Stories for September 2013

Monday, September 30

Autobytel Does Another Deal

Autobytel Inc. in Irvine acquired Advanced Mobile, LLC, a King of Prussia, Penn.-based provider of mobile communications services.

Alliance Stock Up in Advance of New CEO

Newport Beach-based Alliance HealthCare Services Inc.’s stock reached a 12-month high today in advance of the arrival of its new chief executive.

Midday Stock Roundup

The S&P 500 was off 0.59% to 1,681.77 in afternoon trading Monday.

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Identive Names Chair, Announces Executive Promotions

Santa Ana-based Identive Group Inc. has named Steven Humphreys as chairman.

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Walmart to Hire 200 in Garden Grove

Walmart Stores Inc. said it plans to hire about 200 workers for a Walmart Supercenter that’s expected to open in coming months in Garden Grove.

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CALENDAR OCBJ

Sept. 30-Oct. 9, 2013

A listing of business events happening all around Orange County.

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Sunday, September 29

Small-Town Feel, Big-Time Ambition on Great Park Homes

REAL ESTATE: 720-unit first phase opens, next 1,000 in works

The developer of the Great Park Neighborhoods in Irvine is looking to add a small-town spin to Orange County’s biggest new home development

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Engineering Firms Post Modest Gain on Local Billings

Good Year Is Industry’s Third in a Row After Declines

Orange County’s largest engineering firms saw increased business for a third year in a row. Includes the 2013 OC's LARGEST ENGINEERING FIRMS list for download (pdf)

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Architecture Firms Boost Billings by 13% In Recovery

35 Combine for 2% Employment Increase to 2,226 Positions

Orange County’s architecture firms rode the momentum of strengthening business opportunities through the past year. Includes the 2013 OC's LARGEST ARCHITECTURAL FIRMS list for download (pdf)

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Projects Stalled By Recession Back On for Local Firms

Architecture, Engineering Work Rises in Recovery

A rekindling of once-dormant development projects has been a boon to Orange County’s architecture and engineering firms

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Handshakes & Hardball at Taco Bell

Weston Put Old-School Honor in Frito-Lay Deal, Helped Hit Back on Lawsuit

Three years ago, Irvine-based Taco Bell Corp. Chief Executive Greg Creed summoned Vice President and General Counsel Ray Weston to his office.

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REAL ESTATE DEALS - September 30, 2013

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

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Solar Decathlon Brings College Try to Great Park

Competition Outside of D.C. for the First Time

More than 100,000 people are expected to visit Orange County Great Park in Irvine this week for the U.S. Department of Energy Solar Decathlon

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R&D Sector’s Second-Quarter Activity Up

REAL ESTATE WATCH: Research & Development Space

Orange County’s research and development sector had 750,651 square feet of gross activity in the second quarter

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Hollywood Trade Pubs Agree on Chapman Film Dean

Bob Bassett Named Media Mentor of the Year

Bob Bassett, founding dean of Orange-based Chapman University’s Dodge College of Film and Media Arts, was named Media Mentor of the Year by Variety

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Beckman Coulter Parent Bids for J&J Diagnostics

Other Companies With OC Ties in Conversation

Brea-based diagnostic testing machine and supply maker Beckman Coulter Inc. could get some company within parent Danaher Corp.’s life sciences and diagnostics unit.

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4-Car Garage Provides Parking Premium on Balboa Island

Also Boasts Boat Slips, Detailed Woodwork

The classically styled home at 1100 S. Bayfront in Newport Beach on Balboa Island sold on Sept. 20 for $5.9 million

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ADDENDUM - September 30, 2013

Other items of interest in the Orange County Business Journal

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HB Insurance Broker Makes $100M Buy

Huntington Beach-based insurance broker Confie Seguros Insurance Services has agreed to buy the retail unit of Addison, Texas-based Affirmative Insurance Holdings Inc.

Good to Great

Arbonne’s Top Lawyer Says ‘People Who Believe in You’ Make Difference

Ashley Good has a habit of jumping into new challenges and landing on her feet.

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Poverty to Pinnacle

Immigrant’s Parents Instilled Drive for Education, Motivated Ingram Micro Exec

Lily Hughes was at the head of the table during Ingram Micro Inc.’s tough negotiations to acquire Indianapolis-based wholesale distributor BrightPoint Inc.

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Keeping It Legal

Pimco Legal Chief Helps Bond Fund Manager Navigate a Complex World

Newport Beach-based Pacific Investment Management Co. can count on David Flattum

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Sensor Maker Grows Seal Beach Operation

Seal Beach-based data-sensor manufacturer Diversified Technical Systems Inc. has expanded its headquarters

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Kiani Takes Call for Patient Safety to U.S. Senate

HEALTHCARE: Masimo boss seeks muscle on movement

Joe Kiani’s patient safety movement went to Washington last week.

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Yorba Linda Campus Auction Tops $51M

REAL ESTATE: Hines, Oaktree expected to add to OC holdings

The largest office campus in Yorba Linda is under contract to be sold

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MVE Puts OC Stamp on China’s Boom

ARCHITECTURE: Masterplanned tech projects add to domestic rep

The grand opening of a masterplanned science park in China later this year will be the latest display of MVE Group’s international reach.

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Double Duty at WD

VP of Litigation Lehman Adds Chief Compliance Officer’s Role, Global Duties

Eva Lehman is on the front line of some of Corporate America’s most intriguing legal battles

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OC’s Other Theme Park Pros

Palace Fills Regional Niches in Shadow of Disney, Knott’s

Newport Beach-based Palace Entertainment got a noticeable rise

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Santa Ana Offices Could Bring $65 Million for Seller

Tustin Centre Complex Features 10-Story Tower

The two buildings that make up the nearly 280,000-square-foot Tustin Centre office complex are up for sale

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Friday, September 27

Midday Stock Roundup

The S&P 500 slipped 0.44% to 1,691.12 in afternoon trading Friday.

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Mexico Service Carries JWA August Traffic Growth

Passenger traffic at John Wayne Airport rose 1.5% to 850,988 in August.

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DarbeeVision Founder Passes

DarbeeVision Inc. founder Paul Darbee passed away on Monday

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OC Featured in Times Square

The Orange County Visitors Association made a splash in the heart of New York’s tourism trade.

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County Names New Public Works Director

Shane Silsby will take over as a director of County of Orange’s Public Works agency on Nov. 4.

Thursday, September 26

County Names New Public Works Director

Shane Silsby will take over as a director of County of Orange’s Public Works agency on Nov. 4.

Mexico Service Carries JWA August Traffic Growth

Passenger traffic at John Wayne Airport rose 1.5% to 850,988 in August.

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Midday Stock Roundup

The S&P 500 was up 0.38% to 1,699.23 in afternoon trading Thursday.

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MemorialCare Physician Group Gets New CEO

Fountain Valley-based MemorialCare Health System said today that Dr. Mark Schafer will be the new chief executive of its MemorialCare Medical Foundation doctors’ group.

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WD CFO Takes Job in Netherlands

Chief Financial Officer Wolfgang Nickl is leaving Western Digital Corp. to take a similar position with ASML Holding N.V. in the Netherlands, the Irvine-based company announced Wednesday.

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HB Insurance Broker Makes $100M Buy

Huntington Beach-based insurance broker Confie Seguros Insurance Services has agreed to buy the retail unit of Addison, Texas-based Affirmative Insurance Holdings Inc. for $100 million.

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Laguna Hills Investor Gets Stake of SF Software Maker

Laguna Hills-based private equity firm Parallax Capital Partners joined another investor to acquire a majority interest in San Francisco-based IdenTrust Inc. on undisclosed terms.

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BP Limo Company Buys in NB

United Limousine and Charter Inc. in Buena Park has acquired Newport Coast Limo.

Wednesday, September 25

WD CFO Takes Job in Netherlands

Chief Financial Officer Wolfgang Nickl is leaving Western Digital Corp. to take a similar position with ASML Holding N.V. in the Netherlands, the Irvine-based company announced Wednesday.

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Midday Stock Roundup

The S&P 500 was up 0.09% to 1,698.91 in afternoon trading Wednesday.

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Irvine VC Firm Breaks off Plan for Toronto Fund

Irvine-based investment firm Sail Capital Partners LLC has cancelled plans to set up a joint-venture fund in Toronto with Stifel Financial Corp., an initiative originally announced early last year.

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Marine Retailer's Flagship to Open at Via Lido Plaza

Watsonville-based West Marine Inc. has taken up space at the Via Lido Plaza shopping center in Newport Beach for its flagship store.

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Tuesday, September 24

Midday Stock Roundup

The S&P 500 was up 0.27% to 1,706.47 in afternoon trading Tuesday.

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Opus Bank Expands into Arizona

Irvine-based Opus Bank will enter Arizona with two offices in the Phoenix area.

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Biolase Announces $5M Stock Sale, Shares Up

Irvine-based Biolase Inc.’s shares surged today after the company said it received a commitment from an investment firm to buy $5 million of its stock.

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Purple Reigns for Alzheimer’s Campaign

The Orange County chapter of the Alzheimer’s Association is on the quest to paint the town purple. The Irvine-based non-profit has illuminated several well-known landmarks across the county with purple-tinged spotlights in a bid to rally community support for those affected by dementia, Alzheimer’s and other conditions related to memory loss.

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Monday, September 23

First American’s Kennedy to Fowler Law School Board

Parker Kennedy has joined the Chapman University Fowler School of Law’s Board of Advisors.

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Midday Stock Roundup

The S&P 500 was off 0.45% to 1,702.18 in afternoon trading Monday.

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CALENDAR OCBJ

Sept. 23-Oct. 2, 2013

A listing of business events happening all around Orange County.

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Sunday, September 22

Ad Agencies Rock Out With Their Other Creative Side

Nonprofit Group Solicits Agency Bands for Event

Four Orange County advertising agencies are competing Sept. 26 in AdJam: Battle of the Agency Bands

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Chemerinsky’s Next Gig: U.S. Supreme Court; Fast Growers Show Range

OC INSIDER Column by Jerry Sullivan

Knobbe Wants Resort Feel at Airport-Area Office

REAL ESTATE: Firm is partner, main tenant in 14-story tower

Knobbe Martens Olson & Bear LLP to bring a touch of the resort lifestyle to the Irvine office tower that holds its headquarters.

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Burnham Buys on Westcliff, Plans Makeover

REAL ESTATE: Gets high-end office, shops; sells big-box retail

Burnham USA Equities Inc. has added a high-profile office and retail property in Newport Beach to its portfolio

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8 OCers Place on Forbes 400

Eight members of the Business Journal’s annual OC’s Wealthiest list were included in the annual Forbes 400 list of wealthiest Americans last week.

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REAL ESTATE DEALS

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

Conexant Systems’ Cutbacks Felt in SD Office Market

Sheds 200,000-SF Lease; Complex to Sell for $34M

A San Diego office property’s value has dropped nearly $21 million due to the recent downsizing and financial restructuring at Irvine-based chipmaker Conexant Systems Inc.

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In-Flight Entertainment Industry Gathers in Anaheim

Expo Brings Together ‘IFE Triangle’ Companies

The future of in-flight entertainment was on full display this month at the Anaheim Convention Center

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Manufacturing and Warehouse Vacancy Rate Remains Low

REAL ESTATE WATCH: Manufacturing & Warehouse

The vacancy rate in the manufacturing and warehouse sector in Orange County finished the second quarter at 3%.

Highest Marks for Fastest Growers

ECONOMY: Tops on total revenue, number of companies

Orange County’s fastest-growing private companies combined for an average increase of 40% on sales. Includes the 2013 OC's FASTEST GROWING PRIVATE COs list for download (pdf)

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Botox Gets FDA Approval for Crow’s Feet Treatment

Also Wins British Plug For Female Incontinence

Allergan Inc.’s bellwether Botox has yet another new use.

By the Book

Colleges in Afghanistan, Fortune 500 Companies on Client List

Little was working in Tony DiCostanzo’s favor when he decided to go into bulk book distribution.

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About the Annual Fastest-Growing Private Companies List

The Business Journal’s annual list of fastest-growing private companies

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M&A Firm Takes Off

Momentum Builds for Defense, Aerospace Specialist

Janes Capital Partners Inc.’s recent momentum might look sudden, but it’s the latest leg in a steady run

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How Gallegos Grows

‘New Americanism’ Meets Mainstream Clients

There’s no shortage of controversy when it comes to immigrants and U.S. immigration policy.

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Mortgage Lender Branches Out, Up

Expands Beyond Southern California, Tops $180M in Revenue

Tustin-based New American Funding is increasing its geographic reach

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ADDENDUM September 23, 2013

Other items of interest in the Orange County Business Journal

The U.S. Department of Energy plans to auction off Anaheim-based Fisker Automotive Inc.’s remaining loan obligation of $168 million.

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PHILANTHROPY

Philanthropy Column by Kim Haman

Delivering Devices

Contract Manufacturer Chooses Carefully, Grows Steadily

R&D Medical Products Inc. has parlayed relationships and customer loyalty into growth.

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In-House Lawyers Pack House for Annual Awards Dinner

A crowd of more than 500 members, including many in Orange County’s legal community, turned out to see five people honored at the Business Journal’s fourth annual General Counsel Awards

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NAMM Inks 5-Year Deal in Anaheim

The Anaheim Convention Center will continue to be the venue for the National Association of Music Merchants annual trade show.

Billabong Takes New Financing Deal

The parent of Irvine-based Billabong USA announced a new chief executive and long-term financing agreement

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Beyond Its Years

5-Year-Old Home Healthcare Provider Specializes in “General Aging Issues”

Irvine-based Cerna Healthcare LLC’s growth has been fueled by its founder’s desire to help improve the lives of its customers.

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Moving Goods in Garden Grove

‘Matchmaker’ Links Brands With Retailers

Nick Seedorf saw an opportunity five years ago to fuse consulting services with standard logistics in the emerging business of mobile device accessories.

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Biolase Works Out Waiver on Loan

HEALTHCARE: Deal follows hit from short, stock plunge

Irvine-based Biolase Inc. has revised its credit agreement with Comerica Bank after falling out of compliance with loan covenants.

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Mitsubishi Motors’ Revival Plan Starts Small With Subcompact

AUTOS: Full rollout, advertising campaign set for next month

Mitsubishi Motors North America Inc. plans to start at the beginning as it seeks to regain its footing in the U.S. auto market.

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Emulex Extends Standstill; Street Speculates on Sale

TECHNOLOGY: Deal with one hedge fund good until Oct. 20

Emulex Corp. and its largest investor have extended a stand still agreement to Oct. 20

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Look Who’s Back

Stearns Lending operated with a bare-bones staff for a few years before regaining its feet.

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Friday, September 20

First American’s Kennedy to Fowler Law School Board

Parker Kennedy has joined the Chapman University Fowler School of Law’s Board of Advisors.

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Midday Stock Roundup

The S&P 500 was off 0.52% to 1,713.39 in afternoon trading Friday.

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OC Gains 2,400 Jobs, Unemployment Dips to 6.2%

Orange County’s economy added 2,400 jobs in August, helping drive the unemployment rate down to 6.2% from 6.5% in July.

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New President, COO at Ingram

Ingram Micro Inc. tapped its own board room for a new president and chief operating officer.

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OC Auto Sales Up in August

Sales of new cars at Orange County auto dealers were up 11.7% in August compared with a year earlier, according to the Newport Beach-based Orange County Automobile Dealers Association.

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PennySaver Sold for $22.5M

Brea-based direct-mail shopping publication PennySaver has been acquired by Los Angeles-based investor OpenGate Capital LLC for $22.5 million in a cash deal.

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Autobytel Gets Stake in AutoWeb

Irvine-based Autobytel Inc. has invested $2.5 million to help launch AutoWeb Inc.’s automotive advertising website, adding to its portfolio of similar ventures.

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Thursday, September 19

OC Auto Sales Up in August

Sales of new cars at Orange County auto dealers were up 11.7% in August compared with a year earlier, according to the Newport Beach-based Orange County Automobile Dealers Association.

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New President, COO at Ingram

Ingram Micro Inc. tapped its own board room for a new president and chief operating officer.

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PennySaver Sold for $22.5M

Brea-based direct-mail shopping publication PennySaver has been acquired by Los Angeles-based investor OpenGate Capital LLC for $22.5 million in a cash deal.

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Autobytel Gets Stake in AutoWeb

Irvine-based Autobytel Inc. has invested $2.5 million to help launch AutoWeb Inc.’s automotive advertising website, adding to its portfolio of similar ventures.

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Midday Stock Roundup

U.S. stock markets eased off record highs seen yesterday after the Federal Reserve said it would continue its monthly bond-buying program.

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Billabong Takes New Financing Deal

The parent of Irvine-based Billabong USA announced a new chief executive and long-term financing agreement in the latest twist for the struggling action sports apparel maker and retailer.

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Diocese Names Architects for Christ Cathedral Renovation

The Roman Catholic Diocese of Orange has named Rios Clemente Hale Studios and Johnson Fain, two Los Angeles-based architecture firms, to head the planned renovation of Christ Cathedral in Garden Grove.

Testing Company CombiMatrix Files to Sell Stock

Irvine-based CombiMatrix Corp. has filed papers with the Securities and Exchange Commission to sell $10 million worth of stock and warrants.

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Wednesday, September 18

Billabong Takes New Financing Deal

The parent of Irvine-based Billabong USA announced a new chief executive and long-term financing agreement in the latest twist for the struggling action sports apparel maker and retailer.

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Diocese Names Architects for Christ Cathedral Renovation

The Roman Catholic Diocese of Orange has named Rios Clemente Hale Studios and Johnson Fain, two Los Angeles-based architecture firms, to head the planned renovation of Christ Cathedral in Garden Grove.

Midday Stock Roundup

The S&P 500 slipped 0.08% to 1,703.33 in afternoon trading Wednesday.

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In-House Lawyers Pack House for Annual Awards Dinner

A crowd of more than 500 members of the Orange County legal community turned out to see five of their colleagues honored at the Business Journal’s fourth annual General Counsel Awards at the Hyatt Regency Irvine last night.

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Fisker DOE Loan to Go to Auction

The U.S. Department of Energy plans to auction off Anaheim-based Fisker Automotive Inc.’s remaining loan obligation, the department announced Tuesday.

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Wahlberg at Taco Bell HQ for Scholarships

Actor Mark Wahlberg helped Taco Bell Corp. award scholarships to several employees at its headquarters in Irvine on Tuesday.

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NAMM Inks 5-Year Deal in Anaheim

The Anaheim Convention Center will continue to be the venue for the National Association of Music Merchants.

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Silverado Plans Senior Complex in Texas

Irvine-based Silverado Senior Living Inc. said it plans to build a senior housing complex in the Bee Cave suburb of Austin, Texas.

Tuesday, September 17

NAMM Inks 5-Year Deal in Anaheim

The Anaheim Convention Center will continue to be the venue for the National Association of Music Merchants.

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Wahlberg at Taco Bell HQ for Scholarships

Actor Mark Wahlberg helped Taco Bell Corp. award scholarships to several employees at its headquarters in Irvine on Tuesday.

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Silverado Plans Senior Complex in Texas

Irvine-based Silverado Senior Living Inc. said it plans to build a senior housing complex in the Bee Cave suburb of Austin, Texas.

Midday Stock Roundup

The S&P 500 rose 0.38% to 1,704.07 in afternoon trading Tuesday.

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Ceradyne Gets $151M Body Armor Contract

The U.S. Department of Defense exercised an option to order $151.2 million worth of protective armor inserts made by Ceradyne Inc. in Costa Mesa for use by the U.S. military.

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Integrated Healthcare Holdings Signs Contract

Apollo Medical Holdings Inc. said it will provide doctors and case management services for four hospitals in Orange County owned by Santa Ana-based Integrated Healthcare Holdings Inc.

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Monday, September 16

Midday Stock Roundup

The S&P 500 was up 0.81% to 1,701.67 in afternoon trading Monday.

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Banc of California Acquires Mortgage Advisory

Irvine-based Banc of California Inc. has acquired the Palisades Group LLC, a registered investment adviser that specializes in residential mortgages.

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Airport Area Leads Strong July for Hotels

Orange County hotels continued to post increases in occupancy and room rates in July, with the airport market posting some of the largest gains on price for the month.

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CALENDAR OCBJ

Sept. 16-25, 2013

A listing of business events happening all around Orange County.

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Saturday, September 14

Texas Capital Sees OC Investments, Office Expansions

Some Cite More Favorable Business Climate in Austin

Austin has been a hotspot for Orange County-based commercial real estate investors

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Funding, Kitchen Aids Santa Ana Juice Bar’s Growth

RESTAURANTS: Nekter Plans 30 stores total by year-end

Nekter Juice Bar Inc. is set to move this month into new headquarters

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Choi’s Track Record on Business Retention; OC’s IFE Triangle

OC INSIDER Column by Jerry Sullivan

Medical Device Makers Face Tougher Time in Europe

More Transparency, But Small Ones Could Spend More

Medical device makers are on the verge of facing a more challenging regulatory environment.

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Medical Device Makers Increase Employment in OC

Edwards Lifesciences Stays At Top of the Jobs List

Orange County’s 29 largest medical device makers added 960 jobs. Includes the 2013 OC's LARGEST MEDICAL DEVICE MAKERS list for download (pdf)

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Biggest Local Drug Makers’ About Steady on Jobs Here

Most Flat; Allergan Takes No. 1 Spot Again

Perennial No. 1 Allergan Inc. once again topped the Business Journal’s annual list of drug makers based in Orange County. Includes the 2013 OC's LARGEST DRUG MAKERS list for download (pdf)

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Ceradyne Gets $80M Military Contract

Ceradyne Inc. in Costa Mesa landed an $80 million order from the U.S. government

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Luxury Sales Remain Strong As Autumn Approaches

The last week of August and the first few days of September proved strong for the coastal luxury real estate market

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Western Digital Adds SSD Maker

Irvine-based disk drive maker Western Digital Corp. acquired a Silicon Valley company

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OC Telecom Talent Lures Startup to Costa Mesa

TECHNOLOGY: No-contract carrier targets immigrants

A startup in the crowded field of no-contract wireless carriers has been drawn to Orange County

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Grind Media Seeks Route to National Advertisers

Title Swap Sparks Strategic Shifts for OC Publishers

There’s no such thing as the same old grind at San Clemente-based publisher Grind Media these days.

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ADDENDUM September 16, 2013

Other items of interest from the Orange County Business Journal

Beazley to Balboa Theater Foundation

TOURISM: Former fairgrounds boss takes post on peninsula

Steven Beazley, former chief executive of the OC Fair & Event Center in Costa Mesa, has taken the same title at the Balboa Performing Arts Theater Foundation.

FTC Wants 2nd Look at CoreLogic Deals

SERVICES: $661M buy of 3 firms could face delay to 2014

CoreLogic Inc.’s proposed $661 million acquisition of three data and analytics businesses is getting some additional regulatory scrutiny.

Martian Lands in Chicago for Smart Watch Debut

TECHNOLOGY: Irvine startup among first to wearable market

An Irvine startup released its first line of smart watches in the U.S. last week

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Bonnier Revs Up With Motorcycle Group

Title Swap Sparks Strategic Shifts for OC Publishers

From one foot in the grave to Bonnier Motorcycle Group.

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Irvine Company Adds in SD

1,410 Apartments in Mission Valley

The Irvine Company has made its largest single-property acquisition of the year, getting an upscale apartment complex in San Diego’s Mission Valley.

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Super D’s Done Deal

How Music Wholesaler Bought Rival

Jeff Walker and Bruce Ogilvie were exhausted.

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Pac Merc’s Makeover

Board’s Blend of Veterans, Newcomers Puts Bank Back on Offense

A reconstituted board of directors looks to have Pacific Mercantile Bancorp on track to regain its footing

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Edwards Sapien Market Could Expand After Finding

Discovery Shows It’s Good for Some Diabetic Patients

Irvine-based Edwards Lifesciences Corp. recently shared data on yet another potential market

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Quality Systems Buys Tech Company

Irvine-based Quality Systems Inc. said it bought Costa Mesa-based Mirth Corp.

UC Irvine Goes Catatonic With Innovative Online Class

Uses Zombie TV Show to Teach Myriad Subjects

University of California, Irvine, has partnered with AMC Networks Inc. and Instucture to produce a massive open online course

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Drop In PC Sales Ushers In History at Western Digital

Non-PC Business Now Tops 50% of Revenue

Western Digital Corp. hinted in May that revenue from non-PC business lines would account for more than 50% of its annual sales.

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REAL ESTATE DEALS

Sales and leases of offices, industrial buildings, retail space and apartments Compiled by Dana Truong

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Majority M-Flex Stake Could Be Sold

One of Singapore’s oldest companies is looking to sell its majority stake in Anaheim-based Multi-Fineline Electronix Inc.

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North, Central OC Office Markets Continue to Gradually Revive

REAL ESTATE WATCH: NORTH & CENTRAL ORANGE COUNTY

The North and Central Orange County office markets stayed stable during the first half of the year.

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Friday, September 13

Midday Stock Roundup

The S&P 500 was up 0.26% to 1,687.74 in afternoon trading Friday.

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WD Closes STEC Deal

Western Digital Corp. has finalized its $325 million acquisition of STEC Inc., the Irvine-based disk drive maker announced on Friday.

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CalPERS Backs Next Phase of Rancho Mission Viejo

Rancho Mission Viejo LLC got an investment from the California Public Employees’ Retirement System for its next phase of housing development in South Orange County.

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Ingram Micro Buys in Toronto

Santa Ana-based Ingram Micro Inc. has acquired SoftCom Inc. in Toronto on undisclosed terms.

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LexisNexis Buys Aliso Viejo Healthcare Software Company

LexisNexis acquired Aliso Viejo-based healthcare analytics company Enclarity Inc. for an undisclosed amount.

TTM to Close China Plant, Lay Off 600

Costa Mesa-based printed circuit board maker TTM Technologies Inc. plans to close one of its manufacturing plants in China and lay off about 600 employees there, according to a filing with the Securities & Exchange Commission.

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Thursday, September 12

TTM to Close China Plant, Lay Off 600

Costa Mesa-based printed circuit board maker TTM Technologies Inc. plans to close one of its manufacturing plants in China and lay off about 600 employees there, according to a filing with the Securities & Exchange Commission.

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LexisNexis Buys Aliso Viejo Healthcare Software Company

LexisNexis acquired Aliso Viejo-based healthcare analytics company Enclarity Inc. for an undisclosed amount.

Ingram Micro Buys in Toronto

Santa Ana-based Ingram Micro Inc. has acquired SoftCom Inc. in Toronto on undisclosed terms.

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CalPERS Backs Next Phase of Rancho Mission Viejo

Rancho Mission Viejo LLC got an investment from the California Public Employees’ Retirement System for its next phase of housing development in South Orange County.

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Midday Stock Roundup

The S&P 500 was down 0.10% to 1,687.36 in afternoon trading Thursday.

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Fisker Offer Goes to DOE

A proposal to acquire struggling luxury hybrid automaker Fisker Automotive Inc. appears to be moving forward.

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Wednesday, September 11

Midday Stock Roundup

The S&P 500 rose 0.13% to 1,686.26 in afternoon trading Wednesday.

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Ceradyne Gets $80M Contract for Costa Mesa Plant

Ceradyne Inc. in Costa Mesa landed an $80 million order from the U.S. government to supply 77,000 helmets and related parts to the U.S. Marine Corps.

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Island Hotel GM to Newport Beach Chamber Chair

The Newport Beach Chamber of Commerce named Island Hotel Newport Beach General Manager Donald Stamets chairman and board president.

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Tustin Mortgage Lender Expands into Anaheim

Tustin-based mortgage lender New American Funding has opened an office in Anaheim.

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U.S. News & World Report: UCI Drops 5 Spots, Still in Top 50

University of California, Irvine ranked No. 49 on the U.S. News & World Report’s 2014 list of the country’s top private and public colleges and universities.

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Tuesday, September 10

U.S. News & World Report: UCI Drops 5 Spots, Still in Top 50

University of California, Irvine ranked No. 49 on the U.S. News & World Report’s 2014 list of the country’s top private and public colleges and universities.

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Tustin Mortgage Lender Expands into Anaheim

Tustin-based mortgage lender New American Funding has opened an office in Anaheim.

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Island Hotel GM to Newport Beach Chamber Chair

The Newport Beach Chamber of Commerce named Island Hotel Newport Beach General Manager Donald Stamets chairman and board president.

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Ceradyne Gets $80M Contract for Costa Mesa Plant

Ceradyne Inc. in Costa Mesa landed an $80 million order from the U.S. government to supply 77,000 helmets and related parts to the U.S. Marine Corps.

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Report: M-Flex in Possible Sale

One of Singapore’s largest companies is looking to sell its majority stake in Anaheim-based Multi-Fineline Electronix Inc., according to a Bloomberg report.

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Irvine Staffing Company Buys Smaller Firm in Fullerton

Irvine-based staffing firm Decton Inc. acquired Cal-West Personnel Inc. in Fullerton on undisclosed terms.

Midday Stock Roundup

The S&P 500 was up 0.64% to 1,682.33 in afternoon trading Tuesday.

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Monday, September 9

Irvine Staffing Company Buys Smaller Firm in Fullerton

Irvine-based staffing firm Decton Inc. acquired Cal-West Personnel Inc. in Fullerton on undisclosed terms.

Report: M-Flex in Possible Sale

One of Singapore’s largest companies is looking to sell its majority stake in Anaheim-based Multi-Fineline Electronix Inc., according to a Bloomberg report.

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Western Digital Pays $685M for Another SSD Company

Western Digital Corp. has acquired a Silicon Valley company for $685 million in a move to boost its enterprise and cloud offerings for corporate customers, the Irvine-based disk driver maker announced Monday.

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Quality Systems Makes Deal

Irvine-based Quality Systems Inc. said today that it bought Costa Mesa-based Mirth Corp. Financial terms weren’t disclosed.

Midday Stock Roundup

The S&P 500 rose 0.72% to 1,667.01 in afternoon trading Monday.

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Newport Beach Advisory Makes Acquisition, More Deals to Come

Newport Beach-based Beacon Pointe Wealth Advisors LLC acquired Pacific Pointe Advisors LLC in Santa Barbara in a continued push to expand in California and beyond.

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Cyber Security Startup Raises $30M

Irvine-based cyber security services startup CrowdStrike Inc. raised $30 million in a funding round led by Palo Alto-based investment firm Accel Partners.

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CALENDAR OCBJ

Sept. 9-18, 2013

A listing of business events happening all around Orange County.

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Sunday, September 8

South OC Commercial Market Up, But With Soft Spots

REAL ESTATE WATCH: SOUTH ORANGE COUNTY

The overall South Orange County commercial market continued on a trend of positive momentum, absorbing 188,000 square feet in the second quarter.

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Taco Bell’s Plate Full With Marketing Spending Spree

Fast-Food Purveyor Using ‘Influencers,’ Other Modes

Taco Bell Corp. is in the midst of a flurry of marketing activities fueled by an increase in its advertising budget.

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Hines Eyes New Office Project Next to Buy at Main & Von Karman

REAL ESTATE: Stake in office, land sales in Airport Area set stage

Hines Interests LP looking to build a new office at one of the busier intersections in Irvine.

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Kilroy Continues to Cash Out of OC, Puts Offices on Block

REAL ESTATE: Sold industrial portfolio for $500M last year

Kilroy Realty Corp. has put offices it owns in Orange and the Irvine Spectrum up for sale

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Offices to Be Vacated by Pimco Getting Scooped Up

KBS To Move To Pacific Financial Plaza in 2014

Pacific Investment Management Co. is several months away from moving into its new 20-story headquarters

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Broad View, Helping Hand on Community Care

St. Joseph Health’s efforts to provide community care extend to a partnership fund that has invested more than $200 million in areas of California and Texas.

Nonprofits, Execs Forge Mutually Beneficial Ties

The Relationship Can Be Long Term if Done Right

“When it comes down to it, the relationship between a nonprofit and its board is really a marriage”

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Quality Systems Shareholders Quietly Elect New Board

Three Clinton Group Nominees Among Chosen

Irvine-based Quality Systems Inc.’s shareholders just got a new board to direct their company.

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Netlist Continues Patent Disputes With Competitors

Files Suit Against Smart Modular, Other Rivals

Computer memory products maker Netlist Inc. has filed a patent lawsuit against a competitor

Personal Connections Attract Donors, Nonprofits

Big-Bucks Givers Decide Which Groups Benefit

When Rob Lambert was 10, his typical boyhood life suddenly changed.

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ADDENDUM Sept 9

Other news items of interest from the Orange County Business Journal

Broadcom Corp. is set to boost its supply of patents and engineers

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PHILANTHROPY

Irvine-based 5.11 Tactical donated $158,165

Security Firm Continues Buying Spree

Santa Ana-based Universal Protection Service acquired the security division of the Budd Group in Winston-Salem, N.C., on undisclosed terms.

Media Company Partners With Microsoft

Local Corp. signed an agreement with Microsoft Corp. to provide local product data for its search engine, Bing.

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Insurance Firm Buys in Washington State

Huntington Beach-based Confie Seguros Insurance Services acquired Olympic Insurance Agency in Shelton, Wash., on undisclosed terms.

Super D Buys Music, Movie Distributor

Irvine-based Super D’s business just got bigger with its purchase of Alliance Entertainment LLC.

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Auto Show, First of Season, Aims to Boost Attendance

AUTOMOTIVE: Hot models, new features, diversions beckon

The Orange County International Auto Show, the first of the 70 auto shows in North America’s fall-to-spring season, will feature several hot-off-the-production-line vehicles.

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Clean Tech Pipeline Keeps Capstone Busy

FINANCE: Plans OTC debut, buys of wealth managers here

Irvine-based Capstone Financial Group Inc. plenty busy.

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Galardi’s Two Madres Looks for Bite of Mexican

RESTAURANTS: Touts menu flavors, opened in Mission Viejo

Irvine-based Galardi Group Inc. threw its hat in the Mexican fast-casual industry’s ring

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C.J. Segerstrom & Sons Calls on Cushman

REAL ESTATE: First outside rep for office leases in 23 years

The owner of Costa Mesa’s three most prominent office towers is switching up its leasing strategy

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Software Maker Plays Power Game

TECHNOLOGY: ETAP adds micro-grid to portfolio

Nearly every nuclear power plant in the U.S. relies on a little-known software company in Irvine

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Tourism Trade Comes Together for OC-Only Sales Pitch in China

HOSPITALITY: Seeks grip on growth market for globe trotters

Orange County is going to China.

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St. Joseph’s System

Local Partnership With Hoag Part of Larger Strategy That Stretches to Northern California, Texas

St. Joseph Health has a new location, new partnerships and a new goal—providing “great hospital and community care.”

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$60 Million Worth of Difference

Low-Profile OC Couple High on “Institutions That Value Freedom and Education”

Dale Fowler says things changed a lot after he and his wife, Sarah Ann, “gave some money” to Gordon College in Wenham, Mass., in 2007.

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Honors for Another Argyros at Sage Hill; Fowler Follow Up

OC INSIDER Column

Plenty on philanthropy in this week’s Special Report, which starts on page 29.

Corporate Foundations Show Big Gain in Contributions

20% Jump Follows Slow Growth, Decline

The largest corporate foundations in Orange County combined for $821.4 million in charitable giving during their most recently reported fiscal years

Private Foundations Give More for First Time in Years

Assets Decline Over Same Period of Time

Orange County’s largest private foundations combined to increase their charitable giving

Friday, September 6

Midday Stock Roundup

The S&P 500 was up 0.40% to 1,661.75 in midday trading Friday.

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Report: Standard Pacific in Running for Shapell Homes

Irvine-based Standard Pacific Corp. is said to be one of at least three companies in the running to buy Beverly Hills-based homebuilder Shapell Homes, according to a report in the Wall Street Journal.

Quiksilver Surges on Improving Business

Investors seized on news of Huntington Beach-based Quiksilver Inc.'s improving business, sending the action sports apparel maker and retailer's shares up nearly 32% on Friday afternoon.

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New CEO for Airplane Servicing Company

Costa Mesa-based aircraft painting company Leading Edge Aviation Services Inc. has promoted Chris Harano from president to chief executive.

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Dennis Szakacs to Leave Orange County Museum of Art

Dennis Szakacs will leave his post as Orange County Museum of Art’s director and chief executive by the end of the year.

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Thursday, September 5

Dennis Szakacs to Leave Orange County Museum of Art

Dennis Szakacs will leave his post as Orange County Museum of Art’s director and chief executive by the end of the year.

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Quiksilver Surges on Improving Business

Investors apparently viewed Huntington Beach-based Quiksilver Inc.’s latest results as progress on right-sizing the actions sports apparel manufacturer and retailer’s business.

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New CEO for Airplane Servicing Company

Costa Mesa-based aircraft painting company Leading Edge Aviation Services Inc. has promoted Chris Harano from president to chief executive.

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Midday Stock Roundup

The S&P 500 rose 0.14% to 1,655.35 in afternoon trading Thursday.

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Super D Buys Music, Movie Distributor

Irvine-based Super D's business just got bigger with its purchase of Alliance Entertainment LLC.

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Local Media Company Partners With Microsoft

Local Corporation signed an agreement with Microsoft Inc. to provide local product data for its search engine, Bing.

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OC Automakers See August Sales Rise

Orange County automakers sailed through August, notching sales gains and monthly records for some.

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HB Insurance Broker Expands in Washington State

Huntington Beach-based Confie Seguros Insurance Services acquired Olympic Insurance Agency in Shelton, Wash., on undisclosed terms.

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Wednesday, September 4

HB Insurance Broker Expands in Washington State

Huntington Beach-based Confie Seguros Insurance Services acquired Olympic Insurance Agency in Shelton, Wash., on undisclosed terms.

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OC Automakers See August Sales Rise

Orange County automakers sailed through August, notching sales gains and monthly records for some.

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Broadcom Gets LTE Assets in $164M Buy

Broadcom Corp. is set to boost its supply of patents and engineers for a push into the latest standard for wireless communication with a $164 million deal for certain assets of Tokyo-based Renesas Electronics Corp.

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Midday Stock Roundup

The S&P 500 rose 0.91% to 1,654.75 in afternoon trading Wednesday.

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Multi-Family Office Opens in Newport Beach, Taps Merrill Lynch Vet

The Caprock Group, a Boise, Idaho-based multi-family office, has tapped wealth management veteran Greg Mech as a managing director to head its new office in Newport Beach.

Tuesday, September 3

Multi-Family Office Opens in Newport Beach, Taps Merrill Lynch Vet

The Caprock Group, a Boise, Idaho-based multi-family office, has tapped wealth management veteran Greg Mech as a managing director to head its new office in Newport Beach.

MemorialCare Opens Seaside Health Plan

Fountain Valley-based MemorialCare Health System said today that its Seaside Health Plan is now open for business in Los Angeles County, with plans to expand into Orange County.

Midday Stock Roundup

The S&P 500 rose 0.25% to 1,637.01 in afternoon trading Tuesday.

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Security Company Continues Acquisitions

Santa Ana-based Universal Protection Service acquired the security division of the Budd Group in Winston-Salem, N.C., on undisclosed terms.

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Billabong Shareholder Calls for Board Overhaul

Shares of Irvine-based Billabong USA's parent continued to rise after investors sent the company's stock up during Monday trading in Australia after a U.S. hedge fund called for the removal of most of the company’s board.

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Monday, September 2

Billabong Shareholder Calls for Board Overhaul

Shares of Irvine-based Billabong USA's parent surged during Monday trading in Australia after a U.S. hedge fund called for the removal of most of the company’s board.

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CALENDAR OCBJ

Sept. 2-11 and Sept. 17, 2013

A listing of business events happening all around Orange County.

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Sunday, September 1

OC’s Last Chance on Ryan? Little Ava’s Star Turn

OC INSIDER Column by Jerry Sullivan

Ocean-View Lots Join Trend of Hot Sales at High End

Buyers Want ‘Green,’ Other Custom Features

Buyers continue to drive the luxury home market to heights unseen in half a decade, and ocean-view homesite sales are also on the rise.

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Accounting Firm Renews at Irvine Co.’s Jamboree Center

7-Year Lease for White Nelson Runs 27,000 SF

Accounting firm White Nelson Diehl Evans LLP was the first big tenant to sign a lease at the Jamboree Business Center in Irvine when the three-building office complex opened in 2007.

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Little Change on Jobs for Electronics Makers

TECHNOLOGY: Biggest here stay about even again

It was another year of flat employment for the largest contract electronics makers in Orange County. Includes the 2013 OC's LARGEST ELECTRONICS MAKERS list for download (pdf)

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Vizio’s Grid-Iron Game Plan

Kicks Off College Football Season, Run to BCS Title With Online Brand Booster

Irvine-based Vizio Inc. spent more than $22 million on advertising last year, a budget that pales in comparison to the $597 million paid out by competitor Samsung Electronics Co.

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Rolls-Royce Makes OC Innovation Hub for Aircraft Components

Recently Acquired HB Company Gets Lead Role

London-based aircraft engines maker Rolls-Royce Group PLC will make Orange County a hub for the development of the ceramic matrix composites—or CMCs—that are expected to play a crucial role in the company’s product lines going forward.

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Lantronix Grows China Footprint for More Distribution

Shanghai Makes Firm’s 2nd Office in Country

Networking equipment maker Lantronix Inc.’s latest expansion into mainland China underscores ongoing efforts to grow distribution channels and improve its financial footing.

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Greater Airport Area Sees Activity Slow in Second Quarter

REAL ESTATE WATCH: AIRPORT/CENTRAL COAST AREA

Activity in the Greater Airport Area slowed in the second quarter across all three commercial real estate sectors.

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Decades-Old Skate Magazine Folding Due to Market

Grind Media to Focus on Its Other Skate Pub

San Clemente-based Grind Media will discontinue publication of Skateboarder Magazine a year shy of the digital publication’s 50th anniversary.

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Device Maker ICU Lands Hospital-Supplies Deal

Full Intravenous Connector Line Gets Wider Exposure

ICU Medical Inc., the San Clemente-based medical device maker, has been making news in regard to a possible buyout.

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ADDENDUM - September 2, 2013

Other news items of interest from the Orange County Business Journal

San Juan Capistrano-based One Punch Distribution Inc. signed a global distribution agreement with New York apparel company Headrush Apparel Inc.

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Casual With a Side of Noise, Good Food and Ambiance

Restaurants Pop Up While Oldie Still Satisfies

Many more new restaurants are introducing themselves to us, and the trend is toward casual and noisy rather than sexy and romantic.

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Fastest-Growing Private Companies Wanted for Annual List

Centerpiece of Business Journal’s Sept. 23 Special Report

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

Tilly’s Hires Wet Seal Exec as CFO

Action-sports retailer Tilly’s Inc. in Irvine hired Jennifer Ehrhardt as chief financial officer, a move up for the veteran of Foothill Ranch-based teen retailer Wet Seal Inc., where she most recently served as vice president and corporate controller.

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Yokohama Tire to Sponsor 3rd NFL Team

Fullerton-based Yokohama Tire Corp. will add the Indianapolis Colts to its roster of sponsored teams for the National Football League’s 2013 season, along with the New England Patriots and Chicago Bears.

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Kingston Releases Newest Corporate Solid-State Drive

TECHNOLOGY: Product part of diversification effort

Kingston Technology Co. has released its second solid-state drive geared for corporate servers and data centers, a new segment for the Fountain Valley-based company that built its name making USB flash drives and other consumer storage products.

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Bottle Maker Readies for Growth, Ups Space

MANUFACTURING: Moves to Anaheim from Fullerton

Plastic bottle maker and printer Precision Plastics Printing Co. moved its operations to Anaheim from Fullerton in an expansion that doubled its facility space to allow for more production capacity and future growth.

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Biolase Disputes Allegation of Liquidity Problems

HEALTHCARE: CEO blames short seller for shares’ plunge

Irvine-based Biolase Inc. is the latest Orange County healthcare company to fight back against short sellers.

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Kia’s Hamsters Blow Up on YouTube

MARKETING: 1M views in first week after MTV debut

The latest star turn for Kia Motor America’s dancing hamsters is poised to become the company’s most popular yet after amassing more than 1 million views on its YouTube channel in less than a week.

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Measuring for Growth

Apparel Maker Stays on Top of Trends With Teens, Sees Sales Boom

You may have missed the sudden online obsession with cats—the four-legged variety, not the musical—or “YOLO,” one of the newest fashionable slang acronyms, unless you’re adept at navigating teen culture.

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PRES to Fill Gap in Downtown Anaheim

In Deal for 201,000-SF Office AT&T Plans to Vacate Later This Year

PRES Cos. is under contract to buy AT&T Inc.’s office in downtown Anaheim, one of several notable purchases in the works for the Irvine-based real estate investor and developer.

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