Stories for August 2012

Friday, August 31

Midday Stock Roundup

The Nasdaq rose 0.26% to 3,057 in midday trading Friday, while the Dow Jones Industrial Average was up 0.45% to 13,059.

New Chairman for Pacific Premier

Costa Mesa-based Pacific Premier Bancorp Inc. has appointed Jeff Jones as chairman of the company’s board of directors.

Taco Bell Expands Breakfast Menu

Irvine-based Taco Bell Corp., with sales of nearly $7 billion last year, expanded its First Meal breakfast menu with the launch of the A.M. Crunchwrap Friday.

Fast-Growing Private Companies Wanted for Annual List

The Business Journal is looking for Orange County-based companies that have seen their yearly sales grow rapidly from mid-2010 to mid-2012 for our sixth annual list of fastest-growing privately held companies.

Thursday, August 30

Midday Stock Roundup

The Nasdaq fell 0.96% to 3,052 in midday trading Thursday, while the Dow Jones Industrial Average was off 0.77% to 13,006.

FivePoint Puts $211M More on Table for Great Park

The company planning homes and other commercial development around the Orange County Great Park in Irvine has submitted a proposal, and guaranteed funding, to kick-start construction work at a large portion of the 1,300-acre park.

Wet Seal Shareholder Starts Proxy Battle

A major shareholder of Foothill Ranch-based teen retailer Wet Seal Inc. filed documents with the Securities and Exchange Commission Thursday on its proposed plan to go to stockholders for the removal of four board members.

Yard House Sale Closes

The sale of Irvine-based Yard House USA Inc. to Darden Restaurants Inc. has closed, the company’s new parent said Wednesday.

Costa Mesa Conference & Visitor Bureau Launches Rebrand

The Costa Mesa Conference & Visitor Bureau refreshed its brand with an updated logo set to run alongside its “City of the Arts” tag line.

Anaheim A/V Manufacturer Will Move to Fullerton

Anaheim-based audiovisual products maker Premier Mounts is moving to smaller headquarters in Fullerton, where it also will keep manufacturing, design and some warehouse operations.

Fast-Growing Private Companies Wanted for Annual List

The Business Journal is looking for Orange County-based companies that have seen their yearly sales grow rapidly from mid-2010 to mid-2012 for our sixth annual list of fastest-growing privately held companies.

Wednesday, August 29

Midday Stock Roundup

The Nasdaq was up 0.31% to 3,087 in midday trading Wednesday, while the Dow Jones Industrial Average rose 0.30% to 13,142.

QLogic Tops Emulex on 10-Gig in Q2

Aliso Viejo-based QLogic Corp. in the second quarter overtook Emulex Corp. of Costa Mesa in a key segment of networking electronics.

Del Taco Franchisee Plans Alabama Push

Lake Forest-based Mexican fast food chain Del Taco LLC plans to expand in Alabama and northern Florida through a franchise agreement.

More Restaurants Open at John Wayne Airport

Three more eateries opened for business at John Wayne Airport earlier this week.

Surf City Cops Lead Bank-Scam Investigation

A task force headed by the Huntington Beach Police Department and the U.S. Secret Service is expecting more arrests of suspects tied to a series of bank scams throughout Southern California, which is estimated to have cost about $100 million.

Fast-Growing Private Companies Wanted for Annual List

The Business Journal is looking for Orange County-based companies that have seen their yearly sales grow rapidly from mid-2010 to mid-2012 for our sixth annual list of fastest-growing privately held companies.

Tuesday, August 28

Stock Roundup

The Nasdaq was up less than 1% to 3,077 at market close Tuesday, while the Dow Jones Industrial Average fell less than 1% to 13,105.

Billabong Turnaround to Focus on Key Brands, Retail Improvements

The parent of Irvine-based Billabong USA has unveiled a four-year turnaround plan.

Orange Company Buys Irvine IT Firm

On Target Voice and Data Inc. in Orange has acquired some assets of Fusion IP, an Irvine-based IT services provider.

John Wayne Airport July Traffic Rises

John Wayne Airport saw July passenger traffic rise 4% from a year earlier to 816,536.

EPunk Revenue, Loss Up for Quarter

Dana Point-based ePunk Inc. reported that its June-quarter revenue increased nearly four-fold from a year earlier to $672,438 but posted a loss of $519,158 for the period.

Fast-Growing Private Companies Wanted for Annual List

The Business Journal is looking for Orange County-based companies that have seen their yearly sales grow rapidly from mid-2010 to mid-2012 for our sixth annual list of fastest-growing privately held companies.

Monday, August 27

Midday Stock Roundup

The Nasdaq rose less than 1% to 3,076 in midday trading Monday, while the Dow Jones Industrial Average was down less than 1% to 13,150.

Del Taco Picks New Ad Agency

Lake Forest-based fast-food chain Del Taco LLC has hired San Francisco-based agency Camp + King as its lead advertising agency, effective immediately.

Peregrine Shares Fall on Second Critical Story

Peregrine Pharmaceuticals Inc.’s stock dropped in the double-digits today after a website published a second critical story about its lead drug candidate.

PacMerc’s Dellerba to Vice Chair; Search for New President Starts

Raymond Dellerba will step down as president of Pacific Mercantile Bank in Costa Mesa and will become vice chairman of the bank.

Premer to New Post at Pac Life

Newport Beach-based Pacific Life Insurance Co. has promoted T. Anthony Premer to senior vice president of the company’s real estate investments, effective Jan. 1, 2013.

Interjet Proposes Additional Mexico Service at John Wayne

John Wayne Airport officials are working with Mexican airline Interjet on a proposal to provide daily service to Guadalajara and Mexico City.

Fast-Growing Private Companies Wanted for Annual List

The Business Journal is looking for Orange County-based companies that have seen their yearly sales grow rapidly from mid-2010 to mid-2012 for our sixth annual list of fastest-growing privately held companies.

Saturday, August 25

Retail Marks Mixed Second Quarter

RETAIL SPACE

SPECIAL REPORT: COMMERCIAL REAL ESTATE UPDATE - Retail regresses with wobbly second quarter

Hilton Anaheim Sale Tops $200 Million

Hilton Anaheim trades hands in a deal estimated at $215 million or more

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Big Idea in Buena Park

Sales Tax Break, Special Visa Drivers in 480,000-SF Retail Center

Something big is coming to Buena Park

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Next for Irvine Company: 19-Story Office Next to HQ

Newport Beach-based Irvine Company plans office tower adjacent to headquarters

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PacSun Slims Q2 Loss, Eyes Break-Even

Anaheim-based Pacific Sunwear of California Inc. posts a narrowed second-quarter loss

By the Numbers - COMMUNICATIONS COMPANIES IN ORANGE COUNTY

There are more than 460 communications companies in Orange County. Includes analysis, charts and figures.

REAL ESTATE DEALS - August 27, 2012

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

Sares-Regis Group’s Apartment Plans in HB Move Ahead

Sources Say 99-Year Lease Calls for $24M Rental Fee

Sares-Regis closes ground lease transaction related to an apartment development, in Real Estate

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Dell Quells Quest Workers’ Anxieties About Takeover

Signals Minimal Impact on Lower-Level Employees

Dell Inc.’s internal memo hints at minimal changes for rank-and-file personnel at Quest Software, in Technology

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Kawasaki Ties Product Giveaway to Bull-Riding Series

Contest Promotes Line of All-Terrain Vehicles

Kawasaki ties product giveaway to bull-riding series, in Media and Marketing

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‘Moral Imperatives’ Help Spur St. Joseph-Hoag Combo

Regional Network Will Aim to Serve Needy

‘Moral imperatives’ help spur St. Joseph-Hoag combo, in Healthcare

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CALENDAR - Aug. 27-Sept. 5, 2012

A listing of events happening all around Orange County.

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Industrial Market Activity Up

INDUSTRIAL SPACE

SPECIAL REPORT: COMMERCIAL REAL ESTATE UPDATE - Industrial market remains sluggish

Office Market Occupancies Up

OFFICE SPACE

SPECIAL REPORT: COMMERCIAL REAL ESTATE UPDATE - Orange County office market continues to see healthy levels of demand

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Developers Remain Gung-Ho on Apartment Projects

Cities look kindly on proposals with other construction slow

SPECIAL REPORT: COMMERCIAL REAL ESTATE UPDATE - Developers remain gung-ho on apartment projects

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Shovels in the Ground

Commercial Projects, Years in the Making, Get Under Way

SPECIAL REPORT: COMMERCIAL REAL ESTATE UPDATE - Commercial projects finally get under way

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Teardown on Oceanview Acre Sells for $15 Million

Corona del Mar Home Sits on Bluff, Was Built in 1959

Oceanview property at 103 Shorecliff Road in Corona del Mar sells for $15 million, in Luxury Homes

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ADDENDUM - August 27, 2012

Other news items of interest from the Orange County Business Journal

Fast-Growing Private Companies Wanted for Business Journal’s Annual List

The Business Journal is working on our sixth annual list of fastest-growing privately held companies set to run in October.

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4% Hiring Uptick First for Telecoms in Six Years

TELECOM: AT&T repeats atop local sector employment rankings

4% hiring uptick first for telecoms in six years. Includes the 2012 OC's LARGEST TELECOMMUNICATION COs list for download (pdf)

Windjammer Starts 4th Fund

Private equity firm Windjammer Capital Investors recently initiated its fourth fund

Paul Frank Gets Deals for Travel Items, Kidwear

Parent of Paul Frank Industries inks new licensing deals for its travel accessories, children’s apparel lines

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Tilly’s Outpaces Expectations With Q2 Financial Results

Tilly’s Inc. posts better-than-expected financial results for the second quarter

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Wet Seal Investor Unveils Slate of Board Candidates

APPAREL: Shareholder move follows unheeded call for sale

Wet Seal Inc. investor unveils slate of board candidates

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Mazzo to Finish Year at Abbott

James V. Mazzo is staying on as president of Santa Ana eye device maker Abbott Medical Optics

Quality Looks Good on Proxy Fight; Key Exec to Leave

HEALTHCARE: Decker has led top division for revenue since ’09

Irvine-based Quality Systems Inc. is seeking a new head for its dominant division

First PacTrust Gets L.A. Bank for $50M

FINANCE: Deal puts assets at $2.2B, follows Gateway buy

First PacTrust Bancorp inks deal to buy The Private Bank of California in a $50M deal

Indicators on Cancer Drug Spur Peregrine Shares

HEALTHCARE: Shares see gains on trial data for lead drug

Indicators on cancer drug spur Peregrine Pharmaceuticals Inc. shares

Allergan Joins With Swiss Co. on Eye Drugs

HEALTHCARE: $62.5M deal has $1.4B in potential milestones

Allergan Inc. joins with Swiss company on eye drugs

Martin Makes Out; Chapman Scholar Passes; Olson Builds

OC INSIDER Column by Jerry Sullivan

Rattle Leads to Roll at Emulex

TECHNOLOGY: Acquisition shook engineering culture, brought wins

Rattle leads to roll at Costa Mesa-based Emulex Corp.

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Pimco’s Ripple Effect

FINANCE: Veteran execs launch own firms with boost of experience

Pimco’s ripple effect

Friday, August 24

Midday Stock Roundup

The Nasdaq was up about half a percent to 3,069 in midday trading Friday, while the Dow Jones Industrial Average was up nearly 1% to 13,136.

Clean Energy to Build Plant at Tennessee Landfill

A unit of Seal beach-based Clean Energy Fuels Corp. has signed a deal with Republic Services Inc. to build a Tennessee plant that will process landfill gas into a renewable energy source.

Hospital Chain Paying $16.5 Million to Settle Fraud Case

Newport Specialty Hospital in Tustin and Anaheim General Hospital are among a group of hospitals that will pay a $16.5 million fine to settle allegations that they were treating homeless people to defraud the government.

Fast-Growing Private Companies Wanted for Annual List

The Business Journal is looking for Orange County-based companies that have seen their yearly sales grow rapidly from mid-2010 to mid-2012 for our sixth annual list of fastest-growing privately held companies.

Thursday, August 23

Midday Stock Roundup

The Nasdaq fell about 1% to 3,049 in midday trading Thursday, while the Dow Jones Industrial Average fell nearly 1% to 13,051.

M&A Head Leaves Quest for CEO Post in Colorado

Shayne Higdon, who ran mergers, acquisitions and corporate strategy at Quest Software Inc., has left the company to head a Boulder, Colo.-based cloud services provider.

Windjammer Makes Buy, Starts Fourth Fund

Newport beach-based private-equity firm Windjammer Capital Investors recently initiated its fourth fund, dubbed Senior Equity Fund IV, on the heels of closing out its third fund with the acquisition of Global Claims Services Inc.

New Execs for Buy.com

Aliso Viejo-based e-commerce company Buy.com is changing its executive lineup, according to its owner, Rakuten Inc.

Habit Restaurants Plans for Four More Locations By Year-End

Irvine-based burger chain Habit Restaurants LLC plans to open four restaurants in OC by year’s end.

Tilly’s Beats on Q2 Profit, Revenue

Irvine-based action sports retailer Tilly’s Inc. reported better-than expected results for the July quarter, a performance Chief Executive Daniel Griesemer called “ahead of the plan.”

PacSun Quarterly Sales Up, Loss Less Than Expected

Anaheim-based action sports retailer Pacific Sunwear of California Inc. reported better-than expected results for the July quarter on Wednesday.

$1 Million Gift for UCI Athletics

Kathleen and Mark Santora have donated $1 million to University of California, Irvine’s intercollegiate athletics department to help the school start a renovation of an athletics facility.

Fast-Growing Private Companies Wanted for Annual List

The Business Journal is looking for Orange County-based companies that have seen their yearly sales grow rapidly from mid-2010 to mid-2012 for our sixth annual list of fastest-growing privately held companies.

Wednesday, August 22

Midday Stock Roundup

The Nasdaq fell less than 1% to 3,058 in midday trading Wednesday, while the Dow Jones Industrial Average fell about half a percent to 13,131.

First PacTrust in Deal for L.A. Bank

Irvine-based First PacTrust Bancorp is acquiring the Private Bank of California in Los Angeles in a $50 million deal.

Allergan Strikes Licensing, Development Deals with Swiss Company

Irvine-based Allergan Inc. said Tuesday that it signed two development deals with Molecular Partners AG of Zurich for eye disease treatments.

Wet Seal Sees Tough Quarter Ahead

Shares of Foothill Ranch-based retailer Wet Seal Inc. fell 10% in midday trading Wednesday, a day after the company said it expects weak sales in the current quarter as it plows ahead on a strategy that calls for a shift back to fast-fashion offerings.

Peregrine Pharmaceuticals Shares Drop on Critical Story

Tustin-based drug developer Peregrine Pharmaceuticals Inc.’s stock plummeted today after a website published a critical story about its lead drug candidate.

Octane’s LaunchPad Raises $25.3M in First Half

Companies participating in Octane’s startup accelerator LaunchPad combined to raise $25.3 million in funding during the first half of this year.

Fast-Growing Private Companies Wanted for Annual List

The Business Journal is looking for Orange County-based companies that have seen their yearly sales grow rapidly from mid-2010 to mid-2012 for our sixth annual list of fastest-growing privately held companies.

Tuesday, August 21

Midday Stock Roundup

The Nasdaq was down less than 1% to 3,074 in midday trading Tuesday, while the Dow Jones Industrial Average also was down less than 1%, to 13,267.

Paul Frank Signs New Licensing Deals

The parent of Paul Frank Industries LLC has inked new licensing deals for its travel accessories and children’s apparel lines.

Sabal Makes 1st Loan on Builder Program

Distressed-debt specialist Sabal Financial Group LP has closed its first construction loan through its recently launched builder-constructor lending program.

Irvine in Top 10 of Money Magazine Best Places to Live List

The city of Irvine ranked sixth in a list of 100 cities Money Magazine dubbed the best places to live in the U.S.

Fast-Growing Private Companies Wanted for Annual List

The Business Journal is looking for Orange County-based companies that have seen their yearly sales grow rapidly from mid-2010 to mid-2012 for our sixth annual list of fastest-growing privately held companies.

Monday, August 20

Bridgford Shares Up on Quarterly Earnings

Anaheim-based Bridgford Foods Corp. was among the biggest gainers on Nasdaq today, as its shares climbed to finish 7.7% higher at $8.08.

Midday Stock Roundup

The Nasdaq was down less than 1% to 3,066 in midday trading Monday, while the Dow Jones Industrial Average was also down less than 1% to 13,250.

Fisker Recalls 2,400 Karmas to Fix Fans

Anaheim-based Fisker Automotive Inc. is recalling 2,400 Karmas to fix cooling fans, which could have a defect that’s tied to a fire earlier this month, according to the carmaker.

Corinthian Shares Drop on Quarterly Loss

Santa Ana-based Corinthian Colleges Inc. reported a $6.5 million loss for the latest quarter, a swing from a year-earlier profit of $3.4 million.

Midyear Report: OC Hotel Sales Up

The picture for Orange County hotel investment continues to improve, with the number of sales in the first half of the year up more than 125%, according to a report from Irvine-based hotel brokerage and industry researcher Atlas Hospitality Group.

Dana Point Businessman as Commissioner of Tuna Commission

The director and founder of Dana Wharf Sportfishing and Whale Watching in Dana Point was named a U.S. commissioner for the Inter-American Tropical Tuna Commission by President Barack Obama last week.

Retired UFC Champ Ortiz Starts Management Agency

Recently retired mixed-martial arts fighter Jacob “Tito” Ortiz, who held the Ultimate Fighting Championship light-heavyweight title for three years, has started a sports-management agency in Huntington Beach.

Fast-Growing Private Companies Wanted for Annual List

The Business Journal is looking for Orange County-based companies that have seen their yearly sales grow rapidly from mid-2010 to mid-2012 for our sixth annual list of fastest-growing privately held companies.

Editorial Cartoon - August 20, 2012

This week's Editorial Cartoon by Steve Greenberg

Saturday, August 18

REAL ESTATE WATCH: LOW-RISE OFFICE SPACE

Low-Rise Office Market Looking Up

The leasing market for low-rise office buildings is improving

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Hines Venture Pays $11.2M for Low-Rises

REAL ESTATE: Plans combined office campus of 320,000 SF

Real estate developer, investor Hines Interests buys a pair of low-rise buildings in Irvine

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ADDENDUM - August 20, 2012

Other news items of interest from the Orange County Business Journal

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Ceradyne Gets $6.5M Order From Army for Armor Inserts

Ceradyne Inc. gets $6.5 million order from Army for armor inserts

Dental HMOs, PPOs Rise 2% to 2.1 Million Members

Delta Dental has topped list rankings since 2007

Dental HMOs, PPOs rise about 2% to 2.1 million members. Includes the 2012 OC's LARGEST DENTAL HMO/PPOs list for download (pdf)

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Integrated Care Offers Doctors Coordinated Services

Groups say patients also benefit via lower costs, higher quality

Integrated care offers doctors coordinated services

Mimi’s Narrows Quarterly Loss

Irvine-based Mimi’s Café posted a narrowed loss

HMO Membership Roughly Even With Year Earlier

Kaiser again tops HMOs list; PPOs mark 4% yearly uptick

HMO membership roughly even with year-ago figure. Includes the 2012 OC's LARGEST HMOs list for download (pdf)

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Fast-Growing Private Companies Wanted for Business Journal’s Annual List

The Business Journal is working on our sixth annual list of fastest-growing privately held companies set to run in October.

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Heat Wave Blamed for 4% Dip in Attendance at OC Fair

Heat wave partly blamed for dip in attendance at OC Fair

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CALENDAR - Aug. 20-29, 2012

A listing of events happening all around Orange County.

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Piston Maker Sets Move From HB

JE Pistons Inc. plans to move its manufacturing center from Huntington Beach to Mentor, Ohio

Game Developer Hacked, Blizzard.Net Users Affected

Players Advised to Change Security-Safeguard Data

Blizzard tells customers its internal North American servers are hacked, in Technology

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Three Skate Brands to La Jolla Group’s HQ

Head of apparel company La Jolla Group is now chief executive of skateboarding company DNA Distribution

Feds Boost Scrutiny of Need for Medical Procedures

Traces to Concern About Medicare Costs, Fraud

Analysts to investors: Expect intensified federal scrutiny of billing practices, justification for pricey treatments, in Healthcare

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Boomers Brainstorm

Nursing Home Chains See Rays of Hope in Short-Term Care Despite Medicare Clouds

SPECIAL REPORT - Nursing home operators are shifting long-term development strategies

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Bayside’s Seasonal Dishes Look Good, Taste Better

Popular Summer Menu Extended Extra Month

Bayside in Newport Beach should be on your priority list of restaurants to visit, in Executive Dining

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411 on 5.11

New Arrival Specializes in Tactical Apparel, Gear

New arrival specializes in tactical apparel, gear

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RiechesBaird Played Role on Huawei’s Olympic Team

Shop Created TV Ads for China Tech Giant

RiechesBaird gets exposure on the Olympics for new client, its own creative reputation as a branding agency, in Media and Marketing

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Public Law Center’s Annual Dinner Raises $660,000

Benavidez Honored as Attorney of the Year

PHILANTHROPY Column by Sherri Cruz

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Limo Maker Back to BK

MANUFACTURING: Chung comes up short, buildings for sale

Limo maker is back to BK

Corinthian Renews Griffin Towers Lease

REAL ESTATE: College operator inks deal for 164,000 square feet

Corinthian Colleges Inc. inks a new lease for its Santa Ana headquarters

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Development in Costa Mesa Targets Adults 55 And Up

215-Unit Azulón Follows Similar Project Vivante

Costa Mesa is seeing a second notable development that is geared toward older adults move ahead, in Real Estate

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Attorney’s Newspaper Niche

LAW: 3 cases follow win for carriers versus Register, Freedom

Employment claims for newspaper carriers have become a niche practice for Dan Callahan

Ingram Boosts Operations in Africa, Middle East

TECHNOLOGY: Aptec buy provides new foothold in region

Santa Ana-based Ingram Micro Inc. boosts operations in Africa, Middle East

Private Equity Gets RSM Scuba Company

Private equity firm Lincolnshire Management buys Rancho Santa Margarita-based scuba training company PADI Worldwide

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Another Round of Change in Fisker’s Executive Suite

AUTOS: LaSorda ends tenure as CEO; GM vet takes helm

Anaheim-based Fisker Automotive Inc. gave its executive suite another shake last week

By the Numbers - TUSTIN BUSINESSES

There are more than 2,400 businesses in Tustin that collectively have about 31,360 employees. Includes analysis, charts and figures.

Q&A: Hospital and Health Plans

OC hospital and health plan execs discuss healthcare reform’s impact on their operations, planning

New Brand Name for LA Fitness?; NBCC’s New Pro; Pair of Aces

OC INSIDER Column by Jerry Sullivan

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REAL ESTATE DEALS - August 20, 2012

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

To-Do List Ahead on Hoag, St. Joseph Hook-Up

HEALTHCARE: New company, regulatory OK, communication

Hoag Memorial Hospital Presbyterian and St. Joseph Health plan to establish an integrated regional healthcare network

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Friday, August 17

Mazzo Denies Charges of Insider Trading Over AMO-Abbott Deal

Longtime Orange County medical device executive James V. Mazzo, who is retiring as president of Abbott Medical Optics Inc. at the end of the year, has been charged with insider trading by the Securities and Exchange Commission, the agency said today.

Midday Stock Roundup

The Nasdaq was up less than half a percent to 3,069 in midday trading Friday, while the Dow Jones Industrial Average edged up less than 1% to 13,256.

Jobs Down, Unemployment Rate Flat at 7.9% for July

Orange County lost 12,700 jobs in July. The unemployment rate stayed flat at 7.9% from a month earlier, indicating the pool of job seekers here has slimmed.

Red Digital Expands Support Offerings into China

Irvine-based Red Digital Cinema Camera Co. recently opened sales and support centers in China.

Outlets at Orange Set for New Retailers in Fall

The Outlets at Orange continues to grow its roster of outlet offerings with two store openings planned for the fall.

Fast-Growing Private Companies Wanted for Annual List

The Business Journal is looking for Orange County-based companies that have seen their yearly sales grow rapidly from mid-2010 to mid-2012 for our sixth annual list of fastest-growing privately held companies.

Thursday, August 16

Piston Maker Sets Move From HB to Ohio

JE Pistons Inc. has announced plans to move its manufacturing center from Huntington Beach to Mentor, Ohio, a shift that is expected to cost 116 jobs here.

Three Skate Brands Move Operations to La Jolla Group HQ

The head of Irvine-based action sports apparel company La Jolla Group Inc. is now chief executive of skateboarding company DNA Distribution.

Fast-Growing Private Companies Wanted for Annual List

The Business Journal is looking for Orange County-based companies that have seen their yearly sales grow rapidly from mid-2010 to mid-2012 for our sixth annual list of fastest-growing privately held companies.

Midday Stock Roundup

The Nasdaq rose 0.90% to 3,058.20 in midday trading Thursday, while the Dow Jones Industrial Average was up 0.59% to 13,242.15.

Former Marriott International Boss to Lead Irvine Consultancy

Irvine-based Laguna Strategic Advisors LLC announced the appointment of Ed Fuller, the former head of Marriott International Inc., as president.

Peregrine Shares Rise on Drug Trial News

Tustin-based drug developer Peregrine Pharmaceuticals Inc.’s shares are seeing a boost today, likely on news about pending positive clinical trial results and a possible collaboration for its lead cancer compound.

Carpenter & Co. Economist to Plaza Bank Board

Grace Wickersham of Irvine-based advisory firm Carpenter & Co. has joined the board of directors of Plaza Bank.

Hoag, St. Joseph to Join on Regional Health Network

Hoag Memorial Hospital Presbyterian and St. Joseph Health announced plans to form an affiliation and develop an integrated regional health network.

Tech Coast Angels Invests $10M in First Half

Irvine-based Tech Coast Angels invested more than $10 million in 17 companies over the first half of this year.

Wednesday, August 15

Midday Stock Roundup

The Nasdaq rose 0.33% to 3,026.81 in midday trading Wednesday, while the Dow Jones Industrial Average fell 0.08% to 13,161.80.

Device Maker Names CEO

Altura Medical Inc., a San Clemente device maker, named G. Ray Martin as its chief executive.

RealtyTrac Announces New CEO

RealtyTrac Inc., an online provider of foreclosure data, has promoted Jamie Moyle to the chief executive role at the Irvine-based company.

Mimi's Narrows Loss

Irvine-based Mimi’s Café narrowed its losses during the July quarter even as same-store sales continued to fall.

Fast-Growing Private Companies Wanted for Annual List

The Business Journal is looking for Orange County-based companies that have seen their yearly sales grow rapidly from mid-2010 to mid-2012 for our sixth annual list of fastest-growing privately held companies.

Tuesday, August 14

Midday Stock Roundup

The Nasdaq rose 0.01% to 3,022.72 in midday trading Tuesday, while the Dow Jones Industrial Average was up 0.10% to 13,182.18.

Volt Chief Tapped to Replace Lasorda at Fisker

Tony Posawatz, a key developer for General Motors Corp. who helped bring the Chevrolet Volt to market, has been named chief executive of Fisker Automotive Inc.

R.D. Olson Breaks Ground on Tustin Hotels

Irvine-based R.D. Olson Development is moving ahead on the first new hotels to be built in Tustin in more than 15 years.

Ceradyne Lands Army Order

Costa Mesa-based Ceradyne Inc. has received a $6.5 million contract for a lightweight ceramic armor system for groin protection inserts for the U.S. Army.

Fair Attendance Off Slightly to 1.36M

More than 1.35 million people attended the 2012 Orange County Fair, which closed its curtains Sunday, after 23 days of activities under the “Home Sweet Home” theme.

Fast-Growing Private Companies Wanted for Annual List

The Business Journal is looking for Orange County-based companies that have seen their yearly sales grow rapidly from mid-2010 to mid-2012 for our sixth annual list of fastest-growing privately held companies.

Monday, August 13

Fisker Hires Private Investigators on Karma Fire

Anaheim-based Fisker Automotive Inc. has hired a private investigator to examine and test one of its luxury sedans after it caught fire in the Northern California city of Woodside on Friday.

Midday Stock Roundup

The Nasdaq was down 0.23% to 3,014.06 in midday trading, while the Dow Jones Industrial Average fell 0.48% to 13,144.26.

Powerwave Shares Plummet on Disappointing Q2

Shares of Powerwave Technologies Inc. were hammered Monday, the first trading day after the Santa Ana-based company reported another disappointing quarter of financial results on Friday.

Pimco Pares Back on Treasuries for Total Return Fund

Bill Gross of Pacific Investment Management Co. has cut his holdings of U.S. Treasuries in his Total Return Fund, the largest bond fund in the world with $263 billion in assets.

PacMerc Profits Up; Plans to Exit Wholesale Mortgages

Pacific Mercantile Bancorp reported $5.8 million in net income in the second quarter and announced plans to exit the wholesale mortgage banking market.

Fast-Growing Private Companies Wanted for Annual List

The Business Journal is looking for Orange County-based companies that have seen their yearly sales grow rapidly from mid-2010 to mid-2012 for our sixth annual list of fastest-growing privately held companies.

Sunday, August 12

REAL ESTATE DEALS - August 13, 2012

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

Revved Up

Surge in Consumer Interest Puts Brighter Spotlight on Auto Show

SPECIAL REPORT: MEETINGS AND CONVENTIONS: Surge in consumer interest puts brighter spotlight on auto show

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Hyundai’s Challenge: How to Top Its Own Act

AUTOMOTIVE: Redesigns fueled sales; crossovers next

Hyundai’s challenge: how to top its own act

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Rebound Means 8% Employment Uptick at PR Firms

MARKETING: Gains come via new business, expanded accounts

Rebound means 8% employment uptick at public relations firms. Includes the 2012 OC's PUBLIC RELATIONS FIRMS list for download (pdf)

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Allergan Aims to Expand Lap-Band Reimbursements

HEALTHCARE: All-out push to reverse device’s sales decline

Allergan Inc. is going all out to boost lagging sales of its weight-loss device.

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Q&A: Local Hotel Industry

SPECIAL REPORT: MEETINGS AND CONVENTIONS: Business Journal asks industry execs to predict business landscape in the year ahead.

Sabal Acquires Four Distressed Portfolios

FINANCE: Real estate loan deals push firm’s assets toward $4B

Sabal Financial acquires four more portfolios of loans tied to distressed commercial real estate

Company Produces Events About Hotels, in Hotels

Stages investor conferences from Hong Kong to London

SPECIAL REPORT: MEETINGS AND CONVENTIONS: Costa Mesa-based Burba produces events about hotels, in hotels

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Bella Terra Owner Arrives in Pacific City

REAL ESTATE: DJM affiliate to buy land for part of stalled project

DJM is under contract to buy land that would hold the commercial and hotel portions of Pacific City development

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Birtcher in the Bucks; No Pothole Problems in Irvine; Yippiekiyay!

OC INSIDER Column by Jerry Sullivan

Wind Wonder

Manufacturer’s Modular Blades Ease Shipping Challenges, Costs

Local startup signs first commercial deal to produce blades for wind power at its HB headquarters

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Charhut Exits as Covidien Buys MindFrame for $75M

Covidien PLC acquires device maker MindFrame Medical Inc. of Irvine for $75 million

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OC Brands Tap Olympics

SPORTS: OC companies tap Olympics

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4-Building Office Complex in Orange Posted for Sale

REAL ESTATE: Expected to fetch well above $80 million

Four-building office complex in Orange posted for sale

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ADDENDUM - August 13, 2012

Other news items of interest from the Orange County Business Journal

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Laguna Looker Goes for at $6.7 Million, Above Listing

Three Arch Bay Popular As Buyers Begin to Pounce

Laguna looker goes for above listing, at $6.7 million, in Luxury Homes

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CALENDAR - Aug. 14-21, 2012

A listing of events happening all around Orange County.

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Telogis Buy Pushes Software Maker to 300 Employees

Aliso Viejo Outfit Offers Truck-Routing Services

Telogis’ latest buy will add more than 100 employees and key customers on the East Coast, in Technology

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Danaher: Progress in Beckman Integration, Turnaround

Says Brea Lab-Instruments Maker Helped Fuel Gains

Danaher: progress in Beckman integration, turnaround, in Healthcare

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Newport Marketing Firm Grows Web-Design Staff

ByteLaunch Uses Discount Promos to Tap Into Segment

Newport Beach-based marketing firm grows Web-design staff, in Media and Marketing

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REAL ESTATE WATCH: HIGH-RISE OFFICE MARKET

Jobs recovery boosts high-rise office market. Includes Real Estate Watch industry performance charts.

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Hotel Hanford sells for $23.8 million

REAL ESTATE: Recent redo bolstered business at boutique

Hotel Hanford sells for $23.8 million

Regency in Exclusive Talks for Retail Center in Tustin

Project, Up to 185,000 SF, Could Be Completed in ’15

Regency Centers is the latest developer tapped for new construction at the former Marine helicopter base in Tustin, in Real Estate

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Events Calendar - Conventions, Trade and Consumer Shows

SPECIAL REPORT: MEETINGS AND CONVENTIONS: List of conventions, trade shows, consumer shows and events. (pdf download)

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Quest’s Smith Eyes Exit Door in Takeover

TECHNOLOGY: Top execs resist long non-competes

It appears some top Quest execs may not be part of Dell Inc.’s integration plans

Into Action at Agenda

OC Outfits Among 500 Action-Sports Apparel Brands at Trade Show

SPECIAL REPORT: MEETINGS AND CONVENTIONS: Into action at Agenda

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By the Numbers PUBLIC RELATIONS FIRMS IN ORANGE COUNTY

Orange County has more than 80 public relations firms that collectively employ roughly 600 people

Early Traction With Vans’ Athletic-Shoe Launch

APPAREL: Line aims to take brand appeal beyond core demo

Vans’ next few weeks will be crucial as the back-to-school selling season arrives, new shoe line is put to the test

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Friday, August 10

Midday Stock Roundup

The Nasdaq was down 0.34% in midday trading Friday, while the Dow Jones Industrial Average fell 0.23% to 13,134.97.

Emulex Beats Q2 Expectations, Shares Down on Sales, Profit Targets

Costa Mesa networking electronics maker Emulex Corp. on Thursday reported financial results in the June quarter that beat Wall Street expectations.

Ceradyne Acquires Stake in Graphite Machining Services and Innovations

Costa Mesa-based Ceradyne Inc. has secured a minority interest with an option to acquire all of Graphite Machining Services and Innovations LLC in Tempe, Ariz.

Carl's Jr. Parent Holds Off on IPO

Carpinteria-based CKE Restaurants Inc. postponed its initial public offering expected Friday, citing “market conditions.”

PacSun’s Head of Men’s Merchandising Gets New Duties

Anaheim-based action sports retailer Pacific Sunwear of California Inc. promoted Alfred Chang to vice president of men’s merchandising and design.

Fast-Growing Private Companies Wanted for Annual List

The Business Journal is looking for Orange County-based companies that have seen their yearly sales grow rapidly from mid-2010 to mid-2012 for our sixth annual list of fastest-growing privately held companies.

Thursday, August 9

Midday Stock Roundup

The Nasdaq was up 0.18% to 3,016.61 in midday trading Thursday, while the Dow Jones Industrial Average fell 0.11% to 13,161.75.

Mixed-Use Project The Source Set for Buena Park

A groundbreaking event for a nearly 500,000-square-foot, mixed-use project in Buena Park was held Thursday morning, marking the start of construction on what city officials hope to be a key attraction within its Entertainment Zone.

Fast-Growing Private Companies Wanted for Annual List

The Business Journal is looking for Orange County-based companies that have seen their yearly sales grow rapidly from mid-2010 to mid-2012 for our sixth annual list of fastest-growing privately held companies.

Wednesday, August 8

Midday Stock Roundup

The Nasdaq was down 0.11% to 3,012.65 in midday trading Wednesday, while the Dow Jones Industrial Average rose 0.11% to 13,182.76.

STEC Misses Q2 Expectations, Preps Losses in Class Action Lawsuit

Santa Ana-based solid-state storage drive maker STEC Inc. on Tuesday reported second quarter financial results that narrowly missed Wall Street expectations and took a sizeable charge related to a class action lawsuit.

California Adventure Expansion Boosts Disneyland Resort Attendance

The completion of Disney California Adventure’s $1.1 billion makeover and expansion has resulted in a surge of visitor traffic at the Anaheim theme park, according to Walt Disney Co. officials.

Cal State Fullerton Launches New Programs

California State University, Fullerton, is launching two new degree programs this fall, and is tapping new leaders to head the various divisions of administration.

Fast-Growing Private Companies Wanted for Annual List

The Business Journal is looking for Orange County-based companies that have seen their yearly sales grow rapidly from mid-2010 to mid-2012 for our sixth annual list of fastest-growing privately held companies.

Tuesday, August 7

Midday Stock Roundup

The Nasdaq was up 1.14% to 3,023.93 in midday trading Tuesday, while the Dow Jones Industrial Average rose 0.69% to 13,207.54.

Fleming’s Parent’s IPO Expected Wednesday

The parent of Newport Beach-based upscale steakhouse Fleming’s Prime Steakhouse & Wine Bar is looking to raise as much as $321 million in an initial public offering on Wednesday.

Alliance HealthCare Shares Climb

Shares of Newport Beach’s Alliance HealthCare Services Inc. were up on Tuesday, following news of debt reduction and cost cutting by the provider of outpatient diagnostic imaging services.

Identive Shares Sink on Revenue Target

Shares of Identive Group Inc. sank Tuesday after the Santa Ana-based company provided a revenue outlook in the current quarter below Wall Street expectations.

Cal United Names Pihl OC Market Head

California United Bank has tapped commercial banking veteran Stephen Pihl as the new head of its Orange County market.

Fast-Growing Private Companies Wanted for Annual List

The Business Journal is looking for Orange County-based companies that have seen their yearly sales grow rapidly from mid-2010 to mid-2012 for our sixth annual list of fastest-growing privately held companies.

Monday, August 6

Fast-Growing Private Companies Wanted for Annual List

The Business Journal is looking for Orange County-based companies that have seen their yearly sales grow rapidly from mid-2010 to mid-2012 for our sixth annual list of fastest-growing privately held companies.

Midday Stock Roundup

The Nasdaq rose 1.06% to 2,999.31 in midday trading on Monday, while the Dow Jones Industrial Average was up 0.63% to 13,179.31.

Aaron Kushner named Publisher of Orange County Register Communications

Freedom Communications’ new owner and chief executive Aaron Kushner will serve as publisher of The Orange County Register, effective immediately.

FDA Clears Bausch & Lomb Laser

Bausch & Lomb Inc. said Monday that the Food and Drug Administration has approved Victus, a laser device capable of performing both cataract and refractive surgeries.

First PacTrust Reports Q2 Loss on Higher Expenses

Irvine-based First PacTrust Bancorp Inc. reported a loss in the second quarter in connection with increased expenses and pinched noninterest income.

Sunday, August 5

OC's WEALTHIEST 1-10

SPECIAL REPORT: Profiles of Orange County’s Wealthiest - 1-10

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New, Improved Nicholas

TECHNOLOGY: Dedicated to education nonprofit, victim rights

New, improved Nicholas—dedicated to education nonprofit, victim rights.

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Western Digital Reclaims Disk-Drive Bragging Rights

Overtakes Seagate as Hitachi Buy Buoys Sales

Western Digital reclaims disk-drive bragging rights, in Technology

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Gross Calls El-Erian Pimco ‘Heir Apparent’

Gross calls El-Erian Pimco ‘heir apparent’

Martin’s Turn as Novelist Starts at Pelican Hill

MEDIA: From finance to fiction; “Provocateur” debuts next week

Chuck Martin’s novel starts at Pelican Hill

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Proxy Fight Set Over Quality’s Earnings Woes

HEALTHCARE: Investor says new board needed on turnaround

Proxy fight set at Quality Systems

Olen’s More Than Fine; Dining Update; Happy Birthday, Joe

OC INSIDER Column by Jerry Sullivan

Vinny’s Holdout

TECHNOLOGY: How Quest boss got extra $200M in deal with Dell

Vinny’s holdout—how Quest boss got extra $200 million in deal with Dell

St. Joseph Deal Gives LBA 200,000-SF Boost at Park Place Campus

REAL ESTATE: One-time bargain buy gets biggest office lease of year

St. Joseph deal gives LBA Realty 200,000-square-foot boost at Park Place campus

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Huntington Beach Firm Adds Long Beach Marathon

MKM Gets PR, Ads; Also Reps Surf City, OC Races

Huntington Beach firm adds Long Beach marathon, in Media and Marketing

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Region’s Wealthiest Went Sideways in Past Year

Combined wealth for 106 tracked individuals again $160 billion

Region’s wealthiest went sideways in past year

Herbert Institute Toasts First-Phase Construction

$8 Million Still Needed to Complete Project

Herbert Institute toasts first-phase construction, in Healthcare

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Weekend Wealthy

SPECIAL REPORT: Check out notably wealthy individuals who have homes here for their leisure

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CALENDAR - Aug. 6-15, 2012

A listing of events happening all around Orange County.

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OC's WEALTHIEST 21-33

SPECIAL REPORT: Profiles of Orange County’s Wealthiest - 21-33

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OC's WEALTHIEST 11-20

SPECIAL REPORT: Profiles of Orange County’s Wealthiest - 11-20

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New Math on OC’s Wealthiest

ECONOMY: More entries, big giveaway factors this year

New Math on OC’s Wealthiest—more entries, big giveaway factors this year. Includes the 2012 OC's WEALTHIEST list for download (pdf)

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Notable Quotes From OC’s Wealthiest

Notable quotes from OC’s Wealthiest

Wet Seal Chairman: Retailer Back to Fast-Fashion Strategy

Wet Seal chairman: retailer back to fast-fashion strategy

ADDENDUM - August 6, 2012

Other news items of interest from the Orange County Business Journal

All in the Family

Roberts-Reinhardt Empire Runs from Cupcakes to Kettlebells

All in the Family: Roberts-Reinhardt empire runs from Cupcakes to Kettlebells

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By the Numbers - GARDEN GROVE BUSINESSES

Garden Grove has more than 3,000 businesses, which collectively employ about 33,500 people.

REAL ESTATE DEALS - August 6, 2012

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

Alzheimer’s Group Raises $255,000 at Annual Gala

Silverado Event to Fund Support, Disease Research

PHILANTHROPY Column by Sherri Cruz

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REAL ESTATE WATCH: Greater Los Angeles

Modest L.A. Area Job Gains Point to Recovery

Modest Los Angeles-area job gains point to recovery. Includes Real Estate Watch industry performance charts.

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Fast-Growing Private Companies Wanted for Business Journal’s Annual List

CALL FOR ENTRIES - Fast-growing private companies wanted for our annual list

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KBS Realty Affiliate Buys Seattle-Area Office Campus

Pays $78.7 Million for 46-Acre Property

KBS Realty buys Seattle-area office campus, in Real Estate

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Friday, August 3

Midday Stock Roundup

The Nasdaq was up 2.16% to 2,972.68 in midday trading, while the Dow Jones Industrial Average rose 1.77% to 13,106.76 after a better-than-expected U.S. jobs report.

Mindspeed, UIE Shares Up

Shares of Newport Beach-based Mindspeed Technologies Inc. and Cypress-based Universal Electronics Inc. surged Friday in one of the strongest trading days in months.

Agenda Report: Technology, Collaborations, Mixed Views on Women’s Lines

Action sports apparel industry trade show Agenda came to a close yesterday with a count of more than 12,000 attendees for its two-day run, according to the producer of the twice-yearly event.

Glidewell Laboratories in Deal for Scanner Maker

Newport Beach-based Glidewell Laboratories Inc. said Friday that it would buy IOS Technologies Inc. of San Diego for an undisclosed price.

PacTrust Acquisition Gets Fed OK

Irvine-based First PacTrust Bancorp Inc. is one step closer to completing its $15.5 million acquisition of Cerritos-based Gateway Bancorp, a deal inked last June.

Blizzard Q2 Sales, Profits Up, WoW Subscriptions Down

Irvine-based online game maker Blizzard Entertainment Inc. saw a big subscription drop for its flagship World of Warcraft franchise in the second quarter, but those losses were more than offset by the wildly successful release of Diablo III.

Ensign Acquires Nursing Homes in California and Idaho

Ensign Group Inc. of Mission Viejo has bought a nursing home in Escondido and two nursing homes in Idaho in separate deals.

Autobytel Posts Gains in Q2 Profit, Revenue

Irvine-based automotive marketer Autobytel Inc. saw revenue and profit increase in the second quarter.

Fast-Growing Private Companies Wanted for Annual List

The Business Journal is looking for Orange County-based companies that have seen their yearly sales grow rapidly from mid-2010 to mid-2012 for our sixth annual list of fastest-growing privately held companies.

Thursday, August 2

Midday Stock Roundup

The Nasdaq was down 0.75% to 2,898.4 in midday trading, while the Dow Jones Industrial Average fell 1.27% to 12,806.45.

Wet Seal Chairman Says Retailer Back to Fast-Fashion

The head of Foothill Ranch-based Wet Seal Inc. said the retailer is returning to a fast-fashion strategy that will aim to compete with competitors on price.

Masimo Reduces Profit Guidance, Buys Swedish Company

Shares of Irvine-based Masimo Corp. fell in early trading today after it said that it expects to post a lower profit than previously projected for the year, partially as a result of a recent acquisition.

Gray New CEO at South County Bank

Glenn Gray is now chief executive of South County Bank N.A., a subsidiary of Rancho Santa Margarita-based CalWest Bancorp.

American Vanguard “Relatively Unaffected” by Midwest Drought

Newport Beach-based American Vanguard Corp. boosted profit by 46% in the second quarter to $8.7 million compared with the same period a year ago.

California United Completes Buy of Anaheim-Based Premier Commercial

California United Bank has completed its $42.3 million acquisition of Anaheim-based Premier Commercial Bancorp.

OC Automakers’ July Sales Mixed

Local automakers’ sales last month were mixed while the annual pace of overall industry sales stayed on track to beat last year at more than 14 million vehicles.

Fast-Growing Private Companies Wanted for Annual List

The Business Journal is looking for Orange County-based companies that have seen their yearly sales grow rapidly from mid-2010 to mid-2012 for our sixth annual list of fastest-growing privately held companies.

Wednesday, August 1

Midday Stock Roundup

The Nasdaq was down 2.43% to 2,937.09 in midday trading, while the Dow Jones Industrial Average rose 0.31% to 13,049.5840.90.

Allergan Profit Beats Estimates, Raises Guidance

Allergan Inc. shares surged 6% in midday trading today after the drug maker posted a quarterly profit outpacing Wall Street’s expectations.

TTM Shares Drop on Q2 Miss, Trimmed Outlook

Shares of Santa Ana-based circuit board maker TTM Technologies Inc. were down by about 15% in early trading today to a market value of about $769 million.

San Clemente Company’s Work on Olympics Now in Play

The work of San Clemente-based Regenesis Bioremediation Products Inc. on a brownfield regeneration and environmental cleanup for London’s Olympic Park is getting extra attention amid the ongoing 2012 Summer Olympics there.

Manhattan Beachwear Nabs Adidas License

Cypress-based swimsuit maker Manhattan Beachwear Inc. struck a deal to make swimwear in the U.S. for German athletic apparel company Adidas AG.

Covidien Cuts Jobs After Newport Medical Buy

Covidien PLC said that it let go 24 workers in its respiratory and monitoring solutions unit in a move related to its March buy of Costa Mesa-based Newport Medical Instruments Inc. for $108 million.

Fast-Growing Private Companies Wanted for Annual List

The Business Journal is looking for Orange County-based companies that have seen their yearly sales grow rapidly from mid-2010 to mid-2012 for our sixth annual list of fastest-growing privately held companies.