Orange County Business Journal

OC BUSINESS JOURNAL DAILY NEWS

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Chapman Sees Lower OC Job Growth

Job growth in Orange County will slow this year to an estimated 1.5%, the slowest since the economic recovery began in 2009, according to Chapman University’s annual economic forecast.

By Peter J. Brennan June 21, 2017 5 p.m. share »
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JWA Traffic Down in May

Passenger traffic at John Wayne Airport declined 4.6% in May to about 879,000 year-over-year.

By Paul Hughes June 21, 2017 4:44 p.m. share »
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Midday Stock Roundup

The S&P 500 was down 0.2% in midday trading to 2,431.13.

By Paul Hughes June 21, 2017 11:13 a.m. share »
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Kingston ‘Shoots for the Top’

Kingston Technology Inc. is working its way up the global leaderboard in a key product category that has vastly improved the performance of personal and corporate computers.

By Chris Casacchia June 21, 2017 10:33 a.m. share »
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ClearFlow Gets FDA OK

Anaheim-based medical device maker ClearFlow Inc. secured Food and Drug Administration approval for the FlowGlide Active Clearance Technology System, a device that clears chest tubes to prevent or reduce retention of blood and fluids.

By Sherry Hsieh June 21, 2017 9:09 a.m. share »
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Midday Stock Roundup

The S&P 500 fell 0.4% to 2443.74.

By Peter J. Brennan June 20, 2017 10:53 a.m. share »
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Cemetery Deal Caps Off Active Spring for FivePoint

A 250-acre land transaction in the heart of Irvine would be the highlight of the year for most area real estate companies and developers.

By Mark Mueller June 20, 2017 8:13 a.m. share »
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Midday Stock Roundup

The S&P 500 climbed 0.8% to 2451.81.

By Peter J. Brennan June 19, 2017 10:45 a.m. share »
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Three Amigos

They say it’s lonely at the top, but if you invite a few friends it can get downright clubby.

By Paul Hughes June 19, 2017 10:07 a.m. share »
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Cookware Manufacturer Sold

Connerton Company Inc., a Santa Ana-based manufacturer of cooking equipment for the foodservice industry, was bought by Genkraft Technologies of Long Beach on undisclosed terms.

By Peter J. Brennan June 19, 2017 10:06 a.m. share »
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Cookware Manufacturer Sold

Connerton Company Inc., a Santa Ana-based manufacturer of cooking equipment for the foodservice industry, was bought by Genkraft Technologies of Long Beach on undisclosed terms.

By Peter J. Brennan June 16, 2017 11:55 a.m. share »
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Midday Stock Roundup

The S&P 500 was down 0.2% in midday trading to 2,428.79.

By Paul Hughes June 16, 2017 10:39 a.m. share »
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Eat Like a Mouse

Disneyland Resort has added food and beverage staff, tapped foodie trends, and tied comestibles ever closer to “storytelling” to enhance experiences at its Anaheim campus—and grow guests’ per-capita food spending.

By Paul Hughes June 16, 2017 10:20 a.m. share »
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Acorn Cracks WSJ Top 25

Irvine’s Acorn Grows Inc. ranked No. 22 on the Wall Street Journal’s list of “Top 25 Tech Companies to Watch.”

By Pete Weitzner June 16, 2017 10:19 a.m. share »
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OC Unemployment 3.2%

Orange County’s unadjusted unemployment rate dropped to 3.2% in May from a revised 3.3% in April and below the 3.7% reported for the same period last year, the state Employment Development Department said.

By Peter J. Brennan June 16, 2017 9:50 a.m. share »
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Fight Club OC Sold

New York-based Alliance MMA Inc. has acquired Fight Club OC and other entities under the banner of Roy Englebrecht Promotions in Costa Mesa on undisclosed terms.

By Chris Casacchia June 15, 2017 1:37 p.m. share »
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Carpet Manufacturer Closes Doors

Royalty Carpet Mills Inc., a longtime area carpet manufacturer based in Irvine, has closed, as have several affiliated companies.

By Mark Mueller June 15, 2017 12:30 p.m. share »
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NB Manufacturer a Crowdfunded First on NASDAQ

Shares of Newport Beach-based ADOMANI Inc. surged this morning on its debut on the NASDAQ Capital Market after becoming the first equity crowdfunded company to list on the tech heavy exchange.

By Chris Casacchia June 15, 2017 11:16 a.m. share »
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Irvine Co. Adds Quad to Spectrum Development Push

Orange County’s dominant office landlord and the area’s most active office developer over the past four years isn’t resting on its laurels, with both a ground-up development and a creative-office renovation project in the works.

By Mark Mueller June 15, 2017 11 a.m. share »
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Midday Stock Roundup

The S&P 500 was down 0.4% in midday trading to 2,427.13.

By Paul Hughes June 15, 2017 10:57 a.m. share »
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HCP in $26M Building Buy

An affiliate of Irvine-based HCP Inc. bought the two-building Scripps Wateridge Corporate Center office campus in Sorrento Mesa, a neighborhood in northwestern San Diego County, for $26.1 million, according to CoStar Group and public data.

By Lou Hirsh June 15, 2017 10:21 a.m. share »
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First Foundation Buys Bank

Irvine-based First Foundation Inc. said it purchased Community 1st Bancorp for $50.4 million in stock to increase its presence in the Sacramento region.

By Peter J. Brennan June 15, 2017 10:16 a.m. share »
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One Irvine Co., ROC Suit Resolved

The Irvine Co. reached an agreement with Newport Beach-based Real Office Centers on one of the properties it had filed an eviction-based lawsuit against the company over, an Irvine Co. spokesman told the Business Journal.

By Deirdre Newman June 14, 2017 5:09 p.m. share »
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Family Businesses Honored

About 325 people attended the Business Journal’s 18th annual Family-Owned Business Awards luncheon at Hotel Irvine on Wednesday.

By Megan Cole June 14, 2017 4 p.m. share »
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Kellogg Leaving La Palma

Michigan-based Kellogg Co. is shuttering its distribution center in La Palma and cutting 280 jobs there, according to a Worker Adjustment and Retraining Notification the cereal and snack giant filed with the state Employment Development Department.

By Mediha DiMartino June 14, 2017 11:27 a.m. share »