In June, Bank of America awarded $610,000 in economic mobility grants to 40 Orange County nonprofits.
NONPROFITS: Irrelevant Week benefits charities
Trends come and go, the political needle moves back and forth, and change is the only constant. But in Newport Beach, one constant remains: Doing something nice for someone for no particular reason.
Business executives are excited about the prospect of tax reform, according to some of Orange County’s top accountants.
6th Consecutive Rise In Employees 2% Bump
Orange County’s largest accounting firms increased their employee counts 2.3%, the sixth consecutive year of gains.
List Adds Consultants From Accounting Firms
Orange County’s top management consulting firms reported a 2.2% bump in consultants to 1,924 in the year ended June 30, based on research for the Business Journal’s annual list.
NuEyes Raises Money To Stimulate Growth
Newport Beach-based NuEyes Technologies Inc. closed a seed round in excess of a million dollars, co-founder and President Justin Moore said. The company will use the funds to fuel its growth in helping the legally blind live more independent lives.
Now Includes Assisted Living, Skilled Nursing
Landmark Health LLC, a home-based medical care provider in Huntington Beach in its fourth year, has expanded its care delivery platform with the newly rolled out Landmark Connect.
Friendly Courts Likely To Hear Fewer Patent Cases
A recent Supreme Court ruling regarding where patent lawsuits can be heard is another bruising hit for Newport Beach-based Acacia Research Corp. and could affect the local economy.
Sales and leases of offices, industrial buildings, retail space and apartments
Surfas Family Trust sold a retail storefront building in Tustin to Kimberly D. Conroy for $1.2 million, or $369 per square foot.
Brokers Say Deal Cut Them Out of Commission
Palmer Luckey’s recent purchase of a marina in Huntington Beach hasn’t gone over well with two brokers who claim they were stiffed on their commissions for a related portion of the transaction.
Other items of interest Orange County Business Journal Vol. 40, No. 28
Kia Motors America Inc. in Irvine hired Bill Peffer as vice president of sales, a position Michael Sprague held until he was promoted to chief operating officer in 2015.
Four Nonbank Lenders Rank in Top 25 Nationally
Orange County made a national name for itself in mortgage lending in the 1980s and 1990s. Then its reputation tanked along with subprime mortgage lending in the 2008 financial meltdown.
Technology is in OC Hotel, DMO Video
Imagine your next vacation. Roll out of bed mid-morning, rub the sleep out of your eyes from last night’s late night, and walk a hundred steps from your beachfront cottage for a quick dip in the ocean before that sumptuous breakfast.
Content Creators Move in More Inclusive Direction
Blizzard Entertainment Inc. has taken plenty of flak over the years for developing characters that feed into certain stereotypes.
Goldman Sachs Said to be Under Contract for Towers
Finance giant Goldman Sachs is nearing a deal to buy one of Newport Beach’s more prominent office complexes, a sign of increased institutional investor interest in the area’s office market.
10-Year Trend in OC Keeps Pace With U.S.
Revenue generated by Orange County’s largest women-owned businesses grew about 35% since the recession and is on par with the national growth for the same time period.
One month into my burst into the middle of OC business—every day three yards and a cloud of everything, and a standout observation. There is—at last—progress on a unified, OC economic-growth strategy.
MARKETING: No guesswork, process leads to e-commerce sales
There’s a chance that the face cream you just bought online was developed by a local ad shop.
STARTUPS: Priority is getting top tier VC money into region
Over several generations, substantial entrepreneurial ecosystems have sprouted in Southern California. San Diego is known for biotech, Orange County for med-tech and life sciences. And Los Angeles has spawned social media, entertainment and esports startups.
HEALTHCARE: Miller, UCLA Mattel partner in joint venture
Miller Children’s & Women’s Hospital Long Beach has partnered with UCLA Mattel Children’s Hospital. The collaboration, in addition to bringing together research expertise and care services, will expand Miller Children’s presence in Southern California via an outpatient care model.
The Irvine Company reached an agreement with Real Office Centers on one of the properties about which it had filed an eviction-based lawsuit against, an Irvine Co. spokesperson told the Business Journal.
Shares of ADOMANI Inc. surged last week closing at $15.69 on Thursday, the highest price in its short public history on the NASDAQ Capital Market.
Costa Mesa-based Lindora Medical Clinics Inc. named William Righeimer chief executive.
HEALTHCARE: J&J CEO says company’s not done buying
Johnson & Johnson Chairman and Chief Executive Alex Gorsky discussed the company’s $4.3 billion acquisition of Abbott Medical Optics Inc. in Santa Ana—rebranded Johnson & Johnson Vision—at the fourth OCTANe Ophthalmology Technology Summit held at Island Hotel in Newport Beach on June 23 and 24. Gorsky noted that “the day a company enters J&J, it’s no longer a small company,” though the Fortune 10 healthcare giant aims to strike a balance.
In Most Every Town, But Hop In the Car For More
For some reason, I recently had the thought that Orange County has a knot in its britches about who and what we are in the culinary psyche. People will not leave their hometown enclaves to experience things across the county. No wonder the jammed traffic saps the adventurous spirit to try what’s new.
REAL ESTATE: Former LA Times site to hold 2 new offices
Redevelopment of the former Los Angeles Times printing plant in Costa Mesa into Orange County’s largest creative-office reuse project could begin in earnest early next year, with ground-up development of two new offices at the iconic property taking place in future phases of construction.
REAL ESTATE: Alpha Wave investors also after apartments
An affiliate of private equity investor Alpha Wave Investors LLC in San Juan Capistrano will buy a hotel in Redmond, Ore., this month, its second purchase this year after one in Colorado Springs, Colo., in May.
Average 96% in First Two Weeks of June
Across Orange County, homes in the $4 million-plus market are fetching an average of 96% of their latest list prices, according to online real estate aggregator Redfin. Here’s a breakdown of OC’s most exclusive communities and how close selling prices are to list prices:
UC Irvine Health’s Chao Family Comprehensive Cancer Center said two new leukemia endowed research chairs would be named through a $5 million gift from the Chao family.
Genome Sequencing Meant to ID Disease Genes
Children’s Hospital Orange County is collaborating with Rady Children’s Hospital San Diego to further improve molecular diagnosis of rare and common complex genetic diseases in children.
Ads Talk Up Interest Rate Guarantee, Free Insurance
LoanDepot LLC is in the midst of a “multimillion-dollar” branding campaign called “We believe in you,” featuring 30- and 60-second TV spots airing daily on broadcast and cable networks nationwide, including ESPN, CNBC, E!, MSNBC, Fox News, CNN and Direct Sports.
WD Seeks Injunctive Relief Over Sale to Asian Firms
Circle July 14 on the calendar.
Sales and leases of offices, industrial buildings, retail space and apartments
Trowbridge Vaughen Vivos Trust sold La Plaza Pacific, a multitenant retail and office building in Dana Point to Raintree Evergreen LLC for $6.6 million, or about $463 per square foot.
Paid $10.3M in ’14; Now On Market For 57% More
Nikken Inc., a Japanese health and nutritional product maker with local operations in Irvine, could be on the move again, depending on the results of the sale of its Orange County office.
Meridian Will Use Funds For Hires and Expansion
A Tustin-based company that’s combined augmented reality and cognitive computing for use in enterprise and business applications raised $1.2 million in early-stage funding from strategic partners, high net-worth individuals and local investors.