Orange County Business Journal

OCBJ WEEKLY EDITION

RSI Communities Buys Riverside Site

Newport Beach-based homebuilder RSI Communities said it bought a 228-acre site in the Riverside County city of Beaumont, where it plans to build a 981-home development called Olivewood. Terms of the buy were undisclosed.

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CALL FOR ENTRIES: Website set to take entries until March 17

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ADDENDUM

Other items of interest Orange County Business Journal Vol. 40, No.3

Boeing Co. said it will start another round of engineer buyouts, including at its Southern California operations, and said it will issue layoff notices this month in Washington state, according to news reports.

2016 Capped With Record-Breaking Newport Coast Sale

Off-Water Home Sells For Eye-Popping $28M

Coastal Orange County is renowned for its beauty, from the wide expanse of sand that hugs the ocean in Huntington Beach to the rugged cliffs of North Laguna.

OCBJ Calendar

Jan. 16-25, 2017

This week's business and other event listings.

Digital Marketer Rolls Out Deal With Tire, Car Groups

Rallio Looks to Impact Entire Tire Ecosystem

An Irvine-based digital marketing startup sealed a partnership with the Bowie-Md.-based Tire Industry Association.

Allergan Lowers Outlook, Identifies Growth Markets

Single-Digit Earnings Seen As Generic Comes on Line

Allergan PLC’s Irvine-based eye care and aesthetics and dermatology businesses continue their streak of being top earners despite the company lowering overall earnings expectations for this year to mid-single-digits.

El Pollo Loco Ad Celebrates Its LA-Infused Identity

‘Road to Authenticity’ Highlights City Vibe

The first ad campaign Vitro developed for El Pollo Loco Holdings Inc. in Costa Mesa, “Road to Authenticity,” launched after the holidays with a TV commercial that ties the brand to its Los Angeles roots.

OC Companies Take Advantage of CES Showcase

They See Value as Others Put Resources Elsewhere

With another CES in the books—that’s No. 6 for those following this column—let’s take a closer look at how some OC companies tried to cut through the clutter in Las Vegas at the world’s largest consumer electronics show:

Real Estate Deals

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

500 N. Main LLC sold an office building to CCP Holdings Group LLC for $4.9 million, or about $225 per square foot.

Office Rents Near Peak Levels After 8.5% Jump in ‘16

Class B Rents Rise As Cheaper Space Sought

Year-end brokerage statistics show Orange County’s office market is approaching and in some cases exceeding the rental rate highs reached at the top of the last real estate cycle.

Sole Brother

Behind Lake Forest-Based Skate Brand’s Deal With French Rubber Giant

What do Pierre-André Senizergues and the Michelin Man have in common?

Emerald Buys Into Digital Trends to Grow Trade Shows

Tool Box Includes Beacon Technology, Data Analytics

Trade show producer Emerald Expositions LLC, a champion of face-to-face communication, appears to be thriving in the age of digital business models.

Irvine Company Carves 4 Rentals Out for Rare Sales

REAL ESTATE: Fountain Valley, SD sites sell, 2 more planned

The apartment portfolio of Newport Beach-based Irvine Company—the largest owner of rental properties in Orange County and in the state—is slightly smaller after the sale of two Southern California complexes, including one in Fountain Valley.

5.11 Tactical’s Target: Fast Growth at Retail

MARKETING: Irvine-based gear maker seeks locations around U.S.

Irvine-based 5.11 Tactical, an apparel and gear designer outfitting soldiers, firefighters and police officers, has a mission of its own—it plans to grow its 13-store retail lineup at a pace of one or two additions a month this year.

Q&A

The expanding amount of data now available to companies to analyze and sometimes monetize is changing how many do business in big and small ways.

Argyroses Give on Both Sides of Bristol; Happy Birthday Bobby Mac!

It will be tough to find a clearer example of acting locally and thinking globally than the Argyros family will provide this week.

OC Master Planned Projects Add to National Stature

REAL ESTATE: Irvine Ranch No. 1 in U.S.; 4 locals in top 20

Orange County is one of the most supply-constrained markets in the U.S. for new home development, but you wouldn’t know that based on the surge of sales at the region’s four largest sources of new homes last year.

Olen Strikes Record-Setting Lease for Chicago Tower

REAL ESTATE: $400M+ value for law firm skyscraper deal

Olen Properties Corp. has signed its largest and most valuable lease ever while keeping its anchor tenant in place at a skyscraper the Newport Beach-based real estate company owns in Chicago.

Alphaeon’s New Plan: Narrow Focus

HEALTHCARE: Looks to stick with aesthetics

Irvine-based lifestyle healthcare purveyor Alphaeon Corp. has hashed out a plan to narrow its focus on aesthetic medicine.

New President, CFO for Raj Swim

Privately held RAJ Swim in Tustin hired Brenda West as its new president, making her the first person outside of the swimwear maker’s founding family to hold the position.

CM Insurer Joins National Broker

Centennial Group Benefits in Costa Mesa merged with 23 other U.S. insurance brokers to form Alera Group, which is backed by San Francisco private equity firm Genstar Capital LLC.

$1.2M to Symphony to Engage Chinese

The Los Angeles-based James Irvine Foundation awarded a second $1.2 million grant to the Orange County-based Pacific Symphony to support efforts to strengthen its commitment to Orange County’s Chinese-American communities through arts engagement.

UCI Names New Vice Chancellor

University of California-Irvine named Ronald Cortez vice chancellor for administrative and business services, effective Feb. 13.

Wanted: Best Places to Work for OCBJ’s List

CALL FOR ENTRIES: Website set to take entries until March 17

Is your workplace great?

PHILANTHROPY

About 650 Pacific Investment Management Co. employee volunteers, friends and family members gathered on Dec. 3 at the OC Fair & Event Center in Costa Mesa to pack 12,000 holiday meals for families in Southern California.

ADDENDUM

Other items of interest Orange County Business Journal Vol. 40, No. 2

An affiliate of private investment firm Admiralty Partners Inc. acquired General Electric’s Santa Ana aerospace business unit and plans to maintain it at its present location under the name Integral Aerospace LLC, according to news reports.

Partnership Attempts to Capture Missing Fans in Action

TicketSocket Looks to Lure Couch Potatoes

A Newport Beach-based company that facilitates the issuance of events tickets has partnered with a cloud-based network to offer registration and tickets for online broadcasts of live events.

OCBJ Calendar

Jan. 9-18, 2017; Jan. 25, 2017

This week's business and other event listings.

Cryogenics Transportation Outfit Gets Trial Account

To Serve Over 50 Sites For Immunotherapy Tests

Irvine-based Cryoport Inc. will provide transportation services to Gradalis Inc.’s second and third phase clinical trials in advanced stage ovarian cancer and to a second phase trial for Ewing’s sarcoma, a rare tumor associated with children and young adults.

Vans Joins Year of Rooster With Special Kicks

Line Features Palette Of Chinese Zodiac Critter

Vans Inc. in Cypress marked the Year of the Rooster—which runs from Jan. 28 to Feb. 15, 2018 on the Chinese calendar—with a specially designed shoe collection developed in cooperation with Shanghai-based designer Kim Kiroic.

Delay on Close of Vizio-LeEco Deal Raises Questions

Company Reps Pegged Year-End Sale Wrap

Vizio Inc.’s pending $2 billion sale to Chinese conglomerate LeEco failed to close by year-end, indicating a potential wrinkle in a deal that still needs final approval from Chinese regulators.

Real Estate Deals

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

D & V Capital Investments LLC sold four R&D condominiums in Irvine to Winchester Equity Group LLC for $3.9 million, or about $252 per square foot.

Bascom Adds More Las Vegas Rentals With 2 Buys

$47.5M for 2 Deals; Now Has 9,100 Units There

Irvine-based apartment investor and operator Bascom Group has added two rental properties in Las Vegas to its already sizeable portfolio there.

Panattoni Buys 7-Acre Parcel in Anaheim From City

REAL ESTATE: $10.2 million for city-owned land along I-5

The developer of the Anaheim Concourse industrial campus has closed on the purchase of another, smaller development site near the Platinum Triangle.

Allergan Picks Up NJ Manufacturer

Allergan plc paid $2.9 billion to buy New Jersey-based LifeCell Corp., which develops aesthetic and regenerative medicine used in plastic surgery, in a deal expected to close in the first quarter.

Finance: John DeCero

Saw Great Recession Coming, Came Through It Swimmingly

John DeCero didn’t take an easy path to this week’s honor as the Business Journal’s finance Person of the Year.