AUTOS: Seeks halo effect for whole lineup with new model
Kia Motors America Inc. sees 2014 as the year of the luxury sedan—and the time to push up market perceptions of its brand.
MARKETING: Targets Hollywood with ultra-HD
Vizio Inc.’s marketing strategy for 2014 is just like its latest ad campaign: “beautifully simple.”
A bankruptcy judge in Chicago approved the sale of most of the assets of Santa Ana-based Edison Mission Energy, a unit of Edison International, the Rosemead-based parent of Southern California Edison.
A Swiss commercial printing equipment maker established its North American headquarters in Laguna Niguel.
Mitsubishi Electric Automotive America Inc. plans to consolidate its regional operations in Huntington Beach.
Lombard Medical Inc., a British medical device maker with U.S. headquarters in Irvine, filed a registration statement with the Securities and Exchange Commission for an $80 million initial public offering on the Nasdaq exchange.
Min Kun Kim, who most recently served as chief executive coordinator at Kia Motors America Inc.’s headquarters in Irvine, was promoted to president and chief executive of Kia Canada Inc.
“Mentorship is one of the single most important gifts you can give to youth, especially those facing adversity,” says Melissa Beck, chief executive of Big Brothers Big Sisters of Orange County.
March 17, 2014
This week's business and other event listings.
Tries to Get More Bang for Its Limited Pile of Bucks
Professional arena football team LA Kiss, with less than a month till the start of its inaugural season, has a flurry of marketing activities in the works.
Doctor Said Device Could Extend, Improve Lives
Edwards Lifesciences Corp. recently hit another milestone with one of its less-invasive heart valves.
Wins $5.3M in Damages From Local Company
Aliso Viejo-based chipmaker Microsemi Corp. was awarded $5.3 million in damages from another local technology company in a breach-of-contract lawsuit filed four years ago.
A family trust sold the Lakeside Plaza office building in Mission Viejo to a private investor for $3.3 million.
Absorption in the Greater Airport Area office market in the fourth quarter was negative 42,007 square feet compared to positive 83,307 square feet in the third quarter.
Ericsson Eyes 440,000 SF in Silicon Valley Project
Newport Beach-based Irvine Company is making more waves in the Silicon Valley office market, with a blockbuster lease for a development reportedly in the works.
Distressed Deals Down, Development on Comeback
Nonlocal investors produced the bulk of activity last year in Orange County’s commercial real estate market, the first year since the onset of the recession that distressed deals didn’t make up a large portion of sales activity.
Interest Rate Hikes Bring 13% Decline in Business
Business for Orange County’s largest title insurers took a step back in 2013 as rising interest rates brought about a steep drop in refinance work during the second half of the year.
ECONOMY: 5.5% increase in sales; 2.2% gain on OC jobs
The biggest minority-owned businesses based in Orange County combined for $12.8 billion in revenue last year, a 5.5% increase from a year earlier.
Convention centers throughout Southern California and the nation battle in a never-ending contest to win the business of everyone from comic book geeks to medical device makers.
Hotel Conference Producers Take Bow at Austin Film Festival
There’s no business like show business, suggests the popular tune by Irving Berlin.
HOSPITALITY: Hotel operator looks to grow management services
Investing in coastal properties has been a no-brainer for Pacifica Hotels ever since 1993, when it got started in Santa Barbara as the hotel investment and management wing of private equity firm Invest West Financial Corp.
Eric Spangenberg must be feeling plenty flattered over the recruiting job done by UCI to land him as dean for its Paul Merage School of Business.
HEALTHCARE: $5M paves way for more advanced trials
A new center for cancer research and clinical trials at the University of California, Irvine, has the potential to give patients who want to use advanced therapies a chance to stay in Orange County for treatments.
MARKETING: 27-year-old Costa Mesa agency goes quiet
A midday knock on Marshall Advertising & Design’s front door last week went unanswered. So were calls to the Costa Mesa-based advertising agency. And its website was also down.
MEDIA: Two had gone daily in circulation push for Register
Santa Ana-based Freedom Communications Holdings Inc. is reverting to a weekly publication schedule for its community newspapers that serve Irvine, Newport Beach and Costa Mesa.
REAL ESTATE: Joins list of OC retail projects in works
DJM Capital Partners Inc. has more than a big hole to fill along Pacific Coast Highway when it comes to its long-awaited Pacific City retail project in Huntington Beach.
TECHNOLOGY: Irvine-based Getac supplies military, cops
Getac Inc.’s line of rugged computers are built to withstand the harshest conditions on the battlefield and some of the most extreme climates on earth. Its U.S. operation, headquartered in Irvine, supplies the Department of Defense and several U.S. law enforcement agencies with specialized laptops and tablets.
Irvine-based Auction.com, an online real estate auction company, reportedly received a $50 million investment from Google Capital, an investment arm of the Internet giant.
Ten of Orange County’s wealthiest were named on Forbes’ latest list of top billionaires in the world.
Banc of California in Irvine acquired RenovationReady in Greenwood Village, Colo. on undisclosed terms. RenovationReady provides home-renovation lending services. Its president and co-founder, Jim Fraser, will join the bank as senior vice president and director of construction and renovation lending.
Nets $5.6M, Most Per Square Foot Since 2010
A home at 31831 Paseo Cielo sold on Feb. 20 for $5.6 million, the highest price per square foot in San Juan Capistrano and the nearby city of Laguna Niguel and community Coto de Caza since 2010.
In 70 Theaters Around the World, Previewed Online
Volcom Inc. released “True To This,” an original feature film that “captures the energy and artistry of board-riding in its purest forms.”
Latest in String of Efforts To Kill 2.3% Revenue Tax
A longtime effort to repeal a federal tax on medical device makers’ revenue is bubbling up again.
Small Embedded Wireless Device Key to Innovations
Irvine-based Lantronix Inc. turned some heads late last month at the Embedded World 2014 show in Nürnberg, Germany, with some cool demos of its networking technology using a humanoid robot, a drone and a Wi-Fi-enabled electric bike.
The fourth quarter in West Orange County continued to demonstrate positive trends the submarket has been consistently witnessing.
Shopoff Buys Out DRA, Brings in Picerne Group
The Uptown Newport mixed-use development on Jamboree Road is preparing for its first major round of construction following a few changes in ownership for the high-visibility Newport Beach project.
John Higman sold an industrial and manufacturing building in Brea for $5.5 million to Air Treatment Corp., an HVAC systems equipment and design contractor.