Orange County Business Journal

OCBJ WEEKLY EDITION

Ding King Lives Up to Title on Small Companies List

The fastest-growing public company in the small company category on this week’s Business Journal list doesn’t really live up to its name anymore.

Plenty to Credit on IPSF’s $780K Night

Credit FivePoint Holdings boss Emile Haddad for punctuating his generosity with a sense of humor during the Irvine Public Schools Foundation’s 7th Annual Spirit of Excellence Gala & Auction, where he announced that his company would extend its role as the event’s presenting sponsor for three years, added $100,000 to a kitty that came to $780,000 for the night—and then wondered aloud whether the city of Irvine was on the hook for another $200,000 because of a 2-1 match it offered for donations …

JetSuite to Add Scheduled Service at JWA

AVIATION: JetBlue buys into short-haul ambitions

JetSuite Inc. in Irvine plans to boost its John Wayne Airport traffic to about 100,000 passengers a year, a move backed in part by last week’s investment from JetBlue Airways Corp.

Little Company Could Make Big Flight Milestone

AERONAUTICS: Tier 1 copter test proves long-elusive concept

A small engineering firm in Costa Mesa is a step closer to bringing the first battery-powered helicopter to market.

UCI Cybersecurity Director Named

TECHNOLOGY: Expert with federal creds leads new venture

National intelligence expert and corporate attorney Bryan Cunningham has been hired to lead the new Cybersecurity Policy and Research Institute at the University of California-Irvine.

Ricoh to Trim 147 Local Workers

Ricoh Electronics Inc. will eliminate more than a third of the employment base at its Tustin headquarters as part of a global restructuring of its manufacturing operations.

Business Accelerator Adds Division

OCTANe in Aliso Viejo formed a Growth Services division to increase “resources, intelligence, capital and deal flow” for the group’s members, partners, investors, entrepreneurs and accelerator alumni.

Franchisee Plans 10 Wienerschnitzels

Wienerschnitzel in Irvine said a current franchisee will add 10 locations in California and Texas.

Toba Puts $5 Million Into E-Sports Firm

Newport Beach-based Toba Capital invested in the booming e-sports segment, co-leading a $5 million funding round for a Santa Monica company that runs tournaments and related events for amateur gamers.

PHILANTHROPY

Sept. 24 marked an evening of celebration as over 300 guests gathered at the Island Hotel in Newport Beach for the 22nd annual Laura’s House Gala.

ADDENDUM

Other items of interest Orange County Business Journal Vol. 39, No. 44

Irvine City Council voted to seek bids for a water park that would be on city-owned land in Great Park, the Orange County Register reported.

OCBJ Calendar

Oct. 31-Nov. 9, 2016

This week's business and other event listings.

Public Offering, Private Equity Touch Local Med Tech

IRhythm Offers Stock; TrakCel Gets Investment

An initial public offering for one company and a private equity investment in another highlight the depth of Orange County’s medical technology industry.

I Spy a Turbo-Charged Advertising Campaign

Spots Highlight Mitsubishi Outlander Safety Features

Cypress-based Mitsubishi Motors North America Inc. launched several “I Spy” TV commercials that highlight safety features on its 2017 Mitsubishi Outlander.

Wang’s Consumer Electronics Vision Realized Post-Sale

LeEco Intros Motley Products With Same Brain

LeEco’s recent U.S. launch, which included a long press event in San Francisco, may have provided a glimpse into why Vizio Inc. agreed to a sale in July to the Chinese conglomerate.

Real Estate Deals

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

A retail building in Costa Mesa was sold for $2.6 million, or about $1,100 per square foot.

NB Investment Firm Shifts Focus to VC Deals

Cambridge Cos. Moves Away from Real Estate

A Newport Beach investment firm transitioning out of real estate and into venture capital deals is raising an approximate $100 million fund.

Auto Dealership Moves Ahead at Former Nabisco Site

Buena Park Project Follows TRI Pointe Land Sale

A 4-acre development site in Buena Park that once was part of a larger Nabisco food manufacturing facility has seen a change in ownership.

New Standing for New Majority?; Will Daniele Dance?

History might someday deem last week’s debate-watching party hosted by the New Majority—with guest Newt Gingrich—at the Island Hotel just the sort of gathering that laid the groundwork for reshaping party politics in the U.S. …

New Standing for New Majority?; Will Daniele Dance?

History might someday deem last week’s debate-watching party hosted by the New Majority—with guest Newt Gingrich—at the Island Hotel just the sort of gathering that laid the groundwork for reshaping party politics in the U.S. …

New Standing for New Majority?; Will Daniele Dance?

History might someday deem last week’s debate-watching party hosted by the New Majority—with guest Newt Gingrich—at the Island Hotel just the sort of gathering that laid the groundwork for reshaping party politics in the U.S. …

Auto Group Poised for Growth With Buys, Build

AUTOMOTIVE: Shelly beefs up luxe footprint with moves

Shelly Automotive Group is on the move in every sense of the word.

SCE Eyes South OC for Major Push on Battery Power

ENERGY: Push to outfit 3,000 homes would be biggest in U.S.

The largest foray into residential battery storage in the U.S. to date will happen in Orange County.

Fullerton Bullet Maker Sold

MANUFACTURING: Berger to Norwegian-Finnish buyer

Fullerton-based Berger Bullets has been sold on undisclosed terms to Nammo Group in Raufoss, Norway.

New Shade of Grays: Emphasis on Proprietary Retail

APPAREL: Mother-daughter label now has four stores open

Kelly and Marie Gray are taking a breather after a whirlwind year that saw their Grayse LLC in Irvine realign its retail strategy to focus on a flock of fledgling brick-and-mortars.

Device Maker VertiFlex Gets $15.2M

San Clemente-based VertiFlex Inc. raised about $15.2 million from six investors. It makes minimally invasive devices to treat spinal disorders.

New Speedo USA President Named

Speedo USA in Cypress promoted John Graham to the role of president, replacing Jim Gerson, who left in May.

Software Maker Buys Colorado Firm

Irvine-based Flatirons Solutions acquired the assets of a Colorado company that specializes in flight operations software.

Chapman Opens Health Research Center

Chapman University announced the opening of a research center focusing on biopsychosocial approaches to health.

National Honors for Downtown Santa Ana

The American Planning Association has named downtown Santa Ana as one of five “Great Neighborhoods” on its annual Great Places in America list.

ADDENDUM

Other items of interest Orange County Business Journal Vol. 39, No. 43

Chapman University got a $2.5 million gift from the Kay Family Foundation to fund faculty and student research, projects and other activities in data analytics, which is part of the growing field of “big data.”

Orange County Makes Top 10 in U.S. Luxury Market

Notches $1.27M Average Sale Price in 1st 6 Months

Realtor.com released its annual Luxury Homes Index in September evaluating home transactions for the top 10% of the market in 277 U.S. counties and 63 metropolitan areas in the first six months of the year.

Car Dealers Opt to Mobilize for More Sales Leads

Aim to Harness Power Of Social Media Channels

An Irvine company has partnered with several auto dealerships in a bid to boost their ability to generate sales leads.

Three-Year Flight Plan for 2 Aerie Eye-Care Drugs

Main Products on Rolling Schedule for FDA Process

Aerie Pharmaceuticals Inc. in Irvine anticipates a one- to two-year schedule for both of its eye care drugs to move through the Food and Drug Administration process toward approval.

Shoemaker Inspires Longer Runs to Help Girls Group

ASICS to Donate Pair For Every ‘Extra Mile’ Logged

ASICS America Corp. in Irvine launched a marketing campaign that encourages athletes to add a mile to their workouts.

OCBJ Calendar

Oct. 24-Nov. 2, 2016

This week's business and other event listings.

Foreign Capital’s 2-Year OC Real Estate Push Tops $2B

Industrial Buys Lead Way; China Goes Big on Hotels

Beijing-based Anbang Insurance Group Co.’s recent purchase of two of Orange County’s premier resort properties—Montage Laguna Beach and The Ritz-Carlton, Laguna Niguel—has pushed foreign capital’s investment in the local commercial real estate market past the $2 billion mark over the past two years, according to a new research report by brokerage JLL.