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Business Spotlight The LAB Anti-Mall The LAB stands for “Little American Business,” and that is exactly who we are and what we promote. The LAB
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BUSINESS NEWS
T2 Hospitality Acquires Washington Marriott at Metro Center
News Summary T2 Hospitality has successfully acquired the Washington Marriott at Metro Center for $128 million. The transaction encompasses 459 rooms and was financed with a loan of $113.8 million....
Mixed Employment Trends in Orange County Telecommunications
News Summary Orange County’s telecommunications sector experienced a 5.7% decline in jobs as major providers like Verizon and AT&T reduced their workforce. However, smaller firms like Cityside Fiber and Boldyn...
Woody’s Wharf Celebrates 60 Years in Newport Beach
News Summary Woody’s Wharf, a beloved restaurant in Newport Beach, is set to celebrate its 60th anniversary soon. Originally opened to serve local fishermen, the establishment is now adapting to...
Von Karman Corporate Center Set for Demolition for New Condominiums
News Summary The Von Karman Corporate Center in Irvine is slated for demolition to pave the way for a residential development featuring 426 condominiums. The Irvine Planning Commission will review...
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...
Costa Mesa City Council Moves Forward with OCPA Enrollment
News Summary The Costa Mesa City Council has approved drafting an ordinance to enroll in the Orange County Power Authority’s community choice aggregation program. This decision allows OCPA to purchase...
Trader Joe’s to Open Second Location in Costa Mesa
News Summary Trader Joe’s has announced plans to open its second location in Costa Mesa at the site of the former 99 Cents Only Store on Harbor Blvd. Although the...
MetLife Investment Management Acquires Koll Center Newport
News Summary MetLife Investment Management has acquired the two-building Koll Center Newport for $70 million at a public auction, adding a significant asset to their portfolio. The property, spanning 376,781...
Health Inspections Result in Temporary Closures in Orange County
News Summary Several food vendors in Orange County were temporarily closed due to health and safety violations during inspections between September 4 and September 11. Establishments such as Hanoi Old...