OCBJ WEEKLY EDITION

30 Years Away, Why Fram Virjee Returned to OC

EDUCATION: Power lawyer back in power in ivory tower

Framroze Virjee waved goodbye to his colleagues at the prominent Los Angeles-based law firm O’Melveny & Myers LLP and hopped on a plane to live out his retirement in Rwanda.

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What Happens In Vegas

Kingston Player In New Esports Arena

Las Vegas, built on gambling and embellished with rock-star residencies, Broadway musicals, magic acts, adult entertainment and exclusive nightclubs, has a new game in town with a different demographic.

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Yield of Dreams: Candy Man’s Passions Are Child’s Play

Hydrox Hawker Goes Toy Shopping in Newest Push

The business plans at Strategic Marks LLC are in constant motion, as is Ellia Kassoff, the man with the plans, but the business of adolescence takes longer than you think.

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Pacific Hospitality Group Buys AC Hotel in Dallas

HOSPITALITY: Now has four ACs in four states

Pacific Hospitality Group Ventures Inc. affiliate DG Hotels Ventures LLC bought a newly opened 256-room, dual-branded property in Dallas.

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Boeing Looks to Shed Surf City Office, Excess Land

8-Story Office Could Fetch $60 Million, Make Way for Industrial

Boeing Corp. has put one of its largest area properties on the market for sale.

Wells Fargo’s SBA Lending Falls 74%

FINANCE: Bank cites fierce competition in niche

Wells Fargo & Co.’s lending to Orange County small businesses plummeted 74%, based on the latest Business Journal ranking of loans backed by the federal Small Business Administration.

Orange-Based Cirtech Carves Bomb-Parts Niche

Fights Against Rivals for Survival

Brad Reese, during a recent tour of his Cirtech Inc. factory in Orange, pointed out an unusually shaped semiconductor board.

Pang for ‘Green’ Cosmetics Grew Into Retail Brand

Got Lift With Letter Sent to Paris Boutique

Most cosmetics startups consider landing on Sephora shelves as a benchmark of success. For Laguna Beach-based Ilia Beauty Inc., the nod came from Colette, an influential Parisian boutique frequented by Chanel designer Karl Lagerfeld and other fashion gurus.

SBA Lenders See Big Shakeup as Growth Slows

Loans Up 13.2% By Dollar, 5% by Number

A 13.2% growth in Small Business Administration loans by dollar value would normally be a celebration in Orange County.

Real Estate Deals

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

ACS Development Group Inc. leased a medical office building to Children’s Hospital of Orange County for nearly 10 years.

Opportunity

Took students to New York every January.

HB Sand Volleyball Tourney Goes Global

SPORTS: AVP event to host overseas and US teams

The Association of Volleyball Professionals will open its season this week in Huntington Beach with international flair.

Designing a New Economic Model

How a Newport Decorator Got Back in the Black

Interior designers looking to spur their creative juices and graduate out of their home offices can head to a new co-working space in Newport Beach called Studio88.

Private Companies Wanted For Annual List

SPECIAL ISSUE: List will be centerpiece of June 18 edition

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

OC Banks’ Profits Surge

FINANCE: Cite discipline, loans

The biggest banks headquartered in Orange County reported a gusher of profits in the first quarter.

PHILANTHROPY

More than 2,500 volunteers from the Orange County community laced up their shoes in support of critically ill children and their families at this year’s Orange County Ronald McDonald House Walk for Kids.

Heartstitch Gets European Regulatory OK for Device

Technology Used For Mitral Valve Repair

The next frontier in the interventional cardiology world is transcatheter mitral valve repair and replacement.

Surterre Gives Agents a Hand With New Ad Platform

Service Product Of ‘Years Of’ Tech Research

Residential brokerage firm Surterre Properties is getting into the advertising business.

Fullerton Buys Add to Duke Realty’s OC Holdings

$22.8M for Site Follows 2017 Buena Park Deal

Indianapolis-based Duke Realty Corp., one of the country’s top owners of large industrial properties, is beefing up its local portfolio.

Engineer Goes All-In on Coding School Enterprise

Opens OC Outpost Of Small-Classes Concept

Engineer-turned-entrepreneur Jim Shen is bringing an educational concept developed in Silicon Valley to Orange County.

BioCorRx Seeks FDA Nod for Addiction Product

Studying Program Effectiveness Using VR

BioCorRx Inc. Chief Executive Brady Granier said the company’s history of treating addiction long predates President Donald Trump’s public health emergency declaration over opioid addiction.

OCBJ Calendar

April 30-May 9, 2018

This week's business and other event listings.

Business Bites

Other items of interest Orange County Business Journal Vol. 41, No. 18

Santa Ana-based Ducommun Inc. acquired Certified Thermoplastics Co. LLC for $30.5 million.

Providence Head Talks Plans After Merger Dies

HEALTHCARE: Care close to patients, tech in the center

Were St. Louis, Mo.-based Ascension Healthcare and Renton, Wash.-based Providence St. Joseph Health to merge, the health systems would be the largest U.S. owner of hospitals, with 191 across 27 states and the District of Columbia between them—topping Nashville-based HCA Healthcare Inc., which has 177 hospitals in 20 states and the United Kingdom.

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Santa Ana Business Park Sells for Nearly $74 Million

REAL ESTATE: Greenlaw Partners buys 5 buildings

Orange County Business Center, a five-building office park in Santa Ana, has traded hands for nearly $74 million, in one of the largest office deals in the area this year.

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Exporting Arts County

PSO, Carl St. Clair Make it To Carnegie Hall

Orange County’s Pacific Symphony played Carnegie Hall Saturday night (barring the unforeseen—The Business Journal goes to press Friday afternoon). It is as it seems. “A big deal. Always been at the apex,” said symphony President John Forsythe during the intermission of a “practice concert” at Segerstrom Concert Hall on April 14. “And to be invited and part of this series. And finishing it off there Saturday night. Very proud.”

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Vanguard Eyes Updates To Costa Mesa Campus

Project Would Help Boost Enrollment

Vanguard University is planning an extensive renovation and expansion of its Costa Mesa campus in an effort to boost enrollment by more than 25%.

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The Venture Banker

After 26 Years, Byron Roth Keeps Adapting, Embracing Risk

Byron Roth has a feeling that his company’s dealmaking on Wall Street is about to take off.

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Real Estate Deals

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

Stander Properties LLC sold a warehouse to Jianwei Li for $4.6 million, or $215 per square foot.

OCBJ Calendar

April 23-May 2; May 3, 2018

This week's business and other event listings.

Business Bites

Newport Beach-based United Capital Financial Advisers LLC released its newest white-label software for financial advisers.

Ten Bagger

Any job should get a little old after say, 25 years, even for those at the top of their game.

Diagnostics Lab Bulks Up With Buy

HEALTHCARE: Grows SoCal presence with M&A

Vantari Genetics Chief Executive Nick Arroyo said there are only two ways to grow the private company, organically through internal growth or through mergers and acquisitions.

Execs Orchestrate Soul-Soothing Downtime

Moonlighting Gigs Build Client Bases, Help Charities

Orange County is the birthplace of a number of national headliners—No Doubt, Cold War Kids, Sublime, The Offspring and Social Distortion.

Private Companies Wanted For Annual List

SPECIAL ISSUE: List will be centerpiece of June 18 edition

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

Apparel Companies Hemmed Their Job Lines

Losses Eased And Several Bucked Trend

Orange County’s largest apparel companies showed they aren’t immune to the ongoing headwinds facing the apparel industry as local employment in the 12 months through March fell slightly for the second year.

OCTANe Forms Partnership to Attract Outside Cash

Will Tap Family Office Networks

Orange County technology and life science accelerator OCTANe has partnered with New York-based Small Cap Nation, a financial-media content distribution platform that develops news and information through video, social media, articles, broadcast and newsletters. It’s focused on the small-cap sector.