OCBJ WEEKLY EDITION

New Boss Poised to Rev Up Sales at DealerSocket

AUTOMOTIVE: Investor move also raises a question

Sejal Pietrzak may be a newcomer to the staff at DealerSocket Inc. in San Clemente, but the private equity firm that owns the software-as-a-service company knows her well—the new president and chief executive was part of the management team at ACTIVE Network in Dallas, which Vista Equity Partners agreed to sell last month to Global Payments Inc. for $1.2 billion.

PHILANTHROPY

The 2017 Hoag Summer Classic, hosted by the Hoag Hospital Foundation and its 552 Club, was a sold-out event with more than 1,400 guests at the Newport Dunes Resort in Newport Beach.

Innovators Lauded by Business Journal

About 400 people celebrated creativity at the Business Journal’s third annual Innovator of the Year Awards luncheon at Hotel Irvine on Sept. 12.

$8M Grant to Fund Spinal Cord Project

The University of California-Irvine said the National Science Foundation awarded $8 million to a UCI-led consortium to develop a system that can restore walking ability and sensation in individuals with spinal cord injuries.

Yamaha Motor to Sell Electric Bikes

Yamaha Motor Corp. USA said it plans to enter the U.S. electric bicycle market next year.

Aerospace Manufacturer Closes $60M Buy

Santa Ana-based aerospace manufacturer Ducommun Inc. closed its $60 million strategic, cash buy of LS Holdings Company LLC.

OCBJ Calendar

Sept. 18-Sept. 27, 2017

This week's business and other event listings.

Real Estate Deals

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

Wohl Investment Co. sold Newport 17th Plaza, a neighborhood retail center, in Costa Mesa to Ezzat Wassef for $8.3 million, or $483 per square foot.

Business Bites

Other items of interest Orange County Business Journal Vol. 40, No. 38

Chapman University said its Dale E. Fowler School of Law received a $1.125 million gift from Newport Beach-based personal injury law firm Bergener Mirejovsky APC to fund a scholarship for law school students for six years, among other efforts.

Anaheim Tourism, Spending Up YTD

Visit Anaheim said 12.1 million travelers to the city have spent $4.2 billion in Orange County year-to-date, an increase of about 10% for each number, and have spent of about $347 per person.

School Introduces Cybersecurity Master’s

Webster University in Irvine will offer a master’s degree program in cybersecurity starting in late October.

BJ’s Heads to SC Capital in Expansion

BJ’s Restaurants Inc. added a location in Columbia, S.C., its first in the state and eighth new restaurant this year.

Lake Forest Land Sells for $177M

Serrano Site to Lennar; LandSea Sells Some Land to KB Home

Two of the largest residential development sites in Lake Forest have changed hands within a few days of each other in a pair of land transactions valued at nearly $177 million combined.

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Former Exec Sues Bank Over Parting

Jeffrey T. Seabold, who was involved in a controversial transaction while with Banc of California Inc., left the Santa Ana-based bank and is suing it for wrongful termination.

Beer Mecca: ‘Brewing District’ Eyed in Anaheim

120-Room Hotel Also on Tap, 92,000 SF of Retail

A Los Angeles-based developer wants to turn a roughly 13-acre site near the Anaheim resort district into a Disneyland of sorts, for beer lovers.

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Inklocker Dresses Up Downtown Disney

It’s the Company’s First Business-to-Consumer Play

Print a custom T-shirt, on demand, in five minutes.

Medical Device Startup Plans Ultra-Lean Operation

Laser Associated Doesn’t Plan Additional Raise

Medical device startup Laser Associated Sciences hopes to commercialize its patient monitoring device while staying lean on capital.

AiVita Boosts Beauty Arm With New Product Launch

HEALTHCARE: Proceeds will support cancer research

Stem cell researcher and entrepreneur Hans Keirstead is jazzing up AiVita Biomedical Inc.’s new consumer skin care product launch with a social media strategy and a new product, Root of Skin, which joins skin-care product Provoque, currently sold through authorized physicians.

RSI Adds to Texas Pipeline, Gets OK for 1,500 Homes

Plans 35 Communities In SoCal, Texas This Year

Newport Beach-based RSI Communities LLC has added another large development site in Texas to its growing homebuilding portfolio.

Medical Device Makers Grow Employment 8.1%

HEALTHCARE: 39 biggest add over 1,500 workers in strong sector

Medical device makers with operations in Orange County added 1,560 employees over the 12 months ended July 30, for a growth rate of 8.1%, according to Business Journal research.

Chronicling the Slide of Acacia

TECHNOLOGY: Patent enforcement ‘not what it used to be’

Acacia Research Corp.’s prolonged downward spiral on Wall Street has been propelled by recent changes in intellectual property rights and litigation.

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Real Estate Deals

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

Lanco Exchange Inc. sold a retail building in Fullerton to Kim & Co. CPA for $2.7 million, or $563 per square foot.

Medical Wearables Converge With Consumer Products

Patient-Centered Approach Drives Mobility Surge

Last year’s wearable-technology market was valued at just over $13.2 billion, according to healthcare research firm Kalorama Information, a division of Market Research Group LLC in Rockville, Md. That’s projected to triple by 2020.

OC-Based Drugmakers Increase Employment 3%

Allergan Still No. 1; Dendreon Joins List

The biggest drugmakers with headquarters or significant operations in Orange County employed 2,861 here at the close of the year ended July 30, up nearly 3% from a year earlier.

OCBJ Calendar

Sept. 11-Sept. 20, 2017

This week's business and other event listings.

Business Bites

Other items of interest Orange County Business Journal Vol. 40, No. 37

The local units of Cedar Rapids, Iowa-based Rockwell Collins Inc. could be in line for another shakeup following its planned $30 billion sale to Conn.-based United Technologies Corp.

Go Big Mike

Wise guys say Amazon could be the first $1 trillion company. It could. It’s put out giant retailers and mom-and-pop Seattle grocers (free bananas).

An Algorithm Built in a Corona del Mar Garage

FINANCE: Tom Ronk’s firm seeks $100 million

Wanted: $50 million to $100 million for two guys working out of a garage in Corona del Mar.

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Tilly’s Works Top, Bottom In ‘Difficult Environment’

RETAIL: Making ‘shopping experience fun,’ other strategies

A dragon’s roar disrupted the quiet hallway in front of the Tilly’s Inc. store at the Ontario Mills outlet mall last week, startling some shoppers and prompting others to take a closer look.

Nitrogen Ice Cream Gets Second Scoop

FRANCHISING: Cauldron tests OC food trend’s appetite

A quick Yelp search reveals more than a dozen nitrogen-infused ice cream outlets across Orange County, from Laguna Niguel and Mission Viejo, through Irvine, and into Anaheim, Garden Grove, Fountain Valley and Tustin.

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Palmer Luckey Takes to Twitter About Possible Buy

Says He’s Considering Picking Up Headset Maker

Is Palmer Luckey seriously contemplating a bid for virtual reality headset maker HTC Vive?

Karma Angles for Natural Connection in Eclipse Shoot

Multicity Video Celebrates ‘Ethos’ to ‘Lean on’ Nature

Karma Automotive LLC in Irvine marked last month’s solar eclipse with a multicity video shoot.

Premier Takes Over ROC-y Office Spaces

No Stranger to Co-Working Scene

When Newport Beach-based Real Office Centers couldn’t pay the rent for several of its Orange County co-working spaces, its landlord, Irvine Co. was faced with two options: evict ROC and all of its sublessees or find another co-working company to provide a seamless transition.

Profiting on Hurricanes

Prescient Report on Generac

On Aug. 11, Tom Ronk’s algorithm generated a report on Generac Holdings Inc. (NYSE: GNRC), a maker of power generation equipment often sought after natural disasters.

Snapshot Stats Show Sizzling Summer of Sales

Data Indicate High-End Market Still Hot in OC

Summer is winding to a close. School has started up again, colleges have opened their doors to welcome students, and toy marketing gurus are putting the final touches on their holiday advertising campaigns.

Key West Lands 2nd Big OC Investor in a Month

Passco Apartment Buy Follows Sunstone Deal

It’s a nearly 2,900-mile trip from Orange County to Key West, Fla., site of the southernmost point in the continental United States.

Water’s Fine

Marina Ownership Murky

We reported Aug. 28 on several members of the two teams bidding to renovate Dana Point Harbor for an estimated $200 million. At that price there will be barnacles, and they’ll be scraped.

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