Biz News: Vivante senior community wins industry award
Vivante on the Coast, a 145-unit Costa Mesa senior housing community, was recently recognized by the Building Industry Assn. of Southern California’s 55+ Housing Council with a Gold Award for Best 55+ Assisted Living/Memory Care Community.
“We are honored to be recognized by the Building Industry Assn. for Vivante,” said Cory Alder, president of Nexus Cos, the Santa Ana-based developer of Vivante.
“From inception, we were committed to elevating the lifestyle opportunities for our residents,” Alder said. “Every detail of Vivante, from the interior design to the dynamic daily programming, extraordinary cuisine and committed team, has been thought through to ensure that we are enhancing each and every day for our seniors.”
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Room and Board noted as top workplace
Room and Board, a Minnesota-based furnishings retailer with a location in Costa Mesa’s South Coast Collection shopping center, was named one of America’s Best Workplaces in Retail by consulting firm Great Place to Work and Fortune magazine.
Room and Board, considered a small- to medium-sized company, was named to the list based on the results of an anonymous survey of hundreds of employees.
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Villa Real Estate closes on two Newport properties
Kim Bibb, a founder Newport Beach-based Villa Real Estate, recently closed on a Balboa Peninsula real estate transaction valued at nearly $13 million, according to a news release.
A four-lot property with one home at 1902 E. Balboa Blvd. sold for $7.2 million. Nearby, 1909 E. Bay Ave., which contains a bayfront home with a dock, sold for $5.7 million.
Tara Shapiro of HOM Sotheby’s was the co-agent representing the purchaser on 1902 E. Balboa. Elizabeth Thamer of Villa represented the seller of both properties, which is a family trust.
San Clemente-based Rincon Homes bought the Balboa Boulevard property and intends to subdivide it to build four homes there in early 2017.
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Balboa Capital moves to Costa Mesa
Balboa Capital, a financing company, recently moved its corporate headquarters from Irvine to Costa Mesa.
The company is now within 28,000 square feet of space at 575 Anton Blvd., a high-rise within the Met office campus, formerly known as the MetroCenter at South Coast.
“Our new office reflects our forward-thinking goals that focus on company growth and our customer-centric operational strategy,” said Robert Rasmussen, chief operating officer. “We added more than 100 employees in 2016, and we now have a spacious and modern facility that will allow us to expand our sales and operations divisions so we can continue to meet or exceed the expectations of our customers.”
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New Penn Financial names regional manager
Michael Sunnaa has been named regional manager of New Penn Financial’s Costa Mesa office at 575 Anton Blvd., according to a news release.
Sunnaa has more than 20 years of mortgage experience, including time at Wells Fargo.
“I make sure to look at my customer’s complete financial well-being and see how we can help improve that,” he said in a statement. “I always ask myself how I would like myself or my family to be treated and I treat my clients, partners, and employees with that same respect.”
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KOCE to leave Golden West College
PBS SoCal KOCE is moving operations later this month from Golden West College in Huntington Beach to Los Angeles, according to a news release.
KOCE’s master control systems and signal transmission line will move to a shared site in the Sawtelle district, according to a news release.
The broadcast hub will be at Centralcast LLC, a master control facility for public television stations in Syracuse, N.Y.
“The move expands PBS SoCal’s broadcast capabilities, improves reliability with new critical recovery resources and system redundancies, and reduces operating costs while adding station capacity,” the station said in a statement.
“This move expands our footprint across the region and strengthens our operations,” added PBS SoCal President and CEO Andrew Russell in a statement. “It also reflects our commitment to being good stewards of public funds, because it makes our operations more effective and efficient.”
PBS SoCal also maintains a regional office in Costa Mesa.
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Dan Donahue Center begins expansion
A Santa Ana nonprofit recently began its expansion of a facility named after the late Dan Donahue, founder of Donahue Schriber, a Costa Mesa-based private real estate investment trust.
KidWorks, which serves at-risk children and families, will double its space by combining the 10,000-square-foot Dan Donahue Center with an adjacent 10,366-square-foot industrial building, which it had been leasing.
The combined facility will bring new learning labs, a multipurpose space, a recreation court, fitness room and more, according to a news release. More than $3.5 million has been raised for the expansion.
Donahue, known for his role in transforming Newport Beach’s Fashion Island, died in 2002.