Mark Mueller covers commercial and residential real estate for the Orange County Business Journal. His beat also includes title insurers and mortgage lenders, as well as government stories that relate to real estate. He can be reached at email@example.com.
Phone: 949-833-8373 Extension: 226
LoanDepot becomes OC’s sixth-largest public company by market value; CoStar Group Inc. 'stunned' to read of CoreLogic buyout; Yucaipa Cos. of Los Angeles takes heavy equity stake in Steinberg Sports and Entertainment
RETAIL: Family affair in Laguna
2020 proved to be a breakout year for candle companies, as stay-at-home orders brought more attention to home décor and shoppers looked for comforting products.
Palmer Luckey’s nearly $2 billion-valued Anduril Industries isn’t the most valuable tech-focused company at Irvine’s 2722 Michelson building—for now.
Abundance of Investments
Irvine’s PE-backed firm Interior Logic Group will be sold to Blackstone for $1.6B; Stone Point Capital and Insight Partners will pay $6B for Irvine’s CoreLogic; Chicago ratings agency affirms AAA ratings for CMBS-loans backed by Irvine Co. office properties
Irvine’s First Foundation Inc. moves holding company to Dallas; new H Mart to open in Irvine; local businessman Sir Torben Aaskov, Chapman U grad, knighted by Queen Margrethe II
AUTOS: Opens first center outside Midwest
Irvine’s base of electric vehicle makers got another energy boost last week, as Ohio’s Lordstown Motors Corp. established a new service center in the Spectrum area of the city, in preparation for the launch of its first vehicle later this year.
FINANCE: Indy base; Blackstone bought in 2008
Apria Inc., one of the country’s largest home healthcare companies, is poised to go public again, 13 years after it was taken private by a unit of Blackstone Group LP
Keller/Anderle LLP trial lawyer Jennifer Keller ranked No. 1 attorney by SoCal Super Lawyers; Evan Moore, former NFL tight end, scores apartment complex via Stratford Capital investment firm; Jeff Moorad's Newport Beach MSP Sports Capital bought soccer clubs in Spain and Portugal since 2019
REAL ESTATE: Charlotte push; office buy near Nashville
Olen Properties Corp.'s late-year acquisition spree in the Southeast pushed the value of the Newport Beach-based real estate investor’s growing apartment portfolio past $2B
REAL ESTATE: Serves top 20 builders in US
Irvine’s Interior Logic Group Holdings Inc. plans to build a much bigger national footprint
What’s ahead for Foothill Ranch’s loanDepot; Tesla's $800B plans to expand in Irvine; Irvine’s Rivian is nearing another funding round, valuing the company close to $25B
AUTOMOTIVE: Would be first spot in city
City planning and permitting documents indicate a Tesla sales facility is in the works for a 58,000-square-foot building fronting Jamboree Road in Irvine
Scenes from a Riot
Rep. Lou Correa shares firsthand account of Capitol takeover; New ghost kitchen restaurants sets up in Anaheim; Irvine’s Fitness International LLC remains country’s largest health club
Battle of the Bands
A love for music runs deep among our collection of Business People of the Year winners, profiled in this edition.
Chapman President Emeritus and economist Jim Doti predicts 5.7% GDP growth for 2021; luxe home brokers predict continued strong area sales in 2021
Ingram’s Future, and Past
Ingram Micro is set in Irvine after Platinum Equity's 7.2%B acquisition; ImmunogenX CEO and co-founder Jack Syage tracks COVID, supports shelter-in-place order
Funds from author Dean Koontz' $9M donation to Hoag Hospital has gone to new MRI-guided radiation therapy system
HEALTHCARE: Plans Include Women’s Hospital
Adding 240 beds, 432K SF
REAL ESTATE: 800+ units in the works
The final significant phase of development at Irvine’s Central Park West community has begun, and a pair of additional large residential sites planned in the vicinity of John Wayne Airport are up for sale, which in total could add more than 800 new apartments and homes to the airport area.
REAL ESTATE: Deal would bring in $50M+ for REIT
The owners of the Westminster Mall say they’ve found an apartment developer to build a substantial mixed-use project on a portion of Orange County’s 13th-largest shopping center by taxable sales.
Buyers, Brokers on What the Super Wealthy Want
The location, location, location of Bill Gross
ECONOMY: 20th edition counts 47; 31 billionaires
Locals, weekenders — $111B
Local PPP Recipients Get $50M+, Docs Show
Orange County’s cluster of architecture, design, and tenant-improvement focused construction firms are among the largest local beneficiaries of the Paycheck Protection Program, according to newly released federal documents.
SPORTS: Gets $500M for Chiefs star Mahomes
The money’s been shown.
FINANCE: Has bought 50 firms since 2012
Environmental consulting firm Montrose Environmental Group Inc. is looking to join the ranks of Orange County’s publicly traded companies.
E-COMMERCE: Project at former Mitsubishi HQ
Amazon.com Inc. is looking into building a last-mile logistics facility at the former campus of Mitsubishi Motors North America Inc. in Cypress.
REAL ESTATE: Will be top OC sale of year
PRP Real Estate Investment Management, a Washington, D.C.-based real estate investor backed in part by overseas funding partners, plans to buy the two largest buildings at Irvine’s FivePoint Gateway office campus.