Mo Honarkar made headlines last week for a string of property buys along the coast of Laguna Beach. This week it’s another area family—the Moshayedis—with ties to OC’s tech and real estate scenes that’s having their turn.
A venture led by Manouch Moshayedi just bought a handful of waterfront properties along Newport Beach’s Mariner’s Mile, including the Charter Yachts site, for nearly $15.4 million.
Meanwhile, his brother, Mark Moshayedi, recently closed on a nearby site across the street that holds Bayport Yachts and other tenants—a $6.4 million deal, the Insider hears. Lee & Associates brokered on the former, CBRE the latter.
The deals add to the Moshayedi family’s collection on Mariner’s Mile. The founders of Santa Ana-based data storage firm STEC (now a part of Western Digital) are already the main property owners along that stretch of PCH, and are eyeing a revamp of the area.
A few notable names and dates to put on your calendar:
Hotel developer and Businessperson of the Year Bob Olson keynotes our Excellence in Entrepreneurship awards event on March 12, while Neil Bush, chairman of the Points of Light nonprofit, keynotes our Civic 50 event Oct. 16.
Riordan, Lewis & Haden’s Murray Rudin—the Billy Crystal of OC’s finance world—once again emcees our CFO Awards on the 31st this month. All events are at Hotel Irvine.
Of the 16 million U.S. soldiers who served in WW2, fewer than 400,000 remain alive today. That number will fall nearly in half over the next two years, according to figures from the U.S. Department of Veterans Affairs.
That sobering statistic isn’t lost on Fuscoe Engineering’s Pat Fuscoe, whose father, Patrick H. Fuscoe, died in December at age 90. “He had a good long life,” he said last week.
An event-filled one, too, especially early on. “The Navy saved his life,” according to Pat, who said his father, an orphan with an unsure future, at age 15 passed himself off as 18 to enlist. He served under Adm. Bill Halsey in the Pacific Campaign.
A service early this month at Green Hills Memorial Park in Rancho Palos Verdes brought an unexpected trio of guests: uniformed, active-duty sailors, including a Captain, who presented the Fuscoe family with a flag, spoke at the service—“they knew everything about him”—and stayed for the duration of the event. Pat found out that type of send-off is now the policy, since the military recognizes the dwindling number of WW2 vets.
Fuscoe’s Irvine-based engineering firm is likely to be involved in the work for OC’s veterans cemetery, whether its final location ends up being in Anaheim or Irvine. It’s a matter of when, not if, he said.
“It will happen here, for sure.”
