Orange County Business Journal

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?

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.

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.

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.

All Kinds of Allergan Angles; Goodwill Fits Bill

Here’s one perspective on Allergan as it attempts to fend off a hostile $47 billion bid by Valeant Pharmaceuticals: The drug maker could be lost to its hometown despite a laundry list of things that both have done right when it comes to fostering the company’s growth since it moved from L.A. to Irvine in the early 1970s.

Another Shift for OC 50

Newcomers Reflect Growth of Services

Call it 10%—that’s about the turnover rate for this year’s OC 50, the Business Journal’s annual inventory of influence.

Pyott Keeps Powder Dry; Chuck’s Tomatoes; Viva Gudino, Center Club

This week’s Special Issue features the OC 50, our annual inventory of influence, which has included David Pyott ever since 1998, shortly after he signed on as CEO of Allergan Inc.

New Bloodlines at Los Al; Allergan’s Phantom Links

California Chrome was the chalk horse heading into the Kentucky Derby on May 3, continuing a streak of OC ties that started in 2012, when CashCall Inc.’s Paul Reddam saw his I’ll Have Another win at 15-1.

Ackman’s Look; Pearson’s Push; Pyott’s Propriety

Has anyone looked more the part of the 1980s corporate raider than Bill Ackman as he circles Allergan as a main character in Valeant Pharmaceuticals’ $47 billion hostile bid for the Irvine-based drug maker?

Hueston’s Haul; Thank You, Ladies; Star Power for Hoag

Put local lawyer John Hueston of Irell & Manella somewhere around the front of the line on Texas-based Anadarko Petroleum Corp.’s recent agreement to pay $5.15 billion to settle claims of 85 years’ worth of environmental damage caused across the U.S. by its Kerr-McGee subsidiary.

Can OC Cash Carry Kashkari? LT’s High-Low Split

The so-called smart money says Jerry Brown is unbeatable

UCI Search Light on OC Influence?

The advisory committee appointed by UC System President Janet Napolitano to help find a replacement for UC Irvine Chancellor Michael Drake looks light on ties to the larger OC community—business or otherwise.

Different Lens on Oculus; Oakley’s Swagger; OC’s ID

No cynics allowed here, but give a bit of room for some healthy skepticism on Facebook’s $2 billion deal for Irvine-based startup Oculus VR.

Facebook’s OC Focus

$2B Deal on Heals of Google Hookup With Oakley

Orange County gave Silicon Valley and the rest of the world plenty to talk about in a 24-hour burst last week.

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Miven Portfolio Company Goes Public

A company in the portfolio of Newport Beach-based entrepreneurs Victor and Janie Tsao remained slightly above its initial price of $15 per share today, with a market value of about $156 million.

Robinson Eyes GM; Santa Ana Name Game; OC Hoop-La

Don’t be surprised if Mark Robinson surfaces once again as a key player on the national stage, now that General Motors is facing the legal music on a defect in ignition switches that appears to have kept some airbags from working and has been linked to 12 deaths.

Walker Early to OC; Doti Direct; RMV’s Next Generation

Wisconsin Governor Scott Walker will get a dress rehearsal for any presidential ambitions he might harbor—at least the part where a candidate hits up OC’s vaunted base of GOP donors.

Thumbs Up, ‘Hands Down’ for New Merage School Dean

Eric Spangenberg must be feeling plenty flattered over the recruiting job done by UCI to land him as dean for its Paul Merage School of Business.

Burress by the Hour; Doti’s Roadmap; Bealls’ Starry Night

Jay Burress had a lot of good news to go over on his first full year as president and CEO of the Anaheim/Orange County Visitor & Convention Bureau.

Newport Center Comp: $10M Per Acre; Bill & Wayne; Will on Moreno

Word from a lender backing Mike Lutton, Tod Ridgeway and Ron Soderling in their buy of the old Beacon Bay car wash offers a benchmark of $10 million per acre for land in Newport Center. The trio that’s operating as Newport Center Anacapa Associates

Gross Swats Peanut Gallery; Marblehead Update; Jacobi’s Gig

OC INSIDER Column by Jerry Sullivan

OC Tie to Libya’s Win; Martin Gives Ohio Take on Drake


OC INSIDER Column by Jerry Sullivan

W on Pacific Club Menu; Drake Derby; Times Supremely Over the Top

OC INSIDER Column by Jerry Sullivan

Pimco Parlor Game: Gross as Goliath?; El-Erian 'Miscast'?

OC INSIDER by Jerry Sullivan

Freedom’s Other Trim:Land Sale to Lyon; Locals Eye Marblehead

OC INSIDER Column by Jerry Sullivan

Freeman Works Egypt; HOF for Baker; Wang’s Loss; Zocalo’s Gain

OC INSIDER Column by Jerry Sullivan

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SJC-based Emerald Expositions Plans $350M Buy

San Juan Capistrano-based trade show producer Emerald Expositions Inc. will add some of the largest events in the U.S. to its portfolio with a pending $335 million acquisition of George Little Management LLC in White Plains, N.Y.

Will OC Economy Go From Good to Great?

ECONOMY: Potential for gain; post-recession mindset required

Orange County’s economy looks good as it heads into 2014.

Ace in Hole on Tanaka Bid? Los Al Addition; Show Me State of Mind

OC INSIDER Column by Jerry Sullivan

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SJC-based Emerald Expositions Plans $350M Buy

San Juan Capistrano-based trade show producer Emerald Expositions Inc. will add some of the largest events in the U.S. to its portfolio with a pending $335 million acquisition of George Little Management LLC in White Plains, N.Y.

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2013 Year in Review

New Energy Gets OC Back to Old Normal

Enough of all that talk about a “new normal” in the wake of the recent recession.

Register LA-Bound in More Ways Than One? Memory of Mandela

OC INSIDER by Jerry Sullivan

Gross Keeps ‘Alpha’ in Mind; China Syndrome; More Than Bit of Trend

OC INSIDER by Jerry Sullivan

Spitzer’s Other Run; Busloads for Great Park; Real Orange Aftermath

OC INSIDER Column by Jerry Sullivan

Haskell’s Big Shoes; Carpenter’s All-Nighter; Gladstone’s Comedy Act

OC INSIDER Column by Jerry Sullivan

Update on Augie; Pelican Hill Preview; Yorba Linda Listed

OC INSIDER by Jerry Sullivan

Jannard’s‘Behemoth;’ Cash Crop of Yesteryear; Arte Drills Down

OC INSIDER Column by Jerry Sullivan

Brothers Bren Both Busy; Boehner’s Take on Leadership

OC INSIDER by Jerry Sullivan

Boehner Back on Schedule; Solar Decathlon’s Break

OC INSIDER Column by Jerry Sullivan

Haddad’s Hit Parade; Martin’s Reminder; Julia’s Hometown

OC INSIDER Column by Jerry Sullivan

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