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

AcuFocus Wants to Grow at Home

Device Maker Seeks FDA Approval, Builds US Sales Force

AcuFocus Inc. is banking on a recent cash infusion and a tiny device implanted in the eye to spur big growth.

Panattoni’s Progress: Industrial Spec Sells

REAL ESTATE: Sales of 4 buildings will lead to new OC jobs

The first batch of for-sale industrial buildings built at Panattoni Development Co.’s Anaheim Concourse project has been snapped up by a pair of out-of-town manufacturers expanding into Orange County.

Apple of Incipio’s Eye

Some 150 Incipio Technologies Inc. employees huddled in the company’s lunchroom last week to watch Apple Inc. announce its newest iPhone models, taking notes and comparing them to what was already leaked online.

HK Billionaire’s OC Connection

Chan, Brother Head Foundation That Gave $350M to Harvard Last Week

You won’t find mention of Orange County in the ongoing talk of the biggest single donation in Harvard University’s history.

Rental Health in Spectrum

St. Joseph Hoag Sets Up at Irvine Company Complex

St. Joseph Hoag Health’s latest building block for the integrated regional care delivery it aims to establish throughout Orange County is the cornerstone of the Irvine Company’s newest idea to bolster the amenities at a couple of its bigger apartment complexes.

Device Maker Jobs Up 2% in 6th Straight Growth Year

34 Companies Employed 16,000+ in Orange County

The 34 largest medical device makers in Orange County experienced 2% job growth during the 12 months ended in August, according to the Business Journal’s annual list.

OC Medical Device Makers Rank High for New Hires

Edwards, Endologix Among Big Gainers on Consultant List

Irvine-based medical device makers Edwards Lifesciences Corp. and Endologix Inc. are vastly different when it comes to revenue and profit, but they both rank among the top 10 hirers in the medical technology field over the past five years, according to a recently released report.

10 Biggest Drugmakers Combine for 1% Job Growth

Allergan Leads the Way With 2,400 Local Workers

Irvine-based Allergan Inc. is the runaway leader on the Business Journal’s annual list of drugmakers based in Orange County or with sizable local operations.

Gridiron at Great Park? Ackman’s Jab; Register Rumor

Multiple sources tell the Insider that the Oakland Raiders have recently looked past downtown L.A. and the City of Industry to entertain the possibility of a move to the Great Park.

Irvine Buy Another Nod to Creative-Office Trend

REAL ESTATE: Menlo gets Pacific Dental HQ on Red Hill

The recently redeveloped Red Hill Avenue building that holds the headquarters of dental-practice manager Pacific Dental Services Inc. in Irvine has been sold to a Silicon Valley-based real estate investor.

Chapman-Based Production Co. Ready for Close-Up

MEDIA: In deal for distribution rights; hits road for film festivals

A movie production company based at Chapman University has produced its first full-length feature film and plans to make three more in the next 12 months in an effort to provide profit for investors and proverbial real-world experience for film school alumni and current students.

Aristotle Capital to Newport Center

Aristotle Capital Management LLC is doubling its office size in Orange County with a move from Irvine to Newport Beach.

Family Feel on Image Update for Shops at Mission Viejo

RETAIL: Food court redo, new kids’ features staples of strategy

The Shops at Mission Viejo has set out to strengthen its appeal as a family-oriented option in a retail market that ranges from high-end South Coast Plaza and Fashion Island to the downtown feel and nighttime draw of the Irvine Spectrum.

Los Alamitos Fast Out of Post-Hollywood Park Gate

SPORTS: Track’s revamp pays off in changed field

Chalk up another win for Los Alamitos Race Course in its efforts to become a permanent home for a bigger take of Southern California’s nomadic thoroughbred circuit since the December closure of 75-year-old Betfair Hollywood Park.

Plant Factory Racks Up $10M in Orders for Tiny Veggies

AGRICULTURE: Venture has plenty of room to grow

How does 16 acres of produce grow in a 5,800-square-foot hall?

Microsemi to Buy Santa Rosa Chipmaker

Aliso Viejo-based Microsemi Corp. announced an agreement to purchase Santa Rosa chipmaker Centellax Inc., which makes high-speed and RF chips and related components for the optical communications and Ethernet data markets.

Ford Exec’s VC Firm Invests in Telogis

Aliso Viejo-based software maker Telogis Inc. secured a strategic investment from a Detroit venture capitalist firm co-founded by William Clay Ford Jr., the executive chairman of Ford Motor Co. and the son of the owner of the Detroit Lions.

Startup Gets $5M, Partners on VR Headset

A Laguna Beach startup that specializes in virtual reality content has raised $5 million from private investors and entered a partnership with Oculus VR Inc. and Samsung in one of the latest developments to hit technology’s hottest emerging consumer segment.

LH Device Maker Gets $35M for Work

Laguna Hills-based Sonendo Inc. said it completed a $35 million round of equity financing.

UCI Business School Makes List

The University of California-Irvine Paul Merage School of Business ranked No. 39 in the country for the best undergraduate business programs, according to U.S. News and World Report.

PHILANTHROPY

The Cystinosis Research Foundation awarded more than $1.5 million to eight research programs in California, Texas, Belgium, New Zealand, India, Switzerland, Italy and France to enable scientists to investigate improved treatments and a cure for cystinosis, a rare metabolic genetic disease that affects about 500 children and young adults in the United States and 2,000 worldwide.

ADDENDUM

Other items of interest Orange County Business Journal Vol. 37, No. 37

Costa Mesa-based Pacific Mercantile Bancorp promoted Robert Sjogren to chief operating officer. He will continue serving as general counsel. Sjorgen previously served as chief risk officer and general counsel of Carpenter & Co., an Irvine-based bank advisory firm. Pacific Mercantile is the parent company of Pacific Mercantile Bank, which is among the largest banks with headquarters in Orange County, with about $1 billion in assets as of June 30.

OCBJ Calendar

Sept. 15-24, 2014

This week's business and other event listings.

Biolase Changes Include Nugent as Permanent CEO

Also Creates Nationwide ‘Commercialization Team’

Irvine-based Biolase Inc. is making moves to build its executive and commercialization teams.

Vizio Gives Away TVs in Football-Themed Promotion

49er’s Touchdowns Earn Sets for Charities

Vizio Inc. has kicked off the football season with a weekly TV set giveaway that also benefits Boys & Girls Clubs of America.

Software Maker, New Cash in Hand, Looks to Hire

SecureAuth Gets $10M In New Venture Round

Irvine-based security software maker SecureAuth Corp. is on a hiring spree after securing another $10 million in venture funding.

real estate deals

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

A group of investors sold the Villa de Hacienda multifamily community in Tustin to a private trust for $16.5 million.

Greater Airport Area Business Brisk

The Greater Airport Area continued to be the most active submarket in the county in the second quarter, accounting for approximately 733,000 square feet of the county’s net absorption.

Brea Land Buy Gives Hines Development Options

$25M Deal Follows $80M Office Purchase in City

Houston-based Hines Interests LP has completed the purchase of land in Brea just off the Orange (57) Freeway where an office complex it recently bought is located.

Urban Decay’s Metro Moves

NB, London Flagships for $200M Brand

Wende Zommir worked her way up from an Elizabeth Arden makeup counter in Texas to cofounding Urban Decay Cosmetics LLC, L’Oréal SA luxury division’s No. 2 brand—second in sales growth only to Lancôme.

Big Mandate on Campus: Health Science Programs

Demographics Dictate Expansions at Several Colleges

A number of Orange County colleges and universities have invested in new health science campuses and programs to tap into trends that include an aging population and changes in the healthcare industry.

Allergan Update: Court Calendar Could Get ‘Pushed Into’ 2015

HEALTHCARE: Santa Ana, Delaware cases scheduled, wrangling continues

That was no end-of-summer lull.

Kaiser Aluminum Beefs Up as Automakers Lose Weight

MANUFACTURING: Shares near all-time high despite soft aerospace

Shares of Kaiser Aluminum Corp. are nearing their prerecession heyday, thanks in part to small-but-growing sales in the automotive sector that have helped the Foothill Ranch-based company power through a stall in its aerospace business.

Contract Electronics Makers’ Job Count Flat Again

Biggest Here Combine For Workforce of 2,728

Local employment growth has evaded Orange County’s largest contract electronics makers for another year, despite a boost in global sales for the industry.

OC’s Gaming Roots Run From Early Versions to VR

Older Firms Programmed Play for Today’s Innovators

Orange County’s influence in the video game industry traces back decades, from trailblazing studios in the early 1980s to today’s innovators of virtual reality.

Long-Anticipated ‘Wasteland’ Game Sequel on Way

Producer Waited 10+ Years To Get Money for Follow-Up

It’s taken Brian Fargo more than a decade to get the band back together for a follow-up release to the smash hit “Wasteland.”

OCBJ Calendar

Sept. 8-17, 2014

This week's business and other event listings.