OCBJ WEEKLY EDITION
Publisher Rich Mirman might have caught a break in his bid to boost the OC Register’s value for the remaining investors who took a flyer on Aaron Kushner and Eric Spitz before their vision for the daily proved to be less than 20/20.
MANUFACTURING: Firmly in Luxottica fold years after buy
Jim Jannard sold Oakley Inc. to Luxottica Group SPA in Italy for $2.1 billion eight years ago, but it appears the eyewear conglomerate is just now putting the Foothill Ranch-based subsidiary firmly into its fold.
AUTOMOTIVE: Marketing events rev up hydrogen vehicle
Count Toyota of Orange among the few auto dealerships around the U.S. that will be able to give customers a chance to get a first look under the hood of the new Mirai hydrogen fuel cell electric vehicle, kick its tires, and take it for a spin.
The Susan Samueli Center for Integrative Medicine, part of UC Irvine Health, named Dr. Shaista Malik its director last week.
ENTERTAINMENT: 65,000 expected for 3-day run of D23
Walt Disney Co. didn’t pitch a single one of its upcoming Marvel or Pixar movies at the recent Comic-Con in San Diego, opting instead to reveal them at its own D23 Expo fanfest in Anaheim next week.
More than 250 people attended the Business Journal’s 16th annual Family Owned Business Awards luncheon at Hotel Irvine.
Irvine-based Kareo Inc. said it received a $55.4 million investment.
Irvine-based Axis Research and Technologies Inc. recently filed to sell $20 million worth of stock in an initial public offering.
Irvine-based security software maker Cylance Inc. raised $42 million in a Series C funding round led by DFJ Growth in Menlo Park.
ECONOMY: Centerpiece of Sept. 21 Special Report
Is your company growing fast?
Chef Departs, Kids Fed, Laguna ‘Reunion’
Lots of Tidbits today: • The sad news: The shock of the month came with the announcement that Bruce Marsh, owner of Little Sparrow, the darling little restaurant in downtown Santa Ana, let chef Eric Samaniego go.
Other items of interest Orange County Business Journal Vol. 38, No. 31
Cypress-based Mitsubishi Motors North America Inc. said it plans to end U.S. production.
Seven Sell on Coast For $10M+ During June, July
Six ultra-luxury homes and one property above $10 million sold in June and July: one in Laguna Beach for $14.2 million; two in Dana Point, for $13.5 million and $10.4 million; two in Newport Beach, for $12 million and $10.2 million; and one in Newport Coast for $16 million.
Aug. 3-12, 2015
This week's business and other event listings.
Upcoming Conference To Focus on Trends, Tech
Orange County healthcare execs are gathering in Newport Beach next month to talk trends and technologies in aesthetic medicine and dermatology at a conference presented by Aliso Viejo-based booster group Octane.
Encourages Pursuit of Goals, Highlights Pill
Allergan PLC launched a marketing campaign designed to inspire “millennial women to achieve their professional, personal, health, wellness and societal goals,” all while relying on its birth control products.
Talk Picks Up On Other Potential Bidders
Broadcom Corp. cofounder Henry Nicholas set his hopes high after the Irvine chipmaker announced a $37 billion sale in late May to Avago Technologies Ltd.
Sales and leases of offices, industrial buildings, retail space and apartments
Greenlaw Partners sold a class A office building in Irvine for $11 million, or about $325 per square foot.
The Inland Empire industrial market had robust growth in the first half of the year as tenant demand for space of less than 500,000 square feet continued to propel the market.
Apple REIT’s $20M Buy Follows R.D. Olson Deals
An affiliate of Richmond, Va.-based hotel investor Apple REIT Cos. has added another Orange County property to its portfolio.
Employees at Best Companies Give Rave Reviews
The businesses featured on this week’s Best Places to Work lists say they commit time and resources to create a productive, enjoyable, and balanced workplace, and according to their employees, their efforts are working.
One Foot in France for Surf Label’s Latest Turnaround Plan
Quiksilver Inc. has emerged from a two-year cost-cutting quest as a global company with a streamlined operational structure that straddles the Atlantic Ocean.
HEALTHCARE: Sees big potential in fellow Irvine-based device maker
Edwards Lifesciences Corp. is taking a familiar path to build up its less-invasive heart valve product offerings.
REAL ESTATE: Blackstone unit to be second biggest landlord here
A division of New York-based Blackstone Group is returning to its position as Orange County’s second largest landlord just as the local market for office space looks to be switching into overdrive.
Bryan Cave’s Irvine Office Cultivates Mutual Regard
Bryan Cave LLP’s Irvine office projects a sense of elegance mingled with calm.
New Home Co. Starts With Foundation of Camaraderie
Joan Marcus-Colvin’s life irrevocably changed on June 17, 2014, when her husband of 27 years, John, was struck by a car and killed while riding his bicycle near their Laguna Beach home while training for an Ironman Triathlon.
Bisnar Chase Cultivates Respect, Appreciation
A plot was brewing at the law office of Bisnar Chase in Newport Beach.
The Business Journal’s Best Places to Work lists are the result of months of surveying workers and managers at local employers.
Word on the street has Lennar getting “funky” with at least one of its several projects at Beacon Park, the next phase of Great Park Neighborhoods.
TECHNOLOGY: Software maker recently consolidated here
Software maker Sage North America is moving its U.S. headquarters from Irvine to Atlanta as part of a global restructuring plan.
SPORTS: Founders to keep control with 57.5% stake in site
Aliso Viejo-based startup FantasyAces LLC plans to merge with a company that’s listed on the Toronto Stock Exchange as it seeks capital for its goal of competing at the top level of one of the hottest areas in the entertainment industry.
Reston, Va.-based International Technology Solutions Inc. will cut 500 jobs in Laguna Niguel by July 31 due to the pending loss of a contract with the federal government, according to a state filing.
HEALTHCARE: Comes as stroke guidelines add device
Life under a new corporate owner has been good for what’s soon to be known as Medtronic Neurovascular in Irvine, its top official says.
SPECIAL ISSUE: List will be centerpiece of June 22 edition
The Business Journal is preparing its annual list of privately owned companies for publication in June.
Stand-up paddle board maker Jimmy Styks LLC in Huntington Beach was acquired by Clearfield, Utah-based Vista Outdoor Inc. in a $40 million, all-cash deal.
The Innovation Institute in La Palma, founded with an investment from Irvine-based St. Joseph Health, said the Franciscan Missionaries of Our Lady Health System has become its fourth member and investor.