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BUSINESS NEWS
Lakers Sold to Mark Walter for $10 Billion
News Summary The Los Angeles Lakers have been sold to Mark Walter, CEO of TWG Global, for a record-breaking $10 billion. This monumental deal marks a significant transition for the...
Orange County’s Pandemic Fund Scandal: Viet America Society in Hot Water
News Summary Orange County is taking legal action against the Viet America Society amid allegations of misconduct regarding public funds meant for community support. Accusations include the misuse of pandemic...
Gas Prices in California: Current Trends and Future Predictions
News Summary Gas prices in California, specifically in Los Angeles and Orange County, have recently seen a drop, with current averages at approximately $4.599 and $4.527 respectively. This drop is...
Huntington Beach Launches E-Bike Safety Program for Students
News Summary Huntington Beach has introduced a police-led e-bike safety program aimed at educating young riders following a significant increase in e-bike accidents. The initiative focuses on hands-on training for...
Huntington Beach Residents Advocate for Library Independence
News Summary Huntington Beach, California, is witnessing a significant shift as residents unite against conservative city council policies affecting their local library. By passing Measures A and B, they have...
Tragic Loss: Mission Viejo Motorcyclist Killed in Suspected DUI Crash
News Summary A local motorcyclist, Anthony Balsamo, lost his life in a tragic DUI crash in Mission Viejo. The incident occurred at a busy intersection, leaving the community in mourning...
Los Angeles Gas Prices: A Dive and a Rise Worth Watching
News Summary Los Angeles County has recently witnessed a drop in gas prices, with prices averaging $4.612 a gallon, marking the lowest since February. The decrease provides relief to drivers,...
Beach Accessibility Grants for Orange County
News Summary Orange County Coastkeeper has received $290,000 in grant funding to enhance beach accessibility for individuals with disabilities. This funding is part of the Beach and Coast Accessibility Program...
Costa Mesa Takes a Hit: Hana re Loses Its Michelin Star
News Summary The culinary scene in Costa Mesa has been shaken as the esteemed restaurant Hana re loses its Michelin star, a mark of fine dining excellence it held since...
Finance
Renters in Los Angeles Save Big Compared to Homebuyers
News Summary A recent study by Zillow reveals that renters in Los Angeles and Orange counties are saving significantly compared to homeowners. The average rent for a single-family home is...
High Six-Figure Salaries in Los Angeles Workforce
News Summary A recent analysis of payroll data reveals that a significant portion of workers in Los Angeles and Orange County aspire to earn six-figure salaries for financial comfort. The...
Huntington Beach Seeks New Assistant City Manager
News Summary Huntington Beach is in the process of recruiting an Assistant City Manager (ACM) to enhance municipal operations. The ACM will be integral to the Executive Leadership Team, working...
Rising Income Requirements for Condo Buyers in Orange County
News Summary In Orange County, the annual income required to purchase a median-priced condo has risen to $189,000, reflecting a 6% increase from the previous year. The median selling price...
Garden Grove Welcomes New Leadership for Transportation Authority
News Summary The Orange County Transportation Authority has appointed Tam T. Nguyen as its new chairman. His focus on community enhancement and support for local businesses positions him as a...
Orange County Companies Face Balancing Act Amid Tariff Challenges
News Summary Orange County businesses are struggling with President Trump’s tariffs, leading to significant operational challenges. Rivian Automotive adjusted its delivery forecasts, Masimo reported a $650 million loss, and Skyworks...
Slower Job Growth and Rising Unemployment in Orange County
News Summary Economists from California State University project slower job growth and rising unemployment in Orange County. Although a significant recession is not predicted, inflation and sluggish growth trends present...
BJ’s Restaurants Reports Strong Earnings Amid Local Challenges
News Summary BJ’s Restaurants Inc., based in Huntington Beach, has reported a strong financial performance for Q1, earning $13.5 million. While the restaurant chain thrives, Huntington Beach faces significant economic...
CONSTRUCTION
Sukut Construction Announces Leadership Changes
News Summary Sukut Construction has appointed Lawrence Damore as vice president of alternative delivery and promoted Ryan Prokop to vice president of energy. These leadership changes are designed to strengthen...
Orange County’s Boom in Office Space Conversions
News Summary Orange County has ranked seventh in the U.S. for converting office buildings into multifamily housing and industrial uses, with 4.2 million square feet targeted for redevelopment. The trend...
Fountain Valley Begins Construction on New 272-Unit Slater Ave Apartment Complex
News Summary Construction has started on the Slater Ave Apartments, a new five-story, 272-unit apartment complex in Fountain Valley. This project includes 33 low-income units and aims to provide affordable...
Orange County Commercial Development Faces Challenges
News Summary Orange County’s commercial development sees a downturn with only 2 million square feet completed, down from 3.8 million the previous year. The landscape is shifting as new players...
New Hive Live Residential Development Advancing in Costa Mesa
News Summary The Hive Live project, spearheaded by Legacy Partners, is set to transform a 14.25-acre site in Costa Mesa into a community with 1,050 residential units. The development, which...
Elevate Aircraft Seating Expands Operations in Huntington Beach
News Summary Elevate Aircraft Seating, a leader in airline seat manufacturing, has signed a lease for a new 280,460-square-foot facility in Huntington Beach. This expansion, located at 5701 Skylab Road,...
Elevate Aircraft Seating Expands Operations in Huntington Beach
News Summary Elevate Aircraft Seating announces a major expansion with a new facility lease in Huntington Beach. The company, formerly Adient Aerospace, aims to enhance its manufacturing capabilities in response...
Anduril Industries Expands Presence in Santa Ana
News Summary Anduril Industries has announced a significant expansion by leasing 313,244 square feet at the Lake Center Office Park, bringing their total footprint in Orange County to 1.1 million...
Costa Mesa Prepares for One Metro West Housing Development
News Summary Costa Mesa is set to undergo a major transformation with the proposed One Metro West housing development. This ambitious project by Rose Equities aims to build over 1,000...
Marketing
Huntington Beach City Council Approves Lifeguard Tower Ads
News Summary The Huntington Beach City Council has approved a three-year advertising agreement with Rio Media to place advertisements on 24 lifeguard towers along the beachfront. The initiative, expected to...
Real Estate
Orange County Housing Market Shows Mixed Trends
News Summary The Orange County housing market exhibits contrasting trends as home inventory rises while affordability remains a challenge. The median home price showcases slight increases with notable variances across...
Orange County Sees Major Office Building Acquisition
News Summary Surlamer Investments has acquired the City Plaza office building in Orange County for $18.5 million, marking a historic low price per square foot. The 19-floor building is situated...
Renters in Los Angeles Save Big Compared to Homebuyers
News Summary A recent study by Zillow reveals that renters in Los Angeles and Orange counties are saving significantly compared to homeowners. The average rent for a single-family home is...
Steiner Investments Acquires Tesla-Leased Building in Irvine
News Summary Steiner Investments has acquired a 35,500-square-foot building in Irvine, California, fully leased to Tesla for $21 million. This significant transaction, closed on May 28, indicates a price of...
Orange County’s Boom in Office Space Conversions
News Summary Orange County has ranked seventh in the U.S. for converting office buildings into multifamily housing and industrial uses, with 4.2 million square feet targeted for redevelopment. The trend...
Rising Income Requirements for Condo Buyers in Orange County
News Summary In Orange County, the annual income required to purchase a median-priced condo has risen to $189,000, reflecting a 6% increase from the previous year. The median selling price...
Orange County Ranks Seventh for Office Space Conversion
News Summary Orange County has been recognized as the seventh-highest U.S. market for converting office spaces into residential developments, as noted in a recent CBRE report. With 26 projects totaling...
Fountain Valley Begins Construction on New 272-Unit Slater Ave Apartment Complex
News Summary Construction has started on the Slater Ave Apartments, a new five-story, 272-unit apartment complex in Fountain Valley. This project includes 33 low-income units and aims to provide affordable...
Orange County Commercial Development Faces Challenges
News Summary Orange County’s commercial development sees a downturn with only 2 million square feet completed, down from 3.8 million the previous year. The landscape is shifting as new players...
