Orange County Business Journal

OCBJ WEEKLY EDITION

Fairhaven Memorial in Santa Ana to Dallas Buyer

REAL ESTATE: Deal includes 2 other funeral homes in area

Fairhaven Memorial Park and Mortuary in Santa Ana—one of Orange County’s largest and oldest cemeteries—has been sold to one of the country’s biggest providers of funeral services.

Pac Merc Expands Hollywood Niche

FINANCE: Beverly Hills-based unit lends to A-list movies

Costa Mesa-based Pacific Mercantile Bank has ramped up its entertainment financing business, an area that has become a key contributor to growth as the bank sharpens its focus on commercial lending.

SwimSpot Gets Permanent Place in Raj Manufacturing’s Roster

RETAIL: Grows from online, pop-ups to brick-and-mortar

SwimSpot Holdings started out five years ago as the retail arm of Tustin-based Raj Manufacturing LLC.

Telogis Raises $25M in New VC Round

Aliso Viejo-based Telogis Inc. raised another $25 million in venture capital funding, according to a filing with the Securities and Exchange Commission.

Masimo Wins Court Battle Over Patent

Irvine-based Masimo Corp. said last week that a federal court in Delaware upheld a $467 million jury verdict in its favor against a pair of Royal Philips Electronics NV’s units for patent infringement.

Apex Acquires New Jersey Water Park

Apex Parks Group, an Aliso Viejo-based owner and operator of leisure parks, acquired Sahara Sam’s Oasis Indoor and Outdoor Water Park in New Jersey on undisclosed terms.

Restaurant Chain Sponsors Indy Driver

Wienerschnitzel said it would sponsor race car driver J.R. Hildebrand in the Indianapolis 500.

Taylor Morrison Buys Pacifica San Juan Site

REAL ESTATE: 194 acres could hold small, estate lots

A venture that includes Scottsdale, Ariz.-based Taylor Morrison Home Corp. has bought the stalled Pacifica San Juan home development in San Juan Capistrano.

ADDENDUM

Other items of interest Orange County Business Journal Vol. 38, No. 21

Frost Data Capital, a San Juan Capistrano-based investment firm and startup incubator, joined other venture investors to back Maana, a developer of big-data search engine technology.

Luxury Buyers Seek Second Homes on OC’s Coast

Drawn Through Vacations, Easy Flight Paths to OC

The demand for second homes is rising all along Orange County’s coast, say some top area real estate specialists, driven principally by luxury buyers seeking an ideal second or even third home that also serves as a solid investment.

OCBJ Calendar

May 25-June 3, 2015

This week's business and other event listings.

Hoag-USC Cancer Alliance Adds Melanoma Program

Patients to Have Access To Advanced Clinical Trials

Hoag Memorial Hospital Presbyterian and the University of Southern California’s 19-month-old alliance for cancer treatment continues to branch out in new directions.

Behr’s New Agency Gets ‘Emotional’ With DIYers

New Ads Target Painters and Their Muses

Paint maker Behr Process Corp. in Santa Ana is counting on a new marketing campaign to help it establish an “emotional connection” with consumers.

Office, Industrial Markets Remain Tight in Q1

There were approximately 1.2 million square feet of industrial space under construction at the end of the first quarter.

CenturyLink Tests Power-Saving Tech at Irvine Facility

Fuel Cells Save Electricity, Lower Data Center Costs

Monroe, La.-based CenturyLink Inc., one of the largest data-center builders and operators in the U.S., is testing a new fuel cell technology at its Irvine operation that could lead to significant cost savings in the capital-intensive sector while freeing up power on the taxed electrical power grid run by Southern California Edison and other energy providers.

Olen Adds 2 Arizona Complexes to Rental Portfolio

Buys One Mesa Complex, Another Deal on the Way

Olen Properties Corp. is making a $78 million investment in Arizona’s multifamily market.

Real Estate Deals

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

Glabman Partnership sold a retail building in Costa Mesa to the Soderstrom Family Trust for $6.2 million, or $153.75 per square foot.

OCBJ Calendar

This week's business and other event listings.

Hoag-USC Cancer Alliance Adds Melanoma Program

Patients to Have Access To Advanced Clinical Trials

Hoag Memorial Hospital Presbyterian and the University of Southern California’s 19-month-old alliance for cancer treatment continues to branch out in new directions.

Behr’s New Agency Gets ‘Emotional’ With DIYers

New Ads Target Painters and Their Muses

Paint maker Behr Process Corp. in Santa Ana is counting on a new marketing campaign to help it establish an “emotional connection” with consumers.

Office, Industrial Markets Remain Tight in Q1

There were approximately 1.2 million square feet of industrial space under construction at the end of the first quarter.

CenturyLink Tests Power-Saving Tech at Irvine Facility

Fuel Cells Save Electricity, Lower Data Center Costs

Monroe, La.-based CenturyLink Inc., one of the largest data-center builders and operators in the U.S., is testing a new fuel cell technology at its Irvine operation that could lead to significant cost savings in the capital-intensive sector while freeing up power on the taxed electrical power grid run by Southern California Edison and other energy providers.

Real Estate Deals

Glabman Partnership sold a retail building in Costa Mesa to the Soderstrom Family Trust for $6.2 million, or $153.75 per square foot. The 40,000-square-foot building is at 3089 Bristol St.

Olen Adds 2 Arizona Complexes to Rental Portfolio

Buys One Mesa Complex, Another Deal on the Way

Olen Properties Corp. is making a $78 million investment in Arizona’s multifamily market.

Julia Passes Torch on Philanthropy; Dukes Back in Business

Count on Julia Argyros to gently move the needle on a subject that’s prompted a lot of sideline chatter ever since Henry Segerstrom passed away in February: Who’s in line to take the torch from the remarkable group of entrepreneurs who have driven OC’s philanthropy over the past half century?

Office Sale Gives Offshore Trend Korean Flavor

REAL ESTATE: New owners add to ethnic enclave here

One of the larger multitenant office complexes in Buena Park has traded hands in the latest notable Orange County commercial real estate deal involving investors from Asia.

Fairhaven Memorial in Santa Ana to Dallas Buyer

REAL ESTATE: Deal includes 2 other funeral homes in area

Fairhaven Memorial Park and Mortuary in Santa Ana—one of Orange County’s largest and oldest cemeteries—has been sold to one of the country’s biggest providers of funeral services.

Pac Merc Expands Hollywood Niche

FINANCE: Beverly Hills-based unit lends to A-list movies

Costa Mesa-based Pacific Mercantile Bank has ramped up its entertainment financing business, an area that has become a key contributor to growth as the bank sharpens its focus on commercial lending.

SwimSpot Gets Permanent Place in Raj Manufacturing’s Roster

RETAIL: Grows from online, pop-ups to brick-and-mortar

SwimSpot Holdings started out five years ago as the retail arm of Tustin-based Raj Manufacturing LLC. These days the subsidiary serves as the swimsuit maker’s eyes and ears, collecting data on customers’ preferences and shopping habits.

Telogis Raises $25M in New VC Round

Aliso Viejo-based Telogis Inc. raised another $25 million in venture capital funding, according to a filing with the Securities and Exchange Commission.

Masimo Wins Court Battle Over Patent

Irvine-based Masimo Corp. said last week that a federal court in Delaware upheld a $467 million jury verdict in its favor against a pair of Royal Philips Electronics NV’s units for patent infringement.

Apex Acquires New Jersey Water Park

Apex Parks Group, an Aliso Viejo-based owner and operator of leisure parks, acquired Sahara Sam’s Oasis Indoor and Outdoor Water Park in New Jersey on undisclosed terms.

Restaurant Chain Sponsors Indy Driver

Wienerschnitzel said it would sponsor race car driver J.R. Hildebrand in the Indianapolis 500.

Taylor Morrison Buys Pacifica San Juan Site

REAL ESTATE: 194 acres could hold small, estate lots

A venture that includes Scottsdale, Ariz.-based Taylor Morrison Home Corp. has bought the stalled Pacifica San Juan home development in San Juan Capistrano.

ADDENDUM

Other items of interest Orange County Business Journal Vol. 38, No. 21

Frost Data Capital, a San Juan Capistrano-based investment firm and startup incubator, joined other venture investors to back Maana, a developer of big-data search engine technology.

Luxury Buyers Seek Second Homes on OC’s Coast

Drawn Through Vacations, Easy Flight Paths to OC

The demand for second homes is rising all along Orange County’s coast, say some top area real estate specialists, driven principally by luxury buyers seeking an ideal second or even third home that also serves as a solid investment.

Gaming Changers

OC Theme Parks Immersed in Latest Trend

Amusement parks in Orange County and companies based here that operate parks elsewhere are adding immersive, interactive and gaming attractions to tap trends toward more personalized customer experiences.