Biz News: Z’Tejas closing at South Coast Plaza
Z’Tejas Southwestern Grill in Costa Mesa’s South Coast Plaza is closing on Aug. 29.
News of the closure follows the Scottsdale, Ariz.-based company’s bankruptcy filing in July.
In a statement issued last month about the bankruptcy, the company president and CEO, Steven Micheletti, said Z’Tejas will restructure its long-term debt and other financial obligations.
In an interview this week with the Orange County Register, Micheletti said closing the Costa Mesa restaurant — the chain’s only location in California — made financial sense. He said the South Coast Plaza location is profitable but not to the extent of the other restaurants in Arizona and Texas, which will remain open.
Z’Tejas opened in Costa Mesa in 2001. The chain offers food inspired by Spanish, Mexican and American Southwestern cuisine.
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Women’s store opens in CdM
A new women’s clothing and accessory store has opened up shop in Corona del Mar.
Bella del Mar is at 2828 E. Coast Hwy. and is owned by Brittany and Derrick Linder.
The store offers a curated selection from various brands and employs sales associates with styling and fashion backgrounds.
For more information, visit www.belladelmarboutique.com or call (949) 524-3078.
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New women’s consignment store
A new women’s consignment store recently opened in downtown Costa Mesa.
So-Lo Boutique, 112 E. 18th St. Unit A, took over the space previously occupied by Kim’s Closet.
Owner Lois Smith also offers special events and said an in email that customers will be welcomed by Cooper, a goldendoodle who is the store mascot.
For more information, visit www.soloconsignment.com or call (949) 642-3037.
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New president at CapRock Partners
CapRock Partners, an Irvine-based commercial real estate investment firm, recently announced that Jon Pharris, its co-founder and director of acquisitions, is now company president.
Pharris will continue spearheading all acquisitions for the firm’s investment funds, as well as design and deploy new commercial real estate funds, according to a news release.
“Over the past six years, CapRock Partners has achieved exponential growth, not only exceeding expectations on returns for our investors, but also evolving our business plan. ... Jon has been instrumental in this expansion and evolution and, along with the rest of our industry-best team, will continue to ensure CapRock stays on the forefront of innovative and profitable commercial real estate investment,” CapRock Partners Chairman Jerry Pharris, Jon’s father, said in a statement.
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Depressed Cake Shop comes to Costa Mesa
The Depressed Cake Shop is making a stop Saturday in Costa Mesa.
The pop-up shop will sell gray cakes and other baked goods to raise funds for the Mental Health Assn. of Orange County, a Costa Mesa-based nonprofit.
The shop, organized by Melissa Larob, will be set up at 270 Baker St., Suite No. 200.
The Depressed Cake Shop was established in 2013 in the United Kingdom and has raised more than $70,000 for charities around the world.