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.
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 ...
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 ...
Amazon-Leased Buildings Fetch $520M for Greenlaw
WEBJun 21, 2022 · Irvine-based real estate investor Greenlaw Partners has completed a major portfolio sale of eight industrial properties in California and Utah that are leased to Amazon for its sprawling distribution network.. Local brokerages put a $520 million price tag on the entire portfolio. The bulk sale, to South Korean institutional investor Mirae Asset Global Investments, is among the larger ...
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 …
FDA Clears Diality’s Mobile Hemodialysis System
WEBBy Sonia Chung. August 19, 2024. 13. The Moda-flx performs dialysis for acute and chronic kidney failure. Diality received 510 (k) clearance from the Food and Drug Administration for its hemodialysis system that could make at-home treatment a more viable option. The Irvine-based medical device company is developing what’s called the Moda-flx ...
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 ...
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.
California Fish Grill Eyes East Coast Expansion
WEBJan 8, 2024 · It ranked No. 18 among Orange County-based restaurant chains with systemwide sales of $125 million for the 12 months ended Dec. 31, 2022, according to Business Journal data. Holden projected 2023 sales to close around $135 million. Fishing Improvements. A big part of California Fish Grill’s business …
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