Yet another Newport Beach building could be demolished for an apartment building. The city is considering turning a two-story Chase Bank at 1470 Jamboree Road into an eight-floor mixed-use project with 120 apartments and 11,600 square feet of ground-floor commercial space, according to public documents. The property, located across the Read More
Former Newport Beach Mayor Noah Blom hasn’t given up the restaurateur itch, with a long-awaited spot now moving ahead in his hometown, along Coast Highway. Plans for ARC Carne & Cantina this month were filed with the city. The new concept, located at 2902 W. Coast Highway, “brings together classic Read More
Two projects slated to bring more housing in Brea, including a development at the former Mercury Insurance property, will soon be considered by the city’s council members. Members of the Brea Planning Commission were in favor of a proposal calling for the demolition of the former Mercury Insurance office building Read More
After Charlie Zhang accepted his Business Journal award for Excellence in Entrepreneurship on March 20, he told the crowd, “God bless America.” It was a statement that combines two factors that Zhang believes helped him achieve success: the United States and God. Zhang grew up in Shanghai, where his family Read More
Luxury jeweler Lugano has become the star unit since it was acquired in 2021 by parent company Compass Diversified. The high-end Newport Beach retailer reported 2024 sales jumped 53% to $471 million; its sales have more than doubled in the past two years. Its operating income last year climbed 83% Read More
Julian Hamood, founder of Microsoft partner Trusted Tech Team, plans further expansion in Europe this year and then in Asia as his company aims for $500 million in revenue in 2026. The secret to his success: get to work at 5:45 a.m., know every phase of his business and keep Read More
New York Life Insurance Co. has acquired a 218,648-square-foot distribution facility in Brea for $92 million, according to Newmark Group Inc. and CoStar data. The seller was Boston-based AEW Capital Management. The sale closed on Jan. 25 with the property changing hands for at $421.22 per square foot, according to Read More
Higher learning and entrepreneurship were Anthony Lee’s destiny. The intersection of education and creating new business opportunities was something Lee witnessed firsthand through his father. “My father had a huge influence on me,” Lee told a crowd of nearly 400 people when he received the Business Journal’s Excellence in Entrepreneurship Read More
Two Irvine-based companies are teaming up to make exterior and interior upgrades at an assisted living property in San Clemente. MBK Senior Living and IRA Capital, both headquartered in Irvine, announced they will be making building upgrades at San Clemente Villas by the Sea. The 137-unit property is an assisted Read More
Todd Watts said PatientFi LLC has had its fair share of challenges. It faced close calls in the pandemic when doctors’ offices shut down and bank lending paused, affecting the amount of demand for its payment platform to pay for elective procedures. “We mapped out on a whiteboard, ‘Okay, these Read More
