Anduril Industries has been awarded a $99.6 million U.S. Army contract for a next-generation command and control system to help guide soldiers on the battlefield. Costa Mesa-based Anduril will integrate capabilities from other technology-first companies such as Palantir, Striveworks, Govini, Instant Connect Enterprise, Research Innovations, Inc., and Microsoft, according to Read More
When the Irvine Spectrum Center opened 30 years ago, it wanted to be known as Orange County’s downtown in the heart of Irvine with restaurants and entertainment venues as anchors, not big-box stores. The mall debuted in 1995 as “The Entertainment Center at Irvine Spectrum” being home to one of Read More
Coventry Court, a 240-unit mixed-income senior housing community in Tustin Ranch, has traded hands for $83 million, according to a July 16 announcement. Los Angeles-based Meta Housing Corp. sold the property, located at 16000 Cambridge St., to New York-based Jonathan Rose Cos. LLC, a national real estate firm focused on Read More
IDI Logistics, an Atlanta-based developer of distribution, manufacturing and warehouse facilities, sold a 290,920-square-foot industrial building it owned in Buena Park to Stockbridge Capital Group LLC for $99.5 million, the biggest industrial deal of the second quarter. The property sold for $342 per square foot, according to a grant deed Read More
An economic development group in Ohio has provided Anduril Industries with a $310 million grant for its giant military weapons factory near Columbus, Ohio, adding to the $452 million promised tax breaks being provided by the Buckeye State. JobsOhio said July 9 that it is giving a 30-year grant to Read More
Expect to see less of Starbucks CEO Brian Niccol, arguably the country’s best-known remote worker, in the coming months. As part of a corporate turnaround plan, dubbed Back to Starbucks, the CEO of the Seattle-based coffee chain (Nasdaq: SBUX) last week unveiled a new workplace policy that requires corporate employees Read More
The Fountain Valley Planning Commission unanimously recommended plans for a proposed 18-acre housing development near Mile Square Regional Park. Euclid + Heil, proposed by Irvine-based Shopoff Realty Investments, would bring 304 market-rate apartments and 83 senior affordable units in a five-level building, plus 36 two-level for-sale triplexes and 183 three-level Read More
Shares of Tilly’s Inc. sunk to 57 cents each in May, the lowest price ever in the company’s 13 years on Wall Street. The retailer with about 232 stores that caters to teenagers appeared to be in a death spiral as shares had fallen more than 95% in the past Read More
A major manufacturer of herbal extracts is the new owner of a 130,925-square-foot warehouse in Brea. China-based Jiaherb Inc. paid $54 million, or $410 per square foot, for a recently built warehouse at 2929 E. Imperial Highway in Brea — about a mile from Beckman Coulter Diagnostics’ local headquarters. The Read More
Shares of RxSight Inc. tumbled 38% in the trading session after the cataract lens maker reported disappointing preliminary second quarter results July 8. The Aliso Viejo-based company reported expected second quarter revenue of about $33.6 million, missing analysts’ expectations of $39.8 million. It also decreased 2025 revenue guidance to $120 Read More
