OCBJ WEEKLY EDITION
Environmental Outfit Started By Allergan Founder Wants Global Brand
Scott Wilson says he still suffers from sleepless nights as chief executive of Regenesis, a privately held maker of environmental decontamination products in San Clemente.
New Line Launches in Time to Catch Buzz of Summer Olympics
It’s not your mother’s aqua aerobics, but both of you are welcome to join in.
REAL ESTATE: 130,000-SF lease fills out State Fund building
The California Department of Transportation is moving its local operations from Irvine to Santa Ana after signing one of the largest new office leases reported in Orange County so far this year.
ECONOMY: New unit of SCE parent in search of permanent HQ
Orange County will play a prominent role as the home field of Edison Energy Group, recently established by one of the world’s largest electricity producers as a launch pad of sorts, with specializations in consulting, engineering and solar-energy installations.
REAL ESTATE: Irvine-based investor adds 4,918 units at 15 complexes
Irvine-based apartment investor Bascom Group LLC has made the largest acquisition in its 20-year history, landing a nearly 5,000-unit portfolio of rental properties in and around Las Vegas.
International Fare Draws Clients Wherever He Goes
Chef Azmin Ghahreman, founder and owner of Sapphire Laguna restaurant on Pacific Coast Highway in Laguna Beach, will be spending the next couple of months at patient-monitor maker Masimo Corp., tweaking the new cafeteria-style restaurant he opened at the company’s headquarters in Irvine.
Newer Loan Programs Join Loved Ones’ Help
A.J. Jafrey, founder and owner of Scoops N’ Scoops in Irvine, already had many of the elements needed to operate a franchise. He’d worked in a few franchises that his extended family owns, and he has an entrepreneurial education.
$225M Provided, Up 31%, In 440 Loans, Up 16%
Small-business lending in Orange County continued to grow in recent months, based on this week’s Business Journal ranking.
Last week’s annual OneOC Spirit of Volunteerism Awards luncheon at the Disneyland Hotel added humor, insight and style to the standard heartwarming fare of the nonprofit circuit, giving the crowd of more than 1,000 a mix that felt fresh as it highlighted the extraordinary levels of support the community of business provides nonprofit organizations that serve Orange County …
RESTAURANTS: Total to top 1,200 for family venture
Marwaha Group Inc. in Anaheim bought 500 Subway sandwich shops in six counties in the Houston market.
RESTAURANTS: Mexican specialist adds cheeky brand
A taco-and-tequila specialist with rock ’n’ roll credentials and a spot on the Sunset Strip has joined the ranks of Mexican-themed, casual dining chains run by Cypress-based Real Mex Restaurants Inc.
A couple of big consumer brands based in Irvine were among the top national television advertisers during the National Basketball Association’s 2015-16 regular season.
HEALTHCARE: New exec, overhead cuts for Praxsyn
Irvine-based drug distributor Praxsyn Corp. is reorganizing its operations as it copes with what it calls “a substantial working capital deficit.”
SPECIAL ISSUE: list will be centerpiece of June 20 edition
The Business Journal is preparing its annual list of privately owned companies for publication in June.
New Owner Didn’t See Value Of Growth Technology Sector
Broadcom Ltd.’s operation in Irvine is likely to shed more employees after the chipmaker sold its Internet of Things business last week for $550 million to Cypress Semiconductor Corp. in San Jose.
Irvine-based Quality Systems Inc. will cut 150 jobs, or about 6% of its U.S. workforce, as part of an operational realignment.
The University of California-Irvine School of Law launched a Civil Justice Research Institute to explore how to make the U.S. civil justice system more accessible.
Cypress-based Mitsubishi Motors North America Inc. said the fuel economy data for its 2013 to 2017 models sold in the U.S. is accurate and unaffected by the testing irregularities its Japan-based parent revealed late last month.
Irvine-based Levyx Inc. closed $5.4 million in Series A funding. It develops technology to cut costs associated with applications for big data—amounts of information so large or complex that they overwhelm traditional data-processing applications.
South County is getting more sophisticated on the dining front.
South County is getting more sophisticated on the dining front.
Other items of interest Orange County Business Journal Vol. 39, No.18
Midlothian, Texas-based Ennis Inc. said it plans to sell Alstyle Apparel LLC in Anaheim to the newly formed Alstyle Operations LLC for $76 million in cash and $12 million to cover a 60-month equipment lease.
Make US Listing of Elite Cities, Including Aspen
The Luxury Market Report released April 7 by Coldwell Banker Previews International found that Newport Coast and Laguna Beach experienced big increases last year in sales in the $10 million-plus category.
May 2-11, 2016
This week's business and other event listings.
Aims to Use Proceeds To Pay on Revolving Credit
Irvine-based Sabra Health Care REIT Inc. continues its march toward the denouement of its long-running challenge with a major tenant.
Chain Takes Advantage Of On-Air Banter
Boot Barn Inc. in Irvine recently hired country music star Kelsea Ballerini as the face of women’s apparel brand Shyanne, but the real buzz is coming from its employee who is competing on NBC’s “The Voice.”
’16 Forecast Lowered Due To Glitches, Other Factors
The bumpy rollout of virtual reality headsets has led to some lower sales projections this year as the emerging technology has failed to match the hype in the early going.
Sales and leases of offices, industrial buildings, retail space and apartments
Newport Beach-based developer and operator of hospitality-related assets T2 Development renewed its lease at 2151 S. Dupont Drive in Anaheim on undisclosed terms.
The Orange County retail market had a strong start to the year with improvements recorded in nearly every sector.
Plans Come Amid $34M Buy Near Register
"Big Mike” Harrah doesn’t do small when it comes to development plans in Santa Ana.
No-Water Service Now Looks for Headquarters
A Gardena-based startup providing an on-demand car wash service swept the competition at the Get Started OC business pitch competition on April 20, hosted by Irvine-based Cox Business and New York City-based Inc. magazine.
You might want to think again if you think the situation over at the Register is settled under new owner Digital First Media. DFM is ultimately owned by N.Y.-based hedge fund Alden Global Capital, which gives no signs of a long-term interest in the publishing business.
REAL ESTATE: $30M buy as firm wraps up Tustin project
An Irvine-based commercial real estate firm with a growing investment and development pipeline in Southern California has made its largest-ever acquisition in Orange County, picking up an office park in Anaheim.
TECHNOLOGY: Firm showed phone-breaking tool to top cops
A low-profile company that’s involved in some of the nation’s top forensic investigations is testing a robotic arm to unlock the most common mobile phones used in crimes.
ENERGY: Nonregulated lines focus on resource management
Edison International’s bid for new markets and revenue will be conducted from Irvine.
MANUFACTURING: Sales up as ChromaDex makes deals
Irvine-based ChromaDex Corp. is like a surfer on the cusp of a huge wave. Its surfboard is its lead ingredient, Niagen, and the wave is what’s known as the “geroscience” market, which targets the relationship between aging and age-related disease.
Tight Worker Supply Brings Creative Challenge
Orange County employment agencies had solid revenue gains last year while placing essentially the same number of workers—a sign, they say, of an uptick in demand to find new workers for clients in their bread-and-butter businesses.
University of California-Irvine researchers have invented a unique kind of battery material that they contend can be recharged hundreds of thousands of times.