Orange County Business Journal

OC BUSINESS JOURNAL DAILY NEWS

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China-Based Hotel Buyer in GG Resort Deal

SCG America has been named to develop the Grove District Hotel Resort Development, a stalled 5-acre resort with up to 769 rooms and 39,000 square feet of meeting space in Garden Grove, a press release said.

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Saddleback Memorial CEO Retires

Fountain Valley-based MemorialCare Health System said today that Steve Geidt is retiring as chief executive of Saddleback Memorial Medical Center in Laguna Hills, effective in September.

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Ex-Freedom Exec Spitz to Mercury

Eric Spitz, the former president and chairman of Freedom Communications, has opened an Orange County office for New York-based Mercury, a public relations firm known for work in politics and public affairs.

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NB Firm in $10B VW Settlement

Newport Beach-based law firm MLG Automotive Law reached a $10 billion settlement from Volkswagen Tuesday on behalf of clients in a national, class-action lawsuit, according to lead attorney Jonathan Michaels.

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Midday Stock Roundup

Indexes climbed strongly in midday trading for a second consecutive day following two days of steep declines.

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Kodiak to Buy Into OC Brewery

Kodiak Capital Group LLC in Newport Beach has agreed to buy up to $1 million in common stock of Evans Brewing Co. in Irvine.

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HB Tourism Strong in 2015

Visit Huntington Beach reported a strong year for tourism and hotels in the city for 2015.

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Sfeir to Chapman’s Anderson Center

Chapman University appointed Raymond Sfeir as the new director of the A. Gary Anderson Center for Economic Research, effective immediately.

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Visit HB to Market ‘Soul of SoCal’

Visit Huntington Beach plans to promote Surf City USA under the phrase, ‘The Soul of SoCal.’

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Chapman: Slower Growth Ahead for OC

A report released this afternoon by Chapman University in Orange indicates a softening of economic and employment growth in Orange County.

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Midday Stock Roundup

Indexes rebounded in midday trading after two trading sessions of declines following the U.K. vote to leave the European Union.

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UCI, Harvard Renew Partnership

University of California- Irvine said today it and the Harvard Pilgrim Health Care Institute will receive up to $6.7 million in renewed federal funding to help improve patient safety in healthcare settings.

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Slapfish Plans 50 Sites

Slapfish LLC plans franchised locations in six states.

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Midday Stock Roundup

Indexes were down in midday trading on continuing fallout from the United Kingdom’s “Brexit” vote to leave the European Union and European stock market declines.

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Knott’s Eyes Land for Parking

Knott’s Berry Farm in Buena Park plans to buy 1.1 acres for $250,000 as part of a $5 million expansion of its Soak City water park by May 2017.

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Midday Stock Roundup

Markets declined sharply in midday trading following the United Kingdom’s vote to leave the European Union.

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Microsemi Invests in SJC Startup

Microsemi Corp. invested in Veracity Security Intelligence.

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NB Biotech Gets $7.5M

Newport Beach-based Blueprint Bio Inc. has received $7.5 million in Series A funding.

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Incipio Bids $177M for Skullcandy

Incipio LLC, an Irvine-based maker of cell phone cases and other mobile device accessories, has bid $177M for Skullcandy Inc.

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PHG in Deals for AC Irvine, Tempe

An affiliate of Irvine’s Pacific Hospitality Group is in deals for two AC Hotels—a 176-room property currently under construction at the Park Place mixed-use campus near John Wayne Airport and a recently opened location in Tempe, Ariz.—from Woodbine Development Corp. and USAA.

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Irvine Bank Joins Russell 2000 Index

Irvine-based bank First Foundation Inc. will become part of the Russell 2000 Index on Monday morning.

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Ubiquity Names CTO

Irvine-based technology-focused media company Ubiquity Inc. appointed Jonathan Kalbfeld as chief technology officer, effective July 18, replacing Kristain Sandburg.

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Midday Stock Roundup

Indexes were up in midday trading as European markets closed higher yesterday ahead of the U.K.’s vote today on European Union membership.

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FivePoint to Sponsor Concert Venue’s Last Season

FivePoint Holdings in Aliso Viejo said it will sponsor the final concert series at Irvine Meadows Amphitheater and is also exploring building an amphitheater on the south end of the Orange County Great Park in Irvine.

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AG Grants Conditional Consent to Providence-St. Joseph Combination

California Attorney General Kamala Harris has conditionally consented to Irvine-based St. Joseph Health’s proposed affiliation with Providence Health and Services.