Orange County Business Journal

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

A second Cambria-branded hotel being co-developed by Newport Beach-based Stratus Development Partners LLC got the go-ahead from Napa city planning commissioners last week.

By Paul Hughes April 24, 2017 1:02 p.m. share »
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UCI Gets $1M for Rocketry

University of California-Irvine got a $1 million grant from Base 11, a nonprofit workforce development and entrepreneur accelerator in Costa Mesa focused on science, technology, engineering and math.

By Deirdre Newman April 24, 2017 11:48 a.m. share »
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FivePoint Updates Terms of IPO

FivePoint Communities Inc. could raise nearly $600 million from its forthcoming initial public offering and a trio of concurrent private placement deals, according to new regulatory documents filed with the Securities and Exchange Commission.

By Mark Mueller April 24, 2017 10:43 a.m. share »
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Luxe Magazine Parent Buys Competitor

Modern Luxury, the parent publisher of Modern Luxury Orange County magazine, bought a competing publisher, GreenGale Publishing LLC, which expands its stable of luxury lifestyle titles.

By Deirdre Newman April 21, 2017 1:18 p.m. share »
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Veritone Prices IPO

Newport Beach-based start-up Veritone Inc. will sell 1.25 million shares of common stock valued between $14 and $16 per share under terms of its initial public offering, according to a filing today with the Securities and Exchange Commission.

By Chris Casacchia April 21, 2017 10:39 a.m. share »
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Unemployment Unchanged

OC’s unadjusted unemployment rate was 3.7% in March, unchanged from a revised 3.7% in February and below the 4.2% reported in the same period last year, the state Employment Development Department said.

By Peter J. Brennan April 21, 2017 9:54 a.m. share »
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$3M CSUF Grant for Math Work

California State University-Fullerton received a grant of nearly $3 million from the National Science Foundation.

By Deirdre Newman April 20, 2017 12:51 p.m. share »
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Kaiser Aluminum Beats in Q1

Kaiser Aluminum Corp. reported revenue and earnings for the first quarter that beat Wall Street expectations.

By Mediha DiMartino April 19, 2017 3:25 p.m. share »
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Nonprofit Adds to Fold

Irvine-based Alzheimer’s Orange County and Garden Grove-based Acacia Adult Day Services are slated to merge, effective July 1.

By Deirdre Newman April 18, 2017 5:19 p.m. share »
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Zhang to Launch Nonprofit

Pick Up Stix founder Charles Zhang created the non-profit O.C. Music & Dance to provide top quality musical arts education and training for children, regardless of their family’s ability to pay, Zhang said.

By Deirdre Newman April 18, 2017 1:11 p.m. share »
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Habit Hires CDO

Habit Restaurants Inc. named Douglas Branigan chief development officer; he fills a role vacated by Russell Friend, who left the Irvine-based operator of fast-casual hamburger restaurants in August.

By Paul Hughes April 18, 2017 11:19 a.m. share »
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True Drinks Names CEO

True Drinks Holdings Inc. in Irvine named James Greco its chief executive.

By Paul Hughes April 18, 2017 9:22 a.m. share »
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Sugarman’s Package: $18.2 Million

Banc of California former Chief Executive Steven Sugarman received an $18.2 million pay package in the past year, according to the company’s proxy released today.

April 17, 2017 4:42 p.m. share »
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Solis Sells Apparel Maker to Bunzl

Solis Capital Partners of Newport Beach sold ML Kishigo Manufacturing Co. to Bunzl PLC. Terms of the transaction weren’t disclosed.

By Peter J. Brennan April 17, 2017 1:55 p.m. share »
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Emerald Prices IPO

Emerald Expositions Events Inc. in San Juan Capistrano is slated to raise about $300 million in its initial public offering, according to documents filed with the Securities and Exchange Commission.

By Mediha DiMartino April 17, 2017 10:51 a.m. share »
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Glaukos’ $5.5M Buy Grows Line

Glaukos Corp. in San Clemente paid $5.5 million to Dose Medical Corp. in Laguna Hills for wireless sensor technology to incorporate into Glaukos’ eye stent product line to treat glaucoma.

By Sherry Hsieh April 14, 2017 11:31 a.m. share »
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OC TV Stations Get $115M

PBS SoCal KOCE, with headquarters in Costa Mesa, will receive $49 million and KDOC-TV in Santa Ana will receive $66 million from the Federal Communication Commission’s “World's First Broadcast Incentive Auction,” which closed today.

By Deirdre Newman April 13, 2017 1:06 p.m. share »
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El Pollo Loco Cuts Franchise Fees

El Pollo Loco Holdings Inc. in Costa Mesa will lower initial franchise fees and cut the royalty rates it charges franchisees to boost growth.

By Paul Hughes April 13, 2017 12:56 p.m. share »
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Biolase to Raise Up to $17.6M

Biolase Inc. in Irvine plans to raise up to $17.6 million, including warrants, in a private placement with several investors.

By Paul Hughes April 13, 2017 11:02 a.m. share »
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Palace Parent’s PE Firm Sells Stake

The private equity firm that took Palace Entertainment Holdings LLC’s parent company public last year has sold a 15% stake in the company for about $221 million to a Belgium-based investor.

By Paul Hughes April 13, 2017 10:12 a.m. share »
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UCI Receives $1 Million Estate Gift

University of California-Irvine announced today a $1 million gift from the estate of Christian Werner, former professor emeritus of geography and former dean of the School of Social Sciences.

By Deirdre Newman April 12, 2017 4:40 p.m. share »
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Quality Systems in $34M Buy

Quality Systems Inc. subsidiary NextGen Healthcare Information Systems LLC will buy Entrada Inc. for $34 million.

By Sherry Hsieh April 12, 2017 12:40 p.m. share »
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Ubiquity Shareolders to Testify Before SEC

Shareholders in the troubled Ubiquity Inc. of Irvine are permitted to testify at a Security and Exchange Commission public hearing on April 17 in Washington, D.C., according to its majority owner Strategic Capital Management Ltd.

By Deirdre Newman April 12, 2017 6 a.m. share »
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WD Leads $33M Investment Round

Irvine-based Western Digital Corp. led a $33 million strategic funding round for a Northern California company that specializes in flash storage systems.

By Chris Casacchia April 11, 2017 11:05 a.m. share »
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UCI Prof Gets $1M Grant

DK Electronic Materials Co Ltd. in Jiangsu, China, gave $1 million to University of California-Irvine to support the work of chemical engineering and materials science Professor Frank Shi.

By Deirdre Newman April 10, 2017 12:50 p.m. share »