OCBJ WEEKLY EDITION
73 Companies Combine for $2.2 Billion in Revenue
The 73 fastest-growing private companies in Orange County with revenues between $10 million and $100 million collectively grew their combined top line by 76.1% over the past two years to $2.2 billion.
Companies Under $10M Mark on Revenue Combine for 100% Jump
The fastest-growing companies in Orange County with revenues of less than $10 million combined to nearly double their sales over the past two years to $399 million.
This week’s special issue puts a focus on the fastest-growing private companies based in OC, with 174 entries spread over three lists, and Irvine-based Golden State Foods the largest of the bunch at $6.6 billion in annual sales (see related stories on page 1; Special Report starting on page 21).
REAL ESTATE: Investor buys office park, sells Orange building
The purchase of a San Juan Capistrano office park and the sale of a prominent government building next to the Outlets at Orange shopping center have capped off a busy few weeks of investment activity for Greenlaw Partners.
HEALTHCARE: Institute offers neuroscience and spine treatment
Mission Hospital has added advanced treatment for neurological and spine conditions to its portfolio of services — something that could help it develop beyond its core market in South Orange County.
RESTAURANTS: Plans push beyond standard restaurants
Johnny Rockets wants to grow its number of U.S. restaurants by tapping new dining trends while maintaining its Americana-themed brand.
TECHNOLOGY: First big development for company
A recent software distribution deal struck by an Irvine-based company with barely any sales provides some insight on its $560 million market value.
HEALTHCARE: Plans to build up sales team for initial product
Sonendo Inc. is gearing up to roll out a device it says is an improvement over the traditional way of performing root canal surgeries.
Aliso Viejo-based Avanir Pharmaceuticals Inc.’s shares rose on positive clinical trial results for a potential Alzheimer’s disease treatment.
Newport Beach-based buyout firm Windjammer Capital Investors agreed to sell its portfolio company, BBB Industries LLC, to an investment firm in London on disclosed terms.
Newport Beach-based leisure park owner and operator Palace Entertainment Inc. sold 15 of its entertainment center locations to Apex Parks Group in Aliso Viejo on undisclosed terms.
Irvine-based Montage Hotels & Resorts recently named Rick Riess managing director of Montage Laguna Beach, its flagship resort.
A Chinese real estate investor bought the 163,514-square-foot Amerige Heights Town Center in Fullerton.
TECHNOLOGY: Rides big data, cloud surge for growth
The boom in big data and cloud computing has paved a growth path for Trace3 under new Chief Executive Tyler Beecher, who’s put his own stamp on the company since taking the helm last month.
361 Degrees International Ltd., which bills itself as the second-largest athletic brand in China, has chosen Irvine for its North American headquarters.
Overall Luxury Sales Still Off 5% From Last Year
Almost 200 $4 million-plus homes sold in Orange County from Jan. 1 through Sept. 1, about a 5% drop overall from the same period last year, according to real estate market aggregator DataQuick.
Sept. 22-Oct. 1, 2014
This week's business and other event listings.
Edwards’, Medtronic’s Devices Part of Discussion
Transcatheter heart valves, including those by Irvine-based Edwards Lifesciences Corp., took center stage at a large interventional-cardiology meeting this month in Washington, D.C.
Company Wanted Name Known By Young Buyers
Hyundai Motor America has replaced actor Jeff Bridges with Paul Rudd as the new voice for its national advertising campaigns.
Software, Sensors Allow Devices to Communicate
The burgeoning Internet of Things market has prompted a strong hiring push at Irvine-based smart technology provider Greenwave Systems.
Sales and leases of offices, industrial buildings, retail space and apartments
TW Investment Corp. sold the 10-acre Blue Gum Industrial Park in Anaheim for an undisclosed price to TREF3 Anaheim LLC.
The North Orange County office market’s vacancy rate ended the second quarter at 15.3%, the result of absorption taking a hit at the beginning of the year, fueled mostly by three large move-outs totaling approximately 440,000 square feet.
Matteson Capital in Talks To Buy City-Owned Land
More details are emerging about one of the first big local hotel developments that will have ties to Huntington Beach-based apparel manufacturer and retailer Quiksilver Inc.
Device Maker Seeks FDA Approval, Builds US Sales Force
AcuFocus Inc. is banking on a recent cash infusion and a tiny device implanted in the eye to spur big growth.
REAL ESTATE: Sales of 4 buildings will lead to new OC jobs
The first batch of for-sale industrial buildings built at Panattoni Development Co.’s Anaheim Concourse project has been snapped up by a pair of out-of-town manufacturers expanding into Orange County.
Some 150 Incipio Technologies Inc. employees huddled in the company’s lunchroom last week to watch Apple Inc. announce its newest iPhone models, taking notes and comparing them to what was already leaked online.
Chan, Brother Head Foundation That Gave $350M to Harvard Last Week
You won’t find mention of Orange County in the ongoing talk of the biggest single donation in Harvard University’s history.
St. Joseph Hoag Sets Up at Irvine Company Complex
St. Joseph Hoag Health’s latest building block for the integrated regional care delivery it aims to establish throughout Orange County is the cornerstone of the Irvine Company’s newest idea to bolster the amenities at a couple of its bigger apartment complexes.
34 Companies Employed 16,000+ in Orange County
The 34 largest medical device makers in Orange County experienced 2% job growth during the 12 months ended in August, according to the Business Journal’s annual list.
Edwards, Endologix Among Big Gainers on Consultant List
Irvine-based medical device makers Edwards Lifesciences Corp. and Endologix Inc. are vastly different when it comes to revenue and profit, but they both rank among the top 10 hirers in the medical technology field over the past five years, according to a recently released report.
Allergan Leads the Way With 2,400 Local Workers
Irvine-based Allergan Inc. is the runaway leader on the Business Journal’s annual list of drugmakers based in Orange County or with sizable local operations.
Multiple sources tell the Insider that the Oakland Raiders have recently looked past downtown L.A. and the City of Industry to entertain the possibility of a move to the Great Park.
REAL ESTATE: Menlo gets Pacific Dental HQ on Red Hill
The recently redeveloped Red Hill Avenue building that holds the headquarters of dental-practice manager Pacific Dental Services Inc. in Irvine has been sold to a Silicon Valley-based real estate investor.
MEDIA: In deal for distribution rights; hits road for film festivals
A movie production company based at Chapman University has produced its first full-length feature film and plans to make three more in the next 12 months in an effort to provide profit for investors and proverbial real-world experience for film school alumni and current students.
Aristotle Capital Management LLC is doubling its office size in Orange County with a move from Irvine to Newport Beach.
RETAIL: Food court redo, new kids’ features staples of strategy
The Shops at Mission Viejo has set out to strengthen its appeal as a family-oriented option in a retail market that ranges from high-end South Coast Plaza and Fashion Island to the downtown feel and nighttime draw of the Irvine Spectrum.
SPORTS: Track’s revamp pays off in changed field
Chalk up another win for Los Alamitos Race Course in its efforts to become a permanent home for a bigger take of Southern California’s nomadic thoroughbred circuit since the December closure of 75-year-old Betfair Hollywood Park.