Newport Beach-based CapRock Partners announced today it bought Kennedy Greens Distribution Center, a 524,199-square-foot industrial facility in Houston. Terms of the deal were not disclosed. CoStar data shows the most recent owner was Illinois-based Janko Group. The purchase marked CapRock’s entry into the Houston market. Kennedy Greens Distribution Center, located Read More
Coventry Court, a 240-unit mixed-income senior housing complex in Tustin, was sold for $83 million, it was announced today. Los Angeles-based Meta Housing Corp. sold the senior housing development, which is located at 16000 Cambridge St. in Tustin, to New York-based Jonathan Rose Cos. Coventry Court opened in 2013 and Read More
Irvine-based Shopoff Realty Investments announced today it secured $52 million in financing from Peachtree Group to develop The Block at Elliot in Mesa, Arizona. The financing would help Shopoff Realty fund the next stage of development at The Block, which includes 270 acres of undeveloped land. That next stage of Read More
Mullen Automotive Inc. is merging with its subsidiary business Bollinger Motors and will change its name to Bollinger Innovations by Aug. 15. The EV maker, currently based in Brea, will move the consolidated operations to Oak Park, Michigan and said this will eliminate “redundancy while continuing focus on Class Read More
Japanese ramen chain Yoshiharu Global Co. announced plans Tuesday to rebrand under the name Vestand Inc. and move its headquarters from Buena Park to Brea as the chain expands its food operations to include restaurant real estate development and digital asset ventures. The 15-unit restaurant chain said it has initiated Read More
Matt Renault and Spencer Moran thought they found their lane in office coworking spaces. Then, COVID-19 and a difficult office market forced their hands. Renault and Moran used the pandemic as an opportunity to pivot the mission of the construction company they founded in 2017. Irvine-based RAM Construction LLC, ranked Read More
Palmer Luckey, the leading entrepreneur in Orange County, already has Oculus VR and rapidly expanding Anduril Industries under his belt as startup unicorns. Now he’s working with fellow President Donald Trump-supporting billionaires such as Peter Thiel and Joe Lonsdale to start a bank to aid fledgling tech companies and other Read More
Xponential Fitness Inc. aims to get back in shape on Wall Street. An 18-month investigation by the Securities and Exchange Commission ended July 1 with no action taken, according to a July 2 filing. Shares jumped 35% to $10.10 in the trading session after the regulatory news was revealed. At Read More
When staffing challenges arose across Galardi Group’s Wienerschnitzel restaurants, Chief Operating Officer Rusty Bills said he sought out tools to maintain efficiency despite the tightened labor conditions. Pre-pandemic, 15 to 20 people would be scheduled to operate a restaurant per shift. But, as dining room restrictions ceased, Wienerschnitzel could muster Read More
Irvine officials say they have grand plans for turning the Great Park into something beyond a large regional sports park, with new museums, lake system, amphitheater, food and dining options, and more on the docket over the coming years. “This is the most ambitious park development project in the United Read More
