OCBJ WEEKLY EDITION
REAL ESTATE: Warehouse buy latest break from creative offices
Bixby Land Co., one of the area’s most active developers of creative-office space, is putting more of its money into Orange County’s industrial market.
Anyone else hear about a longshot push for Big Canyon resident A.G. Kawamura as Secretary of Agriculture in the pending Trump Administration?
HEALTHCARE: Veteran pharma exec envisions investment ‘hub’
Doug Ingram is on to the next thing.
HEALTHCARE: NB-based chain shifts to collaborations
Newport Beach-based Integrated Oncology Network Holdings’ treatment center in Beverly Hills will be fully incorporated into Cedars-Sinai Medical Center, a nonprofit 886-bed academic medical center in Los Angeles.
A leading amusement industry group has established a memorial scholarship fund to honor Al Weber, who founded and led Apex Parks Group LLC in Aliso Viejo until his death on Nov. 8.
Los Angeles-based American Apparel LLC said a $66 million bankruptcy sale to Gildan Activewear Inc. could help it stave off a round of layoffs, including of 332 workers at its dye house in Garden Grove.
California State University-Fullerton’s Mihaylo College of Business and Economics will launch an investment management center with a private grand opening on Dec. 2 that will recognize a $1.5 million gift from alumnus Jeffrey Van Harte, chairperson and chief investment officer of San Francisco-based Jackson Square Partners LLC.
Nine University of California-Irvine researchers were named fellows of the American Association for the Advancement of Science.
Allegro Ophthalmics LLC in San Juan Capistrano appointed Bill Link to its board.
Nonprofit group Project Access honored Mazda at its 11th Annual Keys to Success Gala and fundraiser amid a collection of timeless automobiles at Crevier Classic Cars in Costa Mesa.
Other items of interest Orange County Business Journal Vol. 39, No. 48
Santa Ana College’s International Business Program received the Responding to Globalization award on Nov. 17 at the Orange County Business Council’s sixth annual Turning Red Tape Into Red Carpet Awards.
Nov. 28-Dec. 7, 2016
This week's business and other event listings.
Fast Grower Aims To Supplement Test Revenue
Irvine-based Proove Biosciences wants to diversify its lineup of offerings to complement the tests it provides to help physicians evaluate pain tolerance and identify risk for dependence and addiction.
Sings Praises of Niro Via AI-Powered Text Chats
Kia Motors America Inc.’s new Niro hybrid SUV is getting lots of marketing attention these days.
Startup Says Device Uses NSA-Endorsed Technology
Irvine startup Webcloak is nearing a deal with a national retailer to distribute its USB device, which it says allows users to anonymously browse the web and prevent viruses, data theft or identity breaches.
Sales and leases of offices, industrial buildings, retail space and apartments
AMZ Properties sold an industrial building in Anaheim to 4340 E. Miraloma LLC for $6.4 million, or about $170 per square foot.
Tech Coast Angels Unit To Hunt Specialized Investors
The Orange County chapter of Tech Coast Angels recently formed a medical device and lifesciences division to engage in more medical device deals, with the goal of increasing its ranks of accredited investors with medical device expertise to facilitate such deals.
Retail, Office About Done, Hilton Hotel Year Away
Lynwood-based developer M&D Properties is gearing up for the opening of The Source, its big mixed-use development in Buena Park.
Grow Local Workforces 2.5% to 273,000, Up 3.5% Companywide
Orange County’s biggest employers continued to expand their workforces over the past year, though at a slightly slower pace than last year.
Beverage Chain Brings Asian Recipes, Complementary Approach to Market
7 Leaves Cafe will happily follow in Starbucks Corp.’s footsteps.
Price for 40 Acres in Tustin Could Top $73M
Orange County’s first ground-up creative-office campus looks likely to break ground in mid-2017 under terms of an agreement between the city of Tustin and the developer of the project, which is called Flight.
REAL ESTATE: Looks to be first buy here for SD-based investor
An investor from San Diego has bought the Village at Orange shopping center in one of the largest reported retail deals in Orange County this year.
AUTOS: Carmaker forms IT ‘subdivision’ at FV headquarters
Here’s what the world didn’t see when Hyundai Motor America Inc. showed off its first self-driving vehicle at the Los Angeles Auto Show last week:
Word that Hillary Clinton became the first Democrat to carry Orange County since Franklin Roosevelt might just have you ready to consider another stereotype-buster for this place that boasts an airport named after John Wayne: The two men who built the Irvine-based Too Faced makeup brand into an outfit that fetched $1.45 billion in last week’s sale to Estee Lauder counted “unabashed girliness” as an inspiration (see related report, page 8) …
REAL ESTATE: Estimated $50.5M for Santa Ana building
One of the high-end office buildings in the Hutton Centre mixed-use campus in Santa Ana has been sold to an investor from San Diego.
SPORTS: Sold out 6-game schedule at 1,250-seat venue
Orange County’s professional tennis team is up for sale.
CONSTRUCTION: Expected to bring 800 trade jobs over 6 years
The Irvine office of OHL USA Inc. is part of the joint venture whose $1.2 billion bid for the I-405 Improvement Project was deemed “best value” last week by the Orange County Transportation Authority’s board of directors.
REAL ESTATE: Will aim to build broker roster, Asia links
Sperry Commercial Global Affiliates LLC, an Irvine-based commercial real estate brokerage that started operations this summer, has hired the former mayor of its hometown to beef up its presence in Asia.
A unit of Golden State Foods Corp. in Irvine created a company to run a food distributor that it bought in June.
Providence St. Joseph Health in Irvine plans to expand its home healthcare services franchise offerings by 50% over the coming year.
Blossom, a startup based at The Cove in University Research Park, was acquired by Marysville, Ohio-based The Scotts Miracle-Gro Company. Terms of the deal hadn’t been disclosed.
Gavin and Ninetta Herbert will give $5 million to the Gavin Herbert Eye Institute to back retinal research in diseases that include glaucoma, diabetic retinopathy and retinal detachment.
Too Faced Cosmetics LLC in Irvine will sell for the second time in 18 months, in a deal pegged at nearly $1 billion more than last year’s price tag.
Emerald Expositions LLC in San Juan Capistrano last week acquired the RFID Journal LIVE event and several related regional expos from RFID Journal LLC in Hauppauge, New York on undisclosed terms.
New Online Auction Site Cuts Out Middlemen
Rancho Santa Margarita-based online auction company MyDiamondAuction.com recently opened to individuals to give those who own diamonds access to what it says are the world’s largest diamond-buying companies.
Other items of interest Orange County Business Journal Vol. 39, No. 47
Boeing Co. plans to move 2,500 jobs from Huntington Beach in the next four years, leaving a fraction in Seal Beach while the majority go to El Segundo, Long Beach, St. Louis and Huntsville, Ala.
About 160 on OC Market, Two Priced Above $4M
The Orange County luxury housing market, defined in the real estate industry as the top 5% of homes sold in a given quarter, regularly sees single-family homes garner $5 million, $10 million and even $20 million.