Orange County Business Journal

OCBJ WEEKLY EDITION

OCBJ Calendar

July 13-22, 2015

This week's business and other event listings.

OC High-Rise Market Continues Improvement in Q1

The high-rise market in Orange County ended the first quarter with increased demand, resulting in 476,089 square feet of positive net absorption, nearly all of which took place in the Greater Airport Area and Central Orange County.

IT Provider Nears $500M in Sales, Aims for $1 Billion

2K Customers Include Big Names Such as Vizio

Irvine-based IT consultancy and service provider Trace3 is on pace to crack $500 million in revenue this year as it attracts new Fortune 500 customers and builds up regional offices.

Vans Has Expansion Plans on Tap for Costa Mesa HQ

City Officials Say 40K SF Planned for New Campus

Comments by Costa Mesa city officials suggest that skate shoe and apparel company Vans Corp. is looking to build a sizeable expansion to the company’s planned new headquarters in the city.

Real Estate Deals

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

Tiki/Polynesian-themed restaurant and bar Don the Beachcomber in Huntington Beach was sold to an undisclosed buyer for $5 million, or $312.50 per square foot.

Ranks of Biggest Women-Owned Businesses Swell to 100-Strong

Orange County’s biggest women-owned businesses generated $3.5 billion in revenue last year, notching a 5.6% increase and extending a streak of gains to five years.

Buchan’s High Bar

Set Record on Athletic Field at Yale, New Pace for Women in World of Hedge Funds

Sports brought Jane Buchan to Orange County from New York City, and the competitive drive honed on the playing fields has continued with her rise into the ranks of the most powerful women in the world of hedge funds.

Graphene True Game Changer? OCWD Wants to Know

TECHNOLOGY: Hopes to test Lockheed product by year-end

The Orange County Water District is standing ready to test a new technology under development by Lockheed Martin Corp. that could be a game-changer on water treatment, with the potential to lower costs as municipalities and private businesses search for new ways to secure supplies in drought-stricken California.

Medical Device Maker Adds to RSM Presence In Deal Pegged at $37M

REAL ESTATE: Cox affiliate sells building, 24.5 acres near toll road

Rancho Santa Margarita-based medical device maker Applied Medical Resources Corp. has bought the largest office building in its hometown for its growing operations.

Bundles Make Big Business for Maker of Security Systems

More Than $70M in Sales To A-List Customers

Priti Sharma moved to Chicago from India at age 16 and at the time had no idea that she would one day own a multimillion-dollar company.

Scripsense Cofounders Aim to Do Well By Doing Good

Gift Card Concept Makes Giving to Charity Easier

Lori Jackson “lived scrip,” as she puts it. The mother of four children attending Serra Catholic School in Rancho Santa Margarita was retrieving gift cards worth thousands of dollars from their backpacks each month and distributing them to friends and family members around the county. The private school would get the cards at a discount, usually 1% to 13%, and resell them through students at face value to parents.

Memo to Anaheim: Entertain This!; Jay’s Judgment: Ed Rocks

“Disney tax break up for renewal,” proclaimed the L.A. Times in its business section last week.

Will NFL Deal Help Hyundai Reverse Field?

MARKETING: Takes GM’s spot in sponsorship lineup

Hyundai Motor America Inc.’s new status as the automotive sponsor of the National Football League—a deal that came at an estimated cost of $50 million a year—could be the ticket to getting the Fountain Valley-based automaker back on pace with the market.

Gross Greets Old Colleague as New Co-Manager

FINANCE: Janus acquires majority stake in Kapstream

Bill Gross got a co-portfolio manager to support his global unconstrained bond strategy for Janus Capital Group Inc.

$12.4 Million Round for Inari Medical

HEALTHCARE: Plans product improvements, clinical studies

Irvine-based startup device maker Inari Medical Inc. has raised $12.4 million in a second round of venture capital funding.

All in the Family

Swimwear Company Her Parents Started Best Fit for Vogel

Raj Manufacturing LLC co-President Lisa Vogel was recently at the pool with her 11-year-old son, Vaughn, when he lobbed a question.

Determined to Defeat Duchenne

Mother Trains Business Experience on Disease That Struck Son

Debra Miller’s son has Duchenne muscular dystrophy.

Seizing Opportunities

Ready When Doors Opened in Benefits Business

Being ready to seize opportunities is as important as the opportunities themselves, says Kristen Allison, president and chief executive of Irvine-based employee benefits specialist Burnham Benefits Insurance Services Inc.

Beat Goes On

Union Bank Treasury Exec Takes Bold Approach

Susan Beat points to boldness as a constant character trait that helped set her apart as she advanced in banking.

ADDENDUM

Other items of interest Orange County Business Journal Vol. 38, No. 27

Walt Disney Co. proposed a $1 billion expansion of its Disneyland theme park in Anaheim that would include new attractions, parking and other infrastructure improvements—and it wants an extension on an exemption against any future entertainment taxes in the city in exchange.

June Gloom Absent from Luxury Coastal Home Sales

14 $4M-Plus Sales Close In Month’s First 2 Weeks

June got off to an auspicious start with 14 luxury home sales over $4 million in the first two weeks of the month.

OCBJ Calendar

July 6-15, 2015

This week's business and other event listings.

Masimo Gets European Approval of Portable Oximeter

MightySat Rx Device Unavailable in US

Masimo Corp. ended June on a regulatory roll.

Nike Gives Spotlight to Subsidiary Hurley, Boardshorts

For 5 Days, Surf Ad Took Over Parent’s Home Page

Summer’s here, and Nike Inc. made sure everyone is aware of boardshorts made by its subsidiary, Hurley International LLC.

New Broadcom Deals Build on China Relationships

Three Ventures Involve Cloud, Set-Tops, Ultra HD

Irvine-based Broadcom Corp., which is set to be acquired for $37 billion by Avago Technologies Ltd., is making a big push in China through strategic partnerships with some of the country’s most influential players.

Real Estate Deals

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

Gumm Investments sold the Pacific Building, a mixed-use property in the Artist Village District of Santa Ana, to Red Rock Management for $5.3 million, or $325.67 per square foot.

West Orange County Industrial Rates Pick Up in Q1

Hardly any development has been in the pipeline in the West Orange County industrial market, and with a dropping vacancy rate, lease rates have steadily ticked up over the past 12 months.

R.D. Olson’s Development Arm to Newport Beach

Relocation from Irvine to 520 Newport Center Tower

Hotel developer R.D. Olson Development is moving its offices to Newport Beach and closer to one of its biggest projects on tap.

Fifi's Best

It always happens.

Olson Takes It Up a Notch in Spectrum

Full-Service Marriott Cost to Top $100M, Get $300+ a Night

R.D. Olson Development is going upscale—and tall—with its latest hotel project in the Irvine Spectrum.

Del Taco Tuesday

Vote on Sale to Chicago-Based Levy Expected to Bring Experience, Expansion

Lake Forest-based Del Taco Holdings Inc. is poised to change its name, be acquired and become a publicly traded company this Tuesday.

Quintana Sale Sets New Benchmark in Airport Area

REAL ESTATE: More deals likely as high end of office market heats up

A five-story office on the former Washington Mutual Inc. campus in Irvine has traded hands for nearly three times its value of five years ago.

Initial Reaction: DGWB Yields to Amusement Park

ADVERTISING: New top exec for 27-year-old Santa Ana ad shop

A new flag flies over the historic city hall building in Santa Ana, home to one of Orange County’s oldest independent advertising agencies.

Golden Truffle’s Alan Greeley Has Recipe for Satisfaction

Creative, Eclectic, Friendly Style Cooks Up Delicious

I don’t even want to count how many restaurants I have eaten in this past year. But I can tell you that no chef has consistently impressed me more over a few decades, and still does, than Alan Greeley, the chef and owner of Golden Truffle in Costa Mesa. This special guy is my pick for Chef of the Year because he thinks globally about food and he makes culinary memories for all of us.

Ko’s Call on Sleep Trend; McLarand’s Double Vision

Toni Ko had a crystal ball to go with her public-speaking chops as she held the crowd of more than 800 rapt with the keynote at the Business Journal’s 21st Annual Women in Business luncheon last week.

Irvine Device Maker Has Designs on Growth

HEALTHCARE: Study, new device build optimism

Irvine-based Breathe Technologies Inc. is looking to get a boost from new clinical study results and a device that’s scheduled to be introduced this year.

Investor Adds Law Firm in Maryland to Holdings

FINANCE: Deal brings eighth company to Plutos Sama stable

Investment holding company Plutos Sama LLC has acquired the Fisher Law Group PLLC, which focuses on resolution of delinquent real estate portfolios.