Orange County Business Journal

FINANCE

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

$81M Defense Contract to Manufacturer

Irvine-based N2 Imaging Systems LLC was awarded a five-year, $81 million Defense Department contract to develop and manufacture sniper scopes.

New OC Company Developing Cannabis-Based Drug

Compound Could Treat Chemo-Induced Pain

Douglas Ingram’s drug development work encompasses more than just Alzheimer’s disease, which his Irvine-based Chase Pharmaceutical Corp. focuses on.

Homebuilder TRI Pointe Moves Local Division

HQ Staying at For-Sale Google Center Campus

Irvine-based homebuilder TRI Pointe Group Inc. is moving its Southern California division closer to some of the projects it has under way on the Irvine Ranch.

Slyde Handboards Gears Up for Summer Sales Tour

‘Shark Tank’ Investment, Beach Cleanup Lift Brand

A startup that created a brand of handboards, a one-handed surfboard that straps to a surfer’s hand for bodysurfing, started its summer tour over Memorial Day weekend.

$100M Raise Points to Cybersecurity Niche

The $100 million raised by Cylance Inc. last week highlights the booming demand for software security needed to thwart malicious cyberattacks in the public and private sectors—and the growing appetite of venture capitalists to fund Orange County-based businesses that are taking on the challenge.

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New Chancellor for Research at UCI

University of California-Irvine has named Pramod Khargonekar its vice chancellor for research, effective June 30.

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Cylance Raises $100M

Irvine-based security software maker Cylance Inc. has raised $100 million in a Series D funding round led by Blackstone Tactical Opportunities and Insight Venture Partners.

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Confie Buys in Calabasas

Huntington Beach-based insurance provider Confie acquired on undisclosed terms ExpressLink Inc. in Calabasas.

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Alliant Buys Carwash Insurer

Newport Beach-based insurance broker Alliant Insurance Services acquired on undisclosed terms the Western Carwash Insurance Program in Sacramento.

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Sniper Scope Maker in $81M Contract

Irvine-based N2 Imaging Systems LLC has been awarded a five-year, $81 million Defense Department contract to develop and manufacture sniper scopes.

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Pacific Premier Bancorp Names CFO

Irvine-based Pacific Premier Bancorp, Inc. named Ronald J. Nicolas, Jr., Chief Financial Officer of the company and the bank.

Inventory of Experts

Wing of UCI Incubator Roster Includes 400 ‘Experts-in-Residence’

Startup Flyt turned to Dan Jenkins when it needed a mentor.

Google Campus On Jamboree Leads OC Office Listings

REAL ESTATE: Some $1.3B worth of deals in pipeline amid rising rents

The five-building Irvine office campus that holds the local operations of Google Inc. and others is up for sale, headlining an Orange County office investment market that’s seeing its heaviest activity in over eight years.

Hot Start for New Home’s Latest in Newport Coast

REAL ESTATE: 12 of 55 luxe homes sold ahead of opening

Hefty price tags don’t appear to be stifling interest in the last big housing community slated for the Newport Coast community of Crystal Cove.

Palace Boss Adds Top Job at Parent Company in Spain

HOSPITALITY: Move came as Parques Reunidos prepped IPO

Palace Entertainment Holdings LLC President and Chief Executive Fernando Eiroa has taken on chief executive duties at its parent company.

Oculus Buttons Up Last Operations at Original HQ in Irvine

TECHNOLOGY: Software team will head to Silicon Valley

Oculus VR Inc., a trailblazer that put Orange County on the virtual reality map, has moved the last remnants of its local operation to Silicon Valley.

PE Firm Sells Electronics Supplier

Newport Beach-based Windjammer Capital Investors, one of Orange County’s long-standing private equity firms, sold Irvine-based electronics components supplier Infinite RF Holdings Inc. on undisclosed terms to San Francisco-based private equity firm Genstar Capital.

Software Maker Takes in $1.4 Million

San Juan Capistrano-based data-analysis software maker NarrativeWave Inc. received $1.4 million in new funding, bringing its cumulative amount raised to $2 million.

Burger Chain Plans OC Spots

Burger Boss LLC in Corona plans to open at least five corporate-owned locations in Orange County by year-end.

Steadfast a Record Maker with Music City Purchase

$110M Apartment Deal Tops for Nashville Region

An affiliate of Irvine-based Steadfast Cos. has bought a big apartment complex in the suburbs of Nashville, Tenn., in what local news reports say is the priciest multifamily deal the area has ever seen.

Chapman U. Incubator Ventures Into Show Business

Links Lawyers, Students For Entertainment Startups

Chapman University’s Leatherby Center for Entrepreneurship has expanded into entertainment. The shift at the incubator comes at the direction of Professor Judd Funk, a former entertainment lawyer who worked for several Hollywood studios and who teaches at Chapman’s law and film schools.

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Montage’s Pendry in Baltimore Named

The Baltimore hotel Montage Hotels & Resorts will run under its Pendry brand has been named Sagamore Pendry Baltimore.

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Data Analytics Company Launches

A Frost Data Capital data analytics startup officially launched today.

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Broadcom Shares Up on Outlook

Shares of Broadcom Ltd. were up after the chipmaker announced adjusted profits in the May quarter that topped Wall Street expectations and gave a sales outlook for the current quarter.