Stories for September 2017

Friday, September 29

Biolase Seeks $12M

Biolase Inc. plans to raise up to $12 million with a rights offering to current shareholders.

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Smart Camera Co. Gets $5.4M

Opkix Inc. in Costa Mesa said it raised $5.4 million in Series A funding, and it now has a value of $90 million.

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Midday Stock Roundup

The S&P 500 was 0.3% higher in midday trading to 2,517.02.

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PHG Sells Bacara

Irvine-based Pacific Hospitality Group has sold of one of its high-end hotel properties, Bacara Resort & Spa in Santa Barbara County.

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CalAmp Up on Earnings

Shares of CalAmp Corp. (Nasdaq: CAMP), an Irvine-based maker of Internet-connected products, rose as much as 9.3% after reporting fiscal second-quarter revenue that topped analyst estimates.

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Thursday, September 28

Long Beach Airport August Traffic Up

Long Beach Airport said August commercial passenger traffic rose 16% to about 316,000, compared with the same period last year.

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Spectrum Marriott Names GM

Chris Harrison will be general manager of the Marriott Irvine Spectrum, which opens in December.

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Midday Stock Roundup

The S&P 500 rose 0.1% in midday trading to 2,509.69.

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$20 million gift to Chapman

Chapman University said a $20 million gift from the Los Angeles-based W. M. Keck Foundation will name a future science building at its main campus in Orange as the Keck Center for Science and Engineering.

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MeriCal to Buy Utah Supplement Maker

Anaheim-based MeriCal LLC, which makes probiotics and other dietary supplements, will acquire Global Health Industries in Ogden, Utah.

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Ensign Beefs Up Nevada Business

Ensign Group Inc. in Mission Viejo acquired Comfort Hospice Care, a hospice provider serving Las Vegas, Pahrump and surrounding communities in Southern Nevada.

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Wednesday, September 27

Midday Stock Roundup

The S&P 500 rose 0.3% in midday trading to 2,504.53.

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American Vanguard Buys Non-Crop Co.

AMVAC Chemical Corp., a subsidiary of American Vanguard Corp. in Newport Beach, bought OHP Inc. in Mainland, Pa., on undisclosed terms.

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Tuesday, September 26

ASICS Replaces Creative Agency

ASICS Corp., the parent of Irvine-based ASICS America Corp., selected Saatchi & Saatchi as its global creative agency.

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Sabra Lays Out Strategy for 2018

Irvine-based Sabra Health Care REIT Inc. released growth strategy for next year following lukewarm investor reception to its decision to acquire Care Capital Properties Inc.

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Midday Stock Roundup

The S&P 500 was flat in midday trading at 2,497.66.

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Monday, September 25

Midday Stock Roundup

The S&P 500 was down 0.3% in midday trading to 2,494.40.

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Strathspey Buys Back Doctor Social Media Platform

Platform Lets Practitioners Rate Products They Use

Alphaeon Corp., which told the Business Journal in May that it’s now a neurotoxin research and development company, isn’t done with restructuring.

Engineering Firms’ Local Billings Increase 6.2%

AECOM, Arcadis, Jacobs Experience Good Years

Orange County’s top engineering firms reported a 6.2% rise in OC billings to $1.6 billion.

Architecture Firms Finding Work Outside of OC

Firmwide Billings Climb At Faster Pace than Local

Orange County’s architecture firms reported they’re growing their business faster outside the county.

$18B: Gang of Six Outbids WD for Toshiba Chip Unit

TECHNOLOGY: Bidders include OC storage king Kingston

Kingston Technology Inc. has quietly joined forces with a consortium of global giants aiming to buy Toshiba Corp.’s flash memory business for $18 billion

Disruptive Innovation

‘Let’s Do It:’ The Redoubtable Joe Kiani Builds Medical-Device Power

People telling the Masimo Corp. story like to compare it to David and Goliath, the surprising victory of a shepherd boy defeating a nine-foot giant—aka a “garage startup” victor over larger device companies. Except, to Chief Executive and Chairman Joe Kiani, there’s nothing surprising about the company’s success.

Willdan Designs Smart Electrical Grid of the Future

ENGINEERING: Firm targets 20% annual growth

Thomas Brisbin knows first-hand the agony and thrill of a roller coaster ride on Wall Street.

Feds Look to Seize Irvine Building Amid Metals Probe

REAL ESTATE: Complaint follows Business Journal report

One of the most prominent industrial buildings in the area around John Wayne Airport, the 2323 Main St. building in Irvine, now has a for-lease sign up after years of turning away potential tenants.

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Evolution of Samuelis’ Record Gift to UCI

$200M to Propel Integrative-Health Approach

When Henry and Susan Samueli first started their foundation in Corona del Mar in 1998, integrative health was one of the two areas of focus.

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OCBJ Calendar

Sept. 25-Oct. 4, 2017

This week's business and other event listings.

Stats Show Communities as Buyer or Seller’s Markets

More Buyer-Slanted Markets in Index

Five years into the real estate recovery, Orange County’s luxury market has been consistently strong.

Saving Lives With Standardization

His Program to Be Spread to 50 Hospitals

Sepsis is the overreaction of the body’s response to infection.

Fix in a Creative Package

Parcel Pending Puts Power in Apartment Residents’ Hands

The simple act of asking Irvine Co. property managers a common question—What is your biggest problem?

Ahead of the Curve

Retail Developer Foresaw Shift From Consumption to Connection

Shaheen Sadeghi’s a developer with a knack for envisioning gathering spots that inspire community pride and appear resilient to challenges plaguing bricks-and-mortar retail.

Free to Innovate

Tech Manufacturing Founder Found His Spot After Flight from Vietnam

A two-year push in software development at Virtium Technology in Rancho Santa Margarita has led to a product offering designed to ease storage and transfer of huge data files in industrial networks.

Real Estate Deals

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

Lynne My Tran sold the 38-unit Villa del Oro Apartments in Santa Ana to Stonewood Property Management for $8.2 million, or $214,474 per unit.

Adroit at Tracking Inventory, Big-Name Investors

Aliso Viejo Co. Serves Retailers, Their Customers

An Aliso Viejo-based company that created an inventory tracking tool for retail stores closed a $2 million seed round.

Essex Sells Mission Viejo Rentals, Sounds OC Alarm

$83M Sale of Madrid To 2nd San Mateo Investor

Two San Mateo-based apartment investors have swapped ownership of a big rental complex in Mission Viejo: 230-unit Madrid on Los Alisos Boulevard, just south of the 241 Toll Road.

Kia Stinger Race Revs Up Play for ‘Young at Heart’

Supermodel Wins As Fashion Week Unfolds

Kia Motors America Inc. set up “a fully functioning race track” in New York to host its Stinger Runway racing event this month.

Bill Would Standardize Government IoT Security

At Least One Exec Says It Doesn’t Go Far Enough

A recently introduced U.S. Senate bill that’s garnered bipartisan support is one of the first to address the Internet of Things, a booming segment entangled throughout industrial networks, consumer electronics and government infrastructure, among other applications.

A Piece of the Action

Mark Mueller’s P1 story “Aluminum” illustrates how a great reporter—who fairly exclusively writes exclusives—broke his latest.

SecureAuth Merger Grows Cyber Cluster

TECHNOLOGY: Name, HQ stay; Vinny keeps winning

Software security maker SecureAuth Corp., one of the closely watched companies in Orange County’s developing cybersecurity hub, has agreed to a $200 million sale to El Segundo-based private equity firm K1 Investment Management.

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Concierge Key Health Launches Beta App Oct. 1

HEALTHCARE: Memberships in 12 cities, Afable on board

The idea behind Concierge Key Health is that consumers willing to pay extra will get certain privileges, including a more personalized, pleasant visit and fast-tracked access to physician specialists, urgent care clinics and hospitals.

LA Towers Fetch $441M for NB Sellers

REAL ESTATE: AT&T site in Pasadena; DTLA KBS tower

Newport Beach real estate investors Saunders Property Co. and KBS Realty Advisors are cashing out of a pair of office towers in Los Angeles County to the tune of $441.5 million.

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Friday, September 22

Midday Stock Roundup

The S&P 500 was down 0.1% in midday trading to 2,499.38.

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Thursday, September 21

Mitsubishi Names Ad Agency

Mitsubishi Motors North America Inc. hired Butler, Shine, Stern & Partners as its advertising agency of record.

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JWA August Traffic Flat

John Wayne Airport passenger traffic in August ticked down 0.2% compared with the same month last year.

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$260M Laguna Hills Mall Project Stalled

Redevelopment of Five Lagunas, one of the largest retail projects underway in the region, has halted.

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Midday Stock Roundup

The S&P 500 was down 0.1% in midday trading to 2,504.78.

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Wednesday, September 20

United Collective Taps New #2

United Collective in Huntington Beach hired Kristin Jackson as chief financial officer and chief operating officer, a new position.

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Hyundai Connects With AutoGravity App

Hyundai Capital America, with operations in Newport Beach and Irvine, joined the AutoGravity car shopping and financing platform.

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Midday Stock Roundup

The S&P 500 was flat in midday trading to 2,506.27.

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Tuesday, September 19

Midday Stock Roundup

The S&P 500 rose 0.1% in midday trading to 2,506.90.

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Monday, September 18

Hyundai Appoints US Head

Hyundai Motor America Inc. named Kyung Soo Lee president and chief executive, effective today.

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Metal Processor Buys Division

All Metals Processing of Orange County LLC acquired Triumph Processing-Embee Division Inc. from its parent, Berwyn, Pa.-based Triumph Group Inc., on undisclosed terms.

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Samuelis Give UCI $200M for Health

The University of California-Irvine received a $200 million gift from Henry and Susan Samueli, Chancellor Howard Gillman calling it one of the largest donations made to a public university.

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Midday Stock Roundup

The S&P 500 was up 0.2% in midday trading to 2,505.68.

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Sonendo Raises $50M

Sonendo Inc. in Laguna Hills raised $50 million in a growth investment round by New York private equity firm General Atlantic.

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Aerospace Manufacturer Closes $60M Buy

Santa Ana-based aerospace manufacturer Ducommun Inc. closed its $60 million strategic, cash buy of LS Holdings Company LLC.

$106M for Largest La Palma Office Complex

Greenlaw, Westbrook JV Buy 10-Building Campus

Centerpointe La Palma, the largest office complex in North Orange County, has traded hands in a $106.1 million deal.

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Olen Adds 9-Story NB Tower

3rd Big Office Sale in City Since August

Olen Properties Corp. has added a prominent office tower in its hometown of Newport Beach to its growing real estate portfolio.

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OCBJ Calendar

Sept. 18-Sept. 27, 2017

This week's business and other event listings.

Doctor Develops Newport Medical Office Project

HEALTHCARE: Sector trends mean fewer offices than planned

Interventional cardiologist Emanuel Shaoulian, founder of Pacific Coast Cardiology & Research treatment center and Pacific Coast Imaging in Newport Beach, calls his long-planned development project his “baby.”

Yamaha Motor to Sell Electric Bikes

Yamaha Motor Corp. USA said it plans to enter the U.S. electric bicycle market next year.

$8M Grant to Fund Spinal Cord Project

The University of California-Irvine said the National Science Foundation awarded $8 million to a UCI-led consortium to develop a system that can restore walking ability and sensation in individuals with spinal cord injuries.

Innovators Lauded by Business Journal

About 400 people celebrated creativity at the Business Journal’s third annual Innovator of the Year Awards luncheon at Hotel Irvine on Sept. 12.

PHILANTHROPY

The 2017 Hoag Summer Classic, hosted by the Hoag Hospital Foundation and its 552 Club, was a sold-out event with more than 1,400 guests at the Newport Dunes Resort in Newport Beach.

New Boss Poised to Rev Up Sales at DealerSocket

AUTOMOTIVE: Investor move also raises a question

Sejal Pietrzak may be a newcomer to the staff at DealerSocket Inc. in San Clemente, but the private equity firm that owns the software-as-a-service company knows her well—the new president and chief executive was part of the management team at ACTIVE Network in Dallas, which Vista Equity Partners agreed to sell last month to Global Payments Inc. for $1.2 billion.

Irvine Firm Lands Win-Win for Global Growth Push

EDUCATION: Collegewise accesses deep pockets in Asia

A business trip to Asia yielded an opportunity for Irvine-based Collegewise to fulfill its goal of global expansion.

Aerie Eyes US, European Approval for Eye Drugs

Recent Hires Ramp Up Its Sales, Marketing

Glaucoma drug developer Aerie Pharmaceuticals Inc. hopes for Food and Drug Administration approval by next year for its two advanced-stage drug candidates.

Bren Adds Clout to Irvine Amazon Bid

City’s Proposal Not On Top of Pundits’ Lists

At first glance, Irvine’s attempt to woo Amazon for the e-commerce giant’s second headquarters carries about the same long odds as Larry Agran’s quixotic presidential bid in 1992.

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Building Blocks

Convention Center Space Spurs Business Bump

The 200,000-square-foot expansion of Anaheim Convention Center that opens Sept. 26 is the result of three to five years of wrangling, funding and construction—and the biggest new effort of several the area will get stretching forward another three to five.

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Downey’s Flying High Again After C&D Aerospace

AEROSPACE: EnCore Group ‘has that same flavor’

The seat-manufacturing unit of Huntington Beach-based EnCore Group has lined up three launch customers as it awaits clearance for one of the toughest certification approvals in aviation.

What a Difference a Year Makes at Agency Rauxa

MARKETING: New clients, innovations help double sales

Rauxa is rising. The Costa Mesa-based tech-driven marketing agency—reporting a 90% jump in revenue over 2015—debuted at No. 5 on this year’s Business Journal list of the fastest-growing large private companies in Orange County. Quite the leap, especially for an 18-year-old company.

Private Cos. Grow 2-Year Sales 90%, Top $19B

This Year’s Ranks Led by the ‘Big As’ Grew Jobs 30%

In life, in lists, it’s rough to do apples-to-apples comparisons. In culling our weekly lists of every business silo and subsilo, of firms of all ownership forms and makeups, we have several goals: to compile as comprehensive and accurate a roster as possible; to produce features on the best and the brazen; and to analyze beyond a comparison of numbers. As an editor wrote one sentence ago, “It’s very difficult to do apples-to-apples comparisons.”

Regulators to Innovators

Irvine Co. debuted the 21-story 400 Spectrum Center Wednesday.

KBS Realty Looks to Asia for Latest REIT

REAL ESTATE: SGX offering would follow Tel Aviv debt

KBS Realty Advisors appears to be going out-of-country again to raise money for a new real estate fund.

Now CynergisTek, Auxilio HQ to Texas

HEALTHCARE: Will focus growth on Austin and cyber

Document services provider Auxilio Inc. grew rapidly this year.

Toshiba Unit Slides Into Ducks Document Deal

Arena, Other Facilities To Hum With Printers

Irvine-based Toshiba America Business Solutions Inc. has been named the official document solutions provider for the Anaheim Ducks.

IRWD Sells Serrano Summit, Keeps Anaheim Rentals

Says Bascom Bid Of $131M Far Off Mark

This month’s sale of the 82-acre Serrano Summit development site in Lake Forest is the most expensive reported land sale in Orange County this year.

Allergan: Even Pro Athletes Worry About Wrinkles

Deion Sanders Signs On As Botox Ambassador

Deion Sanders, the only athlete to play in both the Super Bowl and the World Series, will serve as a brand ambassador for BOTOX Cosmetic, according to Allergan PLC.

Alorica Edges Allied for Fastest Large Co. Growth

CEO Explains Key To 100K Workers, $2.4B in Sales

Andy Lee didn’t like a customer service experience and decided to do something about it.

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Former Broadcom Duo Looks to Cash in on 5G

Sibling Team Launches Co.; Solid Funding Backs Them

Siblings Maryam Rofougaran and Reza Rofougaran are back with another startup.

Business Bites

Other items of interest Orange County Business Journal Vol. 40, No. 38

Chapman University said its Dale E. Fowler School of Law received a $1.125 million gift from Newport Beach-based personal injury law firm Bergener Mirejovsky APC to fund a scholarship for law school students for six years, among other efforts.

Real Estate Deals

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

Wohl Investment Co. sold Newport 17th Plaza, a neighborhood retail center, in Costa Mesa to Ezzat Wassef for $8.3 million, or $483 per square foot.

Friday, September 15

Green Grant to PBS SoCal

Costa Mesa-based PBS SoCal KOCE is one of five public stations that’s been awarded a grant by Washington, D.C.-based The Corporation for Public Broadcasting.

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Midday Stock Roundup

The S&P 500 was up 0.1% in midday trading to 2,497.45.

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Unemployment Remains 4.2%

Orange County’s unadjusted unemployment rate was 4.2% in August, unchanged from July and below the 4.3% reported for the same period last year, the state Employment Development Department said.

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Thursday, September 14

UCI Gets Another $1M

The University of California-Irvine announced today that it received a second $1 million gift from the estate of Christian Werner, the late professor emeritus of geography and former dean of the School of Social Sciences.

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Midday Stock Roundup

The S&P 500 was down 0.1% in midday trading to 2,496.33.

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Wednesday, September 13

Chapman Law gets $1.1M

Chapman University said today its Dale E. Fowler School of Law received a $1.125 million gift from Newport Beach-based law firm, Bergener Mirejovsky APC.

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UCI Gets Most of $8M Grant

University of California-Irvine said today the National Science Foundation awarded $8 million to a UCI-led consortium to develop a system that can restore walking ability and sensation in individuals with spinal cord injuries.

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Lazy Dog to Sacramento

Lazy Dog Restaurant & Bar will open two locations in the Sacramento market.

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Moorad to Run Law Firm’s Sports Practice

Sports agent and attorney Jeff Moorad has been named chairman of Morgan, Lewis & Bockius LLP’s new global sports business.

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Midday Stock Roundup

The S&P 500 was flat in midday trading at 2,496.06.

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Tuesday, September 12

Jannard Partners Up in ‘Disruptive’ Smartphone Venture

Red Digital Cinema Camera Co. in Irvine said its upcoming smartphone will be developed in partnership with Menlo Park-based Leia Inc.

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Yamaha Will Peddle eBikes Here

Yamaha Motor Corp. USA said it plans to enter the U.S. electric bicycle market in 2018.

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Khanna Sells Venice Hotel

Khanna Enterprises Ltd. in Irvine sold the 12-story, 250-room Custom Hotel in the Westchester area of Los Angeles for more than $40 million, or at least $160,000 per room.

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Business Journal Honors OC Innovators

Around 400 people praised creativity at the Business Journal’s Third Annual Innovator of the Year Awards luncheon at Hotel Irvine on Tuesday.

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Midday Stock Roundup

The S&P 500 was up 0.3% in midday trading to 2,495.03.

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Monday, September 11

Peregrine Gives Back Some Gains

Shares in Peregrine Pharmaceuticals Inc. in Tustin rose 12% in intraday trading Monday and rose another 4% after hours on a nearly four-fold increase in revenue and a sharply lower quarterly loss; trading volume on the day was three times its 90-day average. In Tuesday midday trading the drugmaker gave back some of those gains.

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Ducommun Closes HB Buy

Santa Ana-based aerospace manufacturer Ducommun Inc. closed its $60 million cash buy of LS Holdings Company LLC, the company said today.

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Midday Stock Roundup

Markets were higher in midday trading as fears eased on the impact of Hurricane Irma and North Korea’s threat of weekend missile tests.

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Irvine Co. Making Serious Push for Amazon HQ2

The Irvine Co. said it’s making a serious push to bring Amazon to Irvine for the e-commerce giant’s second headquarters, and has enlisted its former No. 2 executive to lead the project.

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Nitrogen Ice Cream Gets Second Scoop

FRANCHISING: Cauldron tests OC food trend’s appetite

A quick Yelp search reveals more than a dozen nitrogen-infused ice cream outlets across Orange County, from Laguna Niguel and Mission Viejo, through Irvine, and into Anaheim, Garden Grove, Fountain Valley and Tustin.

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Anaheim Tourism, Spending Up YTD

Visit Anaheim said 12.1 million travelers to the city have spent $4.2 billion in Orange County year-to-date, an increase of about 10% for each number, and have spent of about $347 per person.

School Introduces Cybersecurity Master’s

Webster University in Irvine will offer a master’s degree program in cybersecurity starting in late October.

BJ’s Heads to SC Capital in Expansion

BJ’s Restaurants Inc. added a location in Columbia, S.C., its first in the state and eighth new restaurant this year.

Former Exec Sues Bank Over Parting

Jeffrey T. Seabold, who was involved in a controversial transaction while with Banc of California Inc., left the Santa Ana-based bank and is suing it for wrongful termination.

Lake Forest Land Sells for $177M

Serrano Site to Lennar; LandSea Sells Some Land to KB Home

Two of the largest residential development sites in Lake Forest have changed hands within a few days of each other in a pair of land transactions valued at nearly $177 million combined.

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Inklocker Dresses Up Downtown Disney

It’s the Company’s First Business-to-Consumer Play

Print a custom T-shirt, on demand, in five minutes.

Medical Device Startup Plans Ultra-Lean Operation

Laser Associated Doesn’t Plan Additional Raise

Medical device startup Laser Associated Sciences hopes to commercialize its patient monitoring device while staying lean on capital.

AiVita Boosts Beauty Arm With New Product Launch

HEALTHCARE: Proceeds will support cancer research

Stem cell researcher and entrepreneur Hans Keirstead is jazzing up AiVita Biomedical Inc.’s new consumer skin care product launch with a social media strategy and a new product, Root of Skin, which joins skin-care product Provoque, currently sold through authorized physicians.

RSI Adds to Texas Pipeline, Gets OK for 1,500 Homes

Plans 35 Communities In SoCal, Texas This Year

Newport Beach-based RSI Communities LLC has added another large development site in Texas to its growing homebuilding portfolio.

Medical Device Makers Grow Employment 8.1%

HEALTHCARE: 39 biggest add over 1,500 workers in strong sector

Medical device makers with operations in Orange County added 1,560 employees over the 12 months ended July 30, for a growth rate of 8.1%, according to Business Journal research.

Real Estate Deals

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

Lanco Exchange Inc. sold a retail building in Fullerton to Kim & Co. CPA for $2.7 million, or $563 per square foot.

Medical Wearables Converge With Consumer Products

Patient-Centered Approach Drives Mobility Surge

Last year’s wearable-technology market was valued at just over $13.2 billion, according to healthcare research firm Kalorama Information, a division of Market Research Group LLC in Rockville, Md. That’s projected to triple by 2020.

OCBJ Calendar

Sept. 11-Sept. 20, 2017

This week's business and other event listings.

Business Bites

Other items of interest Orange County Business Journal Vol. 40, No. 37

The local units of Cedar Rapids, Iowa-based Rockwell Collins Inc. could be in line for another shakeup following its planned $30 billion sale to Conn.-based United Technologies Corp.

Go Big Mike

Wise guys say Amazon could be the first $1 trillion company. It could. It’s put out giant retailers and mom-and-pop Seattle grocers (free bananas).

Tilly’s Works Top, Bottom In ‘Difficult Environment’

RETAIL: Making ‘shopping experience fun,’ other strategies

A dragon’s roar disrupted the quiet hallway in front of the Tilly’s Inc. store at the Ontario Mills outlet mall last week, startling some shoppers and prompting others to take a closer look.

Palmer Luckey Takes to Twitter About Possible Buy

Says He’s Considering Picking Up Headset Maker

Is Palmer Luckey seriously contemplating a bid for virtual reality headset maker HTC Vive?

Karma Angles for Natural Connection in Eclipse Shoot

Multicity Video Celebrates ‘Ethos’ to ‘Lean on’ Nature

Karma Automotive LLC in Irvine marked last month’s solar eclipse with a multicity video shoot.

Premier Takes Over ROC-y Office Spaces

No Stranger to Co-Working Scene

When Newport Beach-based Real Office Centers couldn’t pay the rent for several of its Orange County co-working spaces, its landlord, Irvine Co. was faced with two options: evict ROC and all of its sublessees or find another co-working company to provide a seamless transition.

Profiting on Hurricanes

Prescient Report on Generac

On Aug. 11, Tom Ronk’s algorithm generated a report on Generac Holdings Inc. (NYSE: GNRC), a maker of power generation equipment often sought after natural disasters.

Snapshot Stats Show Sizzling Summer of Sales

Data Indicate High-End Market Still Hot in OC

Summer is winding to a close. School has started up again, colleges have opened their doors to welcome students, and toy marketing gurus are putting the final touches on their holiday advertising campaigns.

Chronicling the Slide of Acacia

TECHNOLOGY: Patent enforcement ‘not what it used to be’

Acacia Research Corp.’s prolonged downward spiral on Wall Street has been propelled by recent changes in intellectual property rights and litigation.

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Beer Mecca: ‘Brewing District’ Eyed in Anaheim

120-Room Hotel Also on Tap, 92,000 SF of Retail

A Los Angeles-based developer wants to turn a roughly 13-acre site near the Anaheim resort district into a Disneyland of sorts, for beer lovers.

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An Algorithm Built in a Corona del Mar Garage

FINANCE: Tom Ronk’s firm seeks $100 million

Wanted: $50 million to $100 million for two guys working out of a garage in Corona del Mar.

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OC-Based Drugmakers Increase Employment 3%

Allergan Still No. 1; Dendreon Joins List

The biggest drugmakers with headquarters or significant operations in Orange County employed 2,861 here at the close of the year ended July 30, up nearly 3% from a year earlier.

Friday, September 8

Irvine Co. Making Serious Push for Amazon HQ2

The Irvine Co. said it’s making a serious push to bring Amazon to Irvine for the e-commerce giant’s second headquarters, and has enlisted its former No. 2 executive to lead the project.

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Midday Stock Roundup

The S&P 500 was down 0.1% in midday trading to 2,463.33.

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J&J Vision Buys Dry Eye Platform

Santa Ana-based Johnson & Johnson Vision completed its acquisition of TearScience Inc. in Morrisville, N.C. Financial terms weren’t disclosed.

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Thursday, September 7

Advantage Buys in Fla.

Irvine-based Advantage Solutions acquired Data Council in Jacksonville, Fla., on undisclosed terms.

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Providence St. Joseph Names New Leaders

Renton, Wash.-based Providence St. Joseph Health named Erik Wexler, chief executive of the Providence Health & Services Los Angeles Region, as new head of three counties: Los Angeles, Orange and San Bernardino, effective immediately.

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Midday Stock Roundup

The S&P 500 fell 0.1% in midday trading to 2,462.25.

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Wednesday, September 6

Webster U. Starts Cybersecurity Degree

Webster University in Irvine will offer a Master’s in cybersecurity starting in late October.

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Former Exec Sues Banc of California

Jeffrey T. Seabold, who was involved in a controversial transaction while with Banc of California Inc. (NYSE: BANC), has left the Santa Ana-based bank and is suing it for wrongful termination.

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BJ’s Enters S.C., to add Mich.

BJ’s Restaurants Inc. added a location in Columbia, S.C., its first in the state and eighth new restaurant this year. It plans two more new restaurants in 2017, including its first in Michigan.

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Midday Stock Roundup

The S&P 500 was up 0.3% in midday trading to 2,466.13.

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Anaheim Tourism Dollars Up 10% YTD

Visit Anaheim said 12.1 million travelers to the city have spent $4.2 billion in Orange County year-to-date, an increase of some 10% in each number, and have spent of about $347 per person.

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Tuesday, September 5

New Dean at Ketchum’s Optometry College

Marshall B. Ketchum University in Fullerton appointed Mark Bullimore as dean of the Southern California College of Optometry.

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Rockwell in $30B Sale to UTC

The local units of Cedar Rapids, Iowa-based Rockwell Collins Inc. could be in line for another shakeup in the wake of its planned $30 billion sale to United Technologies Corp.

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Midday Stock Roundup

The S&P 500 declined 1% in midday trading to 2,450.24.

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Automakers’ Sales Mixed

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

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Key West Lands 2nd Big OC Investor in a Month

Passco Apartment Buy Follows Sunstone Deal

It’s a nearly 2,900-mile trip from Orange County to Key West, Fla., site of the southernmost point in the continental United States.

Monday, September 4

Collegewise gets Singapore Partner

Singapore-based ChangedEdu invested in Irvine-based Collegewise, according to Collegewise.

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New Rankings Based on OC Charitable Giving

Argyros Tops Privates, Wells Fargo Corporate

For this year’s philanthropy lists, the Business Journal ranked both corporate and private foundations by the amounts they gave to Orange County charities, instead of by total giving. The criteria include that the foundation is either headquartered here in OC, focuses a significant amount of its giving on OC charities, or that a principal lives here. Giving, in and of itself, can be volatile and fluctuate from year to year.

Irvine Slow-Growth Measure Targets Area Developers

BALLOT BOX: Similar to Costa Mesa; aiming for ’18 vote

A slow-growth ballot measure has been proposed for Irvine, which if passed would quickly put a chill on development for Orange County’s third largest and fastest-growing city.

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ChromaDex Shifts to Direct-to-Consumer Model

HEALTHCARE: Focus on own supplement brand

An obsession with eternal youth is in vogue, and not limited to Americans; the global antiaging market is projected to grow from $250 billion last year to $331.4 billion in 2021, according to a report by Orbis Research in Dallas.

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Water’s Fine

Marina Ownership Murky

We reported Aug. 28 on several members of the two teams bidding to renovate Dana Point Harbor for an estimated $200 million. At that price there will be barnacles, and they’ll be scraped.

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Business Bites

Other items of interest Orange County Business Journal Vol. 40, No. 36

The University of California-Irvine said Aliso Viejo-based chipmaker Microsemi Corp. donated $1.5 million to the university.

Hoag Orthopedic Puts Business Structure on Display

Physician Ownership Model Desirable in China

China’s health system, which serves nearly 1.4 billion people, is moving toward an increasingly private, for-profit model to provide better care.

French Connection for Software Company

TerraManta Execs Headed to Paris

How do geopolitical factors influence global commodities prices? That’s the question that an early-stage software company in Irvine answers with software using artificial intelligence.

Real Estate Deals

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

OC Petroleum LLC sold a seven-unit auto retail center and warehouse in Huntington Beach to Kenneth Ochi for $5.4 million, or $185 per square foot.

OC Responds to Harvey

Some Businesses Here Suffer Losses; Many Open Hearts and Wallets

While several Orange County companies assess the damage of operations, equipment and property from Hurricane Harvey, others are pulling resources to provide relief for as many as 30,000 displaced residents in southeastern Texas and the Louisiana Gulf Coast.

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Expanded Offices Help Bar Group Serve More Kids

Also Wants To Raise Cash For Expanded Programs

The Orange County Bar Foundation began nearly 50 years ago with the sole purpose of raising funds for a law library. It evolved into a way for the business and law communities to help at-risk youth, and a new building it acquired this year is enabling it to serve more of them.

Adoptee Inspired to Help Nonprofit Groups Succeed

Gratitude Channeled Into Money-Saving Enterprise

It’s a story that could have had an entirely different ending.

Hurley Hit With Layoffs For Leaner, Faster Nike Innovation

A strategy shift at Nike Inc. translated into a recent wave of layoffs at Costa Mesa-based subsidiary Hurley International LLC. The surf apparel brand parted ways with about a dozen employees and transferred others, including several sales and marketing executives.

Firms Tally Up Value of Workers’ Giving: Priceless

One hundred and twenty. That’s how many Beckman Coulter employees arrived at Benjamin Beswick Elementary School on a sunny day in February, eager to get to work. The plan: to freshen up and revive the aging Tustin campus.

Mortgage Industry Toys With Lowering Down Payments

Orange County’s Credit Union is bringing back one of the villains of the 2008 financial crisis—the no-money down payment mortgage.

OCBJ Calendar

Sept. 4-Sept. 13, 2017

This week's business and other event listings.

Behr Goes Green for 2018 With Fresh Color Palette

Tints Touted As Tranquil Remedy for Stressful Life

Behr Process Corp.’s 2018 color of the year is In The Moment T18-15, a “restorative blue-green hue honoring nature to create a soothing atmosphere.” It’s part of a spectrum of 20 hues “forecasted to influence décor and design in the year ahead.”

A Win and a Wait-and-See on Plush Plane Seats Push

Seat Producer Gets Indian Work as Rockwell Waits

It doesn’t appear that the local operations of Rockwell Collins Inc. will benefit from the recent push from domestic and international airliners to install plush and pricey premium seating.

Island Hotel Eateries Spiffed Up, With Side of Friendly

Aqua Lounge, Oak Grill Menus Focus on Healthy

During the past two years, Island Hotel has made some tremendously good-looking changes in its Aqua Lounge and Oak Grill dining rooms. There’s also a new chef on board whose food pleased us very much in recent tastes.

Role of Women in Industry Discussed at PIMCO Event

FINANCE: Who will ‘pound the desk on your behalf?’

At one point in her career, DeAnne Steele wouldn’t mention her young son when she was at work.

Swiss Subsidiary Joins OC Cyber Hub

TECHNOLOGY: Threat solver in early talks with Cylance

A burgeoning concentration of cybersecurity companies and plenty of potential corporate customers has led a Swiss security software maker to establish its North American headquarters in Newport Beach.

Eyes Get It

“… no time to be timid …”

Anaheim Distribution Building Brings Top Dollar

REAL ESTATE: DCT buys former PacSun facility for $56M

A real estate investment trust in Denver has bought a big distribution center in Anaheim in one of the most expensive deals on record for an older industrial property in North Orange County.

PHILANTHROPY

More than 700 supporters gathered on July 13 at the Free Wheelchair Mission’s annual Miracle of Mobility gala. The evening netted more than $1.5 million.

Charity-Company Connector Helps Firms Give Back

OneOC Aligns Their Values With Complementary Causes

Nestled on a tree-lined street in an unassuming 1970s-era building in Santa Ana resides Orange County’s most prolific matchmaker.

Friday, September 1

Spanos Family Gives 500K for Harvey

The Los Angeles Chargers and owners the Spanos family on Friday announced a $500K donation for Hurricane Harvey victims.

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New Boss at Saddleback

Saddleback College said Gregory Anderson will be its new president effective Oct. 16.

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HB Insurance Firm Names CEO

Confie, a Huntington Beach-based national insurance distribution company with $500 million in annual sales, named Cesar Soriano as chief executive officer, effective immediately.

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Midday Stock Roundup

The S&P 500 was up 0.3% in midday trading to 2,478.83.

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Banc of California Hires CFO

Banc of California Inc. (NYSE: BANC), the largest bank by assets based in Orange County, hired a chief financial officer after an almost year-long search.

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Irvine Coffeehouse Grows

An Irvine seller of Vietnamese-style coffee has changed its name and plans three more locations in the next year.

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