High-Priced Sales, New Projects Highlight Hotel Industry’s Resilience
Record-setting sales providing plenty of funds for planned developments on hotel properties
HEALTHCARE: Boosting supply of critical IV fluids
Facilities around the country will be part of the investment plan to double capacity for IV solutions.
HOMEBUILDERS: 1st buy since going public
New community of townhomes will feature various designs and floorplans that will be prepared for smart home utility
FINANCE: Secretive hedge fund buys CSUF campus
Interest in the entire campus caused CSUF to change initial plans for selling
FOOD: Upstart’s subscription plans take off during pandemic
Taylor DeCosta calls the first dinner she cooked for her then-boyfriend, now-husband the million-dollar plate of enchiladas.
FINANCE: $207M for top 15 lenders in OC
Loans under the Small Business Administration to local borrowers soared 63% to $206.6 million on the Business Journal’s annual list of lenders.
California Dominance in Innovation Jobs Still Trumps Texas, But OC Lags
San Diego moves up the ladder for innovation jobs in 2020, ahead of Orange County
Rocky Mountain Rivalry
Orange County companies continue to increase their presence in Colorado
MEDIA: B2B publisher adapts to keep relevant
Plans to launch a new marketing agency will place current offerings under a formal title
TECH: Sales, marketing focus after Feb. IPO
Growth strategy will see increased employee count to focus on larger share of digital advertising market
SMALL BUSINESS: Home garden gains chef followers
“Sorry, if you hear me watering in the background,” Heirloom Potager’s Ashley Irene said over the phone.
Phishing, Ransomware Among Top Issues
A new report by Irvine-based cybersecurity company Netwrix is drawing added attention to the risks of using the cloud and storing data there.
Buys Georgia’s Area-I; Maker of Military Drones
Rapidly expanding Anduril Industries in Irvine has bought a Georgia-based company that makes military drones capable of being launched from helicopters and other moving platforms.
Family-Owned Investor Champion Back in OC
A private Los Angeles investor has paid $44.4 million for a 100-unit, 346-bed student housing community near Cal State University, Fullerton.
$31.3M Medical Office Deal; Fourth Recent OC Buy
Healthcare Realty Trust Inc., a medical office-focused real estate investment trust valued at more than $4 billion, is continuing its local acquisition spree around MemorialCare Saddleback Medical Center.
Fuel50, a talent retention and recruitment software company, raised a $15.5 million round of financing this month.
Moves Up in Latest Teen Survey
Teens have spoken again for Piper Sandler’s latest “Taking Stock With Teens” report for spring, and local retailer PacSun can pat itself on the back.
Anti-Mall Chosen For Gen Z-focused Show
The Lab Anti-Mall in Costa Mesa got a strong nod from on-demand video and streaming service HBO Max.
Says Gemtesa Faster, Safer than Competition’s
Urovant Sciences of Irvine last week launched what it’s calling the first breakthrough medication for patients with overactive bladder in nearly a decade.
Brea’s Viewsonic, a maker of digital projectors and other computer and electronic products, has committed $500,000 in funding and in-kind technology to the Orange County United Way’s Empowering Future Generations initiative, which is designed to identify and support schools and organizations in need of technology resources.
DRUGMAKERS: Allergan ties, notable OC backers
$5 million in research and development costs funded project to address a global need in pet healthcare
DEVELOPMENT: Project encourages return to office
The state's largest office owner launches first phase of its latest campus Innovation Office Park in Irvine Spectrum area
Boot Barn Bucks Retail Trends, Expands With ‘Relentless Focus’ on Physical Stores
As new markets develop, a physical store redesign will be seen in new and remodeled locations
REAL ESTATE: Triples OC base, 115K SF
Despite acquisition setback, CoStar doubles down on operations in Orange County
HEALTHCARE: Medical group nears unicorn status
2021 expansion plans in place as the customer base and list of investors continue to grow
Eight Homes Above $30M on the Market
A shortage of luxury homes in Orange County continues to help drive high asking prices.
An Opportunity Made
Acquisitions and a planned IPO are setting up for big 2021 expectations
RESTAURANTS: Aims to open 20 spots over 3 years
Pre-pandemic plans on technology investments were fast-tracked for 2020 success
DRUGMAKERS: $200M licensing deal with LianBio
Feature product TP-03 will help patients in China with inflammatory eye conditions, more products planned
Newport Beach Resturant Week Begins April 19
Foodservice is in full swing as dining establishments return to normal in Orange County
Moving to Consolidated Site in Garden Grove
Larger facility is needed as the company looks towards expanding workforce
World of Warcraft Boost; Hit to Overwatch Franchise
Growth initiatives and reinvigoration of the Overwatch franchise planned for with new sequel
Surf City Mall to Swap Out Burlington Coat Factory
Plans to refresh and replace outdated retail options are in place to introduce new apartment project
Phoenix Plans Come After Denver Buy
Average selling costs has lowered as the company looks to deliver affordable communities
Insurance Savings Eyed; Verisk Analytics Data
Connectivity program actively monitor driving behaviors that could lead to insurance discounts
Brand, Food Emphasis Before Digital, Other Tactics
Focus on reinvigorating the brand will bring back personality, started with new food
Mindful of pandemic protocols and keeping guests safe, looking forward to summer banquets