Stories for November 2001

Monday, November 26

FINANCE: NEW BANKER'S HAT - Investment Firms Form Restructuring Units

Investment banks are known to morph themselves according to changing times. When technology was hot, investment bankers hired tech analysts and deemed themselves tech bankers. After that came biotech bankers.

REAL ESTATE: De Young Buys Prandium Parcel in Anaheim Sports District

Costa Mesa-based De Young Construction Co. snatched up 4.1 acres in the heart of Anaheim's sports district with plans for an as yet undetermined 178,000-square-foot mixed-use project. But that will have to wait, for now.

Ingram Micro gets a contract to provide logistics services for SmartDisk

Santa Ana-based technology products distributor Ingram Micro Inc. has landed a contract to provide logistics services for Naples, Fla.-based SmartDisk Corp.

Waters Lakehouse offers a different waterside dining experience

Prices: Appetizers at lunch and dinner, $3.50 to $10.25; entrees $6.75 to $20.95; Sunday brunch, $12.95 to $14.95 (kids menu $8.95)

OC's retail market tightened in the third quarter

It's hard to get a grip on what is going on in the Orange County retail sector right now. Statistics show that consumer confidence is down. In addition, retail sales were significantly down in September and some well-known retail chains have declared bank

ECONOMY: Banner Year for Crisis Managers

The economic slowdown means new business for firms that help troubled companies turn themselves around. Some so-called crisis managers are reporting 100% growth in revenue this year.

A reader responds to Rep. Cox, in Letters

Congressman Chris Cox's Nov. 12 diatribe about runaway federal spending in response to the terrorist attack demonstrates much about the lack of leadership in the House, and GOP sentiments in general.

PEOPLE

Weekly Column

Wondering whether Comdex is still relevant, in the Technology column

"You can almost see the tumbleweeds," said one cabbie, shaking his head, as he pulled into the Las Vegas Convention Center for Comdex earlier this month. "It's dead."

MANUFACTURING: Cardboard Box Maker Sets Up in Buena Park

Cardboard box maker American Box Corp. last month paid $3 million for an industrial building at 6491 Caballero Blvd. in Buena Park. Beyond that, though, the company isn't letting much out of the box.

HMO-hospital disputes are pushing up OC health costs, in the Healthcare column

A new survey from Hewitt Associates LLC, a consulting firm with a Newport Beach office, showed that Orange County employers saw a smaller healthcare cost increase in the past year than their counterparts nationally. But those days may be over, the firm sa

TECHNOLOGY: Medical Technology Campus Proposed for Los Angeles VA Parcel

A new plan has emerged to build a 300,000-square-foot biomedical campus on 25 acres of the West Los Angeles Veterans Administration complex, where community leaders and area officials are in a long-running battle to limit development.

Calendar

- "Cable Business Journal" guest Jerry Mandel, president, Orange County Performing Arts Center. Check local listings for dates and times

Investment banks are adding restructuring units

When technology was hot, investment bankers hired tech analysts and deemed themselves tech bankers. After that came biotech bankers.

INSIDER: New Clubhouse Owner; Spitzer-Campbell Switcheroo in Offing

There's new life for the struggling Clubhouse in South Coast Plaza. Clever Ideas Inc., a restaurant marketing company that is trying its hand at restaurant operations for the first time, recently paid $11.4 million to beat out another Chicago-based outfit

TOURISM: Developer Planning Revamp of Buena Park Meeting Center

The Sequoia Conference Center in Buena Park may see a new fate yet. A year ago, a religious group wanted to buy the 239,000-square-foot facility and convert it to a Buddhist center. But the city shot that one down.

REAL ESTATE: McGwire Buys Diamond Lot at Shady Canyon

Now we know where Mark McGwire will be spending his retirement. Big Mac has closed escrow on a lot at Shady Canyon, The Irvine Company's toney masterplanned community.

FINANCE: Roth Capital Advises on King's Hawaiian Deal

Roth Capital Partners, Newport Beach, represented King's Hawaiian Enterprises in the sale last week of its frozen foods division to Pinnacle Foods Corp.

CKE Restaurants insiders see a turnaround and are buying up shares

Company insiders are betting it has. In recent weeks, William Foley, CKE's chairman, Chief Executive Andrew Puzder and company founder and chairman emeritus Carl Karcher have stepped up their buying of CKE shares.

TOURISM: Olympics Move Winter Trade Show to Anaheim

Orange County is set to play host to a new trade show this year, thanks to the 2002 Winter Olympics games.

ARV Assisted Living has been getting its house in order

Not too long ago, companies such as Costa Mesa-based ARV Assisted Living Inc. were among the investment community's love objects. But then something happened on the way to the retirement home.

PEOPLE: KUDOS

The Building Owners and Managers Association's Orange County arm recently held its 15th annual awards banquet. LBA Inc. was presented the office building of the year award for MacArthur Plaza at 19000 MacArthur Boulevard.

DINING: Dining by a Different Shore at Waters

Waters Lakehouse offers a different waterside dining experience.

WCB Properties buys a San Diego office center, in the Real Estate column

A joint venture of Newport Beach-based WCB Properties LP and Greenwich, Conn.-based Starwood Capital Group LLC has bought San Diego's Hazard Center for $70.8 million.

OC's Howard Roth is poised to become the state's chief economist

Sometime in December, the state of California will have its new chief economist,and he will be faced with steering the state through a sharp slowdown and a possible recession.

Contract Disputes Mean Higher 2002 Health Care Costs

A new survey from Hewitt Associates LLC, a consulting firm with a Newport Beach office, showed that Orange County employers saw a smaller healthcare cost increase in the past year than their counterparts nationally.

LETTERS

Congressman Chris Cox's Nov. 12 diatribe about runaway federal spending in response to the terrorist attack demonstrates much about the lack of leadership in the House, and GOP sentiments in general.

Finish Line sets up an OC office, in the Marketing & Media column

Santa Monica-based Finish Line Ltd., a post-production company that provides visual effects, motion graph design, compositing and finishing, has opened a 1,500-square-foot satellite office in Costa Mesa.

COMMENTARY:

Air Daschle - WILL FEDERALIZED AIRPORT SECURITY BE SAFER?

HUMOR: ARGUS

President Bush signed a bill to federalize airport baggage screeners. They will all be government workers. If this works out as well as the Post Office did, frequent flyers will soon be Federal Expressing themselves from Point A to Point B to save six hou

The two faces of Yamaha in OC: motorcycles and music

Cypress-based Yamaha Motor Corp., U.S.A., isn't complaining about business in the wake of Sept. 11.

The Red-, er, Greenlight Initiative in action, an Editorial

I suppose it should be, since each of us will be paying an extra $5 a trip to make it so. But we should have done much better than model a new airport security system on the Postal Service. Chalk up a big one for the unions, the bureaucrats and the Democr

REAL ESTATE: Churning Retail Market Tightens

OC's retail market tightened in the third quarter.

The Insider chats with the new owner of the Clubhouse

There's new life for the struggling Clubhouse in South Coast Plaza. Clever Ideas Inc., a restaurant marketing company that is trying its hand at restaurant operations for the first time, recently paid $11.4 million to beat out another Chicago-based outfit

EXECUTIVE SUMMARY: ECONOMIC INDICATORS

Mixed: OC home sales and prices in October, according to DataQuick Information Systems, which reported 3,909 sales, down 5.6% year-to-year, but a median price of $310,000 up $5,000 from September.

HEALTHCARE: Edwards Lifesciences Sees European Implants of Endovascular Graft

Irvine-based Edwards Lifesciences Corp. said four European patients received its Lifepath AAA Endovascular Graft on the first day of its availability there last week.

Chipmakers crumbled in the past year

Orange County chipmakers have learned that lesson. In the past 12 months, the 15 largest chipmakers here shrunk their ranks by 18%, or 984 people, to 4,479 local workers. That's according to this week's Business Journal list, which ranks chipmakers based

China's WTO entry is seen by most OC companies as an opportunity

"One pillow, two dreams," says an ancient Chinese proverb about business agreements. The phrase describes two dreamers resting on the same pillow,though one is dreaming one thing and the other something different. The proverb is fitting with China's entry

Fluor Corp. has started work on a high-speed rail project in the Netherlands

A unit of Aliso Viejo-based Fluor Corp. has started work on a high-speed rail project in the Netherlands.

TECHNOLOGY: Chipmakers Cut Local Employment by 18%

Life can't be chipper forever. Orange County chipmakers have learned that lesson. In the past 12 months, the 15 largest chipmakers here shrunk their ranks by 18%, or 984 people, to 4,479 local workers. That's according to this week's Business Journal lis

HEALTHCARE: Biomed Startup Looks to Cut Pain of Mammograms

If you want to know if there might be a market for Aliso Viejo-based BioLucent Inc.'s product, just ask a woman over 40. BioLucent, a venture-backed startup, makes the Woman's Touch MammoPad, a disposable foam cushion...

Real Estate Deals:

D.L. Long paid $3.7 million to CIM Brea Inc. for the 19,322-square-foot Birch Street Promenade building C at 210 Birch St. in Brea. More...

REAL ESTATE: WCB Venture Pays $71 Million for San Diego Tower

Sperry Van Ness Sells Nevada Apartments; OC Ranks 10th in Apartment Value.

Comdex: Reflections on Relevance at Tech's Big Umbrella

Wondering whether Comdex is still relevant? "You can almost see the tumbleweeds," said one cabbie, shaking his head, as he pulled into the Las Vegas Convention Center for Comdex earlier this month. "It's dead."

BioLucent is marketing pads to ease pain associated with mammograms

If you want to know if there might be a market for Aliso Viejo-based BioLucent Inc.'s product, just ask a woman over 40.

TECHNOLOGY: Ingram Micro Lands SmartDisk Contract

Santa Ana-based technology products distributor Ingram Micro Inc. has landed a contract to provide logistics services for Naples, Fla.-based SmartDisk Corp.

TECHNOLOGY: Intersil Chips Get Nod from Fujitsu Siemens

Irvine-based Intersil Corp. said it has been named a preferred supplier of power management chips by Fujitsu Siemens Computers for its computer motherboards.

TECHNOLOGY: Memory Prices Rebound, but For How Long?

The price for the most basic form of computer memory has gone up about 75% in the past few weeks, reversing a yearlong decline that has had noticeable effects on Orange County memory makers.

Mark McGwire buys a lot in Shady Canyon

Big Mac has closed escrow on a lot at Shady Canyon, The Irvine Company's toney masterplanned community.

ENGINEERING: Fluor Heading Up Work on Dutch Bullet Train

A unit of Aliso Viejo-based Fluor Corp. has started work on a high-speed rail project in the Netherlands. Fluor Infrastructure BV is working on the first phase of the Dutch High Speed Rail Project, a public-private project.

Roth Capital starts a money-management advisory service

Newport Beach-based Roth Capital Partners LLC has started a money management advisory service as part of its bid to diversify during tough times for investment banks.

De Young Construction buys a 4.1 acre Anaheim parcel

Costa Mesa-based De Young Construction Co. snatched up 4.1 acres in the heart of Anaheim's sports district with plans for an as yet undetermined 178,000-square-foot mixed-use project. But that will have to wait, for now.

The Outdoor Retailer show will move to Anaheim this year

Orange County is set to play host to a new trade show this year, thanks to the 2002 Winter Olympics games.

Finish Line Crosses Over to OC With Costa Mesa Office

Another L.A. player wants some Orange County action. Santa Monica-based Finish Line Ltd., a post-production company that provides visual effects, motion graph design, compositing and finishing, has opened a 1,500-square-foot satellite office in Costa Mesa

American Box Corp. is setting up shop in a newly acquired Buena Park building

Cypress-based Yamaha Motor Corp., U.S.A., isn't complaining about business in the wake of Sept. 11.

Executive Summary

Newport Beach voters rejected a proposed 10-story addition to the Koll Center Newport office park in the first referendum since the passage of the Greenlight Initiative, which requires citywide votes on major projects (see Editorial, page 74) The board

Semiconductor Makers

Semiconductor Makers

A new owner plans to renovate Buena Park's troubled Sequoia Conference Center

"You can almost see the tumbleweeds," said one cabbie, shaking his head, as he pulled into the Las Vegas Convention Center for Comdex earlier this month. "It's dead."

FINANCE: Roth Tries its Hand at Money Manager Services

Newport Beach-based Roth Capital Partners LLC has started a money management advisory service as part of its bid to diversify during tough times for investment banks.

Chip prices are on an upswing

The price for the most basic form of computer memory has gone up about 75% in the past few weeks, reversing a yearlong decline that has had noticeable effects on Orange County memory makers,

Monday, November 19

DGWB gets the St. Joseph Hospital account, in the Marketing & Media column

After sniffing around for new business, DGWB in Santa Ana landed a keeper: St. Joseph Hospital in Orange.

The Insider counts the ways the New Majority is giving out money

The New Majority is "rockin' 'n rollin,'" says chairman Tom Tucker. At the very least, they're spendin'. Membership in the executive-led, OC-based GOP support group ($10,000-a-year dues) has reached 118 despite a few economy-induced dropouts, Tucker says.

San Clemente is adding 1 million square feet of retail

Two big retail projects are planned for San Clemente with a new shopping center in the works and the expansion of another under way.

People

JBZ Architecture + Planning, Newport Beach, promoted Tu Hoang Do to senior associate and director of residential design. Previously, Do was an associate and senior designer. He joined JBZ in 1996 as a senior designer and was named an associate in 1999.

Real Estate Deals

Pinnacle Resources LLC paid $3.9 million to South Coast Senior Partners LP for the 60-unit Casa Pacifica Activa Senior Apartments at 2201 S. Pacific Ave. in Santa Ana. Raj Dewan of Marcus & Millichap represented both parties.

Recent nurses' union pacts put pressure on the area's hospitals

Key contract agreements reached between the California Nurses Association and Catholic Healthcare West at five Southern California hospitals could end up forcing other hospitals to give costly concessions to both union and non-union nursing professionals.

The Golden Dragon is a venerable, family-run OC landmark

Price: Dinner appetizers $3.25 to $6.95, entr & #233;es $5.75 to $10.50; 3-course lunch weekdays $5.25 to $7.50

Court Overin, director of the Action Sports Retailer trade show, has died

Court Overin, director of Laguna Beach's Action Sports Retailer Trade Show and vice president of VNU Expositions Sports Group, died Nov. 11 at San Clemente Hospital and Medical Center.

Steelcase cuts 110 jobs at its Tustin facility

Steelcase Inc., the designer and maker of workplace furniture, has laid off about 130 employees in recent weeks at its 985,000-square-foot Tustin facility,a nearly 17% staff reduction.

Exult had an Internet-based business idea that so far has worked

Madden, chief executive of Irvine-based Exult Inc., thought he could lure big companies to outsource their human resources operations with promises of big savings and an efficient, Internet-based operation.

C & D; Aerospace teams with Honeywell to go after cockpit retrofitting work

Huntington Beach aircraft products maker C & D; Aerospace said it could see a 10-fold jump in production of fortified cockpit doors if it gets at least part of a contract expected from The Boeing Co. and major U.S. airlines by year-end.

Beckman's new heart test meets cardiologists' toughened standards

Fullerton-based Beckman Coulter Inc. is looking to capitalize on an industry push to bolster the accuracy of heart testing with one of its newer diagnostic procedures.

Comdex was toned down this year but still the place to be for many OC firms

Comdex, the technology industry's annual Las Vegas exhibition, may have been the bash of year in the past, but it was more like a tea party this year.

SOMBER SURGE

It's not the way one would like to see business surge. But Keith Wagner, a star life-insurance salesman who plies Wall Street's West Coast on behalf of Milwaukee-based Northwestern Mutual Life Insurance, said he's getting unsolicited calls from customers.

OC Weekly editors can write too, in Letters

In his otherwise fine Nov. 12 Insider column, Executive Editor Rick Reiff refers to "several scathing articles in OC Weekly about businessman Eddie Allen's troubled finances."

Japanese executives are avoiding U.S. airlines

Several Japanese companies, with operations in Orange County, say they are avoiding U.S. airlines for business travel in the wake of Sept. 11.

OC venture funds are raising money much faster than they're spending it

Venture capitalists aren't investing like they used to. But they are raising money.

Calendar

- "Cable Business Journal" guest Jerry Mandel, president, OC Performing Arts Center. Check local cable listings for dates and times

Davis, in a glass house on energy, still throws stones at Riordan, an Editorial

The Capitol Morning Report, a newsletter for Sacramento insiders, recently quoted Davis campaign advisor Bob Mulholland in this taunt at Richard Riordan:

Guthrie has sold six Anaheim buildings to owner-users

After completing the Lakeview Business Park in Anaheim this summer, Guthrie Development Co. has sold the six-building, 165,000-square-foot industrial complex for nearly $14 million to individual owner-users.

Savings & Loans

Savings & Loans

A Flour Corp. joint venture will help build an offshore oil rig in Angola

Aliso Viejo-based Fluor Corp. and London-based AMEC PLC last week received a contract from South Korea's Hyundai Heavy Industries to design and manage a major portion of what will become the world's largest deep-sea crude oil production facility.

OC chipmakers are buoyed by Cisco's lastest results, in the Technology column

Accesspoint Hits $150M Mark; Odetics Expands in Texas as Slutzky Steps Back

PacifiCare outlines its plans for Wall Street, in the Healthcare column

PacifiCare Health Systems Inc., Santa Ana, has been working to get over a difficult stretch in the past year and a half. Earlier this month, a company official shared with a Wall Street audience what PacifiCare's been doing.

The state is seeking to renegotiate its long-term electricity contracts

The state is looking to renegotiate billions of dollars worth of power contracts under which the state is paying anywhere between $58 and $249 per megawatt hour of electricity.

SAVINGS GRACE

Benefiting from a stock market rollback that convinced some investors to put their money elsewhere, Orange County's largest savings and loans reported an 8% increase in local deposits in the 12 months ended June 30, according to the Business Journal list.

McCarthy completes its work on Hollywood's new landmark, in the Real Estate column

Kensington Does Two Sales Worth $28M; Bascom Buys Pinetree Apartments in Montclair

The economic downturn moderated the L.A. market in the third quarter

According to newly revised economic projections, the fabric that weaves together the local economy may place Los Angeles in a position to ride out a recession better than other major metropolitan areas around the country.

Nature's Best has expanded its Brea operation

Health foods distributor Nature's Best has added 60,000 square feet in an expansion of its Brea headquarters, bringing its total space there to just more than 300,000 square feet.

Executive Summary

Fannie Mae committed $50 billion over five years to finance affordable housing in Los Angeles and Orange counties California Legislative Analyst Elizabeth Hill forecast a $12.4 billion shortfall in state revenue in the current and next fiscal years; Gov

The St. Regis sees business picking up after September's shocks

Timing wasn't on the side of the St. Regis Monarch Beach Resort in Dana Point, which opened to a soft economy that grew sharply worse after Sept. 11.

Monday, November 12

GeoLogistics gets a $67.5 million infusion from turnaround investor Questor Management

GeoLogistics Corp. said turnaround investor Questor Management Co. has bought $67.5 million worth of the Santa Ana-based logistics company's stock.

Insurance Brokers

Insurance Brokers

MyDrugRep names a new chairman and chief executive

V. Brewster Jones is the new chairman and chief executive of MyDrugRep Inc., a Newport Beach-based company that provides pharmaceutical information to hospitals, doctors and pharmacists. Company founder Quang X. Pham, who had been MyDrugRep's chairman and

NO MORE FREE LUNCH

Free lunches, rumpus rooms with shuffleboard and other trappings made legendary in the late '90s by the dot-com sector largely have become a thing of the past. More important, signing bonuses and other up-front inducements no longer are widely available.

The state's female leaders may save it yet, an Editorial

Public Utilities Commission chairwoman Loretta Lynch negotiated the Edison bailout so thoroughly that Gov. Gray Davis was left with little more to do than scratch his head over the sudden good fortune. (I've disagreed with Lynch's partisan alibis for why

Calendar

- "Cable Business Journal" guest Jerry Mandel, president, OC Performing Arts Center. Check local listings for dates and times

Apple Computer Opens a Newport Beach store

Apple Computer Inc. was set to open a retail store in Fashion Island on Saturday.

Real Estate Deals

Irvine real estate investor Wohl Investment Co. paid $2.7 million for the 50,200-square-foot Legacy Business Center at 301 State College Blvd. in Fullerton acquired from Legacy Partners, also in Irvine. Alan Buchanan of Lee & Associates' Orange office rep

Anaheim Gateway may be the last big-box industrial project for a while

Newport Beach-based The O'Donnell Group is completing construction on a 192,000-square-foot building in Anaheim's industrial sector. Developed on a speculative basis, the big box might feel a certain kinship with the dinosaurs that watched that big meteor

People

Robbins Jorgensen Christopher, Newport Beach, appointed Kristine Steffen director of interior design. Steffen has more than 14 years of architecture and design experience, with expertise in the corporate, entertainment and hospitality sectors. Steffen wil

Who will pay to clean runoff headed to the ocean is a multibillion-dollar question

Everyone agrees that Orange County has a problem with storm water running into the ocean and fouling the county's beaches. But what to do about it and who should pay for the fix are multibillion-dollar questions.

Advocacy groups are preparing sales-tax initiatives to fund state programs

Proposals for two quarter-cent sales-tax hikes are circulating in Sacramento and could show up on the March ballot.

The Insider offers a sober assessment of would-be Spectrum restaurateur Dennis Rodman's chances

With The Irvine Company giving the cold shoulder to Dennis Rodman's bid to take over Sloppy Joe's restaurant in Irvine Spectrum, why doesn't Rodman turn his attention to The Block at Orange, where a nightspot featuring celebrities, busty waitresses, drag

GOING UP

The 22 biggest insurance companies in Orange County increased local revenue for the year ended June 30 by 15%, beating the 12% growth recorded a year ago, according to this week's Business Journal list.

Mimi's Cafe plans 10 to 12 new outlets in the next year

Don't let the whimsical French country farmhouse theme fool you: Mimi's Cafe says it is bullish about expanding.

Health industry M & A; deals fell in the third quarter, in the Healthcare column

Assisted-Living Site Sprouts in Aliso Viejo; OC Agencies Get Federal Money

Inland Empire vacancy rates rose in the third quarter

During the third quarter, the Inland Empire industrial market delivered 46 buildings totaling 6.8 million square feet of completed industrial product. The deliveries pushed the vacancy rate up to 4.4% despite approximately 7.9 million square feet of gross

Executive Summary

Rancho Mission Viejo unveiled a plan for its 25,000 undeveloped acres that envisions 14,000 homes in planned communities that also would include schools, shopping centers and other amenities, as well as the preservation of 14,000 acres as permanent open s

Allied Manufacturers is moving to Corona

Allied, which makes everything from bicycle frames to parts for the aerospace, automotive and computer industries, will move to a 24,000-square-foot building in the Palisades Business Park, said Larry Null, senior vice president with Lee & Associates in R

Endocare plans a secondary offering

Endocare Inc., an Irvine-based medical device company, has caught Wall Street's eye thanks to technology that kills cancerous tissue by freezing it. That has the company looking to tap the public market once more.

Opus West has started on a 130,000-square-foot Brea office building

The Irvine office of Phoenix-based Opus West Group has started work on a $21 million, 130,000-square-foot Brea office building.

Conexant shelves the planned spin off of its Mindspeed unit

Slumping sales at Mindspeed Technologies,a once fast-growing maker of networking chips,have prompted Conexant Systems Inc. to indefinitely shelve plans to spin off the unit as a separate publicly traded company, a spokesman said.

Zagat debuts an OC dining guide this year

The industry figures are in according to Zagat. The new Zagat Orange County Dining Guide is now on the bookstore shelves, as are guides covering other major cities. This is, in fact, the first time that OC is not the tail of the L.A. Zagat Guide, and has

Lawrence & Ponder lands FileNET work, in the Marketing & Media column

Lawrence & Ponder Ideaworks, formerly Lawrence, Mayo & Ponder, has opened a satellite office and nabbed two accounts worth about $4 million.

Hyundai has solidly established itself in the U.S. market

As if cracking the U.S. market and tackling quality concerns weren't enough, Fountain Valley-based Hyundai Motor America is staring down a whole new set of challenges.

Domestic-spending hikes could undermine the war on terrorism, a Viewpoint

As Sept. 11 and its aftermath are reminding us, the primary responsibility of the federal government is to protect the nation's security. Supporting our military, intelligence, and homeland defense is and always should be our first priority. Rapid, unsust

Some OC names will be no-shows at Comdex this week

In past years, the story about Comdex,technology's annual party in Las Vegas getting under way this week,was what companies planned to do there. This year it's whether they're going at all.

Peter Dolbee joins Haskell & White

Former Ernst and Young partner Peter G. Dolbee Jr. has joined Irvine-based Haskell & White to head that firm's corporate tax services group.

RISKIER BUSINESS

Before the Sept. 11 terrorist attacks, Lowe Enterprises Inc., a Los Angeles based property management company, was facing a 28% hike in its property insurance. Following the attacks, which could cost the insurance industry as much as $70 billion, all bets

Olen buys the Kilroy Technology Center, in the Real Estate column

Buchanan Street Sees $1B in Deals This Year; Western Pacific Buys Brea Lots

Chipmakers hope sales of gadgets, phones and PCs will rise, in the Technology column

Scoff if you will, but handheld devices along with personal computers stand to be the savior of the troubled technology industry, according to the president of the San Jose-based Semiconductor Industry Association.

Allergan plans a 172,000-square-foot R & D; facility at its Irvine campus

Drug maker Allergan Inc. is planning a large research and development expansion at its Irvine headquarters.

Monday, November 5

Two OC investors had very different experiences with NextCard

Behind last week's news that San Francisco-based NextCard Inc. is up for sale is a tale of two Orange County investors.

Iomega picks San Diego over OC for its new headquarters

Iomega Corp. said it has picked San Diego over Orange County as the relocation spot for its corporate headquarters.

Lease rates fell in the high-rise market in the third quarter

The high-rise office market is defined by high profile, high-quality projects that tower seven stories or greater in height. The Orange County market includes more than 24 million square feet of high-rise office space, 64% of which is concentrated in the

Theme parks are facing more regulation as accidents are publicized

If it seems you've been hearing more about theme-park accidents in the past two years, you have.

The Insider hears the Capital Group hired I.M. Pei to design its Irvine facility

It sounds like one heck of a back office: The Insider is told that Capital Group Cos. has retained renown architect I.M. Pei to design the office building it wants to put in Irvine. As Daniel Williams disclosed two weeks ago, Capital Group, the L.A.-based

Real Estate Deals

Colton Properties Inc., Irvine, plans to acquire for undisclosed terms the 192,575-square-foot Bank of America Plaza in downtown Tucson from Salt Lake City-based Property Reserve Inc.

MBA BUTTERFLIES

With a slowing economy worsened by Sept. 11, Orange County business schools are watching their MBA application and enrollment numbers for fallout from the uncertain environment.

Faris Lee sees a flight to retail properties, in the Real Estate column

OC Office Vacancy Rate Hits 11%; Park Place Sells Inland Empire Housing Lots

Despite barbs, Intersil rolls along, in the Technology column

A friend of mine who worked in the research department at Banc of America Securities once told me that writers, not accountants, make the best analysts.

CorVel finds steady though unspectacular growth in the workers' comp niche

Irvine-based CorVel Corp. is one company that isn't fretting over higher healthcare and other insurance costs.

Unisys' OC operation waits for word as the company downsizes

As Unisys Corp. prepares to make deep staffing cuts, the Blue Bell, Pa.-based company's 1,000-employee technology division in Mission Viejo could be in for a hit.

Dennis Rodman plans to take over Sloppy Joe's in the Irvine Spectrum Center

The National Basketball Association season tipped off last week. But Dennis Rodman, the former Chicago Bulls and Los Angeles Lakers star rebounder, is turning his efforts to becoming a player in the restaurant business.

HITTING THE BRAKES

The state budget crunch could slow down the University of California, Irvine's ambitious expansion plans and lead to an increase in student fees at California State University, Fullerton.

Attorneys say public companies have to be careful how they report the effects of Sept. 11

With earnings season under way, local corporate attorneys warn that the Securities Exchange Commission will take a dim view of public companies that reach too far in using the Sept. 11 terrorist attacks and their aftermath as an excuse for poor performanc

TESTING TIMES

The economic slowdown that began last year in the technology sector is posing a severe test for for-profit technical schools that had been riding the expanding tech bubble in the '90s.

Beyond Sept. 11, in Letters

In any tragedy, corporate leaders must first demonstrate calmness and reassurance to employees, customers, shareholders and communities who look to them for leadership and confidence during a time of crisis. But in the aftermath of tragedy the magnitude o

Vito, we hardly knew ye

This is the tale of the proverbial "last supper." We had it, and we were overjoyed for the evening, and then our newfound gem evaporated. Just like that!

The challenges of genomics, in the Healthcare column

Genomics,the medical application of genetic research,is expected to usher in what some have called an era of personalized medicine, where pharmaceuticals and treatments can be tailored to a patient's specific makeup.

Corning cuts jobs in OC

Beleaguered Corning Inc. has laid off a quarter of its staff at its Garden Grove and Cypress facilities as part of a larger companywide bid to deal with a dramatic slowdown in business.

MBA Schools

MBA Schools

Calendar

- "Cable Business Journal" guest Jerry Mandel, president, OC Performing Arts Center. Check local listings for dates and times

Some John Wayne Airport traffic now flies over South County

Is it a bird? No, it's a plane,a commercial jet, flying though once-quiet skies above Irvine, Laguna Beach, Lake Forest and Mission Viejo.

Cynthia Tusan handles $1 billion in global investments for Wells Fargo

Cynthia Tusan says she can get top executives at Toyota Motor Corp., Nintendo Co. and other global powerhouses on the phone within 24 hours, if needed.

Hines Horticulture wants to sell a unit to pay down debt

The Irvine-based nursery products company has bought a dozen local and regional companies since 1993. But now Hines is seeking to pay down its debt,which as of June 30 was $274 million, equal to 62% of its $441 million in sales for the past 12 months.

People

Greg Coghill was appointed chief operating officer of Wimberly Allison Tong & Goo, Newport Beach. Coghill joined Wimberly Allison in 1983 and previously was senior vice president and managing director of the Newport Beach office. He will oversee architect

Green Tea Terrace Inc. opens the first of a planned national chain of teahouses

Irvine-based Green Tea Terrace Inc. opened the first of a planned national chain of teahouses in Westwood this month.

Executive Summary

Asita Technologies Inc., Irvine, raised $24 million in a second round of venture funding led by Softbank Europe Venture and ETF Group A federal appeals court blocked implementation of Southern California Edison's lawsuit settlement with the state Public

Retailers are hoping for the best but expecting somewhat less for the holidays

Santas and carolers still are heading to local malls this year, but retailers are singing a different jingle about the upcoming holiday season.

Registered Representative moves to New York, in the Marketing & Media column

Registered Representative, an Irvine-based monthly magazine for retail stock brokers that is owned by NewYork-based Primedia Business Magazines & Media Inc., recently said it will close its 2,000- to 3,000-square-foot local office and move to New York.

Newport Beach is back almost to square one in courting Japanese visitors

When Bridget Lindquist, sales director of Newport Beach Conference & Visitors Bureau, came back from her five-day sales trip to Japan on Sept. 9, things looked good.

Analysts say Sanmina is likely to close its Irvine facility

Four months after announcing plans to buy contract electronics manufacturer SCI Systems Inc., San Jose-based Sanmina Corp. could be looking to close its 400-employee Irvine plant, according to analysts.