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

Job Well Done

Employees at Best Companies Give Rave Reviews

The businesses featured on this week’s Best Places to Work lists say they commit time and resources to create a productive, enjoyable, and balanced workplace, and according to their employees, their efforts are working.

Quik Fix?

One Foot in France for Surf Label’s Latest Turnaround Plan

Quiksilver Inc. has emerged from a two-year cost-cutting quest as a global company with a streamlined operational structure that straddles the Atlantic Ocean.

Edwards Buys to Build New Class of Heart Valves

HEALTHCARE: Sees big potential in fellow Irvine-based device maker

Edwards Lifesciences Corp. is taking a familiar path to build up its less-invasive heart valve product offerings.

Another Sign of Office Strength: Equity Gets Arden’s OC Portfolio

REAL ESTATE: Blackstone unit to be second biggest landlord here

A division of New York-based Blackstone Group is returning to its position as Orange County’s second largest landlord just as the local market for office space looks to be switching into overdrive.

‘One Firm’ Approach Treats Colleagues Like Clients

Bryan Cave’s Irvine Office Cultivates Mutual Regard

Bryan Cave LLP’s Irvine office projects a sense of elegance mingled with calm.

Builder Earns Employee Loyalty Through Relationships

New Home Co. Starts With Foundation of Camaraderie

Joan Marcus-Colvin’s life irrevocably changed on June 17, 2014, when her husband of 27 years, John, was struck by a car and killed while riding his bicycle near their Laguna Beach home while training for an Ironman Triathlon.

Law Firm Staff Say Evidence Clear It’s Workplace a Gem

Bisnar Chase Cultivates Respect, Appreciation

A plot was brewing at the law office of Bisnar Chase in Newport Beach.

How Best Companies Make Lists

The Business Journal’s Best Places to Work lists are the result of months of surveying workers and managers at local employers.

Lennar Gets Funky; Quik Goes French; About Bus(c)h

Word on the street has Lennar getting “funky” with at least one of its several projects at Beacon Park, the next phase of Great Park Neighborhoods.

Sage North America HQ to Exit Irvine for Atlanta

TECHNOLOGY: Software maker recently consolidated here

Software maker Sage North America is moving its U.S. headquarters from Irvine to Atlanta as part of a global restructuring plan.

Merger Deal Holds TSX Listing for FantasyAces

SPORTS: Founders to keep control with 57.5% stake in site

Aliso Viejo-based startup FantasyAces LLC plans to merge with a company that’s listed on the Toronto Stock Exchange as it seeks capital for its goal of competing at the top level of one of the hottest areas in the entertainment industry.

Feds Keep 500 Jobs in Laguna Niguel

Reston, Va.-based International Technology Solutions Inc. will cut 500 jobs in Laguna Niguel by July 31 due to the pending loss of a contract with the federal government, according to a state filing.

Execs Say Irvine Medtronic Neurovascular Unit Good Fit

HEALTHCARE: Comes as stroke guidelines add device

Life under a new corporate owner has been good for what’s soon to be known as Medtronic Neurovascular in Irvine, its top official says.

Fastest-Growing Private Companies Wanted for List

SPECIAL ISSUE: List will be centerpiece of June 22 edition

The Business Journal is preparing its annual list of privately owned companies for publication in June.

HB Paddle Board Brand Sells for $40M

Stand-up paddle board maker Jimmy Styks LLC in Huntington Beach was acquired by Clearfield, Utah-based Vista Outdoor Inc. in a $40 million, all-cash deal.

Health Incubator Secures New Investor

The Innovation Institute in La Palma, founded with an investment from Irvine-based St. Joseph Health, said the Franciscan Missionaries of Our Lady Health System has become its fourth member and investor.

Rich Uncles REIT Files for IPO

Real estate investment company Rich Uncles LLC is planning an initial public offering that could raise as much as $1 billion for its newly created Rich Uncles REIT Inc.

William Lyon Homes Names Co-CEO

William Lyon Homes promoted Matthew Zaist to the role of co-chief executive officer.

Auction Firm Gets Naismith Center Deal

Laguna Niguel-based SCP Auctions was named the official auction and appraisal partner of the Naismith Memorial Basketball Hall of Fame.

PHILANTHROPY

The Anaheim Ducks, SASCO Electric Inc., and the Honda Center were among the corporate sponsors of the 19th annual Stars & Stripes fishing, golfing and music tournament.

ADDENDUM

Other items of interest Orange County Business Journal Vol. 38, No. 30

Attorneys for former students of Santa Ana-based Corinthian Colleges Inc. are asking a court for permission to file a $2.5 billion claim against the bankrupt former operator of for-profit schools, the Wall Street Journal said.

OCBJ Calendar

July 27-Aug. 5, 2015

This week's business and other event listings.

Griffin-American Goes on 8-State Spending Spree in Q2

Puts Up $311 Million For 18 Senior, Medical Buys

Irvine-based real estate investment trust Griffin-American Healthcare REIT III Inc. recently said it spent $311.3 million on 18 properties in the three months ended June 30.

Volcom Denim Ads Invite Men to Live Unplugged Life

Features Skaters Doing ‘Real Life’ in Its Duds

Costa Mesa-based Volcom Inc. revamped its collection of men’s denim and is promoting the line’s launch with a marketing campaign.

NB Startup Runs Into ‘Hiccups’ With Kickstarter Try

Went Elsewhere After Backers Show Disapproval

A Newport Beach startup has drawn widespread publicity in tech circles for a Kickstarter campaign to bring the world’s smallest Bluetooth headset to market.

Real Estate Deals

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

Unitek Information Systems Inc. and Practical Dental Solutions LLC each signed a lease at 1401 Dove St. in Newport Beach.

Mid-Counties Industrial Market Tighter in Q2

High demand for real estate in the Mid-Counties industrial market continued through the second quarter.

Sares-Regis to Turn Ontario Land Into Mega Project

Seven-Building Site Lands QVC for 1M-SF Deal

Sares-Regis Group plans to turn one of the last big swaths of empty, developable land in Ontario into a major industrial project.

Boardwalk’s Big Leap

Trammell Crow Spec Office Project Set to Add 545,000 SF to Airport Area

Trammell Crow Co. has taken the wraps off the first large, speculative office project expected to break ground in the office market around John Wayne Airport in over seven years.

Craig’s Crescendo

No Skimp in San Clemente: 325,000 SF, 350 Archways for Marblehead Retail

Steven Craig will line up the bargains, but the look and feel of his Outlets at San Clemente Plaza will be anything but cheap.

Gateway Deal Reflects Central OC Rebound

REAL ESTATE: Lincoln Property expected to pay $68 million

Lincoln Property Co. is buying a large office next to Angel Stadium of Anaheim in the latest sign of an improving office market in Central Orange County.

CrowdStrike Seeks Scale In Wake of $100M Round

TECHNOLOGY: Google latest backer for security software maker

Irvine-based security software maker CrowdStrike Inc. aims to embark on an international expansion plan after securing one of the biggest venture capital rounds in Orange County history last week.

Hyundai Capital Sets Sights on Makeover on MacArthur

Firm Uniquely Emphasizes Office Design, Worker Space

Hyundai Capital America is often identified locally in connection with the large, transparent building next to the San Diego (405) Freeway in Irvine known as The Michelson.

Tenant-Improvement Contractors’ Work Gains Slow

Dollar Value Up 16.2% After 29%, 20% Increases

Orange County’s largest tenant-improvement contractors continued their growth trend last year but slowed in all aspects, including local revenue and number of employees.

On Overtime & Innovation; Mall & Anti-Mall

You can hardly get through any conversation about business these days without getting an earful on the importance of the Millennial generation in the workforce and the need to develop leaders.

OC Hotel Market Stays Hot With $126.2M Deal

REAL ESTATE: Local sales add up to $730M so far this year

The 485-room Irvine Marriott Hotel at the Irvine Towers office complex near John Wayne Airport has been sold to a Los Angeles-based institutional investor.

Burnham Adds Office Near JWA to Local Portfolio

REAL ESTATE: Data indicate relative bargain at $264 per SF

Newport Beach-based Burnham-Ward Properties has expanded its hometown office holdings with a property not too far from John Wayne Airport.