How OC developers are finding great success in the South Maui resort community of Wailea—with more projects on the way.
A Pendry Hotel planned for a 2020 opening in Somerseet County, New Jersey, will include 24, for-sale residences on land once fit for a king.
Ice Energy lines up project financing
Mike Hopkins, who led an ownership change six years ago at Ice Energy, is finally beginning to see sales jump in an industry that moves at glacier speed.
Experienced giver … foundation backs local groups with focus on youth, education, health, services … gives $2.5M annually … recent grant to Big Brothers Big Sisters for OC and IE … money backed its Destination Futures effort for youth up to age 25 … retired as Hoag director 2016 … serves on board, title insurer First American Financial Corp.
Top-15 US auto dealer … $2.3B 2016 revenue, up 2.6% YOY … flagship Fletcher Jones Motorcars in Newport brought 29% of that … No. 1 OC dealer … 9,200 new, used cars sold … signed with Mercedes-backed, tech-based car-buying app AutoGravity … father Fletcher Jones Sr. started co. LA, 1946, corner of 7th, Vermont, sold first car for $70
REAL ESTATE: Brea site goes to Hines & Oaktree
The local office of Houston-based real estate developer and investor Hines has added another sizeable property in North Orange County to its portfolio with the 34-acre office campus in Brea, which houses Beckman Coulter Inc.’s local operations.
ESPN, Disney XD and its family of networks will broadcast matches of Blizzard Entertainment Inc.’s Overwatch League in another major development in the booming esports scene.
Andy Hinrichs in May departed as chief executive of AutoGravity, an award-winning fintech company he co-founded in 2016, the Business Journal has learned.
The Art Institute of California-Orange County in Santa Ana, a campus of Argosy University, will permanently close.
Medicine at OCTANe Ophthalmology event
Orange County again proved it’s the center for ophthalmology. Heavy hitters like Aerie Pharmaceuticals Inc., Alcon, Johnson & Johnson Vision, Carl Zeiss Meditec Inc. and Allergan PLC shared their perspectives at OCTANe’s annual Ophthalmology Technology Summit on June 29 at Fashion Island Hotel.
Own-counsel-keeping philanthropist with wife, Susan has pledged or given $250M to UCI for engineering, computing, physical sciences, health … Chapman’s Sala and Aron Samueli Holocaust Memorial Library named for his parents … $60M for engineering at UCLA … owns Anaheim Ducks, Honda Center, nearby land … co-owns KDOC … Business Journal OC’s Wealthiest, $4.3B
Iteris Inc. will synchronize traffic signals and make other timing and infrastructure changes at 59 intersections under a three-year, $3.5 million contract with Orange County Transportation Authority.
The Segerstrom Center for the Arts in Costa Mesa appointed four members to its board of directors on Tuesday.
REAL ESTATE: Old Toyota HQ getting industrial start
Sares Regis Group is starting to take the wraps off its plans to redevelop Toyota Motor Sales U.S.A. Inc.’s former North American headquarters in Torrance.
Co-founded PIMCO 1971 … ‘Fixed Income Manager of the Year’ three times Morningstar, ‘Manager of the Decade’ 2000-2009 … funds managed reached $2T at PIMCO … acrimonious 2014 split settled March 2017—$81M payout went to his charity … Gross’ Janus funds: $3B in assets … giving includes Hoag, Mission Hospital, $40M to UCI for nursing school
Newport Beach-based Carrick Capital Partners said it made an $80 million, series A minority investment in Exiger.