Orange County Business Journal

OCBJ WEEKLY EDITION

Real Estate Deals

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

Broadcom Near Deal to Buy Great Park Land

Filing Says Talks For New Campus ‘Near Conclusion’

Broadcom Corp. is closing in on its long-awaited deal to buy the land for its new office campus near Orange County Great Park, according to filings with Irvine City Council.

Gerrity Lists Brea, Mission Viejo Retail Centers for Sale

Properties, 12 Others Could Fetch $500 Million

Shopping centers in Mission Viejo and Brea are part of a portfolio of West Coast retail properties that are on the block and could sell for nearly $500 million.

Fastest Growers Keep Pace

Public Cos. Combine for 24% Hike to $83B in Sales

The latest batch of Orange County’s fastest-growing public companies kept pace with last year’s mix, combining for a 24% growth rate on revenue.

Need for Speed

Why Fast-Growing Companies Matter to Local Economy

Fast growth matters. Having a deep pool of fast-growing public companies is a plus on many fronts for Orange County’s economy and community.

Ackman Puts Allergan Directors at Forefront of Takeover Fight

HEALTHCARE: Sticks with candidates in face of critique

Expect the fight over Irvine-based Allergan Inc. to turn toward the drugmaker’s board room.

St. Joseph New Anchor for Downtown Anaheim With 191,556-SF Lease

REAL ESTATE: Deal for 8-story office largest so far this year

An eight-story building near Anaheim’s City Hall that previously served as the local operations hub for AT&T Inc. has been leased to a growing integrated-care medical group affiliated with Orange-based hospital operator St. Joseph Health System.

Questcor’s $5.8B Bow

Big Revenue Gains Precede Big Pharma Deal

The company that topped the Business Journal’s 2014 list of the fastest-growing large public companies based in Orange County has already taken itself out of the running for next year’s title.

Much Bigger Homebuilder

TRI Pointe’s Revenue Jumps 1,621%—Before Big Buy From Weyerhaeuser

If you think TRI Pointe Homes Inc.’s revenue growth over the past 24 months is eye-opening, just wait until next year.

Cold Heat

Cryoport Gets Goods There Cold, Grows Revenue by Nearly 400%

Cryoport Inc.’s chilly business is fueling red-hot sales growth.

OC’s Hollywood Side; Montage on Block? Ackman at Airport

Sometimes the uninitiated are right even when they’re wrong about Orange County.

Broadcom, Microsemi Team Up on New DSL Chips

TECHNOLOGY: Seek new standard for next generation

The two largest chipmakers based in Orange County are working together to develop a new connectivity standard for next-generation digital subscriber lines, commonly referred to as DSL.

GM Venture Arm Takes Telogis Stake in Latest Infusion

TECHNOLOGY: Software firm also inking deals to grow

Aliso Viejo-based Telogis Inc. has received an equity investment from GM Ventures, the venture capital arm of General Motors Inc.

China-Based Shoe Brand Starts in OC

APPAREL: Initial focus on wholesale from Irvine HQ

The Irvine-based arm of a major sports apparel and footwear brand in China launched a website last week, marking its first foray into the U.S. market.

Boot Barn IPO Paves Way for Next Step of Growth Plan

RETAIL: Steady pace on new stores after recent acquisitions

Boot Barn Holdings Inc. plans to use the money it raised in last week’s initial public offering to pay down debt and continue a push to bring its Western gear to shoppers coast-to-coast.

Business Principles Back Growth of K-12 Schools

EDUCATION: OC-based clusters aim for wider markets

Local private schools that are run on basic business principles have plans to expand in ventures that charge upward of $1,000 a month, with more customers born every day.

St. John Knits Looks for New CEO

Geoffroy van Raemdonck will step down as chief executive of Irvine-based high-end knitwear maker St. John Knits International Inc., according to California Apparel News.

Kodiak to Buy $5M in Alt Energy Stock

Newport Beach-based investment firm Kodiak Capital Group LLC agreed to buy $5 million worth of common stock of Cirque Energy Inc., a Detroit-based developer of alternative energy sources.

Tenet Names Placentia Hospital CEO

Tenet Healthcare Corp. named Audrey Gregory the new chief executive of Placentia-Linda Hospital.

Vizio Title Sponsor of 2014 Fiesta Bowl

Irvine-based Vizio Inc. signed on as the title sponsor of the 44th Annual Fiesta Bowl, which is scheduled to take place Dec. 31 at University of Phoenix Stadium in Glendale, Ariz.

Take It From Tommy Bahama: Follow-Up Matters

Take It From Tommy Bahama: Follow-Up Matters

This tidbit about a restaurant doing it right, doing what hospitality is really all about, seems like such a good way to start the column.

ADDENDUM

Other items of interest Orange County Business Journal Vol. 37, No. 44

Irvine-based Kia Motors America Inc. will continue as the Official Automotive Partner of the National Basketball Association, and its K900 sedan will take on the role of the league’s official luxury vehicle.

Billionaires Increasingly Invest in Ultra-Luxury Homes

Diversify Portfolios, Look For Location, Often in OC

Orange County’s coastal region, which stretches from the tip of Seal Beach at its northern edge to the end of San Clemente to the south, includes the most significant communities in the local luxury market.

CEO: Quality Systems Showed ‘Marked Improvement’

Most of Software Maker’s Growth Through Mirth

Irvine-based healthcare software maker Quality Systems Inc. is showing “marked improvement across all fronts of the organization,” according to Chief Executive Steve Plochocki.

Toshiba Ads to Medical Pros: You Have a Voice

Aims to Distinguish Firm From Rivals in Industry

Toshiba America Medical Systems has launched an advertising campaign that aims to position the Irvine-based diagnostic imaging company as one that “adapts to and understands its customers’ business,” according to Nancy Gillen, its vice president of marketing.

OCBJ Calendar

This week's business and other event listings.

Greater LA Sees Job Growth, Mix of Healthy, High Vacancies

Increased job growth helped fuel a surge in tenant demand in the Greater Los Angeles office market in the third quarter with 705,097 square feet of positive net absorption, which pushed the vacancy rate down to 16.5% and the average asking lease rate up to $2.67 per square foot, a 6.5% year-over-year increase.

IT Provider’s Fast Growth Lands It on Fortune List

Lumen21 Had 803% Growth Rate in 5 Years

A fast-growing IT provider in Orange is gaining recognition targeting smaller companies in the healthcare, financial service and retail industries.

Real Estate Deals

Premier Realty Management Inc. sold a two-story office building in Santa Ana to Big Brothers Big Sisters of Orange County.

India Link

Émigré Population Prominent Beyond Size in OC’s Community of Business

Orange County’s Indian-American community is nearly as diverse as its homeland, where myriad languages flourish in the crowded cities and secluded villages spread across the Asian subcontinent.

OC-India Connection’s 2-Way Street

Financial Services Here Look for Roles on Both Ends of Deals

A number of financial services firms in Orange County are setting themselves up as conduits for deals in India, drawn by the country’s growing upper and middle classes, a raft of highly educated workers, and a number of industries that offer potential for cross-border links.

Miami Beach, New Orleans … and Irvine

REAL ESTATE: City part of push for Marriott’s Euro-style boutique

AC Hotels by Marriott, a European-style boutique hotel brand, will include Irvine in the first wave of a development push in the U.S.

Montage Bets $100M on Boutique Trend

HOSPITALITY: Hotel in Gaslamp district of SD won’t carry resort name

Irvine-based Montage Hotels & Resorts is breaking new ground in more ways than one.

Cresa, Travers in Deal to Combine OC Operations

REAL ESTATE: Tenant-rep brokerages ‘share same DNA’

Orange County’s two largest commercial real estate brokerages that solely represent tenants in lease negotiations are combining forces.

OC Lures Professionals in More Ways Than One

Chance for Independence, Creativity Part of Appeal

Sunny winters aren’t the only draw for financial industry professionals to move to Orange County from Wall Street and other finance centers on the East Coast.

Financial Firms Add Advisers, Cut Total Workforces

Reps Jump 3.4%, Overall Staff Down 5% at Top 23

Orange County’s financial advisory firms combined to deepen the pool of registered advisers here while reducing the size of their overall employment bases.

OCBJ Calendar

Oct. 27-November 5, 2014; Nov. 19

This week's business and other event listings.