Orange County Business Journal

OCBJ WEEKLY EDITION

Wang’s Consumer Electronics Vision Realized Post-Sale

LeEco Intros Motley Products With Same Brain

LeEco’s recent U.S. launch, which included a long press event in San Francisco, may have provided a glimpse into why Vizio Inc. agreed to a sale in July to the Chinese conglomerate.

Real Estate Deals

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

A retail building in Costa Mesa was sold for $2.6 million, or about $1,100 per square foot.

NB Investment Firm Shifts Focus to VC Deals

Cambridge Cos. Moves Away from Real Estate

A Newport Beach investment firm transitioning out of real estate and into venture capital deals is raising an approximate $100 million fund.

Auto Dealership Moves Ahead at Former Nabisco Site

Buena Park Project Follows TRI Pointe Land Sale

A 4-acre development site in Buena Park that once was part of a larger Nabisco food manufacturing facility has seen a change in ownership.

New Standing for New Majority?; Will Daniele Dance?

History might someday deem last week’s debate-watching party hosted by the New Majority—with guest Newt Gingrich—at the Island Hotel just the sort of gathering that laid the groundwork for reshaping party politics in the U.S. …

New Standing for New Majority?; Will Daniele Dance?

History might someday deem last week’s debate-watching party hosted by the New Majority—with guest Newt Gingrich—at the Island Hotel just the sort of gathering that laid the groundwork for reshaping party politics in the U.S. …

New Standing for New Majority?; Will Daniele Dance?

History might someday deem last week’s debate-watching party hosted by the New Majority—with guest Newt Gingrich—at the Island Hotel just the sort of gathering that laid the groundwork for reshaping party politics in the U.S. …

Auto Group Poised for Growth With Buys, Build

AUTOMOTIVE: Shelly beefs up luxe footprint with moves

Shelly Automotive Group is on the move in every sense of the word.

SCE Eyes South OC for Major Push on Battery Power

ENERGY: Push to outfit 3,000 homes would be biggest in U.S.

The largest foray into residential battery storage in the U.S. to date will happen in Orange County.

Fullerton Bullet Maker Sold

MANUFACTURING: Berger to Norwegian-Finnish buyer

Fullerton-based Berger Bullets has been sold on undisclosed terms to Nammo Group in Raufoss, Norway.

New Shade of Grays: Emphasis on Proprietary Retail

APPAREL: Mother-daughter label now has four stores open

Kelly and Marie Gray are taking a breather after a whirlwind year that saw their Grayse LLC in Irvine realign its retail strategy to focus on a flock of fledgling brick-and-mortars.

Device Maker VertiFlex Gets $15.2M

San Clemente-based VertiFlex Inc. raised about $15.2 million from six investors. It makes minimally invasive devices to treat spinal disorders.

New Speedo USA President Named

Speedo USA in Cypress promoted John Graham to the role of president, replacing Jim Gerson, who left in May.

Software Maker Buys Colorado Firm

Irvine-based Flatirons Solutions acquired the assets of a Colorado company that specializes in flight operations software.

Chapman Opens Health Research Center

Chapman University announced the opening of a research center focusing on biopsychosocial approaches to health.

National Honors for Downtown Santa Ana

The American Planning Association has named downtown Santa Ana as one of five “Great Neighborhoods” on its annual Great Places in America list.

ADDENDUM

Other items of interest Orange County Business Journal Vol. 39, No. 43

Chapman University got a $2.5 million gift from the Kay Family Foundation to fund faculty and student research, projects and other activities in data analytics, which is part of the growing field of “big data.”

Orange County Makes Top 10 in U.S. Luxury Market

Notches $1.27M Average Sale Price in 1st 6 Months

Realtor.com released its annual Luxury Homes Index in September evaluating home transactions for the top 10% of the market in 277 U.S. counties and 63 metropolitan areas in the first six months of the year.

Car Dealers Opt to Mobilize for More Sales Leads

Aim to Harness Power Of Social Media Channels

An Irvine company has partnered with several auto dealerships in a bid to boost their ability to generate sales leads.

Three-Year Flight Plan for 2 Aerie Eye-Care Drugs

Main Products on Rolling Schedule for FDA Process

Aerie Pharmaceuticals Inc. in Irvine anticipates a one- to two-year schedule for both of its eye care drugs to move through the Food and Drug Administration process toward approval.

Shoemaker Inspires Longer Runs to Help Girls Group

ASICS to Donate Pair For Every ‘Extra Mile’ Logged

ASICS America Corp. in Irvine launched a marketing campaign that encourages athletes to add a mile to their workouts.

OCBJ Calendar

Oct. 24-Nov. 2, 2016

This week's business and other event listings.

Foreign Capital’s 2-Year OC Real Estate Push Tops $2B

Industrial Buys Lead Way; China Goes Big on Hotels

Beijing-based Anbang Insurance Group Co.’s recent purchase of two of Orange County’s premier resort properties—Montage Laguna Beach and The Ritz-Carlton, Laguna Niguel—has pushed foreign capital’s investment in the local commercial real estate market past the $2 billion mark over the past two years, according to a new research report by brokerage JLL.

Game Maker Plays Fast With Crowdfunder Campaign

InXile Entertainment Blows Past Raise Goal

Newport Beach-based video game maker inXile Entertainment knows how to run an online fundraising campaign.

Real Estate Deals

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

Santa Ana HM Property LLC sold a restaurant building in Santa Ana to 99 Motel LLC for $3.7 million, or about $1,584 per square foot.

Chapman, Blizzard in Talks for Spectrum Offices

Brandman Could Move to Mazda’s Old Digs

Chapman University is looking to relocate and expand the presence of its Brandman University affiliate in the Irvine Spectrum through two real estate transactions likely to top $60 million combined.

Kia Gets Clever

Automaker Plans ‘Full Blend’ for Marketing To Stand Out Among Bigger Rivals

Kia Motors America Inc. is preparing to tap into a “full blend” of marketing channels—including virtual reality—as it launches the Niro hybrid SUV and other vehicles scheduled to debut in the coming months.

‘Gig Economy’ Fuels Startup’s IPO Plans

SERVICES: App offers way to match up for employers, part-timers

Irvine-based startup ShiftPixy plans to issue an initial public offering by the end of the year, with hopes of raising between $15 million and $50 million.

LBA Eyes Toshiba Campus on Heels Of Park Place Sale

REAL ESTATE: Allianz pays $390M; Spectrum spread could fetch $100M

LBA Realty, fresh off the highly profitable sale of a portion of its holdings in the Park Place mixed-use campus in Irvine, now has its eyes on another sizeable property in the city for a potential investment.

Q&A

A lot has been said about the U.S. Department of Labor’s new fiduciary rule and clients’ recent moves toward indexed investments and robo advisers. The new rule requires financial advisers to place clients’ interests before their own profits. It’s meant to protect investors from hidden fees and excessive payments that are poorly explained or concealed in fine print and that consequently lower returns on retirement savings. Many savers have started moving funds away from active investment advisers and toward computerized advisers and indexed funds because the latter methods are believed to provide comparable or better investment returns and to do better over time at a lower cost. The Business Journal’s Michael de los Reyes asked Orange County’s financial advisory firms for their insights on those issues. Here are the edited excerpts of firm leaders’ responses:

Financial Advisories Add 200 Local Reps, Up 12%

64% of Advisers at Top 5; 4 Firms Debut on List

The combined pool of registered investment advisers in Orange County grew about 12% to 1,905, and the 29 firms on the Business Journal’s list combined to employ overall staffs totaling 7,022, up 16.5%.

Anaheim Concourse Buildings Sell For $188M

CalPERS-Backed Investor Pays Record Per Square Foot

Real estate investment adviser Bentall Kennedy has made one of the largest industrial acquisitions ever in Orange County, buying close to a million square feet of recently built space in Anaheim.

Anaheim Concourse Buildings Sell For $188M

CalPERS-Backed Investor Pays Record Per Square Foot

Real estate investment adviser Bentall Kennedy has made one of the largest industrial acquisitions ever in Orange County, buying close to a million square feet of recently built space in Anaheim.

Hard (Liquor) Times in Santa Ana

Couple Gets Over Learning Curve, Red Tape to Open OC’s 1st Distillery

Being the first at anything comes with inherent challenges. Opening the first distillery in Orange County proved even more challenging than entrepreneurs Robin and Brian Christenson imagined.

Advantage Solutions Aims to Take Data Marketing Up a Notch

MARKTING: New media unit to devise real-time pitches to shoppers

Irvine-based Advantage Solutions has launched a business unit that relies on data collected monthly from some 150 million mobile devices to advertise to specific customers when they’re most likely to make a purchase.

Optimism Shines Through for Q4

ECONOMY: General outlook up despite caution on sales, profits

Orange County’s business owners and executives have become more optimistic going into the final quarter of the year, according to California State University-Fullerton’s Orange County Business Expectations Survey.

Allergan Executes on Aesthetics Medicine for Men

Pursues Piece of $1.4B Market, Plans Expansion

Allergan Plc in Irvine has moved forward this year on a strategy that targets men for aesthetics medicine work.