REAL ESTATE: Douglas Park hotspot for developers from OC
Orange County’s main hub of business might be the area around John Wayne Airport, but for several members of OC’s real estate development community, LGB has been the preferred destination over the past few years, not SNA.
Evolus Inc. named Michael Jafar chief marketing officer, a new position, and its second recent hire from the executive ranks of Allergan plc.
Cylance Inc., one of the highest valued private companies in Orange County, has raised $120 million in a venture round led by prior investor Blackstone Tactical Opportunities.
A shakeup has happened in the North American offices of South Korean automakers Hyundai Motor Co. and affiliate Kia Motor Corp.
REAL ESTATE: $166M land buy for homes starting at $350K
William Lyon Homes (NYSE: WLH) has been tapped to build one of the most unique home developments in Orange County in several years, a 536-unit project at Great Park Neighborhoods in Irvine with a large number of affordably priced homes.
OC’s No. 2 landowner after Donald Bren … heads development, leasing arm of Moiso, O’Neill, Avery families … South OC ... includes real estate development leasing, cattle and ag operations … latest phase of RMV housing, Escencia community … took chairman title this year … president duties to longtime company man Don Vodra
Fieldstead and Co. in Irvine plans a daylong “What Would Howard Do?” discussion of home ownership at the University of Southern California on Aug. 1.
San Jose-based Broadcom Inc., which maintains a sizeable operation in Irvine, has issued another round of deep job cuts following an acquisition.
110 Firms Combine For $100B in Annual Revenue
Strong sectors of the economy, acquisitions, and emerging markets and technology drove double-digit revenue increases at several Orange County private companies—including three top-ranked businesses, where revenue totals make bigger bumps harder to come by.
Co-founded healthcare VC firm 1999 … specialty: early-stage medical device firms … $2.3B AUM … 65 IPOs or acquisitions … founder, American Medical Options, sold to Allergan 1986; founder ophthalmic surgical co. Chiron Vision, sold to Bausch & Lomb … chairman, Glaukos since 2001 … Edwards Lifesciences, Allegro Ophthalmics boards … avid aviator, hiker, skier, bird hunter … Colo. a favorite locale
Orange County's community of business gathered Thursday at Hotel Irvine to celebrate honorees of the Business Journal’s 19th annual Family-Owned Business Awards.
Orange County’s unadjusted unemployment rate was 2.6% in May, unchanged from a revised April estimate, and down from 3.2% year-over-year, according to the state’s Employment Development Department.
TECHNOLOGY: New owners cut quickly, eye ‘synergies’
Microchip Technology Inc. Chief Executive Steve Sanghi has ousted the entire management team at Microsemi Corp. following its $10.3 billion acquisition, according to sources close to the matter.
General Counsel Award honoree … legal eagle for Billabong, Element, RVCA brands of $187M Australia apparel maker … IP, real estate, governance, regulatory, M&A, employment, marketing … streamlining, integrating ops across languages, currencies … eight years, Latham & Watkins … English degree UCLA; Notre Dame law
John Wayne Airport reported a solid—even stolid—fiscal 2017 with stable revenue, positive operating income, and lower interest expense for the year ended June 30.
FINANCE: NB’s Madden finds opportunities in backyard
Jim Madden doesn’t want to be a chief executive anymore. Been there. Done that.
Four-time Golden Mike winner … threetime Emmy nominee … former co-host ‘PBS SoCal Insider’ … led team, Akron Beacon-Journal, Pulitzer Prize 1987 for coverage of corporate raider James Goldsmith’s takeover battle for Goodyear Tire … originated Business Journal OC Insider column … Chicago native; Northwestern U. grad … emcees SoCal events… wife, Mary Ann Brown, EVP, Pacific Life
PeproMene Bio Inc. raised $40.2 million from 17 investors in a Series B funding round, a June 11 Securities and Exchange Commission filing said.
REAL ESTATE: Apartments, offices, hotels proposed for site
The owners of MainPlace Mall in Santa Ana, Orange County’s ninth-largest shopping center by sales, have proposed an extensive overhaul of the roughly 50-acre property.
Rimrock Capital Management LLC, an Irvine-based private equity group with $4 billion assets under management, is reorganizing LakePoint Land LLC., a 1,300-acre, Georgia complex famous for its sports facilities.