Sonia Chung

Irvine

Graphic Artist at Orange County Business Journal

Featured in: Favicon

ocbj.com

Articles

Orange County Business Journal

1 week ago | ocbj.com | Sonia Chung

Irvine Company’s latest big local investment is taking place in Tustin, where it is buying a large chunk of land at a bargain price, compared to other area properties just over the city line. The developer recently reached a deal with the City of Tustin to buy a 19.4-acre land site in Tustin Legacy, not far from the former Marine base’s remaining blimp hangar, and the District at Tustin Legacy shopping center.
OC Insider: Guac Talk

2 weeks ago | ocbj.com | Sonia Chung

Guacamole lovers would likely think a long-running trade fight between the U.S. and Mexico could have a substantial impact on Chipotle Mexican Grill (NYSE: CMG) due to the Newport Beach restaurant chain’s reliance on avocados. About 90% of U.S. avocado imports come from Mexico. Think again. OC’s most valuable public company once sourced 85% of its avocados from Mexico, but now that figure is down to 50%, Scott Boatwright, Chipotle’s CEO, told analysts in late February.
Ziggurat Escrow Nears as Hoag Bid Revealed

3 weeks ago | ocbj.com | Sonia Chung

The intriguing story behind who will take control of the 92-acre Ziggurat facility—one of the largest pieces of prime real estate in South County—took a strange turn last week. The winning bidders, Jeff Pintar of San Juan Capistrano-based Pintar Investment Co. and Cameron Hildreth of Signal Hill-based Hilco Development Services, placed a 10% deposit, or $17.7 million, on the federal government facility after winning in October the dramatic back-and-forth auction.
120 Apts. Proposed Near Fashion Island

3 weeks ago | ocbj.com | Sonia Chung

Yet another Newport Beach building could be demolished for an apartment building. The city is considering turning a two-story Chase Bank at 1470 Jamboree Road into an eight-floor mixed-use project with 120 apartments and 11,600 square feet of ground-floor commercial space, according to public documents. The property, located across the street from the Newport Beach Police Department near Fashion Island would overlook the golf course at the Newport Beach Country Club.
Orange County Business Journal

3 weeks ago | ocbj.com | Sonia Chung

Music to Our EarsThe Philharmonic Society of Orange County celebrated the launch of its Vienna Philharmonic Orchestra residency with the Philharmonic Ball on March 9 at The Westin South Coast Plaza. The black-tie event raised $1.6 million to support the Society’s artistic programs and youth music education, including Strike Up the Band, which provides musical instruments and teaching materials to schools.
Boot Barn, M&A, and IPOs What a Year for the Chapman University OC25 Index

3 weeks ago | ocbj.com | Sonia Chung

Editor’s Note: Before Fadel Lawandy joined Chapman University, where he is the director of the C. Larry Hoag Center for Real Estate and Finance and director of the Janes Financial Center, he was a portfolio manager at Morgan Stanley Smith Barney. The Business Journal’s special report this year highlights the fastest growing Orange County publicly traded companies by revenue growth over a two-year period (see page 31). This Leader Board highlights their stock performance.
Marwynn Valued at $71M After $8M IPO

3 weeks ago | ocbj.com | Sonia Chung

A new small company that combines distribution of Asian foods with indoor home products made its public debut this month. Irvine-based Marwynn Holdings Inc. opened on the Nasdaq on March 13 at $4 per share under the ticker “MWYN,” raising $8 million in gross proceeds. Marwynn in January had anticipated a share price ranging between $4 and $5. Marwynn, which was incorporated last year, owns and manages two businesses in the supply chain business.
Fastest-Growing Public Cos. Ride Healthcare Boom

3 weeks ago | ocbj.com | Sonia Chung

The county’s fastest-growing publicly traded companies grew revenue by an average of 58% during a two-year span ending Dec. 31, 2024. Nineteen of Orange County’s 50 biggest publicly traded companies made the list, with a cutoff at a minimum 15% or more growth. The lists are broken into three categories: five small companies under $100 million; nine in the midsize category of $100 million to $500 million; and five above $500 million.
Samueli Foundation Issues Report to Help Donors

1 month ago | ocbj.com | Sonia Chung

The Samueli Foundation says donors to nonprofits should be just as informed as investors in the stock market. Hence, the prominent nonprofit has created a report to help guide philanthropists and charities seeking to raise funds. “We know that to be excellent investors, you need excellent data and evidence to really make sure that your money is going where the need is,” Lindsey Spindle, president of the Samueli Foundation, told the Business Journal.
Shopoff Realty Buys Amway Site for $60M

1 month ago | ocbj.com | Sonia Chung

Irvine-based Shopoff Realty Investments paid $60 million to buy a 13.8-acre piece of property in Buena Park, with plans to convert an industrial site occupied by Amway Corp. into housing. “Buena Park is a highly desirable location with strong economic fundamentals and exceptional connectivity to major transportation corridors,” Bill Shopoff, president of his namesake real estate firm, told the Business Journal.