OCBJ WEEKLY EDITION
Employees at Best Companies Give Rave Reviews
The businesses featured on this week’s Best Places to Work lists say they commit time and resources to create a productive, enjoyable, and balanced workplace, and according to their employees, their efforts are working.
One Foot in France for Surf Label’s Latest Turnaround Plan
Quiksilver Inc. has emerged from a two-year cost-cutting quest as a global company with a streamlined operational structure that straddles the Atlantic Ocean.
HEALTHCARE: Sees big potential in fellow Irvine-based device maker
Edwards Lifesciences Corp. is taking a familiar path to build up its less-invasive heart valve product offerings.
REAL ESTATE: Blackstone unit to be second biggest landlord here
A division of New York-based Blackstone Group is returning to its position as Orange County’s second largest landlord just as the local market for office space looks to be switching into overdrive.
Bryan Cave’s Irvine Office Cultivates Mutual Regard
Bryan Cave LLP’s Irvine office projects a sense of elegance mingled with calm.
New Home Co. Starts With Foundation of Camaraderie
Joan Marcus-Colvin’s life irrevocably changed on June 17, 2014, when her husband of 27 years, John, was struck by a car and killed while riding his bicycle near their Laguna Beach home while training for an Ironman Triathlon.
Bisnar Chase Cultivates Respect, Appreciation
A plot was brewing at the law office of Bisnar Chase in Newport Beach.
The Business Journal’s Best Places to Work lists are the result of months of surveying workers and managers at local employers.
Word on the street has Lennar getting “funky” with at least one of its several projects at Beacon Park, the next phase of Great Park Neighborhoods.
TECHNOLOGY: Software maker recently consolidated here
Software maker Sage North America is moving its U.S. headquarters from Irvine to Atlanta as part of a global restructuring plan.
SPORTS: Founders to keep control with 57.5% stake in site
Aliso Viejo-based startup FantasyAces LLC plans to merge with a company that’s listed on the Toronto Stock Exchange as it seeks capital for its goal of competing at the top level of one of the hottest areas in the entertainment industry.
Reston, Va.-based International Technology Solutions Inc. will cut 500 jobs in Laguna Niguel by July 31 due to the pending loss of a contract with the federal government, according to a state filing.
HEALTHCARE: Comes as stroke guidelines add device
Life under a new corporate owner has been good for what’s soon to be known as Medtronic Neurovascular in Irvine, its top official says.
SPECIAL ISSUE: List will be centerpiece of June 22 edition
The Business Journal is preparing its annual list of privately owned companies for publication in June.
Stand-up paddle board maker Jimmy Styks LLC in Huntington Beach was acquired by Clearfield, Utah-based Vista Outdoor Inc. in a $40 million, all-cash deal.
The Innovation Institute in La Palma, founded with an investment from Irvine-based St. Joseph Health, said the Franciscan Missionaries of Our Lady Health System has become its fourth member and investor.
Real estate investment company Rich Uncles LLC is planning an initial public offering that could raise as much as $1 billion for its newly created Rich Uncles REIT Inc.
William Lyon Homes promoted Matthew Zaist to the role of co-chief executive officer.
Laguna Niguel-based SCP Auctions was named the official auction and appraisal partner of the Naismith Memorial Basketball Hall of Fame.
The Anaheim Ducks, SASCO Electric Inc., and the Honda Center were among the corporate sponsors of the 19th annual Stars & Stripes fishing, golfing and music tournament.
Other items of interest Orange County Business Journal Vol. 38, No. 30
Attorneys for former students of Santa Ana-based Corinthian Colleges Inc. are asking a court for permission to file a $2.5 billion claim against the bankrupt former operator of for-profit schools, the Wall Street Journal said.
July 27-Aug. 5, 2015
This week's business and other event listings.
Puts Up $311 Million For 18 Senior, Medical Buys
Irvine-based real estate investment trust Griffin-American Healthcare REIT III Inc. recently said it spent $311.3 million on 18 properties in the three months ended June 30.
Features Skaters Doing ‘Real Life’ in Its Duds
Costa Mesa-based Volcom Inc. revamped its collection of men’s denim and is promoting the line’s launch with a marketing campaign.
Went Elsewhere After Backers Show Disapproval
A Newport Beach startup has drawn widespread publicity in tech circles for a Kickstarter campaign to bring the world’s smallest Bluetooth headset to market.
Sales and leases of offices, industrial buildings, retail space and apartments
Unitek Information Systems Inc. and Practical Dental Solutions LLC each signed a lease at 1401 Dove St. in Newport Beach.
High demand for real estate in the Mid-Counties industrial market continued through the second quarter.
Seven-Building Site Lands QVC for 1M-SF Deal
Sares-Regis Group plans to turn one of the last big swaths of empty, developable land in Ontario into a major industrial project.
Trammell Crow Spec Office Project Set to Add 545,000 SF to Airport Area
Trammell Crow Co. has taken the wraps off the first large, speculative office project expected to break ground in the office market around John Wayne Airport in over seven years.
No Skimp in San Clemente: 325,000 SF, 350 Archways for Marblehead Retail
Steven Craig will line up the bargains, but the look and feel of his Outlets at San Clemente Plaza will be anything but cheap.
REAL ESTATE: Lincoln Property expected to pay $68 million
Lincoln Property Co. is buying a large office next to Angel Stadium of Anaheim in the latest sign of an improving office market in Central Orange County.
TECHNOLOGY: Google latest backer for security software maker
Irvine-based security software maker CrowdStrike Inc. aims to embark on an international expansion plan after securing one of the biggest venture capital rounds in Orange County history last week.
Firm Uniquely Emphasizes Office Design, Worker Space
Hyundai Capital America is often identified locally in connection with the large, transparent building next to the San Diego (405) Freeway in Irvine known as The Michelson.
Dollar Value Up 16.2% After 29%, 20% Increases
Orange County’s largest tenant-improvement contractors continued their growth trend last year but slowed in all aspects, including local revenue and number of employees.
You can hardly get through any conversation about business these days without getting an earful on the importance of the Millennial generation in the workforce and the need to develop leaders.
REAL ESTATE: Local sales add up to $730M so far this year
The 485-room Irvine Marriott Hotel at the Irvine Towers office complex near John Wayne Airport has been sold to a Los Angeles-based institutional investor.
REAL ESTATE: Data indicate relative bargain at $264 per SF
Newport Beach-based Burnham-Ward Properties has expanded its hometown office holdings with a property not too far from John Wayne Airport.