Biz News: Irvine Spectrum Center installing freeway-facing LED signs
The Irvine Spectrum Center is installing two light-emitting diode (LED) signs near the 405 and 5 freeways that will advertise the shopping and dining center’s tenants.
The signs are part of the mall’s ongoing $150-million reinvestment plan “to ensure it remains contemporary and a key economic contributor to the city of Irvine,” said Irvine Co. spokesman John Christensen.
“In the quickly evolving and highly competitive retail world, this new technology helps provide much-needed tenant identification at Irvine Spectrum Center in a regionally competitive marketplace,” Christensen said in a statement.
The signs were approved by Irvine’s Planning Commission in 2015, according to Christensen.
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Irvine Public Storage center in the works
Public Storage is nearing completion of Orange County’s largest storage facility at 16700 Red Hill Ave. in Irvine.
Once finished, the site will have more than 3,000 storage units spread over 10 acres. The final construction phase is scheduled to be finished by the end of July.
The facility had soft openings earlier this year and has units available.
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SpaceX signs lease for Irvine office
Space Exploration Technologies (SpaceX) recently signed a 63-month lease for an Irvine creative office.
The rocket and spacecraft company will be operating at 96 Corporate Park, near The District at Tustin Legacy.
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Bascom, Village Partners form new venture
The Bascom Group, a private equity firm in Irvine, and Village Partners, a real estate development company in Newport Beach, have formed a new joint venture called Village Partners Ventures LLC.
The group will focus on transit-oriented and mixed-use multifamily development opportunities in Southern California, with plans to invest $200 million in the next four years.
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Indiana company acquires Irvine electronics firm
Royal Adhesives and Sealants LLC of South Bend, Ind., has acquired Irvine-based Bacon Adhesives.
Bacon develops and manufactures electrical and thermally conductive adhesives for aerospace and defense communications, avionics, satellite and other applications, according to a news release.
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Wienerschnitzel offering specials for company’s 55th anniversary
Irvine-based Wienerschnitzel will offer chili, mustard or kraut hot dogs for 55 cents each in celebration of the company’s 55th anniversary Monday.
Customers can order up to 10 hot dogs for the 55-cent price.
Costa Mesa’s Wienerschnitzel is at 1951 Harbor Blvd.
Irvine has a location at 14705 Jeffrey Road, and Newport Beach’s restaurant is at 4501 Jamboree Road.