Orange County Business Journal

FINANCE

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

OC Insurance Brokers Aim for Middle to Offset Corporate Migration

Credit some of Orange County’s biggest insurance brokers with quick adjustments to shifts in California’s corporate landscape.

Gross Hits PR ‘Grand Slam’ With Job Shift

MARKETING: Estimates of boost to Janus brand range upward of $300M

The $1 billion increase in market value that Janus Capital Group Inc. got on news that Bill Gross had joined the company wasn’t the only windfall for the Denver-based fund manager.

Big Numbers Go With Gross

Bill Gross and big numbers go together, as our story on page 1 shows with its estimate on the value of the publicity that came with the Bond King’s jump from Pimco to Janus Capital topping $300 million.

Home Appliance Brand Gets Creative in Costa Mesa

REAL ESTATE: Moves U.S. HQ From Huntington Beach

The creative-office design trend is making its way to the glitzy buildings next to South Coast Plaza.

Bixby Invests Nearly $100M in Office, Industrial Buys

REAL ESTATE: Deals in SD, Inland Empire, Central Valley

The purchase of four offices in San Diego has capped off nearly $100 million in buys and investments in California properties for Irvine-based Bixby Land Co. over the past quarter.

Broadcom Chip In Apple Watch?

It appears Irvine-based Broadcom Corp. is primed to supply a key component for the long-awaited Apple Watch.

Riding a Roller Coaster Career

Palace Entertainment GC Expects the Unexpected

Michael Baroni’s legal career has been like a roller coaster, with twists and turns and unexpected outcomes.

CoreLogic’s Patent Play

Tabaddor Took Reins of IP, Turned Department Into Profit Center

Moving from defense to offense has paid dividends for the intellectual property legal team at Irvine-based CoreLogic Inc.

OCers Make Forbes’ Wealthy List

Nine members of the Business Journal’s annual OC’s Wealthiest list were included in the recent Forbes 400 list, which ranks and profiles the wealthiest Americans by estimated net worth.

Irvine Cove, Emerald Bay Warm Up Coastal Market

Slow Streak Over as 2 Sales Top $10 Million

The communities of Emerald Bay and Irvine Cove in Laguna Beach capture the character and charm of the California Riviera and command some of the highest sale prices for homes in Orange County.

Abbott Ups Overseas Presence With Malaysia Plant

Device Maker Puts $60M Into Venture to Hire 500

Abbott Laboratories, the parent of Santa Ana-based Abbott Medical Optics, is spending $60 million on an intraocular lens plant in Malaysia.

Flooring Distributor Inks 1st Anaheim Concourse Lease

Longust to Move From Nearby, Takes 93,818 SF

Longust Distributing Inc., a wholesale flooring supplier that’s had an Anaheim location since 2001, is the first company to announce a lease at the new batch of industrial buildings being constructed at Panattoni Development Co.’s massive Anaheim Concourse project.

Real Estate Deals

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

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Wet Seal CFO Steps Down

Steven Benrubi has resigned from his post as Wet Seal Inc.’s executive vice president and chief financial officer, the company announced in its regulatory filings Thursday

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Confie Buys 3 Brokerages

Huntington Beach-based Confie Seguros Insurance Services has acquired three brokerages, all on undisclosed terms.

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Irvine Commercial RE Lender in Sale to Walker & Dunlop

Johnson Capital, an Irvine-based commercial property mortgage lender, has sold its loan origination and servicing platform to Walker & Dunlop Inc., a commercial real estate financial services company in Bethesda, Md.

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New CEO for Pimco Parent

Pacific Investment Management Co. parent Allianz SE announced plans to replaced its chief executive in the first half of next year.

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Jury Orders $467M Patent Award to Masimo

A federal jury said today that Irvine-based Masimo Corp. should receive $467 million from Philips Electronics NA, a unit of Netherlands-based Royal Philips Electronics NV, for having infringed a pair of patents covering technology for measuring blood oxygen and tracking pulse rates.

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Disneyland-Area Hotel Names New Manager

The Courtyard by Marriott Anaheim at Disneyland Resort will be managed by Crestline Hotels & Resorts LLC in Fairfax, Va.

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Irvine Bank Scores Ducks Deal

Pacific Premier Bank in Irvine said it became the official business bank of the Anaheim Ducks professional hockey team and Honda Center in Anaheim.

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Gross to Open Janus Office at 520 Newport Center Tower

Bill Gross will be setting up shop for Janus Capital Group Inc. at the 520 Newport Center office tower in Newport Beach, according to real estate sources.

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9 OCers Make Forbes 400 List

Nine members of the Business Journal’s annual OC’s Wealthiest list were included in the recent Forbes 400 list, which ranks and profiles the wealthiest Americans by estimated net worth.

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Boot Barn Files $86M IPO

Irvine-based Boot Barn Holdings filed for an initial public offering to raise up to $86.3 million, according to reports.

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Ingredients Developer Gets $5M Debt Funding

ChromaDex Corp., an Irvine-based maker of ingredients for dietary supplements, has closed a $5 million venture debt financing from Hercules Technology Growth Capital Inc.