Orange County Business Journal

OCBJ WEEKLY EDITION

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Newport Corp. Sees Potential Amid Tumult in Israel

TECHNOLOGY: Bought fiber laser maker as conflict flared

The recent growth of Newport Corp.’s operations in Israel underscores the tenuous balance of investing in a global technology hub that’s under constant threat of warfare.

OC Training Ground for Safety Gear Maker

MANUFACTURING: Third in U.S., first on West Coast

Capital Safety, a manufacturer of height-safety equipment, is counting on its new training center in Tustin to better respond to growing demand from industry professionals in California and on the West Coast.

Laguna Cliffs Inn Goes Local With Renovation Plan

HOSPITALITY: Name change could accompany retro makeover

The new owner of the Laguna Cliffs Inn plans to emphasize what it calls the unique qualities of its location with a $1 million renovation of the 36-room boutique hotel.

Public Relations Firms Combine for 7.5% Jobs Increase

MEDIA: New clients, more social media work drive gain

The biggest public relations firms based in Orange County combined to employ 416 staffers as of July, a 7.5% year-over-year increase.

Pignatelli Resigns From Biolase Board

Federico Pignatelli, a director of Irvine-based Biolase Inc., resigned from the company’s board and withdrew his nomination for election at its upcoming annual meeting.

Confie Makes Trio of Brokerage Buys

Huntington Beach-based Confie Seguros Insurance Services Inc. acquired three brokerages to add to its growing list of offices nationwide. Terms were undisclosed for all three transactions.

Software Maker Bought By Texas Firm

A company in Austin, Texas, acquired San Clemente-based Benesan Corp., which makes specialized software for in-home, nonmedical patient care.

NB Cosmetics Maker Plans First Store

Urban Decay Cosmetics LLC plans to open its first stand-alone store this fall at Fashion Island.

Arts Center Names Mazzo to Board

The Segerstrom Center for the Arts in Costa Mesa said James Mazzo is a new member of its board of directors.

Fastest-Growing Private Cos. Wanted for List

ECONOMY: Centerpiece of Sept. 22 Special Report

We know you’re out there.

ADDENDUM

Other items of interest Orange County Business Journal Vol. 37, No. 32

Evolv Sports & Designs LLC said Bruckmann, Rosser, Sherrill & Co. in New York acquired a majority stake in the Buena Park-based manufacturer of climbing footwear.

Luxury Market Embraces Multigenerational Homes

International Buyers Seek Private-Communal Combo

Overseas buyers are driving the latest luxury homebuilding trend: multigenerational living.

OCBJ Calendar

Aug. 11-20 2014

This week's business and other event listings.

Allergan Keeps Analysts Busy On Possible Scenarios

Company Would Buy With Cash; Docs Eschew Valeant

Irvine-based Allergan Inc.’s ongoing attempt to beat back Valeant Pharmaceuticals International Inc.’s hostile takeover bid has provided plenty of grist for the analyst mill in recent weeks.

Asics Project ‘First In-Event, Real-Time’ TV Ad

Commercial Featured Live Shots of Olympic Swimmer

The newest marketing play by Asics America Corp. has blurred the line between advertising and live television programming.

Smith Micro, Sprint Team to Boost Digital Art Training

Teachers Get Free Licenses for Students’ Designs

Sprint Corp. and Smith Micro Software Inc. have joined forces to groom the next generation of digital artists.

real estate deals

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

Meredith Enterprises sold the Garden Grove Festival Square in Garden Grove for $11.9 million to TN Investments Properties LLC.

Inland Empire Industrial, Office Markets Gain Momentum

The Inland Empire industrial market picked up the pace in the second quarter after a relatively slow start to the year, generating nearly 9.7 million square feet of gross activity.

Sales Hot for Most Expensive Orchard Hills Homes

23 Have Sold for $50M+ In Just Two Months

Orchard Hills’ priciest homes have had strong sales since the Irvine development opened a little more than two months ago.

OC’s Wealthiest

Orange County’s wealthiest person has been putting a fair amount of his fortune back into his business over the past year—but we’re figuring that he’s still likely to have seen a boost to his bottom line of about $1 billion.

Calendar

n Leads Groups (Irvine Chamber of Commerce) Irvine every second and fourth Monday 12 noon Free or $20 (949) 660-9112 www.irvinechamber.com

OCMA Aims for $12.5M Per Acre; All Sorts of Sports

Members of our OC’s Wealthiest list—the centerpiece of a Special Report that starts on page 15— enjoyed a good turn in terms of their finances over the past 12 months, even with the sharp dip for the Dow Jones late last week.

List of Prospects for Allergan Acquisition Emerges

HEALTHCARE: Drug maker could derail hostile bid with deal

Names are emerging as potential buys for Irvine-based Allergan Inc. as it strives to derail Valeant Pharmaceuticals International Inc.’s hostile takeover attempt.

El Pollo Loco Charts Measured Growth This Time

RESTAURANTS: Post IPO, eyes nearly 400 Southwest spots

El Pollo Loco Holdings Inc. will target focused growth in markets similar to where it’s already strong with its well-received public offering under its belt.

Costa Mesa-Based Bank Expands Board

Xavier Gutierrez has joined the board of directors at Costa Mesa-based Commercial Bank of California.

Ahmanson Offers Insight From Heir’s Perspective

Vision, Effort Can Differ From Working Wealthy

Two visitors are ushered into the home of Howard and Roberta Ahmanson.

Vizio Reconsiders Role of Computers in Brand’s Lineup

TECHNOLOGY: Cites weak PC sales, mum on next step

Vizio Inc.’s line of personal computers hasn’t generated the sort of buzz that helped power the quick rise of its high-definition, flat-screen TVs and soundbars.

Investor Gets 4 Brea Offices in North OC Buy Streak

REAL ESTATE: $42M deal adds to $23M in recent buys

Irvine-based real estate investor PRES Cos. has made its second large acquisition in North Orange County this year—a four-building office portfolio in Brea.

La Palma Stands Out on OC Bank Deposits*

BANKING: Further review reveals that $1.9 billion—$120K per capita—isn’t exactly all that

Wealth isn’t always what it seems.

Café Tu Tu Tango Still Tempts Taste Buds for Less

Spanish Menu Served Up in Boho Indy Style

People always ask restaurant journalists: “What is your favorite restaurant?”

ADDENDUM

Other items of interest Orange County Business Journal Vol. 37, No. 31

The Chapter 11 plan for Costa Mesa-based Fisker Automotive Inc. got approval from the United States Bankruptcy Court for the District of Delaware. Wanxiang America Corp. bought the luxury hybrid automaker in February for $149.2 million in a bankruptcy auction and said it wanted to resume production of Fisker’s Karma sedan and a second-generation model.

OCBJ Calendar

Aug. 4-13 2014

This week's business and other event listings.

Beckman Coulter to Keep Siemens Buy Up North

Microbiology Unit To Stay In West Sacramento

Beckman Coulter Inc., a Brea-based maker of diagnostic testing instruments and supplies, is gearing up to digest its newest acquisition.

Vans Props for Secret Missions in New Skate Line Ad

Rapidweld ‘S’ Pack Shoes Celebrate Skating Lifestyle

Vans Inc.’s new skate line, Rapidweld “S” Pack, pays “homage to a culture of classified missions led by the military, the Air Force and beyond.”

Investors Like Package-Access Startup to Tune of $1M

Ex-Irvine Co. Exec Had Idea as Managed Rentals

An Irvine startup that uses electronic lockers and proprietary software to store and access delivered packages has raised more than $1 million from Tech Coast Angels investors as it expands operations beyond Southern California.

real estate deals

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

GGC Inc. sold an industrial building in Santa Ana for $1.6 million to Santa Fe Street LLC, a unit of concrete and asphalt company Allstar Paving Co.

Greater LA Office Market Shows Spotty Progress

The Greater Los Angeles office market had pockets of positive activity in the second quarter, but overall progress was slim.