Stories for June 2012

Saturday, June 30

Versant OC Exec to Lead Midwest Office

Versant OC executive to establish Midwest office

Fast-Growing Private Cos. Wanted for Annual List

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

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Intel Funds UCI Research Center

Intel Corp. funds research center at University of California, Irvine

Sun Healthcare’s Deal Points to Move East

HEALTHCARE: Nursing home operator in $275 million sale

Sun Healthcare Group Inc.’s deal points to move east

Electronics Makers’ Local Jobs Hold About Steady

MANUFACTURING: Pace falls off after 4.7% gain last year

ABOUT THE LIST: Contract electronics makers hold about steady on local jobs. Includes the 2012 OC's LARGEST ELECTRONICS MAKERS list for download (pdf)

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REAL ESTATE WATCH: Research & Development Space

Research and Development Sees Q1 Vacancies Rise

Research and development sector took a step back in first quarter. Includes Real Estate Watch industry performance charts.

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Vizio in Shift From Taiwan to Tijuana

MARKETING: Ripple effect of China tariffs prompt new factories

Vizio Inc. is moving the contract manufacturing hub for its line of larger flat TVs from Asia to Tijuana, Mexico

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Healthcare Ruling Promises Mixed Effects

Healthcare ruling promises mixed effects

PacMerc, Tilly’s to Russell 2000; Several Others in OC Dropped

Pacific Mercantile Bancorp, Tilly’s to Russell 2000; several others in Orange County dropped

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Laguna Hills Dental Device Maker Raises $20M

Sonendo Inc., a Laguna Hills-based maker of devices used in root canal procedures, said it has agreed to terms on a $20 million equity financing round.

Kingston Raises Stakes on Taiwan Supply Chain

TECHNOLOGY: 2nd investment this year in DRAM maker there

Kingston Technology Inc. takes a majority stake in another Taiwanese memory storage maker

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Hoag Institute Hits Stride on Inpatient Side

HEALTHCARE: Patient volume second only to N.Y.C. hospital

Venture by Hoag Hospital Irvine and two local orthopedic surgery groups has hit the ground running

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Quantum Leap: Apartment Trend Continues in IBC

REAL ESTATE: Manufacturer’s HQ, Sares-Regis building on block

Pair of Irvine buildings near JWA being marketed for sale as the potential site of a 457-unit apartment complex

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By the Numbers - MISSION VIEJO BUSINESSES

There are more than 2,100 businesses in Mission Viejo.

Piece in the Valley

Irvine Company Buy of San Jose Office Complex From LBA Puts NorCal Portfolio Near 3 Million SF

Irvine Company snaps up six-building, Silicon Valley complex in what looks to be its largest acquisition of 2012

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Q3 Outlook in OC: Optimism Takes Summer Break

ECONOMY: CSUF says global uncertainty, election key factors

Third-quarter outlook in Orange County: optimism takes summer break

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REAL ESTATE DEALS - July 2, 2012

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

ClearLight Buys Into Maker of Alcohol-Monitoring Devices

ClearLight Partners LLC buys into maker of alcohol-monitoring devices

ADDENDUM - July 2, 2012

Other news items of interest from the Orange County Business Journal

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Great Park Grind; Muscos’ Other Gift; Call for Oregon Wall

OC INSIDER Column by Jerry Sullivan

Newport Agent Lands Business Going and Coming

Reps Buyer of Snug Harbor Home, Seller on Lido Isle

Newport agent has busy June, representing a buyer and seller on two transactions, in Luxury Homes

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CALENDAR - July 2-11, 2012

A listing of events happening all around Orange County.

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Blizzard Gives Refunds After S. Korea Server Woes

Access Was Snowed Under by Diablo 3 Interest

Blizzard Entertainment Inc. will refund unhappy Diablo III gamers in South Korea, in Technology

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FDA Grants Approval on Glaukos’ Device

The Food and Drug Administration last week approved a medical device made by Laguna Hills-based startup Glaukos Inc.

Surgeons Form Medical Group Amid Ongoing Change

Specialists to Consolidate at Hoag Memorial

Local surgeons with independent private practices in OC will form Newport Irvine Surgical Specialists, in Healthcare

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Fisker’s ‘New Isn’t Easy’ Ad Starts Marketing Engine

Carmaker’s Campaign Set For Global Launch in Fall

Anaheim-based luxury hybrid automaker Fisker Automotive Inc. has started its marketing engine, in Media and Marketing

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Piedmont Gets $28.3M for Panasonic Avionics HQ

Turns Nearly $10M Profit on Deal at $195 Per SF

Piedmont Office Realty Trust gets $28.3 million for Panasonic Avionics’ headquarters, in Real Estate

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Friday, June 29

Laguna Hills Dental Device Maker Raising $20M

Sonendo Inc., a Laguna Hills-based maker of devices used in root canal procedures, said it agreed to terms on a $20 million equity financing round.

More Deals for Clean Energy

Shares of Clean Energy Fuels Corp. rose Friday after the Seal Beach-based company announced deals to provide natural gas to five major fleet operators.

First Foundation Changes Charter

Irvine-based First Foundation Bank has become a state-chartered bank after operating as a national thrift for more than two decades.

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, June 28

Pacific Premier Announces Buyback Plans

Costa Mesa-based Pacific Premier Bancorp Inc. has gotten approval from its board of directors to buy back nearly 10% of its common stock.

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, June 27

Chapman Forecast Sees Job Gains

Orange County will continue to add jobs in nearly every sector through the rest of this year, according to a forecast from Chapman University.

OC Goodwill Stores Complete Redesign

Santa Ana-based nonprofit Goodwill of Orange County recently completed improvements to its 20 OC stores.

Intel Funds Research Center at UCI

University of California, Irvine, will house a new $5 million research center funded by Intel Corp., the world’s largest chipmaker.

PacSun Posts $106.4M Annual Loss, Continues Focus on Real Estate, Merchandise Mix

Anaheim-based action sports retailer Pacific Sunwear of California Inc. continues to focus its turnaround efforts on improving its merchandise mix and closing underperforming stores.

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, June 26

KB Home Buys Lots From Irvine Co.

KB Home announced Tuesday that it purchased 174 finished home sites from the Irvine Co. in Orange County. Price and other terms of the deal were not disclosed.

PacSun Shares Rise on Board Member Stock Buy

Anaheim-based Pacific Sunwear of California Inc. closed up more than 10% to a market value of about $108 million after director Brett Brewer purchased 30,000 of the action sports retailer’s shares.

OC Auto Sales Up in May

Orange County new vehicle sales rose 19.2% in May, according to the latest market report from Newport Beach-based Orange County Automobile Dealers Association.

Billabong Shares Rise on Founder’s Interest in Buyout Offers

Shares of Australia-based Billabong International Ltd. were up about 6% today after company founder Gordon Merchant told a newspaper there that he would consider new buyout offers for the company.

ClearLight Buys Into Alcohol-Monitoring Device Maker

Newport Beach-based private equity firm ClearLight Partners LLC said it has acquired a “significant” stake in Consumer Safety Technology LLC in Des Moines, Iowa.

FDA Approves Glaukos’ Device

The Food and Drug Administration said it has approved a medical device made by Laguna Hills-based startup Glaukos Inc.

Monday, June 25

Billabong Shares Plunge 47.5%

Shares of Irvine-based Billabong USA’s Australian parent fell 47.5% today to 96 cents per share at market close, an apparent reaction to a new outlook and plan to raise capital announced last week.

PacMerc, Tilly’s to Russell 2000; Several Others in OC Dropped

Costa Mesa-based Pacific Mercantile Bancorp was among the 194 U.S. companies added to the Russell 2000 index when the list of smaller stocks went through an annual readjustment today.

Emulex Shares Fall on Downgrade

Shares of Emulex Corp. sank Monday after an analyst downgraded the Costa Mesa networking electronics maker.

$2.3 Billion Bid for Quest

A new bid for Aliso Viejo-based Quest Software Inc. tops the $2.17 billion offer the company accepted last week.

Sunday, June 24

Lake Forest Center Sets Bar for Commercial With $122M Sale

REAL ESTATE: Ohio company gets 13 buildings for $434 per SF

Lake Forest center sets bar for commercial with $122 million sale

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Sabal Sees Growth Prospects With Builders

FINANCE: New program targets smaller home projects

Newport Beach-based Sabal Financial Group LP is targeting homebuilders with its latest growth plan

Feds Vs. Abbott; Abbott Vs. Feds; POW’s LOL

OC INSIDER Column by Jerry Sullivan

Birtcher Throws In With Aussie Industrial Developer

REAL ESTATE: Irvine office will be North American HQ

Birtcher Development & Investments throws in with Aussie industrial developer

Vizio’s PC Play

MARKETING: Latest push to diversify set for stores

Vizio Inc.’s PC Play

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Toll Takes 50% of Ranch Stake

Toll Brothers Inc. in Orange County’s biggest land acquisition this year

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REDucation 101

MEDIA: Camera maker grows classroom

Red Digital Cinema Camera Co. is ranked No. 44 on this week’s list of the largest private companies based in Orange County.

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Quest Accepts $2.17B Bid

Aliso Viejo-based Quest Software Inc. has accepted a $2.17 billion takeover offer

Insight Imaging HQ Bound for Minnesota

HEALTHCARE: Shift follows CDI deal, two recent BKs

Privately held Insight Imaging Inc. is set to end its run as an Orange County-based company

Billabong to Raise $228.6M

Australian parent of Irvine-based Billabong USA plans to raise $228.6 million

LA Fitness Lays Out Muscular Growth Plan

REAL ESTATE: Eyes 225 new clubs; set for top spot in industry

L.A. Fitness International LLC has an ambitious growth plan

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Laguna Foundation Raises $338,100 for Local Schools

Boost From Events at Montage, The Deck

PHILANTHROPY Column by Sherri Cruz

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Revenue, Jobs Rise for Private Cos.

THE LIST: 6% sales increase to $60 billion

ABOUT THE LIST: Fragile economy wasn’t enough to keep OC’s largest private companies from posting a third consecutive year of gains. Includes the 2012 OC's LARGEST PRIVATE COMPANIES list for download (pdf)

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REAL ESTATE WATCH: Manufacturing & Warehouse

Manufacturing and Warehouse Segment Surges

OC’s manufacturing and warehouse market continued its resurgence through Q1. Includes Real Estate Watch industry performance charts.

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ADDENDUM - June 25, 2012

Other news items of interest from the Orange County Business Journal

Applied Medical Says IPO Will Spell OTC

HEALTHCARE: Contentious offering remains on file

Applied Medical Resources Corp. remains among the ranks of Orange County’s private companies—for now

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Alcon Adds Clinical Work in Lake Forest, Stays in Irvine

HEALTHCARE: Will convert Irvine space to manufacturing

Alcon Inc. will shift R&D out of its Irvine operations and convert that space to manufacturing

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Kingston Takes Lower Prices to Consumers

TECHNOLOGY: Move follows marked revenue slide in 2011

Kingston Technology Co. targets consumers on lower pricing

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CALENDAR - June 26-July 4, 2012

A listing of events happening all around Orange County.

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Downtown Direction

Aim of Fashion Island’s $100 Million Makeover

Fashion Island is going downtown

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Nutraceuticals Niche

OC Home to Cluster of Nutritional Supplement Makers

Orange County home to cluster of manufacturers of nutrition supplements

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Aerospace Companies Took Flight During Past Year

Panasonic Avionics added 1,620 workers to bolster segment data

ABOUT THE LIST: OC’s largest aerospace and defense contractors add 1,600-plus jobs during 12 months through May. Includes the 2012 OC's LARGEST AEROSPACE & DEFENSE CONTRACTORS list for download (pdf)

Irvine Co. Tapped for Legacy Apartments

REAL ESTATE: 758 units on 33 acres under agreement with Tustin

Irvine Company has been selected to build a pair of apartment projects at Tustin Legacy

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Smith Micro Denies Mobile-System Link With Apple

MacBook Pro Laptops Again Peachy for Broadcom

Smith Micro denies mobile-system link with Apple, in Technology

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Masimo Adds Distributor of Hemoglobin Monitors

Analyst Says Schein Deal Could Lead to Others

Masimo Corp. adds distributor of hemoglobin monitors, in Healthcare

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By the Numbers - OC PRIVATE COMPANIES (250+ EMPLOYEES)

There are 172 privately owned companies in Orange County that have 250 or more employees.

Irvine Mobile Carrier Spreads 4G Love With Campaign

Actor Plays Genie Touting Boost’s No-Contract Plans

Irvine mobile carrier spreads 4G love with campaign, in Media and Marketing

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Highfields’ Board Changes Come With Vow of Silence

Reshuffle Pact Also Bans CoreLogic Sale Push

Highfields Capital Management LP’s board changes come with a vow of silence, in Real Estate

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By the Numbers - ORANGE COUNTY MANUFACTURERS

There are more than 5,000 manufacturers in Orange County.

REAL ESTATE DEALS - June 25, 2012

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

Friday, June 22

DVS to Sequential Brands for $8.6M

A deal for Westminster-based DVS Shoe Company Inc. to be acquired by Sequential Brands Group Inc. is expected to close next week, according to an attorney representing the seller.

Avanir Gets $30 Million

Drug maker Avanir Pharmaceuticals Inc. received $30 million in debt financing from Oxford Finance LLC and Silicon Valley Bank.

Sun Healthcare in $275M Sale

Sun Healthcare Group Inc., an Irvine-based nursing home company, is being bought for $275 million by Genesis HealthCare LLC of Kennett Square, Pa.

Regulators Approve Bausch & Lomb Lens

Bausch & Lomb Inc. has announced the Food and Drug Administration’s approval of its enVista intraocular lens that is made in Aliso Viejo.

Thursday, June 21

SBA Gives $2.1M to Mihaylo School

California State University, Fullerton’s Mihaylo College of Business and Economics has received $2.1 million from the U.S. Small Business Administration to fund the small-business development centers across Orange County and the Inland Empire.

Billabong Parent Looks to Raise $228.6M, Reduce Debt

Business has continued to be challenging for the parent of Irvine-based Billabong USA, with the Australian company now looking to reduce its debt by raising $228.6 million through a sale of new shares of the action-sports apparel company.

Wednesday, June 20

Powerwave Receives Delisting Notice

Cash-strapped Powerwave Technologies Inc. has received a delisting warning from the Nasdaq for failing to comply with minimum stock price requirements.

Vizio Takes LCD TV Lead Over Samsung in Q1

Irvine-based Vizio Inc. has regained the title as the top seller of liquid-crystal display TVs in the U.S.

Newport Beach Firm Strikes Middle East Distribution Deal

Newport Beach-based biotechnology firm Joseph and Gionis LLC has signed a five-year deal to distribute products of U.S. Rare Earth Minerals Inc. in Bend, Ore., in the Middle East.

Birtcher Joins Aussie Developer’s U.S. Push

Irvine-based Birtcher Development & Investment Co. has joined with Goodman Group, an Australian counterpart that has $19 billion in assets under management, to help the company make a big push into the U.S. industrial market.

Tuesday, June 19

Quest Agrees to $2.17B Sale

Quest Software Inc. will go private in a $2.17 billion takeover deal led by two private equity firms, the Aliso Viejo-based company announced Tuesday.

Three Rutan Partners to Troutman Sanders

The Irvine office of Atlanta-based Troutman Sanders LLP has hired a team of three partners and two associates from Rutan & Tucker LLP’s headquarters in Costa Mesa.

Alcon Adding Operations in Orange County

Alcon, a Fort Worth, Texas-based eye care company, said it will expand its Orange County operations. The unit of Switzerland’s Novartis AG makes eye surgery devices in Irvine.

Samueli Awarded Marconi Prize

Broadcom Corp. co-founder and Chairman Henry Samueli has won the 2012 Marconi Society Prize and Fellowship, considered a top honor in the information-technology field.

Clean Energy Shares Jump

Shares of Seal Beach-based Clean Energy Fuels Corp. rose sharply on Tuesday, despite a recent downgrade by TheStreet Ratings.

Monday, June 18

Questcor Unveils Marketing Plans for Sole Drug

Anaheim-based Questcor Pharmaceuticals Inc. will start marketing its core Acthar drug for rheumatoid arthritis and related conditions.

Report: Insight Ups Bid for Quest

The bidding war for Quest Software Inc. is on, and New York-based Insight Ventures Partners has regained the lead.

AutoTrader Files for $300 Million IPO

Atlanta-based AutoTrader Group Inc., the parent of Irvine-based Kelley Blue Book Co. Inc., has filed documents with the Securities and Exchange Commission to raise $300 million in an initial public offering.

Saturday, June 16

Buyer in New League With Deal for Register

MEDIA: Principal’s track record points to significant step up

Buyer in new league with Register deal

Hard-Driver Says It’s ‘Not Really Moral’ to Loaf

Honoree juggles charity work, real estate sales, tennis

Women In Business: Hard-Driver Lee Ann Canaday says it’s “not really moral” to loaf

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Deals on Wheels

Irvine-based Woodside Credit Works Classic Niche

Irvine-based Woodside Credit LLC works classic niche

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Same Views, New Vantage Point

Specialty Restaurants Corp. gets back to growth, sticks with skylines, waterfronts, airports

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OC Backs Silicon Valley Patent Pitch

TECHNOLOGY: Emphasis on ensuring federal office in state

Business leaders help Silicon Valley woo patent office

Jabara’s Good Timing on Padres Play; the Other OC Payday

OC INSIDER Column by Jerry Sullivan

Ingram Cloud Adds Amazon, Salesforce.com

TECHNOLOGY: Rolls out 56 new products at annual summit

Ingram Micro Inc. will provide cloud services for two of the largest online companies

Gaikai Strikes Samsung Deal for Games Via TVs

ENTERTAINMENT: Uses cloud-based storage, streaming

Aliso Viejo start-up Gaikai Inc. has struck another deal with an industry leader as it seeks to shake up the video gaming market.

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Aviir Plans Local Hires, National Push

HEALTHCARE: Recent round of $30M put toward expansion

Aviir Inc. to use proceeds of recent round of funding to hire more workers

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Bakery Chain Signals Growth With Brea Building Buy

REAL ESTATE: 70,500-SF site in Canyon center goes for $5.6M

Bakery chain signals growth plan with building buy in Brea

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4 Sunstone Hotels Up For Sale

Report: Aliso Viejo-based Sunstone Hotel Investors Inc. puts four of its hotels up for sale

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Olson New CEO at Quantum

Brian Olson named chief executive of Quantum Fuel Systems Technologies Worldwide Inc. in Irvine

CoreLogic to Add Directors

Santa Ana-based CoreLogic Inc. plans to add directors

CHOC Tower Spurs 210 Hires

CHOC to hire 210 workers by early 2013 as it prepares to open new tower

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ADDENDUM - June 18, 2012

Other news items of interest from the Orange County Business Journal

Industrious Again

New Projects Abound Amid 5% Area Vacancy Rates

SPECIAL REPORT: New projects abound amid 5% area vacancy rates

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Slow Commercial Progress in 2011 at 251,000 SF

Caps three-year stretch of sluggish project development

SPECIAL REPORT: OC sees slow commercial progress in 2011 at 251,000 square feet. Includes the 2012 OC's LARGEST COMMERCIAL DEVELOPERS list for download (pdf)

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Construction Cos. Report 1% Uptick for Second Year

Modest upticks follow prior consecutive annual declines

SPECIAL REPORT: Construction companies report 1% uptick for second year. Includes the 2012 OC's LARGEST CONSTRUCTION COMPANIES list for download (pdf)

CALENDAR - June 19-27­, 2012

A listing of events happening all around Orange County.

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BuzzMob to Sync Social Network With Comics Expo

Irvine Startup Offers Fans Event-Based Interaction

BuzzMob to sync social network with comics expo, in Technology

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She Applies Business Best Practices to Nonprofit World

Women In Business: Girl Scout chief Nancy Nygren applies best practices to nonprofit world

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Arizonans Buy Oceanfront Home in Laguna for $7.5M

4,200-SF Property Listed for $14M Two Years Ago

Arizonans buy oceanfront home in Laguna Beach for $7.5 million, in Luxury Homes

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Allergan Cited as Potential Bidder in Skin-Care Deal

Speculation Follows Vote Against Poison Pill Plan

Allergan Inc. may be mulling an offer for Obagi Medical Products Inc. in Long Beach, in Healthcare

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Hyundai Revs Up Vehicle Fuel-Efficiency Campaign

Info Events Set, As Gov’t Raises MPG Requirements

Hyundai helps rev up vehicle fuel-efficiency campaign, in Media and Marketing

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REAL ESTATE WATCH: North & Central Orange County

Recovery Slow to Appear in North, Central OC

Recovery in commercial market slow to appear in North, Central Orange County

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CIM Puts Strand’s Office, Retail Space on Sales Block

H.B. Complex’s Shorebreak Hotel Tagged Previously

CIM Group puts Strand’s office, retail space on sales block, in Real Estate

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REAL ESTATE DEALS - June 18, 2012

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

Beverly Hills Business Boost

Catering business is part of latest strategy to take the company to next level

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The Book on Barrett-Jackson

Barrett-Jackson has longstanding credentials at the high end of the auto market.

By the Numbers - ORANGE COUNTY CONSTRUCTION COMPANIES

Orange County has more than 4,900 construction companies. Includes analysis, charts and figures.

Top Financial Adviser Has International Perspective

Considers Her Life, Career American Dream Come True

Women In Business: Top financial adviser Laila Pence has international perspective

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Committed to Transactional Law, Little League

Bancroft also mentors future attorneys, lectures on governance

Women In Business: Ellen Bancroft—committed to transactional law, little league

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Star Turn

Napier Put Arbonne Back on Track After BK

Women In Business: Kay Napier has Narbonne back on track after bankruptcy

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Friday, June 15

Disney California Adventure’s Cars Land Attraction Opens

Disney California Adventure’s new Cars Land debuted Friday morning, capping a five-year, $1.1 billion expansion and makeover of the theme park.

OC Jobless Rate Inches Up to 7.5%

The unemployment rate in Orange County ticked up in May despite an increase of 5,900 jobs.

Thursday, June 14

Edwards Shares Leap on FDA Panel Nod

Shares of Irvine-based device maker Edwards Lifesciences Corp. surged Thursday after a Food and Drug Administration panel recommended approval of its less-invasive heart valve for wider usage.

Vans Outlines Strategy to Add $1B in Revenue by 2016

Cypress-based Vans Inc. said it hopes to grow its annual sales to $2.2 billion by 2016.

Report: Mobilitie CEO Jabara in Running to Buy Padres

Gary Jabara, founder and chief executive of Newport Beach-based cell phone tower company Mobilitie LLC, is in the running to buy the San Diego Padres, according to a report in the Los Angeles Times.

St. Joseph Health to Cut 76 Jobs in Department Reorganization

Orange hospital operator St. Joseph Health has reorganized its revenue cycle services department and is asking its current workers to reapply for new jobs created by the change.

Quest Gets $2.2 Billion Offer

Shares of Quest Software Inc. rose in early trading today after the Aliso Viejo-based company announced it had received a $2.15 billion bid from a strategic buyer, topping previous offers.

Katten Opens OC Office With Pillsbury Vets

Chicago-based Katten Muchin Rosenman LLP has opened an office in Costa Mesa with longtime Orange County lawyer Craig Barbarosh as managing partner.

Wednesday, June 13

CHOC Hiring Workers in Preparation for New Tower

Children’s Hospital of Orange County said it plans to hire 210 workers by early 2013 as it prepares to open its new tower.

UCI's No. 2 Tapped to Lead University of Oregon

Michael Gottfredson, executive vice chancellor and provost of University of California, Irvine, is set to become president of the University of Oregon after a confirmation scheduled later this week.

Four Sunstone Hotels Up For Sale

Aliso Viejo-based Sunstone Hotel Investors Inc. has put four of its hotels up for sale, according to a report from trade publication Commercial Real Estate Direct.

Olson New CEO at Quantum

Brian Olson has been named chief executive of Quantum Fuel Systems Technologies Worldwide Inc. in Irvine.

Tuesday, June 12

Brandman Nursing School Named for Muscos

Irvine-based Brandman University’s nursing school has been named after local philanthropists Paul and Marybelle Musco.

Judge Allows Suit against Allergan Directors to Proceed

A Delaware state judge has ruled that directors of Irvine drug maker Allergan Inc. must face a lawsuit over a $600 million fine the company paid for misbranding its flagship Botox neurotoxin.

Mindspeed Seeks to Raise $32M

Newport Beach-based networking chipmaker Mindspeed Technologies Inc. plans to raise $32 million through the sale of convertible senior notes, according to a Tuesday regulatory filing.

LBA Realty Gets Carlsbad Office for $15.6M

Irvine-based LBA Realty has purchased an 81,712-square-foot office building in Carlsbad for $15.6 million.

CoreLogic Adding Board Members, Settles Highfields Fight

Santa Ana-based CoreLogic Inc. is adding three new members to its board of directors and has announced the eventual retirement of its chairman, resolving a conflict with one of its largest shareholders.

Monday, June 11

Auxilio Gets Contract with Maryland Hospital Operator

Mission Viejo-based Auxilio Inc., which helps hospitals and healthcare providers cut their dependence on paper records, announced a five-year, $35 million contract with the Bon Secours Health System of Marriottsville, Md.

Folino to Lantronix Board

Emulex Corp. Chairman Paul Folino has joined the board of Irvine-based networking equipment maker Lantronix Inc.

OC Register Parent Sold

Irvine-based media company Freedom Communications Holdings Inc., owner of the Orange County Register, has been sold.

Saturday, June 9

Mazda Boss: Cuts in Works, Growth Ahead

AUTOS: More ads, new models amid buyouts at Irvine HQ

Mazda boss: cuts in works, growth ahead

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SUP Fun

Paddleboards’ Broad Appeal Grows Into Business Plans

Paddleboarding’s broad appeal grows into business plans

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By the Numbers - FULLERTON BUSINESSES

There are about 3,000 businesses in Fullerton. Almost 64% of them have one to four workers.

Credit Crunch Eases as Loans Flow Here

BANKS: Better outlook, talk of deals; Europe remains a damper

Credit crunch might not be over, but it’s loosening its grip in Orange County

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Quantum Technologies Sets Timeline for Irvine Exit

TECHNOLOGY: Lake Forest campus to hold all operations

Quantum Fuel Systems will shed its Irvine headquarters by year’s end or early next year

Dilemma HB’s Summer Schedule: Chopper, Mayhem

Times Rest of YouTube Series for Music Festival

Dilemma HB’s summer schedule: Chopper, Mayhem, in Media and Marketing

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Kilroy Sets Sale on 40-Building Portfolio

REAL ESTATE: 3.5 million SF of industrial space on block

Kilroy Realty Corp. has put its 40-property Orange County industrial portfolio on the block

Retail By Design

Costa Mesa center aims for community of interests

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REAL ESTATE DEALS - June 11, 2012

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

Bixby Lands Tech Tenant for Silicon Valley Campus

Bixby lands tech tenant for Silicon Valley campus

Bixby lands tech tenant for Silicon Valley campus

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Group Raises $1.75M for Research Into Rare Disease

Dinner Caps Conference on Cystinosis Research

PHILANTHROPY Column by Sherri Cruz

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Irvine Drug Maker Sells for $58 Million

HEALTHCARE: Swiss buyer to keep management, push growth

A Swiss drug supplier has made Orange County part of its diversification plan

ADDENDUM - June 11, 2012

Other news items of interest from the Orange County Business Journal

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Rosener Among OC Women Honored for Accomplishments

Business Journal’s 18th annual event draws record attendance

Rosener among OC women honored for accomplishments

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Bausch Closes Ista Buy; Anido Exits Ahead of Consolidation

HEALTHCARE: N.Y. company commits to OC; details awaited

Bausch & Lomb closes Ista Pharmaceuticals buy; Anido exits ahead of consolidation

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New Owner for Two Sites at Santa Ana Auto Mall

REAL ESTATE: Oxnard firm gets buildings, Penske as tenant

New owners for two sites at Santa Ana Auto Mall

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VC Firms Boosted OC Investments by 71% in 2011

Big new commitments by Sail, Versant fuel yearly increase

Local venture capital investments increased in 2011 after falling two years in a row. Includes the 2012 OC's LARGEST VENTURE CAPITAL FIRMS list for download (pdf)

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Spectrum Raises $37 Million

Irvine-based Spectrum Group International Inc. is raising $37 million by issuing 19.7 million additional shares of its common stock to its current shareholders.

Newport Beach Startup Gets In With Telmex

TECHNOLOGY: Deal struck with Slim-owned telecom

Newport Beach startup AirTouch Communications Inc. gets in with Carlos Slim-owned Telmex

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CALENDAR - June 12-20­, 2012

A listing of events happening all around Orange County.

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Atlanta Co. Pays $40M for Aliso Viejo Software Maker

Aliso Viejo-based PlanetSoft Inc. acquired by a software and e-commerce company for $40M

OC Flavor in NBA Finals; Bruins Party, Hire Here; Horse Talk

OC INSIDER Column by Jerry Sullivan

Balboa Bay Club Sale Closes

The sale of the International Bay Club Inc., the parent company of the Balboa Bay Club & Resort and the Newport Beach Country Club, has been finalized, according to the buyers.

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Nursing Homes Eye Buys to Offset Cuts in Medicare

Deals Help Cos. Offset Lower Reimbursements

Nursing homes eye buys to offset cuts in Medicare, in Healthcare

Reports Take Quest’s Talks With Dell Down a Notch

High-Level Negotiations Turn to Mid-Level Parley

Reports take Quest’s talks with Dell down a notch, in Technology

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Blackstone in Talks on Portfolio With Big OC Chunk

Blackstone in talks to acquire portfolio with big OC chunk

Mindspeed Extends Stay on MacArthur Through ’19

Chipmaker Cuts Space at Longtime HQ to 88,000 SF

Mindspeed Technologies Inc. extends stay on MacArthur through 2019, in Real Estate

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REAL ESTATE WATCH: SOUTH ORANGE COUNTY

South OC Marks Positive Q1 on Overall Absorption

South OC marks an upbeat first quarter in its industrial, office, retail real estate segments

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Friday, June 8

Sabra Rises on Pending Addition to S&P

Shares of Irvine healthcare real estate owner Sabra Health Care REIT Inc. rose today on news that the company is being added to Standard & Poor’s SmallCap 600 stock index.

OC Hopeful Out of Belmont Stakes

I’ll Have Another will not race for the Triple Crown at the Belmont Stakes in New York on Saturday, bitterly ending a fairy tale run for the Orange County team that brought the horse from relative obscurity to national prominence.

Quiksilver Shares Surge; DC Expanding into JCPenney

Shares of Huntington Beach-based Quiksilver Inc. were up 10% in midday trading a day after the action sports company said it narrowed its April quarter loss.

Thursday, June 7

Universal Protection Buys Georgia Company

Universal Protection Service in Santa Ana has acquired in Augusta, Ga.-based Regent Security Services Inc.

Fisker Links With Penske in Arizona

Fisker Automotive Inc. is partnering with Penske Automotive Group to market and service its flagship Karma in Arizona, the Anaheim-based company announced Thursday.

Albertsons to Cut as Many as 2,500 SoCal Jobs

Grocery store chain Albertsons announced plans to lay off between 2,200 and 2,500 workers across its 247 Southern California stores.

Identive Shares Jump on U.S. Government Contract

Shares of Identive Group Inc. surged Thursday after the Santa Ana-based company announced it would supply the federal government with 266,000 smart card readers.

Dana Point Distributor Gets 600-Scooter Order

Dana Point-based power sports products distributor ePunk Inc. has received an order for 600 scooters for a beverage distributor, the largest order in its history.

New Head of Tech for Roth Capital

Newport Beach-based investment bank Roth Capital Partners has appointed Richard deNey as a managing director and head of technology investment banking.

Wednesday, June 6

Questcor Shares Rise on Drug Data

Anaheim drug maker Questcor Pharmaceuticals Inc.’s shares rose today on news of greater demand for its sole drug.

Sunstone Selling San Diego Hotel for $66M

Aliso Viejo-based Sunstone Hotel Investors Inc. announced the sale of its 284-room Marriott Del Mar in San Diego for $66 million.

Ista Shareholders OK Bausch & Lomb Buy

Ista Pharmaceuticals Inc. said Wednesday that its stockholders have approved the Irvine-based drug maker’s $500 million takeover by Rochester, N.Y.-based Bausch & Lomb Inc.

Tuesday, June 5

OC Women Honored at Annual Business Journal Event

Five businesswomen were honored at the 18th annual Women in Business Awards in Irvine attended by almost 1,000 people, a record crowd for a Business Journal event.

PlanetSoft Acquired for $40M

Aliso Viejo-based PlanetSoft Inc., a maker of financial software, has been acquired by an Atlanta software and e-commerce company for $40 million in a cash and stock deal.

PacSun Shares Surge on Insider Buying

Shares of Anaheim-based Pacific Sunwear of California Inc. were up nearly 10% in midday trading on Monday after Chief Executive Gary Schoenfeld and two company directors bought 300,000 company shares.

Former Real Mex CEO Tapped to Lead Souplantation Parent

David Goronkin, former chief executive of Cypress-based Real Mex Restaurants Inc., was hired to lead the San Diego parent of the Souplantation and Sweet Tomatoes restaurant chains.

Hurley Founder Interim CEO; Egeck to Eddie Bauer

Costa Mesa-based action-sports apparel brand Hurley International LLC has tapped chairman and founder Bob Hurley as interim chief executive to replace Michael Egeck, who recently moved on to lead Bellevue, Wash.-based Eddie Bauer LLC.

Allergan Gets New Trial in Botox Case

Irvine drug maker Allergan Inc. has won a new trial in a case brought by a Virginia man who won a $212 million jury award last year after he said he got permanent brain damage after Botox injections.

Masimo Gets Deal Renewed

Masimo Inc., an Irvine-based maker of patient monitors, has been awarded a group purchasing renewal agreement with Charlotte, N.C.-based hospital buying group Premier Healthcare Alliance.

Collectibles Co. Set to Raise $37M with Stock Offering

Irvine-based Spectrum Group International Inc. is raising $37 million by issuing 19.7 million additional shares of its common stock to its current shareholders.

Balboa Bay Club Sale Completed

The sale of International Bay Club Inc., the parent company of the Balboa Bay Club & Resort and the Newport Beach Country Club, has been finalized, according to the buyers.

Monday, June 4

Hurley Founder Takes Interim CEO Spot

Costa Mesa-based Hurley International LLC has tapped chairman and founder Bob Hurley as interim chief executive.

May Auto Sales Up; Annual Pace Slows

Automakers here and nationally posted May sales gains even as the industry’s pace of sales for the year slowed during the month.

Freedom Sells Newspapers in N.C., Florida

Irvine-based Freedom Communications Inc. has sold two more groups of newspapers as part of a process that’s expected to eventually include its flagship Orange County Register. The latest deal saw Daytona Beach, Fla.-based Halifax Media Group buy nine of Freedom’s newspapers in North Carolina and 10 in Florida.

Saturday, June 2

Apparel Cos.’ Employment Dips on Sector Caution

List expanded to include urban, contemporary, footwear brands

ABOUT THE LIST: Apparel companies’ employment dips on sector caution. Includes the 2012 OC's LARGEST APPAREL COMPANIES list for download (pdf)

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Fujitsu Unit Settles at Lake Forest HQ

TECHNOLOGY: Execs, R&D here; manufacturing heads east

Fujitsu unit settles at Lake Forest headquarters

Bayfront Beauty Brings $4.1 Million, and Quickly

“Realistic” Pricing Helps; Couple Sticks to Coast

Bayfront beauty brings $4.1 million, and quickly, in Luxury Homes

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Irvine Seeks Alternate Ways to Fund Great Park Project

The city of Irvine will need to seek new sources of funding for the 1,300-acre Orange County Great Park

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CALENDAR - June 5-13­, 2012

A listing of events happening all around Orange County.

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By the Numbers - ORANGE COUNTY APPAREL MANUFACTURERS

Orange County has about 130 apparel manufacturers.

Sares-Regis Eyes Tracts in Long Beach Airport Area

Irvine Developer’s Pacific Pointe Includes 7 buildings

Sares-Regis eyes tracts in Long Beach airport area, in Real Estate

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New Culture Club

EMR More Than Buzzword at UCI Medical Center

Electronic medical records have become a buzzword of healthcare reform, billed as a way to improve healthcare services while cutting costs.

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Big Doings on Development in Fountain Valley

REAL ESTATE: Olson plans residential, hotel; Yakult factory, HQ in works

Builder plans 88 homes, hotel in Fountain Valley

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IMS Nabs $100M Lufthansa Contract

TECHNOLOGY: 10-year deal for industry comer in Brea

IMS Co. nabs $100M Lufthansa contract

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‘Monster’ Factory in Santa Ana

JWC’s Dirty Work Firmly Tied to OC

“Monster” factory in Santa Ana

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‘Made in USA’ Old Hat for These Local Brands

APPAREL: Some always had production here, others return

“Made in USA” old hat for some OC clothing brands

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Road & Track Hits Road; Register’s Future in Print

OC INSIDER Column by Jerry Sullivan

Tustin Firm Eyed as ‘Pulmonary Franchise’

HEALTHCARE: Well-funded Uptake on multinationals’ radar

Chief executive: Uptake Medical Inc. is attracting interest as a potential takeover target

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Developer Buys Industrial Condos in Santa Ana

REAL ESTATE: Loan purchase gives Overton Moore 28 units

Developer acquires unsold industrial condos

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Quantum Technologies May Cut Solar Operations

TECHNOLOGY: Recommits to core automotive business

Quantum Fuel Systems Technologies considers cut of solar operations

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Bridge Lender Finds Room to Grow in Residential

REAL ESTATE: Post-recession shift from commercial pays off

Bridge lender finds room to grow in residential

Hitchcock Shot With Red’s Epic

Movie about Hitchcock shot with Red’s Epic

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Walgreens Lays off 63 in Anaheim

Illinois-based Walgreens Inc. lays off 63 workers in Anaheim

Fig & Olive Set for Fashion Island in Newport Beach

Red Robin to Move From One Tustin Site to Another

Fig & Olive set for Fashion Island in Newport Beach, in Executive Dining

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Emulex’s Student Art Competition Touts Convergence

Center Club Event Awards Prizes for IT Sculptures

Emulex’s student art competition touts convergence, in Technology

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ADDENDUM - June 4, 2012

Other items of interest from the Orange County Business Journal

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Q&A: Juniors Clothing Marke

The juniors clothing market has challenges all its own

Orange County apparel executives comment on juniors clothing market’s abiding challenges

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Motor Creative Drives Campaign for Engine Starter

Promotes Maxwell Product to Trucking Industry

Campaign from Motor Creative is helping clean-energy company make its first foray into commercial trucking industry, in Media and Marketing

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REAL ESTATE WATCH: AIRPORT/ CENTRAL COAST AREA

Outlook on industrial real estate market in the area around John Wayne Airport rose through Q1

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Insurers May Need to Boost Benefits for Exchanges

Health Plan Groups Debut in ’14 to Cover Individuals

Insurers might need to boost benefits for exchanges, in Healthcare

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REAL ESTATE DEALS - June 4, 2012

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

Friday, June 1

Fisker Supplier’s Future in Doubt

The battery supplier for Fisker Automotive Inc.’s luxury hybrid sedan is facing significant losses over the next several quarters that could put it out of business.

New CEO at Modular Wind Energy

Huntington Beach-based Modular Wind Energy Inc. has tapped Gregor Gnaedig as chief executive.