Biz News: Newport firm wins award for Outlets at San Clemente
Craig Realty Group, based in Newport Beach, received a Superior Performance in Real Estate (SPIRE) Award for new construction from Commercial Real Estate Women-Orange County, according to a news release.
Craig was recognized for its Outlets at San Clemente development, which will span 668,000 square feet once completed and was nearly 20 years in the making.
“This is a tremendous honor in the project’s first year of construction eligibility — one that builds on an award-winning foundation,” company President and Chief Executive Steve Craig said in a statement. “While the road to where we are today was hard-won, we could not be more proud of the destination that has emerged and look forward to serving the community as a gathering place to shop, dine and experience world-class events with friends and family.”
The SPIRE Awards ceremony took place March 10 at the Center Club in Costa Mesa.
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New Directions for Women event set at Balboa Bay Club
New Directions for Women, a nonprofit helping mothers and single women with drug and alcohol rehabilitation, will have its eighth Circle of Life Breakfast, a fundraiser, on Monday at the Balboa Bay Club in Newport Beach.
For more information, visit newdirectionsforwomen.com or call (949) 313-1192.
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Business seminar coming to Irvine Improv
Facebook, the Irvine Chamber of Commerce and the National Assn. of Women Business Owners will present a free seminar called “Boost Your Business” at 9:30 a.m. Wednesday at the Irvine Improv, 527 Spectrum Center Drive.
It will focus on female-owned small businesses and will include remarks by Rep. Mimi Walters (R-Irvine).
For more information, visit fbirvine.eventfarm.com. The event is sold out, but a wait list is available.
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Avanath acquires two affordable-housing properties
Avanath Capital Management LLC, an Irvine-based real estate investment firm that specializes in affordable and workforce housing, has acquired two affordable-housing properties in Washington state and Oakland.
Silver Springs, a 251-unit property, is in Kent, Wash., a Seattle suburb.
Oak Village, a 117-unit property, is in Oakland’s Oak Center neighborhood, near downtown.
“The Seattle metro is booming with potential, making it a highly competitive market that is extremely attractive for investors,” John Williams, Avanath’s president and chief investment officer, said in a statement.
“In addition, our Oak Village acquisition boasts a prime location in a market with access to thousands of jobs in the tech and financial industries. Given the strong correlation between job creation and rent increases, these acquisitions demonstrate our commitment to targeting markets where affordable housing is most needed.”
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Sourcing Solutions gets new senior vice president
Sourcing Solutions LLC, a Costa Mesa-based provider of alternative technology solutions for enterprise computing and data center operators, named John Casalaspi as its senior vice president of sales and business partner development, according to a news release.
He will be tasked with growing the company’s product portfolio and sales channels.
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Irvine man promoted at Pacific Life
Irvine resident Tristan Fontugne was recently promoted at Newport Beach-based Pacific Life Insurance Co. to be its assistant vice president of promotions.
Fontugne, who has been with Pacific Life since 2008, will be responsible for designing, pricing and implementing life insurance products, including reviewing and improving pricing guidelines and standards, and developing and implementing procedures to enhance quality control, according to a news release.
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Newport man appointed to Easter Seals board
Newport Beach resident and Irvine banking executive David Wolf was recently appointed to the board of directors of Easter Seals Southern California, a Santa Ana-based nonprofit that helps people with disabilities and special needs.
Wolf is regional vice president for Orange County at American Business Bank.
“I believe strongly in the work Easter Seals Southern California does for diverse communities throughout Southern California,” Wolf said in a statement. “I’m looking forward to contributing my knowledge to the board and helping to identify new opportunities for growth and development.”