OCBJ WEEKLY EDITION

Smartlabs Gets Bid To IoT Big Dance

TECHNOLOGY: Coming home to Microsoft’s voice-activated assistant

Smartlabs Inc. Chief Executive Rob Lilleness entered a meeting this past summer at Microsoft Corp. headquarters expecting software development work.

Luxe Home Sales Propel New Home to New Heights

2-Year Growth of 208%; New Affordability Focus

A slowly improving U.S. housing market has boosted most large national homebuilders’ sales and bottom lines over the past few years.

Banking Foundation of First Foundation’s Growth

Bank and Wealth Manager Doubles Sales in 2 Years

First Foundation Inc. doubled revenue in the past two years, making it the fastest grower among midsize publicly traded companies in Orange County.

Irvine’s Terra Tech Still Growing Sky-High

Losses and Stigma Still Block the Stock

Terra Tech Corp.’s game plan in the budding recreational and medicinal marijuana industry aims to bring seed to sale under one roof.

‘One-Click’ Pitch for Amazon

Irvine Co. Would Fund 8M-SF Project, L-T Lease

The city of Irvine is pulling out all the stops to land Amazon’s second headquarters, including an offer from Irvine Co. to fully finance the development of the 8-million-square-foot project, which would be largely built on its Spectrum-area land.

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Applied Medical Expands Manufacturing in Europe

OC Presence Includes 18 Buildings, 1.4M SF

Applied Medical Resources Corp. in Rancho Santa Margarita expanded its European operations this month with the opening of a 215,000-square-foot manufacturing, research and development facility at its European headquarters in Amersfoort, Netherlands.

Heeeere’s Blizzard!

Esports Arena Debuts at Johnny Carson’s Old Studio

Studio 1 looked every bit its age before the demolition crews arrived.

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Life at Toshiba After Nuclear and Flash

Toshiba America Business Solutions Inc. has moved its North American headquarters from Irvine to Lake Forest, where executives are mapping an acquisition strategy last implemented nearly a decade ago.

Roofing Company Puts Lid On Community Need

Charles Antis was just a few years into his roofing business and still at that stage where, while the dollars were coming in, the money from each job had an outsized impact on the business’ future. So when he got a call from a desperate woman who needed her leaking roof fixed right away, he took the job.

Allergan Plans To Appeal Restasis Decision

Allergan PLC raised eyebrows last month when it announced its patent deal with an American Indian tribe in New York, transferring the rights for its eye drug Restasis to the Saint Regis Mohawk Tribe.

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Editor’s Note: The First Local Civic 50

Since 2012, The Civic 50, an initiative of Points of Light, has recognized the 50 most community-minded major corporations in the nation each year as determined by a survey developed by True Impact. For the first time in a local market, the Orange County Business Journal presents the 2017 Civic 50 Orange County in partnership with OneOC, recognizing the 50 most community-minded small, medium, and large Orange County companies.

50 Honorees, 5 Awards in 1st Civic 50 Orange County

‘Corporate Philanthropy Is in a Renaissance’

The list in this Special Report is unusual for the Business Journal in two ways. It’s a first—the first list of local-market Civic 50 honorees in the country. And it’s likely a first Business Journal list without financials. Rightly so.

Disney’s Look at Anaheim Resulted in Game Changer

Stakeholders Helped It Identify Youths’ Needs

There are times when a simple idea leads to an unimagined result. That was the case a few years ago, when Lisa Haines Heppelmann and Jill Bolton of Disneyland Resort decided to take a closer look at how the organization invested philanthropic dollars.

BofA Spreads Its Money, Expertise Throughout OC

Thousands of Hours, Cash Donated Every Year

A financial literacy program to teach young people better money habits. Ongoing training for nonprofit leaders. A food and supplies drive for homeless military veterans, whose donations nearly reach the ceiling.

KPMG Looks Between the Lines to Help Children

Tax Firm Staff Good At Math But Give Out Books

Every few months, employees at KPMG’s Orange County office trade in their crisp suits and smart outfits for jeans and comfy shirts, turning a workplace full of accountants and tax specialists into a group of folks who look ready to head to a ballgame. And each happily pays $5 to do it.

O’Melveny Attorneys Help the Helpless at Clinics

Beneficiaries of Pro Bono Work Include Elderly, Vets

The elderly woman had made her decision. She needed to get her granddaughter out of her home. She loved the young woman dearly, but the substance abuse problems she struggled with had changed the girl into someone her grandmother no longer recognized.

OCBJ Calendar

Oct. 23-Nov. 1, 2017; Nov. 8, 2017

This week's business and other event listings.

Real Estate Deals

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

Pacific Performance Engineering sold a multioffice building to Galaxy Oil Co. for $3.8 million, or $316 per square foot.

Business Bites

Other items of interest Orange County Business Journal Vol. 40, No. 43

The University of California-Irvine said it will create a Center for Jewish Studies to bring together faculty, students, visiting scholars and members of the public interested in exploring Judaism.

Dancing Next Fall?

Deadline gone for Amazon’s HQ2. I was in London at Trafalgar Square when that city won the bid for the 2012 Olympics.

Birtcher’s New Biz Eyeing SoCal Industrial Projects

REAL ESTATE: Family biz back after Goodman stint

Birtcher Development LLC is back in business, minus the Australian accent.

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BioPhotas Says Diabetic Wound Healing Next

HEALTHCARE: Light therapy device used for pain, aesthetics

BioPhotas Inc. in Anaheim plans to tackle the Holy Grail of perpetual, nonhealing wounds with its light therapy device Celluma.

Hines, Oaktree Buy PacSun HQ

REAL ESTATE: Retailer in 15-year lease-back

The local office of development and investment firm Hines has made another notable office acquisition in North Orange County, buying the Anaheim headquarters of Pacific Sunwear of California Inc.

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‘Authentic’ Investor Takes Politically-Active Approach

NB Wealth Manager Doubles Assets with Provocative Views

David L. Bahnsen runs a business that isn’t politically correct.

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Advantage Solutions Keeps IPO Watchers Waiting

MARKETING: In robust IPO year, biggest biding its time

Several local companies sprinted to the stock exchange shortly after filing for an initial public offering this year, matching the national pace of just over 50 days, according to a report by PwC in New York.

30 Years a Maverick Success

Applied, over the course of 30 years as a private company, did not stray far from its founding mission.

Cell and Gene Therapies Hot with Fast-Track OK

Japan Laws Approve Product in 6 Months

The cell and gene therapy industry continues to capture the interest of investors of all types, including international investors attending the Cell and Gene Meeting on the Mesa, a three-day conference at the Estancia La Jolla Hotel & Spa this month.

For 50th, Mall Displays Purse That Fits Everything

Gigantic Miu Miu Joined Birthday Fashion Shows

South Coast Plaza continued its 50th anniversary celebration with a pop-up exhibit in the Jewel Court Oct. 6 to 17 that featured two 12-foot handbags by Miu Miu.

Michelson Tower Sale Ranks High in Recent Flips

$117 Million Jump In Price Tops in California

Emmes Group of Cos.’ ownership of the Michelson office tower in Irvine from 2009 to 2012 was said in a recent market report to be the shrewdest office investment in the state in recent years.

Healthcare Startup Receives Federal Grant

Syntr Treats Diabetic Foot Ulcers

A startup created by University of California-Irvine alumni who created a device to treat diabetic foot ulcers with stem cells received a grant for $300,000.

CEO, Moved by Storm Victims, Offers Free Service

Gives Equipment, Own Data Center for Recovery

An Irvine company is offering free data storage for the next six months to businesses affected by hurricanes Irma, Harvey and Maria.

Twenty Percent of SoCal’s Priciest Zip Codes in OC

Newport Coast Tops The List; 4 New Zips Join It

The United States boasts 401 zip codes with median home values surpassing $1 million, according to new data by Realtor.com.

Main Street to Blame For 2008 Financial Crisis?

David Bahnsen saw the 2008 financial crisis from a unique view as a managing director at Morgan Stanley.

‘OC Silicon Cities’ Pitch For Amazon HQ2 Project

Willowick Golf Course Key Part of 10Msf Plan

A cluster of Central Orange County cities plan to throw their hats in the ring to get e-commerce giant Amazon’s second headquarters.

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The Games We Play

How a Nobel Prize Winner Teaches Economics to Chapman Students

Ninety-year-old Vernon L. Smith likes to watch college kids play games.

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Device Maker Vyaire Plans Irvine Move, Hiring Push

Yorba Linda CareFusion Ops Moving to Spectrum

One of the biggest medical device firms in Orange County plans a major expansion and hiring push after signing a deal to move its local operations from Yorba Linda to an office project being built in the Irvine Spectrum.

Accountants Strategize On Tax Overhaul

Customers Seek Advice, Even as Congress Debates

Accelerate deductions, and hold back on the income.