Orange County Business Journal

OCBJ WEEKLY EDITION

Generation or More Proves Eateries’ Recipes Timeless

Survivors Mix Consistency, Warmth to Stay at the Table

I did not realize until I started researching for this mini-tome that we had so many restaurants that have endured for at least 25 years in Orange County. I’d been to some of these in the reasonable past, but not all, so I was a busy gal catching up on the status of the others.

Pyott’s Coach; OC in DTLA; Higby’s Early Path to Power

David Pyott hasn’t been the boss of Allergan for more than a year, but events conspire to keep him in the public eye.

Off-the-Grid Project to Help Power Park Place

REAL ESTATE: Capacity for equivalent of 1,300 homes

The latest upgrade to the Park Place mixed-use campus in Irvine is taking place behind the scenes, and in clean-energy jargon, behind the meter.

Top Restaurant Chains Post 8% Gain, $16.4B in Sales

Big 5 Strengthen Positions; 8 Newcomers on List

Orange County-based restaurant chains continued to grow in the past year, reaching $16.4 billion in revenue, a hike of about 8% from a year ago.

Monster’s New Drinks Take Aim at PepsiCo

Monster Beverage Corp. in Corona will debut two drinks this year in new categories that line up against a main competitor.

DNC Hires Irvine Firm to Help Stop Intelligence Hack

TECHNOLOGY: CrowdStrike in demand to thwart cyberattacks

CrowdStrike Inc. has been hired by the Democratic National Committee to halt a breach carried out by intelligence hackers from Russia, according to the Irvine-based security software maker.

Family-Owned Businesses Celebrated

Five Orange County companies were honored at the Business Journal’s 17th Family Owned Business Awards luncheon at Hotel Irvine last Tuesday.

Action-Sports Retailer to Trim Jobs

Australia-based SurfStitch Group Ltd. said it plans to eliminate 40 positions at Irvine-based subsidiary SurfStitch USA Inc.

St. Joseph Combo Gets Preliminary OK

California Attorney General Kamala Harris conditionally consented to Irvine-based St. Joseph Health’s proposed affiliation with Providence Health and Services.

Pieology Buys Pizza Chain Competitor

Rancho Santa Margarita-based Pieology Pizzeria bought competitor Carlsbad-based Project Pie. Both are fast-casual, build-your-own pizza chains.

Telogis and Verizon Map a Future: Where to Next?

TECHNOLOGY: Logistics software maker buy may top $1B

Telogis Inc. last week ranked 110th out of 118 firms on the Business Journal’s list of largest OC-based private companies, with about $111 million in revenue last year.

ADDENDUM

Other items of interest Orange County Business Journal Vol. 39, No. 26

Karma Automotive LLC, the Costa Mesa-based manufacturer of luxury electric hybrid plug-in vehicles, hired Dennis Dougherty as president and chief operations officer, a new position.

Dream Backyards Shift With Summer Trends’ Breezes

Popular Features Include Water Walls, Sunken Patios

Orange County’s flawless summer days invite relaxation, and some of its luxury backyards boast features on par with five-star resorts, begging the question: “Why would anyone need to leave home to go on vacation?”

Innovator on New Path With Nitroglycerine Drugmaker

Pham Intends to Maximize Value of Tried Treatments

Pharmaceutical entrepreneur Quang X. Pham, who made his name at Orange County-based startups in the 2000s, is back on the scene with a new company, Espero Pharmaceuticals Inc.

DC Shoes Back to Catching Waves With Surf Team

Reinstates Sponsorship To Go With Skate Event

DC Shoes reinstated its surf team after a three-year hiatus. The footwear and apparel brand, owned by Quiksilver Inc. in Huntington Beach, will sponsor four athletes: Bruce Irons and Ezekiel Lau from Hawaii, Kanoa Igarashi from Huntington Beach, and Leo Fioravanti from Rome.

OCBJ Calendar

June 27-July 6, 2016; July 10, 2016

This week's business and other event listings.

Central, North OC Office Market Space Tightens in Q1

The Central and North Orange County office submarkets have traditionally followed trends in the Greater Airport Area and South Orange County office submarkets in terms of vacancy, average asking lease rates, and absorption of space, and this year is proving to be no different.

Reduced OC Contingent at E3 Reflects Industry Shift

Games on Go, Other Event Limit Local Attendance

Orange County video game makers were uncharacteristically absent from the recently concluded annual Electronic Entertainment Expo at the Los Angeles Convention Center.

Real Estate Deals

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

Transportation planning and engineering services firm DKS Associates Inc. signed a 39 month lease at 2401 E. Katella Ave. in Anaheim.

Western Growers Moves HQ in Irvine Following Sale

Zion’s $8.2M Buy Comes With Plans for Nonprofits

Western Growers Association, a trade association that represents farmers in California, Arizona and Colorado, has sold its Irvine headquarters near John Wayne Airport and relocated to another spot in the city.

Statpedia Launches Online Chart-Building Enterprise

Connects Users With Stats Through Google Images

A startup that offers a new way to build charts online has officially launched.

Italian With Drive to Cook Realizes Food Lover’s Dream

Family Ties, European Training Fuse at The Ranch

It’s part of my job to watch what a lot of chefs are doing. Some, of course, are more impressive than others. Watching a fine chef open a restaurant and keep on doing his job so well that the public, year after year, continues to embrace the concept and the food makes for a great candidate for Chef of the Year.

Doti Just Missed This List

Local Bid for Register Parent Came Late; ‘Would Have Been Spectacular’

They weren’t a dollar short, but they were a day late.

Private Cos. Set Pace on Job Gains

Increase for Largest Here Surpasses State, Nation; Revenue Up 9.1%

Call it a Triple Crown: The largest Orange County-based private companies combined to post impressive increases in revenue, as well as local and company employment, Business Journal research shows.

Arbonne’s New Ambition

Leaner Firm Goes Global for Growth

Arbonne International LLC is living up to its name.

Brea Aerospace Supplier Matches Up With Giants

AEROSPACE: Kapco buy in Netherlands brings global scale

Kapco Global’s acquisition of Avio-Diepen in the Netherlands has positioned the Brea-based company to better compete against the distribution units of aerospace giants Boeing Co. and Airbus Group SE.

China Gives Box Office Boost to Movie Based On Blizzard Game

MEDIA: Domestic opener tame by comparison to $150M take over there

The movie based on Blizzard Entertainment Inc.’s franchise fantasy game could be on its way to becoming Hollywood’s biggest hit in China.

The Portal Nabs Cisco as Client, Calls Self 1-Stop Shop

Nonprofit Aims to Keep ‘Talent’ in Orange County

A nonprofit in Irvine that links students to companies that need web developers recently nabbed a big client. The Portal now boasts the Irvine branch of San Jose-based Cisco Systems Inc. as a customer.

Stem Cell Therapies Firm Founder Terms It Distinct

Uses Cell Secretions, Bypassing Hurdles

Irvine-based AiVita Biomedical Inc., the latest creation of local stem cell entrepreneur Hans Keirstead, is working to set itself apart from other companies in the field that have struggled.

Toll Roads System Picks New Agency to Draw Users

Replaces Everything LA With DB&M Media

DB&M Media Inc. in Costa Mesa will replace EverythingLA on a marketing contract with the San Joaquin Hills and Foothill/Eastern Transportation Corridor Agencies after the Irvine-based incumbent’s three-year deal expires June 30.

OCBJ Calendar

June 20-29, 2016

This week's business and other event listings.

South OC Industrial Market Posts Strong Q1

The combined South Orange County industrial market recorded 49,674 square feet of positive net absorption in the first quarter.

Some Local Firms Take Advantage of Important Stage

Private Red Herring Event Opp for High-Potentials

A handful of OC tech companies presented their stories to interested investors and executives across the country at a recent invite-only conference in Newport Beach.

Real Estate Deals

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

The Pasadena Royale Apartments in Tustin was sold as an off-market transaction for $3.2 million, or about $287,091 per unit.

175-Room Hotel Plan Adds to Anaheim Backlog

Site Next to Pumbaa Lot Among 10 Now in Works

You can add another name to the increasingly crowded list of proposed hotel developments in the area around Disneyland Resort in Anaheim.

How Much for Sears at SCP? Kudos Galore

Have to wonder how much longer Sears will remain at South Coast Plaza, where its 300,000-square-foot store is now among the properties the once-colossal retailer has put up for sale or lease …

KBS Doubles Down on 1,375-Acre Project in Vegas

REAL ESTATE: Buys out co-investor’s 46% stake

A 2011 investment in the Las Vegas land development market by an affiliate of KBS Realty Advisors appears to be paying off for the Newport Beach-based company, although a recent add-on deal indicates that land prices in the gambling mecca remain well below peak levels.