OC BUSINESS JOURNAL DAILY NEWS

With Hydrogen, Jannard Shoots for a Three-Peat

MEDIA: August launch eyed for 3D, 4-view phone

A row of black booths lined the soundstage at RED Studios Hollywood on a recent Saturday, each manned by an attendant guarding a yet-to-be-released Hydrogen One. The smartphone, developed by Irvine-based Red Digital Cinema Camera Co., enables users to see multidimensional content without headgear—Hydrogen’s screen acts as the proverbial fourth wall, behind which layered imagery immerses the viewer into 4-view, holographic scenes.

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OC 500: Jim Jannard

Not so much reclusive as choosy— eschews limelight, active on company forum … launches global-reaching concepts from top-flight tech, selects time, place, way of presenting … summer 2017 teased, then announced his new smartphone, Hydrogen One … $1,200 to $1,600 price tag … He holds 90 patents … founded Oakley Inc., sold for $2.1B … Business Journal OC’s Wealthiest, $3.2B

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Sabra Sells 12 Facilities for $134M

Irvine-based Sabra Health Care REIT Inc. (Nasdaq: SBRA) completed the previously announced sale of 12 facilities leased to Genesis Healthcare Inc. (NYSE: GEN) for $134 million.

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Midday Stock Roundup

The S&P 500 rose 0.4% in midday trading to 2,746.63.

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Auction.com Names CTO

Irvine-based online distressed real estate auction company Auction.com promoted Amit Aggarwal to chief technology officer on Monday.

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Montage’s Pendry for NYC

Montage International’s Pendry Hotels lifestyle division will manage a 164-room hotel when it opens in 2021 as part of a Manhattan mixed-use development by Brookfield Property Partners LP.

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Hotel Markets Strong in April; CBRE Ups Outlook

Average daily rates at hotels in seven Orange County submarkets increased year-over-year in both year-to-date and month-of-April comparisons, according to CBRE Hotels in Los Angeles; the real estate broker and consultant also increased its national hotel market outlook for the year.

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May Auto Sales Up

Nearly all of Orange County’s automakers reported an uptick in sales for May while year-to-date sales remain mixed.

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AutoGravity Hires General Counsel

AutoGravity, an Irvine-based auto-lending fintech, hired Jennifer Ishiguro as executive vice president and general counsel.

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Partners Bank Hires Blue Gate’s Walsh

Partners Bank, a Mission Viejo based firm with $300 million in assets, has hired Chris Walsh as president.

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Midday Stock Roundup

Indexes were higher in midday trading on a strong jobs report that showed nonfarm payrolls and wages rising.

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Athletes First’s Historic Deal With NBA Union

SPORTS: NFL superagency crosses over to the NBA

The National Basketball Players Association bucked tradition and decades of history in selecting a new subsidiary formed by Athletes First LLC in Laguna Hills to handle licensing and other partnerships for its star players rather than the league that helped make it the most powerful union in professional sports.

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OC 500: Pawan Seth

Inventor, drug developer plays close to vest … has websites, lacks public email … found ways to control release, boost effectiveness of drugs … created once-daily antidepressant; generic version anti-heartburn med … sold Pharma Pass to Canadian buyer 2002 for $190M; founded second iteration … maintains creativity … pharma doctorate, Louis Pasteur U., Strasbourg … 60+ patents … Business Journal OC’s Wealthiest, $400M

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Midday Stock Roundup

The S&P 500 was down 0.7% in midday trading to 2,705.51.

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Southwest Boosts Long Beach Presence

Southwest Airlines will add flights on current routes from Long Beach Airport for at least the first two months of a JetBlue Airways pullback from the airport.

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Opting for Hope

Annette Walker to Head City of Hope OC in July

The uniqueness of City of Hope’s new cancer center in Orange County speaks for itself—the project certainly caught Annette Walker’s attention.

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OC 500: Mark Wetterau

Sells meat, dairy, produce to major food service cos., including McDonald’s Corp. … also logistics, trucking … $7B revenue, 7K workers … largest OC-based food distributor … second-largest OC private co. after Pacific Life … his hero-role model: father, Ted … his dog, Bodie, half black Lab, half German Shepherd … backs Second Harvest Food Bank, GSF Foundation … passion: ‘my family’ … three success words: ‘people, people, people’

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Allergan Seeks to Shed Two

In response to its lagging stock, Allergan Plc (NYSE: AGN) will seek buyers for both its women’s health and infectious disease units. CEO Brett Saunders confirmed the unanimous board decision in an interview with Reuters on Wednesday.

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Blue Gate Bank Sold: Report

Blue Gate Bank, a Costa Mesa-based bank that opened early last year, is being sold, according to American Banker.

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Brandman to Educate Walmart Workers

Walmart employees will be able to attend Irvine-based Brandman University for $1 a day as part of a new program the retail giant said on Wednesday.

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Midday Stock Roundup

Indexes rose in midday trading on easing of worries over Italy’s political woes and sector strength in finance and energy.

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OC 500: Suzanne Richards

Women in Business honoree … oversees seven KPC hospitals, including four OC hospitals with about $340M revenue, 750 inpatient beds … part of KPC Group, Riverside … hospitals formerly in Tenet system … Richards began with KPC 2012 to aid restructuring … KPC ESOP launched 2015 … CSUF RN, UCI MBA, healthcare management … attended Ren Faire as pirate … rollercoaster buff

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Irvine Co. Names Resorts President

Irvine Co. today named Scott Hermes its resorts division president to succeed Ralph Grippo.

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Evolus Names CFO

Evolus Inc. (Nasdaq: EOLS) appointed Lauren Silvernail as chief financial officer and executive vice president of corporate development.

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Yogurtland Adds Internationally

Yogurtland opened in the Emirate of Sharjah, one of the kingdoms in United Arab Emirates; it has two other locations in UAE.

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