Commercial, Homebuying Business Pick up Refi Slack
The country’s biggest title insurers are striking optimistic notes on the health of their industry, despite the expectation of additional interest rate hikes, which have already put a crimp on refinance business.
4 Master-Planned Areas See Two-Thirds of Action
New-home sales reached a 15-year high in Orange County last year, thanks to a surge in condominium and attached-home sales and continued development at the area’s four largest master-planned communities.
Big Giving Up And Unprecedented in 2017
This is the Business Journal’s first ranking of largest charitable gifts. Was an easy inspiration. The Susan and Henry Samueli gift to the University of California-Irvine, the Fowlers’ and Kecks’ to Chapman University, the Argyros’ to Segerstrom Center (and others) were front-page stories, in some cases record in scope, even on a national level.
FINANCE: BofA, JPMorgan outgrow top-3 rival Wells Fargo
Banks operating in Orange County are attracting more deposits with fewer employees and branches, based on the Business Journal’s annual list.
UCI to Fill Two Positions; Providence Taps New Head
High performers like UC Irvine Medical Center and Providence St. Joseph Health—its local network comprised of seven hospitals—experienced changes on the executive level in the year ended Sept. 30, the former in search of a new chief executive, the latter naming a regional head to oversee Los Angeles, Orange and San Bernardino counties.
Solitary Work Connects Care, Corporate Concerns
They say there’s balance in nature.
Activity Level Belies Slow-Growth Numbers
2017 revenue and hiring at Orange County-based minority-owned businesses showed little change from 2016, according to Business Journal research—including slight declines at companies such as No. 3, Alorica in Irvine, and No. 7, New American Funding.
Growing Economy and Wage Boosts Lifted 2017 Placings
2017 was a better year for the Orange County operations of employment agencies. The placement firms saw growth across nearly all metrics, from annual revenue to number of temporary and permanent workers landing jobs with clients.
Events Digs Make Splash as SF Up 2.1%
Meeting space is what the community of business is, at least for the 52 hotels on this week’s list.
Top Foreign-Owned Cos. Still Show Some OC ‘Braun’
Orange County’s automakers helped drive a modest uptick in employment last year among the largest foreign-owned companies with major operations here.
CALL FOR ENTRIES: Website to take entries through March 16
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Donors Boost Giving To Assist Homeless
The issue of rising homelessness was one of the keys to a 7.2% boost in revenue among nonprofit organizations in Orange County.
List Adds Bigger Players, County Workers in 2017
Orange County’s largest employers added about 2,300 jobs over the previous 12 months for modest growth of 1%.
Ownership, Executive, Plan Changes in Group of 35
A seven-year growth streak has ended for Orange County’s largest shopping centers.
Karma Now Biggest OC Automaker Employer
The 39 largest auto dealers in Orange County combined for $5.16 billion in sales for the 12-month period that ended June 30, a 1.4% increase that marks the second straight year of a significant slowdown from recent years, according to this week’s Business Journal list.
14% Increase Doesn’t Compare to Prior Years
Orange County-based commercial banks boosted assets a normally admirable 14% to $36 billion in the 12 months ended June 30.
Increase Tops 10% For First Time in Decade
Orange County’s credit unions are back to growing assets by double-digit percentages.
Fastest-Growing Cos. Use Buys to Bump Sales 44%
Orange County’s fastest growing publicly traded companies increased revenue by $16 billion in a two-year span.
‘Corporate Philanthropy Is in a Renaissance’
The list in this Special Report is unusual for the Business Journal in two ways. It’s a first—the first list of local-market Civic 50 honorees in the country. And it’s likely a first Business Journal list without financials. Rightly so.
M&A, Growing Business Lines Highlight Sector
Two big takeovers and a headquarters move to Orange County shook up the local landscape for the largest aerospace and defense contractors with operations here.
Competition for Students Results in Fewer Applications
Southern California schools with MBA programs showed a slight decrease in the number of Southern California enrollees, down about 2% from a year ago, based on the Business Journal’s annual survey. The number of enrollees dropped from 12,418 in September 2016 to 12,171 last month. It was a smaller drop than that reflected on last year’s list, when there was an approximate 6% change from September 2015 to September 2016.
25 Firms Report Strong Growth for Fifth Year
Orange County’s largest insurance brokerages continued solid growth as local revenue climbed above 7% for the fifth straight year.
Firmwide Billings Climb At Faster Pace than Local
Orange County’s architecture firms reported they’re growing their business faster outside the county.
AECOM, Arcadis, Jacobs Experience Good Years
Orange County’s top engineering firms reported a 6.2% rise in OC billings to $1.6 billion.
This Year’s Ranks Led by the ‘Big As’ Grew Jobs 30%
In life, in lists, it’s rough to do apples-to-apples comparisons. In culling our weekly lists of every business silo and subsilo, of firms of all ownership forms and makeups, we have several goals: to compile as comprehensive and accurate a roster as possible; to produce features on the best and the brazen; and to analyze beyond a comparison of numbers. As an editor wrote one sentence ago, “It’s very difficult to do apples-to-apples comparisons.”
HEALTHCARE: 39 biggest add over 1,500 workers in strong sector
Medical device makers with operations in Orange County added 1,560 employees over the 12 months ended July 30, for a growth rate of 8.1%, according to Business Journal research.
Allergan Still No. 1; Dendreon Joins List
The biggest drugmakers with headquarters or significant operations in Orange County employed 2,861 here at the close of the year ended July 30, up nearly 3% from a year earlier.
Argyros Tops Privates, Wells Fargo Corporate
For this year’s philanthropy lists, the Business Journal ranked both corporate and private foundations by the amounts they gave to Orange County charities, instead of by total giving. The criteria include that the foundation is either headquartered here in OC, focuses a significant amount of its giving on OC charities, or that a principal lives here. Giving, in and of itself, can be volatile and fluctuate from year to year.
Six List Newcomers in Hot Spaces: AI, Gaming
A mix of new and established companies helped Orange County post solid job growth in the software sector for the second consecutive year.
Anaheim Leads Cities Roster
Imagine Angels outfielder Mike Trout on an exceptional day—the final score could read “Trout 7, White Sox 2,” —and you get an idea of Irvine compared to its city-mates in Orange County.
TECHNOLOGY: Mobilitie grows on 5G buildout
Employment in Orange County’s telecommunications sector was buoyed by strong gains from the local operation of T-Mobile USA Inc. for the second consecutive year.
Social Media, Digital Storytelling in Toolset
The role of public relations professionals is changing—even the president is tweeting daily, bypassing the media.
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.
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.
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.
ECONOMY: Centerpiece of Sept. 18 Special Report
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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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
Special Report: Focus of July 3 edition
Is your company women-owned? The Business Journal wants to hear from you.
54 Biggest Firms Include Four Newcomers
Orange County’s largest apparel makers slowed hiring over the past year.
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.
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.
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.
Is your company about much more than its bottom line? Does it also use its resources to better the Orange County community?
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.
Two Firms Have 56% of List’s $1.5 Billion in Revenue
Let’s see that clip again.
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.
Capitalizations Rise, IPOs Return, for OC’s Top 100
It was another year of change for Orange County-based public companies.
The Business Journal is preparing its annual list of privately owned companies for publication in June.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
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.
Fastest-Growing Public Companies Combine to Hike Revenue 75% to $25 Billion
The 47 fastest-growing public companies in Orange County are growing faster.
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%.
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.
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).
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.
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.
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.
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.
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.
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.
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.
Combine to Donate $180M, Increase Local Gifts 46%
Orange County’s private foundations gave more locally and overall in their most recent fiscal years.
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.
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.
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.
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.
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.
Growth on Hold As Planned M&As Scrutinized
Orange County’s top eight health maintenance organizations grew slowly during the 12 months through July.
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.
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.
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.
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.
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.
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.
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.