Orange County Business Journal - The Community of Business™
WEBOC’s Wealthiest 2024: JOHN TU & DAVID SUN. July 30, 2024. JOHN TU CO-FOUNDER, PRESIDENT KINGSTON TECHNOLOGY CO. DAVID SUN CO-FOUNDER, COO KINGSTON TECHNOLOGY CO. THE MONEY: Largest local consumer electronics maker, and among OC’s largest private companies by sales.
Pacific Edge Hotel Sold for $80M; to Undergo Renovation
WEBAugust 12, 2024. 109. Pacific Edge, built in 1963, fronts the ocean on Sleepy Hollow Lane. A California-based hospitality investment entity with ties to the Marriott family has bought Laguna Beach’s Pacific Edge Hotel, the Business Journal has learned. The hotel has traded hands for $80 million, or $640,000 per key, in a deal making it the ...
Virgin Galactic Catering to 300K Would-Be Astronauts
WEBAugust 19, 2024. 174. Virgin Galactic’s Delta spaceship will increase passengers from 4 to 6. About 300,000 people want to be astronauts and are willing to pay for a few minutes of floating in space, according to Virgin Galactic Holdings. The Tustin-based space tourism company is setting out to capture about 1,650 passengers annually.
OC’s Fastest-Growing Private Companies Enjoy 56% Growth
WEBSep 19, 2021 · This year’s list of the 60 fastest-growing private companies in OC saw their combined revenue climb to $23.9 billion for the trailing 12 months ended June 30, a 56% rise from two years ago. While more firms were on last year’s list, 87, they grew their combined revenue at a slower pace, 36%. Their sales grew at a …
Art Institute OC Closing - Orange County Business Journal
WEBJul 11, 2018 · The Art Institute of California-Orange County in Santa Ana, a campus of Argosy University, will permanently close. The school plans to lay off 161 people, effective Aug. 28, according to a Worker Adjustment and Retraining Notification filed with the California Economic Development Department by its parent company, Los Angeles-based missionary organization Dream Center Education Holdings LLC.
Top VC Firms Invest 47% More in Local Companies
WEBBy Peter J. Brennan. June 4, 2017. 318. Venture capital firms based in Orange County increased their local investments 47% last year, led by Toba Capital and Okapi Venture Capital. The six ranked firms made 43 deals totaling $78.3 million, up from 30 deals for $53.4 million in 2015. • No. 2, Okapi of Laguna Beach, invested in nine deals ...
A New Dawn for Terran Orbital - Orange County Business Journal
WEBAug 19, 2024 · Terran on Aug. 12 reported second-quarter revenue fell 5.6% to $30.4 million, missing the analyst consensus for about $35 million. About $21.1 million of the second-quarter revenue came from Lockheed, which is Terran’s biggest customer. It also reported its loss widened to $35.4 million from $28.1 million in the same period last year.
Irvine Co. Office Portfolio 90% Leased
WEBAug 19, 2024 · The firm, the largest owner of office space in both Orange County and the state of California, also said it totaled 10.4 million square feet of leases over the last 12 months, which is a nearly 12% increase in square footage compared to the 2023 fiscal year. The firm notes that these results outperformed the U.S. office market by 10%.
Rob Phillips: Family Company Keeps on Innovating
WEBAugust 19, 2024. 116. Rob Phillips CEO Phillips Industries. Rob Phillips’ family company keeps innovating to ensure a safer and more efficient life for the all-important trucking industry. For example, in May, Phillips Industries announced the launch of the REAR-VU Backup Camera. Using the camera means that “any driver can connect with any ...
Buchanan Street Finds Value in Self-Storage Units
WEBAug 19, 2024 · The sector is now having its time in the spotlight because of inflationary pressures. Brunswick’s Buchanan Street Partners last October paid $21 million to buy a 116,500-square-foot facility that includes 825 self-storage units and 40 RV parking spaces in the Northern California town of Auburn. The firm is now up to 5,900 self-storage units ...
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