OCBJ WEEKLY EDITION
Data Storage, Products Businesses Stand to Benefit
The much-anticipated joint venture between Western Digital Corp. and China-based electronics manufacturer Unisplendour Corp. Ltd. is up and running a little more than a year after the agreement was first struck.
Stem Cell Pioneer Sets Sights on Ovarian Cancer
Hans Keirstead has gotten his band back together—and now he has a date.
REAL ESTATE: Deal largest for sector in West OC this year
The largest office campus in Cypress has sold to a big New York-based investor.
REAL ESTATE: Takes 1 of 2 spec buildings on Sand Canyon
The new Silicon Valley-based owner of QLogic Corp. is moving the networking products maker’s local operations from Aliso Viejo to an office building under construction in the Irvine Spectrum.
Word on the street says Paul Musco has racked up a win with Tesla’s operation in Europe.
EDUCATION: Aims to meld studies of economics, humanities
Chapman University President Daniele Struppa has taken the fundraising torch from Jim Doti, securing a recent $15 million gift that will allow Chapman University to establish the Smith Institute for Political Economy and Philosophy.
HOSPITALITY: Firm taps trends, finds deals for owners
Twenty Four Seven Hotels in Newport Beach closes a year of 50% growth with two management deals in Palm Desert and a third in Northern California.
REAL ESTATE: LBA makes 26-acre campus buy for $65M
The U.S. operations of Japan-based Toshiba Corp. should maintain a sizeable presence in Irvine following the sale of the company’s main local campus in the city, real estate sources say.
Edwards Lifesciences Corp. in Irvine will buy Valtech Cardio Ltd in Or Yehuda, Israel, for $340 million in a cash and stock deal expected to close early next year.
Advantage Solutions, an Irvine-based provider of sales, marketing, merchandising and digital technology services to packaged goods manufacturers and retailers, bought a consumer marketing firm in Chicago on undisclosed terms.
The gaming accessories unit of Fountain Valley-based Kingston Technology Co. will sponsor one of the world’s top “Street Fighter” players.
Foothill Ranch housing lender LoanDepot LLC on undisclosed terms bought Closing USA LLC and will buy American Coast Title Co.
Volunteers Increase 10%, Staff Up 4% at 93 Groups
Orange County’s nonprofit organizations continued to grow revenue in the past year as more OC residents requested their services.
Chefs, Owners Branch Out; Plus Fifi on Water Grill
More changes and circulating stories in the industry.
Other items of interest Orange County Business Journal Vol. 39, No. 49
Pacific Investment Management Co. in Newport Beach agreed to pay $20 million in penalties, fees and interest to the Securities and Exchange Commission to settle charges that it misled investors about one of its funds.
.30-Acre Parcel In Laguna for $14.8M
Orange County’s most expensive communities are concentrated along the water.
Aims to Launch Second App for NICUs in 2017
Irvine-based mobile medical apps developer Rapid Healthcare Inc. received an undisclosed amount of funding from Watermark Venture Capital in Newport Beach.
Sock Maker Debuts Duds For Men, Women, Kids
Stance Inc. in San Clemente is collaborating with Disney Consumer Products Inc. on a men’s, women’s and kids collection featuring Minnie Mouse, Mickey Mouse, Pluto, Donald Duck, and Goofy.
Dec. 5-14, 2016
This week's business and other event listings.
ChargeTech Blew Past Initial Goal for Portable
Costa Mesa-company ChargeTech raised 2,675% of its fundraising goal on crowdfunding platform Indiegogo, taking in more than $802,000 after setting an initial goal of $30,000 for PLUG, which it says is the first portable battery pack that has two AC wall outlets.
To Supply Patient Monitors For Military, Civilian Use
Irvine-based Nihon Kohden America Inc. has been awarded a $35.3 million one-year contract by the Department of Defense to supply patient monitoring equipment.
Sales and leases of offices, industrial buildings, retail space and apartments
Bryan E. Nash Living Trust sold a 0.55-acre commercial propery in Anaheim to Adam A. Nasry for $1.1 million, or about $2 million per acre.
Increase for 165 Units Follows 2 Deals, 5 Years
The 165-unit Vio Apartments complex in Tustin has sold for the third time in five years in what looks to be a big markup in price from its last two sales.
Leads $39M Round to Join Early Investors Carrick, Toba
Irvine-based Mavenlink Inc. is scouting new headquarters in Irvine to accommodate a hiring push in the wake of raising $39 million from lead backer Goldman Sachs.
Flagship Status Yields Increases in Funding, Membership
PBS SoCal KOCE is in the process of moving the last piece of its operations out of Golden West College, where it aired its first broadcast in 1972, as part of a plan to transfer its technical equipment to Los Angeles.
AUTOS: Irvine HQ takes new shape after trim of 100 staffers
Chief Executive Masahiro Moro’s vision to transform Mazda North American Operations from an automaker “that just sells cars to a company that delivers a great experience” has taken its next steps following staff cutbacks and a restructuring at its headquarters in Irvine.
REAL ESTATE: Warehouse buy latest break from creative offices
Bixby Land Co., one of the area’s most active developers of creative-office space, is putting more of its money into Orange County’s industrial market.
Anyone else hear about a longshot push for Big Canyon resident A.G. Kawamura as Secretary of Agriculture in the pending Trump Administration?
HEALTHCARE: Veteran pharma exec envisions investment ‘hub’
Doug Ingram is on to the next thing.
HEALTHCARE: NB-based chain shifts to collaborations
Newport Beach-based Integrated Oncology Network Holdings’ treatment center in Beverly Hills will be fully incorporated into Cedars-Sinai Medical Center, a nonprofit 886-bed academic medical center in Los Angeles.
A leading amusement industry group has established a memorial scholarship fund to honor Al Weber, who founded and led Apex Parks Group LLC in Aliso Viejo until his death on Nov. 8.
Los Angeles-based American Apparel LLC said a $66 million bankruptcy sale to Gildan Activewear Inc. could help it stave off a round of layoffs, including of 332 workers at its dye house in Garden Grove.
California State University-Fullerton’s Mihaylo College of Business and Economics will launch an investment management center with a private grand opening on Dec. 2 that will recognize a $1.5 million gift from alumnus Jeffrey Van Harte, chairperson and chief investment officer of San Francisco-based Jackson Square Partners LLC.
Nine University of California-Irvine researchers were named fellows of the American Association for the Advancement of Science.
Allegro Ophthalmics LLC in San Juan Capistrano appointed Bill Link to its board.
Nonprofit group Project Access honored Mazda at its 11th Annual Keys to Success Gala and fundraiser amid a collection of timeless automobiles at Crevier Classic Cars in Costa Mesa.
Other items of interest Orange County Business Journal Vol. 39, No. 48
Santa Ana College’s International Business Program received the Responding to Globalization award on Nov. 17 at the Orange County Business Council’s sixth annual Turning Red Tape Into Red Carpet Awards.