Orange County Business Journal

Musco & Musk; Eyes on Fig & Olive; Strip Mall’s New Fortune

Word on the street says Paul Musco has racked up a win with Tesla’s operation in Europe.

Kawamura Crops Up; Jimmy P. at Shea; Max & Kate at SCP

Anyone else hear about a longshot push for Big Canyon resident A.G. Kawamura as Secretary of Agriculture in the pending Trump Administration?

Girly Guys; Trump Ties; Royce Tries

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) …

All About the Inaugural OC 500

Still need a reason to get over the recent election season?

Post-Election Report: Plenty to Like Here; Katz’s Canadian Youth

The draining presidential campaign ends this week—time for anyone who got caught up in the back-and-forth to disengage from all the disputation and negativity.

Plenty to Credit on IPSF’s $780K Night

Credit FivePoint Holdings boss Emile Haddad for punctuating his generosity with a sense of humor during the Irvine Public Schools Foundation’s 7th Annual Spirit of Excellence Gala & Auction, where he announced that his company would extend its role as the event’s presenting sponsor for three years, added $100,000 to a kitty that came to $780,000 for the night—and then wondered aloud whether the city of Irvine was on the hook for another $200,000 because of a 2-1 match it offered for donations …

New Standing for New Majority?; Will Daniele Dance?

History might someday deem last week’s debate-watching party hosted by the New Majority—with guest Newt Gingrich—at the Island Hotel just the sort of gathering that laid the groundwork for reshaping party politics in the U.S. …

New Standing for New Majority?; Will Daniele Dance?

History might someday deem last week’s debate-watching party hosted by the New Majority—with guest Newt Gingrich—at the Island Hotel just the sort of gathering that laid the groundwork for reshaping party politics in the U.S. …

New Standing for New Majority?; Will Daniele Dance?

History might someday deem last week’s debate-watching party hosted by the New Majority—with guest Newt Gingrich—at the Island Hotel just the sort of gathering that laid the groundwork for reshaping party politics in the U.S. …

World Affairs Council Presents Saudi Prince; Santa Ana’s Ink Well

Keen sense of timing at the World Affairs Council of Orange County, which will offer a reminder that life goes on around the globe, even during the compelling-like-a-train-wreck U.S. presidential election.

Talent Tells Tale of New Era in OC

It can be hard to recognize an era while it’s happening.

Presidential Presence for Big Canyon?; Ueberroth on Arnie

New Chapman U President Daniele Struppa is a soccer guy, a preference that tracks back to his native Italy.


Other items of interest Orange County Business Journal Vol. 39, No. 40

This year’s Orange County International Auto Show will occupy 25% more space at the Anaheim Convention Center for its Oct. 6-9 run to accommodate about 50 work trucks and vans in the inaugural So Cal Work Truck & Van Show.

Struppa’s Strong Start; About Our OC 500; Fall Fashion Find

Daniele Struppa is off to a strong start on establishing his own manner of maintaining the high profile of the president’s office he takes over from the ever-energetic Jim Doti at Chapman U.

Ketchum Puts Herbert Atop Its List; Can You Say Quatrefoil?

Marshall B. Ketchum University in Fullerton wasn’t listed among the recent and much-heralded U.S. News & World Report rankings of post-secondary educational institutions throughout the land.

China Car Connections; Buena Park’s Big Day; Harrah on the Clock

Add a couple of entries from China’s wave of would-be makers of electric cars to OC’s auto industry, which started with companies from Japan—Mazda and Mitsubishi —and now includes Hyundai and Kia from South Korea.


Other items of interest Orange County Business Journal Vol. 39, No. 37

Costa Mesa-based Karma Automotive LLC set the price for its Revero sports car at $130,000 but declined to peg a date when the car would be delivered to the 80 buyers who’ve placed initial orders.

Masimo Gives on Zika; Great Park’s New Leathernecks

Orange County’s community of business plays a big part in the impressive array of philanthropic groups and nonprofit organizations that operate here, as you’ll find on our front page and in the Special Report that starts on page 15 …

Elizabeth Engages; OC’s Asian Edge

Maria Hall Brown is the talent behind KOCE’s upcoming documentary on the late Henry Segerstrom, and the Insider hears that her project has attracted the keen interest of Elizabeth Segerstrom, who’s joined Sandy Segerstrom Daniels as co-managing partner at C.J. Segerstrom & Sons and its South Coast Plaza since her husband’s passing last year … 

Sports Report: Golf, Rodeo, Theater, Etc.

Count the Oct. 5-9 run of the Toshiba Classic at the Newport Beach Country Club as another aspect of Fountain Valley-based Kingston Technology’s role as a good sport and able marketer.

Lincoln Club’s Cue; Haddad’s Menace; Callahan’s Kickers

The Lincoln Club of Orange County said a mouthful—and not a word about Donald Trump—in a recent call for support for Marco Rubio, who came up short in his bid for the GOP presidential nomination and now seeks a second term representing Florida in the U.S. Senate.

Perceptions of New OC Reality Range

A couple of recent visitors came from the East Coast and left the clear impression that old stereotypes about Orange County—all-white population, conservative to the point of reactionary, land of goofy housewives—are a thing of the past on the other side of the continent, too …

Big Bucks, Big Names, Big Ideas

Our OC’s Wealthiest list—the centerpiece of this week’s issue and accompanying special section—is about more than money.

Big Wheels, Big Deals

How OC’s Wealthiest Got Much Wealthier

This year’s crop of OC’s richest residents managed to outpace the market by a longshot, thanks to a number of additions and several deals that helped boost the combined wealth of the 45 entries to $72.5 billion.

Turnaround Tag at PIMCO, Expansion Plans at PAAMCO

Sometimes the global financial media does math with words rather than numbers.

Emile, Larry Show 2 Sides; Stylish Symbol at Santa Ana College

The Orange County Forum served up humor, straight talk and useful insights at last week’s Housing Outlook 2016 at the Hilton Irvine, where FivePoint Communities CEO Emile Haddad and Larry Webb, his counterpart at New Home Co., joined the Business Journal’s Richard Reisman for a chat.

Martin Gets to Core of Community in Orange County, Inc.

UC-Irvine Librarian Lorelei Tanji hit upon a point that you’ll regularly find under the Business Journal’s front-page banner during her opening remarks to a crowd of about 300 who gathered at the Beckman Center last week to celebrate the debut of Chuck Martin’s coffee-table tome,

Pulido’s Pals; Doti’s Elbow Room; Witte’s Range

Anyone else notice former L.A. mayor, current Banc of California adviser and potential 2018 gubernatorial candidate Antonio Villaraigosa introduced Santa Ana Mayor Miguel Pulido at last week’s State of the City Address?

Pyott’s Coach; OC in DTLA; Higby’s Early Path to Power

David Pyott hasn’t been the boss of Allergan for more than a year, but events conspire to keep him in the public eye.

How Much for Sears at SCP? Kudos Galore

Have to wonder how much longer Sears will remain at South Coast Plaza, where its 300,000-square-foot store is now among the properties the once-colossal retailer has put up for sale or lease …

Master Plan Morphs; Christ Cathedral Draws; Blanning’s CROC

Early take on Dan Young’s decision to step away from the Irvine Company: Donald Bren’s master plan continues to morph into something that increasingly looks like more of an operating company than a developer.

Tam, Twila Join Forces; Gross at Human Scale

We sure can pick ‘em: Tam Nguyen of Advance Beauty College was honored—along with his sister, Minh Nguyen—with one of the Business Journal’s Family Owned Business Awards in 2012.

Ahmansons’ Eclectic Salon; Moorlach Is No Mr. Big Shot

Howard and Roberta Ahmanson wrapped several pleasant surprises into the salon they hosted recently at Fieldstead & Co. Inc. It’s their family office, which looks after a fortune that started with Howard Ahmanson Sr., the late founder of Home Savings of America and a giant in the development of Southern California as a powerhouse fueled by a middle class that had room to grow in nearly every sense of the word in the decades after World War II.

Split Decision on Trump Smell Test; Doti Goes Solo

Reports from the Lincoln Club’s recent annual dinner at the Island Hotel indicate Al Frink captured the mood of many of the assembled GOP stalwarts with a turn as a prop comic.

Will Haddad Re-Up With Navy? Locals on Publicity Blitz

Expect to hear more from various sources around the state about the growing stature of Emile Haddad and Aliso Viejo-based FivePoint Holdings Inc.

SCP Plays Carnegie Hall; Vogel Steps Up; Kiani Answers Call

The Insider hears that the “Segerstrom family and South Coast Plaza” intend to build on ties to Carnegie Hall in New York and “other respected arts institutions” in coming months.

OneOC Luncheon Adds Spice to Nonprofit Menu

Last week’s annual OneOC Spirit of Volunteerism Awards luncheon at the Disneyland Hotel added humor, insight and style to the standard heartwarming fare of the nonprofit circuit, giving the crowd of more than 1,000 a mix that felt fresh as it highlighted the extraordinary levels of support the community of business provides nonprofit organizations that serve Orange County …

Déjà Vu All Over Again for Register? Levine Meets Flanagan

You might want to think again if you think the situation over at the Register is settled under new owner Digital First Media. DFM is ultimately owned by N.Y.-based hedge fund Alden Global Capital, which gives no signs of a long-term interest in the publishing business.

Gavin's Growth Formula

Allergan Founder Lured Talent, Listened for Opportunities to Build Local Behemoth

Who in the world is Irv Leopold?

NBFF Finds Niche; Calle Moves Up

Here’s a take worth the telling before it gets overwhelmed by all the beautiful people bound to keep hotels and restaurants hopping as a byproduct of the 17th annual Newport Beach Film Festival, which starts this week: Executive Director Gregg Schwenk says well-heeled cinema buffs account for many of the 50,000 or so visitors the event regularly attracts, but he also notes that certain screenings draw a different crowd, with representatives from distributors and other industry pros accounting for as much as 30% of the gate.

Gavin Likes It; OCMA Sticks to Mission

A bit of chit-chat over a brisket sandwich early last week offered a surprising indicator that OC Hall-of-Famer Gavin Herbert wasn’t at all sold on the notion that Pfizer would wrap up its buy of Allergan PLC, the latest iteration of the company he founded. It wasn’t long before Wall Street and everyone else followed Herbert to the same conclusion—after the Treasury Department derailed the deal by essentially cancelling the benefit of a tax-inversion that Allergan would have brought via its on-the-books HQ in Ireland

UCI’s New Game Face; Oscar Winner in Focus at Chapman

A sign of the times: UC Irvine’s men’s basketball team didn’t make much of a ripple in the media—print, new, social or otherwise—considering they were the last Southern California squad standing in the post-season this year.

Praise for Allergan Ongoing; El-Erian’s OCSA Lunch Tab

Belated validation has been pouring in lately for the job that the leadership of erstwhile Allergan Inc. did in fending off the raiding team of hedge funder Bill Ackman and Valeant Pharmaceuticals.

Tease photo

Freedom to Go to Digital First

A bankruptcy judge in Santa Ana this morning approved the sale of Freedom Communications Inc. and its Orange County Register to Denver-based Digital First Media Inc.

Wylie and George Walk Into a Bar…; Re: Leader Board

Call it a St. Patrick’s Day miracle—or maybe just a simple, human reminder that it’s possible for folks to line up as political opponents rather than enemies, a distinction that can keep friendships alive, come what may.

Kudos, Questions for First American; Why Jabara is Thankful

Kudos to title insurer First American Financial Corp., the lone OC-based representative on Fortune’s recent national list of “100 Best Companies to Work For.”

Lindquist Legacy; Julia Turns 19; Jun’s Latest

Here’s a bet that Jack Lindquist got a couple of extra smiles before his recent passing at the age of 88.

Irvine on Agenda; Wall’s New Digs; Gross X 2

Irvine continues to punch well above its weight as it grows into a globally renowned center of commerce.

SCP Gets Credit; Irvine Company’s Star on Instagram

Last week brought word of the buzz of activity stirred up by the Lunar New Year around these parts, with everyone from homebuilders to shopping malls beckoning members of the various Asian-American communities in Orange County to the larger American Experiment.

Steel-y Approach; Monkey Business; NB’s Shipyard

Give OC Supervisor Michelle Steel credit on understanding what government can actually do to help the local economy, and for sticking to the task at hand.


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