Stories for March 2013

Sunday, March 31

Western Digital’s Next Target: Brand Identity

MARKETING: Television, print ads seek to avoid commodity status

Western Digital Corp.’s next target: brand identity

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Commercial Real Estate Brokers on Roller Coaster of Change

Mergers and Acquisitions Squeezing Out Midsize Firms, Creating Churn

SPECIAL REPORT - COMMERCIAL LEASING GUIDE: New firms for familiar faces

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Irvine Co. Seems Set for Orchard Hills Homes Reboot

Pace Speeds Up Ahead of Cypress Village Opening

Irvine Company seems set for Orchard Hills homes reboot, in Real Estate

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Spot On

Early Pick of Niche Market Key to Virtium’s Growth

EXCELLENCE IN ENTREPRENEURSHIP AWARDS: Phu Hoang knows how to pick his spots

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By the Numbers - OC's Class A Office Tenants

Orange County has more than 3,700 tenants in class A office buildings. Includes analysis, charts and figures.

REAL ESTATE DEALS - April 1, 2013

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

Broadcom Corp. Reaping Rewards of Smartphone War

Samsung Helped Company Achieve $8B Sales Record

Broadcom Corp. reaping rewards of smartphone war, in Technology

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R&D Sector Finishes 2012 With Momentum

REAL ESTATE WATCH: Research AND Development Space

Research and development sector finishes 2012 with momentum. Includes Real Estate Watch industry performance charts.

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Thermador Offers Designers $100,000, Trip to Irvine

Appliance Maker Times Contest With New Product

Thermador offers designers $100,000, trip to Irvine, in Media and Marketing

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Dendreon Says Provenge Now OK on Reimbursements

Marketing Campaign Planned for Prostate Cancer Drug

Dendreon says Provenge now OK on reimbursements, in Healthcare

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CALENDAR - April 1-9, 2013

A listing of events happening all around Orange County.

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A Mixed Year in Commercial Property Management

Continued Lack of Development Causes Modest Portfolio Dips

SPECIAL REPORT - COMMERCIAL LEASING GUIDE: Property managers steady in 2012. Includes the 2013 OC's LARGEST COMMERCIAL PROPERTY MANAGERS list for download (pdf)

Technological Features Figure Into Newport Coast Sales

iPad Controls Theater in 1, Other is “Smart Home”

Technological features figure into Newport Coast sales, in Luxury Homes

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ADDENDUM - April 1, 2013

Other news items of interest from the Orange County Business Journal

Famous Chefs Set to Wield Knives Live For Charity

Fifty Shades of Food Event Set for April 26 in Anaheim

Famous chefs set to wield knives live for charity, in Executive Dining

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Corinthian Sees Danger in Vocational Gap

EDUCATION: Company says lack of public options costly

Corinthian Colleges Inc. sees danger in vocational gap

Greenberg, Gross to Look Both Ways on Trial Work

LAW: Partners see opportunity to go on “offense” for plaintiffs

Greenberg, Gross to look both ways on trial work

HB Ad Shop Sets Pace on ‘Got Milk’ Campaign

ADVERTISING: Campaigns’ focus aligns with Latino theme

Huntington Beach ad shop sets pace on “Got Milk?” campaign

Villa’s Root System Leads to Coldwell; Saywitz the Seer

OC INSIDER Column by Jerry Sullivan

CSUF Says Business Confidence at Height Not Seen Since 2004

ECONOMY: Greater certainty on taxes helps; outlook up across board

Cal State Fullerton says business confidence at height not seen since 2004

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OrigAudio Passes Sound Check

Speaker Maker Builds on Early Publicity Boost

EXCELLENCE IN ENTREPRENEURSHIP AWARDS: OrigAudio has a vintage SoCal tech startup story

MS International’s Building Blocks

Shah Took Black Granite to Next Level With Move Into Household Market

EXCELLENCE IN ENTREPRENEURSHIP AWARDS: Manu Shah took black granite to next level with move into household market

Rough Takeoff to Smooth Sailing

Rabin Pilots JetSuite to Steady Growth

EXCELLENCE IN ENTREPRENEURSHIP AWARDS: JetSuite’s Keith Rabin piloted private jet charter to steady growth

CiTrials’ Winning Mix: Science, Patient Care

Founder Juggled Duties on Way to “Something More Meaningful”

EXCELLENCE IN ENTREPRENEURSHIP AWARDS: Debra Hoffmeyer juggled duties on way to “something more meaningful”

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Real Estate Brokers Continue Gains

Third Sales Uptick in a Row Centers on Apartments

SPECIAL REPORT - COMMERCIAL LEASING GUIDE: Apartment deals power gains for brokers. Includes the 2013 OC's LARGEST COMMERCIAL REAL ESTATE BROKERS list for download (pdf)

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New Brokerage Out to Shake Up Luxury Market

Villa Taps Local Vets, Deep-Pocketed Backer

Villa Real Estate out to shake up luxury market

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Friday, March 29

Jobless Rate Falls to 6.5%

A gain of 14,300 jobs in February helped push Orange County’s unemployment rate down to 6.5% from a revised 7.1% in January.

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Midday Stock Roundup

The markets are closed today in observance of Good Friday.

Thursday, March 28

Report: Fisker Considers BK

Anaheim-based luxury hybrid automaker Fisker Automotive Inc. has retained a legal team to work on a potential bankruptcy filing, according to a Wall Street Journal report based on information from “people familiar with the matter.”

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First American Names New CFO, Board Member

Santa Ana-based title insurance company First American Financial Corp. has named Mark Seaton as its new chief financial officer.

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Midday Stock Roundup

The S&P 500 was up 0.15% to 1,565.17 in afternoon trading Thursday.

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Fisker Calls Weeklong Furlough

Anaheim-based luxury hybrid automaker Fisker Automotive Inc. has instituted a weeklong furlough of its U.S. employees to save money.

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PacMerc Adds Director

Costa Mesa-based Pacific Mercantile Bancorp has named Stephen Yost a director for the bank holding company and also for its Pacific Mercantile Bank subsidiary.

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Wednesday, March 27

Ceradyne Lands $40M Body-Armor Contract

Costa Mesa-based Ceradyne Inc. received a contract from the U.S. government to supply more than $40 million worth of body armor plates to the Afghani military.

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Midday Stock Roundup

The S&P 500 was down 0.33% to 1,558.55 in afternoon trading Wednesday.

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The Ranch Gets Mr. Stox’ Recipes, Wine List

A recently closed stalwart of the fine-dining landscape in North Orange County will see its legacy carried on at a new entry about a mile away.

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Nieto Gives Demo of Progress on ALS

Corona del Mar resident and fitness-equipment entrepreneur Augie Nieto demonstrated the progress he has made against amyotrophic lateral sclerosis—or Lou Gehrig’s disease—by doing leg lifts at the International Health, Racquet & Sportsclub Association’s annual show earlier this month in San Diego.

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Tuesday, March 26

UCI Gets Hellman Fellowships

Tenure-track faculty at UC Irvine got a $1.25 million boost from a private foundation to “position their research careers for long-term success.”

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Midday Stock Roundup

The S&P 500 was up 0.44% to 1,558.45 in afternoon trading Tuesday.

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Vanguard U. Seeks New President

Vanguard University in Costa Mesa has begun a search for a new president to replace Carol Taylor, who has accepted the same post at Evangel University in Springfield, Mo.

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Monday, March 25

Blizzard Game Sees Brisk Sales

Sales for Blizzard Entertainment Inc.’s new release, StarCraft II: Hearts of the Swarm, are off to a strong start, raking in more than $44 million in its first two days.

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Ensign to Sell Urgent-Care Franchise

Mission Viejo-based Ensign Group Inc. has agreed to sell its Doctors Express Inc. urgent-care franchise system to American Family Care Inc. in Birmingham, Ala.

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JWA Passenger Traffic Up in February

Passenger traffic at John Wayne Airport rose 6.5% in February from a year earlier, to 653,118.

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Green Automotive Secures $3M in Financing

Start-up Green Automotive Co. has secured $3 million in financing from Kodiak Capital Group LLC for business development and general corporate purposes in a deal between two Newport Beach-based companies.

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Midday Stock Roundup

The S&P 500 was down 0.53% to 1,548.59 in afternoon trading Monday.

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Tokyo Exec to Chairman at Yokohama Tire in Fullerton

A one-time president and chief executive of Fullerton-based Yokohama Tire Corp. will return to the company as chairman and executive adviser.

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Sunday, March 24

Thompson National in Struggle on Loans for Retail REIT

REAL ESTATE: Dividends on hold; reports point to asset sale

Investment fund run by Thompson National Properties is facing loan trouble

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Busy Moms’ Accessory: Entrepreneurial Spirit

MARKETING: Yorba Linda pair carve direct-sales niche

Busy moms’ accessory: entrepreneurial spirit

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Deal Expected for Central OC Tower

REAL ESTATE: Greenlaw eyed as buyer for 19-story office

The City Plaza tower in Orange is up for sale

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Deal for Strawberry Brand in Placentia Tracks Back to Area’s Agricultural Roots

Strawberry producer SGF Produce Holdings LLC in Placentia has been acquired by San Mateo-based buyout firm Paine & Partners LLC on undisclosed terms.

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By the Numbers - Fullerton Businesses

There are more than 3,100 businesses in Fullerton. Includes analysis, charts and figures.

By the Numbers - OC Wealth Managers

Orange County has more than 1,000 wealth managers. Includes analysis, charts and figures.

REAL ESTATE DEALS - March 25, 2013

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

Report: DJM in Talks on Deal at Lido Marina Village

Would Add to Recently Acquired Pacific City Land

Report: A potential property sale in Lido Village could add another notable redevelopment project to the marina-centric area, in Real Estate

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Iteris Sees Private-Sector Potential in Traffic Software

Bulk of Revenue So Far on Sales to Public Agencies

Iteris sees private-sector potential in traffic software, in Technology

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Manufacturing and Warehousing Gained Momentum in Q4

REAL ESTATE WATCH: Manufacturing & Warehouse

Manufacturing and warehousing gained momentum in fourth quarter. Includes Real Estate Watch industry performance charts.

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CALENDAR - March 25-April 3, 2013

A listing of events happening all around Orange County.

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Skiver Says Touché to SNL’s Meyers on Hooters Hit

Agency Goes to YouTube on Behalf of New Client

Skiver says touché to SNL’s Seth Meyers on Hooters hit, in Media and Marketing

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Alliance Ahead of Initial Projections for Cost Cutting

“Strategic Pruning” of Customer Base Key Factor

Newport Beach-based Alliance HealthCare Services Inc. has surpassed its cost-cutting goal, in Healthcare

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SD Wealth Management Firm Starts OC Push in Brea

SERVICES: Affiliates with former Morgan Stanley team

SPECIAL REPORT - WEALTH MANAGERS: San Diego-based Washington Wealth Management LLC has pegged Brea as the starting point of its push into Orange County. Includes the 2013 OC's TOP WEALTH MANAGERS list for download (pdf)

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Profiles of Top Pros

A Look at Members of the Business Journal’s List

SPECIAL REPORT - WEALTH MANAGERS: Profiles

Wealth Managers Hire as Baby Boomers Reach Retirement

Post-Recession Trust Factor Adds Fuel to Ongoing Trend

SPECIAL REPORT - WEALTH MANAGERS: Hiring push as baby boomers reach retirement

ADDENDUM - March 25, 2013

Other news items of interest from the Orange County Business Journal

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OC Heart Walk Raises Record $1.6M to Fight Disease

Companies Enter Teams in Heart Association Event

PHILANTHROPY Column by Kim Haman

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New Managing Editor, Reporter Join Staff

The Orange County Business Journal has added two newspaper veterans to its editorial staff.

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Billabong Executive to Electric Visual

APPAREL: Electric Visual named a former Billabong International Ltd. executive to head its Europe, Middle East and Africa business.

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Honored Entrepreneurs Dispense Tips

Members of OC business community celebrate winners of Business Journal’s Excellence in Entrepreneurship Awards

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Anaheim HVAC Firm Adds in Southeast

Anaheim company takes another step in an expansion strategy that targets the Southeastern U.S.

TTM Cuts China Capacity With Joint-Venture Swap

TECHNOLOGY: Circuit board maker to get $84 million in deal

Costa Mesa-based circuit board maker TTM Technologies Inc. will cut its production capacity in China

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Mr. Stox to Stock Edwards’ Ranch; Ducks Big Bucks

OC INSIDER Column by Jerry Sullivan

Olen Turns to Lending; $100M for Downtown Deals in LA, Chicago

REAL ESTATE: Includes hotel, property pegged as “apparel campus”

Olen Properties Corp. has another growing line of business: lending.

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Studio System in Spectrum

Blizzard’s Game Development Resembles Hollywood

MEDIA Studio system in Spectrum

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Friday, March 22

Jobless Rate Up on Revised Data

Orange County’s unemployment rate ticked up in January, as an annual revision of data showed 28,000 fewer jobs compared with a month earlier.

Midday Stock Roundup

The S&P 500 rose 0.66% to 1,555.93 in afternoon trading Friday.

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Culley to COO at Sole Technology

Lake Forest-based action sports shoe and clothing maker Sole Technology Inc. named veteran executive Diem Culley chief operating officer.

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JWA Settlement Agreement Extension Proposed

A proposed extension to an agreement that sets limits on operations at John Wayne Airport would allow some increases in passengers and flights at the airport after 2020.

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Wet Seal Outlook Lags Expectations; CEO Says Chain ‘Stabilizing’

Foothill Ranch teen and contemporary retailer provided an outlook for the current quarter that’s below consensus estimates as its chief executive reiterated its focus on fast fashion as a key to growth plans.

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Thursday, March 21

Wet Seal Outlook Lags Expectations; CEO Says Chain ‘Stabilizing’

Foothill Ranch teen and contemporary retailer provided an outlook for the current quarter that’s below consensus estimates as its chief executive reiterated its focus on fast fashion as a key to growth plans.

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JWA Settlement Agreement Extension Proposed

A proposed extension to an agreement that sets limits on operations at John Wayne Airport would allow some increases in passengers and flights at the airport after 2020.

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Midday Stock Roundup

The S&P 500 fell 0.70% to 1,547.86 in afternoon trading Thursday.

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Billabong Sale Still Possible Despite Trading Halt

The parent of Irvine-based Billabong USA confirmed two bidders are still eyeing the action sports apparel and accessories company, which requested a halt in trading of its shares Wednesday evening.

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PacSun Narrows Loss, Posts Sales Gain in Q4

Anaheim-based action sports retailer Pacific Sunwear of California Inc. narrowed its loss in the fourth quarter, capping a year that continued to make headway on the company’s turnaround strategy.

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Tilly's Shares Off on Q1, Full-Year Outlook

Shares of Irvine-based action sports retailer Tilly's Inc. slumped, a day after the company released its outlook for the current quarter and full-year.

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Business Journal Honors Excellence in Entrepreneurship

Members of the Orange County business community celebrated with the winners of the 12th Annual Orange County Business Journal Excellence in Entrepreneurship Awards on Wednesday.

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Doti’s Latest Role: Soap Opera Player

Chapman University President Jim Doti can add another skill to his resume: acting.

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Wednesday, March 20

Trading Halt for Billabong International

The parent of Irvine-based Billabong USA announced a halt in trading of its shares on Wednesday.

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Doti’s Latest Role: Soap Opera Player

Chapman University President Jim Doti can add another skill to his resume: acting.

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Business Journal Honors Excellence in Entrepreneurship

Members of the Orange County business community celebrated with the winners of the 12th Annual Orange County Business Journal Excellence in Entrepreneurship Awards on Wednesday.

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Tilly's Shares Off on Q1, Full-Year Outlook

Shares of Irvine-based action sports retailer Tilly's Inc. slumped on the company's outlook for the current quarter and full-year.

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PacSun Narrows Loss, Posts Sales Gain in Q4

Anaheim-based action sports retailer Pacific Sunwear of California Inc. narrowed its loss in the fourth quarter, capping a year that continued to make headway on the company’s turnaround strategy.

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Midday Stock Roundup

The S&P 500 rose 0.56% to 1,556.99 in midday trading Wednesday.

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Former Billabong Exec Jumps to Electric

San Clemente-based Electric Visual named a former executive at Billabong International Ltd. to head up its Europe, Middle East and Africa business.

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Agenda Trade Show Producer Nabs Electric Visual Co-Founder

Apparel trade show producer Agenda LLC has hired a veteran of Orange County’s action-sports apparel industry to head up its sales and marketing.

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2 OC Banks Make SNL Financial’s Top 25

Two Orange County-based banks were among the best-performing community banks last year, according to a ranking compiled by SNL Financial LC, a Charlottesville, Va.-based information services firm.

Red Cross of OC Names New Regional CEO

Maxine Margaritis has been named Regional Chief Executive Officer of the Santa Ana-based chapter of the American Red Cross, which has oversight of the nonprofit’s operations in Orange, Riverside and San Bernardino counties.

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Tuesday, March 19

Red Cross of OC Names New Regional CEO

Maxine Margaritis has been named Regional Chief Executive Officer of the Santa Ana-based chapter of the American Red Cross, which has oversight of the nonprofit’s operations in Orange, Riverside and San Bernardino counties.

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2 OC Banks Make SNL Financial’s Top 25

Two Orange County-based banks were among the best-performing community banks last year, according to a ranking compiled by SNL Financial LC, a Charlottesville, Va.-based information services firm.

Former Billabong Exec Jumps to Electric

San Clemente-based Electric Visual named a former executive at Billabong International Ltd. to head up its Europe, Middle East and Africa business.

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Midday Stock Roundup

The S&P 500 fell 0.66% to 1,541.90 in afternoon trading Tuesday.

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Former Volcom, Nike Exec Named Skullcandy CEO

Hoby Darling, a former executive at Nike Inc. and Volcom Inc., was appointed president and chief executive of headphone maker Skullcandy Inc.

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Reports: Fisker Sales Talks on Shaky Ground

Terms of Fisker Automotive Inc.'s $529 million loan from the U.S. Department of Energy appear to have become a hurdle on a possible sale of the Anaheim-based automaker, according to several reports.

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Strathspey Crown Links With Plastic Surgeons

Newport Beach-based private equity investor Strathspey Crown Holdings LLC said today that it’s partnering with the Arlington Heights, Ill.-based American Society of Plastic Surgeons and its subsidiary, Plastic Surgery Business Solutions Inc.

Monday, March 18

Former Volcom, Nike Exec Named Skullcandy CEO

Hoby Darling, a former executive at Nike Inc. and Volcom Inc., was appointed president and chief executive of headphone maker Skullcandy Inc.

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Strathspey Crown Links With Plastic Surgeons

Newport Beach-based private equity investor Strathspey Crown Holdings LLC said today that it’s partnering with the Arlington Heights, Ill.-based American Society of Plastic Surgeons and its subsidiary, Plastic Surgery Business Solutions Inc.

Midday Stock Roundup

The S&P 500 fell 0.33% to 1,555.62 in afternoon trading Monday.

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STEC Talks With Dissidents Break Off

Santa Ana-based disk drive maker STEC Inc. announced on Friday that settlement talks to avert a proxy battle with two investors have broken down.

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Credit Union in Buena Park Shut Down

Buena Park-based Pepsi Cola Federal Credit Union was shut down after the National Credit Union Administration deemed it insolvent and saw “no prospect for restoring viable operations.”

VALLEY BIZ SEEN - March 18, 2013

Photographs of recent business-related events in the valleys, including parties, awards dinners, benefits and other celebrations.

Sunday, March 17

Specific Media’s Myspace Lands Sponsorship Deal With Chevrolet

Specific Media’s Myspace lands sponsorship deal with Chevrolet

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Samsung Spinoff’s OC Plan: Dumplings

MANUFACTURING: Factory, warehouse set for Fullerton

Korean food specialist CJ Foods sees Fullerton as key to plans to boost business in U.S.

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Fisker Departure Case of Fade More Than Fight

AUTOMOTIVE: Company says deal with investor, board remake pending

Henrik Fisker’s departure was a case of fade more than fight

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Little Saigon Sees Business Sense in CSUF’s Vietnamese-Language Program

EDUCATION: Business track part of program in works

Little Saigon sees business sense in CSUF’s Vietnamese-language plans

Guv’s Guide; OCSA Rocks; Complements of Duane & Kelly

OC INSIDER Column by Jerry Sullivan

Play N Trade Seeks Global Route Around GameStop

RETAIL: Former fast-grower adds services, markets in rebound bid

Play N Trade seeks global route around GameStop

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San Diego Biologics Maker in OC Joint Venture

HEALTHCARE: Pur aims for regenerative orthopedic products

San Diego Biologics maker in OC joint venture

Kia Sponsors Pageant Show on Univision

Kia Motors America sponsors pageant show on Univision

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OC Heart Valve Makers Call on Cardiology College

HEALTHCARE: Established maker, startup present data in SF

Two sides of OC heart valve cluster call on cardiology college

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Quantum’s Shift From Renewables Brings Wind-Farm Sales

MANUFACTURING: Part of refocus on tanks for natural gas

Quantum’s shift from renewables brings sale of wind farms

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Western Digital Joins Dell in Latest Financing Round for San Jose Startup

Western Digital joins Dell in latest financing round for San Jose startup

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Billabong: Final Bids Due March 28

Parent of Billabong USA reportedly sets deadline on final bids for the company

Trio of Sales in Crystal Cove Cover the Waterfront

Two Homes, One Parcel Combine for Nearly $16M

Trio of sales in Crystal Cove cover the waterfront, in Luxury Homes

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Investors Shift to Premium Pursuits for Biggest Buys

Trend Crosses Property Types, Yields $1.9B Total

SPECIAL REPORT - TOP REAL ESTATE DEALS: Action overview - Investors took a shine to Orange County’s newest-built commercial properties last year, paying top dollar for many of them.

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Batch of Blockbusters

Top Sales in Key Segments Combine for $1.2B in 2012

SPECIAL REPORT - TOP REAL ESTATE DEALS: No shortage of blockbuster property sales in Orange County last year

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InSPIREd

Case, Kennedy Help CREW Do the Honors

SPECIAL REPORT - TOP REAL ESTATE DEALS: CREW’s night out

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ADDENDUM - March 18, 2013

Other news items of interest from the Orange County Business Journal

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Allergan’s New Consultant Takes Industry by Surprise

“Shock” as Former Rival Hires on as Consultant

Allergan’s new consultant takes industry by surprise, in Healthcare

CALENDAR - March 18-27, 2013

A listing of events happening all around Orange County.

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Mixed Picture Includes Signs of Progress in North, Central OC

REAL ESTATE WATCH: NORTH AND CENTRAL ORANGE COUNTY

Mixed picture includes signs of progress in North and Central OC. Includes Real Estate Watch industry performance charts.

Talk of $100M Total as 3 LBA Offices Go on Market

324,000 SF Spread Over 2 Near JWA, 1 in Spectrum

Three Irvine buildings owned by LBA Realty are up for sale, in Real Estate

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REAL ESTATE DEALS - March 18, 2013

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

By the Numbers - Title Companies

There are roughly 30 title companies in Orange County. Includes analysis, charts and figures.

Blizzard Renews in Spectrum; New Hires, Games in Works

MEDIA: Extension said to run for 7 years; “Titan” project prompts buzz

Blizzard Entertainment inks a new lease for its headquarters in the Irvine Spectrum

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Local Auto-Equipment Specialists Hit Road to Dubai

Trade Group Got Federal Funds for Mideast Expo

Radflo Suspension Technology was among a handful of Orange County car-equipment companies that were in Dubai last week for the Middle East Business Development Conference

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Acacia’s Pockets Go $328.3M Deep for Patent Buys

Switch From Licensing; Boosts Med Tech Buys

Acacia’s patent-buying spree in 2012 helped the company hit record revenue, profits last year, in Technology

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Title Insurers Ride Refi Wave to 44% Jump in 2012

Local Employment Up 7%; Fidelity Ranks No. 1 Again

SPECIAL REPORT - TOP REAL ESTATE DEALS: Title insurers ride refi wave to 44% jump in 2012. Includes the 2013 OC's LARGEST TITLE INSURERS list for download (pdf)

Do-It-Yourself Trade Schools

Companies Look In-House to Offset “Skills Gap”

Companies look in-house to offset “skills gap”

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Friday, March 15

STEC Talks With Dissidents Break Off

Shares of STEC Inc. continued their slide Friday after the Santa Ana-based disk drive maker announced that settlement talks to avert a proxy battle with two investors have broken down.

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Midday Stock Roundup

The S&P 500 fell 0.14% to 1,561.31 in afternoon trading Friday.

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OC Visitors, Meetings Business ‘Back on Track’

The tourism and meetings business in Orange County has bounced back from the recession, with increased convention center bookings, visitor counts and spending on marketing by the Anaheim/Orange County Visitor and Convention Bureau.

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VertiFlex Sells Some Assets to Stryker

San Clemente-based VertiFlex Inc. said it has sold what it called “non-core assets” to Kalamazoo, Mich.-based Stryker Corp.

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STEC Shares Plunge

Shares of STEC Inc. slumped in afternoon trading Friday, a day after the Santa Ana-based disk drive maker reported fourth-quarter earnings that missed Wall Street expectations and gave an outlook in the current quarter below estimates.

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Billabong: Bids Due Before Month’s End

The parent of Irvine-based Billabong USA has reportedly set a deadline on receiving final bids for the action sports apparel and accessories company.

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Thursday, March 14

STEC Shares Plunge

Shares of STEC Inc. plummeted in afterhours trading Thursday after the Santa Ana-based disk drive maker reported fourth quarter earnings that missed Wall Street expectations and gave an outlook in the current quarter below estimates.

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Billabong: Bids Due Before Month’s End

The parent of Irvine-based Billabong USA has reportedly set a deadline on receiving final bids for the action sports apparel and accessories company.

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Midday Stock Roundup

The S&P 500 was up 0.38% to 1,560.50 in afternoon trading Thursday.

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Specific Media’s Myspace Lands Chevy Sponsorship

Irvine-based Specific Media’s Myspace social network has signed a sponsorship deal with Chevrolet.

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OC Auto Sales Up 15% in 2012

Sales of new and used vehicles by auto dealers in Orange County rose 15% last year, bringing in $9 billion in revenue.

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Wednesday, March 13

Midday Stock Roundup

The S&P 500 was up 0.15% to 1,554.85 in afternoon trading Wednesday.

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Fisker Founder Resigns

The founder of Anaheim-based luxury hybrid automaker Fisker Automotive Inc. has resigned, according to several reports.

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Western Dig in 2nd Round for San Jose Company

Western Digital Corp. has backed San Jose-based start-up Skycera Inc. in a $51 million financing round, the disk drive maker announced Tuesday.

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Windjammer Closes Fund at $726M

Newport Beach-based private equity firm Windjammer Capital Investors closed its fourth investment fund with more than $726 million in capital commitments.

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Dumpling Factory Underway in Fullerton

CJ Foods Inc. has broken ground on a 68,000 square-foot manufacturing plant in Fullerton.

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NB Consultant Charged With Fraud Against Cisco

The head of a Newport Beach-based consulting firm has been arrested and charged with wire fraud and identity theft, the FBI’s San Francisco division and U.S. Attorney’s Office jointly announced on Tuesday.

Tuesday, March 12

NB Consultant Charged With Fraud Against Cisco

The head of a Newport Beach-based consulting firm has been arrested and charged with wire fraud and identity theft, the FBI’s San Francisco division and U.S. Attorney’s Office jointly announced on Tuesday.

Windjammer Closes Fund at $726M

Newport Beach-based private equity firm Windjammer Capital Investors closed its fourth investment fund with more than $726 million in capital commitments.

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Western Dig in 2nd Round for San Jose Company

Western Digital Corp. has backed San Jose-based start-up Skycera Inc. in a $51 million financing round, the disk drive maker announced Tuesday.

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Midday Stock Roundup

500 fell 0.29% to 1,551.63 in afternoon trading Tuesday.

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Kia Sponsors Univision Beauty Pageant Show

Irvine-based Kia Motors America Inc. has signed on as the official automotive partner for Nuestra Belleza Latina, a beauty pageant reality show produced by Spanish-language Univision Communications Inc.

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Johnny Rockets to Expand in India

Aliso Viejo-based Johnny Rockets Restaurant Group Inc. inked a franchise agreement that will take the diner chain to India.

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Monday, March 11

Johnny Rockets to Expand in India

Aliso Viejo-based Johnny Rockets Restaurant Group Inc. inked a franchise agreement that will take the diner chain to India.

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Kia Sponsors Univision Beauty Pageant Show

Irvine-based Kia Motors America Inc. has signed on as the official automotive partner for Nuestra Belleza Latina, a beauty pageant reality show produced by Spanish-language Univision Communications Inc.

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Midday Stock Roundup

The S&P 500 was up 0.21% to 1,554.40 in afternoon trading Monday.

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Bill Lyon to CEO at Homebuilder

William Lyon Homes has created a new Executive Chairman position for the Newport Beach-based homebuilding company’s founder and namesake, Gen. William Lyon, who is turning over the chief executive role at the company to his son.

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Quiksilver Confirms Changes in Brand Lineup

Huntington Beach-based Quiksilver Inc. confirmed changes to its lineup of brands during its recent quarterly earnings call with analysts.

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DGWB Lands Yogurtland Account

Irvine-based frozen yogurt chain operator Yogurtland Franchising Inc. named DGWB Advertising and Communications its agency of record.

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Sunday, March 10

Office, Industrial Get Busy, Retail Holds Steady in South OC

REAL ESTATE WATCH: SOUTH ORANGE COUNTY

Office sector of the South OC market continued to show signs of strength in Q4

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OC Sponsor Halts Pistorius’ Deals as Case Plays Out

Oakley Suspends Double-Amputee Sprinter

OC sponsor halts Oscar Pistorius’ deals as case plays out, in Media and Marketing

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OC Tech’s New Pipeline: Interns

Pay Rates Rise, Competition Heats Up

OC tech’s new pipeline: interns

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Rockwell Collins Adds to Airbus Work at Tustin Operation

MANUFACTURING: Will design, assemble rudders, brake pedals

Rockwell Collins’ unit adds to airbus work at Tustin operation

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OC Hub for Amazon Cloud?

Hiring Pattern Points to Spectrum Office

Amazon’s Irvine operations appear to be taking shape as the company’s hub for marketing offerings of cloud services in SoCal

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New Drill on Due Diligence

Pace Quickens for M&A in OC Despite Heightened Caution Among Buyers and Sellers

SPECIAL REPORT: MERGERS & ACQUISITIONS - Due diligence on M&As has gotten increasingly rigorous in the past couple of years

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By the Numbers - Costa Mesa Businesses

There are more than 4,200 businesses in Costa Mesa, and they collectively employ nearly 68,500 people. Includes analysis, charts and figures.

Blizzard’s Latest to Fans: ‘See You Round the Campus’

Bash for StarCraft II Debut to Begin at Spectrum HQ

Blizzard’s throwing a launch party leading up to March 12 release of Heart of the Swarm, in Technology

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REAL ESTATE DEALS - March 11, 2013

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

Conexant Bankruptcy Comes With Real Estate Ripples

Shedding “Dead Leases” Key to Reorganization Plan

Conexant bankruptcy comes with real estate ripples, in Real Estate

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Bill Seeks 5% Requirement on Charity Care Spending

Minimum Would Apply to Private Nonprofit Hospitals

Bill seeks 5% requirement on charity care spending, in Healthcare

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CALENDAR - March 11-20, 2013

A listing of events happening all around Orange County.

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More Buyers Than Sellers as Locals Top 300 Deals

Deals Range Across Industries; Steady Pace Picked Up in Q4

Overview of last year’s action. Includes the 2013 OC's TOP OC BUYERS & SELLERS list for download (pdf)

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Why 2012 Ended With a Bang

Pending Hike on Capital Gains, Medicare Levy on Investment Income Drove Deals

Mergers and acquisitions gained momentum in the second half of 2012.

ADDENDUM - March 11, 2013

Other news items of interest from the Orange County Business Journal

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CureDuchenne Puts $800,000 Toward Hopes for R&D

Ducks’ Niedermayer, Wife Honored for Long Support

PHILANTHROPY Column by Sherri Cruz

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Minority-Owned Businesses Near $11B in Annual Revenue

45 Biggest Combine for More Than 8,000 Jobs Here

Minority-owned businesses near $11 billion in annual revenue. Includes the 2013 OC's LARGEST MINORITY-OWNED BUSINESSES list for download (pdf)

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Volcom Gets Ready to Add Shoes to Lineup

Costa Mesa-based action-sports apparel maker Volcom Inc. said its first-ever line of shoes is expected in stores in July.

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Renewables Firm Halts Mississippi Plant

Irvine-based renewable fuels maker BlueFire Renewables Inc. has halted construction work on a plant planned for Fulton, Miss.

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Chicago Hedge Fund Ups Stake in QLogic

Chicago-based Citadel Investment Group, headed by billionaire hedge fund manager Ken Griffin, has upped its stake in QLogic Corp.

Kofax Buys Healthcare Software Specialist

Business software maker Kofax PLC in Irvine has acquired a Pennsylvania company for $13.5 million in cash.

Speculation Puts Irish Eyes on Drug Makers

HEALTHCARE: Questcor, Avanir for cash-rich Elan?

Questcor, Avanir are subjects of market speculation on possible moves by an Irish drug developer

Smith’s VC Firm Gets Busy, Turns Focus Nationwide

FINANCE: Toba links with Intel, Cisco, among others

Vinny Smith’s VC firm gets busy, turns focus nationwide

Data Center Entrepreneur Set for Next Venture

SERVICES: Founder of Latisys predecessor in Phoenix startup

Mark Towfiq, a local entrepreneur who’s cashed out twice after growing and selling data centers, is getting back in the storage business.

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Henry’s Home Stand; McGregor & Son; FCD’s Gender Gap

OC INSIDER Column by Jerry Sullivan

Fox Head Puts Foot Down in OC

NorCal Brand Shifts HQ to Irvine

OC’s stable of apparel companies gets bigger with Fox Head’s global HQ move to Irvine

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New Tax Raises M&A Profile for Medical Device Makers Here

HEALTHCARE: 2.3% levy has strategic buyers on hunt

New tax raises M&A profile for local device makers

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New Perspectives, Same Standards

Allergan Directors Bring Varied Experience, Find Common Ground

Allergan Inc.’s board of directors features plenty of differences, with representatives from the worlds of academia, science, consumer goods and the corner office.

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Friday, March 8

DGWB Lands Yogurtland Account

Irvine-based frozen yogurt chain operator Yogurtland Franchising Inc. named DGWB Advertising and Communications its agency of record.

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Midday Stock Roundup

The S&P 500 rose 0.18% to 1,547.06 in afternoon trading Friday.

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Quiksilver Reports Q1 Misses

Shares of Huntington Beach-based Quiksilver Inc. slumped in after-hours trading after the company announced disappointing first-quarter results.

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Report: $400M Rip Curl Sale Unlikely

A possible sale of Australian surfwear maker Rip Curl Group Pty. Ltd. is looking less likely.

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Fountain Valley Drug Maker Bought

Sorrento Therapeutics Inc. said today that it would buy Fountain Valley-based Igdrasol Inc., a privately held cancer drug maker.

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MetLife to Close Offices in Irvine, Aliso Viejo

Insurance provider MetLife Inc. announced plans to relocate its Orange County offices to North Carolina in a consolidation that includes operations in five other states and is expected to bring savings of about $94 million through tax breaks and other incentives.

Natural Products Trade Show to Stay in Anaheim Through 2017

Natural Products Expo West will stay at the Anaheim Convention Center through 2017 after extending its contract on Thursday.

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Thursday, March 7

Natural Products Trade Show to Stay in Anaheim Through 2017

Natural Products Expo West will stay at the Anaheim Convention Center through 2017 after extending its contract on Thursday.

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Report: $400M Rip Curl Sale Unlikely

A possible sale of Australian surfwear maker Rip Curl Group Pty. Ltd. is looking less likely.

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Fountain Valley Drug Maker Bought

Sorrento Therapeutics Inc. said today that it would buy Fountain Valley-based Igdrasol Inc., a privately held cancer drug maker.

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MetLife to Close Offices in Irvine, Aliso Viejo

Insurance provider MetLife Inc. announced plans to relocate its Orange County offices to North Carolina in a consolidation that includes operations in five other states and is expected to bring savings of about $94 million through tax breaks and other incentives.

Quiksilver Reports Q1 Misses

Shares of Huntington Beach-based Quiksilver Inc. slumped in after-hours trading after the company announced disappointing first-quarter results.

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Midday Stock Roundup

The S&P 500 rose 0.20% to 1,544.55 in afternoon trading Thursday.

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Chicago Hedge Fund Ups Stake in QLogic

Chicago-based Citadel Investment Group, headed by billionaire hedge fund manager Ken Griffin, has upped its stake in QLogic Corp.

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Tustin Medical Device Maker Opens Costa Rica Plant

Tustin-based medical device maker MicroVention Inc. has opened a manufacturing facility in San Jose, Costa Rica.

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Q4 Loss, Full-Year Profit Down at Pac Merc

Costa Mesa-based Pacific Mercantile Bancorp reported a loss for the fourth quarter and a drop in profit for 2012.

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Wednesday, March 6

Chicago Hedge Fund Ups Stake in QLogic

Chicago-based Citadel Investment Group, headed by billionaire hedge fund manager Ken Griffin, has upped its stake in QLogic Corp.

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Midday Stock Roundup

The S&P 500 rose 0.04% to 1,540.43 in afternoon trading Wednesday.

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Pacific Premier in Deal for San Diego Bank

Irvine-based Pacific Premier Bancorp Inc. is buying San Diego Trust Bank for $30.6 million.

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Tuesday, March 5

Midday Stock Roundup

The S&P 500 rose 1.05% to 1,541.23 in afternoon trading Tuesday.

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Ensign Buys in Texas, Washington

Mission Viejo-based Ensign Group Inc. said today that it bought a nursing home and a home health and hospice provider in two separate deals. Terms were not disclosed.

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9 OCers on Forbes Billionaires List

Nine of Orange County’s wealthiest individuals were featured on Forbes’ latest list of 1,426 billionaires in the world.

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Quiksilver Adds Global Executive Positions

Huntington Beach-based action sports apparel maker Quiksilver Inc. continues to rework its executive team with an emphasis on global operations.

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Volcom Footwear Set for Summer Launch

Costa Mesa-based action-sports apparel maker Volcom Inc. said its first-ever line of shoes is expected in stores in July.

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Monday, March 4

Quiksilver Adds Global Executive Positions

Huntington Beach-based action sports apparel maker Quiksilver Inc. continues to rework its executive team with an emphasis on global operations.

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Volcom Footwear Set for Summer Launch

Costa Mesa-based action-sports apparel maker Volcom Inc. said its first-ever line of shoes is expected in stores in July.

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9 OCers on Forbes Billionaires List

Nine of Orange County’s wealthiest individuals were featured on Forbes’ latest list of 1,426 billionaires in the world.

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Midday Stock Roundup

The S&P 500 fell 0.29% to 1,513.77 in afternoon trading Monday.

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Kofax Buys Analytics Software Maker

Business software maker Kofax PLC in Irvine has acquired a Pennsylvania company for $13.5 million in cash.

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February OC Auto Sales Mixed, Mitsubishi Ends Streak of Declines

Orange County automakers saw mixed sales results in February as nationwide sales continued to climb.

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American Suzuki Bankruptcy Plan Receives Approval

Brea-based American Suzuki Motor Corp. said on Friday it expects to complete its bankruptcy restructuring by the end of the month, after a judge approved its Chapter 11 plan.

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Garden Grove Aerospace Manufacturer Sold

Garden Grove-based Western Precision Aero LLC fetched $2.6 million in a sale to RBC Bearings Inc. in Oxford, Conn.

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Irvine Renewable Fuels Firm Halts Work on Mississippi Plant

Irvine-based renewable fuels maker BlueFire Renewables Inc. has halted construction work on a plant planned for Fulton, Miss.

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Sunday, March 3

BK Puts Conexant in Hands of George Soros’ Fund

TECHNOLOGY: Restructuring plan would shed $195M in debt, leases

Bankruptcy puts Conexant Systems Inc. in hands of billionaire George Soros

Skiver Gets Hooters Account, Plans Office Expansion

ADVERTISING: Aims to help chain boost lunch, late-night

Skiver gets Hooters account, plans office expansion

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FCD Vs. Tyson; Augie’s Vow; What a Guy; Kushner Cold on Times?

OC INSIDER Column by Jerry Sullivan

Hoag, St. Joseph OK Covenant, Pick Board

HEALTHCARE: New company to oversee regional healthcare network

Newly formed Covenant Health Network has named its board of directors and plans to set up shop in Irvine with St. Joseph Health

OC Developers Take Neighborly View on Big Plans in Texas

REAL ESTATE: 9M-SF plan sees Dallas as extension of SoCal ports

Two OC developers have plans for 9 million square feet in Texas

Andrew’s Other Passion

Extron Boss Takes Country Chic to Top Floor

Andrew Edwards’ other passion

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Restaurant of the Year: China Moon

Chen Family’s Moveable Feast

Restaurant of the Year: China Moon

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By the Numbers - Orange County Restaurants

There are more than 4,500 restaurants in Orange County

Seal Beach Sale Sets Office Benchmark at $85M

REAL ESTATE: SD investor gets 3 buildings, eyes more here

Seal Beach complex trades hands for $85M, the priciest office sale in OC so far this year

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William Lyon Homes Latest on IPO Watch

REAL ESTATE: Push required by 2016; market suggests sooner

Newport Beach-based William Lyon Homes is the latest Orange County builder with an initial public offering.

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New Territories for Irvine Company

Apartment Buy Stretches From Placentia to Aliso Viejo

Irvine Company takes over Archstone apartment portfolio in OC, San Diego

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REAL ESTATE DEALS - March 4, 2013

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

Pacific Hospitality, Eagle Four in Santa Barbara Buy

Follow Balboa Bay Club Deal With Bacara Resort

Pacific Hospitality, Eagle Four in Santa Barbara buy, in Real Estate

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Emulex Veteran Taps Colleagues for Storage Startup

Jeda Bills Virtual Networks Software as Cost-Saver

Emulex veteran taps colleagues for storage startup, in Technology

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ADDENDUM - March 4, 2013

Other news items of interest from the Orange County Business Journal

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Wanted: Best Places to Work for OCBJ’s List

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

Is your workplace great? We want to know.

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Women-Owned Business Group’s OC Chapter Set to Start 10th Annual Mentoring Program

The National Association of Women Business Owners-Orange County set for 2013 mentoring program

Applied’s Resistance to Investor’s Push for IPO ‘Unprecedented’

HEALTHCARE: Device maker knocks plan in prospectus filing

Applied Medical takes more shots at investor and the underwriter picked to handle IPO process

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ChromaDex to Sell Sole Consumer Line

ChromaDex Corp. said it plans to sell its sole consumer product line to a company in Canada

Healthcare Service Specialist in SF Buy

Cymetrix Corp. acquires San Francisco-based healthcare analytics software company

Emulex Shareholder Seeks Board Changes

A major shareholder of Emulex Corp. calls on the company to make changes to its board or consider sale

Rutan Taps Malkani as Executive Director

LAW: 37-year veteran Boden heads for mission work in U.K.

Rutan & Tucker LLP names Tony Malkani executive director to replace Rich Boden

Airport Area Industrial Sees Pickup in Q4

REAL ESTATE WATCH: AIRPORT/CENTRAL COAST AREA

Greater Airport Area’s industrial sector sees improvements in Q4 compared with the first three quarters of last year. Includes Real Estate Watch industry performance charts.

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CALENDAR - March 5-13, and March 20, 2013

A listing of events happening all around Orange County.

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Price of Hyundai’s Ticket to Academy Awards: $15M

Nine 30-Second Spots Part of “Big Voices” Campaign

Price of Hyundai’s ticket to Academy Awards: $15M, in Media and Marketing

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Allergan’s ‘Anatomically Shaped’ Implants Get OK

Conditions for U.S. Sales Include Multiple Studies

Allergan Inc.’s “anatomically shaped” implants get OK, in Healthcare

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OClectic

Interesting Menus, Personal Insights From Varied Batch of Standouts

OClectic: interesting menus, personal insights from varied batch of standouts

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Laguna Oceanfront ‘Immediately Spoke’ to Buyer

Gets One-Time Home of “King of Botox” for $7.1M

Laguna Beach oceanfront “immediately spoke” to buyer, in Luxury Homes

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Friday, March 1

American Suzuki Bankruptcy Plan Receives Approval

Brea-based American Suzuki Motor Corp. said on Friday it expects to complete its bankruptcy restructuring by the end of the month, after a judge approved its Chapter 11 plan.

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Irvine Renewable Fuels Firm Halts Work on Mississippi Plant

Irvine-based renewable fuels maker BlueFire Renewables Inc. has halted construction work on a plant planned for Fulton, Miss. plant.

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February OC Auto Sales Mixed, Mitsubishi Ends Loss Streak

Orange County automakers saw mixed sales results in February as overall sales for the nation continued to climb.

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Kofax Buys Analytics Software Maker

Business software maker Kofax PLC in Irvine has acquired a Pennsylvania company for $13.5 million in cash.

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Midday Stock Roundup

The S&P 500 rose 0.34% to 1,519.89 in afternoon trading Friday.

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PacTrust Posts Q4 Loss, Swings to Profit for Full Year

Irvine-based First PacTrust Bancorp Inc. posted a loss in the fourth quarter and a profit for the full year.

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Versant Ventures in Mayo Clinic ‘Business Accelerator’

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

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Conexant Files for BK

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

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