OCBJ SPECIAL REPORTS
26 Firms Combine for $677 Million in Revenue Last Year
Orange County’s tenant-improvement industry posted its strongest year in more than a decade last year, buoyed by a spate of new construction work in addition to plenty of renovations at existing properties.
Some local accounting firm executives say an improving economy, increasingly complex client needs, and heightened regulation are combining to bring them more work, a phenomenon they say will likely require bigger staffs. Meanwhile, technology is becoming more of a crucial element in helping meet the growing workloads. The Business Journal’s Jane Yu recently asked several firms to talk about trends in supply and demand in the industry and about the pace of professionals entering the field, along with how the firms use and invest in information technology. Here are edited excerpts of their responses.
Gains Represent Third Year of Local Staff Jumps
Orange County’s top accounting firms combined to grow their local offices by 4%, continuing a run of employment gains for the third straight year.
Regulatory Changes, Plus Acquisition Fuel Increase
Orange County’s top management consulting firms grew their local offices by 25% over the past year, the highest rate since a recovery in hiring began in 2011.
A general rise in life expectancy has been the focus of many a conversation among wealth managers and their clients of late, regardless of how far the clients may be from planned retirement.
WEALTH MANAGEMENT: Family Office Grows in West
GenSpring Family Offices LLC is expanding the role and reach of its regional headquarters in Costa Mesa as it bolsters its service to the wealthy in California and the rest of the West.
The shortage of registered nurses was one of the hottest topics in the Orange County and California healthcare sector in the late 1990s and early to mid-2000s.
Institute’s Surgery Volume Ranks High Nationally
Hoag Orthopedic Institute, an Irvine-based specialty hospital, looks up to a role model for the type of healthcare it strives to provide.
Profits of 30 Biggest Drop 7%, Revenue Up
Orange County’s largest hospitals posted mixed results on the profit side over the past year or so. Includes the 2014 OC's HOSPITALS list for download (pdf)
Seek Entrepreneurs to Improve Healthcare, Bottom Lines
Orange County hospital systems are moving deeper into the “business of innovation” as they seek to respond to changes in the healthcare sector.
Orange County’s economy has largely strengthened over the past few years of continued post-recession recovery.
Majority of Banks With OC Presence Post Gains
Commercial banks in Orange County grew local deposits by nearly 8% last year after three straight years of gains averaging 2.6% a year.
Shea, Sares-Regis Shift With Market, Changing Tastes
There’s no such thing as a slam dunk or a straight shot when it comes to infill redevelopment projects.
Plans Represent Most Development There in Years
The one-time homes of churches, dietary supplement manufacturers, clean-energy companies, and a host of other office tenants in Irvine are on the fast track to being turned into apartment sites in the latest burst of development activity at the Irvine Business Complex.
The Orange County office market continued to make steady progress during the fourth quarter, despite some lingering headwinds.