ECONOMY: 5.5% increase in sales; 2.2% gain on OC jobs
The biggest minority-owned businesses based in Orange County combined for $12.8 billion in revenue last year, a 5.5% increase from a year earlier.
Convention centers throughout Southern California and the nation battle in a never-ending contest to win the business of everyone from comic book geeks to medical device makers.
Hotel Conference Producers Take Bow at Austin Film Festival
There’s no business like show business, suggests the popular tune by Irving Berlin.
HOSPITALITY: Hotel operator looks to grow management services
Investing in coastal properties has been a no-brainer for Pacifica Hotels ever since 1993, when it got started in Santa Barbara as the hotel investment and management wing of private equity firm Invest West Financial Corp.
Eric Spangenberg must be feeling plenty flattered over the recruiting job done by UCI to land him as dean for its Paul Merage School of Business.
HEALTHCARE: $5M paves way for more advanced trials
A new center for cancer research and clinical trials at the University of California, Irvine, has the potential to give patients who want to use advanced therapies a chance to stay in Orange County for treatments.
MARKETING: 27-year-old Costa Mesa agency goes quiet
A midday knock on Marshall Advertising & Design’s front door last week went unanswered. So were calls to the Costa Mesa-based advertising agency. And its website was also down.
MEDIA: Two had gone daily in circulation push for Register
Santa Ana-based Freedom Communications Holdings Inc. is reverting to a weekly publication schedule for its community newspapers that serve Irvine, Newport Beach and Costa Mesa.
REAL ESTATE: Joins list of OC retail projects in works
DJM Capital Partners Inc. has more than a big hole to fill along Pacific Coast Highway when it comes to its long-awaited Pacific City retail project in Huntington Beach.
TECHNOLOGY: Irvine-based Getac supplies military, cops
Getac Inc.’s line of rugged computers are built to withstand the harshest conditions on the battlefield and some of the most extreme climates on earth. Its U.S. operation, headquartered in Irvine, supplies the Department of Defense and several U.S. law enforcement agencies with specialized laptops and tablets.
Irvine-based Auction.com, an online real estate auction company, reportedly received a $50 million investment from Google Capital, an investment arm of the Internet giant.
Ten of Orange County’s wealthiest were named on Forbes’ latest list of top billionaires in the world.
Banc of California in Irvine acquired RenovationReady in Greenwood Village, Colo. on undisclosed terms. RenovationReady provides home-renovation lending services. Its president and co-founder, Jim Fraser, will join the bank as senior vice president and director of construction and renovation lending.
Nets $5.6M, Most Per Square Foot Since 2010
A home at 31831 Paseo Cielo sold on Feb. 20 for $5.6 million, the highest price per square foot in San Juan Capistrano and the nearby city of Laguna Niguel and community Coto de Caza since 2010.
In 70 Theaters Around the World, Previewed Online
Volcom Inc. released “True To This,” an original feature film that “captures the energy and artistry of board-riding in its purest forms.”
Latest in String of Efforts To Kill 2.3% Revenue Tax
A longtime effort to repeal a federal tax on medical device makers’ revenue is bubbling up again.
Small Embedded Wireless Device Key to Innovations
Irvine-based Lantronix Inc. turned some heads late last month at the Embedded World 2014 show in Nürnberg, Germany, with some cool demos of its networking technology using a humanoid robot, a drone and a Wi-Fi-enabled electric bike.
The fourth quarter in West Orange County continued to demonstrate positive trends the submarket has been consistently witnessing.
Shopoff Buys Out DRA, Brings in Picerne Group
The Uptown Newport mixed-use development on Jamboree Road is preparing for its first major round of construction following a few changes in ownership for the high-visibility Newport Beach project.
John Higman sold an industrial and manufacturing building in Brea for $5.5 million to Air Treatment Corp., an HVAC systems equipment and design contractor.
March 10, 2014
This week's business and other event listings.
Number of Deals Down 11% in U.S.; Total Value Up
The pace of merger-and-acquisition activity by Orange County businesses rose by about 3% in 2013, capping the year at 310 deals.
Transactions in the Billions Result From Clients’ Trust
Orange County’s merger-and-acquisition lawyers stayed busy last year with a steady flow of deals that included well-watched transactions and a good number of local businesses buying and selling.
Anaheim-based boat maker Willard Marine Inc. is “recreating itself.”
Seeks Ad Shop For Estimated $100M Campaign to Highlight Company Culture
Oakley Inc. is looking for an advertising agency to handle the creative work on a global marketing campaign that will give an inside view of the $1.5 billion eyewear and apparel brand.
RETAIL: $48 million retailer spiffs up on new approach
Donated books and records repurposed into a whimsical chair display and a funky dress on a store mannequin are proof of what good merchandising can do for Goodwill of Orange County—or any retailer, for that matter.
REAL ESTATE: Deal for Santa Ana towers pegged at nearly $130M
The office division of private equity giant Blackstone Group is poised to become one of the two largest landlords in the South Coast Metro business district, based on an impending deal for the Griffin Towers office complex in Santa Ana.
REAL ESTATE: Irvine Company to redo 2 of 5 Spectrum buildings
A portion of the regional headquarters of Verizon Wireless in the Irvine Spectrum will be converted into a multitenant office park, a result of the telecom’s recent decision to trim its local head count by more than 40%.
Jay Burress had a lot of good news to go over on his first full year as president and CEO of the Anaheim/Orange County Visitor & Convention Bureau.
EDUCATION: $5M for center to speed up commercialization
University of California, Irvine, is creating a new campuswide center that aims to speed up commercialization of its research and support technology development.
AUTOS: Home development fuels addition; Alfa next?
Buongiorno, South Orange County!
TECHNOLOGY: Dissidents add three to gear maker’s board
Networking gear maker Emulex Corp. has a new Orange County-based chairman and three directors from outside the area.
HEALTHCARE: Irvine skincare line at $20M, 55 workers
Irvine-based ZO Skin Health Inc. wants to redirect women from the cosmetic counter to their doctor’s office.
Kaiser Aluminum Corp. in Foothill Ranch and Chicago-based Boeing Co. recently started the largest scrap aluminum recycling program of its kind to date, according to the companies.
Cypress-based Yamaha Motor Corp. USA chose two local ad shops to handle its advertising, ending a three-month review for the national account.
Irvine-based printed circuit board maker Multi-Fineline Electronix Inc. will consolidate its factories in China and close a research and development center in the U.K. as part of a restructuring plan intended to return the company to profitability.
Garth Hogan, Newmark Grubb Knight Frank’s executive managing director of Global Healthcare Services;