OC BUSINESS JOURNAL DAILY NEWS

Long Beach’s Real Estate Reach Long

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.

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Evolus Adds CMO

Evolus Inc. named Michael Jafar chief marketing officer, a new position, and its second recent hire from the executive ranks of Allergan plc.

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Midday Stock Roundup

Indexes were down in midday trading on increased global trade tension.

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Cylance Raises $120M

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.

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Hyundai, Kia Reorganize US Ops

A shakeup has happened in the North American offices of South Korean automakers Hyundai Motor Co. and affiliate Kia Motor Corp.

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Lyon Lead for Next Great Park Homes Leg

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.

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OC 500: Anthony Moiso

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

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Ahmansons Back Housing Conference

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.

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Midday Stock Roundup

The S&P 500 was down 0.4% in midday trading to 2,769.96.

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Broadcom Cuts 1,100 Jobs

San Jose-based Broadcom Inc., which maintains a sizeable operation in Irvine, has issued another round of deep job cuts following an acquisition.

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22 Private Cos. Have Double-Digit Growth

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.

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OC 500: Bill Link

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

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Five Family Firms Feted

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.

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OC Unemployment Same

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.

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Midday Stock Roundup

The S&P 500 was down 0.3% in midday trading to 2,773.65.

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End of an Era: ‘Jimmy P’ And Microsemi Corp.

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.

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OC 500: Libby Stockstill

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

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Midday Stock Roundup

The S&P 500 was up 0.3% in midday trading to 2,783.92.

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Airport Turns In Solid FY 2017

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.

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Carrick Has Wind at Its Investing Back

FINANCE: NB’s Madden finds opportunities in backyard

Jim Madden doesn’t want to be a chief executive anymore. Been there. Done that.

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OC 500: Rick Reiff

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

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Midday Stock Roundup

The S&P 500 was up 0.1% in midday trading to 2,788.15.

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Irvine Biotech Gets $40M

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.

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Santa Ana’s MainPlace Eyed for Big Makeover

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.

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Rimrock-Backed Company Files Chap. 11

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.

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