Shifts More Personnel Towards Business Development Costa Mesa-based Pacific Mercantile Bancorp reported fourth-quarter net income jumped to $3.7 million from $440,000 in the same period a year ago. “Our strong fourth-quarter operating results reflect the continuation of improved financial performance resulting from our efforts to lower our cost of deposits, reduce our cost structure, and improve our ability to attract new operating companies to the Bank,” CEO Brad Dinsmore said in a statement. In 2020,…

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Since Jared Wolff in 2019 became CEO of Santa Ana-based Banc of California Inc., the second biggest in Orange County, he’s focused on lending to the real estate and health sectors. He’s dumped expensive pet projects of previous executives such as the naming rights to a new soccer stadium in downtown Los Angeles. The results became evident in the fourth quarter when the company reported net income climbed 70% to $17.7 million from the same…

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Costa Mesa Marriott

The comprehensive collection of ten well-known luxury and family-style hotels located in South Coast Metro, Orange County’s Urban Center, are reaching out to families and friends with special values during the holidays that are sure to appeal to every need, style, preference and budget. The rates are valid until December 30, 2020, subject to availability. Here are the hotels and details: Avenue of the Arts Hotel 3350 Avenue of the Arts 15% off standard rate…

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Brad A. Johnson’s Best Places to Eat in Orange County 2020 The Orange County Register has begun rolling out the sixth edition of Brad A. Johnson’s guide to the Best Places to Eat. Several of South Coast Metro’s restaurants are included in the guide. Instead of the usual ranking of Brad’s 75 favorite restaurants, this year’s Best Places to Eat is roadmap to dining well and putting food on the table during the pandemic. To…

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Kearny Real Estate Company’s Elevate@Harbor recently joined the South Coast Metro Alliance, a nonprofit corporation including over 60 office property owners, hotels, apartment home communities, arts organizations, universities, retail centers and major companies located in Orange County’s South Coast Metro (encompassing north Costa Mesa/south Santa Ana). Los Angeles-based Kearny Real Estate, a vertically integrated company specializing in the acquisition, development, asset management and property management of office, industrial and land assets in Southern California, invested over $20…

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