Stories for August 2009

Monday, August 31

Device Makers Debate How Reform Will Affect Business

HEALTHCARE: Potential for new product demand, but at lower costs

Health insurance—how to provide it and how to pay for it—has dominated the national reform discussion

Tease photo

Olenicoff: Front Row at UBS Banker Sentencing

FINANCE: His own suit against UBS is updated, moving ahead

Real estate billionaire Igor Olenicoff had a front row seat at the recent sentencing of a UBS banker

Tease photo

Irvine Co. Brokers See This Recession Better Than Last

Sares-Regis Going Ahead with Spec Anaheim Industrial Project; Buchanan’s Sales, Leases

Developers looking to convince businesses about the viability of unbuilt projects at Heritage Fields and Tustin Legacy have an ally in OC’s largest landlord, in the Real Estate column

Tease photo

Ex-Microsemi Asset Semicoa Starts Anew

TECHNOLOGY: Microsemi sells chipmaker to end antitrust inquiry

Everything old is new again at local chipmaker Semicoa

Tease photo

VIEWPOINT

The Ingredients of Reform

A local medical doctor thinks that healthcare reform is too divided

Blizzard Starting Subscription Magazine for ‘Warcraft’

Vizio Keeps Top Market Share for Flat LCD TVs; UST Global Enticed to Open Office in Chile

Blizzard is launching a quarterly magazine, in the Technology column

Tease photo

REAL ESTATE WATCH: ORANGE COUNTY RETAIL MARKET

Retail Market Still Slow Amid Downturn

The retail market still is suffering, in Real Estate Watch

Tease photo

REAL ESTATE DEALS

Sales and leases of offices, industrial buildings, retail space and apartments

Tease photo

The Camp Owners Open Store, Eatery in Vacant Space

South Coast Sees New Tenants; Auto Dealers Await Federal Payment in Cash for Clunkers

The owner of The Camp has created a store to fill empty space, in the Marketplace column

Tease photo

Anaheim’s Big A Gets $1M Digital Makeover

SPORTS: Electronic billboard set for Angel Stadium landmark sign

The Angels are redesigning the Big “A” in their parking lot

Tease photo

Looking at Liability

Congress Debating Medical Device Safety Act that Could Allow Patients to Sue Device Makers

Medical malpractice lawsuits soon could be taken to a new level.

Tease photo

Device Makers Grow Workers; Edwards Adds 200, Takes No. 1

There’s a new name atop the ranks of Orange County’s medical device makers.

Drug Makers Employment Down on Losses Among Top 3

Orange County’s largest drug makers cut back on jobs during the past 12 months

REVIEW

“Chitty Chitty Bang Bang,” Orange County Performing Arts Center, until Sunday

It isn’t often an inanimate object steals the stage in a big-budget musical.

$84M Renovation Under Way on Hoag Hospital Irvine

Health Insurance Stocks Rally on Performance; Avanir Drug Performs Well in Clinical Trials

Hoag has started work on its $84 million transformation of Irvine Regional, in the Healthcare column

Tease photo

PEOPLE

Hirings, promotions and other moves at local businesses

Hirings, promotions and other moves at local businesses

SeaCliff Hits the Road

A manufacturer and packager of cosmetics is launching a line of travel products, in the Small Business column

Tease photo

NEWS OF THE WEEK

This past week’s news from www.ocbj.com and other sources

This past week’s news from www.ocbj.com and other sources

Oakley CEO Steps Back, Veteran Takes Helm

APPAREL: Olivet oversaw sale to Luxottica; Baden new CEO

Oakley’s chief executive is stepping back and its longtime president is stepping up

Tease photo

Hyundai Cashes in On Clunkers; OCers Cruise the Concours

Fountain Valley-based Hyundai Motor America won big, relatively speaking, in the just-concluded “Cash for Clunkers” program.

Tease photo

Y&R Takes on Additional Work for Mattel’s Girls Toys

Kia Staging Art, Music Tour for Soul Crossover; Most Produces Segment for USA Network

The Irvine office of Young & Rubicam is going to have more time to play with girly toys in coming months, in the Media & Marketing column

Tease photo

Recession Reaction

Air, Heating Duct Maker Does Nightshift, Eyes Contractor Rivals

A local manufacturer of air ducts recently made a big operational shift

Tease photo

Legacy Park Developer Pushes To Rework Agreement with Tustin

Shea Properties is still committed to Tustin Legacy Park project

Tease photo

Sybron Gets Stake in Dental Gear Rival

HEALTHCARE: Settlement deal brings 10% stake, joint product

A local dental products maker has settled a long-running patent lawsuit with a rival

Sybron Gets Stake in Dental Gear Rival

A local dental products maker has settled a long-running patent lawsuit with a rival

OCBJ SUPPLEMENTS and GUIDES

Who's Building Orange County. Summer 2009

MARKET WATCH

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

CALENDAR

A listing of events happening all around Orange County, September 1-9, 2009

Drug Makers Employment Down on Losses Among Top 3

Orange County's largest drug makers cut back on jobs during the past 12 months

Anaheim's Big A Gets $1M Digital Makeover

The Angels are redesigning the Big "A" in their parking lot

Legacy Park Developer Pushes To Rework Agreement with Tustin

Shea Properties is still committed to Tustin Legacy Park project

Disney to Buy Marvel for $4B

Walt Disney Co. said on Monday it plans to buy Marvel Entertainment Inc. for $4 billion in a deal that would add characters like Iron Man, Spider-Man and the Fantastic Four to its entertainment empire.

$84M Renovation Under Way on Hoag Hospital Irvine

Hoag has started work on its $84 million transformation of Irvine Regional, in the Healthcare column

Olenicoff: Front Row at UBS Banker Sentencing

Real estate billionaire Igor Olenicoff had a front row seat at the recent sentencing of a UBS banker

Y & R; Takes on Additional Work for Mattel's Girls Toys

The Irvine office of Young & Rubicam is going to have more time to play with girly toys in coming months, in the Media & Marketing column

Downgrade Stifles Standard Pacific Rally

Last week's run-up in shares of Irvine-based homebuilder Standard Pacific Corp. reversed course Monday as an analyst said the homebuilder's valuation has gotten ahead of the industry's fledgling turnaround.

Device Makers Grow Workers; Edwards Adds 200, Takes No. 1

There's a new name atop the ranks of Orange County's medical device makers.

Blizzard Starting Subscription Magazine for 'Warcraft'

Blizzard is launching a quarterly magazine, in the Technology column

Irvine Co. Brokers See This Recession Better Than Last

Developers looking to convince businesses about the viability of unbuilt projects at Heritage Fields and Tustin Legacy have an ally in OC's largest landlord

Register Parent Files for Bankruptcy

The indebted parent company of the Orange County Register filed for bankruptcy reorganization Tuesday.

SeaCliff Hits the Road

A manufacturer and packager of cosmetics is launching a line of travel products, in the Small Business column

The Camp Owners Open Store, Eatery in Vacant Space

The owner of The Camp has created a store to fill empty space, in the Marketplace column

Blizzard Spends Big on Convention to Get 'Amped' Up, Reward Followers

A look at Blizzcon

Survey: No Need for Second Fiscal Stimulus Package

The economy does not need a second fiscal stimulus package, instead the government should cut spending over the next two years, according to a survey of business economists released on Monday.

Looking at Liability

Congress Debating Medical Device Safety Act that Could Allow Patients to Sue Device Makers

Hyundai Cashes in On Clunkers; OCers Cruise the Concours

Hyundai Cashes in On Clunkers; OCers Cruise the Concours

Report: Federal Reserve Made $14B on Turmoil Loans

The Federal Reserve has made $14 billion in profits on loans made in the last two years, The Financial Times reported on Monday, citing officials close to the matter.

READER LETTERS

Letter to the Editor: Dream Killers

Friday, August 28

Toyota to End California Plant Production

Toyota Motor Corp. will end production at a California plant it has shared with General Motors for 25 years, prompting regret and criticism from labor and politicians facing more job losses in an industry and a state pummeled by recession.

Pacific Sunwear Up on Analyst Upgrade

Shares of Anaheim-based mall retailer Pacific Sunwear of California Inc. jumped Friday after a bullish analyst said the company is poised to beat the disappointing forecast for the current quarter it offered last week.

Opus West Partner Buys Irvine Condo Tower Project

Scottsdale-based developer Geoffrey H. Edmunds & Associates Inc. has acquired full ownership of the 3000 the Plaza condominium tower in Irvine, the company said on Friday.

Anaheim's Big A Getting $1M Digital Makeover

The Los Angeles Angels of Anaheim's most prominent landmark is getting a makeover and digital upgrade.

Credit Card Issuers Pare Lending Limits

Millions of Americans have already seen their credit card limits shrink, and millions more face the same fate as lenders prepare for tougher consumer protection rules.

Dell Results Better Than Expected, Shares Jump

Dell Inc. reported a stronger-than-expected quarterly profit on Thursday, showing it was better able to cut costs and protect prices on its products than analysts, or its own executives, had predicted.

STEC Rises After Analyst Boosts Estimates

An analyst raised his price target on shares of Santa Ana's STEC Inc., a maker of flash memory drives for industrial and corporate uses that already is one of the best performers in the county.

Thursday, August 27

Former Quiksilver President Lands at Montreal Company

The former president of Huntington Beach-based Quiksilver Inc. and key force behind the company's 2005 buy of France's Skis Rossignol SA, is joining a Montreal clothing maker.

Clarient Investor Sells Shares

Pennsylvania investment company Safeguard Scientifics Inc. has sold 16 million shares of Aliso Viejo-based Clarient Inc. as part of its ongoing exit from the medical diagnostic company.

Emulex Reveals Design Wins with IBM

Costa Mesa's Emulex Corp., a maker of electronics for data storage networks, on Thursday revealed a customer,IBM Corp.,for a new type of networking technology.

Drug Developer Avanir Raises $10.6M

Avanir Pharmaceuticals Inc., an Aliso Viejo-based drug maker, said Thursday that it raised $10.6 million through a stock sale.

Lacker: Economy May Not Need All Planned Fed Stimulus

The economy appears to have stabilized and may not need all the stimulus the central bank had planned to offer, Richmond Federal Reserve Bank President Jeffrey Lacker said on Thursday.

Problem Bank List Hits 416, Insurance Fund Falls

The number of problem banks and thrifts on an official watchlist rose sharply to 416 in the second quarter of 2009 from 305 in the prior quarter, as the industry recorded a $3.7 billion loss.

Toll Loss Widens, Home Prices Fall

Luxury home builder Toll Brothers Inc. reported a narrower-than-expected quarterly loss on Thursday, but shares fell amid concern about the extent that price cuts were supporting sales.

Wednesday, August 26

Drug Maker Ista Says Eye Drop Meets Trial Goal

Ista Pharmaceuticals Inc., an Irvine-based drug maker, said Wednesday that one of its eye drug candidates met goals in a late-stage clinical trial.

Standard Pacific Rallies on Housing Reports

Shares of Irvine-based homebuilder Standard Pacific Corp. continued their run-up Wednesday on signs of a revived housing market.

Holiday Inn Costa Mesa Going Boutique in $7M Upgrade

The 230-room Holiday Inn Costa Mesa near South Coast Plaza is being remade into Orange County's latest independent boutique hotel.

Mortgage Applications Rise as Refinancing Demand Jumps

Mortgage applications rose for a second straight week, with demand for home refinancing loans rising to its highest level since early June, data from an industry group showed on Wednesday.

FDIC to Soften Stance, Luring Private Capital

Regulators are likely to back down from the tough stance they took a month ago on rules for auctions of troubled banks, which could clear the way for more private equity bidders to come back into the game.

Durable Goods Orders Surge in July on Aircraft

A surge in demand for aircraft pushed new orders for long-lasting manufactured goods up at their fastest pace in two years in July, the government said on Wednesday, hinting a modest economic recovery was taking shape.

Tuesday, August 25

Home Prices Rise $12,000 in July

The price of an existing Orange County home jumped by nearly $12,000 in July from a month earlier, the California Association of Realtors said on Tuesday.

White House Budget Sees Unemployment Peak at 10%

The White House on Tuesday said unemployment would be higher and the budget deficit larger than earlier thought, which could slow President Barack Obama's drive to push through a major healthcare overhaul.

U.S. Home Prices Rise for a Second Straight Month

Prices of single-family homes rose for the second consecutive month in June, exceeding expectations and adding to evidence that the three-year housing slump is easing, Standard & Poor's reported on Tuesday.

Medtronic Quarterly Net Declines on Charges

Medical device maker Medtronic Inc. said quarterly net earnings fell 38 percent due to restructuring and legal charges, but operating earnings were slightly higher than expected.

Schools Operator Corinthian Beats Expectations, Ups Outlook

Santa Ana-based vocational school operator Corinthian Colleges Inc. posted better-than-expected quarterly results and upped its outlook for the current quarter.

Monday, August 24

Room Service

Hotelier Sodaro Going Boutique in Costa Mesa

Projects, developments and other activity in cities in and around OC

Tease photo

AROUND THE COUNTY

Projects, developments and other activity in cities in and around OC

Projects, developments and other activity in cities in and around OC

Behind Canyon Acres: Financiers, Companies, Restaurateurs, Novelist

Canyon Acres attracts businesspeople to help abused or neglected children

Tease photo

Allergan To Buy Irvine Tower?

Is Allergan looking to buy Maguire’s Irvine office tower?

Tease photo

Circuit Board Makers Find Investor Favor

Local circuit board makers’ stocks are growing in a tough economy

Tease photo

They’re Back: Met-Rx Redux, Sugar Ray Plays

They’re Back: Met-Rx Redux, Sugar Ray Plays

Tease photo

Discounts Rule Back-To-School, Some Bright Spots

RETAIL: Some see sales coming in better than last year, holidays

A look at how retail is faring so far this year

Tease photo

More Consumer Confidence May Be Good for Retail

RETAIL SPACE

As the nation continues to tread through this current recession, there may be a glimmer of light at the end of this lengthy tunnel.

Tease photo

Slowed Industrial Market Sees Slight Improvement in Q2

INDUSTRIAL SPACE

While the Orange County industrial submarket continues to feel the strain of the current economic downturn, there was a slight uptick in activity and absorption during the second quarter.

Irvine Co. Insight

OC’s Largest Landlord Sees Leasing Pick Up From Short-Term Deals, Aggressive Concessions

OC’s largest landlord sees leasing pick up from short-term deals, aggressive concessions

Office Vacancy Up; Building Grinds to Halt

Office buildings feel brunt of unemployment

Medical Office Building in Remission as Vacancy Inches Up

REAL ESTATE: Sales halted as doctors wait for reform, economy

Medical office buildings feeling downturn; Irvine Company stays aggressive to keep tenants

Tease photo

Gone to Carolina

VIEWPOINT

California companies going to more business-friendly states, in a Viewpoint

Webb Set to Lead New Private Homebuilder in Irvine

Trumark Homes Buys 11 Acres in Land Forest; Thompson National Properties Starts Fund

Larry Webb is set to lead a private homebuilder in Irvine, in the Real Estate column

Tease photo

Motion Animation Company Acquired, CEO Stays Put

New Execs at Marshal8e6, OptionEase; H Box Video Display Wraps Up Run at Art Museum

A San Clemente motion animation company is bought, in Technology column

Tease photo

Japanese Eye Drug Maker Opens Office Near Airport

Edwards Lifesciences Offered $11M to Keep Jobs in Utah; BioLase Gets OK to Sell in China

A Japanese drug maker opens an Irvine office, in the Healthcare column

Tease photo

Corinthian Cuts Back Print, Steps Up Social Networking

Brand Affinity, Freedom Hook Up for Endorsements; Johnny Rockets Doing ‘Fame’ Tie-in

Corinthian Colleges ups its social networking, in the Media & Marketing column

Tease photo

Federally Funded Banks Deal With Bad Loans, Elusive Profits

A look at local banks that received federal money

Tease photo

Building Boom Bust Curbs Cities’ Growth

DEVELOPMENT: County’s 34 cities up by 0.7%, 21,339 people

County’s largest cities added 21,339 people

Black & Decker Unit Plans Marketing Push

HOME PRODUCTS: Marketer of locks, faucets, bets on new products

Black & Decker is ramping up marketing for locks

Tease photo

Night Watchman

Ingram Micro Offers Network Monitoring as Part of Services Push

Ingram Micro offers network monitoring as part of a services push

REAL ESTATE DEALS

Sales and leases of offices, industrial buildings, retail space and apartments

Sales and leases of offices, industrial buildings, retail space and apartments

Tease photo

Irvine Software Startup Integrien Raises $6.5M

Irvine’s Integrien Corp., a startup maker of software that helps manage e-commerce, stock trading and other programs that are costly if they go down, on Wednesday said it raised $6.5 million in venture funding.

Mindspeed Raises $8.8M to Pay Off Debt

Newport Beach chipmaker Mindspeed Technologies Inc. has raised $8.8 million in a stock offering and plans to pay off debt with the proceeds.

Microsemi Settles Antitrust Lawsuit, Sells Off Semicoa Assets

Irvine’s Microsemi Corp., a maker of chips for military, aerospace and industrial uses, said Thursday it settled a federal antitrust lawsuit by selling off some recently acquired assets.

Pacific Sunwear Slumps on Outlook, Predicted Slow Recovery

Shares of Anaheim-based mall retailer Pacific Sunwear of California Inc. were down sharply Friday as investors reacted to a lower outlook for the current quarter and predictions of a slow recovery.

Wet Seal Up on Outlook

Shares of Foothill Ranch-based mall retailer Wet Seal Inc. jumped Friday on the company’s better-than-expected sales outlook for the current quarter.

County Loses 68,000 Jobs in June, Unemployment at 9.5%

Orange County lost 68,000 jobs in July versus a year, a slight easing from the 70,000-plus annual job losses the county’s seen for much of this year.

Regulators Warn Allergan About Drug Ad

Irvine-based Allergan Inc. was warned about claims in a print advertisement for an acne drug, regulators said Friday.

Gone to Carolina

California companies going to more business-friendly states. By State Assemblyman, Jeff Miller

Report: Senator Seeks Broad SEC Market Review

A Democrat senator is expected on Monday to ask the Securities and Exchange Commission to review the stock market's structures, Dow Jones Newswires reported, reviving a debate over the market impact of computer-based trading.

Allergan To Buy Irvine Tower?

Is Allergan looking to buy Maguire's Irvine office tower?

Office Vacancy Up; Building Grinds to Halt

Office buildings feel brunt of unemployment

Corinthian Cuts Back Print, Steps Up Social Networking

Corinthian Colleges ups its social networking, in the Media & Marketing column

CALENDAR

A listing of events happening all around Orange County. August 24-September 2, 2009

OCBJ SUPPLEMENTS and GUIDES

Mergers and Acquisitions Guide 2009

Behind Canyon Acres: Financiers, Companies, Restaurateurs, Novelist

Canyon Acres attracts businesspeople to help abused or neglected children

Warner Chilcott Buying P & G; Drug Unit for $3.1B

Warner Chilcott, an Irish drugmaker that specializes in contraceptives and female hormone treatments, will buy Procter & Gamble Co.'s pharmaceuticals business for $3.1 billion, the companies said on Monday.

AROUND THE COUNTY

Projects, developments and other activity in cities in and around OC

Frozen Food Maker Posts Lower Sales, Higher Earnings

Anaheim-based frozen and refrigerated food maker Bridgford Foods Corp. posted its latest quarterly results Monday.

Webb Set to Lead New Private Homebuilder in Irvine

Larry Webb is set to lead a private homebuilder in Irvine, in the Real Estate column

Medical Office Building in Remission as Vacancy Inches Up

Medical office buildings feeling downturn; Irvine Company stays aggressive to keep tenants

Microsemi Jumps on Upgrade; Semicoa Gets Private Equity Parent

Shares of Irvine-based chipmaker Microsemi Corp., which makes chips for military, aerospace and industrial uses, rose after an analyst upgraded the stock Monday.

Slowed Industrial Market Sees Slight Improvement in Q2

While the Orange County industrial submarket continues to feel the strain of the current economic downturn, there was a slight uptick in activity and absorption during the second quarter.

MARKET WATCH

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

Report: Roubini Warns of Double-Dip Recession

Nouriel Roubini, one of the few economists who accurately predicted the magnitude of the world's recent financial troubles, sees a "big risk" of a double-dip recession, according to an opinion piece posted on the Financial Times' website on Sunday.

Discounts Rule Back-To-School, Some Bright Spots

A look at how retail is faring so far this year

Valeant Drug Misses Trial Goal, Shares Fall

Shares of Aliso Viejo-based drug maker Valeant Pharmaceuticals fell Monday after it said one of its drug candidates didn't meet a goal in a mid-stage clinical trial.

Friday, August 21

Pace of Existing Home Sales Fastest in 2 Years

Sales of previously owned homes jumped 7.2 percent in July to mark the fastest sales pace in nearly two years, an industry survey showed on Friday, in a strong sign that housing is pulling out of a three-year slump.

Oil Hits 2009 High Above $74, Eyes Fed Speech

Oil touched a high for this year above $74 a barrel on Friday ahead of further pointers on the economic health of the United States and as the dollar flagged against a stronger euro.

County Loses 68,000 Jobs in June, Unemployment at 9.5%

Orange County lost 68,000 jobs in July versus a year, a slight easing from the 70,000-plus annual job losses the county's seen for much of this year.

Wet Seal Up on Outlook

Shares of Foothill Ranch-based mall retailer Wet Seal Inc. jumped Friday on the company's better-than-expected sales outlook for the current quarter.

Regulators Warn Allergan About Drug Ad

Irvine-based Allergan Inc. was warned about claims in a print advertisement for an acne drug, regulators said Friday.

"Clunker" Rebates to End on August 24

The government said it will suspend its popular "Cash for Clunkers" auto rebates on Monday as the program's $3 billion budget runs dry, a month after it was launched.

Thursday, August 20

Pacific Sunwear Slumps on Outlook, Predicted Slow Recovery

Shares of Anaheim-based mall retailer Pacific Sunwear of California Inc. were down sharply Friday as investors reacted to a lower outlook for the current quarter and predictions of a slow recovery.

Jobless Claims Unexpectedly Rise

The number of workers filing new claims for jobless benefits unexpectedly rose last week, a government report showed on Thursday, fanning worries of an anemic recovery from the worst recession in 70 years.

Bank of America's Countrywide Loses Court Ruling on Mortgages

A federal judge has ruled that Bank of America Corp. cannot have a lawsuit by investors seeking to force it to buy back mortgages heard in federal court, saying he lacks jurisdiction to decide the case.

Microsemi Settles Antitrust Lawsuit, Sells Off Semicoa Assets

Irvine's Microsemi Corp., a maker of chips for military, aerospace and industrial uses, said Thursday it settled a federal antitrust lawsuit by selling off some recently acquired assets.

Mindspeed Raises $8.8M to Pay Off Debt

Newport Beach chipmaker Mindspeed Technologies Inc. has raised $8.8 million in a stock offering and plans to pay off debt with the proceeds.

Report: "Clunker" Program May End By Early September

The government's "cash for clunkers" autos sales incentive program may be wound down as soon as early September, the Wall Street Journal said, citing a person familiar with the matter.

Wednesday, August 19

Mortgage Applications Rise as Rates Plunge

Mortgage applications rose last week, largely reflecting a jump in demand for home refinancing loans as interest rates slid to a five-week low, data from an industry group showed on Wednesday.

Investors Eye Top Startups as IPO Market Awakens

Investors, encouraged by a growing number of acquisitions and public floats in the past few months, are keeping a close eye on a coterie of promising startups in Silicon Valley.

Stock Split, Nasdaq Bid for Vietnamese Construction Co.

A Vietnamese construction company with its executive base in Huntington Beach is undertaking a 40-to-1 stock split as part of a bid to move from the low-profile Bulletin Board stock exchange to Nasdaq.

Irvine Software Startup Integrien Raises $6.5M

Irvine's Integrien Corp., a startup maker of software that helps manages e-commerce, stock trading and other programs that are costly if they go down, on Wednesday said it raised $6.5 million in venture funding.

Treasuries Stay Course as Riskier Assets Flag

The haven of government bonds is recapturing some luster as it dawns on investors stocks cannot rally much more without a strong economic rebound.

Tuesday, August 18

Anaheim Hospital Changes Name, Lines Up Credit

Anaheim Memorial Medical Center has renamed itself AHMC Anaheim Regional Medical Center and lined up a $17.5 million line of credit to fund operations.

Home Prices Inch Up $2,000 in July

Orange County's median home price inched up $2,000 in July from June, as sales of more expensive coastal homes here and elsewhere in the Southland picked up and lower-priced foreclosures waned.

UnitedHealth Medicare Plan Keeps Street on Edge

Wall Street is bracing for an aggressive strategy from UnitedHealth Group Inc. that stands to shake up the private market for providing coverage under Medicare.

Quarterly Results From Target, Saks Beat Wall Street

Retailers Target Corp. and Saks Inc. posted better-than-expected quarterly results on Tuesday as they clamped down on expenses and inventory to offset falling sales, sending shares higher.

National Retail Federation: Big Part of Back-to-School Sales Still Ahead

Retailers looking for a much-needed sales boost may find a glimmer of hope in a survey released on Tuesday showing consumers have not yet finished the majority of their back-to-school shopping.

Pimco's El-Erian: Stock Rally Overdone

Wall Street's rebound has gotten ahead of itself, Mohamed El-Erian, chief executive of Newport Beach-based bond fund manager Pacific Investment Management Co., said Tuesday.

Monday, August 17

New Focus

Ford’s Irvine Design Studio Still Here, Thinking Globally

Some may be surprised that Ford’s design center in Irvine still employs 15 people

Tease photo

UCI Cost Cutter; Ex-Californians Rip Golden State

UCI Cost Cutter; Ex-Californians Rip Golden State

Veggie Grill Founders Look to Expand No-Meat Eatery

SMALL BUSINESS: Veggie Grill's founders say business has far exceeded their expectations

PEOPLE

Hirings, promotions and other moves at local businesses

Grubb & Ellis' Stock's Steady on Delisting Threat

Investors in Santa Ana-based Grubb & Ellis Co. were unfazed Monday as the real estate investment company was warned of a delisting by the New York Stock Exchange.

State of the State

A business coalition recently formed to fight an impending California Energy Commission regulation restricting the sale of big-screen TVs.

Fan Fests, Conventions Give Anaheim, OC Hope for '10

Why there is hope for Anaheim hotels in 2010

DISNEY EFFECT

Why Anaheim hotels have a frenemy in Disney

Early El Toro Work Near; Major Building a Variable

All the Great Park's backers appear to need now is a revitalized real estate market

ASK THE EXPERTS

A Q & A; with local meeting experts

Masimo's Latest Device Hits Some Hospital Resistance

A pullback in spending by hospitals is being felt at Masimo, in the Healthcare column

REAL ESTATE WATCH: LOW-RISE OFFICE SPACE

There is little leasing activity for local low-rise office space, in Real Estate Watch

Exec Leaves Grubb To Lead Voit Growth

The head of Grubb & Ellis' brokerage operations in OC has moved to a competitor

Travel Agencies' Revenue Up On Carlson Wagonlit Growth

What 2008 sales looked like for the 21 largest travel agencies in OC

Public Perception

How meeting planners and resorts are dealing with the AIG effect.

BlizzCon '09 to be Bigger than '08 with Contests, Games

Blizzard's fourth annual fan fest is set to kick off this week, in the Technology column

Fed, Treasury Extend TALF to Mid-2010 for CMBS

The Federal Reserve said on Monday it will extend to mid-2010 an emergency program aimed at boosting lending in the ailing commercial real estate market.

MARKET WATCH

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

Pay Czar Says He Can "Claw Back" Exec Compensation

Kenneth Feinberg, the Obama administration's pay czar, said on Sunday he has broad and "binding" authority over executive compensation, including the ability to "claw back" money already paid, and he is weighing how and whether to use that power.

Now Onto Big Growth Projections for Emulex

All eyes are on Emulex

REAL ESTATE DEALS

Sales and leases of offices, industrial buildings, retail space and apartments

Maguire Givebacks Bring Short-Term Uncertainty

Tenants in OC offices currently operated by Maguire stand to face an interesting rest of the year

Style Week Back at Spectrum; LRG Debuts on Catwalk

LRG is set to lead off the first of five runway shows for Style Week at the Irvine Spectrum next month, in the Marketplace column

Real Mex Tests Ad Mix, Eyes 2010 Push, Agency Search

The downturn is allowing Real Mex Restaurants to try out different advertising, in the Media & Marketing column

China's CIC Set to Invest in U.S. Mortgages

China's $200 billion sovereign wealth fund, which lost big on its ill-timed 2007 Morgan Stanley and Blackstone bets, plans to invest up to $2 billion in U.S. mortgages as it eyes a property market rebound, two people with direct knowledge of the matter sa

KUDOS

A look at people, companies and institutions receiving awards, accolades, grants and other honors

Irvine Co. Office Unit Names Chairman, Hires Hines Exec

Newport Beach-based Irvine Co. has promoted two of its highest-ranking office property executives, Val Wheeler and Steve Case, and has also hired away the local head of operations for fellow developer Hines Interests LP.

Subdued Surfer Ball

A look at the 20th annual Waterman's Ball

REVIEW

"Chitty Chitty Bang Bang," Orange County Performing Arts Center, until Sunday

Chip Startup's Investment Includes Buyout Option

Chip startup Symwave has lured a strategic investor that's also a potential suitor

Grubb Sees 2010 Market Turn, Near-Term Debt Issues

Getting through the rest of 2009 unscathed could prove tricky for Grubb & Ellis, in the Real Estate column

Allergan Exploring Hair Growth Use for Drug

Irvine-based Allergan Inc. may have stumbled upon a biggie in its ongoing quest to find cosmetic uses for its drugs: growing hair.

Friday, August 14

Local Grubb Brokerage Exec Leaves for Voit

Kurt Strasmann, the longtime head of Santa Ana-based Grubb & Ellis Co.'s brokerage operations in Orange County, has moved to one of its biggest competitors.

Amway Parent Buys Vitamin Maker

San Clemente-based Metagenics Inc., a maker of vitamins and supplements for doctors, chiropractors, nutritionists and others, is selling a majority of the company to the parent of Amway.

Flaws Halt Work on Boeing 787 Sections

Boeing Co. said on Friday an Italian supplier stopped production in June on two sections of its long-delayed 787 Dreamliner after structural flaws were found on fuselages.

Survey: Consumers' Mood Darkens in August

Consumer confidence fell in early August as a growing number of Americans fretted about their finances even though they expected the broader economy to improve, a survey showed on Friday.

Bank of America Ends Arbitration of Card Disputes

Bank of America Corp., the largest U.S. bank, said on Thursday it is dropping a requirement that forces consumers with disputes on credit cards and other accounts into an arbitration process, which critics say favors card issuers.

Edwards Considering Utah Expansion

Irvine-based Edwards Lifesciences Corp. is considering expanding operations in Utah.

Thursday, August 13

Report: Pimco's Gross Pays $23M for Newport Home

Bond fund manager Bill Gross has bought a Newport Beach home for $23 million, according to the Wall Street Journal.

Emulex Sees Small Market Share Gain on Rival QLogic

Costa Mesa's Emulex Corp. eked out a small second-quarter market share gain at the expense of top rival Aliso Viejo's QLogic Corp. for a profitable bit of electronics for data storage networks.

William Lyon Swings to Profit

Newport Beach-based William Lyon Homes Inc. reported net income of $39.4 million in the second quarter, a big swing from the $38.9 million loss the homebuilder saw a year ago.

Food Giants Say U.S. Running Out of Sugar

Large food companies have been pushing the Obama administration to ease sugar import curbs, threatening higher consumer prices and possible job losses, citing forecasts for unprecedented sugar shortages.

Kohl's Sees Weakness, More Costs Ahead; Shares Fall

Kohl's Corp. issued a disappointing outlook for the rest of 2009 on Thursday, citing higher costs from opening new stores and persistently frugal shoppers, and shares fell 1 percent.

Home Foreclosures Set Another Record in July

Home loans failed at a record pace in July despite ongoing federal and state programs to avoid foreclosures, which have severely strained housing and the economy.

Cash For Clunkers Reversing Hyundai Sales Decline

Fountain Valley-based Hyundai Motor America reported a reversal in its seven month auto sales decline this month, helped by the government's "cash for clunkers" vehicle trade-in program.

Wednesday, August 12

Trade Gap Widens on Oil Prices

The trade deficit widened in June to $27 billion, as goods imports increased for the first time in 11 months on the back of higher oil prices, a Commerce Department report said on Wednesday.

Report: Pacific Sunwear Could See Calif. Rebound

Shares of Anaheim-based mall retailer Pacific Sunwear of California Inc. closed up more than 10% on an analyst's report suggesting a rebound in the company's dominant home state.

Electronics Maker Shuts Massive Fullerton Plant

Taiwan's Foxconn Electronics Inc., one of Orange County's largest contract electronics makers, has closed its Fullerton operations.

Bank Reports Lower Profit, Uptick in Loans

Newport Beach-based Orange County Business Bank reported a lower profit for the first six months of the year but made more loans.

Mortgage Applications Drop as Loan Rates Rise

Mortgage applications fell last week, reflecting a drop in demand for home refinancing loans as interest rates soared to their highest levels since June, data from an industry group showed on Wednesday.

Fed Extends Time But Not Amount of Debt Buy

The Federal Reserve said on Wednesday it will extend the duration but not the dollar amount of a program to buy long-term government securities, and said the economy was showing signs of leveling out after 20 months of recession.

Tuesday, August 11

QLogic Rallies on Analyst Upgrade

Shares of Aliso Viejo's QLogic Corp., a maker of electronics for data storage networks, jumped Tuesday after an analyst upgraded the stock.

CIT Shares Fall On Bankruptcy Warning

Shares of CIT Group Inc. sank 20 percent on Tuesday after the troubled lender delayed filing its second-quarter report with regulators and again warned it may have to file for bankruptcy.

LBA Realty Getting Part of Maguire's Park Place Campus

Los Angeles-based Maguire Properties Inc. has turned over ownership of a large portion of its Park Place campus in Irvine to a local investor, LBA Realty.

Report: Home Prices Fall, But Rate Slows

The value of homes fell by 12.1 percent in the second quarter from a year earlier, but the rate of decline shrank for the first time since prices began to fall in 2007, real estate website Zillow.com said on Tuesday.

Report: Distressed-Debt Deals in 2009 Reach $84.4B

The total value of distressed-debt deals, where creditors use their debt positions to take ownership of troubled companies, has touched $84.4 billion this year, the Wall Street Journal said, at a pace close to double that of 2008.

Monday, August 10

DRIVE RISE

Western Digital Rebounds, Poised To Surpass Seagate

Western Digital is weathering the downturn better than Wall Street had expected

Tease photo

Survey: Most Hospitals Can’t Finance Seismic Retrofits

ICU Medical Cutting Back on R&D Spending; Cortex Pharmaceuticals Gets $2M Investment

Tight construction financing is hitting hospitals, in the Healthcare column

Tease photo

Device Maker I-Flow Up on Results, Profit Forecast

Shares of Irvine's I-Flow Corp. closed up Monday after the medical device maker edged out expectations with its quarterly results and said it foresees an operating profit for the year.

YouMail Makes Voicemail Easier to Use, More Personal

A local company is looking to make voicemail less annoying, in the Technology column

First American Sees Strong Q2, Ramps Up Business Split

Executives for First American appear to be gaining optimism about the real estate market, in the Real Estate column

Report: Banks to Make $38B From Overdraft Fees

Banks are poised to make $38.5 billion in customer overdraft fees this year, the Financial Times said, citing research by Moebs Services.

SunCal Backing Bid To Acquire Projects

A New York investment firm is looking to acquire nine SunCal Cos. projects

Rash of Closures, Changes Give Way for Reinvention

The latest on OC's dining scene, in the Executive Dining column

MARKET WATCH

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

REAL ESTATE DEALS

Sales and leases of offices, industrial buildings, retail space and apartments

Longtime Printer Maker Printronix Sees Executive Shift

Printronix's leadership has changed hands after 35 years under the same executive

Dental Insurers Saw 5% Drop in Members in Past Year

Why dental insurers saw a drop in enrollment last year

PEOPLE

Hirings, promotions and other moves at local businesses

OC Register, Los Angeles Times Add to Partnership

Why the L.A. Times is delivering the OC Register's papers, in the Media & Marketing column

Survey: Most Hospitals Can't Finance Seismic Retrofits

Tight construction financing is hitting hospitals, in the Healthcare column

Cigna's Local Leader Sounds Off on SoCal Phenomenon

Chris De Rosa Explains Businesses' 'Creative' Solutions in Tough Times, HMO Dominance

OCBJ SUPPLEMENTS and GUIDES

Tech and Telecom Guide, Summer 2009

Electronics Maker Shuts Massive Fullerton Plant

One of OC's largest contract electronics makers is closing its Fullerton operations

Conference Board: Job Growth Unlikely in the Next Year

A gauge of the job market remained unchanged in July for the third straight month, indicating that employment will remain weak throughout the coming year, a research group said on Monday.

'Toothache'

How the local dental industry is dealing with the economic slowdown

AROUND THE COUNTY

Projects, developments and other activity in cities in and around OC

Nice Timing: Hotel's Redo Helps Dodge Slump

If there were ever a time for a hotel to have half of its rooms out of commission, it's now

Maguire Turning Over Local Buildings to Lenders

Embattled landlord Maguire Properties Inc. said Monday it plans to turn over five Orange County offices properties, including its massive Park Place campus in Irvine, to lenders in a bid to save cash.

U.S. Bank Calls Downey Takeover Done Deal

After taking over Downey Savings eight months ago, U.S. Bancorp says the thrift's transformation is complete

Local HMOs On a Rebound, Saw 5.6% Gain in Members

A look at the gains in enrollment in local HMO and PPO insurers

Allergan's Pyott Cautiously Upbeat

Is the worst over for Allergan?

Device, Drug Makers Look for Better Relationship with FDA

Local medical device and drug makers are looking to President Obama to help improve their relationship with the FDA

ASK THE EXPERTS

Q & As; with local healthcare executives

VIEWPOINT

State Senator, Mimi Walters comments on the The California Energy Commission's latest proposed regulatory experiment

McDonald's Sales Beat Expectations

McDonald's Corp. said sales at restaurants open at least 13 months rose a better-than-expected 4.3 percent in July, helped by gains in Britain, France and the United States.

Law Firms Add SEC Talent; Biz Profs Pan Clunker Program

Law Firms Add SEC Talent; Biz Profs Pan Clunker Program

CALENDAR

A listing of events happening all around Orange County. August 4-12, 2009

Law Firms Freezing Fees to Keep Clients

Even law firms are dropping their prices in the weak economy

Quest Software Continues Bullish Run

Shares of Aliso Viejo business software maker Quest Software Corp. continued their runup on Tuesday, a day after the company reported second-quarter profits that topped expectations and offered some upbeat comments about the current quarter.

Friday, August 7

Pacific Life Sees Life Insurance Gains Amid Down 2008

Newport Beach-based Pacific Life Insurance Co. was among the top gainers in what was a lackluster year for life insurance in 2008.

"Cash for Clunkers" Gets a $2B Boost

The Senate approved and sent to the White House on Thursday a $2 billion extension of the "cash for clunkers" autos sales incentive program.

Toyota to Decide on California Plant By End of Month

Toyota Motor Corp. will decide by the end of this month whether to pull out of a California plant it has operated with General Motors since 1984, a top executive said on Friday.

No Final Deal Yet in Tax Dispute With UBS

No final out-of-court settlement has yet been been reached in a tax-evasion dispute pitting the government against Swiss bank UBS AG, a Justice Department attorney said on Friday.

Circuit Board Maker Soars on Quarterly Outlook

Shares of Anaheim's Multi-Fineline Electronix Inc., a maker of flexible circuit boards for mobile phones, continued their bullish run Friday, a day after the company gave an outlook for the current quarter that surpassed Wall Street's expectations.

Drug Maker Spectrum's Shares Rise on Takeover Buzz

Shares of Irvine drug maker Spectrum Pharmaceuticals Inc. surged Friday on takeover speculation.

Thursday, August 6

Retailer Wet Seal Sees Drop in July Sales

Foothill Ranch-based mall retailer Wet Seal Inc. reported its second straight month of disappointing sales with results for July.

Costco July Same-Store Sales Fall 7%

Costco Wholesale Corp. on Thursday reported a bigger-than-expected 7% fall in July same-store sales hurt mainly by a strong dollar.

Emulex Slumps on Quarterly Outlook

Costa Mesa-based Emulex Corp. beat Wall Street expectations with results for the recently ended quarter but offered a narrowed outlook for the current quarter.

Report: AIG Breakup Nets Wall Street $1B Bonanza

Wall Street banks and lawyers could collect nearly $1 billion in fees from the Federal Reserve Bank of New York and American International Group Inc. to help manage and break apart the insurer, The Wall Street Journal said on Wednesday, citing its own ana

Grubb & Ellis' Quarterly Loss Widens, Revenue Down

Shares of Santa Ana-based Grubb & Ellis Co. fell as much as 10% before rebounding Thursday after the real estate brokerage and investment company reported a bigger loss and lower revenue for the second quarter.

Cisco Cautious on Recovery Prospects, Shares Down

Cisco Systems Inc. Chief Executive John Chambers said business conditions were improving for the world's largest network equipment manufacturer but it was too soon to call a recovery, dragging its shares down 3%.

CEO Leaves Sports Shoe Maker, Chairman Takes Charge

Aliso Viejo-based American Sporting Goods Corp. said its chief executive has stepped down and been replaced by the shoemaker's owner and chairman.

Wednesday, August 5

Blizzard Sees New Online Game Delayed

Irvine's Blizzard Entertainment Inc., part of Vivendi SA's Activision Blizzard Inc., said Wednesday the company is delaying the release of one of its new online games.

Costa Mesa's Wyndham Hotel in Receivership

The Wyndham Orange County Hotel in Costa Mesa's arts district is under the control of a court-appointed receiver, according to Superior Court records.

Irvine's Newport Corp. Beats Expectations

Irvine-based Newport Corp., which makes lasers used in chip manufacturing, research and medical devices, reported second quarter results that beat Wall Street's expectations.

Service Sector Shrinks Faster in July

The service sector contracted in July at a faster pace than in June, adding to worries that any economic recovery may still be a long way off, according to a report released on Wednesday.

Procter & Gamble Profit Falls, Sales Light, Shares Skid

Procter & Gamble Co. posted an 18% drop in fourth-quarter profit as sales fell more than expected, and the company's shares slipped 2% even though it stood by its 2010 profit forecast.

Pace of Job Losses Slows, Planned Layoffs Rise

The number of jobs lost in the private sector fell in July but firms increased planned layoffs, data on Wednesday showed, suggesting the labor market remained troubled even as the pace of job losses slowed.

Tuesday, August 4

Second Adviser Recommends Against Broadcom Proposals

A second shareholder advisory group has come out with a report against Irvine-based Broadcom Corp.’s proposals that would change board members and make it easier to acquire Costa Mesa’s Emulex Corp.

GMAC Net Loss Widens to $3.9B

Auto and mortgage lender GMAC Financial Services said on Tuesday its quarterly net loss widened to $3.9 billion in the second quarter, from $2.5 billion a year ago, reflecting charges related to the company's incorporation and mortgage losses.

CVS Caremark Posts Higher Profit, Raises View

CVS Caremark Corp. posted a bigger-than-expected jump in quarterly profit on Tuesday, aided by new stores and increased demand as consumers bought Easter treats and products to combat the H1N1 flu.

Allergan Options Trading Again Surges on Takeover Speculation

Irvine's Allergan Inc., a midsize drug maker that's long been the subject of buyout speculation, has seen a surge in investor bets that it could be a takeover target.

Valeant Beats Expectations, Ups Profit Outlook

Aliso Viejo-based drug maker Valeant Pharmaceuticals International on Tuesday reported better than expected second-quarter sales and profits and upped its profit outlook for the rest of the year.

STEC Shares Slump on Executive Sell-Off

Shares of Santa Ana's STEC Inc., a maker of flash memory drives for corporate and industrial uses, slumped Tuesday, a day after the company said its executives are set to sell off shares.

Masimo Tops Profit Estimates, Lowers Revenue Outlook

Masimo Corp., an Irvine-based medical device maker, on Tuesday reported a better-than-expected second-quarter profit but saw slowing sales that led it to lower its revenue outlook for the rest of the year.

July Retail Sales Lack Back-to-School Bounce

Retailers could post their 11th consecutive drop in monthly same-store sales this week as cool weather, a weak job market, and a lack of tax-free holidays had shoppers picking through the clearance racks in July instead of buying full-priced back-to-schoo

Monday, August 3

Wealth Dips as Downturn Plays Out Among Rich

The rich don't always get richer. The 31 wealthiest people in Orange County saw an estimated 10% drop to $33.1 billion in combined wealth in the past year, according to this week's Business Journal list.

Irvine-based Web Software Maker Lands $8M Funding

A local maker of Web-based software for managing debt collection and payments has raised nearly $8 million, in the Technology column

REAL ESTATE WATCH: ORANGE COUNTY CONSTRUCTION

Construction companies are being hurt by the slowdown in local office building.

The Curious Case of Henry Nicholas

The remaking of Henry Nicholas

Sin City Shores

OC's Sin City ties

Dealers Push Cash for Clunkers Rebate to Draw Buyers

A look at the "Cash for Clunkers" program, in the Marketplace column

CALENDAR

A listing of events happening all around Orange County. August 4-12, 2009

Manufacturing Shrinks Less in July Than June

A widely followed nationwide index on manufacturing could show the sector back on a growth path when the next report comes out in early September.

GIVING

Fundraisers and charitable donations from companies and people

Quiksilver Renegotiates European Debt

Huntington Beach-based clothing maker Quiksilver Inc. said Monday it's refinancing part of its European debt and closed earlier deals to rework its U.S. finances.

Clunker Trade-Ins to Boost July Auto Sales

The punishing four-year decline in auto sales may have reached a turning point this week. Thousands took advantage over the past week of the government's "Cash for Clunkers" incentive of up to $4,500 to trade in older gas-guzzlers for newer, more fuel-eff

No. 2 - Henry Samueli

Henry Samueli, Cofounder, technical adviser, Broadcom Corp. estimated worth: $1.8 billion

Standard Pacific Finds Promise in Q2 Results

Standard Pacific appears to be on much firmer financial ground than it's been in some time

FDA Panel Gives Nod to Less-Invasive Heart Valves

Any kind of positive news for less-invasive heart valves can only boost the approval chances for Edward's Sapien valve, in the Healthcare column

Guarded Age

Rich Still Rich, But Investment Losses, Recession Spur Shift in Thinking, Changing Ways

Nos. 3 - 15 OC's Wealthiest People

A look at OC's residents worth $250 million or more

Wealth Dips Across Board as Downturn Plays Out Among Rich

Wealth Dips Across Board as Downturn Plays Out Among Rich

Wanted: Fast-Growing Private Companies for Third Annual List

We know you're out there. The Business Journal is producing its third annual list of fast-growing privately held companies in October.

Orange Coast Cuts President, Director of Marketing

Orange Coast magazine has made some additional cuts, in the Media & Marketing column

OTHER CENTIMILLIONAIRES

Those estimated to be worth $100 million or more, though an exact number is hard to pin down

Beckman Coulter Wraps Up Olympus Buy

Beckman Coulter Inc. said Monday that it finalized its $800 million buy of a laboratory diagnostics business from Japan's Olympus Corp.

VIEWPOINT

Sen. Mimi Walters says California's latest regulatory experiment is absurd, in Viewpoint

Humana Profit Up, Helped by Medicare; Shares Rise

Health insurer Humana Inc. posted a higher-than-expected quarterly profit as an improved performance in its Medicare plans for the elderly offset a decline in earnings from its business serving employers.

Growth Spurt

Pacific Pharmacy Group is growing by staying small

Automakers See Gains with July Sales

Several Orange County-based automakers saw a gain in July sales as consumers were lured to dealerships by the government's cash for clunkers program.

PEOPLE

Hirings, promotions and other moves at local businesses

Is Makar Angling to Reclaim St. Regis?

Makar Properties may be angling to get back the St. Regis

OCBJ SUPPLEMENTS and GUIDES

Education Services Guide, Summer 2009

Future Fins Expands Huntington Beach Headquarters

It's been a busy summer for surfboard fin maker Future Fins, in the Small Business column

Nos. 16 - 31 OC's Wealthiest People

A look at OC's residents worth $250 million or more. Part 2

Show Me the Money

A look at the sports ties of OC's rich residents

Bank of America Appoints Merrill Lynch Exec Greg Mech Market President

The search is over for Bank of America's local leader

MARKET WATCH

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

Noteworthy Deals Executed in Tough Industrial Market

OC's industrial market is seeing its worst performance in at least five years, in the Real Estate column

Region's Richest

How OC's wealthy stack up against San Diego's and LA's

REAL ESTATE DEALS

Sales and leases of offices, industrial buildings, retail space and apartments

Another Shakeup in Nick's Defense Team; Campbell Does CNBC

Another Shakeup in Nick's Defense Team; Campbell Does CNBC

Newport Developer Buys $8M Fullerton Industrial Site

Western Realco has made its largest local acquisition in several years,

Bondholders May Run Freedom Communications

A look at what Freedom Communications could do about its debt

No. 1 - Donald Bren

Donald Bren, Chairman, Irvine Company, estimated worth: $12 billion