What’s new: Hotel Lulu opens across from Disneyland; 2 Surf City buildings sell for $35.5M

A boutique hotel owned by Best Western has opened its doors and pool in the Disneyland Resort district.

Hotel Lulu opened its doors May 14 as pandemic restrictions loosened. It has 310 guestrooms, a restaurant called Lulu’s Kitchen; quick bites at Lulu’s Coffee, an outdoor pool; a fitness center and meeting and event space.

The hotel is managed by Azul Hospitality Group, a San Diego-based hospitality company owned by J Street Hospitality, also in San Diego.

“This new hotel exudes the fun-loving energy of Anaheim; with everything travelers may need to kick back and relax after a day of adventures,” said hotel manager John Chan.

Hotel Lulu in Anaheim opened May 14 not far from the Disneyland Resort complex and the Anaheim Convention Center. The hotel has 310 guestrooms, Lulu’s Kitchen, Lulu’s Coffee, a pool, fitness center; meeting and event space; and a Disneyland Insiders team. The hotel is managed by Azul Hospitality Group in San Diego. Hotel Lulu is part of Best Western’s boutique hotels. (Courtesy of Hotel Lulu and Azul Hospitality Group)

Some of the amenities include

  • Arts and crafts for kids at the pool (which has a bar for the parents).
  • Guests can grab a floatie and a drink while watching a movie from the pool. (This is seasonal with weather permitting).

Address: 1850 S. Harbor Blvd.

Two leased industrial buildings in Huntington Beach have been sold to Crown Associates Realty of Beverly Hills for $35.2 million, according to CBRE. (Courtesy of CBRE)

Surf City industrial sales net $35.3M

Two leased industrial buildings in Huntington Beach have been sold to Crown Associates Realty of Beverly Hills for $35.2 million, according to CBRE.

The first property is a 60,891-square-foot building on nearly 3 acres at 15301 Springdale St. The two-story property is the headquarters for Vispero, a provider of assistive technology for the visually impaired.

The second property is a 61,389-square-foot building on 3.3 acres at 15461 Springdale St. The two-story property was built in 1976 and is home to Applied Computer Solutions, an IT services management company.

CBRE’s Jeff Carr negotiated the sale on behalf of the buyer. The seller, Sares Regist Group, was represented by CBRE’s Brad Bierbaum and Gary Stache.

A 16,554 square-foot corporate property at 17660 Cowan in Irvine has been sold to Mesa Church, which will convert it into a worship center. DAUM Commercial Real Estate Services represented Mesa Church, which said the conversion should begin in the coming months.

Church moving to office site in Irinve

A 16,554 square-foot corporate property at 17660 Cowan in Irvine has been sold to Mesa Church, which will convert it into a worship center.

DAUM Commercial Real Estate Services represented Mesa Church, which said the conversion should begin in the coming months.

“When seeking well-located space in tight markets like Orange County, users and brokers alike must be increasingly nimble and creative,” said Charlie Winn with DAUM.

Winn said the 70-year-old Mesa Church, first launched in Costa Mesa, has been based on the campus of Vanguard University.

The church hopes its Irvine facility will be open for Easter service next year.

Alere Property Group in Newport Beach has bought a 47,000-square-foot warehouse at 14422 Astronautics Drive in Huntington Beach. The building is leased by Terrible Herbst Motorsports. No terms on the deal were provided. (Courtesy of Alere)

2 industrial properties sold

Alere Property Group in Newport Beach has acquired two existing industrial buildings in Orange County in separate transactions.

No terms of those transactions were provided.

The firm bought a 120,000-square-feet industrial property in Irvine on 5.2 acres previously owned and occupied by Ricoh USA. Ricoh recently pulled up stakes in Orange County, shifting its operations to the Inland Empire.

Alere said it will redevelop the site with the project expected to finish by 2023.

The real estate developer also bought a 47,000-square-foot warehouse at 14422 Astronautics Drive in Huntington Beach. The building is leased by Terrible Herbst Motorsports.

“The McGaw and Astronautics properties fit well into Alere’s long-term investment approach and strengthen its west Orange County portfolio, which now totals over 750,000 square feet of industrial space,” said Alan Carmichael with Alere Property Group. “These acquisitions complement the portfolio’s mix of large format properties and medium-sized buildings ranging from 20,000 to 70,000 square feet.”

A self-storage facility at 6990 Noritsu Ave. in Buena Park with 688 units has been sold by the joint venture between Baranof Holdings and a fund advised by Crow Holdings Capital. Terms were not disclosed. (Courtesy of Baranof Holdings)

Self-storage property sold in BP

A self-storage facility at 6990 Noritsu Ave. in Buena Park with 688 units has been sold.

The transaction included three other properties in Inglewood (638 units), Hayward (900 units) and Shoreline (857 units) in Washington state sold by the joint venture between Baranof Holdings and a fund advised by Crow Holdings Capital.

Terms were not disclosed. Cushman & Wakefield represented the seller. The buyer was Public Storage Inc. a self-storage real estate investment trust.

IHP Capital Partners in Newport Beach and Värde Partners have formed a joint venture to acquire the remaining 3,721 acres of land for development within Vistancia, a 7,100-acre master-planned community in Peoria, Ariz. Vistancia is in the Phoenix metropolitan area of Peoria roughly 35 miles from downtown Phoenix.

Buying outside CA

IHP Capital Partners in Newport Beach and Värde Partners have formed a joint venture to acquire the remaining 3,721 acres of land for development within Vistancia, a 7,100-acre master-planned community in Peoria, Ariz.

Terms of the acquisition were not provided.

The transaction includes 3,300 entitled homes within the Northpointe at Vistancia community and 370 acres of commercial mixed-use development.

Vistancia is in the Phoenix metropolitan area of Peoria roughly 35 miles from downtown Phoenix.

Nicole Byron has joined the DiGonzini Group as the operations manager in the firm’s Lake Forest office, which also services the company’s office in La Quinta. Byron has a bachelor’s degree in kinesiology from the University of Maine and has spent the past 3 years in operations management in the health and wellness industry. She also holds a real estate license. The DiGonzini Group is part of the Keller Williams International.

People in real estate

Nicole Byron has joined the DiGonzini Group as the operations manager in the firm’s Lake Forest office, which also services the company’s office in La Quinta. The DiGonzini Group is part of the Keller Williams International. Byron has a bachelor’s degree in kinesiology from the University of Maine and has spent the past 3 years in operations management in the health and wellness industry. She also holds a real estate license.

Leonard Miller, president and CEO of The New Home Company in Aliso Viejo, has been awarded City of Hope’s 2021 Spirit of Life Award. The award is given to industry leaders who have made “a significant commitment to support those in need,” City of Hope says. This year, City of Hope’s Construction Industries Alliance recognized Miller for his contributions to the industry and compassion for humanity. (Photo courtesy of New Home Co.)

Milestones

Leonard Miller, president and chief executive officer of The New Home Co. in Aliso Viejo, has been awarded City of Hope’s 2021 Spirit of Life Award.

The award is given to industry leaders around the world who have made “a significant commitment to support those in need,” City of Hope says.

City of Hope’s Construction Industries Alliance recognized Miller for his contributions to the industry and compassion for humanity.

The Spirt of Life gala raised $500,000 for the hospital, which specializes in treating cancer patients.

Real estate transactions, leases and new projects, industry hires, new ventures and upcoming events are compiled from press releases by contributing writer Karen Levin. Submit items and high-resolution photos via email to Business Editor Samantha Gowen at sgowen@scng.com. Please allow at least a week for publication. All items are subject to editing for clarity and length.

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