Orange County Business Journal


Recent and archived news stories on: Banks, Credit Unions, Mortgage Lending, SBA, Stocks/Bonds, Venture Capital, Wealth Management...
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American Security Bank Sold for $57M

Newport Beach-based American Bancshares Inc. has agreed to sell its American Security Bank subsidiary to CVB Financial Corp. for $57 million.

$250M Worth of Deals Bring New Life to Central OC ‘Zombies’

REAL ESTATE: Starwood, CIM, Torchlight buy into office recovery

There’s a new set of owners overseeing four of the most prominent office buildings on the skyline of Orange and Anaheim following a series of sales that reached about $250 million combined.

Gross Swats Peanut Gallery; Marblehead Update; Jacobi’s Gig

OC INSIDER Column by Jerry Sullivan

Argyros Trust Nominates 2 to DST Board

The Argyros Family Trust nominated private equity investor John Clark to the board of directors of DST Systems Inc., where the trust is the largest shareholder and George Argyros serves as a director.

Park With Vans HQ Sells for $60 Million

A two-building industrial park in Cypress that holds the headquarters of apparel company Vans Inc. sold for $60 million.

Q&A - Wealth Management Firms

A general rise in life expectancy has been the focus of many a conversation among wealth managers and their clients of late, regardless of how far the clients may be from planned retirement.

GenSpring Taps Deeper Into Abundant California Wealth

WEALTH MANAGEMENT: Family Office Grows in West

GenSpring Family Offices LLC is expanding the role and reach of its regional headquarters in Costa Mesa as it bolsters its service to the wealthy in California and the rest of the West.


Philanthropy Column by Kim Haman

Kofax Makes Grade After Its Initial Public Offering

Double-Digit Growth Seen in New Software Package

Irvine-based business software maker Kofax Ltd. received good early grades from two investment firms that recently initiated coverage.

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Broadcom Mum on HQ Plan, Has Irvine Options Open

Short-Term Deals Possibility For Chipmaker?

Irvine city officials have acted as though it’s a fait accompli, but regulatory filings of Broadcom Corp. continue to suggest that a move of the chipmaker’s headquarters to a new office development at Orange County Great Park is not set in stone.

Office Market in Los Angeles Region Posts Strong Year


The Greater Los Angeles office market had a strong year in 2013, as all real estate indicators had slight year-over-year improvement.

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A listing of business events happening all around Orange County.

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Hyundai Capital to Move 85 Jobs from OC

Irvine-based Hyundai Capital America Inc. is transferring about 85 jobs from Orange County to its existing operations in Atlanta and Dallas while looking to make room for future growth here.

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NB Investor in $5M Deal for Santa Ana Clean-Tech Manufacturer

Private equity investor Kodiak Capital Group LLC has agreed to buy up to $5 million worth of common stock from Greenkraft Inc., a Santa Ana-based manufacturer of alternative-fuel automotive products.

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Local VCs Back Margolis’ Healthcare Company

A couple of Orange County venture capital firms participated in a $22.1 million funding round for Welltok Inc., a healthcare software company in Denver.

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More Deals in Store for American Restaurant Holdings

Irvine-based American Restaurant Holdings Inc. is in the midst of closing several more acquisitions on the heels of its purchase of Fronteras Mexican Grill & Cantina in Alhambra last month.

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NB Investor Buys Golf Club in Oklahoma City

Concert Golf Partners, a Newport Beach-based golf club owner and operator, has acquired Gaillardia Country Club in Oklahoma City by paying off its debts to a couple of banks.

REAL ESTATE DEALS - Feb. 10, 2014

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

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Young for His Resume

Lifetime Achievement Winner’s Experience Spells Versatility

Kevin Manion specializes in swooping in with new ideas and plenty of energy for his employer, whether it’s a distributor of wine and spirits, investment firm, produce grower or a national snacks brand.

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Emerald’s Big Little Deal

Private Equity Gives Trade Show Outfit New Vigor

Emerald Expositions Inc. functions like a modern-day matchmaker, setting the mood and bringing interested parties under one roof.

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New Owners See Hotel in Place of Car Wash at Newport Center

Land in Newport Center that currently holds a car wash is being eyed for a boutique hotel, one of several development projects being proposed for the area around Fashion Island, pending changes to the general plan of the city of Newport Beach.

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Pyott Points to $10B Potential for Allergan Acquisitions This Year

HEALTHCARE: Plenty of cash, little debt, wider market focus

Put Allergan Inc. down as a big shopper this year, thanks to a full coffer of cash and a corporate credit score that could accommodate as much as $10 billion worth of deals.

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Village at Orange in Line for $15M Makeover

RETAIL: Owners to seek new restaurants, spruce up entrances

The Village at Orange is set to undergo more than $15 million in improvements that its new owner hopes will help drive more traffic and encourage longer stays at the mall.

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Balboa Bay Resort, Club Get Started on New Looks

HOSPITALITY: New dining options among upgrades

Several improvement projects are in the works at Balboa Bay Resort and its members-only sister property now known as Balboa Bay Club.

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Smith Micro in 2-Fold Panasonic Deal

TECHNOLOGY: Lines up new customer, reseller with pact

Smith Micro Software Inc. landed a deal that makes Japanese conglomerate Panasonic Corp. a customer and reseller for the Aliso Viejo-based software maker.