Orange County Business Journal

OCBJ WEEKLY EDITION

Buchanan Street Bolsters Portfolio Beyond OC Base

REAL ESTATE: Gets low-rises in SoCal, 10-story Dallas office

Recent deals for three low-rise offices in Southern California capped off an active couple of months for Newport beach-based Buchanan Street Partners, which has also added a 10-story office in Dallas to its portfolio of recent investments.

Wanted: Best Places to Work for OCBJ’s List

CALL FOR ENTRIES: Website set to take entries until March 20

Is your workplace great? We want to know.

Raj Buys Basta Swim, Beachwear Brand

Raj Manufacturing LLC in Tustin acquired Basta Co., a New York-based swim and beachwear brand. The financial details of the deal were not disclosed.

Golden State Plans $40M Alabama Plant

Irvine-based food manufacturer and distributor Golden State Foods Corp. is planning to spend about $40 million to build a meat processing plant in Alabama.

Octane Head Leaves for San Diego

Matthew Jenusaitis will step down as president and chief executive of Aliso Viejo-based Octane to join the University of California San Diego Healthcare System.

New Scholarship Program at Chapman

The Simon Foundations in Newport Beach and Chapman University in Orange plan to offer scholarships to four high school students a year to major in science, technology, engineering and math (STEM) disciplines.

PHILANTHROPY

Top companies in Orange County have pledged their support to OneOC’s Center for Business and Community Partnerships.

ADDENDUM

Other items of interest Orange County Business Journal Vol. 38, No. 8

Irvine-based Mazda North American Operations announced the winners of its 2015 Mazda Gold Cup award—four of them based in Orange County.

OCBJ Calendar

Feb. 23-March 4, 2015

This week's business and other event listings.

Irvine-Based REIT Discusses Probe of Biggest Tenant

HCP Says Nursing Home Operator Cooperating

Executives at Irvine-based HCP Inc. are standing behind their largest tenant, which is being investigated by the Department of Justice and several other federal agencies.

New Oakley Obsession: Athletes Spreading Passion

Campaign Includes ‘Brand Hubs’ in Big Metro Areas

Oakley Inc.’s new agency of record, Eleven in San Francisco, has come up with a new brand campaign for the Foothill Ranch-based action-sports apparel company.

Mid-Counties Industrial Market Notches Strong Q4

The Mid-Counties industrial market saw a 47% increase in year-over-year gross absorption in the fourth quarter, or nearly 2.5 million square feet compared to roughly 1.7 million square feet.

Legal Job Ad Question: Is Vizio Mulling IPO?

Desired Skills Include SEC Filings, Pre-IPO Know-How

Is Irvine-based Vizio Inc. mulling an initial public offering?

Real Estate Deals

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

A private investor sold a 20-unit apartment building in Santa Ana to a limited liability company for $3.9 million, or $196,250 per unit.

Brea Industrial Project Moves Ahead on Imperial

Clarion, Pacific Industrial Buy Site From Greenlaw

Land in Brea that once held an RV storage facility is on the fast track to hold one of the city’s largest new industrial buildings.

New Life for Choice Threads

Former St. John Knits Exec Teams With Tailor to Wealthy

Michael Gray, a former president at family business St. John Knits International Inc. in Irvine, has a new venture on his plate: David August Inc.

Career Path Made Her Incipio’s Pick

‘Rising Star’ Winner Trailblazer in Male-Heavy Field

Ann Fong’s 20-year path to her current role as chief financial officer for Incipio Technologies Inc. has had a few setbacks, to say the least—she was a single mom competing in a male-dominated industry, for starters.

4000 MacArthur Offices Sold to Hines, Oaktree

$100M+ Deal Follows Big Lease for Hyundai Capital

The 4000 MacArthur office complex in Newport Beach has traded hands for more than $100 million, just weeks after the two-building property landed one of the largest tenants on the market.

Burnham Eyes LB For New Retail Project

REAL ESTATE: Buys Douglas Park land from Sares-Regis

Newport Beach-based Burnham USA Equities Inc. has bought nearly 30 acres of land next to Long Beach Airport where it’s planning one of the largest retail projects in the city in years.

Q&A

The wealth management industry is undergoing various changes, ranging from implementation of technology and industry fragmentation to shifting demographics. The Business Journal’s Jane Yu asked Orange County wealth management executives to discuss significant changes they’re anticipating in the near term and how they expect their firms to respond to the changes. Here are edited excerpts of their answers.

Allergan Name Game; Basombrio Gets Big Case; New Year x 3

Don’t know if this is a case of imprecise phrasing or a clue worth considering when it comes to the fate of the 67-year-old Allergan brand.

Gen. Lyon Helps Mission Buy Apartments for Vets

NONPROFITS: Bigger project could follow

The Orange County Rescue Mission is expected to close this week on two four-unit apartment complexes in Tustin for a reported $533,000 as it plans to pursue a bigger land deal this fall, looking to grow the number of beds it provides by one-third, from about 390 to about 520.

Startup Armed With Cash to Develop ‘Novel’ Drug

HEALTHCARE: $22M for blindness prevention medicine

San Juan Capistrano-based startup Allegro Ophthalmic LLC is aiming to take on a major cause of blindness and has an enriched war chest to do it with.

Toba Capital Leads $15M Round in SF

Irvine-based Toba Capital, headed by former Quest Software Inc. Chief Executive Vinny Smith, recently led a $15 million venture capital round for Sauce Labs Inc., a fast-growing provider of cloud-based Web and mobile application testing services.

Vizio Vaulter

CFO Helped Electronics Maker Hit $3.5B in Sales in Tough Market

Kurt Binder knew the books on Vizio Inc. well before he joined the company as vice president and corporate controller in April 2010.

Sunstone CFO Aids REIT’s Reinvention

Aliso Viejo-Based Hotel Investor Sheds Debt, Gains Leverage

Bryan Giglia has helped Sunstone Hotel Investors Inc. complete a corporate makeover as extensive as any redevelopment the company has undertaken for one of its portfolio hotels.

His Fun and Games: Finance

Discovery Cube’s McGee Embraces Age-Old Admonition to ‘Teach and Delight’

What happens when work is fun? Mike McGee knows.

Sharp Eye

Rosolowski Helped Razor USA Grow Rapidly, Create Better Procedures

Larry Rosolowski joined kick scooter maker Razor USA LLC in 2006 when it was still a budding business.

ADDENDUM

Other items of interest Orange County Business Journal Vol. 38, No. 7

OC brands won in nine out of 13 categories at the Aliso Viejo-based Surf Industry Manufacturers Association’s 12th annual Image Awards Thursday at the City National Grove of Anaheim. Winners were:

Wine Rooms Particularly Popular Luxury Amenity

Trulia Review Shows OC Homes Have Most in US

Italian philosopher, astronomer and mathematician Galileo reportedly once said, “Wine is sunlight, held together by water …” —and it appears those who call Orange County home agree with that idea.

OCBJ Calendar

Feb. 16-25, 2015

This week's business and other event listings.

Campaign Celebrates 25 Years of Quiksilver’s Roxy

Lauds ‘Iconic’ Surfers Who Inspired OC Brand

Quiksilver Inc.’s Roxy division is celebrating its silver anniversary by highlighting achievements of its “most iconic” athletes—Lisa Andersen, Kelia Moniz and Stephanie Gilmore—who have collectively won 12 world surfing titles.

High-Rise Market Gets Fourth-Quarter Bump

Orange County’s high-rise market ended the fourth quarter with increased demand, resulting in 436,778 square feet of positive net absorption.

Microsemi Maintains Defense Strength in Rare Deal

Will Resell Rambus IP That Prevents Data Theft

Microsemi Corp.’s latest partnership with Sunnyvale-based Rambus Inc. provides a deeper look into how the company has maintained a strong position in the military and defense markets.

Real Estate Deals

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

Robert and Margaret Balmes Family Trust sold an office building in Orange for $2.4 million, or $217 per square foot, to Gor Mnatsakanyan and Andrew Harper.

Von Karman’s Cluster of Data Centers Could Expand

Menlo Equities Plans To Reconfigure Warehouse

Menlo Equities LLC hasn’t found too much success leasing out its Quintana office campus near John Wayne Airport. But the Palo Alto-based company appears to be seeing strong user interest at an industrial complex it owns next door, thanks to tenants of a different type.

Blue Sky Over JWA

OC-Based Charter Services Catch Recovery’s Tailwind

Charter air service is finding friendly skies over Orange County, where demand for private flights has gained altitude in recent months.