Orange County Business Journal

OCBJ WEEKLY EDITION

Preferred Outcome

Marketing Programs Behind Growth of Service Provider for Independent HotelsPreferred Hotel Group’s 1,600-point hotel inspection is intense.

By Kari Hamanaka February 15, 2014 midnight   $$ Share

OC in LA: Woods Foundation, Hyundai Play Riviera

This year’s PGA Tour event at the historic Riviera Country Club in Los Angeles will feature a couple of Orange County entities at the top.

Convention Retention

Tourism Industry Execs Pin Hopes On Long-Awaited Expansion Project

An expansion of the Anaheim Convention Center is scheduled to open this fall, and shows of all sizes are looking at ways of using the enlarged facility, which when the dust clears will offer 25% more exhibit space.

Greenlaw Gets Energy Boost with $120M in Buys

REAL ESTATE: Monster Energy execs said to be part of deals

Irvine-based commercial real estate developer Greenlaw Partners, backed by two local high-net-worth investors, capped off an active year of acquisitions with office buys in Santa Ana and Irvine for nearly $120 million.

Tilly’s Goes Nimble in Face of Stalled Traffic

RETAIL: Maintains store count, hikes focus on events, digital

Tilly’s Inc. plans to withstand challenges vexing the brick-and-mortars nationwide with a 2017 playbook that includes renewed focus on e-commerce as well as a red-carpet rollout for shoppers that do venture into its 225 stores.

Blackberry Revival Plan Runs Through Irvine

TECHNOLOGY: TCL puts brand in hands of unit based in Spectrum

The plan to resurrect the faltering Blackberry smartphone brand in the U.S. and Canada is being crafted in the Irvine Spectrum.

Hueston’s Draw; Julia’s Shine; Chuck’s Birthday

Check our front-page report on the latest joint venture between Hyundai Motor America and the Tiger Woods Foundation—and kindly note that they aren’t the only ones who poke around north of here from time to time …

Shopoff Adds Office Next to Uptown Newport Site

REAL ESTATE: Property flipped for Spectrum purchase

Irvine-based Shopoff Realty Investments wrapped up an active year of investments by buying a midsized office in Newport Beach close to its massive Uptown Newport residential development that it’s preparing to begin construction on.

Laguna Design College Acquires North Campus Parcel

EDUCATION: Space to be used for new illustration major

The Laguna College of Art and Design in Laguna Beach has purchased its North Campus property—a three-acre patch known as “Big Bend”—to accommodate growth.

St. Joe-Hoag Names New Hospital Execs

HEALTHCARE: Network also taps new chief operating officer

Irvine-based St. Joseph Hoag Health announced several executive changes within its network of seven hospitals.

PE Firm Acquires NB Sandals Brand

Courtney Group Inc. in Newport Beach acquired sandal brand Flojos from Conscious Corp. in Thousand Oaks on undisclosed terms.

Pacifica to Run One Hotel, Sells Another

Pacifica Hotels in Irvine will manage the Georgian Hotel in Santa Monica, an 84-room art deco hotel built in 1933 and owned by 4DS Inc.

Medical Device Maker Gets $25 Million

Ivantis Inc. in Irvine closed on a $25 million Series C funding round for development and eventual marketing of a stent intended for use in glaucoma surgery.

RSI Communities Buys Riverside Site

Newport Beach-based homebuilder RSI Communities said it bought a 228-acre site in the Riverside County city of Beaumont, where it plans to build a 981-home development called Olivewood. Terms of the buy were undisclosed.

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ADDENDUM

Other items of interest Orange County Business Journal Vol. 40, No.3

Boeing Co. said it will start another round of engineer buyouts, including at its Southern California operations, and said it will issue layoff notices this month in Washington state, according to news reports.

2016 Capped With Record-Breaking Newport Coast Sale

Off-Water Home Sells For Eye-Popping $28M

Coastal Orange County is renowned for its beauty, from the wide expanse of sand that hugs the ocean in Huntington Beach to the rugged cliffs of North Laguna.

OCBJ Calendar

Jan. 16-25, 2017

This week's business and other event listings.

Digital Marketer Rolls Out Deal With Tire, Car Groups

Rallio Looks to Impact Entire Tire Ecosystem

An Irvine-based digital marketing startup sealed a partnership with the Bowie-Md.-based Tire Industry Association.

Allergan Lowers Outlook, Identifies Growth Markets

Single-Digit Earnings Seen As Generic Comes on Line

Allergan PLC’s Irvine-based eye care and aesthetics and dermatology businesses continue their streak of being top earners despite the company lowering overall earnings expectations for this year to mid-single-digits.

El Pollo Loco Ad Celebrates Its LA-Infused Identity

‘Road to Authenticity’ Highlights City Vibe

The first ad campaign Vitro developed for El Pollo Loco Holdings Inc. in Costa Mesa, “Road to Authenticity,” launched after the holidays with a TV commercial that ties the brand to its Los Angeles roots.

OC Companies Take Advantage of CES Showcase

They See Value as Others Put Resources Elsewhere

With another CES in the books—that’s No. 6 for those following this column—let’s take a closer look at how some OC companies tried to cut through the clutter in Las Vegas at the world’s largest consumer electronics show:

Real Estate Deals

Sales and leases of offices, industrial buildings, retail space and apartments

500 N. Main LLC sold an office building to CCP Holdings Group LLC for $4.9 million, or about $225 per square foot.

Office Rents Near Peak Levels After 8.5% Jump in ‘16

Class B Rents Rise As Cheaper Space Sought

Year-end brokerage statistics show Orange County’s office market is approaching and in some cases exceeding the rental rate highs reached at the top of the last real estate cycle.

Sole Brother

Behind Lake Forest-Based Skate Brand’s Deal With French Rubber Giant

What do Pierre-André Senizergues and the Michelin Man have in common?

Emerald Buys Into Digital Trends to Grow Trade Shows

Tool Box Includes Beacon Technology, Data Analytics

Trade show producer Emerald Expositions LLC, a champion of face-to-face communication, appears to be thriving in the age of digital business models.

Irvine Company Carves 4 Rentals Out for Rare Sales

REAL ESTATE: Fountain Valley, SD sites sell, 2 more planned

The apartment portfolio of Newport Beach-based Irvine Company—the largest owner of rental properties in Orange County and in the state—is slightly smaller after the sale of two Southern California complexes, including one in Fountain Valley.

5.11 Tactical’s Target: Fast Growth at Retail

MARKETING: Irvine-based gear maker seeks locations around U.S.

Irvine-based 5.11 Tactical, an apparel and gear designer outfitting soldiers, firefighters and police officers, has a mission of its own—it plans to grow its 13-store retail lineup at a pace of one or two additions a month this year.

Q&A

The expanding amount of data now available to companies to analyze and sometimes monetize is changing how many do business in big and small ways.

Argyroses Give on Both Sides of Bristol; Happy Birthday Bobby Mac!

It will be tough to find a clearer example of acting locally and thinking globally than the Argyros family will provide this week.

OC Master Planned Projects Add to National Stature

REAL ESTATE: Irvine Ranch No. 1 in U.S.; 4 locals in top 20

Orange County is one of the most supply-constrained markets in the U.S. for new home development, but you wouldn’t know that based on the surge of sales at the region’s four largest sources of new homes last year.

Olen Strikes Record-Setting Lease for Chicago Tower

REAL ESTATE: $400M+ value for law firm skyscraper deal

Olen Properties Corp. has signed its largest and most valuable lease ever while keeping its anchor tenant in place at a skyscraper the Newport Beach-based real estate company owns in Chicago.

Alphaeon’s New Plan: Narrow Focus

HEALTHCARE: Looks to stick with aesthetics

Irvine-based lifestyle healthcare purveyor Alphaeon Corp. has hashed out a plan to narrow its focus on aesthetic medicine.

New President, CFO for Raj Swim

Privately held RAJ Swim in Tustin hired Brenda West as its new president, making her the first person outside of the swimwear maker’s founding family to hold the position.

CM Insurer Joins National Broker

Centennial Group Benefits in Costa Mesa merged with 23 other U.S. insurance brokers to form Alera Group, which is backed by San Francisco private equity firm Genstar Capital LLC.

$1.2M to Symphony to Engage Chinese

The Los Angeles-based James Irvine Foundation awarded a second $1.2 million grant to the Orange County-based Pacific Symphony to support efforts to strengthen its commitment to Orange County’s Chinese-American communities through arts engagement.

UCI Names New Vice Chancellor

University of California-Irvine named Ronald Cortez vice chancellor for administrative and business services, effective Feb. 13.

Wanted: Best Places to Work for OCBJ’s List

CALL FOR ENTRIES: Website set to take entries until March 17

Is your workplace great?