FINANCE

Pieology Heads South

Pieology Pizzeria in Rancho Santa Margarita said an area developer will open two locations in Mexico City by year-end in the city’s Polanco and San Jose de Insurgentes Sur neighborhoods, the first of 47 locations in the country.

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Grants at UCI Top $375M

University of California-Irvine researchers received more than $378 million in grants and contract funding for fiscal 2016-17, the second-highest total in campus history, UCI said.

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Market Concerned About Sabra REIT’s CCP Buy

But Company Plans To Go Forward With Deal

Irvine-based Sabra Health Care REIT Inc.’s $7.4 billion all-stock merger with Care Capital Properties Inc. in Chicago—which will create a company with a portfolio of 546 investments across 43 states and Canada—faces some headwinds after proxy advisory firm Institutional Shareholder Services Inc. recommended Sabra shareholders oppose the acquisition.

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Fashion Island at 50

‘You had to dream a lot’ in ’67

Every pair of shoes Tom Gazsi wore until he reached high school, his parents bought at Dick Marowitz’s Newport Children’s Bootery at Fashion Island—“Adidas, saddle shoes, dress shoes, everything!”

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Industrial Deal Puts Sears’ OC Sales Near $228M

LBA Buys Big Industrial Site on Warner For $41M

An affiliate of struggling retailer Sears Holdings Corp. has sold a second sizable Orange County property in less than a month, the Business Journal has learned.

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Accelerators Help Bridge County’s Vast Sprawl

Jumpstart Companies By Various Means

Accelerators play a multifaceted role in any startups ecosystem, providing access to investors and mentors and helping companies scale.

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FivePoint Goes Commercial With $443M Irvine Deal

REAL ESTATE: Broadcom site renamed; Irvine Co. model eyed

FivePoint Communities Inc. has completed the blockbuster $443 million purchase of Broadcom Ltd.’s campus where construction is wrapping up in Irvine.

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Businessman Eric Davidson, Breakers Live the Dream

SPORTS: Team rewards owner, fans, sponsors with televised title

Orange County’s professional tennis team is looking to build momentum off the court after winning the Mylan World TeamTennis championship under first-year owner Eric Davidson.

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CombiMatrix To Be Bought By Year-End

HEALTHCARE: SF-based InVitae grows family health

CombiMatrix Corp. announced InVitae Corp. in San Francisco is acquiring it. It’s an all-stock deal expected to close by the end of the year, valued at $33 million to CombiMatrix stock and warrant holders.

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CEO: Microsemi Surge Reflects Market Share Gain

Chipmaker’s Sales Rose In Three of Four Segments

Aliso Viejo-based chipmaker Microsemi Corp. turned in a strong June quarter, growing sales in three of its four key markets.

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Cylance Hires CFO; Says Sales Climb 283%

Cylance Inc., the fast growing Irvine-based maker of artificial intelligence software to combat computer viruses, named Brian Robins chief financial officer.

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Blizzard Sells E-Team to Rams Owner

Blizzard Entertainment Inc.’s Overwatch League, a professional video gaming competition, will include an e-sports franchise fielded by Los Angeles Rams owner Stan Kroenke and his son Josh.

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Hotel Sales Mid-Year Tally: $372M

16 OC hotels sold for more $372 million in the first six months of the year—an average of $23.3 million and 201% higher by dollar volume than in the same period last year.

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Del Taco Names CMO

Del Taco Restaurants Inc. in Lake Forest named Barry Westrum chief marketing officer.

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LPA Names New CEO

LPA Inc., the largest architectural firm in Orange County, named Wendy Rogers as chief executive officer, succeeding Robert Kupper who was CEO for 30 years.

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Pacific Premier Buys Plaza Bancorp

Irvine’s Pacific Premier Bancorp (NASDAQ: PPBI) bought neighbor Plaza Bancorp (OTC Pink: PLZZ) in an all stock deal for $226.3 million.

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Disney Parks: Q3 Bright Spot

Walt Disney Co.’s Parks and Resorts Segment had $1.2 billion in operating income on revenue of $4.9 billion in the Burbank-based entertainment company’s most recent quarter, growth of 18% and 12%, respectively.

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ASICS Stumbles in Q2

ASICS America Corp.’s sales in June quarter declined 8.9% to $231.2 million, according to figures provided by its parent, Japan-based ASICS Corp.

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PIMCO ‘Engine Again’

Newport Beach’s Pacific Investment Management Co. reported second-quarter operating profit climbed 17% to 450 million euros.

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With Partner H.I.G., Trace3 Could Go Big

TECHNOLOGY: ‘Very deep pockets ... a very good thing’

Irvine IT services provider Trace3 could change its long-held growth strategy under the financial muscle of new private equity owner H.I.G. Capital.

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No Land, No Problem For Developer Western Realco

$40M in Buys Kick Off 1-Million-SF Beckman Project

Western Realco isn’t the only game in town right now when it comes to industrial development in Orange County.

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Canterbury Tries to Reallocate Expectations

FINANCE: Advisory says endowments reporting good FY ’17

It was a good fiscal year for the endowments of many charities.

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Another Sleep App Competes for Your Zzzz Time

SlumberType Looks At Genetics of Sleep

Rancho Santa Margarita-based DNA lifestyle company launched its first app. Exploragen’s SlumberType provides insights on the way sleep is influenced by genetics.

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Stance Tests New Markets, Sales Models

APPAREL: Seeks higher margins, VCs still believe

Stance Inc.’s bricks-and-mortar portfolio has expanded to six—all carefully curated locations.

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Ambassadorship Reportedly to Roberts

GOVERNMENT: Co-owns Mission Inn; couple GOP donors

It’s a time-honored government tradition—patronage has its privileges, as does friendship and policy kinship.

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