FINANCERecent and archived news stories on: Banks, Credit Unions, Mortgage Lending, SBA, Stocks/Bonds, Venture Capital, Wealth Management...
23 Have Sold for $50M+ In Just Two Months
Orchard Hills’ priciest homes have had strong sales since the Irvine development opened a little more than two months ago.
Orange County’s wealthiest person has been putting a fair amount of his fortune back into his business over the past year—but we’re figuring that he’s still likely to have seen a boost to his bottom line of about $1 billion.
Shares of Irvine-based Masimo Corp. fell sharply today, one day after its second-quarter results missed analysts’ forecasts.
Evolv Sports & Designs LLC said Bruckmann, Rosser, Sherrill & Co. in New York acquired a majority stake in the Buena Park-based manufacturer of climbing footwear.
Shares of Emulex Corp. rose in after-hours trading after the Costa Mesa-based networking equipment maker reported June quarter revenue and adjusted profits that beat Wall Street expectations and provided financial targets in the current quarter that were above estimates.
Irvine-based medical device maker Masimo Corp. today posted second-quarter results that missed Wall Street expectations.
Two proxy advisory firms now are backing activist investor Bill Ackman in his efforts to call a special meeting of Irvine-based Allergan Inc. shareholders as part of a hostile takeover bid from Valeant Pharmaceuticals International Inc.
OpenSignal, a technology startup in Laguna Hills, got $4 million in a recent funding round led by Qualcomm Ventures, the investment arm of San Diego-based chipmaker Qualcomm Inc.
Federico Pignatelli, a director of Irvine-based Biolase Inc., said today he was resigning from the company’s board and withdrawing his nomination for election at its upcoming annual meeting.
Huntington Beach-based Confie Seguros Insurance Services Inc. has acquired three brokerages to add to its growing list of offices nationwide.
An Austin, Texas company has acquired San Clemente-based Benesan Corp., which makes specialized software for in-home, nonmedical patient care.
The Ensign Group Inc. in Mission Viejo has purchased Angeles Home Health Care of Los Angeles for an undisclosed amount.
Tustin-based engineering firm Hall & Foreman Inc. has been acquired by David Evans and Associates Inc. in Portland.
The Farrell's Ice Cream Parlour Restaurants parent company Lake Forest-based Parlour Enterprises Inc. said it will begin franchising.
HEALTHCARE: Drug maker could derail hostile bid with deal
Names are emerging as potential buys for Irvine-based Allergan Inc. as it strives to derail Valeant Pharmaceuticals International Inc.’s hostile takeover attempt.
RESTAURANTS: Post IPO, eyes nearly 400 Southwest spots
El Pollo Loco Holdings Inc. will target focused growth in markets similar to where it’s already strong with its well-received public offering under its belt.
Xavier Gutierrez has joined the board of directors at Costa Mesa-based Commercial Bank of California.
Vision, Effort Can Differ From Working Wealthy
Two visitors are ushered into the home of Howard and Roberta Ahmanson.
REAL ESTATE: $42M deal adds to $23M in recent buys
Irvine-based real estate investor PRES Cos. has made its second large acquisition in North Orange County this year—a four-building office portfolio in Brea.
BANKING: Further review reveals that $1.9 billion—$120K per capita—isn’t exactly all that
Wealth isn’t always what it seems.
Ex-Irvine Co. Exec Had Idea as Managed Rentals
An Irvine startup that uses electronic lockers and proprietary software to store and access delivered packages has raised more than $1 million from Tech Coast Angels investors as it expands operations beyond Southern California.
Oceanfront Site Could Command Prices of $11M+
Construction on Aerie, an ultra-luxury condominium development in Corona del Mar more than 10 years in the making, is about to start.
Markets Cooperate as Entries Tally $54B
All the ingredients pointed to another good year for the richest residents of Orange County: an extraordinarily strong run in stocks, continued briskness in the commercial and residential real estate sectors, and some surprising resilience in the bond market.
REAL ESTATE: Towers in Houston, Chicago bring $216M in profits
Companies headed by OC’s wealthiest residents are proving to be a profitable source of business for Newport Beach-based KBS Realty Advisors.
National Organization Joins in $20M Commitment to College-Bound Kids in Need
Call them Simon Scholars with something extra.