Developers of The Source – the 12.5-acre retail, restaurant and entertainment complex under construction on Beach Boulevard in Buena Park – plan a partnership with YG Entertainment, a South Korean entertainment management firm.

YG’s most famous client is Psy, whose “Gangnam Style” video on YouTube launched the performer to international prominence. The video, on one YouTube channel alone, has more than 1.9 billion hits.

The company also represents 2NE1, a South Korean all-girl band that also has had success in the U.S.

Pending city approval, YG wants to add YG Land, a 2,000-seat performance venue that would include a recording studio and a nightclub, said Katie Wanamaker, spokeswoman at The Source.

The Source, at the northeast corner of Orangethorpe Avenue and Beach Boulevard, has been under construction for months and is slated to open in early 2015, Wanamaker said.

The complex will include stores, restaurants, a 1,200-seat movie theater, a hotel and office space.

The partnership with YG will help The Source lure non-U.S.-based retailers and restaurants “looking to break into and establish a foothold with the U.S. consumer market,” a press release said.

For information on The Source, go to sourceatbeach.com.

– Lou Ponsi

On the move

Shana Alexander has joined the Chamberlain Group, a financial services firm in Irvine, as chief operating officer. She previously served as first vice president and senior director of the family office and advisory solutions at BNY Mellon.

Plaza Bank, a community bank based in Irvine, welcomed back Chris Rabenold as vice president and business development officer. Rabenold, who will be based in Los Angeles, returns to the the company after leaving in 2012 to join Greystone Servicing Corp. as managing director.

New ventures

GPG Advisers, an Irvine professional services firm, has purchased Palazzo Inc., a firm in Denver that helps companies acquire, integrate and roll out software. Palazzo owner Ira Frosch joins GPG as executive director. He also will lead the company’s JD Edwards practice. Terms of the transaction were not disclosed.

Johnny Rockets, an Aliso Viejo hamburger chain, opened its second Malaysian location in Kuala Lumpur. It’s the franchise’s 11th location in Southeast Asia. The company also signed an agreement with Fun Foods LLC to open its first Johnny Rockets in Hawaii and Guam.

Jamboree Housing Corp., a nonprofit housing developer in Irvine, broke ground on a 132-unit apartments property in El Monte. The project is the first phase of the El Monte Gateway, a 14-acre, transit-oriented urban community. The four-story structure will be built atop a level of underground parking. When the apartments are completed in July 2015, it will house low-income families, with monthly rents ranging from $466 to $1,184, dependent on household size and income. The project is Jamboree’s first partnership with the city of El Monte and its third transit-oriented development in Los Angeles County.

Sabra Health Care REIT Inc., a real estate investment trust in Irvine, exercised an option to acquire two skilled nursing facilities in Colorado Springs, Colo., and Fort Pierce, Fla., for $24.5 million from an affiliate of Chai Facilities Acquisition Company LLC. The two facilities have a total of 254 licensed beds.

The Ensign Group Inc., the Mission Viejo parent company of the Ensign group of healthcare companies, acquired Horizon Post-Acute and Rehabilitation Center, a 196-bed skilled nursing facility in Glendale, Ariz. Details of the cash transaction were not disclosed.

Good works

Blizzard Entertainment, a video game maker based in Irvine, donated $1 million to the Make-A-Wish foundation, a nonprofit that grants wishes of children with life-threatening medical conditions. The funds came from the November and December sales of a virtual pet named Alterac Brew Pup that could be used in the company’s “World of Warcraft” game. For every $10 pet sold, Blizzard gave $5 to the foundation. Blizzard sold 200,000 of the dribbling, digitized dog in two months. The pup serves “Mulled Alterac Brandy” to Warcraft players and can be used in pet battles.

UST Global, an Aliso Viejo-based information technology company, has launched its “Step IT Up America” in Los Angeles. The nationwide program, which is live in Atlanta, Philadelphia and Detroit, is an initiative to train and hire 1,000 minority women in jobs related to science, technology, engineering and mathematics by the end of 2014. Program participants are required to complete a paid, 12-week training course that meets 8:30 a.m. to 5:30 p.m. Monday through Friday. Interested L.A. applicants should submit a resume to stepitupamerica@ust-global.com.

Overheard

“I often asked her about her recommendations for pet food stocks, and she frequently responded — one meow for ‘no,’ two meows for a ‘you bet.’ She was less certain about interest rates” — Bill Gross of Pimco talking about his recently-deceased cat, Bob, in his monthly market outlook

Staff writer Kathleen Luppi contributed to this report.