Orange County Business Journal


Real Estate Deals

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

An apartment complex in La Habra was sold to Schroeder Investment Partners Inc. for $5.7 million, or about $220,000 per unit.

Angels Push Back on Mixed-Use Plan Near Stadium

LT Global Awaits City EIR Decision, Council Vote

It looks like the biggest battle the sputtering Los Angeles Angels of Anaheim will have on their hands over the next few months will involve potential development of a 14.8-acre site next to their stadium.

Nonprofits Face Shifts in Leadership, Media

Orange County’s nonprofit groups are starting to grapple with the kind of leadership changes that larger organizations in longer-established commercial centers already have been through.

Crystal Clear

Tested Leader Takes Sole CEO’s Post at Alliance

Alix Hobbs stepped into a new situation when she took the helm of the nonprofit Crystal Cove Alliance last month—and not just from her perspective.

Porsche Dealer Plans To Raise Profile On Mariner’s Mile

AUTOS: 11 lots would be consolidated along PCH

AutoNation Inc. is eyeing the Mariner’s Mile area of Newport Beach as the new home for its Porsche dealership.

$150M Sale of MV Medical Offices Sets Benchmark

REAL ESTATE: 4 buildings near Mission Hospital total 263,000 SF

A four-building collection of medical office properties surrounding Mission Hospital in Mission Viejo has changed hands for the second time since 2014 in what looks to be Orange County’s biggest office sale so far this year.

Girl Scouts Seek Cash for STEM-Inspiration Effort

Seek $5 Million For NB Program, Center

The Girl Scouts of Orange County is building a $3.9 million Leadership Center in Newport Beach as part of an interactive program intended to give its scouts confidence and career opportunities.

Private Foundations Boost Overall Giving By 23%

Combine to Donate $180M, Increase Local Gifts 46%

Orange County’s private foundations gave more locally and overall in their most recent fiscal years.

Corporate Foundations Boost Giving 1.4% to $1.3B

OC Contributions Up 5% To Nearly $20 Million

Corporate foundations active in Orange County continued what’s now a six-year trend of increasing overall cash contributions to OC charities.


Award-winning charter school NOVA Academy Early College High School unveiled its new four-story, 37,000-square-foot educational facility in Santa Ana on Aug. 22. It purchased the building last fall for $8.3 million. Opening ceremonies included the cutting of a red ribbon on the front doors of the school, student speakers, and tours of the building.

Masimo Gives on Zika; Great Park’s New Leathernecks

Orange County’s community of business plays a big part in the impressive array of philanthropic groups and nonprofit organizations that operate here, as you’ll find on our front page and in the Special Report that starts on page 15 …

ARES Spends Close to $100M for Fullerton Rentals

REAL ESTATE: To renovate 421 units built in 1972, add 40

Irvine-based apartment investor Advanced Real Estate Services Inc. has made one of the largest local property buys of the year, for a 421-unit rental complex in Fullerton.

Angelo Gordon Leads $30M Laguna Hills Office Buy

REAL ESTATE: Deal retains Lincoln Property as investor

A recently renovated four-story office just off the San Diego (I-5) Freeway in Laguna Hills has a new owner.

Publisher Aims To Buy Orange Coast

MEDIA: Parent puts glossy on block in plan to go private

The publisher of Orange Coast magazine hopes to put together a deal to purchase the monthly magazine and its ancillary operations in the wake of Indianapolis-based Emmis Communications Corp.’s announcement that it wants to sell the title.

Irvine Hilton Sells to LA-Based Buyer

Infinity Realty Advisors in Los Angeles said a client bought the 306-room Hilton Irvine/Orange County Airport.

UCI Law School Adds Degree Program

The University of California-Irvine School of Law is accepting applications for a new master’s law degree for non-American lawyers.

Swimwear Maker Appoints Chief Exec

Manhattan Beachwear Inc. in Cypress named Kevin Mahoney chief executive, replacing founder Allan Colvin, who recently retired from day-to-day duties at the swimwear designer and manufacturer.

Chapman Business School Dean to Leave

Reginald Gilyard, dean of Chapman University’s George L. Argyros School of Business and Economics, announced plans to step down at the end of the academic year in May to pursue his passions of helping low-income people and working on military veterans issues.

Plenty of Taste Temptations Pop Up Around County

Food Hall to Join Growing List of Poke, Burger Spots

Trends are exploding all over the county.


Other items of interest Orange County Business Journal Vol. 39, No. 36

Australia-based online retailer SurfStitch Group Ltd. said a wave of recent losses have prompted it to delay a global rebranding effort that would have consolidated its online operations into a single website named after its e-commerce subsidiary in Irvine.

Students’ Social Media App Attracts 10K Users

Cross-Promotion, Ad Placements Drive Venture

A student entrepreneur team at Chapman University’s Launch Labs—an incubator in the Argyros School’s Leatherby Center for Entrepreneurship and Business Ethics—recently launched its app and has been admitted to the Plug and Play Tech Center in Sunnyvale.

Western Dental Fills Out Senior Executive Team

New Chief Dental Officer In String of Recent Hires

Western Dental Services Inc. in Orange named Dr. John Luther chief dental officer to replace Dr. Ronald Inge, who left in April to take a similar position with Delta Dental of Missouri in St. Louis.

Mazda’s ‘Jinba Ittai’ Auto Show Presence Like Its Cars

Integrated Message To Mirror Car-Driver Unity

Mazda North American Operations hired experiential marketing agency George P. Johnson in Torrance to redesign its auto show booths for the upcoming season, which kicks off in October at the Anaheim Convention Center.

OCBJ Calendar

Sept. 5-14, 2016; Sept. 22, 2016

This week's business and other event listings.

Retail Market Inches Way Up in Q2

The Orange County retail market has had a stable year of gradually recorded improvements.

Startups Get Coveted Audience With Conglomerate

Four at EvoNexus Pitch In Huawei Exec Sessions

Three startups housed at the EvoNexus incubator at University Research Park and another startup based in Irvine held private meetings with representatives from Huawei Technologies Co., one of the largest diversified electronics makers in the world.

Real Estate Deals

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

Tropical Holdings LLC and Ruffin Tech Center Ltd. sold a restaurant building in La Habra for $3.3 million, or about $598 per square foot.

Donahue Schriber Makes Retail Buy in ‘Silicon Forest’

New Beaverton Center Trades for Reported $101M

Costa Mesa-based shopping center owner and developer Donahue Schriber Realty Group has paid top dollar for a recently built property just outside Portland, Ore.

New Luxury Car Player Shifts Into D

AUTOMOTIVE: Hyundai spinoff Genesis presents self as differentiator

The recently established Genesis Motors USA in Fountain Valley is technically a rookie company on the automotive stage—just don’t call it that.

Elizabeth Engages; OC’s Asian Edge

Maria Hall Brown is the talent behind KOCE’s upcoming documentary on the late Henry Segerstrom, and the Insider hears that her project has attracted the keen interest of Elizabeth Segerstrom, who’s joined Sandy Segerstrom Daniels as co-managing partner at C.J. Segerstrom & Sons and its South Coast Plaza since her husband’s passing last year … 

TRI Pointe Plans Townhomes at Nabisco Site

REAL ESTATE: Buena Park land bought from City Ventures

Irvine-based homebuilder TRI Pointe Group Inc. has taken over ownership of a prominent residential development site in Buena Park that previously held a Nabisco food manufacturing facility.

Print, Online News Companies Take Opposite Paths

MEDIA: Web-based venture adds site, print paper regionalizes

Opposing forces are playing out in the OC media industry as a print-based operation merges mastheads while expanding geographic coverage, and a localized, online-only venture starts spreading out along the coast.

Irvine Firm Crafts Universal USB Logo

BrandingBusiness in Irvine developed a logo that will help distinguish USB chargers certified by USB Implementers Forum Inc. as compatible with devices that use smaller Type-C USB ports, including laptops, tablets, smartphones, docking stations and other products.

Paper Trail for Digital Pioneer

How 95-Year-Old Company Stays Ahead of Curve in Orange

Paper Mart has a simple key to its 95 years as a family-owned business: Be adaptable.

Shopoff Sees Long Haul on Redevelopment in HB

REAL ESTATE: Parcel along coast goes for $925,000 per acre

Bill Shopoff’s largest local acquisition in over five years—a former oil storage facility in Huntington Beach—could prove to be the most challenging entitlement project yet for the Irvine-based real estate investor and developer.

Swimwear Maker’s Bet on Other Categories Pays Off

APPAREL: LSPACE grows sales 1,685% in 8 years with ‘easy’ duds

LSPACE America LLC in Irvine, following cues from the fashion industry, widened its focus a couple of years ago to include “easy-to-wear” apparel along with its signature swimwear, and the move appears to be paying off.

Logistics Outfit Goes Big on North OC Industrial in HQ Shift

REAL ESTATE: 441,000-SF deal in Fullerton biggest lease this year

Third-party logistics services provider 3PL Global LLC is expanding its Orange County presence and shifting its headquarters to Fullerton after signing the largest industrial lease here this year.