Orange County Business Journal

OCBJ WEEKLY EDITION

St. Joseph’s Head Has Vision for Mission

Proctor Nurtures Passion for Healthcare

Deborah Proctor is cognizant of passion, skills, values and mission in her role as leader of one of Orange County’s dominant healthcare providers.

Ingram Gets Started on New Global Image

MARKETING: Fresh logo, campaign reflect push on higher-margin services

Ingram Micro Inc. has launched its largest global branding initiative to date, a “natural next step” for the company as it “evolves from a distribution powerhouse to the world leader in technology and supply chain services,” according to Chief Executive Alain Monie.

Sunstone Back to Big Buys With Hawaii Deal

HOSPITALITY: Also acquires land under Fairmont Newport Beach

The $325.7 million acquisition of a Hawaii resort property could mark the beginning of an ambitious period of expansion for Sunstone Hotel Investors Inc.

El Pollo Plans to Stay on Familiar Turf After IPO

DINING: Modest growth plan follows sales gains, renovations

El Pollo Loco Holdings Inc. hopes the second time is a charm on its plans to go public.

Dining on the Latin Side Vibrant, Tasty, Unexpected

Traditional, Progressive Eateries Serve Up Magia

This is the first time I have rounded up a group of Mexican or Latin-themed restaurants for Fifi’s Best. There are lists of the Best Tacos, the Best Margaritas, the Best Mexican Restaurants, and more in so many publications and online. I’m taking another avenue.

Quiet Pyott; PSO Holds Key to 4th; More Maseratis?

Here’s one way to look at things as the dust settles on last week’s action in the hostile bid for Allergan by Valeant Pharmaceuticals and Pershing Square’s Bill Ackman: Allergan boss David Pyott’s less-is-more approach on PR tops the raiders’ tendency to work the press at each turn of the drama.

Corinthian Expected to Shed Assets, Shut Schools

EDUCATION: School operator on brink, seeks deals with feds

Corinthian Colleges Inc. is expected to sell campuses and cut programs under an agreement with the U.S. Department of Education—a deal that could be the beginning of the end for the for-profit school operator.

Edwards Comeback Continues on OK for Sapien XT

HEALTHCARE: Shares up nearly 30% after rough 2013

Edwards Lifesciences Corp.’s next generation of less-invasive heart valves is making its domestic debut, providing a boost that has extended a monthslong rally for shares of the Irvine-based heart valve maker.

Business Still Warm for Restaurant Chains

DINING: Biggest based here top $14 billion in sales

Orange County’s 30 largest restaurant chains grew sales 3.4% to surpass $14 billion in systemwide sales last year, reflecting an industry trend of modest overall improvements as the economic recovery continues.

How Osborn Found Room for Improvement

Casco Started at Kitchen Table, Now One of Largest in Local Field

Cheryl Osborn already defied stereotypes as a female entrepreneur in the male-dominated world of commercial real estate.

Stretching Herself

Allergan Executive Yearned to Reach Beyond Medical Practice

Dr. Karen Smith sought a wider platform to help people beyond what she could do as a practicing physician, a path that led her into the business side of healthcare.

Juiced Up

Nekter’s Chief Visionary Sees Expansion in Future

Alexis Schulze has a confession to make. “I personally don’t love vegetables,” says the cofounder of Nekter Juice Bar Inc.

Rosen’s Full Circle

Working Wardrobes to Add Job Placement Service

Jerri Rosen, head of the Costa Mesa-based nonprofit organization Working Wardrobes, devotes most of her free time raising awareness about the organization that helps men, women and military veterans improve their chances of finding employment.

William Lyon Homes Expands With $520M Buy

Newport Beach-based William Lyon Homes said it will purchase the homebuilding operations of Polygon Northwest Co. for $520 million.

Oculus Buys Xbox Game Controller Creator

Oculus VR Inc. acquired the product design and engineering firm that developed the Xbox 360 controller.

Rant Media Raises $4M in Stock Offering

Online sports and lifestyle content publisher Rant Media Network Inc. raised $4 million in a private offering of its common stock.

Santa Ana Healthcare Services Firm Sold

Capario, a Santa Ana-based healthcare technology services company, was sold for $115 million to Emdeon Inc. in Nashville, Tenn.

SD Tech Incubator Expands to Irvine

The EvoNexus technology business incubator, which cut its teeth in San Diego, is expanding into Orange County.

ADDENDUM

Other items of interest

McMahon’s RV in Westminster filed for Chapter 11 bankruptcy protection.

Luxury Sales Thaw Helps Strengthen Larger Market

Average Price Per Square Foot Up 25%

The luxury market is a unique animal that responds to its own set of economic parameters.

OCBJ Calendar

June 30-July 9, 2014

This week's business and other event listings.

Allergan Founder Talks About Company’s History

Execs ‘Wore a Lot of Hats’ in Early Days

Gavin Herbert, founder of Irvine-based drug maker Allergan Inc., is keeping mum on his creation’s effort to fight off a hostile takeover bid by Valeant Pharmaceuticals International Inc.

El Torito Chain Aims to Prove Its Mexican Mettle

Ad Campaign On 60th Anniversary of Company

The El Torito restaurant chain has launched an advertising campaign, “We Know Mexican,” to mark its 60th anniversary and to “reconnect with consumers.”

Irvine Nonprofit Octane Adds Three Women to Its Board

Funding Catalyst Now Has Four on 43-Seat Body

Octane, the Irvine nonprofit organization that connects technology executives and companies with sources of capital and other resources, has diversified its board with the addition of three female executives.

Orange County Nonprofit Octane Adds Three Women to Its Board

Funding Catalyst Now Has Four on 43-Seat Body

Octane, the Irvine nonprofit organization that connects technology executives and companies with sources of capital and other resources, has diversified its board with the addition of three female executives.

real estate deals

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

Hector Regner Properties – Cabrillo Park I LLC sold a shopping center in Santa Ana for $12.3 million to Palmdale Avenue S LLC.

North, Central OC Office Markets Continues Gradual Revival

Some large blocks of space recently hit the North and Central Orange County office markets, but the markets are still on the road to recovery.

LBA Quietly Takes Control of Local Dell Office

Plans Unknown for Aliso Viejo Building Near 73

One of the two Aliso Viejo offices owned by computer giant Dell Inc. has been quietly sold to a local investor.

Private Companies Plow Ahead

Biggest Here Notch 7% Revenue Gain to $71B

Orange County’s biggest private companies got bigger in a continued run of revenue and employment gains.

Dream Builders

Golden State Foods Foundation Does It One Bike at a Time

Some children start to take their bicycles for granted as soon as the newness wears off.

When Luckey Met Zuckerberg

How Oculus Went From Startup to FB Venture

You won’t find virtual reality gaming developer Oculus VR Inc. on this week’s list of the biggest private companies based in Orange County—and the maker of virtual reality headsets didn’t make the rankings last year, either.

Advantage to Pursue Global Plan in Wake of $4.2 Billion Sale

MARKETING: New owners on board; European retail market first target

Advantage Sales & Marketing LLC in Irvine is counting on its new owners to back its strategy for growth, which includes international expansion and diversification of its service.

Look for New Level of Intensity on Allergan

HEALTHCARE: Valeant expected to crank up efforts as clock ticks

Expect Valeant Pharmaceuticals International Inc. to go into overdrive this week as it takes its hostile takeover bid for Allergan Inc. directly to shareholders of the Irvine-based drug maker.

Blitz at Ritz; GSF Gives; Thorp’s 3x3

How did the multibillionaire Koch brothers raise $60 million over lunch last week at the Ritz-Carlton in Dana Point?

Johnny Rockets’ Global Plan Continues to Emerge

DINING: Focused on Asia, Africa, South America for now

Johnny Rockets Group Inc. continues to seek fresh territory for its international expansion, with plans to add Colombia and Tunisia to its international roster of Americana-themed diners in 2014.

World Cup Runneth Over for Grupo Gallegos

MARKETING: HB shop runs ‘fútbol’ immersion campaign

Grupo Gallegos resembles more of a sports hub than an advertising agency these days—World Cup games are broadcast on multiple screens throughout its Huntington Beach office, and employees huddle around to follow the action.

Yorba Linda Firm Buys in Brazil

Yorba Linda-based electronics products maker B&K Precision Corp. has acquired Teknix SA in Sao Paulo, Brazil.