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.
Virgin Galactic Catering to 300K Would-Be Astronauts
WEBAugust 19, 2024. 117. 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 …
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 ...
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 ...
Anaheim’s Viv Hotel Defaults on Loan
WEBDecember 4, 2023. 779. 326-room property sits along 5 Freeway. Developer BPM Real Estate Group has defaulted on a $127 million loan for The Viv Hotel, Anaheim, which initially opened as a Radisson Blu hotel in 2020. The Portland, Ore.-based developer originally took out a senior construction loan of $115 million from Miami-based lender 3650 ...
Wanted: Best Places to Work for OCBJ’s 2024 List
WEBDec 20, 2023 · Requirements. Employers must have at least 15 part- and full-time OC employees and have been in business for at least a year. They will be ranked by category: small, 15 to 49 U.S. employees; midsize, 50 to 249; and large, 250 or more. Visit www.bestplacestoworkorangecounty.com for details about our list and information on how to …
Jennifer Friend: Project Hope Secures $2.1M Grant
WEBAugust 19, 2024. 48. Jennifer Friend CEO Project Hope Alliance. Project Hope Alliance is well on its way to reaching all unhoused students in Orange County. The nonprofit in June received a $2.1 million grant from CalOptima, the Orange-based public agency responsible for providing health insurance to California residents.
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 ...
Edwards Buys JC Medical from Genesis MedTech
WEBAugust 20, 2024. 129. Bernard Zovighian CEO Edwards Lifesciences. Edwards Lifesciences Corp. (NYSE: EW) has reportedly acquired transcatheter aortic valve replacement company JC Medical for an undisclosed amount. The acquisition gives Edwards access to JC Medical’s portfolio, including the …