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

Office Campus Eyed at Jamboree & Dupont

Trammell Crow Could Build 550,000 SF on 7.5 Acres

Trammell Crow Co. is eyeing a vacant land site it just bought near John Wayne Airport for a major office campus.

Device Maker Weighs In on Change in IBC

‘Concessions’ to B. Braun as For-Sale Residential Returns

One of the first developments in the Irvine Business Complex to propose for-sale residential development in nearly a decade is proceeding after getting some pushback from a medical device maker whose local manufacturing operations are next to the project.

New Home Co. Nears $250M Land Buy

Deal in Works With Irvine Co. Includes 2 Sites in Crystal Cove

The New Home Co. is looking to double down on Orange County’s luxury home market with its latest batch of land deals.

What’s Next?

Hollywood Backer, NBA Ties Point to Potential of VR Startup

Laguna Beach-based NextVR Inc. is on a hiring spree and considering the development of a new engineering hub in Orange County amid recent progress toward deals to license its virtual reality content technology to professional sports leagues.

Auction.com Puts Out Welcome Mat for Hotel Trade

HOSPITALITY: New hires bolster recently formed hospitality division

Auction.com in Irvine has positioned itself to take advantage of the current boom in the hotel industry, with a focus on middle-market transactions in the $1 million to $15 million range.

Spec Office Developers Take Varied Approaches

Low-Rise, Creative Re-Use Planned Alongside Towers

Orange County developers are taking varied approaches to speculative office developments in the improving local economy, including a cautious approach on ground-up projects.

Office Market Gets Healthier in Q1

The Orange County office market, paced by the accelerating Greater Airport Area, is returning to prerecession peaks by all key measures.

Industrial Market Shows Strength

The Orange County industrial market got off to a good start this year after experiencing a sluggish year-end, posting positive net absorption of 690,726 square feet following a sluggish finish to 2014.

St. Clair High Note; No Quit in Nepal; Peltason Program

Remarks by Kylie Schuyler and Rubén Martinez gave the crowd at last week’s High Hopes fundraiser for El Sol Science & Arts Academy clear reminders of why each was chosen for honors.

Vans’ Ad Push Aims to Broaden Millennial Base

MARKETING: Campaign set for back-to-school, holidays

Vans Inc.’s upcoming marketing campaign aims to highlight its array of footwear and apparel in an effort to grow the brand beyond its skate roots and appeal to a wider youth segment.

Retail Developer Buys Into Maui Resort Market

REAL ESTATE: Burnham adds upscale center to OC holdings

Burnham USA Equities Inc. is the latest local developer to tap the tony Hawaiian resort community of Wailea for a major investment.

Device Maker Plans IPO, New Hires

HEALTHCARE: Glaukos aims for $86.3M, NYSE listing

Laguna Hills-based eye device startup Glaukos Corp. plans to use proceeds from a proposed initial offering to hire more workers, expand marketing programs, and fund further clinical studies.

Hedge Fund Execs Go Long on Own Brand of Energy Drink

MARKETING: Pelerin pair behind Positive Energy brand

Positive Energy Beverages LLC is betting that a continued rise in consumer demand for “better-for-you” food products will be better for the Irvine-based startup, too.

Employment Agencies Continue Growth With 2% Jump

21 Firms Have $720M In Locally Generated Revenue

The largest staffing firms in Orange County combined for a modest increase in revenue last year, coming off a small dip in 2013.

Mortgage Lender Doubles Local Office

Foothill Ranch-based mortgage lender loanDepot LLC doubled its Orange County office space to more than 238,000 square feet to accommodate its growing direct-lending center.

NYC Firm Takes 12.7% Stake in Habit

New York City-based asset management firm AllianceBernstein LP disclosed in an April 30 regulatory filing a 12.7% stake in Irvine-based Habit Restaurants Inc.

Southwest Adds JWA Flights, Routes

Southwest Airlines said it will start flying to Kansas City and St. Louis from John Wayne Airport on Nov. 22.

Printer Company Bought by Dallas Firm

Fontis Solutions in Irvine has been acquired by Dallas-based franchisor Safeguard Business Systems.

Private Companies Wanted for Annual List

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.

PHILANTHROPY

Goodwill of Orange County announced on May 5 the largest single program-specific donation in its 90-year history: a $1 million gift from philanthropists Thomas T. and Elizabeth C. Tierney to support veterans.

ADDENDUM

Other items of interest Orange County Business Journal Vol. 38, No. 20

Tesla Motors Inc. plans to open a showroom and service center in Buena Park this summer, its second in Orange County.

OCBJ Calendar

May 18-27, 2015

This week's business and other event listings.

Masimo Chief Cites Progress on 10-Year Plan

Monitors Gain, Rainbow Product Line ‘Promising’

Masimo Corp. Chief Executive Joe Kiani says he’s “encouraged by our progress to date” as his company moves into the last 1 ½ years of a 10-year plan it established when it went public in 2007.

Theme Parks Get Online Boosts from Newspaper

Disneyland, Knott’s Berry Sites Register Offshoots

Thinking of a trip to Disneyland or Knott’s Berry Farm this summer?

Meggitt Adds Hires in Irvine to Meet Growing Demand

Orders Up For Military, Aerospace Sensors

The Irvine operation of U.K.-based Meggitt Sensing Systems has been on a hiring push since consolidating its San Juan Capistrano and Londonderry, N.H., outfits less than two years ago.

Real Estate Deals

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

Tri Venture LLC sold an office building in Santa Ana to the Moritzky Family Trust for $1.3 million, or $159.86 per square foot.

Shea Properties, KBS Plan $76.7M Deal in Denver

First Office Built at Shea’s Village Center Station

Aliso Viejo-based commercial developer Shea Properties Inc. is under contract to sell part of a big office project in Colorado to another locally based investor, KBS Realty Advisors.

Crossover, Newcomers Highlight OC 50

Inventory of Influence Includes 15 of Wealthiest Here

Wealth doesn’t necessarily translate into power in Orange County, but the two do cross paths.

Moiso's Mission: Ride On

Family Found Way to Sell Ranch to Selves

It’s a cloudy day at Ranch Mission Viejo LLC’s headquarters on Reata Road, just off Ortega Highway.

Allergan Campus on Jobs Seesaw

HEALTHCARE: Actavis indicates new unit will offset chunk of layoffs

The makeover of Allergan Inc.’s operations in Irvine continues, with 1,100 jobs expected to be trimmed by next month.

North OC Price Check: Buena Park Shopping Center Seeks Buyer

RETAIL: 535,016 SF on block; Wal-Mart, Sears not part of deal

Coventry Real Estate Advisors in New York has put its portion of Buena Park Downtown on the market, seeking a deal that could reach $100 million.

Credit Collaboration for Cripe’s Place on List

HEALTHCARE: CHOC boss cites Innovation Institute as latest example

You’ll find Kimberly Chavalas Cripe among this year’s OC 50, the Business Journal’s annual inventory of the most influential members of the community of business here, and the subject of this week’s Special Report (see pullout for profiles).

OC 50 (A-D)

OC 50

New Look for Lima Beans at SCP; OC 50 Update; Lyon in LA

Talk about courage and imagination—the crew from AnQi showcased culinary renditions of both at last week’s debut of Courage of Imagination: A Tribute to Henry T. Segerstrom at South Coast Plaza.

OCVA Books Ctrip to Push Local Brand in China

HOSPITALITY: Members aim for clear ID in growth market

A website launched this month in China seeks to put a clear Orange County brand on efforts to tap into what’s expected to be a growing number of tourists from the burgeoning Asian nation to California for years to come.

D-Link Lands Wal-Mart Deal for Wi-Fi Cameras

TECHNOLOGY: Boosts its connected-home standing

Fountain Valley-based D-Link Systems Inc. has strengthened its position in the booming connected-home market in a deal with the world’s largest retailer, Wal-Mart Stores Inc.

Santa Ana Company Builds N.C. Factory

MANUFACTURING: $7.5M for 204,000-square-foot plant

Santa Ana-based natural gas fuel systems developer Agility Fuel Systems plans to open a $7.5 million factory in North Carolina later this year, an expansion driven by a growing demand for natural gas-equipped vehicles.