Orange County Business Journal


Sabra Outlines Planned Auction of Fort Worth Tenant

Aims to Use Proceeds To Pay on Revolving Credit

Irvine-based Sabra Health Care REIT Inc. continues its march toward the denouement of its long-running challenge with a major tenant.

‘The Voice’ Contestant Pays Her Dues Selling Boots

Chain Takes Advantage Of On-Air Banter

Boot Barn Inc. in Irvine recently hired country music star Kelsea Ballerini as the face of women’s apparel brand Shyanne, but the real buzz is coming from its employee who is competing on NBC’s “The Voice.”

Virtual Reality Gets a Slow Start Despite Buildup

’16 Forecast Lowered Due To Glitches, Other Factors

The bumpy rollout of virtual reality headsets has led to some lower sales projections this year as the emerging technology has failed to match the hype in the early going.

Real Estate Deals

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

Newport Beach-based developer and operator of hospitality-related assets T2 Development renewed its lease at 2151 S. Dupont Drive in Anaheim on undisclosed terms.

Retail Has 3rd Quarter of Occupancy Gains in a Row

The Orange County retail market had a strong start to the year with improvements recorded in nearly every sector.

Harrah Eyes Office Conversion, Hotel in Santa Ana

Plans Come Amid $34M Buy Near Register

"Big Mike” Harrah doesn’t do small when it comes to development plans in Santa Ana.

Environmental Car Wash Cleans Up Pitch Competition

No-Water Service Now Looks for Headquarters

A Gardena-based startup providing an on-demand car wash service swept the competition at the Get Started OC business pitch competition on April 20, hosted by Irvine-based Cox Business and New York City-based Inc. magazine.

Déjà Vu All Over Again for Register? Levine Meets Flanagan

You might want to think again if you think the situation over at the Register is settled under new owner Digital First Media. DFM is ultimately owned by N.Y.-based hedge fund Alden Global Capital, which gives no signs of a long-term interest in the publishing business.

CapRock Adds Anaheim Office Park to Portfolio

REAL ESTATE: $30M buy as firm wraps up Tustin project

An Irvine-based commercial real estate firm with a growing investment and development pipeline in Southern California has made its largest-ever acquisition in Orange County, picking up an office park in Anaheim.

Long Arm of the Law Extends its Reach Robotically

TECHNOLOGY: Firm showed phone-breaking tool to top cops

A low-profile company that’s involved in some of the nation’s top forensic investigations is testing a robotic arm to unlock the most common mobile phones used in crimes.

Edison Pins Growth Plans on Irvine Group

ENERGY: Nonregulated lines focus on resource management

Edison International’s bid for new markets and revenue will be conducted from Irvine.

Ingredient Could Put Firm in Antiaging Sweet Spot

MANUFACTURING: Sales up as ChromaDex makes deals

Irvine-based ChromaDex Corp. is like a surfer on the cusp of a huge wave. Its surfboard is its lead ingredient, Niagen, and the wave is what’s known as the “geroscience” market, which targets the relationship between aging and age-related disease.

Employment Agencies Grow Top Line on Flat Volume

Tight Worker Supply Brings Creative Challenge

Orange County employment agencies had solid revenue gains last year while placing essentially the same number of workers—a sign, they say, of an uptick in demand to find new workers for clients in their bread-and-butter businesses.

Battery Recharge Conundrum Cracked?

University of California-Irvine researchers have invented a unique kind of battery material that they contend can be recharged hundreds of thousands of times.

Terminal Maker Merged With China Co.

Santa Ana-based point-of-sale terminal maker ExaDigm Inc. merged on undisclosed terms with Shenzhen Xinguodu Technology Co., a China-based maker of POS systems and electronic payment products.

Investment App Startup Raises $30M

Irvine-based Acorns Grow Inc. raised $30 million in Series D funding that includes investments from Palo Alto-based PayPal and Rakuten Fintech Fund, the investment arm of an e-commerce company in Tokyo.

Toilet Parts Maker Buys in Netherlands

San Juan Capistrano-based toilet component maker Fluidmaster Inc. acquired on undisclosed terms WISA BV, a restroom components designer and maker in the Netherlands.

Private Companies Wanted for Annual List

SPECIAL ISSUE: list will be centerpiece of June 20 edition

The Business Journal is preparing its annual list of privately owned companies for publication in June.


United Cerebral Palsy of Orange County’s annual black tie gala, Life Without Limits, was held April 2 at the Balboa Bay Resort in Newport Beach.


Other items of interest Orange County Business Journal Vol. 39, No.17

Marshall B. Ketchum University Provost Morris Berman will receive the 2016 Lifetime Achievement Award from the Association of Schools and Colleges of Optometry at the association’s annual leadership luncheon in Boston in June.

UC-Irvine Health, Corona Hospital Strengthen Ties

Pact Now Includes High- Risk Pregnancy Consults

UC Irvine Health recently stepped up its partnership with Corona Regional Medical Center, a midsized hospital just across the Riverside County line, by opening a high-risk pregnancy clinic.

Western Digital Breaks Funny Again With Drive Ads

Mini Mystery Plots ‘Purple Surveillance’ Heroism

Ads for Irvine-based Western Digital Corp.’s Purple Surveillance Drive appeal to IT professionals’ inner geek—the product “saves the day” while starring in a comic strip.

OCBJ Calendar

April 25-May 4, 2016

This week's business and other event listings.

Supplement Maker Expected to Buy Santa Ana Space

Part of Rexford-CTR Deal Could Sell for $18.7M

One of five Orange County industrial buildings acquired by Rexford Industrial Realty Trust Inc. as part of a $191 million portfolio deal might not stay under the ownership of the Los Angeles-based investor for too long.

Eureka Building Event Fetes Venture Capital Luminary

‘OCVC’ Has Supported Startups Across County

Entrepreneurs, investors and other players in Orange County’s startup ecosystem converged on the Eureka Building in Irvine on April 14 for its annual EurekaFest. The event included a fast-pitch competition, speaker panels, music and booths.

Internet of Things Drives Greenwave Systems Growth

Smart-Tech Provider To Hire 60 People This Year

The increasing adoption of connected-home devices and a $45 million venture funding round in January have prompted a hiring push at Irvine-based Greenwave Systems Inc.

Real Estate Deals

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

CapRock Partners sold an industrial unit in Anaheim to Tuff Toe Inc., maker of a toe protectant for shoes, for about $1.4 million, or $185.04 per square foot.

Greater LA Market Tightened in Q1

The incremental improvement in the Greater Los Angeles market at the start of the year accurately reflects the macroeconomic backdrop of slow but steady growth amid global weakness.

Big Media for Big Mike in Register Deal

Harrah Got Presses, Trucks Along With Land; Aims to Foster Media Hub, Add Condo Towers, Hotel

Mike Harrah’s investment in the former assets of the Orange County Register appears to have given the longtime Santa Ana real estate owner, developer and philanthropist a new calling card: local media mogul.

Toshiba’s 26-Acre Campus on Market

REAL ESTATE: Plans to sell land in Spectrum, lease elsewhere in OC

Toshiba Corp. is putting its massive Irvine office facility on the market and looking for space to lease elsewhere in Orange County.

Kingston Buys Into Encryption IP

TECHNOLOGY: Minnesota-based brand’s USBs made in Santa Ana

Kingston Technology Inc., the world’s top seller of consumer USB drives, has moved to strengthen its position in the commercial market with its first technology buy.

Tablets Maker Taps Growing Senior Market

TECHNOLOGY: $11M stock sale to Taiwanese firm promises Asia links

Orange-based startup grandPad Inc. has sold an equity stake to one of the largest PC makers in the world and signed a distribution deal with a nationwide provider of in-home senior healthcare potentially worth millions of dollars.

Masters of the Yogaverse

Executives Leverage Popular Practice to Help Them Manage Business, Personal Lives

Joe Duran, six months after discovering yoga, saw that the mindfulness and self-awareness he’d gained as a student of the practice had another benefit. That’s when it helped him maintain control during a confrontation with a colleague that could’ve gotten negative.

Q & A

The Business Journal often asks Orange County’s chief financial officers to comment on changes occurring in the industry. This time, we wanted to get their thoughts in light of this year’s stock market performance, potential interest rate increases by the Federal Reserve, and the turbulence in overseas economies. Reporter Michael de los Reyes asked a sampling of Orange County-based CFOs in the technology, venture capital, restaurant, nonprofit, and medical device sectors about the opportunities and challenges they face due to today’s macro-economic trends. Edited excerpts of their responses follow.

Temp CFOs ‘Parachute’ In, Give Big-Picture Perspective

Temp CFOs ‘Parachute’ In, Give Big-Picture Perspective

Interim, or temporary, chief financial officers, known as fractional CFOs in the industry, have become an important and increasing part of business growth in Orange County, according to private equity companies and agencies that place the executives.

Big Media for Big Mike in Register Deal

Harrah Got Presses, Trucks Along With Land; Aims to Foster Media Hub, Add Condo Towers, Hotel

Mike Harrah’s investment in the former assets of the Orange County Register appears to have given the longtime Santa Ana real estate owner, developer and philanthropist a new calling card: local media mogul.

Gavin's Growth Formula

Allergan Founder Lured Talent, Listened for Opportunities to Build Local Behemoth

Who in the world is Irv Leopold?