Katie Murar
Staff Reporter
Phone: 949-833-8373
Recent Stories
Midday Stock Roundup
The S&P 500 was up 0.2% in midday trading to 2,828.31.
Avanath Looks Close to Home for Affordable Buys
Kicks Off Opportunity Zone Investment Program
Irvine-based Avanath Capital Management LLC owns and operates about 9,500 apartments nationwide, including one of the country’s larger collection of affordable-housing complexes.
Hotels Pay More Attention to Labor, ADA Laws
Long Beach Measure Watched in OC
Overtime regulations, new human trafficking training regulations that take effect next year, and efforts to eliminate sexual harassment are at the forefront of the latest batch of labor issues taking aim at the hospitality and tourism sector.
Marriott Wraps $32M Redo
Anaheim Marriott has concluded a two-year, $32 million hotel renovation.
JWA Traffic Up In January
John Wayne Airport passenger traffic rose 0.3% in January to 819,000 compared with the same month last year.
$218M Land Deal in Irvine
Five Point Holdings, LLC (NYSE: FPH) has sold an additional 41 acres of land at its Great Park Neighborhoods development in Irvine for about $218 million, the company announced Wednesday as part of its fourth quarter earnings report.
Midday Stock Roundup
Stock markets are rebounding Monday after January retail sales figures beat expectations.
Raintree Adds to Dana Point’s Revitalization Efforts
Moves HQ Near Prado West Rentals
Raintree Partners LLC is thinking long term about Dana Point.
Homebuying Slump Adds to Title Insurers Woes
Transactions Down 20% Amid Rising Rates
Title insurers continued to see a decline in business last year, a trend they hope will stabilize in 2019 and end two years of consecutive losses.
Commercial, Apartment Investor Waters Merge
Stillwater, Waterford Join Forces
John Drachman landed Orange County’s most in-demand tenant of 2018, when his Stillwater Investment Group convinced Glaukos Corp., a fast-growing medical device firm with a $2.2 billion valuation, to move its headquarters from San Clemente to Aliso Viejo.
2018’s CRE Headline Makers
$3.2B Sales, 3.9M SF of Office, Industrial Leases
Blockbuster office and apartment transactions took center stage in Orange County last year, while industrial and retail sales failed to attract as many deep-pocketed investors.
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.
Tourism Sees Gains
About 50 million people visited OC last year, including 24.4 million that came to Anaheim, according to Orange County Visitors Association and Visit Anaheim.
Midday Stock Roundup
Stocks dropped in midday trading after technology shares slumped and investors awaited news from ongoing trade talks between the U.S. and China.
Local Homebuilders Report Slowdown
REAL ESTATE: Foreign buyers pull back in OC
Orange County’s contingent of publicly traded homebuilders experienced a rough fourth quarter, as consumers pulled back on purchases amid rising interest rates, a volatile stock market and continued issues of affordability.
Merlone Geier Seeks Buyer for Fullerton Crossings
Could Command Price Topping $100M
A 290,000-square-foot Fullerton shopping center anchored by Sam’s Club and Home Depot is on the market, with offers due this week.
Long Beach Airport Traffic Down 18%
Long Beach Airport traffic dropped 18% in January to 265,000 passengers.
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.
Flight Lands
REAL ESTATE: March opening for first phase
Tustin’s Flight office project, set to open in about a month, has a number of firsts going for it.
Segerstrom Center President Steps Down
Terrence Dwyer is stepping down as president of the Segerstrom Center for the Arts.
Midday Stock Roundup
The S&P 500 increased 0.4% in midday trading to 2,802.85.
LAB Holding Lists Trio of Anaheim Buildings for Sale
Reinvesting in Apartment Project Across the Street
2019 is shaping up to be an eventful year for retail developer LAB Holding LLC, the Costa Mesa firm behind some of Orange County’s hipper shopping and dining spots.
$74M Portfolio Buy
Lincoln Property Co. remains an active investor in area office properties, along with its recent development efforts.
Sundt, Cypress, Begin $80M ‘SEM’ Building
Irvine-based Sundt Construction broke ground on an $80 million project at Cypress College.
Applied Innovation Doubling Cove Footprint at UCI Park
The Cove, the University of California-Irvine’s tech facility and office space that is home to the school’s Applied Innovation business and entrepreneur incubator program, is gearing up to expand its presence in Orange County’s startup scene.
Evolus Evolution: HQ Move to Newport Center
Botox Competitor Takes Acacia’s Space
Botox rival maker Evolus Inc. has moved its headquarters from Irvine to one of Newport Beach’s most exclusive office towers—and it appears to be getting a deal to do so.
Ex-Fairmont GM Gets Wineries Post
Carter Hospitality Group in Santa Ana named former Fairmont Newport Beach General Manager Karl Kruger to run two Temecula winery resorts it owns.
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.
Midday Stock Roundup
The S&P 500 was up 0.1% in midday trading to 2,710.95.
Newport Fetes Films, Abroad, At Home
TOURISM: Backing BAFTA brings Brits to beach town
Newport Beach tourism executives took a trip across the pond last week to attend the British Academy of Film and Television Awards—BAFTA—and promote the affluent city while there.
An Acquisitive Mind
Montrose CFO Preps for Potential IPO
Irvine-based environmental consulting firm Montrose Environmental Group Inc. is the latest notch in the career belt of Allan Dicks, who has led financial operations at six public and privately traded companies in the past decade.
Sares Regis Sells Thousand Oaks Site, Surf City Next
$106M Sale to Rexford, Which Also Buys in OC
Irvine-based developer Sares Regis Group has sold one of its newest and largest business parks, a 28-acre industrial site in the Ventura County city of Thousand Oaks.
Midday Stock Roundup
The S&P 500 declined 0.1% in midday trading to 2,734.49.
Sadeghi Going Big at Costa Mesa’s $200 Million Press Development
Shaheen Sadeghi has been tapped to head the retail portion of The Press development site in Costa Mesa, a long-awaited creative-office project now starting to make headway in terms of construction work.
Disneyland Resorts Q1 Revenue Up 5%
Walt Disney Co.’s parks and resorts division, which includes Anaheim’s Disneyland Resort, first quarter revenue rose 5% to $6.8 billion while operating income increased 10% to $2.2 billion from the same period a year earlier.
Interim Director for LB Airport
Long Beach named Claudia Lewis interim airport director as it continues to seek a replacement for Jess Romo, who stepped down on Jan 31.
Starboard Nabs Sears Logistics Center in Colorado
REAL ESTATE: Largest single-story building in state
Starboard Realty Partners has made the largest—and priciest—addition to its portfolio with the purchase of a Sears Holdings Corp.’s regional distribution center in Colorado for $40.8 million.
Pacifica Hotels Looks Local for Acquisition
HOSPITALITY: $25M for Residence Inn
Pacifica Hotels has the largest hotel portfolio by total properties—41—of any Orange County-based hotel operator.
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.
Midday Stock Roundup
Indexes fell broadly after disappointing results reported Monday by major corporations Caterpillar and Nvidia.
What Meetings Mean for Ayres
Companies, Couples, Churches Bolster Business
Ayres Hotels likes taking meetings—about 20% of its total business comes from events of one sort or another.
Meetups: Hotels Hike Indoor-Outdoor Counts
Beach Resorts Big Gainers on List’s New Approach
In a list that rarely sees changes, the New Year brings a new look to the Business Journal’s ranking of OC hotels by total meeting space.
Welcome to the Party
Yamaha Boss Talks NAMM
Tom Sumner is no stranger to the National Association of Music Merchants, or NAMM.
The ’80s, ’20s Rule: OC Draws from Past, Future
Niche Marketing Show Biz, Memories and STEM Industry
Once and future events—last year, this year, and next—at the Anaheim Convention Center show growth in two key niches at the facility.
Long Beach Air Traffic Down 12%
Long Beach Airport traffic dropped 12% in December to 298,000 passengers.
JWA Traffic Down in December; Up in 2018
John Wayne Airport passenger traffic dropped about 8% in December to 828,000 compared with December 2017.
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.
Midday Stock Roundup
U.S. markets were closed today in honor of Martin Luther King, Jr.
Platinum Triangle’s Next Act
Investment Flurry Around OC’s 2 Biggest Stadiums
Anaheim elected officials envision the city’s Platinum Triangle as an area set to become Orange County’s new downtown in the not-too-distant future.
Pacific Industrial Plans Anaheim Redevelopment
REAL ESTATE: Breweries considered for 9-acre site
Pacific Industrial has doubled up on its commercial property holdings in Anaheim’s Platinum Triangle.
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