OCBJ WEEKLY EDITION

Mortgage Industry Toys With Lowering Down Payments

Orange County’s Credit Union is bringing back one of the villains of the 2008 financial crisis—the no-money down payment mortgage.

Firms Tally Up Value of Workers’ Giving: Priceless

One hundred and twenty. That’s how many Beckman Coulter employees arrived at Benjamin Beswick Elementary School on a sunny day in February, eager to get to work. The plan: to freshen up and revive the aging Tustin campus.

Hurley Hit With Layoffs For Leaner, Faster Nike Innovation

A strategy shift at Nike Inc. translated into a recent wave of layoffs at Costa Mesa-based subsidiary Hurley International LLC. The surf apparel brand parted ways with about a dozen employees and transferred others, including several sales and marketing executives.

OC Responds to Harvey

Some Businesses Here Suffer Losses; Many Open Hearts and Wallets

While several Orange County companies assess the damage of operations, equipment and property from Hurricane Harvey, others are pulling resources to provide relief for as many as 30,000 displaced residents in southeastern Texas and the Louisiana Gulf Coast.

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Irvine Slow-Growth Measure Targets Area Developers

BALLOT BOX: Similar to Costa Mesa; aiming for ’18 vote

A slow-growth ballot measure has been proposed for Irvine, which if passed would quickly put a chill on development for Orange County’s third largest and fastest-growing city.

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Adoptee Inspired to Help Nonprofit Groups Succeed

Gratitude Channeled Into Money-Saving Enterprise

It’s a story that could have had an entirely different ending.

Expanded Offices Help Bar Group Serve More Kids

Also Wants To Raise Cash For Expanded Programs

The Orange County Bar Foundation began nearly 50 years ago with the sole purpose of raising funds for a law library. It evolved into a way for the business and law communities to help at-risk youth, and a new building it acquired this year is enabling it to serve more of them.

New Rankings Based on OC Charitable Giving

Argyros Tops Privates, Wells Fargo Corporate

For this year’s philanthropy lists, the Business Journal ranked both corporate and private foundations by the amounts they gave to Orange County charities, instead of by total giving. The criteria include that the foundation is either headquartered here in OC, focuses a significant amount of its giving on OC charities, or that a principal lives here. Giving, in and of itself, can be volatile and fluctuate from year to year.

Charity-Company Connector Helps Firms Give Back

OneOC Aligns Their Values With Complementary Causes

Nestled on a tree-lined street in an unassuming 1970s-era building in Santa Ana resides Orange County’s most prolific matchmaker.

PHILANTHROPY

More than 700 supporters gathered on July 13 at the Free Wheelchair Mission’s annual Miracle of Mobility gala. The evening netted more than $1.5 million.

Eyes Get It

“… no time to be timid …”

ChromaDex Shifts to Direct-to-Consumer Model

HEALTHCARE: Focus on own supplement brand

An obsession with eternal youth is in vogue, and not limited to Americans; the global antiaging market is projected to grow from $250 billion last year to $331.4 billion in 2021, according to a report by Orbis Research in Dallas.

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Anaheim Distribution Building Brings Top Dollar

REAL ESTATE: DCT buys former PacSun facility for $56M

A real estate investment trust in Denver has bought a big distribution center in Anaheim in one of the most expensive deals on record for an older industrial property in North Orange County.

Swiss Subsidiary Joins OC Cyber Hub

TECHNOLOGY: Threat solver in early talks with Cylance

A burgeoning concentration of cybersecurity companies and plenty of potential corporate customers has led a Swiss security software maker to establish its North American headquarters in Newport Beach.

A Win and a Wait-and-See on Plush Plane Seats Push

Seat Producer Gets Indian Work as Rockwell Waits

It doesn’t appear that the local operations of Rockwell Collins Inc. will benefit from the recent push from domestic and international airliners to install plush and pricey premium seating.

Behr Goes Green for 2018 With Fresh Color Palette

Tints Touted As Tranquil Remedy for Stressful Life

Behr Process Corp.’s 2018 color of the year is In The Moment T18-15, a “restorative blue-green hue honoring nature to create a soothing atmosphere.” It’s part of a spectrum of 20 hues “forecasted to influence décor and design in the year ahead.”

Role of Women in Industry Discussed at PIMCO Event

FINANCE: Who will ‘pound the desk on your behalf?’

At one point in her career, DeAnne Steele wouldn’t mention her young son when she was at work.

Island Hotel Eateries Spiffed Up, With Side of Friendly

Aqua Lounge, Oak Grill Menus Focus on Healthy

During the past two years, Island Hotel has made some tremendously good-looking changes in its Aqua Lounge and Oak Grill dining rooms. There’s also a new chef on board whose food pleased us very much in recent tastes.

OCBJ Calendar

Sept. 4-Sept. 13, 2017

This week's business and other event listings.

Real Estate Deals

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

OC Petroleum LLC sold a seven-unit auto retail center and warehouse in Huntington Beach to Kenneth Ochi for $5.4 million, or $185 per square foot.

French Connection for Software Company

TerraManta Execs Headed to Paris

How do geopolitical factors influence global commodities prices? That’s the question that an early-stage software company in Irvine answers with software using artificial intelligence.

Hoag Orthopedic Puts Business Structure on Display

Physician Ownership Model Desirable in China

China’s health system, which serves nearly 1.4 billion people, is moving toward an increasingly private, for-profit model to provide better care.

Business Bites

Other items of interest Orange County Business Journal Vol. 40, No. 36

The University of California-Irvine said Aliso Viejo-based chipmaker Microsemi Corp. donated $1.5 million to the university.

Water Features

High Tide of Renovation to Hit Coast

The next big redevelopment push in Orange County looks to come dockside.

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Firms Fight Terrorism With Tech

Public Safety and Security Soon $500B Market

Two Orange County technology companies are trying to cut down emergency response times when seconds can mean the difference between life and death.

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No Model, No Problem

Brisk Sales in Irvine, Even Without Them

This month’s grand opening of a collection of three new home types at Irvine’s Eastwood Village community had a bit of a carnival atmosphere, with an assortment of food trucks, balloons for children, and other giveaways for the more than 1,000 people who braved the summer heat.

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Tofu Maker Doubles Down on OC Presence

House Foods Unit Aims for $89M in Annual Sales

House Foods America Corp., a Garden Grove-based manufacturer of tofu, noodles and other Asian-influenced food products that’s seen a surge in business the last decade, has bought an office next to its headquarters for what looks to be a potential expansion of its local operations.

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St. Joseph Hoag to Get New CEO in 2018

Richard Afable Retiring, Oversaw St. Joseph Alliance

When two Catholic health systems, Providence Health Services and St. Joseph Health, merged last July, they created a 50-hospital system based in Renton, Wash., with headquarters in Renton and Irvine.

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Startups Build OC Into Front in Cybersecurity War

Obsidian, Veracity, Others Step Into Breach for Firms

Early this year, Glenn Chisholm was contemplating leaving the chief technology officer role at security software maker Cylance Inc. in Irvine.

UCI Institute Helps the Helpless Fight Cybercriminals

New Clinic Walks Victims Through Cleanup Process

Bryan Cunningham’s vision, crafted over the past year to create one of the country’s top cybersecurity policy and prevention centers, is taking shape at the University of California-Irvine.

OC’s Top Software Firms Added Jobs, Grew Ranks

Six List Newcomers in Hot Spaces: AI, Gaming

A mix of new and established companies helped Orange County post solid job growth in the software sector for the second consecutive year.

OC Insider

Do The Strand

You’d have won bets in the ’90s backing a padlocked, degraded piece of land overlooking the ocean in Dana Point to be built out, with local-to-coastal commission blessing. Twenty years and 120 of the priciest lots in OC later—you’d be sitting on a parlay.

Bonti Tackles Neurotoxin With Dual Verticals

HEALTHCARE: Starts 2nd-phase pain management trial

The market opportunity for facial injectables is an attractive one—it’s likely to grow more than 11.5% globally from $6.5 billion last year to $7.2 billion in 2020, according to a recent market research report by Grand View Research Inc. in San Francisco.

Egypt Seeks Advice of Newport Wealth Management

FINANCE: Laila Pence honored by native country

Egypt turned for financial advice to one of Orange County’s top wealth managers—Pence Wealth Management co-founder Laila Pence.

Familiar Names Buy Broadcom Campus

REAL ESTATE: Starwood, Rockpoint invest in Irvine site

Regulatory documents are shedding a bit more light on FivePoint Communities Inc.’s blockbuster purchase of Broadcom Ltd.’s four-building, 73-acre campus under construction at Great Park Neighborhoods in Irvine this month.

Business Journal Hears Update on the Reserved Tsaos

Arts, Charity, Mentoring The Focus, Not Retirement

The Business Journal recently caught up with Victor Tsao, who splits his time between Asia and Orange County.

Auction.com’s New Logo, Slogan Tell Whole Story

Branding Changes Follow Parent Co.’s Recent Sale

Irvine-based real estate marketplace Auction.com, whose parent company, Ten-X, agreed this month to be acquired by Thomas H. Lee Partners LLP for about $1 billion, unveiled a new logo, a “Beyond The Bid” slogan, and an “updated design aesthetic that reaffirms its commitment to provide buyers and sellers with optimal disposition strategies for faster executions.”