Orange County Business Journal

OCBJ WEEKLY LISTS

ABOUT THE LISTS: Click on a headline for a summary and analysis of a weekly List (each story includes a FREE download for paid subscribers)
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Wanted: Most Community-Minded Companies for New OCBJ List

Is your company about much more than its bottom line? Does it also use its resources to better the Orange County community?

By Paul Hughes April 27, 2017 2:54 p.m. share »
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Private Companies Wanted for Annual List

The Business Journal is preparing its annual list of privately owned companies for publication in June.

April 7, 2017 10:56 a.m. share »

Title Insurers Seek More Buys in Face of Rate Hikes

Orange County’s largest title insurance providers are looking at acquisitions both inside and outside their core business lines to help them grow operations and improve efficiencies in a climate of interest rate hikes likely to cut into their refinancing work.

By Mark Mueller March 13, 2017 midnight share »

Bank Deposits Increase 13% to $109.6 Billion

Banks in Orange County enjoyed another banner year as deposits climbed 13% to $109.6 billion for the year ended June 30, up 60% over five years earlier.

By Peter J. Brennan February 27, 2017 midnight share »

Lake Forest Homebuilding Steps Out of Shadows

Lake Forest, despite being in the shadow of California’s two best-selling master-planned communities, has been holding its own during the latest residential building boom.

By Mark Mueller February 27, 2017 midnight share »

Top-Ranked Hospitals Combine for 2% Revenue Jump

Last year Renton, Wash.-based Providence Health & Services and Irvine-based St. Joseph Health merged to form a seven-state healthcare system, a transaction that further consolidated its Orange County-based hospitals under the umbrella of St. Joseph Hoag Health.

By Sherry Hsieh February 20, 2017 midnight share »

Minority-Owned Firms’ Revenue Up 10% in 2016

Revenue at the largest minority-owned businesses with headquarters in Orange County climbed almost 10% to $18.7 billion last year, led by acquisitions, mortgages and granite countertops.

By Peter J. Brennan February 13, 2017 midnight share »

OC Hotels See Rare Increase in Meetings Space With 2 New Entrants

Two hotels that opened last year in Orange County added 55,000 square feet of meeting space to local inventory, enough to drive the Business Journal’s annual account of hotel meeting space above 1.3 million square feet.

By Paul Hughes January 30, 2017 midnight share »

China-Based Companies Among Biggest of OC’s Foreign Employers

China’s continued expansion on the world stage and a strong year for hiring among Orange County’s largest foreign-owned companies combined to bring a jump in overall employment in the category here.

By Chris Casacchia January 23, 2017 midnight share »

Nonprofit Revenue up 3%, Client Base Rises 2%

Orange County’s nonprofit organizations continued to grow revenue in the past year as more OC residents requested their services.

By Michael de los Reyes December 5, 2016 midnight share »

Biggest Employers Get Bigger

Orange County’s biggest employers continued to expand their workforces over the past year, though at a slightly slower pace than last year.

By Michael de los Reyes November 21, 2016 midnight share »

OC Retail Keeps Streak

The largest shopping centers in Orange County managed a seventh straight year of growth in taxable sales with a 1.7% gain.

By Mediha DiMartino November 14, 2016 midnight share »

Downshift on Sales Gains for Auto Dealers

The 40 largest auto dealers in Orange County combined for $5.3 billion in sales for the 12-month period that ended June 30, a 1.5% increase that marks a significant slowdown from recent years, according to this week’s Business Journal list.

By Mediha DiMartino November 14, 2016 midnight share »

Commercial Banks Grow Assets 39% to $34 Billion

Orange County-based commercial banks continued strong year-over-year growth as they increased assets 39% to about $33.5 billion for the year ended June 30.

By Michael de los Reyes November 7, 2016 midnight share »

Credit Unions Grow Assets 8% to $19.4 Billion

It’s been a mixed year for Orange County’s credit unions as they grew assets by about 7.8% to $19.4 billion for the year ended June 30 while combining for a 1.3% decline in net income to about $73.4 million for the first six months of 2016.

By Michael de los Reyes November 7, 2016 midnight share »

Escalating Expansion

The 47 fastest-growing public companies in Orange County are growing faster.

By Michael de los Reyes October 31, 2016 midnight share »

Financial Advisories Add 200 Local Reps, Up 12%

The combined pool of registered investment advisers in Orange County grew about 12% to 1,905, and the 29 firms on the Business Journal’s list combined to employ overall staffs totaling 7,022, up 16.5%.

By Michael de los Reyes October 24, 2016 midnight share »

Aerospace & Defense Contractors Lose Altitude on Jobs

Orange County’s largest aerospace and defense contractors posted a modest drop in local employment in the past year.

By Chris Casacchia October 17, 2016 midnight share »

OC MBA Enrollment Up 25%, Number of Grads Down

Numbers are up in the Business Journal’s annual survey of MBA programs in Orange County. The Business Journal publishes an unranked list of 41 MBA programs throughout Southern California (see related graphic, page 25).

By Deirdre Newman October 10, 2016 midnight share »

Insurance Brokers Grow Revenue 7% to $624 Million

Orange County’s insurance brokerages grew for a sixth straight year to combine for about a 7% increase in local revenue to $623.6 million in 2015.

By Michael de los Reyes October 3, 2016 midnight share »

Architecture Firms’ Local Work Grows 4% to $451M

Orange County’s architecture firms combined for about $451.1 million in local billings in the past year, up about 4%. Firmwide billings dropped 11% based on numbers reported by half of the firms.

By Michael de los Reyes September 26, 2016 midnight share »

Engineering Firms’ Local Billings Up 7% to $1.45B

Orange County’s top engineering firms had a mixed year with an increase in local billings as companywide revenue dipped.

By Michael de los Reyes September 26, 2016 midnight share »

About Our Annual Fastest- Growing Private Companies List

The Business Journal’s annual list of fastest-growing private companies includes OC-based businesses owned by individuals, groups of people, families, venture capitalists, private-equity firms and other investors.

By Hannah Mitchell September 19, 2016 midnight share »

Employment Up at Biggest Medical Device Makers

Medical device makers with operations in Orange County added nearly 1,000 employees over the past 12 months for a growth rate of nearly 6%, according to Business Journal research.

By Paul Hughes September 12, 2016 midnight share »

Biggest Drugmakers Hold Steady on OC Jobs

The largest drugmakers with headquarters or significant operations in Orange County employed 3,210 here during the 12-month period that ended Aug. 30, about the same as a year earlier.

By Mediha DiMartino September 12, 2016 midnight share »

Private Foundations Boost Overall Giving By 23%

Orange County’s private foundations gave more locally and overall in their most recent fiscal years.

By Michael de los Reyes September 6, 2016 midnight share »

Corporate Foundations Boost Giving 1.4% to $1.3B

Corporate foundations active in Orange County continued what’s now a six-year trend of increasing overall cash contributions to OC charities.

By Michael de los Reyes September 6, 2016 midnight share »

Chipmakers, led by Broadcom, Cut OC Work Force 16%

Big job cuts at Broadcom Ltd. following its $37 billion sale in February to Singapore-based Avago Technologies Inc. and a string of divestitures fueled one of the steepest local employment drops in the chip sector in years.

By Chris Casacchia August 29, 2016 midnight share »

PR Firms Up Staffing 14%, Outpacing US Estimate

The majority of the biggest public relations firms in Orange County increased their staffing levels during the 12 months ended July 31, combining to more than double the Bureau of Labor Statistics’ projected 6% pace of national industry growth.

By Mediha DiMartino August 22, 2016 midnight share »

Telecoms Reverse 2 Years of Job Cuts With 4% Gain

The continued growth of T-Mobile USA Inc. and Mobilitie LLC’s local operations boosted the employment of the largest telecommunications companies in Orange County over the year ended July 31.

By Chris Casacchia August 15, 2016 midnight share »

OC Cities’ Populations Inch Up Another 1% to 3M+

Orange County’s population expanded by about 29,000 people last year, or a hair under 1%, ending 2015 at slightly above 3 million.

By Michael de los Reyes August 15, 2016 midnight share »

HMO Membership Flat in OC, PPOs Post 12% Rise

Orange County’s top eight health maintenance organizations grew slowly during the 12 months through July.

By Vita Reed August 8, 2016 midnight share »

Dental Care Plans’ Growth Stagnates Following Spike

Membership at managed dental healthcare plans operating in Orange County slightly declined over the year ended last month after a surge in 2015.

By Vita Reed August 8, 2016 midnight share »

Big Wheels, Big Deals

This year’s crop of OC’s richest residents managed to outpace the market by a longshot, thanks to a number of additions and several deals that helped boost the combined wealth of the 45 entries to $72.5 billion.

By Chris Casacchia, Jerry Sullivan August 1, 2016 midnight share »

Best In Show

Would you go bowling with your boss?

By Paul Hughes July 25, 2016 midnight share »

Tenant-Improvement Work Tops $900 Million Here

Orange County’s 30 largest tenant-improvement contractors continued to grow last year, combining for $909 million in local work.

By Michael de los Reyes July 18, 2016 midnight share »

Accounting Firms Expand for Fifth Consecutive Year

Orange County’s largest accounting firms combined to grow the industry’s local work force by 6% over the year through June for the fifth consecutive year of gains as the economy and business regulation expanded.

By Michael de los Reyes July 11, 2016 midnight share »

Management Consultants Continue Growth in OC

Orange County’s top management consulting firms experienced 9% growth to employ about 1,760 locally in the year ended June 30, many of them adding staffers.

By Michael de los Reyes July 11, 2016 midnight share »

Women-Owned Firms Turn Revenue Hike Into Big Job Gains

Orange County’s biggest women-owned businesses generated more than $3.75 billion in revenue last year, a 7% annual increase and the sixth consecutive year of growth.

By Mediha DiMartino July 4, 2016 midnight share »

Top Restaurant Chains Post 8% Gain, $16.4B in Sales

Orange County-based restaurant chains continued to grow in the past year, reaching $16.4 billion in revenue, a hike of about 8% from a year ago.

By Michael de los Reyes June 27, 2016 midnight share »

Private Cos. Set Pace on Job Gains

Call it a Triple Crown: The largest Orange County-based private companies combined to post impressive increases in revenue, as well as local and company employment, Business Journal research shows.

By Paul Hughes June 20, 2016 midnight share »

Commercial Development at Highest Level Since ’07

Orange County’s top commercial real estate developers posted their most active year of completed projects in a decade with a variety of sizeable product types opening across the region over the year ended April 30.

By Mark Mueller June 13, 2016 midnight share »

Commercial Construction Up, Uncertainty on Horizon

Orange County’s largest commercial construction companies took in the most revenue since the Great Recession, although a shrinking backlog and ominous economic reports raise questions about the industry’s continued growth.

By Mark Mueller June 13, 2016 midnight share »

Top VC Firms Invest 35% Less in Local Companies

The most active venture capital firms with local headquarters or significant operations and ranked by amount invested in OC companies combined for about $56 million in 39 portfolio deals last year. That’s about 35% less money than the top VCs invested in 2014 in about the same number of completed local deals.

By Michael de los Reyes June 6, 2016 midnight share »

Apparel Makers Inch Up Local Employment By 1%

A lot can happen in a year, and the past 12 months were no exception for the 53 largest apparel companies based in Orange County. The top three on this week’s Business Journal list are under new leadership, one emerged from bankruptcy, and several others have traded hands. A few firms also notched significant local staffing changes, the metric the list is based on.

By Mediha DiMartino May 30, 2016 midnight share »

New Hotel, a Few Room Tweaks, Shuffle Ranks

There have been a few changes on a list that rarely sees them.

By Paul Hughes May 23, 2016 midnight share »

Software Maker Jobs Up Slightly as Newer Firms Join

The county’s largest software makers grew employment by 5.1% in the 12 months through April as several emerging companies joined the ranks of the largely mature local industry.

By Chris Casacchia May 16, 2016 midnight share »

Consumer Electronics Hub Sees Cuts at Top On Larger Concerns

Orange County is home to a vibrant sector of companies that make and market consumer electronics, the largest among them accounting for more than 4,500 jobs, even with a recent rough patch for local employment at the top.

By Chris Casacchia May 16, 2016 midnight share »

SBA Lending Up By Number of Deals, Dollar Value

Small-business lending in Orange County continued to grow in recent months, based on this week’s Business Journal ranking.

By Michael de los Reyes May 2, 2016 midnight share »

Employment Agencies Grow Top Line on Flat Volume

Orange County employment agencies had solid revenue gains last year while placing essentially the same number of workers—a sign, they say, of an uptick in demand to find new workers for clients in their bread-and-butter businesses.

By Paul Hughes April 25, 2016 midnight share »

Historic Deals, Hefty Effect for Public Cos.

The two biggest sales of locally based public companies in Orange County’s history brought an equally historic reduction to the rest of the field. The 100 entries that make up this year’s list of the largest public companies had a combined market capitalization of $98 billion as of March 31, down 53% from a year earlier.

By Michael de los Reyes April 18, 2016 midnight share »

Ad Shops’ Revenue Up 12.8%, Combine for $1.36B

Orange County’s largest advertising agencies posted an estimated 12.8% gain in revenue last year, the second consecutive year the group has surpassed the $1 billion benchmark.

By Mediha DiMartino April 11, 2016 midnight share »

Printers Flat on Sales in 2015, Trend Offset Still Tops

The local printing industry isn’t dead, but it’s not growing either. That’s the takeaway from a review of Orange County’s 30 largest commercial printers, which combined for $617.7 million in sales last year, about the same as in 2014.

By Mediha DiMartino April 11, 2016 midnight share »
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Private Companies Sought for Annual List

The Business Journal is preparing its annual list of privately owned companies for publication in June.

April 7, 2016 12:49 p.m. share »

Brokers Boost Sales, Leases for Sixth Year of Gains

Increased property sales volume, particularly for larger buildings and land sites, in addition to gains in leasing activity, resulted in another strong year for Orange County’s largest commercial brokerages.

By Mark Mueller April 4, 2016 midnight share »

Top Property Managers Grow OC Accounts for 4th Year

Orange County’s largest commercial property managers’ local portfolios grew modestly over the past year as they made larger gains outside the area.

By Mark Mueller April 4, 2016 midnight share »

Environmental Consultants Feel Effect of Energy Slump

Orange County’s largest environmental consultants faced a tough landscape last year, with no big increase in government spending—a staple of the segment—and aftershocks from the difficulties in the energy sector.

By Michael de los Reyes March 21, 2016 midnight share »

Title Insurance Work Picked Up Steam Last Year

Orange County’s largest title insurers’ business picked up last year, and they’re preparing for another active year in transaction volume and potential industry consolidation.

By Mark Mueller March 14, 2016 midnight share »

Check It Out: OC Food Cos. Top $16B in Revenue

The Business Journal’s inaugural list of food and beverage suppliers based in Orange County shows an industry that notched a 5% increase to more than $16 billion in revenue last year.

By Paul Hughes March 7, 2016 midnight share »

Minority-Owned Companies’ Revenue Up 9% in 2015

The largest minority-owned businesses with headquarters in Orange County combined for just a little over $16 billion in revenue last year, up 9% over 2014’s number and the same percentage increase as last year’s.

By Deirdre Newman February 29, 2016 midnight share »

New-Home Sales Slide in ’15 Amid Declining Supply

New-home sales in Orange County took a step back last year as two of the region’s three largest master-planned developments brought no new offerings on line until late in the year.

By Mark Mueller February 22, 2016 midnight share »

Q&A

Orange County hospital and medical group executives say this year will be a busy one for them, with new outpatient centers, technology and changes in how they deliver healthcare. The Business Journal’s Vita Reed asked several local CEOs to share their plans as the year rolls out. Edited excerpts of their responses follow.

By Vita Reed February 15, 2016 midnight share »

UCI Health’s New Leader Forges Vision for Enterprise

A new leader has taken the helm of UC Irvine Health, the University of California-Irvine’s healthcare enterprise, directly overseeing its academic work and with proximity and oversight of its clinical work, something he said is unique among the five UC campuses with extensive medical operations.

By Vita Reed February 15, 2016 midnight share »

Hospitals’ Patient Revenue Up 11% Over Year to $6.9B

Net patient revenue at Orange County’s 28 largest hospitals jumped significantly over the past 12 months while the centers posted a narrow pretax loss.

By Vita Reed February 15, 2016 midnight share »

Top Law Firms Flat on Attorney Count, Add Partners

Partner ranks at Orange County law firms grew more in the past year while the number of overall attorneys and firm employees were flat.

By Deirdre Newman February 8, 2016 midnight share »

Banks’ Local Deposits Make Biggest Jump in Years

Orange County banks and thrifts increased local deposits 15.8% for a total of $96.9 billion in the year ended June 30.

By Michael de los Reyes February 1, 2016 midnight share »

Foreign-Owned Companies Stay Employment Course

The biggest foreign-owned companies with regional headquarters or significant operations in Orange County employ more than 27,000 here, about the same as a year earlier.

By Mediha DiMartino January 25, 2016 midnight share »

Top 50 Hotels for Meeting Space Delve Into Details

Meeting space is meeting space, right?

By Paul Hughes January 18, 2016 midnight share »

Nonprofits’ Income Up a Tad as Client Base Rises 9%

Most of Orange County’s nonprofits should be pleased with the way 2015 turned out, based on the averages in the Business Journal’s annual list.

By Vita Reed December 7, 2015 midnight share »

OC Retailers Bring Head of Steam Into Holiday

The top 33 shopping centers in Orange County notched a sixth straight year of growth in taxable sales, with an overall performance that suggests the local retail scene is hot heading into the crucial year-end holiday season.

By Mediha DiMartino November 30, 2015 midnight share »

Auto Dealer Sales, Makers’ Staff Up

The 40 largest auto dealers in Orange County combined for $5.3 billion in sales for the 12-month period that ended June 30, based on this week’s Business Journal list.

By Mediha DiMartino November 30, 2015 midnight share »

Biggest Employers Pick Up Pace on New Hires

Orange County’s biggest employers grew their combined work force at the fastest rate in years.

By Jane Yu November 23, 2015 midnight share »

Q&A

Regulations, while they remain a common key challenge for all financial institutions, aren’t the only burden on bankers’ minds. There are other concerns that may be specific to a bank or credit union, including its size, customer base, and other factors. The Business Journal’s Jane Yu asked local bank and credit union executives to discuss their current concerns other than regulations. Their responses touch upon a variety of topics, ranging from data security and competition from online lenders to finding skilled talent and catering to younger generations. Here are edited excerpts of their responses:

By Jane Yu November 16, 2015 midnight share »

Commercial Bank Assets’ Biggest Jump in Decade-Plus

Orange County-based commercial banks have recorded the biggest year-over-year increase in assets in more than 10 years.

By Jane Yu November 16, 2015 midnight share »

Credit Unions Grow Assets Faster in Recent Fiscal Year

The biggest local credit unions have picked up the pace of growth, notching an 8% increase in combined assets to $18 billion.

By Jane Yu November 16, 2015 midnight share »

Chipmakers End Streak of Cuts Amid Combinations

The largest chipmakers in Orange County added jobs in the past year amid a wave of industry consolidation that included four companies with local operations.

By Chris Casacchia November 9, 2015 midnight share »

Fastest-Growing Public Companies Get Faster

Orange County’s fastest-growing public companies got faster this year.

By Jane Yu November 2, 2015 midnight share »

Homebuilder Tops List After 2 Years Back in Public Market

Improving fortunes in the housing market and a disciplined operating plan have provided a boost to the fortunes of William Lyon Homes Inc. during its return to the public markets.

By Mark Mueller November 2, 2015 midnight share »

Home-Grown

Fast growth continues for Banc of California Inc.

By Jane Yu November 2, 2015 midnight share »

Pot Products Maker Grows Like a Weed

Terra Tech Corp.’s crops of basil, oregano, thyme, parsley and lettuce are a steady line of business, but the Newport Beach-based company’s newer line of products derived from another leafy green is the big growth driver.

By Chris Casacchia November 2, 2015 midnight share »

Financial Advisories Cut Local Representatives By 6%

The combined number of local registered representatives at Orange County’s biggest financial advisory firms dropped while the firms boosted their total OC work forces.

October 26, 2015 midnight share »

Big Data Becomes Big Initiative at Local Campuses

Orange County colleges and universities are launching and expanding programs in big data to train students to capture and analyze the reams of information that’s become available in an age when data storage capacity has ballooned.

By Paul Hughes October 12, 2015 midnight share »

Grant, Dolls and Gaming Link Commerce, Creativity

Chapman University plans to open a business incubator for arts and culture-based enterprises at the end of a two-year, $200,000 grant the European Union awarded the school last month.

October 12, 2015 midnight share »

MBA Programs’ Numbers Down in Strong Economy

Numbers are down in the Business Journal’s annual survey of MBA programs that serve Orange County—and that’s a good thing.

By Paul Hughes October 12, 2015 midnight share »

Insurance Brokers Continue Revenue Gains for 5th Year

Orange County’s insurance brokers grew for the fifth straight year, notching a 13% increase in combined revenue last year.

By Jane Yu October 5, 2015 midnight share »

Architecture Firms Ramp Up With 9% Billings Increase

Orange County’s architecture firms combined for a 9.1% increase in local billings this year following a modest 1.6% increase in local billings last year, and are on track to return to the 13% surge they had in 2013.

By Kate Schwartz September 28, 2015 midnight share »

Engineering Firms Reverse Last Year’s Billings Drop

Orange County’s top engineering firms with headquarters or significant operations here have recovered from a 1.5% drop in billings last year, posting a 1.7% increase in local billings during the 12-month period ended June 30.

By Kate Schwartz September 28, 2015 midnight share »

Fastest Growers Prove Efficient

The number of entries on this week’s Business Journal lists of fastest-growing private companies based in Orange County is down by about 10% from a year ago.

By Jerry Sullivan September 21, 2015 midnight share »

Private Foundations Give More in OC, Less Overall

Private foundations based in Orange County spent more money in their own backyard last year as they trimmed their overall giving.

September 7, 2015 midnight share »

Corporate Foundations Boost Giving in 2014 by 6.1%

Corporate foundations active in Orange County marked their fifth year of yearly increases in total cash contributions and cash contributions to OC charities.

September 7, 2015 midnight share »

Electronics Makers See Flat Employment Pace

Employment at the county’s largest contract electronics makers was flat over the past 12 months, despite steady sales growth in the industry worldwide.

By Chris Casacchia August 31, 2015 midnight share »

New Tools, Talent Fuel PR Shops

The 40 biggest public relations firms based in Orange County are doing more with more—additional services, bigger budgets, new hires.

By Mediha DiMartino August 24, 2015 midnight share »

Telecom’s Job Cuts Pull Down Local Industry By 6%

A companywide restructuring fueled the second straight year of significant job losses among Orange County’s largest telecommunications companies.

By Chris Casacchia August 17, 2015 midnight share »

OC Cities’ Populations Increase 1% to Top 3 Million

Orange County’s population growth kept pace and inched up by 1% last year to slightly above 3 million.

August 17, 2015 midnight share »

$62B Worth of Food for Thought

Real estate, technology, healthcare, inheritances.

By Jerry Sullivan August 3, 2015 midnight share »

Hyundai Capital Sets Sights on Makeover on MacArthur

Hyundai Capital America is often identified locally in connection with the large, transparent building next to the San Diego (405) Freeway in Irvine known as The Michelson.

By Kate Schwartz July 20, 2015 midnight share »

Tenant-Improvement Contractors’ Work Gains Slow

Orange County’s largest tenant-improvement contractors continued their growth trend last year but slowed in all aspects, including local revenue and number of employees.

By Kate Schwartz July 20, 2015 midnight share »

Q&A

A diversity of business sectors, ample capital held by investor groups, and demographic factors are some key drivers behind a robust mergers-and-acquisitions scene in Orange County. The fast pace of M&A activity means professional services providers, such as accountants, are in high demand to carry out sound due-diligence procedures and provide guidance. The Business Journal’s Jane Yu asked local accounting firm executives to share their thoughts on M&A activity in Orange County, as well as to discuss expectations for future trends and client concerns. Here are edited excerpts of their responses:

By Jane Yu July 13, 2015 midnight share »

Accounting Firms Notch 4th Year of Workforce Gains

Orange County’s largest accounting firms combined to grow the sector’s local workforce by about 4% over the past year, marking the fourth straight year of modest gains.

By Jane Yu July 13, 2015 midnight share »

Management Consultant Gains Slow As Biggest Shrink

The pace of employment growth at Orange County’s top management consulting firms slowed over the past year, driven primarily by job cuts at the biggest.

By Jane Yu July 13, 2015 midnight share »