Orange County Business Journal


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Aliso Viejo Health Center Operator Snags $92M

HEALTHCARE: Draws interest of Swiss billionaire’s fundAliso Viejo-based Crossover Health Inc. secured a $92 million investment from Gurnet Point Capital in Cambridge, Mass.

By Sherry Hsieh December 12, 2016 midnight   $$ Share
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New Chief Creative for Mazda Ad Shop

Mazda North American Operations’ advertising agency of record hired Erich Funke as chief creative officer, effective March 6.

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JWA 2016 Count: 10.5M Passengers

John Wayne Airport saw 10.5 million passengers in 2016, a 4.6% increase over its 2015 total of just more than 10 million passengers and a new record for the airport.

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Fowlers Pledge $100M to Chapman

Dale and Sarah Ann Fowler will give $45 million to Chapman University to help it establish an engineering school, on top of a previous $55 million commitment to its law school.

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CSUF Gets Funds

California State University-Fullerton’s Master of Social Work program has received more than $1 million in federal funding for the seventh consecutive year.

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Concordia Institute Adds Programs

Concordia University in Irvine said it would start three new online graduate certificate programs in March through its new Townsend Institute for Leadership & Counseling.

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Vans’ Revenue Tops for VF Corp.

Annual revenue at Vans Inc. climbed 6% to $2.3 billion in 2016, making it the largest and fastest growing brand for parent VF Corp.

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Palace Parent Posts Gains, Pares Loss

Palace Entertainment Holdings LLC in Newport Beach reported higher revenue in its most recent quarter, as part of a quarterly report by publicly traded parent Parques Reunidos Servicos Centrales SA in Madrid.

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Second Pendry Set for March

The Sagamore Pendry Baltimore hotel is set to open March 20 in the Fells Point neighborhood of the city, following the debut of the first Pendry in San Diego’s Gaslamp quarter earlier this month.

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Aliso Viejo Ad Tech Shop to Close

iHeartMedia Revenue Platforms is shutting down its Aliso Viejo office and moving operations to Texas.

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Vanguard Exec to Head Nurse Group

Mary Wickman, director of nursing and professor of nursing at Vanguard University in Costa Mesa, was named president of the Association of California Nurse Leaders.

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OCVA Names New Board

Orange County Visitors Association named its new board for the 2017-2018 term.

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Sunstone Sells Fairmont for $125M

Hotel REIT Sunstone Hotel Investors Inc. in Aliso Viejo sold Fairmont Newport Beach for $125 million.

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Montage's Pendry San Diego Opens

The Pendry San Diego opened last week in downtown San Diego’s Gaslamp Quarter; Pendry is the lifestyle urban hotel line of Montage International in Irvine, which also runs Montage Hotels & Resorts properties, including a flagship location in Laguna Beach.

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Hotel Deals Down in 2016

22 hotels sold in Orange County for $807 million last year, down 19% and 54%, respectively, from 2015, when 27 hotels sold for $1.8 billion, according to Atlas Hospitality Group in Irvine.

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Magazine Refreshes

Motorcyclist magazine in Irvine will debut a new look with its March/April issue, which goes on sale Feb. 28.