They say that timing is everything in the news business. Or is it the guillotine-operation business? Whatever. All I'm saying is OC Weekly has picked a fortuitous time to move, leaving our deluxe penthouse in the fifth floor sky overlooking a Santa Ana Norm's for first-floor digs in office park near John Wayne Airport. Should anyone be wondering, "Hey, isn't 2975 Red Hill Ave., Suite 150, Costa Mesa, CA 92626 extremely close to the Weekly's birthplace in a single-story office park at Red Hill an
Plaza TowerSegerstrom Co., the developer of South Coast Plaza and most of the Costa Mesa-Santa Ana-straddling South Coast Metro area, announced this week that its Plaza Tower, Center Tower and Park Tower achieved LEED-EB Gold Certification, the first multi-tenant buildings in California and three of the first four buildings in the U.S. to receive that particular U.S. Green Building Council distinction.The Leadership and Environmental Design for Existing Building Operations & Maintenance (LEE
Sunstone Hotel Investors Inc., a San Clemente-based real estate investment trust, will default on the June mortgage payment for its swanky W Hotel San
Diego property and turn over the 258-room downtown hotel to lenders,
after failing to lower interest payments.The hotel has been hurt by "significant and
continuing deterioration in demand for luxury lodging" as well as the
opening of luxury boutique hotels nearby, Sunstone officials say in their Sunday announcement carried by the Associated Press
Monday we told you about Sunstone Hotel Investors Inc., a San Clemente-based real estate investment trust, walking away from its mortgage for the swanky, 258-room W Hotel in downtown San Diego. R. Scott Reckard and Roger Vincent over at the Los Angeles Times report today that one of Orange County's upper-crustiest inns is on the ropes: St. Regis at Monarch Beach.Yes, that's the infamous resort where American International Group (AIG) sponsored a luxury retreat just days after accepting a federal
