Palmer Luckey’s ambitious dream of helping America become the world’s biggest gun store via his company, Anduril Industries, is coming to fruition. And he’s got the money to prove it. The 32-year-old billionaire told “60 Minutes” in a show that aired May 18 that his Costa Mesa-based autonomous weapons startup Read More
The Irvine Company is proposing more housing in the city. This month, the Irvine City Planning Commission approved a zoning change requested by the Newport Beach developer that would allow for as many as 2,500 new housing units to be built near the University of California, Irvine. Irvine previously zoned Read More
So much for Jack Hartung’s quiet retirement. Again. Last July, Chipotle Mexican Grill (NYSE: CMG) announced that Hartung, then CFO of the Newport Beach fast casual chain, had decided to retire after 25 years at the company, effective early 2025. That plan didn’t last long, as Chipotle’s then-CEO, Brian Niccol, Read More
TOCA Football Inc. has raised $35 million in new funding. The proceeds will be used to further expand TOCA’s Topgolf-inspired concept TOCA Social globally, as well as grow its soccer training technologies. A large part of the funding is $20 million in debt financing from J.P. Morgan Commercial Banking. “They Read More
Elevate Aircraft Seating, a designer and manufacturer of seats for airlines, has leased more than 280,000 square feet of warehouse space at McDonnell Center Business Park in Huntington Beach. The Washington state-based company formerly known as Adient Aerospace will move into the 280,460-square-foot space at 5701 Skylab Road, where it Read More
Virgin Galactic Holdings Inc., the space tourism company founded by billionaire entrepreneur Richard Branson, said it remains on track to resume space tourism flights in fall 2026 and is exploring the building of a spaceport in southern Italy to support growing demand. During a May 15 earnings call, CEO Michael Read More
Tustin-based C&C Development’s latest affordable housing project, The Meadows Senior Apartments, caters to seniors in Lake Forest. The new residential development, which was fully occupied when it opened earlier this year, is a 65-unit affordable housing project for tenants aged 62 and older. C&C Development’s affordable housing projects typically focus Read More
Staar Surgical Co. reported first quarter revenue of $42.6 million, down 45%, as the local maker of implantable lenses faced weak demand in China. Sales in China, by far its largest market, were $389,000 compared to $38.5 million in the same quarter a year ago. The company attributed the drop Read More
Shares of Boot Barn Holdings Inc. went on a wild ride on Wall Street this month where they started around $104 a share. By press time, shares had climbed to $160.94 and a $4.9 billion market cap, making it a 55% rise in less than three weeks. The Irvine-based Western Read More
Girl World Girls Inc. of Orange County held its annual gala, Celebrating the Girls Inc. Experience, on April 26 at Fête the Venue in Costa Mesa. The celebration brought together community leaders, partners and supporters to raise more than $400,000 in support of Girls Inc.’s research-based programs in STEM, financial Read More
