Orange County Business Journal

OCBJ WEEKLY EDITION

Services: Tanya Domier

Why Advantage Solutions’ Boss Chose to Lean In

Advantage Solutions’ Tanya Domier nearly turned down a job leading one of Orange County’s largest private companies.

Hospitality: Michael Colglazier

Disney’s Man With Expansion Plan

Michael Colglazier joined Walt Disney Co. fresh out of Stanford University.

Real Estate: Scott Stowell

Change in Standard Operating Procedure Puts Homebuilder Among Top 5 in Nation

The largest homebuilder based in Orange County got a lot larger on Scott Stowell’s watch last year.

Technology: Scott McGregor

Chipmaker’s $37B Price Represents Premium After Decade at Helm

It’s a bit of an understatement to say Broadcom Corp. Chief Executive Scott McGregor is leaving on a high note.

Healthcare: Joe Randolph

Vision of Innovation Institute Comes Into Focus

Joe Randolph is known as a risk taker.

Favorite Dining Choices to Help Start 2016 Off Right

Plus Fifi’s Rundown Of Departures, Newcomers

As I start the new year, I think back on good food I’ve had and what I look forward to now.

PHILANTHROPY

Seven hundred Pacific Investment Management Co. employee volunteers, friends and family members gathered at the OC Fair & Event Center in Costa Mesa on Dec. 12 to pack 16,000 holiday meals for Southern California families in need.

ADDENDUM

La Jolla Group LLC in Irvine acquired an equity stake in Laguna Beach-based apparel maker Roark Revival for an undisclosed amount.

OCBJ Calendar

Jan. 4-13; Jan. 21, 2016

This week's business and other event listings.

Fantasy Sports Startup in Lineup for Sacramento Lobby

FantasyAces Teams With Rivals to Press Lawmakers

Aliso Viejo startup FantasyAces LLC is working with the sector’s biggest players to press state legislators to enact regulations in California on the booming daily fantasy sports segment.

KBS Eyes Charlotte Market With $147M Tower Buy

Deal Would Be First Office In City for NB Investor

An affiliate of Newport Beach-based KBS Realty Advisors is under contract to buy a 24-story office tower in Charlotte, N.C.

Real Estate Deals

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

Cal Receivers sold an apartment building in Tustin to Nisson Road LLC for $3.5 million, or approximately $150,000 per unit.

Movies Part of Pacific Mercantile’s Move

Recast Puts Emphasis on Relationships, Convergence of Tech, Entertainment

Pacific Mercantile Bank is a different kind of bank as 2016 approaches.

Paddling Along

MEDIA: Rumors of print’s demise have been exaggerated

The fate of the Orange County Register will likely begin to take shape early next year with the expected bankruptcy auction of Freedom Communications Inc., the daily newspaper’s Santa Ana-based parent.

2016 Preview: OC Poised to Set Pace

Orange County’s recovery has gone from the Great Recession to a moderate recovery and onto a leading place in Southern California’s return to economic health over the past year.

Advantage Sees New Name as Solution

MARKETING: Change reflects turn toward digital as company nears $2B

Advantage Sales and Marketing LLC has outgrown its name.

PacSun Eyes HQ Sale to Raise Cash

REAL ESTATE: Company would lease back Anaheim property

Pacific Sunwear of California Inc. is exploring a sale of its Anaheim headquarters in an effort to raise cash.

Expect Sparks to Go Sooner; Kelly’s Tour de Fleur

Tough to top the New Year’s plans of a couple of the best of the better halves around these parts.

Lido Village Waterfront Office Bought for Redo

REAL ESTATE: Burnham pays $16.6M for Olen sites

Burnham USA is the latest developer looking to help revamp the Lido Village area of Newport Beach.

Microsemi Prepares for Expected Lift From PMC

TECHNOLOGY: Execs say breathes life into storage efforts

Microsemi Corp. has wasted little time in initiating its game plan after buying chipmaker PMC-Sierra Inc. for $2.5 billion.

Jacobs Buys Rail Specialist in Orange

Jacobs Engineering Group Inc. in Pasadena has acquired Orange-based J.L. Patterson & Associates Inc. on undisclosed terms.

2016 Preview: FINANCE

Orange County banks can expect to see local businesses take a more proactive approach to growth plans next year, according to Ted Tragos, a market manager with Bank of America Merrill Lynch.

2016 Preview: REAL ESTATE

Expect to see a lot more construction cranes join the skyline this year.

2016 Preview: HEALTHCARE

Hospital affiliations, after being overshadowed by large deals involving Allergan Inc., which was based in Irvine, are poised to come back as a major activity to watch as 2016 begins.

2016 Preview: TECHNOLOGY

Several uncertainties cloud the outlook for Orange County’s tech scene in the new year.

2016 Preview: HOSPITALITY

Look for continued strength in the hotel market here in 2016, with additional gains at the operating level bringing another brisk year for sales.

2016 Preview: RETAIL/MARKETING

Retailers will likely continue to search for new ways to connect with their customer bases, providing services that add to the shopping experience at brick-and-mortar stores—touches such as valet parking, concierge or personal shopping services.

ADDENDUM

Other items of interest Orange County Business Journal Vol. 38, No. 51

Footwear manufacturer OluKai Inc. in Aliso Viejo acquired Newport Beach-based eyewear brand Kaenon for an undisclosed sum.

More Luxury Homeowners Create Own Private Spas

Stereos, Steam, and Smart Big As 2016 Approaches

"Today’s master baths are becoming places to linger,” says award-winning interior designer Lisa Dunlevie of Dunlevie Interiors in San Juan Capistrano.

OCBJ Calendar

Dec. 21-28, 2015

This week's business and other event listings.

Deals Bolster Edwards’ Capacity on Mitral Valves

Harpoon Investment Follows CardiAQ, IP Acquisition

Edwards Lifesciences Corp.’s investment in Baltimore-based Harpoon Medical Inc.—announced this month, with an option to buy the startup—is the latest of several deals by the Irvine device maker over the past 12 months to bolster its portfolio of mitral heart valves.

Asics Pulls Sponsorship of Another Major Marathon

Shoe Brand Still Backs Dozens of Other Races

Asics America Corp. said its last sponsorship of the TCS NYC Marathon will be next year, ending a relationship that commenced 25 years ago with the inaugural race, which drew fewer than 100 people to New York’s Central Park and has grown into an event with more than 500,000 runners.

TTM Streamlines, Shifts Leadership in Year-End Move

Lays Off 80 More, Now Has 3 Main Business Lines

The nation’s largest printed circuit board maker will enter 2016 with a spate of new executives leading newly defined market segments.

Real Estate Deals

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

Arrimus Multifamily Capital LLC sold Coast Apartments in Costa Mesa to the Cypress School District for $20.1 million, or about $308,000 per unit.

Greater Airport Area Industrial Market Posts Solid Q3

The Greater Airport Area industrial real estate market performed well in the third quarter and is projected to finish out the year strong.

Newport Dunes Land Could See Pair of Hotels Built

275 Rooms,‘Value-Oriented Accommodations’ Planned

Brighton Management LLC, an Irvine-based hotel developer and manager, is looking to double down on plans at the Newport Dunes marina property in Newport Beach.

New Flight Path for PacLife Aircraft Subsidiary

Tran Tapped as CEO; IPO Under Consideration

The new year will see Khanh Tran go from chief advocate for Aviation Capital Group to chief executive of the aircraft leasing company.