OCBJ SPECIAL REPORTS
The Business Journal’s Jane Yu asked a group of local chief financial officers how they perceive their roles in building corporate culture. The CFOs also discuss factors about Orange County that have an impact on the development of culture. Edited excerpts of their responses follow.
Newcomers Help Boost List’s Total, Account for 40%
Orange County’s largest advertising agencies posted an estimated 9% gain in revenue last year, enough to push the group over the $1 billion benchmark.
Use of Data to Help Clients Refine Targets One Key
The largest commercial printers based in Orange County combined for $585 million in revenue last year, a 7.5% increase from their total in 2013.
Money Shifts From Industrial, Multifamily
Deep-pocketed office investors flocked to Orange County last year looking for attractive investment yields while also betting on the market’s potential for rental growth over the next few years.
New Home, Commercial Pick Up Some of Slack
Business for Orange County’s largest title insurers plummeted last year as refinance activity significantly declined.
Value Doubled, Even Without $70B+ Sale of Drugmaker
Orange County-based companies were buyers and sellers in 303 corporate mergers and acquisitions in 2014, a year of robust local deal activity that involved slightly fewer deals and many more dollars.
Mixes Ethnic Food Smarts, Hunger for Better Dining
Our now legendary Orange County lady chef and restaurateur Zov Karamardian set out to introduce the dining public to Mediterranean food 27 years ago.
Claim Center Stage With Inviting Decor, Food, Drink
Having a glass of wine with friends is no longer the cutting-edge trend. We are now having cocktails.
Less Risk, Fast Sales Appeal to Publicly Traded Firms
Orange County’s largest masterplanned developments are driving a bulk of the recent new-home sales in the region, but plenty of builders are also finding success buying land for residential projects off the beaten path.
The wealth management industry is undergoing various changes, ranging from implementation of technology and industry fragmentation to shifting demographics. The Business Journal’s Jane Yu asked Orange County wealth management executives to discuss significant changes they’re anticipating in the near term and how they expect their firms to respond to the changes. Here are edited excerpts of their answers.
Healthcare is more often being delivered outside of traditional hospital walls, a trend that has been driven to some degree by the Affordable Care Act, as well as by technological improvements. Orange County hospitals are no stranger to the shift. The Business Journal’s Vita Reed talked to several hospital executives to discuss outpatient offerings and their purposes. Edited excerpts of their answers follow.
28 on List Have Second Down Year in a Row
Pretax profits dropped steeply at Orange County’s largest hospitals during the past year.
Law Requires the Hospitals To Assume Social Obligation
More than a few of Orange County’s prominent hospital operators deliver something in addition to their standard healthcare: “community benefits.”
The Business Journal’s Jane Yu asked local bankers what community involvement means to their institutions. This week’s Q&A sheds light on the banks’ current engagement in Orange County beyond compliance with the Community Reinvestment Act, as well as their plans for this year and some of the challenges they see ahead. Executives also discussed some challenges they face in supporting the community. Here are edited excerpts of their responses.
43 Combine for $84.1 Billion, Mirroring Year-Earlier Rise
Commercial banks in Orange County continued to grow local deposits, notching another 8% increase over the year through June for a total of $84.1 billion.