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

Summit Picks Brains About Healthcare Accelerators

Institute Hosts Event On Helping Efforts Succeed

The La Palma-based Innovation Institute, a provider of business services and products and investment management services to health systems, is taking a broad role in championing its cause.

Vizio Ad Works Against the Curve of Competitors

Spot Takes Aim at Curved TVs, Their Drawbacks

Vizio Inc. is taking a stab at its competitors’ curved TV sets with a new ad for “anti-curved glasses.”

Pimco’s ‘Fade’; Oakley’s Got Games; ‘Musco Match’

Anyone else take note of some particularly colorful words that turned up in a story about Pimco in the Dec. 15 issue of the Wall Street Journal?

Canadian Buyer for San Clemente SUP Maker

SPORTS: Founder keeps stake, gets support for expansion

Kayak Distribution Inc. has acquired San Clemente-based paddleboard company Corran SUP in a bid to complement its outdoor-adventure offerings with a product for a growth segment of the market.

Charity’s Local Office Wraps Shoeboxes Full of Joy

NONPROFITS: At Operation Christmas Child’s Western hub

Nearly a million Christmas stories are just beginning from a run-of-the-mill warehouse in Huntington Beach.

Report Puts Apria On Sales Block

Lake Forest-based Apria Healthcare Group Inc. is up for sale, according to an industry website.

2015 Preview: REAL ESTATE

Speculative development isn’t a dirty word anymore for area commercial real estate developers.

2015 Preview: FINANCE

Local financial industry professionals are banking on an improving U.S. economy that could feed business growth here.

2015 Preview: TECHNOLOGY

2015 holds the potential for some game changers in Orange County’s diverse technological landscape.

2015 Preview: HOSPITALITY

Local hotels had steady increases in occupancies and room rates this year, reflecting national upward trends as the industry continued to climb out of post-recession declines.

2015 Preview: HEALTHCARE

Orange County’s healthcare sector marks the beginning of a new era in 2015—one that no longer features Allergan Inc. as a locally based company.

2015 Preview: Restaurants

The first two words we offered in last year’s preview of the OC restaurant business were “fast-casual.”

PHILANTHROPY

Goodwill of Orange County held its inaugural gala on Nov. 15 at the Laguna Cliffs Marriott in Dana Point.

Maseeh in Middle; Plenty of Ties to Presidential Timber

What does St. Margaret’s Episcopal School have in common with UCI, USC, MIT and Portland State University?

Lincoln Properties Buys Biggest Office in Los Al

REAL ESTATE: 2 buildings, 150,000 SF on 10 acres

The local office of Dallas-based Lincoln Properties Corp. has bought the largest office property in Los Alamitos.

Wahoo’s Lam Hits CES to Help Tout Startup Eco App

TECHNOLOGY: Works show floor for Aliso Viejo company

Wahoo’s Fish Taco cofounder Wing Lam helped Aliso Viejo-based startup My Open Road Corp. grab some industry attention at the recent International CES convention in Las Vegas.

LB Energy Drink Now Amway Product

FOOD: Buys XS Energy to draw young entrepreneurs

A Laguna Beach-based energy drink maker with $150 million in sales was sold Jan. 9 to Ada, Mich.-based Amway Corp., its exclusive distributor, the two companies said.

St. Joseph Hoag, Irvine Company Extend Partnership

HEALTHCARE: 2nd edition of concept at Jamboree Center

St. Joseph Hoag Health has laid another building block for the integrated regional care delivery it is establishing in Orange County.

La Palma Hospital Switches to Nonprofit Status

Ontario-based Prime Health Services said it donated La Palma Intercommunity Hospital to the Prime Healthcare Foundation.

UCI Medical Center Head to Retire

UC Irvine Medical Center Chief Executive Terry Belmont said he plans to retire from his post on June 30.

Plaza Bank to Buy Bank of Manhattan

Irvine-based Plaza Bank agreed to acquire Bank of Manhattan in El Segundo in a deal valued at about $52 million.

Incipio in Deal With Snowboard Firm

Incipio Technologies Inc. in Irvine said it signed a multiyear licensing deal with Burton Snowboards to manage the manufacturing and distribution of accessories for various mobile devices for the Burlington, Vt.-based company.

Wanted: Best Places to Work for OCBJ’s List

CALL FOR ENTRIES: Website set to take entries until March 20

Is your workplace great?

ADDENDUM

Other items of interest Orange County Business Journal Vol. 38, No. 3

Other items of interest Orange County Business Journal Vol. 38, No. 3

2014 Sales End on Satisfying Note, 2015 Starts Strong

17 $4M-and-Up Homes Sell in Month on OC Coast

Seventeen homes in coastal Orange County closed for $4 million or more between Dec. 1 and the week ending Jan. 8, according to public records and the Redfin website.

Edwards Reaches to Roots for Engineer Training

U. of Oregon Partnership Helps Teach Engineers

Irvine-based Edwards Lifesciences Corp., maker of replacement heart valves and other cardiovascular devices, is working with the Oregon Health & Science University in Portland, Ore., on a technical training program.

Apparel Brands Unveil 2015 Marketing Agendas

2 Silos for Element as Women’s Line Grows

Several Orange County apparel brands in attendance at the Agenda trade show in Long Beach this month shared news from their marketing departments:

OCBJ Calendar

Jan. 19-28, Feb. 4, 2015

This week's business and other event listings.

Retail Market Benefits From Improving Economy

The Orange County retail market continued to improve in the third quarter as demand increased.

TVs Scarce at CES as Other Products Take Spotlight

No Toshiba Tube Launch, Vizio Doesn’t Even Show

Two notable trends at this year’s International CES convention in Las Vegas may provide a glimpse into the quickly changing habits and demands of consumers.

Times’ Former Parent Seeks Partners on Costa Mesa Plant

21-Acre Site Now Unused, Redevelopment Planned

Development activity could move ahead this year at a former Los Angeles Times printing plant in Costa Mesa that’s long been a source of speculation of a potential sale or redevelopment, according to its owner.

Real Estate Deals

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

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

Q&A

The Business Journal’s Jane Yu asked local law firms whether the pace of associate hires has picked up in recent years after a long slowdown hiring in the industry following the recession. Yu also asked attorneys how they’re grooming young talent for their firms’ future leadership. Here are edited excerpts of their responses:

Legal Pros Focus on Fine Arts, Plan UCI Collaboration

Attorneys Work With UCI Program to Boost Fine Arts

Put together a few attorneys sharing a passion for the arts and a local university that fosters artistic talent, throw in some creative thinking and readiness to provide support, and you’ll get Off-Center, a collective launched by a committee of local lawyers and educators in concert with University of California-Irvine’s art department.

Law Firms Add Attorneys After Two Years of Cuts

Headcount Up 3.2%; More Make List Due to Growth

The biggest law firms in Orange County grew their workforces in 2014, breaking a two-year streak of cuts in attorney headcount.

Hyden's Other Marathon

Latham & Watkins Partner Finished Boston Just in Time for Allergan Saga

Cary Hyden used to think a marathon covered 26 miles, 270 yards.

Allergan Execs Hold Own at Operations Level

An early look at Actavis PLC’s plans to integrate its $68 billion acquisition of Allergan Inc. signals that operations executives from the Irvine-based drugmaker will maintain a strong presence in the combined company.