Orange County Business Journal

FINANCE

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

Buchanan Street Bolsters Portfolio Beyond OC Base

REAL ESTATE: Gets low-rises in SoCal, 10-story Dallas office

Recent deals for three low-rise offices in Southern California capped off an active couple of months for Newport beach-based Buchanan Street Partners, which has also added a 10-story office in Dallas to its portfolio of recent investments.

Raj Buys Basta Swim, Beachwear Brand

Raj Manufacturing LLC in Tustin acquired Basta Co., a New York-based swim and beachwear brand. The financial details of the deal were not disclosed.

Golden State Plans $40M Alabama Plant

Irvine-based food manufacturer and distributor Golden State Foods Corp. is planning to spend about $40 million to build a meat processing plant in Alabama.

Octane Head Leaves for San Diego

Matthew Jenusaitis will step down as president and chief executive of Aliso Viejo-based Octane to join the University of California San Diego Healthcare System.

New Scholarship Program at Chapman

The Simon Foundations in Newport Beach and Chapman University in Orange plan to offer scholarships to four high school students a year to major in science, technology, engineering and math (STEM) disciplines.

Irvine-Based REIT Discusses Probe of Biggest Tenant

HCP Says Nursing Home Operator Cooperating

Executives at Irvine-based HCP Inc. are standing behind their largest tenant, which is being investigated by the Department of Justice and several other federal agencies.

Mid-Counties Industrial Market Notches Strong Q4

The Mid-Counties industrial market saw a 47% increase in year-over-year gross absorption in the fourth quarter, or nearly 2.5 million square feet compared to roughly 1.7 million square feet.

Legal Job Ad Question: Is Vizio Mulling IPO?

Desired Skills Include SEC Filings, Pre-IPO Know-How

Is Irvine-based Vizio Inc. mulling an initial public offering?

Brea Industrial Project Moves Ahead on Imperial

Clarion, Pacific Industrial Buy Site From Greenlaw

Land in Brea that once held an RV storage facility is on the fast track to hold one of the city’s largest new industrial buildings.

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Henry Segerstrom Passes

Henry Segerstrom has died at age 91, after a short illness, according to C.J. Segerstrom & Sons, owner and manager of South Coast Plaza.

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McCulley Leaves Pimco

Paul McCulley has stepped down as chief economist and managing director at Newport Beach-based Pacific Investment Management Co.

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Pac Merc Adds Directors

Pacific Mercantile Bancorp has added two directors to its board, including the head of Aviation Capital Group Corp., a subsidiary of Newport Beach-based Pacific Life Insurance Co.

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MV Insurance Firm Acquired

Mission Viejo-based E&O Professional Risk Management and Insurance Services LLC has been acquired by Integro Ltd. in New York.

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Corinthian Campuses Close in Canada

All of Corinthian Colleges Inc.’s 14 locations in Canada have been shuttered by regulators there, news reports said.

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Architect Gives to SC Hospital Effort

Lawrence Armstrong, a San Clemente resident and chief executive of Irvine-based architecture and planning firm Ware Malcomb, said today that his firm will donate $250,000 worth of design and planning services to keep the current Saddleback Memorial Medical Center San Clemente campus open.

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Simon Scholars, Chapman Join Forces

The Simon Foundations in Newport Beach and Chapman University in Orange plan to offer scholarships to four high school students a year to major in science, technology, engineering and math (STEM) disciplines.

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Oggi’s to Tap Fast Casual Trend

San Clemente-based Oggi’s Pizza and Brewing Co. has opened an “express” location at the Village at Orange mall, marking the 23-year-old chain’s local entry into the fast-casual, build-your-own pizza arena.

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BJs Revenue, Income Up

Huntington Beach-based BJ’s Restaurants Inc. said its fourth-quarter and full-year revenues and profits increased compared with the same periods in 2013.

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Top Billing for Allergan Name

The Allergan name will remain the calling card of the company that will be formed after the Irvine-based drug maker’s estimated $69 billion acquisition by Dublin-based Actavis Plc.

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ReShape Raises More Money

San Clemente-based device maker ReShape Medical Inc. raised $6.75 million in debt financing, according to a Securities and Exchange Commission filing.

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Kaiser Aluminum Beats Expectations

Kaiser Aluminum Corp. beat Wall Street expectations on revenue and earnings for the fourth quarter and full year.

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Golden State Plans $40M Ala. Plant

Irvine-based food manufacturer and distributor Golden State Foods Corp. is planning to spend about $40 million to build a meat processing plant in Alabama.

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Masimo Beats on Q4

Irvine patient monitor maker Masimo Corp. reported financial results after markets closed Tuesday that surpassed Wall Street expectations.

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Raj Buys NY Brand

Raj Manufacturing LLC in Tustin said it acquired Basta Co. LLC, a New York-based swim and beachwear brand.

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HireRight Parent Files for BK

The parent company of Irvine-based employment screening firm HireRight Inc. has filed for bankruptcy protection.