OCBJ WEEKLY EDITION

OC runs middle leg in LA Olympic win

L.A. gets the Olympics—2028. This Olympics won’t be OC-centric like 1984, when Laguna Beach’s Peter Ueberroth helmed the effort, $0 in the bank and national malaise—finished with a $250 mill surplus and the Games’ financial viability restored.

Mazda Dealerships Redo Mirrors New HQ Office

Incorporates ‘Subtle Japanese Influences’

Mazda North American Operations, in the midst of a “Retail Evolution,” has chosen a different agency to help it implement a new dealership design concept.

Lennar Latest With Plans for Downtown Anaheim

REAL ESTATE: Just-bought site entitled for 161 for-sale homes

Lennar Corp. has bought a sizeable infill housing development site in downtown Anaheim, in what looks to be the homebuilder’s largest purchase in the city in several years.

Ingram Heads to Boston for New Role

HEALTHCARE: Unlike prior deal, not looking to exit via sale

When Sarepta Therapeutics Inc. announced Douglas Ingram as president and chief executive officer, the general consensus was that the Cambridge, Mass.-based biotech company tapped the former Allergan president to execute a buyout, given Ingram’s past experiences at Allergan PLC and Chase Pharmaceuticals Corp.

Santa Ana Cable Firm Purchased

Cable Exchange, a Santa Ana-based company with 200 employees, was bought by CommScope Holding Co. on undisclosed terms.

DC Firm to Pump $200M Into UST

Carlyle Group in Washington, D.C., one of the largest private equity firms in the U.S., will invest $200 million for a 15% to 20% stake of Aliso Viejo-based UST Global, valuing the company at over $1 billion, according to multiple news reports.

Lake Forest Firm Plans Acupuncture Sites

Golden State Management Corp. in Lake Forest plans 25 to 30 locations of Modern Acupuncture in Orange County over the next three years as part of a commitment of 65 sites that includes San Diego County and the Inland Empire.

Alliant Insurance Expands in Northeast

Newport Beach-based Alliant Insurance Services acquired Boynton & Boynton Insurance Professionals to continue its expansion in the Northeast. Terms of the agreement were undisclosed.

Edwards Takes a Leap With New Tissue Heart Valve

HEALTHCARE: Develops more resilient tissue, ‘first-of-its-kind’

Edwards Lifesciences Corp. received Food and Drug Administration approval for a new aortic heart valve, Inspiris Resilia.

Fastest-Growing Private Companies Wanted for OCBJ List

ECONOMY: Centerpiece of Sept. 18 Special Report

Is your company growing fast?

Industry Posts 33rd Quarter of Modest Expansion

MANUFACTURING: But labor shortage, costs, crimp job creation

For the 33rd straight month, Orange County’s manufacturers expanded output—albeit modestly—as measured by Chapman University’s quarterly survey of purchasing managers.

Luxury Amenities Elevated to Envy-Worthy Heights

Some Boast Perks That Save Trips to Town

Fully equipped gyms, home movie theaters, and kitchens with commercial-grade appliances are almost a given in today’s luxury homes. Even indoor pools and elaborate wine rooms have become somewhat commonplace. And guesthouses are simply a bonus—in fact, there are 45 luxury homes on the market that boast a guesthouse among their selling points.

Launches Run Gamut From Finance to Baby Skincare

One Recent Startup Led By Four 70-Somethings

Multiple Orange County startups have made this a bit of a launching season.

OCBJ Calendar

July 17-27, 2017; Aug. 5-6

This week's business and other event listings.

Diagnostic Provider MDxHealth Launches New Test

Urine-Based Test Aims to Cut Invasive Procedures

MDxHealth SA in Irvine has rolled out its third test, AssureMDx. The noninvasive urine-based test assesses the risk of bladder cancer in patients diagnosed with hematuria—blood in the urine.

Too Faced Cosmetics Marks Anniversary Makeup-Free

20th Birthday Bash Ushers In Big Global Brand Plans

Too Faced Cosmetics LLC plans to mark its 20th anniversary with a fresh face. It partnered with the New York-based Wilhelmina International Inc. agency on a search for the brand’s next spokesperson, who will be “the face” of its 20th Birthday Campaign.

Conexant Taps Into China Market With Voice Deal

To Release Kits, Designs For AI Devices Like Siri

Irvine-based Conexant Systems LLC has connected with China’s largest internet search provider in another strategic deal involving voice recognition and command.

Real Estate Deals

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

Peterson Family Trust sold a manufacturing building in Huntington Beach to Transistor Lane LLC for $3 million, or $155 per square foot.

CSUF Student Housing Site Eyed for Renovations

Dana Point Investor Nabs OC Apartments

Fullerton University Village, a 100-unit student housing community within walking distance of California State University-Fullerton, has been sold to a Dana Point investor that’s planning a renovation of the 45-year-old property.

Q1 2017’s Outstanding SoCal Performer: Orange County

Orange County is the fourth largest office market on the West Coast and one of the top 30 largest office markets in the United States, totaling 101.5 million square feet.

Business Bites

Other items of interest Orange County Business Journal Vol. 40, No. 29

Argosy University in Orange said it will launch a master of law in compliance online degree program with a health law concentration in September.

Optimism Still Reigns in Survey of OC Execs

ECONOMY: Gov’t regulation cited as their biggest concern

For the first time since the onset of the recession, business owners and executives here share a bigger worry than the overall economy, according to the latest California State University-Fullerton’s Orange County Business Expectations Survey.

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Sanpower Group Completes $820M Dendreon Buy

Company Now in OC, Targets U.S., China Growth

Dendreon Pharmaceuticals LLC received the Food and Drug Administration’s thumbs-up for its prostate-cancer therapy Provenge in 2010, and analysts projected $4.3 billion in annual sales by 2020, yet it was a blockbuster that failed to premiere.

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Tustin Creative Offices Take Flight

8 Buildings, Food Hall in 1st Construction Phase

Construction has started on Orange County’s first substantial ground-up creative-office project in Tustin.

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Dale Dykema Recalled With Great Reverence

OBITUARY: His good works benefitted a good many

Dale Dykema died on July 4.

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Ambry Snatched Up For $800M+ By Konica

Japanese Printer Maker Ups Game in Diagnostics With Buy

Ambry Genetics Corp., a closely held genetic diagnostics company in Aliso Viejo, just sold for $800 million—maybe more. The Japanese photocopier and printer maker Konica Minolta signed a definitive agreement to buy the Aliso Viejo-based company comprised of $800 million upon closure and an additional payment of up to $200 million over the next two years if certain financial goals are met.

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Behr Expands Santa Ana Ops in Year’s Biggest Office Lease

REAL ESTATE: 230,000-SF lease at old Powerwave HQ

Behr Process Corp., a Santa Ana-based manufacturer and supplier of architectural paint and exterior wood care products that’s one of the largest employers in its hometown, is planning a big expansion of local operations.

Jannard Product Opens Firm to Consumers

TECHNOLOGY: Device brings 3-D, VR sans awkward aids

Jim Jannard, founder of Irvine-based Red Digital Cinema Camera Co., has figured out a way to allow viewing of 3-D and virtual reality content without the need for a pesky headset or glasses.

Advantage Picks Up Netherlands Firm

Advantage Smollan Ltd. in London, a holding company Irvine-based Advantage Solutions Inc. set up in 2015 with Smollan Group in Johannesburg, plans to acquire Netherlands-based Hamilton Bright Group B.V. on undisclosed terms.

AutoGravity Adds Investor VW Credit

AutoGravity Corp. in Irvine received an undisclosed investment from VW Credit Inc., and its software will power the Volkswagen Credit smartphone app to provide financing for Volkswagen and Audi buyers in the U.S. Volkswagen financing is also offered on AutoGravity’s platform.

Apparel Firm Names Americas President

Huntington Beach-based Boardriders Inc., which owns the Quiksilver, Roxy and DC Shoes brands, named Nate Smith president of its Americas region. He replaces Global President Greg Healy, who will transfer to Australia to lead the Asia Pacific market.

Acacia Invests In Restaurant Robotics

Acacia Research Corp. led a $3.1 million investment in Miso Robotics Inc. and signed an intellectual property agreement with the company to commercialize its main product for the restaurant industry.

Irvine Co.’s Placentia Rental Sale Tops in OC for Year

REAL ESTATE: 3rd local sale, $104M Fairfield buy

Irvine Co. has sold its only known commercial holding in Placentia and one of the largest apartment complexes in the city in what’s apparently Orange County’s biggest rental property sale of the year to date.

Meet Orbee’s David Kim, Car Dealers’ Digital Ally

AUTOS: Bot detection tech, digital marketing optimized

In the market for a new vehicle? Talk to Daniel Kim.

Data Management Firm Kaygen Expands Footprint

HEALTHCARE: Added Texas, plans to expand Irvine office

Data management provider Kaygen Inc. has expanded its footprint, adding an office in Plano, Texas. The space, a suite in Spring Creek Parkway Executive Center, has 10 employees.

Cylance Taps New Market

TECHNOLOGY: Looks to protect the home and all in it

Security software maker Cylance Inc. is entering the consumer market.