Orange County Business Journal


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

Pizza Chain Sticks to Recipe on Expansion

RESTAURANTS: Bucks trend of fast-casual, eyes Westminster

John’s Incredible Pizza Co. is in talks to open a restaurant in Westminster Mall as it doubles down on its long-standing family-oriented approach amid the recent popularity of fast-casual restaurants that appeal to food afficianados.

Kofax Poised to Sever UK Listing, Go Nasdaq-Only

Ready to Exit London Exchange for Nasdaq

The directors of Irvine-based business software maker Kofax Ltd. are scheduled to vote this week on a proposal to delist its shares from the London Stock Exchange.

Donahue Schriber Latest OC Buyer in Silicon Valley

REIT Buys New Center For Estimated $111 Million

Add Donahue Schriber Realty Group to the growing list of Orange County commercial real estate companies spending big dollars in Silicon Valley.

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Newport Corp. to Acquire Austrian Company

Irvine-based Newport Corp., which makes lasers and related equipment, is set to acquire a small Austrian company that specializes in ultra-fast laser systems used in scientific and biomedical research.

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Broadcom Responds to Call for Gender, Ethnic Data on Employment

Irvine-based chipmaker Broadcom Corp. released some race and gender data on its workforce for the first time in response to ongoing requests from civil rights and labor activists.

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Aliso Viejo Delivery Company Part of $80M Buy

Aliso Viejo-based meal delivery service Restaurants on the Run is set to be acquired by Chicago-based GrubHub, according to news reports.

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Blizzard Posts Strong Q4 on WoW Expansion Release

Irvine-based video game maker Blizzard Entertainment Inc. reported a strong fourth quarter after the close of intraday trading Thursday, with revenue and operating profits rising.

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5 Take CFO Honors

Executives were honored in five categories last night at the Orange County Business Journal CFO of the Year awards, which drew a crowd of about 600 to the Hotel Irvine.

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TTM Beats on Q4, Gives Outlook

Costa Mesa-based printed circuit board maker TTM Technologies Inc. after the close of intraday trading Wednesday reported fourth quarter revenue and adjusted profits that beat Wall Street expectations.

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Allergan Beats Analysts' Expectations

Irvine-based Allergan Inc. Wednesday reported mixed fourth-quarter financial results.

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SA Security Firm Grows Retail Side

Santa Ana-based Universal Protection Service has acquired two guard services companies to expand its retail mall business.

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Edwards Beats Wall Street

Irvine-based Edwards Lifesciences Corp. after markets closed Tuesday reported fourth-quarter financial results that beat expectations.

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Corinthian Buyer Offers to Forgive $480M in Loans

The company that plans to buy 50 campuses of Santa Ana-based Corinthian Colleges Inc. said it would forgive $480 million in private student loans in exchange for federal approval for the deal, according to a news report.

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PennySaver Trims Distribution

Brea-based PennySaver USA will stop delivering local editions of its weekly PennySaver publications to the South Bay and the East Bay areas of Northern California, effective April 15.

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Opus Forms Broker-Dealer Arm

Irvine-based Opus Bank has established a broker-dealer subsidiary to support its merchant banking business.

Broadcom’s $778M Solution

Chipmaker Puts Price on Plans for Great Park Campus

Irvine-based Broadcom Corp. is investing nearly $800 million for its new headquarters next to Orange County Great Park, according to regulatory filings.

UST Emerges

Aliso Viejo-Based IT Services Provider Nears $1B Mark With Fortune 500 Clients, Offshore Hubs

UST Global Inc. is on a fast track to becoming Orange County’s next $1 billion company with its aggressive expansion plan in emerging markets around the globe.

Hyundai Capital Adds 178,000 SF in Airport Area

REAL ESTATE: Entire building at MacArthur and Jamboree taken

Irvine-based Hyundai Capital America Inc. is consolidating a large portion of its sizable local operations at the 4000 MacArthur office campus in Newport Beach.

Ex-Sunstone CEO’s Basic Bet: What Goes Up Must Come Down

REAL ESTATE: Hedge-like fund eyes end to strong run for hotels

Ken Cruse, who recently left the top job at Aliso Viejo-based hotel investor Sunstone Hotel Investors Inc., has started an investment company that will try to take advantage of the next downturn in the hospitality industry.

Banks, Thrift Expand Orange County Deposits by 8%

43 Combine for $84.1 Billion, Mirroring Year-Earlier Rise

Commercial banks in Orange County continued to grow local deposits, notching another 8% increase over the year through June for a total of $84.1 billion.

When Donald Met Steve; Whitaker Gets Off to Strong Start

A big chunk of the Irvine Company’s operations outside of OC got a lengthy overview in a recent issue of the Silicon Valley Business Journal, which put some meat on the bones of a 25-year process that has seen Donald Bren amass 7,000 apartment units and 4 million square feet of office space in the region.

Franchiser Waives $75,000 Fee for Vets

RETAIL: Focus on military members active in past 2 years

Orange-based franchiser Budget Blinds Inc. said it will waive a $75,000 franchise fee for qualified recent military veterans interested in starting their own window covering business.

ZPizza Brews Up Response to ‘Fast-Casual’ Competitors

RESTAURANTS: ‘Tap rooms’ in works at about 50 locations

ZPizza International Inc. said it will add 50 “tap rooms” at some of its current locations and all new restaurants expected in a franchising push that comes as the 28-year-old chain responds to competition from fast-casual and build-your-own competitors that have blossomed in recent years.

Montage Laguna Beach Sells for $360M

Chicago-based Strategic Hotels & Resorts Inc. bought the Montage Laguna Beach for $360 million, the hotel investor said.

SJC Big-Data Firm Gets $10.8 Million

San Juan Capistrano-based search engine Maana Inc. raised $10.8 million, according to a recent filing with the U.S. Securities and Exchange Commission.