Orange County Business Journal


Kawasaki to Move HQ to Foothill Ranch

Kawasaki Motors Corp. U.S.A. said it will move its North American headquarters from Irvine to Foothill Ranch.

Irvine Retail Chain Acquired for $12M

Sherman Oaks-based Cherokee Global Brands acquired Flip Flop Shops in Irvine for $12 million in cash, according to documents filed with the Securities and Exchange Commission.

PE Firm Buys Kitchen Parts Distributor

Newport Beach-based private equity firm Windjammer Capital Investors acquired Heritage Food Service Group Inc., a distributor of replacement parts for commercial kitchen equipment, on undisclosed terms.

Batter Maker Gets $5 Million Investment

Huntington Beach-based Nate’s Food Co. said it will get a $5 million investment over two years from an affiliate of Ridgefield, Conn.-based Southridge LLC.


Other items of interest Orange County Business Journal Vol. 38, No. 43

University of California-Irvine is ranked No. 31 on Bloomberg BusinessWeek’s list of full-time master’s in business degree programs.

ZIP Codes With Most Active Luxury Home Listings

Laguna Beach Leads Pack With 63 Homes

Laguna Beach ZIP code 92651 was tops in the number of active $4 million-plus real estate listings in Orange County as of Oct. 15, with 63 listings, according to data from Web-based real estate database aggregators Redfin and Zillow.

OCBJ Calendar

Oct. 26-Nov. 4 and Nov. 19, 2015

This week's business and other event listings.

Peregrine Broadens AstraZeneca Cancer Clinical Pact

Collaboration Will Include Second Later-Stage Trial

Tustin-based drug developer Peregrine Pharmaceuticals Inc. is expanding its relationship with British drugmaker AstraZeneca PLC.

Behr in Santa Ana Invites Consumers to ‘Color a Memory’

Photo Hues Can Be Matched To Colors on Site

Paint maker Behr Process Corp. in Santa Ana invited consumers to upload their old photos and digitally match a color from the picture to a Behr paint color at

Live VR Stream of Democratic Debate Largely Panned

Observers: Headset Awkward, Limited

NextVR’s live virtual reality stream of the recent democratic presidential debate drew some harsh criticism from tech pundits, leading many to quip the emerging technology isn’t ready for prime time.

Real Estate Deals

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

Heslin Holdings Inc. sold a free-standing retail building in Fullerton to Safeco Corp. for $22.5 million, or about $284 per square foot.

Quail Street Offices in Newport Beach Get Creative

Bixby Moves to Avalon, BKM Buys Athletic Club

Bixby Land Co. didn’t have to look too far to find its first tenant for a creative-office redevelopment it recently finished in Newport Beach.

Mid-Counties Industrial Market Tightens to All-Time Lows

The Mid-Counties industrial market, after six consecutive quarters of positive net absorption, is seemingly out of available space.

Diva Gets It Done

What Opera, Precision Manufacturing Have in Common

Robin Follman-Otta has sung operas alongside Andrea Bocelli and overseen the production of $100,000 acoustic measuring instruments for oil drills.

New Moves for Gym Chains

Local Companies Help Lead Industry Innovations in Fitness Workouts

Some of the hottest trends in the fitness industry are being developed in Orange County, prompting several locally based companies, including LA Fitness, UFC Gym and Fitwall, to aggressively expand their brands while offering very different experiences to their members.

Allergan’s Irvine Hub Poised for Boost on Appeal to Other Half

HEALTHCARE: Newly acquired double-chin drug hot, mostly for men

The Botox Cosmetic line and other products overseen by Allergan PLC’s hub in Irvine have long been favorites among well-heeled women.

Western Realco Gets Beckman-Coulter Site in Fullerton

REAL ESTATE: Business park would boost city’s industrial base

Western Realco is planning to build a multibuilding business park on land in Fullerton that previously held the headquarters of Beckman Coulter Inc.


Dr. Bob Foresman, a local Orange County orthodontist and avid sailor, gathered around the kitchen table with his family and invented the first product of what would become an innovative profitable manufacturer nearly 50 years later.

Campbell’s Gut; APU’s Cheek; Hawkeye’s Ride

Tom Campbell is nowhere near Washington—he’s busy packing his office as dean of the Dale Fowler School of Law at Chapman University in Orange, and seems to be looking quite forward to taking a faculty post early next year with more time for writing.

Panattoni Lands Disney for Anaheim Concourse

REAL ESTATE: One of two largest at 14-building project

Walt Disney Co. has inked a deal to lease one of the largest new industrial buildings built in Anaheim over the past decade to support its local theme park and resort operations.

Another Boost for Irvine-Based Analytics Specialist

TECHNOLOGY: Software from Alteryx in Microsoft’s Power BI

Alteryx Inc.’s latest partnership with Microsoft Corp. opens the door to throngs of potential customers for the Irvine-based analytics software maker in one of the fastest-growing segments in technology.

Monster Energy Duo Invests in Central OC

REAL ESTATE: Tower bought in deal with PRES Cos.

The cash-flush duo that runs Corona-based Monster Beverage Corp. is looking to provide a boost of energy to a high-profile office tower in Orange they’ve just bought.

EON Offers Virtual Reality Content From Irvine HQ

TECHNOLOGY: Users range from NFL player to eye doctor

An Irvine-based software maker’s push into virtual and augmented reality is attracting a mix of new customers that includes eye doctors, engine builders, chemical plant operators and an NFL quarterback.

BlizzCon Gets Sponsor in Windows 10

Windows 10 will sponsor this year’s Blizz-Con, according to Larry Hryb, director of programming for Microsoft Corp.’s Xbox Live.

Irvine Bank to Merge, Branches, HQ to Stay

Irvine-based Commercial Bank of California will merge with Brentwood-based National Bank of California, with CBC being the surviving entity.

Costa Mesa Hotel to Get New Name, Redo

The Avenue of the Arts Wyndham Hotel in Costa Mesa will be renovated and renamed under the Tribute Portfolio of Stamford, Conn.-based Starwood Hotels & Resorts Worldwide Inc.

13 Asics Stores Closed Due to Dispute

Asics America Corp.’s Fashion Island retail store is among 13 locations that licensed operator Windsor Financial Group LLC closed last week following a contract dispute between the companies.


More than 4,000 friends and supporters of California State University-Fullerton gathered on campus for the school’s annual Concert Under the Stars on Sept. 19.


Other items of interest Orange County Business Journal Vol. 38, No. 42

Oaktree Capital Management LP’s turnaround plan for Quiksilver Inc. calls for combining the Huntington Beach-based footwear and apparel company with Australia-based Billabong International Ltd., a “source close to the situation” told the New York Post.

OCBJ Calendar

Oct. 19-28, 2015

This week's business and other event listings.

Masimo Executives Outline Positions for Growth

Report: Company Could Develop ‘Third Pillar’

Irvine-based Masimo Corp. executives recently took to the road to share the patient monitor maker’s story with investors as it moves through the eighth year of its 10-year business plan.

Mitsubishi Lays Lancer Evolution to Rest With Honors

Cypress Carmaker to Sell Last Models to ‘Gearheads’

Mitsubishi Motors North America Inc.’s Lancer Evolution—the performance version of its long-standing middle-market sedan—is going out in style.

Fantasy Sports Startup Responds to Industry Inquiry

Tightens Policies in Wake Of NY Probe of Rivals

Aliso Viejo-based startup FantasyAces LLC has changed some internal policies in the wake of a data analysis scandal that has shaken up the nascent and booming daily fantasy sports industry.

Real Estate Deals

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

A multitenant industrial park in Orange was sold to a limited liability company in Los Angeles for $10.5 million, or about $100 per square foot.

Office Construction Sluggish, Industrial Building Plans Up in Q3

Orange County had about 1.1 million square feet of industrial space under construction at the end of the third quarter, with the majority of the projects—849,015 square feet—concentrated in North Orange County.

Allergan to Shed Pair of Off-Campus Offices in Irvine

Marketed For Potential Creative-Office Uses

Allergan PLC has put a pair of office properties it owns in Irvine on the market. It’s the first time Allergan has tried to shed locally owned buildings since its sale to Actavis PLC this year.

OC-China Culture Club

Assimilation, Influence Hallmarks of Community Here

You won’t find a typical Chinatown in Orange County—no ethnic concentration with block after block of storefronts offering goods for new immigrants from the world’s most populous country or tourists anxious to brush up against an outpost of its culture.