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

Stem Cells Step Forward With OC Manufacturing

HEALTHCARE: Latest FDA trial, manufacturing set to start here

What could be the most advanced attempt to bring stem cell treatments to the market could start any day now in Orange County.

Can Lu Lift Fisker?

AUTOS: Chinese billionaire vows to restart stalled luxury hybrid brand

About 140 employees at Fisker Automotive and Technologies Group LLC are packed in a conference room to meet the man behind the automaker’s comeback bid.

Ingram Micro Sets Up Shop in Irvine

REAL ESTATE: Park Place lease could bring sale of Santa Ana HQ

Ingram Micro Inc., Orange County’s largest company by sales, is expected to move its headquarters from Santa Ana to Irvine after signing a large office lease at the Park Place mixed-use campus.

Mints to Marketing, Coffee to Cabbies

Orange County’s hotel and resort properties have spawned an industry of local companies that help with everything from purchasing and Pinterest to mints on the pillow.

Platinum Triangle Preps for 2nd Act of Development

Office, For-Sale Projects Eyed Alongside More Apartments

The development of the Platinum Triangle area in Anaheim is entering its second decade, and the 820-acre swath of land around Angel Stadium remains poised to be a hub of apartment construction.

Irvine Land Deals Top $100M, Usher in New Plans

Offices Could Join 1,600 Planned Apartments

Nearly 30 acres along a busy stretch of Jamboree Road in Irvine have sold over the past few weeks or are expected to soon, with plans for apartment and office development expected to start on the sites.

Office Market Moves Up in Fourth Quarter

The Orange County office market, building on an already-successful 2014, is gaining momentum through the turn of the year.

Industrial Market Clients Scrounge for Space in Q4

The Orange County industrial market was tight throughout most of 2014, a sign that the region is in need of a significant amount of new construction and development projects on top of its current 253 million or so square feet.

Times Taps OC for Big Hire; Revenge of Mt. Rushmore?

The L.A. Times plucked its latest big hire from the OC Register’s backyard, tapping UCI grad and Monarch Beach resident Don Reis as chief revenue officer.

Cosmetics Brand Takes Creative Office in Irvine

REAL ESATE: Too Faced adds space amid reports of sale

Too Faced Cosmetics LLC, an Irvine-based cosmetics company that’s said to be considering a sale, has inked a lease for a much larger headquarters in its hometown.

Kodiak Capital to Fold NY Office Into OC Base

FINANCE: NB-based firm busy with small-stake strategy

Newport Beach-based investment firm Kodiak Capital Group LLC is off to a busy start this year with several deals on the books and plans to consolidate its East Coast operations in Orange County in coming months.

Jobs Decline at Top Foreign-Owned Cos.

THE LIST: Blizzard buyout tipped field’s total

The biggest foreign-owned companies in Orange County employ just more than 27,000 workers here, a decrease of about 1% from a year earlier.

Auto Club Diamonds, Travel + Leisure Nods for OC Hotels

HOSPITALITY: High-end resorts compare well with LA, SD

A couple of annual rankings and ratings of hotels, resorts and restaurants provide some fresh perspective on Orange County’s hospitality trade, which shows up strongest at the highest end when compared with neighbors to the north and south.

Del Taco to Expand to Northeast US

Lake Forest-based Del Taco LLC said it will begin franchising in New Jersey, its first restaurants in the Northeast.

Two Colleges to Add 4-Year Degrees

Santa Ana College and Cypress College were named to a list of 15 community colleges in the state that can offer four-year college degrees, according to the California Community Colleges chancellor’s office.

Alliant Buys Australia Firm’s US Arm

Newport Beach-based Alliant Insurance Services Inc. agreed to pay about $300 million to acquire QBE US Agencies, the U.S. operations of Sydney, Australia-based QBE Insurance Group Ltd.

Builders Named for Great Park Homes

Irvine-based Standard Pacific Corp. is the lone locally based homebuilder tapped to build homes at Beacon Park, the second community planned for Great Park Neighborhoods.

Wanted: Best Places to Work for OCBJ’s List

CALL FOR ENTRIES: Website set to take entries until March 20

Is your workplace great? We want to know.

PHILANTHROPY

Wells Fargo gave $100,000 to the Illumination Foundation to support local workforce development and job creation.

ADDENDUM

Other items of interest Orange County Business Journal Vol. 38, No. 4

San Clemente-based automotive customer service firm DealerSocket Inc. acquired DealerFire, a Web design and digital marketing firm based in Oshkosh, Wis., on undisclosed terms.

Senate Again Tackles Medical Device Tax Repeal

Industry Leaders Monitor Debate Over Hated Levy

A new Congress is in session, and one of its first actions took up a top goal of the medical device industry in Orange County and elsewhere: the repeal of a federal tax on companies’ revenues.

Mophie Puts $4.5M Into Super Bowl Ad, Hopes for OT

Smartphone Case Maker Bets on ‘Extra Time’

Two Orange County-based advertisers are coughing up $4.4 million each for a 30-second Super Bowl 2015 spot—one a veteran of the big game and another making its first appearance.

OCBJ Calendar

This week's business and other event listings.

Irvine Startup Adds Deal With Disney’s ABC Network

Verys Now Has About 50 Workers in OC, Dallas

Startup Verys is on a hot streak, landing a deal with Disney ABC Television Network to build its internal marketing management system.

Real Estate Deals

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

Turner Real Estate Fund II LP sold an office building in Newport Beach to The Halpern Group for $9 million, or $297.42 per square foot.

Irvine Co. Gets Santa Clara Offices for $137 Million

Silicon Valley Portfolio Now Tops 4 Million SF

Irvine Company has made another pricey office investment in the Silicon Valley city of Santa Clara.

Summit Picks Brains About Healthcare Accelerators

Institute Hosts Event On Helping Efforts Succeed

The La Palma-based Innovation Institute, a provider of business services and products and investment management services to health systems, is taking a broad role in championing its cause.

Vizio Ad Works Against the Curve of Competitors

Spot Takes Aim at Curved TVs, Their Drawbacks

Vizio Inc. is taking a stab at its competitors’ curved TV sets with a new ad for “anti-curved glasses.”

Pimco’s ‘Fade’; Oakley’s Got Games; ‘Musco Match’

Anyone else take note of some particularly colorful words that turned up in a story about Pimco in the Dec. 15 issue of the Wall Street Journal?

Canadian Buyer for San Clemente SUP Maker

SPORTS: Founder keeps stake, gets support for expansion

Kayak Distribution Inc. has acquired San Clemente-based paddleboard company Corran SUP in a bid to complement its outdoor-adventure offerings with a product for a growth segment of the market.

Charity’s Local Office Wraps Shoeboxes Full of Joy

NONPROFITS: At Operation Christmas Child’s Western hub

Nearly a million Christmas stories are just beginning from a run-of-the-mill warehouse in Huntington Beach.

Report Puts Apria On Sales Block

Lake Forest-based Apria Healthcare Group Inc. is up for sale, according to an industry website.

2015 Preview: REAL ESTATE

Speculative development isn’t a dirty word anymore for area commercial real estate developers.

2015 Preview: FINANCE

Local financial industry professionals are banking on an improving U.S. economy that could feed business growth here.

2015 Preview: TECHNOLOGY

2015 holds the potential for some game changers in Orange County’s diverse technological landscape.

2015 Preview: HOSPITALITY

Local hotels had steady increases in occupancies and room rates this year, reflecting national upward trends as the industry continued to climb out of post-recession declines.

2015 Preview: HEALTHCARE

Orange County’s healthcare sector marks the beginning of a new era in 2015—one that no longer features Allergan Inc. as a locally based company.