Orange County Business Journal

OC BUSINESS JOURNAL DAILY NEWS

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Carrick Invests in Virginia

Carrick Capital Partners in Newport Beach invested $22 million in Perfect Sense Inc. in Reston, Va.

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New Operator for GG Knitting Mill

Broncs Inc. in Compton has reached an initial deal with American Apparel LLC to take over the lease for its textile facility in Garden Grove, according to news reports.

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Irvine First in Fiscal Strength

The City of Irvine earned top marks from the Fiscal Times for fiscal strength among U.S. cities.

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JWA Traffic Up 3%

John Wayne Airport served 918,000 passengers in October, up 3% compared with October 2015’s 891,000.

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Nordstrom Out at MainPlace

Nordstrom Inc. in Seattle said it plans to close its department store at MainPlace Mall in Santa Ana in March. The closure will affect about 195 employees.

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Midday Stock Roundup

The S&P 500 was down 0.4% in midday trading to 2,265.66.

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Anaheim Landscaper Acquired

Marina Landscape Maintenance Inc. in Anaheim was bought by BrightView Landscapes LLC in Plymouth Meeting, Pa., on undisclosed terms on Jan. 1.

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Pacifica Sells SD Hotel

Pacifica Hotels in Irvine sold the 80-room Sommerset Suites in the Hillcrest neighborhood of San Diego for $19.5 million to Sentre Partners, also in San Diego.

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Call Center Firm Names Legal Exec

Alorica Inc. in Irvine named Tania King chief legal officer and chief compliance officer.

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RSI Communities Buys Beaumont Site

Newport Beach-based homebuilder RSI Communities said it has bought a 228-acre site in the Riverside County city of Beaumont, where it plans to build a 981-home development called Olivewood.

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Midday Stock Roundup

The S&P 500 was down 0.1% in midday trading to 2,267.10.

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Developer Sets SJC Hotel Date

Stratus Development Partners in Newport Beach said its Hotel Capistrano project will open in summer 2018.

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Biolase CFO Resigns

Biolase Inc. in Irvine said Chief Financial Officer David C. Dreyer will resign effective Jan. 13 for “personal reasons unrelated to the company’s financial condition.”

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Lotus Makes Another Buy

Lotus Innovations LLC in Irvine acquired Commerx Corp., a leading global provider of digital and telecommunications services.

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Midday Stock Roundup

The S&P 500 was up 0.4% in midday trading to 2,276.87.

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RIP, South Coast Plaza’s Escher

Werner Escher, South Coast Plaza’s executive director of domestic and international markets has died after a battle with cancer.

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Pacifica to Run Boutique Hotel

Pacifica Hotels in Irvine has signed a deal to manage the Georgian Hotel in Santa Monica.

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Montage Hotels Takes New Name

Hospitality manager Montage Hotels & Resorts in Irvine changed its name to Montage International.

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PE Firm Buys Sandal Brand

Courtney Group Inc. in Newport Beach acquired sandal brand Flojos from Conscious Corp. in Thousand Oaks on undisclosed terms.

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Aircraft Leasing Exec to New Board

Aviation Capital Group Vice Chairman Denis Kalscheur has left that post and joined the board of Avolon.

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Kia Stinger Unveiled

Kia Motors America Inc. in Irvine debuted its first sports sedan Sunday at the North American International Auto Show in Detroit.

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Law Firm Names MP

Eva Weiler is the new managing partner of Shook Hardy & Bacon LLP’s Irvine office, succeeding Doug Robinson.

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Eye Stent Developer Gets $25M

Ivantis Inc. in Irvine closed on a $25 million Series C funding round for development and eventual marketing of a stent intended for use in glaucoma surgery.

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Midday Stock Roundup

The S&P 500 was down 0.2% in midday trading to 2,271.86.

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Yum China Taco Bell Opens

The first Taco Bell restaurant in China opened in Shanghai’s central business district as part of the fast food chain’s plan to open 1,000 restaurants overseas by 2022.