Community Benefits a Must for Private Nonprofits

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.”

Banks, Thrift Expand Orange County Deposits by 8%

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.

Legal Pros Focus on Fine Arts, Plan UCI Collaboration

Attorneys Work With UCI Program to Boost Fine Arts

Put together a few attorneys sharing a passion for the arts and a local university that fosters artistic talent, throw in some creative thinking and readiness to provide support, and you’ll get Off-Center, a collective launched by a committee of local lawyers and educators in concert with University of California-Irvine’s art department.

Law Firms Add Attorneys After Two Years of Cuts

Headcount Up 3.2%; More Make List Due to Growth

The biggest law firms in Orange County grew their workforces in 2014, breaking a two-year streak of cuts in attorney headcount.

New Yorker’s OC Junket Puts Jannard in YouTube Picture

Much of this week’s issue is dedicated to a look back at 2014, which has proved to be a remarkable year in many respects for the community of business in Orange County (see overview, page 1; coverage by industry, pages 5 through 18).

El Sol’s Sunny Mission

Plenty of Business Backers for Santa Ana School’s Focus on Arts, Academics, Dual Immersion

The idea of charter schools was little-known concept in Orange County in 1999, recalls Susan Mas.

Orange County Nonprofit Groups Have Year of Growth

Every Category Is Higher, Including Costs, Clients

More people needed a lift last year, and local donors and charitable organizations responded with more money and more people to offer help.

How South Coast Repertory Works Neighborhoods

NONPROFITS: Program adapts to schools’ needs

She was about 10 years old, a painfully shy girl with huge brown eyes and a mop of shiny brown hair. She had a nice smile—when it could be coaxed to appear.

Caritas Turns Mobile Homes Into Upward Mobility

NONPROFITS: Operates 20 parks in region, three in OC

It could be hard to imagine what it must be like to escape one terrible situation, only to be trapped in a nearly identical situation a short time later.

Sales Up 2.3% at Biggest OC Shopping Centers

RETAIL: 32 biggest combine for $7.3 billion

Taxable sales at the top 32 shopping centers in Orange County grew for the fifth straight year, but at a slower pace, according to this week’s Business Journal list.

Auto Dealers Sales Stay Hot; Near $5B on 6.3% Increase

Fletcher Jones No. 1 Again; Several Dealerships Sold

Orange County’s car culture continues to keep pace with the revved-up national market.

Automakers Ride Strong Sales, Boost Jobs by 3.2%

6 With U.S. Headquarters Here Combine to Employ 2,279

The six automakers with U.S. operations based in Orange County combined to employ 2,279 workers here, 3.2% more than a year earlier, according to this week’s Business Journal list. 

Biggest Employers Churn Out Another Modest Increase

ECONOMY: Top 79 combine for 258,796 jobs, 17% of county’s total

Orange County’s biggest employers grew their combined workforce by 1% in the past year, a modest but steady pace of growth for the fourth straight year.

Banks Post Biggest Jump in Assets Since Predownturn

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.

Biggest Credit Unions Account for Bulk of Growth

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.

Mixed Backdrop as Chipmakers Cut Local Jobs by 2.5%

Biggest Here Combine for 4,735 Positions

The largest chipmakers in Orange County cut jobs in the past year as a major restructuring, Chapter 11 bankruptcy, and two sales stunted growth.

Fastest Growers Keep Pace

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.

Need for Speed

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.

Much Bigger Homebuilder

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.

Cold Heat

Cryoport Gets Goods There Cold, Grows Revenue by Nearly 400%

Cryoport Inc.’s chilly business is fueling red-hot sales growth.

Financial Firms Add Advisers, Cut Total Workforces

Reps Jump 3.4%, Overall Staff Down 5% at Top 23

Orange County’s financial advisory firms combined to deepen the pool of registered advisers here while reducing the size of their overall employment bases.

MBA Programs Combine To Post 11% Decrease

Trend Comes With Economic Recovery

Enrollment in master of business administration programs serving Orange County fell 11% over the past year while the number of graduations was up at some schools.

OC Insurance Brokers Aim for Middle to Offset Corporate Migration

Credit some of Orange County’s biggest insurance brokers with quick adjustments to shifts in California’s corporate landscape.

Rebranding Puts Consulting Firm on Path of Growth

Says Unique Identity Makes It Stand Out From Crowd

Stantec Consulting Services Inc. was able to put its best foot forward when competing for business this year, thanks to a major rebranding effort initiated by its parent, Stantec Inc. in Edmonton, Canada.

Focus on Wireless Networks Looks Like Good Call

Rome & Associates Built On Telecommunications Work

Jeffrey Rome never thought when he got his degree in architecture that he’d spend most of his time designing wireless networks. Now, some 24 years later, 90% of billings at his Jeffrey Rome & Associates Inc. firm come from projects for major telecommunications companies such as AT&T, Crown Castle International Corp. and Verizon.

Architecture Firms’ Billings Up, Jobs About Flat

Combine For 1% Jump To $417 Million Locally

Orange County’s architecture firms combined for a 1.6% increase in local billings, modest growth after last year’s 13% surge.

Engineering Firms’ Revenues Drop After 3-Year Jump

39 Bring in $2.8 Billion In OC-Generated Billings

The top engineering firms with headquarters or significant operations in Orange County ended a three-year streak of gains with a 1.5% drop in local billings during the 12-month period ending June 30.

How Fast Is $18.7 Billion?

$5.5B Gain in 2 Years for 174 Fastest Growers Based in OC

There’s no shortage of numbers available to put some punch into this week’s coverage of the fastest-growing private companies based in Orange County.

Conditions Drove Contractor’s Meteoric Trajectory

Driver Urban’s Revenue Jumped 25,402% to $131.3M

Driver Urban had three things working for it in 2012 when it spun off from a large construction company—it entered the marketplace at the right time, at the right price, and with the right expertise.

Little Big List

$4.3B Revenue Increase Spread Over 13 Largest Fast Growers

Far fewer but much bigger. That’s one way to sum up the biggest of the fastest-growing private companies based in Orange County—13 companies that combined for $16.1 billion in revenue, a 37% jump.

Midmarket Movers

73 Companies Combine for $2.2 Billion in Revenue

The 73 fastest-growing private companies in Orange County with revenues between $10 million and $100 million collectively grew their combined top line by 76.1% over the past two years to $2.2 billion.

Double Time

Companies Under $10M Mark on Revenue Combine for 100% Jump

The fastest-growing companies in Orange County with revenues of less than $10 million combined to nearly double their sales over the past two years to $399 million.

OC Medical Device Makers Rank High for New Hires

Edwards, Endologix Among Big Gainers on Consultant List

Irvine-based medical device makers Edwards Lifesciences Corp. and Endologix Inc. are vastly different when it comes to revenue and profit, but they both rank among the top 10 hirers in the medical technology field over the past five years, according to a recently released report.

10 Biggest Drugmakers Combine for 1% Job Growth

Allergan Leads the Way With 2,400 Local Workers

Irvine-based Allergan Inc. is the runaway leader on the Business Journal’s annual list of drugmakers based in Orange County or with sizable local operations.

Contract Electronics Makers’ Job Count Flat Again

Biggest Here Combine For Workforce of 2,728

Local employment growth has evaded Orange County’s largest contract electronics makers for another year, despite a boost in global sales for the industry.

Private Foundation Giving Up Overall, Down in OC

40 Give $33M Locally Last Year, Down 9.3% From ’12

Private foundations based in Orange County gave $156.2 million overall based on their most recent data compared to $128.7 million a year ago—21.4% higher—but their local giving was down, according to data compiled by the Business Journal.

Corporate Giving Generally Up Fourth Year Running

Foundations, Firms’ Charity Arms Give 3.1% More OC Cash

Total cash giving by 35 corporate foundations and company charitable arms active in Orange County dropped 6.4% from a year ago. But discounting two major, one-time giving efforts in 2012 from the largest giver on that year’s list, Wells Fargo & Co. there was a fractional boost for the year—the fourth straight of positive increases, the Business Journal’s list shows.

OC Cities Post Population Growth, Irvine Up Nearly 5%

Combine for 1% Increase To About 3 Million Residents

Orange County cities continued growing last year, combining for a net 1% increase in population to about 3 million.

Telecoms Drop Employment After 2 Years of Gains

630 Jobs Lost As Verizon, Time Warner Cut Costs

Two cost-cutting moves fueled a significant drop in local employment among Orange County’s largest telecommunications companies in the past year.

HMOs’ Membership Up, PPOs’ Numbers Down 3%

Kaiser Leads HMOs List, Anthem OC’s Biggest PPO

Health maintenance organizations had a year of growth in Orange County.

Dental HMO, PPO Memberships Drop 1% to 2M-Plus

Delta Dental Plans Still At Top of List of 13 Plans

Managed dental care plans saw a slight drop in their Orange County membership during the past year.

Public Relations Firms Combine for 7.5% Jobs Increase

MEDIA: New clients, more social media work drive gain

The biggest public relations firms based in Orange County combined to employ 416 staffers as of July, a 7.5% year-over-year increase.

OC’s Wealthiest

Orange County’s wealthiest person has been putting a fair amount of his fortune back into his business over the past year—but we’re figuring that he’s still likely to have seen a boost to his bottom line of about $1 billion.

No Summer Swoon for Wealthiest

Markets Cooperate as Entries Tally $54B

All the ingredients pointed to another good year for the richest residents of Orange County: an extraordinarily strong run in stocks, continued briskness in the commercial and residential real estate sectors, and some surprising resilience in the bond market.

Best Companies Rise to Top With Closer Look

Annual Survey Delved Deeper With Employers, Workers

The latest batch of Orange County’s best places to work earned the distinction after a heightened research process.

Hotels Get Creative With Modern Looks for Lobbies

Renovations, New Construction Emphasize Open Design

Look to the lobbies of Orange County’s newest and most recently redesigned hotels to see the hospitality industry’s latest generation of interior design on display.

Tenant-Improvement Firms Ride Upturn for 29% Jump

26 Firms Combine for $677 Million in Revenue Last Year

Orange County’s tenant-improvement industry posted its strongest year in more than a decade last year, buoyed by a spate of new construction work in addition to plenty of renovations at existing properties.

Accounting Firms Tally Up 4% in OC Staff Increases

Gains Represent Third Year of Local Staff Jumps

Orange County’s top accounting firms combined to grow their local offices by 4%, continuing a run of employment gains for the third straight year.

Management Consultants Grow OC Workforces 25%

Regulatory Changes, Plus Acquisition Fuel Increase

Orange County’s top management consulting firms grew their local offices by 25% over the past year, the highest rate since a recovery in hiring began in 2011.

Report: Yard House Tabbed For Growth

Yard House USA Inc. is the second-fastest growing restaurant chain in the country, according to Nation’s Restaurant News.

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Fastest-Growing Private Companies Wanted for Annual List

The Business Journal is looking for Orange County-based companies that have seen their yearly sales grow rapidly from mid-2012 to mid-2014 for our annual list of fastest-growing privately held companies.

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Women’s Work: Revenue Growth, New Hires

Female-Owned Businesses Top $3B, 26,000 Jobs

Orange County’s biggest women-owned businesses combined to grow revenue by 7% last year, notching a fourth-straight year of top-line gains for a total of $3.1 billion.

Business Still Warm for Restaurant Chains

DINING: Biggest based here top $14 billion in sales

Orange County’s 30 largest restaurant chains grew sales 3.4% to surpass $14 billion in systemwide sales last year, reflecting an industry trend of modest overall improvements as the economic recovery continues.

Private Companies Plow Ahead

Biggest Here Notch 7% Revenue Gain to $71B

Orange County’s biggest private companies got bigger in a continued run of revenue and employment gains.

Biggest Here Notch 7% Revenue Gain to $71B

Private Companies Plow Ahead

Orange County’s biggest private companies got bigger in a continued run of revenue and employment gains.

Developers Exceed Post- Recession Mark for First Time

Six Firms Finish 1.6M SF, More Than Double Last Year

The opening of new headquarters for two of Orange County’s better-known companies helped the area’s commercial development sector top a square footage mark not seen in six years.

Backlogs Yet to Boost Construction Firms’ Top Lines

Revenue of 27 Biggest Decreases About 11%

A significant increase in the backlogs of Orange County’s largest commercial construction companies didn’t immediately translate into more work for them last year.

Versant Leads 60% Jump in Local VC Investments

Field’s OC Deals Would Have Dropped Without It

Orange County’s top venture capital firms combined to invest $79 million in local companies last year, a 60% increase from a year earlier.

Apparel Makers Grow Sales, Local Workforce Flat

Largest Based Here Bring In About $9B in Revenue

The 49 largest apparel companies based in Orange County raked in roughly $9 billion in sales, a 9.2% increase from a year ago, according to this week’s Business Journal list. 

Hotel Construction, Remodeling in High Gear

Industry Employment, Though, Essentially Flat

Dirt’s turning at a rapid clip for Orange County’s hotel landscape, and there may be no other local company that reflects that activity more than R.D. Olson Construction.

3-Year Streak of Gains Ends for Employment Agencies Here

SERVICES: Select Staffing’s 7 OC offices combine for top spot

Orange County’s largest employment agencies collectively had $815 million in local revenue last year, a slight dip that broke a three-year streak of gains.

Another Shift for OC 50

Newcomers Reflect Growth of Services

Call it 10%—that’s about the turnover rate for this year’s OC 50, the Business Journal’s annual inventory of influence.

Biggest SBA Lenders Notch 14% Increase in OC

Combine for $152.6M in Larger Pool of 265 Loans

The pace of small-business lending in Orange County jumped over the past year, according to this week’s Business Journal lists based on information from the U.S. Small Business Administration.

Software Makers Continue Streak of Job Gains

Add 223 Local Positions for Biggest Jump in 3 Years

Orange County’s largest software makers added 223 jobs in the past year, up 2.8% from a year ago.

Computer Products Makers Increase Local Employment

4.7% Jump Reverses Loss; 5 Add, 8 Cut, 2 Flat

The largest computer products makers in Orange County posted strong employment gains during the past year as local acquisitions helped fuel growth.

Aerospace, Defense Contractors Back to Even on Jobs Here

Reverse Employment Dip, Adding 147 Local Jobs

Employment at Orange County’s largest aerospace and defense contractors was about flat over the past 12 months, an improvement from slight job loss last year.

Ad Agencies’ Revenues Up 5.7% on Client Spending

Top Agency With $57.9M, Jobs Up 4.4% to 1,713

Orange County’s advertising agencies posted an estimated 5.7% gain in revenue last year as clients opened their wallets on marketing budgets.

Commercial Printers Grow Revenue 4% to $558.7M

Top of List Little Changed, Mergers in Bottom Half

Orange County-based commercial printers brought in $558.7 million in revenue last year, a 3.9% increase over 2012, according to this week’s Business Journal list.

Top Public Cos. Total $134B on 18.7% Gain in Market Cap

ECONOMY: Allergan No. 1 again; Western Digital adds $9.6B

Orange County’s largest publicly traded companies combined for a cool $20 billion boost to their market valuations over the past year, thanks to strong gains by Allergan Inc. and Western Digital Corp., the largest representatives of the local healthcare and technology sectors.

Big-Dollar Sales Drove Brokerage Gains Last Year

About $18B In Sales, Leases Result In Nearly 14% Jump

Orange County’s largest commercial brokerages continued to benefit from investor interest in local properties in 2013, and to a lesser extent, tenant demand.

Property Managers Build Portfolios in Brisk Market

Two Dominate, Group Combines for 8.7% Jump

A flurry of large office purchases by institutional investors, a smattering of development, and new out-of-town accounts helped boost the bottom lines of Orange County’s largest commercial property managers last year.

Billings Down, Jobs Up for Environmental Consultants

More Work Across County Line for Biggest Offices Here

The largest environmental consultants with offices in Orange County collectively billed $594 million in 2013, a 2.7% drop from a year earlier.

Title Insurers Turn to Buys As Refinancings Dry Up

Interest Rate Hikes Bring 13% Decline in Business

Business for Orange County’s largest title insurers took a step back in 2013 as rising interest rates brought about a steep drop in refinance work during the second half of the year.

Top Minority-Owned Businesses Reach $12.8B in Revenue

ECONOMY: 5.5% increase in sales; 2.2% gain on OC jobs

The biggest minority-owned businesses based in Orange County combined for $12.8 billion in revenue last year, a 5.5% increase from a year earlier.

Homebuilders Post 90% Jump, Most Sales Since ’04

Orange County homebuilders last year posted their best year for sales since 2004, buoyed by the opening of several masterplanned communities, as well as continued strong sales on the Irvine Ranch. Includes the 2014 OC's LARGEST HOMEBUILDERS list for download (pdf)

Hospitals Have Mixed Year as Profits for Some Dip

Profits of 30 Biggest Drop 7%, Revenue Up

Orange County’s largest hospitals posted mixed results on the profit side over the past year or so. Includes the 2014 OC's HOSPITALS list for download (pdf)

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Bank Deposits Rise Sharply After 3 Slow-Growth Years

Majority of Banks With OC Presence Post Gains

Commercial banks in Orange County grew local deposits by nearly 8% last year after three straight years of gains averaging 2.6% a year.

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Foreign-Owned Companies Top Overall Picture on Hires

ECONOMY: 5% increase to more than 30,000 workers here

The foreign-owned companies with operations in Orange County combined to employ 30,042 workers here in 2013, up 5% from a year earlier. Includes the 2014 OC's LARGEST FOREIGN-OWNED COMPANIES list for download (pdf)

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Firms Continue Attorney Cutbacks, Combine for 2% Dip

30 of Largest Firms Trim Their Orange County Ranks

Orange County’s largest law firms trimmed their workforces last year, marking the second straight year of modest cuts in the number of lawyers here. Includes the 2014 OC's LARGEST LAW FIRMS list for download (pdf)

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Hoteliers, Meeting Venues Regain Advantage in Upturn

Hold More Leverage in Negotiations on Rates

The outlook for the hotel and meetings business continues to shine bright into the new year. Includes the 2014 OC's HOTEL MEETING ROOM SPACE list for download (pdf)

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OC Retail Up Again, Offers New Mix for Holidays

RETAIL: 4th-straight year of growth among biggest here

Orange County’s largest shopping centers have this going for them as the holiday outlook at a lot of mall-based retailers gets shaky: They already have a fourth-straight year of growth under their belts, according to this week’s Business Journal list. Includes the 2013 OC's LARGEST SHOPPING CENTERS list for download (pdf)

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Fisker’s Full Circle Brings 12% Jobs Dip at Automakers

Other Brands Still Account for Nearly 3,000 Jobs Here

Anaheim-based Fisker Automotive Inc. led a 5.8% gain in worker counts among local automakers last year as hopes remained high for its hybrid luxury sports car. Includes the 2013 OC's LARGEST AUTOMAKERS list for download (pdf)

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Auto Dealers Pick Up Pace, Extend Streak on Sales

Top Franchises in Orange County Combine for $4.3B

The top 34 franchised car dealers in Orange County reported more than $4.3 billion in sales last year, an 11.7% increase that marked the third annual gain in the wake of the recession. Includes the 2013 OC's LARGEST AUTO DEALERS list for download (pdf)

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Nonprofit Organizations Grow Along With Economy

Combine for 9% revenue jump and 6% employment increase

Orange County’s largest nonprofit organizations grew over a recent 12-month stretch as they combined to increase revenue by 9% to roughly $2.2 billion. Includes the 2013 OC's LARGEST NONPROFITS list for download (pdf)

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Home Cooking on New Hires

ECONOMY: OC-based firms fuel gain by biggest employers

Orange County’s largest employers combined to add 3,562 new hires over the past year, continuing a string of modest job gains in recent years. Includes the 2013 OC's LARGEST EMPLOYERS list for download (pdf)

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Chipmakers End Streak With Slight Dip to 4,800 Jobs Here

Softer Demand, BK in Mix; 2 Newcomers Make List

Orange County’s largest chipmakers combined for a slight drop in jobs over the last 12 months as the local industry was hit by restructurings, a bankruptcy and generally soft demand. Includes the 2013 OC's LARGEST CHIPMAKERS list for download (pdf)

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Local Banks Notch Third Year of Asset, Profit Growth

Opus Again Tops, With $3.2B in Assets, Up 29%

The largest Orange County-based banks picked up the pace of growing their assets over the past year. Includes the 2013 OC's LARGEST OC-BASED COMMERCIAL BANKS list for download (pdf)

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Credit Unions’ Growth Is More Evenly Spread

SchoolsFirst Federal’s Role Diminishes As Others Rise

Growth was visible on several fronts for Orange County’s credit unions over the past year. Includes the 2013 OC's LARGEST CREDIT UNIONS list for download (pdf)

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New Pace for Fast Growers

3 Categories Combine for $90B in Revenue, 24.3% Growth Rate

The fastest-growing public companies in Orange County followed divergent paths over the past year. Includes the 2013 OC's FASTEST-GROWING PUBLIC COs list for download (pdf)

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Financial Firms Shed Advisers After Three-Year Gain

Firm Rankings Stay About the Same

The number of registered representatives at the largest financial advisory firms in Orange County declined by 4% over the past year

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MBA Programs End Streak of Enrollment Declines

Programs Inch Up In Number From Year Earlier

Enrollment in master of business administration programs serving Orange County is up by nearly 1%. Includes the 2013 OC's DIRECTORY OF MBA SCHOOLS list for download (pdf)

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Insurance Brokers Continue Revenue Gains With 7% Hike

Just Three Had Declines, Jobs Add Up to 2,059

Orange County’s top insurance brokers continued to see stronger business last year. Includes the 2013 OC's TOP INSURANCE BROKERS list for download (pdf)

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Architecture Firms Boost Billings by 13% In Recovery

35 Combine for 2% Employment Increase to 2,226 Positions

Orange County’s architecture firms rode the momentum of strengthening business opportunities through the past year. Includes the 2013 OC's LARGEST ARCHITECTURAL FIRMS list for download (pdf)

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Engineering Firms Post Modest Gain on Local Billings

Good Year Is Industry’s Third in a Row After Declines

Orange County’s largest engineering firms saw increased business for a third year in a row. Includes the 2013 OC's LARGEST ENGINEERING FIRMS list for download (pdf)

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Highest Marks for Fastest Growers

ECONOMY: Tops on total revenue, number of companies

Orange County’s fastest-growing private companies combined for an average increase of 40% on sales. Includes the 2013 OC's FASTEST GROWING PRIVATE COs list for download (pdf)

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Medical Device Makers Face Tougher Time in Europe

More Transparency, But Small Ones Could Spend More

Medical device makers are on the verge of facing a more challenging regulatory environment.

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Biggest Local Drug Makers’ About Steady on Jobs Here

Most Flat; Allergan Takes No. 1 Spot Again

Perennial No. 1 Allergan Inc. once again topped the Business Journal’s annual list of drug makers based in Orange County. Includes the 2013 OC's LARGEST DRUG MAKERS list for download (pdf)

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Private Foundations Give More for First Time in Years

Assets Decline Over Same Period of Time

Orange County’s largest private foundations combined to increase their charitable giving

Corporate Foundations Show Big Gain in Contributions

20% Jump Follows Slow Growth, Decline

The largest corporate foundations in Orange County combined for $821.4 million in charitable giving during their most recently reported fiscal years

OC Cities Add Hires to Reverse Trends of Recession

GOVERNMENT: Combine for 13,916 on payrolls

Orange County’s cities grew modestly last year. Gains were seen on several fronts—population, general fund revenues and city employees. Includes the 2013 OC's LARGEST CITIES list for download (pdf)