San Clemente-based CareTrust REIT Inc. announced today it acquired a portfolio of skilled nursing facilities in the Pacific Northwest for about $146 million, including transaction costs. The portfolio, which was purchased as part of a joint venture, consists of 911 licensed beds across 10 facilities in Idaho, Oregon and Washington. Read More
This historic community wants to grow beyond being known for its famed “Jewel of the Missions” and the swallows that return from Argentina every March. To achieve that goal, San Juan Capistrano is planning a string of new developments that range from a new business park, a performing arts center Read More
Dave Coyle, chief executive of Santa Ana-based Coyle Construction Inc., is no stranger to building structures from the ground up. But now the veteran general contractor is looking to build more than structures. Through a new workforce training program launched by the Orange County Rescue Mission (OCRM), Coyle is helping Read More
IIrvine’s City Council members will soon have another housing project to consider—specifically a proposal for 1,858 apartment units near the corner of Laguna Canyon Road and Discovery, a few miles north of the Irvine Spectrum District and near Great Park. The apartment project, proposed to be built by the Irvine Read More
Real estate exec Mark Hilbert is best known locally for his prolific collection of Golden State art, large selections of which can be seen at Chapman University’s newly expanded Hilbert Museum of California Art, and which have graced our annual OC500 publication for years. Hilbert’s also an art model. Bradford Read More
California Pizza Kitchen, often known as CPK, has struggled in recent years, which has led to bankruptcy, new ownership and leadership changes. The casual dining chain, whose claim to fame is inventing The Original BBQ Chicken Pizza, turns 40 – and it’s planning some big changes that include ramping up Read More
Compass Diversified last week announced it has “restricted” investment in its troubled Lugano unit to focus on the eight other companies in its portfolio. Compass also announced it’s suspending its dividend “to preserve cash and protect long-term value,” and it also entered into a forbearance agreement with its lender group Read More
A trio of office buildings near Angel Stadium that are being presented as an opportunity to convert into a residential redevelopment is in escrow, a broker with CBRE confirmed with the Business Journal. Axis Anaheim, the three-building campus located at 2121, 2150 and 2170 Towne Centre Place, has been on Read More
MeridianLink Inc., which provides software platforms for customers including credit unions, community banks and consumer reporting agencies, will be getting a new chief executive this fall. President Larry Katz will assume the additional role of chief executive following what the company called the “planned departure” of CEO Nicolaas Vlok, effective Read More
Luxury-style apartments are coming to the city courtesy of a Dallas-based developer. JPI Cos., in partnership with Chicago-based Heitman, revealed its plans for Fountain Valley Apartments, the first new institutional-sized multifamily project within the city in 20 years. JPI, the developer of multifamily projects in Texas and Southern California, plans Read More
