Orange County Business Journal


Mirman’s Break; Wang’s Keynote; Martini’s Passing

Publisher Rich Mirman might have caught a break in his bid to boost the OC Register’s value for the remaining investors who took a flyer on Aaron Kushner and Eric Spitz before their vision for the daily proved to be less than 20/20.

Baden Shifts Duties as Oakley Gets Italian Accent

MANUFACTURING: Firmly in Luxottica fold years after buy

Jim Jannard sold Oakley Inc. to Luxottica Group SPA in Italy for $2.1 billion eight years ago, but it appears the eyewear conglomerate is just now putting the Foothill Ranch-based subsidiary firmly into its fold.

OC Dealers Among Few to Unveil Toyota Mirai

AUTOMOTIVE: Marketing events rev up hydrogen vehicle

Count Toyota of Orange among the few auto dealerships around the U.S. that will be able to give customers a chance to get a first look under the hood of the new Mirai hydrogen fuel cell electric vehicle, kick its tires, and take it for a spin.

New Director at UCI’s Susan Samueli Center

The Susan Samueli Center for Integrative Medicine, part of UC Irvine Health, named Dr. Shaista Malik its director last week.

Disney Goes Own Way on Fanfest at Convention Center

ENTERTAINMENT: 65,000 expected for 3-day run of D23

Walt Disney Co. didn’t pitch a single one of its upcoming Marvel or Pixar movies at the recent Comic-Con in San Diego, opting instead to reveal them at its own D23 Expo fanfest in Anaheim next week.

Business Journal Honors Family Firms

More than 250 people attended the Business Journal’s 16th annual Family Owned Business Awards luncheon at Hotel Irvine.

Medical Software Maker Gets $55.4M

Irvine-based Kareo Inc. said it received a $55.4 million investment.

Health Ed Facilities Provider Aims for IPO

Irvine-based Axis Research and Technologies Inc. recently filed to sell $20 million worth of stock in an initial public offering.

Security Software Specialist Raises $42M

Irvine-based security software maker Cylance Inc. raised $42 million in a Series C funding round led by DFJ Growth in Menlo Park.

Fastest-Growing Private Companies Wanted for List

ECONOMY: Centerpiece of Sept. 21 Special Report

Is your company growing fast?

Abundant Restaurant News Starts Sad, Ends Glad

Chef Departs, Kids Fed, Laguna ‘Reunion’

Lots of Tidbits today: • The sad news: The shock of the month came with the announcement that Bruce Marsh, owner of Little Sparrow, the darling little restaurant in downtown Santa Ana, let chef Eric Samaniego go.

OC's Wealthiest

OC's Wealthiest


Other items of interest Orange County Business Journal Vol. 38, No. 31

Cypress-based Mitsubishi Motors North America Inc. said it plans to end U.S. production.

Summer Sizzles for Highest of the High-End Sales

Seven Sell on Coast For $10M+ During June, July

Six ultra-luxury homes and one property above $10 million sold in June and July: one in Laguna Beach for $14.2 million; two in Dana Point, for $13.5 million and $10.4 million; two in Newport Beach, for $12 million and $10.2 million; and one in Newport Coast for $16 million.

OCBJ Calendar

Aug. 3-12, 2015

This week's business and other event listings.

Octane Tackles Aesthetic Medicine, Dermatology

Upcoming Conference To Focus on Trends, Tech

Orange County healthcare execs are gathering in Newport Beach next month to talk trends and technologies in aesthetic medicine and dermatology at a conference presented by Aliso Viejo-based booster group Octane.

Allergan PLC Campaign Appeals to Millennial Women

Encourages Pursuit of Goals, Highlights Pill

Allergan PLC launched a marketing campaign designed to inspire “millennial women to achieve their professional, personal, health, wellness and societal goals,” all while relying on its birth control products.

Rumblings Could Live Up to Nicholas’ Ambitious Hopes

Talk Picks Up On Other Potential Bidders

Broadcom Corp. cofounder Henry Nicholas set his hopes high after the Irvine chipmaker announced a $37 billion sale in late May to Avago Technologies Ltd.

Real Estate Deals

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

Greenlaw Partners sold a class A office building in Irvine for $11 million, or about $325 per square foot.

Industrial Leads Strong Q2 in Inland Empire

The Inland Empire industrial market had robust growth in the first half of the year as tenant demand for space of less than 500,000 square feet continued to propel the market.

Hampton Inn Buy Adds to REIT’s OC Holdings

Apple REIT’s $20M Buy Follows R.D. Olson Deals

An affiliate of Richmond, Va.-based hotel investor Apple REIT Cos. has added another Orange County property to its portfolio.

Job Well Done

Employees at Best Companies Give Rave Reviews

The businesses featured on this week’s Best Places to Work lists say they commit time and resources to create a productive, enjoyable, and balanced workplace, and according to their employees, their efforts are working.

Quik Fix?

One Foot in France for Surf Label’s Latest Turnaround Plan

Quiksilver Inc. has emerged from a two-year cost-cutting quest as a global company with a streamlined operational structure that straddles the Atlantic Ocean.

Edwards Buys to Build New Class of Heart Valves

HEALTHCARE: Sees big potential in fellow Irvine-based device maker

Edwards Lifesciences Corp. is taking a familiar path to build up its less-invasive heart valve product offerings.

Another Sign of Office Strength: Equity Gets Arden’s OC Portfolio

REAL ESTATE: Blackstone unit to be second biggest landlord here

A division of New York-based Blackstone Group is returning to its position as Orange County’s second largest landlord just as the local market for office space looks to be switching into overdrive.

‘One Firm’ Approach Treats Colleagues Like Clients

Bryan Cave’s Irvine Office Cultivates Mutual Regard

Bryan Cave LLP’s Irvine office projects a sense of elegance mingled with calm.

Builder Earns Employee Loyalty Through Relationships

New Home Co. Starts With Foundation of Camaraderie

Joan Marcus-Colvin’s life irrevocably changed on June 17, 2014, when her husband of 27 years, John, was struck by a car and killed while riding his bicycle near their Laguna Beach home while training for an Ironman Triathlon.

Law Firm Staff Say Evidence Clear It’s Workplace a Gem

Bisnar Chase Cultivates Respect, Appreciation

A plot was brewing at the law office of Bisnar Chase in Newport Beach.

How Best Companies Make Lists

The Business Journal’s Best Places to Work lists are the result of months of surveying workers and managers at local employers.

Lennar Gets Funky; Quik Goes French; About Bus(c)h

Word on the street has Lennar getting “funky” with at least one of its several projects at Beacon Park, the next phase of Great Park Neighborhoods.

Sage North America HQ to Exit Irvine for Atlanta

TECHNOLOGY: Software maker recently consolidated here

Software maker Sage North America is moving its U.S. headquarters from Irvine to Atlanta as part of a global restructuring plan.

Merger Deal Holds TSX Listing for FantasyAces

SPORTS: Founders to keep control with 57.5% stake in site

Aliso Viejo-based startup FantasyAces LLC plans to merge with a company that’s listed on the Toronto Stock Exchange as it seeks capital for its goal of competing at the top level of one of the hottest areas in the entertainment industry.

Feds Keep 500 Jobs in Laguna Niguel

Reston, Va.-based International Technology Solutions Inc. will cut 500 jobs in Laguna Niguel by July 31 due to the pending loss of a contract with the federal government, according to a state filing.

Execs Say Irvine Medtronic Neurovascular Unit Good Fit

HEALTHCARE: Comes as stroke guidelines add device

Life under a new corporate owner has been good for what’s soon to be known as Medtronic Neurovascular in Irvine, its top official says.

Fastest-Growing Private Companies Wanted for List

SPECIAL ISSUE: List will be centerpiece of June 22 edition

The Business Journal is preparing its annual list of privately owned companies for publication in June.

HB Paddle Board Brand Sells for $40M

Stand-up paddle board maker Jimmy Styks LLC in Huntington Beach was acquired by Clearfield, Utah-based Vista Outdoor Inc. in a $40 million, all-cash deal.

Health Incubator Secures New Investor

The Innovation Institute in La Palma, founded with an investment from Irvine-based St. Joseph Health, said the Franciscan Missionaries of Our Lady Health System has become its fourth member and investor.