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

Gavin’s Other Big Idea

Environmental Outfit Started By Allergan Founder Wants Global Brand

Scott Wilson says he still suffers from sleepless nights as chief executive of Regenesis, a privately held maker of environmental decontamination products in San Clemente.

Speedo's Splash

New Line Launches in Time to Catch Buzz of Summer Olympics

It’s not your mother’s aqua aerobics, but both of you are welcome to join in.

Caltrans to Leave Irvine for New Santa Ana Digs

REAL ESTATE: 130,000-SF lease fills out State Fund building

The California Department of Transportation is moving its local operations from Irvine to Santa Ana after signing one of the largest new office leases reported in Orange County so far this year.

Edison Plugs Into OC Startup Scene

ECONOMY: New unit of SCE parent in search of permanent HQ

Orange County will play a prominent role as the home field of Edison Energy Group, recently established by one of the world’s largest electricity producers as a launch pad of sorts, with specializations in consulting, engineering and solar-energy installations.

$630M Bet Makes Bascom Biggest Landlord in Vegas

REAL ESTATE: Irvine-based investor adds 4,918 units at 15 complexes

Irvine-based apartment investor Bascom Group LLC has made the largest acquisition in its 20-year history, landing a nearly 5,000-unit portfolio of rental properties in and around Las Vegas.

Entrepreneurial Chef Builds Local Culinary Empire

International Fare Draws Clients Wherever He Goes

Chef Azmin Ghahreman, founder and owner of Sapphire Laguna restaurant on Pacific Coast Highway in Laguna Beach, will be spending the next couple of months at patient-monitor maker Masimo Corp., tweaking the new cafeteria-style restaurant he opened at the company’s headquarters in Irvine.

Franchise Finance Phase Often Done Nontraditionally

Newer Loan Programs Join Loved Ones’ Help

A.J. Jafrey, founder and owner of Scoops N’ Scoops in Irvine, already had many of the elements needed to operate a franchise. He’d worked in a few franchises that his extended family owns, and he has an entrepreneurial education.

SBA Lending Up By Number of Deals, Dollar Value

$225M Provided, Up 31%, In 440 Loans, Up 16%

Small-business lending in Orange County continued to grow in recent months, based on this week’s Business Journal ranking.

OneOC Luncheon Adds Spice to Nonprofit Menu

Last week’s annual OneOC Spirit of Volunteerism Awards luncheon at the Disneyland Hotel added humor, insight and style to the standard heartwarming fare of the nonprofit circuit, giving the crowd of more than 1,000 a mix that felt fresh as it highlighted the extraordinary levels of support the community of business provides nonprofit organizations that serve Orange County …

Anaheim Group in Deal for 500 Subways in Texas

RESTAURANTS: Total to top 1,200 for family venture

Marwaha Group Inc. in Anaheim bought 500 Subway sandwich shops in six counties in the Houston market.

Real Mex Thinks Pink in Bid to Lure Younger Diners

RESTAURANTS: Mexican specialist adds cheeky brand

A taco-and-tequila specialist with rock ’n’ roll credentials and a spot on the Sunset Strip has joined the ranks of Mexican-themed, casual dining chains run by Cypress-based Real Mex Restaurants Inc.

OC-Based Brands In NBA’s Upper Tier

A couple of big consumer brands based in Irvine were among the top national television advertisers during the National Basketball Association’s 2015-16 regular season.

Drug Distributor Reorganizes in Face of Cash Crunch

HEALTHCARE: New exec, overhead cuts for Praxsyn

Irvine-based drug distributor Praxsyn Corp. is reorganizing its operations as it copes with what it calls “a substantial working capital deficit.”

Private Companies Wanted for Annual List

SPECIAL ISSUE: list will be centerpiece of June 20 edition

The Business Journal is preparing its annual list of privately owned companies for publication in June.

Broadcom Presence May Shrink More With IoT Sale

New Owner Didn’t See Value Of Growth Technology Sector

Broadcom Ltd.’s operation in Irvine is likely to shed more employees after the chipmaker sold its Internet of Things business last week for $550 million to Cypress Semiconductor Corp. in San Jose.

Quality Systems to Trim 6% of Its Jobs

Irvine-based Quality Systems Inc. will cut 150 jobs, or about 6% of its U.S. workforce, as part of an operational realignment.

UCI Law Creates Civil Justice Institute

The University of California-Irvine School of Law launched a Civil Justice Research Institute to explore how to make the U.S. civil justice system more accessible.

Mitsubishi Says US Cars’ Data Accurate

Cypress-based Mitsubishi Motors North America Inc. said the fuel economy data for its 2013 to 2017 models sold in the U.S. is accurate and unaffected by the testing irregularities its Japan-based parent revealed late last month.

Irvine Tech Firm Raises $5.4 Million

Irvine-based Levyx Inc. closed $5.4 million in Series A funding. It develops technology to cut costs associated with applications for big data—amounts of information so large or complex that they overwhelm traditional data-processing applications.

South County Gains in the Gastronomic Department

South County is getting more sophisticated on the dining front.

South County is getting more sophisticated on the dining front.

ADDENDUM

Other items of interest Orange County Business Journal Vol. 39, No.18

Midlothian, Texas-based Ennis Inc. said it plans to sell Alstyle Apparel LLC in Anaheim to the newly formed Alstyle Operations LLC for $76 million in cash and $12 million to cover a 60-month equipment lease.

Newport Coast, Laguna See Big Jumps in $10M+ Sales

Make US Listing of Elite Cities, Including Aspen

The Luxury Market Report released April 7 by Coldwell Banker Previews International found that Newport Coast and Laguna Beach experienced big increases last year in sales in the $10 million-plus category.

OCBJ Calendar

May 2-11, 2016

This week's business and other event listings.

Sabra Outlines Planned Auction of Fort Worth Tenant

Aims to Use Proceeds To Pay on Revolving Credit

Irvine-based Sabra Health Care REIT Inc. continues its march toward the denouement of its long-running challenge with a major tenant.

‘The Voice’ Contestant Pays Her Dues Selling Boots

Chain Takes Advantage Of On-Air Banter

Boot Barn Inc. in Irvine recently hired country music star Kelsea Ballerini as the face of women’s apparel brand Shyanne, but the real buzz is coming from its employee who is competing on NBC’s “The Voice.”

Virtual Reality Gets a Slow Start Despite Buildup

’16 Forecast Lowered Due To Glitches, Other Factors

The bumpy rollout of virtual reality headsets has led to some lower sales projections this year as the emerging technology has failed to match the hype in the early going.

Real Estate Deals

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

Newport Beach-based developer and operator of hospitality-related assets T2 Development renewed its lease at 2151 S. Dupont Drive in Anaheim on undisclosed terms.

Retail Has 3rd Quarter of Occupancy Gains in a Row

The Orange County retail market had a strong start to the year with improvements recorded in nearly every sector.

Harrah Eyes Office Conversion, Hotel in Santa Ana

Plans Come Amid $34M Buy Near Register

"Big Mike” Harrah doesn’t do small when it comes to development plans in Santa Ana.

Environmental Car Wash Cleans Up Pitch Competition

No-Water Service Now Looks for Headquarters

A Gardena-based startup providing an on-demand car wash service swept the competition at the Get Started OC business pitch competition on April 20, hosted by Irvine-based Cox Business and New York City-based Inc. magazine.

Déjà Vu All Over Again for Register? Levine Meets Flanagan

You might want to think again if you think the situation over at the Register is settled under new owner Digital First Media. DFM is ultimately owned by N.Y.-based hedge fund Alden Global Capital, which gives no signs of a long-term interest in the publishing business.

CapRock Adds Anaheim Office Park to Portfolio

REAL ESTATE: $30M buy as firm wraps up Tustin project

An Irvine-based commercial real estate firm with a growing investment and development pipeline in Southern California has made its largest-ever acquisition in Orange County, picking up an office park in Anaheim.

Long Arm of the Law Extends its Reach Robotically

TECHNOLOGY: Firm showed phone-breaking tool to top cops

A low-profile company that’s involved in some of the nation’s top forensic investigations is testing a robotic arm to unlock the most common mobile phones used in crimes.

Edison Pins Growth Plans on Irvine Group

ENERGY: Nonregulated lines focus on resource management

Edison International’s bid for new markets and revenue will be conducted from Irvine.

Ingredient Could Put Firm in Antiaging Sweet Spot

MANUFACTURING: Sales up as ChromaDex makes deals

Irvine-based ChromaDex Corp. is like a surfer on the cusp of a huge wave. Its surfboard is its lead ingredient, Niagen, and the wave is what’s known as the “geroscience” market, which targets the relationship between aging and age-related disease.

Employment Agencies Grow Top Line on Flat Volume

Tight Worker Supply Brings Creative Challenge

Orange County employment agencies had solid revenue gains last year while placing essentially the same number of workers—a sign, they say, of an uptick in demand to find new workers for clients in their bread-and-butter businesses.

Battery Recharge Conundrum Cracked?

University of California-Irvine researchers have invented a unique kind of battery material that they contend can be recharged hundreds of thousands of times.