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
In a deal valued at $146 million, CareTrust REIT Inc. has acquired a portfolio of skilled nursing facilities in the Pacific Northwest—bringing its annual investment total to about $1.1 billion. The San Clemente-based real estate investor in healthcare centers, along with a joint venture partner, acquired the skilled nursing facilities Read More
Palmer Luckey surprised a lot of people with news that his Anduril Industries is collaborating with Meta’s Mark Zuckerberg on a battlefield defense project. But they shouldn’t have been, despite Luckey’s noisy departure from Facebook years ago and the feud that followed. “If people come to your side, you shouldn’t Read More
Reliable Crane Service LLC, a company that rents cranes in Southern California, Las Vegas and Phoenix, committed to an 86-month lease at 1210 N. Tustin Ave. in Anaheim. The Las Vegas-based company will occupy the entire 75,700-square-foot industrial building. Chris Migliori, an executive vice president at DAUM’s Newport Beach office, Read More
Mark Moshayedi’s Space Investment Partners has unloaded prime commercial real estate along Costa Mesa’s popular East 17th Street corridor. The Corona del Mar-based company sold a nearly 40,000-square-foot retail center along the 17th Street shopping corridor for $25.7 million to Asana Partners, a Charlotte, North Carolina-based real estate investment firm. Read More
Alcon Inc. has received its first Food and Drug Administration approval since its spinoff from Swiss medical giant Novartis in 2019. Last month, the FDA cleared the company’s Tryptyr ophthalmic solution. “We look forward to making this new treatment available to millions of patients affected by dry eye disease,” Alcon Read More
Another activist investor is taking a closer look at El Pollo Loco. CapitalSpring Finance Company LLC, a middle-market private equity and debt investment firm focused on franchised and multi-location businesses, disclosed in a May 29 regulatory filing that it has 5.2% stake in the company with about 1.6 million shares. Read More
Caring in Capri On May 3, MemorialCare Saddleback Medical Center Foundation hosted its annual Spring Gala at the Waldorf Astoria Monarch Beach in Dana Point, drawing guests into the coastal charm of Capri with its La Dolce Vita theme. The event raised a record-breaking $862,000 to support Saddleback Medical Center’s Read More
Orange County’s largest private companies experienced continued growth last year, primarily driven by mergers and acquisitions. The 33 companies on the Business Journal’s annual list reported a 6% increase in revenue to $110.3 billion in 2024. That compares to a 4.5% increase in 2023 and a 1.4% increase in 2022. Read More
