Stories for January 2013

Thursday, January 31

Emulex Posts Mixed Results

Costa Mesa-based networking equipment maker Emulex Corp. on Thursday 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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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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Midday Stock Roundup

The S&P 500 was down 0.09% to 1,501 in midday trading Thursday.

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Reports Peg Interim Head for Pimco Equity Funds

Newport Beach-based Pacific Investment Management Co. appointed Marc Seidner as the interim head of global equities, according to recent reports based on “sources familiar with the move.”

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Corinthian Swings to Quarterly Loss

Santa Ana-based Corinthian Colleges Inc. swung to a loss for its December quarter, with $68,000 in red ink compared with a profit of $1.8 million a year earlier.

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JWA Passenger Traffic Up for December, Full Year

John Wayne Airport saw December passenger traffic rise 5.5% from a year earlier to 735,626 passengers.

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Wednesday, January 30

JWA Passenger Traffic Up for December, Full Year

John Wayne Airport saw December passenger traffic rise 5.5% from a year earlier to 735,626 passengers.

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MemorialCare Buys Costa Mesa Office for New HQ

Fountain Valley-based MemorialCare Health System said today that it will move its headquarters to a 180,000-square-foot building it bought in Costa Mesa next to the San Diego (405) Freeway.

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Midday Stock Roundup

The S&P 500 was off 0.03% to 1,507 in midday trading Wednesday.

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Tri Pointe Increases Size of Offering

Irvine-based Tri Pointe Homes LLC is increasing the size of its forthcoming initial public offering, according to regulatory filings.

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Chapman Hires Dean for New Pharmacy School

Chapman University in Orange has hired Ronald Jordan as the founding dean of its School of Pharmacy, which will be the first in Orange County when it opens at the school’s new Health Sciences Campus in the Irvine Spectrum.

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Former Hoag Chief of Staff to Agendia BV

Agendia BV, a Netherlands-based cancer diagnostic laboratory with U.S. headquarters in Irvine, named Dr. Neil Barth as its chief medical officer.

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Fisker Hires Consulting Firm

Anaheim-based Fisker Automotive Inc. has hired Huron Consulting Group Inc. to manage its day-to-day operations and cash reserves while the cash-strapped maker of luxury hybrid automobiles seeks an investor, according to a report from Bloomberg Businessweek.

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Broadcom Beats Q4 Expectations, Revenue Outlook Misses Q1 Target

Irvine-based chipmaker Broadcom Corp. on Tuesday reported fourth-quarter sales and earnings that beat Wall Street expectations and provided a revenue target below estimates for the current quarter.

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Nasdaq Delists Powerwave

Santa Ana-based Powerwave Technologies Inc. has been delisted from the Nasdaq and now is trading on the over-the-counter stock market.

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5 Honored at Business Journal’s 7th Annual CFO Awards

Representatives of the local financial industry and various other segments of the Orange County business community joined to welcome the five winners of the 7th Annual Orange County Business Journal’s CFO of the Year Awards last night.

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Tuesday, January 29

Fisker Hires Consulting Firm

Anaheim-based Fisker Automotive Inc. has hired Huron Consulting Group Inc. to manage its day-to-day operations and cash reserves while the cash-strapped maker of luxury hybrid automobiles seeks an investor, according to a report from Bloomberg Businessweek.

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Tri Pointe Increases Size of Offering

Irvine-based Tri Pointe Homes LLC is increasing the size of its forthcoming initial public offering, according to regulatory filings.

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Broadcom Beats Q4 Expectations, Revenue Outlook Misses Q1 Target

Irvine-based chipmaker Broadcom Corp. on Tuesday reported fourth-quarter sales and earnings that beat Wall Street expectations and provided a revenue target below estimates for the current quarter.

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Chapman Hires Dean for New Pharmacy School

Chapman University in Orange has hired Ronald Jordan as the founding dean of its School of Pharmacy, which will be the first in Orange County when it opens at the school’s new Health Sciences Campus in the Irvine Spectrum.

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Midday Stock Roundup

The S&P 500 was up 0.42% to 1,506 in midday trading Tuesday.

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Mimi's Cafe Parent to Sell Chain for $50M

The parent of Irvine-based Mimi's Cafe announced the sale of the restaurant chain to LeDuff America Inc. of Dallas for $50 million.

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Electric Plans International Growth, New Product Lines

San Clemente-based accessories company Electric has plans to expand its line of accessories as the company focuses on international growth.

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Fisker Sets February Deadline to Find Partner

Anaheim-based Fisker Automotive Inc. hopes to find an investor by next month.

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Urologist Who Founded NB Drug Company Shot Dead

A Newport Beach urologist who founded a drug company that makes a topical spray to treat premature ejaculation was shot and killed yesterday at the offices of his medical practice in the city.

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Monday, January 28

Mimi's Café Parent to Sell Chain for $50M

The parent of Irvine-based Mimi's Cafe announced the sale of the restaurant chain to LeDuff America Inc. of Dallas for $50 million.

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Fisker Sets February Deadline to Find Partner

Anaheim-based Fisker Automotive Inc. hopes to find an investor by next month.

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Midday Stock Roundup

The S&P 500 fell 0.13% to 1,501 in midday trading Monday.

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Regulators Issue Consent Order on Garden Grove Bank

Garden Grove-based US Metro Bank received a consent order from state and federal regulators to address shaky loans and devise a three-year strategic plan, among other requirements.

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Powerwave Files for BK

Shares of Powerwave Technologies Inc. plummeted Monday after the Santa Ana-based company filed for Chapter 11 bankruptcy protection in Delaware.

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Sunday, January 27

Allergan Does $958M Deal With Migraine Franchise in Mind

HEALTHCARE: Inhalable drug key to buy of Mountain View company

Allergan does $958 million deal with migraine franchise in mind

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Foreign-Owned Cos. at Home on OC Hires

Biggest Here Outpace Countywide Jobs Gain in 2012

Local hiring among the largest foreign-owned companies in OC bounced back in 2012 after near freeze in ’11. Includes the 2013 OC's LARGEST FOREIGN-OWNED COs list for download (pdf)

East Coast Mogul Adds to Stake Here in Starwood-LNR Deal

REAL ESTATE: Picks up LNR Commercial, part of Auction.com

East Coast mogul adds to OC stake in Starwood-LNR deal

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More Irvine Co. Apartments Expected on Silicon Valley Site

Tech Tenant’s Move Makes More Apartments an Option

Santa Clara office site bought by Irvine Company likely to be turned into another apartment complex by the developer, in Real Estate

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Legal Challenges: Big Firms Trend Toward Trims on Space

Still Favor Trophy Buildings; Make Room for Move-Ups

Legal challenges: big firms trend toward trims on space

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New Day for Newmark

Brokerage Born Out of Grubb’s BK Has New Financial Footing

SPECIAL REPORT - COMMERCIAL REAL ESTATE UPDATE

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Retail Posts Slight Dip for Q4, Small Gain for Year

Recent vacancies at a number of big-box properties led to 54,678 square feet of negative net absorption in Orange County’s retail market in the fourth quarter.

Q4’s Mixed Picture Includes Signs of Momentum

Gains for OC’s industrial market in Q4 indicates some momentum, falls short of making up for earlier drop-offs

Small Gain on Lease Rates, Big Turn for Office Market

The fourth quarter marked a turning point in the office market as the average lease rate increased for the first time since the beginning of the recession in 2007.

REAL ESTATE DEALS - Jan. 28, 2013

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

CALENDAR - Jan. 28-Feb. 6, 2013

A listing of events happening all around Orange County.

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Dell Takeover Bid Puts Quest in Line for More Change

Buyout Bid Follows $2.4B Deal for Software Maker

Dell takeover bid puts Quest in line for more change, in Technology

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Super Bowl Preview: Peek at OC Brands’ Playbooks

Taco Bell, Hyundai and Kia All Set for Big Game

Super Bowl preview: a peek at OC brands’ playbooks, in Media and Marketing.

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Danaher Boss Puts Conglomerate’s Focus on Beckman

Culp Says Brea Company Part of High-Tech Emphasis

The top executive of Danaher Corp.—which owns Brea-based medical laboratory instrument maker Beckman Coulter Inc. and Orange-based dental device maker Sybron Dental Specialties Inc.—said the two units are contributing to a corporate strategy shift.

ADDENDUM - January 28, 2013

Other news items of interest from the Orange County Business Journal

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Western Digital Workers Raise $1M for OC United Way

Company is 1st to Reach Milestone in 14 Years

PHILANTHROPY Column by Sherri Cruz

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Standard Pacific Gets 475 Acres in Florida

Retired entrepreneur gives $27M to Children’s Hospital of Orange County

$27M Naming Gift for CHOC Tower

Irvine-based Standard Pacific Corp. buys 675 acres of land near Tampa, Fla

Western Digital Buys Software Company

Irvine-based disk drive maker Western Digital Corp. acquires Arkeia Software

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

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

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

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NB Drug Maker Sees Potential in Sexual Medicine

HEALTHCARE: Topical spray developed by Hoag urologist

A Newport Beach-beach based startup drug maker has seen a growth spurt for its offering in the field of sexual medicine.

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Fast Grower Looks to Go Beyond Marijuana Apps to Maintain Pace

MARKETING: SearchCore eyes other segments for finder sites

SearchCore Inc. ditches marijuana business, maps new strategy in other markets

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Brokerage Aims for Small-Business Niche

REAL ESTATE: NY-based CBC Alliance adds Irvine office

New commercial real estate brokerage that serves small businesses sets West Coast operations in OC

Investment Banker Shifts LA Office to Costa Mesa

FINANCE: Davidson moves in wake of McGladrey buy here

D.A. Davidson & Co. shifts its L.A. investment banking office to Costa Mesa

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Kareo Gets $20.5M, Plans New Business Line

HEALTHCARE: Will shift HQ to Park Place around midyear

Irvine-based Kareo Inc. is using a fresh shot of funding to create a new division

Packed Life

2 Boards, 20 Seats, Overlap and OC Names for Biggest Private Company Here

BOARD PROFILES - A look at Newport Beach-based Pacific Mutual Holding Co.’s boards of directors

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NB Investor Tees Off

SPORTS: Concert Golf buys East Coast country club to start $50 million fund

Newport Beach investor tees off with country club buy

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Friday, January 25

QLogic Up on Quarterly Results

Shares of QLogic Corp. surged Friday, a day after the Aliso Viejo-based networking-equipment maker reported revenue and earnings for the December quarter that beat Wall Street expectations.

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Midday Stock Roundup

The S&P 500 was up 0.33% to 1,499 in midday trading Friday.

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Cisco Sells Irvine-Based Linksys Unit

Cisco Systems Inc. has struck a deal to sell its home networking group based in Irvine to Belkin International Inc. in Playa Vista.

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Sunstone Sell 4 Hotels in Minnesota

Aliso Viejo-based Sunstone Hotel Investors Inc. said on Friday that it has entered into agreements to sell a four-hotel portfolio in Rochester, Minn., for $230 million.

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Health Net Reinstates Contract With Tenet Hospitals

Health Net Inc. has signed new multi-year deals with Fountain Valley Regional Hospital and Medical Center, Los Alamitos Medical Center, Placentia-Linda Hospital and eight other California hospitals.

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New CEO for NB Financial Adviser

Newport Beach-based Mischler Financial Group Inc. has promoted Dean Chamberlain to chief executive, a role previously held by founder and Chairman Walter Mischler.

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Thursday, January 24

Health Net Reinstates Contract With Tenet Hospitals

Health Net Inc. has signed new multi-year deals with Fountain Valley Regional Hospital and Medical Center, Los Alamitos Medical Center, Placentia-Linda Hospital and eight other California hospitals.

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Midday Stock Roundup

The S&P 500 fell 0.05% to 1,494 in midday trading Thursday.

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Kashkari Leaves Pimco to Consider Statewide Run as Republican

The managing director who has overseen Newport Beach-based Pacific Investment Management Co.’s equity funds is leaving the company and considering a run for statewide office in California as a Republican.

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Strong Quarter for Western Digital

Irvine-based disk drive maker Western Digital Corp. on Wednesday reported December quarter earnings and revenue that beat Wall Street expectations.

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California Republic Swings to Profit for Q4, Full Year

Irvine-based California Republic Bank reported $5.2 million in profit in the fourth quarter, a swing from a loss of $1.2 million in the year-earlier period.

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

Is your workplace great? We want to know.

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Wednesday, January 23

Strong Quarter for Western Digital

Irvine-based disk drive maker Western Digital Corp. on Wednesday reported December quarter earnings and revenue that beat Wall Street expectations.

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Wall Street Chatter on WD Going Private

A bid to take Dell Inc. private is causing a stir on Wall Street that Irvine-based Western Digital Corp. could follow suit.

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Midday Stock Roundup

The S&P 500 rose 0.06% to 1,494.

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Allergan in $958M Deal for Migraine Drug Maker

Irvine-based drug maker Allergan Inc. said that it will buy Map Pharmaceuticals Inc. for $958 million. Allergan and Mountain View-based Map are working on Levadex, an inhalable treatment for migraine headaches.

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Q4 Profits Up 49% for Pacific Premier Bank

Irvine-based Pacific Premier Bancorp Inc. reported a 49% increase in profit to $3.8 million for the fourth quarter.

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D.A. Davidson Shifts LA Office to OC

D.A. Davidson & Co. has shifted its Los Angeles investment banking office to Costa Mesa in a move to consolidate its Southern California offices.

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Health Software Company Raises $20.5M

Irvine-based Kareo Inc. said today that it raised $20.5 million in equity financing.

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NAMM to Kick Off Convention Center’s Grand Plaza

The Anaheim Convention Center is getting ready to highlight its newly added 100,000-square-foot Grand Plaza with Thursday’s start of one of the major shows on its calendar.

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

Is your workplace great? We want to know.

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Tuesday, January 22

D.A. Davidson Shifts LA Office to OC

D.A. Davidson & Co. has shifted its Los Angeles investment banking office to Costa Mesa in a move to consolidate its Southern California offices.

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Health Software Company Raises $20.5M

Irvine-based Kareo Inc. said today that it raised $20.5 million in equity financing.

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Midday Stock Roundup

The S&P 500 rose 0.22% to 1,489 in midday trading Tuesday.

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Western Digital Buys Carlsbad Software Maker

Irvine-based disk drive maker Western Digital Corp. has acquired Arkeia Software Inc., a Carlsbad-based provider of backup software, on undisclosed terms.

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Standard Pacific Buys 675 Acres in Florida

Irvine-based Standard Pacific Corp. said it has bought 675 acres of land near Tampa, Fla., where it plans to build 1,180 homes.

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

Is your workplace great? We want to know.

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Monday, January 21

Stock Roundup: Markets Closed Today

The stock market was closed Monday for the Martin Luther King Jr. Day holiday.

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CoreLogic Pays $78M for Underwriting Software Maker

Irvine-based CoreLogic Inc. said it paid $78 million for a Middletown, Conn.-based maker of underwriting software.

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New-Car Sales Up 24% Last Year

Sales of new cars at Orange County auto dealers increased nearly 24% in 2012, according to a year-end report from the Newport Beach-based Orange County Automobile Dealers Association.

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

Is your workplace great? We want to know.

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Saturday, January 19

New-Car Sales Up 24% Last Year

Sales of new cars at Orange County auto dealers increased nearly 24% in 2012, according to a year-end report from the Newport Beach-based Orange County Automobile Dealers Association.

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Combat Veteran Finds Community on Campus

UCI Law Student Drawn by School’s Emphasis on Public Service

Combat veteran finds community on campus

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Firms Build Niches on This Side of Chinese Investment

Language Skills, Contacts Over There Seen as Keys

Orange County is squarely amid the ongoing influx of Chinese wealth into the U.S., and some local law offices are building business niches out of the trend.

Inland Empire Closes 2012 With Momentum

REAL ESTATE WATCH: INLAND EMPIRE

Inland Empire closes 2012 with momentum. Includes Real Estate Watch industry performance charts.

Stradling Stays in Newport Center With New Lease

REAL ESTATE: New deal for 66,000 SF at longtime HQ

Stradling Yocca Carlson & Rauth P.C., the largest law firm based in Newport Beach, will keep its headquarters in Newport Center after signing a sizable new office lease.

By the Numbers - Legal Offices in OC

There are more than 3,300 legal offices in Orange County. Includes analysis, charts and figures.

REAL ESTATE DEALS - Jan. 21, 2013

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

Vizio Doubles Down on Tablets With 2 New Versions

Test With 1st Model Limited But Profitable, CTO Says

Vizio doubles down on tablets with two new versions, in Technology

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CALENDAR - Jan. 22-30, 2013

A listing of events happening all around Orange County.

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Wienerschnitzel Goes Howlywood for Calendar Promo

“Ferris Drooler’s Day Off” Part of Playful Approach

Wienerschnitzel goes “Howlywood” for calendar promo, in Media and Marketing

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Allergan Migraine Partner Eyes April for FDA Approval

Will Share Profits on Sales of Inhaled Product

Allergan Inc. migraine partner eyes April for FDA approval, in Healthcare

Calle Isabella Sale Ends ’12 With Bang in San Clemente

$6.1 Million for Home in Nixon’s Old Neighborhood

Calle Isabella sale ends 2012 with a bang in San Clemente, in Luxury Homes

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ADDENDUM - January 21, 2013

Other news items of interest from the Orange County Business Journal

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

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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Edwards Aims for More of Campus Feel for HQ Upgrade

HEALTHCARE: New building, parking structure, green space

Irvine-based heart valve maker Edwards Lifesciences is in the process of adding more office space and a large parking structure

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Quality Systems Eyes ‘Bolt-On Deals,’ Additional Products

HEALTHCARE: Wall Street cools on software maker

Quality Systems’ chief exec says company will be looking for a series of “bolt-on” deals this year

Morgan Lewis Taps Dorsey Contingent

LAW: Recent growth puts firm’s Irvine office among largest here

Morgan Lewis taps Dorsey contingent

CapRock Buy in Placentia Part of Spree for 2013

REAL ESTATE: Irvine firm set $75M benchmark for 2013 buys

Real estate investor CapRock buys six-building portfolio in Placentia as part of an investment spree

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Kiani Also Into Africa; Moorlach’s Citron Meeting

OC INSIDER by Jerry Sullivan

Firms Steady on Attorney Hires; Gain on Support Staff

2-Year Streak of Gains Over; Knobbe Retains No. 1 Position

Firms steady on hires of attorneys; gains on support staff. Includes the 2013 OC's LARGEST LAW FIRMS list for download (pdf)

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Q&A: What's the New Lean?

Business Journal Reporter Jane Yu asked law firms about how they got lean during the downturn, and how those steps carry over into better times.

CT Realty Busy on Industrial Projects Here and There

600,000 SF Under Way in IE; Remodel at Spectrum

CT Realty busy on industrial projects here and there, in Real Estate

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Silicon Valley Puts $35M in Irvine Software Maker

TECHNOLOGY: Norwest has record of profitable exits in tech

A Silicon Valley investor takes a minority stake in Irvine-based software maker Pics Auditing for $35M

Kingston’s New Drive Grabs CES Mindshare

TECHNOLOGY: Holds 1 terabyte, starting price around $2,000

Kingston Technology Inc. has packed the memory capacity of a server into a USB flash drive that can fit in your pocket

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Name Game: Olivet, Naudé Spice Up Billabong Bids

Name game: Olivet, Naudé spice up Billabong bids

AT&T’s 200,000-SF Anaheim Office on Market

Employees at Downtown Building to Other OC Sites

AT&T Inc. is putting its regional HQ office in downtown Anaheim on the sales block

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Symphony’s Symbiotic Relationship

Business Community Gives Crucial Support, Gets Chance to Burnish Image, Boost Recruiting

Orange County can count on its home-grown ensemble Pacific Symphony to get its music fix

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Chapman Law Gets Hands On Entertainment Law With Clinic

Students Work Pro-Bono, Get Experience on Low-Budget Films

Chapman Law gets hands on entertainment law with clinic

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UCI on Track for GC Program

September Start Expected on 2 Certificate Courses

UCI’s School of Law is “well on track” to kicking off the first set of courses for its Center for Corporate Law

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Trials and Reputations

Recent Toyota Settlements Point Up Vibrancy of Local Plaintiffs Bar

Behind the settlements of two lawsuits against Toyota are a couple of OC’S top trial attorneys

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Friday, January 18

New-Car Sales Up 24% Last Year

Sales of new cars at Orange County auto dealers increased nearly 24% in 2012, according to a year-end report from the Newport Beach-based Orange County Automobile Dealers Association.

Jobless Rate Drops to 3-Year Low at 6.8%

The unemployment rate in Orange County fell to 6.8% in December, its lowest level in three years.

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Midday Stock Roundup

The S&P 500 fell 0.01% to 1,481 in midday trading Friday.

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VC Investments Dip to $497M in 2012

Orange County-based companies got $497.2 million in venture capital last year, according to data from Dow Jones Venture Source, a drop off driven in part by the outsized effect of Anaheim-based Fisker Automotive Inc. in recent years.

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

Is your workplace great? We want to know.

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Thursday, January 17

Midday Stock Roundup

The S&P 500 rose 0.60% to 1,481 in midday trading Thursday.

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Robinson Reaches Settlement in Toyota Case

Toyota Motor Corp. has agreed to settle a wrongful death and personal injury case tied to a class-action lawsuit over charges that sudden acceleration on some of its models was occurring due to an electronic defect.

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Real Mex Names Chief Executive

Cypress-based Mexican restaurant chain operator Real Mex Restaurants Inc. named an industry veteran to the top spot, ending a search that began last spring for a new chief executive.

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

Is your workplace great? We want to know.

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Wednesday, January 16

Rancho Santa Margarita Machine Maker Secures Loan for ReFi

Rancho Santa Margarita-based tooling equipment maker ATS Systems Inc. received a $5.5 million loan from Cole Taylor Business Capital, the lending division of Chicago-based Cole Taylor Bank.

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Real Mex Names Chief Executive

Cypress-based Mexican restaurant chain operator Real Mex Restaurants Inc. named an industry veteran to the top spot, ending a search that began last spring for a new chief executive.

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Midday Stock Roundup

The S&P 500 fell 0.05% to 1,472 in midday trading Wednesday.

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Reports Tie Former Oakley CEO to Latest Bid for Billabong

A former chief executive of Foothill Ranch-based Oakley Inc. is being tied to the latest bid for Billabong International Ltd., according to reports.

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Lutz Startup: Karma Body, Corvette Engine

A startup carmaker guided by one of the auto industry’s best-known names is combining the body of Anaheim-based Fisker Automotive Inc.’s Karma sedan with the gasoline-powered engine of a Chevrolet Corvette.

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Irvine Software Company Draws NorCal Investor

A Northern California investment firm has taken a minority stake in Irvine-based software services provider Pics Auditing LLC for $35 million.

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Newport Beach Wealth Manager Buys Seattle Firm

Newport Beach-based private wealth management firm United Capital Financial Advisers LLC has acquired a majority stake in Seattle-based Paragon Investment Management Inc.

More for Sabal’s Infill Lending Program

Newport Beach-based Sabal Financial Group LP has closed the latest set of construction loans, totaling about $31 million, as part of its homebuilder-lending program designed primarily to fund infill developments.

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

Is your workplace great? We want to know.

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Tuesday, January 15

Reports Tie Former Oakley CEO to Latest Bid for Billabong

A former chief executive of Foothill Ranch-based Oakley Inc. is being tied to the latest bid for Billabong International Ltd., according to reports.

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More for Sabal’s Infill Lending Program

Newport Beach-based Sabal Financial Group LP has closed the latest set of construction loans, totaling about $31 million, as part of its homebuilder-lending program designed primarily to fund infill developments.

Midday Stock Roundup

The S&P 500 fell 0.05% to 1,470 in midday trading Tuesday.

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Circuit Board Makers Down on Apple Concerns, ‘Soft Demand’

Orange County’s two largest printed circuit board makers are taking a bruising Tuesday on Wall Street amid softening demand and profit concerns.

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Kaiser Aluminum Hikes Dividend

Foothill Ranch-based Kaiser Aluminum Corp. has increased its quarterly cash dividend to 30 cents per share from 25 cents in the previous payment.

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Georgia Engineering Firm Opens San Clemente Office for San Onofre Work

Enercon Services Inc., an energy consulting firm in Kennesaw, Ga., opened an office in San Clemente to work with Southern California Edison Co. on its San Onofre Nuclear Generating Station, just south of the Orange County line.

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Monday, January 14

Kaiser Aluminum Hikes Dividend

Foothill Ranch-based Kaiser Aluminum Corp. has increased its quarterly cash dividend to 30 cents per share from 25 cents in the previous payment.

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Georgia Engineering Firm Opens San Clemente Office for San Onofre Work

Enercon Services Inc., an energy consulting firm in Kennesaw, Ga., opened an office in San Clemente to work with Southern California Edison Co. on its San Onofre Nuclear Generating Station, just south of the Orange County line.

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Midday Stock Roundup

The S&P 500 was down 0.19% to 1,469 in midday trading Monday.

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Vans Parent Puts in Bid for Billabong

The parent of Cypress-based skate brand Vans Inc. is part of a group that has put up a competing offer for Billabong International Ltd.

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Sunwest Buys Washington Bank From FDIC

Irvine-based Sunwest Bank has acquired the assets and deposits of Westside Community Bank, a University Place, Wa.-based bank that was seized by the Federal Deposit Insurance Corp. last week.

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

Is your workplace great? We want to know.

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Saturday, January 12

Questcor Steps Toward Vertical Integration With Buy

Gets Longtime Contract Manufacturer, Secures IP

Questcor steps toward vertical integration with buy, in Healthcare

25-Acre Raytheon Campus in Fullerton Sold

Hines, Oaktree Team Up to Get 2 Buildings, 405,000 SF

25-acre Raytheon Campus in Fullerton sold

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Hotels Get Lift With Meeting Space Steady for Biggest Here

Hilton Anaheim Moves Into Top Spot With Catalina Room

A standstill in construction of new meeting room space should help hotels continue their recovery into this year. Includes the 2013 OC's LARGEST HOTEL MEETING SPACE list for download (pdf)

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EB-5 Visas Popular With Hotel Investors, Developers

Lending Still Tough; Money From Overseas Gives Boost

EB-5 visa popular with hotel investors, developers

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Great Expectations for Grand Plaza

100,000-SF Outdoor Meeting Space Opens in Advance of NAMM, New Visitor Bureau President’s Arrival

SPECIAL REPORT: MEETINGS & CONVENTIONS - Great expectations for Grand Plaza

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La Vida Laguna: Team-Building Events on Rebound

Events Planner Now Gets 70% of Sales From Corporate Clients

La Vida Laguna: team-building events on rebound

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Ducks’ Drill: Drop Puck, Make Up With Fans

SPORTS: Post-strike marketing plan: “hit it everywhere”

Ducks’ drill: drop puck, make up with fans

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Reflections on Howser; Rogers That on Tri Pointe IPO; Walkie Talks Nice

OC INSIDER Column by Jerry Sullivan

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Vizio’s Next Mountain: Smart Phones in China

TECHNOLOGY: Eyes piece of boom amid crowded field there

Vizio’s next mountain: smart phones in China

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Report Recommends Hoag-St. Joe Network

HEALTHCARE: Conditions on women’s care; decision by Feb. 4

Report recommends Hoag-St. Joe network

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

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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Taco Tech

Why $7B Chain’s Executive Class Works the Counter

Taco Bell doesn’t send its corporate executives to do restaurant work just for show.

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Tri Pointe IPO Could Set Pace for Builders

Tri Pointe Homes LLC in Irvine looks to be the first of several privately held home builders in the area that could tap the public markets to help fund land purchases.

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By the Numbers - Anaheim Businesses

There are more than 8,200 businesses in Anaheim. Includes analysis, charts and figures.

Women of Chapman Bring in $188K at Holiday Lunch

Money Will Help Support University’s Programs

PHILANTHROPY Column by Sherri Cruz

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ADDENDUM - January 14, 2013

Other news items of interest from the Orange County Business Journal

Irvine Packaging Company Buys in Brazil

Irvine packaging company buys in Brazil

Kalogridis to Florida Park, Colglazier New President at Disneyland Resort

Kalogridis to Florida park, Colglazier new president at Disneyland resort

Wet Seal Gets Retail, Fashion Vet as CEO

Wet Seal picks retail, fashion vet as chief executive

Nvision Goes Beyond SoCal Base, Plans More Buys

HEALTHCARE: Eye-surgery chain buys clinics in Sacramento

Nvision goes beyond SoCal base, signals more buys a head

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CES 2013: Locals in Las Vegas

The 2013 International Consumer Electronics Show drew its usual big crowds of tech executives and enthusiasts to Las Vegas.

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Consumer Market Vet to D-Link Helm

TECHNOLOGY: Walthers counts stops at Dell, Linksys

D-Link Systems hires veteran of tech industry’s consumer-electronics segment for its top position in North America

No State Exchange for MemorialCare Health Plan

HEALTHCARE: Will stick with Medi-Cal in new role as insurer

MemorialCare Health System will not offer its new healthcare plan as part of a state-run insurance exchange

Former OCer Back From Texas for $23M Buy of TapIt

New Owner Plans to Fold in Top Execs, Rest of Staff

Former OCer back from Texas for $23 million buy of TapIt, in Technology

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REAL ESTATE DEALS - Jan. 14, 2013

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

Pickup Continues for Mid-Counties Industrial Market

REAL ESTATE WATCH: THE MID-COUNTIES MARKET

Pickup continues for mid-counties industrial market. Includes Real Estate Watch industry performance charts

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Shimano Files for 48,600-SF Expansion in Spectrum

Looks to Add to Warehouse at 100,000-SF Building

Shimano files for 48,600-square-foot expansion in Spectrum, in Real Estate

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CALENDAR - Jan. 14-23, 2013

A listing of events happening all around Orange County.

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Another Exec Hire for Draftfcb’s Creative Makeover

Bryce Rejoins Springer in Shift From LA to Irvine

Another executive hire for Draftfcb’s creative makeover, in Media and Marketing

OC Helps Set Agenda

Trade Show Counts on Local Brands to Help Draw Buyers, Media, Other Visitors

Agenda is among the largest shows on the West Coast for the action-sports industry

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Burress on Move From ‘Mini Anaheim’ to Real Thing

New Visitor & Convention Bureau President on Way

Jay Burress refers to Arlington, Texas, as a “mini” Anaheim.

Elton John to Headline Anniversary Concert for Yamaha at Disney During NAMM Week

Elton John to headline anniversary concert for Yamaha at Disney during NAMM week

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Friday, January 11

Midday Stock Roundup

The S&P 500 fell 0.21% to 1,469 in midday trading Friday.

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Buena Park Bank Sold

Buena Park-based Los Angeles National Bank has been acquired by Royal Business Bank in Los Angeles in an all-cash deal at an undisclosed price.

San Clemente Device Maker Gets FDA Clearance

San Clemente-based VertiFlex Inc. said that it has received Food and Drug Administration clearance for two spinal implant devices.

BJ’s Q4: Sales Up Despite Volatility

Huntington Beach-based BJ’s Restaurants Inc. said same-store sales for its fourth-quarter ended Jan. 1 grew 3% even as the company, along with the rest of the retail and restaurant industry, faced a tough operating environment.

Pacific Sunwear Raises Q4 Guidance on Strong Holiday

Anaheim-based Pacific Sunwear of California Inc. raised its guidance for the fourth quarter in the wake of better-than-expected holiday sales.

Tilly’s Lowers Outlook on Weak Holiday Sales

Irvine-based Tilly’s Inc. lowered its fourth-quarter and full-year guidance following softer-than-expected holiday sales.

OC Companies on Ultra High-Def TV Trend

Orange County-based companies are helping fuel the hype for ultra high-definition TVs—one of the hot trends at the 2013 International Consumer Electronics Show this week in Las Vegas.

Albertsons Grocery Chain Part of $3.3B Sale

The Albertsons grocery store chain—which has its Southern California division headquarters in Fullerton and 35 stores throughout Orange County—is being sold as part of a $3.3 billion deal that includes four other chains.

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

Is your workplace great? We want to know.

Thursday, January 10

Tilly’s Lowers Outlook on Weak Holiday Sales

Irvine-based Tilly’s Inc. lowered its fourth-quarter and full-year guidance following softer-than-expected holiday sales.

Pacific Sunwear Raises Q4 Guidance on Strong Holiday

Anaheim-based Pacific Sunwear of California Inc. raised its guidance for the fourth quarter in the wake of better-than-expected holiday sales.

OC Companies on Ultra High-Def TV Trend

Orange County-based companies are helping fuel the hype for ultra high-definition TVs—one of the hot trends at the 2013 International Consumer Electronics Show this week in Las Vegas.

Midday Stock Roundup

The S&P 500 rose 0.40% to 1,467 in midday trading Thursday.

Broadcom Announces LG Deal, Others at CES

Irvine-based chipmaker Broadcom Corp. will power the first 5G Wi-Fi TV from LG Electronics, the company announced this week at the 2013 International Consumer Electronics Show in Las Vegas.

Islamic Center Honors for Pimco’s El-Erian

Mohamed El-Erian, chief executive of Newport Beach-based Pacific Investment Management Co., has been selected to receive the 2012 American Muslim Achievement Award from the Islamic Center of Southern California.

Wahoo’s to Japan for 1st Restaurant Outside U.S.

Santa Ana-based Wahoo’s Fish Taco has plans to open a restaurant in Japan, its first location outside the U.S.

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

Is your workplace great? We want to know.

Wednesday, January 9

Broadcom Announces LG Deal, Others at CES

Irvine-based chipmaker Broadcom Corp. will power the first 5G Wi-Fi TV from LG Electronics, the company announced this week at the 2013 International Consumer Electronics Show in Las Vegas.

New President for Disneyland Resort; Kalogridis to Florida

Burbank-based Walt Disney Co. announced the appointment of Michael Colglazier to president of the Disneyland Resort in Anaheim, effective Feb. 1.

Midday Stock Roundup

The S&P 500 rose 0.28% to 1,461 in midday trading Wednesday.

Irvine Packaging Company Buys in Brazil

Irvine-based Scholle Packaging Inc. has acquired a controlling interest in a Sao Paulo, Brazil-based packaging manufacturer Flexpack on undisclosed terms.

Elton John Lined Up for Yamaha Anniversary Concert at Disney California Adventure

Buena Park-based musical instrument and audio-visual company Yamaha Corp. of America announced that singer and songwriter Elton John will perform at a 125th anniversary concert for its parent company, Yamaha Corp., on Jan. 25 at the Disney California Adventure in Anaheim.

Quantum in $2.5M Contract With Santa Ana Truck Company

Lake Forest-based Quantum Fuel Systems Technologies Worldwide Inc. got a $2.5 million order to provide fuel-storage systems for GreenKraft Inc., a Santa Ana-based manufacturer of commercial trucks and automotive products.

Brand Affinity Photo Services at CES

Irvine-based advertising and social media company Brand Affinity Technologies Inc. is offering photo services during the 2013 International Consumer Electronics Show in Las Vegas under terms of a deal with the Consumer Electronics Association, the organizer of the event.

Tuesday, January 8

Elton John Lined Up for Yamaha Anniversary Concert at Disney California Adventure

Buena Park-based musical instrument and audio-visual company Yamaha Corp. of America announced that singer and songwriter Elton John will perform at a 125th anniversary concert for its parent company, Yamaha Corp., on Jan. 25 at the Disney California Adventure in Anaheim.

Quantum in $2.5M Contract With Santa Ana Truck Company

Lake Forest-based Quantum Fuel Systems Technologies Worldwide Inc. got a $2.5 million order to provide fuel-storage systems for GreenKraft Inc., a Santa Ana-based manufacturer of commercial trucks and automotive products.

Brand Affinity Photo Services at CES

Irvine-based advertising and social media company Brand Affinity Technologies Inc. is offering photo services during the 2013 International Consumer Electronics Show in Las Vegas under terms of a deal with the Consumer Electronics Association, the organizer of the event.

Midday Stock Roundup

FINANCE: The S&P; 500 fell 0.49% to 1,455 in midday trading Tuesday.

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Wet Seal Names CEO

Foothill Ranch-based teen retailer Wet Seal Inc. named John D. Goodman chief executive, effective Monday.

Martian Watches Hit Vegas as CES Kicks Off

Irvine-based startup Martian Watches made a splash last night when it introduced what it bills as the world’s first smart watch with voice activation.

Ruby's Seal Beach Pier Restaurant Closes

The 25-year-old Ruby's Diner at the Seal Beach pier closed Sunday.

Monday, January 7

Wet Seal Names CEO

Foothill Ranch-based teen retailer Wet Seal Inc. named John D. Goodman chief executive, effective Monday.

Midday Stock Roundup

The S&P 500 fell 0.54% to 1,459 in midday trading Monday.

Ensign Makes 2 Buys

Mission Viejo-based Ensign Group Inc. said it has acquired a home healthcare provider and a hospice operator in separate deals.

Sabra Sees Strong 2013

Irvine-based real estate investor Sabra Health Care REIT Inc. issued a bullish forecast for the year ahead.

Saturday, January 5

Anna’s Linens Pitches Survey, Catches Media Wave

Retail Chain’s Number on Naked Sleepers Hits Big

Anna’s Linens pitches survey, catches media wave, in Media and Marketing

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Robinson Readies for Big Role in Toyota Case; Auto Auction, Anyone?

OC INSIDER Column by Jerry Sullivan

Real Estate: Kevin Baldridge

Irvine Company Leads Apartment Trend—By Design

BUSINESS PEOPLE OF THE YEAR: Real Estate: Kevin Baldridge

Fullerton Deals Carry Apartment Trend to North OC

REAL ESTATE: Market marches on as two deals come to $68.8M

Fullerton deals carry apartment trend to North Orange County

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2013 Board of Achievement

Different Paths to Distinction

BUSINESS PEOPLE OF THE YEAR: 2013 Board of Achievement

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REAL ESTATE DEALS - Jan. 7, 2013

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

Newport Media Gets $10 Million Loan for Global Push

Recent Design Wins Include Big Mobile Phone Makers

Newport Media Inc. gets $10 million loan for global push, in Technology

KBS Stays Busy With Burbank Buy, Sale in Chicago

Affiliate That Takes on More Leasing Risk in Deal

Affiliates of Newport Beach-based KBS Realty Advisors capped off a busy year of transactions, in Real Estate.

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Health Net Ends Contracts With 3 Tenet Hospitals Here

Operator “Puzzled” Over Insurer’s Year-End Move

Health Net ends contracts with three Tenet hospitals here, in Healthcare

CALENDAR - Jan. 7-16, 2013

A listing of events happening all around Orange County.

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Villa Rockledge Skips Auction With $14 Million Sale

European Couple Gets LB Mansion With Pedigree

Villa Rockledge skips auction with $14 million sale, in Luxury Homes

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ADDENDUM - January 7, 2013

Other news items of interest from the Orange County Business Journal

Prego Still Thrills; Mr. Stox Gets Ready for Farewell

Chef Ugo Gets Over Fire; Marshalls Circle March 15

Prego still thrills; Mr. Stox gets ready for farewell, in Executive Dining

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In Memoriam: Dennis Morin, Wonderware Founder

Listed With Edison, Wright Brothers, Gates in Annals of Industrial Automation

Dennis Morin, a leader in Orange County’s burgeoning software industry in the 1980s, passed away last week.

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Restaurants: Greg Creed

Gets Taco Bell Back to Growth With New Product Blitz

BUSINESS PEOPLE OF THE YEAR: Restaurants: Greg Creed

Healthcare: Kevin Hykes

Shepherded Startup Device Maker’s Sale to Boston Scientific

BUSINESS PEOPLE OF THE YEAR: Healthcare: Kevin Hykes

Tourism: George Kalogridis

Big Bet on Cars Land Pays Off

BUSINESS PEOPLE OF THE YEAR: Tourism: George Kalogridis

Finance: Ed Carpenter

His Irvine-Based Fund Builds Banks

BUSINESS PEOPLE OF THE YEAR: Finance: Ed Carpenter

Fast Grower Hits Brakes With BK

MANUFACTURING: Audio firm overstated sales to SEC

AuraSound Inc., a maker of high-end speakers and other audio products, files for Chapter 11 bankruptcy protection

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Pair of North OC Shopping Centers Fetch $55.3M

REAL ESTATE: SD investor also eyes Surf City property

A pair of shopping centers in North Orange County have been bought for a combined price of $55.3 million by a San Diego investor that is also eyeing another property in Huntington Beach.

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Central OC Office Peregrine’s First Local Buy

REAL ESTATE: NB firm hits “sweet spot” in $18.6M deal

Newport Beach-based Peregrine Realty Partners makes first buy in Orange County

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Vintage Coyne

“Crisp Execution” on Hitachi Deal, High Water

BUSINESS PEOPLE OF THE YEAR: Technology: John Coyne

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$53.5M for Corporate Culture Specialist

SERVICES: HB consultancy now part of Heidrick & Struggles

$53.5 million for corporate culture specialist

OC Companies Look for Jump-Start at CES

TECHNOLOGY: Locals aim to make splash, forge deals

Orange County companies look for jump-start at 2013 International Consumer Electronics Show

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R&D Only Exception to Modest Increases in Activity

REAL ESTATE WATCH: WEST ORANGE COUNTY

Industrial submarket of West OC finishes Q3 with inventory of about 40.3 million square feet

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By the Numbers - Orange County Businesses

There are nearly 82,000 businesses in Orange County. Includes analysis, charts and figures.

Friday, January 4

Midday Stock Roundup

The S&P 500 rose 0.27% to 1,463 in midday trading Friday.

OC Brands Help Lift Auto Sales Back to Pre-Recession Levels

Several local automakers rallied in December, helping the industry to its best year for sales nationally since 2007.

Questcor to Pay $51M for Contract Manufacturer

Anaheim-based drug maker Questcor Pharmaceuticals Inc. said it signed an agreement to buy BioVectra Inc.

Thursday, January 3

McKnight to Exec Chairman, Disney Vet New CEO for Quiksilver

Bob McKnight will step down as president and chief executive of Huntington Beach-based Quiksilver Inc., with those posts at the surf and skate apparel brand going to Andy Mooney, a former chairman of consumer products for Walt Disney Co. and marketing executive at Nike Inc.

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Wet Seal Lowers Guidance on Weak December Sales

Foothill Ranch-based teen and contemporary retailer Wet Seal Inc. lowered its guidance for the January quarter after reporting disappointing same-store sales for December.

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Fisker Sues Insurer on Hurricane Sandy Claim

Anaheim-based Fisker Automotive Inc. is suing its insurer over a denial of a claim on damages to 338 of its luxury hybrid Karma sedans during Hurricane Sandy in October.

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Questcor to Pay $51M for Contract Manufacturer

Anaheim-based drug maker Questcor Pharmaceuticals Inc. said it signed an agreement to buy BioVectra Inc.

Midday Stock Roundup

The S&P 500 was up 0.18% to 1,465 in midday trading Thursday.

Aviation Capital Orders $6B Worth of Boeing Jets

Newport Beach-based aircraft leasing company Aviation Capital Group Corp. has placed a $6 billion order with Boeing Co. for 60 aircraft across two types of its new 737 Max model.

Huntington Beach Hospital to Not-for-Profit Status

Huntington Beach Hospital said that it has converted to not-for-profit status from for-profit status.

Universal Protection Makes NY Buy

Santa Ana-based Universal Protection Service has acquired the security officer services division of T&M Protection Resources LLC in New York on undisclosed terms.

Heidrick Struggles Pays $53.5M for HB Consultancy

Senn Delaney Leadership Consulting Group LLC in Huntington Beach has been acquired by Chicago-based executive-search firm Heidrick & Struggles International Inc. in a $53.5 million deal that has the potential to total $75 million depending on milestone payments in the next three years.

Wednesday, January 2

Huntington Beach Hospital to Not-for-Profit Status

Huntington Beach Hospital said that it has converted to not-for-profit status from for-profit status.

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Fisker Sues Insurer on Hurricane Sandy Claim

Anaheim-based Fisker Automotive Inc. is suing its insurer over a denial of a claim on damages to 338 of its luxury hybrid Karma sedans during Hurricane Sandy in October.

Aviation Capital Orders $6B Worth of Boeing Jets

Newport Beach-based aircraft leasing company Aviation Capital Group Corp. has placed a $6 billion order with Boeing Co. for 60 aircraft across two types of its new 737 Max model.

Heidrick Struggles Pays $53.5M for HB Consultancy

Senn Delaney Leadership Consulting Group LLC in Huntington Beach has been acquired by Chicago-based executive-search firm Heidrick & Struggles International Inc. in a $53.5 million deal that has the potential to total $75 million depending on milestone payments in the next three years.

Midday Stock Roundup

The markets were up in midday trading Wednesday on the news that a deal was struck late yesterday to avert the “fiscal cliff.”

Wonderware Founder Morin Passes

Dennis Morin, a leader in Orange County’s burgeoning software scene in the 1980s, died earlier this week after battling cancer.

JWA Sees November Traffic Rise

November passenger traffic at John Wayne Airport increased 6.4% from a year earlier to 750,800.