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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 yearFirst Foundation to Move Holding Company to Dallas
Plans to expand into Texas
Midday Stock Roundup
Inari, Ducommun lead OC declines
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
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
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
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
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
Midday Stock Roundup
Restaurants, led by BJ’s, fall; ClearPoint on the rise
OC Unemployment Rises to 7.4% in December
Leisure and hospitality sector loses 14,300 jobs
Allied Universal Makes 2 Acquisitions
Adds $477M in Revenue, 13,600 Employees
Midday Stock Roundup
Collectors Universe leaps on higher offer; TriPointe rebrands name
Rivian Raises $2.65B
Amazon Climate Pledge Fund among investors
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
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
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
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
Hall & Co. Acquired by MGO
Irvine accounting firm joins Los Angeles company
Midday Stock Roundup
Inari blows away revenue estimates; Avid Bioservices continues rising
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
Beacon Pointe Acquires Two Firms
Expands in Florida, South Carolina
Kura Sales Fall as Sushi Firm Grapples with COVID-19
Losses also widen in the quarter
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
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
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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