Orange County Business Journal

OCBJ WEEKLY EDITION

Bixby Land Swings Back to Industrial

REAL ESTATE: Warehouse buy latest break from creative offices

Bixby Land Co., one of the area’s most active developers of creative-office space, is putting more of its money into Orange County’s industrial market.

Kawamura Crops Up; Jimmy P. at Shea; Max & Kate at SCP

Anyone else hear about a longshot push for Big Canyon resident A.G. Kawamura as Secretary of Agriculture in the pending Trump Administration?

Ingram Eyes Next Approach After Allergan Deal

HEALTHCARE: Veteran pharma exec envisions investment ‘hub’

Doug Ingram is on to the next thing.

Oncology Specialist Teams Up With Cedars-Sinai

HEALTHCARE: NB-based chain shifts to collaborations

Newport Beach-based Integrated Oncology Network Holdings’ treatment center in Beverly Hills will be fully incorporated into Cedars-Sinai Medical Center, a nonprofit 886-bed academic medical center in Los Angeles.

Fund to Honor Late Apex Chief

A leading amusement industry group has established a memorial scholarship fund to honor Al Weber, who founded and led Apex Parks Group LLC in Aliso Viejo until his death on Nov. 8.

Garden Grove Plant Could Avert Layoffs

Los Angeles-based American Apparel LLC said a $66 million bankruptcy sale to Gildan Activewear Inc. could help it stave off a round of layoffs, including of 332 workers at its dye house in Garden Grove.

CSUF to Launch Investment Center

California State University-Fullerton’s Mihaylo College of Business and Economics will launch an investment management center with a private grand opening on Dec. 2 that will recognize a $1.5 million gift from alumnus Jeffrey Van Harte, chairperson and chief investment officer of San Francisco-based Jackson Square Partners LLC.

UCI Researchers Named Science Fellows

Nine University of California-Irvine researchers were named fellows of the American Association for the Advancement of Science.

Link Named to Allegro Board

Allegro Ophthalmics LLC in San Juan Capistrano appointed Bill Link to its board.

PHILANTHROPY

Nonprofit group Project Access honored Mazda at its 11th Annual Keys to Success Gala and fundraiser amid a collection of timeless automobiles at Crevier Classic Cars in Costa Mesa.

ADDENDUM

Other items of interest Orange County Business Journal Vol. 39, No. 48

Santa Ana College’s International Business Program received the Responding to Globalization award on Nov. 17 at the Orange County Business Council’s sixth annual Turning Red Tape Into Red Carpet Awards.

OCBJ Calendar

Nov. 28-Dec. 7, 2016

This week's business and other event listings.

Proove Biosciences Wants to Market Data on Pain

Fast Grower Aims To Supplement Test Revenue

Irvine-based Proove Biosciences wants to diversify its lineup of offerings to complement the tests it provides to help physicians evaluate pain tolerance and identify risk for dependence and addiction.

Kia Spreads Word on Hybrid SUV Through App Bot

Sings Praises of Niro Via AI-Powered Text Chats

Kia Motors America Inc.’s new Niro hybrid SUV is getting lots of marketing attention these days.

USB Touted as Ultra-Secure Closes In on Retail Deal

Startup Says Device Uses NSA-Endorsed Technology

Irvine startup Webcloak is nearing a deal with a national retailer to distribute its USB device, which it says allows users to anonymously browse the web and prevent viruses, data theft or identity breaches.

Real Estate Deals

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

AMZ Properties sold an industrial building in Anaheim to 4340 E. Miraloma LLC for $6.4 million, or about $170 per square foot.

Angel Investment Group Seeks More Medical Deals

Tech Coast Angels Unit To Hunt Specialized Investors

The Orange County chapter of Tech Coast Angels recently formed a medical device and lifesciences division to engage in more medical device deals, with the goal of increasing its ranks of accredited investors with medical device expertise to facilitate such deals.

The Source Preps for Opening at Beach and Orangethorpe

Retail, Office About Done, Hilton Hotel Year Away

Lynwood-based developer M&D Properties is gearing up for the opening of The Source, its big mixed-use development in Buena Park.

Biggest Employers Get Bigger

Grow Local Workforces 2.5% to 273,000, Up 3.5% Companywide

Orange County’s biggest employers continued to expand their workforces over the past year, though at a slightly slower pace than last year.

Turning a New Tea Leaf

Beverage Chain Brings Asian Recipes, Complementary Approach to Market

7 Leaves Cafe will happily follow in Starbucks Corp.’s footsteps.

‘Flight’ Plan Set for Creative Campus

Price for 40 Acres in Tustin Could Top $73M

Orange County’s first ground-up creative-office campus looks likely to break ground in mid-2017 under terms of an agreement between the city of Tustin and the developer of the project, which is called Flight.

Village at Orange Fetches $84.5M

REAL ESTATE: Looks to be first buy here for SD-based investor

An investor from San Diego has bought the Village at Orange shopping center in one of the largest reported retail deals in Orange County this year.

Hyundai’s New Take on Tech

AUTOS: Carmaker forms IT ‘subdivision’ at FV headquarters

Here’s what the world didn’t see when Hyundai Motor America Inc. showed off its first self-driving vehicle at the Los Angeles Auto Show last week:

Girly Guys; Trump Ties; Royce Tries

Word that Hillary Clinton became the first Democrat to carry Orange County since Franklin Roosevelt might just have you ready to consider another stereotype-buster for this place that boasts an airport named after John Wayne: The two men who built the Irvine-based Too Faced makeup brand into an outfit that fetched $1.45 billion in last week’s sale to Estee Lauder counted “unabashed girliness” as an inspiration (see related report, page 8) …

South Coast Metro Office Sells to SD Investor

REAL ESTATE: Estimated $50.5M for Santa Ana building

One of the high-end office buildings in the Hutton Centre mixed-use campus in Santa Ana has been sold to an investor from San Diego.

NB-Based Team Tennis Franchise Up for Sale

SPORTS: Sold out 6-game schedule at 1,250-seat venue

Orange County’s professional tennis team is up for sale.

OHL Leads on $1.2B Plan to Widen 405

CONSTRUCTION: Expected to bring 800 trade jobs over 6 years

The Irvine office of OHL USA Inc. is part of the joint venture whose $1.2 billion bid for the I-405 Improvement Project was deemed “best value” last week by the Orange County Transportation Authority’s board of directors.

Sperry Commercial Adds Former Irvine Mayor to Mix

REAL ESTATE: Will aim to build broker roster, Asia links

Sperry Commercial Global Affiliates LLC, an Irvine-based commercial real estate brokerage that started operations this summer, has hired the former mayor of its hometown to beef up its presence in Asia.

Golden State Adds Denver Distributor

A unit of Golden State Foods Corp. in Irvine created a company to run a food distributor that it bought in June.

St. Joseph Expands Home Nursing

Providence St. Joseph Health in Irvine plans to expand its home healthcare services franchise offerings by 50% over the coming year.

Ohio Firm Buys Lawn Device Startup

Blossom, a startup based at The Cove in University Research Park, was acquired by Marysville, Ohio-based The Scotts Miracle-Gro Company. Terms of the deal hadn’t been disclosed.

Herberts Pledge $5 Million to Eye Institute

Gavin and Ninetta Herbert will give $5 million to the Gavin Herbert Eye Institute to back retinal research in diseases that include glaucoma, diabetic retinopathy and retinal detachment.

$1.45B for Irvine-Based Cosmetics Line

Too Faced Cosmetics LLC in Irvine will sell for the second time in 18 months, in a deal pegged at nearly $1 billion more than last year’s price tag.

Emerald Gets RFID Tech Show

Emerald Expositions LLC in San Juan Capistrano last week acquired the RFID Journal LIVE event and several related regional expos from RFID Journal LLC in Hauppauge, New York on undisclosed terms.

RSM Startup Hopes Diamonds Will Be Best Friend

New Online Auction Site Cuts Out Middlemen

Rancho Santa Margarita-based online auction company MyDiamondAuction.com recently opened to individuals to give those who own diamonds access to what it says are the world’s largest diamond-buying companies.

ADDENDUM

Other items of interest Orange County Business Journal Vol. 39, No. 47

Boeing Co. plans to move 2,500 jobs from Huntington Beach in the next four years, leaving a fraction in Seal Beach while the majority go to El Segundo, Long Beach, St. Louis and Huntsville, Ala.

High-End Condos Carve Out Niche in Luxe Market

About 160 on OC Market, Two Priced Above $4M

The Orange County luxury housing market, defined in the real estate industry as the top 5% of homes sold in a given quarter, regularly sees single-family homes garner $5 million, $10 million and even $20 million.