Orange County Business Journal


Agency Spreads Own Brand Around Globe

MARKETING: Links with London, Hong Kong shops for B2B work

BrandingBusiness helps companies in transition develop market strategies—the stories they tell to customers and employees. Now other agencies are taking note of the Irvine-based firm’s own brand proposition and adopting it as their nameplates.


More than 800 leaders of the Orange County legal community celebrated the Public Law Center’s 35 years of helping the county’s poorest and most vulnerable residents at Hotel Irvine on June 20.

VC in OC: Often Starts in Silicon Valley

STARTUPS: Observers say stronger deal flow needed here

Udi Dorner consulted Wikipedia when he needed a list of venture capital firms in Orange County. The managing partner of Irvine-based startup SetSchedule was looking to raise $3 million in venture funds for a Series A round for the technology and marketing startup that connects real estate agents with homeowners and buyers.

Software Consultant Focuses on Hot ‘Reality’ Services

‘Uber’ of Engineers For Virtual, Augmented Needs

A startup that’s capitalizing on the hot trend of virtual reality and augmented reality recently launched a service that provides software engineers who specialize in those areas.

CSUF Index Drops On Election-Year Uncertainty

ECONOMY: Brexit, Fed also factors in 3-year low

Orange County business owners have lowered their expectations for growth in the third quarter, a posture that appears likely to continue through the presidential election toward year-end, according to the California State University-Fullerton’s Orange County Business Expectations Survey.

Next Act for Cylance: Consumer Market

TECHNOLOGY: Citigroup among backers of cybersecurity specialist

One of Orange County’s fastest growing companies is crafting a strategy to claim new ground with a push into the consumer market.


Other items of interest Orange County Business Journal Vol. 39, No. 29

Two reports by University of California-Irvine researchers show most job growth in two decades in Southern California originated outside of central business districts.

Built Orange County Tilts Mod Again in Brutalist Surge

Office Buildings, Former Crystal Cathedral Get Treatments

Brutalism, a mid-20th-century architectural style, appears aggressive—even violent—but broke ground when Swiss architect Le Corbusier described the design look he sought: “béton brut” or “raw concrete.”

OCBJ Calendar

July 18-27, 2016

This week's business and other event listings.

Tenant-Improvement Work Tops $900 Million Here

30 Firms Do $909M In Work, Grow Revenue 16%

Orange County’s 30 largest tenant-improvement contractors continued to grow last year, combining for $909 million in local work.

Analysts Open Edwards Coverage With Neutral Rating

Caution High Valuation Could Suffer With Slip-Up

Edwards Lifesciences Corp.’s effort to create a “catheterized revolution” in heart valve treatment has landed it new institutional analyst coverage.

Apparel Maker Rocks Out in the Recording Studio

Altamont Adds Indie Punk Records to Its Lineup

Lake Forest-based Altamont recently added music producer to its duties as a skate apparel manufacturer—perhaps not a surprise for a label named after a 1960s rock festival.

High-Rise Office Market Healthy in Q1

The high-rise office market in Orange County ended the first quarter with steady demand, resulting in 402,030 square feet of positive net absorption.

OC-Rooted Software Makers Acquired Behind Scenes

Epicor Originally in Irvine, Dell Unit Came From Quest

Two software makers with deep roots in Orange County that helped develop the industry here quietly changed hands in private equity deals.

Invesco’s Aliso Holdings Top $200M With Latest Buy

UST Global Offices Sold By LBA for About $33M

Dallas-based institutional investor Invesco Real Estate has added another big office in Aliso Viejo to its portfolio, its third reported purchase in the city in a little over a year.

Real Estate Deals

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

The Law Office of David C. Stone signed a three-year lease extension at 300 S. Harbor Blvd. in Anaheim.

Emile, Larry Show 2 Sides; Stylish Symbol at Santa Ana College

The Orange County Forum served up humor, straight talk and useful insights at last week’s Housing Outlook 2016 at the Hilton Irvine, where FivePoint Communities CEO Emile Haddad and Larry Webb, his counterpart at New Home Co., joined the Business Journal’s Richard Reisman for a chat.

Trout Turns Pitchman on Smart Bat

Angel Star Endorses Model With Data Sensor

Mike Trout is part of an effort to bring America’s Pastime into the age of data with the game’s first smart bat.

More AC in Store

New PHG Fund Aims for Marriott’s Boutique Brand

The same $125 million fund that accounted for Irvine-based Pacific Hospitality Group’s recent commitment to buy the AC Hotel that’s rising in the Park Place mixed-used development, just a short hop from its headquarters, is aimed at adding another handful of the boutique brand properties as they roll out in the next few years.

Martin Gets to Core of Community in Orange County, Inc.

UC-Irvine Librarian Lorelei Tanji hit upon a point that you’ll regularly find under the Business Journal’s front-page banner during her opening remarks to a crowd of about 300 who gathered at the Beckman Center last week to celebrate the debut of Chuck Martin’s coffee-table tome,

Creative-Office Makeover Draws SpaceX Outpost

REAL ESTATE: Would-be pioneer seeks engineers here

Elon Musk’s SpaceX has touched down in Irvine.

Recapitalization, New Board for CalWest Bancorp

FINANCE: Some of $14M infusion to pay off TARP

Irvine-based CalWest Bancorp, the holding company for South County Bank N.A., has six new directors and $14 million in new capital as it looks to get back on a growth track.

Younger McKnight Wants Own Niche

APPAREL: Cuater seeks new status for belts in men’s fashion

The son of Quicksilver founder Bob McKnight has launched an upscale belt maker targeting wearers of surf apparel.

System to Put $100M into Mental Health

The newly formed Providence St. Joseph Health said it’s launching a $100 million effort toward improving mental healthcare in communities it serves.

Sporting Goods Maker Buys Sector 9

Bravo Sports Corp. in Santa Fe Springs bought Sector 9 in La Jolla on undisclosed terms.

VR Content Maker Takes in $20 Million

Laguna Beach-based virtual reality content maker NextVR Inc. raised $20 million from CITIC Guoan Information Industry, a state-owned investment firm in China.

Heart Valve Maker Names Board Member

Irvine-based Edwards Lifesciences Corp., a maker of replacement heart valves and other cardiovascular devices, named Leslie Heisz to its board of directors, bringing it to nine members.

MemorialCare Strategy Pays Off in Boeing Contract

HEALTHCARE: New service option for aerospace workers

MemorialCare Health System’s ongoing effort to diversify care delivery has reached a large Orange County employer with a tailored offering of services, and the Fountain Valley-based provider sees the possibility for similar deals in the future.

Fintech Firm Brings Mercedes Tie To ‘Next Gen’ Campus

REAL ESTATE: 1st tenant at spec development takes 27,000 square feet

Irvine Company has landed a startup financial technology company with a brand-name backer as the first tenant at a pair of buildings the landlord is putting up at its Sand Canyon Business Center office campus.

OC’s Luxury Market Heats Up in Summer Sunshine

32 Deals Top $4M In June; 2 Exceed $10M

Thirty-two home transactions above $4 million closed in June, including two that captured sales prices above $10 million.

Young’s New Venture Features Broad View of Big Projects

REAL ESTATE: Former Irvine Co. exec on to own deal with Camino

Dan Young plans to go big with his next development venture.

Appointments Sale Service Gets $2M for Platform

Helps Companies Make Cash on Unbooked Slots

A Newport Beach-based startup that helps small businesses book their unscheduled appointments during slow and off-peak periods just closed a $2 million-plus “Series Seed Preferred” round with preferred shares for investors that typically would be offered in a Series A raise.


Numerous changes occur in the U.S. financial accounting and reporting standards each year, but only a handful affect every company—large or small, technology-based or traditional service providers— and one of those takes effect soon.

Accounting Firms Expand for Fifth Consecutive Year

Boost Employment By 6%, Big Four Again Lead Pack

Orange County’s largest accounting firms combined to grow the industry’s local work force by 6% over the year through June for the fifth consecutive year of gains as the economy and business regulation expanded.

Management Consultants Continue Growth in OC

Local Employment Up 9%, Firmwide Staff Rises 19%

Orange County’s top management consulting firms experienced 9% growth to employ about 1,760 locally in the year ended June 30, many of them adding staffers.


Other items of interest Orange County Business Journal Vol. 39, No. 28

University of California-Irvine and the other schools in the UC system increased the number of California-based students they offered admission for the year starting in the fall.

Masimo Gets OK for Device That Moves With Patient

Says Monitor Avoids False Readings of Past Products

The Food and Drug Administration closed out June with a pair of approvals for an established Orange County medical device maker and a startup.