Published: December 01, 2009
Best and worst O.C. business stories in 2009, continued ... JULY BEST > The Dana Point Planning Commission approves the Ritz-Carlton Laguna Niguel’s plans to add 27 guest rooms and new meeting space to the luxury property. <<< Orange County’s median home price increases by 9 percent. > Irvine is named the nation’s safest city for the fifth straight year. > The Orange County Fair kicks off in Costa Mesa. This year’s three-week super fair is expected to be a business bonanza for Orange County. WORST >
The St. Regis Resort in Monarch Beach goes on the auction block, the
result of a foreclosure. The five-star destination’s owner, Newport
Beach-based Makar Properties, is said to be in default on a $70 million loan from Citigroup Global Markets. No one buys the luxury property. > UCI cuts five sports from its athletics program. > Orange County lands on Forbes’ list of worst places to get high-paying jobs. > Orange County sees its biggest consumer price index drop in nearly 60 years. > George Fullerton of Fender Guitar dies at the age of 86. AUGUST BEST <<< UC Irvine School of Law opens, with nationally recognized attorney Irwin Chemerinsky serving as dean. > The city of Irvine continues to enjoy national attention as a hub for entrepreneurs, money and business, with nods from Inc. magazine and CNNMoney.com, which says it’s a great place to live if you’re rich and single. > It’s a record-breaking month for Orange County auto sales, thanks to the Cash for Clunkers program. > Pretend City Children’s Museum opens and welcomes 19,634 visitors during its first month of life. WORST >>> Orange County’s favorite son Tiger Woods loses the PGA Championship.
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Click HERE to see a list of the 15 Orange County-based companies that made Inc. magazine’s list of the 500 fastest-growing businesses.