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| March 20, 2019

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Irvine Archives -

Massive real estate scam based in Irvine bilked people out of $100 million, FTC alleges

November 8, 2018 |

The Federal Trade Commission announced Thursday that it’s looking to shut down the “largest overseas real estate investment scam” it has ever encountered: an unfinished luxury development in Belize whose owners, the agency said, bilked people out of more than $ 100 million.

The scheme’s perpetrators…

L.A. Times – Business

In first lawsuit of Mulvaney era, CFPB sues Irvine lender with long list of legal problems

September 15, 2018 |

The Consumer Financial Protection Bureau is accusing an Irvine company of targeting pensioners with high-cost deceptive loans.

The case filed in federal court in Santa Ana might not in recent years have garnered much attention, but these days the mere filing of a lawsuit by the agency is noteworthy.

L.A. Times – Business

Irvine company settles sexual harassment lawsuit for $3.5 million

August 2, 2018 |

An Irvine call-center company has agreed to pay $ 3.5 million to settle allegations of sexual harassment toward both men and women workers detailed in a lawsuit brought by the U.S. Equal Employment Opportunity Commission on behalf of a former employee.

According to the EEOC, supervisors, managers…

L.A. Times – Business

Toyota headquarters in Torrance sold for $270 million to Irvine real estate developer

October 20, 2017 |

Developer Sares-Regis Group has acquired the former Toyota headquarters in Torrance for $ 270 million — making it one of the biggest real estate transactions of the year in the region, where there is high demand for campus-style offices.

The price was nearly double earlier estimates and indicates…

L.A. Times – Business

Giant Toyota campus in Torrance being sold to Irvine developer Sares Regis

October 16, 2017 |

Irvine developer Sares Regis is buying the sprawling Toyota office complex in Torrance that was formerly the Japanese car manufacturer’s North American headquarters.

The sale by Toyota of its 110-acre campus near the 405 Freeway is expected to close this month, according to people who know about…

L.A. Times – Business

Irvine Co. will make a pitch to put Amazon’s second headquarters in Orange County

September 9, 2017 |

Orange County’s Irvine Co. said Friday that it plans to bid for’s second headquarters, which Amazon says will employ up to 50,000 people.

Privately held Irvine Co. said it would work with the city of Irvine, a master-planned community developed by the company, to “submit a responsive…

L.A. Times – Business

From intern to CEO, 30 years later Wendy Rogers reaches the top at Irvine architecture firm

August 18, 2017 |

Wendy Rogers started at LPA Inc. as an intern. Now she’s the chief executive officer.
L.A. Times – Business

FBI raids controversial DNA testing company in Irvine

June 8, 2017 |

Agents for the Federal Bureau of Investigation on Wednesday morning raided Proove Biosciences, an Irvine company that sells a DNA test it claims can determine whether a patient is at risk of addiction to opioid painkillers.

In a press conference, FBI spokeswoman Cathy Kramer said the raid was part…

L.A. Times – Business

Chinese newspaper criticizes Trump’s choice of UC Irvine professor Peter Navarro as new trade advisor

December 24, 2016 |

A Chinese state newspaper on Friday accused a trade advisor picked by President-elect Donald Trump of “anti-China alarmism” and warned both sides would suffer if commerce is disrupted.

The China Daily editorial was more forceful and openly critical of economist Peter Navarro than China’s foreign…

L.A. Times – Business

Trump names UC Irvine professor and fierce China critic to new White House Trade Council

December 22, 2016 |

President-elect Donald Trump, signaling that he intends to follow through on his tough talk on trade, is establishing a new White House-based trade council to be headed by a vehement critic of China’s economic policies.

Trump on Wednesday named Peter Navarro, a Harvard-trained business professor…

L.A. Times – Business