OCBJ WEEKLY EDITION

Addition to Business Journal Newsroom

Subrina Hudson has come home. Sort of. From 2013 to 2017, Hudson covered retail and advertising, among other beats, for our sister publication, the Los Angeles Business Journal.

NB-Based Car Wash Co.’s Local Roots Go Deep, Wide

SERVICES: Fast5Xpress team includes ex-Irvine Co. CFO

Is fasting good for you?

PHILANTHROPY

The annual Mission Hospital holiday gala, A Journey Through Wine Country, set fundraising records with nearly $2.2 million in net proceeds.

Allergan Cuts 1,000 Jobs With Likely Loss of Restasis

Generic Brands Could Enter Market This Year

Allergan PLC, which had a rough year following its controversial patent transfer deal with a Native American tribe, said it will cut over 1,000 jobs in preparation for losing patent exclusivity for blockbuster dry-eye drug Restasis.

Oakley Video Opens Window Into Inner Workings

Oakley Inc.’s headquarters in Foothill Ranch was featured in the most recent video the eyewear and helmet manufacturer posted on its social media channels.

Mariner Square Rentals Sell for $23M, Records Show

Melia Eyes New Homes; Says 2019 Start at Earliest

Melia Homes apparently got itself a relative bargain for a Newport Beach apartment complex it bought last month.

Toshiba Unit Keeps Big Printer Contract as Diversifies

Two-Year LAUSD Deal Worth $60 Million

Lake Forest-based Toshiba America Business Solutions Inc. will remain the multifunction printer provider for the Los Angeles Unified School District until at least November 2019.

Clear Aligner Company Graduates Early Startup Mode

InBrace Raised $25M Financing; Upgrades Space

Swift Health Systems Inc. is ready to move out of stealth mode with its orthodontic device InBrace, a Food and Drug Administration-registered technology that uses digital treatment planning to correct teeth through adjustable wires hidden behind the teeth.

OCBJ Calendar

Jan. 8-17, 2018

This week's business and other event listings.

Real Estate Deals

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

An apartment complex was sold by a family trust to EB Capital Enterprises LLC for $5.1 million, or $300,000 per unit.

Business Bites

Other items of interest Orange County Business Journal Vol. 41, No. 2

Huntington Beach-based Boardriders Inc. signed a deal to acquire all shares of Billabong International Ltd., creating one of the world’s largest action-sports companies.

BPOY 2017: The Chairman Stepped Up

Bren’s HQ2 Bid Puts Irvine’s Growth on Display

Donald Bren went all in last year to try to bring Amazon’s second headquarters to Irvine, a rare public display of deal soliciting from Orange County’s dominant businessperson.

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BPOY 2017 Finance: Roman, Ivascyn Make $1.7T Team

1K Days After Bill Gross Left, Again a Force

Emmanuel “Manny” Roman sure knows when to make an entrance.

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$1B GSF Unit Grabs PepsiCo Exec to Go More

QCD Serves Chick-fil-A, Wendy’s and 6,000 Starbucks

Golden State Foods Corp. drives the chuckwagon for McDonald’s Corp.

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BPOY 2017: Eight Pillars In The Community of Business

The Business Journal in this first issue of 2018 on this first day of the year highlights eight superlative members of that august community of business in six areas:

A Street Apart: Newport Center Sits Atop Office Rents

REAL ESTATE: No. 15 among US streets, sixth in state

Newport Center Drive’s role of prominence in Orange County’s office market—including prominent rents—remains unsurpassed, according to a new national brokerage report.

New Dealership Offers Classic and Vintage Cars

AUTOMOTIVE: Makes pricey statement ‘about OC car culture’

On a recent evening at the Morris and Welford dealership in Newport Beach, no one was kicking the tires, opening engine hoods, peeking into the glove box, or tinkering with the car radio.

Club Pilates Brand Stretches to Irvine

SERVICES: Brand star of new umbrella co. Xponential Fitness

A new fitness-focused umbrella company anchored by Club Pilates—one of the country’s fastest-growing franchising businesses—plans to pump up the size of its Orange County headquarters and operations.

More to the Story

Sept. 8 around 1 p.m. Donald Bren and Irvine Co. announce they’ll urge the city of Irvine to join up to vie for Amazon’s HQ2.

Good Karma in Carmaker Leadership Change

AUTOMOTIVE: CEO hands wheel to fellow turnaround man

Tom Corcoran did what he came to do—get Karma Automotive LLC up and running, and ready for the next big leg of its journey: China.

BPOY 2017 Technology: Dean Stoecker

How Alteryx and Dean ‘Stoecked’ an OC Industry and Its Dormant IPO sector

A March initial public offering, two acquisitions, and three strong quarters.

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BPOY 2017 Healthcare: Charles Dunlop

Laguna Native Couldn’t Have Mapped Better 2017

It’s hard to put a label on Charles Dunlop, founder and president of Ambry Genetics Corp. He is, in his own words, a “lab tech” who derives more joy from working in labs, yet he speaks with the boldness of a visionary when he says his main goal isn’t to cure a particular disease but all diseases.

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Marketing: Marisa Thalberg

She Loaded Up That Taco

Taco Bell Corp. “wasn’t a turnaround job” when Chief Marketing Officer Marisa Thalberg took over the reins in June 2016. Systemwide sales that year at the Irvine-based Mexican-themed fast food chain were up 6% to about $9.6 billion.

BPOY 2017 Marketing: Steve Jun

Agency Boss Reeled in Big Fish

Steve Jun transferred to Huntington Beach in 2015 to help boost INNOCEAN Worldwide Americas’ growth beyond its core automotive account, Hyundai Motor America Inc.

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BPOY 2017 Hospitality: Jay Burress

Visit Anaheim Chief and Texas Sports Fan

There’s a sense Jay Burress is hospitality’s businessperson of the past five years.

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2018 Off to Tasty Start With Fresh Menus Abounding

NB Restaurant Week Excuse to Try Some

Happy New Year!

Local Ophthalmic Companies Aim for FDA Nod

Aerie Well On Track; Presbia Changes Strategy

Ophthalmic companies Aerie Pharmaceuticals Inc. (NASDAQ: AERI) and Presbia PLC (NASDAQ: LENS) are pursuing Food and Drug Administration approval of their drugs and device, respectively.

Airport Advertising Contract Is Up for Bidding

JWA Ads Land $1M+ Annually for County

John Wayne Airport and the county of Orange are looking for a new partner to pick up an advertising concessions lease.

Platinum Triangle’s Latest Sale: Stadium Crossings

Pendulum Property, Long Wharf JV Pay $40M-Plus

Irvine-based Pendulum Property Partners, a commercial real estate investor and developer that kicked off operations a little more than a year ago, ended 2017 with a bang.

So Much 2017 Tech News, We Needed Another Issue

Year Brought Deluge of Deals, Raises and More

Last year Orange County’s diverse tech sector produced big headlines, some of which we highlighted in our recent year-in-review issue.

Supplement Maker Targets Girls’ Concussion Risk

Product Claims Protection for Brain

Newport Biosciences LLC Chief Executive Thomas Kinder isn’t new to the dietary supplement space; he previously launched brands that target migraines and micronutrient deficiencies in post-bariatric surgery patients.

Look Back at 2017 Market Shows Head-Turning Sales

Biggest Home, Lot, Sale, Price, More in Busy Year

From sale prices that defied gravity to expansive mansions with enough square footage to enfold several individual houses, the 2017 Orange County luxury real estate market was one for the record books.

OCBJ Calendar

Jan. 1-10, 2018

This week's business and other event listings.

Business Bites

Other items of interest Orange County Business Journal Vol. 41, No. 1

Alstyle Apparel will close its Anaheim distribution center and lay off 81 people, according to filings with the state.

Real Estate Deals

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

Providence 410 GP sold an office condo to Ayaz Biviji, Eric Lee and Kevin Triggs for $2 million, or $305 per square foot.

Local Marijuana Cos. Prep for New Year

MANUFACTURING: Industry’s ‘Wild West’ scheduled to go legal

New Year’s Day will be more than just a party for some Orange County businesses. They’re gearing up for the day California legalizes recreational marijuana.

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2018 Economic Preview: Retail & Marketing

We’ve all heard and read “Amazon” and “death of bricks-and-mortar” in the same sentence many times this year. Expect the rhetoric to continue in 2018, all while brands and retailers continue to adapt to the new normal.

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