OCBJ WEEKLY EDITION
Sales and leases of offices, industrial buildings, retail space and apartments
An apartment complex in La Habra was sold to Schroeder Investment Partners Inc. for $5.7 million, or about $220,000 per unit.
LT Global Awaits City EIR Decision, Council Vote
It looks like the biggest battle the sputtering Los Angeles Angels of Anaheim will have on their hands over the next few months will involve potential development of a 14.8-acre site next to their stadium.
Orange County’s nonprofit groups are starting to grapple with the kind of leadership changes that larger organizations in longer-established commercial centers already have been through.
Tested Leader Takes Sole CEO’s Post at Alliance
Alix Hobbs stepped into a new situation when she took the helm of the nonprofit Crystal Cove Alliance last month—and not just from her perspective.
AUTOS: 11 lots would be consolidated along PCH
AutoNation Inc. is eyeing the Mariner’s Mile area of Newport Beach as the new home for its Porsche dealership.
REAL ESTATE: 4 buildings near Mission Hospital total 263,000 SF
A four-building collection of medical office properties surrounding Mission Hospital in Mission Viejo has changed hands for the second time since 2014 in what looks to be Orange County’s biggest office sale so far this year.
Seek $5 Million For NB Program, Center
The Girl Scouts of Orange County is building a $3.9 million Leadership Center in Newport Beach as part of an interactive program intended to give its scouts confidence and career opportunities.
Combine to Donate $180M, Increase Local Gifts 46%
Orange County’s private foundations gave more locally and overall in their most recent fiscal years.
OC Contributions Up 5% To Nearly $20 Million
Corporate foundations active in Orange County continued what’s now a six-year trend of increasing overall cash contributions to OC charities.
Award-winning charter school NOVA Academy Early College High School unveiled its new four-story, 37,000-square-foot educational facility in Santa Ana on Aug. 22. It purchased the building last fall for $8.3 million. Opening ceremonies included the cutting of a red ribbon on the front doors of the school, student speakers, and tours of the building.
Orange County’s community of business plays a big part in the impressive array of philanthropic groups and nonprofit organizations that operate here, as you’ll find on our front page and in the Special Report that starts on page 15 …
REAL ESTATE: To renovate 421 units built in 1972, add 40
Irvine-based apartment investor Advanced Real Estate Services Inc. has made one of the largest local property buys of the year, for a 421-unit rental complex in Fullerton.
REAL ESTATE: Deal retains Lincoln Property as investor
A recently renovated four-story office just off the San Diego (I-5) Freeway in Laguna Hills has a new owner.
MEDIA: Parent puts glossy on block in plan to go private
The publisher of Orange Coast magazine hopes to put together a deal to purchase the monthly magazine and its ancillary operations in the wake of Indianapolis-based Emmis Communications Corp.’s announcement that it wants to sell the title.
Infinity Realty Advisors in Los Angeles said a client bought the 306-room Hilton Irvine/Orange County Airport.
The University of California-Irvine School of Law is accepting applications for a new master’s law degree for non-American lawyers.
Manhattan Beachwear Inc. in Cypress named Kevin Mahoney chief executive, replacing founder Allan Colvin, who recently retired from day-to-day duties at the swimwear designer and manufacturer.
Reginald Gilyard, dean of Chapman University’s George L. Argyros School of Business and Economics, announced plans to step down at the end of the academic year in May to pursue his passions of helping low-income people and working on military veterans issues.
Food Hall to Join Growing List of Poke, Burger Spots
Trends are exploding all over the county.
Other items of interest Orange County Business Journal Vol. 39, No. 36
Australia-based online retailer SurfStitch Group Ltd. said a wave of recent losses have prompted it to delay a global rebranding effort that would have consolidated its online operations into a single website named after its e-commerce subsidiary in Irvine.
Cross-Promotion, Ad Placements Drive Venture
A student entrepreneur team at Chapman University’s Launch Labs—an incubator in the Argyros School’s Leatherby Center for Entrepreneurship and Business Ethics—recently launched its app and has been admitted to the Plug and Play Tech Center in Sunnyvale.
New Chief Dental Officer In String of Recent Hires
Western Dental Services Inc. in Orange named Dr. John Luther chief dental officer to replace Dr. Ronald Inge, who left in April to take a similar position with Delta Dental of Missouri in St. Louis.
Integrated Message To Mirror Car-Driver Unity
Mazda North American Operations hired experiential marketing agency George P. Johnson in Torrance to redesign its auto show booths for the upcoming season, which kicks off in October at the Anaheim Convention Center.
Sept. 5-14, 2016; Sept. 22, 2016
This week's business and other event listings.
The Orange County retail market has had a stable year of gradually recorded improvements.
Four at EvoNexus Pitch In Huawei Exec Sessions
Three startups housed at the EvoNexus incubator at University Research Park and another startup based in Irvine held private meetings with representatives from Huawei Technologies Co., one of the largest diversified electronics makers in the world.
Sales and leases of offices, industrial buildings, retail space and apartments
Tropical Holdings LLC and Ruffin Tech Center Ltd. sold a restaurant building in La Habra for $3.3 million, or about $598 per square foot.
New Beaverton Center Trades for Reported $101M
Costa Mesa-based shopping center owner and developer Donahue Schriber Realty Group has paid top dollar for a recently built property just outside Portland, Ore.
AUTOMOTIVE: Hyundai spinoff Genesis presents self as differentiator
The recently established Genesis Motors USA in Fountain Valley is technically a rookie company on the automotive stage—just don’t call it that.
Maria Hall Brown is the talent behind KOCE’s upcoming documentary on the late Henry Segerstrom, and the Insider hears that her project has attracted the keen interest of Elizabeth Segerstrom, who’s joined Sandy Segerstrom Daniels as co-managing partner at C.J. Segerstrom & Sons and its South Coast Plaza since her husband’s passing last year …
REAL ESTATE: Buena Park land bought from City Ventures
Irvine-based homebuilder TRI Pointe Group Inc. has taken over ownership of a prominent residential development site in Buena Park that previously held a Nabisco food manufacturing facility.
MEDIA: Web-based venture adds site, print paper regionalizes
Opposing forces are playing out in the OC media industry as a print-based operation merges mastheads while expanding geographic coverage, and a localized, online-only venture starts spreading out along the coast.
BrandingBusiness in Irvine developed a logo that will help distinguish USB chargers certified by USB Implementers Forum Inc. as compatible with devices that use smaller Type-C USB ports, including laptops, tablets, smartphones, docking stations and other products.
How 95-Year-Old Company Stays Ahead of Curve in Orange
Paper Mart has a simple key to its 95 years as a family-owned business: Be adaptable.
REAL ESTATE: Parcel along coast goes for $925,000 per acre
Bill Shopoff’s largest local acquisition in over five years—a former oil storage facility in Huntington Beach—could prove to be the most challenging entitlement project yet for the Irvine-based real estate investor and developer.
APPAREL: LSPACE grows sales 1,685% in 8 years with ‘easy’ duds
LSPACE America LLC in Irvine, following cues from the fashion industry, widened its focus a couple of years ago to include “easy-to-wear” apparel along with its signature swimwear, and the move appears to be paying off.
REAL ESTATE: 441,000-SF deal in Fullerton biggest lease this year
Third-party logistics services provider 3PL Global LLC is expanding its Orange County presence and shifting its headquarters to Fullerton after signing the largest industrial lease here this year.