Orange County Business Journal

OC BUSINESS JOURNAL DAILY NEWS

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Breakers Tennis Back in Play in NB

The Orange County Breakers tennis club has a new home at the Newport Beach Tennis Club.

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Montage Investor to Provide Up to $200M for Growth

Montage Hotels & Resorts LLC in Irvine said a real estate fund affiliated with Ares Management LP in Los Angeles will buy up to 20% of the hospitality manager and, in addition, commit “up to $200 million” to acquire and develop properties which Montage would operate.

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St. Joseph Heritage Health Names New Chief Executive

Irvine-based St. Joseph Health said today that Kevin Manemann is the new chief executive of its St. Joseph Heritage Healthcare physician practice management organization.

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Mall Announces New Stores

The Shops at Mission Viejo is adding six tenants over the next few months, including apparel retailer Madewell, which is holding its grand opening celebration from 7 p.m. to 9 p.m. today on the upper level near Forever 21.

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Quiksilver Names Post BK Board

Huntington Beach-based Quiksilver Inc. selected a new board of directors to take over after bankruptcy proceedings end, according to documents filed with the U.S. Bankruptcy Court for the District of Delaware.

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Midday Stock Roundup

The S&P 500 was up 1.47% in midday trading to 1,904.72.

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Pacifica Hotels Buys in DTLA

Pacifica Hotels bought the Milner Hotel in downtown Los Angeles from Milner Hotels Inc.

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Opus Bank to Buy Trust Company

Irvine-based Opus Bank will buy San Francisco-based PENSCO Trust Co.

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$3M Grant for CSUF

Cal State Fullerton has been awarded a $3 million grant from the California Institute for Regenerative Medicine to continue its scholar program in stem cell research and regenerative medicine.

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Midday Stock Roundup

Indices were up in midday trading. Stock recovered ground lost this week as oil prices rebounded on news of winter storms in the Eastern U.S.

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OC Unemployment Drops

Orange County’s unemployment rate ticked down to 4.1% in December from 4.2%

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Business Journal Honors CFOs

Orange County’s top financial professionals were honored in five categories on Jan. 21 at the Ninth Annual Business Journal CFO of the Year awards dinner, which drew a crowd of about 600 to Hotel Irvine.

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Roth Staffing Founder’s Son Succeeds Him

Roth Staffing Cos. in Orange promoted Adam Roth from president and chief operating officer to chief executive as successor to Ben Roth, Adam’s father and founder of the 21-year-old employment services company.

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Recyclable Foam Maker Gets Investors

PLUSfoam Compound Technologies LLC in Newport Beach received an undisclosed investment from Acorn Innovestments and the Noël Group.

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Software Maker Plans to Hire 200

Smart Utility Systems today announced plans to add 200 workers this year at its new headquarters in Irvine and an international expansion plan with new offices in Asia.

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St. Regis to Get Miraval Spa

The St. Regis Monarch Beach Resort is set to get a Miraval Life in Balance Spa, according to a hotel trade journal.

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Federoff Permanent UCI Health CEO

University of California-Irvine today named Dr. Howard Federoff chief executive of UC Irvine Health.

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Midday Stock Roundup

The S&P 500 was up 0.7% in midday trading to 1,871.99.

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Device Maker Gets $38 Million

Irvine-based Axonics Modulation Technologies Inc. raised $38.5 million in Series B financing.

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OC Deals Hit $500M in Q4

Orange County entrepreneurs received more than $529 million in venture capital spread across 12 deals in the fourth quarter, said Dow Jones VentureSource.

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Avanir Names New Chief

Avanir Pharmaceuticals Inc., an Aliso Viejo-based drugmaker, said today that Rohan Palekar is its new chief executive.

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More NB Restaurants for Annual Fest

Newport Beach Restaurant Week launched this week with a slight increase to 61 restaurants compared with last year.

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PBS SoCal Gets Foster Kids Project Grant

PBS SoCal in Costa Mesa received a three-year, $1.7 million grant from the Conrad N. Hilton Foundation to produce documentaries about real-life issues faced by foster youth in Southern California.

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Midday Stock Roundup

Indices were down on a decline in oil prices.

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Pieology Gets Investment

Rancho Santa Margarita-based fast casual operator Pieology Pizzeria said it received an investment from Andrew and Peggy Cherng, who founded Panda Restaurant Group.