Wilson: Up to $2.2B in Down Year for Dealers; AAA Up
Wilson Automotive Group in Orange was the only one of six area auto dealership groups to report a sales increase on this week’s list of OC’s biggest private companies.
Privacy Has Its Privileges, Including Rising Sales
Four of Orange County’s largest private companies weren’t expecting to stay private as of a few years ago and one of them didn’t expect to be OC-based, either.
DEVELOPMENT: Irvine Co.’s Latest: Luxe Offices, Higher Rents
Irvine Co. is bringing some Silicon Valley chic to its latest office park in the Irvine Spectrum.
CONSTRUCTION: Site could hold 90,000 SF
Construction and infrastructure company Primoris Services Corp. (Nasdaq: PRIM) has bought a 7-acre site in Aliso Viejo. Real estate watchers expect the nearly $1 billion-valued firm to build a new regional facility there.
Over 5,000 Units Underway in OC
If there’s an end in sight to Orange County’s apartment construction boom, no one told the developers.
4.2M SF in Past Year; Retail Still a Question
Office projects continued to drive commercial development in Orange County last year, and not just in the county’s largest office market.
Steady Growth Expected to Continue
Revenues for Orange County’s largest commercial construction companies reached a new post-recession high last year.
Fintech Nears Unicorn Status
Acorns Advisers LLC is growing much faster than a typical oak tree.
FINANCE: TGS billionaire a buyer, records indicate
Wells Fargo & Co. has sold two offices it owned in the Irvine Spectrum for about $60 million combined, the latest sign of local retrenchment for Orange County’s second-largest commercial bank by employee count and local deposits.
A Nice Start; A Few Hiccups
My initial impression of Acorns was it made a lot of sense—no pun, intended—since in other places I’d personally experienced small investments turn into large portfolios.
Global Reach, International Size
If the county were a country, OC’s annual GDP of nearly $250 billion would put it in the low 40s of rankings by the International Monetary Fund, World Bank and United Nations—nestled among the likes of Finland or Egypt, depending on who counts.
Higher Prices, Low Rates, Emerging Debt Funds
With all of the media discussion and corporate conversation of when to expect the next recession, it’s natural to wonder if and when a correction in real estate values will come—and with it less capital for commercial real estate lending.
The Real Work Starts After Sign-Up
When I arrived in Orange County in 2013 with Creative Planning Inc., we had no office and no staff.
Elders Counsel Clients, Find Partners, Consider Futures
Veteran money counselors are aging apace with the baby boomers they serve, a sometimes troubling fact for those approaching retirement. They want to be sure their financial advisers will be there when they need them the most.
Merrill Lynch Climbs To No. 1; Wells Fargo Slips
Orange County’s largest broker-dealers trimmed their staffs slightly over the past year amid uncertainties in the financial outlook and changes in the industry.