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Costa Mesa, Business News

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BUSINESS NEWS

Children participating in STEM activities at a youth center

Boys & Girls Clubs of Central OC Expands Reach Through Merger

July 14, 2025

News Summary The Boys & Girls Clubs of Central Orange Coast has merged with the Boys & Girls Clubs of Greater Anaheim-Cypress, expanding its services to over 12,000 children and...

Interior of J.P. Morgan Private Bank with financial advisory setup

J.P. Morgan Private Bank Welcomes Blake Clayton as Vice President

July 14, 2025

News Summary J.P. Morgan Private Bank has appointed Blake Clayton as the new Vice President and Banker at its Orange County branch. With extensive experience in financial transactions and corporate...

The newly established Office of Health & Wellness in Irvine

City of Irvine Establishes Office of Health & Wellness for Affordable Housing

July 14, 2025

News Summary The City of Irvine has launched the Office of Health & Wellness to boost affordable housing initiatives. This new office aims to expand access to social services while...

Diverse restaurants in Orange County with health inspection signs

Orange County Restaurant Closures and Reopenings Update

July 12, 2025

News Summary Orange County has experienced a series of temporary restaurant closures and reopenings due to health inspections focused on food safety compliance. Between July 3 and July 10, five...

Proposed urban development in Huntington Beach with housing and greenery

Huntington Beach Proposes Major Development with 800 Housing Units

July 12, 2025

News Summary Huntington Beach is set for a major transformation as the California Resources Corporation proposes to rezone a 92-acre site for 800 housing units and a hotel. The project...

Modern housing developments in Fountain Valley

Fountain Valley Recommends Two Major Housing Developments

July 11, 2025

News Summary The Fountain Valley Planning Commission has recommended two significant housing projects, Euclid + Heil and Magnolia, to address California’s housing needs. Euclid + Heil will provide 304 market-rate...

OC Waste & Recycling team celebrating their National Achievement Awards

OC Waste & Recycling Receives National Achievement Awards

July 10, 2025

News Summary OC Waste & Recycling (OCWR) in Santa Ana has been honored with four National Achievement Awards from the National Association of Counties for its leadership in environmental education,...

Closed sign on a storefront of Republic National Distributing

Major Job Losses as Republic National Distributing Closes Locations

July 9, 2025

News Summary Republic National Distributing Co. is set to close multiple locations across California, resulting in the loss of over 1,750 jobs. The layoffs, which will take place in phases...

Exterior view of the Ford Irvine Design Studio building with 'For Lease' sign

Ford to Close Irvine Design Studio, Laying Off 263 Employees

July 8, 2025

News Summary Ford Motor Co. has announced the closure of its Irvine Design Studio, resulting in the layoff of 263 employees. The shutdown, effective November 30, offers continued employment options...

Finance

Interior of J.P. Morgan Private Bank with financial advisory setup

J.P. Morgan Private Bank Welcomes Blake Clayton as Vice President

July 14, 2025

News Summary J.P. Morgan Private Bank has appointed Blake Clayton as the new Vice President and Banker at its Orange County branch. With extensive experience in financial transactions and corporate...

Closed sign on a storefront of Republic National Distributing

Major Job Losses as Republic National Distributing Closes Locations

July 9, 2025

News Summary Republic National Distributing Co. is set to close multiple locations across California, resulting in the loss of over 1,750 jobs. The layoffs, which will take place in phases...

View of the City Plaza office building in Newport Beach

Surlamer Investments Acquires City Plaza Office Building

June 30, 2025

News Summary Surlamer Investments has purchased the City Plaza office building in Newport Beach for $18.5 million, signaling a notable downturn in office property values in Orange County. The 19-floor...

Office of Pacific Premier Bancorp

Pacific Premier Bancorp to Lay Off Employees Ahead of Merger

June 27, 2025

News Summary Pacific Premier Bancorp announced it will lay off 78 employees, nearly 6% of its workforce at the Irvine headquarters, as it prepares for a $2 billion merger with...

Charles Girard appointed as Director of Business Development, International Finance at CTC Global

CTC Global Appoints Charles Girard as International Finance Director

June 23, 2025

News Summary CTC Global has appointed Charles Girard as the Director of Business Development, International Finance, to enhance its global market efforts for its ACCC® Conductor technology. Girard brings over...

City landscape of Santa Ana showcasing community initiatives

Santa Ana Faces Declining Cannabis Tax Revenue

June 23, 2025

News Summary Santa Ana is experiencing a sharp decline in cannabis tax revenue, plummeting over 50% since its peak during the pandemic. Forecasts predict revenue will fall to under $10...

Office building representing the mortgage industry under sunny sky in California

Chimera Investment Corporation Acquires HomeXpress Mortgage Corp

June 12, 2025

News Summary Chimera Investment Corporation has announced its acquisition of HomeXpress Mortgage Corp., a key player in non-QM and business-purpose residential mortgage loans. The move is expected to bolster Chimera’s...

Abstract illustration of economic effects due to tariffs on businesses

Impact of Tariffs on Orange County Companies

May 13, 2025

News Summary Publicly traded companies in Orange County are facing significant challenges due to President Trump’s tariffs. Rivian Automotive Inc. has revised its EV delivery forecast downward despite a revenue...

Cityscape of Costa Mesa facing severe weather conditions

MeridianLink Inc. Faces $4.7 Million Loss Amid Weather Challenges

May 13, 2025

News Summary MeridianLink Inc. reported a loss of $4.7 million in the first quarter, equivalent to a loss of 6 cents per share. This loss comes as California faces severe...

CONSTRUCTION

Modern housing developments in Fountain Valley

Fountain Valley Recommends Two Major Housing Developments

July 11, 2025

News Summary The Fountain Valley Planning Commission has recommended two significant housing projects, Euclid + Heil and Magnolia, to address California’s housing needs. Euclid + Heil will provide 304 market-rate...

Industrial building in Santa Ana acquired by Terreno Realty

Terreno Realty Corp. Acquires Major Industrial Asset in Santa Ana

July 7, 2025

News Summary Terreno Realty Corp. has purchased a 134,000-square-foot industrial building in Santa Ana for $49.5 million. The property, fully occupied by The Home Depot, offers significant logistics capabilities. While...

Residential developments in Orange County California

Orange County Housing Market Sees Mixed Results

June 27, 2025

News Summary Recent data from Attom shows the Orange County housing market is experiencing mixed trends in pricing, with the overall median home price at $1.19 million. While home prices...

Construction workers collaborating on a heavy civil project

Sukut Construction Announces Key Leadership Appointments

June 23, 2025

News Summary Sukut Construction has appointed Lawrence Damore as vice president of alternative delivery and promoted Ryan Prokop to vice president of energy. These changes reflect the company’s commitment to...

Charles Girard appointed as Director of Business Development, International Finance at CTC Global

CTC Global Appoints Charles Girard as International Finance Director

June 23, 2025

News Summary CTC Global has appointed Charles Girard as the Director of Business Development, International Finance, to enhance its global market efforts for its ACCC® Conductor technology. Girard brings over...

Modern multifamily apartments in an urban setting of Orange County

Orange County Sees Surge in Multifamily Property Transactions and Developments

June 21, 2025

News Summary Orange County is witnessing a significant increase in multifamily property transactions, with several small apartment buildings exchanging ownership and new developments on the rise. High-profile sales include the...

Illustration of Hive Live mixed-use development in Costa Mesa

Costa Mesa to Review Hive Live Mixed-Use Development

June 19, 2025

News Summary Costa Mesa is set to review the Hive Live project, which proposes 1,050 housing units, including 105 affordable units, aimed at addressing the city’s housing crisis. The development...

Rendering of the Anduril Industries manufacturing facility in Ohio

Anduril Industries to Build Major Manufacturing Facility in Ohio

June 13, 2025

News Summary Anduril Industries, a defense technology firm, plans to establish a large manufacturing facility named ‘Arsenal 1’ in Pickaway County, Ohio, creating around 4,000 jobs. Set on a 500-acre...

Exterior view of TynanGroup's new office in Newport Beach

TynanGroup Expands with New Office in Newport Beach

June 6, 2025

News Summary TynanGroup has opened a new office in Newport Beach, enhancing its presence in Orange County’s luxury hospitality development market. The office, managed by Vice President Scott Douglas, aims...

Marketing

Flexible office layout with private offices and team spaces at Serendipity Labs

Costa Mesa Welcomes Serendipity Labs

June 16, 2025

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,...

Celebration of a local business milestone in Costa Mesa

Costa Mesa Business Owners Celebrate Major Sales Milestone

May 21, 2025

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

The newly established Office of Health & Wellness in Irvine

City of Irvine Establishes Office of Health & Wellness for Affordable Housing

July 14, 2025

News Summary The City of Irvine has launched the Office of Health & Wellness to boost affordable housing initiatives. This new office aims to expand access to social services while...

Proposed urban development in Huntington Beach with housing and greenery

Huntington Beach Proposes Major Development with 800 Housing Units

July 12, 2025

News Summary Huntington Beach is set for a major transformation as the California Resources Corporation proposes to rezone a 92-acre site for 800 housing units and a hotel. The project...

Modern housing developments in Fountain Valley

Fountain Valley Recommends Two Major Housing Developments

July 11, 2025

News Summary The Fountain Valley Planning Commission has recommended two significant housing projects, Euclid + Heil and Magnolia, to address California’s housing needs. Euclid + Heil will provide 304 market-rate...

Industrial building in Santa Ana acquired by Terreno Realty

Terreno Realty Corp. Acquires Major Industrial Asset in Santa Ana

July 7, 2025

News Summary Terreno Realty Corp. has purchased a 134,000-square-foot industrial building in Santa Ana for $49.5 million. The property, fully occupied by The Home Depot, offers significant logistics capabilities. While...

Terra Oceanside apartment complex exterior with amenities

River Oaks Management Acquires Terra Oceanside Apartment Complex

July 4, 2025

News Summary River Oaks Management Inc. has successfully acquired the Terra Oceanside apartment complex for $18.3 million. This notable transaction in North County San Diego translates to $295,161 per unit...

New Rivian Automotive facility in Irvine

Rivian Expands Operations with New Facility in Irvine

July 2, 2025

News Summary Rivian Automotive has signed a lease for a new 95,000 square foot facility in Irvine, California, demonstrating its strong presence and ongoing commitment to growth in the region....

Innovative property management team at work

Royal York Property Management Innovates Coastal Market Trends

July 1, 2025

News Summary Royal York Property Management (RYPM) is revolutionizing property management with its tech-driven solutions, managing over 25,000 units internationally. Utilizing AI for tenant evaluations and a cloud-based platform for...

View of the City Plaza office building in Newport Beach

Surlamer Investments Acquires City Plaza Office Building

June 30, 2025

News Summary Surlamer Investments has purchased the City Plaza office building in Newport Beach for $18.5 million, signaling a notable downturn in office property values in Orange County. The 19-floor...

Aerial view of industrial properties with warehouses.

BKM Capital Partners and Kayne Anderson Form $1.5 Billion Joint Venture

June 30, 2025

News Summary BKM Capital Partners has formed a $1.5 billion joint venture with Kayne Anderson Real Estate to invest in small- and mid-bay industrial properties. The partnership aims to capitalize...

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