Rivian Automotive Inc. will add an east coast headquarters office in Atlanta to go with the manufacturing facility currently under construction. The office is scheduled to open in late 2025 to be followed by further expansion in 2026 as the Atlanta site is built out. “Rivian will occupy Read More
The Bascom Group, an Irvine-based real estate investment company, sold a 114-unit senior living apartment complex in Huntington Beach for $35 million, pr $307,018 per unit, according to CoStar data. The buyer was not disclosed. Huntington Breeze at 16171 Springdale St. had been under The Bascom Group’s ownership ins 2014, Read More
The unemployment rate in Orange County was 4.5% in June, up from a revised 3.6% in May and above the year-ago estimate of 4.1%, the California Employment Development Department said. That compares with an unadjusted unemployment rate of 5.7% for California and 4.4% for the nation during the same period. Read More
Orange Bakery, a producer and distributor of frozen pasties, danishes, croissants and specialty breads, is the new owner of a 54,088-square-foot distribution building at 17751 Cowan in Irvine. The Irvine-based pastries producer bought 17731 Cowan for $30.7 million, or $566.67 per square foot. Xebec, a Dallas-based real estate investment company, Read More
GARDEN GROVE, Calif. /California Newswire/ — Informative Research Data Solutions, a division of Informative Research and a leading provider of data-powered borrower intelligence and analytics tools for the financial services industry, announced today that its executive vice president, Shannon Santos, has been named a 2025 Mortgage Professional America (MPA) Elite Read More
Newport Beach-based CapRock Partners announced today it bought Kennedy Greens Distribution Center, a 524,199-square-foot industrial facility in Houston. Terms of the deal were not disclosed. CoStar data shows the most recent owner was Illinois-based Janko Group. The purchase marked CapRock’s entry into the Houston market. Kennedy Greens Distribution Center, located Read More
Coventry Court, a 240-unit mixed-income senior housing complex in Tustin, was sold for $83 million, it was announced today. Los Angeles-based Meta Housing Corp. sold the senior housing development, which is located at 16000 Cambridge St. in Tustin, to New York-based Jonathan Rose Cos. Coventry Court opened in 2013 and Read More
Irvine-based Shopoff Realty Investments announced today it secured $52 million in financing from Peachtree Group to develop The Block at Elliot in Mesa, Arizona. The financing would help Shopoff Realty fund the next stage of development at The Block, which includes 270 acres of undeveloped land. That next stage of Read More
Mullen Automotive Inc. is merging with its subsidiary business Bollinger Motors and will change its name to Bollinger Innovations by Aug. 15. The EV maker, currently based in Brea, will move the consolidated operations to Oak Park, Michigan and said this will eliminate “redundancy while continuing focus on Class Read More
Japanese ramen chain Yoshiharu Global Co. announced plans Tuesday to rebrand under the name Vestand Inc. and move its headquarters from Buena Park to Brea as the chain expands its food operations to include restaurant real estate development and digital asset ventures. The 15-unit restaurant chain said it has initiated Read More
