OCBJ WEEKLY EDITION
Device Maker Seeks FDA Approval, Builds US Sales Force
AcuFocus Inc. is banking on a recent cash infusion and a tiny device implanted in the eye to spur big growth.
REAL ESTATE: Sales of 4 buildings will lead to new OC jobs
The first batch of for-sale industrial buildings built at Panattoni Development Co.’s Anaheim Concourse project has been snapped up by a pair of out-of-town manufacturers expanding into Orange County.
Some 150 Incipio Technologies Inc. employees huddled in the company’s lunchroom last week to watch Apple Inc. announce its newest iPhone models, taking notes and comparing them to what was already leaked online.
Chan, Brother Head Foundation That Gave $350M to Harvard Last Week
You won’t find mention of Orange County in the ongoing talk of the biggest single donation in Harvard University’s history.
St. Joseph Hoag Sets Up at Irvine Company Complex
St. Joseph Hoag Health’s latest building block for the integrated regional care delivery it aims to establish throughout Orange County is the cornerstone of the Irvine Company’s newest idea to bolster the amenities at a couple of its bigger apartment complexes.
34 Companies Employed 16,000+ in Orange County
The 34 largest medical device makers in Orange County experienced 2% job growth during the 12 months ended in August, according to the Business Journal’s annual list.
Edwards, Endologix Among Big Gainers on Consultant List
Irvine-based medical device makers Edwards Lifesciences Corp. and Endologix Inc. are vastly different when it comes to revenue and profit, but they both rank among the top 10 hirers in the medical technology field over the past five years, according to a recently released report.
Allergan Leads the Way With 2,400 Local Workers
Irvine-based Allergan Inc. is the runaway leader on the Business Journal’s annual list of drugmakers based in Orange County or with sizable local operations.
Multiple sources tell the Insider that the Oakland Raiders have recently looked past downtown L.A. and the City of Industry to entertain the possibility of a move to the Great Park.
REAL ESTATE: Menlo gets Pacific Dental HQ on Red Hill
The recently redeveloped Red Hill Avenue building that holds the headquarters of dental-practice manager Pacific Dental Services Inc. in Irvine has been sold to a Silicon Valley-based real estate investor.
MEDIA: In deal for distribution rights; hits road for film festivals
A movie production company based at Chapman University has produced its first full-length feature film and plans to make three more in the next 12 months in an effort to provide profit for investors and proverbial real-world experience for film school alumni and current students.
Aristotle Capital Management LLC is doubling its office size in Orange County with a move from Irvine to Newport Beach.
RETAIL: Food court redo, new kids’ features staples of strategy
The Shops at Mission Viejo has set out to strengthen its appeal as a family-oriented option in a retail market that ranges from high-end South Coast Plaza and Fashion Island to the downtown feel and nighttime draw of the Irvine Spectrum.
SPORTS: Track’s revamp pays off in changed field
Chalk up another win for Los Alamitos Race Course in its efforts to become a permanent home for a bigger take of Southern California’s nomadic thoroughbred circuit since the December closure of 75-year-old Betfair Hollywood Park.
AGRICULTURE: Venture has plenty of room to grow
How does 16 acres of produce grow in a 5,800-square-foot hall?
Aliso Viejo-based Microsemi Corp. announced an agreement to purchase Santa Rosa chipmaker Centellax Inc., which makes high-speed and RF chips and related components for the optical communications and Ethernet data markets.
Aliso Viejo-based software maker Telogis Inc. secured a strategic investment from a Detroit venture capitalist firm co-founded by William Clay Ford Jr., the executive chairman of Ford Motor Co. and the son of the owner of the Detroit Lions.
A Laguna Beach startup that specializes in virtual reality content has raised $5 million from private investors and entered a partnership with Oculus VR Inc. and Samsung in one of the latest developments to hit technology’s hottest emerging consumer segment.
Laguna Hills-based Sonendo Inc. said it completed a $35 million round of equity financing.
The University of California-Irvine Paul Merage School of Business ranked No. 39 in the country for the best undergraduate business programs, according to U.S. News and World Report.
The Cystinosis Research Foundation awarded more than $1.5 million to eight research programs in California, Texas, Belgium, New Zealand, India, Switzerland, Italy and France to enable scientists to investigate improved treatments and a cure for cystinosis, a rare metabolic genetic disease that affects about 500 children and young adults in the United States and 2,000 worldwide.
Other items of interest Orange County Business Journal Vol. 37, No. 37
Costa Mesa-based Pacific Mercantile Bancorp promoted Robert Sjogren to chief operating officer. He will continue serving as general counsel. Sjorgen previously served as chief risk officer and general counsel of Carpenter & Co., an Irvine-based bank advisory firm. Pacific Mercantile is the parent company of Pacific Mercantile Bank, which is among the largest banks with headquarters in Orange County, with about $1 billion in assets as of June 30.
Sept. 15-24, 2014
This week's business and other event listings.
Also Creates Nationwide ‘Commercialization Team’
Irvine-based Biolase Inc. is making moves to build its executive and commercialization teams.
49er’s Touchdowns Earn Sets for Charities
Vizio Inc. has kicked off the football season with a weekly TV set giveaway that also benefits Boys & Girls Clubs of America.
SecureAuth Gets $10M In New Venture Round
Irvine-based security software maker SecureAuth Corp. is on a hiring spree after securing another $10 million in venture funding.
Sales and leases of offices, industrial buildings, retail space and apartments
A group of investors sold the Villa de Hacienda multifamily community in Tustin to a private trust for $16.5 million.
The Greater Airport Area continued to be the most active submarket in the county in the second quarter, accounting for approximately 733,000 square feet of the county’s net absorption.
$25M Deal Follows $80M Office Purchase in City
Houston-based Hines Interests LP has completed the purchase of land in Brea just off the Orange (57) Freeway where an office complex it recently bought is located.
NB, London Flagships for $200M Brand
Wende Zommir worked her way up from an Elizabeth Arden makeup counter in Texas to cofounding Urban Decay Cosmetics LLC, L’Oréal SA luxury division’s No. 2 brand—second in sales growth only to Lancôme.
Demographics Dictate Expansions at Several Colleges
A number of Orange County colleges and universities have invested in new health science campuses and programs to tap into trends that include an aging population and changes in the healthcare industry.
HEALTHCARE: Santa Ana, Delaware cases scheduled, wrangling continues
That was no end-of-summer lull.
MANUFACTURING: Shares near all-time high despite soft aerospace
Shares of Kaiser Aluminum Corp. are nearing their prerecession heyday, thanks in part to small-but-growing sales in the automotive sector that have helped the Foothill Ranch-based company power through a stall in its aerospace business.
Biggest Here Combine For Workforce of 2,728
Local employment growth has evaded Orange County’s largest contract electronics makers for another year, despite a boost in global sales for the industry.
Older Firms Programmed Play for Today’s Innovators
Orange County’s influence in the video game industry traces back decades, from trailblazing studios in the early 1980s to today’s innovators of virtual reality.
Producer Waited 10+ Years To Get Money for Follow-Up
It’s taken Brian Fargo more than a decade to get the band back together for a follow-up release to the smash hit “Wasteland.”
Sept. 8-17, 2014
This week's business and other event listings.