Orange County Business Journal


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

Flag is Up for 5.11

Nascar Deal Part of Apparel Maker’s Race for Growth

5.11 Tactical is in for a wild ride.

Executives With Endurance

Company Leaders Use Skills on Marathon Route

Cary Hyden, chairman of law firm Latham & Watkins LLP’s corporate department, had been working around the clock for 18 days on an initial public offering when he paused to travel to the New Orleans Rock ‘n’ Roll Marathon.

Questcor Expected to Stay After $5.6B Sale

HEALTHCARE: Anaheim company to continue operations as own unit

It appears that the local operations of Questcor Pharmaceuticals Inc. would remain intact in the wake of Mallinckrodt PLC’s $5.6 billion proposed buyout of the Anaheim-based drug maker—the largest deal so far in what’s shaping up to be a busy year for mergers and acquisitions involving Orange County-based companies.

Company Fuels Growth on Nuclear Energy Waste

SERVICES: WWII leavings, disasters give it valuable foothold

A little-known Irvine company that played a key role in stabilizing a contaminated nuclear power plant in Japan after the earthquake and tsunami three years ago is hunting for more acquisitions to capitalize on a stream of new opportunities.

Big Data Can Be Game Changer With Help

MARKETING: More companies seek analysis to pinpoint messages

The advertising world was much simpler in the 1800s, when industry pioneer John Wanamaker famously said, “Half the money I spend on advertising is wasted; the trouble is I don’t know which half.”

Can OC Cash Carry Kashkari? LT’s High-Low Split

The so-called smart money says Jerry Brown is unbeatable

Allergan Additions Expected Near Irvine Campus

REAL ESTATE: Said close on buys of 2 buildings for 68,500 SF

Allergan Inc. is nearing a deal to buy a pair of office properties across the street from its headquarters in Irvine, according to real estate sources.

New Arrival Aims to Grow on OC Lifesciences Sectors

SERVICES: Sets engineering, construction base in Irvine

IPS-Integrated Project Services Inc., a multinational engineering and construction firm, is betting on Orange County’s host of medical device and drug makers to stir business opportunities and provide a base for its West Coast expansion.

New Private Equity Firm Raises $10M

Recently formed private equity firm Lotus Innovations LLC has raised $10 million for its first fund, which focuses on early-stage information technology companies.

Healthcare Startup to Move Into Lakeshore Towers

REAL ESTATE: Alphaeon’s plan counts on cash-pay lines

Alphaeon Corp., a startup lifestyle healthcare company that’s gotten notice as a potential candidate for an initial public offering later this year, has signed a deal to move its growing operations to the Lakeshore Towers office complex in Irvine.

Apartment Boom Helped Fuel Opus Bank’s Rise

FINANCE: Biggest in assets gives details in IPO filing

Add Irvine-based Opus Bank to the list of local landlords, developers, land owners and other companies benefiting from the red-hot apartment market of recent years.

Advantage Sales to Go on Auction Block?

The parent of Irvine-based Advantage Sales & Marketing was looking into a sale of the company in a deal that could range from $3 billion to $4 billion, according to a Reuters report.

Aliso Viejo Device Maker Gets $20M

Aliso Viejo-based medical device maker Sequent Medical Inc. raised $20 million in venture capital funding.

Vans President Promoted, Adds Duties

The parent of Cypress-based Vans Inc. promoted the skate shoe company’s president.

Clean-Tech Company Raises $9.2 Million

Irvine-based clean technology company Newlight Technologies, which converts greenhouse gases into plastics, has raised $9.2 million in its latest funding round.

ADDENDUM--Week of April 14, 2014

Boeing Co. is adding about 1,000 engineering positions in Seal Beach and Long Beach in the next two years as part of a companywide consolidation plan to meet the global demand for new aircraft production and related support. The hires are part of an effort to centralize its commercial airline support program at the Boeing Commercial Airplanes Engineering Design Center that stretches across the two coastal cities. Some of the positions will be moved from the Seattle area, and some will be filled by Boeing employees who stand to be affected by the upcoming closure of the C-17 program in Long Beach. There also will be some new hires, including recent college graduates, according to Boeing.

PHILANTHROPY -- Week of April 14

The Juvenile Diabetes Research Foundation hosted its annual JDRF Dream Gala, “Let’s Misbehave!”, on March 29 at the St. Regis Monarch Beach Resort in Dana Point. More than 500 of Orange County’s leading business executives, philanthropists and donors raised more than $1 million net for diabetes research.

Ad Agencies’ Revenues Up 5.7% on Client Spending

Top Agency With $57.9M, Jobs Up 4.4% to 1,713

Orange County’s advertising agencies posted an estimated 5.7% gain in revenue last year as clients opened their wallets on marketing budgets.

Commercial Printers Grow Revenue 4% to $558.7M

Top of List Little Changed, Mergers in Bottom Half

Orange County-based commercial printers brought in $558.7 million in revenue last year, a 3.9% increase over 2012, according to this week’s Business Journal list.

OCBJ calendar

This week's business and other event listings.

Behr TV Spots Tout Marquee Paint Brand as Premium

Ads Promote Marquee Paint as Quick Application

Behr Process Corp. in Santa Ana is running a new 30-second TV spot, “Upstairs/Downstairs,” to promote its Marquee Interior Paint & Primer.

Edwards Gets European Clearance for Heart Valve

Says More Can Get Less Invasive Procedure Now

Irvine-based Edwards Lifesciences Corp.’s run of good news continued this month.

Space Tech Expo Draws OC Contingent for LB Run

Aerospace Electronics Show Full of Opportunities

Several Orange County technology companies drummed up new business leads and met with key customers at the world’s only expo dedicated to onboard aerospace electronics.

real estate deals

Speech Pathology Associates Inc. signed a lease renewal and extension at 4010 Barranca Parkway in Irvine.

Mid-Counties Industrial Market Picks Up Steam in Fourth Quarter

Fourth-quarter gross activity for the Mid-Counties industrial market was nearly 1.7 million square feet, a 2.5% increase over the 1,637,496 square feet recorded in the fourth quarter of 2012.

Placentia Infill Home Site Approved, Goes to Market

HQT Homes Planned 78 Houses at Former Farm

Schaner Ranch, an 8-acre infill site in Placentia recently approved for home development, is on the sales block.

Top Public Cos. Total $134B on 18.7% Gain in Market Cap

ECONOMY: Allergan No. 1 again; Western Digital adds $9.6B

Orange County’s largest publicly traded companies combined for a cool $20 billion boost to their market valuations over the past year, thanks to strong gains by Allergan Inc. and Western Digital Corp., the largest representatives of the local healthcare and technology sectors.

Pyott’s Place: Not Big Pharma

CEO: Cash-Pay Lines, Less Bureaucracy Set Allergan Apart

Call Allergan Inc. the biggest publicly traded company in Orange County. Just don’t call it “Big Pharma.”

Ingram Micro’s Step to Next Level Located Behind the Scenes

CIO Charged With Marrying Tech Backbone, New Business Lines

Ingram Micro Inc.’s push into higher-margin business lines, namely mobility and the cloud, were spearheaded by Chief Executive Alain Monie, who took over the top post more than two years ago.

CSUF Index: Outlook About Flat for Q2

ECONOMY: Continues to ease off all-time high notched last year

Orange County business owners and executives enter the second quarter with a virtually unchanged outlook on the economy, according to the latest quarterly index of business expectations published by the Mihaylo College of Business and Economics at California State University-Fullerton.

Quiksilver Aims for Addition by Subtraction

APPAREL: Rethinks retail strategy, product development under Mooney

Ripping off Band-Aids. That’s what Quiksilver Inc. Chief Executive Andy Mooney has been doing since taking the helm on a turnaround bid at the Huntington Beach-based action- sports apparel maker and retailer.

Taco Bell Breakfast Menu Ads Co-Opt Rival’s Mascot

Social Media Spat With McDonald’s Continues

Taco Bell Corp. is making sure its waffle tacos and 12 other new menu items are getting noticed, giving its breakfast rollout the “largest advertising campaign to date” and keeping up a social media skirmish with the granddaddy of all fast-food chains.

Regulators Accept Avanir’s New-Drug Application

AVP-825 Drug-Device Combo to Treat Migraines

Aliso Viejo-based Avanir Pharmaceuticals Inc. wrapped up last month in a busy fashion.

Analysts in Holding Pattern on Facebook’s Oculus Buy

Prescient Move or Fateful Bet on Virtual Reality?

Wall Street appears to be taking a wait-and-see approach on Facebook Inc.’s $2 billion cash and stock buy of Irvine startup Oculus VR Inc.

CDM, South Coast Metro Sales Come at High Price

Retail Properties Bring $520 Per SF and Higher

A pair of smaller-sized retail properties in Corona del Mar and Santa Ana have changed hands at eye-catching prices.

UCI Search Light on OC Influence?

The advisory committee appointed by UC System President Janet Napolitano to help find a replacement for UC Irvine Chancellor Michael Drake looks light on ties to the larger OC community—business or otherwise.

El Pollo Loco Looks to Have Right Recipe for IPO

DINING: Would be 3rd chain— 1st with profits—to file this year

Are El Pollo Loco Inc.’s private equity parents cooking up an initial public offering after two years of retooling the business?