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Increased job growth helped fuel a surge in tenant demand in the Greater Los Angeles office market in the third quarter with 705,097 square feet of positive net absorption, which pushed the vacancy rate down to 16.5% and the average asking lease rate up to $2.67 per square foot, a 6.5% year-over-year increase.
Premier Realty Management Inc. sold a two-story office building in Santa Ana to Big Brothers Big Sisters of Orange County.
Boot Barn Holdings Inc. has priced its initial public offering of 5 million shares of its common stock at $16.
Irvine-based biotechnology company AtheroNova Inc. priced an offering of 4 million shares of its stock and warrants to buy its stock.
Irvine-based storage products maker Western Digital Corp. first-quarter revenue and adjusted earnings beat Wall Street estimates.
Aliso Viejo-based Telogis Inc. has received an equity investment from GM Ventures, the venture capital arm of General Motors Inc.
Sales at Orange County auto dealers rose 6.4% to 46,540 vehicles in the third quarter compared to the same period last year—the 16th consecutive quarterly improvement, according to the Newport Beach-based Orange County Automobile Dealers Association.
Irvine-based Vizio Inc. has signed on as the title sponsor of the 44th Annual Fiesta Bowl.
Minerco Resources Inc. in Houston, Texas, has acquired a 30% stake in Brea-Based Avanzar Sales and Distribution LLC for $500,000.
Mission Viejo-based CareTrust REIT Inc. said today that it will spend $12 million to buy three senior housing facilities.
Newport Beach-based investment firm Kodiak Capital Group LLC has agreed to buy $5 million worth of common stock of Cirque Energy Inc., a Detroit-based developer of alternative energy sources.
Irvine-based Opus Bank’s third-quarter net income fell short of Wall Street estimates.
Valeant Pharmaceuticals International Inc. said today it would be willing to raise its hostile takeover bid for Irvine-based Allergan Inc. to $200 a share.
Émigré Population Prominent Beyond Size in OC’s Community of Business
Orange County’s Indian-American community is nearly as diverse as its homeland, where myriad languages flourish in the crowded cities and secluded villages spread across the Asian subcontinent.
Financial Services Here Look for Roles on Both Ends of Deals
A number of financial services firms in Orange County are setting themselves up as conduits for deals in India, drawn by the country’s growing upper and middle classes, a raft of highly educated workers, and a number of industries that offer potential for cross-border links.
REAL ESTATE: City part of push for Marriott’s Euro-style boutique
AC Hotels by Marriott, a European-style boutique hotel brand, will include Irvine in the first wave of a development push in the U.S.
HOSPITALITY: Hotel in Gaslamp district of SD won’t carry resort name
Irvine-based Montage Hotels & Resorts is breaking new ground in more ways than one.
REAL ESTATE: Tenant-rep brokerages ‘share same DNA’
Orange County’s two largest commercial real estate brokerages that solely represent tenants in lease negotiations are combining forces.
Chance for Independence, Creativity Part of Appeal
Sunny winters aren’t the only draw for financial industry professionals to move to Orange County from Wall Street and other finance centers on the East Coast.
Reps Jump 3.4%, Overall Staff Down 5% at Top 23
Orange County’s financial advisory firms combined to deepen the pool of registered advisers here while reducing the size of their overall employment bases.
The Inland Empire industrial market continued to grow in total gross activity during the third quarter, maintaining an upward trend that picked up in the second quarter after a relatively slow first quarter.
Law Firm Second Largest Tenant at 21-Story Office
Plaza Tower, arguably the best-known office building in Costa Mesa, is keeping one of its signature tenants.
Not much math but plenty of tea leaves to read on the Pimco-Janus front.
REAL ESTATE: GE Capital backs firm’s first OC deal
Cypress West Realty Partners LLC, a Ladera Ranch-based investor in healthcare properties, has made a medical building in Rancho Santa Margarita its first local purchase.
HOSPITALITY: $124,000 per room for Best Western affiliate
A 66-room hotel in Laguna Beach is set to change hands for $8.2 million after the note securing it was sold via an Internet auction last week.