Stories for January 2012

Tuesday, January 31

Pac LifeCorp Sells College Savings Bank to Investor Group

Pacific LifeCorp, a subsidiary of Newport Beach-based Pacific Mutual Holding Co., has sold its subsidiary College Savings Bank to a syndicate of investors.

Broadcom Shares Up on Q4 Earnings, Dividend Increase

Shares of Broadcom Corp. are up in afterhours trading Tuesday after the Irvine-based chipmaker announced fourth quarter financials that beat Wall Street expectations.

Positive Clinical Trial Results Send Edwards Lifesciences Up

Irvine-based heart valve maker Edwards Lifesciences Corp.'s shares rose today on positive test results for its new less-invasive valve.

Alliant Buy in New York

Newport Beach-based Alliant Insurance Services Inc. has acquired the 401(k) arm of New York-based T&H Benefits, Thesco Retirement Planning Services.

CorVel Shares Fall on Lower Profits

Shares of CorVel Corp., an Irvine healthcare services company, fell today on financial results that missed expectations.

Monday, January 30

Valeant Withdraws $360 Million Offer for Ista

Valeant Pharmaceuticals International of Canada said today that it was pulling its takeover bid for Irvine-based eye drug maker Ista Pharmaceuticals Inc. because of a lack of progress in talks.

Sail Venture in Canada

Costa Mesa-based venture capital firm Sail Venture Partners LLC has established a joint venture in Canada with an aim to invest in early stage clean-tech companies.

Saturday, January 28

Morningstar Sees Slower Going for Device Makers

European, Regulatory Woes Mean Uncertain Outlook

Report says medical device sector could hit snag this year amid several headwinds, in Healthcare

Maker of Surfing-Inspired Apparel Promotes Art Film

Nike Unit Hurley Touts Film for DIY Theme

Hurley International LLC makes appeal to creative set with latest marketing effort, in Media and Marketing

Tease photo

Family Finds $8.1M Pelican Crest Nest After 2 Years

Six-Bedroom Home Initially Listed for $15M

Family purchases home on Pelican Crest in $8.1M cash transaction, in Luxury Homes

Tease photo

MARKET WATCH - January 30, 2012

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

Fisker’s Future

Automaker Answers Skeptics, Eyes 12,000 Vehicles Sold in ’12

Anaheim-based automaker Henrik Fisker answers skeptics, eyes 12,000 vehicles sold in 2012

Tease photo

LA Fitness HQ Set for Move to Park Place

REAL ESTATE: Expected to shift a few blocks on Michelson

LA Fitness headquarters set for move to Park Place

A-Listers Join Boy Scouts, Prepare for New Program

COMMUNITY: Board of Regents lends clout to plans for leadership symposium

A-listers join Boy Scouts, prepare for new program

Tease photo

CALENDAR - January 31-February 8, 2012

A listing of events happening all around Orange County.

Tease photo

By the Numbers - OC Office Tenants

There are about 27,800 office tenants in Orange County, excluding medical offices.

REAL ESTATE DEALS

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

CoreLogic Boosts Outlook Amid Texas, Other Cuts

OC-Based Data Provider Continues Strategic Review

Santa Ana-based CoreLogic Inc. boosts outlook amid cuts in Texas, elsewhere, in Real Estate

Q&A: Bruce Hamlin

New President of OC Auto Dealers Association Optimistic on 2012, Keeps Eye on Interest Rates

New president of OC Auto Dealers Association optimistic on 2012, keeps eye on interest rates

‘Jam-Packed’ Blizzard to Skip Fan Fest in Anaheim This Year

TECHNOLOGY: Video game maker commits to BlizzCon 2013

Irvine-based video game maker Blizzard Entertainment Inc. is skipping BlizzCon fan festival this year

Tease photo

CorVel Takes High Road With Low-Key Response to Blog Hit

HEALTHCARE: Sticks with record of 20 years; shares back up

CorVel takes high road with low-key response to blog hit

Foreign-Owned Cos. Lag Hiring Trend

ECONOMY: Largest here level on jobs; mix of big gains, cuts

ABOUT THE LIST: Largest foreign-owned companies with operations in Orange County put a brake on hiring in 2011. Includes the 2012 OC's LARGEST FOREIGN-OWNED COMPANIES list for download (pdf)

Tease photo

OC Automakers Aim Beyond Super Bowl

ADVERTISING: Now crafting packages around big-game spots

Orange County automakers aim beyond Super Bowl

Tease photo

Make Way for CSU Long Beach; Farewell Column

OC INSIDER Column by Rick Reiff

Red Digital’s New Script: Projectors

MEDIA: Jannard’s camera maker aims for cinemas, home theater

Irvine-based Red.com Inc. goes after another Hollywood game changer

Tease photo

Questcor Critic Had Short Position

Anaheim Drug Maker Fires Back

Questcor critic had short position, Anaheim drug maker fires back

Broadcom in Talks on Tustin Legacy Campus Plan

REAL ESTATE: Officials mum on dealings at old Marine base

Irvine-based chipmaker Broadcom Corp. apparently toying with idea of building new HQ campus elsewhere in OC

Tease photo

Vacancies Up, Lease Rates Down Despite Strong Holiday Sales

RETAIL SPACE

Vacancies up, lease rates down despite strong holiday sales

North County, Airport Area Drive Gains in Industrial Market

INDUSTRIAL SPACE

North County, airport area drive gains in industrial market

Office Market Breaks 15-Quarter Streak of Dips on Lease Rates

OFFICE SPACE

Office market breaks 15-quarter streak of dips on lease rates

Great Park Homes Move Ahead, RDA Issues Linger

FivePoint Communities set to break ground this week

Development planned around Orange County Great Park moves ahead despite uncertain outlook for redevelopment agencies

Tease photo

Sale-Leasebacks Back in Vogue as Cash Flow Primes

Deals allow property owners to move capital to operations

Sale-leaseback transaction on comeback in Orange County’s commercial real estate market

Tease photo

Heavenly Market for Church Deals

Trio of biggest deals go for sky-high $95M—before fit-out

Trio of church sales combine for nearly $95 million—before fit-out

Tease photo

ADDENDUM - January 30, 2012

Other items of interest Orange County Business Journal

Tease photo

Ingram Micro Chief Gets Good Grades on Way Out

Spierkel Credited With Steady Revenue Growth

Analysts laud Gregory Spierkel’s run as chief executive of Ingram Micro, in Technology

Friday, January 27

Schafer New Chairman of Janus

Glenn Schafer has been named the new chairman of Janus Capital Group Inc.

Thursday, January 26

OC Visitor Spending Up 5% on Hotel Recovery, Strength in Anaheim

Visitors spent more in Orange County last year even as the number of visitors coming here remained relatively flat, according to data recently released by the Anaheim/Orange County Visitor & Convention Bureau and San Diego-based CIC Research Inc.

Wednesday, January 25

BlizzCon Off This Year

Irvine-based video game maker Blizzard Entertainment Inc. is skipping its regular fan event BlizzCon this year.

García New President of Cal State Fullerton

Mildred García has been named president of California State University, Fullerton, effective June 1.

Tuesday, January 24

Pacific Premier Profits Up

Costa Mesa-based Pacific Premier Bancorp Inc.’s quarterly profit rose 60% from a year earlier.

Monday, January 23

QLogic Sells Networking Assets to Intel for $125M

Aliso Viejo-based QLogic Corp. on Monday announced a deal to sell certain assets that speed up computer performance to Intel Corp. for $125 million in cash.

Western Digital Up on Mixed Earnings, Progress in Thailand

Shares of Western Digital Corp. rose sharply in afterhours trading Monday after the Irvine-based disk drive maker announced “substantial progress” in restoring its Thailand operation.

New CEO Puts $1M in ChromaDex

Irvine-based ChromaDex Corp. has tapped Jeffrey Himmel as chief executive officer.

McDermott Moves to Jamboree

LAW: OC practice takes 45,500 SF in Irvine high-rise

SPECIAL REPORT: LAW FIRMS - McDermott Will & Emery LLP recently moved its Orange County to Jamboree Center

Tease photo

Saturday, January 21

Charter High School for Arts Gets Beyond Humble Start

EDUCATION: Ex-teacher gives credit to donor community

CFO OF THE YEAR AWARDS: Steven Wagner sees turnaround story when he looks back at history of Orange County High School of the Arts

Urge to Merge in Tough Times Yields Hostile Deals

Buyers, sellers often out of sync on their companies’ valuations

SPECIAL REPORT: LAW FIRMS - Urge to merge yields hostile deals

Jordan Feted for Lifetime Achievements in Finance

WHOLESALE: Duties of Nolet CFO go beyond balance sheet

CFO OF THE YEAR AWARDS: Ed Jordan, a sober hand, helps guide Nolet Spirits U.S.A.

Tease photo

Pay Day Play

Aase’s First Job Was to Secure Own Salary

CFO OF THE YEAR AWARDS: Brady Aase's first job was to secure own salary at Pacific Dental

Tease photo

Aviir Draws Merck Into $30M Round

HEALTHCARE: Drug giant likes startup’s heart-disease test

Irvine-based clinical laboratory Aviir Inc. secures up to $30 million from investors, including Merck

This Trend Won’t Stay in Vegas

TECHNOLOGY: Broadcom, other locals place bets on convergence

OC companies among many to stake claims to trend that appears likely to define technology this year: convergence

Tease photo

Big Job Cuts, Industrial Vacancy in Los Alamitos

FOOD: Bloomfield to trim 450, put 140,000 SF on market

Los Alamitos-based Bloomfield Bakers is slated to lay of more than 450 workers, close its doors next month, according to state records

Tease photo

Sanuk’s New Looks

Shoe Brand Aims for $200M With Additions of Apparel, Retail Stores

Sanuk USA aims for $200 million with additions of apparel, retail stores

Tease photo

Peter Churm, OC Pioneer; Lincoln Club’s 50th; CFO Humor

OC INSIDER Column by Rick Reiff

Brandman Sets Spanish-Language Course

EDUCATION: Bertelsmann AG, Texas colleges are backers

Brandman University in Irvine plans to introduce new curriculum for Hispanic students who are not fluent in English

Tease photo

Apple Audit Confirms WD, M-Flex Business

TECHNOLOGY: Details on supply chain in ethics report

Three Orange County companies listed as Apple Inc. suppliers in Cupertino-based company's internal audit

Tilly’s Adds to Backbone on Spectrum Buy

RETAIL: Seen as auxiliary to HQ; another 26,000 SF in works

Irvine-based Tilly's Inc. acquires another apparel-related company's former headquarters

Tease photo

Front-Row Seat at Quality, OC Honors

HEALTHCARE: Holt has six deals under belt, “Opus Format”

CFO OF THE YEAR AWARDS: Paul Holt has had prime seat in Quality System’s emergence as a Wall Street darling

Tease photo

CFO Honored, CEO Remembered

McCullough Helps Guide Solar Company to Commercial Market

CFO OF THE YEAR AWARDS: The idea of starting something from scratch helped draw Patrick McCullough to Amonix Inc.

Mind Research Institute Conjures $450,000 at Gala

Math Systems Developer Honors Teachers, Schools

PHILANTHROPY Column by Sherri Cruz

Tease photo

MARKET WATCH - January 23, 2012

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

AT&T Unveils Network to Improve Streaming, Efficiency

LTE Also Should Allow Users to Do More

AT&T Inc. moves closer to rival Verizon Communications Inc. in local 4G race, in Technology

Tease photo

CALENDAR - January 24-31, 2012

A listing of events happening all around Orange County.

Tease photo

Taco Bell Giveaway to Help Push $5 Buck Box Sales

Chain Stages Comeback After “Terrible” Year

Irvine-based fast food chain Taco Bell Corp.'s planned giveaway promotion has already turned heads, in Media and Marketing

Tease photo

Company Run by Ex-PacifiCare Executives Acquired

Scott, Vaccaro Run APS, Snapped Up for $227.5M

Company run by ex-PacifiCare executives acquired, in Healthcare

Tease photo

Small Is Beautiful

Targeted Law Firms Form Burgeoning Trend

SPECIAL REPORT: LAW FIRMS - Boutique law is having its day

NorCal Sports Apparel Company Leases Warehouse

Fox Head Signs for 15 Years on 81,600 SF in Irvine

Sports apparel company Fox Head Inc. plans to nearly double its local operations after inking lease, in Real Estate

Tease photo

REAL ESTATE WATCH: THE MID-COUNTIES MARKET

Mid-Counties Industrial Market Strengthens

Mid-counties industrial market continues on a slow-but-steady recovery. Includes Real Estate Watch industry performance charts.

REAL ESTATE DEALS

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

By the Numbers - LAW OFFICES

There are more than 3,300 law offices in Orange County. Charts, reports.

ADDENDUM - January 23, 2012

Other items of interest Orange County Business Journal

Tease photo

Q & A - What's Hot, What's Not

What practice area(s) is (are) expected to be driving next year’s business/growth? And which area(s) will be the most challenged?

SPECIAL REPORT: LAW FIRMS - Q&A: Where are the growth prospects this year?

Competitive Bidding Adds Complexity, Lawyers to Deals

“Topping bids” tend to arise when M&A activity increases

SPECIAL REPORT: LAW FIRMS - Competitive bidding adds complexity, lawyers to deals

Knobbe Martens Repeats Atop List of Largest OC Law Firm

Hires nine more attorneys, No. 2 Rutan & Tucker adds six

SPECIAL REPORT: LAW FIRMS - Knobbe Martens repeats atop list of largest OC law firms. Includes the 2012 OC's 50 TOP LAW FIRMS list for download (pdf)

Tease photo

No Slowdown in Sight for Bankruptcy Practices

Residential real estate central to related filings, restructurings

SPECIAL REPORT: LAW FIRMS - Bankruptcy lawyers aren't expecting a let-up in their busy pace

Friday, January 20

OC Auto Forecast Points to More Gains This Year

Orange County’s auto sales are expected to rise 8.4% this year to 131,000 vehicles, according to a report from London-based Experian PLC’s Experian Information Solutions Inc.’s automotive division in Costa Mesa.

OC Jobless Rate Falls to 7.8%

Orange County went back to hiring in December after a setback in November.

Thursday, January 19

Spierkel to Leave Ingram Micro, Monie Tapped as Successor

Alain Monie will take over as chief executive of Ingram Micro Inc. tomorrow, the Santa Ana-based company announced Thursday afternoon.

Microsemi Gets Chips, Boards, Engineering Team From Maxim

Aliso Viejo-based chipmaker Microsemi Corp. has bought key assets from a Silicon Valley competitor in a deal that builds on its recent buy of Zarlink Semiconductor Inc.

Wednesday, January 18

CFOs Honored, Amonix Chief Remembered

Nearly 800 members of Orange County’s corporate and financial communities joined colleagues from other fields in honoring a chief financial officer whose company is facing a transition in the wake of the recent death of its chief executive officer.

Tuesday, January 17

Valeant Hikes Offer for Drug Maker Ista

Valeant Pharmaceuticals International said today that it has raised its bid for Irvine-based eye drug maker Ista Pharmaceuticals Inc.

Grubb & Ellis in Talks With BGC Partners for Possible Investment

Santa Ana-based Grubb & Ellis Co. said on Tuesday that it is in discussions with New York-based brokerage BGC Partners LP regarding a possible financing deal.

OC Fair Chief Executive Set to Leave Post

The head of the state-run organization in charge of the Orange County fairgrounds announced plans to retire.

Western Digital Expects Full Capacity in Thailand by September

Irvine-based disk drive maker Western Digital Corp. expects to have its Thailand operations running at full capacity by September, Chief Executive John Coyne said Tuesday.

Monday, January 16

Sources Say Balboa Bay Club Sale Off

The sale of the Balboa Bay Club and Resort and the Newport Beach Country Club to a wealthy Chinese investor has been called off, according to sources familiar with the transaction.

Saturday, January 14

Pimco Ups Executive Profile in Asia-Pacific

FINANCE: Emerging markets co-head sets up shop in Singapore

Newport Beach-based Pacific Investment Management Co. sends co-head of its emerging markets portfolio to Singapore

North OC Land Buy Signals Demand for Prime Territory

REAL ESTATE: Yorba Linda parcel marketed for $2M an acre

Homebuilder Taylor Morrison Inc. buys a nearly 16-acre parcel of land in the foothills of Yorba Linda

Tease photo

Fast Food Chains Hit 2012 Running New TV Spots

Tout El Pollo Fish Tacos, Wienerschnitzel Heritage

Two OC restaurant operators ring in 2012 with new marketing amid what’s expected to be a flat year for sales industrywide, in Media and Marketing

Tease photo

Balboa Break Up

Chung Hits China Challenge; Clubs’ Owner Moves On

Sources: sale of the Balboa Bay Club and Resort and the Newport Beach Country Club to Chinese investor called off

Tease photo

KBS Turns Over 24 Properties Rather Than Refinance

Bought Industrial Sites Before Rental Declines

KBS turns over 24 properties rather than refinance, in Real Estate

Tease photo

Insurers Post Profit Gains Since Healthcare Legislation

Lobbyist Cites Concern Over Reforms to Come

Insurers post profit gains since healthcare legislation, in Healthcare

Tease photo

CALENDAR - January 16-25, 2012

A listing of events happening all around Orange County.

Tease photo

ADDENDUM - January 16, 2012

Other items of interest Orange County Business Journal

Tease photo

Smart-Card Maker Gains Access-Management Outfit

EasyLobby Buy Broadens Range of HID Offerings

HID Global acquires company that specializes in secure access credentials and management, in Technology

Medtronic Takes New Look at Eyes With AcuFocus Investment

HEALTHCARE: Irvine startup has growth potential, cash payers

Medtronic Inc. takes new look at eyes with Acu-Focus investment

Meetings Market Continues to Improve Incrementally

Bookings are up, but planners must deal with shorter lead times

Meetings market continues to improve incrementally

Tease photo

By the Numbers - Santa Ana Businesses

Santa Ana has about 7,300 businesses. Graphs and figures.

Baby Steps in Right Direction

Bookers See Progress in Attitudes, Business

Facilities bookers see progress in attitudes, bookings

Tease photo

REAL ESTATE DEALS

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

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

Hotel Sales Register Uptick; Posh Resorts Yet to Move

Prospect of new St. Regis deal despite pricing concerns

Hotels sales register uptick overall; posh resorts yet to move

Tease photo

Kwikset Locks Up Deal on Smart Phone Technology

MANUFACTURING: Unit of Black & Decker eyes new line

Kwikset locks up deal on smart phone technology

Tease photo

Hotels Add Meeting Space, Optimism Begins to Spread

Bookings up, luxury revives; Disneyland Hotel still No. 1

Hotels add meeting space, optimism begins to take hold. Includes the 2012 OC's 50 LARGEST HOTEL MEETING ROOMS list for download (pdf)

Tease photo

Agenda Items

Orange County action sports apparel brands make a strong showing during the Agenda trade show’s run Jan. 5 and 6

REAL ESTATE WATCH: WEST ORANGE COUNTY

West Orange County experienced a second consecutive quarter of overall negative net absorption in the third quarter of 2011

Conexant’s Suite Spots: Audio, Video, Chips for Indian Tablet

TECHNOLOGY: Chipmaker shows new direction during CES

Conexant Systems Inc. execs meet with customers around the clock at Las Vegas Hotel and Casino as part of push into audio and video

Tease photo

Chain Looks to Resume Growth, Faces New Competitive Field

RESTAURANTS: Juice It Up has new menu to battle McDonald’s

Juice It Up looks to grow with an expanded menu of drinks to complement its mainstay smoothies amid stiff competition

Tease photo

MARKET WATCH - January 16, 2012

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

Fisker Puts New Execs, Models Into Drive to Top $1B in Sales

AUTOS: Luxury-hybrid brand eyes sales in China, Europe

Recent arrival of two execs among latest signs that Fisker Automotive Inc. has shifted gears

Tease photo

Locals in CES Lineup Swing With New Products

TECHNOLOGY: Vizio’s PCs make splash; Toshiba goes sleek

Orange County companies played their part at the International Consumer Electronics Show in Las Vegas

Tease photo

N.Y. State of Mind Yields Smooth Sale in Irvine

Buyer, Seller Simpatico Due to East Coast Roots

N.Y. state of mind yields smooth sale in Irvine, in Luxury Homes

Tease photo

Allergan Plans $350M Expansion in Ireland

HEALTHCARE: Incentives support Botox plant project

Allergan expected to spend $350 million to expand its manufacturing and development plant in Ireland

Tease photo

Ista to Valeant: Tread Lightly on Hostile Bid

HEALTHCARE: Shareholder offer could be “destabilizing”

Ista Pharmaceuticals Inc. fires warning shot, hires investment bank to pursue options after it rejects $327M takeover bid

Can State Rebound? McCluney’s Brush With Steve Jobs

OC INSIDER Column by Rick Reiff

GardenWalk Bargain Comes With Catch

RETAIL: Mall near Disneyland valued from $90M to $100M, needs lots of work

Anaheim GardenWalk up for sale at a fraction of its development cost

Tease photo

Friday, January 13

Acacia Shares Up on 4G Buy

Shares of Acacia Research Corp. were up Friday after the Newport Beach-based company announced an acquisition that bolsters its patent portfolio in 4G technology.

Amonix Taps VC Investor for Interim CEO

Seal Beach-based Amonix Inc. has named Silicon Valley venture capital executive Jan van Dokkum its interim chief executive following the death of Brian Robertson in a plane crash last month.

Thursday, January 12

M-Flex Shares Zoom on Better-Than-Expected Results

Shares of Anaheim-based Multi-Fineline Electronix Inc. closed up about 18% Thursday on news that the printed circuit board maker indicated better-than-expected results for its December quarter.

Direct Marketer Rauxa Buys Digital Agency

Costa Mesa-based direct marketing agency Rauxa added a website design firm to its fold with its acquisition of ThoughtMatrix Inc. in San Francisco.

Wednesday, January 11

Drug Maker Questcor Falls Ahead of Negative Press

Shares of Questcor Pharmaceuticals Inc. plummeted today after a website said that it will publish a negative report on the Anaheim drug maker.

Conexant Pitches New Audio-Visual Chips at CES

Executives at Newport Beach-based Conexant Systems Inc. are meeting with customers around the clock this week at their suite at the Las Vegas Hotel & Casino as part of a push into audio and video.

Tuesday, January 10

Emulex Shares Rise on Better Outlook, Thai Recovery

Shares of Costa Mesa-based Emulex Corp. rose today after the data storage and network equipment maker upped its outlook based on a quicker-than-expected recovery of its production in Thailand.

Local Companies Among Pre-Show Hype at CES

Journalists and analysts got a Monday-night sneak peek of some of the hot product launches at the 2012 International Consumer Electronics Show in Las Vegas that opens today.

Sabal Gets $204M Portfolio From FDIC

Newport Beach-based distressed-debt specialist Sabal Financial Group LP has acquired a $204 million loan portfolio from the Federal Deposit Insurance Corp.

Monday, January 9

New Managing Director for Paamco

Pacific Alternative Asset Management Co. LLC in Irvine tapped David Weinberger as its new managing director.

Vizio Launches PCs

Irvine-based Vizio Inc. is on to another new product: personal computers.

Irvine Exec Gets Top Job at Toyota Material Handling

Brett Wood will add to his title as chairman of Irvine-based Toyota Material Handling U.S.A. Inc. chief executive of Toyota Material Handling North America in Columbus, Ind.

Questcor Shares Jump on Sales Numbers

Anaheim-based drug maker Questcor Pharmaceuticals Inc. saw its shares rise today on news about sales of its sole drug.

Saturday, January 7

Sage Rides New Products, Sales Tactics to Turnaround

TECHNOLOGY: New chief stresses cross-sales opportunities

New chief's aggressive moves to turn around slumping sales at Sage Software Inc. appear to be paying off

CALENDAR - January 9-18, 2012

A listing of events happening all around Orange County.

Tease photo

Lyon Projects Move Ahead Despite Bankruptcy

REAL ESTATE: Plans include 103 homes at Irvine sites

Newport Beach-based William Lyon Homes Inc. plans to move ahead on a trio of proposed Orange County housing projects despite bankruptcy

Tease photo

MARKET WATCH - January 9, 2012

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

Former Straub Sites in Tustin, Irvine Tapped for Deals

Beer Distributor Relocated to Anaheim in Late 2010

Beer distributor Straub Distributing Co. leases up a pair of older buildings it vacated more than a year ago, in Real Estate

Tease photo

CES Beckons, OC Tech Responds

TECHNOLOGY: Electronics show draws 100+ local vendors

Orange County technology companies gear up for this week's Consumer Electronics Show in Las Vegas

Tease photo

Equus Goes Beyond Hyundai’s Most Luxurious Expectations

AUTOS: Takes on BMW, Lexus; market share tops overall brand

The Equus adds new dimension to the Hyundai Motor America Inc. brand: luxury

Tease photo

Medicare Taps Monarch for Accountable Care Group

30 Providers in 18 States Eye Savings-Based Bonuses

Irvine-based Monarch and HealthCare Partners Medical Group participate in federal healthcare project aimed at reining in medical costs, in Healthcare

Mindspeed Plans Acquisition of U.K. Chipmaker, Lowers Revenue Target

Mindspeed Technologies Inc. plans to buy a U.K.-based chipmaker in a deal that overshadowed its recent announcement of a lower revenue outlook for the December quarter.

Former White House Security Aide to Identive Board

Scanner Maker Taps Clarke for Skills, Relationships

Former White House security adviser Richard Clarke joins board of Santa Ana-based Identive Group Inc., in Technology

Allergan Looking Good for Product-Driven Growth

HEALTHCARE: Analyst touts more uses for Botox, other drugs

Analyst: Irvine-based drug maker Allergan Inc. should see another strong year of growth tied to Botox

Asics Expands Marathon Sponsorships to West Coast

Takes on Role of Official Clothes, Shoes Sponsor

Irvine-based Asics America Corp. now sponsors marathons on both coasts, in Media and Marketing

Tease photo

Community Foundation Awards Up 30% to $28.9M

Lam, Kalogridis, Parry Receive Honors

PHILANTHROPY Column. Newport Beach-based Orange County Community Foundation awarded $28.9 million for its 2011 fiscal year

Tease photo

Hyundai’s New Home

Automaker Presents Vision for Fountain Valley HQ

Automaker presents vision for new Fountain Valley headquarters

Tease photo

ADDENDUM - January 9, 2012

Other items of interest Orange County Business Journal

Tease photo

Goldman Unit Strikes Deal to Sell EZ Lube

RETAIL: Costa Mesa-based chain expected to take Valvoline name

Goldman unit strikes deal to sell EZ Lube

$80M Deal Moves 12 Properties Into Strategic Storage Portfolio

REAL ESTATE: Homeland Self sells sites in Georgia, Florida

Ladera Ranch-based Strategic Storage Trust Inc. has closed on its largest acquisition to date, an $80 million portfolio buy

OC Outpaces U.S. by Long Shot on Patents

INNOVATION: 14% hike for 2011; Broadcom leads field again

Orange County businesses and inventors saw a 14% jump in the number of patents awarded last year

By the Numbers - ANAHEIM BUSINESSES

Editorials, letters, columns and other opinions

Editorials, letters, columns and other opinions

What’s In a Name? Pioneer Heritage, Growth Prospects

TECHNOLOGY: Both in play at Newport Corp.

What’s in Newport Corp.’s name? Pioneer heritage, growth prospects

Tease photo

REAL ESTATE DEALS

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

Alternative View of Emerging Markets in Newport Center

FINANCE: Finds Hugo Chávez more than reasonable

Alternative view of emerging markets in Newport Center

Tease photo

Albert Pujols’ Econ Stimulus; Bill Gross Likes Ron Paul

OC INSIDER Column by Rick Reiff

Turn Toward Spec for Industrial Market

REAL ESTATE: Western Realco plans 83,000 SF on parcel in Brea

Western Realco eyes vacant parcel of land it bought in Brea as site of speculative industrial building that could go up later this year

Tease photo

REAL ESTATE WATCH: Research & Development Space

Airport Area Leads Research and Development Activity

Airport area leads on research and development deals. Includes Real Estate Watch industry performance charts.

Friday, January 6

Local.com COO Bumped to President

Irvine-based online media company Local.com Corp. named Chief Operating Officer Michael Sawtell president.

Quiksilver CFO Puts in Resignation

Huntington Beach-based apparel maker Quiksilver Inc. is set to begin a search for a new chief financial officer following Joe Scirocco’s resignation.

Thursday, January 5

OC Automakers End Year With Bang

Orange County's two largest automakers ended 2011 with strong December sales as an industrywide recovery continued to gain strength.

Mindspeed Buys UK Chipmaker, Lowers Q1 Revenue Target

News of Mindspeed Technologies Inc.’s pending buy of a U.K.-based chipmaker is overshadowing its earlier announcement Thursday that it lowered its revenue outlook for the December quarter.

Nursing Home Operator Sun Rises on 2012 Guidance

Irvine-based Sun Healthcare Group Inc.’s shares were up today after giving a 2012 profit forecast that surpassed Wall Street’s expectations.

Pacific Sunwear Flat on Same-Store Sales for December

Anaheim-based action sports mall retailer Pacific Sunwear of California Inc. reaffirmed its guidance for the January quarter after reporting flat same-store sales for December.

Wet Seal Same-Store Sales Down for Holidays

Foothill Ranch-based retailer Wet Seal Inc. eked out a gain in overall revenue but posted a decline in same-store sales for the holiday season.

Wednesday, January 4

DDi Relocates Headquarters, Stays in Anaheim

Circuit board maker DDi Corp. is relocating its Anaheim headquarters and manufacturing operations under one roof.

Hospital, Nursing Home Stocks Fall on Funding Concerns

Shares of nursing homes and hospitals, including Irvine-based Sun Healthcare Group Inc. and Skilled Healthcare Group Inc. in Foothill Ranch, were down today on worries about possible Medicare cuts.

Tuesday, January 3

Fullerton Taps Interim for President’s Office

Willie Hagan has been named interim president of California State University, Fullerton.

Ensign Acquires 108-Bed Nursing Facility in Utah

The Ensign Group Inc. on Tuesday said it has acquired the recently expanded Orem Rehabilitation & Nursing Center, a 108-bed skilled nursing facility in Orem, Utah.