FINANCERecent and archived news stories on: Banks, Credit Unions, Mortgage Lending, SBA, Stocks/Bonds, Venture Capital, Wealth Management...
Orange County employers added 9,800 jobs in March, helping drive down the unemployment rate to 4.4%.
Madison Risk & Insurance Services in Huntington Beach has been acquired by Itasca, Ill.-based Arthur J. Gallagher & Co. on undisclosed terms.
Multi-Fineline Electronix Inc. Chief Financial Officer Tom Liguori has resigned to pursue other opportunities, the Irvine-based printed circuit board maker announced after the close of intraday trading.
Irvine-based American Restaurant Holdings Inc. said it signed an Orange County franchisee for Muscle Maker Grill, the restaurant chain in Colonia, N.J. that an affiliate acquired in January.
Allergan Inc., now a business unit of drugmaker Actavis PLC, will lay off 577 workers in Irvine, according to a state filing.
Mador Lending LLC completed the acquisition of Wet Seal Inc., the affiliate of Philadelphia-based Versa Capital Management LLC announced Wednesday.
Lake Forest-based Del Taco Holdings Inc. would cut its debt by $139 million—or more than 40%—if its acquisition by Chicago-based Levy Acquisition Corp. closes as planned in June, according to documents filed with the U.S. Securities and Exchange Commission.
Irvine-based Plaza Bank posted $1.6 million in first-quarter profit, down about 5% from the same period a year ago.
Los Alamitos-based Alliance Spacesystems LLC, which manufactures composite structures for the aerospace industry, was acquired by SolAero Technologies Corp., an Albuquerque, N.M.-based solar panels maker.
Houston-based La. Crawfish said a franchisee plans to open the chain’s first restaurant in Orange County, in Anaheim, and that the company is negotiating with a Los Angeles-based restaurant operator for an area development deal to cover the rest of OC and L.A.
The U.S. Department of Education said today it fined a subsidiary of Santa Ana-based Corinthian Colleges Inc. $29.7 million.
The Little Saigon News Inc. in Garden Grove has filed for Chapter 11 bankruptcy protection, according to documents filed with U.S. Bankruptcy Court Central District of California in Santa Ana.
The private equity firm that has controlled Irvine-based Habit Restaurants Inc. since leading an investor group in a 2007 buyout of the fast-casual burger chain is expected to trim its holdings to less than a majority stake through a secondary share offering that’s set to close tomorrow, the company and news reports said.
Newport Beach startup Acorns Grow Inc. has raised $23 million to fuel the growth of its smartphone app that aims to bring microinvesting to the masses.
Proposal for Luxury Condo Tower to Costa Mesa Planners
The owners of the Avenue of the Arts Wyndham Hotel are moving ahead on plans to build the first high-rise condominium tower in Costa Mesa’s arts district.
EDUCATION: Blueberries to microchips, toothpaste
The $5 million in seed funding that Newport Beach-based Beall Family Foundation provided for the University of California-Irvine’s new Institute for Innovation is bearing commercial fruit.
REAL ESTATE: Land buy, redesign for Birch Street project
A long-planned medical office development in the Santa Ana Heights area of Newport Beach is moving ahead following a recent sale of the nearly 4½-acre site and a redesign of the proposed project.
FINANCE: ‘Cause-themed’ portfolios include big givers
Pacific Life Insurance Co. has rolled out a research subsidiary that’s targeting younger people with the prospect of adding an element of social consciousness to their portfolios.
HEALTHCARE: Could get final approval for market in June
A San Clemente-based medical device maker cleared a big regulatory hurdle and landed on a faster track to commercialization.
Irvine-based LAG Fit Inc. acquired Club Pilates, a franchised chain of 35 Pilates studios in the U.S. and Australia.
San Clemente-based CareTrust REIT Inc. bought a nursing home in Washington state for $9.1 million.
Prudential Real Estate Investors said it acquired a 75% stake in the Bella Terra Shopping Center in Huntington Beach.
See Potential for Big Returns in Luxe Approach
Investors and developers are putting their time and resources into building luxury spec homes along the Southern California coast, from The Strand in Dana Point to the Balboa Peninsula and beyond.
Adds 18 Properties Spread Over 11 States
Irvine-based real estate investor Griffin-American Healthcare REIT had a busy first quarter, with $353.7 million worth of acquisitions encompassing 18 healthcare properties in 11 states.
Report of Nashville Deal Follows Buy in Aliso Viejo
Irvine-based LBA Realty is poised for a big investment in Nashville, Tenn., according to reports there.