Stories for May 2014

Friday, May 30

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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Ensign Set to Complete CareTrust Spinout

Mission Viejo-based nursing home operator Ensign Group Inc. will complete the spin-off of its real estate holdings into a separate publicly traded company after the close of trading Monday.

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Toyo Tire Names New U.S. Unit Boss

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

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Midday Stock Roundup

The S&P 500 fell 0.09% to 1,918.42 in afternoon trading Friday.

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Source Interlink Changes Name

Source Interlink Media LLC in Irvine announced it changed its name to TEN: The Enthusiast Network LLC.

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Thursday, May 29

Source Interlink Changes Name

Source Interlink Media LLC in Irvine announced it changed its name to TEN: The Enthusiast Network LLC.

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Midday Stock Roundup

The S&P 500 rose 0.22% to 1,914.03 in afternoon trading Thursday.

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Bridge Bank Expands in OC

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

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Restaurant Group Names COO

Cypress-based Real Mex Restaurants promoted Rio Gueli to chief operating officer.

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Concordia Seeks Mentors, Speakers for Entrepreneur Education

Concordia University Irvine is looking for guest speakers, as well as business plan coaches, mentors and judges.

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Chapman Adds Maryland Magnet Program

Chapman University has added a math and physics magnet program to a research lab in Maryland.

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CSUF Nursing Links to Orange Coast; Vanguard Nursing Adds to Accreditation

Cal State Fullerton’s school of nursing is partnering with Orange Coast Memorial Medical Center

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Wednesday, May 28

CSUF Nursing Links to Orange Coast; Vanguard Nursing Adds to Accreditation

Cal State Fullerton’s school of nursing is partnering with Orange Coast Memorial Medical Center

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Tilly’s Shares Slump on Lower Earnings

Shares of Tilly’s Inc. fell 22% to about $8 and a market cap of about $233 million in after-hours trading Wednesday after the retailer posted a 74 % drop in earnings for the first quarter that ended May 3.

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Chapman Adds Maryland Magnet Program

Chapman University has added a math and physics magnet program to a research lab in Maryland.

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Bridge Bank Expands in OC

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

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Concordia Seeks Mentors, Speakers for Entrepreneur Education

Concordia University Irvine is looking for guest speakers, as well as business plan coaches, mentors and judges.

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Restaurant Group Names COO

Cypress-based Real Mex Restaurants promoted Rio Gueli to chief operating officer.

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Midday Stock Roundup

Midday Stock Roundup

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Valeant Raises Bid for Allergan

Valeant Pharmaceuticals International Inc. has added more cash to its hostile bid for Irvine-based drug maker Allergan Inc., raising the total offer to about $50 billion.

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First Foundation Cancels IPO

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

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UST Makes Another Buy

Aliso Viejo-based information technology provider UST Global Inc. has acquired its second company this month.

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Pimco Adds Chief Economist

Pacific Investment Management Co. has re-hired Paul McCulley to take the firm’s newly created position of chief economist.

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Santa Ana Tech Company Moves HQ to Fremont

Identiv Inc. has 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 on Tuesday.

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UCI Makes Money Managers List

The University of California-Irvine has landed on a list of U.S. schools that produce the most money managers.

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JWA Passenger Traffic Up in April

Passenger traffic at John Wayne Airport nosed upward 2.2% in April from a year earlier.

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Wet Seal Down in First Quarter

Foothill Ranch-based Wet Seal Inc. said Tuesday its net sales for the quarter ended May 27 were $116.7 million, a 16.8% drop from the $140.4 million in the same period last year.

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Irvine Firm Hires Ex-Police Chief

Evidence Based Inc., a private Irvine-based company that provides risk-assessment services to courts, police agencies and municipalities, has hired the former Santa Ana police chief as its executive vice president.

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Tuesday, May 27

UCI Makes Money Managers List

The University of California-Irvine has landed on a list of U.S. schools that produce the most money managers.

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Irvine Firm Hires Ex-Police Chief

Evidence Based Inc., a private Irvine-based company that provides risk-assessment services to courts, police agencies and municipalities, has hired the former Santa Ana police chief as its executive vice president.

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Wet Seal Down in First Quarter

Foothill Ranch-based Wet Seal Inc. said Tuesday its net sales for the quarter ended May 27 were $116.7 million, a 16.8% drop from the $140.4 million in the same period last year.

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JWA Passenger Traffic Up in April

Passenger traffic at John Wayne Airport nosed upward 2.2% in April from a year earlier.

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Pimco Adds Chief Economist

Pacific Investment Management Co. has re-hired Paul McCulley to take the firm’s newly created position of chief economist.

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Santa Ana Tech Company Moves HQ to Fremont

Identiv Inc. has 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 on Tuesday.

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Midday Stock Roundup

The S&P 500 rose 0.47% to 1909.40 in afternoon trading Tuesday.

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Investors: Valeant Must Hike Allergan Bid

Valeant Pharmaceuticals International Inc. should raise its unsolicited offer to buy Irvine-based Allergan Inc. to roughly $53.5 billion to $59.5 billion or $180 to $200 a share, according to an investor survey released today by JP Morgan.

UST Global Buys Wisconsin Company

Aliso Viejo-based information technology provider UST Global Inc. acquired an engineering firm in Wisconsin.

Aliso Viejo-based information technology provider UST Global Inc. acquired an engineering firm in Wisconsin.

Blizzard Scores With New Kind of Game

Already 10M Users of Blizzard’s Hearthstone

Blizzard Entertainment Inc.’s free-to-play collectible card game has amassed more than 10 million users since its March release, setting the foundation for a potential new franchise and an emerging business model at one of the gaming industry’s most successful and influential companies.

Hughes Rejoins Business Journal as Reporter, Web Editor

Paul Hughes has rejoined the Orange County Business Journal as a reporter and Web editor.

KBS Realty Spends $340M on Buys in Three Cities

Phoenix, Baltimore, Atlanta Targeted in Recent Round

KBS Realty Advisors remains on the hunt for acquisitions after pulling off one of the larger office sales of the year.

Shifting Demographics Could Change Ads, Pitches

PR Pros Hear Age, Race Turns Could Affect Them

Modern America is undergoing two sets of drama simultaneously: We are about to become a majority nonwhite country, and at the same time, a record share of us are turning gray, Paul Taylor, executive vice president of special projects at the Pew Research Center in Washington, D.C., said during the Public Relations Society of America OC chapter’s Senior Roundtable on May 15.

Medical Device Tax Repeal Effort Resurfaces in Senate

Levy Meant to Raise $30B for Health Reform

Along-running effort to repeal a federal tax on medical device makers’ revenue flared up yet again this month.

High-Rise Office Vacancies Up in First Quarter

The high-rise office market in Orange County usually performs well, but due to some large move-outs in the North and Central Orange County submarkets, vacancy increased and net absorption fell into the red at the end of the first quarter.

Boeing Wins $32.5 Million Radio-Support Contract

System Used by Air Force in Search and Rescues

Boeing Co. has landed a four-year, $32.5 million contract from the U.S. Air Force for logistics support related to a specialized communications system made at its sprawling Huntington Beach operation.

Hotel Construction, Remodeling in High Gear

Industry Employment, Though, Essentially Flat

Dirt’s turning at a rapid clip for Orange County’s hotel landscape, and there may be no other local company that reflects that activity more than R.D. Olson Construction.

Coordinated Effort Taps Coveted China Meetings Market

OC Trumps Vegas for 7K- Strong Company Reward Trip

It took a perfect storm of the positive persuasion to bring the Perfect group to Orange County.

PHILANTHROPY

Community and business leaders attending the UC Irvine Health gala, “Healers & Heroes,” proved to be the evening’s heroes, donating more than $530,000 in only 15 minutes for an intraoperative radiation therapy device with the potential to reduce breast cancer treatment and recovery times for many patients.

Specific Media Adds Industry Vet to Board

Irvine-based Specific Media LLC added former Turner Broadcasting Sales Inc. executive Larry Goodman to its board of directors.

St. Joseph Health Chief Executive Lauded

Deborah Proctor, chief executive of Irvine-based St. Joseph Health, received the 2014 Woman of the Year award from the Women in Health Administration of Southern California.

Refrigeration, HVAC Firm Makes Buy

Anaheim-based Source Refrigeration & HVAC Inc. acquired Service Refrigeration Co. in Humble, Texas, on undisclosed terms.

Billabong Restructures, Adds Executive Weight in OC

Orange County is emerging as an increasingly important part of Billabong International Ltd.’s operations as the action-sports apparel maker and retailer begins to find some footing on a turnaround.

Bay Area Device Maker Taps OC Vet

HEALTHCARE: New CEO will establish office in Aliso Viejo

Focal Therapeutics Inc., a medical device company in the Bay Area, has hired an Orange County-based chief executive and plans to establish a presence in Aliso Viejo.

LehmanMillet Gets Strategic to Nab Avanir Account

ADVERTISING: Santa Ana firm’s new division key to win

A new approach by a Santa Ana-based healthcare advertising agency appears to be bearing fruit.

Anaheim Firm Gets Online Brand Yard Stick

MARKETING: Adds service to location-based marketing lineup

What if a company’s online footprint could be quantified into a numeric score?

New St. Regis Owner Knows OC’s Center; Warren’s Confession

KSL Capital Partners LLC, which acquired the St. Regis Monarch Beach on undisclosed terms last week, isn’t new to OC’s club scene.

Yokohama Tire Plans to Leave Fullerton

REAL ESTATE: Plans to sell HQ here, shift to 658,000 SF in IE

Yokohama Tire Corp. plans to move its corporate headquarters from Fullerton to a newly built industrial facility in Chino later this year.

Irvine Company Tops 2 Charts on $850 Million Buy

REAL ESTATE: New benchmark for OC acquirers, Chicago sellers

Real estate watchers had been expecting the Irvine Company to go on an office-buying binge since last year, when Orange County’s dominant real estate owner and landlord struck a financing deal to free up nearly $875 million in cash for potential acquisitions.

Pyott’s Plan: Keep Calm and Counterpunch

Allergan Boss Works Back Channels to Fend Off Valeant

A team of specialists will continue Allergan Inc.’s battle for the minds and wallets of shareholders this week, when Valeant Pharmaceuticals International Inc. is expected to hike its $47 billion hostile bid for the Irvine-based drug maker.

real estate deals

KTGY Group Inc. sold an office building in Irvine for $3.5 million to RNR Property Leasing LLC.

OCBJ Calendar

May 26, 2014

This week's business and other event listings.

ADDENDUM

Irvine-based Banc of California Inc. is moving the listing of its common stock from the Nasdaq to the New York Stock Exchange.

Device Maker to Get $1B+ in Settlement

Irvine-based Edwards Lifesciences Corp. will receive more than $1 billion from rival Medtronic Inc. to settle a patent lawsuit.

Friday, May 23

Investors: Valeant Must Hike Allergan Bid

Valeant Pharmaceuticals International Inc. should raise its unsolicited offer to buy Irvine-based Allergan Inc. to roughly $53.5 billion to $59.5 billion or $180 to $200 a share, according to an investor survey released today by JP Morgan.

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OC Auto Sales Up 10.5% in April

Orange County auto dealers sold 13,771 new vehicles in April, a 10.5% increase from a year earlier.

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Placentia Equipment Lessor Names COO

Placentia-based equipment-leasing company First Financial Corporate Services Inc. has named Brad Wheatley its chief operating officer, a newly created position.

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Midday Stock Roundup

The S&P 500 rose 0.33% to 1,898.81 in afternoon trading Friday.

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Thursday, May 22

OC Auto Sales Up 10.5% in April

Orange County auto dealers sold 13,771 new vehicles in April, a 10.5% increase from a year earlier.

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Placentia Equipment Lessor Names COO

Placentia-based equipment-leasing company First Financial Corporate Services Inc. has named Brad Wheatley its chief operating officer, a newly created position.

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Midday Stock Roundup

The S&P 500 rose 0.38% to 1,895.29 in afternoon trading Thursday.

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St. Regis Monarch Beach Sold

The St. Regis Monarch Beach in Dana Point has been sold to a Denver-based private equity firm.

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R.D. Olson Construction Appoints President

Irvine-based R.D. Olson Construction has named Bill Wilhelm president.

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Art Museum Names CEO

The Orange County Museum of Art named Todd DeShields Smith chief executive and director of the museum, beginning Aug. 4.

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Proctor Wins Health Administration Group Award

Deborah Proctor, chief executive of Irvine-based St. Joseph Health, received the 2014 “woman of the year” award from the Southern California Women in Health Administration.

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Marriott Awards R.D. Olson With Top Developer Honor

Irvine developer Bob Olson and his company R.D. Olson were awarded Marriott International's Developer of the Year award this week.

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Wednesday, May 21

Proctor Wins Health Administration Group Award

Deborah Proctor, chief executive of Irvine-based St. Joseph Health, received the 2014 “woman of the year” award from the Southern California Women in Health Administration.

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St. Regis Monarch Beach Sold

The St. Regis Monarch Beach in Dana Point has been sold to a Denver-based private equity firm.

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Art Museum Names CEO

The Orange County Museum of Art named Todd DeShields Smith chief executive and director of the museum, beginning Aug. 4.

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Banc of CA Headed to NYSE

Irvine-based Banc of California Inc. is moving the listing of its common stock to the New York Stock Exchange from the Nasdaq.

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Midday Stock Roundup

The S&P 500 rose 0.61% to 1,884.18 in afternoon trading Wednesday.

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Specific Media Adds Cable Vet to Board

Irvine-based Specific Media LLC has added former Turner Broadcasting executive Larry Goodman to its board of directors.

Taco Bell Names CEO

Irvine-based Taco Bell Corp. named President Brian Niccol chief executive of the fast food chain.

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Anaheim Alternative Lender Looks to Double Capacity

Anaheim-based alternative lender American Finance Solutions aims to double its funding capacity to $200 million in the next year and a half based on a recent investment from a private equity firm.

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UST Global Buys in Midwest

Aliso Viejo-based information technology provider UST Global Inc. has acquired an engineering firm in Wisconsin.

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Marriott Awards R.D. Olson With Top Developer Honor

Irvine developer Bob Olson and his company R.D. Olson were awarded Marriott International's Developer of the Year award this week.

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Tuesday, May 20

UST Global Buys in Midwest

Aliso Viejo-based information technology provider UST Global Inc. has acquired an engineering firm in Wisconsin.

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Anaheim Alternative Lender Looks to Double Capacity

Anaheim-based alternative lender American Finance Solutions aims to double its funding capacity to $200 million in the next year and a half based on a recent investment from a private equity firm.

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Taco Bell Names CEO

Irvine-based Taco Bell Corp. named President Brian Niccol to chief executive of the fast food chain.

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Specific Media Adds Cable Vet to Board

Irvine-based Specific Media LLC has added former Turner Broadcasting executive Larry Goodman to its board of directors.

Edwards in Line for $1B Settlement From Medtronic

Irvine-based Edwards Lifesciences Corp. will receive more than $1 billion from rival Medtronic Inc. to settle a patent lawsuit.

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Midday Stock Roundup

The S&P 500 fell 0.67% to 1,872.44 in afternoon trading Tuesday.

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Allergan Board Stands By Pyott, Refutes Ackman

Irvine-based Allergan Inc. on Monday fired back at activist investor Bill Ackman in a tersely worded letter prompted by Ackman’s conflict of interest charges against Chairman and Chief Executive David Pyott.

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Pimco Sets Move-In Date

Newport Beach-based bond investor Pacific Investment Management Co. has pegged May 27 as the official date for moving into its new headquarters building a few blocks away from its current home in Newport Center.

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Irvine Company to Buy Chicago Skyscraper for $850M

The Irvine Company has struck a deal to buy a Chicago skyscraper for $850 million.

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Anaheim HVAC Company in Texas Buy

Anaheim-based Source Refrigeration & HVAC Inc. has acquired Service Refrigeration Co. in Humble, Texas, on undisclosed terms.

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Cancer Device Company Gets $10M

Aliso Viejo-based medical device maker Cianna Medical Inc. got a $10 million financing deal from GE Capital Health Finance Services.

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Monday, May 19

Allergan Board Stands By Pyott, Refutes Ackman

Irvine-based Allergan Inc. today fired back at activist investor Bill Ackman in a tersely worded letter prompted by Ackman’s conflict of interest charges against Chairman and Chief Executive David Pyott.

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Pimco Sets Move-In Date

Newport Beach-based bond investor Pacific Investment Management Co. has pegged May 27 as the official date for moving into its new headquarters building a few blocks away from its current home in Newport Center.

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Irvine Company to Buy Chicago Skyscraper for $850M

The Irvine Company has struck a deal to buy a Chicago skyscraper for $850 million.

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Anaheim HVAC Company in Texas Buy

Anaheim-based Source Refrigeration & HVAC Inc. has acquired Service Refrigeration Co. in Humble, Texas, on undisclosed terms.

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Midday Stock Roundup

The S&P 500 rose 0.28% to 1,883.06 in afternoon trading Monday.

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Yakult Drink Factory Kicks Off Production

Yakult U.S.A. Inc. has begun production of its probiotic drink at its new Fountain Valley manufacturing plant.

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Irvine Co.'s Wirta Named Chairman of CBRE

Irvine Co. executive Ray Wirta has been named the new chairman of Los Angeles-based brokerage CBRE Group Inc.

Demand Grows for Industrial Space, Vacancy Rates Drop

The supply of available industrial space remained tight as demand continued to grow in the beginning of the year.

Office Market Picks Up in Absorption

Orange County began to see incremental improvements in 2013 after a few years of flat market fundamentals.

Toyota HQ Shift Adds Depth to OC Automotive Talent Pool

AUTOS: About 3,000 workers at South Bay HQ to be affected

OC automakers stand to benefit from Toyota’s eventual headquarters move to Texas with a wave of worker talent expected to be released into the local market.

Women-Owned Businesses Wanted for Annual List

Is your company women-owned? Then the Business Journal wants to hear from you.

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BofA Campus, One of OC’s Largest Offices, For Sale

Brea Property Expected to Command $120 Million

One of Orange County’s largest and best-leased offices has hit the sales market.

Real Estate Deals

Ning Yen sold an industrial building in Garden Grove to Hanna Nguyen for $3.7 million.

Ex-sTec Exec Faces Trial on Insider Trading Charges

SEC Says He Didn’t Share ‘Critical’ Information

Former sTec Inc. Chief Executive and Chairman Manouch Moshayedi is set to go to trial this week as he faces insider trading charges levied by the Securities and Exchange Commission.

Allergan Celebrates 25 Years of Botox With Campaign

Includes Video of Drug Developers, Patients

Irvine-based Allergan Inc. launched a year-long public relations campaign to commemorate the 25th anniversary of the first approved uses of its wrinkle remover Botox: to treat misalignment of the eyes and uncontrolled blinking.

Mallinckrodt Boss Calls Questcor ‘Ideal Strategic Fit’

Says It Can Maximize Value of Questcor Drugs

Anaheim-based Questcor Pharmaceuticals Inc. will help create a “strong, nicely balanced specialty pharmaceutical platform” for Mallinckrodt PLC, according to the latter’s chief executive.

OCBJ Calendar

May 19, 2014

This week's business and other event listings

All Kinds of Allergan Angles; Goodwill Fits Bill

Here’s one perspective on Allergan as it attempts to fend off a hostile $47 billion bid by Valeant Pharmaceuticals: The drug maker could be lost to its hometown despite a laundry list of things that both have done right when it comes to fostering the company’s growth since it moved from L.A. to Irvine in the early 1970s.

HB’s One Pacific Plaza Office Complex Sells for Nearly $95 Million

REAL ESTATE: Prudential snaps up three-building campus

The most prominent office complex in Huntington Beach has become the latest large property snapped up by a national real estate investor eager to invest in Orange County’s rebounding office market.

Register Owners to Sell Santa Ana Land to Wm. Lyon Homes

REAL ESTATE: Grand Avenue parcels surround newspaper’s office

The owners of the Orange County Register have reached a deal to sell the bulk of the land they own around their Santa Ana headquarters to William Lyon Homes.

Allergan Assessment: Déjà Vu & Differences

Scribe Who Was There Compares Hostile Bid for Drug Maker to 1980s Raid on Goodyear

A celebrated company comes under attack from corporate raiders, putting thousands of jobs in jeopardy, threatening a leading corporate citizen, and triggering debate over the peril of financial markets.

3-Year Streak of Gains Ends for Employment Agencies Here

SERVICES: Select Staffing’s 7 OC offices combine for top spot

Orange County’s largest employment agencies collectively had $815 million in local revenue last year, a slight dip that broke a three-year streak of gains.

Can Broadcom Do Baseband?

Answer Expected in 2nd Half of Year

The stage is set for Broadcom Corp. to show whether it has the stuff to become the clear-cut No. 2 supplier of baseband chips to longtime rival Qualcomm Corp.

New Drive for Buchanan Street

Founders Back to Majority Stake, Take on Creative-Campus Project

The purchase of a creative-office campus in its hometown has capped off a period of reinvention for Newport Beach-based Buchanan Street Partners.

Sparse Inventory Leads to Slower Sales, Higher Prices

But Prices Rose in Many OC Coastal Areas

The Orange County luxury market is its own unique entity.

ADDENDUM

Huntington Beach-based action sports apparel maker Quiksilver Inc. said Bernd Beetz , chair of Irvine-based knitwear maker St. John Knits Inc. and former head of beauty products maker Coty Inc., has joined its board.

Specific Media Gets Online Ad Industry Group’s Seal of Approval

Irvine-based Specific Media LLC has joined Google Inc., Yahoo! Inc., Forbes Media and Microsoft Advertising on the Interactive Advertising Bureau’s list of 29 companies who are certified under its Quality Assurance Guidelines program.

Multilingual Payment Service Draws Backer

Huntington Beach-based Merchant Service Group LLC has received an “eight-figure investment” from Merchants’ Choice Payment Solutions in Woodlands, Texas.

Name Game: Covenant Now St. Joseph Hoag Health

HEALTHCARE: Aims to play up strength of individual brands

Irvine-based St. Joseph Health and Hoag Memorial Hospital Presbyterian are mixing the old with the new when it comes to their year-old affiliation to create an integrated regional health network.

NB Startup Gets $34.6M for Hydrogen Stations

CLEAN TECH: Grants from state, Toyota for network of 19

A Newport Beach-based company nabbed more than half of the grant money awarded by the California Energy Commission to build hydrogen refueling stations.

Friday, May 16

Midday Stock Roundup

The S&P 500 fell 0.02% to 1,870.40 in afternoon trading Friday.

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OC Unemployment Rate Drops to 5%

The jobless rate in Orange County fell to 5% last month, when employers here added 3,900 jobs.

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New Provost for Vanguard

Vanguard University in Costa Mesa has named Doretha O’Quinn its new provost and vice president for academic affairs.

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Laguna Cliffs Inn Sold

The 36-room Laguna Cliffs Inn was acquired by Classic Hotels & Resorts for $11.2 million.

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Thursday, May 15

Midday Stock Roundup

The S&P 500 fell 1.26% to 1,864.70 in afternoon trading Thursday.

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Analyst: Allergan Likely to Stand Alone

Allergan Inc. is likely to remain a standalone company, according to recent report by a veteran analyst.

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Cymetrix Sells for $75 Million

Irvine-based Cymetrix Corp., a financial services provider specializing in hospital systems, has been acquired for about $75 million by Navigant Consulting Inc. in Chicago.

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NB Firm to Provide Wireless Infrastructure for 9/11 Memorial

Newport Beach-based Mobilitie LLC will install one of the nation’s largest underground distributed antenna systems at the National September 11 Memorial Museum in New York City.

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Pacific Club, Lott Team Up on New Programs

The Pacific Club Impact Foundation in Newport Beach announced two new initiatives geared for elementary and high school students, outlining the programs during a luncheon for National Football League Hall of Famer and onetime USC star Ronnie Lott’s annual award program.

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Rakuten: Tablets Top Smartphones

Tablets are well on their way to overtaking smartphones as the mobile device most frequently used for online purchases, according to the E-Commerce Index published by Rakuten Inc.

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UCI Med Students Get Google Glass

The University of California-Irvine School of Medicine said it is integrating Google Glass into its four-year curriculum, becoming the first in the nation to do so.

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Wednesday, May 14

Cymetrix Sells for $75 Million

Irvine-based Cymetrix Corp., a financial services provider specializing in hospital systems, has been acquired for about $75 million by Navigant Consulting Inc. in Chicago.

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Pacific Club, Lott Team Up on New Programs

The Pacific Club Impact Foundation in Newport Beach announced two new initiatives geared for elementary and high school students, outlining the programs during a luncheon for National Football League Hall of Famer and onetime USC star Ronnie Lott’s annual award program.

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Rakuten: Tablets Top Smartphones

Tablets are well on their way to overtaking smartphones as the mobile device most frequently used for online purchases, according to the E-Commerce Index published by Rakuten Inc.

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Analyst: Allergan Likely to Stand Alone

Allergan Inc. is likely to remain a standalone company, according to recent report by a veteran analyst.

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Midday Stock Roundup

The S&P 500 fell 0.17% to 1,894.18 in afternoon trading Wednesday.

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St. John Knits Chair to Quiksilver Board

Huntington Beach-based action sports apparel maker Quiksilver Inc. said Bernd Beetz joined its board of directors Tuesday.

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PennySaver Gets 3 Coupon Magazines

PennySaver USA in Brea has acquired The Monthly Mailer in Hermosa Beach on undisclosed terms.

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Goodwill of OC Brings High-Tech to Donation Bins

Goodwill of Orange County on Tuesday revealed redesigned donation bins that include more high-tech features.

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Tuesday, May 13

PennySaver Gets 3 Coupon Magazines

PennySaver USA in Brea has acquired The Monthly Mailer in Hermosa Beach on undisclosed terms.

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St. John Knits Chair to Quiksilver Board

Huntington Beach-based action sports apparel maker Quiksilver Inc. said Bernd Beetz joined its board of directors Tuesday.

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Midday Stock Roundup

The S&P 500 rose 0.09% to 1,898.28 in afternoon trading Tuesday.

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Valeant to Hike Allergan Bid

Valeant Pharmaceuticals International Inc. said today that it will put in an “improved offer” to buy Irvine-based Allergan Inc.

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Healthcare Startup Taps Chris Cox as Adviser

Newport Beach-based lifestyle healthcare company Alphaeon Corp. has tapped Chris Cox, a former member of the U.S. House of Representatives and chairman of the Securities and Exchange Commission, as an adviser to its board of directors.

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Masimo Shares Rise

Shares of Irvine-based Masimo Corp. rose Monday on news that it is cooperating with a federal investigation and has received a grand jury subpoena on documents relating to a pair of its monitors.

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First Foundation Sets IPO Price Range

Irvine-based financial services company First Foundation Inc. announced details for its planned initial public offering, in which it will sell about 2.2 million shares of its common stock at a price between $21 and $24 each.

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Laguna Hills Buyout Firm Raises $115M Fund

Laguna Hills-based private equity firm Parallax Capital Partners LLC has raised a $115 million fund.

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Monday, May 12

Laguna Hills Buyout Firm Raises $115M Fund

Laguna Hills-based private equity firm Parallax Capital Partners LLC has raised a $115 million fund.

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Masimo Shares Rise

Shares of Irvine-based Masimo Corp. rose today on news that it is cooperating with a federal investigation and has received a grand jury subpoena on documents relating to a pair of its monitors.

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First Foundation Sets IPO Price Range

Irvine-based financial services company First Foundation Inc. announced details for its planned initial public offering, in which it will sell about 2.2 million shares of its common stock at a price between $21 and $24 each.

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Midday Stock Roundup

The S&P 500 rose 0.81% to 1,893.72 in afternoon trading Monday.

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Allergan Board Rejects Valeant Bid

Irvine-based drug maker Allergan Inc. today rejected a hostile $46 billion takeover bid by Valeant Pharmaceuticals International Inc.

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San Diego Developer Starts $130 Million Luxury Apartment Project in Mission Viejo

San Diego-based multifamily developer Wermers Properties has begun construction on Adagio on the Green, a $130 million, 256-unit luxury apartment project in Mission Viejo.

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USO Center to Open at JWA

John Wayne Airport plans to open its first USO Center.

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Real Estate Deals--Week of May 12

Bradfield Manufacturing Inc. sold an industrial building in Santa Ana to Q Creative LLC for $2.4 million.

PHILANTHROPY--Week of May 12

Court Appointed Special Advocates of Orange County, a nonprofit organization that trains and supervises community volunteers to mentor and advocate for children in the foster care system, honored its leading supporters and volunteers at the annual Celebration of Children Black & White Ball at the Island Hotel on April 25. 

Pyott Keeps Powder Dry; Chuck’s Tomatoes; Viva Gudino, Center Club

This week’s Special Issue features the OC 50, our annual inventory of influence, which has included David Pyott ever since 1998, shortly after he signed on as CEO of Allergan Inc.

Bankrupt Chain Would Leave Retail Hole in Its Wake

18-Year-Old Easy Life Has 14 Stores, HQ

The companywide liquidation of Buena Park-based furniture chain Easy Life Furniture Inc. is likely to leave a sizable hole in retail space across Southern California, not to mention a vacant warehouse in the company’s hometown.

Greater LA Office Market Builds, Industrial Slows in Q1

The Greater Los Angeles office market continued to strengthen throughout the start of the year.

Apple Cofounder Wozniak Sings Oculus VR Praises

Doubts Morphed Into Admiration for Technology

Count Apple Inc. cofounder Steve Wozniak among the backers of Facebook Inc.’s $2 billion buy of Irvine-based startup Oculus VR Inc.

Sabra, Ensign Making More Deals for Properties

Out-of-State Buys Part of Continued Expansions

Sabra Healthcare REIT Inc. and Ensign Group Inc. are buying more properties.

Countdown Ticks For Piece of Mazda Innovation

Irvine Operations to Sell Early Miatas on Preorder

Mazda Miata fans can now count the days and hours until they can purchase one of 100 special-edition roadsters.

ADDENDUM--Week of May 12

Newport Beach-based activist investor Engaged Capital LLC agreed to drop its nominations for Abercrombie & Fitch Co.’s board of directors as the clothing retailer announced its own roster of four independent directors for election. Engaged Capital has a 0.5% stake in New Albany, Ohio-based Abercrombie & Fitch, which has a market capitalization of about $2.8 billion.

Coca-Cola Buys Irvine Water Firm Stake

Atlanta-based Coca-Cola Co. acquired a minority stake in WaterHealth International in Irvine.

Concert Golf Continues Buying Spree

Concert Golf Partners, a Newport Beach-based golf club owner and operator, acquired MacGregor Downs Country Club in Cary, N.C. Terms of the transaction were not disclosed.

Acacia Sells Neonatal Feeding Unit

Brea-based healthcare device maker Acacia Inc. agreed to sell its neonatal feeding unit to Medela Inc., a global healthcare company that specializes in breastfeeding devices and medical suction equipment. Terms of the deal were not disclosed.

Boot Barn Parent Plans IPO for Retailer

The private equity parent of Irvine-based Western wear retailer Boot Barn Inc. is looking to take the company public, according to a Reuters report.

Xerox Buys Irvine Workers’ Comp Firm

Xerox Corp. agreed to pay $225 million for ISG Holdings Inc., a workers’ compensation specialist that operates Irvine-based StrataCare LLC, its healthcare software maker.

Executives Get Napolitano’s Ear on New UCI Chancellor

EDUCATION: Search will include internal candidates

The job ad for the new chancellor of University of California-Irvine calls for a laundry list of qualifications:

Allergan’s Influence

Drug Maker at Center of Hostile Bid Hub of Executive Talent

Allergan Inc., the Irvine-based drug maker that’s currently the target of a hostile takeover attempt, has been a farm team of sorts when it comes to Orange County’s vibrant drug and medical device sectors.

Taco Bell Boss Bound for Louisville

DINING: Headed for top job at parent by start of next year

It looks as though at least one member of this week’s OC 50 won’t qualify for consideration next year.

Vizio Part of $5.3M Round for Wearable Tech Firm

MANUFACTURING: Pear has fitness device, app on market

Irvine-based Vizio Inc. has taken a minority stake in a local startup that’s aiming to gain a foothold in the emerging wearable technology market.

Irvine Co. Bolsters Plans for Spectrum Campus

REAL ESTATE: Seeks city OK for 1.5 million SF midrise project

The Irvine Company has expanded its plans for an office campus that’s been envisioned as a new home for chipmaker Broadcom Corp. near the Irvine Spectrum.

Masimo HQ Comes With Star Quality for $56M

REAL ESTATE: Will stay in Irvine, consolidate various leased locations

Masimo Corp. is moving its corporate headquarters to one of the more distinctive buildings in Orange County.

Angel Stadium Drama No Curveball for Apartment Developers

REAL ESTATE: Platinum Triangle could have 1,400 units in works soon

Uncertainty over the long-term future of Angel Stadium as the centerpiece of Anaheim’s Platinum Triangle hasn’t stopped apartment developers from pushing ahead with new projects in the area.

HB Home to Key Project for Boeing’s Other Business Line

TECHNOLOGY: Aerospace giant chases potential of deep-sea vehicles

A six-man team at Boeing Co.’s sprawling Huntington Beach operation is working on a little-known unmanned, underwater vehicle program that could reshape deep-sea search and exploration.

IMC’s OC Connection

How, Why Ed Carpenter Makes Medical Relief Organization Personal Priority

It’s a world different from banking and investing, but it’s one that’s as important to Ed Carpenter as his business.

Another Shift for OC 50

Newcomers Reflect Growth of Services

Call it 10%—that’s about the turnover rate for this year’s OC 50, the Business Journal’s annual inventory of influence.

OC 50

Chief executive of integrated healthcare network created in 2012 by St. Joseph Health System and Hoag Memorial Hospital Presbyterian. Affiliation intended to solve what Afable has called “pressing problems” of healthcare access, cost and quality.

Friday, May 9

USO Center to Open at JWA

John Wayne Airport plans to open its first USO Center.

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Financial Times: Allergan to Reject Valeant Bid

Irvine-based drug maker Allergan Inc. could reject a hostile $47 billion takeover bid by Valeant Pharmaceuticals International Inc. as early as Monday, according to a report today by the Financial Times.

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Banc of CA Reports Q1 Loss

Irvine-based Banc of California Inc. posted a first-quarter loss of $153,000 attributable to common shareholders. That compared with a profit of $641,000 in the same period a year ago.

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Midday Stock Roundup

The S&P 500 rose 0.06% to 1,876.72 in afternoon trading Friday.

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Valeant, Ackman Want to Change Allergan Board

Valeant Pharmaceuticals International Inc. and activist investor Bill Ackman’s Pershing Square Capital Management LP said Thursday they would team up in an attempt to force changes to the board of Irvine-based drug maker Allergan Inc.

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Chinese Ambassador to Visit Nixon Library

The Richard Nixon Presidential Library and Museum is set to host the People’s Republic of China’s Ambassador to the U.S.

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Visitor Spending Rises in Irvine

Visitor spending in Irvine last year grew about 2% to $522 million, according to a report from Destination Irvine, the city's destination marketing arm.

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Retail Roundup: Oakley Opens NY Store

Foothill Ranch-based sunglasses and apparel maker Oakley Inc. opened a store and showroom on Fifth Avenue in New York.

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Thursday, May 8

Visitor Spending Rises in Irvine

Visitor spending in Irvine last year grew about 2% to $522 million, according to a report from Destination Irvine, the city's destination marketing arm.

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Chinese Ambassador to Visit Nixon Library

The Richard Nixon Presidential Library and Museum is set to host the People’s Republic of China’s Ambassador to the U.S.

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Valeant, Ackman Want to Change Allergan Board

Valeant Pharmaceuticals International Inc. and activist investor Bill Ackman’s Pershing Square Capital Management LP said today they would team up in an attempt to force changes to the board of Irvine-based drug maker Allergan Inc.

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Midday Stock Roundup

The S&P 500 rose 0.22% to 1,882.28 in afternoon trading Thursday.

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Report: Boot Barn Parent Eyes IPO

The private equity parent of Irvine-based Western wear retailer Boot Barn Inc. is looking to take the company public, according to a Reuters report.

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Allergan Beats on Q1, Lifts Guidance amid Valeant Bid

Irvine-based Allergan Inc. on Wednesday reported first-quarter profit and revenue that surpassed analysts’ expectations and hiked its full-year guidance.

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New CEO for Local Corp

Irvine-based online advertising technology provider Local Corp. named Fred Thiel its chief executive.

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MemorialCare Teaming With Cedars-Sinai on Investment Fund

Fountain Valley-based MemorialCare Health System said today that it will partner with Cedars-Sinai Health System in Los Angeles to establish Summation Health Ventures.

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Knott’s Performance “Strong” in Q1

Knott's Berry Farm helped carry its parent through what’s typically a slow period for Sandusky, Ohio-based Cedar Fair Entertainment Co.

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Sabra to Sell 7 Million Shares of Stock

Sabra Health Care REIT Inc. said Wednesday that it was offering 7 million shares of its common stock priced at $28.35 a share.

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Wednesday, May 7

Sabra to Sell 7 Million Shares of Stock

Sabra Health Care REIT Inc. said today that it was offering 7 million shares of its common stock priced at $28.35 a share.

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New CEO for Local Corp

Irvine-based online advertising technology provider Local Corp. named Fred Thiel its chief executive.

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MemorialCare Teaming With Cedars-Sinai on Investment Fund

Fountain Valley-based MemorialCare Health System said today that it will partner with Cedars-Sinai Health System in Los Angeles to establish Summation Health Ventures.

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Allergan Beats on Q1, Lifts Guidance amid Valeant Bid

Irvine-based Allergan Inc. today reported first-quarter profit and revenue that surpassed analysts’ expectations and hiked its full-year guidance.

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Midday Stock Roundup

The S&P 500 rose 0.23% in afternoon trading Wednesday.

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Corinthian Shares Continue Down

Shares of Corinthian Colleges Inc. were down about 20% to a market value of approximately $77 million in afternoon trading Wednesday on word that it’s renegotiating loan covenants with lenders and has hired Barclays PLC to “explore all the options that will increase shareholder value.”

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Disneyland Resort Q2 Attendance Up

Attendance at the Disneyland Resort in Anaheim grew during the March quarter.

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P.J. Salvage, Beach Riot Form Joint Venture

Irvine-based sleepwear maker P.J. Salvage along with Costa Mesa swimsuit maker Beach Riot announced a joint venture.

Tuesday, May 6

Corinthian Shares Continue Down

Shares of Corinthian Colleges Inc. were down about 20% to a market value of approximately $77 million in afternoon trading Wednesday on word that it’s renegotiating loan covenants with lenders and has hired Barclays PLC to “explore all the options that will increase shareholder value.”

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P.J. Salvage, Beach Riot Form Joint Venture

Irvine-based sleepwear maker P.J. Salvage along with Costa Mesa swimsuit maker Beach Riot announced a joint venture.

Midday Stock Roundup

The S&P 500 fell 0.48% to 1,875.57 in afternoon trading Tuesday.

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Irvine Workers Comp Company in Xerox Acquisition

Xerox Corp. has agreed to pay $225 million for ISG Holdings Inc., a workers compensation specialist that operates its healthcare software maker StrataCare LLC in Irvine.

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Brea Neonatal Products Maker Sold

Brea-based healthcare device maker Acacia Inc. has agreed to sell its neonatal feeding unit to Medela Inc., a global healthcare company that specializes in breastfeeding devices and medical suction equipment.

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Oculus Denies Infringement Claims

Irvine startup Oculus VR Inc., which is set to be acquired by Facebook Inc., has denied charges made by a Maryland video gaming company that it infringed on key technology that powers its breakthrough virtual reality headset.

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Allergan Investor Touts Valeant’s ‘Superior’ Bid in Letter

Irvine-based Allergan Inc. should “make the best possible deal” with Canada’s Valeant Pharmaceuticals International Inc. or identify a “superior transaction with another company,” activist investor Bill Ackman said Monday.

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NB Golf Club Investor in N.C. Buy

Concert Golf Partners, Newport Beach-based golf club owner and operator, has acquired MacGregor Downs Country Club in Cary, North Carolina.

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Billabong Names Global GM for RVCA Brand

The parent of Costa Mesa-based RVCA said Monday it appointed a general manager for the apparel brand.

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Monday, May 5

NB Golf Club Investor in N.C. Buy

Concert Golf Partners, Newport Beach-based golf club owner and operator, has acquired MacGregor Downs Country Club in Cary, North Carolina.

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Allergan Investor Touts Valeant’s ‘Superior’ Bid in Letter

Irvine-based Allergan Inc. should “make the best possible deal” with Canada’s Valeant Pharmaceuticals International Inc. or identify a “superior transaction with another company,” activist investor Bill Ackman said today.

Oculus Denies Infringement Claims

Irvine startup Oculus VR Inc., which is set to be acquired by Facebook Inc., has denied charges made by a Maryland video gaming company that it infringed on key technology that powers its breakthrough virtual reality headset.

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Midday Stock Roundup

The S&P 500 was down 0.05% to 1,880.20 in afternoon trading Monday.

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NB Activist Investor Drops A&F Board Nominations

Newport Beach-based activist investor Engaged Capital LLC has agreed to drop its earlier nominations for Abercrombie & Fitch Co.’s board of directors as the clothing retailer announced its own roster of four independent directors for election.

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Pac Merc Swings to Profit

Costa Mesa-based Pacific Mercantile Bancorp swung to a profit in the first quarter, netting $155,000 versus a loss of $3.5 million in the same quarter last year.

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Auction.com Hires Yahoo! Vet as CFO

Irvine-based Auction.com has hired Tim Morse as its new chief financial officer and executive vice president.

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Billabong International COO To Irvine

The Australian parent of Irvine-based Billabong USA announced a global chief operating officer who will be locally based.

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Coca-Cola Buys Stake in Irvine Firm

Atlanta-based Coca-Cola Co. has acquired a minority stake in WaterHealth International in Irvine.

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Yokohama Tire Back as Clippers’ Sponsor

Yokohama Tire Corp. and the Los Angeles Clippers have reached an agreement for the Fullerton-based tire manufacturer to reinstate its sponsorship of the team.

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Advantage Sales Continues Purchases

Advantage Sales & Marketing LLC in Irvine acquired StoreBoard Media LLC on undisclosed terms.

real estate deals

Milwaukee-based Harley-Davidson Inc. signed a lease for three industrial buildings—at 15044, 15051 and 15080 Goldenwest Circle in Westminster.

Tower Plan Adds to Downtown Design for Irvine Spectrum

REAL ESTATE: Office, apartments resemble shift in Newport Center

The Irvine Spectrum is expected to see construction of its first new office tower in seven years begin later this year, adding to an already heavy dose of new development in the immediate area.

Biggest SBA Lenders Notch 14% Increase in OC

Combine for $152.6M in Larger Pool of 265 Loans

The pace of small-business lending in Orange County jumped over the past year, according to this week’s Business Journal lists based on information from the U.S. Small Business Administration.

Inland Empire Commercial Activity Starts Off Year on Healthy Note

The Inland Empire industrial market at the close of the first quarter was consistent with continued development and steady tenant demand. It generated 5.8 million square feet of gross activity.

Seal Beach Dendreon Plant Sells for $21.1 Million

Downsized Company Still Under Long-Term Lease

The Seal Beach plant used by drug maker Dendreon Corp. has been sold to a Los Angeles-based industrial property investor.

New Habit: Franchise Deals for Better-Burger Chain

DINING: Deals signed for 15 in Las Vegas area, 25 in Seattle

Habit Restaurants LLC is making its push outside of its tri-state comfort zone with franchise agreements that will take the chain into Seattle and Las Vegas.

Ingram Adds Verizon Dealers to Mobile List

TECHNOLOGY: Multiyear pact follows Apple pact in Europe

Santa Ana-based Ingram Micro Inc. has landed one of its largest mobile device distributions deals, adding to its client list in the higher-margin segment targeted by Chief Executive Alain Monie when he spearheaded the priciest acquisitions in the company’s history 18 months ago.

Instruments Maker Buys Irvine HQ

MANUFACTURING: 78,600 SF for three units, 120 workers

Precision instruments manufacturer Horiba International Corp. in coming weeks will complete an expansion to a new facility in Irvine that will serve as the headquarters for its Americas operations, with several business units that have long been in Orange County coming together under one roof.

Streamlined Medical Model Attracts $125M in Funding

HEALTHCARE: Irvine firm works with ill seniors

Irvine-based Alignment Healthcare LLC is emphasizing coordination and management in an effort to cut healthcare costs.

Taco Bell’s Creed Soon to Be Yum! Chief

The head of Irvine-based Taco Bell Corp. has been tapped to be chief executive of the fast-food chain’s parent.

Local Toyota Units Won’t Move to Texas

Two local units of Toyota Motor Sales USA Inc. will stay in Orange County following the automaker’s announcement that it will move its headquarters from Torrance to Texas.

Del Taco Refinances $260M in Debt

Lake Forest-based fast-food chain Del Taco Holdings Inc. said it refinanced about $260 million in debt in exchange for a lower interest rate.

Samsung Galaxy 5 Has New Broadcom Technology

Improves Download Speed, Phone Sales Off to Fast Start

Samsung Electronics Co.’s highly touted smartphone released last month is carrying several Broadcom Corp. technologies, including a key combo chip that enables a clearer and more powerful Wi-Fi signal and increases power efficiency.

Judge Rules Avanir Drug Patents Valid

Aliso Viejo-based Avanir Pharmaceuticals Inc.’s stock shot up midweek after a federal court ruled in its favor in a patent lawsuit against two potential generic competitors.

Same Place, Fresh New Vibe at Vine in San Clemente

Offers Warm, Affordable ‘Wine Country’ Experience

Old venues can rev up a lot of new excitement when someone with a strong restaurant background and reputation for being warm and respectful to his employees comes along as owner and offers up a singular kind of affordable wine country experience.

ADDENDUM--Week of May 5

Newport Beach lifestyle healthcare startup Alphaeon Corp. named Bob Rhatigan chief operating officer.

Area High-End Homes Sell Close to Listing Prices

Styles From Nantucket to Modern Living by the Beach

The classic midcentury, single-level home at 2480 Monaco Drive in Laguna Beach, nestled among some of the most valuable real estate in Orange County, offers ocean, whitewater and Catalina Island views.

Calendar--Week of May 5

May 5, 2014

This week's business and other event listings

Sanuk Tells Story Its Way With ‘Book of Sanuk’ Video

Films Employees for 60-Second ‘Joy Ride’

Sometimes you don’t need an outsider to tell the story about your brand. At least that’s what folks at Sanuk USA LLC think.

Edwards Chief Confident in Return on New Products

With Approvals, Growth Expected Despite Rival

Irvine-based Edwards Lifesciences Corp.’s chief executive said he thinks new product introductions will bring “some significant uptick” in the market for less-invasive heart valves.”

Giving Up a Dream

John Hamilton’s eyes tear up and his voice trembles as he recalls the stories and friendships behind his private sports memorabilia collection, one of the largest and most impressive in the world.

Harder Side of Sears on Sale?

Estimates on South Coast Plaza Store’s Value: $200 Million+

There’s gold in Sears Holdings Corp.’s department stores, although you won’t find it at the jewelry counters.

Figuring Fits for Allergan’s Future

Fast-Growing Product Lineup Key for Would-Be Buyers

The fast-growing and diverse product lineup that has drawn a hostile bid for Allergan Inc. could also be just the thing to attract a “white knight” for the Irvine-based drug maker.

OC Properties Prominent in $1.4B CMBS Package

REAL ESTATE: Deal sheds light on recent gains at retail center, 2 hotels

Orange County has an outsized role in the commercial mortgage-backed securities market these days, with the Outlets at Orange shopping center and a pair of hotels near the Disneyland Resort backing one of the largest transactions in what has been a sluggish market so far this year.

New Bloodlines at Los Al; Allergan’s Phantom Links

California Chrome was the chalk horse heading into the Kentucky Derby on May 3, continuing a streak of OC ties that started in 2012, when CashCall Inc.’s Paul Reddam saw his I’ll Have Another win at 15-1.

Friday, May 2

Coca-Cola Buys Stake in Irvine Firm

Atlanta-based Coca-Cola Co. has acquired a minority stake in WaterHealth International in Irvine.

Yokohama Tire Back as Clippers’ Sponsor

Yokohama Tire Corp. and the Los Angeles Clippers have reached an agreement for the Fullerton-based tire manufacturer to reinstate its sponsorship of the team.

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Midday Stock Roundup

The S&P 500 rose 0.01% to 1,883.90 in afternoon trading Friday.

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Easy Life Furniture to Shutter Operations

Buena Park-based furniture chain Easy Life Furniture Inc. has filed for bankruptcy and plans to liquidate its operations over the next two months.

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BJ's Business Gets Back on Track

Huntington Beach-based BJ's Restaurants Inc. started its fiscal year off with improvements, an uptick that started in the second half of the quarter ended April 1.

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Autobytel’s Revenue Up 48%

Irvine-based Autobytel Inc. announced first-quarter revenue of $27 million, up from the $18.3 million it reported a year ago, a 48% increase.

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Automakers See Strong April

Orange County automakers notched April gains across the board.

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Irvine Architecture Firm in Seattle Buy

Irvine-based architecture firm Ware Malcomb has acquired Connell Design in Seattle on undisclosed terms.

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Thursday, May 1

Irvine Architecture Firm in Seattle Buy

Irvine-based architecture firm Ware Malcomb has acquired Connell Design in Seattle on undisclosed terms.

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Automakers See Strong April

Orange County automakers notched April gains across the board.

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BJ's Business Gets Back on Track

Huntington Beach-based BJ's Restaurants Inc. started its fiscal year off with improvements, an uptick that started in the second half of the quarter ended April 1.

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Midday Stock Roundup

The S&P 500 rose 0.14% to 1,886.60 in afternoon trading Thursday.

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Mixed Quarter for WD

Irvine-based disk drive maker Western Digital Corp. on Wednesday reported March quarter revenue in line with Wall Street estimates and net income that beat expectations.

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Avanir Surges on Patent Ruling

Aliso Viejo-based Avanir Pharmaceuticals Inc.’s stock shot up on Wednesday after a federal court ruled in its favor in a patent lawsuit against two potential generic competitors.

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Creed Named Taco Bell Parent's Next CEO

The head of Irvine-based Taco Bell Corp. was tapped to be chief executive of the fast-food chain's parent.

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