FINANCERecent and archived news stories on: Banks, Credit Unions, Mortgage Lending, SBA, Stocks/Bonds, Venture Capital, Wealth Management...
Christie Digital Systems USA Inc., a Cypress-based manufacturer of high-definition movie projectors, acquired Allure Global Solutions Inc. in Atlanta on undisclosed terms.
Nekter Juice Bar Inc. said Ohana Juice LLC would open two franchised stores in the Sacramento market.
Irvine-based St. Joseph Health said today it signed a definitive agreement with Renton, Wash.-based Providence Health and Services.
Aliso Viejo-based semiconductor maker Microsemi Corp. said it had a “definitive agreement” to acquire Sunnyvale-based semiconductor maker PMC-Sierra Inc. for $2.5 billion in cash and stock.
Allergan PLC and Pfizer Inc. will merge in a deal worth about $155 billion.
ECONOMY: 3.4% hike to 267,243 jobs; Disney keeps No. 1 spot
Orange County’s biggest employers grew their combined work force at the fastest rate in years.
REAL ESTATE: Portfolio now tops 12,000 residential units
Olen Properties Corp. has spent nearly $200 million to buy three out-of-state apartment complexes this month, adding to a busy year of acquisitions for the Newport Beach-based real estate owner and developer.
REAL ESTATE: Estimate on per-unit price tops $400,000
A recently built apartment complex has traded hands in what looks to be one of the priciest per-unit deals for a multifamily property in the Irvine Business Complex.
HEALTHCARE: Adds software firm on undisclosed terms
Alphaeon Corp. keeps on making deals.
STARTUPS: Seeks more VC partners; might add own fund
OCTANe’s new strategy to attract investment dollars and emerging companies to the region is showing early returns for Orange County’s vibrant startup and entrepreneurial scene.
Irvine-based Numecent received $15.5 million in Series B funding that included $4.5 million from a previous investor.
Costa Mesa-based bankruptcy law firm Weiland Golden LLP added William Lobel and Alan Friedman as partners and changed its name to Lobel Weiland Golden Friedman LLP.
St. Louis-based Shoes.com acquired socks and apparel brand Richer Poorer Inc. in San Juan Capistrano on undisclosed terms.
Some Areas Even Higher— Cameo Shores at 98%
One thing appears to remain consistent in Orange County’s dynamic luxury market: Buyers are willing to pay top dollar for the expansive homes and unique estates prevalent in the communities along the coast.
Will Expand Initiative To Connect Ideas, Investors
Panel discussions and business plan competitions weren’t the only agenda items on deck at the Medical Device & Investor Forum held this month by Aliso Viejo-based group OCTANe.
Five-Story, 110,000-SF Project Set to Open in ’16
One of the developers planning a hotel for Anaheim’s resort area has gotten a construction loan to get the project under way.
Irvine-based fast casual burger chain Habit Restaurants Inc. today postponed a secondary offering by shareholders of $138 million in common stock “in light of current capital market conditions.”
The unemployment rate in Orange County moved up slightly in October despite an increase in local jobs.
A new state-chartered bank has been approved to be established in Orange County.
Aliso Viejo-based chipmaker Microsemi Corp. increased its bid for PMC-Sierra Inc. this morning to roughly $2.39 billion.
San Clemente-based ICU Medical Inc. will close its manufacturing plant in Vrable, Slovakia, and cut 265 jobs, according to a Securities and Exchange Commission filing.
Irvine-based Numecent received $15.5 million in Series B funding that included $4.5 million from an investor from a previous round.
Irvine-based Alphaeon Corp. said today that it would buy Lensar Inc. for up to $59 million.
Huntington Beach-based insurance brokerage company Confie has acquired California Insurance Specialists on undisclosed terms.