Orange County’s Credit Union is bringing back one of the villains of the 2008 financial crisis—the no-money down payment mortgage.
One hundred and twenty. That’s how many Beckman Coulter employees arrived at Benjamin Beswick Elementary School on a sunny day in February, eager to get to work. The plan: to freshen up and revive the aging Tustin campus.
A strategy shift at Nike Inc. translated into a recent wave of layoffs at Costa Mesa-based subsidiary Hurley International LLC. The surf apparel brand parted ways with about a dozen employees and transferred others, including several sales and marketing executives.
Some Businesses Here Suffer Losses; Many Open Hearts and Wallets
While several Orange County companies assess the damage of operations, equipment and property from Hurricane Harvey, others are pulling resources to provide relief for as many as 30,000 displaced residents in southeastern Texas and the Louisiana Gulf Coast.
BALLOT BOX: Similar to Costa Mesa; aiming for ’18 vote
A slow-growth ballot measure has been proposed for Irvine, which if passed would quickly put a chill on development for Orange County’s third largest and fastest-growing city.
Gratitude Channeled Into Money-Saving Enterprise
It’s a story that could have had an entirely different ending.
Also Wants To Raise Cash For Expanded Programs
The Orange County Bar Foundation began nearly 50 years ago with the sole purpose of raising funds for a law library. It evolved into a way for the business and law communities to help at-risk youth, and a new building it acquired this year is enabling it to serve more of them.
Argyros Tops Privates, Wells Fargo Corporate
For this year’s philanthropy lists, the Business Journal ranked both corporate and private foundations by the amounts they gave to Orange County charities, instead of by total giving. The criteria include that the foundation is either headquartered here in OC, focuses a significant amount of its giving on OC charities, or that a principal lives here. Giving, in and of itself, can be volatile and fluctuate from year to year.
OneOC Aligns Their Values With Complementary Causes
Nestled on a tree-lined street in an unassuming 1970s-era building in Santa Ana resides Orange County’s most prolific matchmaker.
More than 700 supporters gathered on July 13 at the Free Wheelchair Mission’s annual Miracle of Mobility gala. The evening netted more than $1.5 million.
HEALTHCARE: Focus on own supplement brand
An obsession with eternal youth is in vogue, and not limited to Americans; the global antiaging market is projected to grow from $250 billion last year to $331.4 billion in 2021, according to a report by Orbis Research in Dallas.
REAL ESTATE: DCT buys former PacSun facility for $56M
A real estate investment trust in Denver has bought a big distribution center in Anaheim in one of the most expensive deals on record for an older industrial property in North Orange County.
TECHNOLOGY: Threat solver in early talks with Cylance
A burgeoning concentration of cybersecurity companies and plenty of potential corporate customers has led a Swiss security software maker to establish its North American headquarters in Newport Beach.
Seat Producer Gets Indian Work as Rockwell Waits
It doesn’t appear that the local operations of Rockwell Collins Inc. will benefit from the recent push from domestic and international airliners to install plush and pricey premium seating.
Tints Touted As Tranquil Remedy for Stressful Life
Behr Process Corp.’s 2018 color of the year is In The Moment T18-15, a “restorative blue-green hue honoring nature to create a soothing atmosphere.” It’s part of a spectrum of 20 hues “forecasted to influence décor and design in the year ahead.”
FINANCE: Who will ‘pound the desk on your behalf?’
At one point in her career, DeAnne Steele wouldn’t mention her young son when she was at work.
Aqua Lounge, Oak Grill Menus Focus on Healthy
During the past two years, Island Hotel has made some tremendously good-looking changes in its Aqua Lounge and Oak Grill dining rooms. There’s also a new chef on board whose food pleased us very much in recent tastes.
Sales and leases of offices, industrial buildings, retail space and apartments
OC Petroleum LLC sold a seven-unit auto retail center and warehouse in Huntington Beach to Kenneth Ochi for $5.4 million, or $185 per square foot.
TerraManta Execs Headed to Paris
How do geopolitical factors influence global commodities prices? That’s the question that an early-stage software company in Irvine answers with software using artificial intelligence.
Physician Ownership Model Desirable in China
China’s health system, which serves nearly 1.4 billion people, is moving toward an increasingly private, for-profit model to provide better care.
Other items of interest Orange County Business Journal Vol. 40, No. 36
The University of California-Irvine said Aliso Viejo-based chipmaker Microsemi Corp. donated $1.5 million to the university.
High Tide of Renovation to Hit Coast
The next big redevelopment push in Orange County looks to come dockside.
Public Safety and Security Soon $500B Market
Two Orange County technology companies are trying to cut down emergency response times when seconds can mean the difference between life and death.
Brisk Sales in Irvine, Even Without Them
This month’s grand opening of a collection of three new home types at Irvine’s Eastwood Village community had a bit of a carnival atmosphere, with an assortment of food trucks, balloons for children, and other giveaways for the more than 1,000 people who braved the summer heat.
House Foods Unit Aims for $89M in Annual Sales
House Foods America Corp., a Garden Grove-based manufacturer of tofu, noodles and other Asian-influenced food products that’s seen a surge in business the last decade, has bought an office next to its headquarters for what looks to be a potential expansion of its local operations.
Richard Afable Retiring, Oversaw St. Joseph Alliance
When two Catholic health systems, Providence Health Services and St. Joseph Health, merged last July, they created a 50-hospital system based in Renton, Wash., with headquarters in Renton and Irvine.
Obsidian, Veracity, Others Step Into Breach for Firms
Early this year, Glenn Chisholm was contemplating leaving the chief technology officer role at security software maker Cylance Inc. in Irvine.
New Clinic Walks Victims Through Cleanup Process
Bryan Cunningham’s vision, crafted over the past year to create one of the country’s top cybersecurity policy and prevention centers, is taking shape at the University of California-Irvine.
Six List Newcomers in Hot Spaces: AI, Gaming
A mix of new and established companies helped Orange County post solid job growth in the software sector for the second consecutive year.
Do The Strand
You’d have won bets in the ’90s backing a padlocked, degraded piece of land overlooking the ocean in Dana Point to be built out, with local-to-coastal commission blessing. Twenty years and 120 of the priciest lots in OC later—you’d be sitting on a parlay.
HEALTHCARE: Starts 2nd-phase pain management trial
The market opportunity for facial injectables is an attractive one—it’s likely to grow more than 11.5% globally from $6.5 billion last year to $7.2 billion in 2020, according to a recent market research report by Grand View Research Inc. in San Francisco.
FINANCE: Laila Pence honored by native country
Egypt turned for financial advice to one of Orange County’s top wealth managers—Pence Wealth Management co-founder Laila Pence.
REAL ESTATE: Starwood, Rockpoint invest in Irvine site
Regulatory documents are shedding a bit more light on FivePoint Communities Inc.’s blockbuster purchase of Broadcom Ltd.’s four-building, 73-acre campus under construction at Great Park Neighborhoods in Irvine this month.
Arts, Charity, Mentoring The Focus, Not Retirement
The Business Journal recently caught up with Victor Tsao, who splits his time between Asia and Orange County.
Branding Changes Follow Parent Co.’s Recent Sale
Irvine-based real estate marketplace Auction.com, whose parent company, Ten-X, agreed this month to be acquired by Thomas H. Lee Partners LLP for about $1 billion, unveiled a new logo, a “Beyond The Bid” slogan, and an “updated design aesthetic that reaffirms its commitment to provide buyers and sellers with optimal disposition strategies for faster executions.”