Orange County Business Journal


Orange-Based Lender Taps Star Power

Reverse-Mortgage Outfit Set for $60M Ad Budget

New TV ads from American Advisors Group are set to air next week, featuring actor Tom Selleck as the new face of the fast-growing reverse mortgage lender in Orange that posted just under $250 million in revenue last year.

Rentals Go for $164M, Top Deal Since 2010

REAL ESTATE: 628 units to Raintree Partners, $260K each

Laguna Niguel-based apartment and mixed-use property owner and developer Raintree Partners has bought a rental complex in Tustin in what appears to be the priciest apartment deal in Orange County in nearly six years.

Best In Show

Top Firms Employ Perks From Pizza to Flex Time

Would you go bowling with your boss?

RSI Communities Bigger in Texas

REAL ESTATE: Gets land for 780 homes in San Antonio

RSI Communities LLC has begun to ramp up land deals in preparation for a big homebuilding push outside California.

Newport Beach-Based Startup Among First Wave to Try Title III

ECONOMY: Youngry to peddle equity to ‘unaccredited investors’

How’s this for apropos: A local startup that’s creating a website for startups is among the first in the U.S. using a new funding mechanism that gives everyday investors a chance to make early investments in private companies.

RIP: John O’Donnell, Seminal Industrial Developer

John O’Donnell, a pioneering Newport Beach real estate executive whose companies oversaw a massive industrial development push from Alaska to Mexico over a 40-year period, died last week.

Former Asics Boss Looks to Future With Nostalgia Brand

APPAREL: Wulff, private equity team up for deal with adidas

Kevin Wulff is back in the game.

Fastest-Growing Private Companies Wanted for List

ECONOMY: Centerpiece of Sept. 19 Special Report

Is your company growing fast? 

Apparel Company Gets Sullen Clothing

Contravisual Brands Group LLC acquired Los Alamitos-based Sullen Clothing Inc. on undisclosed terms.

Creditors Affiliate Buys Quantum Fuel

Lake Forest-based Quantum Fuel Systems Technologies was purchased by Douglas Acquisitions LLC, an affiliate of second-position secured creditors.

Construction Firm Builds Culture With Camaraderie

Swinerton Staff Chip In Like Any Good Site Crew

They’ve been to conferences in Vegas, although they have yet to claim spots at the Black Jack table. They’ve been to Germany during Oktoberfest but abstained from indulging in that country’s most famous beverage. They’ve sat in on some of Swinerton Builders’ most important meetings, a noticeable, if silent, presence. The pair stands stoically, one man holding a set of building plans, the other his arm outstretched, pointing off into the distance.

Innovation Institute Buys IT Company

The La Palma-based Innovation Institute bought Corona-based information technology specialist Hospitality Business Network Solutions for an undisclosed price.

Workers Real Estate-Focused Firm’s Best Investment

Staff’s Interdependence Keeps Passco Healthy

Kendall Parisi, corporate designer at Passco Companies LLC, looked over the numerous stacks of marketing supplies, brochures, and trade show materials spread across the conference room table.

Startup Buys Silicon Valley Company

Newport Beach-based startup Predictive Inc. acquired a Silicon Valley software maker developing advanced learning applications.

The ‘Why?’ Sets Wealth Management Firm Apart

Clients’ Peace of Mind On Money Unites Employees

Economists and financiers traditionally measure success by examining an organization’s income statement, balance sheets and cash flow statement.

How 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.

Sale of Actress’ Home Might Have Set Record

Third Agent’s the Charm To Move Modern Mansion

The custom contemporary mansion at 331 Monarch Bay Drive in Dana Point sold on June 27 for $8.3 million, under its January $9 million list price.


Other items of interest Orange County Business Journal Vol. 39, No. 30

Fullerton-based Marshall B. Ketchum University’s College of Pharmacy received precandidate status from the Accreditation Council for Pharmacy Education, authorizing the college’s first doctoral students to start in the fall.

OCBJ Calendar

July 25-Aug. 3, 2016

This week's business and other event listings.

Abbott Gets FDA OK on Intraocular Lens for Cataracts

One Version of Lens Also Approved for Astigmatism

Santa Ana-based Abbott Medical Optics, a unit of Abbott Laboratories in Chicago, scored a regulatory approval this month.

Toy Company Goes Pom-Pom Wild With Girls Brand

Pellets That Morph Into Poms Sold at Big Retailers

Taya Toys launched “Pom Pom Wow,” an arts-and-crafts brand for girls that’s supported by a “robust marketing plan including a television campaign, social media engagement, trendsetter outreach, experiential events, and a brand website offering product-driven experiences,” the Cypress-based company said.

Toll Brothers Aims Big for Orchard Hill Development

Plans for 223 Homes As Large as 6,085 SF

Toll Brothers Inc. is planning to build large on land it recently bought at the Orchard Hills community in Irvine, according to planning documents.

Inland Empire Industrial Stays Hot in Q2

The Golden Age of the Inland Empire industrial market pushes on as major e-commerce players continue to absorb large blocks of industrial space.

Equipment Firm Hopes Seimens Deal Signals Turnaround

Ener-Core Grants Rights To Make, Sell Industrial Units

A new licensing and manufacturing deal with Dresser-Rand could bring profitability to Irvine-based Ener-Core Inc. after nearly a decade in the red.

Real Estate Deals

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

ASEA Power Systems, a manufacturer of marine shore power converters, signed a five-year lease at 15282 Newsboy Circle in Huntington Beach.

Naps on the Go Just Got a Lot More Realistic, Comfy

Company Launches ‘Pods’ in Trailer at College

A new service is providing a way for people to take naps wherever they find themselves.

Panattoni Puts New Anaheim Industrial Up for Sale

REAL ESTATE: Said to seek $200M for 7 buildings near 91

Panattoni Development Co. has put nearly a million square feet of its recently built industrial center in Anaheim on the sales block.

Trammell Crow Gets ‘Real’ With Boardwalk Plan

REAL ESTATE: 545,000 SF office takes shape on Jamboree

The largest office development planned for the market around John Wayne Airport in over a decade has moved from a concept to reality.

2 More Crossover Accounts for Gallegos

MARKETING: To craft ads for brewery, Hass Avocado Board

Grupo Gallegos defines itself as a “culturally attuned” ad shop—and its newest accounts support the contention.

Sports Marketing Shop Goes Virtual on Giveaways

MARKETING: Golfsmith, Dave & Buster’s coupons yield data

Looking to take home a Rally Monkey or a Mike Trout bobblehead for your collection of baseball memorabilia?

Fastest-Growing Private Companies Wanted for List

ECONOMY: Centerpiece of Sept. 19 Special Report

Is your company growing fast? 

6 OC Companies Added To Russell 3000 Index

Six Orange County-based businesses joined the Russell 3000 Index after a revision to its makeup last month.

Alliant Insurance Acquires Chicago Firm

Newport Beach-based Alliant Insurance Services acquired on undisclosed terms Mesirow Insurance Services, the insurance division of Mesirow Financial in Chicago.

Distributor Buys Firm’s Music Business

Alliance Entertainment Corp. said it bought the retail music distribution business of Plano, Texas-based Anderson Merchandisers in a deal that would push Alliance revenue above $1 billion. A purchase price wasn’t disclosed.

Puri Appointed Interim CSUF Provost

Anil Puri, dean of Cal State University-Fullerton’s Mihaylo College of Business and Economics, was named interim provost and vice president for academic affairs, effective July 25.

Innovation Institute Buys Maryland Firm

Innovation Institute LLC in La Palma acquired Summit Talent Group, a healthcare industry executive compensation and search firm in Columbia, Md.

FivePoint’s Capital $B

Report by Main Investor Lennar Gives Perspective On Aliso Viejo-Based Developer’s Valuation

­­FivePoint Communities Inc. can safely join the ranks of Orange County’s billion-dollar companies in terms of its valuation.