Sports / ArcaMax

Kobe Bryant to set his firm's headquarters in Newport Beach

Kobe Bryant's new company is setting up shop in the famed basketball player's hometown. Council members authorized the sale Tuesday of a city-owned property in west Newport Beach, Calif., to Kobe Inc. for use as a global headquarters. The roughly 1-acre site, at 1499 Monrovia Ave., includes a 16,550-square-foot office building, where Road and Track Magazine used to operate. It was sold for $5.8 million. "I am thrilled Mr. Bryant chose Newport Beach," Councilman Keith Curry said. The office building will be refurbished and remodeled, said Kobe Inc. President Andrea Fairchild, who now also lives in Newport Beach. "We look to be a very vibrant member of the community," she said. In ...

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