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Recent and archived news stories on: Banks, Credit Unions, Mortgage Lending, SBA, Stocks/Bonds, Venture Capital, Wealth Management...

LoanDepot Files To Go Public

MORTGAGES: Filing shows company on tearAnthony Hsieh's Foothill Ranch-based loanDepot Inc. generated over $3B last year

First Foundation to Move Holding Company to Dallas

Plans to expand into Texas

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Midday Stock Roundup

Inari, Ducommun lead OC declines

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UCI Plots $1B Health Hub

Acute Care Hospital, Outpatient Center to Open Near Irvine Campus

University of California, Irvine received the green light for a long-awaited $1B medical center on the north side of its Irvine campus

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OC Insider

Legal Scores

Keller/Anderle LLP trial lawyer Jennifer Keller ranked No. 1 attorney by SoCal Super Lawyers; Evan Moore, former NFL tight end, scores apartment complex via Stratford Capital investment firm; Jeff Moorad's Newport Beach MSP Sports Capital bought soccer clubs in Spain and Portugal since 2019

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Millennials Seeking Homes, Mortgages Boost Cloudvirga

Revenue Doubled in ’20; More in Store for 2021

Irvine-based Cloudvirga, a fast-growing mortgage software company, said its revenue doubled last year and it expects similar growth in 2021, spurred on by millennials and other first-time homebuyers

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Local Buyer Scores Tustin Apartments

Former NFL Player Part of Strattford

Local investment group Strattford Capital LLC headed by a former NFL player has acquired the 80-unit Woodside Garden Apartments in Tustin for $26M

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LoanDepot’s Marketing Spend Tops $1.2B

Pairs Big Data, Analytics With Traditional Marketing

Foothill Ranch-based loanDepot Inc.’s initial public offering compares much different to its current pending IPO, with sales of more than $3B in the first nine months of 2020, and a workforce topping 10,000

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Midday Stock Roundup

Restaurants, led by BJ’s, fall; ClearPoint on the rise

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OC Unemployment Rises to 7.4% in December

Leisure and hospitality sector loses 14,300 jobs

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Allied Universal Makes 2 Acquisitions

Adds $477M in Revenue, 13,600 Employees

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Midday Stock Roundup

Collectors Universe leaps on higher offer; TriPointe rebrands name

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Rivian Raises $2.65B

Amazon Climate Pledge Fund among investors

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OCBJ INSIDER

New Drives

What’s ahead for Foothill Ranch’s loanDepot; Tesla's $800B plans to expand in Irvine; Irvine’s Rivian is nearing another funding round, valuing the company close to $25B

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Home Design Studio Chain Interior Logic Plans IPO

REAL ESTATE: Serves top 20 builders in US

Irvine’s Interior Logic Group Holdings Inc. plans to build a much bigger national footprint

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Olen’s Southeast Rental Portfolio Now Tops $2B

REAL ESTATE: Charlotte push; office buy near Nashville

Olen Properties Corp.'s late-year acquisition spree in the Southeast pushed the value of the Newport Beach-based real estate investor’s growing apartment portfolio past $2B

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Irvine Housing Developments See Strong 2020 Sales

Among Top 50 Master Planned Communities

Irvine Co.’s Irvine Ranch and FivePoint Holdings LLC’s Great Park Neighborhoods made the John Burns Real Estate Consulting list of the 50 most successful master-planned communities in 2020, ranked by sales

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Hall & Co. Acquired by MGO

Irvine accounting firm joins Los Angeles company

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Midday Stock Roundup

Inari blows away revenue estimates; Avid Bioservices continues rising

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Medical Office Sales End 2020 on High Note

REAL ESTATE: $80.6M for office near Saddleback

Orange County’s office investment market ended 2020 in good health, in particular for buildings focused on medical uses

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Beacon Pointe Acquires Two Firms

Expands in Florida, South Carolina

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Kura Sales Fall as Sushi Firm Grapples with COVID-19

Losses also widen in the quarter

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OCBJ INSIDER

Scenes from a Riot

Rep. Lou Correa shares firsthand account of Capitol takeover; New ghost kitchen restaurants sets up in Anaheim; Irvine’s Fitness International LLC remains country’s largest health club

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Ephesoft, JIFFY.ai Link For Mortgages, Financial Services

‘HyperApp’ to Accelerate Loan Document Processing

Irvine-based software developer Ephesoft Inc. and automation technology company JIFFY.ai in Milpitas have teamed up to promote digital change in the financial services and mortgage industries

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LBA Realty Building New Office at Park Place

40K-SF Creative Space; Luxe Movie Theater Nixed

LBA Realty is switching gears on plans for the former spot of the Sport Chalet, at the retail portion of its Park Place mixed-use campus in Irvine

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