OCBJ WEEKLY EDITION
‘Outdoor Living’ Leads Sports Gear Maker to Fountain Valley
A big chunk of the operations of the newly organized and renamed United Sports Brands will move into a 134,000-square-foot shop in Fountain Valley in December—just in time to remind employees who will be relocating from the Midwest of a key reason for the move.
OC-Based Public Companies Take Share of Licks, Carry On
Orange County’s diverse crop of publicly traded companies held up relatively well as worries about China’s economy whipsawed the stock market here and in other markets around the world.
HOSPITALITY: 4-diamond entry expected for GardenWalk area
A 2.8-acre parcel near Anaheim GardenWalk is in line for a 466-room, 12-story JW Marriott hotel, according to documents filed with the city of Anaheim.
REAL ESTATE: Could add 300,000 SF, 15 stories on Katella
The owner of Stadium Towers Plaza, a 12-story office next to Angel Stadium of Anaheim, is in the early stages of planning to double down on the same site.
Much of Play Devoted To Blizzard’s Game Fare
Irvine-based Blizzard Entertainment Inc. and Kingston Technology Inc. in Fountain Valley are at the forefront of one of the hottest trends in the technology industry that’s attracting stadium-size crowds to venues across the globe and millions of online viewers.
Players Do What They Love for Big Cash, Fame
Sean Gares is getting ready to leave his Tustin apartment to catch a 2 p.m. flight out of LAX to Germany.
18 Biggest Companies Add Just Nine Employees
Employment at the county’s largest contract electronics makers was flat over the past 12 months, despite steady sales growth in the industry worldwide.
A key number overlooked in last week’s initial blast of publicity on the $68 million makeover of the central plaza at the Segerstrom Center for the Arts: 100,000.
RETAIL: Santa Ana center 1 of 5 said to be in $1.1 billion deal
Sydney-based Westfield Corp. is expected to sell a majority stake in Westfield MainPlace in Santa Ana to a partnership headed by USAA Real Estate Co. in San Antonio, Texas.
TECHNOLOGY: NCSOFT hires 100 in Aliso Viejo
South Korea-based video gaming giant NCSOFT Corp. is pouring big money into expanding its Aliso Viejo operations in a global effort to bring a roster of popular role-playing fantasy games to the West under a new business model.
SERVICES: Latest deal brings ‘unique skills’ on water work
Irvine-based civil engineering firm VA Consulting Inc. has been acquired by Stantec Inc. on undisclosed terms.
REAL ESTATE: Irvine Company revamps, recasts office complex
Oculus VR Inc. might not count Irvine as its headquarters any more, but the virtual reality headset maker’s influence on Orange County’s technology sector can still be seen in the buildings where its local operations are housed.
ECONOMY: Centerpiece of Sept. 21 Special Report
Is your company growing fast?
Western Digital Corp. eliminated 81 positions from its Irvine headquarters in its second round of layoffs in the past three months.
San Clemente-based ReShape Medical Inc. received a $38 million round of financing.
Concordia University-Irvine said a trade publication for higher education listed the school as one of the fastest-growing private nonprofit universities nationally as a result of a 132% increase in students over 10 years starting in 2003 to about 4,050.
Other items of interest Orange County Business Journal Vol. 38, No. 35
Chapman University has put off a plan to expand its campus by 17 acres and add about 3,000 students, according to the Orange County Register.
Sales Expected Steady As Appreciation Continues
Luxury home sales in Orange County have been strong so far this year.
Aug. 31-Sept. 9 and Sept. 24, 2015
This week's business and other event listings.
Frantz Settles In, Focuses On Clients, Employees
Quality Systems Inc. Chief Executive Rusty Frantz is starting to “settle into my new role here” after replacing longtime leader Steven Plochocki in July.
Designer Eschews Smart Phones for Larger Screens
DeskSite, an Irvine-based digital media company that develops app-based video entertainment portals, is thinking bigger than a smartphone with a deal it recently signed with the LA Galaxy soccer team.
Cie Digital Aims For Up To 4 Launches Per Year
Cie Digital Labs’ recent move from Long Beach to Irvine could boost OC’s developing ecosystem of incubators, a mix of real-estate-driven plays, public and private partnerships, and co-working spaces.
Sales and leases of offices, industrial buildings, retail space and apartments
The Central and North Orange County office submarkets have traditionally trailed the Greater Airport Area and South Orange County office submarkets in terms of vacancy, average asking lease rates, and space absorption, and 2015 has been no different.
Aims For 10-Year Leaseback of Western Hub
Volt Information Sciences Inc., a New York-based provider of staffing services, has put its Orange office campus on the market.
Deloitte, Dell Sign On to La Palma-Based Consortium
The La Palma-based Innovation Institute LLC continues to rack up partners in its second year of existence.
MARKETING: Biggest here add duties, combine for 12% hike in jobs
The 40 biggest public relations firms based in Orange County are doing more with more—additional services, bigger budgets, new hires.
APPAREL: Plans move from downtown LA to Cypress
Speedo USA is moving its headquarters from downtown Los Angeles to Cypress.
REAL ESTATE: Prudential affiliate gets 202,000 square feet near JWA
A 10-story office building in Newport Beach is the latest property to get snapped up by institutional investors bullish on Orange County’s improving economy.
Various Alternatives Can Riff Off Local Hotels
Corporate meetings are commonly held at hotels and resorts, but independent OC event spaces with no formal ties to hotels have opened this year or increased efforts to offer a change of scenery for out-of-town guests or to tap local businesses that aren’t looking for an overnight stay.
Orange County hotels and resorts this year have followed technological trends in the industry to enhance meetings and conventions offerings.
Orange County hotels and resorts this year have followed technological trends in the industry to enhance meetings and conventions offerings. Wider hospitality choices are aimed at better operations and the experience guests have when staying at a property—from moving operations to the cloud and internal apps that bring employees to where they’re needed. The “Internet of Things,” encourages guests to post live videos or “selfies” to their social media accounts, and giving them the ability to text the valet to retrieve their cars. Smartphone technology allows guests to pay bills and open hotel room doors. A recent industry conference guided executives to advise hoteliers to think of themselves in part as technology companies. A hotel in Cupertino—of course—has used robots to deliver items to rooms, and another has tried out the devices to sort luggage. The Business Journal’s Paul Hughes asked local hotels and resorts about technology they’ve added this year in general and specifically for meetings and conventions. Edited excerpts of their responses follow:
Visit Anaheim, Convention Center, 3 Hotels Together
Staff from Visit Anaheim, Anaheim Convention Center, and the city’s three biggest hotels within walking distance of the convention halls—Hilton Anaheim, Anaheim Marriott and Sheraton Park Hotel at the Anaheim Resort—have traveled four times in 90 days to bring convention business to the city and have scheduled two more jaunts for the fall.
First of Four-Year Run For ‘Flavor Experience’
Newport Beach Marriott Hotel & Spa drew 500 restaurant and food service company executives in early August to The Flavor Experience conference in the inaugural year of a four-year stint at the property.
This list of conventions, trade and consumer shows, and other happenings includes events scheduled from Aug. 24, 2015, through July 31, 2016.
Not a lot of details offered when Blackstone Group’s deal for a majority of Santa Ana-based Stearns Lending came to light late last week, with initial reports offering no price and the description of founder and Chairman Glenn Stearns’ ongoing stake limited to “significant”(see Addendum item, page 15).
MARKETING: China-based company gets license from CBS
Flat TV designer and marketer Westinghouse Digital LLC has relocated its headquarters from Orange to the eastern edge of Los Angeles County and changed its name, the company confirmed to the Business Journal.
MEDIA: Magazines move south; Grind TV to Santa Ana
A bulk of Ten: Action/Outdoor Group’s staff is leaving Orange County next month.