Stories for May 2013

Friday, May 31

Midday Stock Roundup

The S&P 500 fell 0.07% to 1,653.29 in afternoon trading Friday.

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Suzuki Motor Names President

Brea-based Suzuki Motor of America Inc. named a new president of the recently established company.

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McKeen New Managing Partner for O’Melveny & Myers

Global law firm O’Melveny & Myers LLP has named a new managing partner for its Newport Beach office.

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Thursday, May 30

McKeen New Managing Partner for O’Melveny & Myers

Global law firm O’Melveny & Myers LLP has named a new managing partner for its Newport Beach office.

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Suzuki Motor Names President

Brea-based Suzuki Motor of America Inc. named a new president of the recently established company.

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Midday Stock Roundup

The S&P 500 rose 0.57% to 1,657.77 in afternoon trading Thursday.

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FDA Warns Edwards on Quality Issues

Irvine-based heart valve maker Edwards Lifesciences Corp. said today that it received a warning letter from the Food and Drug Administration concerning its Draper, Utah plant.

Tilly’s Beats on Q2 Guidance, Announces CFO Retirement

Irvine-based Tilly’s Inc. topped Wall Street’s expectations on its current quarter guidance and results for the quarter ended May, sending shares up slightly in after-hours trading Wednesday.

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Kleiner Perkins’ Lane Leaves Fisker Board

Ray Lane, managing partner of venture capital firm Kleiner Perkins Caufield & Byers—a major investor in Fisker Automotive Inc.—is no longer on the board of the Anaheim-based hybrid automaker.

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Irvine Startup Raises $13.6M

Irvine-based technology startup Numecent has raised $13.6 million in a recent funding round led by T-Venture Holding, the venture capital arm of Deutsche Telekom in Bonn, Germany.

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Cypress Audio Specialist Opens Silicon Valley Office

Cypress-based Clarion Corp. of America has opened an office in Santa Clara to tap into the software and application-development market of the Silicon Valley area.

Wednesday, May 29

Tilly’s Beats on Q2 Guidance, Announces CFO Retirement

Irvine-based Tilly’s Inc. topped Wall Street’s expectations on its current quarter guidance and results for the quarter ended May, sending shares up slightly in after-hours trading Wednesday.

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FDA Warns Edwards on Quality Issues

Irvine-based heart valve maker Edwards Lifesciences Corp. said today that it received a warning letter from the Food and Drug Administration concerning its Draper, Utah plant.

Irvine Startup Raises $13.6M

Irvine-based technology startup Numecent has raised $13.6 million in a recent funding round led by T-Venture Holding, the venture capital arm of Deutsche Telekom in Bonn, Germany.

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Cypress Audio Specialist Opens Silicon Valley Office

Cypress-based Clarion Corp. of America has opened an office in Santa Clara to tap into the software and application-development market of the Silicon Valley area.

Midday Stock Roundup

The S&P 500 fell 1.03% to 1,642.89 in afternoon trading Wednesday.

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Wet Seal CEO Says Business is 'Stabilized'

Investors sent shares of Foothill Ranch-based teen and contemporary retailer Wet Seal Inc. up in afternoon trading Wednesday, a day after the company provided a rosy outlook for the current quarter.

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Southwest/AirTran Lead JWA April Traffic Gains

Passenger traffic at John Wayne Airport rose 5.1% to 764,308 passengers in April.

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Tuesday, May 28

Southwest/AirTran Lead JWA April Traffic Gains

Passenger traffic at John Wayne Airport rose 5.1% to 764,308 passengers in April.

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Wet Seal CEO Says Business is 'Stabilized'

Investors sent shares of Foothill Ranch-based teen and contemporary retailer Wet Seal Inc. up on the company's rosy outlook for the current quarter.

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Fisker Founder in Bid for Automaker

The cofounder of troubled hybrid automaker Fisker Automotive Inc. has reportedly teamed up with a Hong Kong billionaire to buy Fisker's Department of Energy loan.

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Midday Stock Roundup

The S&P 500 rose 1% to 1,666.08 in afternoon trading Tuesday.

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Sunday, May 26

Meade Shares Climb on Word of Sale

Shares of Meade Instruments Corp. skyrocketed last week in its first trading session since the Irvine-based company announced it was set to be acquired

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Platinum Triangle Properties Sold to Industrial Users

REAL ESTATE: Buyers will keep properties as they are

An industrial park near Angel Stadium that ambitious office and apartment developers have eyed for nearly seven years has a pair of new owners with more modest goals in mind.

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PacSun Pop-Up To ‘Tackle Other Coast’

Pacific Sunwear picks NY’s SoHo shopping district for its first-ever pop-up shop

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Hotels, Freer in Economic Recovery, Open Wallets

Redos, Name Changes, New Services Polish Images

Recovery fuels renovations. Includes the 2013 OC's LARGEST HOTELS list for download (pdf

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Low-Rise Office Rents Finally Rising

REAL ESTATE WATCH: LOW-RISE OFFICE SPACE

Low-rise office rents are finally rising. Includes Real Estate Watch industry performance charts.

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By the Numbers - ORANGE COUNTY HOTELS & MOTELS

There are more than 400 hotels and motels in Orange County.

REAL ESTATE DEALS - May 27, 2013

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

Northgate Gonzalez Buys in LA, Sells in OC

Increases Shopping Center Holdings With Four Deals

Northgate Gonzalez Market, OCs largest Hispanic grocer, is taking on a larger role as a shopping center owner and landlord in L.A. County, in Real Estate

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Surveillance Camera Demand Up Since Bombings

Camera Makers See Uptick, Others Indirectly Benefit

Some Orange County technology companies that make surveillance cameras, equipment and components are seeing demand rise in the wake of the Boston bombings last month, in Technology

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CALENDAR - May 27 -June 5, 2013

A listing of events happening all around Orange County.

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UC Irvine Health Consortium Tries on a New Face

New Slogan, Website Part of Its Revamped Brand

Say hello to the new face of care—the care UC Irvine Health provides, that is, in Media and Marketing

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Masimo’s May: FDA OK, Turkey Deal, Journal Kudos

Studies in South Korea, Texas Validate Monitors

Masimo Corp. received Food and Drug Administration approval for one of its products, signed a big overseas contract, and got its technology validated in a pair of professional, in Healthcare

Q&A: Hotels - Economic Recovery

The Business Journal’s Kari Hamanaka asked general managers from several hotels here what they’re doing to attract guests while generating new revenue sources.

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Spring Sales Are Blooming in Coastal Orange County

Homes Blend Old-World Style, High Technology

Spring sales are blooming along coast, in Luxury Homes

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ADDENDUM - May 27, 2013

Other news items of interest from the Orange County Business Journal

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Irvine Resident to Industry Hall of Fame

Irvine resident Arthur “Art” Kazarian was inducted into the Environmental Industry Associations’ Hall of Fame

Lutz’ Startup Eyes Fisker Automotive

A startup automaker led by a former General Motors Corp. executive is reportedly in talks on a possible deal to buy struggling Fisker Automotive Inc.

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90 BP Workers Set to Stay in La Palma

About 90 employees of BP PLC-Arco will remain in La Palma with a new employer

Powerwave Headquarters Expected to Be Vacated Soon

TECHNOLOGY: Landlord eyes other big tenants

Powerwave, a maker of cellular base-station gear for wireless networks, filed for bankruptcy protection in January

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AvalonBay Makes Apartment Push in South OC

REAL ESTATE: Development eyed in Irvine, Lake Forest

AvalonBay Communities Inc. has cornered the market for apartments—at least on one corner

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Bonnier Deal Gives Irvine Group Status

MEDIA: Adds 9 titles to Cycle World; 6 pubs go to GrindMedia

Cycle World’s publisher buys motorcycle magazines, shifts six titles in TransWorld action-sports group

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MV Drug Maker Raises $3.6M to Cover Overhead

HEALTHCARE: Aeolus could seek development partners

Aeolus Pharmaceuticals Inc. has filed documents with the Securities and Exchange Commission showing it completed a stock sale that raised $3.6 million to pay overhead in the immediate future.

OC’s Deal With NBA: No Team, Plenty of Ties

OC INSIDER Column by Jerry Sullivan

Greenlight’s New Owner Plans to Expand From Brand’s Irvine Base

FINANCE: Nationstar to keep management after $75M buy

Irvine-based Mortgage lender Greenlight Financial Services Inc. is set to expand its brand nationally and continue to hire employees under new owner Nationstar Mortgage Holdings Inc.

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Shea Properties Back in OC With Surf City Industrial Project

REAL ESTATE: Hot sector has local, national developers looking for land

Add Aliso Viejo-based Shea Properties to the growing list of local and national developers eyeing older Orange County commercial sites for new industrial projects.

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Raj Rebounds With Stake in NBA Team

SPORTS: Swimwear entrepreneur sees global potential in Kings

Raj Bhathal will acquire a “significant” stake in the Sacramento Kings when its $535M sale closes

Icy Innovation

Former High School Teacher Has Big-Time Ballers as Backers

SPORTS: A few years ago, Anthony Katz was preparing lectures on the industrial revolution and Civil War. Now he’s rubbing shoulders with some of the top athletes in the world.

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Sculpting Sales

OC Design Studios Part of Global ‘Imperative’ for Hyundai, Kia

AUTOMOTIVE: The past few years have brought dramatic change for Irvine-based Kia Motors America Inc. and Hyundai Motor America Inc. in Costa Mesa.

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Friday, May 24

Midday Stock Roundup

The S&P 500 fell 0.38% to 1,644.24 in afternoon trading Friday.

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Quiksilver Taps Former Adidas Exec as Marketing Chief

Huntington Beach-based Quiksilver Inc. hired its first-ever chief marketing officer, capping off a string of executive hires and promotions under new Chief Executive Andy Mooney.

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Quality Systems Posts Loss, Names New Director

Irvine-based Quality Systems Inc. on Thursday reported a loss for the quarter ended in March and named a new director.

Irvine Exec to Head Chase Mid-Market in Western U.S.

Chase Bank has promoted Paul Kaufman to manager of the bank’s middle-market business in eight states in the Western region.

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Thursday, May 23

Irvine Exec to Head Chase Mid-Market in Western U.S.

Chase Bank has promoted Paul Kaufman to manager of the bank’s middle-market business in eight states in the Western region.

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Quality Systems Posts Loss, Names New Director

Irvine-based Quality Systems Inc. today reported a loss in the three months ended in March and named a new director.

Midday Stock Roundup

The S&P 500 fell 0.36% to 1,649.31 in afternoon trading Thursday.

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Billabong Explores West 49 Sale

Australia-based Billabong International Ltd. is looking to sell its Canadian retail chain West 49 separate from the rest of its operations, according to a report.

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PacSun Pop-Up Brings Brand to SoHo

Anaheim-based Pacific Sunwear of California Inc. has picked New York's SoHo shopping district for its first ever pop-up shop, a move that follows better-than-expected first-quarter results.

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Opus Bank Continues Expansion

Irvine-based Opus Bank will open new banking offices in Rancho Santa Margarita and San Rafael in the third quarter.

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Auto Club Agrees to $70M Rate Reduction

The Automobile Club of Southern California has agreed to a rate change for its auto-insurance policyholders that would amount to about $70 million in cuts.

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CSUF Tops State on Latino Grads

California State University, Fullerton, again ranked No. 1 statewide for awarding the highest number of undergraduate and graduate degrees to Latino students.

Kazarian to Industry Hall of Fame

Irvine resident Arthur “Art” Kazarian was inducted into the Environmental Industry Associations Hall of Fame on May 21 at a national awards ceremony in New Orleans.

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Wednesday, May 22

CSUF Tops State on Latino Grads

California State University, Fullerton, again ranked No. 1 statewide for awarding the highest number of undergraduate and graduate degrees to Latino students.

Kazarian to Industry Hall of Fame

Irvine resident Arthur “Art” Kazarian was inducted into the Environmental Industry Associations Hall of Fame on May 21 at a national awards ceremony in New Orleans.

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PacSun Shares Jump on Quarterly Results

Shares of Anaheim-based Pacific Sunwear of California Inc. shot up as the business continues to steadily improve for the action-sports retailer.

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Midday Stock Roundup

The S&P 500 rose 0.56% to 1,678.49 in afternoon trading Wednesday.

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UCI Chemists Devise Potential Urine Test for Prostate Cancer

The University of California, Irvine, said today that research done by its chemistry faculty could lead to the development of an early detection test for prostate cancer.

Reports: Former GM Exec in Bid for Fisker

A startup automaker led by a former General Motors Corp. executive is reportedly in talks on a possible deal to buy struggling Fisker Automotive Inc.

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Tuesday, May 21

Reports: Former GM Exec in Bid for Fisker

A startup automaker led by a former General Motors Corp. executive is reportedly in talks on a possible deal to buy struggling Fisker Automotive Inc.

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Midday Stock Roundup

The S&P 500 rose 0.28% to 1,671 in afternoon trading Tuesday.

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Bonnier Bolsters Motorcycle Portfolio

Bonnier Corp., publisher of Irvine-based Cycle World, acquired nine motorcycle magazines and will shift six titles in its TransWorld action sports group to GrindMedia in San Clemente.

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Tesoro Unveils La Palma Plans on BP Buy

About 90 employees of BP plc-Arco will remain in La Palma with a new employer after the company sells its refinery in Carson and its 800 or so Arco service stations to Tesoro Companies Inc.

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Meade Instruments Shares Rise on Acquisition Talk

Shares of Meade Instruments Corp. skyrocketed Monday in its first trading session since the Irvine-based company announced it was set to be acquired for $4.5 million by the North American unit of Jinghua Optics & Electronics Co.

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Monday, May 20

Tesoro to Trim Office, Staff in La Palma on BP Buy

BP plc-Arco will shed about 250 employees in La Palma after it sells its refinery in Carson and its 800 or so Arco service stations to Tesoro Companies Inc.

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Meade Instruments Shares Rise on Acquisition Talk

Shares of Meade Instruments Corp. skyrocketed Monday in its first trading session since the Irvine-based company announced it was set to be acquired for $4.5 million by the North American unit of Jinghua Optics & Electronics Co.

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Midday Stock Roundup

The S&P 500 fell 0.01% to 1,667.31 in afternoon trading Monday.

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Qlogic Shares Drop After Chief Resigns

Shares of QLogic Corp. are down Monday in its first trading session following the resignation of Chief Executive Simon Biddiscombe.

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Sprint Nextel Executive Joins Mindspeed’s Board

Sprint Nextel Corp.’s product development chief has joined the board of directors of Newport Beach-based chipmaker Mindspeed Technologies Inc.

New CEO for Toll Roads

Transportation industry veteran Neil Peterson has agreed to take the chief executive post of the Transportation Corridor Agencies in Irvine.

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Saturday, May 18

Reports: Billabong Executives Depart

Executives at Billabong International Ltd.’s namesake and other brands reportedly left the company as possible sale talks drag on

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William Lyon IPO Raises $217.5M

Shares of Newport Beach-based William Lyon Homes traded above their offering price on the day of the company’s initial public offering last Thursday.

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Drones Startup Gets $10.7 Million

Airware, a Newport Beach startup that makes operating system software for commercial drones, raised $10.7 million in its first funding round.

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Employment Agencies Post Smaller Gain Amid Job Growth

THE LIST: Combined revenue up for 3rd year; Select Staffing No. 1

Includes the 2013 OC's LARGEST EMPLOYMENT AGENCIES list for download (pdf)

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Bixby Land Co. On Office-Redos Roll

REAL ESTATE: Local projects joining those in Silicon Valley

The Irvine-based real estate investor and developer has found a niche of late as something of an office fixer-upper

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Toba in $12M Round for Big Data Analytics Firm

TECHNOLOGY: Second OC investment for Smith’s VC firm

The venture capital firm launched by former Quest Software Inc. Chief Executive Vinny Smith has invested in its second local company.

Retail Development Revs Up in Laguna Hills

REAL ESTATE: Upscale demographics draw renovations

Retail construction in Orange County has been a rarity over the past three years, but the city of Laguna Hills appears ready to make up for lost time.

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Will ICU Have a Ball With Sale Talk? Mike Makes $5M Statement

OC INSIDER Column by Jerry Sullivan

Irvine Office Might Be Year’s First to Top $100 Million Mark

REAL ESTATE: Industry sources expect high rise to reach benchmark

2030 Main Street office likely to be OC’s first building to trade hands for more than $100M this year

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Nielsen Expositions to Stay in Orange County

SERVICES: Private equity firm plans growth after $950M buy

Nielsen Expositions will keep its headquarters in Orange County and pursue strategic acquisitions under Toronto-based private equity firm Onex Corp.

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Will ICU Draw Next $1B Deal in OC’s Device Sector?

HEALTHCARE: No shortage of suitors seen; $234M pile of cash

San Clemente company might be the next major deal in OC’s medical device sector

CBC Alliance Grows OC Operations With Local Buy

Strikes Deal With Bridge Commercial Properties

Coldwell Banker Commercial Alliance is beefing up its local operations by acquiring another area brokerage with a niche in representing smaller businesses, in Real Estate

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CALENDAR - May 20-29 and June 4, 2013

A listing of events happening all around Orange County.

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By the Numbers - Businesses in Laguna Hills

There are more than 1,700 businesses in Laguna Hills, and they collectively employ about 17,800 people. Includes analysis, charts and figures.

REAL ESTATE DEALS - May 20, 2013

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

Venture Capital Conference Aims to Grow Numbers

Organizers Expect More People From Across State

This week’s presenting companies at Octane’s annual VC in the OC conference are hoping to match the fundraising success of last year’s group, in Technology

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Asics National Campaign Touts New Collection

“Next” Features Training Gear, Athletes, TV Time

Asics America Corp. of Irvine is kicking off a national advertising campaign called “Next” to promote the athletic apparel manufacturer’s new collection designed for training, in Media and Marketing.

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Quality Lays Out New Approach, $1 Billion Goal

Aims to Grow Sales, Doing More Revenue Management

Irvine-based Quality Systems Inc. showed off several aspects of its business this month at an analyst meeting, in Healthcare.

Signs of Stability Showing for Retail

RETAIL SPACE

SPECIAL REPORT-COMMERCIAL REAL ESTATE: Retail Space

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Industrial Space Stays Hot

INDUSTRIAL SPACE

SPECIAL REPORT-COMMERCIAL REAL ESTATE: Industrial Space

Office Market Off to Healthy Start

OFFICE SPACE

SPECIAL REPORT-COMMERCIAL REAL ESTATE: Office Space

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New Life for Old Gym Part of Creative-Office Trend

Investors With Cash Grow Keen on Collaborative Space

SPECIAL REPORT-COMMERCIAL REAL ESTATE: Not your father’s office

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ADDENDUM - May 20, 2013

Other news items of interest from the Orange County Business Journal

PHILANTHROPY

PHILANTHROPY Column by Kim Haman

Women-Owned Businesses Wanted for Annual List

ECONOMY: Subject of special report scheduled for July 8

The Business Journal is looking for Orange County-based companies that are at least 51% women-owned for our upcoming list of women-owned businesses.

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Edwards Lifesciences in Stock Buyback

Irvine-based Edwards Lifesciences Corp. said last week that its board authorized a $750 million buyback of its stock.

Ads’ Aim: Put Recession in Rear-View Mirror

RGP Wants More Than “Modest Growth”

RGP is putting some kick into its marketing with an advertising campaign that includes its first-ever TV spots to go with print and radio buys.

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Sage Turns Page

Software Maker’s Irvine HQ Poised for Growth Amid Consolidation, Refocus

Sage North America’s next act: addition by subtraction

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Friday, May 17

New CEO for Toll Roads

Transportation industry veteran Neil Peterson has agreed to take the chief executive post of the Transportation Corridor Agencies in Irvine.

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Midday Stock Roundup

The S&P 500 rose 0.46% to 1,657.98 in afternoon trading Friday.

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Sprint Nextel Executive Joins Mindspeed’s Board

Sprint Nextel Corp.’s product development chief has joined the board of directors of Newport Beach-based chipmaker Mindspeed Technologies Inc.

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OC Jobless Rate Down to 5.7%

Orange County’s unemployment rate dropped to 5.7% last month from 6.3% in March, helped by the addition of 3,300 jobs over the month.

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Quiksilver Outlines Details of 'Improvement Plan'

Huntington Beach-based action sports apparel maker Quiksilver Inc. released the details of what it’s calling a “Multi-Year Improvement Plan.”

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Goodwill Opens First Boutique Store

Santa Ana-based Goodwill of Orange County celebrated the opening of its first boutique store in Tustin on Friday morning.

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Hyundai Signs on to Energy Department Public-Private Partnership

Costa Mesa-based Hyundai Motor America Inc. has joined with several other automakers and companies in the hydrogen and fuel cell industries to form a public-private partnership with the U.S. Department of Energy.

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Universal Protection Expands Into Nevada, Hawaii

Universal Protection Service has acquired Burbank-based Sky Security Services, a deal that gives the Santa Ana-based company entry into Nevada and Hawaii.

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Green Automotive Gets Stake in Electric Bike Company

Newport Beach-based startup Green Automotive Co. has acquired a 30% stake in Powabyke EV Ltd., an electric-bicycle brand owned by Metroelectric PLC in the U.K.

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Iteris Has Mixed Quarter

Santa Ana-based Iteris Inc. on Thursday reported mixed financial results for the March quarter.

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Quantum to Raise $2.7M in Direct Offering

Lake Forest-based Quantum Fuel Systems Technologies Worldwide Inc. on Thursday announced it will raise $2.7 million in a direct offering for working capital and other general corporate purposes.

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Thursday, May 16

Hyundai Signs on to Energy Department Public-Private Partnership

Costa Mesa-based Hyundai Motor America Inc. has joined with several other automakers and companies in the hydrogen and fuel cell industries to form a public-private partnership with the U.S. Department of Energy.

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Quiksilver Outlines Details of 'Improvement Plan'

Huntington Beach-based action sports apparel maker Quiksilver Inc. released the details of what it’s calling a “Multi-Year Improvement Plan.”

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Iteris Has Mixed Quarter

Santa Ana-based Iteris Inc. on Thursday reported mixed financial results for the March quarter.

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Universal Protection Expands Into Nevada, Hawaii

Universal Protection Service has acquired Burbank-based Sky Security Services, a deal that gives the Santa Ana-based company entry into Nevada and Hawaii.

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Quantum to Raise $2.7M in Direct Offering

Lake Forest-based Quantum Fuel Systems Technologies Worldwide Inc. on Thursday announced it will raise $2.7 million in a direct offering for working capital and other general corporate purposes.

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Green Automotive Gets Stake in Electric Bike Company

Newport Beach-based startup Green Automotive Co. has acquired a 30% stake in Powabyke EV Ltd., an electric-bicycle brand owned by Metroelectric PLC in the U.K.

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Midday Stock Roundup

The S&P 500 fell 0.11% to 1,657.03 in afternoon trading Thursday.

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Shares of William Lyon Homes Rise After IPO

Shares of Newport Beach-based William Lyon Homes were trading above their offering price on Thursday, following the homebuilder’s return to the New York Stock Exchange.

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Reports: Billabong Sees Exec Turnover

Executives at Billabong International Ltd.’s namesake and other brands have reportedly left the company as possible sale talks drag on for the Australia-based surfwear company.

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Strathspey Crown Taps Deutsche Bank Vet

Healthcare-focused private equity firm Strathspey Crown LLC has tapped banking industry veteran Vikram Malik as a managing partner.

Shigematsu CEO of American First Credit Union

La Habra-based American First Credit Union has named Jon Shigematsu its new chief executive.

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Drone Software Startup Gets Funding

Airware, a Newport Beach startup that makes operating systems software for commercial drones, has raised $10.7 million in its first funding round.

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Wednesday, May 15

Reports: Billabong Sees Exec Turnover

Executives at Billabong International Ltd.’s namesake and other brands have reportedly left the company as possible sale talks drag on for the Australia-based surfwear company.

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Shigematsu CEO of American First Credit Union

La Habra-based American First Credit Union has named Jon Shigematsu its new chief executive.

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Drone Software Startup Gets Funding

Airware, a Newport Beach startup that makes operating systems software for commercial drones, has raised $10.7 million in its first funding round.

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Midday Stock Roundup

The S&P 500 rose 0.49% to 1,658.39 in afternoon trading Wednesday.

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Taco Bell Promotes Niccol to President

Irvine-based Taco Bell Corp. said it has promoted its former head of marketing to president as part of the company’s 10-year growth plan.

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Casanova Pendrill on Frozen Food Industry Account

Casanova Pendrill in Costa Mesa and two of its sister advertising agencies have been tapped by the Frozen Food Roundtable of McLean, Va., to develop a national consumer campaign promoting the benefits of frozen foods.

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Pacific Mercantile Has Q1 Loss

Costa Mesa-based Pacific Mercantile Bancorp reported a net loss of $3.2 million in the first quarter, compared with a $1.4 million profit the same time a year ago.

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Women-Owned Businesses Wanted for Annual List

The Business Journal is looking for Orange County-based companies that are at least 51% women-owned and have a minimum of $5 million in yearly sales for the 12 months ended December 2012 for our annual list of women-owned businesses.

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Tuesday, May 14

Casanova Pendrill on Frozen Food Industry Account

Casanova Pendrill in Costa Mesa and two of its sister advertising agencies have been tapped by the Frozen Food Roundtable of McLean, Va., to develop a national consumer campaign promoting the benefits of frozen foods.

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Taco Bell Promotes Niccol to President

Irvine-based Taco Bell Corp. said it has promoted its former head of marketing to president as part of the company’s 10-year growth plan.

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Midday Stock Roundup

The S&P 500 rose 0.86% to 1,647.83 in afternoon trading Tuesday.

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$750 Million Buyback, CFO Search for Edwards

Irvine-based Edwards Lifesciences Corp. said today that its board authorized a $750 million buyback of its stock.

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Opus Bank Launches Healthcare Division

Irvine-based Opus Bank has launched a division focused on providing financing to healthcare professionals.

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Hyatt Regency Newport Beach Renovation Completed

A $15 million renovation of the Hyatt Regency Newport Beach is now complete.

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Dior Exhibit Opens at South Coast Plaza

Elizabeth Segerstrom was on hand last week at the South Coast Plaza Dior store for the opening of a new exhibit celebrating the work of the French luxury house.

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$680,000 Raised for Surfing Heritage & Culture Center

The Surfing Heritage & Culture Center—formerly called the Surfing Heritage Foundation—recently raised about $680,000 through live and silent auctions featuring surfboards, books and other items.

Monday, May 13

$680,000 Raised for Surfing Heritage & Culture Center

The Surfing Heritage & Culture Center—formerly called the Surfing Heritage Foundation—recently raised about $680,000 through live and silent auctions featuring surfboards, books and other items.

Dior Exhibit Opens at South Coast Plaza

Elizabeth Segerstrom was on hand last week at the South Coast Plaza Dior store for the opening of a new exhibit celebrating the work of the French luxury house.

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Hyatt Regency Newport Beach Renovation Completed

A $15 million renovation of the Hyatt Regency Newport Beach is now complete.

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Midday Stock Roundup

The S&P 500 rose 0.06% to 1,634.67 in afternoon trading Monday.

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Homebuilder City Ventures Planning IPO

Newport Beach-based City Ventures Inc. is the latest Orange County homebuilder looking to go public via an initial public offering.

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Merrill Edge: About Half in OC Put Off Retirement

Many Orange County residents are deferring retirement as they put an emphasis on building their nest eggs, according to a survey conducted by Merrill Edge, part of Bank of America's consumer bank.

Saturday, May 11

FDA Committee Recommends Allergan Face Filler

Says Nonbinding Nod Figures in Final Decision

Allergan Inc. is a step closer to expanding its lower-face filler lineup, in Healthcare

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CALENDAR - May 14-22 and June 4, 2013

A listing of events happening all around Orange County.

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Mobilitie: Bringing 4G Wireless to a Venue Near You

TECHNOLOGY: Sold most traditional cellphone towers

Mobilitie LLC made its first major windfall by improving wireless coverage across the country, one cellphone tower at a time.

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Western Digital Makes Strides on Strategic Shift Beyond PCs

TECHNOLOGY: Corporate sector, cloud to claim more than half of sales

Western Digital Corp.’s strategy to diversify product offerings into the corporate sector and cloud has distanced the Irvine-based company from its long-held reliance on a PC market in long-term decline.

Economic Recovery Shows in Coastal Luxury Sales

Homes, Lots Move Faster, Closer to Asking Prices

LUXURY HOMES Column by Kim Haman

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ADDENDUM - May 13, 2013

Other news items of interest from the Orange County Business Journal

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Faster Customs Clearance at John Wayne

International passengers arriving at John Wayne Airport now have the option of participating in the U.S. Customs and Border Protection’s Global Entry program.

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La Jolla Group Names New Chief Executive

Irvine-based apparel licensor La Jolla Group Inc. last week named a new chief executive from within the company’s ranks, an appointment that took effect immediately.

$950M for Nielsen Expositions in South County

Trade show organizer Nielsen Expositions in San Juan Capistrano agreed to be acquired by Toronto-based private equity firm Onex Corp. for $950 million.

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Rolls-Royce to Buy Huntington Beach Maker of Engine Parts

AEROSPACE: Wants tech for lighter components

Aerospace and defense manufacturer Rolls-Royce PLC has acquired a Huntington Beach-based parts supplier in its first acquisition in Southern California.

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Vehicle Manufacturing Startup Plans Move to Riverside

Newport Beach-based startup Green Automotive Co. has been plenty busy lately, thanks in part to recent orders for hundreds of shuttle buses to be delivered in two years.

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CJ Foods Follows Fullerton Plant With New HQ in La Palma

MANUFACTURING: Korean food maker now in Commerce

Korean food company CJ Foods Inc. plans to move its corporate headquarters from Commerce to La Palma this summer.

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OC 50: Influences—and Influentials— From All Over

OC INSIDER by Jerry Sullivan

Link, Mazzo Set to Headline for Octane

HEALTHCARE: Co-chairs of summit on ophthalmology

A couple of high-profile vets of OC’s medical device sector have put their names behind summit

OC 50: Real Estate

SPECIAL REPORT - OC 50 - New faces of influence: Real Estate

OC 50: Technology

SPECIAL REPORT - OC 50 - New faces of influence: Technology

High-Rise Office Vacancies Continue to Fall

REAL ESTATE WATCH: HIGH-RISE OFFICE MARKET

High-rise office vacancies continue to fall

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OC 50: New Faces of Influence

Biggest Turnover in 21-Year History

This year’s OC 50 has an unprecedented infusion of new blood.

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Oakley’s Not Just About Sunglasses—Or Men

APPAREL: Campaign for training gear targets females as growth market

Executives at eyewear and apparel maker Oakley Inc. hope to grow women’s apparel sales with a focus on activewear and a new side to the company’s bold attitude.

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Family to Resume Control of Lyon Homes

REAL ESTATE: Value of homebuilder could top $700M

Irvine CoA planned return to the New York Stock Exchange for William Lyon Homes will put the Newport Beach-based homebuilder’s namesake family back in charge of its operations.mpany hikes homebuilding, apartment execs

$5.6M Per Acre for Land Parcel in Newport Center

Cost One of Highest Per Acre For Homes in Years

The New Home Co., development partner pay top dollar for land slated to hold the Meridian project, in Real Estate

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Irvine Co. Hikes Homebuilding, Apartment Execs

REAL ESTATE: New president posts reflect building boom

The boom in development for Irvine Company’s homebuilding and apartment divisions has led to a reshuffling of executive duties at the Newport Beach-based real estate company.

Reset or Riptide?

Quiksilver, Billabong Look to Get Back on Track

Two of the surfwear industry’s largest companies—Quiksilver and Billabong—stand at a crossroads, and executive turnover among other changes may be keys to finding their way.

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OC 50: Manufacturing

SPECIAL REPORT - OC 50 - New faces of influence: Manufacturing

OC 50: Services

SPECIAL REPORT - OC 50 - New faces of influence: Services

OC 50: Apparel

SPECIAL REPORT - OC 50 - New faces of influence: Apparel

OC 50: Education

SPECIAL REPORT - OC 50 - New faces of influence: Education

By the Numbers - Buena Park Businesses

Buena Park has more than 1,300 businesses, and they collectively employ nearly 24,000 people. Includes analysis, charts and figures.

OC 50: Healthcare

SPECIAL REPORT - OC 50 - New faces of influence: Healthcare

OC 50: Finance

SPECIAL REPORT - OC 50 - New faces of influence: Finance

REAL ESTATE DEALS - May 13, 2013

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

Sanuk of Irvine Names PR Agency of Record

Company Will Launch Marketing Campaign

MWW is now the public relations agency of record for Irvine-based footwear manufacturer Sanuk, in Media & Marketing

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Western Digital Keeps Biggest Disk Drive Maker Title

Still Has Narrow Edge Over Rival Seagate

Western Digital Corp. held on to its title as the world’s largest drive maker in terms of units sold and overall revenue, in Technology

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Friday, May 10

Homebuilder City Ventures Planning IPO

Newport Beach-based City Ventures Inc. is the latest Orange County homebuilder looking to go public via an initial public offering.

Midday Stock Roundup

The S&P 500 rose 0.15% to 1,629.05 in afternoon trading Friday.

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Vans Creates Americas Division

Cypress-based Vans Inc. promoted its head of marketing to lead a new Americas division at the company.

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Billabong Sale Talks Continue

Shares of Australian surfwear company Billabong International Ltd. have been halted indefinitely as sale talks continue for the company.

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Boot Barn to Add 30 Stores With Baskins Buy

Irvine-based Boot Barn announced plans to acquire a Texas western wear retailer.

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Post Modern Sold for $24M

Irvine-based production and post-production services company Post Modern Group LLC is being sold.

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Knott’s Drives Q1 Revenue Gain for Cedar Fair

Buena Park amusement park Knott’s Berry Farm helped drive an increase in first-quarter revenue for its parent Cedar Fair LP.

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Disneyland Resort Sees Strong Attendance

The Disneyland Resort in Anaheim, along with Burbank-based Walt Disney Co.’s other domestic parks helped boost the company’s performance during the second quarter.

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Thursday, May 9

Boot Barn to Add 30 Stores With Baskins Buy

Irvine-based Boot Barn announced plans to acquire a Texas western wear retailer.

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Post Modern Sold for $24M

Irvine-based production and post-production services company Post Modern Group LLC is being sold.

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Vans Creates Americas Division

Cypress-based Vans Inc. promoted its head of marketing to lead a new Americas division at the company.

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Billabong Sale Talks Continue

Shares of Australian surfwear company Billabong International Ltd. have been halted indefinitely as sale talks continue for the company.

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Knott’s Drives Q1 Revenue Gain for Cedar Fair

Buena Park amusement park Knott’s Berry Farm helped drive an increase in first-quarter revenue for its parent Cedar Fair LP.

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Midday Stock Roundup

The S&P 500 fell 0.03% to 1,632.20 in midday trading Thursday.

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Wet Seal Up on Better-Than-Expected Sales, Revised Guidance

Shares of Foothill Ranch-based retailer Wet Seal Inc. rose on new guidance that projects a profit for the quarter ended May 4.

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First PacTrust Swings to Profit in Q1

Irvine-based First PacTrust Bancorp Inc. swung to a profit in the first quarter, beating analysts’ estimates.

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Blizzard Posts Strong Q1

Strong first quarter sales of StarCraft II: Heart of the Swarm helped Irvine-based video game maker Blizzard Entertainment Inc. grow revenue and operating income in the first quarter, despite another big drop in online subscriptions.

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STEC Sales Fall, Loss Narrows in Q1

Santa Ana-based disk drive maker STEC Inc. on Wednesday reported first quarter revenue in line with Wall Street expectations and a loss slightly lower than consensus estimates.

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Wednesday, May 8

STEC Sales Fall, Loss Narrows in Q1

Santa Ana-based disk drive maker STEC Inc. on Wednesday reported first quarter revenue in line with Wall Street expectations and a loss slightly lower than consensus estimates.

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Blizzard Posts Strong Q1

Strong first quarter sales of StarCraft II: Heart of the Swarm helped Irvine-based video game maker Blizzard Entertainment Inc. grow revenue and operating income in the first quarter, despite another big drop in online subscriptions.

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Midday Stock Roundup

The S&P 500 was up 0.39% to 1,630.63 in early afternoon trading Wednesday.

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JWA Rolls Out Expedited Customs

International passengers arriving at John Wayne Airport now have the option of participating in the U.S. Customs and Border Protection’s Global Entry program.

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ICU Medical Jumps on Sale Buzz

Shares of San Clemente-based ICU Medical Inc. shot up in trading today on reports that it was considering a sale.

Tuesday, May 7

Greenlight Agrees to $75M Sale

Irvine-based mortgage lender Greenlight Financial Services Inc. has agreed to be acquired by Nationstar Mortgage Holdings Inc. in Lewisville, Texas.

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Capital Bank Posts Gains

Capital Bank in San Juan Capistrano reported it tripled first-quarter net income, reaching $349,000.

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Midday Stock Roundup

The S&P 500 rose 0.41% to 1,624.20 in afternoon trading Tuesday.

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Sunstone Paying $309M for Boston, New Orleans Hotels

Aliso Viejo-based Sunstone Hotel Investors Inc. said it is paying a combined $309 million to acquire a pair of hotels, in Boston and New Orleans.

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Billabong Suspends Trading on Possible Sale

The parent of Irvine-based Billabong USA announced a halt on trading of its shares late Monday as the deadline looms for talks on a possible sale of the company.

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Rolls Royce PLC Buy HB Parts Maker

Huntington Beach-based aerospace parts maker Hyper-Therm High Temperature Composites Inc. has been acquired by Rolls-Royce PLC.

InstaMed Raises Money

InstaMed Inc., which has offices in Newport Beach and Philadelphia, said that it raised money in an internal round of funding.

Monday, May 6

Billabong Suspends Trading on Possible Sale

The parent of Irvine-based Billabong USA announced a halt on trading of its shares late Monday as the deadline looms for talks on a possible sale of the company.

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Rolls Royce PLC Buy HB Parts Maker

Huntington Beach-based aerospace parts maker Hyper-Therm High Temperature Composites Inc. has been acquired by Rolls-Royce PLC.

Nielsen Expositions to Be Acquired

Trade show organizer Nielsen Expositions in San Juan Capistrano has agreed to be acquired by Toronto-based private equity firm Onex Corp. for $950 million.

La Jolla Group Names New CEO

Irvine-based apparel licensor La Jolla Group Inc. has named a new chief executive from within the company's ranks, effective immediately.

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Midday Stock Roundup

The S&P 500 rose 0.21% to 1,617.84 in afternoon trading Monday.

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Sunday, May 5

Hager Pacific to Texas Border for Industrial Deal

REAL ESTATE: 16 buildings in cities at opposite ends of state

Hager Pacific Properties’ search for industrial property investments with strong upside potential has taken the company to a pair of Texas cities next to Mexico.

Allergan Boss Questions Critics’ Math on Clinical Trial

HEALTHCARE: Downplays Darpin delay, high on Levadex

Allergan Inc.’s chief executive is optimistic about the prospects for its newly acquired acute migraine headache drug, despite a regulatory setback.

Yokohama to Start US Tire Production

MANUFACTURING: HQ in Fullerton to oversee $300M plant

Fullerton-based Yokohama Tire Corp. is building a manufacturing plant in West Point, Miss., where it expects to make about a million tires a year

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TYR Looks to US Water Polo Deal for Summer Hit

APPAREL: Swim label aims to build on last year’s $80M in sales

Performance swimsuit maker TYR Sport Inc. hopes to make a splash this summer with new water polo and training gear lines that will arrive as a branded sports drink rolls out.

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Swiss Equipment Maker Expands With Cypress Hub

REAL ESTATE: 10-year lease, OC consolidation part of plan

Cavotec plans to expand its West Coast manufacturing operations after inking new industrial lease

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Reddam’s Derby Dibs: $40M; 51st Just as Special for Argyroses

OC INSIDER Column by Jerry Sullivan

FivePoint’s New Amenity for Great Park: Momentum

REAL ESTATE: Hot start for land sales; 2nd phase under way

A land sale that brought in close to $200 million has FivePoint Communities Management Inc.’s Emile Haddad thinking about the second phase of development at the Great Park Neighborhoods in Irvine.

Behind Simon’s Buyout: New Target for RSI’s Cabinet Operations

MANUFACTURING: Deal signals push into high end of home market

Ron Simon’s recent buyout of the private equity firm that owned half of his RSI Home Products Inc. did more than double his holdings in the Anaheim-based cabinet maker.

La Habra Apartments Change Hands for $19 Million

Local Buyer Acquires 1960s Il Pompeii Complex

Il Pompeii, an apartment complex in La Habra, has changed hands for $19 million, in Real Estate

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$875M Shopping List for Irvine Co.?

REAL ESTATE: Mortgage package on prime offices hints at more buys

An $875 million financing deal for the Irvine Company provides a rare glimpse into the operations and balance sheet of Orange County’s dominant office landlord.

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OC-Style Eateries Rise to the Top in Laguna Beach

DePalma Back at Old Spot, Katsuya Leaves PCH

OC-style eateries rise to the top in Laguna Beach, in Executive Dining

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By the Numbers - ORANGE COUNTY SMALL BUSINESSES

There are more than 71,000 small businesses in Orange County, and they collectively employ nearly 560,000 people. Includes analysis, charts and figures.

REAL ESTATE DEALS - May 6, 2013

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

CleanTech OC Makes Laguna Beach Native New Head

Banking Expert Wants Growth Through Outreach

A Laguna Beach native with a deep background in investment banking has been tapped as the new executive director of CleanTech OC, in Technology

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Greater L.A. Industrial Up, Office Ends Streak on Positive Absorption

REAL ESTATE WATCH: GREATER LOS ANGELES

Greater L.A. industrial up, office ends streak on positive absorption

Mazda Ad Campaign Biggest Since ‘Zoom-Zoom’

Push Follows Big Loss on North American Operations

Mazda ad campaign biggest since “Zoom-Zoom,” in Media and Marketing

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Cameron Defibrillator Tabbed for 6.4% Medicare Hike

Device Went to Boston Scientific in 2012 Sale

Implantable cardioverter defibrillators—including one developed in Orange County—could be in line for higher Medicare payments, in Healthcare

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Improving Economy Increases Demand for SBA’s 504

SBA Proposal Would Streamline Loan Application Process

SPECIAL REPORT - SMALL BUSINESS: Economic recovery spurs borrowers.

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SBA Lending Up, Not Necessarily Easy

Agency Advises Owners To Do Their Homework

SPECIAL REPORT - SMALL BUSINESS: Government-backed loans increase, but they’re not necessarily easy to get

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CALENDAR - May 6-14 and June 4, 2013

A listing of events happening all around Orange County.

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ADDENDUM - May 6, 2013

Other news items of interest from the Orange County Business Journal

PHILANTHROPY

Cathedral Cash Infusion

Philanthropy Column by Kim Haman

Opus Bank in Deal for 4 CB&T Branches

Opus Bank in Irvine has agreed to acquire four branches from San Diego-based California Bank & Trust.

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Commerce National Bank Agrees to Sale

Commerce National Bank in Newport Beach agreed last week to be acquired by Spokane, Wash.-based Sterling Financial Corp.

Universal Protection Buys in New York

Santa Ana-based private security company Universal Protection Service last week acquired Protection Plus Security Corp. in New York on undisclosed terms.

Leon Panetta Rejoins Corinthian Board

Former U.S. Secretary of Defense Leon Panetta has been named to the board of directors of Corinthian Colleges Inc. in Santa Ana.

No End in Sight as Olson Starts in Spectrum

Hotel Developer Also Eyes Old City Hall in Newport Beach, Pacific City in HB

Olson's pipeline could become a lot busier. It’s eyeing several other area sites for hotel development, including an adjacent site in the Spectrum.

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Back to the Future?

MSC Software’s Apollo Program Legacy, Modern Challenges

MSC’s move to Newport Beach later this year will be latest step by Dominic Gallello to cut costs, improve efficiencies

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Biggest SBA Lenders Give OC Borrowers $161.3M

San Diego Nonprofit Again Tops List, Despite 11% Drop in Loans

SPECIAL REPORT - SMALL BUSINESS: Biggest SBA lenders post increase. Includes the 2013 OC's BIGGEST SBA LENDERS list for download (pdf)

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Friday, May 3

Midday Stock Roundup

The S&P 500 passed the 1,600 mark on strong April jobs growth, rising 1.23% to 1,617.31 in afternoon trading Friday.

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Kawasaki Taps Auto Exec as Marketing Chief

Irvine-based Kawasaki Motors Corp. U.S.A. named former automotive executive Richard Beattie chief marketing and sales officer.

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TTM, M-Flex Report March Earnings

Orange County’s largest printed circuit board makers reported earnings for the March quarter after the close of trading Thursday.

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Masimo Meets Expectations on Q1 Profit

Shares of Irvine-based patient monitoring maker Masimo Corp. rose, a day after the company reported a first-quarter profit that met analysts’ expectations on revenue that surpassed forecasts.

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Universal Protection Buys in NY

Santa Ana-based private security company Universal Protection Service has acquired Protection Plus Security Corp. in New York on undisclosed terms.

Taco Bell Looking to Make Value Play With $1 Menu

Irvine-based Taco Bell Corp. is hoping to make the case for value with a multi-pronged approach that includes testing of a new dollar menu and limited-time offers among other expanded menu items.

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Thursday, May 2

Taco Bell Looking to Make Value Play With $1 Menu

Irvine-based Taco Bell Corp. is hoping to make the case for value with a multi-pronged approach that includes testing of a new dollar menu and limited-time offers among other expanded menu items.

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Kawasaki Taps Auto Exec as Marketing Chief

Irvine-based Kawasaki Motors Corp. U.S.A. named former automotive executive Richard Beattie chief marketing and sales officer.

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Universal Protection Buys in NY

Santa Ana-based private security company Universal Protection Service has acquired Protection Plus Security Corp. in New York on undisclosed terms.

TTM, M-Flex Report March Earnings

Orange County’s largest printed circuit board makers reported earnings for the March quarter after the close of trading Thursday.

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Masimo Meets Expectations on Q1 Profit

Irvine-based patient monitoring maker Masimo Corp. today reported a first-quarter profit that met analysts’ expectations on revenue that surpassed forecasts.

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Midday Stock Roundup

The S&P 500 rose 0.98% to 1,598.28 in afternoon trading Thursday.

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Eight Builders Tapped for First Great Park Home Site

Newport Beach’s William Lyon Homes is among a group of eight builders selected to build the first 726 homes at Irvine’s Great Park Neighborhoods, which is set to open for sales by the end of September.

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Automakers See Sales Pace Slow in April

OC-based automakers along with their peers nationally saw the pace of auto sales slow down last month.

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Commerce National Agrees to $42.9M Sale

Commerce National Bank in Newport Beach has agreed to be acquired by Spokane, Wash.-based Sterling Financial Corp. for about $42.9 million.

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Opus Gets 4 CB&T Branches

Opus Bank in Irvine has agreed to acquire four branches from San Diego-based California Bank & Trust.

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Wednesday, May 1

Automakers See Sales Pace Slow in April

OC-based automakers along with their peers nationally saw the pace of auto sales slow down last month.

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Opus Gets 4 CB&T Branches

Opus Bank in Irvine has agreed to acquire four branches from San Diego-based California Bank & Trust.

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Midday Stock Roundup

The S&P 500 fell 0.65% to 1,587.16 in afternoon trading Wednesday.

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Allergan Tumbles on Drug Delays

Shares of Irvine-based drug maker Allergan Inc. fell in early trading today after it lowered its full-year financial forecast.

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Mindspeed Up On Talk of Sale

Shares of Mindspeed Technologies Inc. jumped Wednesday, a day after after the Newport Beach-based chipmaker reported a lower-than-expected loss in the March quarter and announced it is weighing a possible sale.

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Ensign Group Buys in Nebraska, Washington

Nursing home operator Ensign Group Inc. said today that it bought a nursing home in Nebraska and a nursing home along with an assisted living facility in Washington state in separate deals. Terms were not disclosed.

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Solis Closes 2nd Fund With $61M

Newport Beach-based private equity firm Solis Capital Partners has closed its second fund with $61 million in commitments.

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Allergan Board Member Ryan Passes

Dr. Stephen Ryan, a board member of Irvine-based drug maker Allergan Inc., died Monday after a short illness.