Biz News: Laguna Beach Beer Co. acquires RSM brewing facility

Laguna Beach Beer Co. has reached an agreement to acquire Cismontane Brewing Co.'s production and tasting room in Rancho Santa Margarita, according to a news release.

The company will rebrand the location, 29851 Aventura, Suite D, “Laguna Beach Beer Company @RSM” and expand it to include a kitchen. It will serve both Laguna Beach and Cismontane beers. It will also bring additional production capacity for a planned pub in Laguna Beach, scheduled to open in spring 2017, company officials said.

Cismontane, founded in 2009, will retain its name and trademark and continue its plans for a new brewing facility and tasting room in Santa Ana, according to a news release.

Terms of the transaction were not made public.

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.”

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.”

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.

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.

Woodmont opens Newport Beach office

The Woodmont Co., a Texas-based real estate service company, recently opened a new office in Newport Beach.

The office at 620 Newport Center Drive will focus on representing retail tenants, according to a news release.

Joseph Williams, the firm’s senior vice president, will be leading the new branch.

Ecliptek names new manager

Costa Mesa-based Ecliptek Corp., a manufacturer of crystal and oscillator products, has named Sheila Hoagland as its new business development manager, according to a news release.

Hoagland was credited with having more than 20 years of electronics industry experience.

1Heart moves to Newport Beach

1Heart Caregiver Services of Orange County, a senior care services company, recently moved to a new location in Newport Beach.

The Los Angeles-based company now has operations at 3700 Campus Drive, Suite 201.

In addition to Newport, the office will serve Dana Point, Laguna Niguel, Laguna Beach, Aliso Viejo, Laguna Hills, Laguna Woods, Lake Forest and Mission Viejo.