REAL ESTATE: Largest Q1 lease for Cerritos Ave. building
Walt Disney Co. recently signed a lease for an industrial building in Anaheim, the latest notable real estate move of Orange County’s largest employer and the biggest industrial lease in OC so far this year by square footage.
Charter airline JetSuite Inc. plans to move its headquarters from Irvine to Dallas as part of growing JetSuiteX, its scheduled charter division.
The value of the Los Angeles Angels of Anaheim rose 3% in the past year to $1.8 billion, according to Forbes’ latest annual estimates.
Local hotels had higher average daily rates, occupancies, and revenue per available room in February, in both year-over-year numbers and compared with January, CBRE Hotels said. Most OC submarkets also increased.
Orange County Visitors Association data shows tourism-related spending in Orange County rose last year for the fourth year running, topped $12.5 billion, and involved more than 177,000 jobs.
Qatar Airways invested in JetSuite Inc., and JetBlue Airways increased its stake in the Irvine-based charter carrier on undisclosed terms.
Marketing firm The Shipyard named David Sonderman chief creative officer on Tuesday.
La Jolla Group Teams With Austrian Marketer
Irvine-based apparel maker La Jolla Group wants to get personal with customers.
A 12-story, 326-room Radisson Blu hotel is planned in Anaheim, about a mile from Disneyland Resort, with an opening scheduled for 2020.
Year-over-year John Wayne Airport passenger totals rose more than 7% in February to about 763,500. Commercial flights were up more than 5% to about 3,300.
Long Beach Airport traffic increased 11% in February compared with the same month last year to a total of about 306,000. Year-to-date the airport has seen about 627,000
Dave Habiger was named president and chief executive of consumer data and analytics company J.D. Power.
Supervisors approved an initial framework for John Wayne Airport’s general aviation improvement plan on March 13 by a vote of 4 to 0, with one supervisor absent from the afternoon session tally.
About 300 members of Orange County’s business community celebrated five honorees at the Business Journal’s 17th annual Excellence in Entrepreneurship Awards Thursday.
Justice Department lawyers said this week they plan to try medical-device executive Jim Mazzo for a third time for violating insider trading rules after two prior efforts ended in hung juries.