Orange County Business Journal

FINANCE

Recent and archived news stories on: Banks, Credit Unions, Mortgage Lending, SBA, Stocks/Bonds, Venture Capital, Wealth Management...
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9 Builders Tapped for 2nd Great Park Home Site

Irvine-based Standard Pacific Corp. is the lone locally-based homebuilder tapped to build homes at Beacon Park, the second community planned for the Great Park Neighborhoods.

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Sunstone Gets New CEO

Sunstone Hotel Investors Inc. president John Arabia has been appointed chief executive of the Aliso Viejo-based company.

Maseeh in Middle; Plenty of Ties to Presidential Timber

What does St. Margaret’s Episcopal School have in common with UCI, USC, MIT and Portland State University?

Lincoln Properties Buys Biggest Office in Los Al

REAL ESTATE: 2 buildings, 150,000 SF on 10 acres

The local office of Dallas-based Lincoln Properties Corp. has bought the largest office property in Los Alamitos.

LB Energy Drink Now Amway Product

FOOD: Buys XS Energy to draw young entrepreneurs

A Laguna Beach-based energy drink maker with $150 million in sales was sold Jan. 9 to Ada, Mich.-based Amway Corp., its exclusive distributor, the two companies said.

St. Joseph Hoag, Irvine Company Extend Partnership

HEALTHCARE: 2nd edition of concept at Jamboree Center

St. Joseph Hoag Health has laid another building block for the integrated regional care delivery it is establishing in Orange County.

Plaza Bank to Buy Bank of Manhattan

Irvine-based Plaza Bank agreed to acquire Bank of Manhattan in El Segundo in a deal valued at about $52 million.

Incipio in Deal With Snowboard Firm

Incipio Technologies Inc. in Irvine said it signed a multiyear licensing deal with Burton Snowboards to manage the manufacturing and distribution of accessories for various mobile devices for the Burlington, Vt.-based company.

Wanted: Best Places to Work for OCBJ’s List

CALL FOR ENTRIES: Website set to take entries until March 20

Is your workplace great?

2014 Sales End on Satisfying Note, 2015 Starts Strong

17 $4M-and-Up Homes Sell in Month on OC Coast

Seventeen homes in coastal Orange County closed for $4 million or more between Dec. 1 and the week ending Jan. 8, according to public records and the Redfin website.

Edwards Reaches to Roots for Engineer Training

U. of Oregon Partnership Helps Teach Engineers

Irvine-based Edwards Lifesciences Corp., maker of replacement heart valves and other cardiovascular devices, is working with the Oregon Health & Science University in Portland, Ore., on a technical training program.

Retail Market Benefits From Improving Economy

The Orange County retail market continued to improve in the third quarter as demand increased.

Times’ Former Parent Seeks Partners on Costa Mesa Plant

21-Acre Site Now Unused, Redevelopment Planned

Development activity could move ahead this year at a former Los Angeles Times printing plant in Costa Mesa that’s long been a source of speculation of a potential sale or redevelopment, according to its owner.

Real Estate Deals

Sales and leases of offices, industrial buildings, retail space and apartments

Sales and leases of offices, industrial buildings, retail space and apartments

Q&A

The Business Journal’s Jane Yu asked local law firms whether the pace of associate hires has picked up in recent years after a long slowdown hiring in the industry following the recession. Yu also asked attorneys how they’re grooming young talent for their firms’ future leadership. Here are edited excerpts of their responses:

Law Firms Add Attorneys After Two Years of Cuts

Headcount Up 3.2%; More Make List Due to Growth

The biggest law firms in Orange County grew their workforces in 2014, breaking a two-year streak of cuts in attorney headcount.

Hyden's Other Marathon

Latham & Watkins Partner Finished Boston Just in Time for Allergan Saga

Cary Hyden used to think a marathon covered 26 miles, 270 yards.

Allergan Execs Hold Own at Operations Level

An early look at Actavis PLC’s plans to integrate its $68 billion acquisition of Allergan Inc. signals that operations executives from the Irvine-based drugmaker will maintain a strong presence in the combined company.

Auto R&D Plant Bound for Irvine

REAL ESTATE: Self-storage to rise on 10 acres next door

A 14-acre property in Irvine near the Tustin Legacy development site is expected to be converted into a manufacturing center for a Japan-based automotive research and development company, with a self-storage facility slated for next door.

Oculus Moves HQ to Silicon Valley

TECHNOLOGY: Sets up shop next to Facebook’s new campus

One of Orange County’s most promising technology companies has moved to Silicon Valley.

Mexican Connection

Imperio Auto Group Bases OC Bet on Nissan Brand, Grass-Roots Financing, New License Law

Orange County’s position at the heart of California’s car culture might be enough all by itself to draw the interest of some auto dealers.

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Lyon Starts Mortgage Arm With Stearns

Newport Beach-based homebuilder William Lyon Homes has partnered with Stearns Lending LLC in Santa Ana to create William Lyon Mortgage LLC.

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NB Investor Buys Furniture Maker

Newport Beach-based investment firm Excelsior Capital Partners LLC has acquired office furniture maker Via Seating Inc.

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Wet Seal Files Chapter 11

Foothill Ranch-based retail chain Wet Seal Inc. filed for Chapter 11 bankruptcy on Thursday, and said it plans to continue to operate its recently pared-down business under the jurisdiction of the court.