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
Printed circuit board maker TTM Technologies Inc. has acquired a 750,000-square-foot facility in Eau Claire, Wisconsin, as well as land rights for an additional future manufacturing site in Penang, Malaysia. Financial details were not released by the Santa Ana-based company (Nasdaq: TTMI).TTM said in a July 9 statement that the Read More
Full Circle Robert Braithwaite, president and CEO, Hoag More than 300 guests gathered at the Balboa Bay Resort on May 29 for the 38th Annual Circle 1000 Founders Celebration Brunch. The event, hosted by returning co-chairs and philanthropists Mary Buckingham and her daughter Lacy Robertson, raised more than $1.3 million Read More
After reopening in February 2024 following a $12 million expansion, Hilbert Museum of California Art at Chapman University doubled its visitors to 60,000. Museum benefactor and local collector Mark Hilbert told the Business Journal he now has his sights set on logging 100,000 annual visitors within two years at the Read More
