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.

2017 Year In Review: Real Estate

5 Big Stories

Irvine Ranch became the country’s largest source of new-home sales; Great Park Neighborhoods, Rancho Mission Viejo and Lake Forest’s Baker Ranch were also among the 25-best-selling communities in the U.S.; and average new-home prices in Orange County veered closer to $1 million.

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Chapman Sees Largest Tax Hike in State History

OC Job Growth a Mixed Message

The Orange County economy is facing both good news and bad in the coming year, according to Chapman University’s annual forecast.

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Lennar Regional Executives Tapped

REAL ESTATE: Roos gets OC, West; 1 spot for CalAtlantic

Lennar Corp. plans to install its own executives in the top spot in four of the five national homebuilding regions it will run after buying Irvine-based Cal- Atlantic Homes, according to company documents provided to the Business Journal.

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Flute Bug Skips Another Generation of McLarands

Needle Point: Wednesday, Dec. 6, I was commended to read two books (in one year?) … “Reinventing the Administrative State” and “Financial Management Theory in the Public Sector,” –both apparently preach the same sermon: “When Money Talks, the Truth is Silent.”

Subprime Auto Firm Veros Buys HQ in Busy Year

REAL ESTATE: $165M securitization firm’s first

The acquisition of Veros Credit LLC’s Santa Ana headquarters is the latest piece of notable business this year for the family-owned auto finance company, which is taking steps to ramp up lending operations.

Toshiba Unit’s StubHub Win May Lead to Bigger Deals

TECHNOLOGY: Digital work makes up for print decline

Toshiba America Business Solutions Inc.’s multimillion-dollar contract to outfit the StubHub Center in Carson with ultra-high-definition scoreboards and digital ribbon displays highlights one of the few growth markets in an otherwise flat sector challenged by the dwindling life of print.

Anton & Chia Fights SEC Charges

FINANCE: Accounting firm’s penny stock audits scrutinized

Newport Beach-based Anton & Chia LLP, ranked on the Business Journal’s list of Orange County accounting firms, is disputing civil fraud allegations brought by the Securities and Exchange Commission involving penny stocks.

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2017 Year in Review: Technology

5 Big Stories

Western Digital Corp.’s decision to quietly redesignate headquarters from Irvine to Silicon Valley highlighted the ongoing challenge of scaling public companies and keeping them here.

2017 Year in Review: Healthcare

Allergan PLC’s (NYSE: AGN) transfer of patents on its blockbuster dry-eye drug Restasis to a Native American Tribe in September is not only a top story this year, but one that will continue unfolding into 2018.

2017 Year in Review: Hospitality & Tourism

Top o’ the pops this year was every one of the 200,000 new square feet at Anaheim Convention Center and attendant growth in area hotel activity.

2017 Year in Review: Finance

Who says bankers are dull? They aren’t in Orange County, not this year.

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2017 Year in Review: Retail & Marketing

Orange County is home to five automakers, three of which had a moving 2017.

Taiwanese Company Says Irvine Device Stronghold

Plans to Strengthen US HQ as R&D Center

He pointed out that while the company is a relatively new player in the U.S.—it received Food and Drug Administration approval of its knee and hip replacement products in the early 2000’s but didn’t start selling in the U.S. until 2014—“we have a long history in providing innovative orthopedic implants and instrumentation product.”

UCI’s Claire Trevor School Makes a Business of Dance

EDUCATION: UCI trains for performing, management

Dance is less of a profession and more of a passion that draws artists early in life—and often down the road they’re encouraged to give up the passion for more practical endeavors.

Philanthropy

On Oct. 14 Irvine Public Schools Foundation hosted its eighth annual Spirit of Excellence Gala at KIA Motors America.

Aerie to Build Manufacturing Facility in Ireland

Site to Support 2020 Global Commercialization

Aerie Pharmaceuticals Inc. (NASDAQ: AERI) continues to ramp up in anticipation of upcoming Food and Drug Administration approval of glaucoma drug Rhopressa.

Vans Brand Cues Up Song Lists for Apple Listeners

Chosen to Be One Of 60 Curators of Playlists

House of Vans, a string of music venues hosted by Vans Inc. in Costa Mesa, is now one of more than 60 curators for Apple Music, tasked with perusing 40 million songs available on the streaming platform and developing playlists that its audiences would appreciate.

No End in Sight for Toll Brothers’ Luxe Push in OC

$44M Yorba Linda Site Offers Half-Acre Lots

Toll Brothers Inc. is adding another high-end housing development to its Orange County portfolio.

Hyundai Gets Smart With On-Demand Service

Allows Providers To Remotely Access Vehicles

Hyundai Motor America Inc. in Fountain Valley and Silicon Valley-based Smartcar Inc. will launch a pilot program early next year in Southern California to provide Hyundai car owners with on-demand services from various businesses, including mobile car washes, and grocery and fuel deliverers.

Accelerator Helps Launch On-Demand Tire Service

Startup Bets People Want Things ASAP

Irvine-based accelerator Cie Digital Labs and auto industry veteran James Chen are betting on the fact that today’s consumers want things ASAP—as soon as possible—including tire installation service.

Real Estate Deals

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

Jon S. and Marcia West sold an apartment building in Fullerton to Rengert Family Trust for $1.4 million, or $350,000 per unit.

OCBJ Calendar

Dec. 11-Dec. 20, 2017

This week's business and other event listings.

Business Bites

Other items of interest Orange County Business Journal Vol. 40, No. 50

California State University-Fullerton said Kari Knutson Miller will replace Anil Puri as provost and vice president of academic affairs on Jan. 1.

He Colored a Comeback

MANUFACTURING: Lifts firm out of implosion

Ed Laird’s company was in trouble a decade ago. And his health was suffering, too.

Long-Troubled Anaheim GardenWalk for Sale Again

67% Leased; Some Shops Not Paying Fixed Rents

The Anaheim GardenWalk shopping center is up for sale for the second time in five years.

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OC’s Nonprofits Increase Revenue 7.2%

Donors Boost Giving To Assist Homeless

The issue of rising homelessness was one of the keys to a 7.2% boost in revenue among nonprofit organizations in Orange County.

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Lazy Dog to Double National Paw Print

RESTAURANTS: Casual chain points to $300M

Lazy Dog Restaurant & Bar in Huntington Beach took 15 years to get to 25 restaurants.

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Sky’s the Limit as Irvine Chipmaker Enters China

TECHNOLOGY: Skyworks’ auto IoT gambit lauded by analysts

Skyworks Solutions Inc.’s latest design wins with Shenzhen-based ZTE Corp. will boost its position in the world’s largest market for connected vehicles and elsewhere amid a diversification effort welcomed on Wall Street.

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Bang: You’re a TV Star

Breaking at press time … Newport billionaire Ron Simon sells RSI Home Products to Va-based American Woodmark … $1.08B, in stock, cash, debt assumption … Simon founded his Anaheim cabinet-maker in ’89, products widely respected for high-quality and value—on pace for $560M sales ‘17.

Peregrine Full Speed Ahead in Shift to CDMO

HEALTHCARE: Board to add manufacturing experience

Less than six months since investors issued a public statement calling for Peregrine Pharmaceuticals Inc. to cease clinical development activities of its cancer drug and focus on growing its biologics manufacturing business, the company is well on its way to completing the transition.

Stem Cell Co. Closes in on FDA Nod for Pet Treatment

HEALTHCARE: Kingston’s John Tu among investors

Ever since scientists discovered stem cells are capable of self-renewal, making an unlimited supply of specialized tissue, the promise of using them to treat a variety of diseases has captured many people’s imagination, including serial entrepreneur Tom Yuen.

Aria Rolls Out Lighter, Faster FXE

AUTOMOTIVE: Supercar’s developers target world’s elite

Clive Hawkins believes in two ways to mark any 21st birthday.

Food Hall Added to Project Plan at Old LA Times Site

REAL ESTATE: $65M sale big boost from $39M valuation

The new owners of the former Los Angeles Times printing facility in Costa Mesa are switching up redevelopment plans of the 24-acre site next to the headquarters of the Los Angeles Chargers, with a “high-end public market” concept alongside previously planned creative-office uses.

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Downtown Santa Ana: Millennial Mecca

Apartments Next For Popular Corridor

One of the biggest property owners in the core of downtown Santa Ana intends to parlay the popularity of its East End district and 4th Street Market food hall into a residential play to attract more millennials, especially entrepreneurs.

Autumn in Orange County Brings Back Two Faves

New Marche, Prego; Crack, Country on 17th

Welcome to our new executive dining column.

Ivantis Anticipates 2018 Clearance for Eye Device

Submitted Final Trial Results to FDA Regulators

Hopes are high for Irvine-based Ivantis Inc., which anticipates receiving market approval from the Food and Drug Administration next year for its Hydrus Microstent.

Kia Chatbot Kian Helps People Navigate Choices

Developed With CarLabs To Follow NiroBot

Kia Motors America Inc. just upped its chatbot game.

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