Stories for June 2014

Monday, June 30

Regulators Clear Edwards’ Monitor

Edwards Lifesciences Corp., an Irvine-based medical device maker, said today that it received Food and Drug Administration clearance for its ClearSight device.

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Danaher Subsidiary Buys Two Business Lines

Orange-based dental products maker Kerr Corp. has acquired a couple of business units in Oxnard in a bid to expand its portfolio of dental products and to venture into the animal healthcare market.

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New Nursing Program in OC

Irvine-based Stanbridge College will start an associate of science in nursing program in October.

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FDA Approves One Allergan Drug, Delays Another

Irvine-based Allergan Inc. said today that the Food and Drug Administration delayed approving its new acute migraine headache drug and separately approved a drug for treating diabetic macular edema.

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NB Investment Bank in Three Funding Rounds for SoCal Startups

Newport Beach-based investment bank Digital Offering LLC has helped raise about $11 million for its first batch of clients, including two with headquarters in Orange County.

NB Investment Bank in $11M Rounds for SoCal Startups

Newport Beach-based investment bank Digital Offering LLC has helped raise about $11 million for its first batch of clients, including two with headquarters in Orange County.

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Midday Stock Roundup

The S&P 500 rose 0.04% to 1,961.82 in midday trading Monday.

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Kia Auto Sponsor for Segerstrom Center

Kia Motors America has signed on as the official automotive sponsor of the Segerstrom Center for the Arts in Costa Mesa.

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Allergan Settles With Ackman on Poison Pill

Irvine-based drug maker Allergan Inc. said today that it reached a settlement with activist investor Bill Ackman’s Pershing Square Capital Management LP that clears the way for the hedge fund to solicit backing for a special shareholders’ meeting.

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Ubiquity Buys Online Platform for Musicians

Irvine-based media company Ubiquity Broadcasting Corp. has paid $2.25 million worth of stock for the assets of Monkeybars Inc., an online distribution and content-sharing platform for musicians.

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Juiced Up

Nekter’s Chief Visionary Sees Expansion in Future

Alexis Schulze has a confession to make. “I personally don’t love vegetables,” says the cofounder of Nekter Juice Bar Inc.

William Lyon Homes Expands With $520M Buy

Newport Beach-based William Lyon Homes said it will purchase the homebuilding operations of Polygon Northwest Co. for $520 million.

Oculus Buys Xbox Game Controller Creator

Oculus VR Inc. acquired the product design and engineering firm that developed the Xbox 360 controller.

Rant Media Raises $4M in Stock Offering

Online sports and lifestyle content publisher Rant Media Network Inc. raised $4 million in a private offering of its common stock.

Santa Ana Healthcare Services Firm Sold

Capario, a Santa Ana-based healthcare technology services company, was sold for $115 million to Emdeon Inc. in Nashville, Tenn.

SD Tech Incubator Expands to Irvine

The EvoNexus technology business incubator, which cut its teeth in San Diego, is expanding into Orange County.

LBA Quietly Takes Control of Local Dell Office

Plans Unknown for Aliso Viejo Building Near 73

One of the two Aliso Viejo offices owned by computer giant Dell Inc. has been quietly sold to a local investor.

Allergan Founder Talks About Company’s History

Execs ‘Wore a Lot of Hats’ in Early Days

Gavin Herbert, founder of Irvine-based drug maker Allergan Inc., is keeping mum on his creation’s effort to fight off a hostile takeover bid by Valeant Pharmaceuticals International Inc.

Orange County Nonprofit Octane Adds Three Women to Its Board

Funding Catalyst Now Has Four on 43-Seat Body

Octane, the Irvine nonprofit organization that connects technology executives and companies with sources of capital and other resources, has diversified its board with the addition of three female executives.

El Torito Chain Aims to Prove Its Mexican Mettle

Ad Campaign On 60th Anniversary of Company

The El Torito restaurant chain has launched an advertising campaign, “We Know Mexican,” to mark its 60th anniversary and to “reconnect with consumers.”

real estate deals

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

Hector Regner Properties – Cabrillo Park I LLC sold a shopping center in Santa Ana for $12.3 million to Palmdale Avenue S LLC.

North, Central OC Office Markets Continues Gradual Revival

Some large blocks of space recently hit the North and Central Orange County office markets, but the markets are still on the road to recovery.

Flag Is Up at Los Al

North OC Track Goes Big for Thoroughbred Debut

Credit some big-time stakes races for helping Los Alamitos Race Course attract top names in Southern California’s horse-racing industry for its first thoroughbred season—a midsummer run that’s set to kick off this week.

Irvine Nonprofit Octane Adds Three Women to Its Board

Funding Catalyst Now Has Four on 43-Seat Body

Octane, the Irvine nonprofit organization that connects technology executives and companies with sources of capital and other resources, has diversified its board with the addition of three female executives.

OCBJ Calendar

June 30-July 9, 2014

This week's business and other event listings.

Luxury Sales Thaw Helps Strengthen Larger Market

Average Price Per Square Foot Up 25%

The luxury market is a unique animal that responds to its own set of economic parameters.

ADDENDUM

Other items of interest

McMahon’s RV in Westminster filed for Chapter 11 bankruptcy protection.

St. Joseph’s Head Has Vision for Mission

Proctor Nurtures Passion for Healthcare

Deborah Proctor is cognizant of passion, skills, values and mission in her role as leader of one of Orange County’s dominant healthcare providers.

Ingram Gets Started on New Global Image

MARKETING: Fresh logo, campaign reflect push on higher-margin services

Ingram Micro Inc. has launched its largest global branding initiative to date, a “natural next step” for the company as it “evolves from a distribution powerhouse to the world leader in technology and supply chain services,” according to Chief Executive Alain Monie.

Sunstone Back to Big Buys With Hawaii Deal

HOSPITALITY: Also acquires land under Fairmont Newport Beach

The $325.7 million acquisition of a Hawaii resort property could mark the beginning of an ambitious period of expansion for Sunstone Hotel Investors Inc.

El Pollo Plans to Stay on Familiar Turf After IPO

DINING: Modest growth plan follows sales gains, renovations

El Pollo Loco Holdings Inc. hopes the second time is a charm on its plans to go public.

Dining on the Latin Side Vibrant, Tasty, Unexpected

Traditional, Progressive Eateries Serve Up Magia

This is the first time I have rounded up a group of Mexican or Latin-themed restaurants for Fifi’s Best. There are lists of the Best Tacos, the Best Margaritas, the Best Mexican Restaurants, and more in so many publications and online. I’m taking another avenue.

Quiet Pyott; PSO Holds Key to 4th; More Maseratis?

Here’s one way to look at things as the dust settles on last week’s action in the hostile bid for Allergan by Valeant Pharmaceuticals and Pershing Square’s Bill Ackman: Allergan boss David Pyott’s less-is-more approach on PR tops the raiders’ tendency to work the press at each turn of the drama.

Corinthian Expected to Shed Assets, Shut Schools

EDUCATION: School operator on brink, seeks deals with feds

Corinthian Colleges Inc. is expected to sell campuses and cut programs under an agreement with the U.S. Department of Education—a deal that could be the beginning of the end for the for-profit school operator.

Edwards Comeback Continues on OK for Sapien XT

HEALTHCARE: Shares up nearly 30% after rough 2013

Edwards Lifesciences Corp.’s next generation of less-invasive heart valves is making its domestic debut, providing a boost that has extended a monthslong rally for shares of the Irvine-based heart valve maker.

Business Still Warm for Restaurant Chains

DINING: Biggest based here top $14 billion in sales

Orange County’s 30 largest restaurant chains grew sales 3.4% to surpass $14 billion in systemwide sales last year, reflecting an industry trend of modest overall improvements as the economic recovery continues.

How Osborn Found Room for Improvement

Casco Started at Kitchen Table, Now One of Largest in Local Field

Cheryl Osborn already defied stereotypes as a female entrepreneur in the male-dominated world of commercial real estate.

Stretching Herself

Allergan Executive Yearned to Reach Beyond Medical Practice

Dr. Karen Smith sought a wider platform to help people beyond what she could do as a practicing physician, a path that led her into the business side of healthcare.

Rosen’s Full Circle

Working Wardrobes to Add Job Placement Service

Jerri Rosen, head of the Costa Mesa-based nonprofit organization Working Wardrobes, devotes most of her free time raising awareness about the organization that helps men, women and military veterans improve their chances of finding employment.

Friday, June 27

Ubiquity Buys Online Platform for Musicians

Irvine-based media company Ubiquity Broadcasting Corp. has paid $2.25 million worth of stock for the assets of Monkeybars Inc., an online distribution and content-sharing platform for musicians.

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Allergan Settles With Ackman on Poison Pill

Irvine-based drug maker Allergan Inc. said today that it reached a settlement with activist investor Bill Ackman’s Pershing Square Capital Management LP that clears the way for the hedge fund to solicit backing for a special shareholders’ meeting.

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Midday Stock Roundup

The S&P 500 declined 0.08% to 1,955.59 in midday trading Friday.

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Thursday, June 26

OC Franchisee Plans 12 Craft-Your-Own Pizza Restaurants

Santa Ana-based Crafty Pizza Inc. plans to open 12 PizzaRev locations in Orange County.

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Hyundai Capital Partners With FICO

Irvine-based captive automobile finance company Hyundai Capital America has partnered with Fair Isaac Corp., better known as FICO, in a move to provide free credit scores to customers.

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Midday Stock Roundup

The S&P 500 fell 0.46% 1,950.60 in midday trading Thursday.

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Del Taco Parent Considers $500 Million Sale

Lake Forest-based Del Taco LLC is seeking a buyer and could sell for $500 million or more, according to reports.

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Wednesday, June 25

Reports: Paulson & Co. Buys Allergan Shares, Backs Valeant Offer

Hedge fund Paulson & Co. has acquired more than 6 million shares of Irvine-based drug maker Allergan Inc.’s common stock and expressed support for Valeant Pharmaceuticals International Inc.’s hostile bid for the company, according to recent reports.

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Oculus to Buy Xbox 360 Controller Developer

Oculus VR Inc. has acquired the product design and engineering firm that developed the Xbox 360 controller.

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El Pollo Loco Files Plans for $100M IPO

Costa Mesa-based restaurant chain El Pollo Loco Holdings Inc. has filed plans for a $100 million initial public offering.

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Midday Stock Roundup

The S&P 500 rose 0.30% to 1,955.88 in midday trading Wednesday.

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JWA Passenger Traffic Flat In May

Passenger traffic at John Wayne Airport was flat in May 2014 compared to last year.

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SJC Tech Incubator Partners with GE to Grow Startups

Frost Data Capital, a San Juan Capistrano-based venture capital firm and incubator that focuses on “big data,” has partnered with GE to launch an incubator to foster technology startups.

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Tuesday, June 24

El Pollo Loco Files Plans for $100M IPO

Costa Mesa-based restaurant chain El Pollo Loco Holdings Inc. has filed plans for a $100 million initial public offering.

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Opus Launches Small-Business Division

Irvine-based Opus Bank has launched a small-business banking division.

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Irvine Co. Buys UTC Office Buildings for $29.5 Million

The Irvine Co. of Newport Beach bought a two-building office complex recently vacated by LPL Financial Inc. at University Towne Center.

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UCI Medical to Make Own Power

The University of California-Irvine Medical Center in Orange will produce 30% of its own power and save up to $10 million in just under 20 years, by an agreement with a Danbury, Conn. company.

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Midday Stock Roundup

The S&P 500 rose 0.02% to 1,962.95 in midday trading Tuesday.

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Visit Laguna Beach Names Brand Boss

Local tourism and hospitality promoter Visit Laguna Beach named Ashley Johnson director of brand marketing and communications.

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Irvine Digital Publisher Raises $4M

Online sports and lifestyle content publisher Rant Media Network Inc. has raised $4 million in a private offering of its common stock.

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OC Auto Sales Up Again in May

Sales at Orange County auto dealers rose 6.2% to 13,190 vehicles in May compared with the same period last year, according to Newport Beach-based Orange County Automobile Dealers Association.

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Monday, June 23

OC Auto Sales Up Again in May

Sales at Orange County auto dealers rose 6.2% to 13,190 vehicles in May compared with the same period last year, according to Newport Beach-based Orange County Automobile Dealers Association.

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Irvine Digital Publisher Raises $4M

Online sports and lifestyle content publisher Rant Media Network Inc. has raised $4 million in a private offering of its common stock.

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UCI Medical to Make Own Power

The University of California-Irvine Medical Center in Orange will produce 30% of its own power and save up to $10 million in just under 20 years, by an agreement with a Danbury, Conn. company.

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Irvine Co. Buys UTC Office Buildings for $29.5 Million

The Irvine Co. of Newport Beach bought a two-building office complex recently vacated by LPL Financial Inc. at University Towne Center.

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William Lyon Homes Expanding with $520M Buy

Newport Beach-based William Lyon Homes said Monday it would purchase the homebuilding operations of Bellevue, Wash.-based Polygon Northwest Co. LLC for $520 million.

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Government Reprieve for Corinthian

The U.S. Department of Education will release $16 million in student financial aid funds to Santa Ana-based Corinthian Colleges Inc., providing cash flow that will keep the company operating for now.

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Santa Ana Healthcare IT Company Fetches $115M

Capario, a Santa Ana-based healthcare technology services company, has been to sold for $115 million to Emdeon Inc. in Nashville, Tenn.

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New Logo for Ingram Micro

Ingram Micro Inc. in Santa Ana has launched a new logo, a part of rebranding effort aimed at reinforcing “agility, insight and dependability” as its top qualities.

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Allergan to Shareholders: Reject Valeant’s Latest Bid

Allergan Inc. has urged its shareholders to reject the latest advance from hostile suitor Valeant Pharmaceuticals International Inc.

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Irvine Co. Is Making Space for an EvoNexus Incubator in the O.C.

The EvoNexus technology business incubator, which cut its teeth in San Diego, is expanding into Orange County.

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Nicholas Gives $9.5 Million to Samueli School

Stacey Nicholas’ Opus Foundation is giving $9.5 million to University of California-Irvine’s Henry Samueli School of Engineering.

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OC Jobless Rate Below 5%

Orange County employers added 3,000 jobs in May, helping drive down the local unemployment rate to 4.9%.

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Largest OC Architecture Firm Expands into Texas

Irvine-based design and architecture firm LPA Inc. has inked a deal to absorb OCO Architects in San Antonio, Texas, landing its first office outside of California.

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Midday Stock Roundup

The S&P 500 declined 0.08% to 1,961.27 in midday trading Monday.

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Pimco Gets Timing Right in Chicago Tower Sale

Office’s Value Jumps 34% In 2 Years in Hot Market

Add bond giant Pacific Investment Management Co. to the list of Orange County companies making headlines in Chicago’s high-rise office market.

Real Estate Deals

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

A private trust sold an office building in Santa Ana to Aki Investment Group LLC for $2.5 million.

World Cup Runneth Over for Grupo Gallegos

MARKETING: HB shop runs ‘fútbol’ immersion campaign

Grupo Gallegos resembles more of a sports hub than an advertising agency these days—World Cup games are broadcast on multiple screens throughout its Huntington Beach office, and employees huddle around to follow the action.

Private Companies Plow Ahead

Biggest Here Notch 7% Revenue Gain to $71B

Orange County’s biggest private companies got bigger in a continued run of revenue and employment gains.

Dream Builders

Golden State Foods Foundation Does It One Bike at a Time

Some children start to take their bicycles for granted as soon as the newness wears off.

When Luckey Met Zuckerberg

How Oculus Went From Startup to FB Venture

You won’t find virtual reality gaming developer Oculus VR Inc. on this week’s list of the biggest private companies based in Orange County—and the maker of virtual reality headsets didn’t make the rankings last year, either.

Advantage to Pursue Global Plan in Wake of $4.2 Billion Sale

MARKETING: New owners on board; European retail market first target

Advantage Sales & Marketing LLC in Irvine is counting on its new owners to back its strategy for growth, which includes international expansion and diversification of its service.

Look for New Level of Intensity on Allergan

HEALTHCARE: Valeant expected to crank up efforts as clock ticks

Expect Valeant Pharmaceuticals International Inc. to go into overdrive this week as it takes its hostile takeover bid for Allergan Inc. directly to shareholders of the Irvine-based drug maker.

Blitz at Ritz; GSF Gives; Thorp’s 3x3

How did the multibillionaire Koch brothers raise $60 million over lunch last week at the Ritz-Carlton in Dana Point?

Johnny Rockets’ Global Plan Continues to Emerge

DINING: Focused on Asia, Africa, South America for now

Johnny Rockets Group Inc. continues to seek fresh territory for its international expansion, with plans to add Colombia and Tunisia to its international roster of Americana-themed diners in 2014.

Yorba Linda Firm Buys in Brazil

Yorba Linda-based electronics products maker B&K Precision Corp. has acquired Teknix SA in Sao Paulo, Brazil.

LA Investor Gets Most of Airport-Area Office Campus

REAL ESTATE: Apartments, user sales some possibilities

The bulk of a 24-building low-rise office campus on Von Karman Avenue in Newport Beach has been sold to a Los Angeles-based real estate investor that’s evaluating development prospects at the nearly 20-acre site.

Kingston Plans to Boost Stake in Taiwanese Chipmaker

TECHNOLOGY: To buy 5M shares of NAND flash maker

Fountain Valley-based storage products maker Kingston Technology Corp. is poised to boost its stake in another Taiwanese chipmaker as it hedges against rising component prices.

Corinthian Warns of Possible Shutdown

Santa Ana-based Corinthian Colleges Inc. said it could go out of business if it can’t overcome a cash-flow problem stemming from the U.S. Department of Education’s moves to delay the company’s access to financial aid funds.

ClearLight Partners Sells Portfolio Company

Newport Beach-based private equity firm ClearLight Partners LLC sold its stake in TASI Group, a testing, measurement and inspection equipment maker that had been in its portfolio for about seven years.

Dough Maker Gets Money for Expansion

Irvine-based cookie dough maker South Coast Baking Co. got a $10 million credit facility from City National Bank to upgrade its local operations and open a second facility in Springdale, Ark.

OC Companies to Join Russell Indices

A roster of Orange County’s publicly traded companies will be added to the Russell 3000 and Russell Microcap indices, according to a preliminary list published by Russell Investments, which rebalances the indices annually.

Pair of Edwards Competitors Active This Month

One Gets 2nd Valve OK, Other Sues Another Maker

Two companies that are seeking to compete with Irvine-based Edwards Lifesciences Corp. in the less-invasive replacement heart valve market have had a busy month.

Kia Motors Puts Mark on Vans Tour, World Cup

Stages, Commercials Help It Spread Message

Kia Motors America Inc. is continuing its sponsorship of the Vans Warped Tour, now in its 20th year of showcasing some 30 punk and indie rock bands from across the country.

Kurion Nabs Another Nuclear Plant Cleanup Contract

Adds to Japan Work To Double Its Revenue

Irvine-based Kurion Inc. has been awarded another lucrative contract from the Tokyo Electric Power Co. related to the massive cleanup efforts at the Fukushima Daiichi Nuclear Power Plant.

Airport Office Market Has Strong Quarter as Lease Rates Rise

The Greater Airport Area office market had a strong performance in the first quarter.

Biggest Here Notch 7% Revenue Gain to $71B

Private Companies Plow Ahead

Orange County’s biggest private companies got bigger in a continued run of revenue and employment gains.

OCBJ Calendar

June 23-July 1, 2014

This week's business and other event listings.

PHILANTHROPY

Irvine-based Mazda North American Operations was recognized for its support of American Red Cross disaster response work through the organization’s Annual Disaster Giving Program.

ADDENDUM

Stacy Nicholas’ Opus Foundation will give $9.5 million to University of California-Irvine’s Henry Samueli School of Engineering.

Friday, June 20

Nicholas Gives $9.5 Million to Samueli School

Stacey Nicholas’ Opus Foundation is giving $9.5 million to University of California-Irvine’s Henry Samueli School of Engineering.

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OC Jobless Rate Below 5%

Orange County employers added 3,000 jobs in May, helping drive down the local unemployment rate to 4.9%.

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Largest OC Architecture Firm Expands into Texas

Irvine-based design and architecture firm LPA Inc. has inked a deal to absorb OCO Architects in San Antonio, Texas, landing its first office outside of California.

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Midday Stock Roundup

The S&P 500 rose 0.14% to 1,962.30 in midday trading Friday.

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Sunstone to Issue 18M Shares in Public Offering

Sunstone Hotel Investors Inc. announced plans to issue 18 million shares of its common stock in a public offering, in part to help pay for its latest resort acquisition.

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Thursday, June 19

Sunstone to Issue 18M Shares in Public Offering

Sunstone Hotel Investors Inc. announced plans to issue 18 million shares of its common stock in a public offering, in part to help pay for its latest resort acquisition.

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Top Honors for CSUF Students’ Mobile Game

A team of students from California State University-Fullerton won first place in a video game creation competition.

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Corinthian Shares Dive on Cash Crunch

Santa Ana-based Corinthian Colleges Inc. said it may go out of business if it can’t overcome a cash flow problem stemming from the U.S. Department of Education’s moves to delay the company’s access to financial aid funds.

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Russell Indexes Add, Drop OC Companies

A roster of Orange County’s publicly traded companies will be added to the Russell 3000 and Russell Microcap indexes next week, according to a preliminary list of additions published by Russell Investments.

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Santa Ana Engineer Firm Buys Houston Counterpart

Salas O’Brien LLC in Santa Ana has acquired a Houston, Texas-based engineering firm.

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UCI, Concordia Partner on Entrepreneurs Program

The University of California-Irvine and Concordia University Wednesday launched a new entrepreneurship speakers venture.

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Pimco Joins 30% Club’s Push for More Women Directors

Newport Beach-based Pacific Investment Management Co. has joined an international advocacy group that aims to push for more women on corporate boards.

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ClearLight Exits Portfolio Company

Newport Beach-based private equity firm ClearLight Partners LLC has sold its stake in TASI Group, a testing, measurement and inspection equipment maker that had been in its portfolio for about seven years.

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Midday Stock Roundup

The S&P 500 declined 0.09% to 1,955.13 in midday trading Thursday.

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Wednesday, June 18

Santa Ana Engineer Firm Buys Houston Counterpart

Salas O’Brien LLC in Santa Ana has acquired a Houston, Texas-based engineering firm.

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ClearLight Exits Portfolio Company

Newport Beach-based private equity firm ClearLight Partners LLC has sold its stake in TASI Group, a testing, measurement and inspection equipment maker that had been in its portfolio for about seven years.

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Pimco Joins 30% Club’s Push for More Women Directors

Newport Beach-based Pacific Investment Management Co. has joined an international advocacy group that aims to push for more women on corporate boards.

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UCI, Concordia Partner on Entrepreneurs Program

The University of California-Irvine and Concordia University Wednesday launched a new entrepreneurship speakers venture.

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Midday Stock Roundup

The S&P 500 declined 0.06 % to 1,940.82 in midday trading Wednesday.

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Tuesday, June 17

DIY Pizza Chain Names President

Rancho Santa Margarita-based Pieology Pizzeria named Bob Baker company president.

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Big Crowd for Women in Business

The Business Journal’s 20th Annual Women in Business Awards luncheon drew a crowd of nearly 1,000 to the Hotel Irvine, where Preferred Hotel Group Chief Executive Lindsey Ueberroth delivered a keynote address and the accomplishments of six honorees were highlighted.

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Advantage Sales & Marketing Deal Estimated at $4B

London-based Apax Partners LLC has sold Advantage Sales & Marketing LLC in Irvine to a pair of private equity firms.

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FDA Approves Edwards’ New Heart Valve

Irvine-based Edwards Lifesciences Corp. said today that the Food and Drug Administration approved its Edwards Sapien XT less-invasive heart valve.

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Cookie Dough Maker to Upgrade, Expand

Irvine-based cookie dough maker South Coast Baking Co. got a $10 million credit facility from City National Bank to upgrade its local operations and open a second facility in Springdale, Ark.

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Elephant Bar Bankrupt

Costa Mesa-based S.B. Restaurant Co., operator of the Elephant Bar Restaurant chain, filed for Chapter 11 bankruptcy Monday.

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Midday Stock Roundup

The S&P 500 rose 0.25% to 1,942.58 in midday trading Tuesday.

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Monday, June 16

Cookie Dough Maker to Upgrade, Expand

Irvine-based cookie dough maker South Coast Baking Co. got a $10 million credit facility from City National Bank to upgrade its local operations and open a second facility in Springdale, Ark.

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Elephant Bar Bankrupt

Costa Mesa-based S.B. Restaurant Co., operator of the Elephant Bar Restaurant chain, filed for Chapter 11 bankruptcy Monday.

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FDA Approves Edwards’ New Heart Valve

Irvine-based Edwards Lifesciences Corp. said today that the Food and Drug Administration approved its Edwards Sapien XT less-invasive heart valve.

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Medtronic in $42B Deal for Covidien

Minneapolis-based medical device maker Medtronic Inc. said today that it is buying fellow device maker Covidien plc for $42.9 billion in cash and stock.

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Wyndham Now in Disneyland Market

Parsippany, New Jersey-based Wyndham Hotel Group opened the renovated Wyndham Anaheim Garden Grove Hotel on Harbor Blvd. in Garden Grove, the company said.

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Allergan Releases Critical E-Mails in Takeover Fight

Irvine-based Allergan Inc. today released negative comments made about suitor Valeant Pharmaceuticals International Inc. by bankers with Morgan Stanley—one of the investment banks working for Valeant in its hostile $53 billion takeover attempt of Allergan.

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Midday Stock Roundup

The S&P 500 declined 0.02% to 1,936.14 in midday trading Monday.

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Manufacturer Opens Irvine R&D Center

BIT Group, a contract developer and manufacturer of diagnostic testing products, opened a research and development center in the Irvine Spectrum.

Goodman Birtcher Goes Big With Logistics Center

Inland Empire Site Will Have 1.6 Million SF Built on Spec

Goodman Birtcher in Irvine is getting busy with its plans to become one of the country’s biggest developers of large-scale industrial developments.

Developers Exceed Post- Recession Mark for First Time

Six Firms Finish 1.6M SF, More Than Double Last Year

The opening of new headquarters for two of Orange County’s better-known companies helped the area’s commercial development sector top a square footage mark not seen in six years.

Stock Guru: Beckman Coulter Parent Could Break Up

Cramer Speculates Danaher Would Be Stronger If Split

Danaher Corp., the conglomerate that owns Brea-based medical testing company Beckman Coulter Inc., could be in line for a potential breakup, according to quirky stock guru Jim Cramer.

Ingram Micro, Cisco Partner In High-Flying Promotion

Video Campaign Touts Companies’ Offerings

Santa Ana-based Ingram Micro Inc. is collaborating with Cisco Systems Inc. to promote “Fly Higher—a Partner Program with Altitude” service.

Telogis Wins Hino Motors Contract to Equip Vehicles

Models to Get Telematics System Hino Insight 2.0

Aliso Viejo-based Telogis Inc. has followed up its software deal to equip General Motors’ commercial vehicles with its first contract with the U.S. unit of Hino Motors Ltd., the third largest truck maker in the world.

Standard Pacific Adds to OC-Austin Connection

850 Homes in 10 Spots in Streetman Purchase

Austin has been a go-to source of business opportunities for Orange County’s commercial real estate industry in the past few years, with office and apartment investors in particular snapping up properties at a rapid clip in and around the Texas capital.

BJ’s Introduces Diners-In-a-Hurry App

BJ’s Restaurants Inc. launched a mobile application that aims to reduce customers’ wait times and increase the Huntington Beach-based chain’s sales volume.

QLogic Chairman Passes Unexpectedly

Longtime QLogic Corp. Executive Chairman HK Desai died suddenly June 8 of cardiac arrest, the Aliso Viejo-based networking gear maker said.

OCBJ Calendar

June 16, 2014

This week's business and other event listings

OCSA’s Next Production

School Starts on 60,000-SF Addition in Downtown Santa Ana

Orange County School of the Arts supporters, administrators, teachers, students and parents gathered for a June 11 groundbreaking on a $20 million, 60,000-square-foot instructional center on its campus in downtown Santa Ana.

Report Reveals What Wealthy Homebuyers Crave

Want Waterfronts, Luxury For Primary Residences

A new report on the home-purchasing behaviors of high-net-worth buyers in the U.S., U.K., Brazil and China reveals interesting insights into their needs and desires.

ADDENDUM

The University of California-Irvine School of Law earned full American Bar Association accreditation, making it the second school in Orange County with that status.

OC Community Leaders Join United Way Board

Nine area community leaders were elected to the Orange County United Way board of directors:

Pimco's New View

Gross Opens 21-Story HQ With Call to Stay on Top

Bill Gross casts the next chapter and challenge for Newport Beach-based Pacific Investment Management Co. in simple terms: stay on top.

Oakley, Ferrari Share Ride in Style

$450-a-Pair Glasses Grew Out of OC-Italy Collaboration

Foothill Ranch-based sunglasses and apparel maker Oakley Inc. has partnered with Ferrari SPA to produce an eyewear collection that carries the name of the famed automaker and a price tag of around $450 a pair.

Google Gets Own Glass For OC Office

REAL ESTATE: Building about done, less costly ‘creative’ space

The new Orange County office for Google Inc. fills up the last chapter in the development of Impac Center in Irvine, a four-building office complex nearly a decade in the making.

Oculus to Take on Role as Publisher for Initial Virtual Reality Game

MEDIA: Could be bundled with consumer Oculus Rift

Oculus VR Inc. will publish its first game exclusively made for its breakthrough virtual reality headset as the device nears a launch date for the consumer market.

DNC, Angels Set to Profit on President’s Visit; Elon on Way

President Barack Obama was getting close to OC as the Insider went to press, carrying the promise of plenty of memories for UCI grads set to hear his commencement address at Angel Stadium.

Allergan’s Summer Schedule: Test of Endurance

HEALTHCARE: Time could be key to holding off takeover bid

It looks as though there’s no summer break in store for Allergan Inc. Chairman and Chief Executive David Pyott, who appears ready to spend the coming months fighting a hostile takeover attempt by Valeant Pharmaceuticals International Inc.

Local Maritime Lawyer to Anchor London Firm in NB

LAW: Clyde & Co.’s first office in Southern California, 5th in U.S.

International maritime law specialist Clyde & Co. has established an office in Newport Beach in a bid to strengthen its presence on the West Coast.

Anton & Chia Buys in Westlake Village

Newport Beach-based accounting firm Anton & Chia LLP has acquired Tignino & Lutz LLP in Westlake Village on undisclosed terms.

Backlogs Yet to Boost Construction Firms’ Top Lines

Revenue of 27 Biggest Decreases About 11%

A significant increase in the backlogs of Orange County’s largest commercial construction companies didn’t immediately translate into more work for them last year.

I-Flow Gets New Headquarters to Go With Fresh Products

HEALTHCARE: Parent firm set for public company spinoff

Medical device maker I-Flow LLC is settling into its new Irvine headquarters and preparing for life as a unit of a yet-to-be-created public company.

Elephant Bar Cuts Back Amid Casual-Dining Slowdown

RESTAURANTS: Chain closes about 1/3 of restaurants

Costa Mesa-based S.B. Restaurant Co. has closed 16 of its 45 Elephant Bar locations.

Corinthian Amends Exec Compensation Plan

Santa Ana-based Corinthian Colleges Inc. amended its executive compensation plan in an effort to address concerns raised by shareholders who voted down a proposal last year.

Santa Ana Direct Marketing Firm Pins Hopes on Collaboration

MARKETING: Towne Allpoints sees chance with Computershare

Santa Ana-based direct mail and fulfillment house Towne Allpoints will have some extra clout as it pursues new business, thanks to a recently forged alliance with Computershare Ltd.

Innovation Institute Establishes Venture

The La Palma-based Innovation Institute, a provider of business services, products and investment management services to health systems, formed a new staffing business.

Friday, June 13

Ackman, Pershing Square Sue Allergan

Irvine-based drug maker Allergan Inc. was sued today by activist investor Bill Ackman’s Pershing Square Capital Management LP.

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Interjet to Exit JWA-Mexico Service

AirTran Airways will be the only carrier flying to Mexico from John Wayne Airport once InterJet ends its service to Mexico City and Guadalajara.

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Midday Stock Roundup

The S&P 500 rose 0.19% to 1,933.83 in midday trading Friday.

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Thursday, June 12

Midday Stock Roundup

The S&P 500 declined 0.36% to 1,936.87 in midday trading Thursday.

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Wednesday, June 11

OC Law Schools Give Progress Reports

The University of California-Irvine School of Law has earned full American Bar Association accreditation—making it the second school in Orange County with that status.

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Midday Stock Roundup

The S&P 500 fell 0.36% to 1,945.75 in afternoon trading Wednesday.

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Universal Protection in Houston Buy

Universal Protection Service in Santa Ana has acquired Industrial Security Service Corp. in Houston on undisclosed terms.

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Tuesday, June 10

UCI Study Links Robots, Rats

University of California-Irvine researchers are trying to connect rats and robots, with humans as intermediaries.

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Allergan Board Rejects New Valeant Bid

Irvine-based Allergan Inc. said today that its board rejected a revised hostile takeover bid worth about $53 billion from Valeant Pharmaceuticals International Inc. and activist investor Bill Ackman’s Pershing Square Capital Management LP.

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BJ’s App for Speedy Service

BJ’s Restaurants Inc. launched a mobile application that aims to reduce customers’ wait times and increase the Huntington Beach-based chain’s sales volume.

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QLogic’s Desai Dies at 68

Longtime QLogic Corp. Executive Chairman HK Desai died suddenly Sunday night of cardiac arrest, the Aliso Viejo-based networking gear maker announced Monday.

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Midday Stock Roundup

The S&P 500 fell 0.16% to 1,948.16 in afternoon trading Tuesday.

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Monday, June 9

QLogic’s Desai Dies at 68

Longtime QLogic Corp. Executive Chairman HK Desai died suddenly Sunday night of cardiac arrest, the Aliso Viejo-based networking gear maker announced Monday.

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Diagnostic Device Developer Opens Irvine R&D Center

BIT Group, a contract developer and manufacturer of diagnostic testing products, opened a research and development center in the Irvine Spectrum.

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Innovation Institute Forms Staffing Company

The La Palma-based Innovation Institute, a provider of business services, products and investment management services to health systems, said today that it formed a new staffing business.

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Maritime Law Specialist to Open NB Office

London-based international law firm Clyde & Co. is opening an office in Newport Beach.

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Corinthian Amends Exec Compensation Plan

Santa Ana-based Corinthian Colleges Inc. has amended its executive compensation plan in a bid to address concerns raised by shareholders who voted down a proposal last year.

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First OC Spot for Trendy Gelato Chain

Popbar opened its first Orange County location, at the new Anaheim Packing District food plaza.

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First OC Spot for Trendy Popsicle Chain

Popbar opened its first Orange County location, at the new Anaheim Packing District food plaza.

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Midday Stock Roundup

The S&P 500 rose 0.31% to 1,955.50 in afternoon trading Monday.

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real estate deals

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

Law Firm Expands in Move to Costa Mesa

Law firm Haynes and Boone LLP is expanding its Orange County office in a move to Costa Mesa from Irvine.

Tourism Promoter Opens Mexico Offices

The Irvine-based Orange County Visitors Association said it plans to open sales offices in Mexico City and Guadalajara this summer.

Universal Protection Security Makes Buy

Santa Ana-based Universal Protection Security Systems acquired City-Wide Electronic Systems Inc. in El Cajon on undisclosed terms.

Broadcom Leaves Baseband Chips Behind

Irvine-based Broadcom Corp. is exiting the baseband chip business, a segment dominated by San Diego rival Qualcomm Corp.

Freedom Offers Buyouts, Scales Back in LB

Freedom Communications Holdings Inc. in Santa Ana made local headlines when the parent company of the Orange County Register asked its employees to take two weeks of unpaid leave within the next two months.

Wilson Automotive Buys 2 Dealerships

Wilson Automotive Group in Orange will spend more than $100 million on two acquisitions, including a deal to buy a Toyota dealership from Fletcher Jones Motorcars.

State Air Resources Board Could Move to OC Campus

GOVERNMENT: UCI one option for vehicle test lab

The California Air Resources Board is considering moving its El Monte testing facility to new digs, with Orange County a possible parking space.

Ensign Shares Plummet After REIT Spinoff, Rise on Debut

HEALTHCARE: New entity owns nursing home properties

Orange County has a new publicly traded healthcare company among its ranks.

GrindMedia Has New Name to Go With Redone Lineup

MEDIA: Rebranding reflects parent name; debut rough

GrindMedia in San Clemente has been recast as TEN: Action/Outdoor Group.

Samsung Unit Plans Move to La Palma

A division of South Korea-based Samsung Group is planning to move its U.S. operations to Orange County in coming months.

Hines’ Latest Buy: State Fund Building in Santa Ana

REAL ESTATE: Joins again with Oaktree, adds eight-story office

Hines Interests LP and Oaktree Capital Management LP have closed on their second major Orange County office property acquisition in as many weeks, adding the eight-story State Fund building in Santa Ana to their joint portfolio.

Quiksilver Touts New Shoe, Price Plan on Apparel

APPAREL: Strategic shifts come amid rugged week for shares

Quiksilver Inc.’s shares took a beating last week, but its management might have an ace or two up its sleeve to get the company on track in the second half of the year.

Gross Feels Good; Marybelle’s Surprise

Look who’s feeling fresh in brand-new digs—Bill Gross, who joined the rest of the Pimco crew for hot dogs and burgers on the porch of their recently completed HQ in Newport Center last week.

RLJ Lodging Doubles OC Presence With Irvine Buy

$66M Price Tag Given to Embassy Suites Sale

Bethesda-based hotel operator RLJ Lodging Trust has snapped up a hotel in Irvine, its second local acquisition this year.

West Orange County Market Continues Revival

The first quarter continued to demonstrate the consistency in demand in West Orange County’s marketplace.

D-Link Expects Bump From Facebook Hook Up

Wireless Router Provides Small-Business Hot Spots

Fountain Valley-based D-Link Systems Inc. has partnered with Facebook Inc. to roll out a wireless router geared toward small-business owners.

Vans’ New Website Streamlines Company’s Message

Aims to Boost Engagment, Product Profiles

Cypress-based Vans Inc. has relaunched its website, a collaboration with the Huge Inc. digital agency in Los Angeles.

Growing Sector Could Accelerate Quality Systems

Revenue Cycle Managing Has Much Room to Grow

Irvine-based Quality Systems Inc. will get a bump from the growing revenue cycle management sector in coming years, according to a recently issued analyst report.

Versant Leads 60% Jump in Local VC Investments

Field’s OC Deals Would Have Dropped Without It

Orange County’s top venture capital firms combined to invest $79 million in local companies last year, a 60% increase from a year earlier.

Banks Bank More on Startups in Reviving Market

Financing Young Companies Means More Early Work

It’s a balancing act for banks in the process of determining the “bankability” of startups and early-stage companies, a niche in Orange County that’s becoming a key market for lenders and investors as the economy strengthens and opens to more entrepreneurial efforts.

Company Takes Advantage of Movie Maker’s Resources

Company Takes Advantage of Movie Maker’s Resources

The licensing deal for Little Orbit LLC’s “How to Train Your Dragon 2,” came with an assortment of marketing freebies from DreamWorks Animation LLC that are helping the Santa Ana video game publisher defray some of the cost of promoting the new release (see related story, page 1).

Upping Its Game

Little Orbit Seeks to Double Revenue

Santa Ana video game publisher Little Orbit LLC aims to double business this year with an aggressive rollout plan that kicks off this week with the release of an adventure game based on a DreamWorks blockbuster.

Different Kind of Car Culture

How Little Saigon’s Cluster of Repair Shops Works

James Do had big plans for his auto repair business after nearly two decades in a cluster of about 50 mechanics and body shops that fill one side of a whole block just off Little Saigon’s main drag of Bolsa Avenue.

City Gets Creative at Tustin Legacy

REAL ESTATE: Wants office campus in line with hip trend

The city of Tustin is looking to turn a 43-acre portion of its Tustin Legacy development into Orange County’s largest creative-office campus.

Emulex Board Revamped for Future

New Faces Give It Tools to Maximize Emerging Lines

The board at Emulex Corp. has undergone a significant turnover in the past year, replacing nearly half of its 11 seats with new directors who bring executive leadership, operations experience, and deep industry connections to the conference table.

PHILANTHROPY

United Cerebral Palsy of Orange County generated an estimated $437,000 in net proceeds at the annual Life Without Limits gala on May 9 at the Island Hotel in Newport Beach.

ADDENDUM

Other items of interest Orange County Business Journal Vol. 37, No. 23

OCBJ Calendar

June 9-18, 2014

This week's business and other event listings.

Friday, June 6

Innovation Institute Forms Staffing Company

The La Palma-based Innovation Institute, a provider of business services, products and investment management services to health systems, said today that it formed a new staffing business.

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Haynes and Boone Plans Move to Plaza Tower

Law firm Haynes and Boone LLP is expanding its Orange County office in a move to Costa Mesa from Irvine.

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Midday Stock Roundup

The S&P 500 rose 0.41% to 1,948.49 in afternoon trading Friday.

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Thursday, June 5

Haynes and Boone Plans Move to Plaza Tower

Law firm Haynes and Boone LLP is expanding its Orange County office in a move to Costa Mesa from Irvine.

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Restaurant Chain Enters OC

Redding, Calif.-based Black Bear Diner opens its first Orange County location June 9, in Buena Park.

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Tourism Promoter Plans Offices in Mexico

The Irvine-based Orange County Visitors Association said it plans to open sales offices in Mexico City and Guadalajara this summer.

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UCI Names Interim Medical School Dean

University of California-Irvine tapped Dr. Roger Steinert as interim dean of its school of medicine, beginning July 1.

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Midday Stock Roundup

The S&P 500 rose 0.62% to 1,939.83 in afternoon trading Thursday.

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Wednesday, June 4

UCI Names Interim Medical School Dean

University of California-Irvine tapped Dr. Roger Steinert as interim dean of its school of medicine, beginning July 1.

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Restaurant Chain Enters OC

Redding, Calif.-based Black Bear Diner opens its first Orange County location June 9, in Buena Park.

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Tourism Promoter Plans Offices in Mexico

The Irvine-based Orange County Visitors Association said it plans to open sales offices in Mexico City and Guadalajara this summer.

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Chapman to Analyze Data on Autism

Chapman University said today it will analyze data collected during “evidence-based” treatment of children diagnosed with Autism Spectrum Disorder (ASD).

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Midday Stock Roundup

The S&P 500 rose 0.13% to 1,926.73 in afternoon trading Wednesday.

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Tuesday, June 3

Chapman to Analyze Data on Autism

Chapman University said today it will analyze data collected during “evidence-based” treatment of children diagnosed with Autism Spectrum Disorder (ASD).

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Midday Stock Roundup

The S&P 500 fell 0.21% to 1,920.89 in afternoon trading Tuesday.

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Wilson Automotive Buys Fletcher Jones Toyota in Vegas

Wilson Automotive Group in Orange will spend more than $100 million on two acquisitions, including a deal to buy a Toyota dealership from Fletcher Jones Motorcars.

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Freedom Confirms Cutback of Long Beach Register

Freedom Communications Holdings Inc. in Santa Ana announced it will shift its Long Beach Register from a standalone newspaper published six days a week to a weekly that it plans to deliver to about 61,000 area households on Sundays.

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Miller Children’s Hospital Changes Name

Fountain Valley-based MemorialCare Health System said that its Miller Children’s Hospital Long Beach is now known as Miller Children’s & Women’s Hospital Long Beach.

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Universal Services’ Security Unit Makes Buy

Santa Ana-based Universal Protection Security Systems has acquired City-Wide Electronic Systems Inc. in El Cajon.

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Monday, June 2

Wilson Automotive Buys Fletcher Jones Toyota in Vegas

Wilson Automotive Group in Orange will spend more than $100 million on two acquisitions, including a deal to buy a Toyota dealership from Fletcher Jones Motorcars.

Universal Services’ Security Unit Makes Buy

Santa Ana-based Universal Protection Security Systems has acquired City-Wide Electronic Systems Inc. in El Cajon.

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Midday Stock Roundup

The S&P 500 was up 0.02% to 1,923.86 in afternoon trading Monday.

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Quiksilver Shares Plummet

Shares of Quiksilver Inc. fell 28% to near $4 and a market cap of less than $700 million in after-hours trading Monday after the retailer posted a $46 million loss for the quarter ended April 30.

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Ackman Says He'll Seek to Replace Allergan Directors

Activist investor Bill Ackman said today that he and his Pershing Square Capital Management LP will call for a special shareholders’ meeting of Allergan Inc. in order to remove six of its directors—the latest in the ongoing hostile takeover effort by Valeant Pharmaceuticals International Inc.

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Broadcom to Exit Baseband Business

Broadcom Corp. shares surged in early trading Monday after the Irvine-based company announced it was exiting the baseband chip business, a segment dominated by San Diego rival Qualcomm Corp.

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Valeant, Ackman Hike Allergan Bid Again

Valeant Pharmaceuticals International Inc. today added more cash to its hostile takeover bid for Irvine-based Allergan Inc.

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Sources Say Freedom to Furlough Staff, Trim Long Beach to Weekly Schedule

Freedom Communications Holdings Inc. in Santa Ana is reducing the frequency of its Long Beach Register from six to one day a week and plans to furlough an undisclosed number of staff, according to well-placed sources.

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3-D Printer Startup Picks Industry Vet As CEO

TECHNOLOGY: Taps ex-Toshiba America executive

Airwolf 3D, the Costa Mesa startup that’s shaken up the nascent 3-D printing industry, has hired its first executive as the manufacturer aims to scale the business and attract venture capital funding.

BJ’s Restaurants Ups Ante on New Ad Campaign

MARKETING: Casual dining chain boosts marketing to $20M

A new, full-scale approach to advertising looks to be a game changer for BJ’s Restaurants Inc.

New Vocabulary on Allergan Bid; D-Day Doings

The Insider notes changes in Michael Pearson’s vocabulary as Valeant’s hostile bid for Allergan wears on—and perhaps a new tone altogether in his pronouncement last week that he won’t “overpay” to get the deal done.

Hines Gets 6 Buildings, Extra Acres at Brea Place

REAL ESTATE: Latest deal with Oaktree totals 560,000 square feet

Hines Interests LP has established itself as one of the largest commercial property owners in North Orange County following the purchase of a six-building office campus in Brea.

Numbers Give New View on Allergan Takeover Attempt

HEALTHCARE: Valeant’s sweetened bids look short in expectations game

There was no shortage of numbers punctuating the battle for Allergan Inc. last week, when the sum total pointed to a possible shift in favor of the Irvine-based drug maker’s effort to stave off a hostile takeover bid by Valeant Pharmaceuticals International Inc.

Knott’s Next Ride: Back to Future

Farm Roots, Food, Atmosphere Key to 5-Year Plan

Raffi Kaprelyan believes this will be the summer of Knott’s Berry Farm.

Coastal Comeback

St. Regis Price Pegged at $320M, Reflects Rebound for Luxe Resorts

If the foreclosure proceedings faced by the St. Regis Monarch Beach Resort in 2009 was Orange County’s most notorious illustration of the last real estate crash, then May’s low-key sale of the posh resort represents a quiet but clear comeback for the high end of the hospitality industry here.

First Foundation Nixes IPO, Cites Market

Irvine-based financial services firm First Foundation Inc. canceled its proposed initial public offering.

Help Needed for Teen Entrepreneurs

Concordia University Irvine is looking for guest speakers, business plan coaches, mentors and judges to commit to one afternoon during its Teen Entrepreneur Academy July 13 to 19.

Bank Gets Costa Mesa Office for Growth

San Jose-based Bridge Capital Holdings has pegged Costa Mesa as a key location for growth in the Southern California region.

Manufacturer Moves HQ to Fremont

Identiv Inc. moved its corporate headquarters from Santa Ana to Fremont as part of a series of corporate initiatives to improve its financial standing that also included a reverse stock split.

Luxury Home Builders Add ‘Green’ Elegance

Sustainability, Energy Efficiency Now in Demand

Soaring ceilings, marble floors and large windows that frame stunning views are hallmarks of luxury homes.

FDA OK for Next Phase of Direct Flow Valve Trial

Results From Europe Show ‘Positive Trend’

A federal approval and newly released clinical trial results have put a spotlight on Direct Flow Medical Inc., a Santa Rosa-based heart valve startup that makes its devices in Lake Forest.

PacSun Says California State of Mind Can Be Anywhere

Customers Encouraged to Share Theirs in Campaign

Anaheim-based Pacific Sunwear of California Inc. released a two-minute video that encourages its customers to find their “Golden State of Mind” and share their experiences on social media.

Netwin’s Software Geared to ‘Conflict Minerals’ Rule

Takes Effect Under Terms of Dodd-Frank

Irvine-based Netwin Solutions Inc. has introduced a software program to help publicly traded companies comply with new regulatory requirements regarding the origin of certain minerals in products.

Low-Rise Office Market Up in First Quarter

Low-rise office sector activity continued to pick up during the first quarter in four of the five Orange County submarkets, though Fisker Automotive vacated 156,000 square feet of low-rise office space at 5515 E. La Palma Ave. in Anaheim, basically neutralizing the statistics.

Upscale Student Housing Project Set for UC Irvine

Beat Out Two Bidders for $92 Million Dorm Project

Construction company Hensel Phelps has been selected to build a student housing project for freshmen at the University of California-Irvine.

Apparel Makers Grow Sales, Local Workforce Flat

Largest Based Here Bring In About $9B in Revenue

The 49 largest apparel companies based in Orange County raked in roughly $9 billion in sales, a 9.2% increase from a year ago, according to this week’s Business Journal list. 

Recent Changes Stir Orange County Fine-Dining Pot

Some Very Good, Another Remains to Be Seen

Restaurants keep opening, many of them good, but when we spent time at the new Watertable in the Hyatt Regency Huntington Beach Hotel & Spa, we realized dish by dish that there are still culinary frontiers being conquered and ways to set the bar much higher. It has been one of the most eye-opening, palate-pleasing forays into fine dining on a comfort-food level that I’ve come across in a long time.

real estate deals

SWP Rentals Inc. sold an office building in Santa Ana to ISC Holdings LLC for $1 million.

ADDENDUM

Japan-based tire manufacturer Toyo Tire & Rubber Co. named a new head for its U.S. operations in Orange County.

UST Global Makes Another Purchase

Aliso Viejo-based information technology provider UST Global Inc. acquired its second company in May.

OCBJ calendar

June 2, 2014

This week's business and other event listings.

Arbonne Renews Lease for 146,000-SF HQ in Irvine

REAL ESTATE: Cosmetics firm considered relocation

Cosmetics company Arbonne International LLC has renewed the lease for its Irvine headquarters in one of the largest leases reported in the county so far this year.

Analog Brand for Red Digital’s Land

MEDIA: Photography, fashion magazine produced in Hollywood

Jarred Land is president of Irvine-based Red Digital Cinema Camera Co.—a hot brand for digital moviemaking.