Stories for February 2014

Friday, February 28

New Details Out on Stokehouse Women's Brand

More details, including a name, on the women’s start-up that’s part of Paul Naude’s Stokehouse Unlimited have been released.

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Sanuk Sales Continue Rise in Q4

Irvine-based footwear company Sanuk USA LLC saw fourth-quarter net sales rise 45.2% from a year earlier to $22.2 million.

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Endologix Collapses on Guidance

Shares of Irvine-based Endologix Inc. plunged today after it provided full-year financial guidance below Wall Street expectations.

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Ad Agencies Take Home Awards Haul

Local ad professionals recognized the best of the industry’s 2013 work with gold, silver and bronze American Advertising Awards—also known as Addys—at a Thursday event at the Irvine Marriott put on by the Orange County chapter of the American Advertising Federation.

Midday Stock Roundup

The S&P 500 rose 0.69% to 1,867.01 in afternoon trading Friday.

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OC 2013 Visitor Spending Rebounds to $9.6B

Visitors to Orange County spent $9.6 billion last year, up about 10% from a year earlier, according to the Anaheim/Orange County Visitor & Convention Bureau.

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JWA Posts 2.9% Gain in Traffic

Passenger traffic at John Wayne Airport was up 2.9% in January from a year earlier to 718,549, according to the latest numbers from the airport.

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Questcor Shares Fall on FDA News

Anaheim-based Questcor Pharmaceuticals Inc.’s shares fell today after the Food and Drug Administration acknowledged that it was reviewing materials related to the company’s primary drug, H.P. Acthar Gel.

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Clean Energy Misses Q4 Estimates

Newport Beach-based Clean Energy Fuels Corp. on Thursday reported revenue and adjusted profits for the fourth quarter that missed Wall Street expectations.

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Rutan Names Nichols Managing Partner

Cotsa Mesa-based law firm Rutan & Tucker LLP has elected Steve Nichols as its new managing partner.

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Spectrum Gets Shares From Stakeholders in Spain

Irvine-based commodities trader Spectrum Group International Inc. reached an agreement to purchase all shares of its stock owned by Afinsa Bienes Tangibles S.A. En Liquidacion and Auctentia S.L., from based in Spain, for $6.36 million in cash.

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Thursday, February 27

JWA Posts 2.9% Gain in Traffic

Passenger traffic at John Wayne Airport was up 2.9% in January from a year earlier to 718,549, according to the latest numbers from the airport.

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Spectrum Gets Shares From Stakeholders in Spain

Irvine-based commodities trader Spectrum Group International Inc. reached an agreement to purchase all shares of its stock owned by Afinsa Bienes Tangibles S.A. En Liquidacion and Auctentia S.L., from based in Spain, for $6.36 million in cash.

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OC 2013 Visitor Spending Rebounds to $9.6B

Visitors to Orange County spent $9.6 billion last year, up about 10% from a year earlier, according to the Anaheim/Orange County Visitor & Convention Bureau.

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Clean Energy Misses Q4 Estimates

Newport Beach-based Clean Energy Fuels Corp. on Thursday reported revenue and adjusted profits for the fourth quarter that missed Wall Street expectations.

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Midday Stock Roundup

The S&P 500 was up 0.26% to 1,849.96 in afternoon trading Thursday.

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BroughtonHotels Renovates Chicago Boutiques

Anaheim-based independent hotel developer and manager BroughtonHotels completed renovations on its three Chicago boutique hotels.

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Tiger Woods Foundation Exec Moves On

Greg McLaughlin is leaving his post as chief executive and president of the Tiger Woods Foundation in Irvine to take an executive leadership position with the PGA Tour in Ponte Vedra Beach, Fla.

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Wednesday, February 26

Tiger Woods Foundation Exec Moves On

Greg McLaughlin is leaving his post as chief executive and president of the Tiger Woods Foundation in Irvine to take an executive leadership position with the PGA Tour in Ponte Vedra Beach, Fla.

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Midday Stock Roundup

The S&P 500 rose 0.29% to 1,850.49 in afternoon trading Wednesday.

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Kaiser, Boeing Launch Recycling Plan

Kaiser Aluminum Corp. in Foothill Ranch and Chicago-based Boeing Co. announced they have started a scrap aluminum recycling program, the largest of its kind to date according to company officials.

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OC Auto Sales Up 6.6% in January

Sales at Orange County auto dealers increased 6.6% in January to 15,062 vehicles, according to Newport Beach-based Orange County Automobile Dealers Association.

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Costa Mesa Shops Win Yamaha Motor Account

Cypress-based Yamaha Motor Corp. USA selected two local ad shops to handle its advertising, ending a three-month review for the national account.

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New Center for Commercialization of Research at UCI

University of California, Irvine, has announced the establishment of its Institute for Innovation, the latest in the school’s efforts to foster entrepreneurialism and technology development that will help create commercial applications for the school’s research.

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Tuesday, February 25

Costa Mesa Shops Win Yamaha Motor Account

Cypress-based Yamaha Motor Corp. USA selected two local ad shops to handle its advertising, ending a three-month review for the national account.

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OC Auto Sales Up 6.6% in January

Sales at Orange County auto dealers increased 6.6% in January to 15,062 vehicles, according to Newport Beach-based Orange County Automobile Dealers Association.

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New Center for Commercialization of Research at UCI

University of California, Irvine, has announced the establishment of its Institute for Innovation, the latest in the school’s efforts to foster entrepreneurialism and technology development that will help create commercial applications for the school’s research.

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Midday Stock Roundup

The S&P 500 rose 0.13% to 1,850.08 in afternoon trading Tuesday.

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Oakley Plans Brand Campaign

Oakley Inc. announced plans for a global branding campaign dubbed “Disruptive by Design” during an invitation-only gathering at RED Studios in Hollywood.

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Ubiquity Aims for Nasdaq

Irvine-based Ubiquity Broadcasting Corp.’s application for listing on the Nasdaq exchange was accepted for processing.

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Chase to Cut 168 Jobs at OC Mortgage Unit

Chase Bank is laying off 168 employees from its mortgage operations in Irvine by early March.

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DKN’s 120-Room SpringHill Suites Set for Opening

Irvine-based DKN Hotels completed the 120-room SpringHill Suites by Marriott.

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Monday, February 24

Chase to Cut 168 Jobs at OC Mortgage Unit

Chase Bank is laying off 168 employees from its mortgage operations in Irvine by early March.

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Taco Bell Breakfast Set for March 27 Rollout

Irvine-based Taco Bell Corp. released additional details on its expansion into breakfast that will be supported by what company executives called the largest advertising campaign in company history.

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Midday Stock Roundup

The S&P 500 rose 1.12% to 1,856.78 in afternoon trading Friday.

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Low-Profile Company Gets High-Profile Work, Value

TECHNOLOGY: DynTek benefits from industry shifts

Newport Beach-based technology service provider DynTek Inc., which has drawn little attention on Wall Street, is on a growth spurt as more businesses and public agencies aim to secure data and link employees’ personal devices with workplace equipment and systems.

Homebuilders Post 90% Jump, Most Sales Since ’04

Orange County homebuilders last year posted their best year for sales since 2004, buoyed by the opening of several masterplanned communities, as well as continued strong sales on the Irvine Ranch. Includes the 2014 OC's LARGEST HOMEBUILDERS list for download (pdf)

real estate deals

National Bakery Industrial Owner LLC, a bakery outlet, sold an industrial building in Anaheim for $2.2 million to Costa-Mesa based Cardinal Development Co.

Calendar of events

SoCal Insider hosted by Rick Reiff (KOCE-TV/PBS SoCal) Wednesday 5:30 p.m. Repeats Friday 7 p.m., Sunday 11:30 a.m., Monday 5:30 p.m. Guests: Erwin Chemerinsky, UCI law school dean; other guests

Inland Empire Industrial, Office Markets Had Good Year

The Inland Empire ended 2013 with increased gross industrial activity as it wrapped up the year with roughly 29.1 million square feet, up 2.6 million square feet from 2012.

Samsung Widens Lead as Broadcom’s Biggest Customer

May Continue Gain With Latest Galaxy Release

Samsung Electronics Co. has distanced itself from smartphone rival Apple Inc. as Broadcom Corp.’s largest customer.

Masimo Gets Good Analyst Grades for Long Term

Still Uncertainty Over Covidien Royalty Payments

Irvine-based patient monitor maker Masimo Corp.’s long-term growth prospects remain attractive, an analyst said this month.

OC Companies Get the Best Kind of Free Advertising

Quiksilver, Vans Grab Olympics Photo Opp

Two local companies scored gold in the first week of the 2014 Winter Olympics—in brand exposure, that is.

Homebuilders Stage Local IPO Resurgence

3 Builders Went Public, $670M in Proceeds to Spend

Wall Street cash is making its way back to Orange County’s homebuilding industry after a brief hiatus.

National Builders Turn Focus Back to OC

Big Deals for Notable Sites Reflect Confidence in Recovery

National builders have their eyes on Orange County again.

Luxury Sales Start Off New Year in Healthy Condition

Christie’s Partners With First Team Estates

Local luxury real estate firms hold strong to their view that coastal and luxury real estate are among the best investments available. International firms agree.

Names New President for Kawasaki Motors

Irvine-based Kawasaki Motors Corp. USA named Masafumi Nakagawa president, effective April 1.

Mobilitie to Equip Ram’s Stadium

Newport Beach-based Mobilitie LLC landed another major deal to outfit the home of the St. Louis Rams with a distributed antenna system at Edward Jones Dome in downtown St. Louis.

ChopShop Catches Wave of Branded Digital Content

MEDIA: Vans, Boost Mobile on client list for original content

ChopShop Entertainment Inc. is riding the wave of the digital revolution, thanks to a growing client list that includes some big brands from its own backyard.

Asics Lives Up to Brand Slogan With 2014 Budget

MARKETING: Sponsorship of events key part of campaign

Asics America Corp.’s marketing campaign reflects the brand’s “Better Your Best” tagline.

QLogic Gets Ethernet Boost on B’Com Buy

TECHNOLOGY: Market share to 18.8%, on par with chief rival

QLogic Corp.’s $209 million deal last week to acquire key Ethernet assets and licenses and engineers from Irvine-based chipmaker Broadcom Corp. provides a much clearer path for product development in a segment expected to have strong growth in the coming years.

MemorialCare Gears Up for Healthcare Changes

HEALTHCARE: Promotions, new hires reflect reform’s effects

MemorialCare Health System is remaking its front office with an eye on healthcare reform.

Marriott’s Makeover Beckons Generation Next

HOSPITALITY: Starts with new look for lobby, lounge areas

Irvine Marriott spent about $5 million to hit the restart button on its lobby and lounge area in a project aimed at attracting the next generation of travelers staying at the hotel or just visiting.

Newport Center Comp: $10M Per Acre; Bill & Wayne; Will on Moreno

Word from a lender backing Mike Lutton, Tod Ridgeway and Ron Soderling in their buy of the old Beacon Bay car wash offers a benchmark of $10 million per acre for land in Newport Center. The trio that’s operating as Newport Center Anacapa Associates

WD’s Final Hurdle on HGST Buy: China Regulators

TECHNOLOGY: 2-year wait nearly up, request on integration expected

Western Digital Corp. is expected to ask China’s government for approval to integrate the Hitachi Global Storage Technologies Inc. unit it acquired in a 2012 deal that had to pass muster with regulators in major markets around the world.

New Hands on OC Brands

New Yorker Approaches Pair of Labels Pragmatically

J Fin Group believes in the little guy: smallish brands with solid designs and loyal followings that just need some help on the backend.

American Security Bank Sells for $57M

Newport Beach-based American Bancshares Inc. agreed to sell its American Security Bank subsidiary to CVB Financial Corp. for $57 million.

ADDENDUM

A bankruptcy judge approved Wanxiang America Corp.’s $149.2 million bid for the sale of Costa Mesa-based Fisker Automotive Inc. The offer by Wanxiang, part of China-based auto parts company Wanxiang Group Corp., beat Fisker’s senior secured lender, Hybrid Tech Holdings LLC, in the auction. Hybrid Tech is affiliated with Hong Kong billionaire Richard Li.

Gross Miscalculation?

Recent Returns Counter Critics’ Rush to Strip Bond King of Crown

Recent Returns Counter Critics’ Rush to Strip Bond King of Crown

Mesa Cold Storage Buys Fullerton Buildings for $16.2M

209,000 Square Feet For Food Processing, Storage

Mesa Cold Storage, a logistics company that specializes in temperature-controlled facilities, has purchased the buildings that hold its Fullerton operations.

Fox Head Names Ex-DC Shoes Exec CEO

Irvine-based Fox Head Inc. tapped a former executive at DC Shoes for the top spot at the motocross apparel maker.

Friday, February 21

M-Flex to Close China Factory, R&D in U.K.

Irvine-based printed circuit board maker Multi-Fineline Electronix Inc. will consolidate its factories in China and close a research and development center in the U.K. as part of a restructuring plan intended to return the company to profitability.

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Midday Stock Roundup

The S&P 500 rose 0.23% to 1,843.98 in afternoon trading Friday.

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Volcom, Electric Improvements in Second Half of 2013

The parent of Costa Mesa-based apparel maker Volcom Inc. and San Clemente accessories company Electric said Friday that both brands have shown signs of improvement in the second half of last year as new strategic initiatives took hold.

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Knott’s Berry Farm Notches Record Year

Buena Park amusement park Knott’s Berry Farm along with its parent released record 2013 results.

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Billabong Narrows Loss, Updates Market on Turnaround

The parent of Irvine-based Billabong USA saw its fourth consecutive half-year loss.

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Irvine Cybersecurity Company Raises $20M

Irvine-based cybersecurity software company Cylance Inc. raised $20 million from Blackstone Group LP in New York, Khosla Ventures and Fairhaven Capital, along with other private investors.

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Biolase Signs 3-D Printer Deal, Shares Rise

Irvine-based Biolase Technology Inc.’s stock jumped in the double digits Thursday after it signed a distribution deal for 3-D printers.

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HB, Tustin Dealers Awarded ‘Mazda Gold Cup’

Huntington Beach Mazda and Tustin Mazda were among 16 dealerships in the state to receive the 2014 Mazda Gold Cup award.

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Thursday, February 20

Billabong Narrows Loss, Updates Market on Turnaround

The parent of Irvine-based Billabong USA saw its fourth consecutive half-year loss.

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Biolase Signs 3-D Printer Deal, Shares Rise

Irvine-based Biolase Technology Inc.’s stock jumped in the double digits today after it signed a distribution deal for 3-D printers.

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HB, Tustin Dealers Awarded ‘Mazda Gold Cup’

Huntington Beach Mazda and Tustin Mazda were among 16 dealerships in the state to receive the 2014 Mazda Gold Cup award.

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Knott’s Berry Farm Parent Notches Record Year

The parent of Buena Park amusement park Knott’s Berry Farm released record 2013 results.

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Irvine Cybersecurity Company Raises $20M

Irvine-based cybersecurity software company Cylance Inc. raised $20 million from Blackstone Group LP in New York, Khosla Ventures and Fairhaven Capital, along with other private investors.

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Midday Stock Roundup

The S&P 500 rose 0.62% to 1,840.07 in afternoon trading Thursday.

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Kawasaki Names Local President

Irvine-based Kawasaki Motors Corp. USA said it named Masafumi Nakagawa president.

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BJ’s Set for New Menu Rollout

Huntington Beach-based BJ’s Restaurants Inc. is set to launch a new menu next week.

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NB Activist Firm Names Slate for A&F Board

Newport Beach-based activist investor Engaged Capital LLC has nominated five candidates for the board of Abercrombie & Fitch Co.

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Raw Ingredients Supplier Moves to Irvine

Herbal extracts supplier GE Nutrients Inc. has expanded its U.S. operations in a recent move to Irvine from Anaheim.

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Wednesday, February 19

Kawasaki Names Local President

Irvine-based Kawasaki Motors Corp. USA said it named Masafumi Nakagawa president.

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BJ’s Set for New Menu Rollout

Huntington Beach-based BJ’s Restaurants Inc. is set to launch a new menu next week.

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Raw Ingredients Supplier Moves to Irvine

Herbal extracts supplier GE Nutrients Inc. has expanded its U.S. operations in a recent move to Irvine from Anaheim.

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Midday Stock Roundup

The S&P 500 fell 0.04% to 1,840.11 in afternoon trading Wednesday.

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Mobilitie Lands Deal in St. Louis

Newport Beach-based Mobilitie LLC has landed another high-profile deal to outfit the home of the St. Louis Rams football franchise with wireless infrastructure.

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Opus Adds Private Equity, Correspondent Banking Divisions

Opus Bank has formed a private equity group and a corporate-finance division, the latest efforts by the Irvine-based bank to expand its investment-banking business.

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Tuesday, February 18

QLogic to Buy Some Broadcom Assets

QLogic Corp. has entered a deal with Broadcom Corp. to acquire certain Ethernet assets and non-exclusive licenses related to the technology for $147 million cash, the Aliso-Viejo company announced after the close of trading Tuesday.

Fisker Sale Approved

A bankruptcy judge approved the sale of Costa Mesa-based Fisker Automotive Inc. Tuesday.

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Mobilitie Lands Deal in St. Louis

Newport Beach-based Mobilitie LLC has landed another high-profile deal to outfit the home of the St. Louis Rams football franchise with wireless infrastructure.

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Opus Adds Private Equity, Correspondent Banking Divisions

Opus Bank has formed a private equity group and a corporate-finance division, the latest efforts by the Irvine-based bank to expand its investment-banking business.

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Midday Stock Roundup

The S&P 500 rose 0.13% to 1,841.08 in afternoon trading Tuesday.

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Hyundai Vice Chair to Visit Local HQ

The vice chair of Fountain Valley-based Hyundai Motor America Inc.'s parent in South Korea is expected to make a local visit to the automaker.

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Fox Head Names CEO

Irvine-based Fox Head Inc. tapped a former executive at DC Shoes for the top spot at the motocross apparel maker.

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American Security Bank Sold for $57M

Newport Beach-based American Bancshares Inc. has agreed to sell its American Security Bank subsidiary to CVB Financial Corp. for $57 million.

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Slight Miss for Kaiser in Q4

Kaiser Aluminum Corp. reported fourth-quarter earnings of $16 million after market hours yesterday, coming in slightly below analyst estimates.

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Monday, February 17

Hyundai Capital to Move 85 Jobs from OC

Irvine-based Hyundai Capital America Inc. is transferring about 85 jobs from Orange County to its existing operations in Atlanta and Dallas while looking to make room for future growth here.

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Stock Roundup: Markets Closed Today

The stock market was closed Monday for Presidents Day.

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Kia K900 Starts at $60K

Irvine-based Kia Motors America Inc. set a starting price of about $60,000 for the V8 version of the new K900 luxury sedan, which it's calling the flagship of the brand's U.S. vehicle lineup.

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Fisker to Sell for $149.2M

Wanxiang America Corp.'s $149.2 million bid came out on top in an auction of bankrupt Costa Mesa-based luxury hybrid automaker Fisker Automotive Inc.'s assets, according to a court document filed Friday.

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Saturday, February 15

Fisker to Sell for $149.2M

Wanxiang America Corp.'s $149.2 million bid came out on top in an auction of bankrupt Costa Mesa-based luxury hybrid automaker Fisker Automotive Inc.'s assets, according to a court document filed Friday.

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Three Architects Honored as AIA Fellows

Three Orange County-based architects were named to the American Institute of Architects’ College of Fellows.

GenSpring Taps Deeper Into Abundant California Wealth

WEALTH MANAGEMENT: Family Office Grows in West

GenSpring Family Offices LLC is expanding the role and reach of its regional headquarters in Costa Mesa as it bolsters its service to the wealthy in California and the rest of the West.

Q&A - Wealth Management Firms

A general rise in life expectancy has been the focus of many a conversation among wealth managers and their clients of late, regardless of how far the clients may be from planned retirement.

CALENDAR OCBJ

A listing of business events happening all around Orange County.

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Park With Vans HQ Sells for $60 Million

A two-building industrial park in Cypress that holds the headquarters of apparel company Vans Inc. sold for $60 million.

Tustin Hospital Closes, Lays Off Staff

The 177-bed Newport Specialty Hospital laid off its staff of 147 workers and was set to close Feb. 15, according to a state filing.

Argyros Trust Nominates 2 to DST Board

The Argyros Family Trust nominated private equity investor John Clark to the board of directors of DST Systems Inc., where the trust is the largest shareholder and George Argyros serves as a director.

New Device Maker CEO Replaces Founder

San Clemente-based ICU Medical Inc. appointed Vivek Jain chief executive, effective last week.

Sole Tech Tries Limited Run on eS, Boosts Etnies Apparel

APPAREL: Core shops key to retail strategy for dormant brand

Sole Technology Inc. is testing the waters with a limited-edition run of a skate shoe brand it put on hiatus in late 2012, and it’s also expanding the apparel lineup of another.

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Taco Bell in Beta Stage on App for Mobile Orders

RESTAURANTS: Chain spent two years developing technology

Irvine-based Taco Bell Corp. may have found the answer to the operational challenges that have postponed the proliferation of mobile ordering in the fast-food industry.

Sprague Adds Sales Duties as Kia Retools

AUTOS: Brand looks to get back on growth track after 4% dip

Officials at Irvine-based Kia Motors America Inc. have done some internal restructuring coming off a sales slowdown for the automaker.

Microsemi Out for Conquest in New Chip Segment

TECHNOLOGY: Eyes 2 bigger competitors in $1.2B market

Microsemi Corp. Chief Executive Jim Peterson has laid out the company’s next growth market.

Kelley Blue Book to Top $20M on Ad Buys

MARKETING: This year’s mix adds Nascar to TV, radio, digital

Kelley Blue Book Co. wants to be the brand for all seasons.

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Gross Swats Peanut Gallery; Marblehead Update; Jacobi’s Gig

OC INSIDER Column by Jerry Sullivan

$250M Worth of Deals Bring New Life to Central OC ‘Zombies’

REAL ESTATE: Starwood, CIM, Torchlight buy into office recovery

There’s a new set of owners overseeing four of the most prominent office buildings on the skyline of Orange and Anaheim following a series of sales that reached about $250 million combined.

Kiani’s Patient Safety Bid Gains Look of Movement

HEALTHCARE: More companies, hospitals join Masimo-led initiative

More companies and hospitals are being drawn to the patient safety movement spearheaded by the chief executive of Irvine-based patient monitor maker Masimo Corp.

Broadcom Aims for Qualcomm Stronghold

TECHNOLOGY: Set to debut chips for 4G in Samsung phone

Broadcom Corp.’s long-awaited push into the developing LTE smartphone market is under way.

Friedman’s New Gooaaalll!!!

Auction.com Co-Owner Fires Up Football.com

Robert Friedman didn’t sink much into football.com—a 1994 bargain at $70.

Preferred Outcome

Marketing Programs Behind Growth of Service Provider for Independent Hotels

Preferred Hotel Group’s 1,600-point hotel inspection is intense.

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Office Market in Los Angeles Region Posts Strong Year

REAL ESTATE WATCH: LOS ANGELES COUNTY

The Greater Los Angeles office market had a strong year in 2013, as all real estate indicators had slight year-over-year improvement.

Broadcom Mum on HQ Plan, Has Irvine Options Open

Short-Term Deals Possibility For Chipmaker?

Irvine city officials have acted as though it’s a fait accompli, but regulatory filings of Broadcom Corp. continue to suggest that a move of the chipmaker’s headquarters to a new office development at Orange County Great Park is not set in stone.

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Kofax Makes Grade After Its Initial Public Offering

Double-Digit Growth Seen in New Software Package

Irvine-based business software maker Kofax Ltd. received good early grades from two investment firms that recently initiated coverage.

Allergan Spends More to Market Established Brands

Advertising Budget 13% Higher Than 2013’s

Irvine-based Allergan Inc. may be on the hunt for new products, both internally and externally, but it’s still working its core brands by investing in advertising campaigns, according to Chief Executive David Pyott.

Kia, NBA Continue Synergies With Caped Crusade

LA Clipper Griffin and Fans Play Superheroes

Irvine-based Kia Motors America Inc. is in its seventh season as the Official Automotive Partner of the NBA.

PHILANTHROPY

Philanthropy Column by Kim Haman

ADDENDUM - February 17, 2014

Other items of interest in this week's Orange County Business Journal

Japanese fast-fashion retailer Uniqlo is headed to South Coast Plaza.

Wanted: Best Places to Work for Business Journal’s Lists

CALL FOR ENTRIES: Website set to take entries until March 21

Is your workplace great?

Friday, February 14

Kia K900 Starts at $60K

Irvine-based Kia Motors America Inc. set a starting price of about $60,000 for the V8 version of the new K900 luxury sedan, which it's calling the flagship of the brand's U.S. vehicle lineup.

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Hyundai Capital to Move 85 Jobs from OC

Irvine-based Hyundai Capital America Inc. is transferring about 85 jobs from Orange County to its existing operations in Atlanta and Dallas while looking to make room for future growth here.

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Midday Stock Roundup

The S&P 500 was up 0.29% to 1,835.21 in afternoon trading Friday.

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Ingram Micro Has Record Year, Announces Restructuring

Santa Ana-based Ingram Micro Inc. on Thursday reported fourth-quarter revenue and adjusted profits that beat Wall Street expectations and announced a global restructuring that will be implemented through the first half of the year.

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Masimo’s Q4 Profit in Line, Misses on Revenue

Irvine-based medical device maker Masimo Corp. on Thursday posted a fourth-quarter profit in line with Wall Street, while revenue missed expectations.

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Vans Tops $1.7B, Becomes VF's Second Largest Brand

Cypress-based skate shoe and apparel company Vans Inc.'s performance was called out on Friday as one of two milestones marking 2013 for its parent.

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Hearing on Fisker Sale Postponed

A hearing to approve the sale of bankrupt luxury hybrid automaker Fisker Automotive Inc.'s assets was moved to Tuesday, according to a court filing.

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LA Fitness Boost for Augie’s Quest

Irvine-based Fitness International LLC plans to host group fitness classes at more than 500 of the company’s locations as part of a fundraiser for Augie’s Quest, a non-profit founded by Corona del Mar resident Augie Nieto.

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NB Investor in $5M Deal for Santa Ana Clean-Tech Manufacturer

Private equity investor Kodiak Capital Group LLC has agreed to buy up to $5 million worth of common stock from Greenkraft Inc., a Santa Ana-based manufacturer of alternative-fuel automotive products.

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Surf Industry Celebrates Best of the Bunch

Sixteen brands within the action sports industry were recognized by their peers Thursday night at the annual Image Awards put on by Aliso Viejo trade association Surf Industry Manufacturers Association.

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Thursday, February 13

NB Investor in $5M Deal for Santa Ana Clean-Tech Manufacturer

Private equity investor Kodiak Capital Group LLC has agreed to buy up to $5 million worth of common stock from Greenkraft Inc., a Santa Ana-based manufacturer of alternative-fuel automotive products.

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Masimo’s Q4 Profit in Line, Misses on Revenue

Irvine-based medical device maker Masimo Corp. today posted a fourth-quarter profit in line with Wall Street, while revenue missed expectations.

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Ingram Micro Has Record Year, Announces Restructuring

Santa Ana-based Ingram Micro Inc. on Thursday reported fourth-quarter revenue and adjusted profits that beat Wall Street expectations and announced a global restructuring that will be implemented through the first half of the year.

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LA Fitness Boost for Augie’s Quest

Irvine-based Fitness International LLC plans to host group fitness classes at more than 500 of the company’s locations as part of a fundraiser for Augie’s Quest, a non-profit founded by Corona del Mar resident Augie Nieto.

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Midday Stock Roundup

The S&P 500 was up 0.43% to 1,827.15 in afternoon trading Thursday.

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Kelley Blue Book Sponsors Nascar’s Earnhardt, Jr.

Kelley Blue Book Co. is adding Nascar racing to its marketing campaign.

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Newport Corp. Beats Expectations in Q4

Shares of laser maker Newport Corp. surged in afterhours trading Wednesday after the Irvine-based company reported fourth quarter revenue and adjusted profits beat Wall Street expectations.

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ICU Medical Names CEO

San Clemente-based ICU Medical Inc. said today that it appointed Vivek Jain as its new chief executive, effective Feb. 13.

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Newport Specialty Hospital to Close This Week, Furlough 147

177-bed Newport Specialty Hospital will lay off its staff of 147 workers and close on Feb. 15, according to a state filing.

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Local VCs Back Margolis’ Healthcare Company

A couple of Orange County venture capital firms participated in a $22.1 million funding round for Welltok Inc., a healthcare software company in Denver.

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Argyros Nominates Clark to DST Board

The Argyros Family Trust has nominated private-equity investor John Clark to the board of directors of DST Systems Inc., where the trust is the largest shareholder and George Argyros serves as a director.

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3 OC Architects to College of Fellows

Three Orange County-based architects have been named to the American Institute of Architects’ College of Fellows.

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Uniqlo Set for South Coast

South Coast Plaza has confirmed that Japanese fast-fashion retailer Uniqlo will open at the Costa Mesa shopping center in the fall.

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Wednesday, February 12

Newport Specialty Hospital to Close This Week, Furlough 147

177-bed Newport Specialty Hospital will lay off its staff of 147 workers and close on Feb. 15, according to a state filing.

Newport Corp. Beats Expectations in Q4

Shares of laser maker Newport Corp. surged in afterhours trading Wednesday after the Irvine-based company reported fourth quarter revenue and adjusted profits beat Wall Street expectations.

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New CEO for ICU Medical

San Clemente-based ICU Medical Inc. said today that it appointed Vivek Jain as its new chief executive, effective Feb. 13.

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Argyros Nominates Clark to DST Board

The Argyros Family Trust has nominated private-equity investor John Clark to the board of directors of DST Systems Inc., where the trust is the largest shareholder and George Argyros serves as a director.

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Midday Stock Roundup

The S&P 500 rose 0.14% to 1,822.20 in afternoon trading Wednesday.

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Preferred Hotel Names Lindsey CEO

Preferred Hotel Group said Wednesday it promoted Lindsey Ueberroth to chief executive officer.

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Broadcom Debuts LTE Chip

Irvine-based Broadcom Corp. on Tuesday announced its first system-on-a-chip geared for the latest generation of smart phones and other mobile devices, commonly referred to as LTE, or Long-Term Evolution.

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Universal Protection Makes Atlanta Buy

Santa Ana-based Universal Protection Service has acquired International Security Management Group Inc. in Atlanta on undisclosed terms.

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Sole Technology's éS Set for Limited Edition Release

Lake Forest-based skate shoe and apparel company Sole Technology Inc. plans a limited-edition release of three new shoe styles under its éS brand, which has been off the market since late 2012.

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American Institute of Architects Honors Vasquez

Ernesto Vasquez, chairman and chief executive of MVE Institutional in Santa Ana, was named to the American Institute of Architects’ College of Fellows.

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Ohio Manufacturer Opens Tech Center in Irvine

A Cincinnati-based manufacturer of plastic processing equipment has opened a technical center in Orange County.

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OC Hotels End Year on High Note, HB Leads Growth

Orange County hotels ended the year on a strong note, with rates and occupancy up in December, according to the latest data from industry researcher PKF Consulting USA LLC.

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Tuesday, February 11

Ohio Manufacturer Opens Tech Center in Irvine

A Cincinnati-based manufacturer of plastic processing equipment has opened a technical center in Orange County.

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Broadcom Debuts LTE Chip

Irvine-based Broadcom Corp. on Tuesday announced its first system-on-a-chip geared for the latest generation of smart phones and other mobile devices, commonly referred to as LTE, or Long-Term Evolution.

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American Institute of Architects Honors Vasquez

Ernesto Vasquez, chairman and chief executive of MVE Institutional in Santa Ana, was named to the American Institute of Architects’ College of Fellows.

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Sole Technology's éS Set for Limited Edition Release

Lake Forest-based skate shoe and apparel company Sole Technology Inc. plans a limited-edition release of three new shoe styles under its éS brand, which has been off the market since late 2012.

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Midday Stock Roundup

The S&P 500 was up 1.05% to 1,818.65 in afternoon trading Tuesday.

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Taco Bell Set to Launch Mobile Ordering

Irvine-based Taco Bell Corp. plans to roll out an app later this year that will let customers place their orders at the fast food chain from their smartphones.

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Report: Uniqlo to South Coast

Japanese fast-fashion retailer Uniqlo is headed to South Coast Plaza, according to a report.

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More Deals in Store for American Restaurant Holdings

Irvine-based American Restaurant Holdings Inc. is in the midst of closing several more acquisitions on the heels of its purchase of Fronteras Mexican Grill & Cantina in Alhambra last month.

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NB Investor Buys Golf Club in Oklahoma City

Concert Golf Partners, a Newport Beach-based golf club owner and operator, has acquired Gaillardia Country Club in Oklahoma City by paying off its debts to a couple of banks.

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Reality Show for Anaheim Arena Team

Professional arena football team LA Kiss will be shadowed by film crews when it kicks off its inaugural season in April at the Honda Center in Anaheim.

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Monday, February 10

More Deals in Store for American Restaurant Holdings

Irvine-based American Restaurant Holdings Inc. is in the midst of closing several more acquisitions on the heels of its purchase of Fronteras Mexican Grill & Cantina in Alhambra last month.

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NB Investor Buys Golf Club in Oklahoma City

Concert Golf Partners, a Newport Beach-based golf club owner and operator, has acquired Gaillardia Country Club in Oklahoma City by paying off its debts to a couple of banks.

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Reality Show for Anaheim Arena Team

Professional arena football team LA Kiss will be shadowed by film crews when it kicks off its inaugural season in April at the Honda Center in Anaheim.

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Midday Stock Roundup

The S&P 500 was off 0.04% to 1,796.24 in afternoon trading Monday.

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Kia's Sprague to EVP Sales, Marketing

Irvine-based Kia Motors America Inc. said it named Michael Sprague executive vice president of sales and marketing, a new position at the automaker.

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Cypress Industrial Complex Sells for $60m

A two-building industrial park in Cypress that holds the headquarters of apparel company Vans Inc. has traded hands for $60 million.

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Fisker Bidder Adds Auto Vet as Advisor

Hybrid Tech Holdings LLC, one of two bidders vying for Costa Mesa-based Fisker Automotive Inc. in a bankruptcy auction this week, said it brought on a former Ford and Mazda executive to serve as strategic advisor.

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OC Bar Foundation Gets $15M Gift

The Orange County Bar Foundation in Santa Ana got $15.3 million from the Jeffrey M. Carlton Foundation, the largest gift it has received in its 45-year history.

Sunday, February 9

REAL ESTATE DEALS - Feb. 10, 2014

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

Saturday, February 8

Q&A Healthcare - Nurse Shortage

The shortage of registered nurses was one of the hottest topics in the Orange County and California healthcare sector in the late 1990s and early to mid-2000s.

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OC Tie to Libya’s Win; Martin Gives Ohio Take on Drake

OC INSIDER

OC INSIDER Column by Jerry Sullivan

CALENDAR

Feb. 10-19, 2014

A listing of business events happening all around Orange County.

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Hospitals Have Mixed Year as Profits for Some Dip

Profits of 30 Biggest Drop 7%, Revenue Up

Orange County’s largest hospitals posted mixed results on the profit side over the past year or so. Includes the 2014 OC's HOSPITALS list for download (pdf)

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Village at Orange in Line for $15M Makeover

RETAIL: Owners to seek new restaurants, spruce up entrances

The Village at Orange is set to undergo more than $15 million in improvements that its new owner hopes will help drive more traffic and encourage longer stays at the mall.

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TowerJazz Snags Big Contract With U.S. Air Force

Five-Year Deal to Boost Infrared Sensor Research

An unassuming office building on Jamboree Road in Newport Beach houses critical assets for the country’s national defense.

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Commercial Construction Regained Some Momentum in Q3

REAL ESTATE WATCH: ORANGE COUNTY CONSTRUCTION

Commercial property under construction in Orange County totaled nearly 2.8 million square feet at the end of the third quarter.

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Lighting Co. Adds to Anaheim Manufacturing Base

Intense Lighting Stays Local, Gets Larger HQ

Intense Lighting LLC, an Anaheim-based maker of interior and exterior lighting products, is expanding big in its hometown.

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Edwards’ Next-Generation Valve Gets European Nod

Sapien 3 Sports Cuff to Stop Leaks, Cut Problems

Irvine-based Edwards Lifesciences Corp. is adding another product to its less-invasive replacement heart valve lineup.

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Toshiba Devices Get Crash Tests by Duo and Dog

Marketing Campaign ‘Proves’ They’re Tough

Toshiba America Information Systems Inc. has set out to prove its products are built to last.

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French-Inspired Estate in Newport Coast for $14M

Has Theater, Wine Cellar, Professional Landscaping

The French-inspired estate at 1 Premier Point in Newport Coast has professionally designed gardens that lead to the front entry, where visitors enter a marble-floored foyer with soaring ceilings and marble columns.

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Hoag Orthopedic Aims for Transparency, Engagement

Institute’s Surgery Volume Ranks High Nationally

Hoag Orthopedic Institute, an Irvine-based specialty hospital, looks up to a role model for the type of healthcare it strives to provide.

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Hospitals Stretch Selves Into More Innovation

Seek Entrepreneurs to Improve Healthcare, Bottom Lines

Orange County hospital systems are moving deeper into the “business of innovation” as they seek to respond to changes in the healthcare sector.

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ADDENDUM

Other items of interest in the Orange County Business Journal

The parent of Costa Mesa-based apparel company RVCA said it signed a new contract with founder and President Pat Tenore.

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Amazon Adds in OC With Double Helix Buy

Amazon.com Inc. has boosted its presence in Orange County with the acquisition of Irvine-based video game maker Double Helix Games.

Sunwest Acquires Bank in Idaho

Sunwest Bank in Irvine acquired the assets and deposits of Syringa Bank, a Boise, Idaho-based bank that was closed by the state Department of Finance on Jan. 31.

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I-Flow Moves From Lake Forest to Irvine

Dallas-based Kimberly-Clark Corp. said its I-Flow LLC business unit moved from Lake Forest to the Discovery Business Center in Irvine.

Data Specialist BlueCava Raises $13M

Irvine-based marketing data specialist BlueCava Inc. recently raised $13 million in a second round of funding.

Mitsubishi Names New North America CEO

The parent of Cypress-based Mitsubishi Motors North America Inc. appointed a longtime executive in its Tokyo headquarters to serve as president and chief executive of the local automaker.

First American in $155M Deal for Data Firm

Santa Ana-based First American Financial Corp. said it’s paying $155 million to buy Interthinx Inc., an Agoura Hills-based provider of mortgage-loan-related data.

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Behind the Scenes in Service

Number Cruncher at OC’s Goodwill Industries Helps Manage Swath of Businesses

Donald Voska is a generalist.

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International Man of Mastery

Fluidmaster CFO on to Challenges in Slovenia

Fluidmaster Inc. has been busy solidifying its presence in the international market.

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CoreLogic Comeback

Data Analytics Provider’s Market Value Tops $3B, Critics Turn Quiet

Frank Martell has helped oversee one of Orange County’s biggest turnaround stories over the past 2 ½ years.

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Relationship Builder

CFO Built on Industry Connections to Help Company Become No. 2 U.S. Water Bottler

Kent Ratzlaff ran up to the podium to receive the Rising Star award at the Business Journal’s CFO of the Year Awards, followed by lively cheers from the crowd—a bit more than a typical financial industry’s “attaboy” applause.

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Smith Micro in 2-Fold Panasonic Deal

TECHNOLOGY: Lines up new customer, reseller with pact

Smith Micro Software Inc. landed a deal that makes Japanese conglomerate Panasonic Corp. a customer and reseller for the Aliso Viejo-based software maker.

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Balboa Bay Resort, Club Get Started on New Looks

HOSPITALITY: New dining options among upgrades

Several improvement projects are in the works at Balboa Bay Resort and its members-only sister property now known as Balboa Bay Club.

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Pyott Points to $10B Potential for Allergan Acquisitions This Year

HEALTHCARE: Plenty of cash, little debt, wider market focus

Put Allergan Inc. down as a big shopper this year, thanks to a full coffer of cash and a corporate credit score that could accommodate as much as $10 billion worth of deals.

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New Owners See Hotel in Place of Car Wash at Newport Center

Land in Newport Center that currently holds a car wash is being eyed for a boutique hotel, one of several development projects being proposed for the area around Fashion Island, pending changes to the general plan of the city of Newport Beach.

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Valentine Cheers: Some of What Goes Into a Toast on Coast

Wine Lovers Look Down for Million-Dollar View at St. Regis Monarch Beach

Forget the sweeping ocean vistas, Tuscan-inspired architecture, champagne-feted sunsets, or even the Robert Trent Jones Jr.-designed golf course.

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Emerald’s Big Little Deal

Private Equity Gives Trade Show Outfit New Vigor

Emerald Expositions Inc. functions like a modern-day matchmaker, setting the mood and bringing interested parties under one roof.

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Young for His Resume

Lifetime Achievement Winner’s Experience Spells Versatility

Kevin Manion specializes in swooping in with new ideas and plenty of energy for his employer, whether it’s a distributor of wine and spirits, investment firm, produce grower or a national snacks brand.

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Friday, February 7

Midday Stock Roundup

The S&P 500 was up 0.92% to 1,789.66 in afternoon trading Friday.

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Mixed Q4 for Blizzard

Irvine-based video game maker Blizzard Entertainment Inc. on Thursday reported mixed results in the fourth quarter as sales dipped and operating profits rose.

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Amazon in Deal for OC Game Maker

Amazon.com Inc. has boosted its presence in Orange County with the acquisition of Irvine-based video game maker Double Helix Games.

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New Contract for RVCA Founder

The parent of Costa Mesa-based apparel company RVCA said it signed a new contract that retains founder Pat Tenore as president.

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Kia Unveils First Electric in Chicago

Irvine-based Kia Motors America Inc. unveiled an all-electric version of its Soul, its first electric for the U.S.

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Lake Forest Mortgage Company Buys in L.A.

Lake Forest-based mortgage lender Crossline Capital Inc. has acquired Medallion Mortgage Co. in Agoura Hills on undisclosed terms.

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Technology Media Company Sets Out to Buy Video Service

Irvine-based Ubiquity Broadcasting Corp. is looking to acquire ZUUS Media Inc. in New York for $30 million.

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Thursday, February 6

Kia Unveils First Electric in Chicago

Irvine-based Kia Motors America Inc. unveiled an all-electric version of its Soul, its first electric for the U.S.

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Mixed Q4 for Blizzard

Irvine-based video game maker Blizzard Entertainment Inc. on Thursday reported mixed results in the fourth quarter as sales dipped and operating profits rose.

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New Contract for RVCA Founder

The parent of Costa Mesa-based apparel company RVCA said it signed a new contract that retains founder Pat Tenore as president.

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Amazon in Deal for OC Game Maker

Amazon.com Inc. has boosted its presence in Orange County with the acquisition of Irvine-based video game maker Double Helix Games.

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Lake Forest Mortgage Company Buys in L.A.

Lake Forest-based mortgage lender Crossline Capital Inc. has acquired Medallion Mortgage Co. in Agoura Hills on undisclosed terms.

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Technology Media Company Sets Out to Buy Video Service

Irvine-based Ubiquity Broadcasting Corp. is looking to acquire ZUUS Media Inc. in New York for $30 million.

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Midday Stock Roundup

The S&P 500 rose 0.94% to 1,768.03 in afternoon trading Thursday.

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First American in $155M Deal for Data Provider

Santa Ana-based First American Financial Corp. said on Thursday it is paying $155 million to buy Interthinx Inc., an Agoura Hills-based provider of mortgage loan-related data.

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Questcor Pharmaceuticals Names New Chief Financial Officer

Anaheim-based drug maker Questcor Pharmaceuticals Inc. said Wednesday that it appointed Rajesh Asarpota as its new chief financial officer. His appointment is effective Feb. 17.

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Wet Seal Down on Lowered Q4 Guidance

Shares of Foothill Ranch-based Wet Seal Inc. fell about 8% in afternoon trading Thursday after the teen retailer lowered its earnings guidance for the February quarter.

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Disney: Parks Revenue Up on Boost in Visitor Spending

Higher ticket prices and increased spending at Burbank-based Walt Disney Co.'s parks in Anaheim and other U.S. locations helped grow revenue in the December quarter.

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Wednesday, February 5

Questcor Pharmaceuticals Names New Chief Financial Officer

Anaheim-based drug maker Questcor Pharmaceuticals Inc. said today that it appointed Rajesh Asarpota as its new chief financial officer. His appointment is effective Feb. 17.

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Disney: Parks Revenue Up on Boost in Visitor Spending

Higher ticket prices and increased spending at Burbank-based Walt Disney Co.'s parks in Anaheim and other U.S. locations helped grow revenue in the December quarter.

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Corinthian Shares Drop

Shares of Corinthian Colleges Inc. are down 7% to a market value of about $114 million on financial results that missed expectations for the December quarter.

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Midday Stock Roundup

The S&P 500 was down 0.10% to 1,753.39 in afternoon trading Wednesday.

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Allergan Beats Estimates, Issues Conservative Guidance

Irvine-based Allergan Inc. today reported fourth-quarter financial results that surpassed expectations and issued a cautious outlook for the current quarter.

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Mitsubishi Names New CEO

The parent of Cypress-based Mitsubishi Motors North America Inc. said Wednesday it appointed a long-time executive in its Tokyo headquarters as president and chief executive of the local automaker.

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Kofax Has Strong Debut Quarter on Nasdaq

Irvine-based business software maker Kofax Ltd. on Tuesday posted strong December quarter results in its first earnings report since it began trading on the Nasdaq Dec. 5.

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Kimberly-Clark Moves I-Flow Operating Unit to Irvine

Dallas-based Kimberly-Clark Corp. said today that its I-Flow LLC business unit moved from Lake Forest to the Discovery Business Center in Irvine. Lease terms were not disclosed.

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REAL ESTATE DEALS - Jan. 6, 2014

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

Tuesday, February 4

Kimberly-Clark Moves I-Flow Operating Unit to Irvine

Dallas-based Kimberly-Clark Corp. said today that its I-Flow LLC business unit moved from Lake Forest to the Discovery Business Center in Irvine. Lease terms were not disclosed.

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Kofax Has Strong Debut Quarter on Nasdaq

Irvine-based business software maker Kofax Ltd. on Tuesday posted strong December quarter results in its first earnings report since it began trading on the Nasdaq Dec. 5.

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Midday Stock Roundup

The S&P 500 rose 0.82% to 1,756.16 in afternoon trading Tuesday.

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Taco Bell Growth Leads Corporate Parent in U.S.

Same-store sales for Irvine-based Taco Bell Corp. grew 3% for the year ended December 28.

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OC Automakers Buck National Sales Trend

Most Orange County automakers fared better than the overall industry on sales last month.

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Barney & Barney Acquired by Marsh Subsidiary

Barney & Barney LLC, a San Diego-based insurance brokerage firm with offices in Aliso Viejo and Northern California, has been acquired by Marsh & McLennan Agency LLC on undisclosed terms.

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Travis Mathew Names COO, GC

Huntington Beach-based sportswear company Travis Mathew LLC said it hired Sean Pence to be chief operations officer and general counsel.

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Wet Seal Director Resigns

Teen and contemporary retailer Wet Seal Inc. announced the resignation of board member Mindy Meads, who has been named chief executive of Calypso St. Barth, a Long Island City, New York-based chain that sells resort clothing and accessories.

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Data Specialist Raises $13M

Irvine-based marketing data specialist BlueCava Inc. recently raised $13 million in a second round of funding.

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Disneyland, Kaiser Execs Among CSUF Honorees

California State University Fullerton will honor four “exemplary Titan alumni and supporters” at its Vision & Visionaries dinner and celebration on Feb. 13.

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Monday, February 3

Wet Seal Director Resigns

Teen and contemporary retailer Wet Seal Inc. announced the resignation of board member Mindy Meads, who has been named chief executive of Calypso St. Barth, a Long Island City, New York-based chain that sells resort clothing and accessories.

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Travis Mathew Names COO, GC

Huntington Beach-based sportswear company Travis Mathew LLC said it hired Sean Pence to be chief operations officer and general counsel.

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Data Specialist Raises $13M

Irvine-based marketing data specialist BlueCava Inc. recently raised $13 million in a second round of funding.

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Disneyland, Kaiser Execs Among CSUF Honorees

California State University Fullerton will honor four “exemplary Titan alumni and supporters” at its Vision & Visionaries dinner and celebration on Feb. 13.

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Barney & Barney Acquired by Marsh Subsidiary

Barney & Barney LLC, a San Diego-based insurance brokerage firm with offices in Aliso Viejo and Northern California, has been acquired by Marsh & McLennan Agency LLC on undisclosed terms.

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OC Automakers Buck National Sales Trend

Most Orange County automakers fared better than the overall industry on sales last month.

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Midday Stock Roundup

U.S. stocks slipped after the latest numbers from the Institute of Supply Management showed a manufacturing slowdown in January.

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Sunwest Buys Failed Bank in Idaho

Sunwest Bank in Irvine has acquired the assets and deposits of Syringa Bank, a Boise, Idaho-based bank that was closed by the state Department of Finance last week.

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Confie Buys in Texas

Huntington Beach-based Confie Seguros Insurance Services has acquired 1 Stop Financial Service Centers of America in Round Rock, Texas.

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Sunday, February 2

CALENDAR OCBJ

Feb. 3-11, 2014

A listing of business events happening all around Orange County.

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Saturday, February 1

ADDENDUM

Other items of interest in the Orange County Business Journal

Fountain Valley-based automaker Hyundai Motor America Inc. promoted Bob Pradzinski to vice president of national sales.

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PHILANTHROPY

PHILANTHROPY Column by Kim Haman

It’s Hard Keeping Up With Pascal Olhats These Days

Brasserie Pascal Closing, Epicerie Moving—Where?

A couple of Pascal Olhats surprises popped up recently, and they do not make me happy.

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Wanted: Best Places to Work for Business Journal’s Lists

CALL FOR ENTRIES: Website set to take entries until March 21

Is your workplace great? We want to know.

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Fellow Auto Dealers Honor Wilson

David Wilson, owner and chief executive of Wilson Automotive Group in Orange, received the 2014 David F. Mungenast Lifetime Achievement Award from the American International Automobile Dealers Association during the organization’s 44th annual meeting and luncheon in New Orleans.

Hotel Company Names Division’s COO

Newport Beach-based hotel management company Rim Hospitality named Don Li chief operating officer of the company’s newly established Asia-Pacific division.

EADS Irvine Unit Sold to NY Company

The Irvine-based test and services division of EADS North America will be sold to an aerospace company in New York for $53 million in cash.

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HID Leaves Irvine for New HQ, 300 Hires in Texas

TECHNOLOGY: Plans to spend $50M on plant, HQ

HID Global has moved its U.S. headquarters from Irvine to Austin, Texas, where it’s building a 250,000-square-foot manufacturing and distribution center.

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Boutique Vet Shifts Hotelier’s HQ to Platinum Triangle

HOSPITALITY: Plans to add 2 OC properties to roster this year

Anaheim-based hotel developer and manager BroughtonCompanies recently moved to new digs in the Platinum Triangle district of the city as it looks to re-enter the OC market.

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Quail Street Grows Into Creative Niche

REAL ESTATE: Bixby plans makeover for 45,000-SF office

Newport Center Drive might be the glamour location among Newport Beach offices, but Quail Street is developing a niche of its own in the city’s office market.

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Chain to Open Training Restaurant at Santa Ana HQ

DINING: Flame Broiler plans 30 locations in ’14

There’s a simplicity in how Costa Mesa-based Flame Broiler Inc. operates—something founder Young Lee says has allowed it to grow consistently into its next chapter: a new headquarters.

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KorAm Contribution

97,000 Residents, 9,000 Businesses, $2.6B in Revenue—and Growing in OC

A special initiative under way in Buena Park by one of the largest banks in the U.S. is the latest reflection of the significant concentration of Korean-American businesses in Orange County.

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Anaheim Bureau, OCVA Strike 1st-Time Deal

TOURISM: Set for several initiatives, ‘building together’

Efforts to raise Orange County’s profile as a tourist destination continued with a first-of-its-kind agreement recently struck between the local tourism industry’s two largest organizations.

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Decision Time for Toshiba: All In at Spectrum?

Needs More Office Space, Parking to Shift Device Maker, Complete Consolidation

Toshiba Corp. executives are weighing an expansion of the 23-acre campus the company owns in the Irvine Spectrum, which is home to key segments of its sprawling U.S. operations.

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Success in the Ink for Apparel Maker Sullen

APPAREL: Company continues to cater to tattoo lovers

Sullen Clothing Inc. doesn’t have broad brand recognition like Quiksilver or Billabong, but it does have legitimate standing among its core following of tattoo aficianados.

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Full Circle on Timing of Homes at Baker Ranch

REAL ESTATE: 2014 opening ‘seems like it worked out’

The builders behind Baker Ranch in Lake Forest hope that patience pays off when they open the largest remaining housing development slated for the city.

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Bank Deposits Rise Sharply After 3 Slow-Growth Years

Majority of Banks With OC Presence Post Gains

Commercial banks in Orange County grew local deposits by nearly 8% last year after three straight years of gains averaging 2.6% a year.

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REAL ESTATE DEALS - Feb. 3, 2014

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

W on Pacific Club Menu; Drake Derby; Times Supremely Over the Top

OC INSIDER Column by Jerry Sullivan

Big Crowd for 5 CFO Honorees

Members of the Orange County business community’s financial sector gathered Jan. 28 to laud five winners of the Business Journal’s Seventh Annual CFO of the Year Awards.

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Quality Systems Tries to Improve Hospital Line

It’s Struggled Despite Its Promise Due to Reform

Irvine-based healthcare software maker Quality Systems Inc. has a plan to boost its struggling hospital business, its chief executive said late last month.

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Western Digital Closely Eyes Thailand’s Political Storm

Company Unaffected by Unrest So Far

Western Digital Corp. executives are keeping a close eye on the escalating tension in Thailand after government officials issued a state of emergency there late last month.

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West OC Continues Vacancy Decline, Sale Price Increase

REAL ESTATE WATCH: WEST ORANGE COUNTY

West Orange County, with manufacturing and warehouse and research and development combined, had a 4.6% vacancy rate at the end of the third quarter, continuing a steady decline from the second quarter, when the vacancy rate was 5%.

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Pacific City in HB Gets New Apartment Developer

UDR Takes Over Crescent Heights’ Multifamily Land

A national apartment owner with plenty of familiarity with Huntington Beach has signed on to that city’s Pacific City mixed-use development.

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Ad Agency to Help Headphone Maker Sell to the World

Audiofly Hires Blue C to Market DJ Tiesto Line

Audiofly Pty. Ltd., an Australian headphone manufacturer with North American headquarters in Laguna Hills, named Blue C in Costa Mesa its global advertising agency of record.

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New Home Co.: IPO Will ‘Supercharge’ Builder’s Growth

REAL ESTATE: Shares see modest rise despite choppy market

Executives at The New Home Co. think that the company’s transition to a publicly traded company will help “supercharge” its growth in Orange County and its other core California markets.

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OC Supervisor on Investment Firm’s Board

Orange County Supervisor Todd Spitzer was named to the board of directors of Strategic Realty Trust Inc., a San Mateo-based retail investment company, as part of a settlement between the company’s current board and a shareholder group that included its former manager, Costa Mesa-based Thompson National Properties.

Q&A - Strong Economy?

Orange County’s economy has largely strengthened over the past few years of continued post-recession recovery.

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