Costa Mesa, Business News
BUSINESS NEWS
Irvine Partners with Brookfield for New Housing Project
News Summary The City of Irvine has signed a deal with Brookfield Residential to develop Gateway Village, an 80-acre site aiming to build 1,138 new homes to help address regional...
Rebecca Hall Honored with Business Journal Women in Business Award
News Summary Orange County public relations expert Rebecca Hall received the Business Journal Women in Business Award for her significant contributions and leadership through her agency, Idea Hall. Founded in...
Skyline Apartment Complex Transitions to Luxury For-Sale Listings
News Summary The Skyline apartment complex in Santa Ana has started shifting from rental units to luxury for-sale listings, introducing one and two-bedroom layouts and exclusive penthouses priced from $600,000...
Victor Guerrero’s Commitment to Community Banking Transforms Customer Experience
News Summary Victor Guerrero, President of Infinity Bank, is revolutionizing community banking through his dedicated approach to personal customer service. By sharing his cell phone number with over 1,000 clients,...
South Coast Plaza Expands with New Luxury Storefronts
News Summary South Coast Plaza in Costa Mesa has introduced over 20 new storefronts, enhancing its reputation as a premier shopping destination. High-profile brands like Dior Beauty and Eleventy Milano...
New Bakery Pan Y Cafe Opens in Santa Ana
News Summary Santa Ana has welcomed Pan Y Cafe, a bakery specializing in freshly baked Mexican sweet bread, pan dulce. Owned by Samuel Ruiz, the bakery has quickly become a...
Restaurant Closures Due to Health Violations in Orange County
News Summary Health inspectors mandated the closure of several restaurants across Orange County due to significant health violations between October 16 and October 23. Establishments such as Plums, The Well,...
Newport Beach Declared Most Expensive City in the U.S.
News Summary A recent PropertyShark report has positioned Newport Beach as the most expensive city in the United States, with all six of its ZIP codes ranking among the top...
First American Financial Corp. Reports Strong Third-Quarter Profit
News Summary First American Financial Corp. has announced a robust profit of $189.6 million for the third quarter, surpassing Wall Street expectations. The company’s revenue reached $1.98 billion, exceeding analysts’...
Finance
Victor Guerrero’s Commitment to Community Banking Transforms Customer Experience
News Summary Victor Guerrero, President of Infinity Bank, is revolutionizing community banking through his dedicated approach to personal customer service. By sharing his cell phone number with over 1,000 clients,...
First American Financial Corp. Reports Strong Third-Quarter Profit
News Summary First American Financial Corp. has announced a robust profit of $189.6 million for the third quarter, surpassing Wall Street expectations. The company’s revenue reached $1.98 billion, exceeding analysts’...
Orange County Rent Prices See Slight Increase Amid Challenges
News Summary Renters in Orange County are grappling with a challenging rental market as overall rental prices have risen by 1.4%. Only three out of 14 cities experienced a decline...
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...
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
Irvine Partners with Brookfield for New Housing Project
News Summary The City of Irvine has signed a deal with Brookfield Residential to develop Gateway Village, an 80-acre site aiming to build 1,138 new homes to help address regional...
Skyline Apartment Complex Transitions to Luxury For-Sale Listings
News Summary The Skyline apartment complex in Santa Ana has started shifting from rental units to luxury for-sale listings, introducing one and two-bedroom layouts and exclusive penthouses priced from $600,000...
Newport Beach Declared Most Expensive City in the U.S.
News Summary A recent PropertyShark report has positioned Newport Beach as the most expensive city in the United States, with all six of its ZIP codes ranking among the top...
First American Financial Corp. Reports Strong Third-Quarter Profit
News Summary First American Financial Corp. has announced a robust profit of $189.6 million for the third quarter, surpassing Wall Street expectations. The company’s revenue reached $1.98 billion, exceeding analysts’...
Orange County Rent Prices See Slight Increase Amid Challenges
News Summary Renters in Orange County are grappling with a challenging rental market as overall rental prices have risen by 1.4%. Only three out of 14 cities experienced a decline...
Laguna Niguel Mansion Sets New Sales Record
News Summary A luxurious estate in Laguna Niguel has made headlines by selling for $16.25 million, surpassing its listing price and achieving a remarkable price per square foot. This six-bedroom,...
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,...