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Costa Mesa, Business News

Business News
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BUSINESS NEWS

Exterior of Tesla Collision Center in Irvine, California

Tesla Collision Center Sold for $21 Million in Irvine

June 14, 2025

News Summary A Tesla Collision Center in Irvine has been sold for $21 million, reflecting strong demand for automotive real estate, particularly in the electric vehicle sector. The 35,616-square-foot facility...

Signs of closed restaurants in Orange County, depicting food safety concerns.

Orange County Health Inspectors Close 15 Restaurants

June 14, 2025

News Summary Orange County health inspectors have temporarily closed 15 restaurants and food establishments due to health violations. The closures, occurring from June 5 to June 12, aim to uphold...

New Dickies headquarters building in Costa Mesa, California

Dickies Relocates Headquarters to Costa Mesa, California

June 13, 2025

News Summary Dickies, the iconic workwear brand, will be moving its headquarters from Fort Worth, Texas, to Costa Mesa, California, as part of a restructuring effort by its parent company,...

Exterior of Wanderlust Creamery in Costa Mesa with colorful ice cream signs

Wanderlust Creamery Opens New Location in Costa Mesa

June 13, 2025

News Summary Wanderlust Creamery is expanding its presence in California with the opening of its latest ice cream shop in Costa Mesa. Located at 3033 Bristol Street, the new outlet...

Closed office building of Liberated Brands in Costa Mesa

Liberated Brands to Close Costa Mesa Offices, Laying Off 400 Employees

June 13, 2025

News Summary Liberated Brands, a distributor for surf brands like Billabong and Volcom, is closing its Costa Mesa offices, resulting in nearly 400 layoffs. This corporate restructuring is a response...

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...

Interior of Ramen Nagi in Costa Mesa with ramen bowls and Japanese decor

Ramen Nagi Opens First Location in Costa Mesa

June 13, 2025

News Summary Ramen Nagi, a popular ramen bar from Japan, is set to open its first location in Orange County at South Coast Plaza. The restaurant, opening on March 24,...

Fresh seafood display at Santa Monica Seafood market

Closure of Santa Monica Seafood in Costa Mesa

June 13, 2025

News Summary Santa Monica Seafood has closed its restaurant and fish market in Costa Mesa, California, after nearly 30 years of service. This decision reflects the difficult operational climate for...

13-unit multifamily property in Costa Mesa featuring cottages and townhomes

13-Unit Multifamily Property Sold in Costa Mesa for Record Price

June 13, 2025

News Summary A 13-unit multifamily property on Victoria St. in Costa Mesa has been sold for $8.6 million, setting a record price per unit in Westside Costa Mesa. This property,...

Finance

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...

A modern self-storage facility with climate-controlled units.

Talonvest Capital Secures $66.1 Million for Self-Storage Developments

May 12, 2025

News Summary Talonvest Capital, Inc. has closed $66.1 million in construction loans for two self-storage facilities in North Hollywood, CA, and Bordentown, NJ. The loans, provided to 1784 Holdings, LLC,...

Small business scene in Orange County showcasing various industries

U.S. Bank Sees Decline in SBA Loans in Orange County

May 5, 2025

News Summary U.S. Bank reported a slight decline in SBA loans in Orange County for the fiscal year ending September 30, 2024, totaling $20.4 million. Despite this, the number of...

Vans headquarters building in Costa Mesa, California

VF Corp Announces Layoffs at Vans’ Costa Mesa Headquarters

May 2, 2025

News Summary VF Corp has revealed plans to lay off 82 employees at its Costa Mesa headquarters as part of a strategic workforce reduction of 400 positions across the company....

CONSTRUCTION

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...

Construction site of Slater Ave Apartments in Fountain Valley

Fountain Valley Begins Construction on Slater Ave Apartments

June 6, 2025

News Summary Fountain Valley has commenced construction on the Slater Ave Apartments, a 272-unit complex aimed at providing affordable housing and modern amenities. The project will feature 33 low-income units...

Modern defense technology manufacturing facility

Anduril Industries Secures $2.5 Billion Funding Round

June 5, 2025

News Summary Anduril Industries has completed a $2.5 billion funding round, increasing its valuation to $30.5 billion. The investment will enhance production capabilities amid rising demand for defense technologies. Led...

Construction site in Orange County with workers and cranes

Orange County Construction Sector Sees Remarkable Growth

June 2, 2025

News Summary Orange County’s construction sector has reported impressive growth, with the largest companies generating over $10.5 billion in local project revenue. A 7.3% increase has been observed compared to...

Rendering of the Fountain Valley Apartments development

Fountain Valley Unveils Major Multifamily Development Project

June 2, 2025

News Summary Fountain Valley, California, is set to welcome a new 272-unit apartment project by JPI Cos. and Heitman, addressing the city’s significant housing shortage. This development will include luxury...

Aerial view of new housing development approved in Irvine.

Irvine City Planning Commission Approves New Housing Development

May 26, 2025

News Summary The Irvine City Planning Commission has approved a zoning change that facilitates the construction of up to 2,500 new housing units near the University of California, Irvine. The...

New homes under construction as part of a housing development.

New Home Co. to Acquire Landsea Homes in $1.2 Billion Deal

May 19, 2025

News Summary New Home Co., a Dallas-based homebuilder, is set to acquire Landsea Homes in an all-cash transaction valued at $1.2 billion. The acquisition will create a top-25 privately held...

Conceptual design of Fountain Valley mixed-use development

Fountain Valley Proposes Mixed-Use Development at Boomers Site

May 13, 2025

News Summary Fountain Valley plans to transform the former Boomers site into a mixed-use development featuring 657 apartments and retail space. The project, submitted by Holland Partner Group, includes affordable...

Marketing

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

Exterior of Tesla Collision Center in Irvine, California

Tesla Collision Center Sold for $21 Million in Irvine

June 14, 2025

News Summary A Tesla Collision Center in Irvine has been sold for $21 million, reflecting strong demand for automotive real estate, particularly in the electric vehicle sector. The 35,616-square-foot facility...

13-unit multifamily property in Costa Mesa featuring cottages and townhomes

13-Unit Multifamily Property Sold in Costa Mesa for Record Price

June 13, 2025

News Summary A 13-unit multifamily property on Victoria St. in Costa Mesa has been sold for $8.6 million, setting a record price per unit in Westside Costa Mesa. This property,...

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...

Commercial building in Irvine leased to Tesla

Steiner Investments Acquires Tesla-Leased Property in Irvine

June 11, 2025

News Summary Steiner Investments has finalized the acquisition of a 35,500 square foot building in Irvine for $21 million, fully leased to Tesla Inc. The transaction highlights the growing trend...

Modern industrial building acquired by Bendetti Co. in San Diego

Bendetti Co. Expands into San Diego with $16.2 Million Acquisition

June 11, 2025

News Summary Bendetti Co., a commercial real estate firm, has acquired a 72,158-square-foot industrial building in San Diego for $16.2 million. This marks the company’s first venture into the San...

Elegant dining setup at Mastro's Ocean 48 restaurant featuring seafood dishes.

Mastro’s Ocean 48 Hosts Exclusive Dinner for Award Winners

June 9, 2025

News Summary Mastro’s Ocean 48, co-founded by Jeff and Mike Mastro, hosted a memorable dinner event to honor the winners of the Business Journal Excellence in Entrepreneurship Awards. Key figures...

Westport Plaza retail center in Costa Mesa

Space Investment Partners Sells Westport Plaza & Square for $25.7 Million

June 9, 2025

News Summary Space Investment Partners has successfully sold the Westport Plaza & Square retail center in Costa Mesa for $25.7 million. Covering nearly 40,000 square feet and 97% leased at...

Aerial view of office buildings being converted to residential units in Orange County

Orange County Ranks Seventh in Office Space Conversion

June 6, 2025

News Summary Orange County has achieved a significant ranking, coming in seventh nationally for office space designated for conversion or demolition. According to a recent CBRE report, the county has...

Construction site of Slater Ave Apartments in Fountain Valley

Fountain Valley Begins Construction on Slater Ave Apartments

June 6, 2025

News Summary Fountain Valley has commenced construction on the Slater Ave Apartments, a 272-unit complex aimed at providing affordable housing and modern amenities. The project will feature 33 low-income units...

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