OCBJ WEEKLY EDITION

Ducks Digs Shine for New Season

Millions in Upgrades; New Seating Options

Multimillion-dollar upgrades at Honda Center during the off-season were in clear view for Anaheim Ducks fans as they walked through the turnstiles of the south entrance before last Thursday’s home opener against the Arizona Coyotes.

Tease photo

Whose Intelligence To Believe?

Veritone Drops in Half After Tweet by Famous Short Trader

A Wall Street brawl has erupted over high-flying Veritone Inc. (NASDAQ: VERI) in Costa Mesa.

It Takes a Village To Grow a Company

12-Year-Old Skateboard Innovator Got Lots of Support

A few years ago, 12-year-old Carson Kropfl and his parents met one of the executive producers of the entrepreneur pitch show “Shark Tank” in an elevator in Mammoth.

Bradford Renaissance Bucks Trends, Pays Homage

RETAIL: Thriving photography business in age of selfies

Bradford Rowley started his photography business in the late 1980s, when one-hour photo processing was the speediest way to share memories. Nowadays, despite the glut of selfies overtaking our social media feeds, his portraiture remains relevant—and lucrative.

Tease photo

Chapman: Engineering School to Be Business Boon

Commitment Over Beer Helped Make It Happen

Chapman University alumnus Dale Fowler and his wife, Sarah Ann, were hosting Chapman President Daniele Struppa and his wife, Lisa Sparks, dean of the university’s School of Communication, at Lismore Castle in southern Ireland in July 2016. While sitting in the ancient rooms in the shadow of portraits of esteemed scientists, such as Robert Boyle, the couples shared a pint of Guinness as they talked about Chapman’s future.

Program to Help Grads Help Firms Lead on Innovation

UCI Retools MBA Courses To Answer Disruption Trend

Disruptive innovation has been called the most influential business idea of the early 21st century.

Concordia Classroom Configuration Addresses Trend

Ed Classes’ Flex Seating Mirrors Real World

Walk into one particular School of Education classroom at Concordia University Irvine, and this is what you’ll see: individual student seats that have six wheels on a wide, round base, a type of seating that allows them to swivel and be arranged in various configurations. It’s key in what’s known as an active-learning classroom.

Total SoCal MBA Enrollees Down Slightly

Competition for Students Results in Fewer Applications

Southern California schools with MBA programs showed a slight decrease in the number of Southern California enrollees, down about 2% from a year ago, based on the Business Journal’s annual survey. The number of enrollees dropped from 12,418 in September 2016 to 12,171 last month. It was a smaller drop than that reflected on last year’s list, when there was an approximate 6% change from September 2015 to September 2016.

Business Bites

Other items of interest Orange County Business Journal Vol. 40, No. 41

Concordia University Irvine President Kurt Krueger will step down on June 30 at the end of the academic year.

Marriott's Main Man

Olson’s Lido, Irvine Hotels Prep to Open

A mid-September tour of the under-construction Lido House Hotel in Newport Beach has turned into an impromptu architectural design review for Bob Olson.

Tease photo

$21M Gift Signals Chapman Now Makes Grade

EDUCATION: Keck puts imprimatur on university

The Keck name comes with a lot of prestige. There’s the Keck School of Medicine at the University of Southern California, the Keck Institute of Space Studies at the California Institute of Technology in Pasadena, and the Keck Graduate Institute of Applied Life Sciences, part of the Claremont Consortium undergraduate and graduate schools in Claremont.

Tease photo

OC Firms to Hire, Invest More in Capital

ECONOMY: CSUF survey still shows high optimism

A higher percentage of Orange County businesses intend to invest in more equipment and hire more employees in the fourth quarter, according to the latest Orange County Business Expectations Survey by California State University-Fullerton.

Tease photo

Fifi Polishes Off Best Menu Of All: A Delightful Career

Veteran Business Journal Dining Columnist Retires

Retirement from one’s occupation is expected eventually, and I’ve been thinking for a while about mine.

Tease photo

NY Hedge Fund Latest to Bet on Alteryx

TECHNOLOGY: Some insiders sell; sales stay hot in hot ‘BI’ space

Life in the public eye got intriguing for one of Orange County’s best tech stories in years, Alteryx Inc., the Irvine software maker that made a splashy Wall Street debut in March.

Tease photo

At the Top of a Not-So-Boring Billion-Dollar Business

Alliant Now 12th Largest Insurance Broker in World

Tom Corbett says people often consider his business dull.

Insurance Brokers Average 7.8% Rise in OC Revenue

25 Firms Report Strong Growth for Fifth Year

Orange County’s largest insurance brokerages continued solid growth as local revenue climbed above 7% for the fifth straight year.

Alliant CEO Talks Rate Hikes, Other Insurance Issues

The recent hurricanes that hit Texas and Florida may cause a 5% to 10% bump in premiums during the next 18 months, predicted Tom Corbett, chief executive of Alliant Insurance Services Inc., the biggest insurance broker in Orange County.

‘Thorpedo’

Monday. Lunch with Ed. Meeting The Great Ed Thorp is meeting Kareem (sky hook) or Jerry (Grateful Dead) or Steve (iPhone).

Muller Brings in New P.E. Fund for 3 Area Towers

REAL ESTATE: $232M combined price for recapitalization

Laguna Hills-based Muller Co., in a recapitalization deal valued at nearly $232 million, has brought on a new financial partner for three area high-rise offices it owns and operates.

Entrepreneur’s Second Venture Came From His Gut

HEALTHCARE: Approach that helped him now for sale

Hiep Tran built and sold a payment-processing business, a profitable venture he says cost him his health.

Sabra Reshuffles Portfolio Operators

HEALTHCARE: Buys REIT; to sell underperforming operator

Sabra Health Care REIT Inc. packed a lot of news into the past two weeks, including two acquisitions and one disposition.

Diagnostic Companies Riding Rise of Genomics

Activities Being Driven By Reimbursement

Genetic testing isn’t yet the go-to for identifying a patient’s risk for conditions such as cancer and Alzheimer’s disease—insurers generally cover a genetic test only if there’s strong scientific evidence it could provide a health benefit and is recommended by the patient’s doctor—but the industry has grown faster with advanced genetic-risk understanding and improved reimbursement.

Milk Meets Food in New, Smoking-Hot Series

Processor Board Suggests Sexy Pairings

The California Milk Processor Board’s newest installment of the “Food Loves Milk” campaign is a heartbreaker, but in a good way.

UCI Retail Center Adding New Amazon Shop to Mix

Campus-Centric Target Store Opened in Summer

Irvine Co. has landed Amazon after all.

HR Platform Ramps Up With AI-Based Recruiter Deal

ProSky to Use Job Board Network to Reach 25M

An Irvine company that developed a human resources platform for hiring and managing employees has partnered with a tech recruiting firm that uses artificial intelligence.

Veritone Rises With Artificial Intelligence’s Profile

Shares Up 39% as It Strikes Deals, Gets Props

Wall Street in about the past month is liking the story of artificial intelligence and media firm Veritone Inc.

New Bloom: Orange’s Village Nurseries Nears Sale

REAL ESTATE: 500 acres in SoCal; nearly $74M price cited

Orange-based wholesale and retail plant and tree growing business Village Nurseries, which owns more than 500 acres in Southern California, is nearing a court-overseen sale to a Texas-based firm.

Irvine Medical Device Maker Plans Unorthodox IPO

HEALTHCARE: Hancock Jaffe needs FDA OK; low on cash

Hancock Jaffe Laboratories Inc. quietly filed for an initial public offering last month, an unusual move for a developmental-stage company. It intends to raise $15 million.

Huntington Beach Waterfront Site In Line for Reboot

REAL ESTATE: Peter’s Landing sells for $33M

Peter’s Landing Marina, a retail and office property on Pacific Coast Highway overlooking Huntington Harbour, is in line for a makeover after being acquired by an upstart investment firm in Irvine.

PHILANTHROPY

Accelerate Change Together Anaheim is granting nearly $1 million this year to help organizations meet the rising needs of Anaheim youth impacted by poverty, academic challenges and limited opportunities.

OCBJ Calendar

Oct. 2-Oct. 11, 2017

This week's business and other event listings.

Real Estate Deals

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

Nakwon America Inc. sold a freestanding retail strip center in Anaheim to Eric Choi for $3.8 million, or $238 per square foot.

Business Bites

Other items of interest Orange County Business Journal Vol. 40, No. 40

An outdoor amphitheater that will temporarily replace the former Irvine Meadows is scheduled to open this weekend next to Great Park in Irvine.

Evolution of Samuelis’ Record Gift to UCI

$200M to Propel Integrative-Health Approach

When Henry and Susan Samueli first started their foundation in Corona del Mar in 1998, integrative health was one of the two areas of focus.

Tease photo

Feds Look to Seize Irvine Building Amid Metals Probe

REAL ESTATE: Complaint follows Business Journal report

One of the most prominent industrial buildings in the area around John Wayne Airport, the 2323 Main St. building in Irvine, now has a for-lease sign up after years of turning away potential tenants.

Tease photo

Willdan Designs Smart Electrical Grid of the Future

ENGINEERING: Firm targets 20% annual growth

Thomas Brisbin knows first-hand the agony and thrill of a roller coaster ride on Wall Street.

Disruptive Innovation

‘Let’s Do It:’ The Redoubtable Joe Kiani Builds Medical-Device Power

People telling the Masimo Corp. story like to compare it to David and Goliath, the surprising victory of a shepherd boy defeating a nine-foot giant—aka a “garage startup” victor over larger device companies. Except, to Chief Executive and Chairman Joe Kiani, there’s nothing surprising about the company’s success.