Orange County Business Journal


Recent and archived news stories on: Apartments, Architecture, Brokers, Construction, Housing, Mortgages, Offices, Property Management, Realtors...
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Standard Pacific CEO Stowell Joins Pacific Mutual Board

Scott Stowell, chief executive officer and president of Irvine-based homebuilder Standard Pacific Corp., has been named to the board of Newport Beach’s Pacific Mutual Holding Co., the ultimate parent company of Pacific Life Insurance Co.

Stearns Tops U.S. Market Share for Wholesale Residential Loans

Santa Ana-based Stearns Lending Inc. was ranked No. 1 wholesale residential lender for 2013 by Inside Mortgage Finance Publications Inc. in Bethesda, Md.

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Mitsubishi Electric Moving to Huntington Beach

Mitsubishi Electric Automotive America Inc. plans to consolidate its regional operations in Huntington Beach.

Top Minority-Owned Businesses Reach $12.8B in Revenue

ECONOMY: 5.5% increase in sales; 2.2% gain on OC jobs

The biggest minority-owned businesses based in Orange County combined for $12.8 billion in revenue last year, a 5.5% increase from a year earlier.

Convention-al Wisdom: Size Matters

Convention centers throughout Southern California and the nation battle in a never-ending contest to win the business of everyone from comic book geeks to medical device makers.

Costa Mesa Firm’s Route to Hollywood Runs SXSW

Hotel Conference Producers Take Bow at Austin Film Festival

There’s no business like show business, suggests the popular tune by Irving Berlin.

Pacifica’s Play: Stay at Beach, Add Services

HOSPITALITY: Hotel operator looks to grow management services

Investing in coastal properties has been a no-brainer for Pacifica Hotels ever since 1993, when it got started in Santa Barbara as the hotel investment and management wing of private equity firm Invest West Financial Corp.

DJM Hears Skeptics, Gets ‘Aggressive’ on Pacific City

REAL ESTATE: Joins list of OC retail projects in works

DJM Capital Partners Inc. has more than a big hole to fill along Pacific Coast Highway when it comes to its long-awaited Pacific City retail project in Huntington Beach.

Google Capital Puts $50M in

Irvine-based, an online real estate auction company, reportedly received a $50 million investment from Google Capital, an investment arm of the Internet giant.

10 OC Residents Make Top Billionaire List

Ten of Orange County’s wealthiest were named on Forbes’ latest list of top billionaires in the world.

Home Sale Sets Four-Year San Juan Capistrano Record

Nets $5.6M, Most Per Square Foot Since 2010

A home at 31831 Paseo Cielo sold on Feb. 20 for $5.6 million, the highest price per square foot in San Juan Capistrano and the nearby city of Laguna Niguel and community Coto de Caza since 2010.

West OC Industrial Sees Decrease in Vacancy, Rise in Sale Prices

The fourth quarter in West Orange County continued to demonstrate positive trends the submarket has been consistently witnessing.

Uptown Newport Alters Ownership, Moves Ahead

Shopoff Buys Out DRA, Brings in Picerne Group

The Uptown Newport mixed-use development on Jamboree Road is preparing for its first major round of construction following a few changes in ownership for the high-visibility Newport Beach project.

Real Estate Deals

John Higman sold an industrial and manufacturing building in Brea for $5.5 million to Air Treatment Corp., an HVAC systems equipment and design contractor.

Volume Here Bucks Nat’l Trend for 3% Jump on 310 Deals

Number of Deals Down 11% in U.S.; Total Value Up

The pace of merger-and-acquisition activity by Orange County businesses rose by about 3% in 2013, capping the year at 310 deals.