Stories for January 2011

Monday, January 31

Wells Fargo Cutting 145 Mortgage Jobs in Irvine

Wells Fargo & Co. said Monday it will cut 145 employees from its wholesale lending division in Orange County.

ICU Medical Beats Expectations, Shares Up

ICU Medical Inc., a San Clemente medical device maker, on Monday reported fourth-quarter results that surpassed Wall Street’s expectations, sending its shares soaring in afterhours trading.

Masimo Up on Covidien Royalty Extension

Shares of Irvine medical device maker Masimo Corp. rose Monday after it said it extended a royalty deal with a longtime rival.

Intel Finds Chip Flaw, Cuts Revenue Forecast

Intel Corp. found a defect in one of its chips, hurting its credibility at a time when demand for microprocessors in personal computers is being threatened.

Exxon Profit Tops Street On Taxes and Output

Exxon Mobil Corp. reported a better-than-expected 53% increase in quarterly profit, helped by a lower tax rate and a surge in natural gas production in the United States and Qatar.

Factory, Spending Data Support Strong Growth Tone

A measure of factory activity in the U.S. Midwest rose to a 22 1/2 year high in January on strong orders and employment prospects, bolstering hopes the economy would stay on a solid growth path this year.

Allergan Buys Co-Promotion Rights to Migraine Drug

Allergan Inc., the Irvine-based maker of Botox and other drugs, said Monday it would spend $60 million to buy co-promotion rights for a migraine headache drug from a Bay Area drug maker.

Sunday, January 30

REAL ESTATE DEALS

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

HAIR

“Hair,” Segerstrom Center for the Arts, through Sunday

A Review of the musical HAIR

Tease photo

Pension Fund, Panattoni Forge Industrial Venture

Venture Valued at $1.2B, Panattoni Buildings in Mix

Panattoni is teaming up with a local pension fund, in Real Estate

Tease photo

PacifiCare’s Parent UnitedHealth Tops Q4 Expectations

Healthcare Reform an Issue for It, Other Insurers

UnitedHealth Group posted solid profits, in Healthcare

Bankruptcy for Clothes Seller

APPAREL: Business continues for Draper’s at stores, catalogs

Draper’s & Damon’s has filed for bankruptcy

Tease photo

Next Tango in Costa Mesa?

VIEWPOINT

Jerry Sullivan sees art inspiration in local neighborhoods

Inside CHOC

Hospital, Healthcare Executives, Docs Lead ‘Empathetic’ Team

CORNER OFFICES: A look at the culture of Children’s Hospital of Orange County

Tease photo

Contrite Spitzer Urges Supes to Fight On; Mayor’s Near Gaffe

OC INSIDER Column by Rick Reiff

Oakley Leads Job Gain at Largest Foreign-Owned Companies

THE LIST: Oakley, Blizzard rule; 560 new jobs in past year

ABOUT THE LIST: The county’s largest foreign-owned companies saw an uptick in hiring. Includes the 2011 OC's FOREIGN-OWNED COs List for download (pdf)

Tease photo

Retail Market Still Tentative Despite Healthy Holiday

RETAIL SPACE

The Orange County retail market enters 2011 on the back of a strong holiday shopping season that topped off the fourth quarter of 2010.

D.C. Refugee Heading Up Pimco’s Stock Push

FINANCE: Kashkari was key TARP player; $2B in first fund

A look at Pimco’s stocks guy

Tease photo

More Improvements for Industrial; North County Leads Way

INDUSTRIAL SPACE

The Orange County industrial market remained on a healthy track through 2010, with approximately 13.1 million square feet of gross leasing and sale activity compared to 8 million square feet in 2009.

Office Market Looks Poised for Comeback On Occupancy Gains

OFFICE MARKET

The fourth quarter offered indications that the Orange County office market is in the early stages of recovery just a year after being branded as one of the hardest-hit areas of the nation.

Wave of Aging Baby Boomers Benefits Healthcare Landlords

HCP Inc. in Long Beach biggest player in U.S. on year-end flurry of deals

The senior housing market is proving not just attractive to developers but to real estate investment trusts, now on a hot streak after weathering the recession.

Tease photo

Smaller Office Deals Do Their Part to Drive Recovery

Account for bulk of leases; sales picking up as tenants look to catch bargain prices

Big deals are blossoming in Orange County’s commercial real estate sector. But the local market’s bread and butter deals—small and mid-sized sales and leases—also are starting to see an uptick.

Tease photo

From Soft Goods to Hard Bodies

LEASING: Fitness centers fill voids left by Linens ‘n Things, Mervyns, other former retailers

The local fitness industry has created a new workout routine: pumping up empty shopping centers.

Tease photo

Redevelopment Agencies Find Business Backers as Cuts Loom

GOVERNMENT: Brown wants elimination of 400 in state; cities, some developers tout their value

City officials across the state are up in arms over Governor Jerry Brown’s plan to do away with several hundred local redevelopment agencies as a way to help balance the state’s beleaguered budget.

Tease photo

Mixing It Up

Ceradyne Offsets Defense With Solar, Other Units

Ceradyne is shifting away from body armor

Tease photo

LehmanMillet Picks Up Abbott Medical Unit, Others

Healthcare Marketing Shop Handling Cataract Division

LehmanMillet recently won four accounts, in Media and Marketing

Quest Expanding in Ireland, Plans for 150 Workers by 2013

Already Has Dublin Site, Joins Other OC Companies

Quest Software is expanding in Ireland, in Technology

NEWS OF THE WEEK

Stories in this week’s Orange County Business Journal

UCI Hospital Chief Aims To Grow Number of Insured

HEALTHCARE: Specialties seen drawing “well-insured”

UCI Medical Center is looking to up its number of insured patients

Tease photo

Piracy Bill: Broader Implication for Apparel Makers?

REGULATION: Local brands, trade group eye potential fallout

A proposed law could hurt apparel makers and retailers

Tease photo

County Healthcare Program Acquires Orange Office

HEALTHCARE: CalOptima set to expand with health reform

CalOptima is expanding with a building buy in Orange

Tease photo

Growing Law Firm Hires Attorneys for Life Sciences Group

The growing Irvine office of Gordon & Rees started a life sciences practice

Tease photo

Microsoft Adding Second Store to Local Empire

TECHNOLOGY: 250 people at tech center, stores, acquisition

Microsoft is planning a second store here

Price Cutting Rules Luxury Homes Market

REAL ESTATE: Prices down 40% or more from 2006’s peak

The county’s upscale homes are seeing more price cuts

Tease photo

Clothes Maker Obey Expanding in Irvine

APPAREL: Company takes former Silver Star headquarters

Obey Clothing is moving to Irvine in an expansion

Tease photo

Friday, January 28

Quality Systems Rises as Results Beat Expectations

Quality Systems Inc., an Irvine healthcare software maker, on Friday reported results for its most recent quarter that surpassed analysts’ projections.

Report: Private Equity Firm Drops Out of Joint Beckman Bid

A private equity bidder for Brea-based Beckman Coulter Inc. has dropped out of a joint offer for the company, according to Bloomberg.

Ford Profit Drops on Higher Costs, Shares Slide

Ford Motor Co.'s fourth-quarter earnings fell far short of Wall Street expectations on higher costs to launch new vehicles like the Explorer, increasing commodity prices and an unexpected loss in Europe, sending its shares down 11.5%.

End of Cheap Food Era as Grain Prices Stay High

U.S. grain prices should stay unrelentingly high this year, according to a Reuters poll, the latest sign that the era of cheap food has come to an end.

Microsoft's Windows Disappoints on Lukewarm PC Sales

Sales of Microsoft Corp.'s Windows software fell short of outsized expectations, rekindling fears that the spread of mobile gadgets will erode its main PC-focused business.

Thursday, January 27

Board Rejects Plan To Sell Fairgrounds

Members of the OC Fair Board Thursday rejected former Gov. Arnold Schwarzenegger’s plan to sell the fairgrounds in Costa Mesa, defying the person who appointed them and further complicating the battle over the future of the 150-acre site.

QLogic Rises on Better Than Expected Profits

Shares of Aliso Viejo’s QLogic Corp., a maker of electronics for data storage networks, rose Thursday after the company’s December quarter profits trounced Wall Street’s expectations.

Microsemi's Outlook In Line

Shares of Irvine-based chipmaker Microsemi Corp. rose Thursday after the company gave an outlook for the current quarter that was in line with Wall Street’s expectations.

December Auto Sales Rise

Sales at Orange County auto dealers continued their recovery with a 24% rise in December to 10,830 autos sold.

S&P Cuts Japan Sovereign Debt Rating

Standard & Poor's cut Japan's credit rating for the first time since 2002, saying Tokyo lacked a plan to deal with its mounting debt, in a warning that will rattle other heavily indebted rich nations.

Manufacturing Profits Suggest Stronger Economy

Slimmed-down work forces helped drive better-than-expected quarterly results from U.S. manufacturers, though some investors worried that persistently high unemployment threatens the recovery.

GM Drops U.S. Loan Application After Turnaround

General Motors Co. has withdrawn its application for $14 billion in subsidized loans from the U.S. Department of Energy, saying it has the financial strength to fund investment in more fuel-efficient and electric vehicles on its own.

Wednesday, January 26

BlackRock Takes Aim at Pimco's New Normal

Financial blogs, Twitter accounts and websites are a buzz following the jab BlackRock Inc. Chief Executive Larry Fink took at Pacific Investment Management Co.’s Mohamed El-Erian and his economic outlook on the recovery.

Infusion Company Amerita Buys San Antonio Business

Amerita Inc., an Irvine company that provides intravenous drugs to patients in their homes, said Wednesday that it bought an infusion business in San Antonio for undisclosed terms.

Intel Wins EU Approval For McAfee Deal

Intel's acquisition of data security firm McAfee Inc. cleared its last major hurdle after EU regulators approved the $7.68 billion deal on the condition that Intel grant rival firms access to its technology.

Analyst: Billabong Could Be Takeover Target

The Australian parent company of Irvine-based clothing maker Billabong USA could be a possible takeover target, according to an analyst.

Dow Hits 12,000 Level After Data

The Dow Jones Industrial Average hit the 12,000 level for the first time since June 2008.

New Homes Sales Hit Eight-Month High

New single-family home sales raced to their highest level in eight months in December while prices were the highest since April 2008, raising cautious optimism for a housing market recovery.

Boeing Profit Falls; Shares Down on 2011 Outlook

Boeing Co. offered a weaker-than-expected 2011 earnings outlook as higher pension costs exacerbated the impact of potential defense spending cuts and delays to the 787 Dreamliner, sending its shares down 3.5%.

Tuesday, January 25

Westar Capital Sells Portfolio Company

Costa Mesa’s Westar Capital LLC, a private equity firm funded by businessman George Argyros, has sold one of its portfolio companies to the Chicago private equity firm Wind Point Partners.

Acacia Moves Licensing Business to Texas

Newport Beach-based Acacia Research Corp. said Tuesday it moved its patent licensing unit to Texas. The unit, dubbed Acacia Research Group LLC, has relocated its corporate headquarters to Frisco, Texas.

Consumer Morale At Eight-Month High

U.S. consumer confidence improved more than expected in January to its highest level in eight months, underscoring the brightening economic outlook, even though the housing market remains on shaky ground.

Verizon Wireless Growth Beats Expectations

Verizon Communications added far more wireless subscribers than expected in the fourth quarter, dispelling any worries that customers would put off signing up until the company's Verizon Wireless venture begins selling Apple Inc.'s iPhone next month.

November Home Prices Down Fifth Straight Month

U.S. single-family home prices fell for a fifth straight month in November and could plumb to new lows soon, a closely watched survey showed.

Monday, January 24

Chipmaker Mindspeed's Outlook In Line

Newport Beach-based Mindspeed Technologies Inc., a maker of networking chips, on Monday reported an outlook for the current quarter that’s in line with Wall Street’s expectations.

Intel Raises Dividend, Expands Stock Buyback

Intel Corp. raised its dividend by 1% and authorized another $10 billion in its share buyback program after posting solid results earlier this month

McDonald's Likely to Raise Prices in 2011

McDonald's Corp. said it would selectively increase menu prices this year to help offset an expected rise in its own grocery bill for the 10 commodities that account for around 75% of its food preparation costs.

Ackman Wins Seat on Penney Board, Eyes Turnaround

Activist investor William Ackman will join the board of J.C. Penney Co. next month, heading off a potentially ugly fight over the direction of the department store operator's turnaround.

Report: Kingston Invests in Taiwanese Chipmaker JMicron

Fountain Valley’s Kingston Technology Co., the top maker of memory products for computers, is said to be making an investment in Tawainese chipmaker JMicron Technology Corp., according to reports.

Sunday, January 23

Real Mex Taps Agencies for Chevys Makeover Push

Bay Area Firms Get Work; Changes for Menus, Decor

Chevy’s Fresh Mex hired a marketing team, in Media & Marketing

Tease photo

Financial Rock Star

Shah Does Books, Streamlines Onetime Maker of Amps for Zeppelin, Cream

Profile, CFO of the Year, Rising Star award - Jatan Shah, QSC Audio Products LLC

Tease photo

REAL ESTATE WATCH: Inland Empire

Inland Empire Deals Most Since 2006

The Inland Empire’s real estate markets are recovering, in Real Estate Watch

Q&A: How They Got Through It

Leading lawyers talk about weathering the recession— and what the moves will mean as the economy recovers

Q&A: Leading lawyers on how their firms got through the recession

Broadcom Leads Patent Pack With Culture of Engineering Innovation

Irvine-based chipmaker Broadcom Corp. is the most prodigious patent generator in Orange County, claiming about a third of the 2,372 issued here last year.

Faster Pace at U.S. Patent Office Seen as Boost for IP

Obama administration aims to cut process time by half

Faster pace on patents spur IP work

Tease photo

Break From Downturn for UCI Law’s Inaugural Class

Campus interviews lead to summer spots for most

UCI's first class gets jump on summer associate positions

Tease photo

Alternative Billing Likely to Hang Around in Rebound

General counsels, firms forged new relationships as by-product of recession

Alternative fees show staying power

Chill Is Gone

You Know Things Are Getting Better When Real Estate Heats Up

Orange County law firms bumped around the bottom of the downturn in 2010, looking for a recovery that never fully materialized.

Tease photo

COMMENTARY

Editorials, letters, columns and other opinions.

Real estate investor John Saunders proposes a way out of mortgage debt

District Mall Owner Vestar Buys San Clemente Center

More Buying Planned, Two Local Centers Eyed

District at Tustin Legacy’s developer bought two more retail centers, in Real Estate

Nursing Home Trade Group: Medicaid Payments $5.6B Short

Federal Program for Poor Third of Sales for Locals

A nursing home trade group says Medicaid patients are underfunded, in Healthcare

Entrepreneur’s Latest Venture: Dog Food From Scratch

True Food for Dogs Even Delivers to Coastal Cities

Newport Beach’s True Food For Dogs looks to grow, in Marketplace

Tease photo

Broadcom, Rival Settle Longstanding Dispute on GPS Chips

Settlement With CSR Ends Five-Year Case on Patent

Broadcom settled a lawsuit over GPS chips, in Technology

NEWS OF THE WEEK

Stories in this week’s Orange County Business Journal

AROUND THE COUNTY

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

Healthcare Reform

Schiller’s Fixed CHOC’s Finance, Pushed Tower Project Ahead

Profile, CFO of the Year, Not-for-Profit award - Kerri Ruppert Schiller, Children’s Hospital of Orange County

Tease photo

Johnsen Cleaned House, Boosted View of Mindspeed

Profile, CFO of the Year, Public Company award - Bret Johnsen, Mindspeed Technologies Inc.

Tease photo

Selling the Segerstrom

Venue Naming Rights up for Grabs, Promotion To Target Younger Crowds

The Segerstrom Center for the Arts is revamping its lineup and fundraisers

Tease photo

Plastics Maker InterTrade Buys Nearby Rival, Eyes Expansion

MANUFACTURING: Buyout doubles Huntington Beach space

InterTrade Industries in Huntington Beach is looking to expand after an acquisition

Tease photo

Beckman on Track for Getting Test Back After Recall

HEALTHCARE: Anxious to “go on offense”; talk of sale

Beckman Coulter expects to have a heart test back for sale soon

Tease photo

Eye Drug Maker Ista Eyes Ambitious Goal

HEALTHCARE: $500M in sales by 2015; buyout target?

Ista Pharmaceuticals aims to hit $500 million in yearly sales by 2015

Pacific Life Creates Support Hubs for Sales Offices

FINANCE: Move designed to spur sales by freeing up execs

Pacific Life is reworking its support network for sales offices

Tease photo

Kofax Selling Unit

TECHNOLOGY: Scanner unit has seen slipping sales; frees up focus for software

Kofax is selling its scanner business

Tease photo

OC Execs Form Bears Rooting Section; Reagan Statue Drive

OC INSIDER Column by Rick Reiff

Fisker Strikes Deal for HQ in Anaheim

AUTO: Luxury hybrid automaker expanding, moving from Irvine

Luxury hybrid automaker Fisker is moving to Anaheim

Tease photo

Quiksilver Renews Headquarters Lease

APPAREL: Company sheds space, but deal signals comeback

Quiksilver is staying put in Huntington Beach

Tease photo

CoreLogic’s Guide

Piszel Got Approvals, Financing for Debut

Profile, CFO of the Year, Lifetime Achievement award - Anthony Piszel, CoreLogic Inc.

Tease photo

Tran: Helped Raise $2.2B at Pacific Life

FINANCE: Long tenure at life insurer for Vietnamese refugee

Profile, CFO of the Year, Private Company award - Khanh Tran, Pacific Life Insurance Co

Tease photo

Panasonic Signs Big Anaheim Lease Deal

REAL ESTATE: Moving from L.A. County; market grows tight

Panasonic is moving its distribution back to Orange County

Tease photo

Biggest Firms See Overall Gain in Ranks of Lawyers

Reversal from recession; most based here post gains

ABOUT THE LIST: Employment up at local firms. Includes the 2011 OC's LARGEST LAW FIRMS List for download (pdf)

Tease photo

Friday, January 21

County Unemployment Rate Drops Below 9% in December

The county’s unemployment rate in December dropped below 9% for the first time since May 2009, as seasonal hiring for the holidays took hold and some job seekers dropped out of the market.

Nursing Home Operator Ensign Group Makes Salt Lake City Buy

Ensign Group Inc. of Mission Viejo said Friday that it bought a continuing care retirement center in Salt Lake City for an undisclosed price.

Bank of America Posts Loss on Mortgage Problems

Bank of America Corp., the largest U.S. bank, reported a second straight quarterly loss after writing down the value of its limping mortgage business.

Wall St Rises as GE, Earnings Help Sentiment

Stocks gained on Friday as General Electric Co.'s earnings bolstered views the recovery was gaining traction and helped set the market back on its up trend after two days of declines.

Warner Music Shares Soar as Company Seeks Buyers

Shares of Warner Music Group surged nearly 23% on Friday on news that the world's No. 3 music company is up for sale.

Thursday, January 20

Biolase Forecasts Higher Revenue; Shares Surge

Shares of Irvine-based dental laser device maker Biolase Technology Inc. soared Thursday after it said its 2011 revenue would be higher than expected and that it would post a profit after four quarters of losses.

Emulex Slumps on Outlook

Shares of Costa Mesa-based Emulex Corp., a maker of electronics for data storage networks, slumped on Thursday after the company gave a tepid outlook for the current quarter.

Luxury Sportscar Dealership Coming to Newport

Principals of Ferrari and Maserati of Newport Beach and Lamborghini Newport Beach plan to open McLaren Newport Beach on Pacific Coast Highway in the summer.

Home Sales Surge, Jobless Claims Decline

U.S. home resales jumped more than expected in December despite bad weather as sellers cut prices while jobless claims fell sharply last week, offering some hope for the economy's two key trouble spots.

Morgan Stanley Revenue Beats; Smith Barney Pays Off

Morgan Stanley posted stronger-than-expected quarterly revenue and retail brokerage profit jumped, validating the bank's strategy of reducing its reliance on the investment banking businesses that have suffered across Wall Street.

HP Directors to Investigate Mark Hurd's Departure

A committee of Hewlett Packard directors will investigate former chief executive Mark Hurd's departure from the company amid sexual harassment allegations last year, according to a recent court filing.

Quest Software Expands in Ireland

Aliso Viejo-based Quest Software Inc., a maker of business software, said Thursday it’s set to expand its operations in Ireland.

Wednesday, January 19

Play for Register Seen in MediaNews Shakeup

A key shareholder in Irvine-based Freedom Communications Inc. is considering an acquisition or combination involving the Orange County Register and the Los Angeles Daily News.

CoreLogic's Piszel, Other CFOs Honored

The chief financial officer who helped foster the biggest debut of a public company here in years was honored Tuesday along with four other financial executives.

U.S. And China Reach $45 billion in Export Deals

The United States and China reached agreement on export deals worth $45 billion, a senior U.S. official said at the formal start of Chinese President Hu Jintao's state visit.

Goldman Profit Slides as Bond Trading Wilts

Goldman Sachs Group Inc. posted a 53% decline in fourth-quarter profit as trading revenue tumbled, dashing hopes that the Wall Street bank had bucked a tough market climate that hurt its rivals.

Apple's Bright View Outshines Jobs's Plight

Apple Inc. landed blockbuster results and a strong outlook on dazzling sales of the iPhone and iPad, reassuring investors that visionary CEO Steve Jobs' medical leave will have no impact on growth.

Ceradyne Opens China Plant

Costa Mesa-based Ceradyne Inc., a maker of bulletproof vests and other products, opened a 218,000-square-foot factory in China to produce ceramics for use in solar power cells.

Tuesday, January 18

Western Digital Pops on Results, Beats Street

Shares of Irvine’s Western Digital Corp., a maker of disk drives for computers, servers and consumer electronics, rose on Tuesday after the company reported results for the December quarter that bested Wall Street’s expectations.

Home Prices Fall, End 2010 at $410,000

The median price paid for an Orange County home was $410,000 at the end of 2010, a 5.7% decline from a year ago, according to San Diego-based MDA DataQuick.

El Pollo Loco Makes Acting CEO Permanent

Costa Mesa-based Mexican food chain El Pollo Loco Inc. promoted Steve Sather to chief executive.

Citigroup Trading Drop Shows Revival Obstacles

A sharp drop in bond trading revenue pushed Citigroup Inc. fourth-quarter profit far below expectations, highlighting Chief Executive Vikram Pandit's challenges in fully reviving the bank.

Goldman to Exclude U.S. From Facebook Placement

Goldman Sachs said it will limit its private placement of shares of social networking site Facebook to investors outside the United States, citing "intense media coverage."

Comcast-NBC deal nears approval

U.S. federal regulators could approve Comcast Corp.'s purchase of NBC Universal as early as Tuesday, a person familiar with matter said.

Pimco Plans New York Brokerage, Assuming Fund Sales From Parent

Newport Beach-based Pacific Investment Management Co. is taking over the selling of its mutual funds from its German parent as the investment manager expands from bonds into stocks.

Monday, January 17

Bausch & Lomb Executive Grant New Octane Chair

Robert Grant, chief executive of the Aliso Viejo-based global surgical business of Bausch & Lomb Inc., is the new chairman of Octane, a booster group that supports Orange County medical and technology startups.

Irvine's Kofax to Sell European Scanner Unit

Irvine’s Kofax PLC, a maker of software that helps businesses cut down on paper and data entry, said Monday it’s shedding its European division that distributes scanners and servers in a private equity buyout valued at about $23 million.

Apple's Steve Jobs Takes Second Medical Leave

Apple Inc. Chief Executive Steve Jobs is taking medical leave for the second time in as many years, sending its shares tumbling close to 10% as the unexpected news revived concerns over the long-term future of the iPhone- and iPad-maker.

Wal-Mart Bid For Massmart Approved, Boycott Looms

South African retailer Massmart Holdings Ltd.'s shareholders have accepted a takeover by U.S. group Wal-Mart Stores Inc., setting up the world's largest retailer for a potential battle with local unions.

Caution Sets In After BP-Rosneft Deal

Investors and analysts gave a cautious welcome to BP's share swap and Arctic exploration deal with Russia's Rosneft, saying that any return is likely a long way off.

Drug Maker Teva Laying Off 200 Irvine Workers

Israeli drug maker Teva Pharmaceutical Industries Ltd. said Monday it is cutting 200 jobs at its Irvine operation.

Sunday, January 16

NAMM Good Time

Musical instrument makers and sellers from all over the world gathered to see the latest instruments and other products on display at the National Association of Music Merchants’ annual show.

Tease photo

Conexant Boss: Bigger Role in Buyout

TECHNOLOGY: set to run unit, products, engineering for parent

Conexant’s Sailesh Chittipeddi will play a big role after the chipmaker is bought

Tease photo

Bigger Toshiba Unit Eyes ‘Connected Home’

TECHNOLOGY: combined PC, TV units want to link “screens”

Toshiba hopes its combined PC and TV units will connect with consumers

Tease photo

Haddad Defies Odds With Great Park Deal

REAL ESTATE: White knight backer; work may start in late ’11

Emile Haddad is moving ahead with the Great Park

Tease photo

Segerstroms Get More Name ID, Center Gets Naming Rights

OC INSIDER Column by Rick Reiff

Deal To Buy Bankrupt Limo Maker in Works

AUTO: Krystal Koach set to be part of China’s Thunder Sky

A Hong Kong investor plans to buy limo maker Krystal Koach

Applied Buy Sets New Pace on Industrial Prices

REAL ESTATE: device maker said to have paid $21.3 million

Applied Medical added a 125,000-square-foot building in South County

Tease photo

Soccer Team Signs 3-Year Deal to Play at Cal State Fullerton

SPORTS: Minor league team faces challenge landing fans

The L.A. Blues soccer team signed a three-year deal to play at Cal State Fullerton

Tease photo

Healthcare Real Estate Investor: $924M in Buying, Plans More

HEALTHCARE: $243 million more in deals due at Nationwide

Nationwide Health Properties is on a buying spree

Tease photo

Refrigeration Maker Moving From Brea to Alabama Plant

MANUFACTURING: Expects to keep some office staff here

Refrigeration company HTPG is moving from Brea to Alabama

Tease photo

Post Office Proposes Shifting Industry Work to Santa Ana

MAIL: Move aimed at cutting costs, faces some opposition

The Postal Service might shift operations from Industry to Santa Ana

NEWS OF THE WEEK

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

Mixed Reviews, Strong Sales for D-Link’s Boxee Box

Box sends media from PCs to TVs; social media apps

D-Link Systems is seeing growing sales for its Boxee Box, in Technology

Tease photo

Quiksilver Planning Push for Debut of Women’s Line

Company works with new agency, seeks online buzz

Quiksilver is pushing a women’s clothing line, in Media & Marketing

Tease photo

Edwards’ Big 2010 Earns It ‘Notable Performer’ Nod

Valve led 75% stock surge “captured hearts and minds”

Edwards Lifesciences got a nod from an analyst, in Healthcare

Panasonic Renews, Expands Lease

AVIATION: In-flight unit now has six buildings, 350,000 sq. ft.

Panasonic Avionics has renewed and expanded a Lake Forest lease

Tease photo

REAL ESTATE WATCH: RESEARCH & DEVELOPMENT SPACE

Deals are up in the Mid-Counties market, in Real Estate Watch

Tease photo

Centurion, Magic Johnson’s Firm Buy Houston Hotel

First Centurion Texas buy; firm planning more deals

Centurion Partners bought a hotel in Texas, in Real Estate

Luxury’s New Value Equation

From Deep Discounts to Four Kinds of Macaroni

The Pelican Hill Resort had some awfully tough timing when it opened its doors in November 2008.

Tease photo

Apparel Show Brings 80,000 SF of Action to Anaheim

Doubles space at Marriott; producer sees more growth

One of the West Coast’s largest trade shows for the action sports and street-inspired apparel industry is all grown up and calling Anaheim home.

Tease photo

Convention Center Rebound Gains, Hopeful on Expansion

Baseball’s All-Star Game, Amway Event Lifted 2010, Spurring Tough Comparison

Things are looking up this year for the Anaheim Convention Center.

Tease photo

New Food Lineup Selected for JWA; Ruby’s Plans Bar

The nearly nine million visitors who fly in and out of Orange County each year will have the chance to sample more fare from locally based restaurants.

Hotels Hold Ground on Meetings, Prepare for Better Conditions Ahead

Occupancy gains expected, rates seen moving up some

ABOUT THE LIST - The area’s 50 largest hotels reported a 1% increase in meeting space, relatively unchanged from last year. Includes the 2011 OC's LARGEST HOTEL MEETING ROOMS List for download (pdf)

Tease photo

REAL ESTATE DEALS

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

Tease photo

Baldwin Brother

Al Baldwin, Sons Building in Lake Forest, San Diego

Developer Al Baldwin is turning his real estate empire over to his sons

Tease photo

Venture Firm Nears End of $30M Fund

FINANCE: Okapi funds Irvine startup, planning second fund

Okapi Venture Capital is looking for a deal to close out its inaugural $30 million fund

Startup 808 Eyes Power Plants at Office Buildings, Factories

ENERGY: Company has 14 stations now, seeks 100-plus

Startup 808 Renewable Energy eyes power plants at offices and factories

Tease photo

Friday, January 14

Solar Installer Verengo Lands $9.7M Investment

Verengo Solar Plus of Orange, an installer of solar panels, has received a $9.7 million investment from Angeleno Group LLC, a Los Angeles-based private equity firm that targets alternative energy companies.

Report: Broadcom Rumored to Buy Taiwanese Chipmaker Ralink

There’s chatter that Irvine-based chipmaker Broadcom Corp. could be looking to buy Taiwan’s Ralink Technology Corp.

JPMorgan Profit Rises 47%, Beating Estimates

JPMorgan Chase & Co. reported a 47% increase in quarterly earnings, and said loan demand and trading profit could grow this year, boosting investor optimism that revenue for major banks will recover.

Retail Sales Rise Modestly, Inflation Tame

Sales at U.S. retailers rose slightly less than expected in December, while underlying inflation remained tame, suggesting the recovery was strengthening modestly with little price pressure building.

Intel Shares Weak Despite Strong Quarterly Report

Intel Corp.'s strong quarterly report failed to lift its shares, as some investors, remembering the company's reversal of a bullish outlook a year ago, questioned its forecast.

Embattled Corinthian Up on Analyst Upgrade

Shares of Santa Ana-based Corinthian Colleges Inc. rose Friday after an analyst expressed confidence that returning Chief Executive Jack Massimino could turn around the struggling vocational school operator.

Nationwide Buys Six New York State Nursing Home Buildings for $100M

Nationwide Health Properties Inc., a Newport Beach owner and investor in healthcare real estate, has bought six nursing home buildings in New York state for $100 million, according to the Buffalo News.

Thursday, January 13

Sunstone Buys Rest of Times Square Hotel, Plans More Deals

Aliso Viejo-based hotel investor Sunstone Hotel Investors Inc. is buying the rest of a Times Square hotel it owns part of and plans to spend $1 billion buying other hotels this year.

TTM Soars on Q4 Outlook, Strong Demand

Shares of Santa Ana’s TTM Technologies Inc., a maker of printed circuit boards, soared on Thursday after the company boosted its outlook for the fourth quarter.

Jobless Claims Jump Most in 6 Months

U.S. jobless claims jumped unexpectedly last week to their highest level since October, suggesting the labor market is still in a rut despite signs of improvement in the economy.

ECB Says Ready to Act On Inflation If Needed

The euro zone faces short-term price pressures which could linger, the European Central Bank said, showing it could raise interest rates to contain inflation even while the bloc is gripped by a debt crisis.

AT&T to Take Q4 $2.7 Billion Charge On Accounting Change

AT&T Inc. forecast a $2.7 billion non-cash charge in the fourth quarter due to a pension related accounting change aimed at making its numbers more transparent for investors to understand.

Report: Samueli Offers Loan To Lure Basketball's Sacramento Kings to Anaheim

Sports radio and websites are buzzing with speculation that a full-court press is on to try and bring basketball’s Sacramento Kings to Honda Center in Anaheim.

Wednesday, January 12

Performing Arts Center Renamed for Segerstrom

Costa Mesa’s Orange County Performing Arts Center is being renamed the Segerstrom Center for the Arts.

Treasury's Geithner Says China Needs Faster Yuan Rise

China's yuan currency remains "substantially undervalued" and it is in Beijing's own interest to let it appreciate more rapidly to ward off inflation risks, Treasury Secretary Timothy Geithner said.

AIG Agrees $2.2 Billion Sale of Taiwan Unit After Long Delay

American International Group Inc. accepted a $2.16 billion cash offer for its Taiwan Nan Shan Life unit from a group led by Taiwanese conglomerate Ruentex, marking the beginning of the end of a drawn-out process fraught with political wrangling.

QLogic Boosts Profit Outlook

Aliso Viejo-based QLogic Corp., a maker of electronics that speed up the flow of data on corporate storage networks, on Wednesday boosted its profit outlook and narrowed its sales outlook for the December quarter.

ITT Corp. to Break Itself Up, Shares Rise 18%

U.S. manufacturer ITT Corp. plans to split itself into three companies that it says will be better able to react to changing market demands such as U.S. defense budget cuts.

Allergan Sues Novartis over Bladder Drug Patents

Irvine drug maker Allergan Inc. is suing a unit of Switzerland's Novartis AG over patent infringement of a urology drug, according to a Bloomberg report.

Tuesday, January 11

CoreLogic Buying Remaining Stake in Aussie Co. for $190M

Santa Ana-based CoreLogic Inc., a provider of data to real estate and mortgage companies, has agreed to buy the 60% stake in an Australian property information company it doesn’t already own for about $190 million.

Wet Seal Names CEO

Foothill Ranch-based mall retailer Wet Seal Inc. on Tuesday appointed a former American Eagle Outfitters Inc. executive to lead the company.

Verizon Wireless to Sell IPhone in February

Verizon Wireless plans to sell Apple Inc.'s iPhone for as low as $200 starting next month, putting the smartphone at the center of its high-stakes battle with AT&T Inc. for wireless customers.

Japan To Buy Euro Debt, Portugal Resists Bailout

Japan promised to buy euro zone bonds this month in a show of support for Europe's struggle with a seething debt crisis.

Smith Micro Pops on Sales Outlook

Shares of Aliso Viejo’s Smith Micro Software Inc., a maker of software for cell phones and for connecting mobile devices to wireless networks, rose Tuesday after the company narrowed its outlook for the fourth quarter in line with Wall Street’s expectations.

Holiday Surprises Help Sears And Tiffany

The holiday shopping season still delivered a few surprises, both naughty and nice, showing that the U.S. economic recovery is not strong enough to lift all retailers.

Mussallem: Edwards Could Use Cash for Acquisitions

Irvine-based heart valve maker Edwards Lifesciences Corp. could use its $360 million in cash for buying other companies and doesn’t plan on becoming an acquisition itself, Chief Executive Michael Mussallem said at an investor conference.

Monday, January 10

Last Call for Business Journal's Best Places to Work List

We're in the final days of soliciting employers to take part in our selection process for our annual Best Places to Work list.

Tease photo

Lost Ends Licensing With La Jolla Group

Irvine-based Lost Enterprises will resume design and production of its apparel lines, which are currently handled by La Jolla Group Inc., a marketer of various action-sports clothing brands under licensing agreements.

Bren Check Theft Suspect Sees Change in House Arrest

The convicted bank robber accused of stealing the identity—and a $1.4 million tax refund—of Irvine Company Chairman Donald Bren has gotten terms of his house arrest altered as he awaits trial on those charges.

Conexant Being Bought for $284M

Newport Beach chipmaker Conexant Systems Inc. is being acquired for $284 million by Hauppauge, N.Y.-based Standard Microsystems Corp., which is offering nearly 20% more than what the company was worth before the deal was announced.

Duke Energy to Buy Progress Energy For $13.7 Billion

Duke Energy said it agreed to buy Progress Energy Inc. for $13.7 billion in stock, creating the largest U.S. power company if it wins approval from regulators in North and South Carolina.

DuPont Looks to Food, Biofuel With Danisco Play

Danish food ingredients company Danisco received several takeover offers but does not expect anyone to top its $5.8 billion deal with DuPont, Danisco's chairman said.

ECB Gives Portugal Temporary Lifeline, Traders Say

The European Central Bank threw Portugal a temporary lifeline by buying up its bonds, traders said, as market and peer pressure mounted for Lisbon to seek an international bailout soon.

Sunday, January 9

GIVING

O’Melveny Prevails in Food Stamps Lawsuit, Gives Fees to Charities

Fundraisers and charitable donations from companies and people

Tease photo

Charlie Palmer Holds the Hoopla on Back-Room Burger

New Twist for Ruth’s Chris; Z’Tejas Entices; St. Regis Stars; Jazz Events Coming Up

Charlie Palmer opened a gourmet burger joint, in Executive Dining

Tease photo

REAL ESTATE WATCH: Research & Development Space

R&D Activity Adds Up to Decline in Third Quarter

The R&D sector was busy in the third quarter, in Real Estate Watch

Tease photo

Drug Maker Spectrum’s Shares Boom on Potential, Pipeline

HEALTHCARE: Zevalin could be blockbuster; biotech in works

Spectrum Pharmaceuticals is seeing a boost as it awaits FDA approvals

Tease photo

BlueCava Looks to Recruit Talent With Food Trucks

HID Set to Put Mountain View Firm Into Fold; ‘Warcraft’ Boosts Claim on Gamers’ Time

Blue Cava aims to recruit with a gourmet food truck, in Technology

Tease photo

NOTEBOOK - Irvine, By Design

What others call conformity in Irvine actually is design, in Notebook

Tease photo

REAL ESTATE DEALS

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

Customer Feedback Drives Irvine Co.’s Latest Designs

Bixby Sells Long Beach Retail, Eyes More Industrial; Arts School in $30M Deal for Pavilion

Irvine Company used feedback for its latest batch of houses, in Real Estate

Thermador Site Offers Kitchen Demos to ‘Real Cooks’

Suzuki Seeks Higher Gear With TV Campaign; Yoshinoya Taps Orange Shop for Rebranding

Thermador is using Web demos for its appliances, in Media & Marketing

Tease photo

Resumed Interest in Allergan on Potential Botox Gains

Clarient’s Sale to GE Brings Windfall for Third Player; Grubb & Ellis Buys Texas Hospital

Allergan is getting more attention from analysts, in Healthcare

McLaren Looks to Join Newport Luxury Auto Lineup

Most Brands Post Local Sales Increase for 2010; Tuttle-Click Sets Up Capistrano Ford Shop

Luxury automaker MacLaren Automotive plans to sell in Newport Beach, in Marketplace

Tease photo

Wanted: Best Places to Work for Business Journal’s Annual List

Is your workplace a great place to work? Well then let Orange County know.

Tease photo

NEWS OF THE WEEK

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

Uniloc Win Hints at New Precedent on Patent Damages

TECHNOLOGY: Court plans new way of considering award to close case against Microsoft

Uniloc won a patent fight against Microsoft, but what it will reap is unclear

AROUND THE COUNTY

Irvine Dealership Gets Makeover; Lake Forest Stores Go Up

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

Tease photo

Company Gets Vehicles to Auto Shows, Golf Matches, Malls

AUTO: Cosmetic Car tapped by automakers, exhibitors, dealers

Ever wonder how that car got inside a mall? Ask Cosmetic Car Care

Tease photo

Anaheim Auto Mall Joins Honda Center, Big A With New Sign

Dealers at Anaheim Auto Center have a bigger freeway sign

Tease photo

Startup FlexEnergy Aims To Generate Power From Landfills

ENERGY: $18M raised, pilot system, HQ expansion in works

Startup FlexEnergy hopes to turn methane gas from landfills into electricity

Tease photo

Airport Food Contract Bids Pit Ruby’s Against Wahoo’s

DINING: Friendly rivals set to go before supervisors Tuesday

Ruby’s Diner and Wahoo’s Fish Tacos are in rival airport food service bids

Tease photo

Expanded Agenda Show Fills In Gap for Apparel Sector

APPAREL: Show doubled space on heels of ASR’s end

Action sports and street-inspired clothes makers gathered for the Agenda show in Anaheim

Tease photo

Analysts Expect Nursing Home Profits to Grow

HEALTHCARE: Local chains could benefit on Medicare shift

The county’s nursing home operators are upbeat on Medicare reimbursement

Tablets in Spotlight, Locals Co-Star at CES

TECHNOLOGY: Vizio joins fray; Broadcom’s big claims

Companies made their way to CES to show off their newest products

Tease photo

Bill Gates Starts Year in OC; Laguna’s Lament

OC INSIDER Column by Rick Reiff

New Year, New Hope for Break in IPO Drought

FINANCE: Spinoffs, acquisitions ruled 2010; mixed outlook for ’11

After three years without an initial public offering, this year could see some Orange County companies going public

Tease photo

Brokers See ’11 as Year of the Bargain

REAL ESTATE: Office market stable; gains to tilt landlords’ way

There are signs that this year could see improving fortunes for office landlords

Reworked Fieldstone Marks Local Return

REAL ESTATE: Homebuilder doing projects here, San Diego

There are signs that this year could see improving fortunes for office landlords

New Tide

Newport’s Mariners Mile sees renewal with boutiques, plans for retail, spa development

Specialty boutiques have opened along Newport Beach’s Mariners Mile

Tease photo

Friday, January 7

Local.com Plunges on Profit, Sales Warning

Shares of Irvine-based Local.com Corp., which runs online search engines for finding local businesses, plunged Friday after the company warned of lower fourth-quarter profits and sales.

Jobs Growth Stumbles Even As Jobless Rate Falls

Employers hired fewer workers than expected in December and a surprise fall in the unemployment rate to its lowest level in more than 1 1/2 years was in part due to people giving up the search for work.

AIG Rallies, Share Sale Seen in May

The recapitalization of bailed-out insurer American International Group Inc. is likely to close next week, a personal familiar with the matter said, as AIG shares touched fresh highs on news it was getting closer to the deal.

Best Buy Same-Store Sales Drop Again in December

Top U.S. consumer electronics chain Best Buy Co.'s December same-store sales fell 4% as bargain-hungry shoppers turned more to such rivals as Target Corp.

Thursday, January 6

Bigger Agenda Trade Show Under Way in Anaheim

Orange County’s action sports and street-inspired clothing companies converged at the Anaheim Marriott Thursday for the start of one of the industry’s largest trade shows.

Jobless Claims Up, Underlying Trend Still Down

New claims for jobless benefits moved higher last week, but a decline in the four-week average to a nearly 2-1/2-year low suggested the labor market continues to improve.

Shopper Angst, Discounts Hurt December Retailer Sales

Many top U.S. retailers reported disappointing December sales as consumers who shopped right after Thanksgiving would only spend again on big bargains and were set to stay frugal in 2011.

China to Buy $7.9 Billion of Spanish Debt

Chinese Vice Premier Li Keqiang has said his country is willing to buy about $7.9 billion of Spain's public debt, Spanish newspaper El Pais reported, citing government sources.

Pacific Sunwear Warns of Wider Quarterly Loss

Anaheim-based mall retailer Pacific Sunwear of California Inc. warned of a wider than expected loss for the current quarter and said a key measure of sales was down for November and December.

Nursing Home Companies Boost 2011 Guidance

Two Orange County-based nursing home companies on Thursday set financial guidance for 2011, with one boosting and the other reaffirming its 2010 outlook.

Wet Seal: Dec. Sales Fall, Profit Seen at Low End

Foothill Ranch-based mall clothing retailer Wet Seal Inc. reported a disappointing drop in December sales and warned that profits for the current quarter could come in at the low end of expectations.

Tease photo

Wednesday, January 5

Mindspeed Slumps on Sales Outlook

Shares of Newport Beach-based chipmaker Mindspeed Technologies Inc. plummeted after the company gave a glimpse at its first quarter results, which fall below Wall Street’s expectations

Resources Connection's Quarterly Results Top Expectations

Irvine-based professional services company Resources Connection Inc. kicked off earnings season Wednesday with quarterly sales and profits that exceeded Wall Street expectations.

CES Kickoff: Going Gaga for Gadgets

Retail buyers, businesspeople, press and thousands of gadget-gawkers descended on Las Vegas Wednesday to kick off the year’s biggest technology trade show.

Automakers Post December Gains

Fountain Valley-based Hyundai Motor America Inc. continued to see its sales climb in December.

Surprise Jobs Surge Boosts Economic Outlook

A surprise surge in private-sector employment last month for its biggest-ever rise in a private payrolls report provided the most bullish signal in months that the economy is on the mend.

China to Let Yuan Rise 5% in 2011

China will let the yuan rise about % against the dollar in 2011 to combat inflation, an official newspaper said, while a former central bank adviser said the country needs to free up the currency.

FAO Food Price Index Hits Record High in December

Global food prices rose in December, with the FAO Food Price Index at a record high, the U.N Food and Agriculture Organization said, past 2008 highs when rising food prices sparked riots in a number of countries.

Report: Field of Beckman Bidders Narrows, Consolidates

Private equity bidders for Brea-based Beckman Coulter Inc. are joining forces and the field of potential corporate buyers has narrowed, according to a Reuters report.

Tuesday, January 4

Report: Heritage Fields Developer Reworks Financing Deal

The developer of Irvine’s Heritage Fields community has reworked the financing deal for the stalled mega-project, and could begin home construction there next year, according to a report in the Wall Street Journal.

Insurance Brokerage Alliant Makes Another Acquisition

Newport Beach’s Alliant Insurance Services has acquired a New York-based insurance brokerage firm in its second acquisition in less than a month.

Irvine's Uniloc Claims Victory in Microsoft Infringement Suit

Irvine’s Uniloc USA Inc., a maker of security, anti-piracy and fraud prevention software, claimed a final victory on Tuesday in its long-running legal battle with software kingpin Microsoft Corp.

Factory Orders Rebound, Brighten Growth View

New orders received by factories unexpectedly rose in November, and orders excluding transportation recorded their largest gain in eight months, providing more signs the economic recovery was on sustainable path.

Ceradyne Buying Specialty Glass Maker

Costa Mesa-based Ceradyne Inc., a maker of bulletproof vests and other products, is paying up to $49 million for a Seattle maker of specialty glass used in electronics and industrial and healthcare products.

GM December Sales Up, Industry on Upswing Into 2011

General Motors Co. posted a 7.5% rise in U.S. auto sales in December, capping a year of gradual recovery for the industry overall that is expected to continue in the new year.

Motorola Spinoffs Start Trading; Shares of Both Up

Motorola Inc.'s official separation into two publicly traded companies began at the New York Stock Exchange's open, with shares of both rising early in the session.

Monday, January 3

Government Contract Consultant SM&A Makes Acquisition

Newport Beach-based aerospace consultant SM&A has acquired a provider of program management and other services to governments and companies.

Broadcom Rises on Tablet Talk

Shares of Irvine’s Broadcom Corp., a maker of chips for computers, cell phones and consumer electronics, rose on Monday after an analyst said it's set to be among the big winners at this week’s International Consumer Electronics Show in Las Vegas.

Manufacturing Grows, Bolsters 2011 Outlook

Manufacturing grew for a 17th straight month in December, a report showed, extending a recent run of encouraging economic data and suggesting U.S. growth could accelerate further in 2011.

BofA in Settlement With Fannie Mae, Freddie Mac

Bank of America Corp. said it agreed to pay Fannie Mae and Freddie Mac $2.8 billion to settle claims that it sold the mortgage finance companies bad home loans.

Goldman, Digital Sky Technologies Invest in Facebook

Facebook has raised $500 million from Goldman Sachs and Russian Internet investment group Digital Sky Technologies in a deal valuing the social networking site at $50 billion, the New York Times reported citing people involved in the transaction.

Vizio Set To Unveil Tablet, Smartphone

Irvine’s Vizio Inc., one of the top makers of flat-screen TVs, is expected to unveil a tablet computer and smartphone Monday at this year’s International Consumer Electronics Show in Las Vegas.

Sunday, January 2

Deal in Israel Puts Pressure on Niche Line for QLogic

TECHNOLOGY: Competitor eyes bigger share on Infiniband

Aliso Viejo electronics maker QLogic could see a threat to a niche line from the combination of two Israeli competitors

Tease photo

Businessperson of the Year in Apparel: Bob McKnight

Longtime Leader Brought Quiksilver Back From Brink

The Business Journal takes a look at the businesspeople who excelled in 2010. Bob McKnight, CEO, Quiksilver Inc.

Tease photo

Businessperson of the Year in Technology: David Sun, John Tu

Kingston Technology Leaders Rode Rebound, Expanded Industry Dominance

The Business Journal takes a look at the businesspeople who excelled in 2010. Kingston Technology Co. cofounders David Sun and John Tu

Tease photo

Businessperson of the Year in Autos: John Krafcik

Hyundai Boss Steered Through Downturn, Riding Recovery

The Business Journal takes a look at the businesspeople who excelled in 2010. John Krafcik, Chief Executive, Hyundai Motor America Inc.

Businessperson of the Year in Healthcare: Rick Matros

Spinoff of Sun Healthcare Real Estate Spurred Shareholder Gains

The Business Journal takes a look at the businesspeople who excelled in 2010. Rick Matros, CEO, Sabra Health Care REIT Inc.

Businessperson of the Year in Real Estate: Dan Young

Irvine Co. Executive Jumpstarted Homebuilding in 2010

The Business Journal takes a look at the businesspeople who excelled in 2010: Dan Young, president of Irvine Co.’s community development division.

Tease photo

Pivotal Year

Mussallem Steered New Valve To Big Gains for Edwards Lifesciences

The Business Journal takes a look at the businesspeople who excelled in 2010. Michael Mussallem, CEO, Edwards Lifesciences

Tease photo

REAL ESTATE DEALS

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

City Ventures Unit Acquires Ontario Land for Housing

Farrell’s Operator Enlists Grubb & Ellis To Find Sites; Big Yorba Linda Shopping Center Sale

Santa Ana’s City Ventures’ new subsidiary will focus on development in the Inland Empire and Northern California, in the Real Estate column

REAL ESTATE WATCH: Manufacturing & Warehouse

Manufacturing, Warehousing Show Signs of Improvement

The county’s manufacturing and warehouse market showed signs of improvement in the third quarter, in Real Estate Watch

Tease photo

Oakley E-Zine Aims to Burnish Brand, Add Exposure

DC Shoes Sponsors Supercross; KOCE Formally Claims Flagship Status; Screamin’ for More

Foothill Ranch-based Oakley has started a free quarterly magazine featuring athletes and sports, in the Media and Marketing column

Tease photo

Broadcom Moves on Android, IP Get Strong Reviews

European Sales Boost Outlook on Ingram Micro; HID Global Pays $162M for Fremont Firm

Irvine’s Broadcom made a series of new product announcements at its annual analyst conference in December, in the Technology column

NEWS OF THE WEEK

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

Channeling Stevie Nicks, Duo Generates Buzz With Clothes

APPAREL: Stone Cold Fox in boutiques; dresses going for $600

Laguna Beach-based Stone Cold Fox is generating a buzz with its unique clothes

Tease photo

Wet Seal’s Turnaround To Rest With Next CEO

RETAIL: Mall retailer overdue in CEO search; more stores due

Foothill Ranch-based Wet Seal’s sales are up as it searches for a new CEO

Tease photo

CT Realty: $100M in Inland Empire Deals

REAL ESTATE: More deals planned for industrial space

Aliso Viejo’s CT Realty is betting on a recovery of the Inland Empire’s industrial real estate market

Tease photo

Keeping Opera Alive in OC; 2011 Predictions

OC INSIDER Column by Rick Reiff

Tease photo

MemorialCare Foundation Folds in 4 Doctors Groups

Interest in Endologix Could Bring Premium Price; Conifer Picks Anaheim for Consolidation

Memorial Care Health System in Fountain Valley has added four doctors groups to its foundation, in the Healthcare column

Tease photo

New Leader at Sage Software Set to Turn Focus to Growth

TECHNOLOGY: Frenchman takes over after restructuring led by outgoing boss Swenson

Sage Software has tapped Frenchman Pascal Houillon as CEO to replace Sue Swenson

Gadgets, Consumer Recovery Spur Optimism for CES Show

TECHNOLOGY: Companies do bigger booths, send more people, book more meetings

Local companies are spending more on this year’s International Consumer Electronics Show in Las Vegas

Tease photo

Executive Q1 Sentiment Up; Optimism Back to ’07 Level

ECONOMY: Expectations break out of holding pattern that held sway in 2010

Orange County executives are feeling more optimistic about the economy than they have in years, according to a recent survey of business sentiment