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.
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?
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
TECHNOLOGY: Former Microsemi CEO looking for small caps
James Peterson is back in business.
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’
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.
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.
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.
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.
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%.
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.
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.
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.
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.
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.
Sunday Night Backing Features Innocean Series
Hyundai Motor North America will be getting more playing time with football fans this season.
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.
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.