Irvine-Based North American Operations Chip in for Comeback
Mazda Motor Corp. was digging itself out of a billion-dollar hole when Russell Wager took over as marketing chief at the Japan-based automaker’s North American headquarters in Irvine.
RETAIL: 4th-straight year of growth among biggest here
Orange County’s largest shopping centers have this going for them as the holiday outlook at a lot of mall-based retailers gets shaky: They already have a fourth-straight year of growth under their belts, according to this week’s Business Journal list.
HEALTHCARE: Blackstone Group strikes deal with CVS at 5-year mark
Apria Healthcare Group Inc. has largely flown under the radar since it left Orange County’s public company ranks five years ago.
SERVICES: Materials tester adds third shift, leases building to grow lab
Element Materials Technology, a global materials testing company based in Amsterdam, has made “substantial” investments in its aerospace-focused division in Huntington Beach, increasing its laboratory space and adding a third work shift.
OC INSIDER by Jerry Sullivan
REAL ESTATE: Equity Office could pay close to $100M
Chicago-based Equity Office Management LLC is nearing its third large local investment of the year, this time for a two-building office complex in Santa Ana, according to real estate watchers.
HOSPITALITY: Switch from Hyatt flies independent flag
Irvine Company’s new tack for the former Hyatt Regency Irvine: Raise an independent flag in a bid to win over visitors beyond its established base of corporate customers.
FINANCE: Irvine office helped restructure search firm
Riordan, Lewis & Haden Equity Partners has sold its majority stake in Irvine-based CyberCoders Holdings Inc., a fast-growing recruiting firm, to global professional-services company On Assignment Inc.
MEDIA: Veteran publisher,editor let go in Riverside
Freedom Communications Holdings Inc.’s flagship Orange County Register and its newly acquired Press-Enterprise are sharing most of their upper management, a likely cost-savings measure for the Santa Ana-based media company.
Newport Beach-based private equity firm Windjammer Capital Investors acquired Engineered Controls International LLC in Elon, N.C., on undisclosed terms.
Anaheim-based staffing firm Midcom Corp. was acquired by HKA Enterprises Inc. in Duncan, S.C., on undisclosed terms.
Irvine-based Edwards Lifesciences Corp. appointed Scott Ullem as its new corporate vice president and chief financial officer.
Irvine-based automobile financing company CarFinance Capital LLC completed a sale of $304 million worth of debt backed by a pool of its loans.
REAL ESTATE: Project among biggest in Anaheim in years
A former cement manufacturing plant in Anaheim is on the fast track to be turned into a new industrial property.
Other Brands Still Account for Nearly 3,000 Jobs Here
Anaheim-based Fisker Automotive Inc. led a 5.8% gain in worker counts among local automakers last year as hopes remained high for its hybrid luxury sports car.
Top Franchises in Orange County Combine for $4.3B
The top 34 franchised car dealers in Orange County reported more than $4.3 billion in sales last year, an 11.7% increase that marked the third annual gain in the wake of the recession.
Other items of interest in the Orange County Business Journal, December 9, 2013
Santa Barbara Style Meets the Sea, Design Showcase
LUXURY HOMES Column by Kim Haman
Says Post-Independence Shift Helps Shareholders
Irvine-based Sabra Health Care REIT Inc. continues to make progress on one of its stated goals since becoming an independent company three years ago: spreading its portfolio across a range of operators.
Tech-Savvy 7-Year-Old Featured in Campaign
Irvine-based Vizio Inc. kicked off a new television campaign called “Beautifully Simple” to promote its Vizio M-Series Smart TV and Vizio Sound Bar products.
Leases Space in Knobbe Martens’ High-Rise
Accounting firm Moss Adams LLP will move its Irvine operations one high-rise to the right late next year.
REAL ESTATE WATCH: AIRPORT/CENTRAL COAST AREA
Absorption in the Greater Airport Area office market in the third quarter was 83,307 square feet, compared to 37,956 square feet in the second quarter.
Offer Clients Option to Big Software Makers
An Irvine startup launched by former UST Global Inc. executives is finding early success with big-name companies that need custom software development and Web design.
U.S Arm Has HQ Here, $560M in Sales, Growth Strategy
Fourteen-year-old pianist Valerie Narumi of Yorba Linda will join a couple of other young musicians who each will perform original pieces at the National Association of Music Merchants convention in Anaheim.
TECHNOLOGY: Tests draw top customers; higher margins eyed
A unit of Irvine-based Western Digital Corp. has attracted an impressive list of customers to test a new storage drive that could reshape the industry and fuel a wave of innovation to ease the increasing demands of the data explosion.
RESTAURANTS: Startup that grew from food truck plans 75 units there
Slapfish sells fish so fresh they’ll slap you.
TECHNOLOGY: Software maker will keep listing in London
Irvine-based business software maker Kofax PLC has priced shares for an initial public offering in one of the last requirements before its long-awaited debut on an American exchange.
OC INSIDER by Jerry Sullivan
REAL ESTATE: Institutional investors stay busy in area
Centerstone Plaza, a six-building office and retail complex in Irvine, has traded hands for about $51 million in the latest sizable sale of an Orange County commercial property to a large institutional investor.
HEALTHCARE: Costs were cut, hospital relationships endured
Alliance HealthCare Services Inc.’s new chief executive is settling into the job with some wind at his back, thanks to a big run-up of its shares on Wall Street.
3PL Global LLC, a Carson-based provider of third-party logistics services, is moving its Irvine and Santa Ana operations to Fullerton after signing one of the largest industrial leases in North County in the past few months.
HEALTHCARE: Plans separate operating, real estate companies
The Ensign Group Inc. is shrugging off comparisons to others in its industry as it prepares to split off its operating and real estate businesses into a pair of publicly traded companies.
Combine for 9% revenue jump and 6% employment increase
Orange County’s largest nonprofit organizations grew over a recent 12-month stretch as they combined to increase revenue by 9% to roughly $2.2 billion. Includes the 2013 OC's LARGEST NONPROFITS list for download (pdf)
The former head of a Hilton property in Huntington Beach will lead operations of the newly renamed Hotel Irvine Jamboree Center.
Irvine-based beverage company True Drinks Holdings Inc. raised $5.2 million through a sale of convertible preferred stock.
Santa Ana-based securities services firm Universal Protection Service acquired IPC International Corp. in Bannockburn, Ill., on undisclosed terms.