Lake Forest-based Del Taco Restaurants Inc. (Nasdaq: TACO) promoted Chad Gretzema to chief operating officer, a new position.
Shares of Banc of California Inc. (NYSE: BANC) plunged as much as 10% after revealing it would take a $36.1 million charge involving an alleged fraud.
Costa Mesa-based Veritone Inc. (Nasdaq: VERI) said its aiWARE artificial intelligence system launched on Microsoft Azure Government, which works with federal and other government agencies to secure and store data in the Cloud.
Newport Beach-based L Squared Capital Partners said it has formed Raptor Scientific LLC with a $60 million investment to acquire companies in the fragmented aerospace and defense-focused testing and measurement Industry.
Newport Beach-based Pacific Life Insurance Co. said it will sell its aviation unit for an estimated $3 billion to minority stockholder Tokyo Century Corp.
APPAREL: First store, elevating basics, $100M goal
Apparel company Richer Poorer has a pair of matching goals—corporate stability and ambitious sales growth—after a roller-coaster ride over the past five years that included multiple company sales, a change in product focus, and a near brush with bankruptcy.
BANKING: Replacement has deep roots in OC
For three years, Tom Vertin made a long commute to his job at Costa Mesa-based Pacific Mercantile Bank.
Irvine-based Cloudvirga plans to add 50 employees over the next year following its move to UCI Research Park.
San Francisco-based industrial developer Prologis (NYSE: PLD) paid $40 million for a 12-acre site in Anaheim.
KushCo Holdings Inc. (OTC: KSHB) secured a $50 million line of credit from Monroe Capital LLC in Chicago.
Fintech upstart Happy Money has raised $70 million.
Mechanics Bank said it completed its acquisition of Rabobank, N.A., a subsidiary of Rabobank Group, for $2.1 billion.
Buchanan Street Partners bought an apartment complex in Colorado Springs.
Rocket Lab launched satellites for a French maritime surveillance startup and the U.S. Air Force.
Costa Mesa-based Pacific Mercantile Bancorp (Nasdaq: PMBC) named Brad Dinsmore as chief executive, effective Sept. 3, succeeding Tom Vertin.
Santa Ana-based Allied Universal bought Wyoming, Mich.-based Midstate Security on undisclosed terms.
CoolSys, a Brea-based parent of refrigeration and HVAC services companies, said it’s hiring Ed Dunlap as its new chief financial officer.
Irvine-based wholesale technology distributor Ingram Micro may get a $4 billion investment led by RRJ Capital, which is run by former Goldman Sachs Group Inc. partner Richard Ong, according to Bloomberg.
RETAIL: Terra Tech site runs 45,000 SF
Terra Tech Corp. (OTC: TRTC) hopes a soon-to-be-built facility in Santa Ana will make the area a Disneyland of sorts for the cannabis crowd.
Host Hotel Says Deal Imminent
Shortly after selling the Newport Beach Marriott Bayview in the largest local hotel sale in nearly a year, Host Hotels & Resorts is looking to unload another local property.
Founder to Focus On Development Efforts
Aliso Viejo-based Global Genes, a nonprofit that works to connect and educate people suffering from rare diseases, this month appointed Kimberly Haugstad as chief executive.
How Inflation’s Return Will Affect Orange County’s Real Estate
There is a lot of debate over where inflation has gone and when, or if, it will return. There are some old theories evolving (or devolving), such as Modern Monetary Theory, or MMT, that attempts to describe the current conundrum of our lost inflation.
Newport Beach-based Landsea Homes bought 334 lots at Ontario Ranch, and 8,200-acre master plan near Interstate 15 and the Pomona (60) Freeway.
Aliso Viejo-based OCTANe’s LaunchPad accelerator raised $307 million through the first six months of 2019.
Shares of Edwards Lifesciences Corp. were down 3.5% in midday trading Thursday, after the Food & Drug Administration said the company had recalled part of a transcatheter heart valve system made since last year.