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Friday, Oct 11, 2024
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OCBJ Insider

You’ll see more than a few references, and photos, of notable yachts and sailboats in this week’s OC’s Wealthiest issue, the 19th edition of one of our more closely watched issues of the year.

They’re not all for show: Manouch Moshayedi (see page 36) and his Rio 100—profiled in the July 15 edition of the paper—just won the Transpac 50’s Merlin Trophy, awarded to “the fastest monohull without powered performance systems” for the famed sailing competition that ran from Long Beach to Honolulu.

The 100-foot Rio 100 and its 16-person crew made the 2,225-mile trek in 6 days 9 hours 8 minutes 26 seconds; it’s the fastest time ever for a boat of its type. Moshayedi said he felt “fantastic” despite a lack of sleep.

Back on dry land, the Moshayedi family is looking to redevelop a large stretch of property they own along Mariner’s Mile in Newport Beach. Their plan—and obstacles they face—aren’t too different from what another Iranian-born entrepreneur turned OC real estate developer, Mo Honarkar, envisions in Laguna Beach. See our front-page feature on Honarkar for more.

“A Victoria man is applauding the owners of a yacht who plucked his dog from the ocean after it either fell or jumped off a boat on a trip between Vancouver Island and the San Juan Islands,” noted a story last week in the Times Colonist, a paper out of British Columbia.

The story also noted that “people aboard a yacht called the Huntress rescued Keelee, then tracked down the boat she came from.”

The Insider confirmed last week that the owners of the nearly 200-foot Huntress, a yacht reports peg at about $75 million, are George and Julia Argyros (see OC’s Wealthiest profile, page 12), and that Julia was among the party that saved the lost dog.

LoanDepot’s Anthony Hsieh (see OC’s Wealthiest profile, page 16) is one of more than a dozen yacht owners donating their vessels and money to August’s War Heroes on Water, a multiday event for disabled veterans that takes place around Catalina Island.

Hsieh has two boats ready for WHOW, including “one of the largest sportfishers in the world,” the Bad Company 144—the number refers to its length. He said via LinkedIn last week that the event has already raised more than $220,000, with a goal of $400,000. See more: warheroesonwater.com.

Some local heroes, with ties to the Insider:

Kudos to Portola Springs’ Patrick Chung, a pharmacist and cousin who was recently honored by Irvine with a city commendation for “his heroic life-saving efforts in preventing the drowning of a 6-year-old” at a local pool earlier this summer.

At Camp Pendleton, 10-year-old nephew Matthew Dewey has been nominated for a Cub Scout Medal of Merit, after using the Heimlich maneuver to save a choking victim.

The Webelo is well on his way to following in the footsteps of his Eagle Scout father, a soon-to-be lieutenant colonel in the Marines currently serving in the Persian Gulf.

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Mark Mueller
Mark Mueller
Mark is the Editor-in-Chief of the Orange County Business Journal, one of the premier regional business newspapers in the country. He’s the fifth person to hold the editor’s position in the paper’s long history. He oversees a staff of about 15 people. The OCBJ is considered a must-read for area business executives. The print edition of the paper is the primary source of local news for most of the Business Journal’s subscribers, which includes most of OC’s major corporate and community players. Mark’s been with the paper since 2005, and long served as the real estate reporter for the paper, breaking hundreds of commercial and residential real estate stories. He took on the editor’s position in 2018.
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