OCBJ WEEKLY EDITION
REAL ESTATE: $112 million would be highest price since 2013
A spate of apartment development going up on Jamboree Road in Irvine doesn’t appear to be scaring off investors looking for existing complexes in the same area.
EDUCATION: Pharmacy programs in various stages at 3 universities
Three local universities want to launch pharmacy schools here, and they would join six others in Southern California and a total cadre of 11 statewide.
ARTS: Sale, price of current location could be trimmed
Plans to relocate the Orange County Museum of Art to a new facility at the Segerstrom Center for the Arts in Costa Mesa are moving forward despite uncertainty over the fate of the museum’s current location in Newport Beach.
Mixes Ethnic Food Smarts, Hunger for Better Dining
Our now legendary Orange County lady chef and restaurateur Zov Karamardian set out to introduce the dining public to Mediterranean food 27 years ago.
Claim Center Stage With Inviting Decor, Food, Drink
Having a glass of wine with friends is no longer the cutting-edge trend. We are now having cocktails.
Not many individuals can provide the spark for an entire column.
HEALTHCARE: Switch from respiratory to blood pressure aid
Rox Medical Inc. has shifted its business model as it seeks to lower the pressure—and possibly lure a buyer.
HEALTHCARE: CEO guided system into Hoag partnership
Veteran Orange County healthcare executive Deborah Proctor’s imprint will be felt by her successor.
RETAIL: Philadelphia firm joins B. Riley in bargain hunt
Beleaguered teen retailer Wet Seal Inc. is still drawing interest, even if it comes in the form of some rock-bottom bidding.
EDUCATION: New academy fosters character development
The newest initiative of the Pacific Club Impact Foundation in Newport Beach has helped 150 middle school students from various backgrounds cultivate their leadership skills under the mentorship of local business executives.
CALL FOR ENTRIES: Website set to take entries until March 20
Is your workplace great?
Costa Mesa-based networking equipment maker Emulex Corp. announced it would be acquired for $606 million by Avago Technologies Ltd.
A Tokyo-based restaurant operator said it would open franchises of Irvine-based Taco Bell Corp. in Japan.
Pacific World Corp. in Aliso Viejo is up for sale, according to the Wall Street Journal.
Toba Capital Management in Newport Beach invested $4 million in Irvine-based True Drinks Inc.
Bethesda, Md.-based DiamondRock Hospitality Co. bought the Shorebreak Hotel in Huntington Beach for $58.5 million, or nearly $373,000 per room.
$20M Gets You Varying Degrees of OC Posh
What will $20 million get you in Orange County? There’s a three-bedroom, two-bath, 1,774-square-foot home on a third of an acre in Emerald Bay in Laguna Beach that has a list price of nearly that.
Other items of interest Orange County Business Journal Vol. 38, No. 9
Asics America Corp. said it surpassed $1 billion in sales for the first time last year, a 14.9% year-over-year increase.
March 2-11 and 18, 2015
This week's business and other event listings.
Two Versions of Tecnis To Restore Vision
Santa Ana-based Abbott Medical Optics continues to forge ahead with new products.
Bought Firms Focused On Promotions, Experiential
Advantage Sales & Marketing LLC recently disclosed that it acquired two marketing firms last year to bolster offerings of its in-house promotions and experiential ad agency, IN Marketing Services.
There were 502,612 square feet of industrial space under construction at the end of the fourth quarter.
Western Digital Mulls Info, Toshiba Denies Any Role
Two storage-product makers in Irvine are connected to one of the most advanced cyber-espionage programs to surface.
Sales and leases of offices, industrial buildings, retail space and apartments
An apartment property in Costa Mesa was sold to an individual/personal trust for $2.2 million, or $275,000 per unit.
Fairfield Residential Plans Mix of For-Sale, Rentals
Los Angeles-based Kilroy Realty Corp. has completed the long-planned sale of a former industrial site on Von Karman Avenue in Irvine where a residential project is slated to go up.
ECONOMY: Inventories, air shipments help blunt effects so far
Most Orange County-based companies that rely on seaborne shipments have so far managed to work around the labor dispute that’s jamming West Coast ports.
Adoption of Electronic Medical Records Prompts Diversification at Software Maker
Quality Systems Inc. has gone from darling to diversification, and the shift in gears looks to be giving the Irvine-based medical software maker and its shares a shot in the arm.
APPAREL: Expects to near $3 billion in sales by 2017
Kevin Bailey’s goals for Vans Inc. seem quite ambitious.
REAL ESTATE: Top builders in area combine to top 4,000 mark in 2014
More than $3.5 billion was spent on new homes in Orange County last year as the area’s busiest builders reported the most sales here in a decade.
Irvine Ranch, Pavilion Park, RMV Counter Nat’l Trend
Sales at Orange County’s best-selling masterplanned residential developments showed no signs of slowing last year and are poised for more growth this year, despite a cooling trend across much of the country.
Less Risk, Fast Sales Appeal to Publicly Traded Firms
Orange County’s largest masterplanned developments are driving a bulk of the recent new-home sales in the region, but plenty of builders are also finding success buying land for residential projects off the beaten path.
You heard it here first back in November, when the Insider picked up on vibes that Actavis PLC might take the Allergan name once it got its deal for the Irvine-based drugmaker done.
HEALTHCARE: Name better known than buyer in $71B deal
Actavis PLC’s recent decision to take on the name and ticker symbol of Allergan Inc. after it completes its $70 billion acquisition of the Irvine-based drugmaker next month brought plaudits from the local business community, where the move was hailed as a worthy acknowledgment and good business sense.
REAL ESTATE: Four offices total 365,000 square feet
Menlo Equities LLC has added four more offices to its already sizable holdings in Foothill Ranch and Lake Forest, in a pair of acquisitions valued at more than $60 million.
San Clemente-based Oggi’s Pizza and Brewing Co. plans to mine the fast-casual trend as it also expands its full-service restaurants.
HEALTHCARE: Reform key context for research, report
How is the 5-year-old joint venture between nonprofit Hoag Memorial Hospital Presbyterian and a pair of doctors’ groups going?
HEALTHCARE: Continued role seen for group
Nonprofit hospital affiliations and network creation in the wake of federal healthcare reform have dominated Orange County’s hospital headlines in recent months.