Orange County Business Journal

OCBJ WEEKLY EDITION

King’s Seafood Plans Water Grill in OC

DINING: High-end concept in downtown LA, Santa Monica

Costa Mesa-based restaurant operator King’s Seafood Co. plans to put a minimum of $5 million into an Orange County location of its high-end Water Grill.

Accounting Firms Tally Up 4% in OC Staff Increases

Gains Represent Third Year of Local Staff Jumps

Orange County’s top accounting firms combined to grow their local offices by 4%, continuing a run of employment gains for the third straight year.

D-Link Looks to Grow on Gear for Connected Homes

TECHNOLOGY: New products ready, ad campaign in works

Fountain Valley-based D-Link Systems Inc. is making an aggressive move into the connected-home market with a slew of new products, big retail distributors, and its first national TV campaign.

Toshiba Aims to Print Up New Image for Irvine Unit

MEDIA: Eyes role as manager of information in mobile world

Toshiba America Business Solutions Inc., an Irvine-based print product powerhouse, has seen the writing on the wall for some time now—advances in mobile technology are changing the way companies communicate, a shift that’s pushing its once-legacy business toward oblivion.

Management Consultants Grow OC Workforces 25%

Regulatory Changes, Plus Acquisition Fuel Increase

Orange County’s top management consulting firms grew their local offices by 25% over the past year, the highest rate since a recovery in hiring began in 2011.

TRI Pointe Expands Operations Post Weyerhaeuser Close

REAL ESTATE: Builder hires, grows office, as home prices rise

Expect a larger headquarters in Irvine but not much else in the way of local changes at TRI Pointe Homes Inc. following its audacious buy of the homebuilding division of Federal Way, Wash.-based timber conglomerate Weyerhaeuser Co.

USC’s Keck Gets OC Medical Practice

Keck Medicine of USC, the University of Southern California’s medical enterprise, acquired Orange Coast Oncology Hematology Medical Associates for an undisclosed price as part of a cancer-treatment network allowing local patients to avoid trips to Los Angeles for care.

ClearLight Sells Juice Maker for $150M

Newport Beach-based private equity firm ClearLight Partners LLC sold portfolio company Apple & Eve LLC to Canadian food manufacturer Lassonde Industries Inc. for about $150 million.

Ex-Ahold CFO Joins Western Digital Board

Irvine-based memory products maker Western Digital Corp. expanded its board of directors with the appointment of finance veteran Paula Price.

Oculus VR Buys, Announces Conference

Irvine-based Oculus VR Inc. announced another acquisition and plans to host a September developer conference in Los Angeles.

Irvine Healthcare REIT Sale Possible

Irvine-based Griffin-American Healthcare REIT II, an owner of healthcare-related real estate properties, could be bought by NorthStar Realty Finance Corp. of New York, according to news reports.

Fastest-Growing Private Cos. Wanted for List

ECONOMY: Centerpiece of Sept. 22 Special Report

We know you’re out there. The Business Journal is producing its annual list of fastest-growing privately held companies, set to appear as the centerpiece of a Special Report in its Sept. 22 issue.

Different Extras Catch Luxury Homebuyers’ Eyes

Marble Baths, Wine Rooms Coveted; Others Less So

Marketing a luxury home in coastal Orange County is a science.

ADDENDUM

Other items of interest Orange County Business Journal

Huntington Beach-based apparel maker Quiksilver Inc. entered into licensing agreements for several product categories, Chief Executive Andy Mooney said.

OCBJ Calendar

July 14-22, 2014

This week's business and other event listings.

Kaiser Permanente Official Discusses Health Trends

Small Providers, Plans Could Join Under Reform

An official who works for the largest health maintenance organization operating in OC recently visited an unusual forum to talk health trends: an investment bank that covers some of its for-profit competitors.

Kingston Ad’s Gender Stereotypes Target Inner Geek

Gadgets Save Boyfriend Bored By Girls’ Day Out

Kingston Technology Co.’s TV spot—“This is Sam—the story of the DT microDuo”—uses gender stereotypes to tap into consumers’ inner geek.

Mid-Counties Industrial Market Activity Up 15%

First-quarter activity in the Mid-Counties industrial market continued to be led by users of 10,000- to 60,000-square-foot properties, which made up 44 of the 51 transactions.

Software-as-a-Service Provider Grows Into New HQ

Project Insight’s Revenue Climbs Quickly

An Irvine software company that’s helped Gap, Cisco and Dell streamline work projects has expanded into a new 5,000-square-foot headquarters.

Real Estate Deals

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

The Mayfield Trust sold a multitenant shopping center in Lake Forest to a private China-based buyer for $7.6 million.

Brea Office Fetches $20.8 Million After Upgrade

Zodiac Inflight Building Sells to Ex-Arden CEO

A Brea office largely occupied by Zodiac Inflight Innovations, a maker of portable in-flight entertainment players and related software, has traded hands for more than $20 million.

First Look at Spectrum Tower

Irvine Company Goes With Glass for ‘Iconic’ Plan

The newest office tower planned for the Irvine Spectrum is expected to gain attention for more than its size.

Women’s Work: Revenue Growth, New Hires

Female-Owned Businesses Top $3B, 26,000 Jobs

Orange County’s biggest women-owned businesses combined to grow revenue by 7% last year, notching a fourth-straight year of top-line gains for a total of $3.1 billion.

How Zee Sees It

Allred’s Career Brings Business, Family, Community Together

Name a challenge that could faze a businesswoman.

Commercial Plans for Great Park Look Fit For Broadcom Campus

REAL ESTATE: Preliminary plan calls for 8 buildings, 2 million square feet

The developers of the Great Park Neighborhoods in Irvine have filed plans for the first batch of commercial construction at the former El Toro Marine Corps air station, a 2-million-square-foot office park that appears designed to hold the headquarters and expanded operations of Broadcom Corp.

CSUF Survey Shows Trim on Q3 Outlook

ECONOMY: Quarterly index shows slight dip on mixed sentiments

Orange County business executives are feeling less optimistic about the local economy heading into the third quarter, according to the latest quarterly index of business sentiments published by the Mihaylo College of Business and Economics at California State University-Fullerton.

Entrepreneur Turned Childhood Tragedy Into Solution

Helps Companies Keep Workers Safe on the Job

Marjorie Del Toro wants to make sure everyone comes home safe from work, a mission she took upon herself years after a string of preventable accidents marred her childhood.

Decision to Quit Led to Start of Agency of Her Own

Trip Designs Specializes in Balkans, Personal Touch

Milica Obradovic’s plunge into business ownership was a “spur-of-the-moment decision” she made when the manager at a travel agency where she worked for 15 years tipped her “over the edge.”

Of Gender & Jobs; Zee Is for Zelma; ‘Creekside Chic’

There’s been much consternation about the relatively slow pace of employment growth nationally, even with last week’s report of a big gain on jobs in June.

LA Fitness Buyout Plan Calls for $1.6B in Credit

SERVICES: Reports say $1B would go to single stakeholder

A new financing deal in the works for LA Fitness could result in a change in the ownership structure of the Irvine-based fitness chain.

New Brand Plan for Reorganized Visitor Bureau

HOSPITALITY: Possible name change for Anaheim/OC group

The Anaheim/Orange County Visitor & Convention Bureau will rebrand itself, with a new name and logo as possibilities by year-end.

Electromagnetic Filter Maker in SA Acquired

Santa Ana-based Filter Concepts Inc. has been acquired by Astrodyne Corp. on undisclosed terms.

Business School Dean Puts Change in Air at Concordia

EDUCATION: Christensen oversees new MBA programs

Steve Christensen is full-throated—like his hometown.

Juice Chains Eye OC as Prime Territory in Growth Push

RESTAURANTS: 2 based here to add locations at ambitious clip

Orange County is getting juicier.

Ingram Micro Buys Minn. IT Provider

Santa Ana-based Ingram Micro Inc. acquired a Minnesota Internet technology provider to bolster its professional services offerings for its network of global resellers.

Dental Products Maker Buys in Oxnard

Orange-based dental products maker Kerr Corp. acquired a pair of business units in Oxnard in an effort to expand its portfolio of dental products and to venture into the animal healthcare market.

Investment Bank in Three Funding Deals

Newport Beach-based investment bank Digital Offering LLC helped raise more than $10 million for its first batch of clients, including two with headquarters in Orange County.