OCBJ WEEKLY EDITION
Oct. 6-15, 2014
This week's business and other event listings.
Device Maker Puts $60M Into Venture to Hire 500
Abbott Laboratories, the parent of Santa Ana-based Abbott Medical Optics, is spending $60 million on an intraocular lens plant in Malaysia.
Shops’ Offerings Pictured in Old South Settings
South Coast Plaza’s Fall Portfolio, featuring Gucci model Nadia Bender, highlights a different sort of south.
The vacancy rate in the manufacturing and warehouse sector has been on a downward trend over the past 12 months, decreasing from 2.5% in the first quarter to 2.4% at the end of the second.
Longust to Move From Nearby, Takes 93,818 SF
Longust Distributing Inc., a wholesale flooring supplier that’s had an Anaheim location since 2001, is the first company to announce a lease at the new batch of industrial buildings being constructed at Panattoni Development Co.’s massive Anaheim Concourse project.
Could Come to $850M in Annual Revenue
Consider Irvine-based chipmaker Broadcom Corp. a winner when it comes to Apple Inc.’s latest smartphone models.
Sales and leases of offices, industrial buildings, retail space and apartments
Envisions 2 Towers Next to Daily’s HQ in Santa Ana
A commercial and residential development with the potential for a couple of high-rise towers could be built on land surrounding the Santa Ana headquarters of the Orange County Register, according to the high-profile building’s new owner.
YouTube Stars Put Annual Show on Fast Track
The once-a-year event that brings YouTube stars under one roof with their screaming fans is set to return to Anaheim.
6-Game Windfall Includes Dodgers’ Clincher
KDOC-TV is the sole victor so far in Time Warner Cable Inc.’s ongoing fee dispute with other cable and satellite providers.
HEALTHCARE: Bid for Allergan looks light despite last week’s stir
Did Valeant Pharmaceuticals International Inc. make David Pyott’s point last week?
TECHNOLOGY: Deal for rival would lift TTM near top of global ranks
Thomas Edman’s first deal at the helm of Costa Mesa-based TTM Technologies Inc. could create the world’s largest printed circuit board maker.
Says Unique Identity Makes It Stand Out From Crowd
Stantec Consulting Services Inc. was able to put its best foot forward when competing for business this year, thanks to a major rebranding effort initiated by its parent, Stantec Inc. in Edmonton, Canada.
Rome & Associates Built On Telecommunications Work
Jeffrey Rome never thought when he got his degree in architecture that he’d spend most of his time designing wireless networks. Now, some 24 years later, 90% of billings at his Jeffrey Rome & Associates Inc. firm come from projects for major telecommunications companies such as AT&T, Crown Castle International Corp. and Verizon.
Combine For 1% Jump To $417 Million Locally
Orange County’s architecture firms combined for a 1.6% increase in local billings, modest growth after last year’s 13% surge.
39 Bring in $2.8 Billion In OC-Generated Billings
The top engineering firms with headquarters or significant operations in Orange County ended a three-year streak of gains with a 1.5% drop in local billings during the 12-month period ending June 30.
The Insider has no dog in any fight between Bill Gross and whoever—but it now looks clear from this vantage point that a cadre of critics coordinated their condemnations of the cofounder and now ex-boss of Pimco in recent months.
REAL ESTATE: Distribution hub shifts from Fullerton to IE
Yokohama Tire Corp. has signed a deal to move its U.S. headquarters to Santa Ana in a shift that comes a few months after the company sold its longtime home in Fullerton.
AUTOMOTIVE: Car info firm hires first PR agency of record
Kelley Blue Book Co., in search of new audiences, has hired M Booth in New York as its first public relations agency of record.
Newport Beach-based accounting firm Anton & Chia LLP has acquired W. Michael Corson & Co. in San Diego on undisclosed terms, its second buy in recent months.
SPORTS: Renews several key sponsors, seeks new TV deal
Donald Sun is facing another big challenge as his second year of running a revived professional beach volleyball tour comes to an end.
MARKETING: Data indicate event’s influence on purchases
The Orange County International Auto Show is set to start Oct. 2 at the Anaheim Convention Center, where organizers will mark the event’s 50th anniversary with something extra to tout: recent research that indicates the show still matters to the tens of thousands of visitors who are potential car buyers.
Irvine-based motorcross apparel company Fox Head Inc. is reportedly on the sales block and seeking more than $200 million.
Irvine-based Ivantis Inc. said it raised $25 million in its second round of financing. It said it plans to use the money to support ongoing clinical trials for its Hydrus microstent, which is implanted into the eye to treat glaucoma. Glaucoma is a major cause of blindness around the world.
MEK Entertainment Inc., an independent video game maker in Aliso Viejo established by a former Blizzard Entertainment Inc. programmer, secured $1 million in a seed round.
Irvine-based WaterHealth International Inc. raised $10 million in venture funding from a private equity firm in New York that targets infrastructure projects in developing nations.
A crowd of more than 400 members of Orange County’s corporate and legal communities gathered to honor this year’s top in-house lawyers at the Business Journal’s fifth annual General Counsel Awards.
Veteran Orange County medical device executive James V. Mazzo was added to a federal grand jury indictment on insider trading charges, the Department of Justice said.
The Orange County chapter of the Alzheimer’s Association partnered with business and philanthropic leaders throughout OC to create the Go Purple OC campaign, a weeklong event that literally turned well-known OC landmarks purple from Sept. 15 through 21.
September 29, 2014
This week's business and other event listings
Senate Divided on Levy Meant to Boost Reform
One of the medical device industry’s favorite topics—repealing a federal tax on its companies’ revenues—has resurfaced yet again in Congress.
Blake Griffin Waxes Poetic on Ultra HD Models
You can “see the beauty in everything” on Vizio Inc.’s Ultra HD TVs, suggest the new humorous commercials from the Irvine-based technology manufacturer.
63,000 Jobs in ‘Sleeper’ Market; No. 13 in US
Orange County’s employment base of about 63,000 high-tech jobs ranked No. 13 in a 34-market report released by Chicago-based JLL.
A family trust sold an office building in Orange to JMJ Enterprise LLC for $2.4 million.
The Orange County retail market slowed slightly in the second quarter, but there was continued positive net absorption going into the third quarter totaling 345 square feet.
Pacifica San Juan Could Fetch $150M or More
Pacifica San Juan, a stalled new home development just off the San Diego (I-5) Freeway in San Juan Capistrano, is on the market for sale and could fetch a big price.
$5.5B Gain in 2 Years for 174 Fastest Growers Based in OC
There’s no shortage of numbers available to put some punch into this week’s coverage of the fastest-growing private companies based in Orange County.