Orange County Business Journal

OC BUSINESS JOURNAL DAILY NEWS

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AIA President’s Award for Diocese

The Roman Catholic Diocese of Orange has received the President’s Award from the Orange County Chapter of the American Institute for Architects for its work on Christ Cathedral in Garden Grove.

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Irvine Marriott Nears End of $22M Work

The Irvine Marriott has begun a $1.3 million project to remake its arrival driveway area, the last stage of a $22 million overall project that includes room renovations.

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Midday Stock Roundup

The S&P 500 was down 0.5% in midday trading to 2,136.15.

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Aerie to Offer $125M in Stock

Aerie Pharmaceuticals Inc. plans to offer $125 million in stock next week.

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Unemployment Down Led by Services, Construction

Orange County’s unemployment rate fell to 4.4% in August from a revised 4.6% in July.

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Mapping Software Maker Draws $36M

Irvine-based Digital Map Products, a provider of cloud-based spatial technology, has secured more than $36 million in funding, the company said today.

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Chapman Pharma School Starts Center

Chapman University’s School of Pharmacy has opened its first center, which focuses on targeted drug delivery.

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Midday Stock Roundup

Indices were higher in midday trading on the strength of technology and energy stocks; Apple said it sold-out initial supply of its new iPhone and oil prices were higher.

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UCI to Open eSports Arena

University of California-Irvine next week opens the first eSports area run by a public university.

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Midday Stock Roundup

The S&P 500 was up 0.2% in midday trading to 2,131.52.

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Allergan Buys Derma Firm for $639M

Allergan Plc will buy Vitae Pharmaceuticals Inc. for about $639 million.

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UCI Leads Updraft on U.S. News’ Rankings

U.S. News & World Report has ranked the University of California-Irvine ninth among public universities nationwide in its 2017 Best Colleges report, released today.

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Concordia Gets Resident Entrepreneur

Charlie Zhang, founder of the Laguna Hills-based Pick Up Stix restaurant chain, has been named Entrepreneur-in-Residence by Concordia University Irvine’s business school.

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Midday Stock Roundup

Indices were down in midday trading as oil prices fell and the real estate sector considered the possibility of an interest rate increase at next week’s Federal Reserve Board meeting.

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Innovation Institute in New Alliance

The La Palma-based Innovation Institute has signed an agreement with the Westport, Conn.-based Society of Physician Entrepreneurs, a biomedical and healthcare innovation network of more than 25,000 members in some 20 chapters worldwide.

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Ex-Blizzard Exec in Irvine Startup

Former Blizzard Entertainment Inc. Creative Director Rob Pardo has started a gaming studio in Irvine that aims to build the types of interactive worlds that made his former company a pioneer in the industry.

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Confie Buys Three Brokerages

Huntington Beach-based insurer Confie continued to expand with the acquisition of brokerages in Illinois, Nevada and Florida.

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Midday Stock Roundup

The S&P 500 was up 0.7% in midday trading to 2,142.68.

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Midday Stock Roundup

Indices were down in midday trading on concerns that countries are set to enact tighter monetary policies.

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KKR Puts $66M in AcuFocus

AcuFocus Inc. in Irvine received $66 million in a funding round led by KKR & Co. LLP in New York.

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Baja Fresh, La Salsa Sold

Irvine-based BF Acquisition Holdings LLC, the parent company for Baja Fresh Mexican Grill and La Salsa Fresh Mexican Grill, will be acquired for $27 million by MTY Food Group Inc. in Montreal, Canada.

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Karma Sticker: $130K

Karma Automotive LLC in Costa Mesa set the price for its Revero sports car at $130,000 but it was unclear when the car would be delivered to the 80 buyers who’ve placed initial orders.

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Port of Long Beach Chief to Resign

Port of Long Beach Chief Executive Jon Slangerup will resign Oct. 28 after leading the nation’s second largest port for about two years.

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Midday Stock Roundup

The S&P 500 was down 0.3% in midday trading to 2,178.87.

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Alliant Buys in Washington State

Newport Beach-based Alliant Insurance Services has acquired on undisclosed terms the Farmin, Rothrock & Parrott insurance brokerage in Spokane, Wash.