OCBJ WEEKLY EDITION
Émigré Population Prominent Beyond Size in OC’s Community of Business
Orange County’s Indian-American community is nearly as diverse as its homeland, where myriad languages flourish in the crowded cities and secluded villages spread across the Asian subcontinent.
Financial Services Here Look for Roles on Both Ends of Deals
A number of financial services firms in Orange County are setting themselves up as conduits for deals in India, drawn by the country’s growing upper and middle classes, a raft of highly educated workers, and a number of industries that offer potential for cross-border links.
REAL ESTATE: City part of push for Marriott’s Euro-style boutique
AC Hotels by Marriott, a European-style boutique hotel brand, will include Irvine in the first wave of a development push in the U.S.
HOSPITALITY: Hotel in Gaslamp district of SD won’t carry resort name
Irvine-based Montage Hotels & Resorts is breaking new ground in more ways than one.
REAL ESTATE: Tenant-rep brokerages ‘share same DNA’
Orange County’s two largest commercial real estate brokerages that solely represent tenants in lease negotiations are combining forces.
Chance for Independence, Creativity Part of Appeal
Sunny winters aren’t the only draw for financial industry professionals to move to Orange County from Wall Street and other finance centers on the East Coast.
Reps Jump 3.4%, Overall Staff Down 5% at Top 23
Orange County’s financial advisory firms combined to deepen the pool of registered advisers here while reducing the size of their overall employment bases.
Oct. 27-November 5, 2014; Nov. 19
This week's business and other event listings.
FDA OK’d Their Laser Cataract Surgery Use
Abbott Medical Optics, a Santa Ana-based business unit of Chicago-based Abbott Laboratories, is introducing a pair of products for laser cataract surgeries.
Wienerschnitzel Sponsors Gibbs Racing Team in NC
Look for Wienerschnitzel’s mascot, The Delicious One, running down the motocross race track.
The Inland Empire industrial market continued to grow in total gross activity during the third quarter, maintaining an upward trend that picked up in the second quarter after a relatively slow first quarter.
Law Firm Second Largest Tenant at 21-Story Office
Plaza Tower, arguably the best-known office building in Costa Mesa, is keeping one of its signature tenants.
Disagreements Spur Two To Exit, Board Down to 3
The recent resignation of two board members at Irvine-based Netlist Inc. is the latest setback for the struggling computer memory products maker.
Sales and leases of offices, industrial buildings, retail space and apartments
Laguna Hills-based real estate investment firm Silverado Canyon Partners sold Fairway Villas, an apartment property in Newport Beach, for $10.8 million to a private Orange County-based real estate investor.
Not much math but plenty of tea leaves to read on the Pimco-Janus front.
HEALTHCARE: No word yet on successor to veteran exec
Kaiser Foundation Hospitals and Health Plan is set to get a new top official in Orange County.
REAL ESTATE: GE Capital backs firm’s first OC deal
Cypress West Realty Partners LLC, a Ladera Ranch-based investor in healthcare properties, has made a medical building in Rancho Santa Margarita its first local purchase.
HOSPITALITY: $124,000 per room for Best Western affiliate
A 66-room hotel in Laguna Beach is set to change hands for $8.2 million after the note securing it was sold via an Internet auction last week.
HEALTHCARE: Q3 boost; Allergan gives lengthy critique
Valeant Pharmaceuticals International Inc. got some traction on its hostile takeover attempt of Allergan Inc. last week, with a third-quarter earnings report reversing a weekslong dip that had dragged its bid below the market value of the Irvine-based drugmaker.
MARKETING: 160over90 built niche after landing UCLA
The Newport Beach office of Philadelphia-based advertising agency 160over90 has become a prime contributor to its parent’s performance since it decided to take a chance on Orange County three years ago.
MARKETING: Accelerize sells self in Nasdaq aim
Tracking digital ad campaigns is a piece of cake, according to Accelerize Inc.—its own Cake, that is.
Irvine-based Pacific Premier Bancorp Inc. has agreed to pay $71.5 million to acquire Independence Bank in Newport Beach.
Irvine-based Boot Barn Holdings Inc. has announced details of its initial public offering, including the number and price of shares to be sold.
Kia Motors America has hired a Chicago-based advertising agency to help drive its “U.S. multicultural communication strategy as well as diversity and inclusion efforts internally and externally.”
Two universities and two community colleges in Orange County are working together on next year’s entry for the Solar Decathlon at the Orange County Great Park in Irvine.
Connecting brick-and-mortar stores with Millennials who are savvy online consumers can be a challenge.
The Export-Import Bank of China last week signed a letter of intent to provide a $270 million loan to Irvine-based BlueFire Renewables Inc.
The Boys & Girls Club of Santa Ana held a grand opening and ribbon cutting on Sept. 11 for its Garage Teen Center and the renovation of the newly named Joe MacPherson Center for Opportunity.
Other items of interest Orange County Business Journal Vol. 37, No. 43
AEROSPACE: Positions second company for $100 million in sales
James Downey is replicating the business model that made him one of Orange County’s wealthiest executives.
AUTOMOTIVE: Once figured for exit, increases sales 29.8%
Mitsubishi Motors North America Inc., despite a slim model lineup, is out to prove all the doubting Thomases wrong.
TRANSPORTATION: JWA aims for more passengers, Mexico service
John Wayne Airport plans to reintroduce incentives for an airline to offer new routes to Mexico as part of its 2015 flight plan, which also includes more passengers and 15 additional flights by Southwest Airlines.
APPAREL: Board names new execs as it aims for turnaround
Robert McKnight Jr., co-founder of Quiksilver Inc., is leaving his post as the company’s executive chairman at the end of the month as the Huntington Beach-based action sports apparel and footwear manufacturer struggles with reduced quarterly revenues.
HEALTHCARE: Ackman goes on offensive, questions continue
Irvine-based Allergan Inc.’s long-running battle to stay independent marches on as hostile pursuer rhetoric heats up and many analysts express doubt about the deal going through.
Expanding Local Plants, Adding Training Facilities
Manufacturing in Orange County is in growth mode, with many local companies—those that have weathered the recession and managed to notch consistent business gains—making investments in facility expansions and upgrading their training resources.
Recovery Growth, Offshore Jobs Return, Spur Hunt
Manufacturing companies and industry organizations are aggressively searching for young talent, with schools and businesses coming together to showcase advanced technologies and provide opportunities for hands-on work experience.
The search is on for a new executive vice chancellor and provost at UCI—a job that’s about on par with a COO’s post in the business world, while the chancellor of the school functions more like a CEO.