Orange County Business Journal

WEEKLY EDITION

OCBJ Calendar

March 10, 2014

This week's business and other event listings.

Volume Here Bucks Nat’l Trend for 3% Jump on 310 Deals

Number of Deals Down 11% in U.S.; Total Value Up

The pace of merger-and-acquisition activity by Orange County businesses rose by about 3% in 2013, capping the year at 310 deals.

Lawyers Benefit From Deals Uptick, Relationships

Transactions in the Billions Result From Clients’ Trust

Orange County’s merger-and-acquisition lawyers stayed busy last year with a steady flow of deals that included well-watched transactions and a good number of local businesses buying and selling.

Ahoy in Anaheim

Anaheim-based boat maker Willard Marine Inc. is “recreating itself.”

Oakley’s Next Brand Plan

Seeks Ad Shop For Estimated $100M Campaign to Highlight Company Culture

Oakley Inc. is looking for an advertising agency to handle the creative work on a global marketing campaign that will give an inside view of the $1.5 billion eyewear and apparel brand.

Goodwill Gets Into Boutiques

RETAIL: $48 million retailer spiffs up on new approach

Donated books and records repurposed into a whimsical chair display and a funky dress on a store mannequin are proof of what good merchandising can do for Goodwill of Orange County—or any retailer, for that matter.

Equity Office Eyes Addition to Portfolio in South Coast Metro

REAL ESTATE: Deal for Santa Ana towers pegged at nearly $130M

The office division of private equity giant Blackstone Group is poised to become one of the two largest landlords in the South Coast Metro business district, based on an impending deal for the Griffin Towers office complex in Santa Ana.

Verizon Job Cuts Prompt Give-Back on Lease

REAL ESTATE: Irvine Company to redo 2 of 5 Spectrum buildings

A portion of the regional headquarters of Verizon Wireless in the Irvine Spectrum will be converted into a multitenant office park, a result of the telecom’s recent decision to trim its local head count by more than 40%.

Burress by the Hour; Doti’s Roadmap; Bealls’ Starry Night

Jay Burress had a lot of good news to go over on his first full year as president and CEO of the Anaheim/Orange County Visitor & Convention Bureau.

Beall Foundation Gives UCI Boost on Tech Transfer

EDUCATION: $5M for center to speed up commercialization

University of California, Irvine, is creating a new campuswide center that aims to speed up commercialization of its research and support technology development.

Sign of Confidence in South OC: Maserati Dealership

AUTOS: Home development fuels addition; Alfa next?

Buongiorno, South Orange County!

New Emulex Chair; McCluney to Octane

TECHNOLOGY: Dissidents add three to gear maker’s board

Networking gear maker Emulex Corp. has a new Orange County-based chairman and three directors from outside the area.

‘Cosmeceutical’ Pioneer Sees Fast Growth on ZO Line

HEALTHCARE: Irvine skincare line at $20M, 55 workers

Irvine-based ZO Skin Health Inc. wants to redirect women from the cosmetic counter to their doctor’s office.

Companies Forge Scrap Recycling Program

Kaiser Aluminum Corp. in Foothill Ranch and Chicago-based Boeing Co. recently started the largest scrap aluminum recycling program of its kind to date, according to the companies.

Yamaha Motor Taps Local Ad Agencies

Cypress-based Yamaha Motor Corp. USA chose two local ad shops to handle its advertising, ending a three-month review for the national account.

M-Flex to Consolidate in China, Close UK R&D

Irvine-based printed circuit board maker Multi-Fineline Electronix Inc. will consolidate its factories in China and close a research and development center in the U.K. as part of a restructuring plan intended to return the company to profitability.

Fundraising and All That Jazz

Garth Hogan, Newmark Grubb Knight Frank’s executive managing director of Global Healthcare Services;

ADDENDUM

Chase Bank is laying off 168 employees from its mortgage operations in Irvine by early March.

Vans Taps Deeper Into Creative Roots for SXSW

In Music Festival Again, Releases Documentary

Cypress-based Vans Inc. is returning to this year’s SXSW Music Festival in Austin, Texas.

Allergan Ups Retinal Disease R&D With Collaboration

Will Work With Voyant on Possible New Drugs

Irvine-based Allergan Inc. is adding to its programs for potentially treating age-related macular degeneration.

Affliction Exec Buys Observatory Theater in Santa Ana

$10M Deal Includes 47,319-SF Office

A cofounder of apparel company Affliction Inc. has bought the Santa Ana building that holds the Observatory OC concert venue where he’s an investor, as well as an adjacent office.

Passion for Food, Sharing It Make Dubray Stand Out

Pelican Hill Executive Chef Leads With Strength, Smiles

Our Chef of the Year, Jean-Pierre Dubray, has been engaging the public in appreciation of gorgeously showcased and inherently delicious food for more than three decades.

Pelican Hill Offers Food, More for Locals, Guests

Trio of Restaurants Get Fifi’s Seal of Approval

There’s so much happening at The Resort at Pelican Hill all during the year. I’ll try to capsulize it but nevertheless want to bring you the best of the resort.

Primo Restaurants for Fresh, Creative Spring Fare

From French Countryside to Sushi With a Flair

Springtime brings thoughts of colorful flowers emerging, a climate conducive to beaches and boating, and getting out as the winter fades, even though we’ve had such a mild winter.

OCBJ Calendar

March 3-12

This week's business and other event listings.

Real Estate Deals

Pro-Mo Properties LLC sold a manufacturing building to On Target Electric Inc. in Irvine for $2.8 million.

Pair of Tech Companies Improve Cash Positions

Quantum, Netlist Avoid Delistings, Build Up

Two Orange County technology companies that faced delistings on the Nasdaq exchange last year have recently raised money in public offerings to shore up their cash positions.

Low-Rise Office Demand Sees Modest Rise of Its Own

Activity in the low-rise office sector picked up in the fourth quarter, as the overall market recorded 47,341 square feet of positive net absorption. That was an improvement over the third quarter’s negative absorption of 32,498 square feet.

Gross Miscalculation?

Recent Returns Counter Critics’ Rush to Strip Bond King of Crown

Recent Returns Counter Critics’ Rush to Strip Bond King of Crown

New Hands on OC Brands

New Yorker Approaches Pair of Labels Pragmatically

J Fin Group believes in the little guy: smallish brands with solid designs and loyal followings that just need some help on the backend.

WD’s Final Hurdle on HGST Buy: China Regulators

TECHNOLOGY: 2-year wait nearly up, request on integration expected

Western Digital Corp. is expected to ask China’s government for approval to integrate the Hitachi Global Storage Technologies Inc. unit it acquired in a 2012 deal that had to pass muster with regulators in major markets around the world.

Homebuilders Post 90% Jump, Most Sales Since ’04

Orange County homebuilders last year posted their best year for sales since 2004, buoyed by the opening of several masterplanned communities, as well as continued strong sales on the Irvine Ranch. Includes the 2014 OC's LARGEST HOMEBUILDERS list for download (pdf)

Newport Center Comp: $10M Per Acre; Bill & Wayne; Will on Moreno

Word from a lender backing Mike Lutton, Tod Ridgeway and Ron Soderling in their buy of the old Beacon Bay car wash offers a benchmark of $10 million per acre for land in Newport Center. The trio that’s operating as Newport Center Anacapa Associates

Marriott’s Makeover Beckons Generation Next

HOSPITALITY: Starts with new look for lobby, lounge areas

Irvine Marriott spent about $5 million to hit the restart button on its lobby and lounge area in a project aimed at attracting the next generation of travelers staying at the hotel or just visiting.

MemorialCare Gears Up for Healthcare Changes

HEALTHCARE: Promotions, new hires reflect reform’s effects

MemorialCare Health System is remaking its front office with an eye on healthcare reform.

QLogic Gets Ethernet Boost on B’Com Buy

TECHNOLOGY: Market share to 18.8%, on par with chief rival

QLogic Corp.’s $209 million deal last week to acquire key Ethernet assets and licenses and engineers from Irvine-based chipmaker Broadcom Corp. provides a much clearer path for product development in a segment expected to have strong growth in the coming years.

Low-Profile Company Gets High-Profile Work, Value

TECHNOLOGY: DynTek benefits from industry shifts

Newport Beach-based technology service provider DynTek Inc., which has drawn little attention on Wall Street, is on a growth spurt as more businesses and public agencies aim to secure data and link employees’ personal devices with workplace equipment and systems.