(RealShareOrange County convenes at the Hyatt Regency,Irvine, August 16.)
TUSTIN, CA-R.D. Olson Development has brokenground on the $60-million Tustin Pacific Center, a196,000-square-foot mixed-use development at the55 Freeway and Edinger Ave. here. The project will include a149-room Residence Inn by Marriott and a 145-roomFairfield Inn & Suites by Marriott, as well as16,180 square feet of retail space that willinclude a mix of restaurant and business-serviceretail users. Completion is expected in August 2013.
The two hotels are the first of each type to bebuilt in the state. They are also the first to be built in Tustinin more than 15 years and will serve the demand for modern businesslodging in the area, including the Santa Ana CivicCenter, the Irvine Business Complex andJohn Wayne Airport. Olson purchased the 8.38-acreparcel from the City of Tustin in 2011.
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Carrie Rossenfeld
Carrie Rossenfeld is a reporter for the San Diego and Orange County markets on GlobeSt.com and a contributor to Real Estate Forum. She was a trade-magazine and newsletter editor in New York City before moving to Southern California to become a freelance writer and editor for magazines, books and websites. Rossenfeld has written extensively on topics including commercial real estate, running a medical practice, intellectual-property licensing and giftware. She has edited books about profiting from real estate and has ghostwritten a book about starting a home-based business.
