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COSTA MESA, CA-The company will spend $14 million renovating its 486-room property, one of the largest hotels in Orange County. Hilton owns the property in a joint venture with CNL Hospitality Corp.
CAMARILLO, CA-Silagi Development, seeing a shift in demand, plans to build 65,000 sf in five buildings. The project, Camarillo Springs Corporate Center, is designed to appeal to small office tenants.
EL SEGUNDO, CA-The U.S. Air Force names the two real estate firms that will design and build 560,000-sf of new facilities on 52 acres of the 107-acre Los Angeles Air Force Base.
MISSION VIEJO, CA-Demand for medical office space continues to grow despite the recession, brokers say, making the medical field one of the two strongest sectors in the Orange County office market.
LAS VEGAS, CA-Voyager Entertainment, which says it will build the world's largest and tallest Ferris wheel, strikes a deal to sell or securitize assets to finance construction of the entertainment complex.
OAKLAND, CA-Transpacific Development Co. of Torrance, Calif. secures the loan on behalf of an affiliate for office buildings at Lake Merritt Plaza and 1956 Webster St., as Grenwich Capital loans $87 million for 500,000 sf of office space.
LOS ANGELES-The Washington, D.C.-based buyer acquires the 615,112-sf twin 16-story office towers from a venture of Goldman Sachs and Insignia/ESG's Co-Investment Group.
IRVINE, CA-The commercial real estate developer will merge its Southern California operations into a new office at 1901 Main St. in Irvine and will close its San Diego County office.
LOS ANGELES, CA-The retailer opens 32,400 sf at The Grove, a 575,000-sf multi-level shopping center developed by Rick Caruso that opened in March near the historic Farmer's Market.