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

How Fast Is $18.7 Billion?

$5.5B Gain in 2 Years for 174 Fastest Growers Based in OC

There’s no shortage of numbers available to put some punch into this week’s coverage of the fastest-growing private companies based in Orange County.

Wilson’s Twin Waves

Rides Hot Market, Acquisitions Toward $2B in Sales

David Wilson knows a good market when he sees one.

View of Allergan as Buyer Revived

HEALTHCARE: Pyott says no rush for deal ahead of Dec. 18 meeting

Potential deals are once again taking center stage as Irvine-based Allergan Inc. continues its fight to keep its independence.

Oracle Tower Outlook Nears $100 Million

REAL ESTATE: 12-story office likely to set benchmark in JWA area

One of the better-known office buildings in the area around John Wayne Airport is up for sale and expected to fetch a price approaching $100 million, according to real estate sources.

Boeing Shifts on Sales of Seal Beach Buildings

MANUFACTURING: Once pegged for cost cuts, now home of new hires

Boeing Co.’s new Seal Beach support center for commercial airline customers reflects a significant change in plans for the Chicago-based aerospace giant’s sprawling real estate holdings along Orange County’s coastline.

Conditions Drove Contractor’s Meteoric Trajectory

Driver Urban’s Revenue Jumped 25,402% to $131.3M

Driver Urban had three things working for it in 2012 when it spun off from a large construction company—it entered the marketplace at the right time, at the right price, and with the right expertise.

Growth By Design

Alternative Lender Translates Conditions Into 2,236% Revenue Jump

Growth for Quick Bridge Funding LLC was fast but not too fast.

Serial Entrepreneur Went Big With Equipment Rentals

BigRentz.com on 1,268% Growth Spurt to $15M

Starting BigRentz.com was a no-brainer for Chief Executive Dallas Imbimbo.

Little Big List

$4.3B Revenue Increase Spread Over 13 Largest Fast Growers

Far fewer but much bigger. That’s one way to sum up the biggest of the fastest-growing private companies based in Orange County—13 companies that combined for $16.1 billion in revenue, a 37% jump.

Midmarket Movers

73 Companies Combine for $2.2 Billion in Revenue

The 73 fastest-growing private companies in Orange County with revenues between $10 million and $100 million collectively grew their combined top line by 76.1% over the past two years to $2.2 billion.

Double Time

Companies Under $10M Mark on Revenue Combine for 100% Jump

The fastest-growing companies in Orange County with revenues of less than $10 million combined to nearly double their sales over the past two years to $399 million.

AcuFocus Wants to Grow at Home

Device Maker Seeks FDA Approval, Builds US Sales Force

AcuFocus Inc. is banking on a recent cash infusion and a tiny device implanted in the eye to spur big growth.

Panattoni’s Progress: Industrial Spec Sells

REAL ESTATE: Sales of 4 buildings will lead to new OC jobs

The first batch of for-sale industrial buildings built at Panattoni Development Co.’s Anaheim Concourse project has been snapped up by a pair of out-of-town manufacturers expanding into Orange County.

Apple of Incipio’s Eye

Some 150 Incipio Technologies Inc. employees huddled in the company’s lunchroom last week to watch Apple Inc. announce its newest iPhone models, taking notes and comparing them to what was already leaked online.

HK Billionaire’s OC Connection

Chan, Brother Head Foundation That Gave $350M to Harvard Last Week

You won’t find mention of Orange County in the ongoing talk of the biggest single donation in Harvard University’s history.

Rental Health in Spectrum

St. Joseph Hoag Sets Up at Irvine Company Complex

St. Joseph Hoag Health’s latest building block for the integrated regional care delivery it aims to establish throughout Orange County is the cornerstone of the Irvine Company’s newest idea to bolster the amenities at a couple of its bigger apartment complexes.

Device Maker Jobs Up 2% in 6th Straight Growth Year

34 Companies Employed 16,000+ in Orange County

The 34 largest medical device makers in Orange County experienced 2% job growth during the 12 months ended in August, according to the Business Journal’s annual list.

OC Medical Device Makers Rank High for New Hires

Edwards, Endologix Among Big Gainers on Consultant List

Irvine-based medical device makers Edwards Lifesciences Corp. and Endologix Inc. are vastly different when it comes to revenue and profit, but they both rank among the top 10 hirers in the medical technology field over the past five years, according to a recently released report.

10 Biggest Drugmakers Combine for 1% Job Growth

Allergan Leads the Way With 2,400 Local Workers

Irvine-based Allergan Inc. is the runaway leader on the Business Journal’s annual list of drugmakers based in Orange County or with sizable local operations.

Gridiron at Great Park? Ackman’s Jab; Register Rumor

Multiple sources tell the Insider that the Oakland Raiders have recently looked past downtown L.A. and the City of Industry to entertain the possibility of a move to the Great Park.

Irvine Buy Another Nod to Creative-Office Trend

REAL ESTATE: Menlo gets Pacific Dental HQ on Red Hill

The recently redeveloped Red Hill Avenue building that holds the headquarters of dental-practice manager Pacific Dental Services Inc. in Irvine has been sold to a Silicon Valley-based real estate investor.

Chapman-Based Production Co. Ready for Close-Up

MEDIA: In deal for distribution rights; hits road for film festivals

A movie production company based at Chapman University has produced its first full-length feature film and plans to make three more in the next 12 months in an effort to provide profit for investors and proverbial real-world experience for film school alumni and current students.

Aristotle Capital to Newport Center

Aristotle Capital Management LLC is doubling its office size in Orange County with a move from Irvine to Newport Beach.

Family Feel on Image Update for Shops at Mission Viejo

RETAIL: Food court redo, new kids’ features staples of strategy

The Shops at Mission Viejo has set out to strengthen its appeal as a family-oriented option in a retail market that ranges from high-end South Coast Plaza and Fashion Island to the downtown feel and nighttime draw of the Irvine Spectrum.

Los Alamitos Fast Out of Post-Hollywood Park Gate

SPORTS: Track’s revamp pays off in changed field

Chalk up another win for Los Alamitos Race Course in its efforts to become a permanent home for a bigger take of Southern California’s nomadic thoroughbred circuit since the December closure of 75-year-old Betfair Hollywood Park.

Plant Factory Racks Up $10M in Orders for Tiny Veggies

AGRICULTURE: Venture has plenty of room to grow

How does 16 acres of produce grow in a 5,800-square-foot hall?

Microsemi to Buy Santa Rosa Chipmaker

Aliso Viejo-based Microsemi Corp. announced an agreement to purchase Santa Rosa chipmaker Centellax Inc., which makes high-speed and RF chips and related components for the optical communications and Ethernet data markets.

Ford Exec’s VC Firm Invests in Telogis

Aliso Viejo-based software maker Telogis Inc. secured a strategic investment from a Detroit venture capitalist firm co-founded by William Clay Ford Jr., the executive chairman of Ford Motor Co. and the son of the owner of the Detroit Lions.

Startup Gets $5M, Partners on VR Headset

A Laguna Beach startup that specializes in virtual reality content has raised $5 million from private investors and entered a partnership with Oculus VR Inc. and Samsung in one of the latest developments to hit technology’s hottest emerging consumer segment.

LH Device Maker Gets $35M for Work

Laguna Hills-based Sonendo Inc. said it completed a $35 million round of equity financing.

UCI Business School Makes List

The University of California-Irvine Paul Merage School of Business ranked No. 39 in the country for the best undergraduate business programs, according to U.S. News and World Report.

PHILANTHROPY

The Cystinosis Research Foundation awarded more than $1.5 million to eight research programs in California, Texas, Belgium, New Zealand, India, Switzerland, Italy and France to enable scientists to investigate improved treatments and a cure for cystinosis, a rare metabolic genetic disease that affects about 500 children and young adults in the United States and 2,000 worldwide.

ADDENDUM

Other items of interest Orange County Business Journal Vol. 37, No. 37

Costa Mesa-based Pacific Mercantile Bancorp promoted Robert Sjogren to chief operating officer. He will continue serving as general counsel. Sjorgen previously served as chief risk officer and general counsel of Carpenter & Co., an Irvine-based bank advisory firm. Pacific Mercantile is the parent company of Pacific Mercantile Bank, which is among the largest banks with headquarters in Orange County, with about $1 billion in assets as of June 30.

OCBJ Calendar

Sept. 15-24, 2014

This week's business and other event listings.

Biolase Changes Include Nugent as Permanent CEO

Also Creates Nationwide ‘Commercialization Team’

Irvine-based Biolase Inc. is making moves to build its executive and commercialization teams.

Vizio Gives Away TVs in Football-Themed Promotion

49er’s Touchdowns Earn Sets for Charities

Vizio Inc. has kicked off the football season with a weekly TV set giveaway that also benefits Boys & Girls Clubs of America.

Software Maker, New Cash in Hand, Looks to Hire

SecureAuth Gets $10M In New Venture Round

Irvine-based security software maker SecureAuth Corp. is on a hiring spree after securing another $10 million in venture funding.