Stories for July 2013

Wednesday, July 31

New President for Vanguard University

Vanguard University in Costa Mesa has named Michael Beals its new president.

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Smith Micro Announces Cutbacks

Aliso Viejo-based Smith Micro Software Inc. on Wednesday reported second quarter earnings that missed Wall Street expectations and announced plans to close offices and lay off workers amid lackluster sales.

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BJ's Misses on Quarterly Earnings

Shares of Huntington Beach-based restaurant operator BJ's Restaurants Inc. were down in after-hours trading on disappointing results for the quarter ended July 2.

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$47M Buy for Kofax

Irvine-based business software maker Kofax PLC has bolstered its big data offerings with a $47 million buy of a Palo Alto company that makes data integration software.

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Questcor Shares Rise on Acthar Growth

Shares of Anaheim-based drug maker Questcor Pharmaceuticals Inc. shot up nearly 30% today in the wake of better-than-expected second-quarter results driven by strong sales of its sole drug.

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Midday Stock Roundup

The S&P 500 rose 0.21% to 1,689.43 in afternoon trading Wednesday.

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Botox Boosts Allergan’s Q2 Performance

Irvine-based Allergan Inc. today posted second-quarter financial results that exceeded analysts’ forecasts and raised the lower end of its full-year forecast.

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Opus Creates New Divisions, Q2 Profit Up

Irvine-based Opus Bank has restructured its banking divisions, creating a commercial bank and a retail bank under the Opus umbrella and appointing new presidents to head the units.

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Knott's Gears Up for Hiring Spree

Buena Park amusement park Knott's Berry Farm is preparing for a two-day hiring event to fill more than 1,000 temporary slots open for its upcoming Knott's Scary Farm Halloween Haunt.

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SchoolsFirst COO to CEO in Nor Cal

The chief operating officer of Santa Ana-based SchoolsFirst Federal Credit Union has been named chief executive of Patelco Credit Union in Pleasanton.

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Santa Ana Call Center Operator Expands in Fla.

Santa Ana-based Ansafone Contact Centers LLC announced it is opening an administrative center in Ocala, Fla., where it established a call center last year.

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El Pollo Loco Names COO

Costa Mesa-based El Pollo Loco Inc. named Kay Bogeajis chief operating officer.

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Tuesday, July 30

El Pollo Loco Names COO

Costa Mesa-based El Pollo Loco Inc. named Kay Bogeajis chief operating officer.

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Santa Ana Call Center Operator Expands in Fla.

Santa Ana-based Ansafone Contact Centers LLC announced it is opening an administrative center in Ocala, Fla., where it established a call center last year.

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Midday Stock Roundup

The S&P 500 rose 0.19% to 1,688.50 in afternoon trading Tuesday.

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Quantum Plans Reverse Stock Split to Meet Nasdaq Requirement

The board of Lake Forest-based Quantum Fuel Systems Technologies Worldwide Inc. has approved a reverse stock split of its common stock, combining four shares into one.

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CommerceWest Q2 Earnings Up

Irvine-based CommerceWest Bank reported net income of $1.4 million in the second quarter, a 37% increase from the year-ago period.

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Monday, July 29

Midday Stock Roundup

The S&P 500 was off 0.39% to 1,685.03 in afternoon trading Monday.

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Private Equity Takes Stake in Lazy Dog

Los Angeles private equity firm Brentwood Associates bought a stake in Huntington Beach-based Lazy Dog Restaurant & Bar on undisclosed terms.

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Westminster Mall Names GM

Indianapolis-based Simon Property Group Inc. named Kevin Caulson general manager of Westminster Mall, where he will oversee leasing and marketing, among other duties.

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Fullerton Rope Services Company Sold

Global Ascent Inc., a rope-access services firm in Fullerton, has been acquired by Alvin, Texas-based Team Inc. on undisclosed terms.

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ReVision Raises $55M

ReVision Optics Inc., a Lake Forest-based eye device maker, said today that it raised $55 million in equity funding.

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Sunday, July 28

Versant Gives Mazzo Room to Operate

HEALTHCARE: VC firm creates new role for former Abbott Medical boss

Veteran medical device executive James Mazzo will bring his “operational guy” perspective to startup companies in Orange County and beyond in his latest role.

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Fountain Valley Hospital Names CEO

Fountain Valley Regional Medical Center said last week that B. Joseph Badalian will become its chief executive, effective Aug. 5.

MEDL Raises $2 Million for Subsidiary

Fountain Valley-based developer of mobile applications MEDL Mobile Inc. has raised $2 million in an initial round of funding for its Hang With subsidiar

Solis Capital Partners Sells Tigers Ltd.

Newport Beach-based private equity firm Solis Capital Partners LLC sold its majority interest in Tigers Ltd.,

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Investor Buys Into Auto Parts Network

Laguna Beach-based Maguire Asset Management LLC bought a 5.1% stake in Carson-based U.S. Auto Parts Network Inc.

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Irvine Startup Aims to Dissolve Plaque

HEALTHCARE: Begins initial test on compound for heart drug

Irvine-based startup drug maker AtheroNova Inc. recently started a first-stage, human clinical trial of its AHRO-001 compound in Russia in a bid to develop a treatment for atherosclerosis...

Marketing Departments Grow Up

OC Takes Up Trend Toward In-House Staffs, Ad Shops as Supplements

Online Trading Academy in Irvine had just a couple of employees in its marketing department when it hired Rhythm Interactive to work on its digital advertising strategy in 2010.

Arlon Graphics Takes Growth Plan to Placentia

REAL ESTATE: Plans more hires at one-time Knott’s plant

Arlon Graphics LLC is moving its growing local operations from Santa Ana to Placentia after inking a deal to lease a former production facility for Knott’s Berry Farm jams and preserves.

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Political Ricochet for Rohrabacher? Wing’s Secret

OC INSIDER Column by Jerry Sullivan

100 Pass ‘Best’ Test

Employees Give Record Number of Local Companies Nods in 3 Categories

This week’s Business Journal lists includes 100 companies that earned the distinction, the highest number yet for the annual compilation, which started in 2009 with 40 companies. Includes the 2013 OC's BEST PLACES TO WORK list for download (pdf)

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Bargain Price Still Biggest for Hotel This Year

HOSPITALITY: Special servicer pays $36.2 million

Sheraton Park Hotel at the Anaheim Resort, a 490-room hotel next to the Anaheim Convention Center, has traded hands in one of the larger sales of a distressed real estate property Orange County has seen this year.

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Irvine Company in Rare Property Swap

REAL ESTATE: 4-building trade with Burnham in Newport Center

Four low-rise buildings in Newport Center—Orange County’s most exclusive and expensive office market—have seen an ownership change without a single dollar trading hands.

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St. John Makeover Has Global Look

APPAREL: New investor from China; chair, chief executive bring Paris ties

The arrival of new top executives and a Chinese investor who has taken a minority stake in St. John Knits International Inc. point to an ambition for international expansion at the Irvine-based fashion house.

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Health Essentials Names Executives

Managed care startup Health Essentials named a trio of top executives last week.

Small Benefits Company Supports Employees’ Goals

Provides Them With Tools, Affords Work-Life Balance

Bill Thomas had a decision to make: Three highly regarded insurance services companies were asking him to join their team as he looked to make a job change.

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Care for Clients Grows Firm, Makes Workers Happy

Jeffer Mangels Chooses Staffers Who Like People

Jeffer Mangels, or JMBM, was founded more than 30 years ago by Bruce Jeffer, Robert E. Mangels, Jim Butler and Burton A. Mitchell.

Little Architectural Company Is Big With Employees

Risk Taking, Camaraderie Empower Its Staff

The title partner and Costa Mesa office president of Little describes how he temporarily left the company more than two decades ago

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How Best Companies Make Lists

The Business Journal’s Best Places to Work lists are the result of months of surveying workers and management at local employers. Includes the 2013 OC's BEST PLACES TO WORK list for download (pdf)

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Benck’s Engineering Creds Bode Innovation for Emulex

Background Makes CEO Look For Relevance

Jeff Benck’s ascension through the executive ranks at Emulex Corp. was nearly identical to that of his predecessor, Jim McCluney, but their types of expertise are quite different, in the Technology Column

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Types of Tenants Reflect Local Job Market’s Revival

Employment, Landscaping Services in Area

Orange County’s job market is set to continue its growth, if the office expansion of a locally based provider of employment background screening services is any indication, in the Real Estate Column

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Market Conditions Improve in the Inland Empire

REAL ESTATE WATCH: Inland Empire

The Inland Empire’s industrial market continues to display growth midway through the year. Includes Real Estate Watch industry performance charts.

Tustin Ad Shop on AQMD’s First Latino Campaign

Messages Will Promote Pollution-Cutting Ways

Tustin-based alPunto Advertising Inc. launched the first campaign for the South Coast Air Quality Management District that targets Latino-Americans, in the Media & Marketing Column

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New Slate Eases Quality Systems Board Tensions

Agrees With Investor on Several Candidates

Irvine-based Quality Systems Inc. blunted what could have been yet another proxy fight this month, in the Healthcare Column

CALENDAR - July 29-August 7, 2013

A listing of events happening all around Orange County.

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ADDENDUM - July 29, 2013

Other items of interest in the Orange County Business Journal

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PHILANTHROPY July 29, 2013

Keeping Up Appearances; Fighting Alzheimer’s; $245K to 15 Charities; An Enduring Message; Driving Expansion

Fastest-Growing Private Companies Wanted for Annual List

The Business Journal is producing the seventh annual list of the fastest-growing privately held companies set to appear as the centerpiece of a Special Report in its Sept. 23 issue.

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Johnson Capital Starts Banking Division

Irvine-based real estate advisory firm Johnson Capital launched a division that will provide investment-banking services to commercial and residential real estate companies.

Simon Property Names Mall Manager

Indianapolis-based Simon Property Group Inc. moved the head of its Westminster Mall to the general manager position at its Brea Mall this month.

Friday, July 26

Fullerton Rope Services Company Sold

Global Ascent Inc., a rope-access services firm in Fullerton, has been acquired by Alvin, Texas-based Team Inc. on undisclosed terms.

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Midday Stock Roundup

The S&P 500 slipped 0.37% to 1,683.98 in afternoon trading Friday.

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Englebrecht Announces Run for NPB Council

Boxing promoter Roy Englebrecht said he intends to run for an open seat on the Newport Beach City Council in 2014.

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CleanTech OC Names New Chief

CleanTech OC in Irvine has appointed Scott Kitcher as its new executive director, succeeding Taylor Honrath, who left to start graduate school.

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Thursday, July 25

Tough First Half for Volcom, Electric

Costa Mesa-based Volcom Inc. and Electric Visual of San Clemente saw their revenue fall in the first half of the year on a tough business environment in North America and Europe.

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Edwards Lifesciences Q2 Profit Leaps

Shares of Irvine-based Edwards Lifesciences Corp. are up slightly after yesterday's report of second-quarter earnings and revenue that beat Wall Street expectations and reaffirmed its outlook.

JWA June Traffic Rises 3%

Passenger traffic at John Wayne Airport rose 3.4% to 811,447 in June.

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Microsemi Beats on Earnings, In Line on Sales

Aliso Viejo-based chipmaker Microsemi Corp. beat Wall Street’s expectations on earnings and about met the mark on sales for the June quarter.

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QLogic Beats on Q1 Profit

Aliso Viejo-based networking equipment maker QLogic Corp. beat Wall Street estimates on earnings for the June quarter.

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Midday Stock Roundup

The S&P 500 rose 0.13% to 1,688.10 in afternoon trading Thursday.

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Ingram Shares up 8% on Q2 Results

Santa Ana-based Ingram Micro Inc. shares were up about 8% in afternoon trading Thursday on strong earnings and indications its longstanding operational troubles in Australia are improving.

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Western Digital Beats Street in June Quarter

Western Digital Corp. on Wednesday reported June quarter revenue and adjusted profits that beat Wall Street expectations.

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New CEO at Fountain Valley Regional Medical Center

Fountain Valley Regional Medical Center said today that B. Joseph Badalian will become its chief executive, effective Aug. 5.

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Kaiser Aluminum Misses Q2 Estimates

Kaiser Aluminum Corp. missed analyst expectations with decreased profit and sales in the second quarter.

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Fainbarg’s $250,000 for Santa Ana College Matched

The Santa Ana College Foundation gave $250,000 to the school’s scholarship campaign, matching the most recent donation by Allan and Sandy Fainbarg of Newport Beach.

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Wednesday, July 24

Fainbarg’s $250,000 for Santa Ana College Matched

The Santa Ana College Foundation gave $250,000 to the school’s scholarship campaign, matching the most recent donation by Allan and Sandy Fainbarg of Newport Beach.

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Western Digital Beats Street in June Quarter

Western Digital Corp. on Wednesday reported June quarter revenue and adjusted profits that beat Wall Street expectations.

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Mixed Q2 for Ingram Micro

Santa Ana-based Ingram Micro Inc. on Wednesday reported mixed financial results for the second quarter and indicated its longstanding operational troubles in Australia are improving.

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Midday Stock Roundup

The S&P 500 fell 0.45% to 1,684.75 in afternoon trading Wednesday.

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Broadcom Shares Slide on Worries Over Apple Business

Shares of Broadcom Corp. continued to slide in afternoon trading Wednesday, a day after the Irvine-based chipmaker reported mixed financial results for the second quarter and provided a revenue outlook in the current quarter below Wall Street expectations.

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California Republic Bank Posts Increased Profit

Irvine-based California Republic Bancorp posted $2.8 million in net income for the second quarter, nearly triple its profit for the same period a year ago.

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Sunwest Exec Leaves for Chinese-American Bank

Sunwest Bank veteran Brian Constable has joined Los Angeles-based Chinatrust Bank to head its retail banking business.

Santa Ana Managed Care Startup Names Executives

Santa Ana-based managed care startup Health Essentials today named a trio of top executives.

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Fountain Valley App Developer Gets $2M in Funding

Fountain Valley-based developer of mobile applications MEDL Mobile Inc. has raised $2 million in an initial round of funding for its Hang With subsidiary.

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Solis Capital Sells Majority Stake in Transportation Company

Newport Beach-based private equity firm Solis Capital Partners LLC has sold its majority interest in Tigers Ltd., a Hong Kong-based transportation and logistics company, to GeoPost S.A. in France.

Irvine Real Estate Advisory Starts New Division in L.A.

Irvine-based real estate advisory firm Johnson Capital has launched a new division that will provide investment-banking services to commercial and residential real estate companies.

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Q2 Profit Up for Plaza Bank

Irvine-based Plaza Bank reported increased earnings for the second quarter.

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Tuesday, July 23

Irvine Real Estate Advisory Starts New Division in L.A.

Irvine-based real estate advisory firm Johnson Capital has launched a new division that will provide investment-banking services to commercial and residential real estate companies.

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Solis Capital Sells Majority Stake in Transportation Company

Newport Beach-based private equity firm Solis Capital Partners LLC has sold its majority interest in Tigers Ltd., a Hong Kong-based transportation and logistics company, to GeoPost S.A. in France.

Broadcom Shares Slide on Worries Over Apple Business

Shares of Broadcom Corp. continued to slide in afterhours trading Tuesday after the Irvine-based chipmaker reported mixed financial results for the second quarter.

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Midday Stock Roundup

The S&P 500 was down 0.06% to 1,694.49 in afternoon trading Tuesday.

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Magic Johnson Enterprises President Joins Irvine Bank as Director

Irvine-based Banc of California Inc. has named Eric Holoman, president of Magic Johnson Enterprises Inc., director and chair of its newly created Community Reinvestment Act Committee.

Pacific Premier Loans, Deposits Up in Q2

Pacific Premier Bancorp Inc. reported increased loans and deposits in the second quarter, and attributed a net loss in the period to acquisition-related expenses.

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Billabong Closes on Dakine Sale, Refinancing

The parent of Irvine-based Billabong USA completed new financing and the sale of its outdoor accessories brand Dakine.

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Taco Bell Nixes Kid's Meals

Irvine-based Taco Bell Corp. has started the process of discontinuing kid's meals and toys at its restaurants.

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St. John Names CEO

Irvine-based luxury label St. John Knits Inc. tapped a former Louis Vuitton president as chief executive.

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Quiksilver to Pay $3.6M in Trademark Infringement Case

A jury ruled against Huntington Beach-based Quiksilver Inc. in a trademark infringement case involving its now-defunct VSTR brand.

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Johnny Rockets Names CFO

Aliso Viejo-based Johnny Rockets Group said it hired Gary Campanaro as its chief financial officer.

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Monday, July 22

Magic Johnson Enterprises President Joins Irvine Bank as Director

Irvine-based Banc of California Inc. has named Eric Holoman, president of Magic Johnson Enterprises Inc., director and chair of its newly created Community Reinvestment Act Committee.

Billabong Closes on Dakine Sale, Refinancing

The parent of Irvine-based Billabong USA completed new financing and the sale of its outdoor accessories brand Dakine.

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Johnny Rockets Names CFO

Aliso Viejo-based Johnny Rockets Group said it hired Gary Campanaro as its chief financial officer.

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Taco Bell Nixes Kid's Meals

Irvine-based Taco Bell Corp. has started the process of discontinuing kid's meals and toys at its restaurants.

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Midday Stock Roundup

The S&P 500 rose 0.16% to 1,694.83 in afternoon trading Monday.

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Brea Mall Gets New GM

Indianapolis-based Simon Property Group Inc. moved the head of its Westminster Mall to the general manager position at its Brea Mall earlier this month.

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Laguna Beach Firm Buys Stake in Auto Parts Seller

Laguna Beach-based Maguire Asset Management LLC bought a 5.1% stake in Carson-based U.S. Auto Parts, according to a recent filing with the Securities & Exchange Commission.

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Saturday, July 20

Construction Up Across Sectors, But Retail Lags

REAL ESTATE WATCH: Orange County Construction

Commercial property under construction in Orange County totaled nearly 2.8 million square feet at the end of the first quarter. Includes Real Estate Watch industry performance charts.

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Lazy Dog Stirs With New Name, NorCal Expansion

RESTAURANTS: HB-based chain sales pegged at $60M

The Cajun-seasoned French fries with a side of chipotle ranch and wok-fired calamari at Lazy Dog Restaurant & Bar are far from cafe fare.

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Buy of Costa Mesa Headquarters Sounds Logical to QSC

Audio Equipment Maker Gets 50,000 Square Feet

QSC Audio Products LLC, a privately held maker of amplifiers, speakers and other sound systems has bought the Costa Mesa building that it had been leasing for its headquarters, in the Real Estate column.

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Positive Perception Beats Summer Lull on Luxe Sales

Time on Market Sees Big Dip From Year Earlier

Orange County homes priced at $4 million or more are selling at a faster clip this summer than the same time a year ago, in the Luxury Homes column

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Creative Types’ Drive for Open, Fun Spaces Fuels Trend

Traditional Industries Stick With Old-School Offices

SPECIAL REPORT - INTERIOR DESIGN & Construction: Ready at Dawn’s headquarters looks as much bar-and-game venue as office.

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Irvine Company Keeps Housing Pipeline Full

REAL ESTATE: Ready to send next plan for North Irvine to city

Grading work could begin as early as next month for a new, 300-acre housing development by the Irvine Company along Jeffrey Road in North Irvine.

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REAL ESTATE DEALS - July 22, 2013

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

ADDENDUM - July 22, 2013

Other items of interest in Orange County Business Journal

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By the Numbers - ORANGE COUNTY OFFICE TENANTS

Orange County has more than 26,900 tenants in nonmedical office buildings. Includes analysis, charts and figures.

By the Numbers - OC GENERAL CONSTRUCTION CONTRACTORS

There are more than 1,500 general construction contractors in Orange County. Includes analysis, charts and figures.

By the Numbers FOUNTAIN VALLEY BUSINESSES

There are more than 1,700 businesses in Fountain Valley, and they collectively employ nearly 22,000 people. Includes analysis, charts and figures.

SEC Ruling Expected to Benefit Startup Funding

Ad Ban on Fundraising Solicitations Lifted

Hedge funds, venture capitalists and private equity firms should be able to funnel more investments to local tech startups and early-stage companies, in the Technology column

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CALENDAR - July 22-31, 2013

A listing of events happening all around Orange County.

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Fixer-Upper Contractors Post Biggest Gain in Decade

Increase Concentrated at the Biggest Companies

Orange County’s largest tenant improvement contractors last year had their busiest year for billings in more than a decade. Includes the 2013 OC's LARGEST TENANT IMPROVEMENT CONTRACTORS list for download (pdf)

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Irvine Travel Agency Grows With Buys

Irvine-based LUXE Travel Management inked a deal for a Florida travel agency that’s expected to boost the company’s offerings in the leisure market.

Nine Leave Stradling to Form New Firm

LAW: Get best wishes, open next-door in Newport Center

A group of nine attorneys has left Stradling Yocca Carlson & Rauth PC in Newport Beach to establish Stuart Kane LLP, a boutique firm that’s set up shop next-door in Newport Center

St. John Knits Search Begins for New Chief

Irvine-based high-end knitwear maker St. John Knits last week said its chief executive will step down at the end of this month

Benck’s First Task at Emulex: Push Endace Line

TECHNOLOGY: Touts potential of deal that sparked dissidents

The new chief executive of networking gear maker Emulex Corp. has placed a high priority on integrating a recent acquisition that his predecessor pushed and investors criticized.

Consolidation, New Name for First Pac

FINANCE: Banc of California up to $3.2 billion in assets

Key acquisitions have helped the Irvine-based parent of Pacific Trust Bank triple its assets over the past year, and now it is moving to consolidate the gains.

JPMorgan Chase Sticks With Alton Corporate Plaza

REAL ESTATE: Data indicates lone 100,000 SF+ lease this year

JPMorgan Chase & Co.’s new lease for its banking and mortgage operations in Irvine looks to be the largest office lease reported in Orange County so far this year.

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New Boss Puts Stamp on Abbott Medical

HEALTHCARE: Simhambhatla builds legacy with pair of buys

Murthy Simhambhatla took over the top job at Abbott Medical Optics from Jim Mazzo six months ago with word that he planned to focus on “building on the foundation” laid by his prominent predecessor.

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Link Takes Personal Interest in Strathspey’s Self-Pay Play

Pioneer of OC Device Industry to Chair “Lifestyle Medicine” Investor’s Initial Foray

Newport Beach-based private equity investor Strathspey Crown Holdings LLC has established its first “lifestyle medicine” company and landed one of Orange County’s most prominent medical device investors and executives as its chairman.

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Billabong Gets More OC Flavor With Pick for New CEO

APPAREL: Former Oakley boss likely to run Aussie brand from here

The monthslong drama over the fate of action-sports apparel maker and retailer Billabong International Ltd. looks set to end with an Orange County executive running the Australia-based company

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Samsung’s OC Dreamers

R&D Engineers Keep Low Profile at Irvine High Rise

A team of engineers in Irvine is part of the brain trust behind new products and potential business lines for the world’s largest technology company.

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Boost Mobile Campaign ‘Robs’ Customers in Reverse

Ads Send Message It Saves Them Money Over Others

Feeling robbed by your cellphone company? Then come to Boost Mobile LLC, the wireless service provider suggests in three TV spots that launched last week, in the Media & Marketing column

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Supreme Court Ruling Sets Off Genetic-Testing Fight

Companies Say Ambry’s Tests Still Infringe Patents

Salt Lake City-based Myriad Genetics Inc. this month sued Ambry Genetics Corp., an Aliso Viejo-based testing provider, on allegations of patent infringement, in the Healthcare column

Friday, July 19

Laguna Beach Firm Buys Stake in Auto Parts Seller

Laguna Beach-based Maguire Asset Management LLC bought a 5.1% stake in Carson-based U.S. Auto Parts, according to a recent filing with the Securities & Exchange Commission.

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Brea Mall Gets New GM

Indianapolis-based Simon Property Group Inc. moved the head of its Westminster Mall to the general manager position at its Brea Mall earlier this month.

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Midday Stock Roundup

The S&P 500 fell 0.10% to 1,687.74 in afternoon trading Friday.

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Acacia Shares Tumble on Q2 Results

Shares of Acacia Research Corp. continued to slide Friday, a day after the Newport Beach-based company reported second-quarter revenue and net income that missed Wall Street expectations.

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Jobs, Jobless Rate Both Up in June

The unemployment rate in Orange County went up in June despite an increase in the number of jobs, indicating the pool of job seekers has grown.

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OC Car Sales Up 13.4% in 1st Half

Sales of new cars at Orange County auto dealers increased 13.4% in the first half of 2013, according to a year-end report from the Newport Beach-based Orange County Automobile Dealers Association.

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Thursday, July 18

OC Car Sales Up 13.4% in 1st Half

Sales of new cars at Orange County auto dealers increased 13.4% in first half of 2013, according to a year-end report from the Newport Beach-based Orange County Automobile Dealers Association.

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Jobs, Jobless Rate Both Up in June

The unemployment rate in Orange County went up in June despite an increase in the number of jobs, indicating the pool of job seekers has grown.

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Midday Stock Roundup

The S&P 500 rose 0.39% to 1,687.50 in afternoon trading Thursday.

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St. John Knits Appoints Industry Vet to Board Chair

The former head of global beauty products company Coty Inc. was appointed chairman of Irvine-based high-end knitwear maker St. John Knits International Inc.

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Billabong Update: Company Rejects Alternative Financing Offer

The parent of Irvine-based Billabong USA confirmed it received and rejected an alternative proposal from Centerbridge Partners LP and Oaktree Capital Management LP.

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Resources Connection Shares Dip on Revenue, Earnings Declines

Irvine-based professional services firm Resources Connection Inc. reported a drop in revenue and earnings for its fiscal year through May.

AlPunto Launches AQMD Campaign

Tustin-based AlPunto Advertising Inc. launched the first campaign for South Coast Air Quality Management District that targets Latinos.

Wednesday, July 17

AlPunto Launches AQMD Campaign

Tustin-based AlPunto Advertising Inc. launched the first campaign for South Coast Air Quality Management District that targets Latinos.

Resources Connection Shares Dip on Revenue, Earnings Declines

Irvine-based professional services firm Resources Connection Inc. reported a drop in revenue and earnings for its fiscal year through May.

Midday Stock Roundup

The S&P 500 rose 0.32% to 1,681.65 in afternoon trading Wednesday.

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Villaraigosa Joins Irvine Bank as Adviser

Irvine-based Banc of California Inc. has tapped former Los Angeles Mayor Antonio Villaraigosa as strategic adviser to its chief executive, Steve Sugarman.

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St. John Knits Begins Search for New CEO

Irvine high-end knitwear maker St. John Knits said its chief executive plans to step down at the end of the month.

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Tustin Manufacturer Lands $21M Navy Contract

Tustin-based contract manufacturer Design West Technologies Inc. received a $20.9 million contract from the U.S. Navy to assemble, test and package communication transponder systems.

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Luxe Travel Buys Florida Travel Agency

Irvine-based LUXE Travel Management inked a deal for a Florida travel agency that is expected to boost the company's offerings in the leisure market.

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TSA PreCheck Expands at JWA

An expedited screening program will expand to Terminal B at John Wayne Airport on Wednesday.

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El Pollo Loco Names CFO

Costa Mesa grilled chicken chain El Pollo Loco Inc. appointed a former executive of fast-food chain operator Yum! Brands Inc. to be its chief financial officer.

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Meade Agrees to Sale for $5.5M

Irvine-based telescope maker Meade Instruments Corp. has agreed to a sale to Sunny Optics Inc., part of Ningbo Sunny Electronic Co. in Zhejiang, China.

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Tuesday, July 16

Luxe Travel Buys Florida Travel Agency

Irvine-based LUXE Travel Management inked a deal for a Florida travel agency that is expected to boost the company's offerings in the leisure market.

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TSA PreCheck Expands at JWA

An expedited screening program will expand to Terminal B at John Wayne Airport on Wednesday.

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Meade Agrees to Sale for $5.5M

Irvine-based telescope maker Meade Instruments Corp. has agreed to a sale to Sunny Optics Inc., part of Ningbo Sunny Electronic Co. in Zhejiang, China.

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St. John Knits Begins Search for New CEO

Irvine high-end knitwear maker St. John Knits said its chief executive plans to step down at the end of the month.

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El Pollo Loco Names CFO

Costa Mesa grilled chicken chain El Pollo Loco Inc. appointed a former executive of fast-food chain operator Yum! Brands Inc. to be its chief financial officer.

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Tustin Manufacturer Lands $21M Navy Contract

Tustin-based contract manufacturer Design West Technologies Inc. received a $20.9 million contract from the U.S. Navy to assemble, test and package communication transponder systems.

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Midday Stock Roundup

The S&P 500 was off 0.58% to 1,672.68 in afternoon trading Tuesday.

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Opus Forms CRE Unit, Part of Overall Structuring Effort

Opus Bank in Irvine has created a commercial real estate unit, the latest in the company’s ongoing efforts to reinforce its corporate structure.

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Former Oakley Boss Named Billabong CEO

Australia-based Billabong International Ltd. named former Oakley Inc. head Scott Olivet to the top spot at the struggling surfwear company as part of a $294 million bridge loan deal.

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Benck Replaces McCluney as CEO of Emulex

Jeffrey Benck’s promotion to chief executive at networking equipment maker Emulex Corp. was among a cascade of leadership changes the Costa Mesa-based company announced after the close of trading Monday.

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PacTrust Parent to Change Name

Irvine-based First PacTrust Bancorp Inc. will change its corporate name to Banc of California Inc.

Monday, July 15

Billabong Halts Trading on Potential Refinancing, Sale Update

The parent of Irvine-based Billabong USA requested a halt on trading of its shares in Australia late Monday.

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Benck Replaces McCluney as CEO of Emulex

Jeffrey Benck’s promotion to chief executive at networking equipment maker Emulex Corp. was among a cascade of leadership changes the Costa Mesa-based company announced after the close of trading Monday.

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Growth Trend Continues for OC Hotels

Orange County hotel rates and occupancy levels continued their rise in May.

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Jewish School in Irvine Names New CEO

Private Jewish day school Tarbut V’Torah in Irvine has named longtime teacher Jeffrey Davis its new chief executive. Tarbut also named a handful of new directors to the school’s board.

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Midday Stock Roundup

The S&P 500 rose 0.10% to 1,681.89 in afternoon trading Monday.

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Abbott Laboratories Makes Two Deals

Abbott Laboratories, owner of Santa Ana-based Abbott Medical Optics, said today that it's recently made deals to buy two eye care businesses.

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OC Visitors Association Names CEO

The Orange County Visitors Association board of directors appointed industry veteran Ed Fuller to lead the organization as its chief executive and president.

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Sunday, July 14

Pasternack Picks New CEO, President

Irvine-based microwave components manufacturer Pasternack Enterprises Inc. has promoted Terry Jarnigan from president to chief executive.

Big Sale in Little Saigon: Apartments Fetch $43.5M

REAL ESTATE: HSBC sells to local buyers for $302K per unit

The largest residential real estate project to be built in Little Saigon in more than a decade has traded hands for $43.5 million.

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By the Numbers ORANGE COUNTY CPA FIRMS

There are more than 1,300 CPA firms in Orange County. Nearly 70% have one to four workers. Includes analysis, charts and figures.

Private Equity Firm Purchases Tool Maker

Newport Beach-based private equity firm Windjammer Capital Investors acquired Component Hardware Group Inc. in Lakewood, N.J. on undisclosed terms.

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By the Numbers - LAGUNA NIGUEL BUSINESSES

There are more than 1,400 businesses in Laguna Niguel. Includes analysis, charts and figures.

REAL ESTATE DEALS - July 15, 2013

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

Guthrie Development Reboots With Familiar Brea Buy

Ex-Owner Plans Upgrade, Sale to Another Owner-User

Irvine-based Guthrie Development Co. is returning to a familiar property for its first acquisition in several years in the Real Estate Column.

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Upcoming Conference Call Window Into STEC Buy

Western Digital Execs Face Questions on Decision

Company watchers will be tuned in to next week’s conference call with Western Digital Corp. executives, as plenty of questions remain unanswered concerning its pending buy of STEC Inc. in Santa Ana, in the Technology Column.

Mid-Counties Industrial Market Continues Recovery

REAL ESTATE WATCH: THE MID-COUNTIES MARKET

The Mid-Counties industrial market that straddles Los Angeles and Orange counties has continued its steady recovery through the first quarter. Includes Real Estate Watch industry performance charts.

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CALENDAR - July 15-24, 2013

A listing of events happening all around Orange County.

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Taco Bell Takes to Instagram for Quesadilla Party

Event Aimed to Kickstart Fare With Social Media

Taco Bell Corp.’s biggest online fans helped launch the company’s newest addition to its Cantina Bell menu, in the Media & Marketing Column

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Device Makers Get Chance to Make Pitches for Cash

Startup Booster Hosting Annual Forum in Irvine

Medical device startups will make their way to Irvine this fall in a bid to get money, in the Healthcare Column

Firms Manage to Grow Along With Their Clients

Management Consultants Gain From Others’ Spending

SPECIAL REPORT - ACCOUNTING: The largest management consulting firms in Orange County collectively grew local employment over the past year. Includes the 2013 OC's LARGEST MANAGEMENT CONSULTANTS list for download (pdf)

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Accounting Firms Keep Adding Up New Employees

Those in OC Continue Hiring Trend After Cuts

SPECIAL REPORT - ACCOUNTING: Orange County accounting offices continue to grow, expanding employment for a second year in a row after a three-year string of job cuts during the recession. Includes the 2013 OC's LARGEST ACCOUNTING FIRMS list for download (pdf)

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Q&A: Hotels - Accountants Foresee More Positive Changes to Come

As Economy Improves, They Get More Business

SPECIAL REPORT - ACCOUNTING: The Business Journal recently asked executives at six Orange County accounting offices to talk about client and industry developments they’re anticipating for the second half of the year.

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PHILANTHROPY July 15, 2013

The PHILANTHROPY Column by Kim Haman

ADDENDUM - July 15, 2013

Other news items of interest from the Orange County Business Journal

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Fastest-Growing Private Companies Wanted for Annual List

Centerpiece of Sept. 23 Special Report

The Business Journal is producing the seventh annual list of fastest-growing privately held companies set to appear as the centerpiece of a Special Report in its Sept. 23 issue.

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SJC Camera Maker Names Chief

San Juan Capistrano-based network camera manufacturer IQinVision named Charles Chestnutt its president and chief executive.

Acacia Research Names New Head

Acacia Research Corp. veteran Matthew Vella will succeed Paul Ryan as chief executive of the Newport Beach-based company.

Allergan Math: Shares Down, Interest Up

HEALTHCARE: Trim to market cap means more potential suitors

The field of potential Big Pharma suitors for Irvine-based Allergan Inc. could widen in the wake of the company’s stock price drop over the past few months.

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Wang in New Yorker; Mussallem in Aliso Creek; Price is Right

OC INSIDER Column by Jerry Sullivan

Covenant’s Equation: Hoag + St. Joseph= New Option for Employers

The recent round of protests sparked by a decision to shift abortion services away from Hoag Memorial Hospital Presbyterian in Newport Beach is enough to make some observers wonder about its decision to join with St. Joseph Health to create Covenant Health Network.

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LA Fitness Takes Crown to Go With Park Place Flagship

SERVICES: Chain tabbed as biggest in nation by gym count, revenue

A new flagship gym going up next to LA Fitness’ Park Place headquarters looks set to cap an impressive year of growth for the Irvine-based fitness chain.

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Blackstone Lender Taps Irvine Firm on ‘Buy-to-Rent’

FINANCE: Johnson Capital to arrange funding for bulk home buys

Irvine-based real estate advisory firm Johnson Capital has been tapped as the primary source of funding for a residential “buy-to-rent” lender recently established by one of the world’s largest private equity firms.

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China Play

Tustin-Based Theme Park Specialist Works On Great Wall Project

Giving a centuries-old engineering marvel a fresh identity as a tourist magnet is the challenge for two Tustin-based tourism and entertainment firms.

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Quiksilver Prices $500M Private Offering

Huntington Beach-based action-sports apparel maker and retailer Quiksilver Inc. said it’s looking to raise some $500 million through a private offering.

Meade Board Urges Rejection of MIT Bid

The board of directors of Irvine-based Meade Instruments Corp. asked the telescope maker’s shareholders to reject the cash bid of VictoryOne Inc. and instead vote in favor of an earlier offer by JOC North America LLC.

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Western Digital Gets Another SSD Maker

Western Digital Corp. acquired a Massachusetts startup that specializes in optimization software for solid-state drives. Financial terms weren’t disclosed.

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Irvine-Based Men’s Salon Gears Up for Nat’l Franchise Push

SERVICES: 18ǀ8 looks to build brand with high-end concept

Scott Griffiths starts off speeches about his salons with two “truths”: “One is, you don’t go through a woman’s purse, and, two, you don’t go to a woman’s salon.”

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IT Firm Adds Staff, Eyes $50M in Sales

TECHNOLOGY: Irvine-based InfoTrust spun off French firm

An Irvine-based IT provider is on a hiring push in the wake of a recent acquisition and eyeing expansion into the U.K. as demand increases for mobile services.

Friday, July 12

Versant Ventures Taps Mazzo for New Position

Menlo Park-based Versant Ventures said today that veteran Orange County medical device executive James Mazzo has been named an operating partner in its Newport Beach office.

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Edwards Wins German Patent Battle with Medtronic

A German court ruled today that a patent owned by Irvine-based heart device maker Edwards Lifesciences Corp. was infringed upon by rival Medtronic Inc.

Midday Stock Roundup

The S&P 500 was down 0.02% to 1,674.61 in afternoon trading Friday.

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Opus Taps Wells, Sunwest Execs for New Division

Irvine-based Opus Bank has created Opus Financial Partners, a merchant-banking division that will focus on advisory and consulting services.

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Quiksilver Prices Private Offering

Huntington Beach-based action-sports apparel maker and retailer Quiksilver Inc. priced its recently announced private offering.

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Thursday, July 11

Opus Taps Wells, Sunwest Execs for New Division

Irvine-based Opus Bank has created Opus Financial Partners, a merchant-banking division that will focus on advisory and consulting services.

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Midday Stock Roundup

The S&P 500 rose 0.97% to 1,668.61 in afternoon trading Thursday.

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Griffin-American Enters United Kingdom with Buy

Griffin-American Healthcare REIT II Inc., a Newport Beach-based real estate investor, said today that it is buying 44 senior housing and care facilities in England, Scotland and the Channel Island of Jersey for about $447.8 million.

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Taco Bell Bright Spot for Yum Brands Parent

Irvine-based Taco Bell Corp. saw same-store sales grow 2% for the quarter ended June 15.

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Laguna Hills Mall Owner's Vision for Renovation Released

Renderings released for the renovation of the Laguna Hills Mall provide a look at what new owner Merlone Geier Partners hopes to do with the property to boost traffic.

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Wednesday, July 10

Windjammer Acquires N.J. Company

Newport Beach-based private equity firm Windjammer Capital Investors has acquired Component Hardware Group Inc. in Lakewood, N.J. on undisclosed terms.

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Midday Stock Roundup

The S&P 500 was down 0.15% to 1,649.82 in afternoon trading Wednesday.

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Western Digital in Another SSD Buy

Western Digital Corp. has acquired a Massachusetts start-up that specializes in optimization software for solid state drives.

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Quiksilver Plans $500M Private Offering

Huntington Beach-based action-sports apparel maker and retailer Quiksilver Inc. said it's looking to raise some $500 million through a private offering.

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Irvine Electronic Components Maker Names CEO, President

Irvine-based microwave components manufacturer Pasternack Enterprises Inc. has promoted Terry Jarnigan from president to chief executive.

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Tuesday, July 9

Midday Stock Roundup

The S&P 500 rose 0.63% to 1,650.81 in afternoon trading Tuesday.

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Acacia Research Names New Head

Acacia Research Corp. veteran Matthew Vella will succeed Paul Ryan at the helm of the Newport Beach-based company.

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SJC Camera Maker Names CEO

San Juan Capistrano-based network camera manufacturer IQinVision named Charles Chestnutt its president and chief executive.

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Meade Shareholders Urged to Reject MIT Capital Bid

The board of directors of Irvine-based Meade Instruments Corp. has asked the telescope maker’s shareholders to reject the cash bid of VictoryOne Inc. and instead vote in favor of an earlier offer by JOC North America LLC.

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Fastest-Growing Private Companies Wanted for Annual List

The Business Journal is looking for Orange County-based companies that have seen their yearly sales grow rapidly from mid-2011 to mid-2013 for our seventh annual list of fastest-growing privately held companies.

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Monday, July 8

Meade Shareholders Urged to Reject MIT Capital Bid

The board of directors of Irvine-based Meade Instruments Corp. has asked the telescope maker’s shareholders to reject the cash bid of VictoryOne Inc. and instead vote in favor of an earlier offer by JOC North America LLC.

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SJC Camera Maker Names CEO

San Juan Capistrano-based network camera manufacturer IQinVision named Charles Chestnutt its president and chief executive.

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Acacia Research Names New Head

Acacia Research Corp. veteran Matthew Vella will succeed Paul Ryan at the helm of the Newport Beach-based company.

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Midday Stock Roundup

The S&P 500 was up 0.46% to 1,639.34 in afternoon trading Monday.

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Local VC Firms in $20M Funding Round for SJC Software Startup

Three local venture capital firms participated in a $20 million funding round for San Juan Capistrano-based technology startup Predixion Software Inc.

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Saturday, July 6

REAL ESTATE DEALS - July 8, 2013

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

Mark IV Envisions HQ, More at Koll Center Newport

REAL ESTATE: About half of building to be offered for lease

Mark IV Capital Inc. is moving ahead with plans for the first office to be built in the Koll Center Newport business park in more than six years.

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Greenlaw Sells 10 Acres in IBC for Residential Plan

REAL ESTATE: Keeps another 13; set for buy of City Plaza in Orange

Newport Beach-based Greenlaw Partners LLC and its financial partners have closed on the sale of a 10-acre office site in the Irvine Business Complex

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Three Dots Mulls Return to Retail Game

APPAREL: Garden Grove company opens pop-up shop

Three Dots LLC, the Garden Grove-based maker of high-end tops, tanks and other basics, has dipped a toe back into retail.

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Women-Owned Businesses Reach $3B

Largest Here Account for More Than 22,000 Jobs

SPECIAL REPORT - WOMEN-OWNED BUSINESSES: The 81 largest women-owned businesses based in Orange County combined for $3 billion in revenue in 2012, a 10.6% gain from a year earlier. Includes the 2013 OC's TOP WOMEN-OWNED BUSINESSES list for download (pdf)

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Luxury Homes Gain Notice as Alternative Investments

Recent Strength Brings Investors as Buyers

There are several reasons for the luxury home market’s swift acceleration since early 2012, including the strengthening economy, a decrease in inventory and the attention of foreign buyers, particularly those from Asia, in the Luxury Homes column

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Wanted by Women Owners in Healthcare: More Peers

See Need for Networking to Offset Sense of Isolation

SPECIAL REPORT - WOMEN-OWNED BUSINESSES: Orange County’s healthcare sector has been known for its share of female executives over the years, including several at the top of the area’s major hospitals.

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Natural Relationship Skills Build Portfolios of the Rich

Women Thrive Managing Wealthy Families’ Money

SPECIAL REPORT - WOMEN-OWNED BUSINESSES: Patricia Soldano has built a successful career managing the personal finances of some of the country’s wealthiest people, rising to the top levels of the profession in Southern California.

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By the Numbers - WOMEN-OWNED BUSINESSES IN OC

SPECIAL REPORT - Orange County has more than 18,000 women-owned businesses, and they collectively employ roughly 152,000 people. Includes analysis, charts and figures.

West Orange County Vacancies Decline Across Sectors

REAL ESTATE WATCH: WEST ORANGE COUNTY

West Orange County’s industrial submarket has about 40.3 million square feet. Includes Real Estate Watch industry performance charts.

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Irvine Firm Eyes Historic Oregon Mill for Mixed Use

Company Says It Takes On Challenging Infill Projects

Eclipse Development Group, an Irvine-based company that focuses on retail and mixed-use redevelopment projects in challenging locations, has its eyes on a notable waterfront project near Portland, Ore. in the Real Estate column

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Alternative Technology, Epicor Strike Interim Deal

Agreement Allows for Customizing, Consulting

Aliso Viejo-based Alternative Technology Solutions Inc. has struck an agreement that allows it to continue to serve Epicor Software Corp. customers while a lawsuit between the two companies proceeds, in the Technology column

Edwards, Avanir Win Overseas Product Approvals

They Plan Marketing Sales For Key Device, Drug

Two Orange County healthcare companies are basking in overseas approvals of their key products, in the Healthcare coulmn.

CALENDAR - July 9-17 and July 21, 2013

A listing of events happening all around Orange County.

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Local Agency’s Ad Innovation Lands at US Airports

Pays for ‘Free’ Wi-Fi With Ads Tracking Users’ Paths

MediaShift Inc., a digital ad tech company headquartered in Newport Beach, has launched Premier Airport Network, in the Media & Marketing column

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ADDENDUM - July 8, 2013

Other news items of interest from the Orange County Business Journal

Register Parent Plans Long Beach Paper

Freedom Communications Inc. will expand to Long Beach on Aug. 1 with a yet-to-be-named daily newspaper,

Huntington Beach Hires Head Marketer

The Huntington Beach Marketing and Visitors Bureau hired the former head of the Tampa Bay visitors bureau in Florida to be its president and chief executive.

CoreLogic Pays $661M for 3 Acquisitions

Irvine-based CoreLogic Inc. is buying a trio of data and analytics businesses from Fort Worth, Texas-based TPG Capital’s Decision Insight Information Group

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Insurance Network Expands NY Reach

Buena Park-based insurance agency network Confie Seguros Insurance Services acquired CW Baker Insurance Agency Inc. and Lewiston Insurance Agency Inc., both in New York.

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Tricky Parcel Now Civic Heart of Newport Beach

$130M Exercise in “Humane Modernism” Invites Public With Transparent Design

When the City of Newport Beach began conceiving a new civic center, the planners envisioned not just a building but a new civic heart for the community.

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Alere Industrial Plans Measure in Millions

REAL ESTATE: Buys 1M SF in Santa Ana, eyes same in IE

Newport Beach-based Alere Property Group LLC has bought a portfolio of industrial buildings in Santa Ana totaling more than 1 million square feet

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Simon Celebrates In Style; Sir Bruno; Monsignor’s Gift

OC INSIDER Column by Jerry Sullivan

OC’s Other Lenders: Cars, Coins—and Mortgages, of Course

Complement Recent Growth as Regional Banking Hub

Orange County’s lending landscape goes beyond its growing status as a regional hub of commercial banking.

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Saunders Pays $46M for Mobile Home Park in Huntington Beach

REAL ESTATE: 18.2 acres next to pending Pacific City development

Saunders Property Co. has acquired the 256-unit Pacific Mobile Home Park, which is next to the Pacific City development site in Huntington Beach.

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Goldwater’s Gal

‘Entrepreneurial Spirit’ in Shadow of Father’s Political Fame

SPECIAL REPORT - WOMEN-OWNED BUSINESSES: Growing up in a household that viewed individualism as a political principal certainly helped shape Peggy Goldwater's winding career path.

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Friday, July 5

Midday Stock Roundup

The S&P 500 rose 0.63% to 1,625.53 in afternoon trading Friday.

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Hang Ten Founder’s New Line Targets ‘Gentleman Surfer’

The founder of the Hang Ten and Lightning Bolt clothing lines is looking for a third hit.

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Wednesday, July 3

Emulex Up on Word of Possible Sale

Shares of networking equipment maker Emulex Corp. surged Wednesday on reports the Costa Mesa-based company hired Goldman Sachs to seek a potential sale.

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Irvine Employment Screening Specialist Could Fetch $1B

Irvine-based employment screening company HireRight Inc. is on the sales block and could go for as much as $1 billion, according to a Reuters report.

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More Cuts at Quiksilver

Huntington Beach-based Quiksilver Inc. continued to make cuts to its workforce a little more than a month after unveiling a turnaround plan that continues to focus on growth of its three core brands.

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OC Automakers See Mixed June Results

The U.S. auto industry got off to a strong start for the summer even as local automakers’ saw mixed results in June.

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Ensign Group Buys Washington Nursing Home

Ensign Group Inc., a Mission Viejo-based healthcare services company, said today that it bought a nursing home in Washington.

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Midday Stock Roundup

The S&P 500 was up 0.08% to 1,615.41 in afternoon trading Wednesday.

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Irvine-based Accounting Firm Joins Marcum

Irvine-based accounting firm WilsonMorgan LLP has merged into the Orange County office of New York-based Marcum LLP.

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Tuesday, July 2

More Cuts at Quiksilver

Huntington Beach-based Quiksilver Inc. continued to make cuts to its workforce a little more than a month after unveiling a turnaround plan that continues to focus on growth of its three core brands.

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OC Automakers See Mixed June Results

The U.S. auto industry got off to a strong start for the summer even as local automakers’ saw mixed results in June.

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Irvine Employment Screening Specialist Could Fetch $1B

Irvine-based employment screening company HireRight Inc. is on the sales block and could go for as much as $1 billion, according to a Reuters report.

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Irvine-based Accounting Firm Joins Marcum

Irvine-based accounting firm WilsonMorgan LLP has merged into the Orange County office of New York-based Marcum LLP.

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Midday Stock Roundup

The S&P 500 rose 0.25% to 1,618.96 in afternoon trading Tuesday.

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New CEO for Toshiba America Business Solutions

Company veteran Scott Maccabe has been named chief executive of Irvine-based Toshiba America Business Solutions Inc.

Sabra Loans Money, Buys Nursing Home

Irvine-based Sabra Health Care REIT Inc. said today that it loaned $12.4 million to a Baltimore-based company in a deal that includes an option to buy up to $50 million of property within the company’s portfolio.

Freedom Hires Publisher for Long Beach Daily

Freedom Communications Inc. will expand to Long Beach with a yet-to-be-named daily newspaper on August 1, according to the publisher hired to oversee the effort.

HB Visitors Bureau Names CEO

The Huntington Beach Marketing and Visitors Bureau hired the former head of the Tampa Bay visitors bureau to be its president and chief executive.

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Monday, July 1

Freedom Hires Publisher for Long Beach Daily

Freedom Communications Inc. will expand to Long Beach with a yet-to-be-named daily newspaper on August 1, according to the publisher hired to oversee the effort.

Sabra Loans Money, Buys Nursing Home

Irvine-based Sabra Health Care REIT Inc. said today that it loaned $12.4 million to a Baltimore-based company in a deal that includes an option to buy up to $50 million of property within the company’s portfolio.

New CEO for Toshiba America Business Solutions

Company veteran Scott Maccabe has been named chief executive of Irvine-based Toshiba America Business Solutions Inc.

HB Visitors Bureau Names CEO

The Huntington Beach Marketing and Visitors Bureau hired the former head of the Tampa Bay visitors bureau to be its president and chief executive.

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Midday Stock Roundup

The S&P 500 rose 1.07% to 1,623.53 in midday trading Monday.

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CoreLogic Buying 3 Data Analysis Firms for $661M

Irvine-based CoreLogic Inc. is buying a trio of data and analytics businesses for a combined $661 million.

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Skilled Chief Executive Retiring; CFO Leaving

Skilled Healthcare Group Inc., a Foothill Ranch-based nursing home operator, said today that Chief Executive Boyd Hendrickson will retire at the end of the year.

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Newport Beach Wealth Management Firm in Atlanta Buy

Newport Beach-based private wealth management firm United Capital Financial Advisers LLC has acquired PPA Advisors Inc. in Atlanta on undisclosed terms.

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Buena Park Insurance Firm Buys in New York

Buena Park-based insurance agency network Confie Seguros Insurance Services has acquired CW Baker Insurance Agency Inc. and Lewiston Insurance Agency Inc., both in New York.

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MemorialCare Foundation Gets Into Imaging

Tustin-based MemorialCare Medical Foundation said today that it entered a joint venture with Phoenix-based SimonMed Imaging to operate five imaging centers in Orange and Los Angeles counties.