Stories for May 2015

Friday, May 29

Women-Owned Businesses Wanted for Annual List

Special Report: Centerpiece of July 6 edition

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

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Midday Stock Roundup

The S&P 500 was down 0.3% to 2,114.80.

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Simon to Give Firebrand to Employees

Allan Simon plans to transfer ownership of Firebrand Media LLC to 10 of his longtime employees, according to the Laguna Beach Independent, the company’s flagship publication.

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CSUF Taps Chapman Dean to Lead Arts

California State University-Fullerton said Dale Merrill will be dean of its College of the Arts, starting July 1.

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Thursday, May 28

Boot Barn Up on Sales, Earnings

Boot Barn Holdings Inc. reported increases in revenue and earnings for the fourth quarter and full fiscal 2015, sending its shares up more than 6% to a market value of about $620 million in trading Friday.

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PacSun Shares Down on Q1 Numbers

Shares of Pacific Sunwear of California Inc. were down about 11% in Friday trading to a $110 million market cap as the Anaheim-based apparel retailer reported lower-than-expected revenue for the first quarter of fiscal 2015.

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Midday Stock Roundup

The S&P 500 was down 0.4% to 2,115.44.

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Broadcom in $37B Deal

Irvine-based chipmaker Broadcom Corp. has agreed to be acquired by Avago Technologies Ltd. for $37 billion.

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UCI to Add Data Science Bachelor’s

University of California-Irvine plans to enroll its first undergraduates this fall in a new bachelor’s of science program in data science. UC Irvine is the first UC campus to offer the degree.

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Pacific Premier Hires CFO

Irvine-based Pacific Premier Bancorp Inc. has tapped Allen Nicholson as chief financial officer.

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Wednesday, May 27

Kiss Names New CEO

Arena football insider Joe Windham has been named chief executive of the LA KISS, which plays its home games at the Honda Center in Anaheim.

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Tilly’s Shares Fall on Mixed Q1

Tilly’s Inc. beat Wall Street expectations on earnings but slipped on revenue in the first quarter of its fiscal 2015, and shares fell more than 23% in Thursday trading.

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Broadcom Shares Surge Wednesday on Takeover Talks

Shares of Broadcom Corp. surged in afternoon trading Wednesday amid media reports that the Irvine-based chipmaker is in negotiations to be acquired by Avago Technologies Ltd.

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Neudesic Buys Anaheim IT Provider

Irvine-based IT provider Neudesic LLC has acquired Anaheim competitor Web4, which specializes in enterprise content management and human resources software.

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Midday Stock Roundup

The S&P 500 was up 0.8% to 2,121.34.

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Anaheim Lighting Products Maker Sold

Anaheim-based lighting products maker Intense Lighting LLC has been acquired by Leviton Manufacturing Co., a Melville, N.Y.-based manufacturer of electrical wiring equipment.

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Tuesday, May 26

JWA April Traffic Higher

John Wayne Airport reported a 5.7% year-to-year increase in total passengers to about 826,000 for April, compared with about 781,000 in the same period last year.

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Midday Stock Roundup

Major stock indices declined in midday trading on concerns over lagging economic growth.

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Jobs Site Gets $1.2M Angel Funding

Mission Viejo-based Jobrivet said today it received $1.2 million in angel funding, and now has raised $1.5 million total, according to cofounder Todd Peets.

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Fairhaven Memorial in Santa Ana to Dallas Buyer

REAL ESTATE: Deal includes 2 other funeral homes in area

Fairhaven Memorial Park and Mortuary in Santa Ana—one of Orange County’s largest and oldest cemeteries—has been sold to one of the country’s biggest providers of funeral services.

Masimo Wins Court Battle Over Patent

Irvine-based Masimo Corp. said last week that a federal court in Delaware upheld a $467 million jury verdict in its favor against a pair of Royal Philips Electronics NV’s units for patent infringement.

Telogis Raises $25M in New VC Round

Aliso Viejo-based Telogis Inc. raised another $25 million in venture capital funding, according to a filing with the Securities and Exchange Commission.

SwimSpot Gets Permanent Place in Raj Manufacturing’s Roster

RETAIL: Grows from online, pop-ups to brick-and-mortar

SwimSpot Holdings started out five years ago as the retail arm of Tustin-based Raj Manufacturing LLC. These days the subsidiary serves as the swimsuit maker’s eyes and ears, collecting data on customers’ preferences and shopping habits.

Pac Merc Expands Hollywood Niche

FINANCE: Beverly Hills-based unit lends to A-list movies

Costa Mesa-based Pacific Mercantile Bank has ramped up its entertainment financing business, an area that has become a key contributor to growth as the bank sharpens its focus on commercial lending.

Office Sale Gives Offshore Trend Korean Flavor

REAL ESTATE: New owners add to ethnic enclave here

One of the larger multitenant office complexes in Buena Park has traded hands in the latest notable Orange County commercial real estate deal involving investors from Asia.

Julia Passes Torch on Philanthropy; Dukes Back in Business

Count on Julia Argyros to gently move the needle on a subject that’s prompted a lot of sideline chatter ever since Henry Segerstrom passed away in February: Who’s in line to take the torch from the remarkable group of entrepreneurs who have driven OC’s philanthropy over the past half century?

Olen Adds 2 Arizona Complexes to Rental Portfolio

Buys One Mesa Complex, Another Deal on the Way

Olen Properties Corp. is making a $78 million investment in Arizona’s multifamily market.

Real Estate Deals

Glabman Partnership sold a retail building in Costa Mesa to the Soderstrom Family Trust for $6.2 million, or $153.75 per square foot. The 40,000-square-foot building is at 3089 Bristol St.

CenturyLink Tests Power-Saving Tech at Irvine Facility

Fuel Cells Save Electricity, Lower Data Center Costs

Monroe, La.-based CenturyLink Inc., one of the largest data-center builders and operators in the U.S., is testing a new fuel cell technology at its Irvine operation that could lead to significant cost savings in the capital-intensive sector while freeing up power on the taxed electrical power grid run by Southern California Edison and other energy providers.

Office, Industrial Markets Remain Tight in Q1

There were approximately 1.2 million square feet of industrial space under construction at the end of the first quarter.

Behr’s New Agency Gets ‘Emotional’ With DIYers

New Ads Target Painters and Their Muses

Paint maker Behr Process Corp. in Santa Ana is counting on a new marketing campaign to help it establish an “emotional connection” with consumers.

Hoag-USC Cancer Alliance Adds Melanoma Program

Patients to Have Access To Advanced Clinical Trials

Hoag Memorial Hospital Presbyterian and the University of Southern California’s 19-month-old alliance for cancer treatment continues to branch out in new directions.

OCBJ Calendar

This week's business and other event listings.

Luxury Buyers Seek Second Homes on OC’s Coast

Drawn Through Vacations, Easy Flight Paths to OC

The demand for second homes is rising all along Orange County’s coast, say some top area real estate specialists, driven principally by luxury buyers seeking an ideal second or even third home that also serves as a solid investment.

ADDENDUM

Other items of interest Orange County Business Journal Vol. 38, No. 21

Frost Data Capital, a San Juan Capistrano-based investment firm and startup incubator, joined other venture investors to back Maana, a developer of big-data search engine technology.

Taylor Morrison Buys Pacifica San Juan Site

REAL ESTATE: 194 acres could hold small, estate lots

A venture that includes Scottsdale, Ariz.-based Taylor Morrison Home Corp. has bought the stalled Pacifica San Juan home development in San Juan Capistrano.

Restaurant Chain Sponsors Indy Driver

Wienerschnitzel said it would sponsor race car driver J.R. Hildebrand in the Indianapolis 500.

Apex Acquires New Jersey Water Park

Apex Parks Group, an Aliso Viejo-based owner and operator of leisure parks, acquired Sahara Sam’s Oasis Indoor and Outdoor Water Park in New Jersey on undisclosed terms.

Monday, May 25

Next Big Tourism Thing: Millennials’ Little Siblings?

‘Generation Z’ Emerges As Local Travel Market

Today’s teens are following hard on the heels of Millennials in terms of tourism.

Abbott Medical’s Pipeline Set to Flow

HEALTHCARE: 7 new devices set to hit market over rest of year

Santa Ana-based Abbott Medical Optics has a pipeline ready to deliver a steady stream of new products that the eye specialist is counting on for a boost in the second half of the year.

Deal Ups Platinum Triangle Rental Value

REAL ESTATE: $269M for Katella sites would set mark for sales in area

Highlands Ranch, Colo.-based apartment developer and investor UDR Inc. has entered into a deal in which it could spend $269 million to take over ownership of two rental complexes under construction in the Platinum Triangle.

Western Digital to Cut at Irvine HQ

TECHNOLOGY: 6% trim claims 115 jobs in ‘moderate restructuring’

Storage products maker Western Digital Corp. will shed 115 jobs from its Irvine headquarters as part of a “moderate restructuring” in response to sagging global PC sales.

This Fantasy All Business

Aliso Viejo-Based Startup Aims to Secure Standing in Fast-Growing Segment of Online Gaming

The 100-foot Mojo eases away from the dock to navigate Newport Harbor, passing waterfront mansions and celebrity getaways on its way to open waters.

Gaming Changers

OC Theme Parks Immersed in Latest Trend

Amusement parks in Orange County and companies based here that operate parks elsewhere are adding immersive, interactive and gaming attractions to tap trends toward more personalized customer experiences.

Hotel Room Count Stable; Renovations Take Stage

Jobs Up 1.1% To 13,789 at Top 50

The number of rooms at the biggest hotels in Orange County hardly changed over the past year, but a significant portion of them got new looks, thanks to renovations at several of the market’s best-known establishments.

Friday, May 22

Midday Stock Roundup

The S&P 500 was flat at 2,130.28.

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OC Adds Jobs in April

Orange County employers added 3,800 jobs in April, helping drive down the unemployment rate to 4.1%.

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Frost Data Capital Part of Investor Group

Frost Data Capital, a San Juan Capistrano-based investment firm and start-up incubator, joined other venture investors to back Maana, a developer of big-data search engine technology.

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Autobytel Buys Competitor

Autobytel Inc. shares were up about 30% to a market value of $185 million after the Irvine-based automotive marketing company said it acquired Dealix Corp. from CDK Global Inc. in Hoffman Estates, Ill. for $25 million.

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Thursday, May 21

Taylor Morrison Buys Pacifica San Juan Site in SJC

A venture that includes Scottsdale, Ariz.-based Taylor Morrison Home Corp. has bought the stalled Pacifica San Juan home development in San Juan Capistrano.

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Midday Stock Roundup

The S&P 500 was up 0.2% to 2,130.17.

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Irvine Ranked Most Integrated U.S. City

Irvine was the only city in the U.S. to rank among the top 15 for both overall population growth and the pace of its increase last year, according to estimates released today by the U.S. Census Bureau.

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El Pollo Loco Sets Dallas Plan

El Pollo Loco said it plans at least 20 restaurants for a previously announced expansion into Dallas, to include seven franchised by an affiliate of local family office, Henry Investment Group.

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Wednesday, May 20

Segerstrom Daniels Gives $5M to CHOC Mental Health Program

Children’s Hospital of Orange County said today it's building a new children’s mental health inpatient center as part of an initiative that will be supported by a $5 million gift from Sandy Segerstrom Daniels.

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Midday Stock Roundup

The S&P 500 was down 0.1% to 2,126.22

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Tuesday, May 19

Edwards Suspends Valve Study

Irvine-based Edwards Lifesciences Corp. said today that it is voluntarily halting enrollment in an early clinical trial for an experimental, less-invasive mitral heart valve.

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Biolase Names CEO

Irvine-based Biolase Inc. said today that Harold Flynn Jr. will become its new chief executive, effective July 13.

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Theme Parks Operator Buys in NJ

Apex Parks Group, an Aliso Viejo-based owner and operator of leisure parks, has acquired Sahara Sam’s Oasis Indoor and Outdoor Water Park in New Jersey.

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Marcum Names Irvine Partner to Head CA Tax Business

National accounting firm Marcum LLP has named John Eckweiler, a partner in its Irvine office, partner-in-charge of tax and business services for its California operations.

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Midday Stock Roundup

The S&P 500 was up 0.2% to 2,132.35.

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Masimo's $467M Verdict Upheld

Irvine-based Masimo Corp. said today that a federal court in Delaware has upheld a $467 million jury verdict in its favor against a pair of Netherlands-based Royal Philips Electronics NV's units for patent infringement.

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Monday, May 18

Telogis Gets $25M Investment

Aliso Viejo-based Telogis Inc. has raised another $25 million in venture capital funding.

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Hot Dog Chain Sponsors Indy Racer

Wienerschnitzel said it will sponsor race car driver J.R. Hildebrand in Sunday's Indianapolis 500.

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Midday Stock Roundup

The S&P 500 was down 0.1% to 2,122.65.

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First Foundation Starts Insurance Unit

Irvine-based banking and wealth planning firm First Foundation Inc. has launched a property and casualty insurance brokerage unit.

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NYC Firm Takes 12.7% Stake in Habit

New York City-based asset management firm AllianceBernstein LP disclosed in an April 30 regulatory filing a 12.7% stake in Irvine-based Habit Restaurants Inc.

Mortgage Lender Doubles Local Office

Foothill Ranch-based mortgage lender loanDepot LLC doubled its Orange County office space to more than 238,000 square feet to accommodate its growing direct-lending center.

Hedge Fund Execs Go Long on Own Brand of Energy Drink

MARKETING: Pelerin pair behind Positive Energy brand

Positive Energy Beverages LLC is betting that a continued rise in consumer demand for “better-for-you” food products will be better for the Irvine-based startup, too.

Device Maker Plans IPO, New Hires

HEALTHCARE: Glaukos aims for $86.3M, NYSE listing

Laguna Hills-based eye device startup Glaukos Corp. plans to use proceeds from a proposed initial offering to hire more workers, expand marketing programs, and fund further clinical studies.

Retail Developer Buys Into Maui Resort Market

REAL ESTATE: Burnham adds upscale center to OC holdings

Burnham USA Equities Inc. is the latest local developer to tap the tony Hawaiian resort community of Wailea for a major investment.

Vans’ Ad Push Aims to Broaden Millennial Base

MARKETING: Campaign set for back-to-school, holidays

Vans Inc.’s upcoming marketing campaign aims to highlight its array of footwear and apparel in an effort to grow the brand beyond its skate roots and appeal to a wider youth segment.

St. Clair High Note; No Quit in Nepal; Peltason Program

Remarks by Kylie Schuyler and Rubén Martinez gave the crowd at last week’s High Hopes fundraiser for El Sol Science & Arts Academy clear reminders of why each was chosen for honors.

Industrial Market Shows Strength

The Orange County industrial market got off to a good start this year after experiencing a sluggish year-end, posting positive net absorption of 690,726 square feet following a sluggish finish to 2014.

Southwest Adds JWA Flights, Routes

Southwest Airlines said it will start flying to Kansas City and St. Louis from John Wayne Airport on Nov. 22.

Employment Agencies Continue Growth With 2% Jump

21 Firms Have $720M In Locally Generated Revenue

The largest staffing firms in Orange County combined for a modest increase in revenue last year, coming off a small dip in 2013.

Theme Parks Get Online Boosts from Newspaper

Disneyland, Knott’s Berry Sites Register Offshoots

Thinking of a trip to Disneyland or Knott’s Berry Farm this summer?

Meggitt Adds Hires in Irvine to Meet Growing Demand

Orders Up For Military, Aerospace Sensors

The Irvine operation of U.K.-based Meggitt Sensing Systems has been on a hiring push since consolidating its San Juan Capistrano and Londonderry, N.H., outfits less than two years ago.

Shea Properties, KBS Plan $76.7M Deal in Denver

First Office Built at Shea’s Village Center Station

Aliso Viejo-based commercial developer Shea Properties Inc. is under contract to sell part of a big office project in Colorado to another locally based investor, KBS Realty Advisors.

Real Estate Deals

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

Tri Venture LLC sold an office building in Santa Ana to the Moritzky Family Trust for $1.3 million, or $159.86 per square foot.

Masimo Chief Cites Progress on 10-Year Plan

Monitors Gain, Rainbow Product Line ‘Promising’

Masimo Corp. Chief Executive Joe Kiani says he’s “encouraged by our progress to date” as his company moves into the last 1 ½ years of a 10-year plan it established when it went public in 2007.

OCBJ Calendar

May 18-27, 2015

This week's business and other event listings.

ADDENDUM

Other items of interest Orange County Business Journal Vol. 38, No. 20

Tesla Motors Inc. plans to open a showroom and service center in Buena Park this summer, its second in Orange County.

PHILANTHROPY

Goodwill of Orange County announced on May 5 the largest single program-specific donation in its 90-year history: a $1 million gift from philanthropists Thomas T. and Elizabeth C. Tierney to support veterans.

Private Companies Wanted for Annual List

Special Issue: List will be centerpiece of June 22 edition

The Business Journal is preparing its annual list of privately owned companies for publication in June.

Printer Company Bought by Dallas Firm

Fontis Solutions in Irvine has been acquired by Dallas-based franchisor Safeguard Business Systems.

What’s Next?

Hollywood Backer, NBA Ties Point to Potential of VR Startup

Laguna Beach-based NextVR Inc. is on a hiring spree and considering the development of a new engineering hub in Orange County amid recent progress toward deals to license its virtual reality content technology to professional sports leagues.

New Home Co. Nears $250M Land Buy

Deal in Works With Irvine Co. Includes 2 Sites in Crystal Cove

The New Home Co. is looking to double down on Orange County’s luxury home market with its latest batch of land deals.

Device Maker Weighs In on Change in IBC

‘Concessions’ to B. Braun as For-Sale Residential Returns

One of the first developments in the Irvine Business Complex to propose for-sale residential development in nearly a decade is proceeding after getting some pushback from a medical device maker whose local manufacturing operations are next to the project.

Office Campus Eyed at Jamboree & Dupont

Trammell Crow Could Build 550,000 SF on 7.5 Acres

Trammell Crow Co. is eyeing a vacant land site it just bought near John Wayne Airport for a major office campus.

Office Market Gets Healthier in Q1

The Orange County office market, paced by the accelerating Greater Airport Area, is returning to prerecession peaks by all key measures.

Spec Office Developers Take Varied Approaches

Low-Rise, Creative Re-Use Planned Alongside Towers

Orange County developers are taking varied approaches to speculative office developments in the improving local economy, including a cautious approach on ground-up projects.

Auction.com Puts Out Welcome Mat for Hotel Trade

HOSPITALITY: New hires bolster recently formed hospitality division

Auction.com in Irvine has positioned itself to take advantage of the current boom in the hotel industry, with a focus on middle-market transactions in the $1 million to $15 million range.

Friday, May 15

Midday Stock Roundup

Stock indices were down in midday trading.

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Thursday, May 14

Ad Firm Takes Stake in OC Company

Dentsu Inc. said it acquired a 33% stake in Laguna Hills-based Athletes First LLC to help the athlete management agency expand its business in the U.S. and internationally.

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OC Auto Sales Up in April

Orange County auto dealers sold 14,888 vehicles in April, an 8.1% increase from the same period last year, according to the Newport Beach-based Orange County Automobile Dealers Association.

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Confie Buys in NY State

Huntington Beach-based insurance broker Confie Seguros has acquired three brokerage firms in Buffalo, N.Y.

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El Pollo Loco Down on Comps, Guidance

Shares in Costa Mesa-based El Pollo Loco Holdings Inc. fell about 11% in after-hours trading as same store sales growth slowed and the fast food chicken chain offered tepid full-year earnings guidance.

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Pimco’s Head of Equities to Leave

Newport Beach-based Pacific Investment Management Co. said its London-based chief investment officer of global equities is stepping down after a little more than a year on the job.

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Midday Stock Roundup

Stock indices were higher in midday trading on positive employment numbers and a report that a lending rate increase by the U.S. Federal Reserve would not occur before September.

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Southwest to Add Missouri, Mexico Routes From JWA

Southwest Airlines said it would start flying to Kansas City and St. Louis from John Wayne Airport on Nov. 22.

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Tesla to Open Buena Park Location

Tesla Motors Inc. plans to open a showroom and a service center in Buena Park this summer, its second in Orange County.

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Irvine Commercial Printer Sold

Fontis Solutions in Irvine has been acquired by Dallas-based franchisor Safeguard Business Systems.

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Wednesday, May 13

Irvine Commercial Printer Sold

Fontis Solutions in Irvine has been acquired by Dallas-based franchisor Safeguard Business Systems.

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Glaukos Files for IPO

Laguna Hills-based Glaukos Corp. has filed plans to raise $86 million in an initial public offering.

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Midday Stock Roundup

The S&P 500 was up 0.13% to 2,101.80.

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Hollywood & Sports Exec to Advise Laguna Beach VR Firm

Hollywood and sports executive and entrepreneur Peter Guber will chair the newly formed advisory committee for Laguna Beach-based virtual reality content provider NextVR.

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Tuesday, May 12

Midday Stock Roundup

The S&P 500 was down 0.2% to 2,100.40.

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Monday, May 11

Clean Energy Shares Fall on Missed Targets

Shares of Clean Energy Fuels Corp. were down about 2% in midday trading Tuesday after the Newport Beach-based company reported first-quarter revenue and adjusted profits that missed Wall Street expectations.

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Asset Manager Takes Habit Stake

New York City-based asset management firm AllianceBernstein LP disclosed in a regulatory filing a 12.7% stake in Irvine-based Habit Restaurants Inc.

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LoanDepot Doubles Space, Plans to Hire 1,000

Foothill Ranch-based mortgage lender loanDepot LLC has doubled its Orange County office space to more than 238,000 square feet to accommodate its growing direct-lending center.

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Midday Stock Roundup

The S&P 500 was down 0.2% to 2,111.01.

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Del Taco Revenue, Income, Buyer's Shares Up

Shares in the company that plans to buy Lake Forest-based Del Taco Holdings Inc. rose about 5% in early trading today as the Mexican-themed fast food chain reported first quarter earnings up about 33% on revenue up about 9%, compared with the same period last year.

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Henry’s Hand in Chanel’s New Look at South Coast

RETAIL: Late leader of center ensured room for renovation

The influence of the late Henry Segerstrom carried on last month as well-heeled guests rubbed shoulders at Chanel Inc.’s expanded and renovated boutique in the Nordstrom wing of South Coast Plaza.

Indian Grocer to Open in Irvine Center

Indian grocery chain Namaste Plaza signed a lease for a 6,700-square-foot store on the Irvine side of The Market Place that’s scheduled to open near Target in October.

Alphaeon Appoints Two Execs to Board

Irvine-based Alphaeon Corp. named former Securities and Exchange Commissioner Christopher Cox and Silicon Valley executive Dennis Wolf to its board of directors.

Estée Lauder Possible Too Faced Buyer

Estée Lauder Cos. surfaced among the bidders for Too Faced Cosmetics LLC in Irvine, according to Women’s Wear Daily.

Fisker Launches Customer Support Site

Costa Mesa-based Fisker Automotive and Technologies Group LLC launched a new customer support website for owners of its Karma luxury sports cars.

Santa Ana Company Builds N.C. Factory

MANUFACTURING: $7.5M for 204,000-square-foot plant

Santa Ana-based natural gas fuel systems developer Agility Fuel Systems plans to open a $7.5 million factory in North Carolina later this year, an expansion driven by a growing demand for natural gas-equipped vehicles.

D-Link Lands Wal-Mart Deal for Wi-Fi Cameras

TECHNOLOGY: Boosts its connected-home standing

Fountain Valley-based D-Link Systems Inc. has strengthened its position in the booming connected-home market in a deal with the world’s largest retailer, Wal-Mart Stores Inc.

OCVA Books Ctrip to Push Local Brand in China

HOSPITALITY: Members aim for clear ID in growth market

A website launched this month in China seeks to put a clear Orange County brand on efforts to tap into what’s expected to be a growing number of tourists from the burgeoning Asian nation to California for years to come.

New Look for Lima Beans at SCP; OC 50 Update; Lyon in LA

Talk about courage and imagination—the crew from AnQi showcased culinary renditions of both at last week’s debut of Courage of Imagination: A Tribute to Henry T. Segerstrom at South Coast Plaza.

Credit Collaboration for Cripe’s Place on List

HEALTHCARE: CHOC boss cites Innovation Institute as latest example

You’ll find Kimberly Chavalas Cripe among this year’s OC 50, the Business Journal’s annual inventory of the most influential members of the community of business here, and the subject of this week’s Special Report (see pullout for profiles).

North OC Price Check: Buena Park Shopping Center Seeks Buyer

RETAIL: 535,016 SF on block; Wal-Mart, Sears not part of deal

Coventry Real Estate Advisors in New York has put its portion of Buena Park Downtown on the market, seeking a deal that could reach $100 million.

OC 50 (M-0)

OC 50

Moiso's Mission: Ride On

Family Found Way to Sell Ranch to Selves

It’s a cloudy day at Ranch Mission Viejo LLC’s headquarters on Reata Road, just off Ortega Highway.

Crossover, Newcomers Highlight OC 50

Inventory of Influence Includes 15 of Wealthiest Here

Wealth doesn’t necessarily translate into power in Orange County, but the two do cross paths.

Allergan Campus on Jobs Seesaw

HEALTHCARE: Actavis indicates new unit will offset chunk of layoffs

The makeover of Allergan Inc.’s operations in Irvine continues, with 1,100 jobs expected to be trimmed by next month.

OC 50 (E-L)

OC 50

OC 50 (P-Y)

OC 50

OC 50 (A-D)

OC 50

Broadcom’s Great Park Land Buy Gets a Little Pricier

$156 Million Total Includes Land, Taxes, and Deposits

Broadcom Corp. has given a few more financial details about the land deal it made for its planned new headquarters campus next to Orange County Great Park.

Airport-Area Industrial Market Tightens in Q1

The overall vacancy rate in the Greater Airport Area industrial real estate market dropped to 1.8% at the end of the first quarter, down 33% from 2.7% a year earlier and down 30% from the fourth quarter.

Real Estate Deals

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

Oakshire Trading Co. signed a lease for 14,773 square feet at 8900 Research Drive in Irvine for $520,000.

New Octane Head Plans to Beef Up Startup Booster

Ex-BlackStone Exec Aims For Stronger Service, Image

New Octane Chief Executive Bill Carpou is crafting a strategy to build awareness of the Irvine-based nonprofit; improve the development of early-stage technology and biomedical companies that use its programs; and bring outside investment into OC.

New Sanuk Ads Aim to Make It an ‘Always’ Brand

Company Builds on ‘Never Uncomfortable’ Campaign

Sanuk USA LLC launched a global marketing campaign last week, “Always…Sanuk,” aimed at “expanding the brand philosophy” to new consumers while “strengthening” its bond with core audiences.

­­­Edwards Chief Talks Up Q1 Valve Segment Adoption

Growth in Europe; Japan Sees Sequential Increase

Irvine-based Edwards Lifesciences Corp. and its chief executive, OC 50er Michael Mussallem (see Special Report pullout), are talking adoption of the company’s fast-growing less-invasive heart valve segment.

OCBJ Calendar

May 11-20, 2015

This week's business and other event listings.

ADDENDUM

Other items of interest Orange County Business Journal Vol. 38, No. 19

Conan Hayes, a cofounder of Costa Mesa-based apparel company RVCA, was charged with grand theft in a case involving the financing of a house in Costa Mesa.

Newport Beach Heats Up With April Luxury Transactions

Nine Sales, One Near $7M, Beat Newport Coast Deals

April showers bring … sales—at least in Newport Beach.

Private Companies Wanted for Annual List

Special Issue: List will be centerpiece of June 22 edition

The Business Journal is preparing its annual list of privately owned companies for publication in June.

Friday, May 8

Midday Stock Roundup

Stock indices were broadly higher on a positive jobs report from April.

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HCP Buys Philadelphia Building

Irvine-based HCP Inc. has acquired a building in Philadelphia for $161 million, according to a federal filing.

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OC Dealers Among First to Sell Toyota Hydrogen Car

Toyota Motor Corp. selected two Orange County dealerships—Toyota of Orange and Tustin Toyota—to be among the first eight in the U.S. selling its new Mirai hydrogen vehicle.

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Tribune in Deal for SD Paper

Chicago-based Tribune Publishing Co., the parent of the Los Angeles Times, said it entered into agreement to buy U-T San Diego for $85 million in a cash-and-stock deal.

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Lush Cosmetics Opens at MV Mall

Lush Fresh Handmade Cosmetics is opening a store at The Shops at Mission Viejo on Friday, its 32nd retail location in the state and 229th nationwide.

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Thursday, May 7

OC Dealerships Among First to Sell Toyota Hydrogen Car

Toyota Motor Corp. selected two Orange County dealerships—Toyota of Orange and Tustin Toyota—to be among the first eight in the U.S. selling its new Mirai hydrogen vehicle.

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More Homes at Rancho Mission Viejo Moving Ahead

A quartet of Orange County homebuilders are gearing up for the development of Esencia, the second village planned at the ranch community of Rancho Mission Viejo.

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Tribune to Buy SD Paper

Chicago-based Tribune Publishing Co., the parent of the Los Angeles Times, said it entered into agreement to buy U-T San Diego for $85 million in a cash-and-stock deal.

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Lush Cosmetics Opens at MV Mall

Lush Fresh Handmade Cosmetics is opening a store at The Shops at Mission Viejo on Friday, its 32nd retail location in the state and 229th nationwide.

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Indian Grocer to Open at Market Place

Indian grocery chain Namaste Plaza has signed a lease for a 6,700-square-foot store on the Irvine side of The Market Place.

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Midday Stock Roundup

The S&P 500 was up 0.5% to 2,089.76.

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Too Faced to Estée Lauder?

Estée Lauder Cos. has surfaced among the bidders for Too Faced Cosmetics LLC in Irvine, according to Women’s Wear Daily.

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Wednesday, May 6

Too Faced to Estée Lauder?

Estée Lauder Cos. has surfaced among the bidders for Too Faced Cosmetics LLC in Irvine, according to Women’s Wear Daily.

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Blizzard Posts Big Subscription Drop

Irvine-based video game maker Blizzard Entertainment Inc. reported a big loss of online subscribers for its flagship World of Warcraft franchise that led to a steep drop in first-quarter revenue and operating profits.

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Midday Stock Roundup

The S&P 500 was down 0.7% to 2,075.22.

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Alphaeon Adds Two Directors

Irvine-based Alphaeon Corp. said today that it named former Securities and Exchange Commissioner Christopher Cox and Silicon Valley executive Dennis Wolf to its board of directors.

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Tuesday, May 5

iPourIt Gets $350K, Dog Haus

Lake Forest-based iPourIt Inc. said its self-serve beer dispensing system would be in two Dog Haus restaurants in Orange County, and that it closed on an additional $350,000, after a $1 million angel investment from January.

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Midday Stock Roundup

The S&P 500 was down 0.7% to 2,098.79.

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Disney's Parks Revenue Up

The Disneyland Resort in Anaheim helped drive a quarterly increase in revenues at Burbank-based parent Walt Disney Co., the company said.

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Monday, May 4

Ingram Micro Q1 Mixed

Santa Ana-based Ingram Micro Inc. after the close of trading today reported first-quarter revenue that just beat Wall Street expectations, and adjusted profits that narrowly missed estimates.

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Pimco’s Total Return Loses ‘Biggest’ Title

Pacific Investment Management Co.’s signature fund, the Total Return, is no longer the world’s biggest bond fund.

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Midday Stock Roundup

The S&P 500 was up 0.2% to 2,113.74

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Banc of CA Posts Q1 Profit

Irvine-based Banc of California Inc. swung to a profit in the first quarter, logging $11.7 million in net income versus a loss of $161,000 in the same period last year.

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Fisker Launches Customer Support Website

Fisker Automotive and Technologies Group LLC has launched a new customer support website for owners of its Karma luxury sports cars.

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Corinthian Files for BK

Santa Ana-based Corinthian Colleges Inc. filed for bankruptcy, the company said.

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Vans, Parent Revenue Up in Q1

Vans Inc. revenue was up 8% for the first quarter ended April 4, according to its parent, Greenboro, N.C.-based VF Corp., whose revenue also rose.

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Morgan Drexen Files for BK

Costa Mesa-based debt settlement services company Morgan Drexen Inc. has filed for bankruptcy.

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Two OC Carmakers Best National Pace

Two of the four Orange County-based automakers beat the national sales pace for new vehicles in April, according to New Jersey-based market researcher Autodata Corp.

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Irvine Population Tops 250,000; OC Gains 1.1% Overall

The city of Irvine has posted a 3.2% increase in population to 250,384, the highest percentage increase in Orange County and tops among cities with populations of 100,000 or more, according to an annual report released today by the California Department of Finance.

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Paragon Wins Entree to China Smartphone Market

TECHNOLOGY: Software maker in deal with ZTE

Irvine-based Paragon Software Group Inc. has notched a key design win to supply networking technology to China’s second largest telecommunications equipment maker.

Contrarian on Fall of Saigon; Pac Life as Political Football?

No surprise that Nghia X. Nguyen left it for others to mark last week’s 40th anniversary of the fall of Saigon, an event that set off a refugee trail that would make OC’s Little Saigon a capital of the Vietnamese diaspora.

Ex-Franchised Burger Joint Catches Wave as Indie

Mom-and-Pop Shop Serves Basics Like the Big Guys

You’ve heard about the entrepreneur who buys a franchise and grows a business as part of a larger system.

Protein Powers Sales as Meal-Substitute Demand Grows

Several Inspired By Desire For Healthier Products

Fitness-focused small business abounds in Orange County, and protein is a particular emphasis.

OC Hospitality Execs’ New Role: Leaders of PAC

TOURISM: Focus on county politics grows from OCVA strategic plan

A number of local tourism groups are backing OC Travel PAC, a new political action committee that will aim to influence elected officials and candidates at the county level on hospitality and travel issues.

Rebound Covers Waterfront in NB

REAL ESTATE: Bayside complex with land lease gets $400,000 per unit

An apartment complex that overlooks Newport Harbor has traded hands at one of the higher per-unit prices recently seen among rental properties in Orange County.

Cosmopolitan Calling Card

Segerstrom Center Cultural Keystone, More in Marketplace

Costa Mesa-based Rutan & Tucker LLP was just one of the law firms in several California markets recruiting Bill Meehan 10 years ago.

SBA Loans Jump, National Lenders Lead Way

FINANCE: Value rises 52%; number of loans up 35%

Small-business lending in Orange County rose substantially in recent months, according to this week’s Business Journal lists based on information from the U.S. Small Business Administration.

Pricey Land Sale Sets Stage for Arts District Rentals

Legacy Partners Closes On 2-Acre Retail Site

The Lakes Pavilions retail center in the arts district of Costa Mesa has sold in a long-awaited deal that paves the way for a high-end apartment complex to be built at a site across the street from the Segerstrom Center for the Arts.

Strong Q1 for Mid-Counties Industrial

The Mid-Counties industrial submarket had total gross activity of 2.5 million square feet in the first quarter, up 26.6% from the 1.9 million square feet recorded a year earlier, though with fewer transactions—41 versus 51.

OCBJ Calendar

May 4-13, 2015

This week's business and other event listings.

Real Estate Deals

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

Bushala Brothers Inc. bought an industrial building in Fullerton from an undisclosed seller for $1.2 million, or $133.33 per square foot.

Insteon Keyed In on Opportunity Tied to Apple Watch

Irvine Tech Firm’s App Allows Home Controls

Engineers at Irvine-based Insteon, a home-automation technology provider, worked with Apple Inc. counterparts for months in preparation for the much-hyped April 24 release of the Apple Watch.

Unearthed Sizzler Ad Sizzles in Surprise Online Turn

1991 Infomercial Gets 1.8M+ YouTube Views

Sizzler USA Inc. in Mission Viejo is cleverly paddling through a wave of unexpected publicity spurred by a dated commercial that crossed the radar of an Esquire magazine journalist.

Nihon Kohden Gets New CEO; Shakes Upper Ranks

Switches to Unified Sales Strategy Among Units

Irvine-based Nihon Kohden America has a new chief executive and a revamped business structure.

ADDENDUM

Other items of interest Orange County Business Journal Vol. 38, No. 18

San Clemente-based Stance Inc. signed a licensing agreement to become the official sock brand for the National Basketball Association. Financial terms of the multiyear deal, which kicks off with the 2015 Samsung NBA Summer League in July, were undisclosed.

PHILANTHROPY

More than $1 million—that’s the net amount raised by the annual Court Appointed Special Advocates Celebration of Children Black & White Ball.

Lark Creek Recalled as Group Partner Cuts New Path

Chef Ogden Opens Diners, Works With New-Chef Son

Still sad over the quiet closing last month of the Lark Creek restaurant in Fashion Island. It had some of the best food in that upscale center.

Private Companies Wanted for Annual List

Special Issue: List will be centerpiece of June 22 edition

The Business Journal is preparing its annual list of privately owned companies for publication in June.

Software AG Leads Predixion VC Round

Aliso Viejo-based Predixion Software kicked off its latest venture funding round with Germany-based Software AG, one of the largest global software companies, as the lead investor.

Montage Announces Mexico Resort

Irvine-based Montage Hotels & Resorts said it would develop Montage Los Cabos on Santa Maria Bay in Los Cabos, Mexico, its first international property.

Mitsubishi Motors Taps Ally on Finance

Mitsubishi Motors North America Inc. in Cypress said it will fold its in-house financing arm, Mitsubishi Motors Credit of America Inc., and rely on Detroit-based Ally Financial Inc. as its “preferred financing source.”

Oakley Chooses Raj to Make Swimwear

Oakley Inc. selected Raj Manufacturing LLC in Tustin to develop, manufacture and distribute its women’s swimwear worldwide.

Yogurtland’s Chang Aids Startup’s Russian Phone Deal

TECHNOLOGY: Dual-faced ‘Yota’ gets Psyx audio tech

An Irvine-based startup backed by Yogurtland founder Phillip Chang has signed its first licensing deal to imbed audio compression technology in a pricey smartphone with dual displays.

Lake Forest Lender Starts New Division

Lake Forest-based lender Clearinghouse Community Development Financial Institution is launching a real estate investment division.

Fisker Back to Anaheim?

New Office Likely, Manufacturing in IE Possible

Add real estate needs to the list of mysteries surrounding the second iteration of Fisker Automotive Inc.

Friday, May 1

Two OC Carmakers Best National Pace

Two of the four Orange County-based automakers beat the national sales pace for new vehicles in April, according to New Jersey-based market researcher Autodata Corp.

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Vans, Parent Revenue Up in Q1

Vans Inc. revenue was up 8% for the first quarter ended April 4, according to its parent, Greenboro, N.C.-based VF Corp., whose revenue also rose.

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Irvine Population Tops 250,000; OC Gains 1.1% Overall

The city of Irvine has posted a 3.2% increase in population to 250,384, the highest percentage increase in Orange County and tops among cities with populations of 100,000 or more, according to an annual report released today by the California Department of Finance.

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Morgan Drexen Files for BK

Costa Mesa-based debt settlement services company Morgan Drexen Inc. has filed for bankruptcy.

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Midday Stock Roundup

The S&P 500 was up 0.7% to 2,099.26.

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Ensign Buys 3 Nursing Facilities

Mission Viejo-based Ensign Group Inc. said today it bought one skilled nursing facility in Washington and a subsidiary bought two skilled nursing facilities in Utah, on undisclosed terms.

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