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

Way Up In Arts District

Proposal for Luxury Condo Tower to Costa Mesa Planners

The owners of the Avenue of the Arts Wyndham Hotel are moving ahead on plans to build the first high-rise condominium tower in Costa Mesa’s arts district.

Signs of Fresh Start for Fisker

AUTOS: Company circles April 20 amid buzz about new name, model

It appears April 20 will mark another milestone in the tumultuous run of the Fisker brand.

How to Unchain Your Dragon

Apparel Maker’s Ambitions Tied to Costa Mesa HQ, China Production

Dragon Crowd Garment Inc. relocated its headquarters three years ago from downtown Los Angeles to Costa Mesa to be closer to a bunch of OC-based customers, including Oakley Inc., Vans Inc., Quiksilver Inc. and Pacific Sunwear of California Inc.

Broad Range for UCI’s Push on Innovation

EDUCATION: Blueberries to microchips, toothpaste

The $5 million in seed funding that Newport Beach-based Beall Family Foundation provided for the University of California-Irvine’s new Institute for Innovation is bearing commercial fruit.

Panel’s Prediction: Predictive on Rise

Industry Execs Caution on Trade-Off of Privacy

The chief marketing officer of the future could look more like Star Trek’s Captain Kirk than the guys from the “Mad Men” show.

Ad Agencies Top $1 Billion, Led by Gains at Top

Newcomers Help Boost List’s Total, Account for 40%

Orange County’s largest advertising agencies posted an estimated 9% gain in revenue last year, enough to push the group over the $1 billion benchmark.

Printers Reach Beyond Paper, Ink for Revenue Gains

Use of Data to Help Clients Refine Targets One Key

The largest commercial printers based in Orange County combined for $585 million in revenue last year, a 7.5% increase from their total in 2013.

Aitken on Angels; Segerstom Memorial; OC-China Update

Anyone who doubts Wylie Aitken’s will probably hasn’t seen him in a court of law.

Medical Office Project Moves Ahead in NB

REAL ESTATE: Land buy, redesign for Birch Street project

A long-planned medical office development in the Santa Ana Heights area of Newport Beach is moving ahead following a recent sale of the nearly 4½-acre site and a redesign of the proposed project.

Pac Life Offers ‘Swell’ Idea for Younger Investors

FINANCE: ‘Cause-themed’ portfolios include big givers

Pacific Life Insurance Co. has rolled out a research subsidiary that’s targeting younger people with the prospect of adding an element of social consciousness to their portfolios.

Sun’s AVP Inks Deal With NBC

SPORTS: Broadcast, cable streaming part of picture

Donald Sun has inked a new broadcasting deal with NBC Sports Group, ensuring his Costa Mesa-based Association of Volleyball Professionals with a significant chunk of revenue and exposure before players hit the sand next month for the 2015 tour opener in New Orleans.

ReShape Gets Pass on FDA Panel for Obesity Device

HEALTHCARE: Could get final approval for market in June

A San Clemente-based medical device maker cleared a big regulatory hurdle and landed on a faster track to commercialization.

Toshiba Unit in Irvine All Over New Arena in Vegas

MARKETING: Joins Coke as “co-founding partner”

Toshiba America Business Solutions Inc.’s sponsorship of AEG and MGM Resorts International’s $375-million Las Vegas Arena comes with the sort of perks that are in the spotlight lately.

Irvine Firm Buys 35 Pilates Studios

Irvine-based LAG Fit Inc. acquired Club Pilates, a franchised chain of 35 Pilates studios in the U.S. and Australia.

CareTrust REIT Adds Nursing Home

San Clemente-based CareTrust REIT Inc. bought a nursing home in Washington state for $9.1 million.

New Executives at Top for Kia Motors

Kia Motors America Inc. in Irvine named Jang Won Sohn president and chief executive to replace Byung Mo Ahn, who will become a company adviser.

Bella Terra Gets New Ownership

Prudential Real Estate Investors said it acquired a 75% stake in the Bella Terra Shopping Center in Huntington Beach.

ADDENDUM

Other items of interest Orange County Business Journal Vol. 38, No. 15

Quick Bridge Funding LLC, an alternative lender specializing in short-term financing moved its headquarters from Orange to Irvine, taking 17,000 square feet at Market Place Center.

Investors, Developers Drawn to Luxury Spec Homes

See Potential for Big Returns in Luxe Approach

Investors and developers are putting their time and resources into building luxury spec homes along the Southern California coast, from The Strand in Dana Point to the Balboa Peninsula and beyond.

OCBJ Calendar

April 13-22, May 30, 2015

This week's business and other event listings.

Griffin-American Inks $353M Worth of Deals in Q1

Adds 18 Properties Spread Over 11 States

Irvine-based real estate investor Griffin-American Healthcare REIT had a busy first quarter, with $353.7 million worth of acquisitions encompassing 18 healthcare properties in 11 states.

Autobytel Brings ‘Digital Concierge’ to Scion Website

Has Stake in Firm That Developed Technology

Online car shopping does not have to be a solitary experience, according to folks at Autobytel Inc.

Low-Rise Market Hot in Q4 and Getting Hotter

Low-rise office buildings might not get the same amount of attention in the news as the high-rise buildings in Orange County, though they’re a significant part of the office market, accounting for more than half—nearly 55.2 million square feet—of the county’s office space. One can’t ignore the level of recent activity in the low-rise market.

Apple Nears Samsung at Top of Broadcom’s List

Brisk iPhone, Phablet Sales Account for $1.4B

Record sales of the iPhone 6 and 6 Plus helped push Apple Inc. last year to the cusp of overtaking Samsung Electronics Co. as Broadcom Corp.’s largest customer.

LBA Realty Nears Another Office Purchase From Dell

Report of Nashville Deal Follows Buy in Aliso Viejo

Irvine-based LBA Realty is poised for a big investment in Nashville, Tenn., according to reports there.

Real Estate Deals

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

A living trust sold an industrial building in Anaheim to Los Angeles-based Rexford Industrial for $7.7 million, or about $119 per square foot.

OCBJ Calendar

April 6-15, 2025

This week's business and other event listings.

CryoPort Seeks Move to Nasdaq, Warrant Offering

Could Get $34.6 Million for Additional Stability

Lake Forest-based Cryoport Inc. is looking to raise money and shift its stock exchange listing.

NB Film Festival Secures High-End Sponsors

Will Include Fashion Show, Celebration of ‘Diviner’

The Newport Beach Film Festival, scheduled for April 23 to 30, has secured a roster of new high-end sponsors, including Orange County BMW dealerships and Remy Cointreau.

Retail Market Improves in Q4, More Growth Expected

Consumer confidence is pushing retail sales and encouraging retail expansion, resulting in increased Orange County occupancy rates.

Kofax CEO to Help Craft Integration Plan Before Exit

Bish: Will Stay About A Year ‘Out of Respect’

Expect business software maker Kofax Ltd. to maintain its big Irvine presence after its $1 billion sale to Lexmark International Inc. closes, but the clock appears to be ticking on the tenure of its chief executive.

SunCal Back in Development Game in SoCal Region

Buys Arts District Land in LA for Reported $130M

Master developer SunCal Cos. is starting to make big waves in its backyard again.

Real Estate Deals

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

Lucca Investment GP sold an office building in Irvine to Trinity Property Consultants for $8.3 million, or about $196 per square foot.

Pyott’s Play: Cash Out and Carry On; F&M’s New Starter

This week’s Special Issue on OC-based public companies marks a farewell appearance for perennial leader Allergan, which has held the top spot ever since the Business Journal switched its ranking criteria for our annual list from revenue to market cap some years ago.

Brief Stint on Nasdaq Helps Kofax Fetch Premium

TECHNOLOGY: $1B sale comes to 50% premium

Kofax Ltd.’s short stint as a U.S. public company ended with a bang.

Filings Cite Twists, Turns on Way to Pyott’s Payout

HEALTHCARE: Cashes stock for $534M after Allergan sale

David Pyott’s big payout from the sale of Allergan Inc. to Actavis PLC came with twists and turns for both companies and two other drugmakers involved in a deal of their own, according to filings made public last week.

Wet Seal to Emerge Smaller, Private

RETAIL: Will take new corporate name under Mador

Teen retailer Wet Seal Inc. is slated to emerge from Chapter 11 bankruptcy around April 15 as a privately held company with a new corporate moniker—Seal123 Inc.