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

Port Discord Starts to Seep Into OC

ECONOMY: Inventories, air shipments help blunt effects so far

Most Orange County-based companies that rely on seaborne shipments have so far managed to work around the labor dispute that’s jamming West Coast ports.

Quality’s New Quantity

Adoption of Electronic Medical Records Prompts Diversification at Software Maker

Quality Systems Inc. has gone from darling to diversification, and the shift in gears looks to be giving the Irvine-based medical software maker and its shares a shot in the arm.

Vans Looks to Asia for Next Chapter of Growth

APPAREL: Expects to near $3 billion in sales by 2017

Kevin Bailey’s goals for Vans Inc. seem quite ambitious.

Sales of New Homes Reach 10-Year High

REAL ESTATE: Top builders in area combine to top 4,000 mark in 2014

More than $3.5 billion was spent on new homes in Orange County last year as the area’s busiest builders reported the most sales here in a decade.

Mastering the Plan: Share Sales Rise for OC’s Big Three

Irvine Ranch, Pavilion Park, RMV Counter Nat’l Trend

Sales at Orange County’s best-selling masterplanned residential developments showed no signs of slowing last year and are poised for more growth this year, despite a cooling trend across much of the country.

Infill Projects Keep Big and Small Builders Busy

Less Risk, Fast Sales Appeal to Publicly Traded Firms

Orange County’s largest masterplanned developments are driving a bulk of the recent new-home sales in the region, but plenty of builders are also finding success buying land for residential projects off the beaten path.

Pyott’s Victory Lap; New at Modo Mio; Just-Right Joyce

You heard it here first back in November, when the Insider picked up on vibes that Actavis PLC might take the Allergan name once it got its deal for the Irvine-based drugmaker done.

Allergan Brand Equity Seen as Key to Top Billing

HEALTHCARE: Name better known than buyer in $71B deal

Actavis PLC’s recent decision to take on the name and ticker symbol of Allergan Inc. after it completes its $70 billion acquisition of the Irvine-based drugmaker next month brought plaudits from the local business community, where the move was hailed as a worthy acknowledgment and good business sense.

Menlo Buys $60M+ of Offices in South County

REAL ESTATE: Four offices total 365,000 square feet

Menlo Equities LLC has added four more offices to its already sizable holdings in Foothill Ranch and Lake Forest, in a pair of acquisitions valued at more than $60 million.

Pizza Chain Adds Fast-Casual Version

San Clemente-based Oggi’s Pizza and Brewing Co. plans to mine the fast-casual trend as it also expands its full-service restaurants.

Harvard Makes Case Study of Hoag Orthopedic Institute

HEALTHCARE: Reform key context for research, report

How is the 5-year-old joint venture between nonprofit Hoag Memorial Hospital Presbyterian and a pair of doctors’ groups going?

For-Profit Hospitals Steady in Wake of Federal Reform

HEALTHCARE: Continued role seen for group

Nonprofit hospital affiliations and network creation in the wake of federal healthcare reform have dominated Orange County’s hospital headlines in recent months.

Buchanan Street Bolsters Portfolio Beyond OC Base

REAL ESTATE: Gets low-rises in SoCal, 10-story Dallas office

Recent deals for three low-rise offices in Southern California capped off an active couple of months for Newport beach-based Buchanan Street Partners, which has also added a 10-story office in Dallas to its portfolio of recent investments.

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.

Raj Buys Basta Swim, Beachwear Brand

Raj Manufacturing LLC in Tustin acquired Basta Co., a New York-based swim and beachwear brand. The financial details of the deal were not disclosed.

Golden State Plans $40M Alabama Plant

Irvine-based food manufacturer and distributor Golden State Foods Corp. is planning to spend about $40 million to build a meat processing plant in Alabama.

Octane Head Leaves for San Diego

Matthew Jenusaitis will step down as president and chief executive of Aliso Viejo-based Octane to join the University of California San Diego Healthcare System.

New Scholarship Program at Chapman

The Simon Foundations in Newport Beach and Chapman University in Orange plan to offer scholarships to four high school students a year to major in science, technology, engineering and math (STEM) disciplines.

PHILANTHROPY

Top companies in Orange County have pledged their support to OneOC’s Center for Business and Community Partnerships.

ADDENDUM

Other items of interest Orange County Business Journal Vol. 38, No. 8

Irvine-based Mazda North American Operations announced the winners of its 2015 Mazda Gold Cup award—four of them based in Orange County.

OCBJ Calendar

Feb. 23-March 4, 2015

This week's business and other event listings.

Irvine-Based REIT Discusses Probe of Biggest Tenant

HCP Says Nursing Home Operator Cooperating

Executives at Irvine-based HCP Inc. are standing behind their largest tenant, which is being investigated by the Department of Justice and several other federal agencies.

New Oakley Obsession: Athletes Spreading Passion

Campaign Includes ‘Brand Hubs’ in Big Metro Areas

Oakley Inc.’s new agency of record, Eleven in San Francisco, has come up with a new brand campaign for the Foothill Ranch-based action-sports apparel company.

Mid-Counties Industrial Market Notches Strong Q4

The Mid-Counties industrial market saw a 47% increase in year-over-year gross absorption in the fourth quarter, or nearly 2.5 million square feet compared to roughly 1.7 million square feet.

Legal Job Ad Question: Is Vizio Mulling IPO?

Desired Skills Include SEC Filings, Pre-IPO Know-How

Is Irvine-based Vizio Inc. mulling an initial public offering?

Real Estate Deals

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

A private investor sold a 20-unit apartment building in Santa Ana to a limited liability company for $3.9 million, or $196,250 per unit.

Brea Industrial Project Moves Ahead on Imperial

Clarion, Pacific Industrial Buy Site From Greenlaw

Land in Brea that once held an RV storage facility is on the fast track to hold one of the city’s largest new industrial buildings.

New Life for Choice Threads

Former St. John Knits Exec Teams With Tailor to Wealthy

Michael Gray, a former president at family business St. John Knits International Inc. in Irvine, has a new venture on his plate: David August Inc.

Career Path Made Her Incipio’s Pick

‘Rising Star’ Winner Trailblazer in Male-Heavy Field

Ann Fong’s 20-year path to her current role as chief financial officer for Incipio Technologies Inc. has had a few setbacks, to say the least—she was a single mom competing in a male-dominated industry, for starters.

4000 MacArthur Offices Sold to Hines, Oaktree

$100M+ Deal Follows Big Lease for Hyundai Capital

The 4000 MacArthur office complex in Newport Beach has traded hands for more than $100 million, just weeks after the two-building property landed one of the largest tenants on the market.

Burnham Eyes LB For New Retail Project

REAL ESTATE: Buys Douglas Park land from Sares-Regis

Newport Beach-based Burnham USA Equities Inc. has bought nearly 30 acres of land next to Long Beach Airport where it’s planning one of the largest retail projects in the city in years.

Q&A

The wealth management industry is undergoing various changes, ranging from implementation of technology and industry fragmentation to shifting demographics. The Business Journal’s Jane Yu asked Orange County wealth management executives to discuss significant changes they’re anticipating in the near term and how they expect their firms to respond to the changes. Here are edited excerpts of their answers.

Allergan Name Game; Basombrio Gets Big Case; New Year x 3

Don’t know if this is a case of imprecise phrasing or a clue worth considering when it comes to the fate of the 67-year-old Allergan brand.

Gen. Lyon Helps Mission Buy Apartments for Vets

NONPROFITS: Bigger project could follow

The Orange County Rescue Mission is expected to close this week on two four-unit apartment complexes in Tustin for a reported $533,000 as it plans to pursue a bigger land deal this fall, looking to grow the number of beds it provides by one-third, from about 390 to about 520.

Startup Armed With Cash to Develop ‘Novel’ Drug

HEALTHCARE: $22M for blindness prevention medicine

San Juan Capistrano-based startup Allegro Ophthalmic LLC is aiming to take on a major cause of blindness and has an enriched war chest to do it with.

Toba Capital Leads $15M Round in SF

Irvine-based Toba Capital, headed by former Quest Software Inc. Chief Executive Vinny Smith, recently led a $15 million venture capital round for Sauce Labs Inc., a fast-growing provider of cloud-based Web and mobile application testing services.

Vizio Vaulter

CFO Helped Electronics Maker Hit $3.5B in Sales in Tough Market

Kurt Binder knew the books on Vizio Inc. well before he joined the company as vice president and corporate controller in April 2010.