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)

OC’s PR Shops Grew in Past Year

Social Media, Digital Storytelling in Toolset

The role of public relations professionals is changing—even the president is tweeting daily, bypassing the media.

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Not Standing Still

How OC’s Wealthiest Grew Firms and Fortunes

Orange County’s wealthiest people enjoyed a good year. Most on our 2017 list, see page 16 of stand-alone Special Report, grew their fortunes, some substantially. The roster grew by two, nearly 5% from 45 to 47. The Business Journal’s “cutoff” is $250 million.

Best Places to Work Give Employees More Than Pay

100 That Came Out on Top Offer Perks, Extra Dough

Looking for a job with an unlimited number of vacation days? Check in with DKN Hotels in Irvine.

Tenant-Improvement Contractors ‘Crazy Busy’ in OC

33 Firms Pass $1 Billion In Sales With 19% Jump

Orange County’s tenant contractor industry is “crazy busy,” according to David Smith, president at Smith and Severson Builders of Lake Forest.

Fastest-Growing Private Companies Wanted for Business Journal’s Annual List

ECONOMY: Centerpiece of Sept. 18 Special Report

Is your company growing fast?

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Accounting Firms Grow Again on ‘Positive Trends’

6th Consecutive Rise In Employees 2% Bump

Orange County’s largest accounting firms increased their employee counts 2.3%, the sixth consecutive year of gains.

Consulting Firms Report 2.2% Rise in Headcount

List Adds Consultants From Accounting Firms

Orange County’s top management consulting firms reported a 2.2% bump in consultants to 1,924 in the year ended June 30, based on research for the Business Journal’s annual list.

Largest Women-Owned Firms Made Gains in 2016

10-Year Trend in OC Keeps Pace With U.S.

Revenue generated by Orange County’s largest women-owned businesses grew about 35% since the recession and is on par with the national growth for the same time period.

Our 2017 Restaurant List Looks Healthy

38 OC-based chains grow, split, buck trends; sales up 7%

OC-based restaurant chains are seeing such life that a few split from our list for a new chart.

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Three Amigos

PacLife, Kingston, Golden State Foods Lead Private Cos. List—Again

They say it’s lonely at the top, but if you invite a few friends it can get downright clubby.

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New Hotels, Retail Drive Commercial Development

Plenty Under Way, Less Finished Than Prior Year

Orange County’s top commercial real estate developers kept busy last year with a host of retail, hotel and office projects, although the number of buildings nearing the finish line was smaller than the previous few years.

Local Construction Cos. Post Best Year Since 2009

Employment Totals Now Top Prerecession Levels

Orange County’s largest commercial construction companies showed no signs of a slowdown in activity last year as a variety of large private and public-sector projects helped push revenues to a post-recession high.

Financial Advisers Boost Representatives by 2.7%

OC Advisers Have Climbed 25% Since 2010

The combined pool of financial advisers in Orange County grew about 2.7% to 2,022 last year, led by increases at Merrill Lynch, Fidelity Investments and Raymond James Financial Services Inc.

Top VC Firms Invest 47% More in Local Companies

43 OC Deals for $78M Up From 30 for $53M in 2015

Venture capital firms based in Orange County increased their local investments 47% last year, led by Toba Capital and Okapi Venture Capital.

Area Hospitality Steady in Rooms, Trends, Money

List Hotels Have Few, But Key Room Modifications

Waterfront Beach Resort, A Hilton Hotel shuttered six of its 290 rooms last year, but it had a very good reason—the move helped make way for about 150 more in a new tower that’s scheduled to open in September.

Women-Owned Businesses Wanted for Annual List

Special Report: Focus of July 3 edition

Is your company women-owned? The Business Journal wants to hear from you.

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Apparel Makers’ OC Employment Drops 5% to 8,593

54 Biggest Firms Include Four Newcomers

Orange County’s largest apparel makers slowed hiring over the past year.

Consumer Electronics Makers’ Employment Flat

18 Biggest Marketers, Makers Employ 4,618

A headquarters move and an axed sale were the big headlines generated recently by Orange County’s largest consumer electronics makers as employment held steady.

Chipmakers’ Employment Flat After Deep 2016 Cuts

Biggest Combine to Trim 15, Leaving 3,947 in OC

Orange County’s biggest chipmakers in the 10 months through the end of April staved off deep job cuts that have defined the sector following Broadcom Corp.’s $37 billion sale to Singapore-based Avago Technologies Inc. last February.

SBA Loan Value Soars 40% at 30 Largest Lenders

Number of Loans Grows At Slower, 2% Pace

Small Business Administration lending in Orange County grew at a torrid 40% pace in a recent six-month period while the number of loans climbed at a slower 2.4% pace, based on two lists published in this week’s Business Journal.

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?

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Employment Agency Numbers Reflect Hot Job Market

Temp Down, Direct-Hire Up, For Firms That Tell

Orange County’s job market produced some apparent anomalies in the placement of temporary and permanent workers last year.

Ad Agencies Post 2nd Straight Year of Double-Digit Gains

Two Firms Have 56% of List’s $1.5 Billion in Revenue

Let’s see that clip again.

Commercial Printers Hold the Line on 2016 Sales

29 Biggest Take in $621M Through 110 OC Presses

Orange County’s 29 largest commercial printers combined for $621 million in sales last year, about the same as the group posted in 2015.

Bull Market for Public Cos.

Capitalizations Rise, IPOs Return, for OC’s Top 100

It was another year of change for Orange County-based public companies.

Private Companies Wanted for Annual List

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

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Brisk Sales Boost Bottom Line of CRE Brokerages

Volume Rises 8%; Lease Deals Down 3%

A brisk pace of building, apartment and land sales helped overcome some sluggish leasing activity in Orange County last year. The bottom line: another year of gains for the area’s largest commercial brokerages.

Development Buoys OC Property Managers’ Books

Top Firms’ Local Accounts Approach 200 Million SF

A dose of development helped Orange County’s largest commercial property managers grow their local portfolios for the fifth straight year.

6% Bump in Local Billings for Environmental Firms

Uptick Reverses Last Year’s Slight Decline

Orange County’s largest environmental consultants, as ranked by local billings, experienced an increase last year in those numbers after a small decrease in 2015.

Firms Hold Back on Attorney Hires for Second Year

Numbers Again Flat After Modest Post-Recovery Gains

Law firms in Orange County held attorney counts steady over the past year for the second year in a row after two years of modest gains.

Title Insurers Seek More Buys in Face of Rate Hikes

Brokerage Business, Data Firms on Shopping List

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.

Bank Deposits Increase 13% to $109.6 Billion

Top Three Unchanged, Represent 37% of Growth

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.

Lake Forest Homebuilding Steps Out of Shadows

Ongoing Projects, Pipeline Add Slew of New Homes

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.

Top-Ranked Hospitals Combine for 2% Revenue Jump

30 Centers Take in $7.2B; UCI Hospital Still at Top

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.

Minority-Owned Firms’ Revenue Up 10% in 2016

78 Combine for $18.7B, Employ Nearly 14K in OC

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.

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

Paséa, Great Wolf Drive Climb to Over 1.3M SF

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.

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

ECONOMY: First entries reflect growing commercial presence here

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.

Nonprofit Revenue up 3%, Client Base Rises 2%

Volunteers Increase 10%, Staff Up 4% at 93 Groups

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

Biggest Employers Get Bigger

Grow Local Workforces 2.5% to 273,000, Up 3.5% Companywide

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

OC Retail Keeps Streak

Biggest Shopping Centers Post 1.7% Increase, Top $8B in Sales

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

Downshift on Sales Gains for Auto Dealers

AUTOS: 1.5% hike for biggest; Karma top automaker for jobs

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.

Commercial Banks Grow Assets 39% to $34 Billion

Top Five Unchanged; Profits Up 31% to $138M

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.

Credit Unions Grow Assets 8% to $19.4 Billion

Struggle on Profits, With 1% Dip to $73 Million

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.

Escalating Expansion

Fastest-Growing Public Companies Combine to Hike Revenue 75% to $25 Billion

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

Financial Advisories Add 200 Local Reps, Up 12%

64% of Advisers at Top 5; 4 Firms Debut on List

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%.

Aerospace & Defense Contractors Lose Altitude on Jobs

Slight Decline 2nd in Row For Biggest With Operations Here

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

OC MBA Enrollment Up 25%, Number of Grads Down

Online Schools Lead List Of 41 SoCal Programs

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).

Insurance Brokers Grow Revenue 7% to $624 Million

Biggest Rise Fastest, Account 75% of Total

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.

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

Renovations Up for Office, School, Retailer Clients

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.

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

OC Market Defies US Slide on Oil Price Decline

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

Fastest Growers Top $15 Billion

Employment Up 16% to Nearly 21,000 Jobs

The 157 fastest-growing private companies in Orange County combined to boost revenue by more than 66% over the last two years to an estimated $15.4 billion.

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.

Employment Up at Biggest Medical Device Makers

Local Public Companies Lead; Net Gain of 970 Workers

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.

Biggest Drugmakers Hold Steady on OC Jobs

Allergan Still No. 1 for Local Employment

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.

Private Foundations Boost Overall Giving By 23%

Combine to Donate $180M, Increase Local Gifts 46%

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

Corporate Foundations Boost Giving 1.4% to $1.3B

OC Contributions Up 5% To Nearly $20 Million

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

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

17 Biggest Down 756 Jobs To Just Under 4K Workers

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.

PR Firms Up Staffing 14%, Outpacing US Estimate

The Brand Amp Stays Atop List With 21% Increase

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.

Telecoms Reverse 2 Years of Job Cuts With 4% Gain

Led By T-Mobile, Which Added 175 Employees

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.

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

34 Incorporated Areas Still Topped By Anaheim

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

HMO Membership Flat in OC, PPOs Post 12% Rise

Growth on Hold As Planned M&As Scrutinized

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

Dental Care Plans’ Growth Stagnates Following Spike

Membership Flat at 13 Biggest To 2.6 Million

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

Big Wheels, Big Deals

How OC’s Wealthiest Got Much Wealthier

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.

Best In Show

Top Firms Employ Perks From Pizza to Flex Time

Would you go bowling with your boss?

Tenant-Improvement Work Tops $900 Million Here

30 Firms Do $909M In Work, Grow Revenue 16%

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

Accounting Firms Expand for Fifth Consecutive Year

Boost Employment By 6%, Big Four Again Lead Pack

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.

Management Consultants Continue Growth in OC

Local Employment Up 9%, Firmwide Staff Rises 19%

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.

Women-Owned Firms Turn Revenue Hike Into Big Job Gains

ECONOMY: Largest up 20% overall, 9.2% on local hires

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.

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

Big 5 Strengthen Positions; 8 Newcomers on List

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.

Private Cos. Set Pace on Job Gains

Increase for Largest Here Surpasses State, Nation; Revenue Up 9.1%

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.

Commercial Development at Highest Level Since ’07

Nearly 3M SF Completed; Projects Spread Across OC

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.

Commercial Construction Up, Uncertainty on Horizon

Revenues Here Highest Since ’09, Backlog Down

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.

Top VC Firms Invest 35% Less in Local Companies

Toba New No. 1 After Versant, Ventana Exit OC

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.

Apparel Makers Inch Up Local Employment By 1%

Slow Growth Comes As Biggest Tweak Leadership

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.

New Hotel, a Few Room Tweaks, Shuffle Ranks

HOSPITALITY: Great Wolf raises top 50 to 21,508 rooms

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

Software Maker Jobs Up Slightly as Newer Firms Join

TECHNOLOGY: 39 Largest Combine For 8,000-Plus Jobs

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.

Consumer Electronics Hub Sees Cuts at Top On Larger Concerns

ECONOMY: WD, Toshiba react to external, internal factors, trim staff

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.

SBA Lending Up By Number of Deals, Dollar Value

$225M Provided, Up 31%, In 440 Loans, Up 16%

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

Employment Agencies Grow Top Line on Flat Volume

Tight Worker Supply Brings Creative Challenge

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.

Historic Deals, Hefty Effect for Public Cos.

ECONOMY: Edwards Lifesciences fills vacuum, claims top spot

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.

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

Year of Corporate Tweaks; Advantage Remains No. 1

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.

Printers Flat on Sales in 2015, Trend Offset Still Tops

30 Biggest Combine to Stay About Even at $618M

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.

Private Companies Sought for Annual List

Special Issue: list will be centerpiece of June 20 edition

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

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Brokers Boost Sales, Leases for Sixth Year of Gains

Investment Sales Help Push Up Total By 16%

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.

Top Property Managers Grow OC Accounts for 4th Year

5M SF of Buildings Added Over Past Two Years

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

Environmental Consultants Feel Effect of Energy Slump

Slight Declines Seen In Jobs, Billings Flat

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.

Title Insurance Work Picked Up Steam Last Year

43% Increase on Gains In Home, Commercial Work

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.

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

THE LIST: 3,000 workers here, 45,000 overall

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.

Minority-Owned Companies’ Revenue Up 9% in 2015

ECONOMY: 80 Take in $16B- Plus, Keep Employment Flat

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.

New-Home Sales Slide in ’15 Amid Declining Supply

New Community Count Now Picking Up Across OC

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.

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.

UCI Health’s New Leader Forges Vision for Enterprise

Plans Efficiencies, New Academic Programs, More

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.

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

Biggest Combine to Reverse Previous Year’s 21% Decrease

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.

Top Law Firms Flat on Attorney Count, Add Partners

List of 86 Offices Includes Nine Newcomers

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

Banks’ Local Deposits Make Biggest Jump in Years

Numbers for 43 Biggest Up About 16%, Ranks Shift

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

Foreign-Owned Companies Stay Employment Course

36 Biggest Still Employ 27,000-Plus in County

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.

Top 50 Hotels for Meeting Space Delve Into Details

Slight Increase in Current Stock, Several Newcomers in Works

Meeting space is meeting space, right?

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

88 Biggest Serve More In OC, Up Volunteers 10%

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.

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.

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.

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