HOTELS: $1.1 billion in new hotels at risk
A sizzling summer for Anaheim hotels is getting hotter in more ways than one.
Came aboard as chief exec, 2015 … 400 firms have come through LaunchPad accelerator since LP’s 2009 launch; 88% got funding … $2.1B in funding and exits … corporate alum include software maker Mavenlink: $84M
9-Building Development Will Be Nearly 500K SF
Shea Properties has kicked off work on the largest ground-up industrial project in the area around John Wayne Airport in over a decade.
Major OC affordable housing developer … lost out on ambitious 25-story, 100- unit luxe condo tower Museum House in Newport, current home of OC Museum of Art … cites it as ‘one that got away’ … family—wife, Keiko, son, Nick, daughters Olivia, Sophia—is passion … backs homeless shelters in Laguna Beach, DTLA … three keys: ‘patience, passion, people skills’
RETAIL: Local, lifestyle are themes of $200M redo
More than a dozen new stores and eateries sprouted in the north section of the Irvine Shopping Center that not too long ago housed Macy’s department store. New tenants are national and local favorites—Sephora, 85°C Bakery Cafe, Stance, Afters Ice Cream—that complement the rest of the 150 shops at the outdoor center.
Clinical psychologist … NYU doctorate … married Henry Segerstrom 2000 … has shared MP duties with his niece Sandy Segerstrom Daniels from his Feb. 2015 death … member, chairman’s committee, Carnegie Hall’s 125th Anniversary Gala … native Pole fluent in several languages … owned salons, Eastern Europe … coauthored self-help book 1990s
A letter from Disneyland Resort President Josh D’Amaro to Anaheim Mayor Tom Tait and the city council asking to end an agreement that would provide bed tax rebates from a planned luxury hotel shifts a debate in the city for several developers.
INNOVATION: Came to UCI in 2014 and ‘moved very quickly’
Firms with connections to the University of California-Irvine have raised more than $18.9 billion over the past 10 years, according to Richard Sudek, an angel investor and executive director of the school’s Applied Innovation center.
Also design director … started in family diamond business, Antwerp … first ‘grand salon,’ HQ 2005 NB … second, Montage Laguna … third, Aspen 2017 … NASDAQtraded Alcentra Capital backed it, $5.3M investment …
Long Beach Airport traffic in July and year-to-date were each 10% higher year-over-year, with 358,000 passengers in the month and 1.2 million in the first seven months this year.
SERVICES: World’s No. 1 seeks office to tout latest technologies
Accenture PLC’s new Southern California boss, David Wolf, has big plans for Orange County.
Made fortune as co-founder of storage device maker STEC, which sold 2013, for $340 million … buys commercial real estate … family is largest property owner along Mariner’s Mile in Newport Beach, $150M deals since 2009 … marriage, home, family his life turning points, activities, passion … secret to success: ‘sticking to it’
REAL ESTATE: 3 buildings, more parking planned for Royalty site
Edwards Lifesciences Corp. has proposed a major expansion of its Irvine headquarters, paving the way for Orange County’s largest public company to add hundreds of jobs to its local operations.
Role, responsibilities have grown at large products distributor … previously over U.S. export functions, now oversees North, South America ops from Canada to Chile … 21 years with Ingram, plus four-year stint as chief executive, Punch Software in mid-2000s in K.C., Mo. … CSU-Northridge grad with bachelor’s in speech communication
Orange County lost 10,100 jobs in July while California added 46,700, according to the state’s Employment Development Department.
FINTECH: Vows smoother ride after leadership shakeup
AutoGravity Corp., the Irvine fintech recently embroiled in management turmoil, is for sure keeping one thing: a wooden slide employees use to spirit themselves from the second floor to the first.
Among Santa Ana’s largest property owners … several city blocks, notably in DTSA … area family ties back to 1919 … son Ryan leads recent redevelopment of SA’s East End, including 4th Street Market … recent buy of
Indexes were up at midday on company earnings; shares of Walmart Inc. shot up almost 10% after the retailer released its second quarter report.