REAL ESTATE

Simon Will Re-Do Brea Mall Sears

Indianapolis-based Simon Property Group Inc. plans to redevelop the vacant Sears store at Brea Mall.

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FivePoint Plots More Affordable Offerings in Irvine

REAL ESTATE: Market rate condos would start at 654 SF

FivePoint Communities Inc., the real estate firm overseeing development of the former El Toro Marine base in Irvine, has disclosed plans to build some of the city’s smallest and likely most affordable homes in years.

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Sanitation District Expands Fountain Valley Holdings

2-Story Office Next To Site It Has for New HQ

The Orange County Sanitation District has completed the purchase of an office building in Fountain Valley that it intends to use for expanding operations.

OC Architectural Marvels Include Unique Homes

Glass Walls, Bridges Make Appearances

Retractable ceilings that take the concept of high ceilings to limitless heights.

Radisson Blu Planned for Anaheim

A 12-story, 326-room Radisson Blu hotel is planned in Anaheim, about a mile from Disneyland Resort, with an opening scheduled for 2020.

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FivePoint to Bring $200M City of Hope

Five Point Holdings LLC and City of Hope said today they plan to build a $200 million cancer center at the Great Park Neighborhoods in Irvine.

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Screen Printer to Close, Sell 100,000 SF in Brea

Absolute Screenprint Inc. in Brea will lay off 170 people effective March 31, a Worker Adjustment and Retraining Notification (WARN) filed with the California Economic Development Dept. said, and its 100,000 square foot building is on the market for $16.3 million.

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Airport GA Plan Advances

Supervisors approved an initial framework for John Wayne Airport’s general aviation improvement plan on March 13 by a vote of 4 to 0, with one supervisor absent from the afternoon session tally.

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MemorialCare Closes Hospital

Long Beach Medical Center filed a 120-day lease termination notice on behalf of Community Medical Center Long Beach.

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Bixby Land CEO Halford Dies

Bixby Land Co. chief executive William "Bill" Halford, one of Orange County’s better-known real estate executives, died Monday. He was 58.

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Laguna Hotel Sells for $21M

Laguna Riviera Beach Resort sold for $21 million, title transfers and CoStar Group information confirm.

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Montage Sets Sonoma Details

A long-rumored Montage Hotels & Resorts property in wine country gets underway this spring for an expected 2020 opening.

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William Lyon Homes Pays $460M for Local Builder

William Lyon Homes said on Tuesday that it has agreed to buy fellow Newport Beach-based homebuilder RSI Communities, for $460 million.

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Renaissance NB Readied

Renaissance Hotel Newport Beach debuted today, with the full $30 million renovation expected to finish by spring, a press release said.

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Hotel Sales Stable on No ‘Big Deal’

OC hotels sold at a slightly lower rate for a markedly lower dollar volume last year—but results were affected by the lack of a trophy property sale in 2017, a survey by broker-consultant Atlas Hospitality Group in Irvine shows.

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