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NEWS
By Michael Miller | November 26, 2013
The revamped Balboa Village Theatre may resemble "a little more of a start-up" than a lavish performing arts center because of uncertainty over funding, the chief executive of its foundation said Monday. Steve Beazley, who was tapped in September to lead the Balboa Performing Art Theater Foundation, said the group may scale down its previous $5.5-million vision for reopening the long-defunct theater at 707 E. Balboa Blvd., Newport Beach. The foundation is having new architectural plans drawn up and as yet cannot quote project costs.
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NEWS
By Mike Reicher | January 25, 2012
NEWPORT BEACH — Warring business owners fought a bizarre property-rights battle in the City Council Chambers on Tuesday night. The owners of the Newport Beach County Club property and the owner-operators of the club itself presented competing redevelopment plans. Ultimately, the council agreed with the Planning Commission's recommendation to approve a hybrid plan, allowing the groups to replace 17 tennis courts with 27 luxury hotel suites and five homes, and to significantly expand the clubhouse.
NEWS
January 12, 2011
Our City Council, with newly elected and appointed members, is faced with the task of balancing our city's budget while improving the integrity of our infrastructure. During the past few years we have seen unprecedented changes in our economy. Some have weathered the storm better than others. We all know the impact Lehman Bros. has had, which included Costa Mesa. Union contracts continue to strangle local and state governments. It is hard to simplify the reasons why some cities have done better than others but it really boils down to its structure, having a business plan that incorporates maintaining its customer base, constantly planting seeds for growth for incremental income, learning from the competition, having the flexibility to adapt as needed while maintaining the proper overhead that meets the profit goals.
NEWS
By Bradley Zint | March 20, 2014
When Rich and Peggy Penjoyan started out in the 1960s, they were working for peanuts - literally. The couple sold the crunchy legumes from the back of a truck in Malibu Canyon, but the business plan wasn't working quite as well as Rich wanted. So in 1969 he decided to set up shop in Costa Mesa, a recently minted city experiencing its teenage years - Sweet 16 - but already boasting a population of some 73,000. It was the year Growers Ranch sprouted up along Newport Boulevard, back when traveling along the ol' Goat Hill thoroughfare had an open-air feel about it and the business felt like something you'd see on the side of the road while driving through farmland, Peggy recalled.
NEWS
By Bradley Zint | July 24, 2013
Valerie Torelli started out in the real estate business as a bookkeeper in 1970s Los Angeles, but after seeing the salespeople take "six-hour lunches" while making $70,000 a year, she figured she could do the job too - only better. "I'm taking care of the accounting and I said, 'If they can do this, I can do this,'" she said. So in 1984, she founded Torelli Realty in Costa Mesa. The Pasadena native started with just a few employees. It was a "scrappy" operation out of some rented rooms at the Piecemakers Country Store in Mesa Verde.
NEWS
By Sarah Peters, sarah.peters@latimes.com | March 12, 2011
IRVINE — City Council members last week unanimously approved a set of business-friendly initiatives. Some of the initiatives, which encourage local purchases, will be implemented in the coming weeks, while others were sent back to city staff for review. The council was presented with 15 initiatives intended to stimulate local business growth and consumer spending, including lowering fees and a cell phone application, at a total cost of $373,000, according to the staff report.
NEWS
January 17, 2002
The owner and operator of Roy's in Newport Beach has announced plans to open Thaifoon, Taste of Asia, at the Irvine Spectrum. Randy Schoch, founder of Desert Island Restaurants, which owns Roy's, said the 285-seat Thai food restaurant will encompass 6,957 square feet, with an additional 1,303-square-foot patio. It is scheduled to open April 1, a year after the original restaurant opened in Scottsdale, Ariz. Plans for a third Thaifoon to open in the summer at Fashion Island in Newport Beach are also in the works.
NEWS
By Brianna Bailey | October 17, 2008
Downey Savings and Loan slashed jobs from its Newport Beach headquarters this week. Downey announced Thursday that it would shut down its wholesale loan department, cutting about 200 positions companywide. Company spokeswoman Elizabeth Stover confirmed Friday that jobs had been cut from the company’s Newport Beach offices but declined to comment on the number of local layoffs. Downey’s wholesale loan department is based in Newport Beach, she said. Stover declined to comment further but confirmed that the loan department accounted for about 80% of Downey’s loan production.
NEWS
By Bradley Zint | December 11, 2012
The Costa Mesa Planning Commission unanimously denied an application for a proposed 7-Eleven near The Triangle on Monday night, citing the area's problems with homelessness and the convenience store's request to sell alcohol. Their decision was supported by the Police Department and city staff, who also alluded to potential parking and traffic problems, a concentration of 10 alcohol sale permits in the area, and the 7-Eleven's potential to "magnify exiting problems with transiency.
NEWS
By Joseph Serna, joseph.serna@latimes.com | February 1, 2011
COSTA MESA — They brought in an artist rendering of their ideal recycling center, submitted paperwork to get it approved at a new location a block away, and by Mayor Gary Monahan's own assessment, they made progress toward moving the business. Despite all that, the Costa Mesa City Council in a 4-1 vote turned down Garcia Recycling Center's request to extend its stay at 739 W. 19th Street past Feb. 14, its deadline to close shop. Councilwoman Wendy Leece cast the dissenting vote and unsuccessfully recommended a 30-day extension.
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