Orange County Business Journal

OCBJ WEEKLY EDITION

ADDENDUM

Other items of interest Orange County Business Journal Vol. 39, No. 28

University of California-Irvine and the other schools in the UC system increased the number of California-based students they offered admission for the year starting in the fall.

Masimo Gets OK for Device That Moves With Patient

Says Monitor Avoids False Readings of Past Products

The Food and Drug Administration closed out June with a pair of approvals for an established Orange County medical device maker and a startup.

Agency Says Win at Cannes One for Racial Awareness

Amusement Park Work On Video Gets It Lion Award

Amusement Park in Santa Ana won a Bronze Lion in the film craft category at the Cannes Lions International Festival of Creativity for its “use of original music” in a video promoting HARMAN International’s JBL brand of wireless speakers.

OCBJ Calendar

July 11-20, 2016

This week's business and other event listings.

West OC Industrial Market Healthy in Q1

The West Orange County industrial submarket started off the year with 637,219 square feet of gross activity, resulting in 47,401 square feet of positive net absorption focused in the manufacturing and warehouse segment.

Execs of OC Tech Stalwart Strike Out on Their Own

Some See Better Breaks, Others Innovate on Own

Vast strategic and management changes and hundreds of local job cuts initiated over the past few years at Broadcom Corp. and more recently at Broadcom Ltd. are creating opportunities for former executives that ultimately could reshape Orange County’s technology landscape.

RMV Development Picks Six for Next Home Phase

4 OC-Based Builders In Mix for 522-Home Project

Rancho Mission Viejo LLC has announced the builders who will be selling the next set of homes at its massive development under way in South Orange County.

Real Estate Deals

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

Children’s Hospital of Orange County sold a two-story multifamily apartment complex in Orange to the Mary Elizabeth Shen Family LLC for $3.8 million, or about $254,333 per unit.

Pulido’s Pals; Doti’s Elbow Room; Witte’s Range

Anyone else notice former L.A. mayor, current Banc of California adviser and potential 2018 gubernatorial candidate Antonio Villaraigosa introduced Santa Ana Mayor Miguel Pulido at last week’s State of the City Address?

Toll’s Irvine Land Spree Continues in Orchard Hills

REAL ESTATE: Pays about $200M for nearly 161 acres

Toll Brothers Inc. has completed the purchase of a sizeable parcel of developable land at the Orchard Hills community in Irvine, adding to the company’s collection of high-end home sites in the city.

Lincoln Property’s Top OC Exec Starts Own Firm

REAL ESTATE: Plans initial focus on office, retail projects

Kevin Hayes, the head of Lincoln Property Co.’s sizeable Orange County operations, has left the Dallas-based real estate investor and developer to start his own firm.

Dana Point Hotel Site to Chicago Buyer?

A prospective hotel developer has bought land near Coast Highway and Dana Point Harbor Drive that was the site of a defunct inn and a more recent failed attempt to develop a 250-room hotel.

Perfect Roast

Portola Coffee Lab Grows Hobby Into Retail Chain

Coffee’s an accommodating beverage.

Long Interest

How Ruffled Feathers Keep Markall, R.A. Industries on Move

When Santa Ana-based engineering firms Markall Inc. and R.A. Industries LLC received the Business Journal’s Longevity Award for Family-Owned Businesses, three generations of family members got the rare opportunity to partake in a group accomplishment.

Kia Tops Premium Peers on J.D. Power Ranking

1st Nonpremium Brand On Initial Quality List in Years

Kia Motors America Inc. in Irvine topped J.D. Power’s 2016 Initial Quality Study—the first nonpremium brand to do so in the past 27 years.

Upward Lift

‘Shark Tank’ Helps Slyde Handboards Catch an Investment Wave

When Steve Watts, founder of San Clemente-based Slyde Handboards, started dating Angela Ferendo, neither of them imagined that the personal relationship would evolve into a professional one. But she soon started helping him with small things, such as shipping and customer service. And he trusted her enough to hand over the company’s financial information, he said.

How Women Mean Business

Where Communication, Collaboration, Success Intersect

Michelle Jordan ventured across the Atlantic Ocean decades ago in pursuit of her personal version of the American dream.

Women-Owned Firms Turn Revenue Hike Into Big Job Gains

ECONOMY: Largest up 20% overall, 9.2% on local hires

Orange County’s biggest women-owned businesses generated more than $3.75 billion in revenue last year, a 7% annual increase and the sixth consecutive year of growth.

Even More Of A Family Matter On Mariner’s Mile

REAL ESTATE: Duffy parcel now in Moshayedis’ Coast Highway portfolio

The biggest property owners in the Mariner’s Mile area of Newport Beach have added another notable—and pricey—waterfront site as they continue an effort to revamp the high-traffic area.

Global Specializes in Decommissioning U.S. Navy Vessels

Newport Beach-based defense contractor Global, A 1st Flagship Company has managed to place No. 23 among Orange County’s 110 largest women-owned businesses on the strength of a single client.

By the Sweat of Her Brow

Expansion in Irvine Done; Asia Growth Ongoing

Chief Executive Natalie Plain is looking for a “perfect partner” to help shape the future of her Billion Dollar Brows business.

Micro Greens, Mega Growth

Urban Produce to License Vertical Growing System

Urban Produce LLC has branched out—it’s started licensing its high-density vertical growing system in hopes the move will account for about 70% of its revenue within the next five years.

One Word: Plastics

Fullerton Manufacturer Grows Into 3rd Generation

David Kietzke, the president and chief executive of Professional Plastics Inc. in Fullerton, never expected he would be in business for 32 years.

PHILANTHROPY

Goodwill of Orange County opened its Thomas T. and Elizabeth C. Tierney Center for Veteran Services building in Tustin, an all-in-one resource for military veterans living in Orange County and their families.

ADDENDUM

Other items of interest Orange County Business Journal Vol. 39, No. 27

The U.S. Department of Education will forgive $171 million in debt owed by former Corinthian Colleges Inc. students, according to news reports.

Innovation Institute Company Buys Fullerton Building

Realty Firm Aims to Grow St. Jude, Own Portfolio

A portfolio company of the La Palma-based Innovation Institute is making real estate moves.

OCBJ Calendar

July 4-13, 2016

This week's business and other event listings.

Low-Rise Market Takes Positive Turn in Q1

Low-rise office buildings are a significant part of the office market in Orange County, accounting for over half—54,841,082 square feet—of the total office space.

Electronics Maker to Develop Apple Home Device

D-Link Wi-Fi Camera To Join HomeKit Products List

Fountain Valley-based D-Link Systems Inc. has its first product approved for Apple Inc.’s developing HomeKit platform, which offers a selection of services for connected-home devices.

Real Estate Deals

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

Richard Ya Lee Trust sold an office building in Garden Grove to Nhan Hoa Comprehensive Clinic Inc. for $6.2 million, or about $232 per square foot.

OC Firm with USC Ties Has Big Plans Near Campus

Trojan QB’s Firm Eyeing 3.3 Acres Near Stadium

Spectrum Group Real Estate, an Irvine-based real estate investment and development management firm whose execs have connections to the University of Southern California, is planning to build a sizeable mixed-use property not far from the school’s campus south of downtown Los Angeles.

Provocative Ad Gets Presidential Race From All Angles

360fly Parodies Election Issue to Sell New Camera

An Aliso Viejo-based tech startup that created a single-lens camera to capture “stitchless” 360-degree video just aired a new and provocative national advertising campaign.

Olson Goes to Hollywood

Aims to Follow Paséa, Spectrum Marriott With Art Deco Entry in LA

A 21-story, art deco-inspired hotel planned for the heart of Hollywood marks the latest chapter in R.D. Olson Development’s recent push into the high end of the hospitality market.

Big Data as Startup Material

18 Companies Thrive Under Frost’s Banner in South OC

Frost Data Capital is like a modern mining company.

Ex-Allergan Chief Offers Another View of Valeant

HEALTHCARE: Pyott says it should’ve pursued more buys itself

David Pyott says he would have done a few things differently leading up to his ultimately successful attempt to beat back a hostile takeover attempt of Allergan Inc. about two years ago.

PacSun Likely To Drop About 25% Of Its Stores

APPAREL: Poor-performing shops targeted post-bankruptcy

Pacific Sunwear of California Inc. is likely to emerge from bankruptcy with about 450 stores, 25% fewer than it had prior to its Chapter 11 filing, said Ivan Friedman, founder and chief executive of RCS Real Estate Advisors in New York, which is handling lease negotiations for the Anaheim-based retailer.

Italian With Drive to Cook Realizes Food Lover’s Dream

Family Ties, European Training Fuse at The Ranch

It’s part of my job to watch what a lot of chefs are doing. Some, of course, are more impressive than others. Watching a fine chef open a restaurant and keep on doing his job so well that the public, year after year, continues to embrace the concept and the food makes for a great candidate for Chef of the Year.