January 7, 1993 |
The largest Irvine land sale in a decade closed this week when Japanese noodle maker Maruchan Inc. purchased 32 acres in the Irvine Spectrum office and industrial complex. The price, which was not disclosed, was estimated by sources familiar with the transaction at about $14 million. The company plans to build a new manufacturing facility, which it may consolidate with the two smaller manufacturing sites it has in Irvine. Those operations now employ 300 people.
August 12, 1992 |
Clearing the way for the biggest resort yet along coastal Orange County, the California Coastal Commission gave unanimous approval Tuesday to the planned Monarch Beach Resort in Dana Point. Often likened to Monterey Peninsula's famed Pebble Beach, the 225-acre Monarch Beach Resort will be a golf-residential-hotel complex. The owner is the Japanese credit card giant Nippon Shinpan Ltd.
February 21, 1992 |
After buying $626 million worth of Orange County real estate in 1990, the Japanese virtually pulled out in 1991--spending only $32 million here. According to a survey released Thursday by the Newport Beach office of Kenneth Leventhal & Co., Japanese real estate investment plunged 95% last year from the previous year--Orange County's biggest ever for Japanese activity. In 1990, Orange County ranked fifth nationally in Japanese investment; in 1991, it didn't even make the charts.
November 28, 1991 |
Stung by criticism that their support for local charities has been lackluster, a team of Japanese business executives has begun an aggressive campaign to draw contributions from more of the county's 160 Japanese companies. Led by Yoshinori Taura, president of Mazda Motor of America Inc.
CALIFORNIA | LOCAL
June 22, 1991 |
A major Japanese insurance company has acquired the Inn at Laguna for an estimated $20 million in cash. Sunfolio Inn Inc., a Laguna Beach subsidiary of Tokyo-based Sunway Inc., acquired the 70-room, five-story hotel in September, according to Phillip H. Wilhelm, a partner at Huron Partners, the Chicago real estate investment firm that previously owned the property.