FINANCE

Costa Mesa Marriott Nears Sale

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.

Tease photo

Global Genes Taps Haugstad as CEO

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.

Tease photo

OC LEADER BOARD

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.

Tease photo

Landsea Goes Large on Inland Investment

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.

Tease photo

OCTANe Unit Raises $307M

Aliso Viejo-based OCTANe’s LaunchPad accelerator raised $307 million through the first six months of 2019.

Tease photo

FDA Discloses Edwards Recall

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.

Tease photo

Irvine Co. Promotes Three

Irvine Co. promoted a trio of executives who report directly to Chairman Donald Bren at Orange County’s dominant real estate firm.

Tease photo

Esports CEO Ng: Huge Potential for New Public Co.

GAMING: $200M+ reverse merger complete

Allied Esports Entertainment Inc., an Irvine-based company that runs venues and live events for online gaming enthusiasts, sees major growth possibilities for the competitive side of the industry.

Tease photo

Korean Buyer For 2 Luxe Resorts?

HOSPITALITY: Ritz, Montage trade expected

A South Korean financial services group has emerged as the likely buyer for two of Orange County’s poshest coastal resorts, which could trade hands for $900 million or more on a combined basis.

Tease photo

Masimo Invests in German Firm

Irvine-based Masimo (Nasdaq: MASI) invested in Würzberg, Gemany-based TNI Medical AG.

Tease photo

OC Unemployment Rises to 3.2%

Orange County’s unadjusted unemployment rate rose to 3.2% in July from a revised 3.0% in June and unchanged from the year-ago estimate, according to the state Employment Development Department.

Tease photo

Investor-Developer Forming $3.3B REIT

Irvine-based Steadfast Cos. will merge three non-traded real estate investment trusts into one entity with $3.3 billion in assets, including 71 properties across 14 states.

Tease photo

SEC Charges Stuart Frost

The Securities and Exchange Commission today charged Stuart Frost of Laguna Niguel and his investment advisory firm Frost Management Company LLC, with fraud and breach of fiduciary duties for charging over $14 million in undisclosed and excessive incubator fees to start-up companies.

Tease photo

ChromaDex to Place $7M

Irvine-based ChromaDex (Nasdaq CDXC) will sell $7 million of its common stock in a private placement, with a closing expected Aug. 15.

Tease photo

Alteryx Names New CMO

Irvine-based data analytics company Alteryx Inc. (Nyse: AYX) hired Amy Heidersbach as chief marketing officer to help fuel further growth.

Tease photo

El Pollo Loco Adds C-Suite Legal

Costa Mesa-based El Pollo Loco Holdings Inc. (Nasdaq: LOCO) named Jason Weintraub its Chief Legal Officer, a new position.

Tease photo

UCI Tops School Ranking List

The University of California at Irvine ranked No. 1 on Money magazine’s 2019-20 list of the nation’s “Best Colleges.”

Tease photo

Tech Coast Angels Sells Stake

An off-market secondary sale of Tech Coast Angel’s stake in Marina del Rey-based LeaseLock closed last week.

Tease photo

Creed to Retire; Gibbs In

Greg Creed will retire as chief executive of Yum Brands Inc. (NUSE: YUM) Jan. 1 and be replaced by David Gibbs, current president and chief operating officer of the Louisville-based fast food franchiser of KFC, Pizza Hut and Taco Bell.

Tease photo

Esports Venue Operator Goes Public

Allied Esports Entertainment, an Irvine-based company that runs facilities for online gaming enthusiasts, as well as the World Poker Tour, went public Monday by reverse merger.

Tease photo

Intracorp: More OC Units

Intracorp closed on an Irvine parcel that will hold 178 apartment units. It's also building in Fullerton.

Tease photo

Glaukos to Buy Avedro

Glaukos Corp. (NYSE: GKOS), a San Clemente-based maker of devices to cure glaucoma, will purchase Avedro Inc. (Nasdaq: AVDR) to add what it calls “disruptive bio-activated pharmaceuticals.”

Tease photo

Growing Law Firm Hits Irvine

San Diego-based civil litigators Tyson & Mendes have opened an OC office in the Irvine Business Complex under managing partner Richard Somes.

Tease photo

Alteryx Plans to Offer $700M in Convertible Notes

Irvine-based data analytics software maker Alteryx (Nyse: AYX) intends to offer $350 million of convertible senior notes due 2024 and $350 million of senior convertible notes due 2026, the company said in a statement today. Some of the proceeds may be used for acquisitions.

Tease photo

Habit Heads East, Farther East

Irvine-based Habit Restaurants Inc. (Nasdaq: HABT) signed deals to add 32 locations in new territories for the fast casual burger chain—New England and Cambodia.

Tease photo