Orange County Business Journal

OC BUSINESS JOURNAL DAILY NEWS

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June Sales Up for OC Automakers

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

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Midday Stock Roundup

The S&P 500 was down 0.2% in midday trading to 2,072.77.

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Avanti Moves HQ to Costa Mesa

Avanti Restaurant Solutions said it moved its corporate headquarters from Sacramento to Costa Mesa.

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Alliant Buys in N.Y.

Newport Beach-based Alliant Insurance Services Inc. has acquired Preferred Concepts LLC, a New York-based wholesale broker and underwriter that specializes in real estate insurance.

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Distressed RE Specialist Gets $20M Investment

Newport Beach-based real estate investment trust CV Holdings Inc. has sold $20 million worth of preferred stock to Tricadia Capital Management LLC in New York.

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Midday Stock Roundup

The S&P 500 was up 0.5% in midday trading to 2,072.91.

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Newly Acquired Bond Firm to Support Gross

Janus Capital Group Inc. has acquired a majority stake in Kapstream Capital Pty Ltd, an unconstrained bond manager in Australia that also has operations in Newport Beach.

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Midday Stock Roundup

The S&P 500 was up 0.3% in midday trading to 2,063.37.

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Del Taco-Levy Combo OK’d

Lake Forest-based Del Taco Holdings Inc. will be acquired and become a public company today, after shareholders in Chicago-based Levy Acquisition Corp. voted in favor of Levy’s acquisition of the Mexican-style fast food chain.

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JWA Traffic Up in May

John Wayne Airport booked a nearly 5% increase in passengers and a 1% increase in commercial airline flights in May 2015, compared with the same month last year.

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Midday Stock Roundup

Stock indices were down at midday after the collapse in economic bailout talks for Greece led to concerns the country would bail out of the euro zone.

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Hyundai to Sponsor NFL

Hyundai Motor America Inc. in Fountain Valley said it has become an official automotive sponsor of the National Football League.

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Disneyland Exemption, Expansion on Anaheim Agenda

Walt Disney Co. is proposing a $1 billion expansion at its Disneyland theme park in Anaheim that would include new attractions, parking and other infrastructure improvements – and it wants a tax break in exchange.

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Johnny Rockets to Poland

Aliso Viejo-based Johnny Rockets said Warsaw-based HDS Polska Group plans to open 10 Johnny Rockets over the next 10 years in Poland.

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Johnny Rockets to Poland

Aliso Viejo-based Johnny Rockets said Warsaw-based HDS Polska Group plans to open 10 Johnny Rockets over the next 10 years in Poland.

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Midday Stock Roundup

The S&P 500 was down 0.2% in midday trading to 2,097.42.

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Franchisee Switch for Johnny Rockets in UAE

A Dubai-based private equity firm bought 14 Johnny Rockets franchised restaurants in the United Arab Emirates from the franchisee group that runs them.

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Midday Stock Roundup

The S&P 500 was down 0.1% at midday to 2,107.50.

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RichUncles Gets $3M Loan

Newport Beach-based real estate investment trust RichUncles LLC has received a $3 million loan from Pacific Mercantile Bank in Costa Mesa.

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Cianna Medical Raises $4M

Aliso Viejo-based Cianna Medical Inc. has raised $4 million, according to a U.S. Securities and Exchange Commission filing.

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Quiksilver in Creative Shift

Quiksilver Inc. said it’s taking a new global creative direction that “echoes the fertile environment of Quiksilver and the surf community in the 70s and 80s.”

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Stem Cell Company Opens New SA Facility

PrimeGen Biotech LLC, a stem cell company, has moved from Irvine to a new facility in Santa Ana.

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Sabra Spends $234M for Nursing Homes

Irvine-based Sabra Health Care REIT Inc. said today that it bought four nursing homes in Maryland for $234 million.

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Midday Stock Roundup

The S&P 500 was down 0.6% in midday trading to 2,111.64.

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Chapman Ups Forecast on OC Jobs

Orange County’s economy is expected to add about 47,000 jobs through this year and another 41,000 in 2016, according to an updated estimate by Chapman University’s Argyros School of Business and Economics.