Orange County Business Journal

OCBJ WEEKLY EDITION

Pimco Blame Game? Harp-ing on Mariachi Show at Segerstrom

Is the split between Bill Gross and Pimco—now going on 3 months old—just too juicy to quiet down in the financial press?

Hotel Irvine Transformation Starts on Ground Floor

HOSPITALITY: New amenities, look for lobby, all 536 rooms

A yearlong renovation has Hotel Irvine ready for its interior close-up—with makeovers of meeting spaces and outdoor amenities scheduled for completion in January.

Equity Office Adds Costa Mesa Campus to OC Portfolio

REAL ESTATE: Blackstone unit now owns 1.5M SF in area

The office division of New York-based private equity giant Blackstone Group has added another big office complex in Costa Mesa to its growing Orange County portfolio.

KBS Spree Ranges From SJ to Va.

A $345 million acquisition spree by Newport Beach-based KBS Realty Advisors includes a prominent office tower in San Jose and a pair of deals on the other side of the country.

Avanir to Continue as OC-Based Business Under Otsuka

HEALTHCARE: $3.5B for maker of neurological drug

Aliso Viejo-based Avanir Pharmaceuticals Inc. hopes to continue its recent surge under new owner Otsuka Pharmaceutical Co., which aims to beef up its neurology drug lineup following an upcoming patent expiration.

Orange County Nonprofit Groups Have Year of Growth

Every Category Is Higher, Including Costs, Clients

More people needed a lift last year, and local donors and charitable organizations responded with more money and more people to offer help.

How South Coast Repertory Works Neighborhoods

NONPROFITS: Program adapts to schools’ needs

She was about 10 years old, a painfully shy girl with huge brown eyes and a mop of shiny brown hair. She had a nice smile—when it could be coaxed to appear.

Caritas Turns Mobile Homes Into Upward Mobility

NONPROFITS: Operates 20 parks in region, three in OC

It could be hard to imagine what it must be like to escape one terrible situation, only to be trapped in a nearly identical situation a short time later.

PHILANTHROPY

The 2014 Walk To End Alzheimer’s raised $375,000 toward finding a cure for the disease.

ADDENDUM

Other items of interest Orange County Business Journal Vol. 37, No. 49

The family of retired Air Force Gen. William Lyon plans to give $150,000 to the Center for Oral and Public History at California State University-Fullerton, the school said.

El Sol Neighbor Goes Global for Local Girls

Kylie Schuyler knew this particular group of girls was different.

Volvo's Pitch Runs on Oculus Rift

Virtual Reality Headset Key to New Model’s Intro

Put Volvo Car Corp. down as an early adopter of the Oculus Rift, a virtual reality headset that was born in Irvine and now operates there under Facebook Inc.’s umbrella.

Employee Friendly, Too

Earth Friendly Products Spreads Benefits of Growth

Earth Friendly Products is continuing on its growth course under a new generation of leadership.

Chinese Developer Buys A-Town Parcel in Platinum Triangle

REAL ESTATE: Plans to ask Anaheim for more units, mixed-use

A real estate company in China has bought one of the most prominent parcels of developable land in Anaheim’s Platinum Triangle, where it plans its flagship residential and commercial development project for the U.S.

Rockwell Collins to Shift In-Flight Entertainment Operations to Irvine

REAL ESTATE: Move from Tustin to Alton Corporate Plaza

Aviation electronics maker Rockwell Collins Inc. is relocating its regional operations from Tustin to Irvine after signing one of Orange County’s largest office leases of the year.

Taco Bell on Its Own in Irvine?; $3M for ‘Popcorn’ at Westin

Thanksgiving is in the books and you can see the year-end holidays from here.

Sales Up 2.3% at Biggest OC Shopping Centers

RETAIL: 32 biggest combine for $7.3 billion

Taxable sales at the top 32 shopping centers in Orange County grew for the fifth straight year, but at a slower pace, according to this week’s Business Journal list.

Westin South Coast Plaza Starts $20M Renovation

HOSPITALITY: More king beds; mini-bars, ‘popcorn’ ceilings out

The Westin South Coast Plaza in Costa Mesa is scheduled to start a $20 million renovation this week, with makeovers for its 393 rooms expected to be finished in April.

First Foundation Gets Bank in Hawaii

Irvine-based financial services company First Foundation Inc. has agreed to acquire Pacific Rim Bank in Hawaii in a deal valued at about $11.8 million.

Rise From the Ashes

Entrepreneurs ‘Slowly Getting Back’ On Feet After Fire

Trantronics Inc.’s 18,000-square-foot manufacturing plant on Langley Avenue in Irvine is back up and humming, with two production lines cranking out products and prototypes for medical, aerospace and other commercial markets.

Building Business by Hand

Manufacturer in ‘Unique’ Industry Pulls on Family Ties for Gains

Eric Albert calls his company, American Handforge, more or less “hidden.”

Raised on Hardware

DeNaults Built Business Along With Family In Their Chain

Ruth DeNault and her late husband Jim made sure their children got involved in the family business by starting them off early.

Up From San Diego

Hughes Marino Brings Family Affair, Focus on Tenant Side to OC

Do the basics so well that it’s cutting edge.

New Option at Spectrum, Old Standby in Anaheim

High Marks for Del Frisco; Jägerhaus Back on Radar

Del Frisco’s Grille opened recently at Irvine Spectrum.

Auto Dealers Sales Stay Hot; Near $5B on 6.3% Increase

Fletcher Jones No. 1 Again; Several Dealerships Sold

Orange County’s car culture continues to keep pace with the revved-up national market.

Automakers Ride Strong Sales, Boost Jobs by 3.2%

6 With U.S. Headquarters Here Combine to Employ 2,279

The six automakers with U.S. operations based in Orange County combined to employ 2,279 workers here, 3.2% more than a year earlier, according to this week’s Business Journal list. 

ADDENDUM

Other items of interest Orange County Business Journal Vol. 37, No. 48

Wet Seal Inc. hired Houlihan Lokey Capital in Los Angeles and former Tilly’s Inc. executive William Langsdorf to “identify and analyze potential strategic and financial alternatives.”

November Shapes Up to Match October Luxury Sales

Eight $4M-Plus Homes Sold in First Half of Month

In October, Orange County boasted 19 home sales that topped the $4 million mark, with the highest closed transaction fetching $10 million for the 4,000-square-foot oceanfront villa at 11 La Senda Place in Lower Three Arch Bay in Laguna Beach.

OCBJ Calendar

Dec. 1-10, 2014

This week's business and other event listings.

Integrated Healthcare Vies for Joshua Tree Hospital

Works With Affiliates To Get Operations Lease

Hospital operator Integrated Healthcare Holdings Inc., one of Orange County’s lower-profile public companies, is working with some of its affiliates to lease a hospital in the High Desert community of Joshua Tree.

Next Technology Incubator to Open in OC in February

SD-Based Firm to Bring Model to Research Park

Orange County has attracted another technology incubator.

Real Estate Deals

Independent Capital Management Inc. and Milender White Construction Co. each signed leases at 1401 Dove St. and 1375 Dove St. in Newport Beach.

Beauty Company Taps Actress For Brand Campaign

Gabrielle Union New Face Of Home Gel Polish Line

Beauty products distributor Pacific World Corp. in Aliso Viejo selected actress Gabrielle Union to be the face of its SensatioNail at-home gel polish brand.

Industrial Vacancy Rate Hits Historical Low

There were approximately 1.1 million square feet of industrial space under construction at the end of the third quarter.

Prologis Adds to Portfolio With $18M Buena Park Buy

Price of Half-Full Property Comes to About $110 PSF

Denver-based industrial giant Prologis Inc. has picked up a large property near the Orange County-Los Angeles line.

Great Park Goes Commercial

Broadcom Campus Plan Puts Focus on ‘Companies and Jobs’

Expect to see a surge in commercial real estate development activity near the southern edge of the former El Toro Marine Base in Irvine, following the decision of Broadcom Corp. to relocate its headquarters to the Great Park Neighborhoods site.

Deans of Delivery

Aliso Viejo-Based Outfit Has Been Mobile Link Between Restaurants, Business Customers for 21 Years

Food delivery is a hot subject in the restaurant industry these days.