OCBJ WEEKLY EDITION
Images in Tome Are A Retrospective on Its Work
InterCommunications Inc., a brand consulting company that specializes in the real estate and hospitality industries, recently published a coffee table book, “Imaging Places”—a 288-page portfolio of projects the Newport Beach firm has taken on over its 30 years in business.
Costa Mesa Car Maker In Tests for Karma Relaunch
The deep pockets funding Costa Mesa-based Fisker Automotive and Technologies Group LLC’s revival have led the automaker to test several technologies and features as it prepares to relaunch its luxury hybrid Karma.
Sales and leases of offices, industrial buildings, retail space and apartments
Third-quarter vacancy rates in Orange County’s manufacturing and warehouse sector dropped to 2.2%, down 21% from a year earlier.
5-Building Project Part Of $120M JV With Prudential
CT Realty is moving ahead on a $25 million industrial project in Riverside in the first deal the Aliso Viejo-based developer has made with a large institutional investor it recently partnered with.
Much of this week’s issue is dedicated to a look back at 2014, which has proved to be a remarkable year in many respects for the community of business in Orange County (see overview, page 1; coverage by industry, pages 5 through 18).
EDUCATION: Online-only program now in test phase
Brandman University in Irvine is testing an online-only bachelor’s degree in business administration based on a “direct assessment” of student knowledge rather than a traditional university system of units per course.
REAL ESTATE: Plan for Tustin office continues trend
Bixby Land Co. is set to undertake its largest creative-office redevelopment project in Orange County to date at an industrial building in Tustin.
VidCon will return to the Anaheim Convention Center for its 2015 edition, with a three-day run scheduled to start on July 23, according to the show’s website.
We picked the veteran chief executive of Irvine-based Allergan Inc. as a the person to watch for a number of reasons, including the expectation of new products and his pick of a clear No. 2 executive in Douglas Ingram, Allergan’s president.
Orange County’s biggest landlord grabbed more than its share of headlines this year, confirming our choice of Doug Holte, who heads the office properties division for Irvine Company, as 2014’s person to watch for real estate.
Gross made the biggest people-on-the-move news in the finance industry this year, leaving Pacific Investment Management Co. for much-smaller rival Janus Capital Group.
The Business Journal’s choice of Sailesh Chittipeddi, chief executive of Newport Beach-based chipmaker Conexant Systems Inc., hit the target.
Our prediction of a healthy year for local hotels proved accurate. Our person to watch was Ralph Grippo, president of Irvine Company Resort Properties.
Andrew Leisner, publisher of the Bonnier Motorcycle Group in Irvine, appeared on the Business Journal’s radar after a swap of six surf and skateboard publications for nine motorcycle titles from San Clemente-based TEN: Action/Outdoor Group.
The Quiksilver Inc. boss continued to reshape the operations of the brand, which once again struggled despite its heritage as a pioneer of the surfwear sector.
We said to keep an eye on Irvine-based Taco Bell Corp. Chief Executive Greg Creed as he began overseeing the brand worldwide in January.
Other items of interest Orange County Business Journal Vol. 37, No. 50
2014 Appears To Eclipse Luxury Sales Last Year
Orange County’s coastal region is as renowned for its sophisticated yet laid-back vibe as it is for its captivating scenery.
Kylie Schuyler decided to create a mentoring program for girls in grades five through eight in which accomplished college-age women would serve as mentors.
Why Some Builders Share Profits, Even If Wall Street Wonders
Orange County’s high-end housing market is proving to be a big source of business for The New Home Co.—even if it’s been a source of confusion to some Wall Street investors and analysts who follow the homebuilder.
Plenty of Business Backers for Santa Ana School’s Focus on Arts, Academics, Dual Immersion
The idea of charter schools was little-known concept in Orange County in 1999, recalls Susan Mas.
AUTOS: China-based owner hires 100 engineers with eye on relaunch
The new Costa Mesa headquarters of Fisker Automotive and Technologies Group LLC is buzzing with optimism under a new management team that has a track record of successful turnarounds to go with financial backing from one of China’s wealthiest entrepreneurs.
Nearly three-quarters of the U.S. adult population—74% to be exact—fears the idea of speaking in public, according to a 2013 National Institutes of Health survey.
Dec. 8-17, 2014
This week's business and other event listings.
New Law Loosens Process US Firms Have Criticized
Efforts over the past decade by several of Orange County’s better-known medical device executives to change Japanese laws are bearing fruit.
O’Leary Produces Five Pieces Starring Tiny Baker
O’Leary and Partners, in its latest assignment for Wetzel Pretzels LLC, has brought the Pasadena-based chain’s blue baker mascot to life.
The Orange County research and development market remained tight in the third quarter.
Aims to Fill Sector Niche Void After Recent Shifts
Fast-growing Irvine company Numecent has acquired employees, customers and intellectual property from Approxy, a joint venture it spun out in 2012 with private investors to deliver “cloud paging” for next-generation cloud-gaming services.
Marcial R. Mancillas Children’s Trust sold an industrial building in Irvine to a private investor for $3.4 million.
5th St. Towers Could Be Latest Buy for Bond Giant
Newport Beach-based Pacific Investment Management Co. has emerged as the likely buyer of one of the most prominent office complexes in downtown Minneapolis, according to news reports from the Twin Cities.
Is the split between Bill Gross and Pimco—now going on 3 months old—just too juicy to quiet down in the financial press?
HOSPITALITY: New amenities, look for lobby, all 536 rooms
A yearlong renovation has Hotel Irvine ready for its interior close-up—with makeovers of meeting spaces and outdoor amenities scheduled for completion in January.
REAL ESTATE: Blackstone unit now owns 1.5M SF in area
The office division of New York-based private equity giant Blackstone Group has added another big office complex in Costa Mesa to its growing Orange County portfolio.
A $345 million acquisition spree by Newport Beach-based KBS Realty Advisors includes a prominent office tower in San Jose and a pair of deals on the other side of the country.
HEALTHCARE: $3.5B for maker of neurological drug
Aliso Viejo-based Avanir Pharmaceuticals Inc. hopes to continue its recent surge under new owner Otsuka Pharmaceutical Co., which aims to beef up its neurology drug lineup following an upcoming patent expiration.
Every Category Is Higher, Including Costs, Clients
More people needed a lift last year, and local donors and charitable organizations responded with more money and more people to offer help.