Orange County Business Journal

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Recent and archived news stories on: Banks, Credit Unions, Mortgage Lending, SBA, Stocks/Bonds, Venture Capital, Wealth Management...

Device Maker Gets $38M in New Round

San Clemente-based ReShape Medical Inc. received a $38 million round of financing.

By Vita Reed August 31, 2015 midnight   $$ Share
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Hueston to Represent Navajo Nation in Spill Claims

Orange County attorney John Hueston has been tapped to represent the Navajo Nation in a lawsuit against the U.S. Environmental Protection Agency.

Advantage OC

‘Outdoor Living’ Leads Sports Gear Maker to Fountain Valley

A big chunk of the operations of the newly organized and renamed United Sports Brands will move into a 134,000-square-foot shop in Fountain Valley in December—just in time to remind employees who will be relocating from the Midwest of a key reason for the move.

Global Drama, Local Grind

OC-Based Public Companies Take Share of Licks, Carry On

Orange County’s diverse crop of publicly traded companies held up relatively well as worries about China’s economy whipsawed the stock market here and in other markets around the world.

Next in Anaheim: JW Marriott Set to Join Hotel Lineup

HOSPITALITY: 4-diamond entry expected for GardenWalk area

A 2.8-acre parcel near Anaheim GardenWalk is in line for a 466-room, 12-story JW Marriott hotel, according to documents filed with the city of Anaheim.

Stadium Towers Owner Sees Room for More

REAL ESTATE: Could add 300,000 SF, 15 stories on Katella

The owner of Stadium Towers Plaza, a 12-story office next to Angel Stadium of Anaheim, is in the early stages of planning to double down on the same site.

Electronics Makers See Flat Employment Pace

18 Biggest Companies Add Just Nine Employees

Employment at the county’s largest contract electronics makers was flat over the past 12 months, despite steady sales growth in the industry worldwide.

About That 100,000; Kudos for Ingram; Prediction for Aitken

A key number overlooked in last week’s initial blast of publicity on the $68 million makeover of the central plaza at the Segerstrom Center for the Arts: 100,000.

Majority Stake in MainPlace Part of Bigger Sale

RETAIL: Santa Ana center 1 of 5 said to be in $1.1 billion deal

Sydney-based Westfield Corp. is expected to sell a majority stake in Westfield MainPlace in Santa Ana to a partnership headed by USAA Real Estate Co. in San Antonio, Texas.

South Korea-Based Game Maker Sets Sight on West

TECHNOLOGY: NCSOFT hires 100 in Aliso Viejo

South Korea-based video gaming giant NCSOFT Corp. is pouring big money into expanding its Aliso Viejo operations in a global effort to bring a roster of popular role-playing fantasy games to the West under a new business model.

Stantec Buys Another Neighbor in Irvine

SERVICES: Latest deal brings ‘unique skills’ on water work

Irvine-based civil engineering firm VA Consulting Inc. has been acquired by Stantec Inc. on undisclosed terms.

Western Digital Cuts More OC Jobs

Western Digital Corp. eliminated 81 positions from its Irvine headquarters in its second round of layoffs in the past three months.

Quality Systems CEO Reflects on Early Days on Job

Frantz Settles In, Focuses On Clients, Employees

Quality Systems Inc. Chief Executive Rusty Frantz is starting to “settle into my new role here” after replacing longtime leader Steven Plochocki in July.

Incubator Move to OC to Boost Startup Aid Network

Cie Digital Aims For Up To 4 Launches Per Year

Cie Digital Labs’ recent move from Long Beach to Irvine could boost OC’s developing ecosystem of incubators, a mix of real-estate-driven plays, public and private partnerships, and co-working spaces.

Volt Eyes Sale of 12-Acre Office Campus in Orange

Aims For 10-Year Leaseback of Western Hub

Volt Information Sciences Inc., a New York-based provider of staffing services, has put its Orange office campus on the market.

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Anna’s Linens Postpones Part of Auction

Anna’s Linens Inc. in Costa Mesa has postponed the auction of its intellectual property, according to documents filed with the U.S. Bankruptcy Court for the Central District of California in Santa Ana.

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Job Cuts at WD

Western Digital Corp. has cut 81 positions at its Irvine headquarters, slightly more than 4% of its local employment base, the company confirmed to the Business Journal.

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Tilly’s Mixed Quarter

Shares in Tilly’s Inc. fell in after-hours trading Wednesday after missing Wall Street expectations but rose again by midday Thursday on higher net sales.

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Corinthian BK Approved

Corinthian Colleges Inc.’s bankruptcy plan was approved by a bankruptcy judge, the Wall Street Journal said.

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ReShape Gets $38M in Financing

San Clemente-based ReShape Medical Inc. said today it received a $38 million round of financing.

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Stearns to Sell Majority Stake to Blackstone

Santa Ana-based mortgage lender Stearns Holdings LLC has agreed to sell a majority stake to the Blackstone Group LP, a global asset manager in New York.

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Stearns to Sell Majority Stake to Blackstone

Santa Ana-based mortgage lender Stearns Holdings LLC has agreed to sell a majority stake to the Blackstone Group LP, a global asset manager in New York.

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OC Cuts Jobs, Unemployment Rate Up

Orange County’s unemployment rate inched up last month as employers continued to make job cuts.

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QLogic Makes Leadership Changes

QLogic Corp. this morning announced that two women will take the top management posts of the Aliso Viejo-based-based networking equipment maker.

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San Clemente Software Maker in $55M Buy

DealerSocket Inc. in San Clemente said it will buy the Inventory+ suite of technology products from Lake Success, N.Y.-based Dealertrack Technologies Inc. for $55 million in cash.