Orange County Business Journal


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Broad Range for UCI’s Push on Innovation

EDUCATION: Blueberries to microchips, toothpasteThe $5 million in seed funding that Newport Beach-based Beall Family Foundation provided for the University of California-Irvine’s new Institute for Innovation is bearing commercial fruit.

By Paul Hughes April 13, 2015 midnight   $$ Share
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iPourIt Gets $350K, Dog Haus

Lake Forest-based iPourIt Inc. said its self-serve beer dispensing system would be in two Dog Haus restaurants in Orange County, and that it closed on an additional $350,000, after a $1 million angel investment from January.

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Disney's Parks Revenue Up

The Disneyland Resort in Anaheim helped drive a quarterly increase in revenues at Burbank-based parent Walt Disney Co., the company said.

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Ingram Micro Q1 Mixed

Santa Ana-based Ingram Micro Inc. after the close of trading today reported first-quarter revenue that just beat Wall Street expectations, and adjusted profits that narrowly missed estimates.

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Corinthian Files for BK

Santa Ana-based Corinthian Colleges Inc. filed for bankruptcy, the company said.

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Morgan Drexen Files for BK

Costa Mesa-based debt settlement services company Morgan Drexen Inc. has filed for bankruptcy.

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Ensign Buys 3 Nursing Facilities

Mission Viejo-based Ensign Group Inc. said today it bought one skilled nursing facility in Washington and a subsidiary bought two skilled nursing facilities in Utah, on undisclosed terms.

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22 Del Taco Sites to Sell

A number of limited partnerships plan to sell four portfolios of land and buildings that house a total of 22 Del Taco fast food restaurants in California, according to Newport Beach-based CBRE, the listing broker for the portfolios.

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Habit Revenue, Income Up

Shares in Irvine-based Habit Restaurants Inc. were up about 4% in midday trading Friday to a market cap of $850 million after the company reported it earned $3 million in its most recent quarter, an increase of 20% over $2.5 million in the same period last year.

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OCVA in China Travel Site Deal

The Orange County Visitors Association said it would launch a presence this month on Ctrip, a Chinese travel and tourism website.

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UCI Gets Up To $5 Million for Blood Work

University of California-Irvine said it will get up to $5 million over five years from the federal National Institute of Allergy & Infectious Diseases to further develop a bloodstream infection-detection system that speeds diagnosis times and improves accuracy.

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Crowdfunded Hotel Investor Plans to Raise $2 Million

Newport Beach-based Hotel Innvestor LLC plans to use crowdfunding to raise about $2 million.

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Montage Moves Ahead on Los Cabos

Irvine-based Montage Hotels & Resorts said today it would develop Montage Los Cabos on Santa Maria Bay in Los Cabos, Mexico, its first international property.

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Education Company Nabs Investment

Santa Ana-based Greenwood Hall Inc. said Lincoln Park Capital Fund LLC in Chicago invested in the company.

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Del Taco Buyer Ticker Changes

The company that plans to buy Lake Forest-based Del Taco Holdings Inc. changed its Nasdaq markets ticker symbol Tuesday morning to “TACO.”

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Pac Life Sells Pension Business to Goldman Sachs

Newport Beach-based Pacific Life Insurance Co. has sold its pension advisory business in New York to Goldman Sachs Assets Management.