Stories for February 2013

Thursday, February 28

Versant Ventures in Mayo Clinic ‘Business Accelerator’

Venture capital firm Versant Ventures Inc. is among the inaugural tenants at a new center for early-stage companies developed by Rochester, Minn.-based medical practice and research group Mayo Clinic.

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Conexant Files for BK

Newport Beach-based chipmaker Conexant Systems Inc. filed for Chapter 11 bankruptcy protection Thursday morning in Delaware.

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Midday Stock Roundup

The S&P 500 rose 0.29% to 1,520.33 in afternoon trading Thursday.

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Braithwaite New CEO at Hoag as Deal with St. Joe’s Gets Approval

Hoag Memorial Hospital Presbyterian said today that Robert Braithwaite will be its new chief executive. Braithwaite is currently chief operating officer at Hoag. He succeeds Richard Afable, who is now chief executive of a regional healthcare network to be formed by Hoag and Orange-based St. Joseph Health. The network will be operated by a new company known as Covenant Health Network.

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American Vanguard Beats Expectations for Q4

Newport Beach-based specialty chemical maker and agricultural company American Vanguard Corp. beat analyst expectations on revenue and profit for the fourth quarter and full year.

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Wednesday, February 27

Midday Stock Roundup

The S&P 500 rose 0.99% to 1,511.78 in afternoon trading Wednesday.

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Specialist in Financial Services for Hospitals Buys SF Software Company

Irvine-based Cymetrix Corp., which provides administration and financial services to hospital systems, has acquired CareClarity Inc., a healthcare analytics software company in San Francisco.

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Reports: Cuts to Quiksilver Staff, Brands

Huntington Beach-based action sports apparel and accessories maker Quiksilver Inc. has made a number of cuts in its operations, according to various trade reports.

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CombiMatrix Reports, Shares Fall

Irvine-based CombiMatrix Corp.’s shares fell today after it reported its fourth-quarter financial results.

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American Suzuki Continues Restructuring in Brea

Brea-based American Suzuki Motor Corp. is shifting its local employees to another subsidiary of parent Suzuki Motor Corp. of Japan as part of the company’s bankruptcy restructuring.

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Questcor Beats Estimates on Revenue, Profit

Anaheim-based Questcor Pharmaceuticals Inc. on Tuesday posted fourth-quarter financial results that surpassed Wall Street’s expectations.

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National Geographic Taps OC Scouts for Reality Show

Four Orange County Boy Scouts will be featured in a new National Geographic Channel reality-television series, titled “Are You Tougher than a Boy Scout?”

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Bioshaft Lines Up Middle East Distributors

Lake Forest-based Bioshaft Water Technology Inc. has signed three contracts with distributors in the Middle East, boosting the company’s presence in a region it has targeted in its bid for international growth.

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Irvine Firm Lands EIR for Hollywood Central Park

Irvine-based FirstCarbon Solutions has received a contract to provide environmental consulting services for the Hollywood Central Park project in Los Angeles.

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3 OC Resorts Get 5 Stars From Forbes

Three resort properties in Orange County received a nod in Forbes’ 55th annual Travel Guide.

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Tuesday, February 26

Specialist in Financial Services for Hospitals Buys SF Software Company

Irvine-based Cymetrix Corp., which provides administration and financial services to hospital systems, has acquired CareClarity Inc., a healthcare analytics software company in San Francisco.

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American Suzuki Continues Restructuring in Brea

Brea-based American Suzuki Motor Corp. is shifting its local employees to another subsidiary of parent Suzuki Motor Corp. of Japan as part of the company’s bankruptcy restructuring.

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Questcor Beats Estimates on Revenue, Profit

Anaheim-based Questcor Pharmaceuticals Inc. today posted fourth-quarter financial results that surpassed Wall Street’s expectations.

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National Geographic Taps OC Scouts for Reality Show

Four Orange County Boy Scouts will be featured in a new National Geographic Channel reality-television series, titled “Are You Tougher than a Boy Scout?”

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3 OC Resorts Get 5 Stars From Forbes

Three resort properties in Orange County received a nod in Forbes’ 55th annual Travel Guide.

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Midday Stock Roundup

The S&P 500 was up 0.27% to 1,491.87 in afternoon trading Tuesday.

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Quiksilver COO, Global Brand President to Leave

Quiksilver Inc. Chief Operating Officer and Global Brand President Craig Stevenson plans to leave the Huntington Beach-based action sports apparel maker in October.

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Emulex Shareholder Calls for Sale

A major shareholder of networking equipment maker Emulex Corp. has asked the Costa Mesa-based company to make changes to its board or consider a sale on the heels of its $130 million acquisition of Endace Ltd.

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Supplements Maker Sells Consumer Line

Irvine-based dietary supplements and ingredients maker ChromaDex Corp. has announced plans to sell its sole consumer product line, BluScience, to a company in Canada for about $6 million.

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New Duties for Pacific Premier’s Gardner

Irvine-based Pacific Premier Bancorp Inc.’s Chief Executive Steven Gardner has been named vice chairman of the Federal Reserve Bank of San Francisco’s Community Depository Institutions Advisory Council.

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Chronic Tacos to Vegas Casino

San Clemente-based Chronic Taco Enterprises Inc. will open a location at the Palms Hotel & Casino in Las Vegas in April.

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Skiver Advertising Wins Hooters Account

Newport Beach-based advertising agency Skiver Advertising was named agency of record for restaurant operator Hooters of America LLC.

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Monday, February 25

Quiksilver COO, Global Brand President to Leave

Quiksilver Inc. Chief Operating Officer and Global Brand President Craig Stevenson plans to leave the Huntington Beach-based action sports apparel maker in October.

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Skiver Advertising Wins Hooters Account

Newport Beach-based advertising agency Skiver Advertising was named agency of record for restaurant operator Hooters of America LLC.

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Chronic Tacos to Vegas Casino

San Clemente-based Chronic Taco Enterprises Inc. will open a location at the Palms Hotel & Casino in Las Vegas in April.

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Supplements Maker Sells Consumer Line

Irvine-based dietary supplements and ingredients maker ChromaDex Corp. has announced plans to sell its sole consumer product line, BluScience, to a company in Canada for about $6 million.

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New Duties for Pacific Premier’s Gardner

Irvine-based Pacific Premier Bancorp Inc.’s Chief Executive Steven Gardner has been named vice chairman of the Federal Reserve Bank of San Francisco’s Community Depository Institutions Advisory Council.

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Midday Stock Roundup

The S&P 500 was down 0.22% to 1,512 in afternoon trading Monday.

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Pacific Hospitality Buys Santa Barbara Resort

An affiliate of Irvine-based Pacific Hospitality Group LLC has bought the Bacara Resort & Spa, a 354-room luxury hotel in Santa Barbara.

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JWA January Traffic Up

January passenger traffic at John Wayne Airport rose 9.7% from a year ago to 698,237.

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O’Neill’s Bost Goes “Undercover”

Toby Bost, chief executive of Irvine-based O'Neill Clothing USA, went undercover for the CBS reality show "Undercover Boss."

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Sunday, February 24

CALENDAR - Feb. 25-March 6 and March 20, 2013

A listing of events happening all around Orange County.

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Special Place for Special Needs

Glennwood House Takes Shape in Laguna Beach

Glennwood House takes shape in Laguna Beach

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Homebuilders Up 3%, Still Well Shy of Peak Years

Irvine Pacific No.1 for Second-Straight Year

SPECIAL REPORT - RESIDENTIAL REAL ESTATE: Homebuilders up 3%. Includes the 2013 OC's LARGEST HOMEBUILDERS list for download (pdf)

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California Pacific’s New Rank Applies to Apartments

REAL ESTATE: Past year saw two biggest projects in OC history

California Pacific stays busy with apartments

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By the Numbers - OC REAL ESTATE OFFICES

There are more than 2,400 real estate offices in Orange County. Includes analysis, charts and figures.

REAL ESTATE DEALS - Feb. 25, 2013

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

Auction’s Aim: Non-Traded REITs

Market Would “Create Liquidity” for Asset Class

REITbid is trying to make trading non-traded REIT shares a little easier, in Real Estate

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Latisys Makes Another Addition to Irvine Data Center

Demand for Data Storage Leads to Second Phase

Latisys makes another addition to Irvine data center, in Technology

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OC Retail Market Steady Overall, Hot on Coast

REAL ESTATE WATCH: ORANGE COUNTY RETAIL MARKET

OC’s retail market saw its vacancy rate rise in the fourth quarter. Includes Real Estate Watch industry performance charts.

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Kia Saves Last of Griffin Spots for All-Star Weekend

Clipper Forward Started for Winning Side of Big Game

Kia saves last of Blake Griffin spots for All-Star weekend, in Media and Marketing

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Masimo Sets Priorities, Sales Benchmark on Pronto-7

To Form Sales Team for Blood Management

Masimo Corp. sets priorities, sales benchmark on Pronto-7, in Healthcare

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Bit Like a Boom for Luxury

Economic Recovery, Tight Inventory Push Prices Up, Time on Market Down

SPECIAL REPORT - RESIDENTIAL REAL ESTATE: Latest on luxury: pace, prices on rise.

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Central Park West: Accidental Barometer of Industry

Development Reflects Ups, Downs of Past 10 Years

SPECIAL REPORT - RESIDENTIAL REAL ESTATE: Central Park West: accidental barometer of industry

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Trio of Builders Plan to Pick Up Pieces Along Coast

High-End Projects Could Bring $300M or More

SPECIAL REPORT - RESIDENTIAL REAL ESTATE: Piecework on the Coast

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ADDENDUM - February 25, 2013

Other news items of interest from the Orange County Business Journal

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Mission Hospital Gets the Spirit, Raises $1.1 Million

Nolet Family, Execs Among Donors, Mazda Gives Miata

PHILANTHROPY Column by Sherri Cruz

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New Dealers Association President Puts Priority on Auto Show

New dealers association president puts priority on auto show

Questcor Gets Boost From Insurer in Advance of Q4 Report

HEALTHCARE: Blue Cross Illinois gives update on coverage

Questcor Pharmaceuticals gets boost from insurer in advance of fourth-quarter report

Honda Center Takes Food Service In-House

Honda Center plans to handle its own food service

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Volvo Owner Among Bidders for Fisker

Volvo owner among bidders for Anaheim-based Fisker Automotive

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Skilled Settles With State, Eyes HUD Refi

HEALTHCARE: Loan from feds could save $10M a year

Skilled Healthcare’s settlement of complaint could put it in position for low-interest HUD loan

Private Equity Puts $100M on Mobilitie’s Next Push

TECHNOLOGY: Focus on cell stations for high-traffic venues

Mobilitie raises $100M to fund high-speed antenna systems, cellular base stations to serve high-traffic public venues

Monié Aims to End Ingram’s Aussie Troubles

TECHNOLOGY: Region had operating loss of $40M last year

Monié aims to end Ingram’s Aussie troubles

Sammis’ Intellect; Slemons’ ’76 Run; Barth’s Bellwether

OC INSIDER Column by Jerry Sullivan

Simon Strikes Deal to Buy Out Private Equity Partner

MANUFACTURING: $323M for other half of RSI Home Products

Ron Simon’s RSI Home Products in deal to buy out private equity partner

Blizzard Goes Offline for PlayStation

Game Maker in Deal With Sony

Blizzard will make one of its games available for consoles for the first time under a recent deal with Sony Computer Entertainment

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Downtown Looks Up

Developer Who Brought “Anti-Mall” to Costa Mesa Behind Retail Twist in Anaheim

The developer who brought the anti-mall to Costa Mesa is behind a retail twist in Anaheim

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Friday, February 22

O’Neill’s Bost Goes “Undercover”

Toby Bost, chief executive of Irvine-based O'Neill Clothing USA, went undercover for the CBS reality show "Undercover Boss."

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Midday Stock Roundup

The S&P 500 rose 0.64% to 1,512 in afternoon trading Friday.

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Billabong Cuts Full-Year Guidance

The parent of Irvine-based action sports apparel maker and retailer Billabong USA cut its forecast for the full year, amid tough business conditions in Europe and weaker-than-expected performance of its Nixon watch brand.

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New CEO at CombiMatrix

Irvine-based molecular diagnostic company CombiMatrix Corp. said Chief Commercial Officer Mark McDonough will become chief executive on March 15.

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Mimi’s Q3 Comparable Sales Slide, Sale to LeDuff Closes

Irvine-based Mimi’s Cafe continued to see same-store sales fall, with sales in the January quarter down 4%.

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Thursday, February 21

Mimi’s Q3 Comparable Sales Slide, Sale to LeDuff Closes

Irvine-based Mimi’s Cafe continued to see same-store sales fall, with sales in the January quarter down 4%.

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Billabong Cuts Full-Year Guidance

The parent of Irvine-based action sports apparel maker and retailer Billabong USA cut its forecast for the full year, amid tough business conditions in Europe and weaker-than-expected performance of its Nixon watch brand.

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CombiMatrix Shares Surge Again

Irvine-based CombiMatrix Corp.’s shares jumped on Thursday after a report on the Seeking Alpha investor website suggested that its stock price will double by the end of the month.

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Newport Corp. Shares Jump

Shares of laser maker Newport Corp. continued to surge Thursday, a day after the Irvine-based company announced adjusted profits that widely beat Wall Street expectations.

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Midday Stock Roundup

The S&P 500 fell 0.77% to 1,500 in afternoon trading Thursday.

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Marblehead to Get More Work, Homes Still on Hold

Grading and site work at the long-delayed Marblehead Coastal development in San Clemente could move ahead later this year, although a clear timeline for homebuilding at the 248-acre site remains in limbo.

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Honda Center Takes Food Concession In-House

The Honda Center in Anaheim will handle its own food services, replacing Philadelphia-based Aramark Corp., which had operated the concession since the stadium opened in 1993.

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Plaza Bank’s Profits Up for Q4, Full Year

Irvine-based Plaza Bank reported increased profits for the fourth quarter and the full year.

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Wednesday, February 20

Midday Stock Roundup

The S&P 500 fell 0.46% to 1,524 in midday trading Wednesday.

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BlizzCon Set for November in Anaheim

Irvine-based Blizzard Entertainment Inc. has set a date for the return of its BlizzCon fan fest, which will be held at the Anaheim Convention Center on Nov. 8 and 9.

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BJ’s Shares Fall on Same-Store Decline

Shares of Huntington Beach-based restaurant operator BJ’s Restaurants Inc. fell on signs of a slowdown in the company’s business so far this year.

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Kaiser Aluminum Dips on Q4 Miss

Foothill Ranch-based Kaiser Aluminum Corp. missed expectations on revenue and profits in the fourth quarter, when it saw dampened demand from the automotive and general engineering sectors.

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Skilled Healthcare Settles With State

Foothill Ranch-based Skilled Healthcare Group Inc. settled with the California attorney general’s office over complaints about its staffing levels and care at its nursing homes.

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Tuesday, February 19

Kaiser Aluminum Dips on Q4 Miss

Foothill Ranch-based Kaiser Aluminum Corp. missed expectations on revenue and profits in the fourth quarter, when it saw dampened demand from the automotive and general engineering sectors.

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BJ’s Expects ‘Another Challenging Year’ for Segment

Huntington Beach-based restaurant operator BJ’s Restaurants Inc. sees another tough year for the restaurant industry.

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Skilled Healthcare Settles With State

Foothill Ranch-based Skilled Healthcare Group Inc. settled with the California attorney general’s office over complaints about its staffing levels and care at its nursing homes.

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Midday Stock Roundup

The S&P 500 rose 0.53% to 1,528 in afternoon trading Tuesday.

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Mobilitie Raises $100M

Newport Beach-based Mobilitie LLC has raised $100 million to fund high-speed antenna systems and small cell station infrastructure for high-traffic public venues such as sports stadiums, along with Wi-Fi networks and new wireless tower sites across the U.S.

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Reports: Volvo Owner Bids for Fisker

Another automaker in China has been identified as an investor for Anaheim-based luxury hybrid automaker Fisker Automotive Inc.

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Monday, February 18

Stock Roundup: Markets Closed Today

The stock market was closed Monday for Presidents Day.

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Report: Chinese Automaker's $350M Bid for Fisker Among Several Offers

A number of potential investors have made bids for Anaheim-based luxury hybrid automaker Fisker Automotive Inc., according to a Bloomberg report.

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Italian Machine Maker Plans Anaheim Showroom

A U.S. unit of Italian equipment maker Biesse Group is slated to open a West Coast showroom in Anaheim.

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Red Digital Sues Sony, Alleges Patent Infringement

Irvine-based Red Digital Cinema Camera Co. filed a lawsuit accusing Sony Corp. of patent infringement.

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Sunday, February 17

Kia's Climb

Cadenza Aims to Carry Value Brand to Premium Territory

Kia’s Cadenza sedan aims to carry value brand to premium territory

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Big Banks See OC Lift, Push Plans to Continue Momentum

Commercial Real Estate Picks Up, International Ties Add Fuel

SPECIAL REPORT - BANKING: Big banks see OC lift, push plans to continue momentum

Q&A: Recovery's Roadmap

SPECIAL REPORT - BANKING: The recession is over and business is better—although there’s still room to argue about how much improvement can be seen for banks and their customers here. So the Business Journal’s Jane Yu asked OC bankers: Where do you see the economic recovery, and how does it affect the bank’s plans for this year?

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By the Numbers - OC BANK OFFICES, BRANCHES

There are more than 650 banks offices and branches in Orange County.

REAL ESTATE DEALS - Feb. 18, 2013

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

Ranch Restaurant, Saloon Expands at Extron HQ

Work has started on an expansion of The Ranch Restaurant & Saloon in Anaheim

Vacancy Rate Down, Average Rent Unchanged for Low-Rise Office

REAL ESTATE WATCH: LOW-RISE OFFICE SPACE

Sares-Regis sells industrial site in Inland Empire. Includes Real Estate Watch industry performance charts.

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Sares-Regis Sells 2.1 Million-SF Industrial Project in IE

2nd Recent Deal With Institutional Investor

Low-rise segment of OC’s office market sees vacancy rate fall in the fourth quarter

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OC Restaurants Help on Girl Scouts Cookie Campaign

El Pollo Loco, Yogurtland, Mimi’s Host Sales Booths

OC restaurants help on Girl Scouts cookie campaign, in Media and Marketing

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Geography Over Ideology in Bid to Repeal Device Tax

OC’s Campbell on Board With Minnesota’s Franken

Geography over ideology in bid to repeal device tax, in Healthcare

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CALENDAR - Feb. 18-27, 2013

A listing of events happening all around Orange County.

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City Ventures Hits the Beach With Land Buy

Gets Parcel Next to St. Regis, Plans 37 Units; IPO in Future?

Homebuilder City Ventures LLC buys land next to St. Regis Monarch Beach Resort in Dana Point

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Stearns Goes for Top Billing on 2 Leases

REAL ESTATE: Will get signs on MetroCenter, Xerox Centre

Stearns goes for top billing on two leases

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Commercial Banks Continue Gains on OC Deposits

More Make List, Combine for $70.9 Billion; Jobs Steady

SPECIAL REPORT - BANKING: Commercial banks in Orange County continued a steady pace of growth last year. Includes the 2013 OC's LARGEST COMMERCIAL BANKS list for download (pdf)

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Noted Builder’s San Clemente Creation Fetches $4.2M

Cyprus Shore Place Has 2 Bedrooms, Room to Add

Noted builder’s San Clemente creation fetches $4.2 million, in Luxury Homes

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Mindspeed Goes 3-for-3, Shows Signs of Turnaround

Sales Up 31%; Costs Fall With Picochip Integration

Mindspeed goes three-for-three, shows signs of turnaround, in Technology

ADDENDUM - February 18, 2013

Other items of interest in the Orange County Business Journal

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Steele Platt to Board of Tequila Brand

Yard House founder Steele Platt joins the board of directors of a local tequila company

Asics America Sponsors LA Marathon

Asics America Corp. will be title sponsor of the LA Marathon

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Wet Seal Parts Way With SVP for Stores

Wet Seal’s senior VP of store operations is the latest exec to part ways with the teen and contemporary retailer

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Creditor Wants Liquidation of Telecom Equipment Maker

TECHNOLOGY: Powerwave’s accounts seized amid bid for sale

Telecom equipment maker Powerwave Technologies is mounting a last defense to keep its doors open

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Wanted: Best Places to Work for OCBJ’s List

CALL FOR ENTRIES: Website set to take entries until March 22

Wanted: best places to work for Business Journal’s annual list

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STEC Responds to Dissidents

TECHNOLOGY: Biggest shareholder has called for sale

STEC responds to dissidents’ push to replace board

New Uses, Products on Allergan’s Plate for 2013

HEALTHCARE: Confident on Map deal; seeks more Botox uses

New uses, products on Allergan Inc.’s plate for 2013

Broadcom in Line for Another Bite of Apple?

TECHNOLOGY: New baseband chip could grow links on iPhone

Is Broadcom in line for another bite of Apple?

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Kimera Closure Points to Google; Atkins, Makar Meet Again

OC INSIDER Column by Jerry Sullivan

Kingston on Customer Tests: Go Big, Turn Quick

TECHNOLOGY: Hundreds around world weigh in on wireless reader

Kingston Technology Inc. is amid one of its largest product tests to date

State’s OK Comes With Conditions for Hoag, St. Joseph Network

HEALTHCARE: Benchmarks on pro bono care, women’s services

State’s OK comes with conditions for Hoag, St. Joseph network

Augie’s Quest Carries Fight Against ALS to UCI Medical Center

HEALTHCARE: Clinical trials for drug from Nieto-chaired foundation

Augie Nieto’s fight against ALS will open a new front at UCI Medical Center

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Friday, February 15

Report: Chinese Automaker's $350M Bid for Fisker Among Several Offers

A number of potential investors have made bids for Anaheim-based luxury hybrid automaker Fisker Automotive Inc., according to a Bloomberg report.

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Red Digital Sues Sony, Alleges Patent Infringement

Irvine-based Red Digital Cinema Camera Co. filed a lawsuit accusing Sony Corp. of patent infringement.

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Italian Machine Maker Plans Anaheim Showroom

A U.S. unit of Italian equipment maker Biesse Group is slated to open a West Coast showroom in Anaheim.

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Vans Continues Growth Streak in Q4

Action-sports clothing and shoe maker Vans Inc. was the top performer for parent VF Corp.’s outdoor and action-sports division during the fourth quarter ended Dec. 29.

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Midday Stock Roundup

The S&P 500 fell 0.10% to 1,520 in afternoon trading Friday.

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Masimo Posts Mixed Results

Irvine patient monitor maker Masimo Corp. on Thursday reported a fourth-quarter profit that missed on revenue and beat analysts’ forecasts.

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Thursday, February 14

Masimo Posts Mixed Results

Irvine patient monitor maker Masimo Corp. today reported a fourth-quarter profit that missed on revenue and beat analysts’ forecasts.

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Midday Stock Roundup

The S&P 500 was up 0.02% to 1,521 in afternoon trading Thursday.

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Record Q4 Revenue for Ingram Micro

Shares of Santa Ana-based Ingram Micro Inc. were up in afternoon trading Thursday, a day after the company reported fourth-quarter revenue along with profits that beat Wall Street expectations.

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Ensign Shares Rise on Full-Year Guidance

Shares of Mission Viejo-based nursing home operator Ensign Group Inc. were up in afternoon trading Thursday, a day after the company provided guidance for the current year that surpassed forecasts.

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Yard House Founder Joins Tequila Company Board

Steele Platt, the founder of Irvine-based Yard House USA Inc., has joined the board of directors of a local tequila company.

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The Ranch Restaurant & Saloon Expanding

Work has started on an expansion of The Ranch Restaurant & Saloon in Anaheim, owned by Extron Electronics Inc. Chief Executive Andrew Edwards.

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Wednesday, February 13

Yard House Founder Joins Tequila Company Board

Steele Platt, the founder of Irvine-based Yard House USA Inc., has joined the board of directors of a local tequila company.

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Record Q4 Revenue for Ingram Micro

Santa Ana-based Ingram Micro Inc. on Wednesday reported fourth-quarter revenue along with profits that beat Wall Street expectations.

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Ensign Q4 Misses Projections

Mission Viejo-based nursing home operator Ensign Group Inc. today reported fourth-quarter results that missed expectations.

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Midday Stock Roundup

The S&P 500 was up .07% to 1,521 in afternoon trading Wednesday.

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Next for Taco Bell: Cool Ranch

Irvine-based Taco Bell Corp. plans to put a Cool Ranch-flavored Doritos Locos Tacos on its menu next month.

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STEC Responds to Dissident Shareholders’ Push to Replace Board

Santa Ana-based disk drive maker STEC Inc. has offered to nominate two directors from a slate of seven proposed by dissident shareholders that want to replace the company’s entire board.

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Tuesday, February 12

Asics New Title Sponsor of LA Marathon

Irvine-based athletic shoe, apparel and equipment maker Asics America Corp. will be title sponsor of the LA Marathon, a spot previously held by American Honda Motor Co. Inc.

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Hoag, St. Joseph Get Conditional Approval on Network

Newport Beach-based Hoag Memorial Hospital Presbyterian and Orange-based St. Joseph Health have received conditional approval from the California Attorney General’s office to develop an integrated regional healthcare delivery network.

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Wet Seal SVP of Store Operations Resigns

Foothill Ranch-based teen and contemporary retailer Wet Seal Inc. announced the resignation of its senior vice president of store operations.

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Sale of Centennial Bank Set

Fountain Valley-based Centennial Bank is expected to be acquired by Western Alliance Bancorp in Phoenix in a multi-step deal with a value estimated at about $57.5 million.

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Midday Stock Roundup

The S&P 500 rose 0.26% to 1,521 in afternoon trading Tuesday.

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Monday, February 11

Wet Seal SVP of Store Operations Resigns

Foothill Ranch-based teen and contemporary retailer Wet Seal Inc. announced the resignation of its senior vice president of store operations.

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Hoag, St. Joseph Get Conditional Approval on Network

Newport Beach-based Hoag Memorial Hospital Presbyterian and Orange-based St. Joseph Health have received conditional approval from the California Attorney General’s office to develop an integrated regional healthcare delivery network.

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Sale of Centennial Bank Set

Fountain Valley-based Centennial Bank is expected to be acquired by Western Alliance Bancorp in Phoenix in a multi-step deal with a value estimated at about $57.5 million.

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Midday Stock Roundup

The S&P 500 fell 0.14% to 1,516 in afternoon trading Monday.

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CalWest Bancorp Posts Loss for Q4, Full Year

Rancho Santa Margarita-based CalWest Bancorp posted a fourth-quarter loss of $1.5 million and $2.1 million in red ink for all of 2012.

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Action Sports Manufacturers, Retailers Converge for Annual SIMA Image Awards

Orange County brands dominated Aliso Viejo-based Surf Industry Manufacturers Association’s annual SIMA Image Awards Thursday evening.

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Forbes Names Irvine Startup to List

Irvine-based healthcare software maker Kareo Inc. ranked No. 58 on Forbes magazine’s recent list of “America’s 100 most promising companies.”

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Saturday, February 9

CalPERS Behind Deal on South OC Mall

REAL ESTATE: $240B pension fund out to increase California holdings

Orange County’s retail market has the attention of America’s largest public pension fund.

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More Than the Money Guy

Ingram Micro’s Humes Takes Addition of COO’s Duties in Stride

CFO OF THE YEAR AWARDS: William Humes is more than the money guy at Ingram Micro Inc.

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By the Numbers - Orange County Hospitals

There are 53 hospitals in Orange County, and they collectively employ nearly 36,000 people. Includes analysis, charts and figures.

REAL ESTATE DEALS - Feb. 11, 2013

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

Donahue Schriber Hangs Sale Sign on Arizona Retail

Recession-Era Bargains Let New Competitors Drop Rents

Donahue Schriber hangs sale sign on Arizona retail, in Real Estate

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Samsung Tops Apple as Broadcom’s Biggest Customer

Sales to South Korea-Based Brand Now 17.3% of Total

Samsung tops Apple as Broadcom’s biggest customer, in Technology

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Vacancies Down, Rents Up for High-Rise Offices in Q4

REAL ESTATE WATCH: HIGH-RISE OFFICE MARKET

Vacancies down, rents up for high-rise offices in fourth quarter. Includes Real Estate Watch industry performance charts.

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CALENDAR - Feb. 11-20, 2013

A listing of events happening all around Orange County.

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Fancy That: BowTie Inc. Sells Titles, Gets Tenant

Keeps Building in Irvine; Leases to New Owners

BowTie sells titles, gets tenant, in Media and Marketing

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ICU Medical to Cut U.S. Sales of ‘Outdated’ Device

To Skip FDA Study, Shift Sales to 2 Other Products

ICU Medical to cut U.S. sales of “outdated” device, in Healthcare

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CHOC’s New Tower Ready for Debut

SPECIAL REPORT: HEALTHCARE - Tour of CHOC’s new tower.

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Latest OC Startups: Accountable-Care Organizations

Cooperative Efforts Spurred by Healthcare Reform Take Shape

SPECIAL REPORT: HEALTHCARE - Latest Orange County startups: accountable-care organizations.

Hospitals’ Revenue Steady; See Big Increase in Profits

OC’s 30 Biggest Combine for 39% Pretax Gain, $554M Total

SPECIAL REPORT: HEALTHCARE - Biggest hospitals steady on revenue, post big jump in profits. Includes the 2013 OC's LARGEST HOSPITALS list for download (pdf)

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Q&A: EMR Update

The Switch to Electronic Medical Records Goes on in OC

SPECIAL REPORT: HEALTHCARE - What’s going on with EMR?

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ADDENDUM - February 11, 2013

Other news items of interest from the Orange County Business Journal

Golden State Foods Buys NZ Foodmaker

Irvine-based food processor and distributor Golden State Foods Corp. has acquired a majority stake in Groenz Group Ltd.

Blizzard’s Gamers Give $2.3 Million for Sandy Relief

“Adoption Fees” on Virtual Pets Add Up for Red Cross

Philanthropy Column by Sherri Cruz

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

CALL FOR ENTRIES: Website set to take entries until March 22

Wanted: best places to work for Business Journal’s annual list

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Device Maker Surges On New Laser Uses

HEALTHCARE: FDA approves Biolase sales in 19 new segments

Shares of Biolase surge after FDA clears its soft tissue lasers for more uses

Teva to Sell Irvine Plant, Eyes Shift of OC Production

HEALTHCARE: Move part of drug maker’s plan to cut costs

Teva to sell Irvine plant as part of cost-cutting plan

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Extron Makes Buy Next to Ball Road HQ

REAL ESTATE: From tenant to owner at 110,600-SF building

Anaheim-based Extron Electronics Inc. pays $17 million for its former headquarters on East Ball Road

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Big Day at Sage Hill; Diamond-Jamboree Lives Up to Name

OC INSIDER Column by Jerry Sullivan

Los Alamitos Wants Thoroughbred Status

SPORTS: Aims for industry training center to replace Hollywood Park

Los Alamitos Race Course wants thoroughbred status.

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Irvine Lays Claim to National Jobs Title

ECONOMY: 94.8% ratio tops among 100 largest U.S. cities

Irvine has declared itself the pound-for-pound national champion of job creation

Meet the Grayse

That’s No Typo—It’s the Latest Line By Marie and Kelly Gray

The mother-daughter team that put St. John Knits in the upper reaches of high fashion have teamed up for a new apparel company.

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Plenty of Action on Acquisition Trail

8 Deals Last Year, More in Works for Universal Services

CFO OF THE YEAR AWARDS: Universal Services of America’s revenue has grown fivefold in Scott Savoie’s seven years as finance chief

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This Equation Adds Up

Company Grows as Guard Against Fraudulent Returns to Retailers

CFO OF THE YEAR AWARDS: David Justus helped bring The Retail Equation Inc. through recession, into position as an established player in thwarting merchandise scams

Taking on More at Microsemi

“First Time We Dipped Into Debt Markets”

CFO OF THE YEAR AWARDS: Microsemi Corp.’s John Hohener is the financial strategist behind the Aliso Viejo-based chipmaker’s aggressive growth plan.

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From Interim to Into It

Nonprofit’s “Daring” Mission Makes CFO a Believer

CFO OF THE YEAR AWARDS: Think Together’s “daring” mission makes Michael Frobenius a believer.

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Friday, February 8

Forbes Names Irvine Startup to List

Irvine-based healthcare software maker Kareo Inc. ranked No. 58 on Forbes magazine’s recent list of “America’s 100 most promising companies.”

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Action Sports Manufacturers, Retailers Converge for Annual SIMA Image Awards

Orange County brands dominated Aliso Viejo-based Surf Industry Manufacturers Association’s annual SIMA Image Awards Thursday evening.

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Midday Stock Roundup

The S&P 500 was up 0.45% to 1,516 in midday trading Friday.

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Kia Eyes Luxury Crossover Market With New Concept Vehicle

Irvine-based Kia Motors America Inc. showed off a new concept crossover utility vehicle at the Chicago Auto Show on Thursday that could help it compete in the premium segment of the market.

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MemorialCare Getting Into Surgery Centers

Tustin-based MemorialCare Medical Foundation said today that it entered a joint venture with Birmingham, Ala.-based Surgical Care Affiliates LLC to develop, buy and manage surgery centers in Orange and Los Angeles counties.

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Wet Seal January Same-Store Sales Mixed

Foothill Ranch-based Wet Seal Inc.’s teen and contemporary retail chains saw mixed results on same-store sales in January.

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Thursday, February 7

Kia Eyes Luxury Crossover Market With New Concept Vehicle

Irvine-based Kia Motors America Inc. showed off a new concept crossover utility vehicle at the Chicago Auto Show on Thursday that could help it compete in the premium segment of the market.

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Wet Seal January Same-Store Sales Mixed

Foothill Ranch-based Wet Seal Inc.’s teen and contemporary retail chains saw mixed results on same-store sales in January.

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MemorialCare Getting Into Surgery Centers

Tustin-based MemorialCare Medical Foundation said today that it entered a joint venture with Birmingham, Ala.-based Surgical Care Affiliates LLC to develop, buy and manage surgery centers in Orange and Los Angeles counties.

Midday Stock Roundup

The S&P 500 fell 0.58% to 1,503 in midday trading Thursday.

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Vans New U.S. Open of Surfing Title Sponsor

Cypress-based skate brand Vans Inc. inked a three-year deal to be title sponsor of the annual U.S. Open of Surfing.

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Former County Public Works Official to BIA

The Orange County Chapter of the Building Industry Association of Southern California has named Michael Balsamo as its new chief executive.

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Wednesday, February 6

Cars Land Helps Drive Attendance Boost for Disney Parks

Higher attendance and spending at the Disneyland Resort in Anaheim helped Burbank-based Walt Disney Co. to a fourth-quarter revenue gain—a bright spot amid a dip in earnings attributed primarily to a slowdown for its movie studio.

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Former County Public Works Official to BIA

The Orange County Chapter of the Building Industry Association of Southern California has named Michael Balsamo as its new chief executive.

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Biolase Surges on FDA Approval

Shares of Irvine-based medical device maker Biolase Inc. surged today after it said the Food and Drug Administration cleared one of its soft tissue lasers for more uses.

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Midday Stock Roundup

The S&P 500 fell 0.15% to 1,509 in midday trading Wednesday.

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Glaukos Raises $30M

Laguna Hills-based startup Glaukos Corp. said today that it has closed on a $30 million round of venture capital funding.

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New Zealand Regulators Approve Emulex Deal

Costa Mesa-based networking equipment maker Emulex Corp. has received approval from New Zealand regulators to acquire Endace Ltd. for $130 million in an all-cash deal, the company announced Tuesday.

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Cars Land Helps Drive Attendance Boost for Disney Parks

Higher attendance and spending at the Disneyland Resort in Anaheim helped Burbank-based Walt Disney Co. to a fourth-quarter revenue gain—a bright spot amid a dip in earnings attributed primarily to a slowdown for its movie studio.

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Tuesday, February 5

Glaukos Raises $30M

Laguna Hills-based startup Glaukos Corp. said today that it has closed on a $30 million round of venture capital funding.

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New Zealand Regulators Approve Emulex Deal

Costa Mesa-based networking equipment maker Emulex Corp. has received approval from New Zealand regulators to acquire Endace Ltd. for $130 million in an all-cash deal, the company announced Tuesday.

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Midday Stock Roundup

The S&P 500 rose 0.97% to 1,510 in midday trading Tuesday.

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Golden State Buys New Zealand Foodmaker

Irvine-based food processor and distributor Golden State Foods Corp. has acquired a majority stake in Groenz Group Ltd., a manufacturer of sauces, dressings and other products sold to restaurants in New Zealand, Australia and various Pacific Ocean island nations.

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PBS SoCal Hires Public Media Vet as COO

Costa Mesa-based PBS SoCal has hired public media veteran Andrew Russell as chief operating officer, a new position at the station.

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Avery Sells Brea-Based Consumer Products Group

The Brea-based Office and Consumer Products Group of label and packaging materials maker Avery Dennison Corp. has been sold to CCL Industries Inc. in a deal that fetched $500 million in cash.

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Taco Bell Sees Q4, Full-Year Same-Store Growth

Irvine-based Taco Bell Corp. led growth in same-store sales in the U.S. for its parent company during the fourth quarter and full year ended Dec. 29.

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Balboa Bay Club & Resort Gets 2 Names

The Balboa Bay Club & Resort in Newport Beach has a couple of new names to reflect the two main parts of its operations: a private, members-only club alongside a full-service waterfront resort that’s open to the public.

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Edwards Shares Slump on Analyst Concerns

Shares of Irvine-based Edwards Lifesciences Corp. fell after some analysts expressed concerns over the company's gain in sales of its transcatheter valves in the fourth quarter.

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Allergan Reports Mixed Q4 Results

Irvine-based Allergan Inc. today posted a fourth-quarter profit that just missed analysts’ expectations on revenue that was in line with forecasts.

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CommerceWest Profits Triple in Q4

Irvine-based CommerceWest Bank reported fourth-quarter earnings of $1.2 million, triple its year-earlier profit.

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ICU Medical Beats Expectations

Shares of San Clemente-based medical device maker ICU Medical Inc. rose, a day after it posted fourth-quarter financial results that beat analysts’ expectations.

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Johnny Rockets Parent Seeks Buyer

The owner of Aliso Viejo-based Johnny Rockets Restaurant Group Inc. is exploring a possible sale of the American diner-themed chain.

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Monday, February 4

Balboa Bay Club & Resort Gets 2 Names

The Balboa Bay Club & Resort in Newport Beach has a couple of new names to reflect the two main parts of its operations: a private, members-only club alongside a full-service waterfront resort that’s open to the public.

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Johnny Rockets Parent Seeks Buyer

The owner of Aliso Viejo-based Johnny Rockets Restaurant Group Inc. is exploring a possible sale of the American diner-themed chain.

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ICU Medical Beats Expectations

San Clemente-based medical device maker ICU Medical Inc. today posted fourth-quarter financial results that beat analysts’ expectations.

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Golden State Buys New Zealand Foodmaker

Irvine-based food processor and distributor Golden State Foods Corp. has acquired a majority stake in Groenz Group Ltd., a manufacturer of sauces, dressings and other products sold to restaurants in New Zealand, Australia and various Pacific Ocean island nations.

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CommerceWest Profits Triple in Q4

Irvine-based CommerceWest Bank reported fourth-quarter earnings of $1.2 million, triple its year-earlier profit.

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Taco Bell Sees Q4, Full-Year Same-Store Growth

Irvine-based Taco Bell Corp. led growth in same-store sales in the U.S. for its parent company during the fourth quarter and full year ended Dec. 29.

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Edwards Beats on Q4, Gives 2013 Outlook

Irvine-based Edwards Lifesciences Corp. reported fourth-quarter financial results today that surpassed Wall Street estimates, and offered a 2013 outlook that falls within range of expectations.

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Avery Sells Brea-Based Consumer Products Group

The Brea-based Office and Consumer Products Group of label and packaging materials maker Avery Dennison Corp. has been sold to CCL Industries Inc. in a deal that fetched $500 million in cash.

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Midday Stock Roundup

The S&P 500 fell 0.91% to 1,499 in midday trading Monday.

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Bloomberg: In-N-Out Boss Among Youngest Female Billionaires

The 30-year-old president of the Irvine-based In-N-Out burger chain is one of the youngest female billionaires in the world, according to a report from Bloomberg.

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OC Automakers See Mixed January Sales

Automakers here posted mixed results for January amid an overall jump in U.S. vehicle sales to start off the year.

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Wet Seal President Resigns; Retailer Trims Workforce

Foothill Ranch-based Wet Seal Inc. announced the departure of President and Chief Operating Officer Ken Seipel in addition to the elimination of 35 positions at the retailer.

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Saturday, February 2

Griffin-American Plans $1.3B Offering on Next REIT

HEALTHCARE: Demographics behind push for medical properties

Griffin-American Healthcare REIT III plans $1.3 billion offering on next REIT

European OK for Sales of OC-Made Heart Valve

HEALTHCARE: Startup adds sales vet for commercial debut

Direct Flow receives European regulatory approval for its less-invasive replacement heart valve

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Buena Park Insurance Firm Hits the Street

Confie Seguros Counts 300 Storefronts, Private Equity Backer

Confie Seguros Holding Co. is coming off a busy 2012 with plans to get busier this year

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MemorialCare’s Manor

Hospital Operator’s Latest Deal: 15-Acre Campus for HQ in Costa Mesa

MemorialCare’s latest deal: 15-acre campus for headquarters in Costa Mesa

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Wanted: Best Places to Work for OCBJ’s Annual List

CALL FOR ENTRIES: Website set to take entries until March 22

Wanted: best places to work for Business Journal’s annual list

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Irvine Continues Gains as Industrial Center

Irvine’s industrial sector continued to expand last year

Irvine Ranch Top Seller Among Masterplanned in State

88% Jump to 1,434 Sales; Shea, Lyon Make Top 50

Irvine Ranch top seller among masterplanned communities in the state, in Real Estate 49

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Greater LA Industrial Market Heats Up, Office Gets Warm

L.A. office, industrial markets warm up. Includes Real Estate Watch industry performance charts.

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Environmental Consultants Up 2.2% on OC Billings

CH2M holds on for No. 1 spot; list sees 3 newcomers

Environmental consultants up 2.2% on OC billings. Includes the 2013 OC's TOP ENVIRONMENTAL CONSULTANTS COs list for download (pdf)

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By the Numbers - Brea Businesses

There are more than 1,800 businesses in Brea, and they collectively employ about 37,000 people. Includes analysis, charts and figures.

REAL ESTATE DEALS - Feb. 4, 2013

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

WD Thinks Small (and Medium) With Arkeia Buy

Backup Software Fits With Home-Based Business Push

Western Digital thinks small (and medium) with Arkeia buy, in Technology

CALENDAR - Feb. 4-12, 2013

A listing of events happening all around Orange County.

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Potential for Cross Sales Keep Outlook Steady on Quality

Software Maker Also Boosts Recurring Services Revenue

Irvine-based Quality Systems misses earnings expectations—but the market didn’t seem to mind, in Healthcare

AVB Revs Up Sweepstake Promotion With NHRA Tie

Winner of Car Giveaway to Take Stage With Pro Driver

Associated Volume Buyers plans to make the most of its sponsorship of an NHRA team later this year, in Media and Marketing

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New Owners Will Finish Off ‘Museum Masterpiece’

New owners will finish off “museum masterpiece,” in Luxury Homes

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ADDENDUM - February 4, 2013

Other news items of interest from the Orange County Business Journal

Month of Romance Is Here—So Are Romantic Ideas

Chocolate at Cocoa Lounge; Soirees at McCharles House

Month of romance is here—so are romantic ideas, in Executive Dining

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Big Crowd for Business Journal’s CFO Awards

Big crowd for Business Journal’s CFO awards

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Chapman Hires Dean for New Pharmacy School

Chapman hires dean for new pharmacy school

Consent Order, New CEO for US Metro

Consent order, new chief executive for Garden Grove-based US Metro Bank

Sares-Regis Gets 25 Acres in Orange

REAL ESTATE: Investor’s pattern points to industrial redevelopment

Irvine-based Sares-Regis Group gets 25 acres in Orange

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Recovery Finds Buyers With Tri Pointe IPO

Local Vets, East Coast Backer See Strong Start on NYSE

Recovery finds buyers with Tri Pointe IPO

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Yorba Linda Defense Firm Aims for Commercial Markets

TECHNOLOGY: New CEO sees “unmet needs” at plants, factories

Sabtech’s new chief exec is changing the longtime defense industry supplier’s course—starting with its name

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Friday, February 1

OC Automakers See Mixed January Sales

Automakers here posted mixed results for January amid an overall jump in U.S. vehicle sales to start off the year.

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Wet Seal President Resigns; Retailer Trims Workforce

Foothill Ranch-based Wet Seal Inc. announced the departure of President and Chief Operating Officer Ken Seipel in addition to the elimination of 35 positions at the retailer.

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Midday Stock Roundup

The S&P 500 was up 0.98% to 1,513 in midday trading Friday.

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Emulex Down 10% on Current Quarter Outlook

Shares of Costa Mesa-based Emulex Corp. were down about 10% in afternoon trading, a day after the networking equipment maker recorded mixed financial results for the December quarter and gave a revenue and profit outlook in the current quarter below Wall Street expectations.

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St. Joseph Health Hospitals in Medicare Payment Pilot

St. Jude Medical Center, St. Joseph Hospital-Orange and Mission Hospital have been selected to participate in a new payment program by the Centers for Medicare and Medicaid Services.

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Irvine Co. Retail Eyes International Shoppers

Newport Beach-based Irvine Company Retail Properties’ marketing campaign for its Fashion Island and Irvine Spectrum Center is turning its focus to international markets amid a general upswing in tourism here.

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Rutan & Tucker’s Hornak to Chair OCBC

The Orange County Business Council has named attorney Michael Hornak chairman of its board of directors for 2013.

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