TECHNOLOGY: Board changer on way; marker challenges ahead
Emulex Corp. Chief Executive Jeff Benck will get a shot at turning around the networking equipment maker after getting a nod from activist investors that eluded his predecessor.
REAL ESTATE: Builder establishes new division for high-end residential
Newport Beach-based homebuilder City Ventures Inc. has launched a luxury home division that will focus on some of the company’s premier land locations in California
Buyers Hope Rents Start to Jibe With Big Sales Spurt
Investors and tenant brokers appear to be of two different minds when gauging the health of Orange County’s office market heading into 2014.
OC INSIDER Column by Jerry Sullivan
HEALTHCARE: Looks to boost cash, focus on core dental line
Irvine-based medical device maker Biolase Inc.’s move to sell noncore assets signals a plan to double down on its main dental laser business.
REAL ESTATE: Plans makeover in Irvine with weather in mind
Irvine-based Bixby Land Co. is bringing its model for creative office space redevelopment closer to home.
EMPLOYMENT: Exec searcher puts OCer in charge of SoCal bid
Global executive search firm Boyden World Corp. has re-entered Southern California and tapped Orange County resident Peter Santora as a managing partner to oversee its operations here and in the Los Angeles market.
FINANCE: Buys broker-dealer, eyes commonwealth’s bonds
Newport Beach-based investment bank Fairbridge Capital Partners LLC is making a play in Puerto Rico through an acquisition of one of the largest securities brokers there.
Nearly 400 on Hand at Business Journal, CSUF Event
A crowd of more than 375 turned out for a Nov. 13 luncheon at the Hyatt Regency Irvine to laud five honorees as part of the 14th annual Family Owned Business awards hosted by the Business Journal and California State University, Fullerton’s Center for Family Business.
Spectrum Group International Inc. said it plans to delist its shares from national securities exchanges and spin off a subsidiary.
Softer Demand, BK in Mix; 2 Newcomers Make List
Orange County’s largest chipmakers combined for a slight drop in jobs over the last 12 months as the local industry was hit by restructurings, a bankruptcy and generally soft demand. Includes the 2013 OC's LARGEST CHIPMAKERS list for download (pdf)
The parent of Newport Beach-based Pacific Investment Management Co. replaced Pimco asset managers with its own advisers
The parents of several local amusement parks had strong earnings in their recently ended quarters
The list of Surf Industry Manufacturers Association’s annual SIMA Image Award nominees is out and once again dominated by Orange County-based action-sports companies.
PHILANTHROPY Column by Kim Haman
Other news items of interest from the Orange County Business Journal
Orange County’s office market remained steady in the third quarter, posting small gains in rental rates, vacancy and absorption.
The downward trend of Orange County industrial vacancy rates continued through the third quarter
U.S. retail sales increased in August by a modest 0.1% over July, tempered by short-term economic concerns.
November 18-27, 2013
A listing of business events happening all around Orange County.
Says It Opens Up Product Pipeline, Expansion Paths
Executives of Irvine-based Quality Systems Inc. are bubbling over about their company’s newest deal.
Campaign Urges Kids of All Ages to Visit Parks
Walt Disney Co.’s new marketing campaign encourages fans to tap into their “Disney Side” and visit the local theme park—with or without the little ones.
Anaheim Buy Follows Yorba Linda Auction Win
Rexford Industrial Realty Inc., a Los Angeles-based industrial real estate investor that went public this year, has snapped up a pair of business parks in North County for about $23.3 million.
Former Quest Executive Scouts Twin Cities
Vinny Smith’s Toba Capital has taken another stake in a Minnesota-based storage networking provider headed by venture partner and former Quest Software executive Walter Angerer.
Sales and leases of offices, industrial buildings, retail space and apartments
Marine Corps veteran Jacob Lampe returned to Orange County from Afghanistan in 2011 at age 23, a different man than the one who had left a few years before.
Businessman Gives Empty Homes to Returning Veterans
Serendipity—it’s not a word often associated with the challenge of providing housing for wounded war veterans, but in the case of the nonprofit organization Apartments4Heroes, it’s apropos.
REAL ESTATE: $2.7 billion deal gives homebuilder national presence
A $2.7 billion bet on an improving housing market is set to make TRI Pointe Homes Inc. a national presence among homebuilders
AUTOMOTIVE: Upfits spurred by sales, carmaker beauty standards
The huge white dome that was Allen Family Automotive Group’s Cadillac showroom was leveled last month.
TECHNOLOGY: GreenWave moving to bigger HQ, hiring 200+
A low-profile Irvine technology company headed by former Apple, Google and Cisco Systems executives is in the midst of an aggressive expansion plan in Orange County.
OC INSIDER by Jerry Sullivan
FINANCE: 32 quarterly losses, TARP burden gets heavier
The latest check on Saigon National Bank indicates little progress at the struggling community bank in Westminster and much room for questions about its future.
MEDIA: Local Corp. enjoys success, eyes more growth
Local Corp. bills itself as the “No. 2” player in the online directory marketplace, second only to Atlanta-based YP Intellectual Property LLC, which runs Yellowpages.com.
REAL ESTATE: Company adds 60,000 SF for future growth
Western Digital Corp., Orange County’s largest publicly traded technology company by market value, has added another sizable chunk of space to its headquarters at the Park Place office campus in Irvine.
HEALTHCARE: St. Joseph offshoot teams with companies
One of Orange County’s legacy health systems is collaborating with others in an effort to advance innovation in healthcare by developing products and services stemming from inventions and ideas of doctors and employees.
Hotels, City Marketers Prepare to Host Contingent in Area for Big Game
Newport Beach hotels are expected to see a big lift in business during what’s historically a slow period for the industry
MANUFACTURING: It’s betting on industry rebound
Machine tools importer and distributor Methods Machine Tools Inc. will double the size of its Orange County technical center in a move to Anaheim in coming weeks.