Irvine LA Fitness property sold Newport Beach...

Irvine LA Fitness property sold

Newport Beach based CT Realty Corp. announced June 27 that Bayport

Jamboree Associates, LLC, a Costa Mesa company, had purchased its

four-acre LA Fitness property in Irvine. CT Realty sold the property

to Bayport for $15.45 million.

CT Realty developed a 41,000 square-foot health club on the

property after acquiring the land from the Irvine Co. in 2002.

Pat Kent and Shaun Riley of Faris Lee Investments’ Irvine office

represented both parties in the deal.

Water Pik sells off heating business

Water Pik Technologies, Inc., a Newport Beach, company, announced

Friday that the firm had completed its sale of its Laars Heating

Systems business to the Bradford White Corp. for $24.3 million.

Bradford White is headquartered in Ambler, Pa.

The deal included a manufacturing plant in New Hampshire and a

distribution center in Canada, according to a release.

Lyons Homes public offer withdrawn

William Lyon Homes chairman and controlling stockholder William

Lyon announced Tuesday he had withdrawn his offer to take the

homebuilding company public.

According to a statement, Lyon is still interested in buying

publicly held shares but not at current market values.

Tuesday, William Lyon Homes closed at $99.49. Stock prices fell to

$96.65 Friday.

In April, Lyon offered to buy out William Lyon Homes’ outstanding

common stock for $82 per share. A special committee of the company’s

board of directors announced it had decided June 20 the proposal was

not adequate.