Orange County Business Journal

OCBJ WEEKLY EDITION

Chapman Master-Planned Irvine Campus Gets Bigger

Chapman University has been aggressively expanding its graduate health science campus in Irvine since it opened in 2014, including adding programs—computational neuroscience and cognitive and brain sciences—and more than tripling its footprint to 25 acres.

By Sherry Hsieh April 17, 2017 midnight share »

Passion, Perfection, Poke Bowls

Tom Donovan, the new managing director at the Resort at Pelican Hill in Newport Coast, officially began his duties on March 29, after running a 780-acre resort in Hawaii.

April 17, 2017 midnight share »

Private Companies Wanted for Annual List

The Business Journal is preparing its annual list of privately owned companies for publication in June.

April 17, 2017 midnight share »

‘Oldest’ Craft Brewer Bets on Beer Cheese, Shakes

Evans Brewing Co. Inc. in Santa Ana calls itself “Orange County’s oldest craft brewery,” and now it wants to add to its retail recipe food based on the beer it makes, plus restaurants.

By Paul Hughes April 17, 2017 midnight share »

PHILANTHROPY

City of Hope hosted its third annual Let’s Be Frank About Cancer Gala on March 11 at the Balboa Bay Resort. More than 400 guests attended the fundraiser, which raised more than $713,000.

By Kim Haman April 17, 2017 midnight share »

Ad Agencies Post 2nd Straight Year of Double-Digit Gains

Let’s see that clip again.

By Mediha DiMartino April 17, 2017 midnight share »

Commercial Printers Hold the Line on 2016 Sales

Orange County’s 29 largest commercial printers combined for $621 million in sales last year, about the same as the group posted in 2015.

By Mediha DiMartino April 17, 2017 midnight share »

ADDENDUM

Arle Capital Partners Ltd., the London-based private equity firm that last year took public the parent company of Palace Entertainment Holdings LLC, sold a 15% stake in the parent for about $221 million to Belgium-based investor Groupe Bruxelles Lambert.

By Hannah Mitchell April 17, 2017 midnight share »

Brewery Built on Home Delivery Expands Storefront

A Huntington Beach craft brewery that started with a crafty way of getting its beers to consumers is expanding its bricks-and-mortar location.

By Deirdre Newman April 17, 2017 midnight share »

OCBJ Calendar

This week's business and other event listings.

By Dana Truong April 17, 2017 midnight share »

Drugmaker Promotes Chemotherapy Trial Results

Spectrum Pharmaceuticals Inc. said testing on rats for its drug Rolontis produced promising data and that it’s begun further work on animals to back its plan to file for Food and Drug Administration approval next year.

By Sherry Hsieh April 17, 2017 midnight share »

Billabong’s Bikini Campaign Outswims the Competition

Laguna Niguel-based Surf Industry Manufacturers Association recognized The Roark Revival in San Juan Capistrano and Billabong in Irvine for producing marketing campaigns of the year at the 14th Annual SIMA Awards ceremony last month in Silverado.

By Mediha DiMartino April 17, 2017 midnight share »

$130M Sale of JCP’s Buena Park Site Sets New Mark

CenterPoint Properties has closed on the buy of J.C. Penney Co.’s massive logistics and distribution facility in Buena Park in one of the largest industrial sales in Orange County in years.

By Mark Mueller April 17, 2017 midnight share »

Chinese Capital Drives Record Foreign Investment

Cross-border capital in Orange County grew last year for the fourth straight year, setting a record $1.2 billion, up 14.6% over 2015 (Figure 1).

April 17, 2017 midnight share »

‘Estadium’ May Boost Blizzard’s Hit Game Overwatch

Activision Blizzard Inc.’s newly launched sports “stadium” in Taiwan should boost exposure and standing for “Overwatch,” the hit first-person shooter game developed by Irvine-based subsidiary Blizzard Entertainment Inc.

By Chris Casacchia April 17, 2017 midnight share »

Real Estate Deals

Scott Maison and Tiffany Wilson sold a 24,570-square-foot manufacturing building in Tustin to Grant W. Miller for $5.1 million, or about $208 per square foot.

April 17, 2017 midnight share »
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TRI Pointe Stock Performance Slammed by Starwood

An eight-year partnership between Irvine-based homebuilder TRI Pointe Group Inc. and its former majority shareholder ended on an unexpected sour note.

By Mark Mueller April 14, 2017 8:12 a.m. share »
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Bill Gross Wins, But Still Chasing PIMCO

Bill Gross can claim he won a battle when the company he co-founded, Pacific Investment Management Co., agreed late last month to pay him an estimated $81 million to resolve a bitter split.

By Peter J. Brennan April 13, 2017 11:05 a.m. share »
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Eyes Have It ... Again

Another Orange County device maker wants an aging U.S. population to see better.

By Sherry Hsieh April 12, 2017 11:02 a.m. share »
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New Home Preps 275 Acres in Corona

The New Home Co. Inc., one of the most active builders on the Irvine Ranch and other area master-planned communities owned by Orange County’s largest landowners, is turning the tables for a new project it has in the works just over the Riverside County line in Corona.

By Mark Mueller April 11, 2017 11:09 a.m. share »
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TTM’s View From the Top

TTM Technologies Inc. has taken an unconventional route to become the nation’s largest printed circuit board maker.

By Chris Casacchia April 10, 2017 10:57 a.m. share »

Bull Market for Public Cos.

It was another year of change for Orange County-based public companies.

By Paul Hughes April 10, 2017 midnight share »

Change as Constant; Code as Culture

Check the front-page story on the biggest publicly traded companies based in OC, and you’ll get in sync with Catherine Wood, founder, CEO and CIO of ARK Invest, which specializes in active ETFs that aim to get their arms around the much-ballyhooed, often-misunderstood “disruptors” of today’s business world.

By Jerry Sullivan April 10, 2017 midnight share »

Irvine Co. Thinks Small With Spectrum Purchase

Irvine Company has bought a low-rise office campus in the shadow of Broadcom Ltd.’s new office campus in the Irvine Spectrum.

By Mark Mueller April 10, 2017 midnight share »

Vans Parent Foresees 47% Sales Jump

Is a $3.37 billion revenue goal slightly “off the wall,” even for action sports industry superstar Vans Inc.?

By Mediha DiMartino April 10, 2017 midnight share »

Trade Show Operator Plans More Growth Post-IPO

San Juan Capistrano-based Emerald Expositions LLC spent nearly $190 million since early 2015 on a dozen acquisitions, according to the initial public offering it filed with the Securities and Exchange Commission on March 31.

By Mediha DiMartino April 10, 2017 midnight share »

OC’s Stock Market Underbelly Full of Surprises

Blackcraft Cult Inc. opposes organized religion, but it sure likes the stock market.

By Peter J. Brennan April 10, 2017 midnight share »

Device Maker With OC HQ Purchased

London-based private equity firm Apax Partners LLC agreed to buy Syneron Medical Ltd. for $397 million in cash.

April 10, 2017 midnight share »

Bank Reviews Options Per Regulators

California First National Bancorp, which has been criticized for its commercial loan portfolio, said it’s undertaking a strategic review of options after a regulator advised further reduction of leveraged loans.

April 10, 2017 midnight share »

Southwest Adds Sacramento From LB

Southwest Airlines will fly to Sacramento from Long Beach Airport starting in August.

April 10, 2017 midnight share »

Volcom Exec Exits for Billabong in CM

Kevin Meehan left the role of Volcom Americas president to join Billabong Group’s RVCA in Costa Mesa as global general manager.

April 10, 2017 midnight share »

ADDENDUM

John Mack, former chairman and chief executive at Morgan Stanley, was appointed chairman of the board of managers of Newport Beach-based Lantern Credit LLC.

By Hannah Mitchell April 10, 2017 midnight share »

First-Quarter Home Sales Best 2016, 2015 Numbers

Seventy-one Orange County homes sales closed at or above the $4 million mark in the first quarter, eclipsing the same time period in both 2016 and 2015, according to real estate aggregator Redfin.

By Kim Haman April 10, 2017 midnight share »

OCBJ Calendar

This week's business and other event listings.

By Dana Truong April 10, 2017 midnight share »

MemorialCare Medical Burnishes Services to Women

MemorialCare Medical Group strengthened its strongholds in Fountain Valley and Long Beach with new services geared toward women—including prenatal and gynecological care—at two locations.

By Sherry Hsieh April 10, 2017 midnight share »

Hyundai Runs With LA Marathon Sponsorship Opp

Hyundai Motor America Inc. in Fountain Valley debuted last month as the official automotive partner of The Skechers Performance Los Angeles Marathon, a new sponsorship category.

By Mediha DiMartino April 10, 2017 midnight share »

Revamped Kaleidoscope Shopping Center Up for Sale

Mission Viejo’s Kaleidoscope shopping center is for sale.

By Mark Mueller April 10, 2017 midnight share »