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Stadium Site Will Be Turned Into Homes
Irvine-based Standard Pacific Corp. is moving ahead on a housing development at the former site of a Cactus League baseball stadium in Chandler, Ariz.
Shares of Jazz Pharmaceuticals PLC rose today after an industry website said it would likely be the most viable deal target for Irvine-based Allergan Inc.
Newport Beach-based Alliance HealthCare Services Inc. may consider putting itself up for sale, according to a report published today.
Shares of Quiksilver Inc. dropped about 11% to $2.51 and market value of about $428.5 million in after-hours trading Thursday after the retailer posted a big loss and a steep drop in revenue for the quarter ended July 31.
Newport Beach-based Alliant Insurance Services Inc. has acquired Moloney + O’Neill in Spokane, Wash. on undisclosed terms.
Chesapeake Lodging Trust said it sold the 153-room Courtyard Anaheim at Disneyland Resort for $32.5 million, or about $212,000 per room.
Costa Mesa-based El Pollo Loco Holdings Inc. reported net income of $6.6 million and 21 cents per share for its second quarter ended June 25, 2014, compared to $410,000, or 1 cent per diluted share in the same period last year.
Irvine-based medical device company AcuFocus Inc. has received $21 million in new venture funding.
Anaheim-based bathtub manufacturer Aquatic has been acquired by the Sterling Group, a private equity firm in Houston.
Trading in shares of Foothill Ranch-based Wet Seal Inc. was halted for several hours after the market opened today.
Foothill Ranch-based Wet Seal Inc. Chief Executive John Goodman left the company August 26 and was replaced by former Chief Executive Edmond Thomas, according to regulatory filings.
Irvine-based Pacific Premier Bancorp Inc. has sold $60 million worth of notes to private investors.
Irvine-based Biolase Inc. said today that Jeffrey Nugent is now the company’s permanent chief executive. Nugent, a Biolase director, had served as acting chief executive since June.
Irvine-based Allergan Inc. said today that it filed an answer in U.S. District Court to a countersuit filed by Valeant Pharmaceuticals International Inc. and activist investor Bill Ackman’s Pershing Square Capital Management.
Irvine-based software maker Kofax Ltd has agreed to pay $34.7 million in cash for Softpro GmbH, a German company that specializes in electronic signature software and services.
The Costa Mesa-based parent of the Elephant Bar restaurant chain is slated to be bought out of bankruptcy and will be operated by a Dallas-based restaurant company.
Education Programs Aim for Neighborhoods
Luis Castillo experienced something entirely new when he was touched by the Summer at the Center program back in 1994.
HEALTHCARE: Innovation Institute gets four buildings, 263,000 SF
The Innovation Institute LLC, a La Palma-based for-profit healthcare company formed by St. Joseph Health in Irvine last year, has taken over ownership of four medical buildings surrounding Mission Hospital in Mission Viejo.
MARKETING: Manufacturing, R&D upgrades in Buena Park
Amway Corp. is expanding the Buena Park operations of its Nutrilite supplements brand with a $42 million investment for new manufacturing and research facilities.
Savvy, Tech-Smart Gen Y Maps Out Its Own Way
Look who grew up. Generation Y, born roughly between 1980 and 2000 and also known as the Millennials, is leaving its mark on everything it comes into contact with, and that includes philanthropy.
40 Give $33M Locally Last Year, Down 9.3% From ’12
Private foundations based in Orange County gave $156.2 million overall based on their most recent data compared to $128.7 million a year ago—21.4% higher—but their local giving was down, according to data compiled by the Business Journal.
Foundations, Firms’ Charity Arms Give 3.1% More OC Cash
Total cash giving by 35 corporate foundations and company charitable arms active in Orange County dropped 6.4% from a year ago. But discounting two major, one-time giving efforts in 2012 from the largest giver on that year’s list, Wells Fargo & Co. there was a fractional boost for the year—the fourth straight of positive increases, the Business Journal’s list shows.
FINANCE: CBC buys building for move from Costa Mesa
Commercial Bank of California has moved its headquarters from Costa Mesa to a building it has purchased in Irvine.
FINANCE: Proceeds pegged for community development projects
A Lake Forest-based lender primarily focused on community development has received $100 million through bond debt backed by the U.S. Department of the Treasury and targeted for use on projects in low-income and underserved areas.
Santa Ana-based Corinthian Colleges Inc. said it would sell some assets to raise money to fund the winding down of its operations and, separately, that it had paid back rent its landlord said it owed.