OCBJ WEEKLY EDITION
There’s plenty to look back upon at Great Park, as recent depositions in the City of Irvine’s forensic audit of operations reveal.
REAL ESTATE: Still plans up to 1K homes in East Orange
The Irvine Company hasn’t abandoned its homebuilding plans on the northern edge of the Irvine Ranch, despite its intentions to donate a large chunk of land there to the county.
TECHNOLOGY: ViewSonic moves 90 workers from LA
Orange County has reeled in a big fish in the technology industry with the addition of ViewSonic Corp. to its strong corporate base.
RESTAURANTS: Farrell’s, Creamistry proceed separately
Farrell’s Ice Cream Parlour Restaurants’ parent, Lake Forest-based Parlour Enterprises Inc., and Irvine-based Creamistry separately said they will begin franchising.
FINANCE: Semaphore rollout helps ‘Tubers’ brand and more
Irvine-based financial services firm Semaphore is betting on the growing field of YouTube entertainment and its increasing capacity to attract brands to advertise to the younger crowd.
TECHNOLOGY: For growth, adds ‘lite’ product for startups
Innovative Systems LLC grew up with local brands such as Volcom Inc. and Hurley, licensing software to help manage inventory, accounting, warehousing, merchandising and other aspects of the companies’ apparel business.
Two Orange County-based investment firms have partnered to acquire a majority stake in Mob Scene LLC, an entertainment marketing and production company in Beverly Hills.
Incipio Technologies Inc. signed a licensing agreement with fashion designer Kate Spade & Co. in New York.
Irvine-based food manufacturer and distributor Golden State Foods Corp. acquired a vegetable supplier in New Zealand on undisclosed terms.
The Anaheim/Orange County Visitor & Convention Bureau said it would integrate sales efforts with two other cities to target meeting professionals for multiyear bookings.
Other items of interest Orange County Business Journal Vol. 37, No. 33
Wet Seal Inc. celebrated the opening of 31 Wet Seal Plus stores across the country, including one Orange County location at The Shops at Mission Viejo.
The Pimco Foundation, Pacific Investment Management Co.’s charitable arm, held its sixth annual Global Week of Volunteering from July 20 to 25.
Aug. 18-27, 2014
This week's business and other event listings.
Appellate Decision Could Bring Wide Implications
Hospitals in Orange County and other areas are keeping their eyes on a long-running reimbursement case that could reach the California Supreme Court.
Seeks Photos Illustrating What Fans Are ‘True To’
The summer is all but gone, but two Orange County-based brands are offering a chance to keep it alive in a social media contest.
Microelectronics Part Of Gains Across All Lines
Newport Corp. is on pace for a record year as the Irvine-based laser maker puts last year’s troubles in the rearview mirror.
Sales and leases of offices, industrial buildings, retail space and apartments
MCC Realty Investments sold a retail building to TradeCor Partners LLC in Aliso Viejo for $8.1 million.
The high-rise office market in Orange County ended the second quarter with increased demand, resulting in 510,455 square feet of positive net absorption, nearly all of which took place in the Greater Airport Area submarket—508,945 square feet.
Former Grubb Offering To Be Sold for $4 Billion
Griffin-American Healthcare REIT II in Irvine, an owner of healthcare-related real estate properties that has ties to Grubb & Ellis Co., appears to be one of the few winners emerging from the brokerage company’s short-lived stint as an Orange County-based company.
3-Story Facility Planned Amid Apartment Complexes
A massive self-storage facility is being proposed for land near the Diamond Jamboree shopping center in Irvine in what would be among the largest nonapartment developments in the Irvine Business Complex over the past decade.
Chain Gets Past Downturn, Puts Corporate Vet in Kitchen
Wahoo’s Fish Taco wants to keep it casual for customers even as it tightens up the way the 61-restaurant chain goes about its business.
HEALTHCARE: Valeant bid valued just above target’s market value
Investor sentiment appears to be quietly moving away from the increasingly noisy takeover attempt of Irvine-based Allergan Inc.
REAL ESTATE: Lease-back an option for newspaper’s operations
Santa Ana developer Mike Harrah is closing in on a deal to buy the headquarters of the Orange County Register, according to sources.
Despite Blips, OC Trading Partner Still Number One
Mexico City-based discount airline InterJet ceased flights out of John Wayne Airport on July 19.
The 12 largest hotels near the Anaheim Convention Center offer 588,000 square feet of convention space and about 8,200 rooms that can accommodate the big gatherings that converge on the area every year. But space can also be small when necessary. Many hotels and resorts offer space for small groups, whether the traveler or business groups needing a working “staycation” or some privacy. Those clients have specific needs and are willing to spend money for them. The meeting spaces can be as different as the clientele, with everything from the county’s largest hotel to a boutique beachfront experience, with prominent and premium resorts in the mix. Business groups also sometime include guests who have different needs but want the same attention to detail corporate clients require. The Business Journal’s Paul Hughes asked executives at local venues how they serve high-end meetings and conventions guests. Here are edited excerpts of their responses:
Changes Mirror National Trends, Cast Wider Net
What’s in a name? A lot more than before for Orange County business and tourist groups.
The following is a list of conventions, trade shows, consumer shows and events scheduled from Aug. 11 through July 31, 2015.
Is that a Louis Vuitton store taking shape next to Neiman Marcus at Fashion Island?
SERVICES: Peykoff family retains bottling operation in IE
Niagara Distributing LLC in Irvine has sold its home and office delivery routes to Glendale-based competitor Nestlé USA.
TECHNOLOGY: Bought fiber laser maker as conflict flared
The recent growth of Newport Corp.’s operations in Israel underscores the tenuous balance of investing in a global technology hub that’s under constant threat of warfare.
MANUFACTURING: Third in U.S., first on West Coast
Capital Safety, a manufacturer of height-safety equipment, is counting on its new training center in Tustin to better respond to growing demand from industry professionals in California and on the West Coast.
HOSPITALITY: Name change could accompany retro makeover
The new owner of the Laguna Cliffs Inn plans to emphasize what it calls the unique qualities of its location with a $1 million renovation of the 36-room boutique hotel.
MEDIA: New clients, more social media work drive gain
The biggest public relations firms based in Orange County combined to employ 416 staffers as of July, a 7.5% year-over-year increase.
Federico Pignatelli, a director of Irvine-based Biolase Inc., resigned from the company’s board and withdrew his nomination for election at its upcoming annual meeting.
Huntington Beach-based Confie Seguros Insurance Services Inc. acquired three brokerages to add to its growing list of offices nationwide. Terms were undisclosed for all three transactions.
A company in Austin, Texas, acquired San Clemente-based Benesan Corp., which makes specialized software for in-home, nonmedical patient care.
Urban Decay Cosmetics LLC plans to open its first stand-alone store this fall at Fashion Island.