FINANCERecent and archived news stories on: Banks, Credit Unions, Mortgage Lending, SBA, Stocks/Bonds, Venture Capital, Wealth Management...
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.
Allergan Inc., the Irvine drug maker that is now part of Dublin-based Actavis Plc., has ended its court fight with Canada-based Valeant Pharmaceuticals International Inc. and activist investor Bill Ackman’s New York City-based Pershing Square Capital Management LP.
Irvine-based LAG Fit Inc. has acquired a franchised chain of 35 pilates studios in the U.S. and Australia from a competitor in Del Mar.
Quick Bridge Funding LLC, an alternative lender specializing in short-term financing, has moved its headquarters from Orange to Irvine, taking 17,000 square feet at Market Place Center.
San Clemente-based CareTrust REIT Inc. said today that it bought a nursing home in Washington state for $9.1 million.
Irvine-based Habit Restaurants Inc. said it would offer up to 5.75 million shares of its Class A common stock owned by various stockholders, including some officers and directors, for sale beginning April 10 and expected to close April 15.
Aliso Viejo-based Ambry Genetics Corp. acquired Delray Beach, Fla-based Progeny Software LLC for an undisclosed price.
The convicted bank robber who stole the identity—and a $1.4 million tax refund—of Irvine Company Chairman Donald Bren was sentenced to time served, restitution and supervised release, according to court records.
Prudential Real Estate Investors said it has acquired a 75% stake in Huntington Beach's Bella Terra Shopping Center.
American Vanguard Corp., a Newport Beach-based maker of specialty chemicals and agriculture products, has acquired the European insecticide business assets of Adama Agricultural Solutions Ltd.
Aliso Viejo-based Johnny Rockets has signed a deal to franchise 100 restaurants in China over the next 10 years, with the first set to open next year in either Shanghai or Beijing.
Newport Beach-based Alliant Insurance Services Inc. has acquired North Idaho Insurance LLC on undisclosed terms.
Irvine-based Habit Restaurants Inc. said in a regulatory filing March 24 that Boston-based Numeric Investors LLC, an affiliate of London-based Man Group Plc, bought about 477,000 shares of the burger chain’s Class A common stock.
California State University-Fullerton President Mildred Garcia has been named to a national commission formed to find “practical solutions” to the increasing cost of a college education, the university said.