OCBJ WEEKLY EDITION

PHILANTHROPY

On Feb. 5, Edwards Lifesciences hosted more than 300 executives from Disneyland, PIMCO, Irvine Co. and other leading Orange County companies to its headquarters in Irvine for a presentation and discussion on how a company’s philanthropic outreach and social responsibility can help it develop a favorable or superior business position.

Segerstrom’s Harbor Gateway Land Eyed for Project

Industrial Building Would Be Nearly 100,000 SF

While retail watchers are keeping an eye on what, if any, redevelopment plans are in store for the Sears space at Costa Mesa’s glitzy South Coast Plaza, the mall’s owners are proceeding with a less glamorous project a few miles away.

Seven Days, 150 Restaurants, One Critic, One Fork

Mix Mix in Chris’ Mix In OC Restaurant Week

The 10th annual Orange County Restaurant Week, which runs March 4 through 10, presents a dilemma. Dozens of restaurants throughout the county are tempting diners with exclusive lunch and dinner menus, but there’s barely enough time to hit a handful of eateries in those seven days.

Dental Service Provider Rides Trend With Mobile Care

Pop-Up Models Also Reach Out at Companies

On-site and near-site care play a role in the value-based conversation as employers, health plans and providers search for ways to reduce healthcare costs. More companies are offering on-site clinics with more comprehensive primary care services—approxi- mately 45% of all employers offer some sort of on-site clinic, according to the National Association of Worksite Health Centers.

Kingston Headsets Helping to Drive Sales Growth

HyperX, With Gaming’s Help, Speeds to Milestones

The gaming unit of Kingston Technology Inc. has hit another milestone in headset sales.

Oakley Visualized Olympics Exposure Sans Big Spend

Competitors Wore Its Goggles on the Slopes

Oakley Inc. wasn’t a sponsor of the PyeongChang Olympic Winter Games, but its oval-shaped logo got plenty of airtime. Nearly a dozen athletes won medals while wearing Oakley’s Harmony Fade goggles, including Chloe Kim, who won gold in the snowboard halfpipe, skier Mikaela Shiffrin, first in giant slalom, and snowboarder Red Gerard, who won in slopestyle

Famous Angels, Admiral Top Cove Forum

How Stance CEO Became One of Them

In one of Jeff Kearl’s early deals, a venture capital firm pulled its term sheet in the last days. The investor/executive had an idea—go work at a venture capital firm. “Most VCs are … highly networked,” Kearl said.

Health Rewards App Carepoynt to Close $1M Seed Round

Platform’s Members Get ‘Poynts’ for Healthy Buys

The Affordable Care Act put new emphasis on preventing chronic conditions, which account for more than 80% of U.S. healthcare costs, according to the Centers for Disease Control and Prevention. Prioritization is one thing, implementation and patient compliance is another.

The Believer

Apria CFO Preaches Big Data; Employee Growth; Hard Work

Apria Healthcare Executive Vice President and Chief Financial Officer Debby Morris describes herself as partner to the chief executive, going beyond a chief financial officer’s typical role to develop strategy and key initiatives and driving growth and profitability.

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Arbonne Business As Usual Post-Deal

RETAIL: But beauty-focused brand to use buyer’s expertise

While Arbonne International LLC was acquired by the nearly $3 billion Paris-based firm Groupe Rocher this month, it’s business as usual inside its Irvine headquarters, says its chief executive.

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Banks Increase OC Deposits 9%, Cut Jobs

FINANCE: BofA, JPMorgan outgrow top-3 rival Wells Fargo

Banks operating in Orange County are attracting more deposits with fewer employees and branches, based on the Business Journal’s annual list.

After Mistrial II, What Next for Mazzo?

LEGAL: Not unanimous, but all but 2 jurors wanted to acquit

This one wasn’t close. Sort of. The jury in the retrial of longtime Orange County medical-device executive Jim Mazzo failed for a second time to reach a verdict on insider trading charges.

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Q & A

What a difference a couple of months makes. Since President Donald Trump signed the tax reform bill, business-sector optimism has shot up.

Getting a Bank Off the Ground Full of Challenges

Blue Gate’s Walsh Talks Obstacles, Progress

Blue Gate Bank, the first new bank in California since the financial crash a decade ago, celebrated its one-year anniversary in January. What was the first year like?

Wells Fargo’s New OC Chief Explains Strategy

Bank Strives To Overcome Past Sins

Keith Kobata is the new face of Wells Fargo & Co. in Orange County, in charge of more than 1,000 employees at the bank’s 79 branches.

Play it Again, Sam

Final dispatch Mazzo Mistrial II …

Systems Go: Chronic Tacos Charts Overseas Growth

RESTAURANTS: Big in Japan? Chain to find out

Yesterday Aliso, tomorrow the world.

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Ad Shop Plays With Cutting-Edge Tech

MARKETING: Sees opps where rivals fear to tread

Think of Super Toy Box as a digital ad shop that picks up technology-heavy assignments traditional advertising agencies tend to shy away from.

This CFO Earned His Pay

Alteryx’ Rubin Managed IPO, Acquisition, Global Expansion

About a month before Alteryx Inc. filed its March 2017 initial public offering, Chief Financial Officer Kevin Rubin was on a flight to the Czech Republic with Chief Executive Dean Stoecker to hammer out a deal to acquire metadata management and oversight specialist Semanta.

TTM’s Schull is Mr. FinTech

Award Makes Statement About His 35 Years

Todd Schull’s 35-year career as a top finance executive crisscrossed the nation.

Making the Switch

Orangewood’s Luker Came West, Got ‘Itch to Do Good’

When John Luker decided to work full time for a nonprofit organization, he figured it would be a short-term stint. That was more than 16 years ago.

Opus Bank Splits CEO/Chair Roles for Governance

FINANCE: Gordon drops title he held since founding

Stephen Gordon is no longer chairman of Opus Bank, which he co-founded in 2010.

Work Not Done

Ambry’s Martinson Gravitated to Biotech, Life Sciences Clients

Genetic diagnostics company Ambry Genetics Corp. concluded the year with a large corporate change, completing its up to $1 billion sale to Japanese printer maker Konica Minolta Inc.

Ingram Chief Bullish on IoT, Cautious on Blockchain

Monie Says Packaged Vertical Offerings a Driver

Count the chief executive of the world’s largest technology products distributor among the throngs of blockchain skeptics.

Digital Patient Communication Platform Gets Partner

MeU Care Adds PatientPoint Connect

Healthcare providers are increasingly incorporating technologies to provide better care at lower cost.

Lido House Aims for Less Formality, More Coastal Vibe

Newport Beach Boutique Opens in About a Month

Don’t expect visitors to Newport Beach’s Lido House, R.D. Olson Development’s soon-to-open hotel near Lido Marina Village, to confuse the 130-room boutique property with the last big hotel to open in the city, Irvine Co.’s swanky The Resort at Pelican Hill.

PacLife Celebrates Sesquicentennial This Year

Insurer Started in Sac, Moved to NB in 1972

Pacific Life in Newport Beach plans to celebrate its 150th birthday all year long.

Sites Seek Retail Cure for Social Media Follower ROI

New Dogs, Old Tricks; Online Retail to Stores

An Anaheim media firm is pushing into stores products by one of its pet-focused web platforms, a somewhat counterintuitive move, given current retail currents, which could also illustrate the financial limits of like-clicking marketing—namely, whether a company’s social-media community translates into revenue.

Cove Fund on UCI Campus Closes Second Fund

Raised $12M; Fund Not Limited to UCI Tech

The Cove Fund recently closed its second fund at over $12 million.

Agents Bring Homes to Clients, Thanks to Technology

Virtual Reality Offers New Remote Viewing Prospects

High-resolution photography and striking high-definition videos, in addition to the written description of a home, enhance the online house-hunting experience.

Real Estate Deals

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

Karal Ltd. leased an office building to Sheward & Sons & Sons. The price and term length were undisclosed.

OCBJ Calendar

Feb. 26-March 7, 2018

This week's business and other event listings.

Business Bites

Other items of interest Orange County Business Journal Vol. 41, No. 9

Irvine-based Sunwest Bank elevated Carson Lappetito from chief operating officer to president.

RSI’s Home Sale to Lyon Brings Total to $1.5B

REAL ESTATE: Homebuilder deal on heels of cabinet division

For Ron Simon, the cost of home upgrades trumps the value of a new home itself, based on the Newport Beach business leader’s two recent blockbuster sales.

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The Executive v. The Ballplayer

For the second time in a year, the fate of Jim Mazzo is in the hands of a federal jury. Prosecutors are still alleging the founder and former chief executive of Advanced Medical Optics violated insider trading laws by telling his friend and Laguna Beach neighbor Doug DeCinces that his company was being bought by Abbott Laboratories.

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Pacific Premier’s Big Buy Wins Fans

Banc of California’s Future Plans Get Cool Reception

Wall Street likes the future plans of Pacific Premier Bancorp (Nasdaq: PPBI). It gave a thumbs down to the road map of rival Banc of California Inc. (NYSE: BANC).

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Allergan to Shed More Irvine Space as Cuts Continue

Drugmaker’s Main Campus In Line for Creative Makeover

Allergan PLC plans to vacate and sell three offices at its sprawling Irvine campus near John Wayne Airport, in the latest sign of retrenchment for the local operations of the drug-making giant.

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