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Angel Investors Start Due Diligence on Pair of Startups
The Cove Fund I selected two startups to move on to the next stage—due diligence—after hosting a pitch session on Jan. 26.
Wants to Focus on Buys Pipeline Without Equity
San Clemente-based CareTrust REIT Inc. is keeping itself busy as February unfolds by reworking its credit, paying off debt and making deals.
Sales and leases of offices, industrial buildings, retail space and apartments
Christine and Jeff Chow sold an industrial condominium in Fullerton to Dolce Vita Property Investments LLC for $1.2 million, or $185 per square foot.
More than a million square feet of new commercial space was delivered in Orange County’s industrial market last year, surpassing the 958,241 square feet recorded in 2014.
Not Everything in Works In First Phase of Campus
Recent job cuts at Broadcom Corp.’s local operations following its sale to Avago Technologies Ltd. appear to fall in line with the construction seen so far at the chipmaker’s new office campus being built at Great Park Neighborhoods in Irvine.
Developer Plans Creative-Office Space at Former LA Times Plant
The former Los Angeles Times printing plant in Costa Mesa is slated to be turned into Orange County’s largest creative-office redevelopment project to date.
Genetic testing provider Ambry Genetics Corp. will open a new, 65,000-square-foot laboratory across the street from its Aliso Viejo headquarters this month.
Deckers Outdoor Corp. said it will move Irvine-based sandal maker Sanuk USA LLC to Deckers’ headquarters in Goleta to help “streamline brand operations and reduce infrastructure costs.”
A 465,000-square-foot corrugated box-producing plant in Buena Park run by Atlanta-based Georgia-Pacific LLC will close by Sept. 1, the company said.
Buyers Now Want Practical Innovation in Retrofits
A recent survey by Coldwell Banker reveals that the growth curve of connected-home devices, such as smart thermostats, door locks, smoke detectors and light switches, is on track to beat that of smartphones and tablets over the next five years, expanding from 20.7 million units in 2014 to 35.9 million units by 2017.
Buy of Digital Company Deepens Social Efforts
Irvine-based Alphaeon Corp. is continuing to grow its healthcare technology presence.
Centrum South Follows Nearby $44M CHOC Deal
CT Realty Investors, one of Orange County’s biggest industrial investors and developers in recent years, has added another local office building to its portfolio.
A 465,000-square foot corrugated box plant in Buena Park run by Atlanta-based Georgia-Pacific LLC will close by Sept. 1, the company said.
Deckers Outdoor Corp. said it will move Irvine-based sandal maker Sanuk USA LLC to its headquarters in Goleta to help “streamline brand operations and reduce infrastructure costs.”
Irvine Company said it plans to add a Nordstrom Rack store to its 120-tenant lineup at The Market Place shopping center in Tustin and Irvine.