Ex-PepsiCo exec tapped for QCD, 2017 … $1B unit of $7B Golden State Foods (see Mark Wetterau) … GSF brings meat, sauces, other foodstuffs to McDonald’s; QCD handles other clients: Starbucks, Chipotle (see Brian Niccol), Wendy’s … 17K deliveries weekly, 5.5K restaurants … 25% of GSF’s 6K workers … bachelor’s, Indiana; executive MBA, Colorado
An 8.6-acre office and retail complex in Huntington Beach has sold for $97.3 million.
Newport Beach’s William Lyon Homes (NYSE: WLH) has bought South Pacific Financial Corp., a retail mortgage banking company based in Irvine.
SPORTS: Moshayedi, Madden, Bissell and other OC execs see parallels in sailing, business endeavors
More than a dozen sailing teams from local yacht clubs and several prominent Orange County-based business executives are heading to Hawaii this week.
Business Journal Excellence in Entrepreneurship 2018 … launched personal service agency, 2007, after unable to find caretaker for dad … offers nonmedical help to elder community: meal prep, companionship, transportation … 200+ employees, 400+ caregivers … stays lithe in growing market via individual focus, adaptation: ‘have to be chameleons’ … revenue growing at $1M-a-year clip
How WATG Draws Its Own Space
Dentists get cavities, developers buy houses; how do designers execute on their own plans—and spend their money?
Designing Couple on Restaurants, $23M Westin Long Beach Redraw
Conventional wisdom says “look before you leap.”
$1.3B Billings; 11% Sales Jump; 26M SF of Work
There appears to be no shortage of work for Orange County’s tenant-improvement contractors. The local market heated up last year after a slower 2017.
Blessings, and Jams
Glenn Stearns is an optimist—a fact made clear during an interview with our Peter J. Brennan—coming after his namesake mortgage lender filed for bankruptcy, an event that involves another notable OC finance firm, PIMCO (see his front-page story).
Few Details Disclosed For Company With China Ties
A secretive new transportation-focused tech company with domestic operations based here is looking to make its mark in the electric vehicle market.
VC Money For Allevion, Pressao
Irvine-based VC firm Adventus Ventures, which focuses on medical technology companies, last week said it completed a $3 million Series A round of equity financing, led by Korea’s OnFace SDC, a technology investor focused on Internet of Things, artificial intelligence, and integrated systems.
7,000 SF Down the Street From Portabello Estate
A contemporary-style home reminiscent of a Balinese resort has traded hands for $20 million.
10,000-SF Home Has 5 Beds, 6 Baths
Inside the exclusive enclave of Crystal Cove, a Spanish Revival-style mansion on Offshore sold for $16.4 million, just shy of its asking price of $16.9 million.
July 15-24 2019
• Rise & Shine Breakfast (Orange County Young Professionals Network), Fountain Valley, 9 a.m., free, ocypn.com
Sales of offices, industrial buildings, retail space and apartments
Bonaparte Liu purchased an office condominium from Ping Liu for $1.1 million, or $464 per square foot.
An Office With a View, Yoga, Kitchen
Zillow Group Inc. (Nasdaq: ZG) has about 380 employees in Orange County and not a single office at its three-floor, 63,000-square-foot space off Michelson Drive in Irvine.
DESIGN: From Crystal Cathedral to Catholic home
Orange County’s most iconic house of worship has designs on becoming one of the most famous structures in the Roman Catholic Church.
FINANCE: PIMCO, Blackstone at odds
Stearns Holdings LLC, a one-time Santa Ana-based mortgage powerhouse, declared Chapter 11 bankruptcy last week.
COWORKING: Full-office lease at new development
WeWork Companies Inc. has struck a deal to lease all of a just-built office in the Irvine Spectrum, and will operate one of the largest coworking spots in the U.S. at the location.