Day: June 9, 2025

Sunstone Hotel Investors Inc. has sold the Hilton New Orleans St. Charles hotel for $47 million, or approximately $187,000 per key.    The Aliso Viejo-based REIT said it expects the 252-room Hilton to “require a cyclical renovation to maintain its competitive position and sustain its current level of earnings.”   Read More

Archer Aviation Inc., the official air taxi provider for the 2028 Summer Olympics, has expanded its California footprint to Orange County, which will serve as a “critical visitor hub” as the firm transports passengers to LA28 venues across the region. San Jose-based Archer expanded into a 57,000-square-foot site in Huntington Read More

Last year, Alliant Insurance Services Inc. was eyeing $5 billion in sales. The Irvine-based company surpassed this goal with revenue growing nearly 30% to $5.1 billion for 2024. “We’ve had very high caliber industry talent leave brokers from all over the United States join us,” Chief Operating Officer Peter Carpenter Read More

Katie Szyman says her move to lead Masimo Corp. in February was as much of a surprise to her as it was to everyone else. Six months prior, she became worldwide president of BD Advanced Patient Monitoring, the former Critical Care unit of Edwards Lifesciences Corp. that was acquired by Read More

One of Orange County’s most iconic houses has hit the market, and the large estate on 137 acres in Coto de Caza would likely set a record for a residential sale if it sells for anywhere near the $125 million asking price. The Lyon Estate, where U.S. Air Force Reserve Read More

One of the perks of being a Business Journal award winner this year is an exquisite dinner hosted by Ocean 48, which Jeff and Mike Mastro, co-founders of the Mastro’s restaurant chain, opened last year in Newport Beach. A couple of months ago, the Fashion Island restaurant celebrated the Business Read More

A subsidiary of London oil giant BP is looking to transform a 35-year-old dormant landfill near the Irvine-Newport Beach border into a renewable natural gas facility. Houston-based Archaea Energy has submitted plans to Newport Beach to build the energy plant at 20662 Newport Coast Drive, the site of the former Read More