Stories for November 2003

Monday, November 24

Vacancy Declines, Absorption Rises, Lease Rates Flatten

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Vacancy Rate Falls, Absorption Improves, Construction Slows

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REAL ESTATE DEALS

This week's postings of Real Estate sales and leases

West Office Market

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Companies Make Best of Downsized Comdex

Broadcom Corp. took aim at a rival. QLogic Corp. turned things up a notch. Finding a good party took some work.

Fluor Looks Past Power Plants as Fading Business Hits Stock

Wall Street is looking for more of the same from Fluor Corp. next year after the company fell short of earnings expectations for the third quarter.

Schwarzenegger Steels Workers' Comp Stance

Gov. Arnold Schwarzenegger is ready to play hardball on workers' compensation reform if Democrats in the Legislature don't cooperate.

INDUSTRIAL GOING UP

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Roger Cleveland Golf Plans Surf City Move

Golf club maker Roger Cleveland Golf Co. plans to move from Cypress to a new 130,000-square-foot headquarters and plant being built in Huntington Beach.

Nation Office Market

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OFFICE GOING UP

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California Office Market

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BIG INDUSTRIAL SALES

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Vacancy Increases, Activity Steadies, Lease Rates Fall

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SPACE DATA

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EXECUTIVE SUMMARY

Summaries of other business news and top stories by industry; Economic Indicators

REAL ESTATE WATCH

Analysis, plus Charts: Net Absorption; Vacancy Rates; Average Asking Lease Rates

PEOPLE

Orange County Businesspeople in the news, on the move...

LETTERS

Letters to the editor

MARKET WATCH

Week's Best, Worst Performers; Roth OC50, Billion Dollar Club, OC Tech; Index Watch, 52-week Performance

Monday, November 17

OC-based Commercial Banks Posted 44% Growth in Assets in Past Year

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"Buy American" Rules Eased in Defense Bill

Defense contractors breathed a sigh of relief after Congress toned down "buy American" provisions in the 2004 defense bill, passed by the Senate last week.

REAL ESTATE DEALS

This week's postings of Real Estate sales and leases

THE LIST - COMMERCIAL BANKS

The Orange County Business Journal's List of Top OC-Based Commercial Banks

EXECUTIVE SUMMARY

Summaries of other business news and top stories by industry; Economic Indicators

THE SAY: Regional Airport Planning

Rick Bell, excerpted from the Sept. 22 San Diego Business Journal:

Broadcom Again Most Valuable OC Company

The Irvine chipmaker once again is OC's most valuable public company, thanks to a surging stock and a pullback in the shares of Allergan Inc., now OC's second-most valuable company.

Credit Unions Reported Asset and Membership Gains in Past Year

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As Big Developments Wane, Homebuilders Fill in Cracks

HERE AND THERE - Pablo Leon's job sounds fulfilling enough. He finds overlooked sites,maybe a dilapidated building or piece of unused land,to transform into new homes.

Federal Rules on Country Labels Roil Grocers, Distributors

Doing business is set to grow more costly for supermarkets, food distributors and importers next year.

Small Business Administration Loans Bring Plot Twist to New Film

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L.A. Pressured to Relax Subprime Lending Law; Irvine's First Alliance Spurred Oversight

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PEOPLE

Orange County Businesspeople in the news, on the move...

Borrowers Find There's Always Someone to Lend Another Buck

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Leading Democrat Readies for Schwarzenegger Budget Battles

INTERVIEW with Assemblywoman Jenny Oropeza, D-Long Beach

KUDOS

Awards and Recognition

Real Estate Watch: RETAIL

Analysis, plus Charts: Net Absorption; Vacancy Rates; Average Asking Lease Rates

Internet Bank Services Grow Despite Cost for Startups

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MARKET WATCH

Week's Best, Worst Performers; Roth OC50, Billion Dollar Club, OC Tech; Index Watch, 52-week Performance (Adobe PDF)

Ghods Opens OC Office, Eyes High-Rises

Subleases, 'Shadow' Space Loom as Factors in Commercial Recovery

Massive Debt Makes State the Largest Distressed Borrower

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THE LIST - CREDIT UNIONS

The Orange County Business Journal's List of Top OC-Based Credit Unions

LETTERS

Letters to the editor: Defending Bush; El Toro, Cont'd; Manufacturing Jobs;

Monday, November 10

RISK AND RETURN

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TOUGH TO GRASP

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Moore Wallace to Close Brea Plant

Moore Wallace Inc. plans to close its 55,000-square-foot Veriad label making plant in Brea by the end of the month.

SAFETY NET

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MARKET WATCH

Week's Best, Worst Performers; Roth OC50, Billion Dollar Club, OC Tech; Index Watch, 52-week Performance

OC Executives High on 2004; Workers' Comp a Big Worry

Orange County executives expect a good 2004, with one big caveat. High workers' compensation premiums and living costs, along with state and local taxes, could hamper economic recovery here

Nevada Beckons State's Businesses But Faces Challenges of Its Own

WAIT AND SEE - Nevada's siren song to California businesses has gotten louder.

Fame and Fire

VIEWPOINT by Eldon Griffiths, author, lecturer, journalist and former member of the British House of Commons.

LETTER - Affordable Housing

Letter to the editor

THE LIST - INSURANCE BROKERS

The Orange County Business Journal's List of O.C.'s Top 20 Insurance Brokers

Prandium Struggles as Sale Falls Through, Debt Burdens

There's no relief in sight from the indigestion that continues to plague Irvine-based Prandium Inc., owner of the Koo Koo Roo, Hamburger Hamlet and Chi-Chi's restaurant chains.

Employers Face Higher Unemployment Charge

First it was workers' compensation, then healthcare. Now California's unemployment insurance system is about to crack,and employers are being asked to pay the bill.

Real Estate Watch: North and Central County

North County Investing Overshadows Leasing

PEOPLE

Orange County Businesspeople in the news, on the move...

Businesses Put Off Bolting For Now, Pinning Hopes on Schwarzenegger

WAIT AND SEE - Raj Bhathal, chief executive of Tustin apparel maker Raj Manufacturing Inc., said he was all set to pack up his 400 workers and flee California. Now those plans are on hold

REAL ESTATE DEALS

This week's postings of Real Estate sales and leases

FRAUD ALERT

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Monday, November 3

HIGH-RISE 101

Developers Face New World, High Building, Insurance Costs

GIVE AND TAKE

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Mod Squad: Retailers Primed for Big Season

Orange County retailers found coal in their stockings the past few holiday seasons. Now they're banking on Santa bringing plenty of shoppers this year.

Fluor Sees Delay, Bigger Bid in Iraq

There's more waiting for Aliso Viejo-based Fluor Corp. on its bid for work in Iraq.

Tourism Industry Adds Pop to Lure Travelers During Holidays

Halloween marked the start of an aggressive push by theme parks, tourist attractions and hotels to lure travelers to Orange County for the holidays.

MORE TO COME

Mortgage Industry Set for New Round of Job Cuts Amid Higher Rates

Gigante, Others See Strike-Linked Surge

Orange County's Hispanic markets are seeing a surge in business from the strikes besetting their big mainstream rivals.

EXECUTIVE SUMMARY

Summaries of other business news and top stories by industry

LETTERS

Letters to the editor: The Recall, Cont'd; Kudo; Next Year Baseball!

MARKET WATCH

Week's Best, Worst Performers; Roth OC50, Billion Dollar Club, OC Tech; Index Watch, 52-week Performance

The Inevitable: Broadcom Surpasses Conexant

The Inevitable: Broadcom Surpasses Conexant

REAL ESTATE DEALS

This week's postings of Real Estate sales and leases

PEOPLE

Orange County Businesspeople in the news, on the move...

REAL ESTATE WATCH - Los Angeles County

L.A. Office Market Sees Mixed Absorption

Enrollment at Southland MBA Schools Rebounds in Past Year

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Females in Executive Flight

VIEWPOINT by Judy B. Rosener, professor in the Graduate School of Management at the University of California, Irvine