Orange County Business Journal

Business Journal Honors Entrepreneurs

Members of the Orange County business community celebrated seven winners during a luncheon for the Business Journal’s 14th Annual Excellence in Entrepreneurship Awards.

Will Times Lien in on Register? Picture This on Pimco

The $4.2 million lien slapped on Freedom Communications and its flagship Register seems to carry extra significance since it came at the request of the L.A. Times, which has a claim pending on bills for past work distributing the OC daily.

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Seven Honored for Entrepreneurship

Members of the Orange County business community celebrated seven winners during a luncheon Wednesday for the Business Journal’s 14th Annual Excellence in Entrepreneurship Awards.

Pyott’s Long-Term Memory; Freedom’s Call on Kushner

David Pyott was graceful as ever during the Leaders & Legends luncheon hosted by the Irvine Chamber just a few days before Allergan shareholders approved the company’s $70-billion-plus sale to Actavis.

Ben Up for Bill’s Old Spot?; Morr on Ports Drama

Anyone else see former Federal Reserve boss Ben Bernanke around Pimco’s HQ in Newport Center last week?

This One Is All About Henry

Not many individuals can provide the spark for an entire column.

Pyott’s Victory Lap; New at Modo Mio; Just-Right Joyce

You heard it here first back in November, when the Insider picked up on vibes that Actavis PLC might take the Allergan name once it got its deal for the Irvine-based drugmaker done.

Allergan Name Game; Basombrio Gets Big Case; New Year x 3

Don’t know if this is a case of imprecise phrasing or a clue worth considering when it comes to the fate of the 67-year-old Allergan brand.

Whale of a Tie-In; NBFF Scores in UK; Doti at Shea Center

Here are a couple of big OC names that make a natural marketing match: Pacific Life and filmmaker MacGillivray Freeman.

When Donald Met Steve; Whitaker Gets Off to Strong Start

A big chunk of the Irvine Company’s operations outside of OC got a lengthy overview in a recent issue of the Silicon Valley Business Journal, which put some meat on the bones of a 25-year process that has seen Donald Bren amass 7,000 apartment units and 4 million square feet of office space in the region.

Times Taps OC for Big Hire; Revenge of Mt. Rushmore?

The L.A. Times plucked its latest big hire from the OC Register’s backyard, tapping UCI grad and Monarch Beach resident Don Reis as chief revenue officer.

Pimco’s ‘Fade’; Oakley’s Got Games; ‘Musco Match’

Anyone else take note of some particularly colorful words that turned up in a story about Pimco in the Dec. 15 issue of the Wall Street Journal?

Maseeh in Middle; Plenty of Ties to Presidential Timber

What does St. Margaret’s Episcopal School have in common with UCI, USC, MIT and Portland State University?

OC Tech on Target; Sage Hill’s Science Scholar; Early Picks

Anyone who doubts that science and technology are all over the place—or that Orange County is all over tech—can check our Chris Casacchia’s front-page piece on the CES show in Las Vegas.

Allergan Effect: Healthcare Hotter Than Ever Here

Healthcare remains integral and then some to OC’s economy, even as Irvine-based drugmaker Allergan Inc. gets ready to exit the stage as the largest publicly traded company based here

Early Indicators Point to Strength, Staying Power for OC’s Economy

Is the outlook for business in Orange County hot or strong?

New Yorker’s OC Junket Puts Jannard in YouTube Picture

Much of this week’s issue is dedicated to a look back at 2014, which has proved to be a remarkable year in many respects for the community of business in Orange County (see overview, page 1; coverage by industry, pages 5 through 18).

2014 in Review: Big Deals, Doings

My, how you’ve grown. What else to say about Orange County’s business landscape over the past year?

Pimco Blame Game? Harp-ing on Mariachi Show at Segerstrom

Is the split between Bill Gross and Pimco—now going on 3 months old—just too juicy to quiet down in the financial press?

Taco Bell on Its Own in Irvine?; $3M for ‘Popcorn’ at Westin

Thanksgiving is in the books and you can see the year-end holidays from here.

Herberts’ Triple Play; Allergan Name Game; Bully for Campbell

It seemed altogether fitting that three generations of Herberts—all Gavins, by the way—were on hand for the Business Journal’s 15th annual Family-Owned Business Awards last week (see related item, page 8; profiles of winners in next week’s edition).

Hope for Hangars? South Coast Redux; Act II for Churm?

Are the powers that be rethinking the fate of the two hangars on the former Marine base in Tustin now that Google has signed a 60-year lease worth $1.2 billion for a similar structure and several others on surrounding grounds in the Silicon Valley?

Plenty in Play Around South Coast Metro; Don’t Forget the Vet

A trot around the South Coast Metro district that covers corners of Costa Mesa and Santa Ana reveals several sizeable chunks of property in a state of flux.

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

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

Pac Life Adds Tea Leaves to Brew in Newport Center

Not much math but plenty of tea leaves to read on the Pimco-Janus front.

UCI’s Deep Bench; Evan in Snyc?; Ask Ellermeyer

The search is on for a new executive vice chancellor and provost at UCI—a job that’s about on par with a COO’s post in the business world, while the chancellor of the school functions more like a CEO.

Allergan’s Obvious Reply: Gross X 2; Gilyard’s A List

Would-be raiders Valeant Pharmaceuticals and Bill Ackman appear to be running out of room for their argument that Allergan CEO David Pyott and his fellow board members overlook shareholders as they fight the hostile bid for the Irvine-based drug maker.

Big Numbers Go With Gross

Bill Gross and big numbers go together, as our story on page 1 shows with its estimate on the value of the publicity that came with the Bond King’s jump from Pimco to Janus Capital topping $300 million.

Newport Center in Line for Net Gain on Gross Move

The Insider has no dog in any fight between Bill Gross and whoever—but it now looks clear from this vantage point that a cadre of critics coordinated their condemnations of the cofounder and now ex-boss of Pimco in recent months.

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Ackman Threatens Suit on Allergan Buy

Activist investor Bill Ackman has threatened to sue Allergan Inc. if the Irvine-based drug maker goes ahead with an acquisition of Salix Pharmaceuticals Ltd. in a deal that doesn’t require a vote of Allergan shareholders.

How Fast Is $18.7 Billion?

$5.5B Gain in 2 Years for 174 Fastest Growers Based in OC

There’s no shortage of numbers available to put some punch into this week’s coverage of the fastest-growing private companies based in Orange County.

How GSF Grows; Dumpling Days; Allergan’s Number?

This week’s special issue puts a focus on the fastest-growing private companies based in OC, with 174 entries spread over three lists, and Irvine-based Golden State Foods the largest of the bunch at $6.6 billion in annual sales (see related stories on page 1; Special Report starting on page 21).

Gridiron at Great Park? Ackman’s Jab; Register Rumor

Multiple sources tell the Insider that the Oakland Raiders have recently looked past downtown L.A. and the City of Industry to entertain the possibility of a move to the Great Park.

Manhattan Transfer to Island Hotel; Ham & Keller Refine Focus

Gerard Widder, new GM of the Irvine Company’s Island Hotel, arrives in Newport Center with experience from several high-end Manhattan establishments, including a tenure in the same post for the flagship W.

Callahan v. Busch; Check Pyott’s Sleeve; Full of Philanthropy

The Dec. 18 date that’s been set for a special shareholders meeting on Valeant Pharmaceuticals’ hostile bid for Irvine-based Allergan didn’t add up to much on Wall Street, where neither company saw its shares do much last week.

Ups & Downs for Allergan; Devil of a Case; Augie on Ice

Last week had some wags wondering if Allergan CEO David Pyott might be forced into an error by spending too much on an acquisition in hopes of putting the Irvine-based drug maker out of reach of hostile pursuers Valeant Pharmaceuticals and New York hedge funder Bill Ackman.

Irvine Looks Both Ways on Great Park; Vexed About Vector

There’s plenty to look back upon at Great Park, as recent depositions in the City of Irvine’s forensic audit of operations reveal.

Louis Vuitton at Fashion Island? Alice’s Dance

Is that a Louis Vuitton store taking shape next to Neiman Marcus at Fashion Island?

No Summer Swoon for Wealthiest

Markets Cooperate as Entries Tally $54B

All the ingredients pointed to another good year for the richest residents of Orange County: an extraordinarily strong run in stocks, continued briskness in the commercial and residential real estate sectors, and some surprising resilience in the bond market.

OCMA Aims for $12.5M Per Acre; All Sorts of Sports

Members of our OC’s Wealthiest list—the centerpiece of a Special Report that starts on page 15— enjoyed a good turn in terms of their finances over the past 12 months, even with the sharp dip for the Dow Jones late last week.

Simon Scholars Find New Friend in Horatio Alger

National Organization Joins in $20M Commitment to College-Bound Kids in Need

Call them Simon Scholars with something extra.

Pyott on Points; Goodwill Gala; Reiff Steppes Up

The quick takeaway from last week’s Allergan action: Round 1 goes to David Pyott on points—and an acquisition would knock Valeant out cold

Tie Goes to Pyott?; Something Cool in South Coast Metro

The Insider isn’t ready to make a flat-out prediction but will say this much on the latest turn in the Allergan-Valeant saga: It looks as though David Pyott can play for a tie while his opponents have to win—and do it in regulation time.

Irvine’s Outsized Rep; SCR Goes to Santana; Augie Takes a Hike

Sheril Liu of ReMax Premier Realty in Irvine put a clear focus on one of the ways the city—with a population a bit under 250,000—punches above its weight.

Of Gender & Jobs; Zee Is for Zelma; ‘Creekside Chic’

There’s been much consternation about the relatively slow pace of employment growth nationally, even with last week’s report of a big gain on jobs in June.

Quiet Pyott; PSO Holds Key to 4th; More Maseratis?

Here’s one way to look at things as the dust settles on last week’s action in the hostile bid for Allergan by Valeant Pharmaceuticals and Pershing Square’s Bill Ackman: Allergan boss David Pyott’s less-is-more approach on PR tops the raiders’ tendency to work the press at each turn of the drama.

Blitz at Ritz; GSF Gives; Thorp’s 3x3

How did the multibillionaire Koch brothers raise $60 million over lunch last week at the Ritz-Carlton in Dana Point?

DNC, Angels Set to Profit on President’s Visit; Elon on Way

President Barack Obama was getting close to OC as the Insider went to press, carrying the promise of plenty of memories for UCI grads set to hear his commencement address at Angel Stadium.

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.

New Vocabulary on Allergan Bid; D-Day Doings

The Insider notes changes in Michael Pearson’s vocabulary as Valeant’s hostile bid for Allergan wears on—and perhaps a new tone altogether in his pronouncement last week that he won’t “overpay” to get the deal done.

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