Irvine-based homebuilder New Home Co. announced today it reached an agreement to buy Dallas-based Landsea Homes Corp. in an all-cash transaction. New Home Co. is acquiring Landsea Homes for $11.30 per share. The transaction represents an enterprise value for Landsea Homes of about $1.2 billion. Landsea Homes and New Home Read More
Newport Beach-based Positive Beverage LLC today announced that it has expanded to 18 Harvest Food stores. The beverage startup’s alternative energy drinks and sparkling waters will be sold in all Washington locations of the grocer, expanding its presence on the West Coast. “The heightened awareness and focus surrounding food and Read More
The Irvine Company plans to convert the privately operated Oak Creek Golf Course and two adjacent commercial parcels near the Spectrum area into a 235-acre residential neighborhood with 3,100 housing units. The new village, to be located at the northeastern end of the Irvine Spectrum District, would bring single-family houses Read More
The owner of a nine-floor office building in Santa Ana recently filed an application with City Hall to convert the high-rise into a mixed-use project with 184 residential units and ground-floor retail. It is the latest proposal in Orange County to convert an existing office building into residential property with Read More
An investigation into luxury jeweler Lugano, the purported star unit of Compass Diversified, was revealed on May 7 along with the resignation of co-founder and Chief Executive Moti Ferder. President Josh Gaynor was appointed as interim CEO and is set to work with Lugano’s Chief Financial Officer Christoph Pachler to Read More
In yet another twist surrounding the sale of the iconic Ziggurat building in Laguna Niguel, the U.S. General Services Administration abruptly canceled last week its high-profile online auction of the 92-acre site. The agency now says it will relaunch the bidding process later this month. “The U.S. General Services Administration Read More
A local exec’s yacht collection took center stage at the recently-concluded Newport Beach International Boat Show at Lido Marina Village, Business Journal’s Emily Santiago-Molina reports. James Glidewell, founder and owner of Newport Beach dental implant and products maker Glidewell had a pair of vessels on sale at this month’s multi-day Read More
A former miniature golf site in Central Orange County might soon be the home of a mixed-use development with more than 650 apartment complexes with rooftop pools and ground floor retail. Fountain Valley planning documents show Boomers, a local amusement center that shut down permanently in 2020, could be razed Read More
Some Orange County publicly traded companies warned about the negative effects of President Donald Trump’s tariffs while a long-time defense contractor shrugged them off, citing its manufacturing prowess in the U.S. That was only a sample of the news that Orange County’s publicly listed companies revealed last week as EV Read More
The Business Journal held its 18th CFO of the Year Awards last week, honoring five outstanding financial professionals from Glaukos Corp., TOCA Football, Hoag Memorial Hospital Presbyterian, QSC Audio and IHI Power Services Corp. The recipients, recognized as corporate stewards for the preceding fiscal year, were selected from a total Read More
