Bailey to Run 3 VF Brands as Part of Newly Formed Group
Action sports might be the equivalent of a four-letter word for some apparel brands these days as everything from music and street influences encroach on the segment’s traditional territory.
Film Festival in 15th Year; Fuels Economic Activity
The Newport Beach Film Festival kicks off April 24. The event, which is in its 15th year, has attracted film aficionados with its multigenre slate of studio and independent films from emerging and seasoned filmmakers from around the world.
REAL ESTATE: Days of distress over; seller could get $340 PSF
The 2600 Michelson tower in Irvine has hit the sales market, the latest local office property expected to sell for more than $100 million.
HEALTHCARE: Pioneer’s startup to operate here as unit of N.Y. owner
Manufacturing is the key to the vast potential of stem cells.
Put local lawyer John Hueston of Irell & Manella somewhere around the front of the line on Texas-based Anadarko Petroleum Corp.’s recent agreement to pay $5.15 billion to settle claims of 85 years’ worth of environmental damage caused across the U.S. by its Kerr-McGee subsidiary.
MANUFACTURING: Plans to build components in Santa Ana
A Santa Ana-based manufacturer has landed a multimillion-dollar contract to supply key electrical components for specialized radios made by Boeing Co. in Huntington Beach for military search-and-rescue missions.
REAL ESTATE: $4.7M per acre for site entitled for residential
A Phoenix-based apartment investor has paid a reported $24.1 million for a four-building business park in Laguna Niguel that was recently entitled for a multifamily project.
REAL ESTATE: $247,000 per unit for 16-acre complex near 5
The sale of a 360-unit apartment complex in Laguna Hills looks to be the priciest multifamily transaction seen in Orange County so far this year.
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.
Irvine-based Hitachi Solutions America Ltd. bought Customer Effective in South Carolina on undisclosed terms.
A Newport Beach-based software manufacturer won a $26.1 million judgment in an intellectual property dispute with a Michigan company.
The parent of Aliso Viejo-based e-commerce company Rakuten.com Shopping launched a credit card for its U.S. subsidiary.
Fountain Valley-based Hyundai Motor America Inc. said its 2015 model Sonata sedan will feature Apple Inc.’s new in-car system.
AUTOS: Will add office, service space; project required by brand
Good customer service can trump construction noise, traffic, dust and all other nuisances that go along with a $2 million remodel—just ask Infiniti of Mission Viejo’s sales force.
Adventure City amusement park is adding a roller coaster that’s scheduled to open late summer. Rewind Racers, a $2 million coaster, will move both backward and forward. The two-acre park straddles the Stanton and Anaheim city line.
Reporter Jane Yu asked a group of local chief financial officers—among the latest recipients of the Business Journal’s CFO of the Year Awards—how human capital relates to corporate performance and growth. How do companies measure human capital, and how do they assess returns on investment? The CFOs also addressed their plans for human-capital investments. Here are their edited responses.
Search Firms Busy Looking for Harder-to-Find Candidates
Executive search firms in Orange County that specialize in placing finance chiefs are getting stronger demand for their services.
Behind Only SF, Fairfield Co., Conn., San Jose
Almost one out of every four Orange County homesellers is seeking $1 million or more for their properties, according to the quarterly Orange County Real Estate Market Update compiled by Newport Beach-based Surterre Properties Inc. and released March 25.
April 21, 2014
This week's business and other event listings.
Johnny Rockets, Mazda Do ‘Inside Job’ on TNT
Two local companies—Aliso Viejo-based hamburger franchise Johnny Rockets Restaurant Group Inc. and Mazda North American Operations in Irvine—were featured in TNT’s “Inside Job” reality series.
Coating Could Come Off, Lead to Stroke or Death
Covidien PLC’s voluntary recall of more than 600 Orange County-manufactured aneurysm devices will be a slight hit on its top line, according to industry watchers.
Company Says It Did No Wrong, Ponies Up $7.4M
Toshiba Corp. and its North American chip and memory products unit based in Irvine paid $7.4 million as part of a $310 million settlement claim in a class-action lawsuit that alleged price fixing on one of the most common types of memory components.
A family trust sold an apartment complex in Fullerton to Tydajer Enterprises LLC for $4.2 million.
Overall activity in the South Orange County commercial market slowed in the fourth quarter, recording negative net absorption of 82,264 square feet.
First Time Milestone Met Here in Seven Years
The recent $129 million sale of the Griffin Towers office complex in Santa Ana capped off a memorable period for big-dollar office sales in Orange County.
Nascar Deal Part of Apparel Maker’s Race for Growth
5.11 Tactical is in for a wild ride.
Company Leaders Use Skills on Marathon Route
Cary Hyden, chairman of law firm Latham & Watkins LLP’s corporate department, had been working around the clock for 18 days on an initial public offering when he paused to travel to the New Orleans Rock ‘n’ Roll Marathon.
HEALTHCARE: Anaheim company to continue operations as own unit
It appears that the local operations of Questcor Pharmaceuticals Inc. would remain intact in the wake of Mallinckrodt PLC’s $5.6 billion proposed buyout of the Anaheim-based drug maker—the largest deal so far in what’s shaping up to be a busy year for mergers and acquisitions involving Orange County-based companies.
SERVICES: WWII leavings, disasters give it valuable foothold
A little-known Irvine company that played a key role in stabilizing a contaminated nuclear power plant in Japan after the earthquake and tsunami three years ago is hunting for more acquisitions to capitalize on a stream of new opportunities.
MARKETING: More companies seek analysis to pinpoint messages
The advertising world was much simpler in the 1800s, when industry pioneer John Wanamaker famously said, “Half the money I spend on advertising is wasted; the trouble is I don’t know which half.”
The so-called smart money says Jerry Brown is unbeatable
REAL ESTATE: Said close on buys of 2 buildings for 68,500 SF
Allergan Inc. is nearing a deal to buy a pair of office properties across the street from its headquarters in Irvine, according to real estate sources.
SERVICES: Sets engineering, construction base in Irvine
IPS-Integrated Project Services Inc., a multinational engineering and construction firm, is betting on Orange County’s host of medical device and drug makers to stir business opportunities and provide a base for its West Coast expansion.
Recently formed private equity firm Lotus Innovations LLC has raised $10 million for its first fund, which focuses on early-stage information technology companies.
REAL ESTATE: Alphaeon’s plan counts on cash-pay lines
Alphaeon Corp., a startup lifestyle healthcare company that’s gotten notice as a potential candidate for an initial public offering later this year, has signed a deal to move its growing operations to the Lakeshore Towers office complex in Irvine.
FINANCE: Biggest in assets gives details in IPO filing
Add Irvine-based Opus Bank to the list of local landlords, developers, land owners and other companies benefiting from the red-hot apartment market of recent years.
The parent of Irvine-based Advantage Sales & Marketing was looking into a sale of the company in a deal that could range from $3 billion to $4 billion, according to a Reuters report.