Newport Beach

Economy

Newport Beach is home to one Fortune 500 company, insurer Pacific Life. Other companies based in Newport Beach include Acacia Research, Galardi Group (Wienerschnitzel), Chipotle Mexican Grill, The Original Hamburger Stand, Tastee-Freez, the Irvine Company, Jazz Semiconductor, PIMCO, and Urban Decay. Fletcher Jones Motor Cars in Newport Beach is the largest Mercedes-Benz dealership in the world. At one time Edwards Theatres had its headquarters in Newport Beach. Before its dissolution Air California was headquartered in Newport Beach. The city's largest law firm is Stradling Yocca Carlson & Rauth, with approximately 75 attorneys at its Fashion Island location. Toyota has a design center, Calty Design Research which is in Newport Beach and responsible for the exterior design of the 2nd, 5th, and 7th generation Celica, as well as some Lexus and Scion models.