Harbor Hotels LLC, an Arizona family investment group affiliated with Cornerstone Hotel Group LLC in Buena Park, bought the Courtyard by Marriott near Long Beach Exchange, a shopping and entertainment development, from Delaware-registered Mach II Chartres Long Beach.
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Pendry Hotels plans to build a ski resort in the Canyons Village area of Park City, Utah, about five miles from Montage Deer Valley, a resort run by Pendry sister company Montage Hotels & Resorts.
The Securities and Exchange Commission is dropping its complaint of insider trading against James Mazzo, former chairman and chief executive officer of Advanced Medical Optics Inc., for allegedly tipping information about his company's acquisition to a friend, former professional baseball player Doug DeCinces.
RESTAURANTS: New name, execs; no debt
The former Real Mex Restaurants Inc. has a new name, chief executive and owner. It also has fewer locations and no significant debt.
Born in India … bachelor’s engineering, South Dakota; MBA, Arizona … engaged from age 2 to marry Indian woman he’d never met; married Marta from NB instead … founded swimwear co., $5K loan from Marta’s mom … joined $535M buy, holds stake in NBA Sacramento Kings … kids Lisa, Alex, bought out Raj, Marta in 2007; Swander Pace Capital, Goldman Sachs … Lisa daughter-in-law to Paul Merage (see entry)
A crowd of more than 400 members of Orange County’s corporate and legal communities gathered to honor this year’s top in-house lawyers at the Business Journal’s ninth annual General Counsel Awards.
TECHNOLOGY: Ad services company grows fast
ConversionPoint Technologies Inc. made quite a statement last week.
Chairman, CoreLogic Inc., Commercial Bank of California … PGA Hoag Classic chair … backs: CSUF, Chapman, Discovery Cube, Mind Institute, Segerstrom Center, South Coast Rep … Gave $10M naming gift, SCR; transferred naming to founders … wants to meet Jim Whittaker, first American to scale Everest: ‘both in West Seattle H.S. Hall of Fame’ … can’t-miss social event: wife Margo’s birthday
Select Interior Concepts Inc., an Anaheim-based building products and services company, reported third quarter sales increased 35% to $127.6 million from the same period a year earlier.
REAL ESTATE: Says OC deals becoming harder to find
Igor Olenicoff, Orange County’s second-wealthiest businessperson, doesn’t plan many local real estate acquisitions in the current frothy market.
Famed Maglite intro 1979 … award-winning, iconic look, heft … born 1930 in NYC, raised in Croatia … founded firm in 1955, ‘one-man machine shop … rented garage’ … now employs hundreds in U.S., incl. vets ... still active … 200th patent, 2018 … Business Journal OC’s Wealthiest
Irvine-based Kofax Inc. is paying $400 million in cash to obtain the document imaging division of Nuance Communications Inc. (Nasdaq: NUAN).
Irvine’s Cylance Inc. may be sold to BlackBerry Ltd for as much as $1.5 billion, according to a Business Insider report that cited unidentified people familiar with the matter.
Santa Ana-based Allied Universal, the largest U.S. security firm, named Andrew Vollero incoming chief financial officer to replace Bill Torzolini, who retires next year after 15 years in the role.
U.S. stocks posted a broad decline led by technology stocks. The Nasdaq dropped 2.5% to 7,221.92; the S&P 500 fell 1.6% to 2,735.18; and the Dow Jones Industrial Average declined 1.9% to 25,503.98.
TYR Olympic Plans Begin With String of Endorsement Deals
The 2020 Summer Olympics in Tokyo may be 19 months away, but Seal Beach-based swim and sportswear manufacturer TYR Sport Inc. is already putting in the work in order to walk away with a number of gold medals.