OCBJ WEEKLY EDITION

Real Estate Deals

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

MPMS Inc. sold an apartment complex to Zhi Min Li for $4.1 million, or $188,182 per unit.

Business Bites

Other items of interest Orange County Business Journal Vol. 41, No. 3

Irvine-based Mazda Motor of America Inc. said it plans to open a $1.6 billion manufacturing facility in Huntsville, Ala., in a joint-venture with Toyota Motor Corp.

Adviser Building Own Field of Dreams

FINANCE: Trilogy founder uses radio to provide advice

Jeff Motske advocates a special kind of date with your spouse—“a financial date night” to discuss the family’s finances.

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El-Erian Touts ‘OC Advantage’

Q&A: Famous Economist Talks GDP, PIMCO, LinkedIn

Mohamed El-Erian can remember the first day he fell in love with Orange County. “Orange County had me at hello,” he quipped during a recent phone interview.

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Optimism Near Peak In Quarterly OC Execs Survey

In looking out to the first quarter, Orange County executives turned up the optimism. That’s according to California State University-Fullerton’s Orange County Business Expectations Survey, which popped seven points from 88.2 to 95.2 quarter-over-quarter.

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Local CFOs Weigh in on New Tax Law

While much of the rest of the U.S. business community is celebrating the new tax law, owners and executives at certain California businesses are groaning and scrambling to talk to their tax experts.

Most OC Companies Saw Stock Rise in 2017

The majority of Orange County’s publicly traded companies enjoyed a positive 2017.

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Pot Facts

Marijuana Industry Players

Cannabis.ca.gov is the secretary of state’s official website on how to start a cannabis business. Three state agencies are overseeing the industry:

A CPA’s Advice for CFOs

Vic Hausmaninger, founding partner of HBLA CPAs Inc. of Irvine, talked often last year with Business Journal Financial Editor Peter J. Brennan about the proposed tax bill. Hausmaninger wrote the following on what chief financial officers and other C-level executives should consider:

Nonprofit CFO Looks for Assets With Potential

Community Foundation Different Than a Business

On a recent weekday in December, Tracy Branson visited a home in Huntington Beach to prep it for sale and look for a real estate agent. She estimated the house would fetch between $600,000 and $700,000.

“Shall We Talk About the Jets”

Mohamed El-Erian was floated for Fed No. 2 in the fall.

Firms Full of Anticipation About CES Appearances

TECHNOLOGY: Small OC group plan debuts, hope for deals

CES, the largest trade show in the country, kicks off this week in Las Vegas with dozens of Orange County tech companies angling for a strong start out of the gate in the new year.

Soccer Club’s Goals: New Sponsors, Foreign Players

SPORTS: Japanese star Honda invests in OC team

Orange County Soccer Club has brought on one of Japan’s best-known athletes as a part-owner and a link to a new source of players and endorsements for the upstart soccer franchise.

Local Firms Hot For Foreign Investors

HEALTHCARE: Japan, Korea, China aggressive with gov. help

It’s no news that there’s a growing senior population.

Strong 2017 End to JWA Sales As Irvine Tower Trades

REAL ESTATE: 2600 Michelson Goes For $120M, Up 70% Since ’11

The 2600 Michelson tower in Irvine has been acquired by an investment affiliate of Los Angeles-based brokerage CBRE Group Inc. in one of the priciest office transactions in the John Wayne Airport area of the past year.

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Song Remains the Same at UCI Law

EDUCATION: New dean will promote tech, business ties

L. Song Richardson has a problem saying no, a habit that landed her in academia.

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Addition to Business Journal Newsroom

Subrina Hudson has come home. Sort of. From 2013 to 2017, Hudson covered retail and advertising, among other beats, for our sister publication, the Los Angeles Business Journal.

NB-Based Car Wash Co.’s Local Roots Go Deep, Wide

SERVICES: Fast5Xpress team includes ex-Irvine Co. CFO

Is fasting good for you?

PHILANTHROPY

The annual Mission Hospital holiday gala, A Journey Through Wine Country, set fundraising records with nearly $2.2 million in net proceeds.

Allergan Cuts 1,000 Jobs With Likely Loss of Restasis

Generic Brands Could Enter Market This Year

Allergan PLC, which had a rough year following its controversial patent transfer deal with a Native American tribe, said it will cut over 1,000 jobs in preparation for losing patent exclusivity for blockbuster dry-eye drug Restasis.

Oakley Video Opens Window Into Inner Workings

Oakley Inc.’s headquarters in Foothill Ranch was featured in the most recent video the eyewear and helmet manufacturer posted on its social media channels.

Mariner Square Rentals Sell for $23M, Records Show

Melia Eyes New Homes; Says 2019 Start at Earliest

Melia Homes apparently got itself a relative bargain for a Newport Beach apartment complex it bought last month.

Toshiba Unit Keeps Big Printer Contract as Diversifies

Two-Year LAUSD Deal Worth $60 Million

Lake Forest-based Toshiba America Business Solutions Inc. will remain the multifunction printer provider for the Los Angeles Unified School District until at least November 2019.

Clear Aligner Company Graduates Early Startup Mode

InBrace Raised $25M Financing; Upgrades Space

Swift Health Systems Inc. is ready to move out of stealth mode with its orthodontic device InBrace, a Food and Drug Administration-registered technology that uses digital treatment planning to correct teeth through adjustable wires hidden behind the teeth.

OCBJ Calendar

Jan. 8-17, 2018

This week's business and other event listings.

Real Estate Deals

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

An apartment complex was sold by a family trust to EB Capital Enterprises LLC for $5.1 million, or $300,000 per unit.

Business Bites

Other items of interest Orange County Business Journal Vol. 41, No. 2

Huntington Beach-based Boardriders Inc. signed a deal to acquire all shares of Billabong International Ltd., creating one of the world’s largest action-sports companies.

BPOY 2017: The Chairman Stepped Up

Bren’s HQ2 Bid Puts Irvine’s Growth on Display

Donald Bren went all in last year to try to bring Amazon’s second headquarters to Irvine, a rare public display of deal soliciting from Orange County’s dominant businessperson.

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BPOY 2017 Finance: Roman, Ivascyn Make $1.7T Team

1K Days After Bill Gross Left, Again a Force

Emmanuel “Manny” Roman sure knows when to make an entrance.

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$1B GSF Unit Grabs PepsiCo Exec to Go More

QCD Serves Chick-fil-A, Wendy’s and 6,000 Starbucks

Golden State Foods Corp. drives the chuckwagon for McDonald’s Corp.

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BPOY 2017: Eight Pillars In The Community of Business

The Business Journal in this first issue of 2018 on this first day of the year highlights eight superlative members of that august community of business in six areas:

A Street Apart: Newport Center Sits Atop Office Rents

REAL ESTATE: No. 15 among US streets, sixth in state

Newport Center Drive’s role of prominence in Orange County’s office market—including prominent rents—remains unsurpassed, according to a new national brokerage report.

New Dealership Offers Classic and Vintage Cars

AUTOMOTIVE: Makes pricey statement ‘about OC car culture’

On a recent evening at the Morris and Welford dealership in Newport Beach, no one was kicking the tires, opening engine hoods, peeking into the glove box, or tinkering with the car radio.

Club Pilates Brand Stretches to Irvine

SERVICES: Brand star of new umbrella co. Xponential Fitness

A new fitness-focused umbrella company anchored by Club Pilates—one of the country’s fastest-growing franchising businesses—plans to pump up the size of its Orange County headquarters and operations.

More to the Story

Sept. 8 around 1 p.m. Donald Bren and Irvine Co. announce they’ll urge the city of Irvine to join up to vie for Amazon’s HQ2.

Good Karma in Carmaker Leadership Change

AUTOMOTIVE: CEO hands wheel to fellow turnaround man

Tom Corcoran did what he came to do—get Karma Automotive LLC up and running, and ready for the next big leg of its journey: China.

BPOY 2017 Technology: Dean Stoecker

How Alteryx and Dean ‘Stoecked’ an OC Industry and Its Dormant IPO sector

A March initial public offering, two acquisitions, and three strong quarters.

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