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T2 Buys Second Denver Parking Lot

T2 Hospitality in Newport Beach bought a quarter-acre of downtown Denver land for $3.55 million, a block from a one-third-acre parcel for which it paid $10 million in 2015, a local news report said.

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Midday Stock Roundup

The S&P 500 was up 0.4% in midday trading to 2,889.45.

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OC’s Largest Nonprofit Harvests New Chief Exec

NONPROFITS: Nicole Suydam goes home to Goodwill of OC

John Bon Jovi once said, “Who says you can’t go home?” Well how about twice?

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OC 500: Donald Vodra

Longtime exec at OC’s second-largest landowner, ranch developer … added president’s role this year … 20+ years with company after banking career, including Western National, Security Pacific, Crocker, Wells Fargo … working with RMV chairman, CEO Tony Moiso to groom next gen of leadership … supports Laura’s House, United Way, March of Dimes … Cornhusker: B.A., U. Nebraska

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Midday Stock Roundup

The S&P 500 was up 0.2% in midday trading to 2,877.09.

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Jimmy P is Back, Sees Edge in Small Caps

TECHNOLOGY: Former Microsemi CEO looking for small caps

James Peterson is back in business.

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OC 500: Shannon Kennedy

Promoted to current role mid-2016 … previously led SoCal region … 26 years at Northern Trust, last slot: global head of family offices, private investment … clients at $200M+ in assets … bylines Business Journal Market Watch page … Maltese-Poodle named Wrigley after Cubs’ friendly confines … mom ‘the ultimate role model’ … three words: ‘grit, humility, fun’

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Costa Mesa VCers Do It Differently

FINANCE: CerraCap pair tries to hit all out of the park

CerraCap Ventures LLC co-founders Saurabh Ranjan and Saurabh Suri decided to try a different model when they began the venture capital firm in 2015.

Kelemen Goes Big With Atrium Buy

REAL ESTATE: $106M deal; creative-office perks planned

The Atrium building in Irvine, one of the most unique office properties in the area around John Wayne Airport, has a new owner—and plans for a major renovation.

Firms Bet on Specialized Health-Fitness Offerings

Care Tailored to Execs, Seniors, Stretching Fans

Consumers are changing the shape of healthcare with their choices, giving rise to the new product category of “wellcare,” according to a PricewaterhouseCoopers report released last year. It refers to products and services that help people stay healthy, youthful-looking and in shape.

Medical Device Makers’ Employment Rises 4.5%

Top Four Increase Headcount Above Average

Medical device makers with operations in Orange County added over 900 employees in the year ended July 31, up 4.5% year-over-year, according to Business Journal research. The top four reported above-average growth, fourth-ranked Microvention Inc. in Aliso Viejo up 29%, the biggest move.

OC’s No. 1 Drugmaker, Allergan, Keeps Downsizing

Dendreon Plans to Grow; Peregrine Drops Off List

Compared to robust activity in the medical device sector, the eight biggest drugmakers with headquarters or significant operations in Orange County reported lackluster local employment of 2,153 in the year ended July 31, down nearly 20%.

OC Insider

This past spring, the top spot at Goodwill of Orange County opened. That’s the Yankee manager job of nonprofits—top spot at the top charity, tops 1,500 employees, nearly $125 million annual revenue, over 22,000 folks helped each year—veterans, disabled—to become self-sufficient and join the workforce, always a good thing.

Developers Buy Allergan Offices, Plan Rehab

REAL ESTATE: Panattoni, Stillwater pay $12 million

Panattoni Development Co., one of the country’s largest industrial developers, plans to move its headquarters from Newport Beach to Irvine, after investing in two buildings last owned by Allergan PLC.

Testing Company NTS Switches HQ to Anaheim

SERVICES: Says move to better serve customers

National Technical Systems Inc., one of the nation’s largest testing companies, has relocated its headquarters from Calabasas to Anaheim.

Startups & Innovations

Spinal Singularity Inc., a seed-stage medical device company that’s developing bladder-management products for people suffering from spinal injuries, has gotten a new source of funds.

AI Summit Focuses on Next-Gen Tech & Limitations

Clinicians Vital In Bridging Application Gap

The future of healthcare is a technology-driven one, with machine learning, deep learning and other aspects of artificial intelligence all crucial elements.

Hyundai Unit, NBC Kick Off Football Partnership

Sunday Night Backing Features Innocean Series

Hyundai Motor North America will be getting more playing time with football fans this season.

Fairfield Residential Pays $70.5M for Orange Offices

Site Near MainPlace Mall To Get 727 Residences

A nearly 12-acre site close to Santa Ana’s MainPlace Mall that’s being eyed for a residential development has changed hands for an eye-opening price.

Zadara Wows Microsoft Vet to Tune of $25 Million

Microsemi Chip OK’d For Outerspace Work

Irvine-based data storage products maker Zadara Storage Inc. closed a $25 million Series C funding round led by Israel Growth Partners, which was founded by a Microsoft Corp. veteran.