OCBJ WEEKLY EDITION

Major Mixed-Use Project Proposed for Mariner’s Mile

REAL ESTATE: Collection of Moshayedi family properties eyed for 600,000 SF

The biggest property owners in the Mariner’s Mile area of Newport Beach have proposed the largest development the high-traffic area’s had in years, a mixed-use project featuring retail, offices, restaurants and apartments.

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Another Year …

Didn’t We Just Have One of Those?

New years are odd ducks, no matter how they look.

OCBJ Calendar

This week's business and other event listings.

Business Bites

Other items of interest Orange County Business Journal Vol. 40, No. 51

Irvine-based Karma Automotive LLC tapped Liang Zhou to replace Thomas Corcoran as chief executive of the luxury carmaker.

TTM Envisions Growth Via Anaren Purchase

TECHNOLOGY: Would bring new markets, bolster others

TTM Technologies Inc.’s proposed $775 million buy of Anaren Inc. from affiliates of New York private equity firm Veritas Capital would bolster product offerings in the aerospace, defense and networking communications sectors while providing growth opportunities in the industrial, medical and automotive markets.

Edwards ‘Aggressive Investor’ in Mitral, Tricuspid

HEALTHCARE: Zovighian leads new valve division

Edwards Lifesciences Corp. Chief Executive Michael Mussallem reminded the crowd attending the company’s annual investor conference in New York this month that despite the success the company’s had with transcatheter heart valves, the technology is still relatively new.

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ETF Pioneer Enters OC Market Again

FINANCE: Boston wealth manager hires PIMCO SVP

3EDGE Asset Management LP, a new Boston-based wealth manager founded by one of the pioneers of exchange traded funds, has entered the Orange County market by hiring a veteran of Pacific Investment Management Co.

2018 Preview: Technology

Two of Orange County’s closely watched technology stories of 2017 should find resolution in the new year.

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2018 Preview: Finance

Orange County, whose $221 billion economy is roughly the size of Portugal’s, will see plenty of excitement this coming year in its financial sector.

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2018 Preview: Real Estate

Orange County’s real estate market is approaching its ninth year of growth, albeit sometimes choppy growth, largely unprecedented territory considering most real estate cycles last six or seven years at best.

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2018 Preview: Healthcare

Care delivery is a topic that is simultaneously growing bigger and smaller.

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2018 Preview: Hospitailty & Tourism

What have you done for me lately?

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AiVita Advances on Clinical, Commercial Pipelines

Enrolled First Patient; Launched Beauty Line

Irvine-based regenerative medicine company AiVita Biomedical Inc. feels good that it has a cash-generating beauty product arm to cushion clinical development of its cancer drug.

Santa Would Approve: Milk on Mag’s Holiday Issue

Food & Wine Wrap To Celebrate Its Charms

A takeover of Time Inc.’s Food & Wine magazine’s holiday issue is the newest installment of the California Milk Processor Board’s “Food Loves Milk” campaign.

Los Olivos Expansion Plans Include For-Sale Homes

169 Detached Condos And 1,781 Rentals Eyed

Irvine Co. plans to add a limited amount of for-sale housing to offerings in its Los Olivos community in the Irvine Spectrum area.

Time for Ephesoft Boss to Run His Own Company

Kavas Founded Software Maker With $1,000 in 2010

Ike Kavas, who took the top post last week at the Laguna Hills software company he co-founded seven years ago, has laid out an aggressive strategy to ramp up Ephesoft Inc.

Duo Say They Take Nutritional Drinks to Next Level

Four-Product Juice Offering Targets Athletes

The cold-pressed juice market is saturated, which is why Mode Nutrition Chief Executive and co-founder Tammo Walter say it isn’t enough to offer only cold-pressed juices.

What’s in Store for High-End Home Market in 2018?

Several Experts Foresee More of the Same Highs

"It is an end of an era.”

Multistory Warehouses: Future is Growing Up, Not Out

Increased consumer expectations for same-day and next-day delivery have placed pressure on retailers and third-party logistics users to find industrial space near influential population centers.

On California

Good News First. Then SALT Talk.

Regular readers of this column know I’ve gotten close but not quite to the finish line in explaining variation in home prices across California counties.

2017 Year In Review: Real Estate

5 Big Stories

Irvine Ranch became the country’s largest source of new-home sales; Great Park Neighborhoods, Rancho Mission Viejo and Lake Forest’s Baker Ranch were also among the 25-best-selling communities in the U.S.; and average new-home prices in Orange County veered closer to $1 million.

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Chapman Sees Largest Tax Hike in State History

OC Job Growth a Mixed Message

The Orange County economy is facing both good news and bad in the coming year, according to Chapman University’s annual forecast.

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Lennar Regional Executives Tapped

REAL ESTATE: Roos gets OC, West; 1 spot for CalAtlantic

Lennar Corp. plans to install its own executives in the top spot in four of the five national homebuilding regions it will run after buying Irvine-based Cal- Atlantic Homes, according to company documents provided to the Business Journal.

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Flute Bug Skips Another Generation of McLarands

Needle Point: Wednesday, Dec. 6, I was commended to read two books (in one year?) … “Reinventing the Administrative State” and “Financial Management Theory in the Public Sector,” –both apparently preach the same sermon: “When Money Talks, the Truth is Silent.”

Subprime Auto Firm Veros Buys HQ in Busy Year

REAL ESTATE: $165M securitization firm’s first

The acquisition of Veros Credit LLC’s Santa Ana headquarters is the latest piece of notable business this year for the family-owned auto finance company, which is taking steps to ramp up lending operations.

Toshiba Unit’s StubHub Win May Lead to Bigger Deals

TECHNOLOGY: Digital work makes up for print decline

Toshiba America Business Solutions Inc.’s multimillion-dollar contract to outfit the StubHub Center in Carson with ultra-high-definition scoreboards and digital ribbon displays highlights one of the few growth markets in an otherwise flat sector challenged by the dwindling life of print.

Anton & Chia Fights SEC Charges

FINANCE: Accounting firm’s penny stock audits scrutinized

Newport Beach-based Anton & Chia LLP, ranked on the Business Journal’s list of Orange County accounting firms, is disputing civil fraud allegations brought by the Securities and Exchange Commission involving penny stocks.

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2017 Year in Review: Technology

5 Big Stories

Western Digital Corp.’s decision to quietly redesignate headquarters from Irvine to Silicon Valley highlighted the ongoing challenge of scaling public companies and keeping them here.

2017 Year in Review: Healthcare

Allergan PLC’s (NYSE: AGN) transfer of patents on its blockbuster dry-eye drug Restasis to a Native American Tribe in September is not only a top story this year, but one that will continue unfolding into 2018.

2017 Year in Review: Hospitality & Tourism

Top o’ the pops this year was every one of the 200,000 new square feet at Anaheim Convention Center and attendant growth in area hotel activity.

2017 Year in Review: Finance

Who says bankers are dull? They aren’t in Orange County, not this year.

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2017 Year in Review: Retail & Marketing

Orange County is home to five automakers, three of which had a moving 2017.

Taiwanese Company Says Irvine Device Stronghold

Plans to Strengthen US HQ as R&D Center

He pointed out that while the company is a relatively new player in the U.S.—it received Food and Drug Administration clearance of its knee and hip replacement products in the early 2000’s but didn’t start selling in the U.S. until 2014—“we have a long history in providing innovative orthopedic implants and instrumentation product.”

UCI’s Claire Trevor School Makes a Business of Dance

EDUCATION: UCI trains for performing, management

Dance is less of a profession and more of a passion that draws artists early in life—and often down the road they’re encouraged to give up the passion for more practical endeavors.

Philanthropy

On Oct. 14 Irvine Public Schools Foundation hosted its eighth annual Spirit of Excellence Gala at KIA Motors America.

Aerie to Build Manufacturing Facility in Ireland

Site to Support 2020 Global Commercialization

Aerie Pharmaceuticals Inc. (NASDAQ: AERI) continues to ramp up in anticipation of upcoming Food and Drug Administration approval of glaucoma drug Rhopressa.

Vans Brand Cues Up Song Lists for Apple Listeners

Chosen to Be One Of 60 Curators of Playlists

House of Vans, a string of music venues hosted by Vans Inc. in Costa Mesa, is now one of more than 60 curators for Apple Music, tasked with perusing 40 million songs available on the streaming platform and developing playlists that its audiences would appreciate.