Orange County Business Journal

OCBJ WEEKLY EDITION

Coins to Commercial Real Estate

John Saunders has made a fortune through buying and selling some of the smallest and most valuable collectables in the world.

By Mark Mueller March 20, 2017 midnight share »

No Doubts

Take a world-champion body builder and a new form of protein supplement, and Power Crunch—protein-energy, cream-filled wafer cookies—is born. Sounds easy, right?

By Sherry Hsieh March 20, 2017 midnight share »

Left Brain, Right Brain

Peter Nguyen got a perfect score on the math portion of the SAT, so naturally, he took up online advertising.

By Mediha DiMartino March 20, 2017 midnight share »

PHILANTHROPY

Orangewood Foundation joined with the University of California-Irvine’s Henry Samueli School of Engineering on Feb. 23 to celebrate National Engineers Week.

By Kim Haman March 20, 2017 midnight share »

ADDENDUM

University of California-Irvine’s Paul Merage School of Business launched a master’s degree program in business analytics, which the school says is in response to high demand from businesses, recruiters and students.

By Hannah Mitchell March 20, 2017 midnight share »

OCBJ Calendar

This week's business and other event listings.

By Dana Truong March 20, 2017 midnight share »

Allegro Adds to Clinical Affairs With 3 Drugs in Phase 2

Allegro Ophthalmics LLC appointed Melvin Sarayba as vice president of clinical affairs, a newly created position.

March 20, 2017 midnight share »

Kia Extends Women’s Golf Sponsorship for 2 Years

Irvine-based Kia Motors America Inc. renewed its sponsorship of the Ladies Professional Golf Association in a multiyear deal that enables it to continue as Official Automotive Partner and to have a presence at seven tournaments, including the ANA Inspiration and the KPMG Women’s PGA Championship.

By Mediha DiMartino March 20, 2017 midnight share »

Real Estate Watch: Strong Investment Demand for Industrial Assets Continues­

Vacancy in Orange County is at an all-time low. Sale prices and deal counts have pushed up to new peaks and surpass those of the last cycle in 2006 and 2007. Industrial sale prices grew 8.2% last year and transaction counts by 5%.

March 20, 2017 midnight share »

Blizzard Adds Another Spectrum Office to Local Ops

Blizzard Entertainment Inc. still is in growth mode when it comes to its local real estate presence. It appears it’s also still very much a renter rather than an owner.

By Mark Mueller March 20, 2017 midnight share »

Kingston USB Drive Packs Storage Power, Big Price Tag

Fountain Valley-based Kingston Technology Inc. has packed 2 terabytes of storage into a USB flash drive the size of a pack of bubble gum.

By Chris Casacchia March 20, 2017 midnight share »

Real Estate Deals

B & B-Live Oak 15 LLC sold a 17-unit apartment building, The Mayflower Townhouse Apartments, in Fullerton to Peckham Properties LLC for $4.5 million, or $262,353 per unit.

March 20, 2017 midnight share »

Other Mitsubishi’s Power Play

Mitsubishi Electric U.S. Inc. in Cypress plans to ramp up its solar equipment sales by lending a hand to the next generation of independent systems installers and integrators.

By Mediha DiMartino March 13, 2017 midnight share »

Life After Broadcom at URP

Irvine Company has started to prepare for life after Broadcom Ltd., one tenant at a time.

By Mark Mueller March 13, 2017 midnight share »

Johnny Rockets in Transition

This time they mean it. Johnny Rockets Group Inc. will change the look and feel and food of the burger chain systemwide with alterations to all aspects of its operations, from color scheme and design to the pickles on its burgers.

By Paul Hughes March 13, 2017 midnight share »

KPC Healthcare Bets on ESOP

Santa Ana-based KPC Healthcare Inc. is betting that its employee stock ownership program is aligned with contemporary standards for healthcare systems, adding incentive for employees to provide better care and better results for patients and shareholders.

By Sherry Hsieh March 13, 2017 midnight share »

Blizzard’s $1B Rebound: Overwatch

Blizzard Entertainment Inc. took 18 years to develop a new franchise—the first-person, futuristic shooter “Overwatch.”

By Chris Casacchia March 13, 2017 midnight share »

Offices Now Investments for Area’s Ultra-Wealthy

High-net-worth investors in some areas of the country are known for collecting an assortment of fancy cars, jewelry, mansions and other luxury items.

By Mark Mueller March 13, 2017 midnight share »

Title Insurers Seek More Buys in Face of Rate Hikes

Orange County’s largest title insurance providers are looking at acquisitions both inside and outside their core business lines to help them grow operations and improve efficiencies in a climate of interest rate hikes likely to cut into their refinancing work.

By Mark Mueller March 13, 2017 midnight share »

Irish Eyes; UCI Medal; DTSA Cool

Céad míle fáilte to Tom Donovan, whose fine Irish surname might not sound like a natural match for the Italian influences of the Resort at Pelican Hill, where he signed on as managing director just in time for St. Patrick’s Day and is slated to report for duty later this month.

By Jerry Sullivan March 13, 2017 midnight share »

Plans Weighed for Trinity Broadcasting Site

It was the second sale of the building this month. Irvine-based Greenlaw Partners bought it directly from Trinity Broadcasting, and shortly after the deal closed, Greenlaw sold it for a slight profit to Alliance South Coast.

By Mark Mueller March 13, 2017 midnight share »

United Capital’s ‘Bionic Adviser’ Vs. Robos

The demise of human financial advisers and the rise of robo advisers aren’t so assured if United Capital Financial Advisers LLC has anything to say about it.

By Peter J. Brennan March 13, 2017 midnight share »

Quiksilver Cuts More Than Corporate Name

Oaktree Capital Management LP really cleaned house at Quiksilver Inc. in Huntington Beach.

By Mediha DiMartino March 13, 2017 midnight share »

Business Journal Fetes Entrepreneurs

More than 300 members of the Orange County business community celebrated five winners during a luncheon at the Business Journal’s 16th Annual Excellence in Entrepreneurship Awards.

By Mediha DiMartino March 13, 2017 midnight share »

Alignment Health Gets $115 Million

Orange-based Alignment Healthcare secured a $115 million investment from New York-based private equity firm Warburg Pincus LLC to support its U.S. expansion.

March 13, 2017 midnight share »

Phone Battery Case Maker Head Named

ZAGG Inc. named Chris Ahern president of Mophie LLC, its Tustin-based subsidiary.

March 13, 2017 midnight share »

CoreLogic Promotes COO to CEO Post

Irvine-based CoreLogic named Frank Martell president and chief executive to succeed Anand Nallathambi, who died this month after a brief illness.

By Mark Mueller March 13, 2017 midnight share »

Wanted: Best Places to Work for OCBJ’s List

Is your workplace great?

March 13, 2017 midnight share »

OC Small Business Owners’ Optimism Outpaces Broader West Coast View

Optimism about the U.S. economy among Orange County small businesses jumped to 63% from 38% a year earlier, according to the 18th annual Small Business Economic Survey by MUFG Union Bank.

By Peter J. Brennan March 13, 2017 midnight share »

ADDENDUM

Michael Drake, former chancellor of the University of California-Irvine, and his wife, Brenda, will receive the UCI Medal at the Lauds & Laurels celebration on March 30.

By Hannah Mitchell March 13, 2017 midnight share »

Guggenheim’s Estate Changes Hands for $10 Million

The home at 88 Linda Isle in Newport Beach sold on Feb. 27 for $9.72 million. The estate is considered a piece of Southern California history, according to the seller’s agent.

By Kim Haman March 13, 2017 midnight share »

Sabra Tweaks Planned Sale of Skilled Nursing Assets

Irvine-based Sabra Health Care REIT Inc.’s 2017 outlook is largely hinged on the completion of the sale of 35 properties leased by Genesis Healthcare Inc. this year, which would reduce its exposure to skilled nursing and free up liquidity for acquisitions.

By Sherry Hsieh March 13, 2017 midnight share »

Mazda Cultivates Place to Share Passions at SXSW

Mazda North American Operations—South by Southwest’s official automobile sponsor—returned to the nine-day conference and festival with its own venue in tow.

By Mediha DiMartino March 13, 2017 midnight share »

OCBJ Calendar

This week's business and other event listings.

By Dana Truong March 13, 2017 midnight share »

IBC Apartment Development Cuts into Jobs Base

The boom in residential development in the Irvine Business Complex over the past few years appears to be having an effect on the area’s base of jobs.

By Mark Mueller March 13, 2017 midnight share »

TCL Pins Hopes on Return of Coveted Keyboard

The wait is over for those clamoring for the return of the Qwerty keyboard.

By Chris Casacchia March 13, 2017 midnight share »

Real Estate Deals

Kelemen Caamaño Investments sold a 33,915-square-foot office building in Aliso Viejo for $11.8 million, or $347 per square foot.

March 13, 2017 midnight share »