Orange County Business Journal


St. Regis Shares Renovation Specifics

St. Regis Monarch Beach Resort in Dana Point offered details on its planned renovation of some public areas of the property.

Santa Ana Software Maker Names CEO

Technology industry veteran Joe Bergera was named chief executive of Iteris Inc., a Santa Ana-based data provider and traffic management software maker.

Buy Sends Tustin Engineering Firm to LA

Tustin-based electrical engineering firm R.E. Wall and Associates Inc. was acquired by Morrow Meadows Corp. in Los Angeles.


Other items of interest Orange County Business Journal Vol. 38, No. 39

The Disneyland Resort in Anaheim could benefit from an investment Burbank-based parent Walt Disney Co. has made in a virtual reality filmmaker.

Newport Beach Led Way on Luxury’s Summer Sizzle

50 Homes Sold; Priciest Goes For $17.5M

Summer sizzled in the Orange County luxury market, with 50 transactions above $4 million closing between June 15 and Sept. 15.

OCBJ Calendar

Sept. 28-Oct. 7, 2015

This week's business and other event listings.

GE Healthcare Veteran Joins Medical Device Maker

Brings ‘Deep Experience’ Of Leading Big Businesses

Irvine-based device maker Endologix Inc. recently appointed Vaseem Mahboob as its new chief financial officer.

Casanova Pendrill Calls for Traffic Safety Evolution

Agency Highlights Theme in Placements

Casanova Pendrill’s newest installment of pro bono work for the National Highway Traffic Safety Administration pays homage to the evolutionary illustration “March of Progress.”

Airport Area Industrial Market Has Strong Second Quarter

The overall Greater Airport Area industrial real estate market performed well in the second quarter, a showing that’s projected to continue moving into the latter part of the year.

KBS Realty Doubles Up in Downtown San Jose

$150 Million Office Buy Would Be 2nd Since 2014

An affiliate of Newport Beach-based KBS Realty Advisors is under contract to buy one of the more prominent office complexes in downtown San Jose.

Microsemi Aboard NASA Spacecraft for Pluto Mission

Space Unit Targets Niches In Mission-Critical Work

Aliso Viejo-based chipmaker Microsemi Corp. has supplied several key components on NASA’s New Horizons spacecraft, which was sent in part to study Pluto in a mission launched nearly a decade ago from Cape Canaveral Air Force Station in Florida.

Real Estate Deals

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

Computer networking company QLogic Corp. sold an office building in Aliso Viejo to Kelemen Caamano Investments for $8 million, or about $235 per square foot.

Fastest Growers Prove Efficient

Fewer Companies, More Jobs in All 3 Categories

The number of entries on this week’s Business Journal lists of fastest-growing private companies based in Orange County is down by about 10% from a year ago.

Rehab Specialist Lands Top Spot

Solid Landings No. 1 Among Largest Companies

Costa Mesa-based Solid Landings Behavioral Health Inc. is riding a wave of increased coverage prompted by healthcare reform to big revenue growth.

Marketing Arm Grows With Hotel Trade in Irvine

HOSPITALITY: Boost in store for improvement-district coffers

Irvine’s growing role as a hospitality hub will bring its own reward to hotels in the city.

Albertsons Plans 200,000-SF Addition in Irvine

REAL ESTATE: Puts 170 acres at two LA County sites on block

Grocery chain Albertsons Cos. is looking to expand the size of its already-formidable distribution center holdings in Orange County and shed some big industrial properties it owns in Los Angeles County and Oregon.

Large Companies, Big Gains

Revenue Rises 30% to $16B; Jobs Up 48% to 12,241

The biggest of the fastest-growing private companies in Orange County combined to boost revenue by 30% over the past two years to an estimated $15.7 billion.

More Than Middling Performance

Midsize Companies Make Up Nearly Half of Total, Take in $2.4B

The 71 fastest-growing private companies in Orange County with revenues between $10 million and $99.9 million combined to grow their top line by 84% over two years for an estimated $2.4 billion.

Small Companies, Big Increase

65 Combine for 94% Gain on Revenue

The 65 companies featured on this week’s list of fastest-growing small private companies based in Orange County can claim a big achievement on a collective basis: They’ve combined to nearly double revenue over the past two years to an estimated $310 million.

Stump Speech for Pyott? Carter Backs Kiani’s Cause

David Pyott was his sharp-witted self and then some at last week’s British American Business Awards at the Hotel Irvine.

LBA Nabs 18-Acre Campus in Anaheim Canyon

REAL ESTATE: Plans to lease 2 of 3 buildings back to AT&T

LBA Realty, fresh off a big financing deal for its Park Place mixed-use campus in Irvine, has snapped up an 18-acre property in Anaheim from AT&T Inc.

Ingram Opts for ‘Diverse, Interconnected’ Software

TECHNOLOGY: Distribution giant abandons general overhaul

Ingram Micro Inc. has scrapped a global software overhaul launched seven years ago in an effort to improve flexibility as the distribution giant’s business model evolves.

Griffin-American Teams Up for Buy

HEALTHCARE: In line for 70% stake in $1.1 billion deal

Irvine-based Griffin-American Health Care REIT III Inc. is getting into the senior healthcare operating business.

J-Squared Away

Started With Faculty Housing at Pepperdine, Developing Government Niche

Santa Ana-based J-Squared General Contractors Inc. started in owner Jeff Clark’s North Tustin home in 2013 after a falling-out with his previous employer.

E-Commerce, Cloud Fuel Seta’s Skyrocket Designation Opens More Doors

A big push into e-commerce and a partnership with the world’s largest online retailer has helped Irvine-based Seta International’s top line skyrocket in the past few years.

Irvine Battery Maker Raises $30M

Irvine-based startup Enevate Corp. has raised $30 million in a Series B funding round and has plans to start production of its lithium batteries.

Incipio Buys Apple Supplier in IE

Incipio Technologies Inc. in Irvine acquired Chino-based Incase Designs Corp., a maker of bags and accessories for Apple products, on undisclosed terms.

McCarthy New Boss of Asics America

Asics America Corp. in Irvine has hired Gene McCarthy as its new chief executive to replace Kevin Wulff, who will retire at the end of the year.

Chinese Buyer for Radiology Provider

Alliance HealthCare Services Inc. in Newport Beach said last week that Fujian Thai Hot Investment Co. will buy 5.5 million shares of its stock for $102.5 million and become its majority shareholder.


R.D. Olson Construction, based in Irvine, built its first Habitat for Humanity home on Aug. 28.


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

John Krafcik, former chief executive of Fountain Valley-based Hyundai Motor America Inc. plans to join Google Inc. later this month to lead the technology company’s self-driving car project.

OCBJ Calendar

Sept. 21-30, 2015

This week's business and other event listings.

Allergan Licenses Rights of Erectile Dysfunction Cream

Includes $1M Upfront, $1.5M Milestone Payments

Allergan PLC, whose eye drug and Botox hubs are located in Irvine, is stepping away from an erectile dysfunction cream that’s under development.

Hyundai’s New Marketing Play: Official NFL Sponsor

Campaign to Showcase Passion for Football, Cars

Hyundai Motor America Inc. kicked off the 96th season of the NFL with its own game-day marketing play as the official automotive sponsor.

Hiring Push for Cloud Software Startup in Aliso Viejo

Company Looks to Nearly Double Work Force to 90

Aliso Viejo-based startup Verismic Software Inc. is on a hiring push as more companies look to offload IT management services via the cloud.

Real Estate Deals

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

Cie Digital Labs signed a five-year lease for its new location at 19900 MacArthur Blvd. in Irvine. The company was based in Long Beach prior to its move.

R&D Market Tight, Competitive in Second Quarter

The research and development market in Orange County had positive absorption of 253,100 square feet in the second quarter.