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Chesapeake Lodging Trust said it sold the 153-room Courtyard Anaheim at Disneyland Resort for $32.5 million, or about $212,000 per room.
Costa Mesa-based El Pollo Loco Holdings Inc. reported net income of $6.6 million and 21 cents per share for its second quarter ended June 25, 2014, compared to $410,000, or 1 cent per diluted share in the same period last year.
University of California President Janet Napolitano nominated Howard Gillman as the University of California-Irvine’s next chancellor.
The Coast Community College District Board of Trustees appointed Tom Harris interim chancellor.
The Costa Mesa-based parent of the Elephant Bar restaurant chain is slated to be bought out of bankruptcy and will be operated by a Dallas-based restaurant company.
The New York City-based Andy Warhol Foundation for the Visual Arts is giving $100,000 to The Beall Center for Art and Technology at the University of California-Irvine.
Chinese Dumpling House Delights With Each Morsel
Din Tai Fung, the famed Chinese dumpling house, opened two weeks ago at South Coast Plaza (entrance on the upper level next to Sears). I surmise that, having heard the buzz about its international reputation, the crowds will flow.
HEALTHCARE: Innovation Institute gets four buildings, 263,000 SF
The Innovation Institute LLC, a La Palma-based for-profit healthcare company formed by St. Joseph Health in Irvine last year, has taken over ownership of four medical buildings surrounding Mission Hospital in Mission Viejo.
The Dec. 18 date that’s been set for a special shareholders meeting on Valeant Pharmaceuticals’ hostile bid for Irvine-based Allergan didn’t add up to much on Wall Street, where neither company saw its shares do much last week.
HEALTHCARE: Alta Resources seeks permanent, seasonal staff
Alta Resources Inc. is bringing its Brea office along on a major expansion, with plans to hire some 700 workers there.
HOSPITALITY: Healthcare, restaurants, golf also clients
A Newport Beach-based software provider that specializes in the hospitality industry expanded its operations in China last week with the acquisition of a company in Singapore.
Santa Ana-based Corinthian Colleges Inc. said it would sell some assets to raise money to fund the winding down of its operations and, separately, that it had paid back rent its landlord said it owed.
Beacon Resources LLC in Newport Beach was acquired by Woodland Hills-based professional services firm DLC on undisclosed terms.
Aliso Viejo-based WaveTec Vision Systems Inc. will be bought by Alcon Inc., according to a statement.
Analysts Like Its Recent Showing, Suit Settlement
Irvine-based heart valve maker Edwards Lifesciences Corp. received kudos on Wall Street as it continues its yearlong market surge.