OCBJ WEEKLY EDITION
HEALTHCARE: Latest FDA trial, manufacturing set to start here
What could be the most advanced attempt to bring stem cell treatments to the market could start any day now in Orange County.
AUTOS: Chinese billionaire vows to restart stalled luxury hybrid brand
About 140 employees at Fisker Automotive and Technologies Group LLC are packed in a conference room to meet the man behind the automaker’s comeback bid.
REAL ESTATE: Park Place lease could bring sale of Santa Ana HQ
Ingram Micro Inc., Orange County’s largest company by sales, is expected to move its headquarters from Santa Ana to Irvine after signing a large office lease at the Park Place mixed-use campus.
Orange County’s hotel and resort properties have spawned an industry of local companies that help with everything from purchasing and Pinterest to mints on the pillow.
Office, For-Sale Projects Eyed Alongside More Apartments
The development of the Platinum Triangle area in Anaheim is entering its second decade, and the 820-acre swath of land around Angel Stadium remains poised to be a hub of apartment construction.
Offices Could Join 1,600 Planned Apartments
Nearly 30 acres along a busy stretch of Jamboree Road in Irvine have sold over the past few weeks or are expected to soon, with plans for apartment and office development expected to start on the sites.
The Orange County office market, building on an already-successful 2014, is gaining momentum through the turn of the year.
The Orange County industrial market was tight throughout most of 2014, a sign that the region is in need of a significant amount of new construction and development projects on top of its current 253 million or so square feet.
The L.A. Times plucked its latest big hire from the OC Register’s backyard, tapping UCI grad and Monarch Beach resident Don Reis as chief revenue officer.
REAL ESATE: Too Faced adds space amid reports of sale
Too Faced Cosmetics LLC, an Irvine-based cosmetics company that’s said to be considering a sale, has inked a lease for a much larger headquarters in its hometown.
FINANCE: NB-based firm busy with small-stake strategy
Newport Beach-based investment firm Kodiak Capital Group LLC is off to a busy start this year with several deals on the books and plans to consolidate its East Coast operations in Orange County in coming months.
THE LIST: Blizzard buyout tipped field’s total
The biggest foreign-owned companies in Orange County employ just more than 27,000 workers here, a decrease of about 1% from a year earlier.
HOSPITALITY: High-end resorts compare well with LA, SD
A couple of annual rankings and ratings of hotels, resorts and restaurants provide some fresh perspective on Orange County’s hospitality trade, which shows up strongest at the highest end when compared with neighbors to the north and south.
Lake Forest-based Del Taco LLC said it will begin franchising in New Jersey, its first restaurants in the Northeast.
Santa Ana College and Cypress College were named to a list of 15 community colleges in the state that can offer four-year college degrees, according to the California Community Colleges chancellor’s office.
Newport Beach-based Alliant Insurance Services Inc. agreed to pay about $300 million to acquire QBE US Agencies, the U.S. operations of Sydney, Australia-based QBE Insurance Group Ltd.
Irvine-based Standard Pacific Corp. is the lone locally based homebuilder tapped to build homes at Beacon Park, the second community planned for Great Park Neighborhoods.
CALL FOR ENTRIES: Website set to take entries until March 20
Is your workplace great? We want to know.
Wells Fargo gave $100,000 to the Illumination Foundation to support local workforce development and job creation.
Other items of interest Orange County Business Journal Vol. 38, No. 4
San Clemente-based automotive customer service firm DealerSocket Inc. acquired DealerFire, a Web design and digital marketing firm based in Oshkosh, Wis., on undisclosed terms.
Industry Leaders Monitor Debate Over Hated Levy
A new Congress is in session, and one of its first actions took up a top goal of the medical device industry in Orange County and elsewhere: the repeal of a federal tax on companies’ revenues.
Smartphone Case Maker Bets on ‘Extra Time’
Two Orange County-based advertisers are coughing up $4.4 million each for a 30-second Super Bowl 2015 spot—one a veteran of the big game and another making its first appearance.
This week's business and other event listings.
Verys Now Has About 50 Workers in OC, Dallas
Startup Verys is on a hot streak, landing a deal with Disney ABC Television Network to build its internal marketing management system.
Sales and leases of offices, industrial buildings, retail space and apartments
Turner Real Estate Fund II LP sold an office building in Newport Beach to The Halpern Group for $9 million, or $297.42 per square foot.
Silicon Valley Portfolio Now Tops 4 Million SF
Irvine Company has made another pricey office investment in the Silicon Valley city of Santa Clara.
Institute Hosts Event On Helping Efforts Succeed
The La Palma-based Innovation Institute, a provider of business services and products and investment management services to health systems, is taking a broad role in championing its cause.
Spot Takes Aim at Curved TVs, Their Drawbacks
Vizio Inc. is taking a stab at its competitors’ curved TV sets with a new ad for “anti-curved glasses.”
Anyone else take note of some particularly colorful words that turned up in a story about Pimco in the Dec. 15 issue of the Wall Street Journal?
SPORTS: Founder keeps stake, gets support for expansion
Kayak Distribution Inc. has acquired San Clemente-based paddleboard company Corran SUP in a bid to complement its outdoor-adventure offerings with a product for a growth segment of the market.
NONPROFITS: At Operation Christmas Child’s Western hub
Nearly a million Christmas stories are just beginning from a run-of-the-mill warehouse in Huntington Beach.
Lake Forest-based Apria Healthcare Group Inc. is up for sale, according to an industry website.
Speculative development isn’t a dirty word anymore for area commercial real estate developers.
Local financial industry professionals are banking on an improving U.S. economy that could feed business growth here.
2015 holds the potential for some game changers in Orange County’s diverse technological landscape.
Local hotels had steady increases in occupancies and room rates this year, reflecting national upward trends as the industry continued to climb out of post-recession declines.
Orange County’s healthcare sector marks the beginning of a new era in 2015—one that no longer features Allergan Inc. as a locally based company.