Orange County Business Journal


Karma Lands BMW Deal for Components

Costa Mesa-based Karma Automotive notched a deal to integrate BMW components into its vehicles.

Habit Holders to Sell 5.75M Shares for $138M

Shareholders of Habit Restaurants Inc. plan to sell up to 5.75 million shares for an estimated $137.7 million, a Securities and Exchange Commission filing shows.

Saunders Touts Innovation Amid Allergan-Pfizer Chatter

HEALTHCARE: Also talks up leadership on aesthetics

Brent Saunders, chief executive and architect of the “new” Allergan PLC, stayed on the go during a visit to Orange County earlier this month.


Affordable Housing Access Inc. was the main sponsor of the Project Access 10th annual Keys to Success Gala: Start Small, Dream Big.


Other items of interest Orange County Business Journal Vol. 38, No. 46

Marshall B. Ketchum University in Fullerton said Edward Fisher will be dean of its new College of Pharmacy, effective Jan. 4.

OCBJ Calendar

Nov. 16-21, 2015

This week's business and other event listings.

ICU Medical Looks to Increase Lucrative OEM Work

Manufacture of Parts For Others ‘Outperformed’

Making parts for other manufacturers is paying off for San Clemente-based ICU Medical Inc.

Webinar Software Provider Adds App-Connecting Tech

AnyMeeting Customers Can Sync With Other Tools

Web conferencing and webinar software company AnyMeeting Inc. in Huntington Beach is using Sunnyvale-based Zapier Inc.’s technology to help customers connect its products to popular business apps, including Salesforce, HubSpot, Constant Contact, Eventbrite, LinkedIn, and more than 400 others.

Blizzard Game Favorite Headed for the Big Screen

‘Warcraft’ Movie to Debut In Theaters Next June

The long-awaited release of the movie version of flagship Blizzard Entertainment Inc.’s franchise game “Warcraft” will hit movie theaters in June.

Real Estate Deals

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

The Gudzunas family sold Villa Park Professional Center to NOENA Real Estate LLC for $3.9 million, or about $294 per square foot.

Western Realco Buys 2nd Fullerton Development Site

8 Acres a Few Blocks From Former Beckman HQ

Western Realco has added another property in Fullerton—and another site with ties to medical testing company Beckman Coulter Inc.—to its industrial development pipeline.

Central, North OC Office Markets Strengthen

The Central and North Orange County office submarkets have traditionally trailed the Greater Airport Area and South Orange County office submarkets in terms of vacancy, average asking lease rates, and space absorption.

Bankruptcy Auction Likely to Reveal Register’s Real Value

Filings Indicate Operating Profits Amid Turmoil

Freedom Communications Inc.’s Chapter 11 bankruptcy filing reveals an outfit that’s burdened with debt and court judgments—well short of the assets needed to satisfy a legion of creditors.

Harrah Sees ‘Whole Package’ in Register Parent’s Turmoil

Developer Part of BK Bid, Could Try Again on Last of Publisher’s Land

Developer Mike Harrah said he remains interested in buying 14.3 acres surrounding the headquarters of the Orange County Register despite an earlier deal for the land falling apart and the newspaper’s parent company’s latest complications.

OC Office Development Gets Serious on Spec for '16

2.5M SF in Works Approaches Prerecession Pace

Developers are taking a much more varied approach to projects planned for Orange County’s office market next year than during the area’s last building boom.

Hyundai Breaks Out With Luxury Line

AUTOS: Genesis division to share headquarters here

Hyundai Motor America Inc. plans to break out of the pack of Orange County-based auto brands with the launch of a stand-alone division of premium vehicles named after its Genesis luxury sedan.

Honor Flight Gives WWII Vets Wings

Breitling, Other Business Backers, Help Fund Trips to Memorial in DC

A crowd of about 350 friends, relatives, and supporters holding signs and waving miniature American flags waited in anticipation as the plane taxied to the gate at LAX. A banner bearing the words, “Welcome Home, Heroes!” claimed center stage.

Freedom Rings From OC to Boston; Pyott Proves Prescient

What do OC and Boston have in common?

VidCon Adds Gaming for 2016 Show in Anaheim

HOSPITALITY: Online video confab to spill over to Marriott

An annual fan fest and business confab for the online video industry at the Anaheim Convention Center has confirmed its 2016 dates and announced plans to add a gaming component to its schedule, according to the show’s Twitter account and an online trade journal.

Chapman U. Gallery in R.D. Olson’s Curriculum

CONSTRUCTION: Builder looks to downshift on hotel work

R.D. Olson Construction is rejiggering its outlook as it renovates an Old Town Orange building into an art museum for Chapman University.

Texas Mortgage Firm To Pacific Arts Plaza

REAL ESTATE: Pacific Union to consolidate local offices

Irvine Company has found a tenant for one of its largest empty blocks of office space in the area around John Wayne Airport.

Chipmakers End Streak of Cuts Amid Combinations

Boost Employment Bases By 4%; None Drop Jobs

The largest chipmakers in Orange County added jobs in the past year amid a wave of industry consolidation that included four companies with local operations.

PIMCO’s Cupps Announces Retirement

Wendy Cupps, global head of product management at Pacific Investment Management Co., announced plans to retire at year’s end.

PennySaver Plans Online Comeback

PennySaver will resurface as an online-only publication in the near future, according to officials of MonetizeMore, a Victoria, Canada-based company that purchased the PennySaverUSA domains and other intellectual property in a bankruptcy auction on Sept. 23. MonetizeMore, founded in 2010, calls itself an ad optimization company.

LoanDepot Reveals Details of Its IPO

LoanDepot Inc. outlined details of its initial public offering, which appears to value the company at about $2.5 billion.

Irvine IT Provider Bought by PE Firm

Irvine-based IT provider Synoptek LLC was acquired by San Francisco-based private equity firm Sverica Capital Management LLC on undisclosed terms.


Other items of interest Orange County Business Journal Vol. 38, No. 45

Billionaire hedge fund manager George Soros reportedly pulled the $500 million investment he made about a year ago in a fund managed by Bill Gross at Janus Capital Group Inc.

Feng Shui Principles Key Factors for Chinese Buyers

Younger Generation Proves More Flexible on Philosophy

An August study by the Asian Real Estate Association of America reveals that 86% of native-born Chinese and Chinese-American homebuyers say the ancient philosophy of feng shui will be a factor in the purchase of their next home.

OCBJ Calendar

Nov. 9-18, 2015; Nov. 19, 2015

This week's business and other event listings.

Clearance for 1 Masimo Device, Good News on 2nd

Oximeter OK’d, EMMA, SET Studies Presented

Masimo Corp., an Irvine-based maker of patient monitors, finished out October on a fast pace.

Toll Roads of OC to Commuters: ‘Enjoy the Drive’

Campaign Includes Digital, Video, Mobile Ads

The Toll Roads of Orange County launched a new advertising campaign, “Enjoy the Drive,” that highlights the reasons it says people choose toll road: a stress-free drive and predictable commutes.

Ad Indicates Another OC IPO Could Be in Making

UST Global Posts Job For Exec With IPO Experience

Aliso Viejo-based UST Global Inc. could be the next Orange County tech company to go public.

Real Estate Deals

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

Accurate Laminated Products signed a 60-month lease at 1826 E. Dawns Way in Fullerton valued at $750,000.

Office Market Posts Strong Third Quarter

The strong improvements occurring in the Orange County economy have clearly carried over to the fundamentals of the office market here.

Voit’s Latest Local Changes Are RiverRock’s Gains

1.5M-SF Management Pact Adds to Strategic Moves

Newport Beach-based RiverRock Real Estate Group Inc. has picked up a sizeable account for its property management business in the latest big change in the operations for Voit Real Estate Services and its affiliated companies.

Tustin Property for Retail, Hoag Projects Near Sale

City-Owned Land Trading For Less Than Nearby Sites

The developers looking to turn a nearly 21-acre parcel at Tustin Legacy into a retail and healthcare project appear to be getting a good price on the city-owned land.

Fastest-Growing Public Companies Get Faster

Revenue Up 41%, Local Hires Double Overall Economy

Orange County’s fastest-growing public companies got faster this year.