Orange County Business Journal

OCBJ WEEKLY EDITION

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Black is Back: BlackBerry Relaunches in US With KEYone

Steve Cistulli has delivered this elevator pitch about the BlackBerry KEYone countless times:

By Chris Casacchia June 13, 2017 10:43 a.m. share »
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OC Production ­ Hits Big Time on NBC

An Orange County entrepreneur with zero dance experience has built an international dance empire that’s now on prime-time TV on NBC. And its business model has obtained such a wide reach that others want to emulate it.

By Deirdre Newman June 12, 2017 10:48 a.m. share »

Irvine’s Spectrum Takes Lead in Spec Office Projects

The office market in Irvine around John Wayne Airport was the hub of speculative office development during the last building boom, with four office towers adding 55 floors and about 1.4 million square feet to Orange County’s largest base of high-end buildings between 2007 and 2009.

By Mark Mueller June 12, 2017 midnight share »

New Hotels, Retail Drive Commercial Development

Orange County’s top commercial real estate developers kept busy last year with a host of retail, hotel and office projects, although the number of buildings nearing the finish line was smaller than the previous few years.

By Mark Mueller June 12, 2017 midnight share »

Local Construction Cos. Post Best Year Since 2009

Orange County’s largest commercial construction companies showed no signs of a slowdown in activity last year as a variety of large private and public-sector projects helped push revenues to a post-recession high.

By Mark Mueller June 12, 2017 midnight share »

Black Monday to Thank

In the ‘80s I had the best accounting jobs—Johnson & Johnson sent me at 22 to Cape Town, Hong Kong, and Sydney …

By Pete Weitzner June 12, 2017 midnight share »

Karma’s First Reveros Hit the Road Smoothly

Krishnan Menon had unique plans for the launch of Karma Automotive LLC and its $130,000 hybrid sports car, Revero—he envisioned it as the world’s first invite-only auto brand.

By Mediha DiMartino June 12, 2017 midnight share »

Credit Union Upgrades Image With ‘Crisp’ Message

NuVision Federal Credit Union is trying something new this year—its first brand update in a decade.

By Peter J. Brennan June 12, 2017 midnight share »

Edwards Gets OK To Expand Sapien 3 Use

Edwards Lifesciences Corp. in Irvine received Food and Drug Administration clearance for a mitral valve-in-valve replacement procedure using its Sapien 3—“the first transcatheter heart valve approved in the U.S. for the treatment of both aortic and mitral patients,” according to the regulatory agency.

By Sherry Hsieh June 12, 2017 midnight share »

Alteryx Buys NY Firm, Starts Service

Irvine-based analytics software maker Alteryx Inc. bought a Brooklyn, N.Y. company and debuted a service developed from another recent purchase. Financial terms of its most recent purchase of data software maker Yhat Inc. were undisclosed.

June 12, 2017 midnight share »

In-N-Out, Habit Hold Their Own in Study

A report on fast-casual hamburger chains by 1010data Inc. in New York showed two OC-based operators grinding out a solid middle ground compared with several similar chains.

June 12, 2017 midnight share »

NB Activist Investor Notches Victory

Activist investor Engaged Capital LLC of Newport Beach won its proxy battle against Rent-A-Center Inc. by gaining three seats on its board of directors.

By Peter J. Brennan June 12, 2017 midnight share »

Cybersecurity Startup Takes in $9.5M

Newport Beach startup Obsidian Security raised $9.5 million in Series A funding led by Silicon Valley venture capitalist Greylock Partners.

June 12, 2017 midnight share »

Ties.com Works Its Way Into New Wardrobe Corners

Ties.com wants to be a one-stop shop for the modern man—at least from the waist up.

By Mediha DiMartino June 12, 2017 midnight share »

Wanted: Most Community-Minded Companies for New OCBJ List

Is your company about much more than its bottom line?

June 12, 2017 midnight share »

PHILANTHROPY

More than 430 guests roared their way back to the Jazz Age for a night of flappers and speakeasies to celebrate Pacific Symphony’s gala.

By Kim Haman June 12, 2017 midnight share »

Addendum

Deloitte & Touche LLP named Tim Brandt chief of its Orange County offices, where he’ll oversee 750 employees.

By Hannah Mitchell June 12, 2017 midnight share »

OCBJ Calendar

This week's business and other event listings.

By Dana Truong June 12, 2017 midnight share »

TearClear Device Gathers A-List Ophthalmology Vets

Eye-focused startup TearClear Corp. joined the ranks of ophthalmic device companies in Orange County with quite a calling card.

By Sherry Hsieh June 12, 2017 midnight share »

Stance, New Balance Partnership Crosses Country

Stance Inc. is collaborating with New Balance Athletics Inc. on a series of shoes and socks kits, the first of which pays homage to the companies’ hometowns—San Clemente and Boston.

By Mediha DiMartino June 12, 2017 midnight share »

Atlanta Buy Adds to CT Realty’s Industrial Pipeline

Newport Beach-based CT Realty Investors has bought its second massive industrial development site in less than a month after closing on land in Atlanta.

By Mark Mueller June 12, 2017 midnight share »

Octane Event Draws Record Crowd to Talk Business

Octane’s efforts to boost Orange County’s diverse tech scene were evident as Silicon Valley venture capitalists mingled with local entrepreneurs and executives at the organization’s flagship conference.

By Chris Casacchia June 12, 2017 midnight share »

Real Estate Deals

Vanderford Family Living Trust sold the Casa Elvida Apartments in Buena Park to The Living Oak Trust for $6.2 million, or $229,629 per unit.

June 12, 2017 midnight share »

OC Sees Mini Surge of Crowdfunding Campaigns

Several Orange County startups have recently launched crowdfunding campaigns.

By Deirdre Newman June 12, 2017 midnight share »
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Hospitals, Detox and Rehab

How should dependence on a drug or substance be characterized—a choice or a disease? The latter, as addiction is defined as “a mental illness” that “changes the brain in fundamental ways … resulting [in] compulsive behaviors that override the ability to control impulses despite the consequences,” according to the National Institute on Drug Abuse.

By Sherry Hsieh June 9, 2017 9:52 a.m. share »
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Re-Boost: Cell Carrier Seeks Lost Customers, Mojo

Boost Mobile LLC’s new retail concept and expansion will add a few hundred jobs in Orange County as the low-cost carrier tries to reverse deep customer losses of the last few years.

By Chris Casacchia June 8, 2017 11:09 a.m. share »
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Going Once … OC.com on the Auction Block

A piece of prime local real estate—albeit a virtual one—is up for grabs.

By Mediha DiMartino June 7, 2017 9:46 a.m. share »
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Financial Advisers Seek Unique Marketing

“The Money Guys” squeezed into a radio control room in Costa Mesa one recent weekday to begin a new half-hour show to promote their company, Applied Financial Planning.

By Peter J. Brennan June 6, 2017 9:58 a.m. share »
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Co-Working Landlord Enduring ROC-ky Times

Walk into the Real Office Centers (ROC) portion of The Vine in Irvine, and it’s business as usual. Entrepreneurs and others related to the OC startup ecosystem who lease space from Newport Beach-based ROC in the Irvine Co.-owned building, are either working in the open co-working spaces or private offices. There’s a farmers market in one of the parking areas. Some ROC members are eating outside on the back patio.

By Deirdre Newman June 5, 2017 10:52 a.m. share »

The SEC Rule that Financial Advisers Don’t ‘Like’

How crazy are the regulations for financial advisers?

By Peter J. Brennan June 5, 2017 midnight share »

Wells Fargo Wealth Chief Sees Great Generational Transfer

Even the rich worry about going broke, Christopher Rommel has learned.

By Peter J. Brennan June 5, 2017 midnight share »

Adviser Goes Hollywood With Passive Investment Tips

Investment adviser Mark Hebner wrote a book on personal finance, but he had a hard time getting people to read it.

By Peter J. Brennan June 5, 2017 midnight share »

Financial Advisers Boost Representatives by 2.7%

The combined pool of financial advisers in Orange County grew about 2.7% to 2,022 last year, led by increases at Merrill Lynch, Fidelity Investments and Raymond James Financial Services Inc.

By Peter J. Brennan June 5, 2017 midnight share »

Fond Farewell

I’ll be off to a new challenge—in fine fettle and good for the ride in no small part because of the many lessons I’ve learned in Orange County’s vibrant community of business.

By Jerry Sullivan June 5, 2017 midnight share »

SEC Scrutiny Sinks Wealth Advisers’ Funds

More than two dozen investment fund affiliates of a Laguna Hills-based wealth adviser have filed for bankruptcy amid disclosures that federal and state regulatory authorities are investigating the adviser.

By Mark Mueller June 5, 2017 midnight share »

Chapman Pushes Into Virtual Reality

Students typically go to college to learn from their professors.

By Deirdre Newman June 5, 2017 midnight share »

S. Coast Metro Offices Sell for Nearly $60M

Sandpointe at MacArthur Place, a two-building office site in the South Coast Metro area of Santa Ana, has been sold to a local investor in a deal that looks to be worth nearly $60 million.

By Mark Mueller June 5, 2017 midnight share »