Orange County Business Journal

FINANCE

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

TRI Pointe Expands Operations Post Weyerhaeuser Close

REAL ESTATE: Builder hires, grows office, as home prices rise

Expect a larger headquarters in Irvine but not much else in the way of local changes at TRI Pointe Homes Inc. following its audacious buy of the homebuilding division of Federal Way, Wash.-based timber conglomerate Weyerhaeuser Co.

USC’s Keck Gets OC Medical Practice

Keck Medicine of USC, the University of Southern California’s medical enterprise, acquired Orange Coast Oncology Hematology Medical Associates for an undisclosed price as part of a cancer-treatment network allowing local patients to avoid trips to Los Angeles for care.

ClearLight Sells Juice Maker for $150M

Newport Beach-based private equity firm ClearLight Partners LLC sold portfolio company Apple & Eve LLC to Canadian food manufacturer Lassonde Industries Inc. for about $150 million.

Irvine Healthcare REIT Sale Possible

Irvine-based Griffin-American Healthcare REIT II, an owner of healthcare-related real estate properties, could be bought by NorthStar Realty Finance Corp. of New York, according to news reports.

Real Estate Deals

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

The Mayfield Trust sold a multitenant shopping center in Lake Forest to a private China-based buyer for $7.6 million.

Brea Office Fetches $20.8 Million After Upgrade

Zodiac Inflight Building Sells to Ex-Arden CEO

A Brea office largely occupied by Zodiac Inflight Innovations, a maker of portable in-flight entertainment players and related software, has traded hands for more than $20 million.

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Juice Chain Expands in Texas

Irvine-based Juice It Up said it would add three franchised locations in Texas.

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Quiksilver in License Deals

Huntington Beach-based apparel maker Quiksilver Inc. entered into licensing agreements for several product categories, according to Chief Executive Andy Mooney.

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Western Digital Arm Leads $20M Funding Round

Western Digital Capital, the investment arm of Irvine-based storage products maker Western Digital Corp., has led a $20 million funding round for a Pittsburgh cloud storage provider.

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NB Real Estate Research Firm Sells Majority Stake

Newport Beach-based commercial real estate research firm Green Street Advisors Inc. has sold a majority stake to Golden Gate Capital, a private equity firm in San Francisco.

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USC’s Keck Buys OC-Based Practice for Cancer Network

Keck Medicine of USC, the University of Southern California’s medical enterprise, has acquired Orange Coast Oncology Hematology Medical Associates for an undisclosed price as part of a cancer-treatment network allowing local patients to avoid trips to Los Angeles for care.

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Report: Griffin-American Healthcare REIT II in Sales Talks

Irvine’s Griffin-American Healthcare REIT II, an owner of healthcare-related real estate properties, could be bought by New York-based NorthStar Realty Finance Corp., according to reports.

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Clinic Gets $2.5M From Catholic Bishops

The non-profit Birth Choice Health Clinics in Aliso Viejo has received a $2.5 million from Catholic Campaign for Human Development, a national anti-poverty program of the Washington, D.C.-based U.S. Conference of Catholic Bishops.

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Ackman, Pershing Square Present Allergan Board Candidates

Activist investor Bill Ackman and his Pershing Square Capital Management LP today unveiled a slate of director candidates for Irvine-based Allergan Inc.

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Oculus’s Latest Buy in Costa Mesa; Plans Developer Conference in L.A.

Irvine-based Oculus VR Inc. on Monday announced another acquisition and plans to host a September developer conference in Los Angeles.

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Fastest-Growing Private Companies Wanted for Annual List

The Business Journal is looking for Orange County-based companies that have seen their yearly sales grow rapidly from mid-2012 to mid-2014 for our annual list of fastest-growing privately held companies.

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Newport Media Sold for $140M

Lake Forest-based Newport Media Inc. has been acquired by San Jose-based chipmaker Atmel Corp. for $140 million in cash.

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ClearLight Sells Portfolio Company for $150M

Newport Beach-based private equity firm ClearLight Partners LLC has sold its portfolio company Apple & Eve LLC to Canadian food manufacturer Lassonde Industries Inc. for about $150 million.

Commercial Plans for Great Park Look Fit For Broadcom Campus

REAL ESTATE: Preliminary plan calls for 8 buildings, 2 million square feet

The developers of the Great Park Neighborhoods in Irvine have filed plans for the first batch of commercial construction at the former El Toro Marine Corps air station, a 2-million-square-foot office park that appears designed to hold the headquarters and expanded operations of Broadcom Corp.

CSUF Survey Shows Trim on Q3 Outlook

ECONOMY: Quarterly index shows slight dip on mixed sentiments

Orange County business executives are feeling less optimistic about the local economy heading into the third quarter, according to the latest quarterly index of business sentiments published by the Mihaylo College of Business and Economics at California State University-Fullerton.

Decision to Quit Led to Start of Agency of Her Own

Trip Designs Specializes in Balkans, Personal Touch

Milica Obradovic’s plunge into business ownership was a “spur-of-the-moment decision” she made when the manager at a travel agency where she worked for 15 years tipped her “over the edge.”

LA Fitness Buyout Plan Calls for $1.6B in Credit

SERVICES: Reports say $1B would go to single stakeholder

A new financing deal in the works for LA Fitness could result in a change in the ownership structure of the Irvine-based fitness chain.

Electromagnetic Filter Maker in SA Acquired

Santa Ana-based Filter Concepts Inc. has been acquired by Astrodyne Corp. on undisclosed terms.

Business School Dean Puts Change in Air at Concordia

EDUCATION: Christensen oversees new MBA programs

Steve Christensen is full-throated—like his hometown.

Ingram Micro Buys Minn. IT Provider

Santa Ana-based Ingram Micro Inc. acquired a Minnesota Internet technology provider to bolster its professional services offerings for its network of global resellers.