Costa Mesa-based Ceradyne gets hefty holiday...

Costa Mesa-based Ceradyne gets hefty holiday order

Costa Mesa-based Ceradyne, Inc. announced on Dec. 19 the receipt

of a $9-million order for its Small Arms Protective Insert

lightweight ceramic armor system from the United States Defense

Logistics Agency.

Ceradyne, which develops, manufactures and markets advanced

technical ceramics for industrial, electronic, defense and consumer

applications, has scheduled shipments will begin in February and be

completed during second-quarter 2003.

The company is also planning a 40,000-square-foot expansion into

Irvine to allow them to meet the surge in armor requirements that has

recently occurred.

Newport real estate firm sells a $1.35-million property

Marcus & Millichap in Newport Beach announced the recent sale of

an apartment building in Garden Grove to a private investor in

Huntington Beach for $1.35 million.

The property is a 16-unit apartment complex about 19,221 square

feet on Palma Vista Avenue.

Marcus & Millichap is one of the largest commercial real estate

brokerage firms in the nation and focuses exclusively on real estate

investments. The firm has 34 offices nationwide and experienced sales

in excess of $6.4 billion last year. It was established in 1971 and

its employees have continually worked on perfecting a system for

marketing properties by combining product specialization, local

market expertise, research and analysis capabilities, technology and

established relationships with investors.