Orange County Business Journal

WEEKLY EDITION

Innovation Institute Establishes Venture

The La Palma-based Innovation Institute, a provider of business services, products and investment management services to health systems, formed a new staffing business.

BJ’s Introduces Diners-In-a-Hurry App

BJ’s Restaurants Inc. launched a mobile application that aims to reduce customers’ wait times and increase the Huntington Beach-based chain’s sales volume.

QLogic Chairman Passes Unexpectedly

Longtime QLogic Corp. Executive Chairman HK Desai died suddenly June 8 of cardiac arrest, the Aliso Viejo-based networking gear maker said.

Manufacturer Opens Irvine R&D Center

BIT Group, a contract developer and manufacturer of diagnostic testing products, opened a research and development center in the Irvine Spectrum.

OC Community Leaders Join United Way Board

Nine area community leaders were elected to the Orange County United Way board of directors:

ADDENDUM

The University of California-Irvine School of Law earned full American Bar Association accreditation, making it the second school in Orange County with that status.

Report Reveals What Wealthy Homebuyers Crave

Want Waterfronts, Luxury For Primary Residences

A new report on the home-purchasing behaviors of high-net-worth buyers in the U.S., U.K., Brazil and China reveals interesting insights into their needs and desires.

Goodman Birtcher Goes Big With Logistics Center

Inland Empire Site Will Have 1.6 Million SF Built on Spec

Goodman Birtcher in Irvine is getting busy with its plans to become one of the country’s biggest developers of large-scale industrial developments.

Developers Exceed Post- Recession Mark for First Time

Six Firms Finish 1.6M SF, More Than Double Last Year

The opening of new headquarters for two of Orange County’s better-known companies helped the area’s commercial development sector top a square footage mark not seen in six years.

Backlogs Yet to Boost Construction Firms’ Top Lines

Revenue of 27 Biggest Decreases About 11%

A significant increase in the backlogs of Orange County’s largest commercial construction companies didn’t immediately translate into more work for them last year.

OCSA’s Next Production

School Starts on 60,000-SF Addition in Downtown Santa Ana

Orange County School of the Arts supporters, administrators, teachers, students and parents gathered for a June 11 groundbreaking on a $20 million, 60,000-square-foot instructional center on its campus in downtown Santa Ana.

OCBJ Calendar

June 16, 2014

This week's business and other event listings

Stock Guru: Beckman Coulter Parent Could Break Up

Cramer Speculates Danaher Would Be Stronger If Split

Danaher Corp., the conglomerate that owns Brea-based medical testing company Beckman Coulter Inc., could be in line for a potential breakup, according to quirky stock guru Jim Cramer.

Ingram Micro, Cisco Partner In High-Flying Promotion

Video Campaign Touts Companies’ Offerings

Santa Ana-based Ingram Micro Inc. is collaborating with Cisco Systems Inc. to promote “Fly Higher—a Partner Program with Altitude” service.

Telogis Wins Hino Motors Contract to Equip Vehicles

Models to Get Telematics System Hino Insight 2.0

Aliso Viejo-based Telogis Inc. has followed up its software deal to equip General Motors’ commercial vehicles with its first contract with the U.S. unit of Hino Motors Ltd., the third largest truck maker in the world.

Standard Pacific Adds to OC-Austin Connection

850 Homes in 10 Spots in Streetman Purchase

Austin has been a go-to source of business opportunities for Orange County’s commercial real estate industry in the past few years, with office and apartment investors in particular snapping up properties at a rapid clip in and around the Texas capital.

Emulex Board Revamped for Future

New Faces Give It Tools to Maximize Emerging Lines

The board at Emulex Corp. has undergone a significant turnover in the past year, replacing nearly half of its 11 seats with new directors who bring executive leadership, operations experience, and deep industry connections to the conference table.

City Gets Creative at Tustin Legacy

REAL ESTATE: Wants office campus in line with hip trend

The city of Tustin is looking to turn a 43-acre portion of its Tustin Legacy development into Orange County’s largest creative-office campus.

Different Kind of Car Culture

How Little Saigon’s Cluster of Repair Shops Works

James Do had big plans for his auto repair business after nearly two decades in a cluster of about 50 mechanics and body shops that fill one side of a whole block just off Little Saigon’s main drag of Bolsa Avenue.

Upping Its Game

Little Orbit Seeks to Double Revenue

Santa Ana video game publisher Little Orbit LLC aims to double business this year with an aggressive rollout plan that kicks off this week with the release of an adventure game based on a DreamWorks blockbuster.

Company Takes Advantage of Movie Maker’s Resources

Company Takes Advantage of Movie Maker’s Resources

The licensing deal for Little Orbit LLC’s “How to Train Your Dragon 2,” came with an assortment of marketing freebies from DreamWorks Animation LLC that are helping the Santa Ana video game publisher defray some of the cost of promoting the new release (see related story, page 1).

Banks Bank More on Startups in Reviving Market

Financing Young Companies Means More Early Work

It’s a balancing act for banks in the process of determining the “bankability” of startups and early-stage companies, a niche in Orange County that’s becoming a key market for lenders and investors as the economy strengthens and opens to more entrepreneurial efforts.

Versant Leads 60% Jump in Local VC Investments

Field’s OC Deals Would Have Dropped Without It

Orange County’s top venture capital firms combined to invest $79 million in local companies last year, a 60% increase from a year earlier.

OCBJ Calendar

June 9-18, 2014

This week's business and other event listings.

Growing Sector Could Accelerate Quality Systems

Revenue Cycle Managing Has Much Room to Grow

Irvine-based Quality Systems Inc. will get a bump from the growing revenue cycle management sector in coming years, according to a recently issued analyst report.

Vans’ New Website Streamlines Company’s Message

Aims to Boost Engagment, Product Profiles

Cypress-based Vans Inc. has relaunched its website, a collaboration with the Huge Inc. digital agency in Los Angeles.

D-Link Expects Bump From Facebook Hook Up

Wireless Router Provides Small-Business Hot Spots

Fountain Valley-based D-Link Systems Inc. has partnered with Facebook Inc. to roll out a wireless router geared toward small-business owners.

real estate deals

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

West Orange County Market Continues Revival

The first quarter continued to demonstrate the consistency in demand in West Orange County’s marketplace.

RLJ Lodging Doubles OC Presence With Irvine Buy

$66M Price Tag Given to Embassy Suites Sale

Bethesda-based hotel operator RLJ Lodging Trust has snapped up a hotel in Irvine, its second local acquisition this year.

Gross Feels Good; Marybelle’s Surprise

Look who’s feeling fresh in brand-new digs—Bill Gross, who joined the rest of the Pimco crew for hot dogs and burgers on the porch of their recently completed HQ in Newport Center last week.

Quiksilver Touts New Shoe, Price Plan on Apparel

APPAREL: Strategic shifts come amid rugged week for shares

Quiksilver Inc.’s shares took a beating last week, but its management might have an ace or two up its sleeve to get the company on track in the second half of the year.

Hines’ Latest Buy: State Fund Building in Santa Ana

REAL ESTATE: Joins again with Oaktree, adds eight-story office

Hines Interests LP and Oaktree Capital Management LP have closed on their second major Orange County office property acquisition in as many weeks, adding the eight-story State Fund building in Santa Ana to their joint portfolio.

Samsung Unit Plans Move to La Palma

A division of South Korea-based Samsung Group is planning to move its U.S. operations to Orange County in coming months.

GrindMedia Has New Name to Go With Redone Lineup

MEDIA: Rebranding reflects parent name; debut rough

GrindMedia in San Clemente has been recast as TEN: Action/Outdoor Group.

Ensign Shares Plummet After REIT Spinoff, Rise on Debut

HEALTHCARE: New entity owns nursing home properties

Orange County has a new publicly traded healthcare company among its ranks.

State Air Resources Board Could Move to OC Campus

GOVERNMENT: UCI one option for vehicle test lab

The California Air Resources Board is considering moving its El Monte testing facility to new digs, with Orange County a possible parking space.