Stories for May 2002

Monday, May 27

Law Firms Taking Space in Irvine, Santa Ana

A pair of Orange County law firms have struck office leases worth a combined $11.3 million. Irvine law firm Jackson, DeMarco & Peckenpaugh plans to move in July from its current offices...

Recent County Offerings Find it Tough-Going in Public

SPECIAL REPORT: IPOs

Real Estate Deals

Real Estate Sales and Leases

Overtime Lawsuits Headed Into Overtime

Two Orange County companies have found themselves targets for the latest trend in class action lawsuits: overtime.

Touring China, Hong Kong Through a Gourmet's Lens

EXECUTIVE DINING by Fifi Chao

Camille Jayne Grabs Contested Board Seat

Camille Jayne, the former chief executive and director of Cypress-based remote control maker Universal Elec-tronics Inc., appears to have prevailed in a proxy battle of her own.

Letters

Letters to the Editor

VENDORAMA: Irvine's KRh Eyes U.S. for Japanese-Style Vending Machines

The blueprints look like something out of a sci-fi movie: barstools and a counter in front of nothing but vending machines,not a server or cashier in sight.

IPO WISH LIST

SPECIAL REPORT: IPOs

Fullerton Park Signs First Lease, 196K Square Feet to Go

Newport Gateway Sees Handful of Leases; Pinnacle Building Homes Across Southland

News & Announcements

Masimo Suing Tyco Over Medical Devices; Marsh Adding Space In Newport Beach; Keith Companies Nabs Two Deals; New Transit Service Debuts in Anaheim; TraveLeaders Boosts Airfare Search Service

Real Estate Watch: The Retail Market

What Retail Recession? Depending on the reporting source, Southern California's retail economy,and particularly Orange County's,either is recovering from or never felt the recent economic swoon that affected the rest of the country.

PROXY WARS: ICN's Round Two Coming to a Head

Costa Mesa's ICN Pharmaceuticals Inc. is set to learn this week if it's getting three new outside directors after a relatively quiet proxy campaign, the drug maker's second in as many years.

Consumer-Driven Healthcare: More Choice, Some Risk

Hoag Gets $5M Pavilion Gift; Garden Grove Opens Pediatric Unit

MSC Cuts 140 Workers as Legal Bills Take Toll

MSC.Software Corp. has laid off about 8% of its staff amid an earnings shortfall and a federal probe into two acquisitions.

ARGUS

Humor by Argus Hamilton

COMMENT: Crime and Testosterone

Editorial by Rick Reiff

People

People in the News, on the Move

UCI's Feminine Touch

VIEWPOINT by Judy B. Rosener

VSK Ships Gear for Testing

Venture-backed VSK Photonics Inc. has started shipping test versions of its super-secret networking gear to customers.

PIZZA PLAY: Chicago Pizza's Growth Catches Wall Street's Eye

Huntington Beach-based Chicago Pizza & Brewery Inc. is stepping up growth plans after raising $36 million in a debt offering and adding two industry veterans to its management.

Conexant Wireless Bringing Samsung Along to Alpha

Irvine Gauss Boss Now Company Head; Aspeon Settles With Shareholder

Rumor Has Marriott Project in Play; Tucker Off Board

OC INSIDER by Rick Reiff

NATIONAL AMBITION: Sperry Van Ness Building Broker Network

Irvine-based Sperry Van Ness, the largest commercial real estate brokerage based in Orange County, says it grew during the industry's downturn last year thanks to a national expansion strategy.

EXECUTIVE SUMMARY

TOP STORIES

Bates Loses PacSun, Sees Second Round of Layoffs

Holiday Inn Costa Mesa Goes Electronic; T & O; Shuffles Exec Spots

Healthcare Leads Q1 Funding

Healthcare companies continued to be the dominant sector among those getting venture capital funding in Orange County, despite the overall tally falling dramatically in the first quarter.

GNARLY FOOTING: Skate Shoe Maker Sole Counts $100M in Sales

Pierre Andr & #233; Senizergues is told to "relax" for a photo shoot. No problem. He does a handstand on his skateboard, then flips into the air, plants his feet on the deck and lands perfectly on the ground. And that was just for practice.

Monday, May 20

John Laing Mounting Push Into Luxury Homes

Homebuilder John Laing Homes, which takes its name from Britain's Sir John William Laing, has built its share of big homes in nice neighborhoods.

Talk of Viking Sale has Industry Buzzing

Orange County's memory industry is abuzz with talk that Sanmina-SCI Corp. is in talks to buy Rancho Santa Margarita-based Viking Components Inc., the county's third-largest memory products maker.

Shippers, Port Workers Far Apart as Labor Talks Loom

Workers and ship companies at Los Angeles, Long Beach and other West Coast ports finally have begun what promises to be raucous talks on a new three-year contract.

Real Estate Watch: High-Rise Office Market

High-Rise Office Market: The Best Value in Town?

Take Care, Ed; Ayres Flagship Inn Gets Upscale Look

OC INSIDER by Rick Reiff

Legendary Wine Merchant Uncorks Lido Isle Shop

Lobster, David Bruce Dinner on TAPS; Wingnuts Opens in OC

Construction

SPECIAL REPORT: Commercial Real Estate

COMMENT: The Guv

COMMENT: The Guv

Skiver Starts With Real Estate, Eyes Action Sports

The Grove Taps Doll Hut's Jemison; Op Tries Hand at Loungewear Again

El Pollo Loco Pushes Expansion, Appoints Public Company CFO

Irvine-based El Pollo Loco Inc. is pushing ahead with an expansion that includes 20 new restaurants this year and the remodeling of older ones.

ARGUS

Humor by Argus Hamilton

Bausch & Lomb Alums Form Startup

Two former Bausch & Lomb Inc. executives have started a contract medical production business in Irvine with the Rochester, N.Y.-based eye care products company as one of their initial customers.

Nation Office Market

SPECIAL REPORT: Commercial Real Estate

MOVING IN: First-Quarter Office Leases Signed in OC, Ranked by Square Footage

OFFICE LEASES

MOVING IN: First-Quarter Industrial Leases Signed in OC, Ranked by Square Footage

SPECIAL REPORT: Commercial Real Estate

E3 Games Show to Stay in Southland

The Electronic Entertainment Expo, known as E3, is staying at the Los Angeles Convention Center after threatening to take the video game industry's premier show to Las Vegas.

Broadcom Lands Chips in TiVo Video Recorder

Irvine Sensors Exec Adds President's Title; TransDimension Ships Camera Chip

CHANGING HANDS: First-Quarter Industrial Sales in OC Ranked by Price

SPECIAL REPORT: Commercial Real Estate

ICU Plans Factory Upgrades, New Products

ICU Plans Factory Upgrades, New Products

Southern California Office Market

SPECIAL REPORT: Commercial Real Estate

Western Region Office Market

SPECIAL REPORT: Commercial Real Estate

CHANGING HANDS: First-Quarter Office Sales in OC, Ranked by Price

SPECIAL REPORT: Commercial Real Estate

PEOPLE

People in the News, on the Move

Mason Joins Business Journal as Managing Editor

Mason Joins Business Journal as Managing Editor

EXECUTIVE SUMMARY

TOP STORIES

Retail Market

SPECIAL REPORT: Commercial Real Estate

Private Cos. Post Relatively Strong Showing

THE LIST: Orange County's largest private companies held up relatively well in 2001 with flat sales and the addition of a handful of workers locally, according to this week's Business Journal list.

Werdin Wraps Up Dyer Park Sales

Another Mid-Counties Industrial Sale; Builders Grab Lots

Office Market

SPECIAL REPORT: Commercial Real Estate

Rutan & Tucker Adds Two Partners

Rutan & Tucker Adds Two Partners

DRAWING POWER

SPECIAL REPORT: Commercial Real Estate

Fixing a Hole

Fixing a Hole

JWA Cargo Falls By 21% in March

John Wayne Airport's cargo business still hasn't recovered from the past year's eaconomic slowdown and effects of Sept. 11.

Combative Strategy Payoff: OC Suit to Federal Court

Combative Strategy Payoff: OC Suit to Federal Court

OC Traders' Hope for Chilean Trade

Pact on Hold after Senate Vote; Orange County companies doing business with Chile are going to have to wait even longer for a free trade pact with South America's most advanced economy.

Industrial Market

The Orange County industrial market saw activity increase and net absorption improve while some markets posted fewer vacancies in the first quarter.

Procom Seeks Funds for Router, Switch

Officials at troubled Procom Technologies Inc. are looking for $12 million to $14 million to start a new company around two pieces of technology, a company official said.

UCI Aims to Back Biomed With Research, Workers

Kaiser Gets New OC Boss; Tensor Developing Software for Matsushita Device

GOING UP: Projects Under Construction in OC in the First Quarter, Ranked by Square Footage

SPECIAL REPORT: Commercial Real Estate

AmerisourceBergen Gets Early Thumbs Up

So far, so great. That's the early verdict from Wall Street on AmerisourceBergen Corp., the drug distributor that came about from Valley Forge, Pa.-based AmeriSource Health Corp.'s August buy of Orange-based Bergen Brunswig Corp.

Real Estate Deals

Real Estate Sales and Leases

Monday, May 13

John Wayne Airport Sees April Upswing

John Wayne Airport is getting back to normal. Passengers at the airport last month were up 5.6% to 657,598 from a year ago. The number of flights in and out of the airport also showed gains in April, rising 1.3% to 7,100 from April 2001.

Paul Hastings Buys into Hong Kong

Paul Hastings Janofsky & Walker LLP has bought Hong Kong law firm Koo & Partners to bolster its presence in the Far East.

PIZZA SCRAP: Shakey's Set to Face Franchisees in Court

Garden Grove-based Shakey's Inc. has tabled an expansion as the pizza parlor chain faces franchisee lawsuits and possible defections.

TOURIST TRAP: Travel Picks Up, but Bumps Ahead

SPECIAL REPORT: TOURISM

L.A. Fitness Moving to Spectrum Tower

Gym operator L.A. Fitness recently signed a deal with The Irvine Company to move its corporate headquarters from Newport Beach to a 42,000-square-foot space at 8105 Irvine Center Drive, Western Digital's former high-rise digs.

Horizon Sees More Growth With Acquisition by Rival

Santa Ana-based contract medical device maker Horizon Medical Inc. is being bought by Avail Medical Products Inc., a Fort Worth, Texas-based rival.

EXECUTIVE SUMMARY

TOP STORIES

OC Working Overtime to Convince Asian Travelers It's Time for a Visit

SPECIAL REPORT: TOURISM

ON DISPLAY: ViewSonic Uses Intel Money to Pursue High-Definition TV

Based just across the North County line in Walnut, ViewSonic is investing in new projects, even as sales remain slow in the company's mainstay computer monitor business.

Commercial Capital Raises $20M, Plans Rancho Branch

Irvine-based Commercial Capital Bancorp raised $20 million in a debt offering to support a runup in assets at its fast-growing thrift.

Kudos

OCBJ congratulates businesses

ARGUS

Humor by Argus Hamilton

Rockwell Collins Cushions OC Blow With Van Pools

When Cedar Rapids, Iowa-based Rockwell Collins Inc. closed its Irvine facility three months back and shifted work to Pomona, local workers at first faced two choices, commute or move.

Hotel Occupancy Falls in 2002 as Economy, Sept. 11 Take Toll

SPECIAL REPORT: TOURISM

PEOPLE

People in the News, on the Move

After Trial Setback, Ista Continues Diversification Bid

Cooper Cos. Lands $225M Credit Deal; Edwards Sees Repair System Put to Test

Workers' Comp Pain, Gain

VIEWPOINT by Dennis J. Aigner

Real Estate Deals

Sales and Leases

Real Estate Watch: Inland Empire

OC Opposite: Industrial Absorption, Tight Office Market

MIND GAMES

In the past year, the three technology executives gave the money to a nonprofit group started by Gordon Shaw, a retired University of California, Irvine, physicist who produces software featuring a penguin, affectionately named JiJi.

Cogent Nabs $15M to Expand Service

Cogent Nabs $15M to Expand Service

Rebounding Conexant Being Showcased Once Again

Broadcom Bumps Intersil in Motorola Modem; Access360 Gets Oracle Bragging Rights

Surfer Schoch Rides OC Dining Wave; She's Citizen Liz

OC INSIDER by Rick Reiff

Shea Breaks Ground on Year's First Big Project

Donahue Schriber Does $62M in April Deals; Condo Sales Make Comeback?

ICN Launches Proxy Site

ICN Launches Proxy Site

Allergan Appeals Generic Court Loss

Allergan Appeals Generic Court Loss

Coming to America: Japanese Auto Store to Open in Stanton

In a Stanton conference room still under construction, Japanese executives from Autobacs Seven Co. grimly survey what could pass for a war map of the Southland.

Grilling Summertime Classics With a Tip to Morton's

EXECUTIVE DINING by Fifi Chao

Hilton Taps Foote, Cone for Emotional Appeal to Travelers

Marshall Adds Commonwealth Energy; Bates USA West Cuts CEO, 30 Others

Pioneer-Standard Closing Fountain Valley Plant

Pioneer-Standard Electronics Inc. plans to shutter its 40-person Fountain Valley plant as part of a bid to stay profitable in a tough market for electronics.

As Spending Stopped, Cash Flow Increased at Public Companies

Orange County companies saw sales slip and suffered some big net losses last year. But one measure of corporate health didn't fare as badly: cash flow.

OC Deals to Lure Visitors to Area

SPECIAL REPORT: TOURISM

Gotcha Glacier, Other Projects Delayed Amid Shaky Tourism Market in County

SPECIAL REPORT: TOURISM

Domain Bankrolls Healthcare Hopefuls

Laguna Hills-based Volcano Therapeutics Inc. has joined some pretty good company. The startup developer of a catheter to detect arterial plaque recently landed $24 million in funding

Bed-Tax Revenue Shortfall Hits OC Cities, Visitor Bureaus

SPECIAL REPORT: TOURISM

Monday, May 6

SPECIAL REPORT: OC 50 - Government & Institutions

Profiles of the County's most influential business people

SPECIAL REPORT: OC 50 - Real Estate

Profiles of the County's most influential business people

EXECUTIVE SUMMARY

Weekly column of TOP STORIES

Bates: Big Hyundai Loss Won't Shutter OC Doors

Irvine-based Bates West USA's top brass in New York says it doesn't plan to close up shop here after losing another big chunk of work from Hyundai Motor America but is assessing fallout from the defeat.

Q2 Sales, Profit Recovery Seen; Hiring on Hold

Orange County businesses expect sales and profit gains in the second quarter but don't plan to do much hiring or restocking of warehouse shelves

Los Alamitos Wagers On Remote Betting

Los Alamitos Race Course is gambling on a dialing-for-dollars strategy. The 51-year-old quarter-horse racetrack now gets about 5% of its bets from phone- and Internet-based betting systems, which Gov. Gray Davis OK'd for California in January.

SPECIAL REPORT: OC 50 - Industry & Services

Profiles of the County's most influential business people

Mother's Day Special at the Back Bay Cafe

Kang's 5' Coming to Anaheim Suites; French 75 Open Soon

Market Brings Newcomers to Spectrum

Just a few years ago, it seemed high-flyers like Broadcom Corp. or corporate pillars such as Ford Motor Co. were just about all that could afford a coveted Irvine Spectrum address.

Allergan's $50M Botox Ad Campaign Has Couple of Wrinkles

Pancake House Flips Ad Firm; Newport Film Festival Tapped Local Ad Shops

SPECIAL REPORT: OC 50 - Healthcare

Profiles of the County's most influential business people

ALLEY-OOP: L.H. Friend Quietly Did $322 Million in Deals Last Year

L.H. Friend, Weinress, Frankson & Presson LLC dates back nearly 20 years and counts college basketball star and onetime New York Knick Lawrence H. Friend as its key co-founder.

Real Estate Watch: Los Angeles County

Industrial Picking Up, Office Sublet Bubble Bursts

SPECIAL REPORT: OC 50 - Technology

Profiles of the County's most influential business people

Capistrano Group Eyes Arco Plaza, Other L.A. Properties

San Juan Capistrano investor group Kings Capital has bought part of the debt on Shuwa Investment Corp.'s downtown Los Angeles office properties,including the high-profile Arco Plaza, according to real estate sources.

Tourism Officials Honored

Officials from the Disneyland Resort, Knott's Berry Farm and South Coast Plaza were among those honored last month by the Orange County Tourism Council.

Craig Realty Group Developing Texas Shopping Mall

Tiarna Takes on University Tower; Rental Market Stays Steady

Washington Mutual Adding 250 People, New Irvine Building

Washington Mutual Inc. plans to boost its Orange County workforce by 10%,or 250 workers,in the current quarter. The job growth is in large part due to the company's surging home mortgage business, as much of the paperwork and back office support for loan

OC 50: New Faces, Subtle Shifts for Class of 2002

In this issue you'll find the OC 50, the Business Journal's annual yearbook of the county's most influential businesspeople. The listing includes some familiar faces, notable newcomers and subtle twists and turns.

Jury Hits Slemons, Others for $18M; Heere's Johnny!

OC INSIDER by Rick Reiff

LETTERS

Letters to the Editor

Third-Tier Public Cos. Post Sales Gain, Big Losses

THE LIST: Acacia Research Corp. barely had its name up on its new Newport Beach office before winding up atop the county's third group of public companies.

Real Estate Deals

Real Estate Sales and Leases

BREWING A REBOUND?

Diedrich Looks to Build on Subtle Sales Gains, Narrower Losses

Defense Budget Funds Sparks Irvine Sensors Rally

Vision Solutions Battling Takeover; DPAC Inks Mystery Deal

Apria Chief Stays Course, Taps Familiar Face for COO

Edwards Lifesciences Gets Federal Approval for Heart Valve Repair

Comment: Etnies, Fretnies

Lake Forest recently sold the naming rights to a skate park ...

SPECIAL REPORT: OC 50 - Apparel

Profiles of the County's most influential business people

ARGUS

Humor by Argus Hamilton

Tenants Brace for Surging Office Operations Costs

Bills for California's energy crisis and fallout from Sept. 11 are coming due for Orange County office tenants.

PEOPLE

People in the News, on the Move

Scenarios Emerging for Andersen in OC

The future of Arthur Andersen's Orange County office could be taking shape. Industry sources say most of Andersen's Irvine audit partners are talking with KPMG International and PricewaterhouseCoopers, while tax partners could go to Deloitte & Touche.