News Summary
Charles Schwab is opening a new branch in Dana Point’s Monarch Beach neighborhood as part of a national expansion plan, which includes 16 new branches. This move will create over 400 new jobs and reflect the firm’s commitment to serving clients in Southern California, where it already has several locations. Additionally, Newport Beach-based Saunders Property Co. has acquired a mobile home park in Riverside, highlighting the real estate investment interest in the area. Meanwhile, John Wayne Airport has been recognized for its excellence among large airports.
Dana Point, California – Charles Schwab is expanding its footprint in Southern California with the opening of a new branch in the Monarch Beach neighborhood of Dana Point. The branch, located at 2 Ritz Carlton Dr. Suite 203, is set to open next week as part of a comprehensive national expansion plan which includes 16 new branches in high-demand markets.
In addition to the new Dana Point location, Charles Schwab will debut another new branch in Manhattan Beach. The expansion effort is supported by the planned relocation or expansion of 25 existing locations and aims to add over 400 new jobs at branches to keep pace with record client growth. Current Charles Schwab locations in Orange County include Brea, Irvine, Mission Viejo, Newport Beach, and Seal Beach, reflecting the firm’s commitment to serve its clients in this region effectively.
New Acquisition in Riverside
In a separate development, Newport Beach-based Saunders Property Co. has acquired Mission Village, a mobile home park situated in Riverside, for $37.5 million. The park includes 217 units and is designated for residents aged 55 and older, located at 3700 Buchanan St. The acquisition price averages $172,811 per unit. Built in 1971, Mission Village occupies nearly 28 acres and was fully occupied at the time of the acquisition.
To facilitate the purchase of Mission Village, Saunders Property Co. secured a $30 million loan from Loancore Capital Credit REIT Inc., further demonstrating the growing interest in mobile home parks as viable real estate investments.
John Wayne Airport Recognized for Excellence
John Wayne Airport continues to earn accolades, securing the No. 1 ranking among the nation’s “large” airports in the latest J.D. Power ranking. This recognition marks the airport’s second consecutive year at the top, outperforming notable competitors such as Tampa International Airport and Dallas Love Field for the year 2025.
To enhance passenger experience, John Wayne Airport is investing significantly in infrastructure, committing $120 million to a new baggage handling facility and an additional $100 million to a runway safety project. Alongside these upgrades, the airport is planning to refresh its concessions, including introducing new outlets such as McDonald’s, Starbucks, and Wahoo’s, slated to open by 2026.
Conclusion
These recent developments highlight ongoing economic activity and growth in Southern California, underscoring the region’s attractiveness both as a hub for financial services and as a sought-after location for residential living and travel. Charles Schwab is poised to meet client demand with its new branches, while Saunders Property Co. taps into the mobile home market. Concurrently, John Wayne Airport continues to enhance its services and infrastructure, establishing a standard for excellence in air travel.
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Additional Resources
- Orange County Business Journal
- Boston Globe
- The Log
- Google Search: John Wayne Airport ranking
- Associated Press
- Encyclopedia Britannica: Charles Schwab
Author: STAFF HERE COSTA MESA WRITER
COSTA MESA STAFF WRITER The COSTA MESA STAFF WRITER represents the experienced team at HERECostaMesa.com, your go-to source for actionable local news and information in Costa Mesa, Orange County, and beyond. Specializing in "news you can use," we cover essential topics like product reviews for personal and business needs, local business directories, politics, real estate trends, neighborhood insights, and state news affecting the area—with deep expertise drawn from years of dedicated reporting and strong community input, including local press releases and business updates. We deliver top reporting on high-value events such as the OC Fair, Concerts in the Park, and Fish Fry. Our coverage extends to key organizations like the Costa Mesa Chamber of Commerce and Boys & Girls Clubs of Central Orange Coast, plus leading businesses in retail, fashion, and technology that power the local economy such as Vans, Experian, and South Coast Plaza. As part of the broader HERE network, including HEREAnaheim.com, HEREBeverlyHills.com, HERECoronado.com, HEREHollywood.com, HEREHuntingtonBeach.com, HERELongBeach.com, HERELosAngeles.com, HEREMissionViejo.com, HERESanDiego.com, and HERESantaAna.com, we provide comprehensive, credible insights into California's dynamic landscape.
