Orange County’s unadjusted unemployment rate fell to 2.8% in March from a revised 3.1% in February and well below the 3.7% reported a year earlier, according to the state’s Employment Development Department.
Frank Talarico, Jr. resigned after six years as president and chief executive of Goodwill of Orange County, effective April 9, the nonprofit said in a letter by Board Chairman Dick Trueblood.
REAL ESTATE: Efficient building key post-combo tweak
The results of Lennar Corp.’s February acquisition of Irvine-based homebuilder Cal-Atlantic Group Inc. are starting to surface at some of the combined company’s area developments and in Orange County’s office market.
50 + years homebuilding … now retired from day-to-day at eponymous firm … 100K+ homes built in Western U.S. on his watch … ex-commander USAF Reserves … community leader, philanthropist … backs veterans … helped OC Rescue Mission buy Tustin apartment units for vets … vintage car collector … long-time friend + former business partner of George Argyros, OC 500
Allergan PLC won’t pursue a deal to buy Shire PLC, the company said, after earlier considering a bid.
REAL ESTATE: Disposition, more life science properties
HCP Inc.’s (NYSE: HCP) repositioning has been a bumpy one over the course of the past 18 months.
2017: third sale in 3 years for document software co. … Chicago PE firm Thomas Bravo bought for $1.2B from Lexmark … Kofax ‘once again an independent company’ … $400M revenue … 22K clients, 70 countries … backs
Restaurant Brands New Zealand Ltd. said in an investor presentation and in a news report it wants to buy a Taco Bell franchise group on the U.S. mainland, bring the brand to New Zealand, and expand the chain in Australia.
‘$900M on High End,’ Says Founder
App developer Titan Health & Security Technologies Inc.’s new contract with a global security services firm has propelled the Newport Beach-based startup into the nation’s upper tier of emergency communication providers.
Innovator of the Year honoree … medical monitor maker ‘figured out [problem] and what can be done’ … founded patient safety … launched Masimo with second mortgage … 2007 IPO … market cap $4.4B; 2016 revenue $695M, up 10% … OC’s Wealthiest, $575M … now angel investor … chief exec, wearables firm Cercacor … Business Journal Style File
U.S. indexes continued climbing on strong corporate profit reports at the start of the earnings season and are now up eight of the past 11 trading sessions.
Runs ‘direct-selling’—recent name for MLM-network model—skincare, nutrition, cosmetics co. with 180K consultants in US, UK, beyond … founded 1975, Switzerland … $540M annual revenue … recently moved to expand ‘preferred client base’ of about 700K buyers who purchase for own use, not business … 300+ local workers … No. 36 Business Journal largest local private cos. … ex-McDonald’s senior marketing VP … PE-backed
Gkkworks, an Irvine-based architectural firm with 100 employees, has been bought by CannonDesign.
CoolSys Sees $30B TAM in Refrigeration
The city of Brea may soon boast a fast-growing company with $1 billion in annual sales.
U.S. indexes climbed on strong corporate profit reports at the start of the earnings season.
Lakers legend … five-time NBA champs … launched $100M VC 2016 with business partner Jeff Stibel … helped bid for Summer Olympics, SoCal 2028 … gives via Kobe and Vanessa Bryant Family Foundation: United Way, Step
Newport Beach-based United Capital Financial Advisers LLC, which has $21.6 billion assets under management, released its newest white-label software for financial advisers.
Iconic Fed Office Eyed for Sale
The fate of the Chet Holifield Federal Building in Laguna Niguel, Orange County’s largest office and one of the area’s most distinctive structures, is once again up in the air.
Jared Rowe was named director, president and chief executive of Irvine-based marketing firm AutoWeb Inc.
REAL ESTATE: Largest Q1 lease for Cerritos Ave. building
Walt Disney Co. recently signed a lease for an industrial building in Anaheim, the latest notable real estate move of Orange County’s largest employer and the biggest industrial lease in OC so far this year by square footage.
Fourth-biggest OC chipmaker, with 230 workers … $5.8B market cap, $1.7B annual revenue, 4,300 employees … Microsemi’s $1.5M to UCI helped endow named presidential chair in electrical engineering … funds research, teaching, equipment, graduate fellowships … 1- year deal in 2016 bought naming rights to L.A. Rams practice facility at UCI