OC BUSINESS JOURNAL DAILY NEWS

Ayres SD Hotel Breaks Ground

An Ayres Hotel is part of a development breaking ground tomorrow in Chula Vista.

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Fashion Island at 50

‘You had to dream a lot’ in ’67

Every pair of shoes Tom Gazsi wore until he reached high school, his parents bought at Dick Marowitz’s Newport Children’s Bootery at Fashion Island—“Adidas, saddle shoes, dress shoes, everything!”

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Mining for New Business

RETAIL: Newport’s Lugano went retail in ’05, east in ’17

Aspen’s the new spot to get Lugano Diamonds’ designs. The Newport Beach-based luxury jeweler opened its third salon in the Residences at The Little Nell, a mixed-use complex a stone’s throw from the ski slopes.

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Midday Stock Roundup

The S&P 500 was up 0.3% in midday trading to 2,444.46.

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ACC North Gives NAMM Room

The 200,000-square-foot Anaheim Convention Center expansion has driven official notice by its biggest client that it, too, is in growth mode.

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Cylance Hires CFO; Says Sales Climb 283%

Cylance Inc., the fast growing Irvine-based maker of artificial intelligence software to combat computer viruses, named Brian Robins chief financial officer.

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Blizzard Sells E-Team to Rams Owner

Blizzard Entertainment Inc.’s Overwatch League, a professional video gaming competition, will include an e-sports franchise fielded by Los Angeles Rams owner Stan Kroenke and his son Josh.

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Midday Stock Roundup

Indices declined in midday trading on tension over North Korea.

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Hotel Sales Mid-Year Tally: $372M

16 OC hotels sold for more $372 million in the first six months of the year—an average of $23.3 million and 201% higher by dollar volume than in the same period last year.

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Del Taco Names CMO

Del Taco Restaurants Inc. in Lake Forest named Barry Westrum chief marketing officer.

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Midday Stock Roundup

The S&P 500 was down 0.3% in midday trading to 2,467.47.

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LPA Names New CEO

LPA Inc., the largest architectural firm in Orange County, named Wendy Rogers as chief executive officer, succeeding Robert Kupper who was CEO for 30 years.

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Pacific Premier Buys Plaza Bancorp

Irvine’s Pacific Premier Bancorp (NASDAQ: PPBI) bought neighbor Plaza Bancorp (OTC Pink: PLZZ) in an all stock deal for $226.3 million.

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Disney Parks: Q3 Bright Spot

Walt Disney Co.’s Parks and Resorts Segment had $1.2 billion in operating income on revenue of $4.9 billion in the Burbank-based entertainment company’s most recent quarter, growth of 18% and 12%, respectively.

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Anaheim Visitors Spend $710M in May

Visit Anaheim said 2.4 million people visited the city in May and spent $710 million countywide.

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Midday Stock Roundup

The S&P 500 was up 0.2% in midday trading to 2,486.22.

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ASICS Stumbles in Q2

ASICS America Corp.’s sales in June quarter declined 8.9% to $231.2 million, according to figures provided by its parent, Japan-based ASICS Corp.

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Long Beach Airport Up YTD

Long Beach Airport’s passenger count was up 47% in the first six months of this year—to 1.8 million fliers, from 1.3 million in the same period last year.

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PIMCO ‘Engine Again’

Newport Beach’s Pacific Investment Management Co. reported second-quarter operating profit climbed 17% to 450 million euros.

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Midday Stock Roundup

The S&P 500 was up 0.1% in midday trading to 2,479.45.

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Willdan Buys Data Firm

Willdan Group Inc. in Anaheim bought Integral Analytics Inc. in Cincinnati.

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Mapping Technology Firm Moving Irvine HQ to URP

REAL ESTATE: Digital Map move follows VC funding, buy

The latest technology tenant that Irvine Co. has landed to replace Broadcom Ltd. at University Research Park shouldn’t need help with directions to its new headquarters.

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With Partner H.I.G., Trace3 Could Go Big

TECHNOLOGY: ‘Very deep pockets ... a very good thing’

Irvine IT services provider Trace3 could change its long-held growth strategy under the financial muscle of new private equity owner H.I.G. Capital.

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No Land, No Problem For Developer Western Realco

$40M in Buys Kick Off 1-Million-SF Beckman Project

Western Realco isn’t the only game in town right now when it comes to industrial development in Orange County.

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Canterbury Tries to Reallocate Expectations

FINANCE: Advisory says endowments reporting good FY ’17

It was a good fiscal year for the endowments of many charities.

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