A 392-unit affordable housing complex located a few miles north of Disneyland changed hands for $108 million, according to CoStar data. Park Vista in North Anaheim was sold to Beverly Hills-based BLDG Partners by Bethesda Holdings for about $275,510 per unit. The affordable housing development at 1200 N. Robin St. Read More
The growing list of significant office-to-residential conversion projects proposed across Newport Beach has expanded to include a waterfront property in the city. The owners of Bayside Park, a two-building office complex in Corona del Mar that sits alongside the Marine Avenue bridge leading to Balboa Island, are looking to redevelop Read More
Guacamole lovers would likely think a long-running trade fight between the U.S. and Mexico could have a substantial impact on Chipotle Mexican Grill (NYSE: CMG) due to the Newport Beach restaurant chain’s reliance on avocados. About 90% of U.S. avocado imports come from Mexico. Think again. OC’s most valuable public Read More
Orthopaedic Specialty Institute (OSI) is merging with three other practice groups, housing multiple specialties under one roof. OSI was already partnered with Seaview Orthopaedics and Southern Orange County Orthopedic Group and recently added on Integrated Specialty Partners, launching a new neurosurgery division. “The way medicine has trended over the last Read More
Terran Orbital Corp., a troubled maker of small satellites recently acquired by its largest shareholder, has moved its headquarters to Irvine from Florida, installed a new leadership team and is moving full speed ahead on making more than 100 spacecraft for the U.S. military’s Space Development Agency (SDA). “We’re excited Read More
Developer Bob Olson says he’s “bullish on Orange County” as he sets his sights on two major hospitality projects in Newport Beach and Dana Point. “The hospitality industry has gone through a lot,” Olson, chief executive of Newport Beach-based R.D. Olson Development, told the Business Journal. “We’ve learned a lot Read More
Mission Ridge, a pair of four-floor office buildings in Mission Viejo, was sold for $32 million – a 42% discount from what the office campus exchanged for more than a decade ago. Los Angeles-based Barker Pacific Group and Las Vegas-based Kingsbarn Realty Capital were the buyers, according to CBRE, who Read More
Supernal, the flying taxi branch of Hyundai Motor Group, has formed an operational partnership with a Texas helicopter services company as it aims for the 2028 launch of its electric-powered vertical takeoff and landing aircraft. Supernal made the agreement with Irving-based CHC Helicopter and its Heli-One subsidiary, a provider of helicopter Read More
La Palma investor Peter Yu is the new owner of a four-property portfolio at Warner Marketplace in Fountain Valley. Yu, through his company WMYU LLC, bought the Warner Marketplace portfolio from New York-based Fortress Investment Group for $24.5 million on March 6, according to CoStar data and public documents. Huntington Read More
Genomic Testing Cooperative (GTC) is expanding into the European market by partnering with German laboratory Labor Dr. Wisplinghoff. “Our diagnostics tests going out of the U.S. to Europe is democratizing science,” Chief Executive Dr. Maher Albitar told the Business Journal. GTC was founded in 2018 by Albitar, who has extensive Read More
