By Jonathan Lansner | [email protected] | Orange County Register PUBLISHED: January 18, 2019 at 9:54 am | UPDATED: January 18, 2019 at 10:07 am “Bubble Watch” digs into trends that may indicate economic and/or housing market troubles ahead. Buzz: Orange Countians dramatically slow their homebuying. Source: CoreLogic Trend reported: My trusty spreadsheet, reviewing homebuying data for August through November, found 11,429 Orange County residences sold in the period. That’s off 13.3 percent from the same four months in 2017. But more notably, it was the slowest-selling August-to-November since 2011, when the market was still shaking off the damage of the Great Recession. Dissection: Here are nine trends you should know about this period just after the traditional home-selling push … 1. Orange County’s median selling price for all residences was $725,000 — up 3.6 percent compared with a year earlier. What’s selling has … [Read more...] about Bubble Watch: Orange County homebuying at 7-year low
By Deepa Bharath | [email protected] | Orange County RegisterPUBLISHED: January 17, 2019 at 11:38 am | UPDATED: January 18, 2019 at 8:38 am The county’s Health Care Agency confirmed Thursday, Jan. 17, that a Santa Ana woman is Orange County’s first influenza-related death of a person under 65 this season. Officials said the woman had underlying health conditions and died from complications related to the flu. Lab testing confirmed that she was infected with the influenza A virus, health officials said. This should serve as an important reminder to the public that the flu can be deadly, said Dr. Eric Handler, the county’s health officer. “Influenza can cause serious illness, particularly in persons with underlying health conditions,” he said. “Everyone over six months of age should be vaccinated each year.” Last year was the worst flu season in more than a decade. There were 164 flu-related deaths last year in California, compared to 81 deaths … [Read more...] about Santa Ana woman is Orange County’s 1st flu-related death in 2019
By Jonathan Lansner | [email protected] | Orange County Register PUBLISHED: January 15, 2019 at 7:01 am | UPDATED: January 15, 2019 at 7:01 am Orange County’s lodging industry has plans to add 80 more hotels after nine opened the past two years. The annual hotel construction report from Atlas Hospitality shows three hotels opened in 2018 in Orange County, half of the six in 2017. Last year’s openings had 445 rooms vs. 960 in ’17 — a drop of 54 percent. That decline seems to be a fast-growth industry taking a breather than any actual slowdown. Hotels under construction at year-end were 14 hotels vs. eight in ’17 — a gain of 75 percent. That lodging will hold 3,128 rooms vs. 1,657 a year earlier — a rise of 89 percent. Orange County developers are in planning stages for an additional 66 hotels vs. 57 a year earlier — a rise of 16 percent. That lodging will hold 10,344 rooms vs. 11,184 a year earlier — a fall of 8 percent. PS: … [Read more...] about Does Orange County need 80 more hotels?
By Staff report | PUBLISHED: January 11, 2019 at 3:02 pm | UPDATED: January 11, 2019 at 3:03 pm Restaurants and other food businesses closed by health inspectors in Orange County from Jan. 3 to Jan. 11, 2019: Golden Flower Veggie, 14942 Bushard St., Garden Grove Closed: Jan. 11 Reason: Rodent infestation BC Liquor, 12017 Beach Blvd., Stanton Closed: Jan. 9 (report) Reason: Rodent infestation Reopened: Jan. 10 (report) Tin Tin Seafood Restaurant, 669 N. Euclid St., Anaheim Closed: Jan. 9 Reason: Cockroach infestation 7-Eleven, 2850 N. Brea Blvd., Fullerton Closed: Jan. 9 (report) Reason: Rodent infestation Reopened: Jan. 11 Grinderz, 7561 Center Ave., Suite 53, Huntington Beach Closed: Jan. 8 Reason: Cockroach infestation Reopened: Jan. 9 Tribute Coffee at Circle K, 13960 Harbor Blvd., Suite B, Garden Grove Closed: Jan. 8 (report) Reason: Cockroach infestation Reopened: Jan. 11 Beba’s, 1909 E. Lincoln Ave., Anaheim Closed: Jan. 8 (report) Reason: Cockroach … [Read more...] about Orange County restaurants shut down by health inspectors (Jan. 3-11)
By Marilyn Kalfus | [email protected] | Orange County Register PUBLISHED: January 10, 2019 at 9:00 am | UPDATED: January 10, 2019 at 9:00 am An office park just south of Angel Stadium where tenants include the Orange County Register and the Karl Strauss Brewing Company has sold for $83.1 million. Pendulum Property Partners of Irvine teamed up with an investment group from Goldman Sachs to buy the Axis campus. The five buildings total 302,630 square feet on 14.11 acres, according to CoStar, a commercial property database. The property, owned by The Seligman Group of Southfield, Mich., was not on the market, said Mary Vinal, a CoStar researcher. The deal closed in December, with a price of $274.59 per square foot, Vinal said. The campus last sold in October 2005 for $68.2 million, CoStar shows. Axis office campus in Anaheim (Photo courtesy of CoStar) Axis office campus in Anaheim (Photo courtesy of CoStar) SoundThe gallery will resume insecondsAxis office campus in Anaheim … [Read more...] about Anaheim office park, home to Orange County Register, Karl Strauss brewery, sells for $83.1 million