OCBJ WEEKLY EDITION

Mobilitie's Next Moves

Telecom Firm Grows With Beer, Books, R.E.

As the founder of the largest telecommunications firm based in Orange County, Gary Jabara has been a mainstay on the Business Journal’s annual listing of the area’s most influential and prominent businesspeople for nearly a decade.

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Biomerica Pivots To Big Stomach Pain Market

HEALTHCARE: Diagnostic test shorter pathway to sales

“All disease begins in the gut,” wrote Greek physician Hippocrates. There’s a lot of truth in the claim; studies have shown that the health of the gastrointestinal system impacts not only the entire body, but also brain and emotional health.

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Boardriders, With New Execs, Ready to Ascend

APPAREL: Billabong purchase closes; companies co-locate

Boardriders Inc., just before the recent closing of its purchase of Billabong and after the January disappearance of President-elect Pierre Agnes, named its new executive leadership team and is contemplating co-locating the combined company in Boardriders’ Huntington Beach headquarters.

OC 50

Our Annual Inventory of Influence

25 Years of OC 50

OC Insider

Nifty Fifty

25th OC 50 … most influential businesspeople starts at the start: Our cover has newcomers like Natalia Ostensen Olenicoff, Olen Properties, Steve Jones, boss of Allied Universal. We also start at the start of OC 50 with Editor at Large Rick Reiff talking about the genesis, the tough calls—just as this year—and a list that’s mirrored the growth and depth of the OC ecosystem. (OC 50 stories, page 1, inside Special Report).

Prologis Buys Foothill Ranch Site, More on Way

REAL ESTATE: $55.4M industrial buy; DCT deal agreed

Prologis Inc., the country’s largest warehouse property owner, is beefing up its Orange County presence following the largest industrial purchase in the area so far this year, and through the blockbuster acquisition of a national competitor with a modest local portfolio.

Safety in Numbers for Cybersecurity Companies

TECHNOLOGY: NY buyout house merges OC firm, 3 more

A Lake Forest security services provider is gaining global resources and deep pockets as a result of a four-company merger led by private equity firm The Riverside Co.

Pacific Premier’s Net Income Triples

FINANCE: OC banks report big profit growth

Pacific Premier Bancorp (Nasdaq: PPBI), Orange County’s biggest bank by market cap, reported profit increased threefold in the first quarter to $28 million, aided by tax cuts and acquisitions.

Fresh Hotel Eateries Destinations in Their Own Right

Plus, Leatherby’s New Look Drawing the Diners

Hotel restaurants have certainly come a long way in the culinary world. I can remember when hotel coffee shops were often my only option—and usually my last resort.

Givsum Says Its Platform Makes Giving Easier

Online Community To Grow Charitable Giving

While nonprofit organizations aren’t revenue-driven, they’re businesses in the sense that their progress can be measured—more precisely, how much money they raise from donors to support their visions. Irvine-based Givsum Inc., whose platform consolidates elements of philanthropy onto a single platform, is building a community “to solve the big problems of the world,” said Chief Strategy Officer and General Counsel Robert Kollar.

RE Firms Tackle Needs of Returning Servicepeople

Firms, OCCF Team To Raise $750K for Support

The ballroom was silent, with 650 pairs of eyes riveted on Jake Wood. The former Marine sniper shared his experience of protecting fellow Marines in a war zone. He also addressed the unique challenges military veterans face when they return home, including the potential psychological consequences of experiencing the traumas of war.

Avid Expands Biologics Manufacturing Capabilities

Increases Lab Space; Adds Three Customers

Avid Bioservices Inc. (Nasdaq: CDMO) is moving on. It’s bid farewell to its days as immuno-oncology drug developer, including divesting its lead immune-oncology drug, and is growing its position as a pure-play biologics manufacturing business.

Sports Agency Creates Marketing Firm With Partner

Former Big Sports Execs Join Management Team

The Athletes First sports agency is expanding its arena of services with the launch of Athletes First Partners, an international sales and marketing services company.

LBA’s Industrial Buying Spree Approaches $170M

2 More Sears Deals Follow Santa Ana Buy

Irvine-based LBA Realty has splashed out nearly $168 million on industrial deals outside of Orange County over the past month, in Los Angeles, Pennsylvania, Florida and the Pacific Northwest, according to local news reports.

Olloclip’s O’Neill Ponders More In-Kitchen Creations

Post Shows He’s Ready For Next Challenge

Olloclip founder Patrick O’Neill has left the Huntington Beach company he established in 2011, a company that brought consumers quality attachable lenses to improve smartphone photos.

Calendar

Inside OC With Rick Reiff (KDOC-TV), Sunday 5:30 a.m.; (KOCE-TV/PBS SoCal), Tuesday 1 a.m., Repeats Friday 2:30 a.m., 9:30 a.m., 5 p.m., Saturday 4:30 p.m., Sunday 11 a.m. and 5 p.m., Monday 12:30 a.m., Guests (May 13): author and Superior Court Judge Jim Rogan

Business Bites

Cypress-based automaker Mitsubishi Motors North America Inc. said Mark Chaffin will succeed Don Swearingen as chief operating officer. Chaffin will report to newly minted President and Chief Executive Fred Diaz. He previously served as vice president of fixed operations after joining the company in 2007 as director of parts operations. Swearingen will remain with Mitsubishi in an advisory role until his retirement in June. — Subrina Hudson

More Tenants to Old Broadcom Space Near UCI

REAL ESTATE: Paciolan, Medtronic’s Covidien move

Irvine Co. has backfilled a good portion of Broadcom Inc.’s former office campus near the University of California-Irvine after leasing a total of nearly 144,000 square feet.

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30 Years Away, Why Fram Virjee Returned to OC

EDUCATION: Power lawyer back in power in ivory tower

Framroze Virjee waved goodbye to his colleagues at the prominent Los Angeles-based law firm O’Melveny & Myers LLP and hopped on a plane to live out his retirement in Rwanda.

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What Happens In Vegas

Kingston Player In New Esports Arena

Las Vegas, built on gambling and embellished with rock-star residencies, Broadway musicals, magic acts, adult entertainment and exclusive nightclubs, has a new game in town with a different demographic.

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Yield of Dreams: Candy Man’s Passions Are Child’s Play

Hydrox Hawker Goes Toy Shopping in Newest Push

The business plans at Strategic Marks LLC are in constant motion, as is Ellia Kassoff, the man with the plans, but the business of adolescence takes longer than you think.

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Pacific Hospitality Group Buys AC Hotel in Dallas

HOSPITALITY: Now has four ACs in four states

Pacific Hospitality Group Ventures Inc. affiliate DG Hotels Ventures LLC bought a newly opened 256-room, dual-branded property in Dallas.

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Boeing Looks to Shed Surf City Office, Excess Land

8-Story Office Could Fetch $60 Million, Make Way for Industrial

Boeing Corp. has put one of its largest area properties on the market for sale.

Wells Fargo’s SBA Lending Falls 74%

FINANCE: Bank cites fierce competition in niche

Wells Fargo & Co.’s lending to Orange County small businesses plummeted 74%, based on the latest Business Journal ranking of loans backed by the federal Small Business Administration.

Orange-Based Cirtech Carves Bomb-Parts Niche

Fights Against Rivals for Survival

Brad Reese, during a recent tour of his Cirtech Inc. factory in Orange, pointed out an unusually shaped semiconductor board.

Pang for ‘Green’ Cosmetics Grew Into Retail Brand

Got Lift With Letter Sent to Paris Boutique

Most cosmetics startups consider landing on Sephora shelves as a benchmark of success. For Laguna Beach-based Ilia Beauty Inc., the nod came from Colette, an influential Parisian boutique frequented by Chanel designer Karl Lagerfeld and other fashion gurus.

SBA Lenders See Big Shakeup as Growth Slows

Loans Up 13.2% By Dollar, 5% by Number

A 13.2% growth in Small Business Administration loans by dollar value would normally be a celebration in Orange County.

Real Estate Deals

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

ACS Development Group Inc. leased a medical office building to Children’s Hospital of Orange County for nearly 10 years.

Opportunity

Took students to New York every January.

HB Sand Volleyball Tourney Goes Global

SPORTS: AVP event to host overseas and US teams

The Association of Volleyball Professionals will open its season this week in Huntington Beach with international flair.

Designing a New Economic Model

How a Newport Decorator Got Back in the Black

Interior designers looking to spur their creative juices and graduate out of their home offices can head to a new co-working space in Newport Beach called Studio88.

Private Companies Wanted For Annual List

SPECIAL ISSUE: List will be centerpiece of June 18 edition

The Business Journal is preparing its annual list of privately owned companies for publication in June.

OC Banks’ Profits Surge

FINANCE: Cite discipline, loans

The biggest banks headquartered in Orange County reported a gusher of profits in the first quarter.

PHILANTHROPY

More than 2,500 volunteers from the Orange County community laced up their shoes in support of critically ill children and their families at this year’s Orange County Ronald McDonald House Walk for Kids.

Heartstitch Gets European Regulatory OK for Device

Technology Used For Mitral Valve Repair

The next frontier in the interventional cardiology world is transcatheter mitral valve repair and replacement.

Surterre Gives Agents a Hand With New Ad Platform

Service Product Of ‘Years Of’ Tech Research

Residential brokerage firm Surterre Properties is getting into the advertising business.

Fullerton Buys Add to Duke Realty’s OC Holdings

$22.8M for Site Follows 2017 Buena Park Deal

Indianapolis-based Duke Realty Corp., one of the country’s top owners of large industrial properties, is beefing up its local portfolio.