Stories for June 2002

Monday, June 24

Marie Callender Relocates

Marie Callender Pie Shops Inc. has moved its headquarters from Orange to Aliso Viejo.

Western Digital Sees Rally Succumb to New Worries

Lake Forest-based Western Digital Corp., one of last year's big turnaround stories, has done another about face on Wall Street.

Sir Speedy Zooms Into China

Sir Speedy Inc., a Mission Viejo franchiser of digital printing centers, said it plans to open 200 centers in China in the next five years.

Real Estate Deals

Real Estate Sales and Leases

OC, L.A. Rank Seventh in Biotechnology Companies

UCI Researcher Pursues Earwax Gene Link to Cancer; PacifiCare Inks Handheld Deal

PEOPLE

People in the News, on the Move

U.S. Education Gets $50 Million to Buy For-Profit Colleges

Irvine-based U.S. Education Corp. has raised $50 million from Newport Beach-based ClearLight Partners LLC and Chicago's William Blair Capital Partners LLC in what is Orange County's largest private funding this year.

WEST COAST WRAP

Irvine-based senior services company AccentCare Inc. says an East Coast expansion is in the works now that the company has wrapped up its buy of Torrance's Just Right Home Care Inc.

Asics Butt of Own Joke in First TV Spots in a Decade

Johnson Gray Wins Mission Hospital Work; Freedom Presses Rolling With Lakers Book

Buena Park Lumber Acquired by Ganahl

Anaheim lumber and building products retailer Ganahl Lumber Co. has acquired Buena Park Lumber, bringing the company's lumberyards to eight.

Venture Investors Were "Capital Managers" in Q1

Summary of this week's List - Orange County Venture Capital Firms

New Century Surges on Refinancing Boom

Few Orange County companies seem to have benefited as much from lower interest rates as Irvine-based New Century Financial Corp.

Grubb Closes in San Diego, "Healthy" in OC

The recent closing of Grubb & Ellis Co.'s San Diego office comes after years of steady decline for the brokerage there, though it isn't likely to impact its Orange County operations, sources say.

Pipeline Hopes to Tap Venture Capital Market to Rebuild Sales Force After Year of Workforce Cuts

Pipeline Software Inc. says its software already helps chipmakers manage their business dealings with suppliers.

Allergan Spinoff Set to Debut

A slow-and-steady medical products company may not be sexy, but it may just hit the spot in the stock market these days.

Gigante Signs Leases for First OC Markets

Mexico's Grupo Gigante SA de CV last week signed leases for its first two Orange County supermarkets and is looking to open up to five more OC stores...

Paul Fleming's Latest Asian Venture is a Casual Affair

Rising Star to Coach Wanna-be Cooks; Kang, Lawry's to Open in South Coast Plaza

HOOP DREAMS

Oakley Takes Aim at Nike's Basketball Shoe Dominance

OC INSIDER: Last OC Exec Exits Amerisource; Update from Rudy

OC Insider by Rick Reiff

Comment: Death-Tax Watch

Commentary by Rick Reiff

ARGUS

Humor by Argus Hamilton

Stradling Lures Lawyer for Life Sciences Push

Newport Beach law firm Stradling, Yocca, Carlson & Rauth has lured a drug and medical device veteran to step up its medical technology practice.

XO Could Consolidate in OC in Wake of Bankruptcy

Reston, Va.-based XO Communications Inc. could move people from Los Angeles and San Diego to its Santa Ana office in the wake of the company's bankruptcy filing last week, a company source said.

Real Estate Watch: South Orange County

Signs of Rebound as Office Tenants Head for South County

Special Report: OC Money

Special Report: OC Money - Directory of commercial banks, investment banks, equipment leasing and financing firms and factoring companies.

Multi Facets Labs Moves Optical HQ to Anaheim

Multi Facets Labs Moves Optical HQ to Anaheim

Santa Ana Park Nearing Construction

Developer Lures Converse to Inland Empire Big Box; Olson Building in Pomona

Kinetics' Yorba Linda Plant Set to go With Spinoff

Intrigue Behind Procom's Executive Shift; Tech Coast Loses Sign, Gains Space

EXECUTIVE SUMMARY

Viking's Rancho Santa Margarita facility: company bought by Sanmina-SCI

Monday, June 17

US Labs Switches Chief Executive, Works on Finances

US Labs Inc., a venture-backed Irvine medical testing company, is seeking a permanent chief executive after the recent stepping aside of its founder.

Real Estate Deals

Real Estate Sales and Leases

Acquisitions Mogul Finds Value in Global Crossing, Other Tech

SPECIAL REPORT: High Technology

Industrial Complex Planned for Lake Forest

Newport Beach-based Turner Development Corp. has closed the door on the 77-acre A.J. West Ranch with the sale of the last 12 acres at the Lake Forest development.

Real Estate Watch: Greater Airport Area

Airport Area Office Investment Market Heats Up

Analysts Cautiously Eyeing Newport's Chip Business

Western Digital's Upward Revisions Get Noticed; Toshiba's 'Laptop' Server Goes Wireless

Flint Breaks from Canterbury to Start Investment Consultancy

Garth Flint, former managing director at Newport Beach-based Canterbury Capital Services Inc., has left the investment firm with seven others to start his own consultancy,Beacon Pointe Advisors LLC.

So Long, Mr. Panic

Editorial by Rick Reiff and Mike Lyster

Kotkin Set to Talk Technology Hubs

Kotkin Set to Talk Technology Hubs

INTERNET EXCEPTIONS

SPECIAL REPORT: High Technology

EBay Titan ID'd As Resort Buyer; Freedom Update

OC INSIDER by Rick Reiff

fFutbol Drive!

For Hyundai Motor America, the 2002 World Cup is all about Hispanic marketing.

HARD LANDING

SPECIAL REPORT: High Technology

COMMENT: Party Poopers

Commentary by Rick Reiff

McCarthy Tapped to Build Women's Pavilion at Hoag

HEALTHCARE by Vita Reed

Irvine's IntraLase Seeks to Displace Metal Blades in Vision-Correction Surgeries

IntraLase graphic: company's laser is used to create a dissection plane on the cornea

BEDSIDE CHALLENGE

The economic downturn and higher unemployment has done little to curb demand for registered nurses at OC hospitals. To find nurses, hospitals are offering sign-on bonuses or payments to their own workers who refer nursing candidates.

Newport Startup's Bid to Buy L.A. Hospital Clears Hurdle

Newport Startup's Bid to Buy L.A. Hospital Clears Hurdle

Schwab Enlists Several OC Money Firms for Referrals

Schwab Enlists Several OC Money Firms for Referrals

Highpointe Sells Temecula Property for $40 Million

Highpointe Communities Inc., a Laguna Woods-based residential land developer, has sold a 478-acre land parcel near Temecula for $40 million.

SEMI REBOUND

SPECIAL REPORT: High Technology

Lawyer Brings New Faces to South Asian Group

Shivbir "Shiv" Grewal, a corporate lawyer with a penchant for field hockey, says he's shaking up the Southland's dominant networking group for South Asians.

Techs Try an Asian Tune After Singing the Domestic Blues

SPECIAL REPORT: High Technology

ARGUS

Humor by Argus Hamilton

Steelberg Bros. Are Back With Latest Venture

Newport Beach brothers Chad and Ryan Steelberg, perhaps best known for now-defunct free Internet service provider Winfire Inc. they founded two years ago, have started another company with their own money.

Getting Graphic: Rivals Take Shots in Reprographics Skirmish

Irvine-based Consolidated Reprograph-ics' acquisition by the owner of cross-town rival OCB Reprographics Inc. has stoked a fire that's been burning for the past few years in the graphics industry.

Skate, Snow Company Grabs Foothill Ranch Plant

Upscale Repair Shop Buys Two Santa Ana Buildings; Sukut Clears Air in Quail Hill

Sumptuous Brunch with an Accent on French Fare

EXECUTIVE DINING by Fifi Chao

Crossover Eyeing Second, Third Generation Hispanics

T & O; Lands Fast-Growing Irvine Bank; Y & R; in the Race for More Mattel Work

SUBTLE SPENDING

SPECIAL REPORT: High Technology

Gigante Near Deals for Two OC Stores; Eyeing Santa Ana

Mexico's Grupo Gigante SA de CV is near closing deals for two grocery stores in Orange County, according to the head of its Santa Ana-based U.S. unit.

EXECUTIVE SUMMARY

Industries news summaries.

Orange Coast Magazine Publicly Attacks Rival

Newport Beach-based Orange Coast Magazine is squaring off against Irvine-based Freedom Communications Inc. and its Coast magazine in a bid to get its rival to drop "Coast" from its name.

People

People in the News, on the Move

Monday, June 10

Toes on the Nose Plans New Laguna Store, Others

Richard Allred, owner of Costa Mesa-based surf apparel maker Toes on the Nose, is expanding his retail operations.

Changes Impact The Ritz, Chanteclair and The Cowboy

Florence Italian Cuisine Has Father's Day Brunch; Diner and Grappa at Antonello

Corinthian Lands Credit For Planned Acquisition

Corinthian Lands Credit For Planned Acquisition

Fluidmaster Ramping Up New Tijuana Plant

San Juan Capistrano plumbing products maker Fluidmaster Inc. is ramping up production at a 70,000-square-foot Tijuana plant it leased a few months back in a bid to boost output and cut costs.

Exploring Walter's Solar System, Roger's "Universe"

OC INSIDER by Rick Reiff

Box Barometer: Triple A Sees Pickup

Corrugated box maker Triple A Containers Inc. has completed an expansion move to Cerritos from Buena Park with plans to add about 40 workers within a year.

South Korea Ties Help Forge Venture Startup

Two Orange County 24-year-olds,one a former stockbroker, the other a programmer,have started a venture fund at a time when seasoned venture capitalists are finding it hard to raise money.

The Infrastructure Challenge

VIEWPOINT by Daniel K. Winton

Kudos

HONORS: Nick Yocca received the Chairman award from the Forum for Corporate Directors ... more

EXECUTIVE SUMMARY

TOP STORIES

Printing Industry Holds on to Early-Year Recovery

SPECIAL REPORT: Printing and Graphics

Real Estate Watch: Research & Development

Research and Development Sector Holds Steady in Q1

ARGUS

Humor by Argus Hamilton

Line Forming for Embattled Adelphia's OC Operation

A wide swath of Orange County's cable market is up for grabs, and cable operators are lining up to grab it.

Distributor Makes Big Buy at Former Medtronic Campus

A 281,000-square-foot building erected at Medtronic Inc.'s former Anaheim campus has sold for more than $20 million in what brokers say is the largest building sale by square footage so far this year.

PRINTER-FRIENDLY FORECAST?

SPECIAL REPORT: Printing and Graphics

Axcelerant Grabs $9 Million, SiteLite Near Funding

ThinkTank Launches Buy.com Offshoot; Irvine Sensors Gets Follow-on Arm Order

Real Estate Deals

Sales and Leases

OC Loses Ground in Southland Funding Derby

That San Diego companies get more venture funding than their Orange County counterparts isn't new. But the scope of the gap in the past five years is eye-catching.

Coalition Asserts Damage Award Will Boost Insurance Costs

A court ruling that threatens to push rates higher for medical malpractice insurance is being challenged by an alliance of doctors, dentists and hospitals.

Book Soup Opening South Coast Store

Book Soup Opening South Coast Store

Intersil Staying in Irvine, Chief Executive in Milpitas

Irvine's Intersil Corp. won't be moving to Silicon Valley as a part of its buy of Milpitas-based Elantec Semiconductor Inc., but its new chief executive won't be moving to Orange County either.

Extreme Business

Op's King of Skate Joined Unlikely Bedfellows

Allergan Sets Ratio For Pending Spinoff

Allergan Sets Ratio For Pending Spinoff

LETTERS

Letters to the Editor

Pacific Sunwear Beats Same-Store Estimates

Pacific Sunwear Beats Same-Store Estimates

Gold Coast Joins In County's Q1 Home-Price Party

Beazer Building on the Water in Ventura; Clothing Distributor Shifting Fullerton Warehouse

United Plastics Hiring up to 100 in Anaheim

United Plastics Group Inc. plans to add up to 100 workers in Anaheim as part of a consolidation of testing and engineering operations and an upswing in the plastics sector.

Declining Dollar Stands to Bolster Local Exporters

The U.S. dollar's marked decline in the past few months stands to have a mostly positive impact for Orange County exporters and companies that have operations in overseas markets, company officials say.

Enfrastructure Grabs an East Coast Presence

Aliso Viejo-based Enfrastructure Inc. is moving on a long-planned East Coast expansion with the acquisition of New York-based TechSpace Inc.

COMMENT: El Toro Sur ...

Commentary by Rick Reiff

PacifiCare, State Try to Reduce Member Complaints

HEALTHCARE by Vita Reed

Irvine Summit Covers Financing For African-American Businesses

The African-American Business Summit is set to kick off a three-day event this week focusing on "Real Solutions for Real Business: Capital, Contracts, Technology."

RiechesBaird Wins $2.3M Account for Toyota Material

Marketing & Media by Jennifer Bellantonio

Corinthian Colleges Leads on BusinessWeek List

Corinthian Colleges Leads on BusinessWeek List

People

People in the News, on the Move

Monday, June 3

China's Shangri-La: Touring the Orient, Part II

Island Shangri-La in Hong Kong: connected to famed Pacific Place mall

ARGUS

Humor by Argus Hamilton

UCI Gets $4 Million for Genetics Program

UCI Gets $4 Million for Genetics Program

Real Estate Watch: Manufacturing and Warehouse

Signs of Recovery in Manufacturing and Warehouse Sector

Beckman Launches Thyroid Tests, Regulatory Software

UCI Researchers Create Amino Acid; Irvine Showcases Medical Tech

Maverick Homebuilder Osgood Parts With Centex Homes

Roland Osgood, who helped start Centex Corp.'s Orange County operation and build it into one of the most profitable divisions in the company, has left the Dallas-based homebuilder.

TEAM MOM - Women in Business Awards

AND THE WINNERS ARE ... Ernst's Anderson is Big Winner in OC Accounting Shakeup

Smetona: Photographed Postwar Europe, Nixon, Early South County

SPECIAL REPORT: Small Business

Women Businesses See Economic Fallout

Orange County's largest women-owned businesses lost some of the gains they made in 2000 as the economic slump and effects of the terrorist attacks hurt companies across all industries last year.

VIEWPOINT: Africa's Tough Love

Former Irvine Company spokesman Franz Wisner is traveling around the world with his brother Kurt. This is one in a series of dispatches.

Some Andersen Partners Said to Be Joining Deloitte

The hiring of partners from Arthur Andersen LLP's Orange County office by rival Big Five firms has begun, according to an industry source.

Internet Resources for Small Businesses: From Truck Rentals to Venture Funds

SPECIAL REPORT: Small Business

OC Gets Final Bankruptcy Payout & #711; From the IRS

OC INSIDER by Rick Reiff

Budget Crunch May Cost Businesses Some Tax Breaks

SPECIAL REPORT: Small Business

Even Trusted Staff Can Become Dishonest Bookkeepers

SPECIAL REPORT: Small Business

Aditus Eyes Profitability With Spinal Device

Laguna Hills-based Aditus Systems Inc., a unit of Switzerland's Idiag AG, is pinning its hopes on a medical device that analyzes the spine.

Panattoni Buys Thousand Oaks Land for Industrial Space

Newport Office Complex Gets New Name; CB Marketing Long Beach Apartments

Small Business Tax Guide Has Tutorials

Small Business Tax Guide Has Tutorials

Clothier Paul Frank Tripling its Space in Costa Mesa Move

Apparel maker Paul Frank Industries Inc. is moving to a bigger building in Costa Mesa after outgrowing its Newport Beach digs.

From Japan, With Branding: LA/ZONA Opens OC Office

Quiksilver's Roxy Showcases Surfer Girls; Ron Jon Lends its Name to PT Cruiser

PEOPLE

People in the News, on the Move

EXECUTIVE SUMMARY

TOP STORIES

ICN Dissidents Have Interim Chief Ready Should Panic Leave

ICN Pharmaceuticals Inc.'s dissident shareholders say they have an interim chief executive at the ready should embattled Milan Panic step down or be abruptly forced out by incoming board members.

Real Estate Deals

Real Estate Sales and Leases

Starbase Planning $12 Million Offering

Starbase Corp., a Santa Ana-based software maker, continued a string of financing deals with plans for a $12 million private placement of preferred stock.

COMMENT: Thinking Big

Commentary by Rick Reiff

Exult Touts Bank of America Work Amid Stock Sale

Enfrastructure Promotes Executives; Datum Working with Britain's nCipher