OCBJ SPECIAL REPORTS
Venues Get Creative, Find Niches to Home in On
Out-of-town groups that book rooms, meeting space, food and beverage, and an interesting evening event or two spend more than 80% of dollars spent on meetings in Orange County.
Up 1.3% As More Small Rooms Meet New Demand
Orange County hotels added little meeting space last year, but what they did bring online came creatively in a market where occupancy and room rates are growing.
Nearly three-quarters of the U.S. adult population—74% to be exact—fears the idea of speaking in public, according to a 2013 National Institutes of Health survey.
The Business Journal’s Jane Yu asked local bankers to discuss their and their clients’ thoughts on how to manage operations in a changing interest rate environment, where rates are expected to rise. Here are edited excerpts of their responses:
23 Together See 35% Rise To $18.5 Billion In Year
Orange County-based commercial banks have notched the biggest year-over-year asset growth in the ongoing economic recovery and even since the few years prior to the recession.
Group’s Assets to $16.9B, Despite Declines for Most
Orange County’s credit unions built assets at a faster clip over the past year, when the biggest of the group pulled most of the gains.
‘Opportunistic’ Real Estate Scarce, Competition Stiff
Opportunity is still knocking for many of Orange County’s most active commercial real estate investors of the past five years, but it has required a decided shift in strategy.
The office market continues to experience positive momentum, pushing toward a full recovery. Occupancy levels are steadily improving due to constant demand, moving the market to near prerecession conditions.
Orange County’s industrial market continued to record healthy levels of activity in the third quarter, ending with 2.8 million square feet of gross activity and resulting in 208,021 square feet of positive net absorption.
Public Cos. Combine for 24% Hike to $83B in Sales
The latest batch of Orange County’s fastest-growing public companies kept pace with last year’s mix, combining for a 24% growth rate on revenue.
Why Fast-Growing Companies Matter to Local Economy
Fast growth matters. Having a deep pool of fast-growing public companies is a plus on many fronts for Orange County’s economy and community.
Big Revenue Gains Precede Big Pharma Deal
The company that topped the Business Journal’s 2014 list of the fastest-growing large public companies based in Orange County has already taken itself out of the running for next year’s title.
TRI Pointe’s Revenue Jumps 1,621%—Before Big Buy From Weyerhaeuser
If you think TRI Pointe Homes Inc.’s revenue growth over the past 24 months is eye-opening, just wait until next year.
Cryoport Gets Goods There Cold, Grows Revenue by Nearly 400%
Cryoport Inc.’s chilly business is fueling red-hot sales growth.
Chance for Independence, Creativity Part of Appeal
Sunny winters aren’t the only draw for financial industry professionals to move to Orange County from Wall Street and other finance centers on the East Coast.