A 19-floor office building adjacent to The Outlets at Orange sold for a deep discount, trading for a paltry $51.51 per square feet. Newport Beach-based Surlamer Investments, owned by Fariborz Maseeh, bought City Plaza for $18.5 million, according to Orange County records. The sale price, on a per square foot Read More
Has Orange County turned on Elon Musk? Recent data from the OC Automobile Dealers Association (OCADA) suggest the recent behavior by the Tesla (Nasdaq: TSLA) owner and CEO is having a negative effect on sales in a region that’s long been one of the EV maker’s best domestic markets. May Read More
Mach Industries, a two-year-old defense startup founded by a then 19-year-old college dropout, has added $100 million to its funding in the race to upgrade airborne warfighting. Mach will use the Series B financing to expand its unmanned military aircraft production and build advanced jet propulsion systems. Mach, which began Read More
IRVINE — CTC Global in Irvine and tech giant Google are teaming up to improve the U.S. electric grid as data centers increase the power demand. The two companies said June 17 that CTC’s high-capacity, U.S.-manufactured, composite-core conductors can “boost grid capacity and reliability” at high speed. Google said the Read More
BKM Capital Partners, a local real estate fund manager and operator, entered a $1.5 billion joint venture partnership with Los Angeles-based Kayne Anderson Real Estate last month. The joint venture will specialize in light industrial real estate, specifically targeting small- and mid-bay properties. Both companies, in a statement, said light Read More
More first responders die from suicide because of post-traumatic stress disorder (PTSD) than physical injuries while on the line of duty, according to the Institutes of Health. Dr. Tomer Anbar, founder and chief executive of the San Diego-based clinical group, described this trend as a “silent epidemic.” “Most individuals with Read More
Stratus Financial LLC this year added a $30 million credit line to fund the growth of its loan origination platform, which provides financing for student pilots seeking commercial flight training. “With this enhanced liquidity, we are well-positioned to expand our offerings and continue providing exceptional service to both students and Read More
In his first 100 days as president of the Disneyland Resort in Anaheim, Thomas Mazloum spent time with employees and guests – coming to appreciate the “remarkable privilege” of leading a “theme park that literally changed the world.” “As we celebrate 70 incredible years in Southern California, we are proud Read More
Orange County’s legal landscape is defined by excellence, innovation, and dedication. This year’s Top Litigators & Corporate Lawyers feature highlights the exceptional attorneys and firms setting new standards across complex litigation, corporate transactions, intellectual property, family law, and more. These distinguished professionals are trusted advisors to Fortune 500 companies, fast-growing Read More
The Orange County Business Journal’s Labor Law Roundtable convenes two of the region’s leading employment law authorities—Karla Kraft of Stradling Yocca Carlson & Rauth LLP and Jeffrey Thurrell of Fisher & Phillips LLP—to tackle the most pressing issues facing employers today. In this in-depth Q&A, they explore emerging developments in Read More
