Costa Mesa, Business News
BUSINESS NEWS
Broadcom Partners with OpenAI for Custom Semiconductors
News Summary Broadcom Inc. has secured a multi-billion dollar deal to design custom semiconductors specifically for OpenAI, the organization behind ChatGPT. This partnership, revealed recently, aims to develop AI accelerators...
MBA Enrollment Trends Shift in Orange County
News Summary Orange County’s MBA programs are adapting to increasing student demand for flexibility. Enrollment trends show a rise in online and full-time options, while part-time enrollments decline. Schools like...
LA Fitness to Open New Club Studio in Orchard Hills
News Summary Fitness International LLC, the parent company of LA Fitness, is expanding its Club Studio concept with a new location in Orchard Hills Shopping Center. This new facility will...
Executives Transition to Academia, Enhancing Business Education
News Summary A group of experienced executives has shifted from corporate roles to teaching at Chapman University and UC Irvine, aiming to enrich the educational experience for future business leaders....
Southern California Restaurants Facing Closures
News Summary Southern California is experiencing a wave of fast-casual restaurant closures, including Cinnabon at Westminster Mall and Dave’s Hot Chicken in Costa Mesa. In response to retail challenges, Westminster...
Santa Ana Approves Major Development Project
News Summary The Santa Ana City Council has approved The Village Santa Ana Specific Plan, set to transform a 17.2-acre site into a vibrant urban hub. Featuring up to 1,583...
Local Graduates Launch Healthy Energy Gum
News Summary Sean Turk and Patrick Keegan, recent Mater Dei High School graduates, have introduced Instant Energy Gum, a healthier energy supplement. Each piece contains 100mg of caffeine from green...
Hoag Hospital Breaks Ground on CareMar Recovery Center
News Summary Hoag Hospital in Newport Beach has initiated the construction of the CareMar Recovery Center, aimed at enhancing addiction treatment in Orange County. The center will feature comprehensive services,...
Orange County Food Vendors Temporarily Shut Down
News Summary Several food establishments across Orange County were ordered to close temporarily due to health code violations, including pest infestations and sanitation issues. Notable closures include Bodhi Leaf Coffee...
Finance
Ethan Penner Announces Independent Candidacy for Governor of California
News Summary Ethan Penner, a prominent financier, has announced his candidacy for Governor of California as an independent at the Future Proof Festival. His campaign focuses on restoring the ‘California...
Jones Day Appoints David Lee as Partner in Irvine Office
News Summary Global law firm Jones Day has appointed David Lee as a partner in its Irvine office, enhancing its corporate practice. Lee specializes in M&A and private equity, bringing...
Buie Stoddard Group Secures $54 Million Credit Facility
News Summary Buie Stoddard Group has secured a $54 million credit facility for refinancing five retail centers in Southern California, aiming to enhance operational stability. The financing, arranged by MetroGroup...
Southern California Rent Prices Stabilize Amid Rising Demand
News Summary Southern California’s rent prices are stabilizing in the face of increasing demand and post-wildfire housing shortages. An analysis of 50 cities shows a modest 0.4% median rent increase...
Remarkable Market Capitalization Gains in Orange County
News Summary Several companies in Orange County have demonstrated impressive growth in market capitalization over the past year, notably TTM Technologies, Viant Technology, and Willdan Group. Despite the overall decline...
Ducere Wealth Welcomes Senior Wealth Advisor
News Summary Ducere Wealth, a newly launched wealth management firm in Newport Beach, California, has appointed Jack Stemper as Senior Wealth Advisor. Stemper, who brings over 30 years of financial...
Tarsadia Capital Urges Sunstone Hotel to Liquidate Assets
News Summary Tarsadia Capital LLC is pushing Sunstone Hotel Investors Inc. to explore asset liquidation or seek a buyer due to the firm’s deteriorating performance. Holding a 3.4% stake, Tarsadia...
Ducere Wealth Launches to Offer Unbiased Investment Advice
News Summary Ducere Wealth, a new fee-only registered investment advisory firm, has opened in Newport Beach with a goal of providing unbiased investment advice. Founded by Rick and Zane Keller,...
MetLife Investment Management Acquires Koll Center Newport
News Summary MetLife Investment Management has purchased the Koll Center Newport office campus in Newport Beach for $70 million. The acquisition comes after a major loan default linked to the...
CONSTRUCTION
Santa Ana Approves Major Development Project
News Summary The Santa Ana City Council has approved The Village Santa Ana Specific Plan, set to transform a 17.2-acre site into a vibrant urban hub. Featuring up to 1,583...
Hoag Hospital Breaks Ground on CareMar Recovery Center
News Summary Hoag Hospital in Newport Beach has initiated the construction of the CareMar Recovery Center, aimed at enhancing addiction treatment in Orange County. The center will feature comprehensive services,...
Irvine Co. Expands Housing Development in California Amid National Decline
News Summary Irvine Co. is advancing its housing initiatives in California, focusing on apartments despite a national decline in construction. With 3,000 units under construction and plans for 9,000 more,...
Hoag Hospital Begins Construction on Addiction Recovery Center
News Summary Hoag Hospital has commenced construction on the CareMar Recovery Center in Newport Beach, a facility dedicated to tackling the addiction crisis. Funded by a $25 million donation, the...
Newport Beach Breaks Ground on CareMar Recovery Center
News Summary Hoag has launched the construction of the $25 million CareMar Recovery Center in Newport Beach, aimed at addressing addiction and mental health challenges. Funded by local philanthropists, this...
John Wayne Airport Tops Passenger Satisfaction Rankings Again
News Summary John Wayne Airport (JWA) has been recognized as the leading large airport in North America for overall passenger satisfaction for the second consecutive year. The J.D. Power 2025...
San Ramon Unveils New Townhome Development
News Summary IHP Capital Partners and The Grupe Co. have officially announced the Aria townhome development in San Ramon, California. The project will include 57 for-sale townhomes, with construction set...
Santa Ana City Council Approves The Village Redevelopment Project
News Summary The Santa Ana City Council has approved a major redevelopment project for South Coast Plaza’s The Village, which aims to create a mixed-use urban community. With plans for...
John Wayne Airport Expansion Underway
News Summary Major improvements at John Wayne Airport include a $700 million modernization plan aimed at enhancing infrastructure and passenger experience. Led by Director Charlene Reynolds, recent developments feature the...
Marketing
Costa Mesa Welcomes Serendipity Labs
News Summary Serendipity Labs, a provider of flexible office spaces, is opening its first Orange County location in Costa Mesa at the former WeWork site. With 39,000 square feet planned,...
Costa Mesa Business Owners Celebrate Major Sales Milestone
News Summary Cindie and Andre Nel of Minuteman Press in Costa Mesa have joined the President’s Club for exceeding $1 million in sales, marking a significant milestone as they commemorate...
Real Estate
Santa Ana Approves Major Development Project
News Summary The Santa Ana City Council has approved The Village Santa Ana Specific Plan, set to transform a 17.2-acre site into a vibrant urban hub. Featuring up to 1,583...
Plans for Hive Live Development in Costa Mesa Abandoned
News Summary The proposed Hive Live mixed-use development in Costa Mesa has been officially abandoned after the sale of a 14.59-acre parcel to Drawbridge Realty. The site, which was intended...
Irvine Co. Expands Housing Development in California Amid National Decline
News Summary Irvine Co. is advancing its housing initiatives in California, focusing on apartments despite a national decline in construction. With 3,000 units under construction and plans for 9,000 more,...
Finish Line Auto Club Expands Luxury Garage Options in Costa Mesa
News Summary The Finish Line Auto Club in Costa Mesa has completed renovations, adding nine new garage spaces and enhancing amenities such as a rooftop bar. These garage condominiums allow...
Anduril Industries Expands Presence in Orange County
News Summary Anduril Industries has signed a significant lease for ‘The Hive’ creative office campus in Orange County, making it the largest office tenant in the region. The defense technology...
Laguna Niguel Achieves Record Mansion Sale
News Summary Laguna Niguel has made headlines with the sale of a mansion at 7 Searidge for $16.3 million, marking a record for the area. This sale highlights Laguna Niguel’s...
Buie Stoddard Group Secures $54 Million Credit Facility
News Summary Buie Stoddard Group has secured a $54 million credit facility for refinancing five retail centers in Southern California, aiming to enhance operational stability. The financing, arranged by MetroGroup...
Irvine’s Great Park Development: A $1.2 Billion Transformation
News Summary Irvine is set to complete the largest municipal park in the U.S., the Great Park, covering 1,347 acres. The $1.2 billion project aims to boost local tourism and...
Southern California Rent Prices Stabilize Amid Rising Demand
News Summary Southern California’s rent prices are stabilizing in the face of increasing demand and post-wildfire housing shortages. An analysis of 50 cities shows a modest 0.4% median rent increase...