

Businessman Mo Honarkar, a Laguna Beach resident who’s among the city’s largest real estate owners, said last week he added seven new properties along South Coast Highway to his portfolio, including the iconic Hotel Laguna.