OCBJ WEEKLY EDITION
Report of Nashville Deal Follows Buy in Aliso Viejo
Irvine-based LBA Realty is poised for a big investment in Nashville, Tenn., according to reports there.
Sales and leases of offices, industrial buildings, retail space and apartments
A living trust sold an industrial building in Anaheim to Los Angeles-based Rexford Industrial for $7.7 million, or about $119 per square foot.
April 6-15, 2025
This week's business and other event listings.
Could Get $34.6 Million for Additional Stability
Lake Forest-based Cryoport Inc. is looking to raise money and shift its stock exchange listing.
Will Include Fashion Show, Celebration of ‘Diviner’
The Newport Beach Film Festival, scheduled for April 23 to 30, has secured a roster of new high-end sponsors, including Orange County BMW dealerships and Remy Cointreau.
Consumer confidence is pushing retail sales and encouraging retail expansion, resulting in increased Orange County occupancy rates.
Bish: Will Stay About A Year ‘Out of Respect’
Expect business software maker Kofax Ltd. to maintain its big Irvine presence after its $1 billion sale to Lexmark International Inc. closes, but the clock appears to be ticking on the tenure of its chief executive.
Buys Arts District Land in LA for Reported $130M
Master developer SunCal Cos. is starting to make big waves in its backyard again.
Sales and leases of offices, industrial buildings, retail space and apartments
Lucca Investment GP sold an office building in Irvine to Trinity Property Consultants for $8.3 million, or about $196 per square foot.
This week’s Special Issue on OC-based public companies marks a farewell appearance for perennial leader Allergan, which has held the top spot ever since the Business Journal switched its ranking criteria for our annual list from revenue to market cap some years ago.
TECHNOLOGY: $1B sale comes to 50% premium
Kofax Ltd.’s short stint as a U.S. public company ended with a bang.
HEALTHCARE: Cashes stock for $534M after Allergan sale
David Pyott’s big payout from the sale of Allergan Inc. to Actavis PLC came with twists and turns for both companies and two other drugmakers involved in a deal of their own, according to filings made public last week.
RETAIL: Will take new corporate name under Mador
Teen retailer Wet Seal Inc. is slated to emerge from Chapter 11 bankruptcy around April 15 as a privately held company with a new corporate moniker—Seal123 Inc.
TECHNOLOGY: Opens new big-data troves, more capacity
Western Digital Corp.’s breakthrough helium-based drives are getting strong demand from the world’s largest data center customers, ensuring the Irvine-based company a steady pipeline of business in coming years in the lucrative segment of high-capacity storage products.
RESTAURANTS: Blank-check buyer to take chain public
The $500 million acquisition of Lake Forest-based Del Taco Holdings Inc. by Levy Acquisition Corp. is set to turn the Mexican-themed fast-food chain into Orange County’s newest public company and pave the way for a growth plan that resembles the path taken by Costa Mesa-based El Pollo Loco Holdings Inc. in more ways than one.
APPAREL: Turnaround plan included trim of product lines
Quiksilver Inc.’s board of directors fired Chairman and Chief Executive Andy Mooney late last month, according to its filings with the Securities and Exchange Commission. 9
The U.S. Department of Transportation approved Seattle-based Alaska Airlines flights between John Wayne Airport and Mexico that are set to start in October.
Industry veteran Werner Heid was named chief executive of Irvine-based Printronix Inc.
Charlie Palmer Latest In String of Closings in OC
It came as a shock to serious diners that Charlie Palmer is closing his eponymous restaurant at Bloomingdale’s South Coast Plaza at the beginning of May.
The Illumination Foundation hosted its annual Table for 10 culinary extravaganza on March 15 at Disney’s Grand Californian Hotel & Spa in Anaheim.
Other items of interest Orange County Business Journal Vol. 38, No. 14
California State University-Fullerton President Mildred Garcia was named to a national commission that will seek “practical solutions” to the increasing cost of a college education, the university said.
Drugmaker’s Sale Brings Much of Big Lift; Edwards, Broadcom Chip In; HCP Moves In
Orange County’s 100 biggest public companies combine for more than $207 billion in market capitalization, a gain of 62% from a year earlier.
Looks for Young Comers in ‘Internet of Things’ to Complement Roster of Global Brands
Broadcom Corp. is out to complement its position as the leading supplier of connectivity chips to the world’s largest consumer electronics brands with a customer base made up of hot startups and emerging companies in the Internet of Things market.
REAL ESTATE: Plans indicate office on par with project now in works
The Irvine Company is considering doubling down on its high-rise office development plans in the Irvine Spectrum.
REAL ESTATE: Plans biggest makeover yet after $44.3M buy
The purchase of Kawasaki Motors Corp. U.S.A.’s Irvine headquarters is the keystone in a redevelopment plan by Bixby Land Co. that could top $70 million when the costs for a makeover of the existing building and an adjacent parcel of land are considered.
ECONOMY: Revenue, job growth seen; view on earnings stable
Local company executives continued a recent run of optimism about the economy and their own business prospects going into the second quarter, according to the latest index published by California State University-Fullerton’s Mihaylo College of Business and Economics.
REAL ESTATE: High-density, mixed-use projects eyed for sites
Officials with the city of Irvine have expressed concern over massive commercial development plans proposed for a pair of county-owned land sites totaling about 144 acres next to Orange County Great Park.
Aliso Viejo-Based Telogis Measures Progress on Global Scale
A couple of key pivots initiated by Telogis Inc.’s cofounders in the early days of the company positioned the software maker for a big growth spurt years down the road.
REAL ESTATE: NYC buy highlights push for additions away from home
The Irvine Company has added two hometown office towers to its property management portfolio in the past year and has an even larger project moving ahead in the Irvine Spectrum, consolidating its role as Orange County’s dominant real estate owner.
The first big retail development to open in Orange County since the recession will be late—and it won’t have the lineup of stores once expected.
EDUCATION: Led UCI efforts to land top faculty, build Barclay
Twenty-five years ago, University of California-Irvine Chancellor Jack Peltason sat down with Irvine Company Chairman Donald Bren and decided to build University Research Park.
Some late additions and longer-term considerations to go with this week’s Commercial Leasing Guide, a Special Report that starts on page 19.
REAL ESTATE: Retail, eatery to join doctors
A prominent medical office building on one of the more eclectic streets in Newport Beach is about to get a big makeover.
TECHNOLOGY: October show could draw 7,000 attendees
A technology trade show previously scheduled for Las Vegas in August is planned instead to be at the Anaheim Convention Center in October.
Leasing Activity Picks Up, Sales Volumes Still Strong
A sharp increase in leasing activity, continued strength in the for-sale market, and the effects of industry consolidations propelled Orange County’s largest commercial brokerages to a banner year in 2014.
SPORTS: Family offices back for more on value-add strategy
Concert Golf Partners in Newport Beach is on the verge of closing a $90 million fund in order to add to its portfolio of country club golf courses.
Add Reinvention, Real Estate to His Resume
Gary Jabara has overseen two successful business startups, one major business reinvention, and a big commercial real estate buying spree—all in a little over 10 years.