Paris-Based Parent Prods Change at OC Label
Volcom Inc. has outgrown its rebellious stage.
LAW: Recent combination aims for national client roster
Tim Busch and Michael Caspino have a clear growth plan in mind for their newly formed law partnership: make it the go-to firm for cases involving Roman Catholic entities nationwide.
HEALTHCARE: Allergan defenses run deep; CEO not targeted in board ouster
Time, it seems, is on Allergan Inc.’s side. That much started to come clear last week when activist investor Bill Ackman set off a ticking clock in the background of his hostile takeover bid for the Irvine-based drug maker.
FINANCE: Smith’s VC firm backs up talk of fast start, OC investments
Toba Capital, the Irvine-based venture capital firm launched by former Quest Software Inc. Chief Executive Vinny Smith, is on a roll with three recent exits and an initial public offering topping $100 million apiece.
Renovations, New Construction Emphasize Open Design
Look to the lobbies of Orange County’s newest and most recently redesigned hotels to see the hospitality industry’s latest generation of interior design on display.
26 Firms Combine for $677 Million in Revenue Last Year
Orange County’s tenant-improvement industry posted its strongest year in more than a decade last year, buoyed by a spate of new construction work in addition to plenty of renovations at existing properties.
The Insider isn’t ready to make a flat-out prediction but will say this much on the latest turn in the Allergan-Valeant saga: It looks as though David Pyott can play for a tie while his opponents have to win—and do it in regulation time.
EDUCATION: Wells Fargo, reports cite value, $101M debt
Corinthian Colleges Inc.’s selloff of schools and programs and its closing of campuses could bring in as much as $140 million.
APPAREL: Will consolidate distribution to Buena Park
The biggest swimwear maker in the U.S. is getting bigger with an expansion to Buena Park following its latest acquisition.
A Swiss manufacturer has expanded its North American industrial piping systems division in a move from Tustin to Irvine.
RESTAURANTS: Pieology has Yum! vet to lead expansion
Pieology Pizzeria has cooked up ambitious plans to double in size by year-end and has hired a Yum! Brands Inc. veteran to help it get there.
REAL ESTATE: Investor paid $20M for offices in 2010
A two-building office property in Irvine a few blocks from John Wayne Airport has traded hands for $36 million.
Costa Mesa-based El Pollo Loco Holdings Inc. set the terms for its planned initial public offering.
The Orange County Museum of Art said it’s negotiating with a unit of New York-based developer Related Cos. to sell its Newport Center property.
Fullerton-based Marshall B. Ketchum University named Judy Ortiz the first dean of its College of Health Sciences and director of its new School of Physician Assistant Studies.
Irvine-based Oculus VR Inc. canceled some preorders for its Rift VR DK2 headset after finding them for sale on eBay and other ecommerce sites.
ECONOMY: Centerpiece of Sept. 22 Special Report
The Business Journal is producing its annual list of fastest-growing privately held companies, set to appear as the centerpiece of a Special Report in its Sept. 22 issue.
Chicago-based commercial real estate brokerage JLL acquired Cleo Construction Management in San Clemente for an undisclosed amount. Cleo specializes in construction and management of healthcare projects.
Nearly 300 guests donned their best party clothes during a night of Las Vegas-style poker at the Muscular Dystrophy Association’s 19th Annual Gift of Hope Gala on May 31.
Other items of interest Orange County Business Journal Vol. 37, No. 29
Boeing Co. won a Department of Defense contract to design a robotic plane to place satellites in space, according to the Orange County Register.
July 21-30, 2014
This week's business and other event listings.
Auxilio Pays $2.7M for San Clemente Company
Mission Viejo-based Auxilio Inc., a managed print services company serving the healthcare industry, said it is acquiring information security manager Delphiis in San Clemente this month in a $2.7 million cash and stock deal.
New Quiksilver Video Part of ‘Season of Freedom’
Apparel manufacturer Quiksilver Inc. in Huntington Beach has launched a one-minute video, “Loving Lost in Venice.”
Pardo Was Lead Artist On ‘Warcraft,’ ‘Diablo’ Games
Blizzard Entertainment Inc. Creative Director Rob Pardo, a 17-year veteran at the Irvine-based video game maker and lead designer on the “World of Warcraft” and “Diablo” franchises, is leaving the company to embark on a new adventure.
Sales and leases of offices, industrial buildings, retail space and apartments
LNR Partners LLC sold a retail building in Foothill Ranch for $6.6 million to Crown Realty & Development Inc.
Overall activity in the South Orange County commercial market picked up in the first quarter, recording positive net absorption of 176,679 square feet.
$18.5M Buy Comes After $20.4M Tustin Office Deal
Anaheim Hills Office Plaza, one of the largest North Orange County offices built in the last real estate boom, has had another change in ownership.
Office Buys Could Spur Apartments, Tower Project
A big chunk of apartment construction and a new office tower could go up on land next to the Outlets at Orange following the recent sale of two nearby buildings.
APPAREL: Irvine-based Z Supply feeds off challenges of fast-fashion
Forget about the doom-and-gloom projections that women’s retail is boring, merchandising is dead, and Forever 21 killed the category.
HEALTHCARE: Plans some R&D cuts to boost earnings amid takeover battle
Look for Allergan Inc. to start looking different as the takeover battle for the Irvine-based drug maker grinds on.
FINANCE: 10 companies formed foundation of Irvine-based Toba
The foundation of what is now the largest venture capital firm in Orange County tracks back to Vinny Smith’s success in retrieving a chunk of Quest Software in a deal struck nearly a year after its $2.8 billion sale to Dell Inc.
Sheril Liu of ReMax Premier Realty in Irvine put a clear focus on one of the ways the city—with a population a bit under 250,000—punches above its weight.
TECHNOLOGY: Lake Forest company in hot segment
The deep roots of Orange County’s technology sector intersected with one of the industry’s hottest segments in last week’s $140 million sale of Lake Forest-based chipmaker Newport Media Inc.
Some local accounting firm executives say an improving economy, increasingly complex client needs, and heightened regulation are combining to bring them more work, a phenomenon they say will likely require bigger staffs. Meanwhile, technology is becoming more of a crucial element in helping meet the growing workloads. The Business Journal’s Jane Yu recently asked several firms to talk about trends in supply and demand in the industry and about the pace of professionals entering the field, along with how the firms use and invest in information technology. Here are edited excerpts of their responses.
HEALTHCARE: Q4 closing expected for $42.9B deal
Medtronic Inc. is likely to keep its Orange County operations basically intact, even after it wraps up a multibillion-dollar acquisition that could make it one of the top five medical device makers by local employment.
DINING: High-end concept in downtown LA, Santa Monica
Costa Mesa-based restaurant operator King’s Seafood Co. plans to put a minimum of $5 million into an Orange County location of its high-end Water Grill.
Gains Represent Third Year of Local Staff Jumps
Orange County’s top accounting firms combined to grow their local offices by 4%, continuing a run of employment gains for the third straight year.