OCBJ WEEKLY EDITION
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Is your workplace great?
About 650 Pacific Investment Management Co. employee volunteers, friends and family members gathered on Dec. 3 at the OC Fair & Event Center in Costa Mesa to pack 12,000 holiday meals for families in Southern California.
Other items of interest Orange County Business Journal Vol. 40, No. 2
An affiliate of private investment firm Admiralty Partners Inc. acquired General Electric’s Santa Ana aerospace business unit and plans to maintain it at its present location under the name Integral Aerospace LLC, according to news reports.
TicketSocket Looks to Lure Couch Potatoes
A Newport Beach-based company that facilitates the issuance of events tickets has partnered with a cloud-based network to offer registration and tickets for online broadcasts of live events.
Jan. 9-18, 2017; Jan. 25, 2017
This week's business and other event listings.
To Serve Over 50 Sites For Immunotherapy Tests
Irvine-based Cryoport Inc. will provide transportation services to Gradalis Inc.’s second and third phase clinical trials in advanced stage ovarian cancer and to a second phase trial for Ewing’s sarcoma, a rare tumor associated with children and young adults.
Line Features Palette Of Chinese Zodiac Critter
Vans Inc. in Cypress marked the Year of the Rooster—which runs from Jan. 28 to Feb. 15, 2018 on the Chinese calendar—with a specially designed shoe collection developed in cooperation with Shanghai-based designer Kim Kiroic.
Company Reps Pegged Year-End Sale Wrap
Vizio Inc.’s pending $2 billion sale to Chinese conglomerate LeEco failed to close by year-end, indicating a potential wrinkle in a deal that still needs final approval from Chinese regulators.
Sales and leases of offices, industrial buildings, retail space and apartments
D & V Capital Investments LLC sold four R&D condominiums in Irvine to Winchester Equity Group LLC for $3.9 million, or about $252 per square foot.
$47.5M for 2 Deals; Now Has 9,100 Units There
Irvine-based apartment investor and operator Bascom Group has added two rental properties in Las Vegas to its already sizeable portfolio there.
REAL ESTATE: $10.2 million for city-owned land along I-5
The developer of the Anaheim Concourse industrial campus has closed on the purchase of another, smaller development site near the Platinum Triangle.
Allergan plc paid $2.9 billion to buy New Jersey-based LifeCell Corp., which develops aesthetic and regenerative medicine used in plastic surgery, in a deal expected to close in the first quarter.
Saw Great Recession Coming, Came Through It Swimmingly
John DeCero didn’t take an easy path to this week’s honor as the Business Journal’s finance Person of the Year.
Morris Programmed Telogis for Deal That Fetched Close to $900M From Verizon
Look to Aliso Viejo to find a key component of a new digital strategy crafted by the nation’s largest telecom as it integrates several recent buys into a new business unit.
$300M Reshapes Shoreline Hospitality in Huntington Beach
Investment in hotel development in Huntington Beach hit at least $300 million last year—and there’s more in store this year.
AUTOMOTIVE: CEO switch, SUV surge, driverless car on radar
Hyundai Motor America Inc. needs a “diverse product lineup in its SUV segment” if it plans to increase its 4.6% share of a U.S. automarket that looks poised to plateau, industry insiders say.
REAL ESTATE: Gets 3 buildings, 161,000 SF in Aliso Viejo for $36M
A local investor has acquired the QLogic Corp. campus in Aliso Viejo and is planning to rebrand the site in preparation of the networking products maker vacating the three-building property this year.
ECONOMY: Outlook up big on sales, profits, jobs to start year
Orange County business owners and executives enter this year with a level of optimism at a 15-year high, according to the California State University-Fullerton’s Orange County Business Expectations Survey.
Just a few additions to this week’s front-page coverage of our Business People of the Year—notes on some recent moves that also merit mention as our community of business gets set to take on whatever 2017 has to offer …
REAL ESTATE: Plans filed for trilogy site it bought a year ago
San Diego-based Garden Communities of California has disclosed plans for its third big apartment development in Irvine, an 876-unit complex next to John Wayne Airport.
The pending $25 billion merger of medical device maker St. Jude Medical Inc. in St. Paul, Minn., and Abbott Laboratories in Lake Bluff, Ill., could affect the companies’ Orange County operations.
How Bailey Got Vans to $2 Billion
Kevin Bailey oversaw Vans Inc.’s upward trajectory to $2.2 billion in sales during a 7-year stint as president of the footwear and apparel brand—a performance that earned him a recent promotion and honors this week as the Business Journal’s Business Person of the Year in the marketing category.
Sonendo Inc. in Laguna Hills received $35 million in an extension of a Series D funding round that brings the privately held dental device maker’s total funding to more than $100 million.
Infinite Electronics Inc. in Irvine acquired KP Performance Antennas in Edmonton, Alberta, Canada, on undisclosed terms.
Visit Anaheim plans to hold its first Sports Express show at the Wyndham Anaheim Garden Grove Jan. 11 to 13. The event will draw 15 to 20 sports event organizers and meeting planners, plus attendees from local hotels and cities.
Led Hines Through Busy 2016; Intersect in Wings for This Year
The Newport Beach office of Hines Interests LP had a blockbuster year, with a steady stream of notable property acquisitions, sales, leasing news, and redevelopment activity.
Exec Grows Company, Movement
Masimo Corp. not only delivered on its promise for a 10-year growth plan since its 2007 initial public offering, Chief Executive Joe Kiani said the company is expanding patient safety efforts with its noninvasive patient-monitoring products.
Patriarch, Pritzker Partner Shapes Surf City Skyline
Robert Mayer Sr.’s reach can be measured in stories.
New Vietnamese Eatery Fresh Fifi Favorite
This is the month when I look back at the past year, remember the best dishes, and look forward to the broad restaurant scene that is ever changing. There were many superb meals, and a lot of interesting restaurants visited.
Other items of interest Orange County Business Journal Vol. 40, No. 1
Yamaha Motor Corp. USA in Cypress said its Kennesaw, Ga.-based Outdoor Power Equipment division acquired Subaru Industrial Power Products on undisclosed terms.
Numbers Reflect Brisk Activity, Pace on Sales
How did the Orange County luxury market do last year?
Sleep Monitors Analyze Slumber Data Overnight
Two companies are tapping into concerns about getting enough quality sleep in a fast-paced world with recently launched apps designed to help people get a better night’s rest.
Biosynthetic Technology Licenses From Florida Firm
Nemus Bioscience Inc. continues to make strides with marijuana-based products, with its latest licensing deal promising higher quality cannabinoids with quicker production cycles.
Lands Guinness Record For Least Fuel for Hybrid
Kia Motor America Inc.’s 2017 Niro received a Guinness World Record title for the lowest fuel consumption for a hybrid car driving the U.S. from coast to coast.
Jan. 2-11, 2017; Jan. 25, 2017
This week's business and other event listings.
Rising Star Mastantuono to CFO, Board Seat
The $6 billon sale of Ingram Micro Inc. last month to Chinese conglomerate Tianjin Tianhai Investment Company Ltd. ushered in some management and board changes at the world’s largest technology products distributor.
17,500 SF Murtaugh Meyer Nelson Lease
Law firm Murtaugh Meyer Nelson & Treglia LLP is moving its practice up a few floors at the Century Centre office complex in Irvine.