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.

‘OC Silicon Cities’ Pitch For Amazon HQ2 Project

Willowick Golf Course Key Part of 10Msf Plan

A cluster of Central Orange County cities plan to throw their hats in the ring to get e-commerce giant Amazon’s second headquarters.

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The Games We Play

How a Nobel Prize Winner Teaches Economics to Chapman Students

Ninety-year-old Vernon L. Smith likes to watch college kids play games.

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Device Maker Vyaire Plans Irvine Move, Hiring Push

Yorba Linda CareFusion Ops Moving to Spectrum

One of the biggest medical device firms in Orange County plans a major expansion and hiring push after signing a deal to move its local operations from Yorba Linda to an office project being built in the Irvine Spectrum.

Accountants Strategize On Tax Overhaul

Customers Seek Advice, Even as Congress Debates

Accelerate deductions, and hold back on the income.

Southland Industries Adds in Garden Grove

REAL ESTATE: Contractor takes Money Mailer’s old headquarters

Southland Industries, one of the country’s largest mechanical, electrical, and plumbing systems contractors, is stepping up its presence in its home of Garden Grove.

Women Value GC Work for Quality Focus, Flexibility

Management Prospects Part of In-House Appeal

While there’s no empirical data to chart a rise in female general counsels in Orange County, several local GCs say they’ve seen an increase over the past 15 years or so.

Q&A

The Business Journal’s Deirdre Newman asked Orange County-based general counsels in industries ranging from manufacturing and technology to finance and legal, how they go about choosing outside attorneys to do legal work.

Morning Angels

Tech Coast Angels are the Blue Angels of angel investing.

Newport Beach Tennis Club Land Trades for $12.4M

REAL ESTATE: Diamond Jamboree owners invest

The land underneath the Newport Beach Tennis Club has been bought by a prominent area retail developer.

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Zero-Emission Innovator Moves to Riverside

MANUFACTURING: Firm gets first LA Unified bus order

ADOMANI Inc., the first equity crowdfunded company to list on the Nasdaq, has moved its headquarters from Newport Beach to Corona in Riverside County and landed its first contract to build an electric school bus.

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Hyundai Styles Self As Auto Nordstrom

AUTOMOTIVE: Intros app, buyer cooling-off period, more

Worried you may not like your new ride the minute you park it in the garage?

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Patient Monitoring Device Maker Plans $5M Series B

HEALTHCARE: Hopes to have five products 2018

ECOM Medical Inc. in San Juan Capistrano plans to raise $5 million series B preferred to grow sales of its Endotracheal Cardiac Output Monitor, or ECOM, a system that provides real-time blood-flow information used in post-surgery critical care monitoring. It includes a monitor and a tube that’s inserted through the trachea.

Sibling Startups a Thing In OC’s Ecosystem

Unique Synergies Provide ‘Competitive Advantage”

Siblings tend to know each other’s nuances and have each other’s back.

Aerospace and Defense Reverse Job Slide in ‘17

M&A, Growing Business Lines Highlight Sector

Two big takeovers and a headquarters move to Orange County shook up the local landscape for the largest aerospace and defense contractors with operations here.

Aerie Buys Envisia Technology to Expand Pipeline

To Speed Advancement In Back-of-Eye Uses

Irvine-based Aerie Pharmaceuticals Inc. bought the rights to use Envisia Therapeutics Inc.’s PRINT technology for $25 million in cash and Aerie common stock, with additional milestone payment potential.

Reality Star Wreaks Havoc Proving Badness Creds

Nicole Richie Gets Urban Decay Post in the End

Urban Decay Cosmetics LLC in Newport Beach released the first in a series of YouTube videos featuring its latest brand ambassador, Nicole Richie, star of comedic reality shows “Great News,” “The Simple Life” and “Candidly Nicole.”

Sunstone Gets Sky-High View at 200 Spectrum Tower

Top-Floor Lease Follows Tarsadia Deal in Newport

Sunstone Hotel Investors Inc. is the latest hospitality company getting a prime view at one of Irvine Co.’s new area office towers.

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D-Link Gets Break in FTC Security Claims Case

Judge Dismisses Counts Against FV Subsidiary

A federal judge dismissed three counts against D-Link Systems Inc. in Fountain Valley levied by the Federal Trade Commission alleging security lapses in its consumer router and IP cameras.

Software Siblings Help App Developers Max Out

Hitsfu Uses AI for Product Features, Ad Campaigns

A Mission Viejo-based company that helps app developers understand user behavior recently launched.

OCBJ Calendar

Oct. 16-Oct. 25, 2017

This week's business and other event listings.

Business Bites

Other items of interest Orange County Business Journal Vol. 40, No. 42

The South Orange County Community College District said Interim Chancellor Debra Fitzsimons will retire on Dec. 30.

Real Estate Deals

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

Jay J. Chong sold a store-front retail/office building to Susan A. Hawken for $3.8 million, or $224 per square foot.

New Shooter for HQ2; Found ‘Superwoman’

New Shooter for HQ2 Breaking late. Big Mike tells me a bid’s coming for Amazon’s HQ2, joint bid of Santa Ana, Garden Grove, and perhaps Orange and Anaheim.

Self-Storage Investor Aims to Be Big Man on Campus

REAL ESTATE: Student housing a focus for $1.1B REIT

Ladera Ranch-based SmartStop Asset Management LLC, one of the country’s most active investors in the self-storage industry, is looking to tackle a new sector of the real estate market: student housing properties next to schools with big football programs.

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Renewed Smile Brands Plans Nationwide Buildout

HEALTHCARE: Growing after buyback, launches dental plan

A turnaround story is nice, but it’s even better when you have the original players back in the game for round two. Irvine-based Smile Brands Group Inc., with Chief Executive Steve Bilt back at the helm, is shopping for dental practices.

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Minn.-Based Entero Buys Another OC Co.

HEALTHCARE: To move to San Clemente ReShape office

Orange County’s robust medical device scene will soon welcome a new addition from St. Paul, Minn.: EnteroMedics Inc.

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Real Estate Deals

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

Saeid Danesh sold a research and development building in Rancho Santa Margarita to Jeffrey Margolis and Christopher Golden for $2.3 million, or $240 per square foot.

OrthAlign Raises $10M Series D to Fund Growth

HEALTHCARE: To go from 1 to 5 products

Aliso Viejo-based OrthAlign Inc. believes it’s positioned for growth with a new management team in place and fresh capital.

Racer Turned Retailer Now Racing Promoter

Roland Sands Designs 1st Moto Beach Classic

Roland Sands’ perfect day at the beach includes surfing, punk rock and reggae beats and of course, motorcycle racing.

Cushman Lands Ten-X Exec To Run OC, IE Offices

Based in Irvine Office Of CRE Brokerage

Cushman & Wakefield Inc. has named a former executive of Irvine-based auction firm Ten-X LLC to run its Orange County and Inland Empire offices.

Dementia, Related Issues Take Spotlight at Conference

Seniors Poised to Be Quarter of OC Population

Orange County’s population is 3.2 million, and 13.5% of residents are 65 and older, a segment projected to double by 2040, according to a report by Orange County Healthy Aging.

ASICS to Talk Up Fitness at New York Festival

Irvine Brand Riffing Off Of #IMOVEME Slogan

SICS America Corp. is sponsoring several experiential marketing initiatives at the upcoming Festival of Fitness in San Francisco, hosted by Virgin Sport USA LLC in New York.

OC Developers Tapped for$300M Dana Point Harbor Re-Do

Retail, Hotels, Marina in Project’s 7-Year Plan

Three of Newport Beach real estate firm shave been tapped to head the redevelopment of Dana Point Harbor, a mixed-use project projected to cost nearly $300 million to build new restaurants, shops, hotels and other waterfront properties.

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Vantis Office in Aliso Viejo Trades for $53.6 Million

Shea Properties Sells Site To Brookhollow Group

Shea Properties has sold one of two large offices it built and owned at its 40-acre Vantis mixed-use campus in Aliso Viejo.

Old Product, New Platforms for Trading Cards

DraftCard Makes Sharable Cards for Student Athletes

A new app enables student-athletes to create online trading cards, like baseball trading cards that can be shared through social media. Newport Beach-based DraftCard Inc. was founded by Chris Burget, Kristin Currey and Bob Peterson.

App Maker to Grow Reach With Sale to NM Firm

Microsoft Partner Absorbed by IT Provider

Irvine fast grower Xelleration LLC will gain access to new markets and regions with its recent sale to Albuquerque-based IT services provider Speridian Technologies.

Green-Designed Homes Boast Eco-Friendly Features

LEED Creds, Water Savers, Solar Panels, More

Luxury homebuilders in Orange County are incorporating resource-efficient amenities that are not only practical, but also strong selling points for buyers with a heart for conservation.

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