SERVICES

El Pollo Loco Shares Plunge

Shares in Costa Mesa-based El Pollo Loco Holdings Inc. fell sharply following its quarterly report, declining more than 15% Friday and dipping below a $500 million market cap.

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Disney Sets Galaxy’s Edge Opening

Disneyland Resort in Anaheim will open its Star Wars: Galaxy’s Edge attraction in two phases, starting May 31.

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Tourism Sees Gains

About 50 million people visited OC last year, including 24.4 million that came to Anaheim, according to Orange County Visitors Association and Visit Anaheim.

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Lazy Dog Enters Houston

Costa Mesa-based Lazy Dog Restaurant & Bar plans to open a location near Houston later this year, a new market for the casual dining chain that has five locations open or in development in the suburbs of Dallas.

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Coolsys Buys 160-Employee Firm

Brea-based Coolsys, the largest refrigeration and heating system company in the U.S., said it bought a 160-employee firm to expand into the northeast. Terms weren’t disclosed.

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Stretto Buys Bankruptcy Tech Firm

Irvine-based Stretto, which supplies services for both corporate and consumer bankruptcies, acquired CINgroup to enlarge its technology services.

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Second Harvest Names CEO

Irvine-based nonprofit Second Harvest Food Bank of Orange County named restaurant veteran Harald Herrmann chief executive, succeeding Nicole Suydam who left to head Santa Ana-based Goodwill of Orange County.

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Habit Shares Jump on Forecast

Habit Restaurants Inc. (Nasdaq: HABT) in Irvine forecast 2019 revenue higher than analysts expected, sending shares more than 15% higher in recent trading.

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BJ’s Income Up; Shares Down on Earnings Miss

Shares in Huntington Beach-based BJ’s Restaurants Inc. (Nasdaq: BJRI) declined about 8% to a market cap of $1 billion in Friday trading as the casual dining chain missed quarterly earnings estimates by a penny a share.

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Feds Sue Ex-Reg Owners for $55M

The federal Pension Benefit Guaranty Corp. sued the former owners of the Orange County Register on Feb. 14 alleging “breach of fiduciary duties” related to the newspaper’s employee pension fund.

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Sundt, Cypress, Begin $80M ‘SEM’ Building

Irvine-based Sundt Construction broke ground on an $80 million project at Cypress College.

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Ex-Fairmont GM Gets Wineries Post

Carter Hospitality Group in Santa Ana named former Fairmont Newport Beach General Manager Karl Kruger to run two Temecula winery resorts it owns.

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Sunstone Quarterly Revenue Up

Aliso Viejo-based hotel REIT Sunstone Hotel Investors Inc. (NYSE: SHO) reported better-than-expected fourth-quarter results Tuesday, with revenue increasing 3.2% to $280.9 million in the period.

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WeWork Signs Big Lease Near JWA

Coworking firm WeWork has inked a lease for its second large location in Irvine close to John Wayne Airport.

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Real Estate Data Firm Bought

Irvine’s ATTOM Data Solutions has been acquired by Lovell Minnick Partners, a Philadelphia-based private equity firm, on undisclosed terms.

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