OCBJ WEEKLY EDITION
REAL ESTATE: 170,000 SF to support 2-hour delivery program
Amazon.com has quietly signed a lease for an industrial building not far from John Wayne Airport that appears poised to be a linchpin in the online retailer’s growing base of same-day delivery services in the area.
MARKETING: MV outfit backed by feds touts 5-year plan
You’ll be hearing about the benefits of “an avocado a day” in the future if Hass Avocado Board’s new five-year strategic plan bears fruit.
New Collaborative Offices Designed for Productivity
Switching to an open-office or collaborative office design can do much more than attract millennial employees. It can save business owners’ money.
Renovations Up for Office, School, Retailer Clients
Orange County’s architecture firms combined for about $451.1 million in local billings in the past year, up about 4%. Firmwide billings dropped 11% based on numbers reported by half of the firms.
OC Market Defies US Slide on Oil Price Decline
Orange County’s top engineering firms had a mixed year with an increase in local billings as companywide revenue dipped.
Johnson & Johnson in New Brunswick, N.J., will buy Abbott Medical Optics in Santa Ana for $4.3 billion in cash in a deal expected to close early next year.
Good Culture LLC in Irvine closed a $3 million Series B round from three investors.
Over 350 people celebrated the winners of the Business Journal’s second annual Innovator of the Year Awards as the event’s keynote speaker extolled the value of serendipity in the process of innovation.
Other items of interest Orange County Business Journal Vol. 39, No. 39
The Disneyland and Disney California Adventure Southern California annual pass has been revived at a price of $459 after a two-year hiatus on new sales.
Homes in Range Fetch 94% Of List in Recent Months
The luxury home market in Orange County is defined by the Institute for Luxury Home Marketing as the top 10% of overall home listings.
Shares Up Sharply; Market Cap About $1B
Irvine-based Aerie Pharmaceuticals Inc. has been ramping up its activity in recent weeks.
Irvine-Based Brand to Show Tech at Concerts
Smartphone maker Alcatel Onetouch in Irvine signed on as the exclusive mobile handset and VR accessories partner of Live Nation Worldwide Inc.’s Ones To Watch, a Los Angeles-based “collective of bloggers, music geeks and concert fanatics” dedicated to discovering and presenting new artists.
Sept. 26-Oct. 5, 2016
This week's business and other events listings.
‘Eat Cleaner’ Scrubs Produce and Extends Life
An Aliso-Viejo startup that created a line of wipes and washes for produce was recently featured on an entrepreneurial TV show.
New Regional Manager Oversees Area Expansion
Sam Attisha, Cox Communications Inc.’s new regional manager for Orange County, has laid out his top priorities in overseeing one of the company’s most important markets.
Sales and leases of offices, industrial buildings, retail space and apartments
A retail building in Orange was sold for $4 million, or about $544 per square foot.
Sandpointe Offices Hold Universal Electronics HQ
Boston-based TA Realty has put up for sale a pair of eight-story offices it owns in the South Coast Metro area of Santa Ana, according to area brokers.
Employment Up 16% to Nearly 21,000 Jobs
The 157 fastest-growing private companies in Orange County combined to boost revenue by more than 66% over the last two years to an estimated $15.4 billion.
L.A. Brands, Boutiques Flock to Revamped Retail Center
Newport Beach resident Athena Kasparoff, shopping bags and a long-time sales consultant in tow, perused the latest offerings from Bailey44, a Los Angeles-based brand usually found at better department stores in upscale retail centers.
HEALTHCARE: More hygienists, network of specialists part of push
Western Dental Services Inc. is one year into a turnaround effort under a new management team that changed how it provides care, started selling new products in dental offices, and has begun to shift its client mix toward those who have commercial insurance, pay in cash or pay via new third-party credit.
REAL ESTATE: Stalled project seen as senior housing, retail
A land development company in Los Angeles County has bought the “Rusty Skeleton,” a long-abandoned construction site in Garden Grove that it plans to turn into a senior housing and retail project.
TECHNOLOGY: Potential deal with Sprint promises more growth
You could say that Mobilitie LLC moved up a weight class among Orange County’s private companies last year.
Uses Artificial Intelligence to Detect Malware; Adds Consumers to Federal, Corporate Clients
Cylance Inc.’s security software was lauded recently by federal officials for playing a key role in discovering and mitigating one of the largest government data breaches in U.S. history.
WJK Development Blends Styles on ‘Semi-Customized’ Residences
Family-owned WJK Development Co. in Irvine didn’t take long to grab the top spot as the Business Journal’s Fastest-Growing Small Company.
The Business Journal’s annual list of fastest-growing private companies includes OC-based businesses owned by individuals, groups of people, families, venture capitalists, private-equity firms and other investors.
Marshall B. Ketchum University in Fullerton wasn’t listed among the recent and much-heralded U.S. News & World Report rankings of post-secondary educational institutions throughout the land.
REAL ESTATE: Hines, Oaktree sell for more than $60M
A San Francisco-based investor backed by funds from the California State Teachers’ Retirement System has bought a two-building office complex in Irvine in a deal believed to have topped $60 million.
HOSPITALITY: Hotel service specialist eyes restaurant sector
BirchStreet Systems Inc. has acquired G4 Technologies Corp. in Centennial, Colo., a deal that came on undisclosed terms and gives the Newport Beach-based specialist in hospitality industry services a way into the restaurant sector.
SPORTS: Team’s training camp was school’s showcase
University of California-Irvine is still buzzing in the aftermath of the Los Angeles Rams holding their first training camp in Southern California in 22 years.
Allergan Plc will buy Vitae Pharmaceuticals Inc. for about $639 million.
University of California-Irvine this week will open the first eSports arena run by a public university.
Charlie Zhang, founder of the Laguna Hills-based Pick Up Stix restaurant chain, has been named Entrepreneur-in-Residence by Concordia University Irvine’s business school.
FINANCE: Veteran to take reins from Schindler next year
Newport Beach-based Pacific Life Insurance Company has reason to expect a smooth transition when Dawn Trautman becomes executive vice president of the life insurance division on Jan. 1.
Aging Baby Boomers Are Core Market
A Newport Beach-based company that has developed “smart” glasses—which incorporate augmented and virtual reality to help the visually impaired—is looking to raise $2 million in a Series A round.
The world tour celebrating the 100th birthday of the late founder of Lamborghini sports cars made its first pit stop in the U.S. at the Marconi Automotive Museum in Tustin in the form of a fundraiser to help feed and house Southern California’s “motel kids.”
Other items of interest Orange County Business Journal Vol. 39, No. 38
The Roman Catholic Diocese of Orange has received the President’s Award from the Orange County Chapter of the American Institute for Architects for its work on Christ Cathedral in Garden Grove.
Consumer Version Of Device Goes for $300
Masimo Corp. in Irvine now sells its MightySat pulse oximeter in about 100 Apple stores and on Apple.com.