Stories for November 2016

Wednesday, November 30

LoanDepot Buys Title Firm

LoanDepot LLC on undisclosed terms bought Closing USA LLC and will buy American Coast Title Co. Inc.

Tease photo

Kingston Sponsors Top Gamer

The gaming accessories unit of Fountain Valley-based Kingston Technology Co. Inc. will sponsor one of the world’s top “Street Fighter” players.

Tease photo

Tilly’s Beats on Q3

Tilly’s Inc. surpassed analyst expectations on third-quarter revenue and profit, and hiked its 2016 forecast, sending its shares up more than 35% in Thursday trading to more than $13 a share and a $371 million market cap.

Tease photo

Midday Stock Roundup

The S&P 500 was up 0.2% in midday trading to 2,207.98.

Tease photo

Tuesday, November 29

Allergan Expands Board

Allergan Plc. said it appointed Adriane Brown to its board of directors, effective in February. Brown is president and chief operating officer of Intellectual Ventures LLC, a privately held company in Bellevue, Wash., that provides invention-related services and buys patents.

Tease photo

Advantage Solutions Picks Up Ad Shop

Advantage Solutions, an Irvine-based provider of sales, marketing, merchandising and digital technology services to packaged goods manufacturers and retailers, has bought a consumer marketing firm in Chicago on undisclosed terms.

Tease photo

American Vanguard Backs Harvard on Zika

American Vanguard Corp. in Newport Beach said its AMVAC Chemical Corp. subsidiary would help pay for research at Harvard University “to develop and potentially commercialize” technology aimed at killing the mosquito that spreads the Zika and other viruses.

Tease photo

Midday Stock Roundup

The S&P 500 was up 0.3% in midday trading to 2,208.02.

Tease photo

Monday, November 28

Midday Stock Roundup

The S&P 500 was down 0.3% in midday trading to 2,207.29.

Tease photo

Edwards in $340M Mitral Device Deal

Edwards Lifesciences Corp. in Irvine will buy Valtech Cardio Ltd in Or Yehuda, Israel, for $340 million in cash and stock in a deal expected to close early next year.

Tease photo

Bixby Land Swings Back to Industrial

REAL ESTATE: Warehouse buy latest break from creative offices

Bixby Land Co., one of the area’s most active developers of creative-office space, is putting more of its money into Orange County’s industrial market.

Kawamura Crops Up; Jimmy P. at Shea; Max & Kate at SCP

Anyone else hear about a longshot push for Big Canyon resident A.G. Kawamura as Secretary of Agriculture in the pending Trump Administration?

Proove Biosciences Wants to Market Data on Pain

Fast Grower Aims To Supplement Test Revenue

Irvine-based Proove Biosciences wants to diversify its lineup of offerings to complement the tests it provides to help physicians evaluate pain tolerance and identify risk for dependence and addiction.

Mazda Makeover Unifies Marketing

AUTOS: Irvine HQ takes new shape after trim of 100 staffers

Chief Executive Masahiro Moro’s vision to transform Mazda North American Operations from an automaker “that just sells cars to a company that delivers a great experience” has taken its next steps following staff cutbacks and a restructuring at its headquarters in Irvine.

OCBJ Calendar

Nov. 28-Dec. 7, 2016

This week's business and other event listings.

PBS SoCal Grows Into Role

Flagship Status Yields Increases in Funding, Membership

PBS SoCal KOCE is in the process of moving the last piece of its operations out of Golden West College, where it aired its first broadcast in 1972, as part of a plan to transfer its technical equipment to Los Angeles.

Goldman Gets Behind Fast Grower

Leads $39M Round to Join Early Investors Carrick, Toba

Irvine-based Mavenlink Inc. is scouting new headquarters in Irvine to accommodate a hiring push in the wake of raising $39 million from lead backer Goldman Sachs.

ADDENDUM

Other items of interest Orange County Business Journal Vol. 39, No. 48

Santa Ana College’s International Business Program received the Responding to Globalization award on Nov. 17 at the Orange County Business Council’s sixth annual Turning Red Tape Into Red Carpet Awards.

Kia Spreads Word on Hybrid SUV Through App Bot

Sings Praises of Niro Via AI-Powered Text Chats

Kia Motors America Inc.’s new Niro hybrid SUV is getting lots of marketing attention these days.

PHILANTHROPY

Nonprofit group Project Access honored Mazda at its 11th Annual Keys to Success Gala and fundraiser amid a collection of timeless automobiles at Crevier Classic Cars in Costa Mesa.

Angel Investment Group Seeks More Medical Deals

Tech Coast Angels Unit To Hunt Specialized Investors

The Orange County chapter of Tech Coast Angels recently formed a medical device and lifesciences division to engage in more medical device deals, with the goal of increasing its ranks of accredited investors with medical device expertise to facilitate such deals.

Link Named to Allegro Board

Allegro Ophthalmics LLC in San Juan Capistrano appointed Bill Link to its board.

Real Estate Deals

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

AMZ Properties sold an industrial building in Anaheim to 4340 E. Miraloma LLC for $6.4 million, or about $170 per square foot.

UCI Researchers Named Science Fellows

Nine University of California-Irvine researchers were named fellows of the American Association for the Advancement of Science.

CSUF to Launch Investment Center

California State University-Fullerton’s Mihaylo College of Business and Economics will launch an investment management center with a private grand opening on Dec. 2 that will recognize a $1.5 million gift from alumnus Jeffrey Van Harte, chairperson and chief investment officer of San Francisco-based Jackson Square Partners LLC.

Garden Grove Plant Could Avert Layoffs

Los Angeles-based American Apparel LLC said a $66 million bankruptcy sale to Gildan Activewear Inc. could help it stave off a round of layoffs, including of 332 workers at its dye house in Garden Grove.

USB Touted as Ultra-Secure Closes In on Retail Deal

Startup Says Device Uses NSA-Endorsed Technology

Irvine startup Webcloak is nearing a deal with a national retailer to distribute its USB device, which it says allows users to anonymously browse the web and prevent viruses, data theft or identity breaches.

Fund to Honor Late Apex Chief

A leading amusement industry group has established a memorial scholarship fund to honor Al Weber, who founded and led Apex Parks Group LLC in Aliso Viejo until his death on Nov. 8.

The Source Preps for Opening at Beach and Orangethorpe

Retail, Office About Done, Hilton Hotel Year Away

Lynwood-based developer M&D Properties is gearing up for the opening of The Source, its big mixed-use development in Buena Park.

Oncology Specialist Teams Up With Cedars-Sinai

HEALTHCARE: NB-based chain shifts to collaborations

Newport Beach-based Integrated Oncology Network Holdings’ treatment center in Beverly Hills will be fully incorporated into Cedars-Sinai Medical Center, a nonprofit 886-bed academic medical center in Los Angeles.

Ingram Eyes Next Approach After Allergan Deal

HEALTHCARE: Veteran pharma exec envisions investment ‘hub’

Doug Ingram is on to the next thing.

Friday, November 25

Snyder Langston Names CFO

Irvine-based Snyder Langston named Gary Campanaro chief financial officer.

Tease photo

Midday Stock Roundup

The S&P 500 was up 0.4% in midday trading at 2,213.35.

Tease photo

Wednesday, November 23

Snyder Langston Names CFO

Irvine-based Snyder Langston named Gary Campanaro chief financial officer.

Tease photo

Midday Stock Roundup

The S&P 500 was down 0.1% in midday trading at 2,201.91.

Tease photo

Tuesday, November 22

Ingram Strikes Deal With Allergan

Allergan PLC has acquired Chase Pharmaceuticals, a clinical-stage biopharmaceutical company that focuses on drugs for Alzheimer’s disease. The acquisition price includes an upfront payment of $125 million, with additional regulatory and sales milestones part of the deal.

Tease photo

CSUF to Start Investment Center

California State University-Fullerton’s Mihaylo College of Business and Economics announced today the launching of an investment management center.

Tease photo

NB Lawyer on ’40 Under 40’ Roster

Stuart Kane LLP Partner Javier Gutierrez has been named one of Urban Land magazine’s “40 Under 40” award recipients.

Tease photo

Attorney Honored by Bar Association

Attorney Dean Zipser will receive the Franklin G. West Award from the Orange County Bar Association at its annual meeting on Jan. 26.

Tease photo

Midday Stock Roundup

The S&P 500 was flat in midday trading at 2,198.78.

Tease photo

Monday, November 21

Business Award for SAC Program

Santa Ana College’s International Business Program received the Responding to Globalization award on Nov. 17 at the Orange County Business Council’s sixth annual Turning Red Tape Into Red Carpet Awards.

Tease photo

Nine Named Science Fellows

Nine University of California-Irvine researchers have been named fellows of the American Association for the Advancement of Science.

Tease photo

Link Joins Allegro Board

Allegro Ophthalmics LLC in San Juan Capistrano named Bill Link to its board.

Tease photo

Midday Stock Roundup

The S&P 500 was up 0.7% in midday trading to 2,197.26.

Tease photo

Acquisition May Stem American Apparel Cuts

American Apparel LLC said a $66 million bankruptcy sale to Gildan Activewear Inc. could help it stave off a round of layoffs, including of 332 workers at its dye house in Garden Grove.

Tease photo

Recently Built Placentia Apartments Sell for $44M

Union Place Opened in ’12; 1st for City in Over a Decade

Union Place, the first big apartment complex to be built in Placentia in over a decade, has sold.

Turning a New Tea Leaf

Beverage Chain Brings Asian Recipes, Complementary Approach to Market

7 Leaves Cafe will happily follow in Starbucks Corp.’s footsteps.

‘Flight’ Plan Set for Creative Campus

Price for 40 Acres in Tustin Could Top $73M

Orange County’s first ground-up creative-office campus looks likely to break ground in mid-2017 under terms of an agreement between the city of Tustin and the developer of the project, which is called Flight.

Village at Orange Fetches $84.5M

REAL ESTATE: Looks to be first buy here for SD-based investor

An investor from San Diego has bought the Village at Orange shopping center in one of the largest reported retail deals in Orange County this year.

Hyundai’s New Take on Tech

AUTOS: Carmaker forms IT ‘subdivision’ at FV headquarters

Here’s what the world didn’t see when Hyundai Motor America Inc. showed off its first self-driving vehicle at the Los Angeles Auto Show last week:

Girly Guys; Trump Ties; Royce Tries

Word that Hillary Clinton became the first Democrat to carry Orange County since Franklin Roosevelt might just have you ready to consider another stereotype-buster for this place that boasts an airport named after John Wayne: The two men who built the Irvine-based Too Faced makeup brand into an outfit that fetched $1.45 billion in last week’s sale to Estee Lauder counted “unabashed girliness” as an inspiration (see related report, page 8) …

South Coast Metro Office Sells to SD Investor

REAL ESTATE: Estimated $50.5M for Santa Ana building

One of the high-end office buildings in the Hutton Centre mixed-use campus in Santa Ana has been sold to an investor from San Diego.

NB-Based Team Tennis Franchise Up for Sale

SPORTS: Sold out 6-game schedule at 1,250-seat venue

Orange County’s professional tennis team is up for sale.

OHL Leads on $1.2B Plan to Widen 405

CONSTRUCTION: Expected to bring 800 trade jobs over 6 years

The Irvine office of OHL USA Inc. is part of the joint venture whose $1.2 billion bid for the I-405 Improvement Project was deemed “best value” last week by the Orange County Transportation Authority’s board of directors.

Sperry Commercial Adds Former Irvine Mayor to Mix

REAL ESTATE: Will aim to build broker roster, Asia links

Sperry Commercial Global Affiliates LLC, an Irvine-based commercial real estate brokerage that started operations this summer, has hired the former mayor of its hometown to beef up its presence in Asia.

Golden State Adds Denver Distributor

A unit of Golden State Foods Corp. in Irvine created a company to run a food distributor that it bought in June.

St. Joseph Expands Home Nursing

Providence St. Joseph Health in Irvine plans to expand its home healthcare services franchise offerings by 50% over the coming year.

Ohio Firm Buys Lawn Device Startup

Blossom, a startup based at The Cove in University Research Park, was acquired by Marysville, Ohio-based The Scotts Miracle-Gro Company. Terms of the deal hadn’t been disclosed.

Herberts Pledge $5 Million to Eye Institute

Gavin and Ninetta Herbert will give $5 million to the Gavin Herbert Eye Institute to back retinal research in diseases that include glaucoma, diabetic retinopathy and retinal detachment.

$1.45B for Irvine-Based Cosmetics Line

Too Faced Cosmetics LLC in Irvine will sell for the second time in 18 months, in a deal pegged at nearly $1 billion more than last year’s price tag.

Emerald Gets RFID Tech Show

Emerald Expositions LLC in San Juan Capistrano last week acquired the RFID Journal LIVE event and several related regional expos from RFID Journal LLC in Hauppauge, New York on undisclosed terms.

RSM Startup Hopes Diamonds Will Be Best Friend

New Online Auction Site Cuts Out Middlemen

Rancho Santa Margarita-based online auction company MyDiamondAuction.com recently opened to individuals to give those who own diamonds access to what it says are the world’s largest diamond-buying companies.

ADDENDUM

Other items of interest Orange County Business Journal Vol. 39, No. 47

Boeing Co. plans to move 2,500 jobs from Huntington Beach in the next four years, leaving a fraction in Seal Beach while the majority go to El Segundo, Long Beach, St. Louis and Huntsville, Ala.

High-End Condos Carve Out Niche in Luxe Market

About 160 on OC Market, Two Priced Above $4M

The Orange County luxury housing market, defined in the real estate industry as the top 5% of homes sold in a given quarter, regularly sees single-family homes garner $5 million, $10 million and even $20 million.

OCBJ Calendar

Nov. 21-30, 2016

This week's business and other event listings.

Glaukos Expects New Status on Key Reimbursement

CMS Move Stands to Lift Device Maker’s Revenue

San Clemente-based Glaukos Corp. anticipates strong revenue growth next year for its iStent products, based on a guarantee of reimbursement on procedures that use its iStent implant.

Marketing Groups Grow Effort to Court SF Travelers

Dana Point Organization Joins Concerted Campaign

Visit Dana Point recently joined a consortium of local destination marketing organizations on a campaign that aims to attract visitors from the San Francisco area.

Vizio Sale in Spotlight of Chinese Buyer’s Finances

LeEco Tight On Funds After Overextension

Vizio Inc.’s pending $2 billion sale to LeEco bears watching as chatter picks up in analyst circles that the China-based conglomerate has hit a cash crunch as it expands product lines and markets.

Real Estate Deals

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

99 Motel LLC sold a land parcel consisting of a motel and retail property in Anaheim to Anaheim Express Car Wash LLC for $3.4 million, or about $73 per square foot.

Biggest Employers Get Bigger

Grow Local Workforces 2.5% to 273,000, Up 3.5% Companywide

Orange County’s biggest employers continued to expand their workforces over the past year, though at a slightly slower pace than last year.

Friday, November 18

UCI Professor Wins International Award

Elizabeth Loftus, distinguished professor of social ecology in the department of psychology and social behavior at the University of California-Irvine, was awarded the international John Maddox Prize for Standing up for Science in London.

Tease photo

Midday Stock Roundup

The S&P 500 was down 0.2% in midday trading to 2,182.38.

Tease photo

Unemployment Rate Up, Leisure Industry Cuts Jobs

Orange County’s unemployment rate ticked up to 4.1% in October from a revised 4% in September.

Tease photo

Acquisition May Stem American Apparel Cuts

American Apparel LLC said a $66 million bankruptcy sale to Gildan Activewear Inc. could help it stave off a round of layoffs, including of 332 workers at its dye house in Garden Grove.

Tease photo

Thursday, November 17

Midday Stock Roundup

The S&P 500 was up 0.4% in midday trading to 2,186.60.

Tease photo

Wednesday, November 16

GSF Adds Denver Distributor

A unit of Golden State Foods Corp in Irvine created a company to run a food distributor it bought in June.

Tease photo

Hyundai Joins New Waive

Hyundai Motor America Inc. in January will place 150 of its IONIQ EVs in the WaiveCar car-sharing fleet in Los Angeles with an option for 250 more cars in additional cities by the end of 2017.

Tease photo

Hyundai Plans Self-Driving Car

Hyundai Motor America Inc. in Fountain Valley introduced its Autonomous IONIQ concept vehicle at the Los Angeles Auto Show on Wednesday.

Tease photo

Herberts Pledge $5M to Eye Institute

Gavin and Ninetta Herbert will give $5 million to the Gavin Herbert Eye Institute to back retinal research into diseases that include glaucoma, diabetic retinopathy and retinal detachment.

Tease photo

Midday Stock Roundup

The S&P 500 was down 0.3% in midday trading to 2,174.50.

Tease photo

Tuesday, November 15

Emerald Buys Again

Emerald Expositions LLC in San Juan Capistrano bought RFID Journal LIVE event and several regional expos from RFID Journal LLC in Hauppauge, New York on undisclosed terms.

Tease photo

St. Joseph Expands Home Nursing

Providence St. Joseph Health in Irvine plans to expand its home health care services franchise offerings by 50% over the coming year.

Tease photo

Mecum Auction Counts 750 Cars

16,000 attendees are expected at an automobile auction at Anaheim Convention Center this weekend.

Tease photo

BirchStreet Signs Best Western

BirchStreet Systems Inc. signed Best Western Hotels & Resorts hotels in North America to buy from its hospitality services technology platform.

Tease photo

Boeing to Shift 2,500 Jobs From HB

Boeing Co. plans to move 2,500 jobs from Huntington Beach within the next four years, with a fraction staying in Orange County at facilities in Seal Beach and the majority going to El Segundo, Long Beach, St. Louis and Huntsville, Ala.

Tease photo

OCC Foundation Gets $1.2M

The Orange Coast College Foundation received about $1.2 million from the estate of retired faculty member and administrator Jane Hilgendorf, who died in April at age 74.

Tease photo

Midday Stock Roundup

The S&P 500 was up 0.3% in midday trading to 2,170.71.

Tease photo

Too Faced Sells Again: $1.45B

Too Faced Cosmetics LLC in Irvine will sell for the second time in 18 months, with a deal pegged at nearly $1 billion more than last year’s price tag.

Tease photo

Hyundai Owners Get Voice Controls

Hyundai Motor America Inc. in Fountain Valley will work with Amazon.com to offer remote voice-control features on its entire 2017 lineup.

Tease photo

Irvine Software Maker Raises $39M

Irvine-based business software maker Mavenlink Inc. has raised $39 million in a Series D round led by Goldman Sachs.

Tease photo

Monday, November 14

Lawn Device Startup Bought

Blossom, a startup based at The Cove in University Research Park, has been acquired by Marysville, Ohio-based The Scotts Miracle-Gro Company.

Tease photo

Taco Bell Unveils New Logo, Clothing Line

Irvine-based Taco Bell Corp. unveiled a series of new moves Monday: its new flagship restaurant in Las Vegas, a logo refresh, and its debut company-branded clothing.

Tease photo

Exec Shuffle at REIT

Irvine-based HCP Inc. appointed Chief Financial Officer Tom Herzog chief executive and to its board of directors, and Chief Investment Officer Justin Hutchens to the president’s role, effective in January 1, 2017.

Tease photo

Midday Stock Roundup

The S&P 500 was flat in midday trading at 2,164.31.

Tease photo

Masimo Gets Gates Foundation Grant

Masimo Corp. received a $4.95 million grant from Bill & Melinda Gates Foundation in advance of World Pneumonia Day.

Tease photo

All About the Inaugural OC 500

Still need a reason to get over the recent election season?

Cold War Kid

Smile Brands’ Lawyer Success Tracks Back to Roots in Russia

The Cold War shaped the life path of Victoria Harvey in ways she couldn’t have imagined as a child. I

PHILANTHROPY

Irvine Public Schools Foundation celebrated 20 years of impact at the seventh annual Spirit of Excellence Gala and Auction on Oct. 22 at Kia Motors headquarters in Irvine.

ADDENDUM

Other items of interest Orange County Business Journal Vol. 39, No. 46

The Irvine Museum will give the University of California-Irvine its collection of California impressionist paintings, which are valued at about $17 million, UCI said.

‘Service Leadership’ in Santa Ana

How Abbott Medical Optics Bryson Learned to Lean On Team

Craig Bryson, general counsel of Abbott Medical Optics, noted the irony of completing a merger and aquisition transaction.

PHG Plans Hotel Redo in New Orleans

Pacific Hospitality Group plans to renovate its AC Hotel in New Orleans during a six- to eight-month closure.

Team WD

Workload Ranges From Irvine HQ to Silicon Valley, China

Western Digital Corp.’s widespread legal team will head to Northern California this week for their annual global meeting.

Downshift on Sales Gains for Auto Dealers

AUTOS: 1.5% hike for biggest; Karma top automaker for jobs

The 40 largest auto dealers in Orange County combined for $5.3 billion in sales for the 12-month period that ended June 30, a 1.5% increase that marks a significant slowdown from recent years, according to this week’s Business Journal list.

OC Retail Keeps Streak

Biggest Shopping Centers Post 1.7% Increase, Top $8B in Sales

The largest shopping centers in Orange County managed a seventh straight year of growth in taxable sales with a 1.7% gain.

J&J Leads $32M Round for ReVision

ReVision Optics Inc. in Lake Forest raised $32 million in an equity round led by Johnson & Johnson Development Corp. in New Brunswick, N.J.

Windjammer Buys Mass. Manufacturer

Private equity firm Windjammer Capital Investors in Newport Beach acquired on undisclosed terms Advanced Instruments LLC in Norwood, Mass., a 61-year-old company that makes laboratory test equipment used in clinical, food, pharmaceutical and biotech markets in about 90 countries.

Black Belt, Fast Rise

St. John Knits’ Zabat-Fran Brings Varied Background to General Counsel’s Job

Christina Zabat-Fran brought a black belt in taekwondo and an exhibition-quality art portfolio to go with her law degree when she took the job as the in-house counsel at St. John Knits International Inc. in Irvine.

Will Shakeup in Chip Sector Include Microsemi?

TECHNOLOGY: Longtime acquirer likely to draw several bidders

Another big shake-up could play out soon in Orange County’s chip sector, which has lost several local headquarters over the last few years amid a growing appetite for consolidation.

IE Billionaire in Deal For Google Campus in Irvine

REAL ESTATE: Estimated $255M tops for OC office deals since 2012

A billionaire from the Inland Empire has acquired the five-building office campus in Irvine that holds the local operations of Google Inc. and others in what appears to be the largest office deal in Orange County in several years.

Sold on Corporate Lawyering

Young GC Anything But Stock-Still in Retail-Based Career

Libby Stockstill didn’t just join Billabong International Ltd.’s in-house legal team in Irvine—she built one.

Burnham-Ward’s Next Retail Act Set for LB

REAL ESTATE: SOCO developer sees similar potential at Boeing site

The developer behind the South Coast Collection shopping center in Costa Mesa is gearing up to break ground on a hip retail project near Long Beach Airport.

E-Commerce Drives Industrial Demand in OC

Amazon Lease in IBC Leads New Rental Wave

Amazon.com’s recent entry into Orange County’s industrial market is the clearest example yet of the growing role that e-commerce is having on the area’s warehouse and distribution building base.

Office Lease Rates Keep Rising

It’s a landlord’s market due to the low availability rate for offices. Strong employment growth in Orange County continued to be the primary driver of improving fundamentals. Recently, however, employment growth hasn’t translated into positive net absorption, driven by transitory factors that will dissipate over the next several quarters.

Industrial Market Still Landlord’s in Q3

The Orange County industrial market remained tight at the end of the third quarter, which has been the theme for the past 12 to 18 months as vacancy declined. Market conditions remained overly favorable to owners with available space.

Retail Market Holds Its Own

The Orange County retail market’s persistent struggles are lack of space, growing lease rates, and limited development projects. Previous quarters have continued to show gradual improvements in fundamentals, though the region has remained relatively flat since the early years just after the recession.

OCBJ Calendar

Nov. 14-23, 2016

This week's business and other event listings.

HCP Sale Puts REIT Back on Track as Potential Buyer

$1.1 Billion Deal Could Lower Borrowing Costs

CP Inc.’s recent deal to sell $1.1 billion of senior residential properties is a key step in getting the Irvine-based real estate investment trust back on track for acquisitions.

No More Mannequins? Virtual Alternatives Turn Heads

RAJ Swim Goes with Digital Everyday Women

SwimSpot, the retail arm of Tustin-based swimwear manufacturer RAJ Swim, replaced mannequins at its Fashion Island flagship location with 5-foot digital displays showing footage of “real women of all ages, shapes and sizes” in swimsuits and active wear.

Blizzard Puts Spotlight on Existing Games at Fanfest

New Tack on PR Includes Word of e-sports League

Blizzard Entertainment Inc. departed from its standard routine for Blizzcon this year, using the annual fanfest at the Anaheim Convention center to tout upcoming content releases for existing games and plans for a new e-sports league.

Real Estate Deals

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

Grovemont Square, a multi tenant retail shopping center in Santa Ana, was sold for $4.7 million, or about $163 per square foot.

Software Seeks to Smooth Out Product Installations

Velexo Aims to Take Fear Out of Finding Contractor

An Irvine-based company recently released software that it says streamlines the process of picking a contractor to install newly purchased home products.

Invesco’s Aliso Viejo Offices in Line for Battery Boost

Deal With AMS Uses Tesla Batteries to Store Energy

Dallas-based institutional investor Invesco Real Estate is using its office holdings in Aliso Viejo for the initial rollout of a cutting-edge energy storage project that it plans to expand to other parts of its sizable real estate portfolio in the U.S. over the coming years.

Del Taco Seeks Sale-Leaseback on Top Store

DINING: Paid $7.8 million for 2,079-SF property in CM

Lake Forest-based Del Taco Restaurants Inc. is using a real estate sale-and-leaseback tactic to secure the top location in the 550-store fast-food chain.

China-Based Fund Launches Irvine HQ

An investment fund formed by a real estate developer in China has set up headquarters in Irvine and plans to specialize in startup companies in the healthcare sector.

$300M to Device Maker in Settlement

Masimo Corp. will receive $300 million from Koninklijke Philips NV to end their patent disputes.

Friday, November 11

Masimo Gets $5M From Gates Foundation

Masimo Corp. received a $4.95 million grant from Bill & Melinda Gates Foundation in advance of World Pneumonia Day.

Tease photo

Midday Stock Roundup

The S&P 500 was down 0.2% in midday trading to 2,162.60.

Tease photo

Cybersecurity Firm Buys in Texas

Franklin Data in Newport Beach acquired on undisclosed terms Scarab Consulting in Austin, Texas.

Tease photo

Apex Parks’ Al Weber Jr. Dies

Apex Parks Group LLC Chief Executive Al Weber, Jr. died Tuesday, Nov. 8 while on vacation in the British Virgin Islands.

Tease photo

Leadership Role for CSUF President

Mildred García, president of California State University-Fullerton, has been named chair-elect of the board of directors of the American Association of State Colleges and Universities for 2017.

Tease photo

Thursday, November 10

Montage Wants London Locale

Montage Hotels & Resorts in Irvine said it aims to add London to its location list, a U.K. trade journal said.

Tease photo

Del Taco to Add 14 in Phoenix

Del Taco Restaurants Inc. in Lake Forest said two franchisees would open 14 stores in the Phoenix market.

Tease photo

Microsemi Posts Record Sales

Microsemi Corp. in Aliso Viejo reported record sales in its fiscal year, and September quarter revenue and adjusted profits that narrowly topped Wall Street expectations.

Tease photo

Disney Parks’ Growth Slows

The Walt Disney Co. reported lower quarterly revenue and operating income, though its Parks and Resorts segment—which includes Disneyland Resort in Anaheim—was a brighter spot than most other divisions.

Tease photo

ReVision Raises $32M

ReVision Optics Inc. in Lake Forest raised $32 million in an equity round led by Johnson & Johnson Development Corp. in New Brunswick, N.J.

Tease photo

Long Beach Airport FBO Sale Closes

Ross Aviation in Denver closed its purchase of the AirFlite fixed-base operator at Long Beach Airport.

Tease photo

Midday Stock Roundup

The S&P 500 was up 0.4% in midday trading to 2,172.52.

Tease photo

Wednesday, November 9

Midday Stock Roundup

The S&P 500 was up 0.8% in midday trading to 2,157.79.

Tease photo

Tuesday, November 8

Windjammer Gets Lab Gear Maker

Windjammer Capital Investors in Newport Beach acquired on undisclosed terms Advanced Instruments, LLC in Norwood, Mass.

Tease photo

Midday Stock Roundup

The S&P 500 was up 0.5% in midday trading to 2,142.80.

Tease photo

Solar Servicer Buys in Berkeley

MaxGen Energy Services LLC in Costa Mesa has acquired on undisclosed terms the commercial services unit of Next Phase Solar Inc. in Berkeley.

Tease photo

Monday, November 7

Midday Stock Roundup

The S&P 500 was up 2% to 2,127.50.

Tease photo

Masimo in $300M Patent Settlement

Masimo Corp. will receive $300 million in this fiscal quarter from Koninklijke Philips NV to end their patent disputes.

Tease photo

PHG Plans New Orleans AC Hotel Fix

Pacific Hospitality Group plans to renovate its AC Hotel in New Orleans during a closure that will last six to eight months, a local news report said.

Tease photo

Blizzard to Start eSports League

Irvine-based Blizzard Entertainment Inc. plans to establish a professional esports league for Overwatch, its team-based shooter game that attracts some 20 million players.

Tease photo

Willdan Names Three Senior Execs

Willdan Group Inc. in Anaheim named Thomas Brisbin chairman to succeed Win Westfall who remains on the board.

Tease photo

Ralph’s Allumbaugh: OC Civic Leader, Newport Beach Resident

Byron Allumbaugh, a longtime chief executive and chairman of Ralphs Grocery Co. who counted deep ties to Orange County’s business community, passed away over the Oct. 29 weekend. He was 84.

Irvine Chipmaker Bought for $275M

Inphi Corp. in Santa Clara agreed to buy ClariPhy Communications Inc. in Irvine for $275 million, plus debt.

Changes at the New Ritz a Charm This Time Around?

Some Welcome Switch Following First Year

My readers know by now that I don’t do hatchet jobs on restaurants. My husband and I spend a lot of money trying out restaurants that you never hear about in these columns.

Second MemorialCare Investment Fund Well on Way

Health System Plans Exit on First Effort

There are at least two big healthcare innovation efforts in town—or three, at least until one of them shuts down.

Karma Revero Takes Cross-Country Spin to Woo Buyers

2017 Model Debut Car Of Revived OC Automaker

Karma Automotive LLC in Costa Mesa is taking its 2017 Revero on a Driven by Intention tour, giving prospective owners a chance to experience the $130,000 sports car.

OCBJ Calendar

Nov. 7-16, 2016

This week's business and other event listings.

The Year in Luxury: Biggest OC Price Tags So Far

Over 150 Homes Go For More Than $5M So Far

2016 has been a strong year for luxury home sales in Orange County.

Computer Products Maker Shows Off Expanded HQ

Showroom, Training Area Featured in Foothill Ranch

The Business Journal got a sneak peek at Iogear’s new 70,000-square-foot digs at Irvine Spectrum, which are outfitted with a product showroom and training space created to drum up more business for its network of resellers and distributors.

ADDENDUM

Other items of interest Orange County Business Journal Vol. 39, No. 44

AutoGravity Corp. in Irvine signed Fletcher Jones dealerships in five markets to its mobile application-based car sales and financing venture.

Q&A

Fintech, short for financial technology, has been one of the most watched developments in the industry in the past few years. Founders, bankers and customers have said a lot about it: It’s disruptive to incumbent financial corporations, an alternative way to lend, and a new way to reach clients and conduct transactions.

Real Estate Deals

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

A mixed-use retail and medical office property in Santa Ana was sold for $16.7 million, or about $215 per square foot.

3 Additions to OCBJ Newsroom

A trio of newcomers have arrived in the Orange County Business Journal’s newsroom, including a reporter who will cover the vibrant healthcare industry here, which ranges from hospitals and insurers to makers of drugs medical devices.

Insurance-Based Startup Takes in $700,000 More

Its Social Media Software Aimed for Insurance Execs

A developer of an automated social media marketing service has secured a second round of funding, this time for $700,000.

Amerige Heights Rentals in Fullerton Sell for $115M

TA Realty-Led Fund Buys 292-Unit Amerige Pointe

Amerige Pointe, one of the largest apartment complexes in Fullerton, has a new owner.

Healthcare Provider Gets $38M

ConcertoHealth in Irvine raised $30 million from current investors in a round co-led by Arboretum Ventures in Ann Arbor, Mich., and Deerfield Management Company LP in New York.

Auto Sales App Signs Fletcher Jones

AutoGravity Corp. in Irvine signed Fletcher Jones dealerships in five markets to its mobile application-based car sales and financing venture.

GCs Feted at Business Journal Event

About 400 people gathered at the Business Journal’s seventh annual General Counsel Awards festivities on Wednesday at Hotel Irvine.

Anaheim Gets Int’l Weightlifting Event

Anaheim will host the International Weightlifting Federation World Championships Nov. 28 to Dec. 5, 2017 after Penang, Malaysia, backed out of the role.

Yamaha Shifts Gears for Trip to L.A. Auto Show

MARKETING: To set up shop in section dubbed ‘Garage’

Yamaha Motor Corp. USA will bring just about everything but automobiles to the upcoming Los Angeles Auto Show.

Kaiser Commits to CT’s Healthcare Campus in AV

REAL ESTATE: 40,000-SF office part of $250M project

CT Realty Investors has added another notable name to the lineup of companies preparing to occupy space at the 25.6-acre healthcare campus it’s developing in Aliso Viejo.

Post-Election Report: Plenty to Like Here; Katz’s Canadian Youth

The draining presidential campaign ends this week—time for anyone who got caught up in the back-and-forth to disengage from all the disputation and negativity.

99 Ranch Backs Up Expansion Plan With Big Buy in Buena Park

REAL ESTATE: Asian-themed grocer gets Georgia-Pacific plant

The owner of Asian-themed grocery store chain 99 Ranch Market has bought a large distribution facility next to its headquarters in Buena Park in one of the priciest industrial sales in Orange County this year.

HB Media Buyer Gains Steam With Analytics

MARKETING: Expects billings to Jump to $500 million this year

Ocean Media appears to have found a course through the choppy seas of change.

Inside Amazon

E-Tail Giant Continues Content Push at Game Studio in Spectrum

In-house game developers on one team.

Commercial Banks Grow Assets 39% to $34 Billion

Top Five Unchanged; Profits Up 31% to $138M

Orange County-based commercial banks continued strong year-over-year growth as they increased assets 39% to about $33.5 billion for the year ended June 30.

Credit Unions Grow Assets 8% to $19.4 Billion

Struggle on Profits, With 1% Dip to $73 Million

It’s been a mixed year for Orange County’s credit unions as they grew assets by about 7.8% to $19.4 billion for the year ended June 30 while combining for a 1.3% decline in net income to about $73.4 million for the first six months of 2016.

All Kinds of Incubators

Variety Feeds OC’s Startup Ecosystem

What’s the best place for a startup that serves other startups?

Friday, November 4

Willdan Names Three Senior Execs

Willdan Group Inc. in Anaheim named Thomas Brisbin as chairman to succeed Win Westfall who remains on the board.

Tease photo

Midday Stock Roundup

The S&P 500 was up 0.4% in midday trading to 2,097.84.

Tease photo

Thursday, November 3

Hospital Software Maker Sold

Aya Healthcare, a San Diego-based provider of travel nursing and hospital workforce solutions, announced Nov. 1 it has acquired HealthCare Select, a vendor-neutral software company headquartered in Dana Point. Terms were not disclosed.

Tease photo

Microsemi Explores Sale

Microsemi Corp. in Aliso Viejo hired Bank of Montreal to find potential buyers for the company after Skyworks Solutions Inc., in Woburn, Mass., expressed interest in buying the company, according to a news report.

Tease photo

Midday Stock Roundup

The S&P 500 was down 0.2% in midday trading to 2,093.64.

Tease photo

5 Honored at General Counsel Awards

Some 400 attendees gathered at the Business Journal’s 2016 seventh annual General Counsel Awards festivities on Wednesday evening at the Hotel Irvine.

Tease photo

Wednesday, November 2

Helicopter Operator Adds JWA Space

Revolution Aviation in Newport Beach has nearly doubled its space to store the company's aircraft at John Wayne Airport.

Tease photo

Auto Sales App Signs Fletcher Jones

AutoGravity Corp. in Irvine signed Fletcher Jones dealerships in five markets to its mobile application-based car sales and financing venture.

Tease photo

HCP to Sell 64 Properties for $1.1B

Irvine-based HCP Inc. has agreed to sell a portfolio of 64 properties leased to Brookdale Senior Living Inc. for $1.1 billion to affiliates of Blackstone Group in New York.

Tease photo

New Chief for HVAC Provider

Source Refrigeration & HVAC in Anaheim named Adam Coffey president and chief executive.

Tease photo

Irvine Chipmaker Sold for $275M

Inphi Corp. in Santa Clara agreed to buy ClariPhy Communications, Inc. in Irvine for $275 million plus debt.

Tease photo

Midday Stock Roundup

The S&P 500 was down 0.6% in midday trading to 2,099.18.

Tease photo

Bank Shareholder Seeks Investigation

A major shareholder of Irvine-based Banc of California wants it to hire an independent firm to investigate possible connections with Jason Galanis, who pleaded guilty to securities fraud involving a separate company earlier this year.

Tease photo

KOCE to Add Paid Streaming

PBS SoCal KOCE in Costa Mesa plans to add a paid streaming service called to kick-off its 45th anniversary.

Tease photo

Tuesday, November 1

Medical Services Firm Gets $30M

ConcertoHealth in Irvine raised $30 million from current investors in a round co-led by Arboretum Ventures in Ann Arbor, Mich., and Deerfield Management Company LP in New York.

Tease photo

Automakers’ October Sales Mixed

Three out of four Orange County-based automakers beat the national sales pace on new-vehicle sales in October, according to New Jersey-based market researcher Autodata Corp.

Tease photo

Quiksilver Adds to Board

Quiksilver Inc. in Huntington Beach added the former chief executive of Danone to its board of directors.

Tease photo

Midday Stock Roundup

The S&P 500 was down 1.1% in midday trading to 2,103.86.

Tease photo