OCBJ WEEKLY EDITION
DINING: High-end concept in downtown LA, Santa Monica
Costa Mesa-based restaurant operator King’s Seafood Co. plans to put a minimum of $5 million into an Orange County location of its high-end Water Grill.
Gains Represent Third Year of Local Staff Jumps
Orange County’s top accounting firms combined to grow their local offices by 4%, continuing a run of employment gains for the third straight year.
TECHNOLOGY: New products ready, ad campaign in works
Fountain Valley-based D-Link Systems Inc. is making an aggressive move into the connected-home market with a slew of new products, big retail distributors, and its first national TV campaign.
MEDIA: Eyes role as manager of information in mobile world
Toshiba America Business Solutions Inc., an Irvine-based print product powerhouse, has seen the writing on the wall for some time now—advances in mobile technology are changing the way companies communicate, a shift that’s pushing its once-legacy business toward oblivion.
Regulatory Changes, Plus Acquisition Fuel Increase
Orange County’s top management consulting firms grew their local offices by 25% over the past year, the highest rate since a recovery in hiring began in 2011.
REAL ESTATE: Builder hires, grows office, as home prices rise
Expect a larger headquarters in Irvine but not much else in the way of local changes at TRI Pointe Homes Inc. following its audacious buy of the homebuilding division of Federal Way, Wash.-based timber conglomerate Weyerhaeuser Co.
Keck Medicine of USC, the University of Southern California’s medical enterprise, acquired Orange Coast Oncology Hematology Medical Associates for an undisclosed price as part of a cancer-treatment network allowing local patients to avoid trips to Los Angeles for care.
Newport Beach-based private equity firm ClearLight Partners LLC sold portfolio company Apple & Eve LLC to Canadian food manufacturer Lassonde Industries Inc. for about $150 million.
Irvine-based memory products maker Western Digital Corp. expanded its board of directors with the appointment of finance veteran Paula Price.
Irvine-based Oculus VR Inc. announced another acquisition and plans to host a September developer conference in Los Angeles.
Irvine-based Griffin-American Healthcare REIT II, an owner of healthcare-related real estate properties, could be bought by NorthStar Realty Finance Corp. of New York, according to news reports.
ECONOMY: Centerpiece of Sept. 22 Special Report
We know you’re out there. The Business Journal is producing its annual list of fastest-growing privately held companies, set to appear as the centerpiece of a Special Report in its Sept. 22 issue.
Marble Baths, Wine Rooms Coveted; Others Less So
Marketing a luxury home in coastal Orange County is a science.
Other items of interest Orange County Business Journal
Huntington Beach-based apparel maker Quiksilver Inc. entered into licensing agreements for several product categories, Chief Executive Andy Mooney said.
July 14-22, 2014
This week's business and other event listings.
Small Providers, Plans Could Join Under Reform
An official who works for the largest health maintenance organization operating in OC recently visited an unusual forum to talk health trends: an investment bank that covers some of its for-profit competitors.
Gadgets Save Boyfriend Bored By Girls’ Day Out
Kingston Technology Co.’s TV spot—“This is Sam—the story of the DT microDuo”—uses gender stereotypes to tap into consumers’ inner geek.
First-quarter activity in the Mid-Counties industrial market continued to be led by users of 10,000- to 60,000-square-foot properties, which made up 44 of the 51 transactions.
Project Insight’s Revenue Climbs Quickly
An Irvine software company that’s helped Gap, Cisco and Dell streamline work projects has expanded into a new 5,000-square-foot headquarters.
Sales and leases of offices, industrial buildings, retail space and apartments
The Mayfield Trust sold a multitenant shopping center in Lake Forest to a private China-based buyer for $7.6 million.
Zodiac Inflight Building Sells to Ex-Arden CEO
A Brea office largely occupied by Zodiac Inflight Innovations, a maker of portable in-flight entertainment players and related software, has traded hands for more than $20 million.
Irvine Company Goes With Glass for ‘Iconic’ Plan
The newest office tower planned for the Irvine Spectrum is expected to gain attention for more than its size.
Female-Owned Businesses Top $3B, 26,000 Jobs
Orange County’s biggest women-owned businesses combined to grow revenue by 7% last year, notching a fourth-straight year of top-line gains for a total of $3.1 billion.
Allred’s Career Brings Business, Family, Community Together
Name a challenge that could faze a businesswoman.
REAL ESTATE: Preliminary plan calls for 8 buildings, 2 million square feet
The developers of the Great Park Neighborhoods in Irvine have filed plans for the first batch of commercial construction at the former El Toro Marine Corps air station, a 2-million-square-foot office park that appears designed to hold the headquarters and expanded operations of Broadcom Corp.
ECONOMY: Quarterly index shows slight dip on mixed sentiments
Orange County business executives are feeling less optimistic about the local economy heading into the third quarter, according to the latest quarterly index of business sentiments published by the Mihaylo College of Business and Economics at California State University-Fullerton.
Helps Companies Keep Workers Safe on the Job
Marjorie Del Toro wants to make sure everyone comes home safe from work, a mission she took upon herself years after a string of preventable accidents marred her childhood.
Trip Designs Specializes in Balkans, Personal Touch
Milica Obradovic’s plunge into business ownership was a “spur-of-the-moment decision” she made when the manager at a travel agency where she worked for 15 years tipped her “over the edge.”
There’s been much consternation about the relatively slow pace of employment growth nationally, even with last week’s report of a big gain on jobs in June.
SERVICES: Reports say $1B would go to single stakeholder
A new financing deal in the works for LA Fitness could result in a change in the ownership structure of the Irvine-based fitness chain.
HOSPITALITY: Possible name change for Anaheim/OC group
The Anaheim/Orange County Visitor & Convention Bureau will rebrand itself, with a new name and logo as possibilities by year-end.
Santa Ana-based Filter Concepts Inc. has been acquired by Astrodyne Corp. on undisclosed terms.
EDUCATION: Christensen oversees new MBA programs
Steve Christensen is full-throated—like his hometown.
RESTAURANTS: 2 based here to add locations at ambitious clip
Orange County is getting juicier.
Santa Ana-based Ingram Micro Inc. acquired a Minnesota Internet technology provider to bolster its professional services offerings for its network of global resellers.
Orange-based dental products maker Kerr Corp. acquired a pair of business units in Oxnard in an effort to expand its portfolio of dental products and to venture into the animal healthcare market.
Newport Beach-based investment bank Digital Offering LLC helped raise more than $10 million for its first batch of clients, including two with headquarters in Orange County.