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Share prices in Irvine-based Banc of California Inc. continued to rise on Friday after the bank on Thursday reported quarterly profits of $19 million.
Irvine-based storage products maker Western Digital Corp. after the close of trading reported December quarter revenue in line with Wall Street expectations and adjusted profits that narrowly beat estimates.
Irvine-based Quality Systems Inc. reported financial results that missed Wall Street expectations for the three months ended Dec. 31.
Irvine-based security software maker SecureAuth Corp. has raised another $10 million and expanded operations to the Beltway.
Children’s Hospital of Orange County will expand its neonatal intensive care unit.
Montage Hotels & Resorts LLC in Irvine said a real estate fund affiliated with Ares Management LP in Los Angeles will buy up to 20% of the hospitality manager and, in addition, commit “up to $200 million” to acquire and develop properties which Montage would operate.
Huntington Beach-based Quiksilver Inc. selected a new board of directors to take over after bankruptcy proceedings end, according to documents filed with the U.S. Bankruptcy Court for the District of Delaware.
The S&P 500 was up 1.47% in midday trading to 1,904.72.
Pacifica Hotels bought the Milner Hotel in downtown Los Angeles from Milner Hotels Inc.
Irvine-based Opus Bank will buy San Francisco-based PENSCO Trust Co.
The S&P 500 was down 0.7% to 1.894.32.
Cal State Fullerton has been awarded a $3 million grant from the California Institute for Regenerative Medicine to continue its scholar program in stem cell research and regenerative medicine.
REAL ESTATE: Lincoln owns 10-acre parcel next door
Lincoln Properties Co. is in talks to buy the Los Alamitos City Hall and municipal center, a 3.1-acre site on Katella Avenue where the developer plans to build a shopping center.
REAL ESTATE: Plans makeover to stand out in Anaheim Canyon
Hines Interests LP has bought the former headquarters of Fisker Automotive and Technologies Group LLC in Anaheim, adding another office to its already sizeable base of buildings in North Orange County.
Irvine-based Axonics Modulation Technologies Inc. raised $38.5 million in Series B financing.
Orange County’s top financial professionals were honored in five categories on Jan. 21 at the ninth annual Business Journal CFO of the Year awards dinner, which drew a crowd of about 600 to Hotel Irvine.
Five Move in First Ten Days, Four on Coast
Five Orange County luxury homes sold during the first 10 days of the year, and four of those are ocean-view homes in OC’s priciest communities. The other is an expansive estate on an acre-plus spread in Coto de Caza that once graced the cover of Unique Homes magazine.
REAL ESTATE: Adds 535,000 SF of retail in wake of sale of LA mall
A Los Angeles-based investor with ties to that city’s Korean-American community has bought a majority stake in Buena Park’s largest mall.
For-Sale Project Follows Nearly 10 Years of Rental Developments
A Newport Beach-based homebuilder is planning the first dedicated for-sale housing project in Anaheim’s Platinum Triangle district in nearly a decade.
Fear Possible Faith-Based Access Restrictions
Some advocacy groups are urging regulators not to waive a merger review of Irvine-based St. Joseph Health and Renton, Wash.-based Providence Health and Services’ proposed mega-affiliation.
Sales and leases of offices, industrial buildings, retail space and apartments
CT Realty Investors, New York State Common Retirement Fund and Artemis Real Estate Partners sold an industrial building in Huntington Beach to Rexford Industrial for $17.1 million, or about $149 per square foot.
Multistory Office Sites Get Developer Attention
Area office owners are super-sizing the latest crop of creative-office redevelopment projects on tap in Orange County.
Orange County’s unemployment rate ticked down to 4.1% in December from 4.2%
Orange County’s top financial professionals were honored in five categories on Jan. 21 at the Ninth Annual Business Journal CFO of the Year awards dinner, which drew a crowd of about 600 to Hotel Irvine.