REAL ESTATE: Collection of Moshayedi family properties eyed for 600,000 SF
The biggest property owners in the Mariner’s Mile area of Newport Beach have proposed the largest development the high-traffic area’s had in years, a mixed-use project featuring retail, offices, restaurants and apartments.
Other items of interest Orange County Business Journal Vol. 40, No. 51
Irvine-based Karma Automotive LLC tapped Liang Zhou to replace Thomas Corcoran as chief executive of the luxury carmaker.
TECHNOLOGY: Would bring new markets, bolster others
TTM Technologies Inc.’s proposed $775 million buy of Anaren Inc. from affiliates of New York private equity firm Veritas Capital would bolster product offerings in the aerospace, defense and networking communications sectors while providing growth opportunities in the industrial, medical and automotive markets.
HEALTHCARE: Zovighian leads new valve division
Edwards Lifesciences Corp. Chief Executive Michael Mussallem reminded the crowd attending the company’s annual investor conference in New York this month that despite the success the company’s had with transcatheter heart valves, the technology is still relatively new.
FINANCE: Boston wealth manager hires PIMCO SVP
3EDGE Asset Management LP, a new Boston-based wealth manager founded by one of the pioneers of exchange traded funds, has entered the Orange County market by hiring a veteran of Pacific Investment Management Co.
Two of Orange County’s closely watched technology stories of 2017 should find resolution in the new year.
Orange County, whose $221 billion economy is roughly the size of Portugal’s, will see plenty of excitement this coming year in its financial sector.
Orange County’s real estate market is approaching its ninth year of growth, albeit sometimes choppy growth, largely unprecedented territory considering most real estate cycles last six or seven years at best.
Care delivery is a topic that is simultaneously growing bigger and smaller.
Enrolled First Patient; Launched Beauty Line
Irvine-based regenerative medicine company AiVita Biomedical Inc. feels good that it has a cash-generating beauty product arm to cushion clinical development of its cancer drug.
Food & Wine Wrap To Celebrate Its Charms
A takeover of Time Inc.’s Food & Wine magazine’s holiday issue is the newest installment of the California Milk Processor Board’s “Food Loves Milk” campaign.
169 Detached Condos And 1,781 Rentals Eyed
Irvine Co. plans to add a limited amount of for-sale housing to offerings in its Los Olivos community in the Irvine Spectrum area.
Kavas Founded Software Maker With $1,000 in 2010
Ike Kavas, who took the top post last week at the Laguna Hills software company he co-founded seven years ago, has laid out an aggressive strategy to ramp up Ephesoft Inc.
Four-Product Juice Offering Targets Athletes
The cold-pressed juice market is saturated, which is why Mode Nutrition Chief Executive and co-founder Tammo Walter say it isn’t enough to offer only cold-pressed juices.
Several Experts Foresee More of the Same Highs
"It is an end of an era.”
Increased consumer expectations for same-day and next-day delivery have placed pressure on retailers and third-party logistics users to find industrial space near influential population centers.
Good News First. Then SALT Talk.
Regular readers of this column know I’ve gotten close but not quite to the finish line in explaining variation in home prices across California counties.
5 Big Stories
Irvine Ranch became the country’s largest source of new-home sales; Great Park Neighborhoods, Rancho Mission Viejo and Lake Forest’s Baker Ranch were also among the 25-best-selling communities in the U.S.; and average new-home prices in Orange County veered closer to $1 million.
OC Job Growth a Mixed Message
The Orange County economy is facing both good news and bad in the coming year, according to Chapman University’s annual forecast.
REAL ESTATE: Roos gets OC, West; 1 spot for CalAtlantic
Lennar Corp. plans to install its own executives in the top spot in four of the five national homebuilding regions it will run after buying Irvine-based Cal- Atlantic Homes, according to company documents provided to the Business Journal.
Needle Point: Wednesday, Dec. 6, I was commended to read two books (in one year?) … “Reinventing the Administrative State” and “Financial Management Theory in the Public Sector,” –both apparently preach the same sermon: “When Money Talks, the Truth is Silent.”
REAL ESTATE: $165M securitization firm’s first
The acquisition of Veros Credit LLC’s Santa Ana headquarters is the latest piece of notable business this year for the family-owned auto finance company, which is taking steps to ramp up lending operations.
TECHNOLOGY: Digital work makes up for print decline
Toshiba America Business Solutions Inc.’s multimillion-dollar contract to outfit the StubHub Center in Carson with ultra-high-definition scoreboards and digital ribbon displays highlights one of the few growth markets in an otherwise flat sector challenged by the dwindling life of print.
FINANCE: Accounting firm’s penny stock audits scrutinized
Newport Beach-based Anton & Chia LLP, ranked on the Business Journal’s list of Orange County accounting firms, is disputing civil fraud allegations brought by the Securities and Exchange Commission involving penny stocks.
5 Big Stories
Western Digital Corp.’s decision to quietly redesignate headquarters from Irvine to Silicon Valley highlighted the ongoing challenge of scaling public companies and keeping them here.
Allergan PLC’s (NYSE: AGN) transfer of patents on its blockbuster dry-eye drug Restasis to a Native American Tribe in September is not only a top story this year, but one that will continue unfolding into 2018.
Top o’ the pops this year was every one of the 200,000 new square feet at Anaheim Convention Center and attendant growth in area hotel activity.
Who says bankers are dull? They aren’t in Orange County, not this year.
Orange County is home to five automakers, three of which had a moving 2017.
Plans to Strengthen US HQ as R&D Center
He pointed out that while the company is a relatively new player in the U.S.—it received Food and Drug Administration clearance of its knee and hip replacement products in the early 2000’s but didn’t start selling in the U.S. until 2014—“we have a long history in providing innovative orthopedic implants and instrumentation product.”
EDUCATION: UCI trains for performing, management
Dance is less of a profession and more of a passion that draws artists early in life—and often down the road they’re encouraged to give up the passion for more practical endeavors.
On Oct. 14 Irvine Public Schools Foundation hosted its eighth annual Spirit of Excellence Gala at KIA Motors America.
Site to Support 2020 Global Commercialization
Aerie Pharmaceuticals Inc. (NASDAQ: AERI) continues to ramp up in anticipation of upcoming Food and Drug Administration approval of glaucoma drug Rhopressa.
Chosen to Be One Of 60 Curators of Playlists
House of Vans, a string of music venues hosted by Vans Inc. in Costa Mesa, is now one of more than 60 curators for Apple Music, tasked with perusing 40 million songs available on the streaming platform and developing playlists that its audiences would appreciate.