Stories for December 2012

Monday, December 31

JWA Sees November Traffic Rise

November passenger traffic at John Wayne Airport increased 6.4% from a year earlier to 750,800.

Midday Stock Roundup

The markets are up Monday on hopes that a deal to avert the "fiscal cliff" is near.

Chevron Sues Mission Energy

A bankrupt Santa Ana-based unit of Edison International has been sued by Chevron Corp. affiliates.

Saturday, December 29

Sale in Tustin Raises Bar for Apartments

REAL ESTATE: Complex tops $400,000 per unit, among best prices in 2012 for sizable developments

Recently built Tustin apartment complex trades hands at one of the higher per-unit prices seen in the region of late

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Vinny’s Next Move

Toba Capital Eyes “Next Generation of IT Infrastructure”

Vinny Smith’s newest venture: Toba Capital

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By the Numbers - Irvine Spectrum Businesses

There are more than 2,000 businesses in the Irvine Spectrum. Includes analysis, charts and figures.

REAL ESTATE DEALS - Dec. 31, 2012

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

Quiet Q3 for Manufacturing and Warehouse

REAL ESTATE WATCH: MANUFACTURING & WAREHOUSE

Orange County’s manufacturing and warehouse market hit a slowdown in the third quarter. Includes Real Estate Watch industry performance charts.

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Cloud Services Set to Stay in Driver’s Seat for 2013

Seamlessness Takes Hold at Home, Store and Work

Ericsson ConsumerLab report outlines “Ten Hot Consumer Trends” for 2013, in Technology

Accretive Realty Adds Medical Office in Aliso Viejo

Purchase Follows Deal for San Clemente Office

Accretive Realty Advisors Inc. makes another local purchase with Aliso Viejo office buy, in Real Estate

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Wm. Lyon Homes HQ to MacArthur Court

REAL ESTATE: Move from Von Karman expected in April

William Lyon Homes Inc. signs deal for new headquarters at MacArthur Court

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Call Center Sees Irvine HQ as Brand Boost

SERVICES: Alorica cites area’s amenities in relocation from IE

Call-center operator Alorica Inc. moves its headquarters to Irvine from Chino, taking up about 20,000 square feet at 5 Park Plaza

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Innocean Adds Candy, Golf Wear to Hyundai Billings

Huntington Beach Shop Gets Beyond Founding Account

Innocean Worldwide adds new clients, expands portfolio beyond Hyundai Motor America Inc., in Media and Marketing

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Avanir’s Year-End Highlight: Four Trials in Pipeline

Michael J. Fox Foundation Funds Study on Parkinson’s

Avanir Pharmaceuticals Inc. highlights four clinical trials in pipeline at recent year-end conference, in Healthcare

CALENDAR - Dec. 31, 2012-Jan. 9, 2013

A listing of events happening all around Orange County.

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ADDENDUM - December 31, 2012

Other news items of interest from the Orange County Business Journal

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$192,000 Gala for Blind Children’s Learning Center

Annual Fundraiser Fetes 50 Years of Service

PHILANTHROPY Column by Sherri Cruz

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Westminster Mall Names New GM

Westminster Mall names new general manager

Clothing Company Set to Expand Into Krystal Koach HQ

APPAREL: AST pays $12.75M for 113,851 SF in bankruptcy sale

Anaheim-based AST Sportswear Inc. plans to move its headquarters next year after recently purchasing a new office in Brea

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Alliant Eyes Asian Corporate Customers

Alliant Insurance Services Inc. launches new division focusing on U.S. operations of Asian corporate customers

Reports: Cisco Seeks Sale of Linksys

Reports put Cisco Systems Inc. close to selling off its Irvine-based home-networking group, Linksys LLC

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Study: More Gains for OC Exports, $30B by 2014

ECONOMY: 5.8% increase seen for 2013; tech sector main driver

Exports from OC will continue their post-recession climb in 2013, according to a recent report

Medical Journal Studies Bring Aid for Lab’s Shares

HEALTHCARE: Staves off threat of delisting thanks to 200% gain

CombiMatrix shares jump more than 200% on medical journal studies, helping company avoid threat of delisting

Hines Stays in IBC for Latest Office Acquisition

REAL ESTATE: Adds another 126,000 SF in airport area

Latest buy of Hines Interests LP’s Irvine office is former headquarters of Westcliff Medical Laboratories Inc.

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Quest Board Gets “A” From Dealbook; Augie Gets More From Son

OC INSIDER Column by Jerry Sullivan

$38 Million Move in Platinum Triangle

REAL ESTATE: $120M in deals since October, pared-back plans point to post-recession reset

Owner of recently acquired Platinum Triangle apartment complex set to build more apartments on adjacent land

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Online in Orange

Taiwan Company’s U.S. Headquarters Keeps Low Profile, Rides High Tide With Amazon

Transcend Information Inc. keeps low profile while gaining market share through online sales

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CSUF Index Up for Q1

OC business owners, execs anticipate continued growth in Q1, according to Cal State Fullerton’s quarterly Business Expectations Index

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Friday, December 28

Midday Stock Roundup

The S&P 500 fell 0.42% to 1,412 in midday trading Friday.

Dendreon Sells New Jersey Plant

Seattle-based Dendreon Corp., which has a Seal Beach plant, recently sold another manufacturing facility in Morris Plains, N.J. to Novartis Pharmaceuticals Corp. for $43 million.

Thursday, December 27

Alliance HealthCare Shares About Even After Reverse Split

Shares of Newport Beach-based medical imaging provider Alliance HealthCare Services Inc. are holding about steady in the first day of trading after a 1-for-5 reverse stock split took effect.

Midday Stock Roundup

The S&P 500 fell 0.83% to 1,408 in midday trading Thursday.

Acacia Adds Orthopedic Patents

Newport Beach-based Acacia Research Corp. has bolstered its portfolio of medical devices and technology patents with its latest buy.

Wednesday, December 26

Midday Stock Roundup

The S&P 500 fell 0.51% to 1,419 in midday trading Wednesday.

Pimco’s El-Erian to Chair White House Panel

President Barack Obama has appointed Mohamed El-Erian, chief executive of Newport Beach-based Pacific Investment Management Co., as chairman of the U.S. Global Development Council.

Monday, December 24

Stock Roundup

The S&P 500 closed down 0.24% to 1,427 on Monday.

FDA, Allergan Warn of Possible Botox Counterfeits

The Food and Drug Administration has issued warnings to more than 350 medical practices that might have received counterfeit versions of Irvine-based Allergan Inc.’s flagship Botox drug.

Anaheim/OC Visitor & Convention Bureau Names President

The Anaheim/Orange County Visitor & Convention Bureau named an industry veteran from Texas to its top post.

Friday, December 21

Anaheim/OC Visitor & Convention Bureau Names President

The Anaheim/Orange County Visitor & Convention Bureau named an industry veteran from Texas to its top post.

Midday Stock Roundup

The S&P 500 was down 1.19% to 1,426 in midday trading Friday.

OC’s Jobless Rate Falls to 7%

Orange County added 3,000 jobs in November, driving the local unemployment rate down to 7% from 7.2% in October and 8.1% from a year ago.

Goodwill of Orange County Taps Disney Vet as Marketing VP

Santa Ana-based Goodwill of Orange County named a former Disney marketing executive as vice president of marketing and community development, a new position for the non-profit.

Mazda Debuts Times Square Billboard

Irvine-based Mazda North American Operations has unveiled a billboard in New York’s Times Square, where its latest model will get plenty of exposure during the upcoming New Year’s Eve celebration—a traditional magnet for tourists and media.

Ensign Buys Fort Worth Nursing Home

Mission Viejo-based Ensign Group Inc. said today that it has acquired a nursing home in Fort Worth, Texas.

Thursday, December 20

Goodwill of Orange County Taps Disney Vet as Marketing VP

Santa Ana-based Goodwill of Orange County named a former Disney marketing executive as vice president of marketing and community development, a new position for the non-profit.

Mazda Debuts Times Square Billboard

Irvine-based Mazda North American Operations has unveiled a billboard in New York’s Times Square, where its latest model will get plenty of exposure during the upcoming New Year’s Eve celebration—a traditional magnet for tourists and media.

Midday Stock Roundup

The S&P 500 rose 0.20% to 1,439 in midday trading Thursday.

Local Billabong Exec Named Interim Global CFO

The chief financial officer for the Irvine-based Americas division of Billabong International Ltd. has been named to the same post for the entire company.

More Gains Seen for OC Exports

The value of exports from Orange County will increase by 5.8% in 2013, reaching a total of $27 billion, according to a recent report from California State University, Fullerton.

Hyundai Recalls 13,500 Veloster Coupes

The parent of Costa Mesa-based Hyundai Motor America Inc. is recalling 13,500 of its Veloster models due to an installation problem with the coupe’s sunroof that could cause its glass to shatter.

Wednesday, December 19

Midday Stock Roundup

The S&P 500 fell 0.21% to 1,444 in midday trading Wednesday.

Billabong Confirms Naude Bid

The parent of Irvine-based Billabong USA confirmed that its locally-based executive has put in an offer to purchase the company.

Westminster Mall Names GM

The Westminster Mall named Rajeev K. Chhabra as general manager.

Tuesday, December 18

Billabong Confirms Naude Bid

The parent of Irvine-based Billabong USA confirmed that its locally-based executive has put in an offer to purchase the company.

Westminster Mall Names GM

The Westminster Mall named Rajeev K. Chhabra as general manager.

Midday Stock Roundup

The S&P 500 rose 1.09% to 1,446 in midday trading Tuesday.

Cisco Seeks Buyer for Linksys Unit in Irvine

Cisco Systems Inc. has hired Barclays PLC to shop its home networking group based in Irvine and may have already found a buyer, according to media reports.

Alliant Starts Group for Asian Corporate Customers

Newport Beach-based Alliant Insurance Services Inc. has started a strategic division to target U.S. operations of Asian corporate customers.

Mission Energy Files for Bankruptcy

Santa Ana-based Edison Mission Energy has filed for bankruptcy.

Former Exec at Manufacturer Sentenced on Foreign Bribery

A former vice president of Control Components Inc. in Rancho Santa Margarita has been sentenced to four months in prison to be followed by four months of home confinement for violating a U.S. foreign bribery law.

Monday, December 17

Cisco Seeks Buyer for Linksys Unit in Irvine

Cisco Systems Inc. has hired Barclays PLC to shop its home networking group based in Irvine and may have already found a buyer, according to media reports.

Alliant Starts Group for Asian Corporate Customers

Newport Beach-based Alliant Insurance Services Inc. has started a strategic division to target U.S. operations of Asian corporate customers.

Mission Energy Files for Bankruptcy

Santa Ana-based Edison Mission Energy has filed for bankruptcy.

Midday Stock Roundup

The S&P 500 was up 0.74% to 1,424 in midday trading Monday.

Billabong Issues Trading Halt on Buyout Proposal

The Australian parent of Irvine-based Billabong USA announced a trading halt late Sunday pending an announcement on a potential buyout bid for the company.

N.Y. Hedge Fund Becomes Emulex’s Largest Investor

A New York hedge fund with a history of high-profile sales and acquisitions in the technology sector has become Emulex Corp.’s largest investor.

Woolcott to Exec Chairman at Volcom

Richard Woolcott, the co-founder and chief executive of Costa Mesa-based Volcom Inc., is expected to step down at the end of the year and become executive chairman at the action sports company.

Saturday, December 15

Giving Struggles to Climb Back After Tough Times

PHILANTHROPY: Mainstay local donors behind biggest gifts

Giving increases this year, albeit at more modest levels than before recession

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Fuel Supplier Plans Offering to Fund Natural-Gas Drive

ENERGY: Universal Bioenergy also seeks improved balance sheet

Universal Bioenergy aims to raise $50 million to $100 million in a public offering planned for sometime in the next six months

Mazzo: Delay Better Tactic vs. Device Tax

HEALTHCARE: Sees little hope for its quick repeal

Tax on medical-device makers’ revenue focus of recent industry gathering

Edwards Prepares to Launch Sapien XT in Japan

HEALTHCARE: Eyes mid-’13 approval there for heart valve

Edwards Lifesciences Corp. plans late-2013 launch in Japan for replacement heart valve Sapien XT

By the Numbers - North Orange County Businesses

There are more than 32,000 businesses in North Orange County.

Vacancies, Lease Rates Up for Research and Development Space

REAL ESTATE WATCH: Research & Development Space

The local research and development segment posted a mixed third quarter, with more vacancies but also higher lease rates. Includes Real Estate Watch industry performance charts.

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REAL ESTATE DEALS - December 17 , 2012

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

Pac Life-Backed Apartment Towers to Sell for $300M

Newport Beach Insurer Helped Fund Construction

Chicago apartment towers partly owned by Pacific Life Insurance Co. set to sell for $300M, in Real Estate

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CALENDAR - Dec. 17-26, 2012

A listing of events happening all around Orange County.

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Jenner Sisters Enlisted to Design PacSun Clothing Line

Reality Stars Lend Names to Kendall and Kylie Items

Pacific Sunwear debuts collaboration with reality TV stars and sisters Kendall and Kylie Jenner, in Media and Marketing

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Coming Soon: Interactive Holograms in Living Rooms

So Says Samueli, Who Also Predicts Ubiquitous Sensors

Henry Samueli talks future of tracking sensors at industry event in Technology

Waterfront Craftsman Goes Quickly for $5.9 Million

Its Open House Attracted Several Interested Parties

Open house for 120 S. Bayfront in Newport Beach results in $5.9 million sale, in Luxury Homes

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IRS Issues Device Tax Details; Repeal Push Continues

Area Companies, Others Warn of Jobs Impact

Internal Revenue Service issues final ruling on tax of medical device makers’ revenue, in Healthcare

ADDENDUM - December 17, 2012

Other news items of interest from the Orange County Business Journal

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Irvine Battery Maker Raises $24 million

Battery maker Enevate Corp. raises $24 million in second-round financing from new and existing investors

KBS Buys Office Buildings in Houston for $36.3 Million

REAL ESTATE: $116/SF deal follows $68.5M purchase there

KBS Realty Advisors adds to fast-growing portfolio with pair of Houston office buildings

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Vinny Smith Has Left the Building

Dell Inc. cuts ties with former Quest Software Inc. Chief Executive Vincent “Vinny” Smith

William Lyon Buys Village Homes in Colorado

REAL ESTATE: Denver area among healthiest U.S. markets

William Lyon Homes Inc. buys assets of Denver-area homebuilder

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Taking Stox of Anaheim Landmark; Laguna Draws Famed Duo; Holiday Buzz

OC INSIDER Column by Jerry Sullivan

Stent Maker Sticks to Knitting

HEALTHCARE: Focuses on innovation in aortic devices

Irvine medical device maker Endologix Inc. sees Wall Street profile and share price rise as it continues focus on aorta

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Fisker Seeks Co-Pilot for Hobbled Hybrids

AUTOMOTIVE: Currently has no vehicle in active production

Fisker Automotive Inc. continues search for partner amid a number of setbacks

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Alliant Affirms Local HQ With New Owner

INSURANCE: Timing of KKR deal keyed on tax considerations

Newport Beach-based Alliant Insurance Services Inc. to stay in OC following sale to Kohlberg Kravis Roberts & Co.

Q1 Start for Long-Awaited Anaheim Concourse

REAL ESTATE: 15-building industrial project has $160M cost

Panattoni Development’s local office plans to break ground on more than 1.6 million square feet of Anaheim industrial space in the next few months

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Cali Cool for British Outfit

Kofax Favors Open Design, Minimal Stuffiness

Corner Office: Kofax headquarters ditch stuffiness in favor of open design

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Friday, December 14

Woolcott to Exec Chairman at Volcom

Richard Woolcott, the co-founder and chief executive of Costa Mesa-based Volcom Inc., is expected to step down at the end of the year and become executive chairman at the action sports company.

N.Y. Hedge Fund Becomes Emulex’s Largest Investor

A New York hedge fund with a history of high-profile sales and acquisitions in the technology sector has become Emulex Corp.’s largest investor.

Midday Stock Roundup

The S&P 500 fell 0.30% to 1,415 in midday trading Friday.

Dell Confirms Quest Software CEO's Departure

Dell Inc. has cut all ties with former Quest Software Inc. Chief Executive Vincent “Vinny” Smith.

Quiksilver Slumps on Q4 Earnings

Shares of Huntington Beach-based Quiksilver Inc. fell, a day after the company reported disappointing fourth-quarter results.

Thursday, December 13

Quiksilver Slumps on Q4 Earnings

Shares of Huntington Beach-based Quiksilver Inc. fell in after-hours trading after the company reported disappointing fourth-quarter results.

Midday Stock Roundup

The S&P 500 fell 0.71% to 1,418 in midday trading Thursday.

Thompson Foundation, Commission Give $14.8M for Autism Center

The William and Nancy Thompson Family Foundation and the Children and Families Commission of Orange County will donate $14.8 million to create a center specializing in autism and neurodevelopmental disorders.

Private Equity Firm Taps Ex-NBA Player

Anaheim Hills-based financial services firm Metrix Capital Group LLC has tapped former National Basketball Association player Corey Crowder to boost its business development front.

Wednesday, December 12

Private Equity Firm Taps Ex-NBA Player

Anaheim Hills-based financial services firm Metrix Capital Group LLC has tapped former National Basketball Association player Corey Crowder to boost its business development front.

Midday Stock Roundup

The S&P 500 rose 0.65% to 1,437 in midday trading Wednesday.

Enevate Raises $24M

Irvine-based startup Enevate Corp. has raised $24 million in its second financing round from new and existing investors.

Register Parent Buys Churm Media

Irvine-based Freedom Communications Inc., owner of the Orange County Register, has acquired Newport Beach-based Churm Media.

Yogurtland Poised for Growth in Australia

Irvine-based Yogurtland Franchising Inc. is making good on aggressive plans for growth with a new franchising deal for Australia.

Tuesday, December 11

Yogurtland Poised for Growth in Australia

Irvine-based Yogurtland Franchising Inc. is making good on aggressive plans for growth with a new franchising deal for Australia.

Midday Stock Roundup

The S&P 500 rose 0.92% to 1,432 in midday trading Tuesday.

Judge’s Ruling Strikes Down Anaheim Hotel Subsidy

A $158 million subsidy approved by the Anaheim City Council for the development of two hotels has been ruled unlawful.

Fisker Cuts Workforce

Anaheim-based luxury hybrid automaker Fisker Automotive Inc. reportedly has cut about half its workforce during the past year.

Monday, December 10

Midday Stock Roundup

The S&P 500 rose 0.12% to 1,420 in midday trading Monday.

Patent Office Rejects Infringement Claims Against Netlist, Shares Surge

Netlist Inc. shares surged Monday after the Irvine-based company announced the U.S. Patent and Trademark Office rejected claims brought by a competitor that it had infringed on patents.

OC Hotel Rates Rise 9%

Orange County hotels saw the average daily room rate rise 9% in October, the most recent data available from PKF Consulting USA.

Editorial Cartoon - December 10, 2012

This week's Editorial Cartoon by Steve Greenberg

Sunday, December 9

More Apartments Eyed in Platinum Triangle

REAL ESTATE: Shopoff Group in deals for 13 acres, reworks plans

Development plans for a pair of adjoining parcels in Anaheim’s Platinum Triangle are being reworked to hold more apartments at the expense of office and hotel projects once envisioned for the properties.

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Harbinger for Holidays

Sales at Biggest OC Centers Up 7%, Near $7 Billion

Orange County’s largest shopping centers saw taxable sales rise about 7% over the 12 months ended in June

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North, Central OC Post Lower Lease Rates in Q3

REAL ESTATE WATCH: NORTH AND CENTRAL ORANGE COUNTY

North, Central OC post lower lease rates in third quarter. Includes Real Estate Watch industry performance charts.

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CALENDAR - Dec. 10-19, 2012

A listing of events happening all around Orange County.

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Latham & Watkins Affirms Tower Home Through ’25

Reduces Space From Top Four Floors to Top Three

Latham & Watkins LLP, Orange County’s fifth-largest law firm by attorney count, has renewed its lease at Center Tower in Costa Mesa in the Real Estate column.

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Toshiba Highlights Role in History of Flash Memory

Irvine Unit Provides Look at World Without NAND

Irvine-based Toshiba America Electronic Components Inc. wrapped up an online campaign to celebrate the 25th anniversary of Toshiba’s invention of NAND flash memory, in Media and Marketing

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Edwards’ Perimount Heart Valve Gets China Approval

Device Was Introduced for Clinical Use in 1984

Irvine-based Edwards Lifesciences Corp. has received approval from China’s State Food and Drug Administration covering use of its Carpentier-Edwards Perimount mitral heart valve, in the Healthcare Column

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Fisker to End Quantum’s Exclusive Software Deal

Supplier Vows to ‘Enforce Our Contract Rights’

Quantum Fuel Systems Technologies Worldwide Inc. and Fisker Automotive Inc. could be heading for a legal showdown, in the Technology Column.

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ADDENDUM - December 10, 2012

Other news items of interest from the Orange County Business Journal

Solomon Society Raises $500,000 at Comedy Gala

Grove of Anaheim Event Features Actor Paul Reiser

PHILANTHROPY Column by Sherri Cruz

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Moves Toward Reinvention Key to Challenges in 2013

2013 PREVIEW: MEDIA/MARKETING

2013 PREVIEW: MEDIA/MARKETING - Local media trends point toward makeovers next year.

Cautious Optimism, Despite Projected 5% Sales Hike

2013 PREVIEW: RETAIL/RESTAURANTS

2013 PREVIEW: RETAIL/RESTAURANTS - Expect to see improvements for retailers and restaurant operators next year, but don’t expect them to come easy.

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Hospital Network, Facilities Loom Large for ’13

2013 PREVIEW: HEALTHCARE

2013 PREVIEW: HEALTHCARE - Expect hospitals to take a leading role in shaping Orange County’s 2013 healthcare news.

‘Skills Gap’ Hampers Area Manufacturing Growth

2013 PREVIEW: MANUFACTURING

2013 PREVIEW: MANUFACTURING - The local manufacturing sector is expected to grow next year, albeit at a sluggish pace, according to a recent economic forecast by Chapman University in Orange.

Banks Amass Assets, Tread Carefully Into 2013

2013 PREVIEW: FINANCE

2013 PREVIEW: FINANCE - Banks and financial advisers are heading into 2013 with mixed feelings.

Coming Soon: Renewed Development Activity

2013 PREVIEW: Real Estate

2013 PREVIEW: Real Estate - Construction is set to move ahead at several long-delayed development sites across Orange County next year, the latest sign of life in the area’s real estate market.

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Focus Sharpens on Data, Mobility, Cloud Schemes

2013 PREVIEW: TECHNOLOGY

2013 PREVIEW: TECHNOLOGY: Expect increased emphasis on data storage and data networking in 2013, as well as the continued growth of mobile technology and cloud computing into ever-increasing numbers of business niches.

Momentum Vs. Far-Off Factors

2013 PREVIEW

Orange County’s economy heads into 2013 with signs of momentum that might only be slowed by far-off circumstances that are well beyond local control.

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Accretive Accrues SC Medical Office

HEALTHCARE: $12M list price equates to $388 per square foot

Oceanview Medical Center, a medical office building near Saddleback Memorial Medical Center’s San Clemente campus, has been sold on undisclosed terms to Irvine-based investor Accretive Realty Advisors Inc.

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Sabra Buys Keep Pace Brisk on Diversification Plan

HEALTHCARE: Former owner Sun down to 60% of tenant base

Irvine-based Sabra Health Care REIT Inc. is ahead of schedule in its plan to reduce its dependence on primary tenant Sun Healthcare Group Inc.

Quiksilver’s Latest Retail Strategy: Let it Snow

APPAREL: Stores in Park City, Vail among first in makeover

Huntington Beach-based Quiksilver Inc. plans to redesign about half of its stores as part of an ambitious plan to grow sales.

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First Up for UCI in 2013: Groundbreaking for Business School

EDUCATION: $50M Project caps tenure of Merage dean

First up for University of California, Irvine, next year: a start to construction for the new home of its Paul Merage School of Business, a $50 million project with backing from Orange County’s business community.

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Texas Investor Buys Orange City Square

REAL ESTATE: Price likely tops $80M; more SoCal deals expected

Granite Properties, a Plano, Texas-based real estate investor, has bought the Orange City Square office complex and has plans for more local deals.

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By the Numbers - Stanton Businesses

There are more than 600 businesses in Stanton. Includes analysis, charts and figures.

REAL ESTATE DEALS - December 10, 2012

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

Friday, December 7

Midday Stock Roundup

The S&P 500 rose 0.06% to 1,415 in midday trading Friday.

First PacTrust Sells $45M in Notes

Irvine-based First PacTrust Bancorp Inc. has closed its sale of $45 million of senior notes that will mature April 15, 2020.

Fisker Working with Investment Bank on Search for Partner

Anaheim-based Fisker Automotive Inc. has hired investment bank Evercore Partners Inc. to assist with the luxury hybrid automaker’s search for potential partners or investors, according to a Wall Street Journal report.

CombiMatrix Rises on New England Journal of Medicine Reports

Irvine-based molecular diagnostic company CombiMatrix Corp.’s shares shot up Friday after two studies published in the New England Journal of Medicine validated its test offerings.

Thursday, December 6

Midday Stock Roundup

The S&P 500 was up 0.15% to 1,411.35 in midday trading Thursday.

Emulex Eyes Buy in New Zealand

Costa Mesa-based networking equipment maker Emulex Corp. has signaled its intent to acquire Endace Ltd. in New Zealand for $130 million in an all-cash deal.

New Creative Chief for Draftfcb

The Irvine office of advertising agency Draftfcb will add Eric Springer as executive vice president and chief creative officer, effective Jan. 2.

Johnny Rockets Inks Colombia Franchise Agreement

Colombia is the next international market set to see Aliso Viejo-based burger chain Johnny Rockets Restaurant Group Inc.

Pacific Premier Plans $30M Offering

Irvine-based Pacific Premier Bancorp Inc. is planning to issue a public offering of 3.3 million shares of its common stock at $10 per share.

Plaza Bank’s Profits Up for Q3

Irvine-based Plaza Bank reported third-quarter net income of $860,000, more than double its year-earlier profit.

Wednesday, December 5

Pacific Premier Plans $30M Offering

Irvine-based Pacific Premier Bancorp Inc. is planning to issue a public offering of about $30 million of its common stock.

Emulex Eyes Buy in New Zealand

Costa Mesa-based networking equipment maker Emulex Corp. has signaled its intent to acquire Endace Ltd. in New Zealand for $130 million in an all-cash deal.

Midday Stock Roundup

The S&P 500 rose 0.4% to 1,413 in midday trading Wednesday.

Edwards Rises on 2013 Sapien Forecast

Shares of Irvine-based Edwards Lifesciences Corp. saw a run-up Tuesday and are holding steady today after the heart valve maker said it expects strong sales for its less-invasive heart valves next year.

OC Healthcare Companies Move Dividends Up

Quality Systems Inc. and Questcor Pharmaceuticals Inc. said today that they plan to pay their shareholders dividends earlier than previously scheduled because of uncertainty over tax rates for 2013.

Pimco Gets Patent on Index Method

Newport Beach-based Pacific Investment Management Co. has received a U.S. patent for the methodology behind its global bond index.

Ports Reopen on Tentative Labor Pact

The Los Angeles and Long Beach ports reopened today after clerks and their shipping company employers struck a tentative deal.

Alliant Execs Named Women to Watch

Reshma Dalia and Mandy McNeil of Newport Beach-based Alliant Insurance Services Inc. were honored at the 2012 Women to Watch competition, held by industry publication Business Insurance.

5 OC Companies on Inc.’s “Hire Power” List

A handful of Orange County companies have made Inc. Magazine’s inaugural list of 100 companies that have added employees at a rapid pace in the U.S in recent years.

Suzuki Gets‘OK’ From Most Dealers on Settlement

Brea-based American Suzuki Motor Corp. said the vast majority of its dealers have approved a settlement agreement that is part of the automaker’s restructuring under its recent Chapter 11 bankruptcy filing.

Fisker Founder Says Search for Strategic Partner Ongoing

Anaheim-based luxury hybrid automaker Fisker Automotive Inc. is hoping to partner with another manufacturer, according to reports.

American Vanguard CEO Exercises Options on 450,000 Shares

Eric Wintemute, chief executive of Newport Beach-based American Vanguard Corp., has exercised 450,000 options in the company’s common stock.

Tuesday, December 4

Suzuki Gets‘OK’ From Most Dealers on Settlement

Brea-based American Suzuki Motor Corp. said the vast majority of its dealers have approved a settlement agreement that is part of the automaker’s restructuring under its recent Chapter 11 bankruptcy filing.

Edwards Rises on 2013 Sapien Forecast

Shares of Irvine heart valve maker Edwards Lifesciences Corp. rose today after it said it expects strong sales for its less-invasive heart valves next year.

Pimco Gets Patent on Index Method

Newport Beach-based Pacific Investment Management Co. has received a U.S. patent for the methodology behind its global bond index.

OC Healthcare Companies Move Dividends Up

Quality Systems Inc. and Questcor Pharmaceuticals Inc. said today that they plan to pay their shareholders dividends earlier than previously scheduled because of uncertainty over tax rates for 2013.

Midday Stock Roundup

The S&P 500 fell 0.24% to 1,406 in midday trading Tuesday.

Clinton Set for Masimo Conference

Irvine-based medical device maker Masimo Corp. said Monday that former President Bill Clinton will appear next month at a conference sponsored by its foundation.

Sabra Buys Properties in Texas, Minnesota

Sabra Health Care REIT Inc., an Irvine-based real estate investor, said Monday that it made two deals.

HB Medical Supply Business Sold

Huntington Beach-based medical supply distributor A-Med Health Care Inc. has been sold to Byram Healthcare Centers Inc. for an undisclosed price.

EEOC Investigation Finds Evidence of Discrimination at Wet Seal

A federal agency’s investigation into Foothill Ranch-based Wet Seal Inc. has concluded that there was evidence of racial discrimination in the case of one of the company’s former store managers.

Auto Sales Up in November

Auto sales made a comeback in November following the impact of Hurricane Sandy, with the annualized pace now set to top 15 million vehicles this year.

Tickets.com Signs Orioles

Costa Mesa-based tickets.com inked a multiyear deal with the Baltimore Orioles to sell tickets to sporting and special events at Oriole Park at Camden Yards.

Monday, December 3

Auto Sales Up in November

Auto sales made a comeback in November following the impact of Hurricane Sandy, with the annualized pace now set to top 15 million vehicles this year.

Sabra Buys Properties in Texas, Minnesota

Sabra Health Care REIT Inc., an Irvine-based real estate investor, said Monday that it made two deals.

HB Medical Supply Business Sold

Huntington Beach-based medical supply distributor A-Med Health Care Inc. has been sold to Byram Healthcare Centers Inc. for an undisclosed price.

Clinton Set for Masimo Conference

Irvine-based medical device maker Masimo Corp. said today that former President Bill Clinton will appear next month at a conference sponsored by its foundation.

Tickets.com Signs Orioles

Costa Mesa-based tickets.com has inked a multiyear deal with the Baltimore Orioles to sell tickets to sporting and special events at Oriole Park at Camden Yards.

Midday Stock Roundup

The S&P 500 fell 0.15% to 1,414 in midday trading Monday.

American Vanguard Sets Special Dividend

Newport Beach-based agricultural products maker American Vanguard Corp. has announced a one-time cash dividend of 10 cents per share to be distributed on Dec. 21.

Register Parent Sells Colorado Springs Gazette

Irvine-based Freedom Communications Inc. has sold the Colorado Springs Gazette to Denver-based Clarity Media Group, owned by Denver billionaire Philip Anschutz.

ChromaDex Buys Consultancy

Irvine-based dietary supplements and ingredients maker ChromaDex Corp. has acquired Spherix Consulting Inc., a subsidiary of Spherix Inc.

Power Balance Out of Sacramento Arena

Power Balance LLC’s multi-year title sponsorship with the Sacramento Kings, which included stadium naming rights, has ended less than two years into the deal.

Saturday, December 1

Laguna Hills Mall on Retail Makeover List

RETAIL: City expects $55M revamp to mirror surrounding “Urban Village”

Owners of the Laguna Hills Mall are said to be planning a redevelopment of the 847,000-square-foot shopping center

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Online Fraud Sleuth Wins Patent for Mix of Services

CitizenHawk Hunts Down Scams, Redirects Traffic

Online fraud sleuth wins patent for mix of services, in Technology

Unlisted Ocean-View Home in Corona Sells for $3.8M

Pharmaceutical Exec Buys Harbor View 4-Bedroom

Unlisted ocean-view home in Corona del Mar sells for $3.8 million, in Luxury Homes

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Can Naude Pull Off Billabong Deal?

APPAREL: OC-based exec seen as prime fit, seeks backing for takeover

Next chapter for Australia-based Billabong International could be written from Irvine

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Uptown Project Stirs Spate of Objections

REAL ESTATE: Nearby property owners, developers among critics

A proposed mixed-use development in Newport Beach that could feature several residential towers is seeing its share of criticism

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2012 YEAR in Review

Deals, Departures, Retirements Change Local Lineup

YEAR IN REVIEW: PEOPLE, COMPANIES, BIG STORIES

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2012 YEAR in Review: Finance

Person to Watch: STEPHEN GORDON; Company to Watch: PACIFIC MERCANTILE BANCORP

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By the Numbers - Yorba Linda Businesses

There are more than 1,300 businesses in Yorba Linda. Includes analysis, charts and figures.

REAL ESTATE DEALS - December 3, 2012

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

South OC Office Market Begins to Recover

REAL ESTATE WATCH: SOUTH ORANGE COUNTY

South Orange County office space continues to show positive signs. Includes Real Estate Watch industry performance charts.

NGK Plugs Into Smaller Space in Irvine Spectrum

Company Has Had Irvine Presence for 30-Plus Years

Local operations of Japan-based NGK look to be moving to a smaller location in the Irvine Spectrum, in Real Estate

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Fladeboe EcoCentre to Draft Off of Sister Dealerships

Sells Lower-Cost Plug-Ins in Connected Location

Fladeboe has a unique marketing strategy afoot for a line of electric vehicles from China, in Media and Marketing

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ICU Medical Set to Release Needle-Free Drug Device

Says Product Could Help Prevent Contamination

ICU Medical set to release needle-free drug device, in Healthcare

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CALENDAR - Dec. 4-12, 2012

A listing of events happening all around Orange County

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ADDENDUM - December 3, 2012

Other news items of interest from the Orange County Business Journal

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Culinary Classes Can Make for Unique Holiday Gifts

Mare, Eat Street Among Those Offering Instruction

Culinary classes can make for unique holiday gifts, in Executive Dining

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Organizations’ Revenue Nears $1 Billion on 4% Gain

NONPROFITS: Also mark 3% increase in paid positions

ABOUT THE LIST: NONPROFITS - Organizations’ revenue nears $1 billion on 4% gain. Includes the 2012 OC's LARGEST NONPROFITS list for download (pdf)

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2012 YEAR in Review: Media

Person to Watch: MEL ROGERS; Company to Watch: FREEDOM COMMUNICATIONS INC.

2012 YEAR in Review: Tourism

Person to Watch: RAFFI KAPRELYAN; Company to Watch: WALT DISNEY CO.

2012 YEAR in Review: Restaurants

Person to Watch: DAVID GORONKIN; Companies to Watch: TROUBLED CHAINS

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2012 YEAR in Review: Health

Company to Watch: APPLIED MEDICAL RESOURCES CORP.; Person to Watch: J. ROBERT HURLEY

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2012 YEAR in Review: Manufacturing

Person to Watch: RON SIMON; Company to Watch: SUREFIRE LLC

2012 YEAR in Review: Retail

Person to Watch: SUSAN MCGALLA; Company to Watch: PACIFIC SUNWEAR OF CALIFORNIA INC.

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2012 YEAR in Review: Technology

Person to Watch: JIM PETERSON; Company to Watch: SAGE SOFTWARE INC.

2012 YEAR in Review: Real Estate

Person to Watch: SCOTT STOWELL; Company to Watch: WILLIAM LYON HOMES

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GSF Taps New Exec on Sustainability Push

SERVICES: Golden State Foods taps attorney Dimetria Jackson to lead company’s social responsibility and sustainability initiatives

Heart-Valve Startup Stakes Claim in OC Device Hub

HEALTHCARE: Direct Flow expects local work force to grow

Heart-valve startup stakes claim in OC device hub

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Much More Than Mazzo in AMO Caper; Potty Talk; Fuller’s Chair

OC INSIDER Column by Jerry Sullivan

Herbert Eye Institute Holds Off for Whole Deal

HEALTHCARE: All 70,000 SF will open in September; pediatrics added

Gavin Herbert Eye Institute is working toward a September opening

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MemorialCare Eyes Public Programs With HMO Plan

HEALTHCARE: Buy in LB comes amid trend toward managed care

MemorialCare’s bid to branch out from its hospital operations puts it in position to get more business from publicly subsidized programs