REAL ESTATE

Landsea Homes Doubles Up in Ontario

334 Homes Planned; 2021 Opening

Newport Beach-based Landsea Homes is the latest local homebuilder looking to boost sales of lower-priced houses in the Inland Empire.

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New Dawn For 6AM Site in LA?

SunCal Project Inks Trade Agreement

There are signs of life for a high-profile downtown Los Angeles project being overseen by Irvine’s SunCal Cos.

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Costa Mesa Marriott Nears Sale

Host Hotel Says Deal Imminent

Shortly after selling the Newport Beach Marriott Bayview in the largest local hotel sale in nearly a year, Host Hotels & Resorts is looking to unload another local property.

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Real Estate Deals

Sales of offices, industrial buildings, retail space and apartments

Grieder Managements purchased a retail building from Albertsons Cos. for $10.3 million, or $237 per square foot.

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Landsea Goes Large on Inland Investment

Newport Beach-based Landsea Homes bought 334 lots at Ontario Ranch, and 8,200-acre master plan near Interstate 15 and the Pomona (60) Freeway.

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Irvine Co. Promotes Three

Irvine Co. promoted a trio of executives who report directly to Chairman Donald Bren at Orange County’s dominant real estate firm.

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Local Fitness Companies Bulk Up Annual Sales

SERVICES: Five among 100 biggest

Orange County’s cluster of fitness chains pumped up their sales last year, according to data from trade publication Club Industry.

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Korean Buyer For 2 Luxe Resorts?

HOSPITALITY: Ritz, Montage trade expected

A South Korean financial services group has emerged as the likely buyer for two of Orange County’s poshest coastal resorts, which could trade hands for $900 million or more on a combined basis.

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Investor-Developer Forming $3.3B REIT

Irvine-based Steadfast Cos. will merge three non-traded real estate investment trusts into one entity with $3.3 billion in assets, including 71 properties across 14 states.

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Parcel Pending: New President

Irvine-based Parcel Pending named former Greenwave Systems CEO Greg Memo its president, replacing Brad Farmer.

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Buyer Reveal: Trout Gets $9M NB Digs

Los Angeles Angels of Anaheim centerfielder Mike Trout paid $9.2 million for a Newport Beach home.

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Tech Coast Angels Sells Stake

An off-market secondary sale of Tech Coast Angel’s stake in Marina del Rey-based LeaseLock closed last week.

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424K-SF Lease in La Palma

Quiet Logistics leased a 424,000-square-foot industrial building in La Palma.

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Intracorp: More OC Units

Intracorp closed on an Irvine parcel that will hold 178 apartment units. It's also building in Fullerton.

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Growing Law Firm Hits Irvine

San Diego-based civil litigators Tyson & Mendes have opened an OC office in the Irvine Business Complex under managing partner Richard Somes.

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