Orange County Business Journal

OC BUSINESS JOURNAL DAILY NEWS

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Vans’ Revenue Tops for VF Corp.

Annual revenue at Vans Inc. climbed 6% to $2.3 billion in 2016, making it the largest and fastest growing brand for parent VF Corp.

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Palace Parent Posts Gains, Pares Loss

Palace Entertainment Holdings LLC in Newport Beach reported higher revenue in its most recent quarter, as part of a quarterly report by publicly traded parent Parques Reunidos Servicos Centrales SA in Madrid.

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Second Pendry Set for March

The Sagamore Pendry Baltimore hotel is set to open March 20 in the Fells Point neighborhood of the city, following the debut of the first Pendry in San Diego’s Gaslamp quarter earlier this month.

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Gen. William Lyon Steps Down from Homebuilder's Board

Newport Beach-based homebuilder William Lyon Homes said that its namesake and founder, General William Lyon, has stepped down as a director of the company.

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Aliso Viejo Ad Tech Shop to Close

iHeartMedia Revenue Platforms is shutting down its Aliso Viejo office and moving operations to Texas.

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Midday Stock Roundup

The S&P 500 was down 0.1% to 2,343.22.

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New GM for Element Skateboards

Element Skateboards Inc. in Irvine named David Brooks its new global general manager, the brand’s top executive position.

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CoreLogic CEO Takes Temporary Leave

Irvine-based CoreLogic Inc. said that Chief Executive and President Anand Nallathambi is taking a temporary medical leave of absence from the company.

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Vanguard Exec to Head Nurse Group

Mary Wickman, director of nursing and professor of nursing at Vanguard University in Costa Mesa, was named president of the Association of California Nurse Leaders.

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Midday Stock Roundup

The S&P 500 was up 0.3% in midday trading to 2,343.58.

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Midday Stock Roundup

The S&P 500 was up 0.2% in midday trading to 2,333.77.

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OCVA Names New Board

Orange County Visitors Association named its new board for the 2017-2018 term.

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Sunstone Sells Fairmont for $125M

Hotel REIT Sunstone Hotel Investors Inc. in Aliso Viejo sold Fairmont Newport Beach for $125 million.

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Montage's Pendry San Diego Opens

The Pendry San Diego opened last week in downtown San Diego’s Gaslamp Quarter; Pendry is the lifestyle urban hotel line of Montage International in Irvine, which also runs Montage Hotels & Resorts properties, including a flagship location in Laguna Beach.

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Midday Stock Roundup

The S&P 500 was up 0.6% to 2,329.76.

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Joe DeFranco Dies at 94

Longtime business executive and bon vivant Joseph DeFranco died Sunday at his home in Newport Beach at the age of 94.

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$2.47B Allergan Buy Adds in Irvine

Allergan PLC announced that it will buy Pleasanton-based Zeltiq Aesthetics Inc.’s CoolScupting System for $2.47 billion, or $56.50 per share, in a transaction that’s expected to be completed in the second half of 2017.

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Hotel Deals Down in 2016

22 hotels sold in Orange County for $807 million last year, down 19% and 54%, respectively, from 2015, when 27 hotels sold for $1.8 billion, according to Atlas Hospitality Group in Irvine.

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Magazine Refreshes

Motorcyclist magazine in Irvine will debut a new look with its March/April issue, which goes on sale Feb. 28.

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Volcom Down in 2016

Costa Mesa-based Volcom Inc. posted $256.8 million in 2016 revenue, a 13.5% decrease from the prior year, according to Kering S.A., its Paris-based parent.

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Midday Stock Roundup

The S&P 500 was up 0.4% in midday trading to 2,317.10.

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JWA November Traffic Up

John Wayne Airport reported 865,000 passengers flew in and out of the airport in November, up 3.5% year-over-year.

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Disney Sets Star Wars Land Date

Disneyland Resort will open Star Wars Land in 2019, Walt Disney Co. Chairman and Chief Executive Robert Iger said on the company’s quarterly conference call.

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Bank's Shares Jump After Report

Shares of Irvine-based Banc of California Inc. soared after the bank issued a statement saying an independent investigation exonerated the company of accusations by a blogger.

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Midday Stock Roundup

The S&P 500 was up 0.6% in midday trading to 2,308.68.