Orange County Business Journal

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Recent and archived news stories on: Accounting, Advertising, Consulting, Jobs, Food, Insurance, Law, Printing, Public Relations, Security...
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Disney-Area Hotel Sold for $32.5M

Chesapeake Lodging Trust said it sold the 153-room Courtyard Anaheim at Disneyland Resort for $32.5 million, or about $212,000 per room.

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El Pollo Loco Parent Reports Higher Earnings in Q2

Costa Mesa-based El Pollo Loco Holdings Inc. reported net income of $6.6 million and 21 cents per share for its second quarter ended June 25, 2014, compared to $410,000, or 1 cent per diluted share in the same period last year.

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Gillman Nominated for UCI Chancellor

University of California President Janet Napolitano nominated Howard Gillman as the University of California-Irvine’s next chancellor.

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Community College District Names Interim Chancellor

The Coast Community College District Board of Trustees appointed Tom Harris interim chancellor.

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Bankrupt CM Restaurant Chain to be Bought

The Costa Mesa-based parent of the Elephant Bar restaurant chain is slated to be bought out of bankruptcy and will be operated by a Dallas-based restaurant company.

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Warhol Pledge: $100K to UCI Beall Center

The New York City-based Andy Warhol Foundation for the Visual Arts is giving $100,000 to The Beall Center for Art and Technology at the University of California-Irvine.

OC’s First Din Tai Fung and Other Worthy Food Adventures

Chinese Dumpling House Delights With Each Morsel

Din Tai Fung, the famed Chinese dumpling house, opened two weeks ago at South Coast Plaza (entrance on the upper level next to Sears). I surmise that, having heard the buzz about its international reputation, the crowds will flow.

St. Joseph Health Backs Big Office Buy in Mission Viejo

HEALTHCARE: Innovation Institute gets four buildings, 263,000 SF

The Innovation Institute LLC, a La Palma-based for-profit healthcare company formed by St. Joseph Health in Irvine last year, has taken over ownership of four medical buildings surrounding Mission Hospital in Mission Viejo.

Callahan v. Busch; Check Pyott’s Sleeve; Full of Philanthropy

The Dec. 18 date that’s been set for a special shareholders meeting on Valeant Pharmaceuticals’ hostile bid for Irvine-based Allergan didn’t add up to much on Wall Street, where neither company saw its shares do much last week.

Prescription for Open Enrollment Season: 700 Hires

HEALTHCARE: Alta Resources seeks permanent, seasonal staff

Alta Resources Inc. is bringing its Brea office along on a major expansion, with plans to hire some 700 workers there.

Newport Beach Hotel Software Specialist in China Buy

HOSPITALITY: Healthcare, restaurants, golf also clients

A Newport Beach-based software provider that specializes in the hospitality industry expanded its operations in China last week with the acquisition of a company in Singapore.

Corinthian to Sell Assets in Wind Down

Santa Ana-based Corinthian Colleges Inc. said it would sell some assets to raise money to fund the winding down of its operations and, separately, that it had paid back rent its landlord said it owed.

NB Services Firm Bought by DLC

Beacon Resources LLC in Newport Beach was acquired by Woodland Hills-based professional services firm DLC on undisclosed terms.

Texas Firm to Buy OC Device Maker

Aliso Viejo-based WaveTec Vision Systems Inc. will be bought by Alcon Inc., according to a statement.

Edwards Lifesciences Continues Wall Street Resurgence

Analysts Like Its Recent Showing, Suit Settlement

Irvine-based heart valve maker Edwards Lifesciences Corp. received kudos on Wall Street as it continues its yearlong market surge.