OCBJ WEEKLY EDITION
REAL ESTATE: Said to seek $200M for 7 buildings near 91
Panattoni Development Co. has put nearly a million square feet of its recently built industrial center in Anaheim on the sales block.
REAL ESTATE: 545,000 SF office takes shape on Jamboree
The largest office development planned for the market around John Wayne Airport in over a decade has moved from a concept to reality.
MARKETING: To craft ads for brewery, Hass Avocado Board
Grupo Gallegos defines itself as a “culturally attuned” ad shop—and its newest accounts support the contention.
MARKETING: Golfsmith, Dave & Buster’s coupons yield data
Looking to take home a Rally Monkey or a Mike Trout bobblehead for your collection of baseball memorabilia?
ECONOMY: Centerpiece of Sept. 19 Special Report
Is your company growing fast?
Six Orange County-based businesses joined the Russell 3000 Index after a revision to its makeup last month.
Newport Beach-based Alliant Insurance Services acquired on undisclosed terms Mesirow Insurance Services, the insurance division of Mesirow Financial in Chicago.
Alliance Entertainment Corp. said it bought the retail music distribution business of Plano, Texas-based Anderson Merchandisers in a deal that would push Alliance revenue above $1 billion. A purchase price wasn’t disclosed.
Anil Puri, dean of Cal State University-Fullerton’s Mihaylo College of Business and Economics, was named interim provost and vice president for academic affairs, effective July 25.
Innovation Institute LLC in La Palma acquired Summit Talent Group, a healthcare industry executive compensation and search firm in Columbia, Md.
Report by Main Investor Lennar Gives Perspective On Aliso Viejo-Based Developer’s Valuation
FivePoint Communities Inc. can safely join the ranks of Orange County’s billion-dollar companies in terms of its valuation.
MARKETING: Links with London, Hong Kong shops for B2B work
BrandingBusiness helps companies in transition develop market strategies—the stories they tell to customers and employees. Now other agencies are taking note of the Irvine-based firm’s own brand proposition and adopting it as their nameplates.
More than 800 leaders of the Orange County legal community celebrated the Public Law Center’s 35 years of helping the county’s poorest and most vulnerable residents at Hotel Irvine on June 20.
STARTUPS: Observers say stronger deal flow needed here
Udi Dorner consulted Wikipedia when he needed a list of venture capital firms in Orange County. The managing partner of Irvine-based startup SetSchedule was looking to raise $3 million in venture funds for a Series A round for the technology and marketing startup that connects real estate agents with homeowners and buyers.
‘Uber’ of Engineers For Virtual, Augmented Needs
A startup that’s capitalizing on the hot trend of virtual reality and augmented reality recently launched a service that provides software engineers who specialize in those areas.
ECONOMY: Brexit, Fed also factors in 3-year low
Orange County business owners have lowered their expectations for growth in the third quarter, a posture that appears likely to continue through the presidential election toward year-end, according to the California State University-Fullerton’s Orange County Business Expectations Survey.
TECHNOLOGY: Citigroup among backers of cybersecurity specialist
One of Orange County’s fastest growing companies is crafting a strategy to claim new ground with a push into the consumer market.
Other items of interest Orange County Business Journal Vol. 39, No. 29
Two reports by University of California-Irvine researchers show most job growth in two decades in Southern California originated outside of central business districts.
Office Buildings, Former Crystal Cathedral Get Treatments
Brutalism, a mid-20th-century architectural style, appears aggressive—even violent—but broke ground when Swiss architect Le Corbusier described the design look he sought: “béton brut” or “raw concrete.”
July 18-27, 2016
This week's business and other event listings.
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.
Caution High Valuation Could Suffer With Slip-Up
Edwards Lifesciences Corp.’s effort to create a “catheterized revolution” in heart valve treatment has landed it new institutional analyst coverage.
Altamont Adds Indie Punk Records to Its Lineup
Lake Forest-based Altamont recently added music producer to its duties as a skate apparel manufacturer—perhaps not a surprise for a label named after a 1960s rock festival.
The high-rise office market in Orange County ended the first quarter with steady demand, resulting in 402,030 square feet of positive net absorption.
Epicor Originally in Irvine, Dell Unit Came From Quest
Two software makers with deep roots in Orange County that helped develop the industry here quietly changed hands in private equity deals.
UST Global Offices Sold By LBA for About $33M
Dallas-based institutional investor Invesco Real Estate has added another big office in Aliso Viejo to its portfolio, its third reported purchase in the city in a little over a year.
Sales and leases of offices, industrial buildings, retail space and apartments
The Law Office of David C. Stone signed a three-year lease extension at 300 S. Harbor Blvd. in Anaheim.
The Orange County Forum served up humor, straight talk and useful insights at last week’s Housing Outlook 2016 at the Hilton Irvine, where FivePoint Communities CEO Emile Haddad and Larry Webb, his counterpart at New Home Co., joined the Business Journal’s Richard Reisman for a chat.
Angel Star Endorses Model With Data Sensor
Mike Trout is part of an effort to bring America’s Pastime into the age of data with the game’s first smart bat.
New PHG Fund Aims for Marriott’s Boutique Brand
The same $125 million fund that accounted for Irvine-based Pacific Hospitality Group’s recent commitment to buy the AC Hotel that’s rising in the Park Place mixed-used development, just a short hop from its headquarters, is aimed at adding another handful of the boutique brand properties as they roll out in the next few years.
UC-Irvine Librarian Lorelei Tanji hit upon a point that you’ll regularly find under the Business Journal’s front-page banner during her opening remarks to a crowd of about 300 who gathered at the Beckman Center last week to celebrate the debut of Chuck Martin’s coffee-table tome,
REAL ESTATE: Would-be pioneer seeks engineers here
Elon Musk’s SpaceX has touched down in Irvine.
FINANCE: Some of $14M infusion to pay off TARP
Irvine-based CalWest Bancorp, the holding company for South County Bank N.A., has six new directors and $14 million in new capital as it looks to get back on a growth track.
APPAREL: Cuater seeks new status for belts in men’s fashion
The son of Quicksilver founder Bob McKnight has launched an upscale belt maker targeting wearers of surf apparel.
The newly formed Providence St. Joseph Health said it’s launching a $100 million effort toward improving mental healthcare in communities it serves.
Bravo Sports Corp. in Santa Fe Springs bought Sector 9 in La Jolla on undisclosed terms.
Laguna Beach-based virtual reality content maker NextVR Inc. raised $20 million from CITIC Guoan Information Industry, a state-owned investment firm in China.