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Two investors who helped Aaron Kushner and Eric Spitz finance the purchase of Freedom Communications in 2012 have asked the Delaware Chancery Court to put the media company’s operations into receivership, claiming “it needs independent oversight because the company is insolvent and in financial distress from mismanagement,” according to the website Law360.November 6, 2014 11:52 a.m. Share
Orange County added 9,000 jobs in November, continuing a streak of monthly job gains since a dip in August.
Sanuk USA LLC founder Jeff Kelley said he will “transition from an active role” at the Irvine-based footwear brand by the end of the year.
Wet Seal Inc. said it amended its loan terms with Bank of America N.A. and will now provide reports on the value of its assets to the lender on a weekly basis instead of once a month as previously agreed.
Jeff Kelley, founder of Sanuk USA LLC, said he will “transition from an active role” at the Irvine-based footwear brand by the end of the year.
Wet Seal Inc. said it amended its contract with Bank of America N.A. and will now provide reports on the value of its assets to the lender on a weekly basis instead of once a month as previously agreed.
Brand Affinity Technologies Inc. has hired Irvine-based GlassRatner Advisory & Capital Group LLC to find potential bidders to acquire the cash-depleted advertising and social media company, according to a filing in bankruptcy court.
Irvine-based Insightra Medical Inc. has raised $12 million in a pair of fundings, according to a regulatory filing.
Irvine-based Yard House saw quarterly same-store sales increase by 3.7% year-over-year according to the most recent report from its parent company, Darden Restaurants Inc., in Orlando, Fla.
Actavis PLC said today it plans to replace most of the top executives at Allergan Inc. with its own personnel when its $68 billion acquisition of the Irvine-based drug maker closes next year.
The parent company of Irvine-based Juice It Up said it hired Laina Sullivan as its first vice president of business development, with duties to include franchising, site selection and lease negotiation.
Healthcare-focused venture capital firm Versant Ventures has raised $305 million for its latest fund.
A San Jose-based unit of Western Digital Corp. has acquired a maker of solid-state storage systems used in scaling cloud and enterprise data centers.
REAL ESTATE: Renovation seen for 300-room Anaheim Plaza
A 300-room hotel across the street from the Disneyland Resort in Anaheim is expected to see a major renovation following its sale to a Hong Kong-based investor.
My, how you’ve grown. What else to say about Orange County’s business landscape over the past year?
Sales and leases of offices, industrial buildings, retail space and apartments
5-Building Project Part Of $120M JV With Prudential
CT Realty is moving ahead on a $25 million industrial project in Riverside in the first deal the Aliso Viejo-based developer has made with a large institutional investor it recently partnered with.
Much of this week’s issue is dedicated to a look back at 2014, which has proved to be a remarkable year in many respects for the community of business in Orange County (see overview, page 1; coverage by industry, pages 5 through 18).
REAL ESTATE: Plan for Tustin office continues trend
Bixby Land Co. is set to undertake its largest creative-office redevelopment project in Orange County to date at an industrial building in Tustin.
We picked the veteran chief executive of Irvine-based Allergan Inc. as a the person to watch for a number of reasons, including the expectation of new products and his pick of a clear No. 2 executive in Douglas Ingram, Allergan’s president.
Orange County’s biggest landlord grabbed more than its share of headlines this year, confirming our choice of Doug Holte, who heads the office properties division for Irvine Company, as 2014’s person to watch for real estate.
Gross made the biggest people-on-the-move news in the finance industry this year, leaving Pacific Investment Management Co. for much-smaller rival Janus Capital Group.
Our prediction of a healthy year for local hotels proved accurate. Our person to watch was Ralph Grippo, president of Irvine Company Resort Properties.
The Quiksilver Inc. boss continued to reshape the operations of the brand, which once again struggled despite its heritage as a pioneer of the surfwear sector.
We said to keep an eye on Irvine-based Taco Bell Corp. Chief Executive Greg Creed as he began overseeing the brand worldwide in January.
2014 Appears To Eclipse Luxury Sales Last Year
Orange County’s coastal region is as renowned for its sophisticated yet laid-back vibe as it is for its captivating scenery.