Orange County Business Journal

OCBJ WEEKLY EDITION

2016 YEAR in Review: Hospitality

Our man to monitor—local honcho for Hong Kong-based Wincome Group—kept a low profile but piloted prominent projects to approvals.

2016 YEAR in Review: Retail & Marketing

Hyundai Motor America Inc.’s chief executive caught our eye as the South Korea-based automaker announced it will launch a stand-alone, luxury brand in January.

PHILANTHROPY

Orange County’s top philanthropists, business leaders and others were honored at the 31st Annual National Philanthropy Day Orange County Awards Luncheon on Nov. 17 at City National Grove of Anaheim.

ADDENDUM

Other items of interest Orange County Business Journal Vol. 39, No. 50

Greensboro, N.C.-based VF Corp. promoted Vans Inc. President Kevin Bailey to the same post for the parent company’s Asia-Pacific region.

Platform Tries to Give YouTube a Run for Its Money

Video Views for a Fee To Pivot on Influencers

A Newport Beach company that allows for personalities and experts in various categories to create subscription-based video channels recently has racked up big distribution partners.

OCBJ Calendar

Dec. 12-21, 2016

This week's business and other event listings.

CombiMatrix in New York State of Mind on IVF

Test to Screen Embryo Health Gets Conditional OK

Irvine-based CombiMatrix Corp. has received conditional approval from the New York State Department of Health for pre-implantation genetic screenings.

El Pollo Loco Goes Crazy on Mobile Ordering Trend

Latest Chain to Embrace On-the-Go Business

El Pollo Loco launched a mobile app that customers can use to place orders, and revamped its website to support online ordering. New York-based marketing technology firm Olo developed both features.

Firm Mulls IPO Hinged on Video Analytics, Other Lines

Irvine Sensors Platform Uses Artificial Intelligence

Irvine Sensors Corp. is exploring an initial public offering as it develops a video analytics platform that incorporates artificial intelligence.

Real Estate Deals

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

Jc Financial Entity Inc. sold an office building in Anaheim to Westview Services Inc. for $1 million, or about $272 per square foot.

OC’s Collection of Food Halls Making Their Mark

156,000 SF of Total Space Leads San Diego, Lags LA

A new retail brokerage report has given credence to Orange County’s growing status as a foodie haven, particularly when it comes to hip food halls.

Western Digital Joint Venture Provides New Path in China

Data Storage, Products Businesses Stand to Benefit

The much-anticipated joint venture between Western Digital Corp. and China-based electronics manufacturer Unisplendour Corp. Ltd. is up and running a little more than a year after the agreement was first struck.

Keirstead's New Target, Timeline

Stem Cell Pioneer Sets Sights on Ovarian Cancer

Hans Keirstead has gotten his band back together—and now he has a date.

$73.4M for Office Campus in Cypress

REAL ESTATE: Deal largest for sector in West OC this year

The largest office campus in Cypress has sold to a big New York-based investor.

QLogic to Sell HQ In Aliso Viejo, Lease in Spectrum

REAL ESTATE: Takes 1 of 2 spec buildings on Sand Canyon

The new Silicon Valley-based owner of QLogic Corp. is moving the networking products maker’s local operations from Aliso Viejo to an office building under construction in the Irvine Spectrum.

Musco & Musk; Eyes on Fig & Olive; Strip Mall’s New Fortune

Word on the street says Paul Musco has racked up a win with Tesla’s operation in Europe.

Koch Foundation Keys New Institute at Chapman

EDUCATION: Aims to meld studies of economics, humanities

Chapman University President Daniele Struppa has taken the fundraising torch from Jim Doti, securing a recent $15 million gift that will allow Chapman University to establish the Smith Institute for Political Economy and Philosophy.

Management Deals Boost Twenty Four Seven Hotels

HOSPITALITY: Firm taps trends, finds deals for owners

Twenty Four Seven Hotels in Newport Beach closes a year of 50% growth with two management deals in Palm Desert and a third in Northern California.

Toshiba Closes Irvine Sale, Eyes New Space

REAL ESTATE: LBA makes 26-acre campus buy for $65M

The U.S. operations of Japan-based Toshiba Corp. should maintain a sizeable presence in Irvine following the sale of the company’s main local campus in the city, real estate sources say.

Edwards to Get Israeli Device Maker

Edwards Lifesciences Corp. in Irvine will buy Valtech Cardio Ltd in Or Yehuda, Israel, for $340 million in a cash and stock deal expected to close early next year.

Advantage Solutions Picks Up Ad Shop

Advantage Solutions, an Irvine-based provider of sales, marketing, merchandising and digital technology services to packaged goods manufacturers and retailers, bought a consumer marketing firm in Chicago on undisclosed terms.

Kingston to Sponsor Leading Gamer

The gaming accessories unit of Fountain Valley-based Kingston Technology Co. will sponsor one of the world’s top “Street Fighter” players.

LoanDepot in Line to Pick Up 2 Firms

Foothill Ranch housing lender LoanDepot LLC on undisclosed terms bought Closing USA LLC and will buy American Coast Title Co.

Nonprofit Revenue up 3%, Client Base Rises 2%

Volunteers Increase 10%, Staff Up 4% at 93 Groups

Orange County’s nonprofit organizations continued to grow revenue in the past year as more OC residents requested their services.

2016 Nears Close With Entrepreneurial Flurry

Chefs, Owners Branch Out; Plus Fifi on Water Grill

More changes and circulating stories in the industry.

ADDENDUM

Other items of interest Orange County Business Journal Vol. 39, No. 49

Pacific Investment Management Co. in Newport Beach agreed to pay $20 million in penalties, fees and interest to the Securities and Exchange Commission to settle charges that it misled investors about one of its funds.

Prices Reflect Rarity, Value of Luxury Lots Left in OC

.30-Acre Parcel In Laguna for $14.8M

Orange County’s most expensive communities are concentrated along the water.

Rapid Healthcare Gets Funding, Beefs Up Sales Ranks

Aims to Launch Second App for NICUs in 2017

Irvine-based mobile medical apps developer Rapid Healthcare Inc. received an undisclosed amount of funding from Watermark Venture Capital in Newport Beach.

Stance Steps Into Classic Disney Character Lineup

Sock Maker Debuts Duds For Men, Women, Kids

Stance Inc. in San Clemente is collaborating with Disney Consumer Products Inc. on a men’s, women’s and kids collection featuring Minnie Mouse, Mickey Mouse, Pluto, Donald Duck, and Goofy.

OCBJ Calendar

Dec. 5-14, 2016

This week's business and other event listings.

Battery Pack Maker Raises $802,000 in Crowdfunding

ChargeTech Blew Past Initial Goal for Portable

Costa Mesa-company ChargeTech raised 2,675% of its fundraising goal on crowdfunding platform Indiegogo, taking in more than $802,000 after setting an initial goal of $30,000 for PLUG, which it says is the first portable battery pack that has two AC wall outlets.

Irvine Nihon Unit Lands $35 Million Defense Contract

To Supply Patient Monitors For Military, Civilian Use

Irvine-based Nihon Kohden America Inc. has been awarded a $35.3 million one-year contract by the Department of Defense to supply patient monitoring equipment.

Real Estate Deals

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

Bryan E. Nash Living Trust sold a 0.55-acre commercial propery in Anaheim to Adam A. Nasry for $1.1 million, or about $2 million per acre.

62% Price Bump in $41.2M Sale of Tustin Apartments

Increase for 165 Units Follows 2 Deals, 5 Years

The 165-unit Vio Apartments complex in Tustin has sold for the third time in five years in what looks to be a big markup in price from its last two sales.

Goldman Gets Behind Fast Grower

Leads $39M Round to Join Early Investors Carrick, Toba

Irvine-based Mavenlink Inc. is scouting new headquarters in Irvine to accommodate a hiring push in the wake of raising $39 million from lead backer Goldman Sachs.

PBS SoCal Grows Into Role

Flagship Status Yields Increases in Funding, Membership

PBS SoCal KOCE is in the process of moving the last piece of its operations out of Golden West College, where it aired its first broadcast in 1972, as part of a plan to transfer its technical equipment to Los Angeles.

Mazda Makeover Unifies Marketing

AUTOS: Irvine HQ takes new shape after trim of 100 staffers

Chief Executive Masahiro Moro’s vision to transform Mazda North American Operations from an automaker “that just sells cars to a company that delivers a great experience” has taken its next steps following staff cutbacks and a restructuring at its headquarters in Irvine.