Stories for March 2012

Saturday, March 31

Ista’s OC Future Up for Review in $500M Deal

HEALTHCARE: Price is 40% higher than offer by Valeant

Less noise, more cash appears to be winning formula for landing eye-drug maker Ista Pharma-ceuticals Inc.

Tilly’s Stays Focused on Style, Growth

RETAIL: Tops $400M in sales for 2011; lays out 10-year plan

Tilly’s scored big gain in sales last year, will spend 2012 laying groundwork for 10-year plan to triple number of stores

Tease photo

Spierkel’s Time Out; Heydt on Healthcare; Santorum’s OC Guy

OC INSIDER Column by Jerry Sullivan

Wet Seal on Arden B: ‘We Have a Plan’

RETAIL: Dress specialist looks to sportswear as part of makeover

Wet Seal on Arden B: ‘We Have a Plan’

Tease photo

Local Confidence Jumps Again for Q2

ECONOMY: Cal State Fullerton executive index at 8-year high

Local confidence jumps again for second quarter

Tease photo

County Seeks Developers on 100 Open Acres in Irvine

REAL ESTATE: Ground lease likely

County of Orange seeks developer to help turn 100-acre parcel in Irvine into a mixed-use project

Tease photo

DGWB Wins 32 Addys for Biggest Haul of Them All

Gold Winners Advance to District Competition

DGWB Advertising and Communications wins Addys for biggest haul of them all, in Media and Marketing

Tease photo

Toshiba Vet Ascends to Helm of $1B Documents Division

TECHNOLOGY: Mathews upped, Yamada heads to Japan

TECHNOLOGY: Mathews upped, Yamada heads to Japan

Biggest Brokerages Combine for Second Consecutive Uptick

Top offices combine for 18% rise to $15.5B in sales, leases

ABOUT THE LIST - Biggest brokerages combine for second consecutive uptick. Includes the 2012 OC's TOP COMMERCIAL REAL ESTATE BROKERS list for download (pdf)

Managers’ OC Portfolios Slim Down, Total Space Rises

CBRE, Irvine Co., Transwestern maintain top positions

ABOUT THE LIST: Managers’ OC portfolios slim, but their total space rises. Includes the 2012 OC's TOP COMMERCIAL PROPERTY MANAGERS list for download (pdf)

By the Numbers - COMMERCIAL PROPERTY MANAGERS

There are more than 930 commercial property managers in Orange County.

REAL ESTATE DEALS

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

Sares-Regis Pays $10.4M for Sante Fe Springs Industrial

Plans 305,000-SF Building on Spec at 13-Acre Site

Sares-Regis Group is starting to bet big on speculative industrial development on projects just outside OC, in Real Estate

Tease photo

REAL ESTATE WATCH: Manufacturing & Warehouse

Industrial Demand Rises, Vacancies Drop

Orange County industrial market continued to tighten in Q4, appears to be stabilizing. Includes Real Estate Watch industry performance charts.

Tease photo

CALENDAR - April 3-11, 2012

A listing of events happening all around Orange County.

Tease photo

Apria Taps Former CorVel Chief to Run Business Unit

Greenleaf to Chief of Coram Subsidiary in Restructuring

Apria taps former CorVel chief to run business unit, in Healthcare

On the Hunt

Big Prospective Tenants Mull Offices of 100,000-plus SF

SPECIAL REPORT: COMMERCIAL LEASING GUIDE: Big prospective tenants mull offices of 100,000-plus square feet

Tease photo

ADDENDUM - April 2, 2012

Other items of interest Orange County Business Journal

Tease photo

Ingram Chief Names Tech Maven Head of Mobile Unit

Segment Considered Key to Strategic Growth Plan

Ingram Micro Inc. chief makes key hire to lead new unit aimed at capturing business in mobile segment, in Technology

Tease photo

AT&T Golf Program Raises $697,000 for OC Scouts

14th Annual Fundraisers Notch Big Annual Uptick

PHILANTHROPY Column by Sherri Cruz

Tease photo

A Passel of Premier Purveyors for OC’s Dining Scene

List of Ingredients runs from Dry Dock to Ranch

Passel of premier purveyors for OC’s dining scene, in Executive Dining

Tease photo

Reflection on OC’s ‘Champion’

Boardroom Perspective on Kennedy’s Leadership

Reflection on OC’s ‘champion’

Tease photo

Donald Kennedy: 1918-2012

Made Title Insurer Integral Part of Business, Philanthropic Landscape

Donald Kennedy: 1918-2012

Tease photo

A Giving Sort

Susan Samueli Talks Philanthropic Philosophy

COMMUNITY: Susan Samueli talks philanthropic philosophy

Tease photo

Westinghouse Settles With Vizio

Irvine-based Vizio Inc. will license technology to television maker Westinghouse Digital LLC in Orange

Fisker Takes Account of Battery Troubles, Extends Warranty

AUTOS: ‘Majority’ of Karmas expected to need replacements

Fisker Automotive Inc. takes account of battery troubles, extends warranty

Tease photo

Broadcom Keeps Place in Top 10

Broadcom Corp. maintained standing among top 10 chipmakers in the world in 2011

Kaiser Starts on Clinics for Tustin, Foothill Ranch

HEALTHCARE: Membership gains in South County spur move

Kaiser Permanente health system has two more building projects in works here

Tease photo

Irvine Corporate Center Up for Sale

REAL ESTATE: SunAmerica seeks $11M for Westcliff home

Irvine Corporate Center up for sale

Tease photo

Street Greets Injunction Against Emulex Calmly

TECHNOLOGY: Analysts say ruling muddies outlook

Street greets injunction against Emulex calmly

Tease photo

Friday, March 30

Volcom Cuts Jobs

Costa Mesa-based action sports apparel maker Volcom Inc. has made a round of job cuts, according to several industry trade reports.

Thursday, March 29

Reports: Kingston Takes Bigger Stake in Taiwan Supplier

Fountain Valley-based Kingston Technology Inc. has boosted its ownership stake in a Taiwanese storage device maker.

Del Taco Starts Push In Houston

Lake Forest-based Del Taco LLC opened the first of 40 restaurants it plans to open in the Houston area on Wednesday.

Tuesday, March 27

Broadcom Keeps Spot in Global Top 10

Irvine-based Broadcom Corp. maintained its ranking among the top ten chipmakers in the world in 2011.

Calnev Office in Orange Seeks Approval for New Pipeline

Houston-based Kinder Morgan Energy Partners LP’s office in Orange is pursuing an expansion of its pipeline system that runs from San Bernardino County to the Las Vegas area.

Monday, March 26

Drug Maker Ista in $500M Deal With Bausch & Lomb

Bausch & Lomb Inc. said today that it is buying Irvine eye drug maker Ista Pharmaceuticals Inc. for about $500 million in cash, or $9.10 a share.

First American's Donald Kennedy Passes Away

Donald Kennedy, chairman emeritus of Santa Ana-based title insurance company First American Financial Corp., passed away on Saturday. He was 93.

Saturday, March 24

Graff Supersized Dad’s Weight-Loss Practice with Lindora

HEALTHCARE: Rite Aid Pact Helped Clinics Multiply

Excellence in Entrepreneurship Awards - Graff supersized dad’s weight-loss practice with Lindora

Tease photo

Sizzling Verengo Solar Doesn’t Do Windows, Anymore

ENERGY: Recession forced switch to panel installations

Excellence in Entrepreneurship Awards - Verengo Solar Plus finds success where many competitors have failed

Tease photo

Clear for Take Off

Costa Mesa Aircraft Service Firm Gains on Mergers

Excellence in Entrepreneurship Award - Recent airline mergers have fueled growth at Costa Mesa-based Leading Edge Aviation Services Inc.

RMV Names Homebuilders for Sendero

REAL ESTATE: Under way on initial project of 690 acres

Rancho Mission Viejo LLC names homebuilders for Sendero

Felt Feels Growth Opportunity

Excellence in Entrepreneurship Award - Irvine-based Felt Racing LLC is jumping into the electric bike market

Top Wealth Managers

A look at the Business Journal’s list

Profiles of OC’s wealth managers

Tease photo

A Challenging Year for Those Blending the Investment Mix

Managers assessed risks, embraced opportunities

ABOUT THE LIST: Orange County’s top wealth managers gained new clients over the past year and are managing more money. Includes the 2012 OC's TOP WEALTH MANAGERS list for download (pdf)

Sun May Set on Historically Low Gift-Tax Rate

“Mad Dash” for Managers Likely as Expiration Nears

SPECIAL REPORT: WEALTH MANAGERS - Sun could set on historically low gift-tax rate

Portfolio Managers Adding More Stocks

Transition Afoot From Bonds to Dividend Equities

SPECIAL REPORT: WEALTH MANAGERS - Portfolio managers adding more stocks

ADDENDUM - March 26, 2012

Other news items of interest from the Orange County Business Journal

Tease photo

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

CALL FOR ENTRIES: Website set to take entries until April 20

Wanted: Best Places to Work for Business Journal’s annual list

Covidien Offers $108M for Newport Medical

Covidien PLC reaches into Orange County for another deal

Novasyte Trains Device Makers’ Customers

HEALTHCARE: Founders are former employees of big client

Excellence in Entrepreneurship Awards - Newport Beach-based Novasyte helps medical-device makers train customers

Tease photo

Final Paul Frank Cofounder Set to Depart Company

APPAREL: Ryan Heuser third to leave since Saban’s 2010 buy

Last of three cofounders of Paul Frank Industries in Costa Mesa is set to strike out on own

Extron Opens New HQ in Anaheim

TECHNOLOGY: Also grows base for East Coast in Raleigh

Extron Electronics Inc. recently christened 350,000-square-foot HQ in Anaheim and East Coast hub

Tease photo

Moiso’s Modesty; CoreLogic’s Critic; Agran’s Erosion

OC INSIDER Column by Jerry Sullivan

Locals Chase Riches in 10-Gig Niches

TECHNOLOGY: $6.5 billion worth of upgrades expected

Chasing riches in 10-Gig niches: equipment makers aid connectivity upgrades

Tease photo

Abbott Medical R&D Has Pipeline Primed

HEALTHCARE: Parent company’s backing brings home-grown yield

Abbott Medical Optics Inc. in Santa Ana will pump out a steady stream of new products this year

Tease photo

Friendly’s Face

La Palma Company Has 93 Franchises, Plans for More

Friendly Franchisees Corp. has 93 franchises, plans for more

Tease photo

Goodrich to Shift L.A. Offices to Brea

REAL ESTATE: 280 employees expected to arrive this summer

Goodrich Corp. is consolidating two L.A. County locations to Brea, bringing several hundred jobs to OC

Tease photo

MPG Plans to Give Up 500,000 SF in Brea

REAL ESTATE: Rest of holdings here distressed or on sales block

MPG Office Trust Inc. plans to let go of 500,000 SF in Brea

Tease photo

By the Numbers - WEALTH MANAGERS

There are more than 1,000 wealth managers in Orange County with nearly 10,000 workers.

REAL ESTATE DEALS

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

Panasonic Avionics Could Be Getting New Landlords

Four Buildings Leased in Lake Forest Up for Sale

Up to four Lake Forest offices leased to Panasonic Avionics Corp. are on the sales block, according to area brokers, in Real Estate

Tease photo

REAL ESTATE WATCH: NORTH & CENTRAL ORANGE COUNTY

Class A Space Disappears, So Spec Development Returns

OC’s real estate market in late 2011 began showing upbeat signs not seen since prior to the start of 2008 recession. Includes Real Estate Watch industry performance charts.

Tease photo

Tear-Down Shows Newest iPad Has Broadcom Chips

Ifixit Webcast Uncovers At Least 3 in New Product

Tear-down specialists say Broadcom Corp. has at least three chips in the new iPad, in Technology

Tease photo

Taco Bell Partners on Myspace’s Musical Web Series

Part of Branding, Content Push for Entertainment Hub

Specific Media continues to attract big-name marketers in turnaround campaign for social-media company Myspace LLC, in Media and Marketing

Tease photo

Study Finds OC Stroke Network Brings Big Benefits

Co-Author Says More Here Getting Vital Drug Quickly

Study points to benefits of network for stroke victims, in Healthcare

Tease photo

Getaway Home in Shady Canyon Goes for $12.8M

Golf Course-View Property First Listed for $18.9M

Getaway home in Shady Canyon goes for $12.8 million, in Luxury Homes

Tease photo

CALENDAR - March 27-April 4, 2012

EVENTS CALENDAR - A listing of events happening all around Orange County.

Tease photo

Friday, March 23

Tilly’s Reports Big Gain in Annual Sales

Irvine-based action sports retailer Tilly’s Inc. notched a 20% gain in sales for the 12 months through January.

OC Adds Jobs, Unemployment Rate Holds at 8%

Orange County added 9,100 jobs in February, a small turnaround after a decline in January.

Thursday, March 22

Covidien Offers $108M for Newport Medical

Covidien PLC, a medical device maker, said today that it would buy Newport Medical Instruments Inc. in Costa Mesa for $108 million.

Western Digital Shares Jump on Upgrade

Shares of Irvine-based drive-maker Western Digital Corp. surged Thursday after an analyst upgraded the company and said it was “significantly undervalued” following its recent acquisition of Hitachi Global Storage Technologies Inc.

Wet Seal Cites ‘Disappointing Start’ to Quarter

Weak sales of tops following the holiday selling season has Foothill Ranch-based mall retailer Wet Seal Inc. off to a “disappointing start” to its April quarter, according to Chief Executive Susan McGalla.

Rancho Mission Viejo Outlines Building Plans

A mix of local and national homebuilders has been tapped to build the first new batch of homes seen in over five years on land owned by Rancho Mission Viejo LLC.

Wednesday, March 21

OCBJ Fetes Six for Entrepreneurial Excellence

Six OC entrepreneurs were honored at the Business Journal’s 11th annual Excellence in Entrepreneurship Awards in Irvine.

Real Mex Sale to Creditors Finalized

The sale of Cypress-based Real Mex Restaurants Inc. to a group of creditors closed Wednesday, allowing the company to emerge from Chapter 11 bankruptcy.

Tuesday, March 20

Broadcom Corp. Deal for Startup in Israel

Irvine-based chipmaker Broadcom Corp. is set to acquire a startup company in Israel for at least $200 million, two Israeli newspapers reported Tuesday.

Wells Fargo to Close Santa Ana Call Center

Wells Fargo & Co. plans to close a customer service center in Santa Ana, a move that gives 315 employees 30 days to find a replacement job elsewhere in the bank’s Southern California operations.

Clean Energy Gets Another Deal in Florida

Seal Beach-based Clean Energy Fuels Corp. has signed a deal to build fueling stations for a Florida transportation company’s growing fleet of natural gas-powered vehicles.

Cameron Health Gets FDA Panel Date

San Clemente-based Cameron Health Inc. will have its implantable heart defibrillator reviewed by an FDA panel on April 26, the company said.

Monday, March 19

EZ Lube Sale Final; Takes Valvoline Name

Goldman Sachs Specialty Lending Group completes sale of EZ Lube LLC to Henley Pacific LA

Broadcom Wins Permanent Injunction Against Emulex

Irvine-based chipmaker Broadcom Corp. has won a judgment against Emulex Corp. that appears to end the companies’ long standing legal battle.

Saturday, March 17

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

CALL FOR ENTRIES: Website set to take entries until April 20

Wanted: Best Places to Work for Business Journal’s annual list

Tease photo

Ruby's Readies Rebound

Burger Chain Charts “Fast-Casual” Course After Tough Stretch

Ruby’s Diner charts “fast-casual” course after tough stretch

Tease photo

Biggies Seen as Quest Suitors

TECHNOLOGY: Dell tops list in wake of $2B offer

N.Y. private equity firm’s $2B bid to take Quest Software private unlikely to be only offer

Intel Ripple Effect: New OC Products

TECHNOLOGY: Cloud storage key to Romley line

Several OC technology companies stand to benefit from new line of chips recently debuted by Intel Corp.

Tease photo

Cameron’s Billion-Dollar Premium

HEALTHCARE: Heart device could revive troubled segment

Boston Scientific Corp. is making a big bet on Cameron Health Inc.

Tease photo

MIG Eyes Property Buys in New Territories

REAL ESTATE: Portfolio now stands at about $400 million

Newport Beach-based real estate investor MIG Real Estate aims to step up commercial acquisitions

Pacific Trust Sees HQ Here as Growth Platform

FINANCE: Calls Irvine “central hub,” eyes smaller banks in region

Pacific Trust Bank has made its move from Chula Vista to its new headquarters in Irvine

Tease photo

Solis Takes Stake in Local Software Maker

FINANCE: Investment by private equity firm launches second fund

Solis Capital Partners LLC acquires substantial stake in San Clemente software company gen-E

Avanir Ad Campaign Aims to Sell Patients on Flagship Drug

HEALTHCARE: Sees potential for more use in long-term care

Avanir Pharmaceuticals seeks new markets for core product, boosts promotions for its use to treat pseudobulbar affect

Auto Dealers See 19% Gain on Sales, Service in 2011

Auto dealers see 19% gain in sales, service in 2011

Tease photo

Nine from OC on Forbes’ Global List

Forbes’ latest list of billionaires included nine from Orange County

Fitch: Allergan Can Handle European ‘Headwinds’

HEALTHCARE: Cites strength during recession, limited exposure

Fitch: Allergan Inc. can handle European ‘headwinds’

ADDENDUM - March 19, 2012

Other items of interest Orange County Business Journal

Distressed Properties Still Account for Biggest Deals

More than 75% of $634M in sales stemmed from downturn

Shadow of the commercial real estate crash in 2007 and ’08 lingers over OC’s market for high-profile office sales

Tease photo

Leasing Leaps

Up 33% in 2011; Sales Also Solid, Despite Dip

OC companies inked blockbuster deals last year, out-of-town investors comprised bulk of region’s big-dollar commercial real estate buys

Tease photo

CALENDAR - March 19-28, 2012

A listing of events happening all around Orange County. March 19-28, 2012

Tease photo

Edwards Asks for Tweaks in Coverage Proposals

Heart-Valve Maker Awaits Important Medicare Ruling

Edwards Lifesciences Corp. asks for tweaks in coverage proposals, in Healthcare

Tease photo

Oakley Helps Promote Racy Limited-Edition Auto

Etnies’ “E-Suede” Used Inside Mitsubishi’s Evo X

Oakley Inc. helps promote racy limited-edition auto, in Media and Marketing

Tease photo

BofA Backs Western Digital’s Hitachi Global Deal

$2.8B Financial Package Carries $500M Credit Line

Bank of America backs Western Digital Corp.’s Hitachi Global deal, in Technology

Tease photo

Gateway One Adds Nearly 40,000-SF in Anaheim Hills

Lender to Keep Another 25,000 SF in Nearby HQ

Gateway One Lending & Finance adds nearly 40,000 square feet in Anaheim Hills, in Real Estate

Tease photo

REAL ESTATE WATCH: SOUTH ORANGE COUNTY

South OC’s Industrial, Office Segments Strengthen

South Orange County’s industrial market showed strength at year’s end. The Week's Best, Worst Performers; Roth OC50, Billion Dollar Club, OC Tech; Index Watch, 52-week Performance

REAL ESTATE DEALS - March 19, 2012

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

By the Numbers - TITLE INSURANCE COMPANIES

Includes analysis, charts and figures.

Title Cos. Adjust Focus to Commercial Transactions

Shift comes as residential sees drop in new mortgages

ABOUT THE LIST: Title companies adjust focus to commercial transactions. Includes the 2012 OC's LARGEST TITLE INSURERS list for download (pdf)

Solarflare Takes 5-Year, 22,000-SF Lease in Irvine

TECHNOLOGY: Networking equipment maker adding workers

Solarflare Communications Inc. will relocate its headquarters to a larger site amid plans for continued hiring

Tease photo

Apartment Rents Still Hot, Sales Cool

REAL ESTATE: Trend has recent buyers building

Once red-hot market for apartment sales appears to lose steam here, signs emerge that the rest of the U.S. could follow suit

Tease photo

Bawdy Time for HR Awards; New Passion for Quest Cofounder

OC INSIDER Column by Jerry Sullivan

Charitable Community Mourns Researcher’s Passing

Shanbrom Was a Renowned Hematologist, Philanthropist

Philanthropy Column by Sherri Cruz

Wednesday, March 14

Fitch Gives Allergan A+

Irvine-based drug maker Allergan Inc.’s long-term debt ratings have been raised by Fitch Ratings Inc.

Tuesday, March 13

Pac Sun Shares Take Hit on Q1 Outlook

Shares of Anaheim-based Pacific Sunwear of California Inc. plunged 15% in after-hours trading after the action sports retailer forecast a wider-than-expected loss for the three months through April.

Sale of EZ Lube Chain Final

The sale of Costa Mesa-based EZ Lube LLC to competitor Valvoline Instant Oil Change has closed.

Monday, March 12

9 OCers on Forbes’ Global List of Billionaires

Forbes’ latest list of billionaires included nine people from Orange County.

OCADA Report: 2011 Dealership Sales Top $7B

Sales at local auto dealers totaled $7.6 billion last year, according to an annual economic impact report from Newport Beach-based Orange County Automobile Dealers Association.

Judge Details Injunction Against Allergan Rival

A federal judge has issued a permanent injunction against a German company seeking to sell a rival to Irvine-based drug maker Allergan Inc.’s flagship Botox.

Saturday, March 10

Minority-Owned Companies Add Jobs, Top $11B

ECONOMY: Dip in combined revenue tied to Kingston estimate

ABOUT THE LIST: Minority-owned companies add jobs, top $11 billion. Includes the 2012 OC's LARGEST MINORITY-OWNED BUSINESSES list for download (pdf)

Tease photo

Edwards’ Trump Card: Tradition

Sapien In Spotlight; Other Valves, Care Products Bring Bulk of Revenue

Edwards’ Sapien gets spotlight; surgical valves, critical-care products bring bulk of revenue

Tease photo

By the Numbers - HUNTINGTON BEACH BUSINESSES

There are more than 4,600 businesses in Huntington Beach. Includes analysis, charts and figures.

REAL ESTATE DEALS

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

REAL ESTATE WATCH: LOW-RISE OFFICE SPACE

Strengthening Airport Leads Low-Rise Office Sector

Strengthening airport leads low-rise office sector. Includes Real Estate Watch industry performance charts.

Anna’s Linens Re-Ups in Costa Mesa Business Park

53,164-SF Space Valued at Almost $4.7 Million

Bed and bath retailer Anna’s Linens Inc. has renewed the lease for its Costa Mesa headquarters, in Real Estate

Tease photo

Online Auction Fetches $4.1 Million for Laguna Home

Price Down From $7.5M Listing in November

Bluff-top home in Laguna Beach recently sold in online auction for $4.1 million, in Luxury Homes

Tease photo

ADDENDUM - March 12, 2012

Other news items of interest from the Orange County Business Journal

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

CALL FOR ENTRIES: Website set to take entries until April 20

Wanted: Best Places to Work for Business Journal’s annual list

Tease photo

Court Bars Launch of Competitor to Botox Cosmetic

HEALTHCARE: Judge still must rule on length on injunction

Allergan has stymied a rival’s attempt to widen application of a Botox competitor to cosmetic uses, for now

San Clemente Device Maker Sold for $150M+

Boston Scientific is acquiring medical-device maker Cameron Health for $150 million in cash

Ensign Venture Gets Urgent Care Operator

HEALTHCARE: Ariz.-based Doctors Express Set to Expand

Joint venture of Ensign gets urgent care operator

Ohio Outfit Acquires Weartech in Anaheim

MANUFACTURING: In combo of welding and alloy product lines

Anaheim-based alloys manufacturer Weartech International Inc. was acquired by Lincoln Electric Holdings Inc. in Cleveland.

Sequent Medical Secures $26M in Venture Round

FINANCE: Device maker targets ballooning blood vessels

Sequent Medical secures $26M in venture round

Tease photo

Affliction Secures Funding, Readies New Branding

APPAREL: Aims for overseas expansion, lighter image

Affliction Holdings LLC has new financial backers and a fresh branding campaign focusing on denim line, women’s apparel, international sales

Tease photo

Device Maker Gets New Backer for Prosthetics Push

HEALTHCARE: Plans new hires for R&D, sales; eyes Europe

Irvine-based prosthetic device maker Freedom Innovations LLC has a new owner

Tease photo

$2 Billion Bid for Quest Software

TECHNOLOGY: CEO to retain stake in deal with private equity

$2 billion bid for Quest Software

Raj Retail: From ‘Pop-Up’ to Permanent

RETAIL: Swimsuit maker uses fad to test long-term prospects

Tustin swimsuit maker Raj Manufacturing LLC is building on the fad of temporary “pop-up” retail shops

Tease photo

Will Harbor Blvd. Get a Big Cadillac?

REAL ESTATE: Dealership brings hopes for flagship across street

Vacant car dealership along Harbor Boulevard in Costa Mesa has a new automotive tenant who plans a big makeover

Tease photo

Triangle Square Eyes Entertainment Bucks With Makeover Plan

REAL ESTATE: $25M budget; new name latest shift from shops

Triangle Square eyes entertainment bucks with makeover plan

Tease photo

Carpenter’s Crop

Irvine-Based Private Equity Firm Has Rare Status, 5 Banks

Ed Carpenter’s Irvine-based private equity firm has rare status, controlling interest in five banks

Equipped to Succeed

Aliso Viejo Firm Leases Heavy-Duty Gear Globally

Equipped to Succeed: Pacific Rim Capital Inc. leases heavy-duty gear globally

Tease photo

Toshiba to Buy Western Digital’s Small-Drive Unit

Regulators Forced Sale as Part of Hitachi Deal

Western Digital Corp. agrees to sell off its business of 3.5-inch hard disk drives to Toshiba Corp., in Technology

Red Contest Aims to Show Merits of 4K Image-Capture

Camera Maker to Display Winning Videos at NAB

Red.com Inc.’s Red Digital Cinema Camera Co. commissions customers to tout the benefits of its cameras, in Media and Marketing

Tease photo

Generic Drug Makers Seek to Solve Retail Shortages

FDA Commissioner Cites Woes, Industry Wants Talk

Generic drug makers ask FDA for help in solving facility, production-line problems causing drug shortages, in Healthcare

Tease photo

CALENDAR - March 13-21, 2012

A listing of events happening all around Orange County. March 13-21, 2012

Tease photo

Cash, Demographics, Taxes Point to More Dealmaking

Bankers expect increased activity after dry spell during recession

There’s budding optimism in the mergers and acquisitions market

Acquisitive Trio Tread Divergent Paths

Microsemi, Broadcom, Western Digital Each Sought Revenue Boosts

Microsemi, Broadcom, Western Digital each sought revenue boosts

Tease photo

Friday, March 9

Mazda North American Offering Worker Buyouts

Irvine-based Mazda North American Operations is offering an unspecified number of voluntary buyout packages to employees.

Quiksilver Shares Slump on Q1 Loss

Shares of Huntington Beach-based Quiksilver Inc. were down about 7% in midday New York trading a day after the surfwear company reported a higher-than-expected loss for the recently ended quarter.

OC Jobless Rate Rose to 8% in January

The unemployment rate ticked up in January as Orange County cut 29,700 jobs across all industries.

Thompson New Managing Partner at Rutan

Costa Mesa-based law firm Rutan & Tucker LLP elected Kim Thompson as managing partner, a position that had been held by L. Ski Harrison since 2009.

Western Digital Closes Hitachi Deal for $4.8 Billion

Western Digital Corp. has closed its buy of Hitachi Global Storage Technologies Inc. for $4.8 billion, positioning the Irvine-based company to battle for the top position among drive makers.

Tran Named President of PacLife

Newport Beach-based Pacific Life Insurance Co. has promoted Khanh Tran to president, a post that had been held by James Morris, who will remain chief executive and chairman.

$2 Billion Bid for Quest Software

Quest Software Inc. in Aliso Viejo would be taken private under terms of a proposed $2 billion sale to New York-based private equity firm Insight Venture Partners.

Thursday, March 8

Cameron Health Gets $150M with Milestones in Sale to Boston Scientific

San Clemente-based medical device maker Cameron Health Inc. is being bought by Boston Scientific Corp. for $150 million in cash, with additional payments of up to $1.05 billion possible based on future milestones.

Huntington Beach Credit Union Calls Off Merger

Huntington Beach-based NuVision Federal Credit Union and Kinecta Federal Credit Union in Manhattan Beach have called off plans to merge.

Wednesday, March 7

Device Maker Sequent Raises $26 Million

Aliso Viejo-based medical device maker Sequent Medical Inc. said today that it raised $26 million in a third round of venture financing.

Ensign in Deal for Urgent Care Operator

Mission Viejo-based nursing home company Ensign Group Inc. and its joint venture have bought a franchiser of urgent care clinics.

Anaheim Alloy Maker Acquired

Anaheim-based alloys manufacturer Weartech International Inc. was acquired by Lincoln Electric Holdings Inc. in Cleveland.

Federal Court Slaps Injunction on Potential Botox Competitor

A federal court judge has blocked a competitor to Irvine-based drug maker Allergan Inc.’s flagship Botox after allegations that trade secrets were stolen.

Western Digital Gets Final Regulatory Approvals for Hitachi Buy

Western Digital Corp. expects its $4.3 billion buy of San Jose-based Hitachi Global Storage Technologies Inc. to close on Thursday, ending a year of negotiations with U.S. and international regulators.

Tuesday, March 6

El Pollo Loco Names Ad Agency for Creative

Costa Mesa-based El Pollo Loco Inc. said it has hired a Bay Area ad shop for its general market and Hispanic accounts, ending an agency review that began in December.

Monday, March 5

San Diego Developer Confirms Interest in Register

A San Diego hotel developer, who recently acquired the daily newspaper there, confirmed his interest in buying the Orange County Register from Irvine-based Freedom Communications Inc.

Newport Beach Company Buys Wisconsin Water Park

Newport Beach-based Festival Fun Parks LLC has acquired Noah’s Ark Waterpark, a Wisconsin Dells, Wis. theme park that bills itself as the country’s largest water park.

Saturday, March 3

Irvine Energy Firm Gets Kentucky Coal

ENERGY: Buys 40% of mine for thermal energy

Irvine-based Universal Bioenergy Inc. acquires 40% stake in a Kentucky coal producer

Surf City Solar Firm Turns Long Ties Into Profits

TECHNOLOGY: Public-sector clients a key in tough niche

Execs with OC ties achieve profitability with solar-energy provider

Tease photo

Battle Lines Set on CoreLogic’s Future

CORPORATE: Highfields not happy, pushes for exec changes

CoreLogic Inc.’s two largest shareholders have opposing views on the best long-term strategy for the real estate data and analytics company

Built by Irvine Company, Furnished by Pimco

That’s the Plan on Newport Center HQ for Bond Trader

Details are starting to emerge on the most prominent office building to go up in Newport Beach in nearly 30 years

Tease photo

Legends of the Dining Landscape

Iconic Establishments Freshen Menus to Stay Au Courant

FIFI's BEST - Legends of the dining landscape

Tease photo

FIFI's BEST - Preview

Iconic Restaurants - Legendary Restaurteur

Summary of the Special Report

Tease photo

MemorialCare Buy Prompts New Affiliation

HEALTHCARE: Tie to Hoag in new accountable-care group

Orange County doctor groups unveiled some big affiliation moves last week

Augie’s Quest Quickens Pace; Wang Charms; FCD Tells Celeb Ties

OC INSIDER Column by Jerry Sullivan

Whatever Happened to Isuzu?

Anaheim-Based Brand Keeps on Truckin’

Anaheim-based Isuzu keeps on truckin’

Tease photo

Restaurateur of the Year

Chef Pascal Olhats: An Abiding Culinary Force

Chef/Restaurateur of the Year Pascal Olhats is a unique culinary force

Tease photo

By the Numbers - AUTO DEALERS

There are 114 new-car dealers in Orange County.

REAL ESTATE DEALS

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

REAL ESTATE WATCH: AIRPORT/ CENTRAL COAST AREA

Airport Area’s Industrial Continues to Gain Momentum

Industrial market around greater John Wayne Airport area closes out 2011 with renewed signs of tenant confidence

Tease photo

Del Mar Center’s Value More Than Doubles Since ’09

273,298-SF Property Was Briefly Hurt by Meltdown

Del Mar Center’s value more than doubles since 2009, in Real Estate

Tease photo

Taco Bell Figures Mas is More, Replaces Ad Slogan

Chain Changes Marketing, Pushes Breakfast Menu

Taco Bell changes marketing, pushes breakfast menu, in Media and Marketing

Tease photo

Medtronic Expects $125M Hit from Healthcare Reform Tax

Analysts Question Prospect of Near-Term Growth

Medtronic says federal tax hit from looming healthcare reforms will be $125M to $175M annually starting in 2013, in Healthcare

Tease photo

FlexEnergy Counts on Industry Vet to Pump Up Capital

Mitchell Worked to Raise Nearly $1B for Others

FlexEnergy hires new president to help raise money for growth, product development, commercialization, in Technology

CALENDAR - March 6-13, 2012

A listing of events happening all around Orange County. March 6-13, 2012

Tease photo

ADDENDUM - March 5, 2012

Other items of interest Orange County Business Journal

OC Auto Dealers Association Awards $66,000 in Scholarships

Loara High School Wins Car-Repair Competition

PHILANTHROPY Column by Sherri Cruz

Tease photo

Auto Dealers Shrug Off Challenges, Post Sales Gain

AUTOS: Overcome supply shortages, economic concerns

Auto dealers in Orange County overcame supply shortages and shaky consumer confidence to continue a comeback last year. Includes the 2012 OC's LARGEST AUTO DEALERS list for download (pdf)

Tease photo

Automakers Add Jobs Overall; Some Cut Amid Sales Growth

AUTOS: Fisker makes difference; Hyundai still No. 1 with 977

Automakers add jobs overall; some cut amid sales growth. Includes the 2012 OC's LARGEST AUTOMAKERS list for download (pdf)

Tease photo

LaSorda Takes Chief Executive Post at Fisker After Loan Snafu

AUTOS: Founder to executive chair, still in charge of design

Industry vet Tom LaSorda named chief executive of luxury hybrid automaker Fisker Automotive Inc.

Billabong Bows Out of Sale Talks

APPAREL: Equity firm offered $909.2M; two directors balked

Billabong International says it has broken off talks with private equity firm TPG Capital Partners LP

Tease photo

Edison, Partners Tag $460M for Wind-Energy Projects

ENERGY: Santa Ana company puts three operations in venture

Edison Mission Energy joins two partners to form Capistrano Wind Partners LLC

Gordian Seeks Bankruptcy Salve for Medicare Sores

HEALTHCARE: Says halt on payments led to cash crunch

Wound-care provider Gordian Medical Inc. files for bankruptcy reorganization in move tied to a reimbursement dispute

Tease photo

Software Maker Triples Space for HQ, Metrology Training

TECHNOLOGY: Works on drones, commercial rockets

Software maker Verisurf triples space for headquarters, metrology training

Tease photo

Applied Buys 124,000 SF With IPO Pending

REAL ESTATE: All-cash deals; gets stake in fellow device maker

Rancho Santa Margarita-based Applied Medical Corp. buys some 124,000 square feet with IPO pending

Tease photo

Dellerba to Keep CEO Post at Pac Merc Bank

Pacific Mercantile Bancorp Inc. chief executive will remain in the same post for its subsidiary

Friday, March 2

Ceradyne Gets $6.3 Million Order

Costa Mesa-based Ceradyne Inc. received a $6.3 million order for armor products to be used in the Apache helicopter.

Thursday, March 1

Automakers Continue Sales Momentum in February

Orange County automakers continued to post strong sales in February as the national pace among automakers hit a high not seen since 2008.

Wet Seal Sales Decline Narrows in February

Foothill Ranch-based Wet Seal Inc.’s same-store sales declined again in February but still managed to beat analyst expectations.