Orange County Business Journal

OCBJ WEEKLY EDITION

Irish Eyes; UCI Medal; DTSA Cool

Céad míle fáilte to Tom Donovan, whose fine Irish surname might not sound like a natural match for the Italian influences of the Resort at Pelican Hill, where he signed on as managing director just in time for St. Patrick’s Day and is slated to report for duty later this month.

Plans Weighed for Trinity Broadcasting Site

REAL ESTATE: First deal in OC for Pasadena venture

It was the second sale of the building this month. Irvine-based Greenlaw Partners bought it directly from Trinity Broadcasting, and shortly after the deal closed, Greenlaw sold it for a slight profit to Alliance South Coast.

United Capital’s ‘Bionic Adviser’ Vs. Robos

FINANCE: Firm on rise marries tech, humans to fight new rivals

The demise of human financial advisers and the rise of robo advisers aren’t so assured if United Capital Financial Advisers LLC has anything to say about it.

Quiksilver Cuts More Than Corporate Name

APPAREL: New owner says overhead now in line with size

Oaktree Capital Management LP really cleaned house at Quiksilver Inc. in Huntington Beach.

Business Journal Fetes Entrepreneurs

More than 300 members of the Orange County business community celebrated five winners during a luncheon at the Business Journal’s 16th Annual Excellence in Entrepreneurship Awards.

Alignment Health Gets $115 Million

Orange-based Alignment Healthcare secured a $115 million investment from New York-based private equity firm Warburg Pincus LLC to support its U.S. expansion.

Phone Battery Case Maker Head Named

ZAGG Inc. named Chris Ahern president of Mophie LLC, its Tustin-based subsidiary.

CoreLogic Promotes COO to CEO Post

Irvine-based CoreLogic named Frank Martell president and chief executive to succeed Anand Nallathambi, who died this month after a brief illness.

Wanted: Best Places to Work for OCBJ’s List

CALL FOR ENTRIES: Website set to take entries until March 17

Is your workplace great?

OC Small Business Owners’ Optimism Outpaces Broader West Coast View

Optimism about the U.S. economy among Orange County small businesses jumped to 63% from 38% a year earlier, according to the 18th annual Small Business Economic Survey by MUFG Union Bank.

ADDENDUM

Other items of interest Orange County Business Journal Vol. 40, No. 11

Michael Drake, former chancellor of the University of California-Irvine, and his wife, Brenda, will receive the UCI Medal at the Lauds & Laurels celebration on March 30.

Guggenheim’s Estate Changes Hands for $10 Million

Guggenheims Built In ’72; Donated to CHOC, Others

The home at 88 Linda Isle in Newport Beach sold on Feb. 27 for $9.72 million. The estate is considered a piece of Southern California history, according to the seller’s agent.

Sabra Tweaks Planned Sale of Skilled Nursing Assets

Will Sell 35 Properties Leased to Genesis

Irvine-based Sabra Health Care REIT Inc.’s 2017 outlook is largely hinged on the completion of the sale of 35 properties leased by Genesis Healthcare Inc. this year, which would reduce its exposure to skilled nursing and free up liquidity for acquisitions.

Mazda Cultivates Place to Share Passions at SXSW

Festival Studio Lets Fans Discover Brand Experience

Mazda North American Operations—South by Southwest’s official automobile sponsor—returned to the nine-day conference and festival with its own venue in tow.

OCBJ Calendar

March 6-15, 2017

This week's business and other event listings.

IBC Apartment Development Cuts into Jobs Base

Employment Down About 13.5% From 2006 Levels

The boom in residential development in the Irvine Business Complex over the past few years appears to be having an effect on the area’s base of jobs.

TCL Pins Hopes on Return of Coveted Keyboard

Qwerty Awaited By Die-Hard Blackberry Fans

The wait is over for those clamoring for the return of the Qwerty keyboard.

Real Estate Deals

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

Kelemen Caamaño Investments sold a 33,915-square-foot office building in Aliso Viejo for $11.8 million, or $347 per square foot.

Customer Support Company Wants to Have a Chat

HappyFox Offering Features Many Integrations

An Irvine-based company that created a customer support software platform has launched a live chat program.

ThreeSixty Vision: Big Growth on Brand Revivals

Pays $42M for New HQ in Spectrum, Plans Steady Hires Through Year

ThreeSixty Group is on a shopping spree.

Belief in Bricks and Mortar

Boot Barn Bucks Trend, Adds Stores Organically, Through Acquisitions

A 200-store base might be too much of a bet for a lot of retailers these days.

Invesco Pays $112M for Fullerton Apartments, Dell Inc. Office in AV

Dallas-based Invesco Real Estate, one of the most active institutional investors in Orange County in the past few years, has added a newly built apartment complex in Fullerton and another office in Aliso Viejo to its local portfolio.

J&J Gives Santa Ana HQ Status on Eye Devices

Local Operations Expected to Stay Intact Under New Owner, Leader

Johnson & Johnson Vision has double vision.

Alteryx Valuation Could Range to $900M on IPO

Irvine-based Alteryx Inc.’s planned initial public offering could snap a nearly two-year drought in Orange County.

Food Dreams on Okinawa Unfold at South Coast Plaza

Sushi Master Lives To Delight With His Creations

This is a story of a little boy in Japan who knew what he wanted to be when he grew up, and us food lovers are all the better for it.

Dine Around the World One Tasty Plate at a Time

Fifi Tours OC’s Under-The- Radar Ethnic Restaurants

Orange County keeps getting richer and richer with dining possibilities. We are lucky to have so many family-owned, individual places interspersed with the big, fancy restaurants.

There and Back All Around OC

“There and back” can carry myriad meanings—and become more interesting when folks get specific.

New ZPizza Tap Rooms Tap EB-5 Franchisees

RESTAURANTS: 10 sites go to Iranians seeking visas

ZPizza International Inc. has sold 10 franchises of its ZPizza Tap Room concept to 10 Iranian nationals pursuing U.S. residency under a federal visa program that provides green cards in exchange for investments that create jobs.

Ladera Ranch Fintech Lands South Korea Link

FINANCE: Money360 provides commercial bridge loans in US

Evan Gentry is back in the real estate game, with a touch of fintech this time around.

Banc of California Focus Wins Fans

FINANCE: Move to shed mortgages, cut jobs lifts shares

Irvine-based Banc of California’s plans to shed its main residential mortgage line, cut its headcount almost in half and concentrate on commercial banking is winning fans on Wall Street.

Boston Firm Buys Wet Seal Name, IP

Gordon Brothers Brands LLC in Boston, a 114-year-old restructuring and investment firm, bought the Wet Seal name and other intellectual property for $3 million in a March 2 auction, according to documents filed in the U.S. Bankruptcy Court for the District of Delaware.

Drinks Manufacturer Raises $3.6 Million

True Drinks Holdings Inc. in Irvine raised $3.6 million in equity backing, the company and regulatory filings said.

Aitken to Chapman Board Chair

Chapman University said attorney Wylie Aitken is the new chairman of its board of trustees for a two-year term.

New Creative Chief for Mazda Ad Shop

Mazda North American Operations’ advertising agency of record hired Erich Funke as chief creative officer, effective March 6.

Wanted: Best Places to Work for OCBJ’s List

CALL FOR ENTRIES: Website set to take entries until March 17

Is your workplace great?

PHILANTHROPY

Women’s Circle of Wishes hosted its fourth annual signature event on Feb. 12 at the Island Hotel in Newport Beach.

ADDENDUM

Other items of interest Orange County Business Journal Vol. 40, No. 10

California State University-Fullerton President Mildred García is scheduled to receive the 2017 Reginald Wilson Diversity Leadership Award on March 14 from the American Council on Education in Washington, D.C.