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Ad Firm INK Bets On Its Own Creativity

MARKETING: Starts with businesses it knows bestA Laguna Beach-based ad agency that’s helped numerous entrepreneurs take their brands to the next level is now cultivating its own business ideas.

Airport Turns In Solid FY 2017

John Wayne Airport reported a solid—even stolid—fiscal 2017 with stable revenue, positive operating income, and lower interest expense for the year ended June 30.

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Irvine Biotech Gets $40M

PeproMene Bio Inc. raised $40.2 million from 17 investors in a Series B funding round, a June 11 Securities and Exchange Commission filing said.

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Rimrock-Backed Company Files Chap. 11

Rimrock Capital Management LLC, an Irvine-based private equity group with $4 billion assets under management, is reorganizing LakePoint Land LLC., a 1,300-acre, Georgia complex famous for its sports facilities.

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McCarthy Names Myers Head of NB Office

McCarthy Building Cos. Inc., the largest commercial construction company in Orange County, named Mike Myers president of the firm’s Southern California region.

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Real Estate Exec Stan Ross Dies at 82

Stan Ross, who had a major influence on Southern California’s real estate industry through his accounting and finance work, died at age 82 on Sunday from complications of a stroke.

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Montage Los Cabos Open

Montage International’s Los Cabos resort is ready for its close-up.

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UCI Health CEO Named

Richard Gannotta was named chief executive of UCI Health, the clinical, medical education and research arm of the University of California-Irvine.

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NB Maker Dinged for Lead in Baby Food

State Attorney General Xavier Becerra named Newport Beach food manufacturer Graceleigh Inc. in a lawsuit last week for selling toddler formula with high levels of lead.

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ShiftPixy Places $9M Debt

ShiftPixy Inc. raised $9 million in gross proceeds from a June 4 private placement of 8% senior secured convertible notes with institutional investors.

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JWA Gets Two For Texas

John Wayne Airport has two new destinations.

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Supervisors OK JetSuiteX

JetSuiteX can begin flying from John Wayne Airport after the Board of Supervisors today unanimously approved the plan in “the first instance of a regularly scheduled commercial user operating from a location other than the Thomas F. Riley Terminal” according to the board’s agenda item.

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ChromaDex Appoints CMO

ChromaDex Corp. (Nasdaq: CDXC) named Lisa Bratkovich chief marketing officer, effective June 4.

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PHG Takes Two Miraval Vets

Pacific Hospitality Group in Irvine named Paul McCormick president and chief operating officer and Tom Walston corporate director of information technology and business intelligence.

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PHG’s Kramer Departs; Hotel Runner Gets VP

Pacific Hospitality Group Chief Investment Officer Kory Kramer left the Irvine-based hotel owner-operator to start a hospitality venture. He’s now a consultant with PHG, which named a new vice president of investments to take on some of his former responsibilities.

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Midday Stock Roundup

The S&P 500 was unchanged in midday trading at 2,746.89.

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