Stories for May 2012

Thursday, May 31

Standard & Poor’s Hikes Allergan Rating

Irvine-based drug maker Allergan Inc. today had its short-term credit ratings raised by Standard & Poor’s Inc.

Tilly’s Posts 21% Profit Rise in 1st Quarter since IPO

Action-sports retailer Tilly’s Inc. reported a 21% increase in fiscal first-quarter profit to $5.9 million.

Wet Seal Reports May Sales Decline

Foothill Ranch-based Wet Seal Inc. reported another disappointing month for same-store sales.

Wednesday, May 30

A-List Film in Works at Red Studios Hollywood

Irvine-based Red.com Inc.’s Red Digital Cinema Camera Co. has added another Hollywood credit to its resume thanks to a film being shot at its studio there.

Legal Support Firm Seeks to Fill Posts with Veterans

Costa Mesa-based Morgan Drexen is making efforts to hire more veterans.

Tuesday, May 29

Fisker Passes $100 Million in Revenue

Anaheim-based Fisker Automotive Inc. has sold more than 1,000 units of its hybrid sedan this year for more than $100 million in revenue through April 30.

Saturday, May 26

REAL ESTATE DEALS - May 28, 2012

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

Power Couple Redux

Klauses Aim to Clone Epicor Success With KeyedIn

Klauses aim to clone Epicor success with KeyedIn

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Hotels Track Web Comments to Monitor Public Image

Timely response key in handling criticism, queries, compliments

Hotels track Web comments to monitor public image

By the Numbers - ORANGE COUNTY HOTELS AND MOTELS

There are about 440 hotels and motels in Orange County.

OC Outpaces State in Electronic Medical Records

HEALTHCARE: Incentives in federal reforms fuel spread

Doctor groups adopting electronic records at faster pace locally than they are statewide

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Costa Mesa Investor Buys in Washington

REAL ESTATE: $41M deal part of recent buying push

Costa Mesa shopping-center owner Donahue Schriber expands to Washington state

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K&L Gates Taps 3 as New Partners in Irvine Office

LAW: Firm grows presence here with 40-plus offices worldwide

K&L Gates taps three as new partners in Irvine

Amonix Plans Layoffs at Seal Beach Headquarters

MANUFACTURING: Move follows cuts at Nevada plant

Solar panels manufacturer Amonix Inc. will lay off 76 employees in Seal Beach

Boutique Hotels on Coast Up for Sale

REAL ESTATE: Pacific Edge could fetch top dollar

Boutique hotels on coast up for sale

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Wm. Lyon Homes Puts HQ on Market

REAL ESTATE: Seeks $11.2M for 32,000 SF on Von Karman

William Lyon Homes puts Newport Beach HQ up for sale, looks to relocate to a smaller location

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Private Equity Strategy: Focus on ‘Lifestyle Healthcare’

HEALTHCARE: New firm aims for portfolio of cash-pay businesses

‘Lifestyle’ healthcare strategy: opt-out as way in

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REAL ESTATE WATCH: ORANGE COUNTY RETAIL MARKET

Slow Recovery in Retail Sector

Improving retail sales helps OC shopping centers stay on recovery track in Q1

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Texas Fund Nears Decision on Costa Mesa Complex

Apts. Project Mulled With Behringer on Sales Block

Behringer Harvard is approaching deadline for multifamily development in Costa Mesa, in Real Estate

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Santa Ana Firm Helps Out-of-State Colleges Recruit

Strategies Emphasize Social Media Contact

Santa Ana firm helps out-of-state colleges recruit, in Media and Marketing

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Danaher Chief Cites Progress With Beckman Coulter

Equipment Maker Helps Parent Mark Income Gains

Beckman Coulter Inc. continues to pay off for parent Danaher Corp., in Healthcare

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CALENDAR - May 29-June 6, 2012

A listing of events happening all around Orange County.

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OC Hotels Mark Higher Occupancies, Room Rates

Cars Land attractions expected to boost business in wide area

Business looks good for Orange County’s hotel industry. Includes the 2012 OC's LARGEST HOTELS list for download (pdf)

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Think Globally, Act Locally

Marketing Mantra of OC Tourism Pros

Think globally, act locally

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ADDENDUM - May 28, 2012

Other items of interest Orange County Business Journal

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Lantronix Founder, Critic Reassumes Chairman’s Role

Bruscha Earlier Pressed for Board, Exec Changes

Lantronix founder Bernhard Bruscha elected chairman of the Irvine-based networking-equipment maker, in Technology

DDi Shareholders OK Sale

DDi Corp. stockholders approve a pending sale to a St. Louis-based competitor

Mindspeed Assists Carrier Upgrades in China

TECHNOLOGY: China Mobile taps its R&D in base station push

Mindspeed supports carrier upgrades in China

PBS SoCal Raises $852,000 at Masterpiece Ball Gala

WGBH Exec Producer Feted for Downton Abbey

PHILANTHROPY Column by Sherri Cruz

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Blizzard’s Diablo III Sells Like the Devil in 1st Week

MEDIA: Record 5.1M copies sell, ring up welcome $306M

Blizzard Entertainment’s Diablo III sells like the devil in its first week

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New Federal Provisions Aid Community Banks

FINANCE: Shareholder limits eased in compliance guidelines

Orange County community banks well positioned to benefit from the Jumpstart Our Business Startups Act

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Mazda Unit: 107 Accept Buyouts

Irvine-based automaker Mazda North American Operations said 107 workers have volunteered for a buyout-package program offered to employees earlier this year.

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Samueli Regains Board Chair

Broadcom Corp.’s cofounder regains board chair

St. John Knits Up for Sale

Irvine-based women’s clothing maker St. John Knits International Inc. on the sales block

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Friday, May 25

Dell Surfaces as Potential Quest Buyer

Dell Inc. has surfaced as a potential bidder for Quest Software Inc. and is ideep into discussions to buy the Aliso Viejo-based company as soon as this weekend, according to numerous media reports.

Thursday, May 24

Walsh Promoted to Sunwest Chief

The board of Tustin-based Sunwest Bank promoted bank president Chris Walsh to chief executive.

DDi Shareholders Approve Sale

DDi Corp. stockholders have approved a pending sale to a St. Louis-based competitor, the company announced on Thursday.

Wednesday, May 23

Mazda Buyouts Total 107 Workers

Irvine-based Mazda North American Operations said 107 workers have volunteered for a buyout-package program offered to the automaker’s employees earlier this year.

Diablo III Breaks PC Sales Record

Blizzard Entertainment Inc.’s release of Diablo III has broken the record for the fastest-selling PC game in its first 24 hours on the market.

Tuesday, May 22

Wet Seal Trims New-Store Plans After ‘Disappointing’ Quarter

Foothill Ranch-based Wet Seal Inc. came in below Wall Street expectations on its July quarter guidance as the teen retailer looks to pull back on store growth this year.

New CFO at Stearns Lending

Santa Ana-based mortgage lender Stearns Lending Inc. has named industry veteran Gary Fabian as the company’s chief financial officer.

DVS Bankruptcy Proposes Company Auction

DVS Shoe Co. Inc., which recently relocated its headquarters to Orange County, filed for Chapter 11 bankruptcy protection last week citing declining revenue related to the lingering effects of the economic downturn and credit crunch.

Western Digital to Nasdaq

Western Digital Corp. shares are trading down Tuesday, a day after the Irvine-based company announced it was moving its listing to the Nasdaq Global Select Market from the New York Stock Exchange.

Carpenter New Chair of PacMerc

Costa Mesa-based Pacific Mercantile Bancorp Inc. has tapped three outside executives to join the company’s 11-member board of directors, including two from Irvine-based advisory firm Carpenter & Co.

Monday, May 21

Real Mex: Search Under Way for New CEO

The chair of Cypress-based Real Mex Restaurants Inc.’s board of directors has stepped in as interim chief executive while the company searches for a permanent replacement.

Experian Acquires Analytics-Software Company

Costa Mesa-based Experian Marketing Services has acquired Burlington, Mass.-based Conversen Inc. on undisclosed terms.

Report Puts St. John Knits Up for Sale

Irvine-based high-end women’s clothing maker St. John Knits International Inc. is on the sales block.

Samueli Back as Broadcom Chair

Broadcom Corp. cofounder and Chief Technical Officer Henry Samueli has been named chairman of the Irvine-based chipmaker, marking the second time he has held the post in the last three years.

Saturday, May 19

By the Numbers - SOUTH COUNTY BUSINESSES AND PROFESSIONAL OFFICES

There are more than 14,400 businesses and professional offices in South Orange County.

EVENTS - OCBJ May 21, 2012

Scenes from business, social, charity and other events.

Association for Corporate Growth honors eight

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Kudos for Limited Reach in Laguna Beach

Letter to the Editor

Supervisors: State in “Rash Plan” to Grab $48 Million From OC

VIEWPOINT

Supervisors: state in “rash plan” to grab $48 million from OC

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REAL ESTATE DEALS - May 21, 2012

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

Costa Mesa Agency Drives Monster’s Poland Push

Promos Tied to Drink Co.’s Gran Prix Sponsorship

Costa Mesa agency drives Monster’s Poland push, in Media and Marketing

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Mussallem Talks Up Edwards, Cites Unmet Needs’

Shareholders Move Board Members to Annual Terms

Edwards Lifesciences Corp. has been busy during the past six months, in Healthcare

QLogic Outpaces Emulex in Q1 Fibre Channel Sales

No. 2 Shows Solid Growth in Newer Network Niches

QLogic outpaces Emulex in Q1 fibre channel sales, in Technology

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CALENDAR - May 22-May 30, 2012

A listing of events happening all around Orange County.

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Laguna Lovers Buy Again in $6.1 Million Short Sale

Oceanfront Home Listed For $10.9 Million in 2010

Laguna lovers buy again in $6.1 million short sale, in Luxury Homes

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South OC Leads Retail Vacancy Gains

RETAIL SPACE

SPECIAL REPORT: COMMERCIAL REAL ESTATE UPDATE. South Orange County marks retail gains

Q1 Industrial Activity Up 15%

INDUSTRIAL SPACE

SPECIAL REPORT: COMMERCIAL REAL ESTATE UPDATE. Q1 industrial activity up 15% from year ago

Office Vacancies Down in Q1

OFFICE SPACE

SPECIAL REPORT: COMMERCIAL REAL ESTATE UPDATE. Office vacancies down in first quarter

Developers Slowly Start to Take Stock of Aging OC

Projects offer senior luxury, multigenerational housing

SPECIAL REPORT: COMMERCIAL REAL ESTATE UPDATE. Developers see green in graying OC

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ADDENDUM - May 21, 2012

Other items of interest Orange County Business Journal

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OC Flyers’ New Owner Plans Minor League in Region

SPORTS: Godfather Media says teams eyed in Irvine, elsewhere

OC Flyers’ new owner plans minor league in region

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Hoban Sees Immediate, Future Hurdles for Fairgrounds

ENTERTAINMENT: New chief seeks key hires; next master plan

Q&A: Hoban faces immediate, future challenges for fairgrounds

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Beazley: Ampitheatre Turnaround a Success

ENTERTAINMENT: Past CEO signs on with Simon Foundation

Q&A: Beazley counts ampitheatre turnaround among successes

Report: Fisker Will Delay Atlantic Debut

Report: Fisker Automotive Inc. will delay Atlantic debut

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Japan Times Publisher Wins 1 Pelican Hill Auction

Japan Times publisher wins 1 Pelican Hill auction

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Blizzard Chalks Up Robust Pre-Sales for Diablo III

ENTERTAINMENT: Almost 824,000 place orders for game

Blizzard Entertainment Inc. chalks up robust pre-sales for Diablo III

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Essex Buys 50% Stake in Skyline Towers for $85M

Year’s Richest Deal Priced at $487,000 Per Apartment

Skyline at MacArthur Place gets a tweak in its ownership structure, in Real Estate

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Irvine’s New Heritage

Culver Drive Retail Center Reflects Upscale Melting Pot

Heritage Plaza reflects upscale melting pot

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Class A+

Brokers Market “Trophy Towers” as Best of Best

SPECIAL REPORT: COMMERCIAL REAL ESTATE UPDATE. Today’s market for office sales in Orange County is a far cry from the go-go days of 2006 and 2007

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Freedom Sells Papers in Texas, Midwest

Irvine-based Freedom Communications Inc. has struck a deal to sell a group of six newspapers in Texas and another four in the Midwest

Tavik Buy Gives Incipio Action-Sports Credibility

MARKETING: Staffs combine in Irvine HQ, brands continue

Tavik Industries buy gives Incipio action-sports credibility

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Clean Energy Nears First Leg of Network

ENERGY: 30 natural-gas stations between Dallas, Houston

Clean Energy expects this month to complete first corridor of eventual nationwide network of natural-gas stations

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New Dean for Argyros School; OC 50 Update; Marsala’s Big Day

OC INSIDER Column by Jerry Sullivan

Fullerton Gas Station First for Propel Fuels

A Bay Area renewable-fuels provider has opened its first wholly owned and operated gas station in Fullerton.

McKernan Retires as CEO of Auto Club, Takes Chair

SERVICES: 37-year veteran Bouttier named successor

Thomas McKernan retires as chief executive of Automobile Club of Southern California, elected chairman

Bausch Taps Barr to Head Local Unit

HEALTHCARE: Move comes with $500M buy of Ista in works

Bausch & Lomb Inc. taps Barr to head local unit

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New Home in Land Deal for Condos in Newport Center

REAL ESTATE: Eyes 79 units on site next to Marriott

New Home in land deal for condos in Newport Center

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The Hyundai You Don’t Know

Automaker’s Finance Arm Works Quietly From OC Perch

The lack of limelight is fine with Hyundai Capital.

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Mazzo Sets Retirement as President of Abbott Medical

HEALTHCARE: Ibis head Simhambhatla named successor

Mazzo sets retirement as head of Abbott Medical

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Drug Maker Gets $26.7M to Fill Gap

HEALTHCARE: Aeolus’ R&D pact with feds helps draw funds

Mission Viejo-based Aeolus Pharmaceuticals Inc. raises $26.7 million, plans to use money to help cover expenses

Friday, May 18

Jobless Rate Falls on Gains, Data Revisions

Orange County added 3,300 jobs in April, when the unemployment rate fell to 7.4% from 8.2% in March and 8.5% a year earlier.

Feds Provide $1M for Clean Energy Expo at Great Park

The Orange County Great Park Corporation Board has been awarded a $1 million grant from the U.S. Department of Energy to help stage a clean energy exposition next year at the former El Toro Marine base in Irvine.

Thursday, May 17

Report: Fisker Delays Production on New Model

Fisker Automotive Inc. has pushed back production of its newly named Atlantic model to 2014, according to leaked internal company documents.

PacSun Manages Same-Store Sales Gain

Anaheim-based action sports retailer Pacific Sunwear of California Inc. posted a gain in same-store sales and a narrower-than-expected loss in the April quarter, both signs of progress in a turnaround that’s been three years in the making.

Oxnard Greenlights $1.7M Contract for Iteris

Santa Ana-based Iteris Inc., which makes traffic-management sensors and other gear, was awarded a $1.4 million contract from the city of Oxnard to integrate a smart transportation system.

Quality Misses on Profit, In-Line on Revenue

Quality Systems Inc., an Irvine healthcare technology company, today reported earnings for the three months ended March 31 that missed expectations and revenue that was in line.

Wednesday, May 16

Auxilio Revenue Up, Loss Wider for Q1

Auxilio Inc., a Mission Viejo-based company that helps hospitals and healthcare providers cut their dependence on paper records, said its revenue grew 40% in the first quarter while its loss widened from a year earlier.

Alternative Fuel Station Opens in Fullerton

A Bay Area renewable-fuels provider has opened its first wholly-owned and operated gas station in Fullerton.

Traffic Light Turned Down for Emerald Bay

The Laguna Beach City Council last night voted against the installation of a traffic light at an exit of Emerald Bay, an upscale enclave that’s home to some of Orange County’s top business executives and entrepreneurs.

Mission Viejo Drug Company Raises $26.7M

Mission Viejo-based Aeolus Pharmaceuticals Inc. has raised $26.7 million and plans to use the money to help cover expenses as it works on developing its lead biodefense drug compound.

Ceradyne Gets 2nd Order on Military Helmets

Costa Mesa-based technical ceramic products company Ceradyne Inc. has received the second of two orders for its enhanced combat helmet, valued at about $3.9 million.

Tuesday, May 15

Publisher Paying $19.4M for One Pelican Hill

The publisher of a Japanese newspaper is under contract to buy the most expensive house built in Orange County during the last housing boom.

St. Joseph Changes Corporate Name

Orange-based hospital operator St. Joseph Health System is now known as St. Joseph Health.

Monday, May 14

McKernan Retires as CEO, Takes Chairman’s Post at Auto Club

Thomas McKernan has retired as chief executive and been elected chairman of Costa Mesa-based Automobile Club of Southern California.

Sunday, May 13

OC 50: Technology

SPECIAL REPORT - Our Inventory of Business Leaders.

Profiles in Technology

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By the Numbers - ORANGE COUNTY PERSONNEL FIRMS

Orange County has more than 400 personnel firms. Together they employ about 5,300 workers.

OC 50: Retail

SPECIAL REPORT - Our Inventory of Business Leaders.

Profiles in Retail

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OC 50: Apparel

SPECIAL REPORT - Our Inventory of Business Leaders.

Profiles in Apparel

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OC 50: Manufacturing

SPECIAL REPORT - Our Inventory of Business Leaders.

Profiles in Manufacturing

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OC 50: Education

SPECIAL REPORT - Our Inventory of Business Leaders.

Profiles in Education

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OC 50: Healthcare

SPECIAL REPORT - Our Inventory of Business Leaders.

Profiles in Healthcare

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REAL ESTATE DEALS

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

REAL ESTATE WATCH: HIGH-RISE OFFICE MARKET

High-Rise Lease Rates Still Competitive

High-rise lease rates still competitive. Includes Real Estate Watch industry performance charts.

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Buchanan Street Gets Active in Texas, Looks Here

Purchases Include Austin Apartment Complexes

Buchanan Street is starting to get more active on the acquisition front, in Real Estate

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Riding Quietly, Quickly in Karma’s Designer Cockpit

Touch-Start Fisker 4-Door Travels 0-60 in Six Flat

Riding quietly, quickly in Karma’s designer cockpit, in Technology

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Skilled Healthcare Reaffirms Guidance After Mixed Q1

Interest Rate Could Help; Medicare Boosts Possible

Skilled Healthcare Group reaffirms guidance after mixed Q1, in Healthcare

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Oakley Art On Way to Olympic Run for London Games

Pairs Artists, Athletes for “Beyond Reason” Project

Oakley Inc. is going big in its run-up to the Olympic summer games, in Media and Marketing

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CALENDAR - May 15-May 23, 2012

A listing of events happening all around Orange County.

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ADDENDUM - May 14, 2012

Other news items of interest from the Orange County Business Journal

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Impact Giving Awards $130K From Pooled Donations

Recipients Include Lotus, Foster Youth Org

PHILANTHROPY Column by Sherri Cruz

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Staffing Firms Notch Second Straight Revenue Rise

SERVICES: Jumped 7% in ’11; agencies own hiring rose 4%

ABOUT THE LIST - Staffing firms notch second-straight revenue rise. Includes the 2012 OC's LARGEST EMPLOYMENT AGENCIES list for download (pdf)

Allergan Shares Hit Bump on Conservative Q2 Forecast

HEALTHCARE: Full-year outlook exceeds Wall Street’s

Irvine-based Allergan Inc.’s smooth stock cruise had bit of a bump recently.

20 Years Later: Much Stays Same Amid OC’s Changes

OC 50: Nine movers and shakers on list since 1993

SPECIAL REPORT: OC 50 - 20 years later

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Tilly’s Long Road to IPO Pays Dividends for Shaked

APPAREL: Ownership, timing contrast with 95 Volcom IPO

Tilly’s long road to IPO pays dividends for Shaked

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Famed Acoustics Pro on Chapman Arts Center

EDUCATION: Famed acoustician on Chapman University’s performing arts center

Billabong’s Naudé Adds South American Duties

APPAREL: Irvine exec elevated after Australian parent’s shake-up

Billabong’s Naudé adds South American markets

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It’s Jimmy P.’s World

Microsemi’s Peterson Laid Out New Aliso Viejo HQ With Purpose

CORNER OFFICE: It’s Jimmy P.’s world: Microsemi’s Peterson laid out new Aliso Viejo HQ with purpose

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Tiger Woods Foundation Drives College Dreams

OC 50ers Ueberroth, Drake Among Who’s Who of Board Members

COMMUNITY: Tiger Woods Foundation drives college dreams

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View From South Puts OC on Top

ECONOMY: Leads San Diego on industry mix, local GDP

Orange County leads San Diego on industry mix, local GDP, wages

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OC 50: Inventory of Influence

Time of Turnover for This Year’s List of Business Leaders

SPECIAL REPORT: OC 50 - Inventory of influence

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OC 50: Services

SPECIAL REPORT - Our Inventory of Business Leaders.

Profiles in Services

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Lyon Homes Sees $90M on Land Sale

REAL ESTATE: Paid $65M for site in Silicon Valley last year

William Lyon Homes sells off a 27-acre former mall site in NorCal to real estate investor Rockwood Capital LLC

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OC 50: Real Estate

SPECIAL REPORT - Our Inventory of Business Leaders.

Profiles in Real Estate

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OC 50: Finance

SPECIAL REPORT - Our Inventory of Business Leaders.

Profiles in Finance

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Edwards Gets Into Next Round of R&D

HEALTHCARE: 6 conventional products on tap for device maker

Edwards Lifesciences Corp. gets into next round of research and development

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Friday, May 11

Plaza Posts 32% Boost in Quarterly Profit

Irvine-based Plaza Bank saw a 32% increase in profit in the first quarter, totaling $293,000.

Thursday, May 10

Cameron Health Says Trial Shows Defibrillator Safe

San Clemente-based Cameron Health Inc., which is being bought by Boston Scientific Corp., said today that its implantable heart defibrillator was proven safe and effective in a 330-person clinical trial.

Experian North America Sees 10% Revenue Gain

Costa Mesa-based Experian Information Solutions Inc. saw a 10% lift in revenue for the year through March, for a total of $2.09 billion.

Wednesday, May 9

Blizzard Reports Q1 Profit, Revenue Drop; Warcraft Subscriptions Flat

Irvine-based online game maker Blizzard Entertainment Inc. staved off subscription losses for its flagship World of Warcraft franchise in the first quarter as revenue and operating profits slid for the third straight quarter.

Reports Put Register Sale Close

The San Diego developer who owns U-T San Diego is in talks to buy Irvine-based Freedom Communications Inc.’s Orange County Register, according to various media reports in San Diego.

Quest Software Draws More Offers

More potential bidders for Quest Software Inc. have surfaced, the Aliso Viejo-based company disclosed on Wednesday.

Government Subpoenas Allergan on Lap-Band

Irvine-based Allergan Inc. has received a government subpoena in regard to its Lap-Band weight-loss device, the company said in a federal filing.

Tuesday, May 8

Billabong USA President Adds New Title

Paul Naude, president of Irvine-based Billabong USA’s North America division, has expanded duties as president of the Americas.

Incipio Buys Clothing Maker Tavik

Irvine mobile accessories maker Incipio Technologies Inc. has purchased local clothing maker Tavik Industries LLC.

Clean Energy Shares Continue Slide

Shares of Clean Energy Fuels Corp. continued to slide Tuesday, a day after the Seal Beach-based company reported mixed first-quarter financial results.

Sun Healthcare Shares Plunge

Shares of Irvine-based nursing home operator Sun Healthcare Group Inc. fell sharply today after first-quarter revenue came in below analysts’ expectations.

Monday, May 7

Hale New CEO for Stearns Lending

Santa Ana-based mortgage lender Stearns Lending Inc. has tapped industry veteran Brian Hale as chief executive effective May 21.

Irvine Health Technology Company Sold

Irvine-based TC3 Health Inc., a healthcare technology company, has been sold to Emdeon Inc. for an undisclosed price.

Pac Merc Reports Earnings Dip Amid Rise in Common Shares

Costa Mesa-based Pacific Mercantile Bancorp posted an 18% drop in first-quarter profit from a year earlier to $1.4 million.

Sunday, May 6

Small and Smart

Businesses Benefit From Tough Calls in Challenging Times

Small and smart: businesses make tough calls in challenging times

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Highfields Aims to Put 3 on CoreLogic Board

REAL ESTATE: Hedge fund’s choices seen as move on CEO

Highfields puts up three for CoreLogic Inc. board in push for change

Standard Pacific Eyes Marblehead

REAL ESTATE: Plans to spend $400M+ on land in 12

Standard Pacific Corp. remains interested in buying land once controlled by master developer SunCal Cos.

BJ’s Looks to Stay Ahead With Marketing Maneuvers

RESTAURANTS: Customer rewards program set for July

BJ’s Restaurants Inc. has plans for a customer-loyalty program and other marketing initiatives as competition heats up among casual-dining chains

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Quiksilver’s Vacation Play

Beach Rentals in Australia, Downplays HB Hotel

Action sports apparel maker Quiksilver Inc. has made a push into commercial real estate

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Lantronix Moves Turn Red Ink to Black

TECHNOLOGY: Cost cuts, new products; raises $9.3M

Lantronix Inc. says it’s getting back to solid footing thanks to a series of restructuring moves initiated in the last six months

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By the Numbers - ORANGE BUSINESSES

There are more than 4,800 businesses in the city of Orange.

Universal Protection Buys S.D. Firm

Security firm Universal Protection Service acquires San Diego-based Heritage Security Services

Balboa Bay Club Deal Struck

Balboa Bay Club deal struck

SBA Lending Down Compared With Record Year

Dip traces to elapsed fee waivers; some lenders still saw upticks

ABOUT THE LIST: SBA lending down compared with biggest year ever. Includes the 2012 OC's LARGEST SBA LENDERS list for download (pdf)

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By the Numbers - SMALL BUSINESSES IN ORANGE COUNTY

There are more than 68,000 small businesses in Orange County. About 63% have one to four workers.

Web Video: Useful Addition to Marketing Toolbox

Lower costs spur rise in use; regular updates important

Web video: useful addition to marketing toolbox

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Small Businesses Resume More Robust Hiring

Staff expansions bolstered by marketing, recovery

Local small businesses resume robust hiring

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REAL ESTATE DEALS

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

REAL ESTATE WATCH: GREATER LOS ANGELES

L.A. Commercial Market Improves, Especially in Industrial Sector

L.A. commercial market improves, especially in industrial sector. Includes Real Estate Watch industry performance charts.

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Broadcom’s Tustin Campus Could Cover 70+ Acres

Chipmaker in Talks About Possible HQ

Broadcom Corp.’s talks on possible Tustin campus cover more than 70 acres, in Real Estate

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Joyeria Tous Uses Pop-Up, Promotion to Create Buzz

Jeweler Offers iPhones for $250 in Purchases

Jeweler Joyeria Tous makes three-day run in temporary shop set up at a retail center in Irvine, in Media and Marketing

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Botox Study: Help on Migraines in Chronic Cases

Sees Little Benefit for Less-Frequent Episodes

Botox study: help on migraines mostly in chronic cases, in Healthcare

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CALENDAR - May 8-May 16, 2012

A listing of events happening all around Orange County.

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Ingram Micro In Nascent Turnaround Down Under

Cites Progress on Aussie System Integration Woes

Ingram Micro in nascent turnaround Down Under, in Technology

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Tides at Crystal Cove Home Sells for $7.6 Million

Drew Few Offers Until After Listing Was Ended

Tides at Crystal Cove home sells for $7.6 million, in Luxury Homes

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ADDENDUM - May 7, 2012

Other items of interestOrange County Business Journal

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Newport Wine Festival to Offer Tastings, Seminars

Balboa Bay Club Venue Poses Dining Opportunity

Newport Beach Wine Festival to offer tastings, seminars, in Executive Dining

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Tilly’s IPO Tops Range

The IPO of Irvine-based Tilly’s Inc. was a hit with Wall Street

Semicoa Comeback Bid Adds Commercial Niches

TECHNOLOGY: Rocky road after ’08 split from Microsemi

Semicoa comeback bid adds commercial niches to defense

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Pacific Premier Acquires Failed Palm Desert Bank

Pacific Premier Bancorp Inc. acquires failed Palm Desert Bank

Sabra Starts to Thrive Despite Medicare Cutbacks

HEALTHCARE: Results for Q1 expected to show big rebound

Sabra survives, starts to thrive despite cutbacks on Medicare

Viviano Named Boss of UCSD Hospitals

HEALTHCARE: Set to depart NB-based Alliance in June

Paul Viviano named boss of UCSD hospitals

Covidien Adds to R&D, Production Here

HEALTHCARE: Center starts with 70 employees, 100 more expected

Covidien PLC is striking a nerve in Irvine

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Tougher TARP for OC Recipients?

FINANCE: Saigon National first in line for higher toll

Tougher TARP for Orange County recipients?

Art of Commerce

Game Makers, Action Sports Brands Find More Than Meets Eye at Laguna College

Game makers, action sports brands find more than meets eye at Laguna College

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Friday, May 4

QLogic Shares Continue Slide After Disappointing Guidance

Shares of QLogic Corp. continued to fall Friday, a day after the Aliso Viejo-based networking-equipment maker posted mixed quarterly earnings and provided an outlook for the current quarter below Wall Street estimates.

Tilly's Shares Surge After IPO

The initial public offering of Irvine-based Tilly’s Inc., the largest traditional IPO seen in Orange County in several years, is a hit with Wall Street on its first day of trading.

Masimo Shares Drop on Mixed Q1 Results

Shares in Irvine-based Masimo Corp. fell 4% in midday trading today after the medical-device maker posted mixed first-quarter financial results.

Sunstone to Buy Chicago Hotel

Aliso Viejo-based Sunstone Hotel Investors Inc. has agreed to acquire the Wyndham Chicago in an $88.4 million cash and stock deal.

Thursday, May 3

Corinthian Sags on Lower Profits

Santa Ana-based Corinthian Colleges Inc. saw its stock price plunge more than 21% today after it reported a drop in earnings for the March quarter.

Investors Hit Nursing Home Companies

A pair of Orange County nursing home companies saw their shares fall today in the wake of first-quarter earnings reports.

Wet Seal Lowers Guidance for April Quarter

Foothill Ranch-based teen retailer Wet Seal Inc. lowered its guidance for the April quarter after another month of disappointing same-store sales.

American Vanguard Shares Fall Despite Strong Q1

Newport Beach-based specialty chemical maker American Vanguard Corp. saw its stock price dive despite big gains in sales and profits in the first quarter.

Newport Corp. Slides on Guidance Cut

Shares of Newport Corp. continued to slide Thursday, a day after the Irvine laser maker cut its sales forecast for 2012.

Wednesday, May 2

Allergan in Line on Profit; Shares Fall on Q2 Forecast

Irvine-based Allergan Inc. today reported first-quarter results that were in line with Wall Street projections but saw its shares drop after it provided conservative guidance for the current quarter.

Alliance HealthCare's Viviano to UCSD

Paul Viviano will step down as chairman and chief executive of Newport Beach-based Alliance HealthCare Services Inc. to lead the University of California, San Diego, Health System.

Smaller Gains on Auto Sales in April

The pace of sales growth among automakers here and nationally slowed last month on fewer selling days and cooler temperatures.

Universal Protection Buys JWA Security Contractor

Universal Protection Service in Santa Ana has acquired San Diego-based Heritage Security Services, which was recently selected to provide private armed security guards for John Wayne Airport.

Tuesday, May 1

Broadcom Beats Q1 Profit Target, Revenue in Line with Estimates

Irvine-based chipmaker Broadcom Corp. on Tuesday reported first quarter revenue in line with estimates and an adjusted profit that beat Wall Street expectations.

Deal Struck for Balboa Bay Club

Two Orange County executives are in a deal to buy International Bay Club Inc., the parent of the Balboa Bay Club & Resort and the Newport Beach Country Club.

Standard Pacific Back to Profit in Q1

Irvine-based Standard Pacific Corp. swung back to profit in the first quarter, beating analysts’ expectations.