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.
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.
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.
‘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!”
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.
Jumpstart Companies By Various Means
Accelerators play a multifaceted role in any startups ecosystem, providing access to investors and mentors and helping companies scale.
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.
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.
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.
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.
Cylance Inc., the fast growing Irvine-based maker of artificial intelligence software to combat computer viruses, named Brian Robins chief financial officer.
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.
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.
Del Taco Restaurants Inc. in Lake Forest named Barry Westrum chief marketing officer.
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.
Irvine’s Pacific Premier Bancorp (NASDAQ: PPBI) bought neighbor Plaza Bancorp (OTC Pink: PLZZ) in an all stock deal for $226.3 million.
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.
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.
Newport Beach’s Pacific Investment Management Co. reported second-quarter operating profit climbed 17% to 450 million euros.
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.
$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.
FINANCE: Advisory says endowments reporting good FY ’17
It was a good fiscal year for the endowments of many charities.
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.
APPAREL: Seeks higher margins, VCs still believe
Stance Inc.’s bricks-and-mortar portfolio has expanded to six—all carefully curated locations.
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.