Orange County Business Journal


Homebuilder Tops List After 2 Years Back in Public Market

Industry Watchers Speculate It Could Be Ripe for Consolidation Trend

Improving fortunes in the housing market and a disciplined operating plan have provided a boost to the fortunes of William Lyon Homes Inc. during its return to the public markets.

Endologix Pays Twice for Fellow Device Maker

HEALTHCARE: $211M deal trims market capitalization by 30% in day

Endologix Inc.’s bid to grow market share through a newly struck deal to acquire a competitor appears to have set investors in the Irvine-based medical device maker on edge.

Telogis Sees Future In Apps Made With Apple

TECHNOLOGY: Mobile products aimed at B2B customers

Aliso Viejo-based logistics software maker Telogis Inc. is placing a big bet on mobile apps in a new partnership with Apple Inc.

Garden Grove Hyatt Draws Chinese Buyer

REAL ESTATE: Shanghai firm paid $137M for 653-room hotel

An affiliate of one of China’s largest construction companies has purchased the Hyatt Regency Orange County in Garden Grove for $137 million.


Banc of California Focuses on Service In SoCal for 176% Revenue Growth

Fast growth continues for Banc of California Inc.

Pot Products Maker Grows Like a Weed

Terra Tech Sales Up 754%, Largely On Cannabis Demand Surge

Terra Tech Corp.’s crops of basil, oregano, thyme, parsley and lettuce are a steady line of business, but the Newport Beach-based company’s newer line of products derived from another leafy green is the big growth driver.

Octane’s Timely Take; Rome Is the New Beige

Octane does plenty of work to stir the atmosphere and foster an environment where “entrepreneurs, investors, executives, academics, clinicians, and business advisors come together to collaborate, create, and grow.”

OC-Bound Sports Gear Maker Adds Brand to Fold

MARKETING: Will consolidate Philadelphia-based operation here

United Sports Brands will make its move from the Midwest to Orange County with one more brand in tow.

New Flag, Renovation for South Coast Metro Hotel

HOSPITALITY: $5M more for ex-Wyndham near Segerstrom

A $5 million room redo and a new brand for the former Avenue of the Arts Wyndham Hotel in Costa Mesa mark the latest upscale moves in a section of the city’s South Coast Metro district anchored by Segerstrom Center for the Arts.

Musco Center Gets Started With Logo

MARKETING: Stylized ‘M’ honors main donors, shows flair

Music has yet to stream through the Marybelle and Sebastian P. Musco Center for the Arts, but Chapman University’s newest addition just played its first visual note—a signature-like logo that fuses outlines of the letter “M” with movements of a conductor’s baton.

Direct Flow Focused on Trio of Strategies for Growth

HEALTHCARE: Europe rollout, Salus trial, mitral valves in plan

Medical device maker Direct Flow Medical Inc., which maintains a Lake Forest manufacturing hub, is pursuing a three-pronged plan for progress under new leadership.

Software Maker Raises $85M in Round

Irvine-based analytics software maker Alteryx Inc. raised $85 million in a venture capital round led by Iconiq Capital in San Francisco and prior backer Insight Venture Partners in New York. Palo Alto-based Meritech Capital Partners also participated.

Quiksilver Seeks Sale of Shoe Brand

Quiksilver Inc. in Huntington Beach asked a bankruptcy court to approve the sale of its Ampla running shoe brand to a pair of former executives for $200,000.

PE Firm in LA Sells Santa Ana Contractor

Santa Ana-based Secure Technology Co. was sold to Benchmark Electronics Inc. for $230 million in cash by its private equity owner, Vance Street Capital LLC.

Chinese Buyer for Life Sciences Supplier

Santa Ana-based MP Biomedicals LLC was sold to Valiant Co. in China for about $134 million.


Harvesters, which was founded in 1992 to raise awareness and funds for Second Harvest Food Bank of Orange County, hosted its 23rd annual Harvesters Fashion Show & Luncheon Runway Fundraiser on Oct. 7.

Recent Restaurant Closing No Surprise, Another Sad

Tamarind Dashed Hopes, Scott’s Ends on High Note

Double bombshells hit diners in the past month with the sudden closing of Tamarind of London at Newport Coast and news that Scott’s would be closing at the end of the year.


Other items of interest Orange County Business Journal Vol. 38, No. 44

Kia Motors Corp.’s logo will appear on player jerseys during the National Basketball Association’s next two All-Star games—in Toronto in 2016 and Charlotte, N.C., in 2017.

OCBJ Calendar

Nov. 2-11; Nov. 19, 2015

This week's business and other event listings.

OC Operations Help Danaher Boost Q3 Performance

Local Units Part of 23% Revenue Hike on Dental

Units with an Orange County presence helped drive improved financial performance for Danaher Corp.’s third quarter, according to company executives.

Ad Agency Sets Upcoming Shopping Center Apart

Spots Show HB Affords ‘Real’ Vibe to Pacific City

Pacific City in Huntington Beach is scheduled to open to the public on Nov. 7, according to its developer, DJM Capital Partners in San Jose.

Microsemi Deal for Chipmaker Would Be Its Biggest

$2.2B Offer About 4 Times PMC-Sierra’s Annual Sales

Aliso Viejo-based Microsemi Corp.’s $2.2 billion bid to acquire Sunnyvale chipmaker PMC-Sierra Inc. is the latest deal in the sizzling chip sector, which has already seen record activity this year.

Real Estate Deals

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

Sanderson J. Ray Development sold a retail property in Laguna Woods to Newport Beach-based DMP Properties for $5.7 million, or about $340 per square foot.

OC Retail Market Improves Modestly in Q3

The Orange County retail market once again saw increases in overall market fundamentals, with minor improvements throughout multiple sectors.

WD Solidifies Top Hard Drive Position in Whirlwind Week

Scoops Up SanDisk, Gets Long-Awaited HGST Nod

Scoops Up SanDisk, Gets Long-Awaited HGST Nod

No HQ Needed for All-In-the-Family Mexican Chain

Seal Beach Latest to Join Avila’s, Making It an Even Dozen With $30M in Sales

Avila’s El Ranchito now has 12 restaurants under its banner after opening a Seal Beach location in late August, though it lacks one thing: a headquarters.

KBS Latest OC Firm To Eye Big Easy Hotels

REAL ESTATE: $51.2M buy comes as $2.3B REIT ramps up

KBS Realty Advisors is the latest Orange County real estate investor looking to invest in New Orleans’ hospitality market, even as the Newport Beach-based company continues to seek deals—and investors—in its own backyard.

Lease Buffs Newport Center’s Financial Luster

REAL ESTATE: Irvine Co. nabs BofA division for new tower

The Irvine Company has landed its largest tenant yet for the new 520 Newport Center office tower next to Fashion Island.

Microsemi Shops $2.2B Chipmaker Bid as Winner

TECHNOLOGY: Deal would double its debt; dismisses idea of other suitors

Aliso Viejo-based chipmaker Microsemi Corp. is confident its record $2.2 billion bid last week to acquire PMC-Sierra Inc. will stand against competitor Skyworks Solutions Inc.


Myriad technological tools have taken on increasingly important roles in day-to-day business in the information age, and the industry of wealth advisement is no exception.

Myriad technological tools have taken on increasingly important roles in day-to-day business in the information age, and the industry of wealth advisement is no exception. The Business Journal’s Jane Yu asked several Orange County-based advisers how they now use technology in their everyday operations and in the development of client relationships. Here are edited excerpts of their responses:

Financial Advisories Cut Local Representatives By 6%

Top 25 Down to 1,705 Advisers in Past Year

The combined number of local registered representatives at Orange County’s biggest financial advisory firms dropped while the firms boosted their total OC work forces.

Rome-ing Around; Governor Magnet; Kareem & Sandra

The Insider has been in Rome, marveling over the bunch of rustic hilltop settlements that grew into the Eternal City by welcoming talent from anywhere, absorbing and adapting the best that newcomers of all stripes have had to offer over the past 2,700 years

Ellipse Aims to Join Wave of 2015 Healthcare IPOs

HEALTHCARE: AV device maker to sell $75M in shares

Ellipse Technologies Inc. is gearing up to test the initial-public-offering waters.

St. Joseph Moves Investment Recipient to Irvine

HEALTHCARE: Joins software work with that of other startups

St. Joseph Health has moved the technology development arm of a company it invested in from Colorado to Irvine.

Irvine Advertising Agency Rebrands

MARKETING: Shop sells self as LA-quality with less fuss

ELA Advertising in Irvine rebranded itself as EverythingLA, conceding to what it calls a misguided yet common perception that the best creative work comes from major urban hubs the likes of New York, Chicago and Los Angeles.

Medical, Diagnostic Product Tester Expands OC Digs

SERVICES: CSA Group hopes to win more customers

Toronto, Canada-based CSA Group is opening a new laboratory in Irvine with the intent of winning more business from the area’s medical device and diagnostic products makers.

Quiksilver Hires Consultant to Guide Bankruptcy Exit

APPAREL: Staff of 10 to seek liquidity, identify cost cuts

Quiksilver Inc. President Greg Healy is getting one more set of hands to help him navigate the Huntington Beach-based footwear and apparel company through a newly approved Chapter 11 bankruptcy exit plan.