Orange County Business Journal

OCBJ WEEKLY EDITION

M&A Slowdown Any Way You Cut It

FINANCE: Mega-comparisons show big drop; slight dip otherwise

The value of Orange County mergers and acquisitions slipped last year, but not as far as a first glance might suggest. The deals plummeted to $28.3 billion from $88 billion in 2015.

2 Buildings in Airport Area Pegged at $200M+

REAL ESTATE: Emmes Group close to re-entering office market

New York-based Emmes Group of Cos. has been selected to buy the Main Plaza office buildings near John Wayne Airport in what looks to be the first big local office transaction of the year, real estate sources tell the Business Journal.

Providers Look to Creatively Revolutionize Care

Labs, Investments Target Nontraditional Approaches

Innovation in healthcare, when it comes to medical devices and pharmaceuticals, isn’t new. But technology relating to patients, such as health records and how patients interact with healthcare providers, can be lacking. The new territory means looking for ways to engage and care for patients outside of traditional hospital settings or office visits.

Q&A

Value-based care delivery, since former President Barack Obama signed the Affordable Care Act into law in 2010, is the standard of the healthcare industry. Reimbursements continue to drive medical technology advancements and a greater emphasis on outpatient care delivery, including preventative care.

Top-Ranked Hospitals Combine for 2% Revenue Jump

30 Centers Take in $7.2B; UCI Hospital Still at Top

Last year Renton, Wash.-based Providence Health & Services and Irvine-based St. Joseph Health merged to form a seven-state healthcare system, a transaction that further consolidated its Orange County-based hospitals under the umbrella of St. Joseph Hoag Health.

CHOC Wants Community In On Child Mental Health

Center Aims To Involve Nonmedical Participants

Healthcare providers continue to transform delivery of care, changes driven largely by reimbursement policy. Mental health, in particular, is high on Orange County healthcare providers’ priority list, and Children’s Hospital of Orange County is spearheading one effort as part of a larger mission to improve children’s health and well-being.

New Perspectives on Diapers, Lawyers, Football, Politics

You don’t necessarily have to do a lot to get a fresh perspective—sometimes a slight shift in vantage point is all it takes …

Fashion Island Joins Luxe Marketing Co-Op

RETAIL: 5 property owners, 10 shopping centers under umbrella

Irvine Company has joined forces with four other major retail property owners for a marketing effort intended to keep its Fashion Island shopping center in Newport Beach a must-see destination on luxury travelers’ itineraries.

NB-Based Sealant Brand Puts Name on Texas Race

MARKETING: Rainguard gets IndyCar deal Firestone let go

Rainguard International jumped the gun—in a good way.

Kingston Adds to E-Sports Lineup

TECHNOLOGY: Segment is small but fast-growing

The strategy behind recent product launches at Kingston Technology Co.’s growing gaming unit is a simple one: visibility in the booming e-sports scene.

Cyclical Business: Skis Rossignol Back as Felt’s New Owner

MANUFACTURING: Partners in deal to sell Irvine-based brand

The Skis Rossignol S.A. acquisition of Felt Racing LLC marks a return to Orange County for a firm with a difficult history here.

Hotel Transactions Drop 22% Last Year

Twenty-two hotels sold last year in Orange County for $807 million, or 19% fewer properties for a 54% lower proceeds total, according to Atlas Hospitality Group in Irvine.

Motorcycle Publication Refreshes

Motorcyclist magazine in Irvine will debut a new look with its March/April issue, which goes on sale Feb. 28.

Vanguard Exec to Head Nurses Group

Mary Wickman, director of nursing and professor of nursing at Vanguard University in Costa Mesa, was named president of the Association of California Nurse Leaders.

Tourism Marketer Gets New Board

The Orange County Visitors Association named its new board for the 2017-18 term. The group markets Orange County for tourism and business travel.

Wanted: Best Places to Work for OC Business Journal’s List

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

Is your workplace great?

PHILANTHROPY

Oggi’s Sports, Brewhouse, Pizza donated to 25 charities in honor of its 25th anniversary in December, with items including sleeping bags for homeless military veterans, food for shelter animals, and toys for underprivileged children.

ADDENDUM

Other items of interest Orange County Business Journal Vol. 40, No. 8

iHeartMedia Revenue Platforms is shutting down its Aliso Viejo office and moving operations to Texas.

Irvine Allergan Unit Logs Strong Quarter for Parent

Growth, Botox Robust; $1.2 Billion Overall Sales

Allergan PLC’s Irvine-based business lines were key contributors to fourth-quarter revenue of $3.86 billion, up 7% year-over-year.

Hyundai Goes Patriotic With a Soldiers Super Bowl

Video Connects a Few Overseas With Home

Several big names were among thousands of viewers who praised Hyundai Motors America Inc.’s Super Bowl ad, including John Krafcik, the automaker’s former chief executive who now runs Waymo, a self-driving outfit and sister company to Google Inc.

OCBJ Calendar

Feb. 20-March 1, 2017; March 6 & 8, 2017

This week's business and other event listings.

Pacific Hospitality Lists Bacara Resort & Spa for Sale

Paid $185M in ’13; Could Sell for About $250M

Irvine-based Pacific Hospitality Group should make a big profit off the planned sale of one of its high-end properties.

Vizio Spying Payment Could Have Bigger Implications

$2.2M Settlement Could Cast Shadow on Sale

Vizio Inc.’s $2.2 million agreement to settle charges that it violated unfair trade practices and consumer protection laws by tracking the viewing habits of smart TV owners without their knowledge or consent could alter William Wang’s business plan after the company’s proposed sale.

Real Estate Deals

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

Standard Avenue Property Company LLC sold a three-building industrial campus in Santa Ana to Caliber Paving Company Inc. for $4.3 million, or $142 per square foot.

Tech Firm Attracts BMW to Worker-Allocation Service

Cloud-Based Tool Lets Consumers Compare

A startup that created a cloud-based technology platform that helps companies allocate full-time employees, subcontractors and independent contractors just signed its first customer—and a biggie, at that.

Real Estate Watch: Demand for Retail Space Soars

Orange County retail vacancy in the fourth quarter hit its lowest rate since before the recession, dropping from 4% quarter-over-quarter and concluding 2016 at 3.7%.

Phase II for Too Faced

Makeup Brand Remains Firmly Rooted in OC After $1.5B Sale to Estée Lauder

Estée Lauder Cos. Inc.’s $1.5 billion buy of Too Faced Cosmetics LLC kick-started the next chapter of the Irvine-based company, which now aims to expand its global reach and nearly double its workforce.

Phase II for Too Faced

Makeup Brand Remains Firmly Rooted in OC After $1.5B Sale to Estée Lauder

Estée Lauder Cos. Inc.’s $1.5 billion buy of Too Faced Cosmetics LLC kick-started the next chapter of the Irvine-based company, which now aims to expand its global reach and nearly double its workforce.

Eye of the Tiger

How Tournament at Riviera Serves Community in Anaheim, Goal of Reaching 1 Million Kids Nationwide

A bunch of fifth graders in a packed classroom at the Tiger Woods Learning Center in Anaheim are analyzing hair and fingerprint samples from a mock crime scene.

Deal Puts Top Tenant Reps Under Same Roof

REAL ESTATE: Cresa OC will shift to Savills Studley brand

Orange County’s two largest commercial real estate brokerages that focus on representing tenants have joined forces.

Panattoni Adds 2nd North OC Site to Industrial Pipeline

REAL ESTATE: 10-acre former farmland fetches $17.7 million

The developer of Orange County’s largest industrial project over the past decade has bought another site along the Anaheim-Placentia city line for what’s planned to be a multibuilding industrial project.

Crowdfunding Misstep Kickstarted Enterprise

Crowdcreate Helps Others Avoid Same Mistakes

Getting kicked off Kickstarter provided the kick two Orange County entrepreneurs needed to create their own crowdfunding marketing agency.

Pair Leverages Common Interests to Create Brand

Fast Cars, Swank Nightlife Product of Hearty Ambition

Entrepreneurs, if nothing else, must be resourceful.

Lots of Good On OC To-Do List

What to do if you’re unsettled by the harsh tone and tenor of politics today?

Laguna Beach Exec Gets Pro Tennis Franchise

SPORTS: Buys Breakers from Canadian entrepreneur

Laguna Beach resident Eric Davidson has taken up a family tradition with his purchase of Orange County’s professional tennis team from Canadian technology and media entrepreneur Lorne Abony.

Edwards Lifesciences Joins Patient Safety Movement

HEALTHCARE: 70 companies now pledged to share data

Call it a cross-town collaboration long in the making.

SWA Error Prompts Revised JWA Count

ECONOMY: Passenger traffic overstated for 14 months

John Wayne Airport revised its monthly passenger counts downward by 348,965 for travel from July 2015 through August 2016 after the discovery in September of an over-count by JWA’s busiest airline by volume, Dallas-based Southwest Airlines Co.