FINANCERecent and archived news stories on: Banks, Credit Unions, Mortgage Lending, SBA, Stocks/Bonds, Venture Capital, Wealth Management...
An affiliate of local investor Mohammad Honarkar bought a Courtyard by Marriott and a Residence Inn Hotel in Palm Desert for $36 million.
OCTANe in Aliso Viejo formed a division it dubbed ‘Growth Services,’ to increase “resources, intelligence, capital and deal flow,” for the group’s members, partners, investors, entrepreneurs and accelerator alumni, Chief Executive Bill Carpou said.
Ricoh Electronics Inc. will eliminate more than one-third of its employment base at its Tustin headquarters as part of a global restructuring of manufacturing operations.
Irvine-based storage products maker Western Digital Corp. reported revenue and adjusted profits in the September quarter that beat Wall Street expectations.
Allergan Plc President and Chief Executive Brent Saunders is now also Chairman of the drug maker’s board of directors, replacing Paul Bisaro.
Shares of Edwards Lifesciences Corp. in Irvine fell 15% to about $96.50 a share and a $20 billion market cap on a lower-than-expected increase in its most recent quarter on international sales of its main product, the Sapien heart valves.
Costa Mesa-based Pacific Mercantile Bancorp reported a net loss of $30.5 million for its third quarter.
Huntington Beach-based Confie acquired on undisclosed terms a total of three brokerages in New York, New Jersey and Texas.
Newport Beach-based Toba Capital invested in the booming eSports segment, co-leading a $5 million funding round for a Santa Monica company that runs tournaments and related events for amateur gamers.
Wienerschnitzel in Irvine said a current franchisee would add 10 locations in California and Texas.
JetBlue Airways Corp. took a minority stake in JetSuite Inc. in Irvine.
Bravo Sports Corp. in Santa Fe Springs bought on undisclosed terms Nutcase Inc. in Portland, Ore., its third acquisition of a sports gear maker within the last 10 months.
Orange County’s unemployment rate fell to 4.1% in September.
Irvine-based Laguna Tools Inc. has been acquired on undisclosed terms by New York private-equity firm Hudson Ferry Capital LLC.
Flatirons Solutions in Irvine acquired the assets of a Colorado company that specializes in flight operations software.
Bill Gross, “The Bond King,” may soon lay claim to being among “the greatest stamp collectors of all time.”
Rancho Santa Margarita-based Toastmasters International is moving its headquarters to Denver, Colo., in two years.
Aliso Viejo-based Cianna Medical Inc. has raised about $4.2 million in venture capital funding from 12 investors.
San Clemente-based VertiFlex Inc. has raised about $15.2 million from six investors.
Pinscriptive in San Juan Capistrano a software analytics company focused on specialty drugs announced today that it’s closed $1.78 million in seed funding since it started in March 2015, with $500,000 of that amount received in August.
San Juan Capistrano-based Emerald Expositions LLC acquired Digital Dealer Conference & Expo from Dealer Communications in Boca Raton, Fla. on undisclosed terms.
Santa Ana-based title insurance firm First American Financial Corp. has bought TD Service Financial Corp. of Orange on undisclosed terms.
Harbor MedTech Inc. in Irvine raised $5 million in equity funding from three investors as part of an unfinished $8.5 million effort, a regulatory filing said.
Shopoff Realty Investments in Irvine has paid in excess of $100 million for an apartment complex in Las Vegas and a pair of commercial buildings in Chicago.
Bascom Group LLC in Irvine has sold one of its larger apartment properties, a 1,523-unit complex in Denver, in what local reports said is the priciest deal for a rental property in that city.