Sunwest Bank has hired Ben Alvarado, Wells Fargo & Co.’s former chief for Orange County and San Diego.
Indices declined in midday trading on the brewing trade-and-tariff war between China and the U.S.
Kia Motors America Chief Operating Officer and Executive Vice President Michael Sprague will leave his post, effective April 17.
Nekter Juice Bar Inc. in Santa Ana will open franchised locations in Ohio and Minnesota this summer, new markets for the healthful food and juice bar chain.
Heading into 15th season as owner of team bought from Walt Disney Co. … made fortune in billboards, Arizona … U of A grad, marketing … past owner or bidder on other sports teams … fourth-gen Mexican- American, oldest of 11 kids … father ran print shop … Catholic school, Army 1965, Vietnam vet, three kids … started foundation 2004 with second wife, Carole … it’s given $6M
A 12-story, 326-room Radisson Blu hotel is planned in Anaheim, about a mile from Disneyland Resort, with an opening scheduled for 2020.
Josephine Garrett has been named chief financial officer of Irvine-based nonprofit MIND Research Institute.
Fast-casual, build-your-own pizza chain … aims to bulk up, be player in expected niche shake-up … No. 14 on Business Journal OC restaurant list—up 11 slots … $150M revenue, double YOY … 150 locations, most
Alliant Insurance Services Inc., a Newport Beach-based insurance broker, is expanding into Asia with the acquisition of Dumortier Risk Management Inc. Terms weren’t disclosed.
Parent company runs cabinetmaker, homebuilder with $600M revenue, 4,500 employees … builds under RSI Home in Inland Empire, Texas … recent deal $250M, 1,500-home project near Austin-Round Rock … expects to have opened total of 35 communities by 2018 … plans expansion to NorCal, Ariz., Fla. … said to be eyeing solar-energy … Business Journal OC’s Wealthiest, $1B
All Orange County-based automakers reported sales increases in March except for Hyundai Motor America and Hyundai’s Genesis brand.
Irvine-based Inari Medical Inc. received $27 million in a series C round to support commercialization.
Irvine-based Axonics Modulation Technologies received a $40.1 million financing comprised of $20.1 million in equity and a $20 million credit facility.
Current role 2011 … reports to Mike Mussallem … previously executive VP, secretary over legal, HR, compliance— AMO, now part of J&J Vision … boards: Glaukos Corp., Heart Assn. OC … turning point: coming to California for college, ‘meeting my husband, the father of my children and love of my life, career in law and healthcare’ … 3 words for success: ‘faith, family, determination’
U.S. stocks declined across the board on worries about technology stocks and global trade. The S&P 500 dropped 2% to 2,586.41, while the Dow Jones Industrial Average fell 2.1% to 23,594.07. The Nasdaq plunged 2.4% to 6,891.07.
Leads second-largest OC-based restaurant chain … $640M market cap, $993M revenue, $46M net … casual dining … pivoted to smaller footprint, faster service—e.g., ordering app—to compete with fast-casual brands … big jump net revenue 2015, has leveled off … 200 locations, 10 OC … co-founded 1970s for OC Chicago deep-dish pizza … sold to accountants … 1996 IPO at $5 share
Backs UCI STEM programs for women, underserved … $9.5M donation to engineering school named for OC 500’s Henry Samueli … gift was two-thirds of foundation’s then-assets; has about $4.5M now … ex-wife OC 500’s Henry Nicholas … three kids … trustee, St. Margaret’s Episcopal School … master’s in electrical engineering, UCLA … worked at TRW, NCR
Five Point Holdings LLC and City of Hope said today they plan to build a $200 million cancer center at the Great Park Neighborhoods in Irvine.
Fujifilm Holdings plans to buy a pair of cell culture media businesses owned by Japanese oil and metals conglomerate JXTG Holdings for about $800 million.
University of California-Irvine Vice Chancellor for Student Affairs Thomas Parham will leave his role this year to become president of California State University,-Dominguez Hills.
Indices spike upward in midday trading on the last trading day of the first quarter amid a technology stock rebound.