Orange County Business Journal

OCBJ WEEKLY EDITION

It’s Official: Broadcom HQ At Great Park

Irvine-based chipmaker Broadcom Corp. made its long-rumored move to Great Park Neighborhoods official, agreeing to buy land to build a 1.1-million-square-foot corporate headquarters. A price wasn’t disclosed.

Cosmetics Firm Could Go Up for Sale

Too Faced Cosmetics LLC in Irvine “is exploring a sale that could value it at several hundred millions of dollars,” according to Reuters.

Aliso Viejo Device Maker Raises $15M

Aliso Viejo-based device maker OrthAlign Inc. completed a $15 million round of funding. The company makes devices used in orthopedic procedures.

Quiksilver Sells Online Retailer to Rival

Quiksilver Inc. sold online retailer Surfdome.com in the United Kingdom to Australia-based rival SurfStitch for $16 million.

ADDENDUM

Other items of interest Orange County Business Journal Vol. 37, No. 46

Knott’s Berry Farm in Buena Park will introduce a 4-D interactive ride next year in its Boardwalk section. Voyage to the Iron Reef riders will play the role of trying to rescue the park from mechanical sea creatures attempting to destroy it.

Some Real Estate Experts Say 2014 Brings Normalcy

Post-Downturn Burst Has Cooled to Stable Market

Consumers, after watching the crash of the housing market in 2008, are wary of another “bubble.”

Senator Visits CHOC to Publicize Patient-Safety Effort

Preventable Patient Deaths ‘Makes You Choke Up’

A major supporter of the patient safety movement led by Irvine-based Masimo Corp.’s Chief Executive Joe Kiani stopped by Orange County this month.

Students Try to Live Más Football With Taco Bell

Tickets to College Playoff Games Part Of Giveaway

Taco Bell Corp. has teamed up with ESPN Inc. to give college students a chance to cheer on their teams at this season’s College Football Playoff games from the Live Más Student Section.

OCBJ Calendar

Nov. 17-26, 2014

This week's business and other event listings.

Robust Activity Continues in Mid-Counties Market

The third quarter in the Mid-Counties industrial market continued where it left off at the end of the second quarter, whose strong demand pushed levels of supply to their lowest in six years.

Greenwave Systems Does Design Work For Verizon

Adds to List of Customers That Includes DirecTV

Irvine-based smart technology provider Greenwave Systems has developed a router for Verizon Communications Inc.

Real Estate Deals

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

The Higgins Trust sold an office and residential building in Orange to a local investor for $2.3 million.

AT&T Again: Telecom’s Anaheim Campus For Sale

18-Acre Canyon Property Could Be Redeveloped

Another big property of AT&T Inc. in Anaheim is up for sale.

Stifel Steps Up in Newport Center

REAL ESTATE: Takes full floor at Irvine Company’s newest office

Bill Gross might have the highest profile among the first batch of tenants at Irvine Company’s newest office building in Newport Center, but Stifel, Nicolaus & Co. can claim the highest perch at the 21-story building.

Greenlaw Near Deal on BofA’s Brea Campus

An investment group that includes Irvine-based real estate investor and developer Greenlaw Partners is nearing a deal to buy the massive Bank of America office campus in Brea.

Will This Shoe Fit?

China-Based 361° Aims for U.S. Share From Irvine HQ

361° International Ltd.’s recent arrival to the U.S. market is another step toward the China-based footwear and apparel company’s ultimate goal: becoming a top five global sports brand in a short period of time.

Therapy Vets Can Embrace

Laguna Hills Nonprofit Taps Business on Mission to Heal

U.S. Marine Sgt. Chris Merkle was one of 20 infantrymen crowded into the back of an unarmored 7-ton truck as it sped along an unmarked dirt road one moonless night headed toward Baghdad.

Working Wardrobes’ Transition Plan

James Toth was living with his parents and working odd jobs for cash that offered little security and no future.

Plenty in Play Around South Coast Metro; Don’t Forget the Vet

A trot around the South Coast Metro district that covers corners of Costa Mesa and Santa Ana reveals several sizeable chunks of property in a state of flux.

Investors Adapt to Changes in Post-Recession Market

‘Opportunistic’ Real Estate Scarce, Competition Stiff

Opportunity is still knocking for many of Orange County’s most active commercial real estate investors of the past five years, but it has required a decided shift in strategy.

Office Market’s Occupancy Levels Improve

The office market continues to experience positive momentum, pushing toward a full recovery. Occupancy levels are steadily improving due to constant demand, moving the market to near prerecession conditions.

Industrial Market Records Busy Q3

Orange County’s industrial market continued to record healthy levels of activity in the third quarter, ending with 2.8 million square feet of gross activity and resulting in 208,021 square feet of positive net absorption.

Toshiba Digital Displays in Staples Center Lineup

MARKETING: Electronics outfit in Irvine lands sponsorship

Diversified electronics maker Toshiba America Business Solutions Inc. is supplying digital displays for LA Interactive, a new section of the Staples Center that opened over the weekend.

Allergan Shares Climb on Reports of Actavis’ Interest

HEALTHCARE: Drugmaker still mum on ID of latest suitor

Investors seem to be warming to the possibility of a combination of Irvine-based Allergan Inc. and “white knight” Actavis PLC.

LED Manufacturer Sets Up in Anaheim

MANUFACTURING: Shifts West Coast center from IE

MaxLite Inc., a lighting products manufacturer in New Jersey, has relocated the base for its West Coast operations to Orange County, where it has expanded its facility space as part of a bid for growth.

Mixed Backdrop as Chipmakers Cut Local Jobs by 2.5%

Biggest Here Combine for 4,735 Positions

The largest chipmakers in Orange County cut jobs in the past year as a major restructuring, Chapter 11 bankruptcy, and two sales stunted growth.

$4.7B San Onofre Plan Could Help Edison Dividend

ENERGY: Expectations ahead of decision on nuclear plant

Some seemingly disappointing news for Edison International shareholders now had investors cheering in recent weeks.

Irvine Firm Gets More Japan Nuclear Work

Irvine-based Kurion Inc. was awarded a $10 million grant from Japan’s Ministry of Economy, Trade and Industry to further test its technology to remove tritium at the Fukushima Daiichi Nuclear Power Plant.

Transit Center Lands New Shops, Eateries

The Anaheim Regional Transportation Intermodal Center signed several new retail and restaurant tenants, including grab-and-go grocery store Mission Market; the Hive Bar; brewery and burger restaurant R.A.D. Nano Brewery; vegetarian restaurant Silo; the third Orange County location of steam kettle cookery Ritter’s; and The Oyster Bar.

Cal State Fullerton Sets Gifts Record

Cal State University-Fullerton said it received more money in gifts this past fiscal year than in any year in its history, excluding a past one-time gift.

Tsaos Set for Electronics Hall of Fame

Orange County entrepreneurs Victor and Janie Tsao will be inducted into the Consumer Electronics Hall of Fame at a special event in Manhattan this week.

PHILANTHROPY

Global Genes-Allies in Rare Disease raised more than $500,000 at its third annual Tribute to Champions of Hope gala on Sept. 13. The event was held at the Hyatt Regency Huntington Beach.

ADDENDUM

Other items of interest Orange County Business Journal Vol. 37, No. 45

The Wet Seal Inc. in Foothill Ranch said in its Securities and Exchange Commission filings that its cash balance for the fiscal quarter ended Nov. 1 was approximately $19.1 million.

OCBJ Calendar

Nov. 10-19, 2014

This week's business and other event listings.

Medtronic Details Exec Structure Post Covidien Buy

Changes Precede Nearly Doubling Workforce

Medtronic Inc., which has about 700 employees in Orange County, recently detailed a management team and restructured its business segments in the run-up to its proposed $42.9 billion buy of fellow device maker Covidien PLC, which has 670 local workers.

Amazing Picture Quality—Nothing Else Matters

Vizio Ads Imply Couch Taters Stop All For Its TVs

Nothing is more captivating than ultra-HD resolution, according to Vizio Inc.’s latest ads.

Telogis Software Aims to Help Cops Do Better Job

Latest Deal With Ford Eyes Driving Performance

Aliso Viejo-based Telogis Inc. is partnering with Ford Motor Co. to develop software that aims to improve law enforcement driving practices and public safety.