Stories for January 2014

Friday, January 31

Profit Up for CommerceWest Bank

Irvine-based CommerceWest Bank reported increases in assets and profit last year, helped by interest income gains and cost cuts.

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New Home Co. Raises $86M in IPO

Aliso Viejo-based The New Home Co. Inc. made its Wall Street debut Friday, raising about $86 million in its initial public offering.

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Midday Stock Roundup

The S&P 500 slipped 0.51% to 1,785.11 in afternoon trading Friday.

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Record Revenue for Broadcom

Irvine-based chipmaker Broadcom Corp. on Thursday reported fourth quarter revenue and earnings that beat Wall Street expectations and provided a revenue target for the current quarter just below estimates.

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Younger Gladstone to CEO of Anna’s

Costa Mesa-based home goods retailer Anna's Linens said it promoted President Scott Gladstone to chief executive.

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Gillman Tapped as UCI’s Interim Chancellor

University of California President Janet Napolitano has picked University of California Irvine Provost and Executive Vice Chancellor Howard Gillman to serve as interim chancellor.

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Thursday, January 30

Gillman Tapped as UCI’s Interim Chancellor

University of California President Janet Napolitano has picked University of California Irvine Provost and Executive Vice Chancellor Howard Gillman to serve as interim chancellor.

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Younger Gladstone to CEO of Anna’s

Costa Mesa-based home goods retailer Anna's Linens said it promoted President Scott Gladstone to chief executive.

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Record Revenue for Broadcom

Irvine-based chipmaker Broadcom Corp. on Thursday reported fourth quarter revenue and earnings that beat Wall Street expectations and provided a revenue target for the current quarter just below estimates.

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QLogic Shares Surge

Shares of QLogic Corp. continued to surge Thursday, a day after the Aliso Viejo-based networking equipment maker posted December quarter earnings that beat Wall Street expectations and gave an outlook in the current quarter on the high end of estimates.

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Search for UCI Chancellor Expected to Take 6 to 9 Months

The process of choosing a successor to University of California Irvine Chancellor Michael Drake will likely take between six and nine months.

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Midday Stock Roundup

The S&P 600 was up 1.24% to 1,796.22 in afternoon trading Thursday.

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ProFun Management Links With New Delhi Firm

Tustin-based ProFun Management Group Inc. said it has partnered with a New Delhi financial services firm interested in theme parks or other entertainment projects in India.

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New CFO at California Republic

Irvine-based California Republic Bancorp has hired financial services veteran Mark Olson as its new chief financial officer to succeed Andy Reid, who will remain the bank’s chief accountant.

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Simple Green Co-Founder to Mt. SAC Hall of Fame

The cofounder of Huntington Beach-based cleaning products maker Sunshine Makers Inc. is set to be inducted into the Mt. San Antonio College Athletics Hall of Fame's 2014 class.

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Universal Protection Buys in Hawaii

Santa Ana-based Universal Protection Service has acquired Kiamalu Consulting & Investigations Agency LLC in Honolulu on undisclosed terms.

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Dyntek Shares Up 42%

Shares of technology service provider DynTek Inc. soared on Wednesday, a day after the Newport Beach-based company posted a strong earnings report for the December quarter.

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Wednesday, January 29

Universal Protection Buys in Hawaii

Santa Ana-based Universal Protection Service has acquired Kiamalu Consulting & Investigations Agency LLC in Honolulu on undisclosed terms.

ProFun Management Links With New Delhi Firm

Tustin-based ProFun Management Group Inc. said it has partnered with a New Delhi financial services firm interested in theme parks or other entertainment projects in India.

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New CFO at California Republic

Irvine-based California Republic Bancorp has hired financial services veteran Mark Olson as its new chief financial officer to succeed Andy Reid, who will remain the bank’s chief accountant.

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Dyntek Shares Up 42%

Shares of technology service provider DynTek Inc. continued to soar Wednesday, a day after the Newport Beach-based company posted a strong earnings report for the December quarter.

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Midday Stock Roundup

The S&P 500 was down 0.64% to 1,781.08 in afternoon trading Wednesday.

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Pimco Names More Deputies for Gross

Pacific Investment Management Co. has named four new deputy chief investment officers in its latest round of appointments following last week’s announcement that Chief Executive and Co-Chief Investment Officer Mohamed El-Erian plans to step down in March.

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UCI Business School Moves Up on FT Rankings

The Financial Times ranked University of California Irvine’s Paul Merage School of Business 48th in the world, a six-spot improvement from last year.

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Big Crowd for 5 CFO Honorees

Members of the Orange County business community’s financial sector gathered Tuesday to laud five winners of the Business Journal’s 7th Annual CFO of the Year Awards.

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Balboa Bay Resort Adds to Dining Options

Balboa Bay Resort recently opened Blend coffee and sandwich shop.

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Reiff Wins Another Golden Mike

“SoCal Insider with Rick Reiff,” a weekly news show produced by Costa Mesa-based public television station PBS SoCal, received two Golden Mike awards from the Radio & Television News Association of Southern California.

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Tuesday, January 28

UCI Business School Moves Up on FT Rankings

The Financial Times ranked University of California Irvine’s Paul Merage School of Business 48th in the world, a six-spot improvement from last year.

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Reiff Wins Another Golden Mike

“SoCal Insider with Rick Reiff,” a weekly news show produced by Costa Mesa-based public television station PBS SoCal, received two Golden Mike awards from the Radio & Television News Association of Southern California.

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OC Supe Spitzer Named Chairman of Retail Investor

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.

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Midday Stock Roundup

The S&P 500 rose 0.52% to 1,790.91 in afternoon trading Tuesday.

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EADS Unit in Irvine Sold for $53M

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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Hyundai Names Head of Sales

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

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Rim Hospitality Names Asia-Pacific COO

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

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Irvine Marriott Nabs IEDC Summit Business

The Irvine Marriott will be the site of a Washington D.C.-based nonprofit organization’s annual leadership summit next week for the event’s first time in the city.

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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 their 44th Annual Meeting and Luncheon in New Orleans.

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Delphi Display Launches Outdoor Menu Product

Costa Mesa-based Delphi Display Systems Inc. added a new outdoor digital menu system to its roster of products.

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Fleming’s New Restaurant to Open in Scottsdale

The founder of Newport Beach-based Fleming’s Prime Steakhouse & Wine Bar is set to take a separate concept he developed outside the state.

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Monday, January 27

Hyundai Names Head of Sales

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

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Fleming’s New Restaurant to Open in Scottsdale

The founder of Newport Beach-based Fleming’s Prime Steakhouse & Wine Bar is set to take a separate concept he developed outside the state.

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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 their 44th Annual Meeting and Luncheon in New Orleans.

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Rim Hospitality Names Asia-Pacific COO

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

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Irvine Marriott Nabs IEDC Summit Business

The Irvine Marriott will be the site of a Washington D.C.-based nonprofit organization’s annual leadership summit next week for the event’s first time in the city.

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Delphi Display Launches Outdoor Menu Product

Costa Mesa-based Delphi Display Systems Inc. added a new outdoor digital menu system to its roster of products.

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Midday Stock Roundup

The S&P 500 fell 0.47% to 1,781.87 in afternoon trading Monday.

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JWA December Traffic Rises 7%

Overall December passenger traffic at John Wayne Airport grew 7.3% from the year-ago period to 789,342.

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OCVA Gives Top Nod to Visit Laguna CEO

The Irvine-based Orange County Visitors Association said it plans to honor outgoing Visit Laguna Beach Chief Executive Judy Bijlani with its annual Legacy Award.

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Sunday, January 26

REAL ESTATE DEALS - Jan. 27, 2014

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

CALENDAR OCBJ

Jan. 27-Feb. 5, 2014

A listing of business events happening all around Orange County.

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Saturday, January 25

El Pollo Nuevo

‘Quick Service-Plus’ Chain Back to Growth After 2 Years of Tweaks

El Pollo Loco Inc. Chief Executive Steve Sather meets with the chain’s management team every Monday from 10:30 a.m. to noon.

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Pimco Parlor Game: Gross as Goliath?; El-Erian 'Miscast'?

OC INSIDER by Jerry Sullivan

Foreign-Owned Companies Top Overall Picture on Hires

ECONOMY: 5% increase to more than 30,000 workers here

The foreign-owned companies with operations in Orange County combined to employ 30,042 workers here in 2013, up 5% from a year earlier. Includes the 2014 OC's LARGEST FOREIGN-OWNED COMPANIES list for download (pdf)

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Hot on Headsets

Kingston Aims for Gamer Niche

Kingston Technology Co., the world’s largest memory products maker for computers and consumer electronics, is moving into the audio accessories business.

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Golf Retailer Buys Bankrupt Florida Chain

Santa Ana-based Worldwide Golf Enterprises Inc. acquired Edwin Watts Golf Shops LLC, a retailer in Ft. Walton Beach, Fla

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OCTA Skips Santa Ana Buy, Renews Lease in Orange

11th-Hour Deal to Stay at Union Bank Square HQ

The Orange County Transportation Authority is staying in Orange, after all.

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Vizio Ditches Disappointing 3-D Feature in 2014 Models

Removes It From Lineup After Two Years

It appears Irvine-based Vizio Inc. is changing its strategy regarding 3-D TVs.

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DC Shoes Celebrates Its 20th Anniversary Online

Video, Digital Ads Talk Up Sporting Innovations

DC Shoes Inc. in Huntington Beach is celebrating its 20th anniversary by kicking off the “Defy Convention” ad campaign.

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Edwards Lifesciences Corp.’s Up-and-Down Week

Snags Patent Win, Gets Early Valve Competition

Edwards Lifesciences Corp. demonstrated the adage of “what goes up must come down” this month.

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January Luxury Sales Match Rate of Past 6 Months

Pace Brisk, Though Many Go for Less Than Listings

The 10,652-square-foot lot at 11 Strand Beach Drive in Dana Point sold for $11.9 million on Dec. 13, a $2.4 million drop from its asking price a week earlier.

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Office Rents Up as Negative Absorption Returns

OFFICE SPACE

The Orange County office market continued to make steady progress during the fourth quarter, despite some lingering headwinds.

Retail Market Ends 2013 on Healthy Note

RETAIL SPACE

The Orange County retail market ended 2013 with improving market fundamentals as tenant demand and overall activity increased.

Wanted: Best Places to Work for OCBJ’s Lists

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

Is your workplace great?

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County’s Industrial Vacancy Near Record Low

INDUSTRIAL SPACE

The downward trend of Orange County industrial vacancy rates continued throughout the fourth quarter.

Irvine Business Complex Continues Apartments Trend

Plans Represent Most Development There in Years

The one-time homes of churches, dietary supplement manufacturers, clean-energy companies, and a host of other office tenants in Irvine are on the fast track to being turned into apartment sites in the latest burst of development activity at the Irvine Business Complex.

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Change Is Constant for County’s Infill Developers

Shea, Sares-Regis Shift With Market, Changing Tastes

There’s no such thing as a slam dunk or a straight shot when it comes to infill redevelopment projects.

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Why Keirstead Left UCI for Corner Office

HEALTHCARE: Stem-cell pioneer sees potential for commercial OK

Orange County stem-cell pioneer Hans Keirstead has added another title to his repertoire as the company he now runs revs up its action.

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Cigna Buys Into View of Rising Rents for Offices in Airport Area

REAL ESTATE: Greenlaw stays as insurer’s partner, plans to move in

An office tower in the John Wayne Airport area of Irvine has changed hands in the latest deal by a national investor bullish on the local market’s potential for rent growth.

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ADDENDUM

Other items of interest in the Orange County Business Journal

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Former Genzyme CEO to Allergan Board

Irvine-based Allergan Inc. said in a federal filing that it added a seat to its board of directors and appointed a former Genzyme Corp. chief executive to the post, effective this past Friday.

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Healthcare Software Developer Raises $29.5M

Irvine-based healthcare software developer Kareo Inc. got $29.5 million in venture funding it said will go toward sales and marketing, among other areas, to help “accelerate growth.”

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New Head for Suzuki Motorcycles, ATVs

Brea-based Suzuki Motor of America Inc. named Takeshi Hayasaki president.

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Newport Corp. Has Rebound in Sight After Rugged ’13

TECHNOLOGY: Gets lift from from mobile devices, budget deal

Laser maker Newport Corp.’s burgeoning line of products for the microelectronics market is fueling optimism for a rebound this year after the federal government shutdown and sequestration tempered sales in 2013.

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Hat Wholesaler Set for Move to Brea

APPAREL: Shift of West Coast HQ comes on steady growth

A run of steady growth has hat maker Flexfit LLC slated to move its West Coast operations from Fullerton to a larger facility in Brea in coming months.

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Allergan Ramps Up R&D, Eyes Acquisitions

HEALTHCARE: Plans to add hundreds of researchers

Allergan Inc. is setting an ambitious goal for research and development spending as it continues to load its pipeline.

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Concordia Business School Seeks Fresh Status

EDUCATION: New dean aims to make OC ‘4-university region’

Concordia University Irvine didn’t go far to find a new dean for its School of Business.

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Friday, January 24

OCVA Gives Top Nod to Visit Laguna CEO

The Irvine-based Orange County Visitors Association said it plans to honor outgoing Visit Laguna Beach Chief Executive Judy Bijlani with its annual Legacy Award.

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JWA December Traffic Rises 7%

Overall December passenger traffic at John Wayne Airport grew 7.3% from the year-ago period to 789,342.

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Midday Stock Roundup

The S&P 500 was down 1.39% to 1,803.13 in afternoon trading Friday.

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OC Gains Jobs, Jobless Rate on Steady Decline

Orange County employment grew by about 2.4% last year, boosted by December gains that helped push the unemployment rate down to 5.2% from 5.7% in November and 6.8% a year earlier.

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County’s Two Major Tourism Groups to Partner

The Anaheim/Orange County Visitor and Convention Bureau and Orange County Visitors Association plan to partner on a number of initiatives under a new agreement that stands to benefit the nearly 700 industry businesses the two represent.

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Plaza Bank Profits Up

Irvine-based Plaza Bank more than doubled its profit in 2013, rounding out the year with a boost in net income in the final quarter.

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Memorial Names CFO, Expands Treasurer’s Role

MemorialCare Health System has named a new chief financial officer and added a title to its corporate treasurer’s title.

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South Coast Rings In Chinese New Year

South Coast Plaza hosted a celebration Thursday evening to celebrate the Chinese Lunar New Year.

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Thursday, January 23

Memorial Names CFO, Expands Treasurer’s Role

MemorialCare Health System has named a new chief financial officer and added a title to its corporate treasurer’s title.

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Midday Stock Roundup

The S&P 500 was down 1.18% to 1,823.15 in afternoon trading Friday.

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VC Funding Up for 2013 Despite Q4 Dropoff

Venture capital funding for Orange County-based businesses rose 13% in 2013 despite a steep dropoff in the fourth quarter.

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NAMM Show Starts at Anaheim Convention Center

The Anaheim Convention Center's largest show of the year kicked off today for its four-day run here.

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Preferred Hotel Group Adds Island Hotel to Roster

Preferred Hotel Group, which has its executive office in Newport Beach, added the Island Hotel Newport Beach to its roster of member properties.

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Wednesday, January 22

VC Funding Up for 2013 Despite Q4 Dropoff

Venture capital funding for Orange County-based businesses rose 13% in 2013 despite a steep dropoff in the fourth quarter.

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OC Coastal Resorts Nab Top Travel Honors

Several Orange County properties received nods in the most recent round of travel surveys.

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Western Digital Beats December Quarter Earnings Expectations

Irvine-based disk drive maker Western Digital Corp. on Wednesday reported December quarter earnings and revenue that beat Wall Street expectations.

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Santa Ana Golf Retailer in Florida Deal

Santa Ana-based Worldwide Golf Enterprises Inc. has acquired Edwin Watts Golf Shops LLC, a retailer in Ft. Walton Beach that filed for bankruptcy late last year.

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Midday Stock Roundup

The S&P 500 rose 0.11% to 1,845.91 in afternoon trading Wednesday.

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Pimco Outlines Executive Changes in Wake of El-Erian Resignation

Newport Beach-based Pacific Investment Management Co. announced a roster of new appointments in portfolio management and business leadership positions in the wake of word that Mohamed El-Erian will step down as chief executive and co-chief investment officer.

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New CEO for Western Dental

Orange-based Western Dental Services Inc. has named Simon Castellanos its new chief executive officer.

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Allergan Names New Director

Irvine-based Allergan Inc. said today in a federal filing that it has added a seat on its board of directors and appointed a former Genzyme Corp. chief executive to the post, effective Jan. 24.

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Sage Hill School Names McNeill President

The board of trustees of Sage Hill School named Gordon McNeill as the school’s president, a new position.

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Robinson to Be Installed President of ABOTA

Mark Robinson Jr., managing partner of Newport Beach-based law firm Robinson Calcagnie Robinson Shapiro Davis Inc., will be installed as this year’s president of the American Board of Trial Advocates on Jan. 25.

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Tuesday, January 21

Sage Hill School Names McNeill President

The board of trustees of Sage Hill School named Gordon McNeill as the school’s president, a new position.

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Allergan Names New Director

Irvine-based Allergan Inc. said today in a federal filing that it has added a seat on its board of directors and appointed a former Genzyme Corp. chief executive to the post, effective Jan. 24.

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El-Erian to Leave Pimco

Mohamed El-Erian is stepping down from his chief executive and co-chief investment officer roles at Pacific Investment Management Co.

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Midday Stock Roundup

The S&P 500 was up 0.08% to 1,840.22 in afternoon trading Tuesday.

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Anaheim Distributor Buys in LA

Harbor Distributing LLC in Anaheim has acquired Sylmar-based beer distributor Allied Beverages Inc., which has a client list of some 4,100 retailers.

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Windjammer Exits Drink Dispenser Company

Newport Beach-based private equity investor Windjammer Capital Investors has sold its stake in Automatic Bar Controls Inc. to Middleby Corp. on undisclosed terms.

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Kareo Gets $29.5M

Irvine-based healthcare software developer Kareo Inc. got $29.5 million in venture funding it said will go toward sales and marketing, among other areas, to help “accelerate growth.”

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Seaside Health Plan Gets New Administrator

Fountain Valley-based MemorialCare Health System said today that Wendy Dorchester has been appointed chief administrative officer of its Seaside Health Plan business unit. The position is new.

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Monday, January 20

Seaside Health Plan Gets New Administrator

Fountain Valley-based MemorialCare Health System said today that Wendy Dorchester has been appointed chief administrative officer of its Seaside Health Plan business unit. The position is new.

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Anaheim Distributor Buys in LA

Harbor Distributing LLC in Anaheim has acquired Sylmar-based beer distributor Allied Beverages Inc., which has a client list of some 4,100 retailers.

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Stock Roundup: Markets Closed Today

The stock market was closed Monday for the Martin Luther King Jr. Day holiday.

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Edwards Falls on Early Medtronic Heart Valve Approval

Shares of Irvine-based Edwards Lifesciences Corp. closed down on Friday on news that the Food and Drug Administration granted an early approval of a less-invasive heart valve developed in Orange County and sold by rival Medtronic Inc.

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Suzuki Taps Longtime Exec as President

Brea-based Suzuki Motor of America Inc. named Takeshi Hayasaki president.

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Wyndham Irvine Names GM, Sales Director

The 335-room Wyndham Irvine-Orange County Airport announced Justin Gammon is its new general manager.

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Taco Bell to Expand Drink Menu

Irvine-based Taco Bell Corp. plans to roll out an expanded beverage menu as the company focuses on its strategy to double its business over the next decade.

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Sunday, January 19

REAL ESTATE DEALS - Jan. 20, 2014

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

Saturday, January 18

Why Jewelry Exchange Has Mine of Its Own

COMMODITIES: Gets gold mine, boosts stake in diamond wholesaler

The Tustin-based company that owns the Jewelry Exchange retail chain has added a gold mine and boosted its link to the world’s leading diamond supplier in a strategy to offset price fluctuations on its raw materials.

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Santa Ana’s Intellectual Property

Federal Courthouse, Bench Raise Profile on Patent Law

Orange County’s federal district judges have been a key to the emergence of Santa Ana as a venue of choice for patent litigation among lawyers throughout the U.S.

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Sares-Regis’ SoCal Pipeline Nears $1B

REAL ESTATE: Distribution center for Deckers among projects

Sares-Regis Group is becoming the master of making big statements.

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Irvine Company Eyes Multiple Tenants for Newest Trophy

Tower on OC’s Priciest Street

The newest office tower being built in Newport Center is available for lease, with rental rates at the trophy property expected to rise as high as the building’s 21 stories.

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Carmakers Steal Show at CES

AUTOMOTIVE: Companies unveil futuristic gizmos in Vegas

Evangelina La needs only a few swipes across the arm of Google Glass to rifle through some applications featured in Hyundai’s latest infotainment system.

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Fisker Not Quite Done, Moves to Costa Mesa

AUTOS: Luxury brand draws competing bids, BK auction nears

Fisker Automotive Inc. has begun to quietly move its remaining operations from Anaheim to a Costa Mesa office building at the edge of John Wayne Airport.

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Gallegos Gets Latino Chunk of Fast-Food Account

MARKETING: Joint pitch with general-market shop for Church’s

Grupo Gallegos in Huntington Beach will be the first multicultural advertising agency of record for Church’s Chicken after a joint pitch with Made Movement LLC, which will handle general market advertising duties.

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Device Maker Brings Work to Lake Forest

HEALTHCARE: eVent gets grip on costs, cuts US sales for now

Lake Forest-based medical device maker eVent Medical Inc. is aiming entirely overseas for its growth for now, with plans to get back into the U.S. market by year-end.

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Autobytel Buys Auto Sales Aggregator

Irvine-based Autobytel Inc. paid $10 million for auto sales leads aggregator AutoUSA, a unit of AutoNation Inc. in Fort Lauderdale, Fla.

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Online Ad Agency Names Board Chair

Irvine-based Local Corp., an online advertising technology company, chose Fred Thiel to be its new board of directors chairman.

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Knott’s to Add 3 Rides at Camp Snoopy

Knott’s Berry Farm revealed plans for the revitalization of its Camp Snoopy children’s area.

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Laguna Beach Tourism Head to Leave

Visit Laguna Beach Chief Executive Judith Bijlani plans to step down from her post at the city’s destination marketing organization this month.

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Wanted: Best Places to Work for OCBJ’s Lists

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

Is your workplace great?

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ADDENDUM

Other items of interest in the Orange County Business Journal

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Q&A - Law Firms

The legal industry is in constant flux due to changing laws and shifting trends in the business of running law firms and in educating lawyers.

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Firm Expects Business Boost From Healthcare Reform

Boutwell Fay Specializes In Employee Benefits Law

Legal work related to healthcare reform has been taking up a growing share of business at Boutwell Fay LLP, an employee-benefits specialist whose partners said they expect the trend to strengthen through 2014 as various parts of the Affordable Care Act take effect.

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Direct Flow Gets European Approval, Plans U.S. Trial

Expands the Treatable Population for Valve

Direct Flow Medical Inc., a Santa Rosa-based heart valve startup that manufactures its devices in Lake Forest, has had a busy January.

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OC Marketing Firm to Help Goodwill Go Mobile

MEDL Hired to Make Mobile Site for Nonprof

Fountain Valley-based MEDL Mobile Inc. said it’s been hired by Goodwill of Orange County to develop a mobile version of its auction website, ShopGoodwill.com.

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Irvine Ranch Keeps Top Spot for Home Sales in State

RMV, Great Park Best Among New Projects

The Irvine Ranch had no trouble keeping its crown as California’s busiest masterplanned community last year.

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Mid-Counties Industrial Activity Maintains Momentum in Q3

REAL ESTATE WATCH: THE MID-COUNTIES MARKET

Continued strong industrial user demand was evident across all size ranges in the Mid-Counties area in the third quarter, reinforcing signs of optimism.

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Broadcom Gets Boost From Premier Electronics Show

Analysts More Confident About Its LTE Gains

Broadcom Corp. left Las Vegas and the International Consumer Electronics Show with several analyst nods following executive meetings and product demos at the event.

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CALENDAR OCBJ

Jan. 20-29, 2014

A listing of business events happening all around Orange County.

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PHILANTHROPY

Philanthropy Column by Kim Haman

Philanthropy Column by Kim Haman

Firms Continue Attorney Cutbacks, Combine for 2% Dip

30 of Largest Firms Trim Their Orange County Ranks

Orange County’s largest law firms trimmed their workforces last year, marking the second straight year of modest cuts in the number of lawyers here. Includes the 2014 OC's LARGEST LAW FIRMS list for download (pdf)

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Freedom’s Other Trim:Land Sale to Lyon; Locals Eye Marblehead

OC INSIDER Column by Jerry Sullivan

Friday, January 17

Suzuki Taps Longtime Exec as President

Brea-based Suzuki Motor of America Inc. named Takeshi Hayasaki president.

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Edwards Falls on Early Medtronic Heart Valve Approval

Shares of Irvine-based Edwards Lifesciences Corp. were down today on news that the Food and Drug Administration granted an early approval of a less-invasive heart valve developed in Orange County and sold by rival Medtronic Inc.

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Taco Bell to Expand Drink Menu

Irvine-based Taco Bell Corp. plans to roll out an expanded beverage menu as the company focuses on its strategy to double its business over the next decade.

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Wyndham Irvine Names GM, Sales Director

The 335-room Wyndham Irvine-Orange County Airport announced Justin Gammon is its new general manager.

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Midday Stock Roundup

The S&P 500 fell 0.18% to 1,842.51 in afternoon trading Friday.

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OC Auto Dealers Post 10.6% Sales Gain for 2013

Sales of new cars and light trucks at Orange County auto dealers increased 10.6% in 2013, according to a year-end report from the Newport Beach-based Orange County Automobile Dealers Association.

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BJ's Slides on Q4 Update

Restaurant operators weren’t immune to the lackluster activity that befell many retailers during the holiday selling season, with Huntington Beach-based BJ’s Restaurants Inc. the latest local company to report a slowdown in guest traffic at the end of the year.

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AqueSys Gets $43.6M in Funding

Irvine-based eye device maker AqueSys Inc. said today that it has raised $43.6 million in a fourth round of funding.

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$11M Grant for UCI Professor

UC Irvine’s associate professor of education Carol Booth Olson has received an $11 million grant from U.S. Department of Education.

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Thursday, January 16

OC Auto Dealers Post 10.6% Sales Gain for 2013

Sales of new cars and light trucks at Orange County auto dealers increased 10.6% in 2013, according to a year-end report from the Newport Beach-based Orange County Automobile Dealers Association.

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BJ's Slides on Q4 Update

Restaurant operators weren’t immune to the lackluster activity that befell many retailers during the holiday selling season, with Huntington Beach-based BJ’s Restaurants Inc. the latest local company to report a slowdown in guest traffic at the end of the year.

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$11M Grant for UCI Professor

UC Irvine’s associate professor of education Carol Booth Olson has received an $11 million grant from U.S. Department of Education.

AqueSys Gets $43.6M in Funding

Irvine-based eye device maker AqueSys Inc. said today that it has raised $43.6 million in a fourth round of funding.

Sources Say: Top Editor, Several Deputies Among 35 Laid Off at Register

Leaks from the Orange County Register newsroom in Santa Ana have fueled a rumor mill in advance of a 2 p.m. meeting that’s expected to bring word that parent Freedom Communications Holdings Inc. plans to make sweeping changes to the daily’s newsroom, where a total of 35 layoffs are expected.

Midday Stock Roundup

The S&P 500 was down 0.19% to 1,844.95 in afternoon trading Thursday.

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Skilled Healthcare Initiates Search for President

Foothill Ranch-based Skilled Healthcare Group Inc. hired Korn/Ferry International to help the nursing home operator conduct a search for a successor to former President and Chief Operating Officer Jose Lynch.

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Wednesday, January 15

Knott's to Add Three Kids Rides

Knott’s Berry Farm on Tuesday revealed specific plans for the revitalization of its Camp Snoopy children’s area.

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Midday Stock Roundup

The S&P 500 was up 0.45% to 1,847.20 in afternoon trading Wednesday.

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Blue C Lands Audiofly

Audiofly Pty Ltd., an Australian headphone manufacturer with North American headquarters in Laguna Hills, named Blue C its advertising agency of record for the U.S.

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Tuesday, January 14

Knott's to Add Three Kids Rides

Knott’s Berry Farm on Tuesday revealed specific plans for the revitalization of its Camp Snoopy children’s area.

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Midday Stock Roundup

The S&P 500 rose 0.98% to 1,836.97 in afternoon trading Tuesday.

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Tilly's Chief: Holiday Sales ‘In Line’ With Forecast

Irvine action-sports retailer Tilly's Inc. fared better than some of its peers during the rugged holiday selling period and said its fourth-quarter results will be in line with previously announced guidance.

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Autobytel Pays $10M for AutoUSA

Irvine-based Autobytel Inc. has paid $10 million for auto sales leads aggregator AutoUSA, a unit of AutoNation Inc. in Ft. Lauderdale, Fla.

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Waterfront Beach, Island Hotels Announce GMs

The Waterfront Beach Resort named Paulette Fischer general manager of the 290-room hotel.

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Local Corp. Names Board Chairman

Irvine-based Local Corp., an online advertising technology company, chose Fred Thiel to be its new board of directors chairman.

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J Fin Lands Spy Optic Licensing Deal

Irvine-based apparel company The J Fin Group signed a licensing agreement with eyewear maker Spy Optic Inc.

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Visit Laguna CEO Moving On

Visit Laguna Beach Chief Executive Judith Bijlani plans to step down from her post at the city's destination marketing organization this month.

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Wanted: Best Places to Work for OCBJ’s Lists

Is your workplace great? We want to know. The Business Journal is working on its annual lists of the best places to work in Orange County.

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Monday, January 13

Local Corp. Names Board Chairman

Irvine-based Local Corp., an online advertising technology company, chose Fred Thiel to be its new board of directors chairman.

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Autobytel Pays $10M for AutoUSA

Irvine-based Autobytel Inc. has paid $10 million for auto sales leads aggregator AutoUSA, a unit of AutoNation Inc. in Ft. Lauderdale, Fla.

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Tilly's Chief: Holiday Sales ‘In Line’ With Forecast

Irvine action-sports retailer Tilly's Inc. fared better than some of its peers during the rugged holiday selling period and said its fourth-quarter results will be in line with previously announced guidance.

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J Fin Lands Spy Optic Licensing Deal

Irvine-based apparel company The J Fin Group signed a licensing agreement with eyewear maker Spy Optic Inc.

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Waterfront Beach, Island Hotels Announce GMs

The Waterfront Beach Resort named Paulette Fischer general manager of the 290-room hotel.

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Midday Stock Roundup

The S&P 500 fell 0.64% to 1,830.49 in afternoon trading Monday.

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Quality Falls on Hospital Solutions Division Update

Shares of Irvine healthcare software maker Quality Systems Inc. fell in afternoon trading Monday after the company warned of an impairment charge to its Hospital Solutions Division as a result of disappointing performance.

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Quiksilver's Hawk Designs to be Sold

Huntington Beach-based Quiksilver Inc. said Monday it is selling its clothing business Hawk Designs Inc. for $19 million to Cherokee Inc.

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Hybrid Ups Fisker Bid to $55M

Hybrid Tech Holdings LLC said it would offer $55 million for local luxury hybrid automaker Fisker Automotive Inc.

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Sunday, January 12

Manufacturing, Warehouse Vacancy Rate Continues to Drop

REAL ESTATE WATCH: MANUFACTURING & WAREHOUSE

The manufacturing and warehouse vacancy rate steadily decreased throughout the first three quarters of 2013, dropping in the third quarter to 2.8% from 3.4% a year earlier.

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Hoteliers, Meeting Venues Regain Advantage in Upturn

Hold More Leverage in Negotiations on Rates

The outlook for the hotel and meetings business continues to shine bright into the new year. Includes the 2014 OC's HOTEL MEETING ROOM SPACE list for download (pdf)

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Freeman Works Egypt; HOF for Baker; Wang’s Loss; Zocalo’s Gain

OC INSIDER Column by Jerry Sullivan

Federal Patent Probe of Kingston Technology Ends

Patent Infringement Was Alleged by Patent Troll

The U.S. International Trade Commission has closed a seven-month patent investigation of Fountain Valley-based Kingston Technology Co. and several other big-name technology companies, including Hewlett-Packard, Canon and Newegg.

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$37M Industrial Buy in Costa Mesa for Extracts Maker

$10M Jump in Price for Sunflower Ave. Building

A Chinese maker of herbal extracts used in supplements and cosmetics has bought one of Costa Mesa’s larger industrial properties.

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CALENDAR OCBJ

Jan. 13-22, and Jan. 28, 2014

A listing of business events happening all around Orange County.

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Botox Now Pricier, Could Get More Competition

Revance Therapeutics Files Papers for IPO

The New Year is starting out on a busy foot for botulinum toxin medications, including Botox, the flagship product of Irvine-based Allergan Inc.

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Irvine’s Hotel Pipeline Fills Up in New Year

Its Hotel Room Count Could Grow By About 25%

A hotel development push in Irvine is under way as the city aims to grab a larger slice of Orange County’s business and tourism travel.

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Q&A - Executives Talk Technology

Technology continues to change and improve, and everyone from meeting planners to hoteliers to destination marketing organizations is taking advantage of it to remain competitive, retain existing clients, or book new groups.

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Visitor Bureau Head Builds Staff to Build Business

Prepares for New Hotels, Convention Center Growth

Jay Burress is just shy of a year on the job heading up the Anaheim/Orange County Visitor & Convention Bureau, but he’s already made a splash with a retool of its sales force.

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OC’s Luxury Home Sale Revival Continued in 2013

But May Not Return to High for Several Years

There’s little doubt among real estate professionals and casual observers that the 2013 luxury home market provided sellers with continued relief from the lean years of the Great Recession.

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ADDENDUM

Other items of interest in the Orange County Business Journal

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Draftfcb Takes on First Taco Bell Project in Awhile

Sister Agency Deutsch LA Had Taken Lion’s Share

Interpublic Group’s Draftfcb is behind a new TV spot for Taco Bell Corp.’s Grilled Stuft Nachos, interrupting a recent streak of work produced by its sister agency, Deutsch LA, for the Irvine-based fast-food chain.

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Valeant Shifts OC Eye Surgery Operations to Spectrum

HEALTHCARE: Keeps staff of 150 here after Bausch buy

Valeant Pharmaceuticals International will continue to be part of Orange County’s life science sector—albeit in a different form.

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Irvine Manufacturer Gets Supply Contract

Irvine-based ChromaDex Corp., a maker of ingredients for dietary supplements and other products, signed a four-year, $62 million supply contract with 5Linx Enterprises Inc., a marketing firm in Rochester, N.Y.

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Advantage Sales Acquires NY Marketer

Irvine-based Advantage Sales & Marketing LLC acquired BoxTop Media LLC in New York on undisclosed terms.

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Alliant Insurance Buys Consulting Firm

Newport Beach-based Alliant Insurance Services acquired Sagewell Partners, a consulting firm in Pittsburgh that specializes in disability and life benefits plans. Terms were undisclosed.

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Vizio Unveils Ultra High-Definition TVs

Irvine-based Vizio Inc. introduced its first line of ultra high-definition TVs during private meetings with media last week on the eve of the International Consumer Electronics Show in Las Vegas.

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Casanova Pendrill Extends Win Streak With Chevy

MARKETING: Beats incumbent in Austin; in process on hires

One of Orange County’s largest advertising agencies added one of the largest accounts in its history last week.

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Manufacturer Follows Device Hub to New Market

HEALTHCARE: ‘Major’ customer asked Interplex to expand repertoire

Tustin-based contract manufacturer Interplex Nascal Inc. is branching out from industrial work into the medical device field.

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Laguna Hills Retail Center Bets $1M on Diversification Plan

RETAIL: The Row aims to add tenants beyond home furnishings

A Laguna Hills shopping center known for its furniture offerings has spent $1 million to revamp its image in a campaign that has helped diversify its tenant base and foot traffic.

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ClearVision Bucks Trend With Growth

FINANCE: Mortgage lender plans to double workforce

Wholesale mortgage specialist ClearVision Funding is planning to double its workforce and lend more in 2014, filling a gap in homebuyer demand as larger commercial banks exit or pull back from mortgage lending.

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SOCO Lines Up Additions, Expansion for Hip Retail Mix

RETAIL: Costa Mesa center also busy with events

SOCO—the hip mix of furniture, fashion and food tenants along the San Diego (405) Freeway in Costa Mesa—continues to solidify its presence in Orange County’s retail landscape with a spate of new tenants scheduled to arrive early this year.

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Fast-Growing Drug Maker to Double HQ Space

REAL ESTATE: Avanir adds to space at Summit in Aliso Viejo

Avanir Pharmaceuticals Inc., one of Orange County’s fastest-growing public companies in recent years, has inked a lease to more than double the size of its headquarters in Aliso Viejo.

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McKnight on Board for Quiksilver Brand Hotels

HOSPITALITY: Takes director’s seat at firm with license deal

Two of the biggest names in the action-sports business are attached to a fundraising effort that seeks to bring a new hotel concept to the global market.

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Hotel, Apartments in Works for Park Place

REAL ESTATE: Sares-Regis, Texas developer in deals for land

A hotel and another round of apartment construction are being planned for LBA Realty’s sprawling Park Place mixed-use campus, which also holds the potential for a new office tower.

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Terms of Engagement

Activist Investor Prefers Low Profile But Will Take Fights Public

Much of Engaged Capital LLC’s work gets done behind the scenes.

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KISS and Sell

Legendary Rocker Looks to Pack Honda Center With Arena Football

Kiss front man Gene Simmons promises to recreate the same raucous experience that’s defined his rock band’s concerts for more than four decades in his latest business venture: arena football.

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Saturday, January 11

REAL ESTATE DEALS - Jan. 13, 2013

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

OC Less Active on Activist Investors

Activist investors account for a relatively smaller share of the private equity scene in Orange County and generally on the West Coast.

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Friday, January 10

Bankruptcy Judge: Fisker to Auction

Luxury hybrid automaker Fisker Automotive Inc. will go to auction after a bankruptcy judge on Friday rejected a purchase proposal from the automaker's senior secured lender.

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Pacific Sunwear Lowers Guidance on 'Choppy' Holiday

Shares of Anaheim-based action-sports retailer Pacific Sunwear of California Inc. slumped in afternoon trading Friday, a day after it lowered its guidance for the January quarter following a slowdown at its stores during most of December.

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Midday Stock Roundup

The S&P 500 was up 0.02% to 1,837.71 in afternoon trading Friday.

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Casanova Pendrill Gets Chevrolet

General Motors Co. has named Costa Mesa-based Casanova Pendrill Inc. its advertising agency of record for the Latino-American market for its Chevrolet brand.

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Fluidmaster Buys Slovenia Company

San Juan Capistrano-based toilet-parts maker Fluidmaster Inc. has acquired Kolektor Liv in Postojna, Slovenia.

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OC Hotels Up in November

Orange County hotels notched overall gains in key industry measures in November even as Anaheim—its biggest submarket—ran counter to the trend.

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Mazda Pushes Back SKYACTIV-D Engine Launch

Irvine-based Mazda North American Operations said the North American rollout of its SKYACTIV-D diesel engine is no longer scheduled for the spring.

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Thursday, January 9

Pacific Sunwear Lowers Guidance on 'Choppy' Holiday

Shares of Anaheim-based action-sports retailer Pacific Sunwear of California Inc. slumped in after-hours trading Thursday on lowered guidance for the January quarter following a slowdown at its stores during most of December.

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Mazda Pushes Back SKYACTIV-D Engine Launch

Irvine-based Mazda North American Operations said the North American rollout of its SKYACTIV-D diesel engine is no longer scheduled for the spring.

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Midday Stock Roundup

The S&P 500 fell 0.03% to 1,836.89 in afternoon trading Thursday.

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D-Link Debuts Baby Camera at CES

Fountain Valley-based D-Link Systems Inc. introduced a Wi-Fi baby camera among a suite of products that debuted this week in Las Vegas at the International Consumer Electronics Show.

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Wanxiang Adds $10M to Bid for Fisker

A competing offer for Anaheim-based Fisker Automotive Inc. was sweetened with an additional $10 million.

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Wednesday, January 8

Midday Stock Roundup

The S&P 500 fell 0.10% to 1,836.06 in afternoon trading Wednesday.

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Broadcom Unveils New Products, Apple Tie-Up at CES

Irvine-based chipmaker Broadcom Corp. introduced a slew of new innovations at the International Consumer Electronics Show, which officially kicked off Tuesday in Las Vegas.

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Wescoat New CFO at Emulex

Costa Mesa-based Emulex Corp. has named Kyle Wescoat as its new chief financial officer in a continued restructuring effort.

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Mazda Mexico Factory Begins Production

The parent of Irvine-based Mazda North American Operations said its plant in Guanajuato, Mexico, is up and running.

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LoanDepot Taps Former Pimco Manager as CIO

Foothill Ranch-based mortgage lender LoanDepot.com LLC has named Bryan Sullivan its chief investment officer.

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Alliant Buys Consulting Firm

Newport Beach-based Alliant Insurance Services has acquired Sagewell Partners, a consulting firm in Pittsburgh that specializes in disability and life benefit plans.

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Tuesday, January 7

Mazda Mexico Factory Begins Production

The parent of Irvine-based Mazda North American Operations said its plant in Guanajuato, Mexico, is up and running.

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Broadcom Unveils New Products, Apple Tie-Up at CES

Irvine-based chipmaker Broadcom Corp. introduced a slew of new innovations at the International Consumer Electronics Show, which officially kicked off Tuesday in Las Vegas.

LoanDepot Taps Former Pimco Manager as CIO

Foothill Ranch-based mortgage lender LoanDepot.com LLC has named Bryan Sullivan its chief investment officer.

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Alliant Buys Consulting Firm

Newport Beach-based Alliant Insurance Services has acquired Sagewell Partners, a consulting firm in Pittsburgh that specializes in disability and life benefit plans.

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Wescoat New CFO at Emulex

Costa Mesa-based Emulex Corp. has named Kyle Wescoat as its new chief financial officer in a continued restructuring effort.

Midday Stock Roundup

The S&P 500 was up 0.63% to 1,838.32 in afternoon trading Tuesday.

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Pimco Total Return Fund Sets Record on Outflow

Pacific Investment Management Co.’s Total Return Fund had a total outflow of $41.1 billion in 2013, topping the prior record of $33 billion set in 2011 by an American Funds’ stock fund.

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Vizio Introduces Ultra High-Def TVs

Irvine-based Vizio Inc. introduced its first line of ultra high-definition TVs on Monday during private meetings with media on the eve of the International Consumer Electronics Show in Las Vegas, which opens today.

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Leasure Tapped for Permanent Americas President Role

The parent of Irvine-based Billabong USA on Monday named Ed Leasure president of its Americas division on a permanent basis.

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Kia Announces Round of Executive Promotions

Irvine-based Kia Motors America Inc. promoted several executives at its headquarters and Georgia manufacturing facility.

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Natural-Products Maker Gets $62M Deal

Irvine-based ChromaDex Corp., a maker of ingredients for dietary supplements and other natural-products companies, has signed a four-year, $62 million supply contract with 5Linx Enterprises Inc., a marketing firm in Rochester, N.Y.

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FDA Gives Peregrine Drug Fast Track Status

Shares of Tustin-based drug developer Peregrine Pharmaceuticals Inc. soared in afternoon trading Monday on word that it received fast-track status from the Food and Drug Administration for its lead product candidate.

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NB Law Office Combines with Sacramento Firm

Weintraub Tobin Chediak Coleman Grodin Law Corp. in Sacramento has expanded into Orange County through a combination with Waldron & Bragg LLP, a litigation firm in Newport Beach.

DVS Inks Accessories License Agreement

Westminster-based DVS Footwear International signed a licensing agreement with Aquarius Ltd.

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Top 10 in OC Continue Gains on Patents

The number of patents received by Orange County companies grew by nearly 7% in 2013 to 3,141, with the top 10 companies accounting for 56%, according to data compiled by Bruce Itchkawitz, a patent attorney at Knobbe Martens Olson & Bear LLP.

Del Taco Puts Turkey Tacos on Menu

Lake Forest-based Del Taco LLC is now offering its customers turkey tacos amid greater demand for more health-conscious fare.

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Monday, January 6

Leasure Tapped for Permanent Americas President Role

The parent of Irvine-based Billabong USA on Monday named Ed Leasure president of its Americas division on a permanent basis.

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Natural-Products Maker Gets $62M Deal

Irvine-based ChromaDex Corp., a maker of ingredients for dietary supplements and other natural-products companies, has signed a four-year, $62 million supply contract with 5Linx Enterprises Inc., a marketing firm in Rochester, N.Y.

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DVS Inks Accessories License Agreement

Westminster-based DVS Footwear International signed a licensing agreement with Aquarius Ltd.

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Kia Announces Round of Executive Promotions

Irvine-based Kia Motors America Inc. promoted several executives at its headquarters and Georgia manufacturing facility.

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FDA Gives Peregrine Drug Fast Track Status

Shares of Tustin-based drug developer Peregrine Pharmaceuticals Inc. soared in afternoon trading Monday on word that it received fast-track status from the Food and Drug Administration for its lead product candidate.

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Del Taco Puts Turkey Tacos on Menu

Lake Forest-based Del Taco LLC is now offering its customers turkey tacos amid greater demand for more health-conscious fare.

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Pimco Total Return Fund Sets Record on Outflow

Pacific Investment Management Co.’s Total Return Fund had a total outflow of $41.1 billion in 2013, topping the prior record of $33 billion set in 2011 by an American Funds’ stock fund.

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Midday Stock Roundup

The S&P 500 was off 0.11% to 1,828.81 in afternoon trading Monday.

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Automakers See Mixed December

Automakers here were split on their sales performance in December even as most notched gains for the year.

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Naude-Led Women's Brand Set for 2014 Launch

Details on the women's line owned by surf industry apparel veteran Paul Naude's Stokehouse Unlimited in Irvine have been released.

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Advantage Buys NY Marketing Firm

Irvine-based Advantage Sales & Marketing LLC has acquired BoxTop Media LLC in New York on undisclosed terms.

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Costa Mesa Bank Gets “Needs to Improve” Rating

Costa Mesa-based Commercial Bank of California received a “needs to improve” rating from the Federal Deposit Insurance Corp. on compliance with the Community Reinvestment Act.

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CALENDAR OCBJ

Jan. 6-15, 2014

A listing of business events happening all around Orange County.

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Saturday, January 4

BUSINESS PERSON OF THE YEAR - Technology: Steve Milligan

Western Digital Boss Maintains Momentum in 1st Year

Western Digital Corp. Chief Executive Steve Milligan was hand-picked to execute the company’s strategic plan laid out more than a year ago.

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BUSINESS PERSON OF THE YEAR - Hospitality: Ed Fuller

OCVA Takes Lead on Marketing Sum of OC’s Parts

2013 was the year xie xie entered OC tourism officials’ vernacular.

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BUSINESS PERSON OF THE YEAR - Healthcare: Don Bailey

Questcor Tops $3B in Market Value on Strong Sales, Diversification

Don Bailey did more than pilot his company through some turbulence—he managed to make its shares soar.

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BUSINESS PERSON OF THE YEAR - Finance: Bill Link

Versant Venture’s Co-Founder Stirs Startup Scene in Healthcare

Healthcare-focused venture capital firm Versant Ventures is bucking the trend as it continues to actively locate deals and draw investors to fund startups.

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Growing Demand Cuts Industrial Vacancies, Pushes Up Lease Rates

REAL ESTATE WATCH: RESEARCH & DEVELOPMENT SPACE

Vacancies in the overall Orange County industrial market continued their downward trend in the third quarter, dropping to 3%, the lowest rate recorded since the second quarter of 2008. Includes Real Estate Watch industry performance charts.

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OC Employers Expected to Pay More for Insurance

7% Increase Slightly More Than Last Year’s

Businesses in Orange County are expected to pay 7% more to provide health insurance for their workers this year, or some $429 more per employee on average.

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Firm Plans Ad Campaign for ‘Billion-Dollar Brand’

MARKETING: Eyes $13M to target “millionaire next-door”

United Capital Financial Partners Inc., a private wealth advisory firm in Newport Beach, plans to spend about $13 million for advertising and other marketing efforts to “create a billion dollar brand.”

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OC Tech Sector Well Represented at Electronics Show

Event Puts 3,200-Plus Exhibitors in Spotlight

The 2014 International Consumer Electronics Show kicks off this week in Las Vegas with a slew of Orange County technology companies hoping to grab headlines and secure deals at the country’s largest expo.

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New Home Co. Gears Up for Busy Year of Building

Includes 800+ Irvine Co. Homes as It Plans IPO

The New Home Co. looks likely to have a busy year of building in Orange County.

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Kia ‘Challenges’ NBA Fans, Aims for Super Bowl

Game Ad Features Luxury K900’s Challenger Role

Irvine-based Kia Motors America’s new K900 luxury sedan made its television debut on Christmas Day with a 30-second ad titled “Preconceived Notions.”

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Balboa Bay Club Vet Hissin to Island Hotel as GM

Club Nabs Lesage From St. Regis, Plans Revamps

The exodus of the three well-known faces of the Balboa Bay Club and Resort is complete.

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PHILANTHROPY

PHILANTHROPY Column by Kim Haman

BUSINESS PERSON OF THE YEAR - Real Estate: Doug Bauer

TRI Pointe IPO, Big Buy Accelerated Growth

TRI Pointe Homes Inc. began 2013 as a private company with a few hundred home sales to its name, a cautious growth plan, and one deep-pocketed investor.

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Chang Steps Away From Yogurtland

RESTAURANTS: Founder to chair, COO to corner office

Newly appointed Yogurtland Franchising Inc. Chief Executive Huntley Castner expects to continue the company’s rapid rate of growth in his first year leading the frozen yogurt chain.

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Boost Mobile Cofounder to Move Headquarters for Latest Startup Here

TECHNOLOGY: OC tech talent ‘not as transient’ as LA pool

Peter Adderton, who cofounded Boost Mobile LLC and grew its revenue to more than $500 million before its sale to Nextel Communications, is planning to move his publicly traded technology company from Los Angeles to Orange County.

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BUSINESS PEOPLE OF THE YEAR: Margin Call

It’s All Good in Monie’s Case as Ingram Micro Shares Climb

Ingram Micro Inc. Chief Executive Alain Monie took the helm of the world’s largest electronics distributor two years ago with an eye toward improving the company’s razor-thin margins and moving into new markets.

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High Hopes for Hot Dogs

Wienerschnitzel Parent Looks to Grow Again With Galardi Culpepper at Helm

There’s a warmth in Cindy Galardi Culpepper’s voice when she speaks about the atmosphere that’s come from restaurant operator Galardi Group Inc. being privately held and family owned—even if it sounds a bit Pollyanna.

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Local Executives Regain Optimistic Viewpoint

ECONOMY: CSUF index back up after last year’s late dip

Orange County’s executives have regained some optimism as they head into 2014, according to the latest business expectations index published by the Mihaylo College of Business and Economics at California State University, Fullerton.

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Brasserie Pascal Closes; Hissin to Island Hotel; More Math on Krafcik

OC INSIDER Column by Jerry Sullivan

Freedom Puts $28.9M Price on Register HQ

REAL ESTATE: Plans to keep adjacent printing operation

The owner of the Orange County Register has put a price tag of nearly $29 million on the paper’s headquarters in Santa Ana.

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Friday, January 3

Irvine Financial Analysis Firm Acquired

Irvine-based Financial Tools Inc. has been acquired by Wolters Kluwer Financial Services Inc. in Minneapolis on undisclosed terms.

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Midday Stock Roundup

The S&P 500 fell 0.04% to 1,831.16 in afternoon trading Friday.

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Quiksilver Pushes Into Hotels

Huntington Beach-based apparel manufacturer and retailer Quiksilver Inc. is making a play in the hotel business.

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LA Fitness Buys Athletic Clubs

Irvine-based Fitness International LLC, owner of LA Fitness, bought a chain of fitness clubs in Washington state, according to reports.

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New CEO for Yogurtland

Newly appointed Yogurtland Franchising Inc. Chief Executive Huntley Castner expects to continue the company’s rapid rate of growth in his first year leading the frozen yogurt chain.

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Buena Park’s “Koreatown” Shopping Center Readies for Kickoff

A new Korean-American shopping center in Buena Park is gearing up for an official launch in coming weeks.

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New OC Managing Partner for Troutman Sanders

Troutman Sanders LLP has named a new managing partner to oversee its Irvine law office.

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Thursday, January 2

LA Fitness Buys Athletic Clubs

Irvine-based Fitness International LLC, owner of LA Fitness, bought a chain of fitness clubs in Washington state, according to reports.

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New CEO for Yogurtland

Newly appointed Yogurtland Franchising Inc. Chief Executive Huntley Castner expects to continue the company’s rapid rate of growth in his first year leading the frozen yogurt chain.

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New OC Managing Partner for Troutman Sanders

Troutman Sanders LLP has named a new managing partner to oversee its Irvine law office.

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Buena Park’s “Koreatown” Shopping Center Readies for Kickoff

A new Korean-American shopping center in Buena Park is gearing up for an official launch in coming weeks.

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Fisker Karma Re-Launch Pitched in Alternative Sale Proposal

The creditors committee for bankrupt luxury hybrid automaker Fisker Automotive Inc. laid out a plan that would see the re-launch of the Anaheim-based company's Karma sedan in addition to a second vehicle.

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Midday Stock Roundup

The S&P 500 fell 0.89% to 1,831.88 in afternoon trading Thursday.

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Kia Releases Image of Sports Concept

Irvine-based Kia Motors America Inc. has released an image of a concept sports car it announced late last year, with plans for a debut at the North American International Auto Show this month.

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