New product and reinvestments made to existing buildings drove rental rate growth in the office market. As occupiers focus less on cost analyses and more on recruiting, labor retention and employee well-being, state-of-the-art and upgraded product is vital.
The Orange County region concluded the third quarter with overall favorable market fundamentals and strong retail demand, despite big-box changes and uncertainty in the retail climate.
Orange County’s industrial market hit the preverbal low point of the year with a handful of small but influential tenant vacancies negatively impacting occupancy gains. But they were softened by several other large deals, helping to keep activity on par with the previous quarter.
When businesses began budgeting for 2017 a year ago, few foresaw the dramatic economic effect of Donald Trump’s election to the White House.
Increase Tops 10% For First Time in Decade
Orange County’s credit unions are back to growing assets by double-digit percentages.
2-Year Growth of 208%; New Affordability Focus
A slowly improving U.S. housing market has boosted most large national homebuilders’ sales and bottom lines over the past few years.
Bank and Wealth Manager Doubles Sales in 2 Years
First Foundation Inc. doubled revenue in the past two years, making it the fastest grower among midsize publicly traded companies in Orange County.
Losses and Stigma Still Block the Stock
Terra Tech Corp.’s game plan in the budding recreational and medicinal marijuana industry aims to bring seed to sale under one roof.
Since 2012, The Civic 50, an initiative of Points of Light, has recognized the 50 most community-minded major corporations in the nation each year as determined by a survey developed by True Impact. For the first time in a local market, the Orange County Business Journal presents the 2017 Civic 50 Orange County in partnership with OneOC, recognizing the 50 most community-minded small, medium, and large Orange County companies.
‘Corporate Philanthropy Is in a Renaissance’
The list in this Special Report is unusual for the Business Journal in two ways. It’s a first—the first list of local-market Civic 50 honorees in the country. And it’s likely a first Business Journal list without financials. Rightly so.
Thousands of Hours, Cash Donated Every Year
A financial literacy program to teach young people better money habits. Ongoing training for nonprofit leaders. A food and supplies drive for homeless military veterans, whose donations nearly reach the ceiling.
Tax Firm Staff Good At Math But Give Out Books
Every few months, employees at KPMG’s Orange County office trade in their crisp suits and smart outfits for jeans and comfy shirts, turning a workplace full of accountants and tax specialists into a group of folks who look ready to head to a ballgame. And each happily pays $5 to do it.
Management Prospects Part of In-House Appeal
While there’s no empirical data to chart a rise in female general counsels in Orange County, several local GCs say they’ve seen an increase over the past 15 years or so.
The Business Journal’s Deirdre Newman asked Orange County-based general counsels in industries ranging from manufacturing and technology to finance and legal, how they go about choosing outside attorneys to do legal work.
Commitment Over Beer Helped Make It Happen
Chapman University alumnus Dale Fowler and his wife, Sarah Ann, were hosting Chapman President Daniele Struppa and his wife, Lisa Sparks, dean of the university’s School of Communication, at Lismore Castle in southern Ireland in July 2016. While sitting in the ancient rooms in the shadow of portraits of esteemed scientists, such as Robert Boyle, the couples shared a pint of Guinness as they talked about Chapman’s future.