Irvine Co. Exec’s Passing Hits Hard and Wide
Larry Thomas died on the morning of June 12. He was 70.
It was late 2007, unusually muggy summer night at Shady Canyon Country Club. The crowd was mostly execs, mostly in suits. The guest of honor’s boss, Irvine Co. Chairman Donald Bren, sat front row.
Larry Thomas spent a lifetime as a master storyteller. Family and friends share their stories about “LT” after his passing at age 70.
It’s referred to as the Ventura Laboratory. Late ’70s to ’90s, residents of major Ventura County cities elected officials, passed laws to effect smart growth—SOAR initiatives, “save open space and agricultural resources.”
The Irvine satellite company was floundering, then it got into new business lines with a fresh look. Now it’s a telematics power and the best may be to come for CalAmp.
Rumored Allergan break-up more like a broken Snapstreak … remember Snap? Two-unit spinout could fetch $5B to $6B but will take awhile … activist investor David Tepper not known for patience.
The hits keep coming for owners of OC commercial real estate, biggest sale to date, first-time OC shopper Boston-based Rockpoint spending $150M+ for five buildings at the Summit Office Campus in Aliso Viejo.
In response to its lagging stock, Allergan Plc (NYSE: AGN) will seek buyers for both its women’s health and infectious disease units. CEO Brett Saunders confirmed the unanimous board decision in an interview with Reuters on Wednesday.
BIG stories this week, grist for the mill … FivePoint-City of Hope alliance, $200M centerpiece of Great Park Neighborhoods medical campus; Newport Beach serial entrepreneur Alan True, shifting seamlessly from China-based furniture importer to U.S. food-biz disruptor; OC-borne fintechs Acorns and SAY drawing love and lead investment from BlackRock and Steve Cohen’s Point72; and the “Did I read that right?” story, Chipotle Mexican Grill and Taco Bell-poached boss Brian Niccol getting out of Denver, escaping New York, moving HQ and as many as 250 top-level jobs to Newport Beach … low-cost, low-reg, low-tax OC.
A look at Annette Walker’s decision to leave the nation’s No. 2 hospital chain to run Hope’s first OC cancer center at Great Park Neighborhoods.
World’s largest investment manager BlackRock Inc. just took an “anchor stake” in Irvine-based fintech Acorns, micro-investing app with 3.3 million customers robo-investing their change on every purchase—often into Black Rock managed ETFs.
Just Ask 2017 Honoree Teacher Created Materials
Last year, for the first time in a local market, the Business Journal presented the 2017 Civic 50 Orange County in partnership with OneOC, recognizing the 50 most community-minded small, medium and large Orange County companies.
Technology editor Chris Casacchia reports on Vizio, just over one year since the $2 billion sale to China’s LeEco fell apart.
Bob Olson isn’t running for office in his hometown of Newport Beach, but good luck finding someone more popular in the city these days.
REAL ESTATE: Fund manager gets Rosendin’s new SoCal HQ
The sale of a fully leased new industrial building in Anaheim has apparently set a new high-water price point for large Orange County warehouse and distribution properties.
At the Business Journal’s 24th annual Women of the Year Awards, keynote speaker Julie Hill urged women starting careers to “say yes at the door.”
Looking for A Trademark in ’93
In late 1992, early 1993 Business Journal Publisher Richard Reisman and Editor Rick Reiff had been on the job just over two years, “learning fast but a lot to learn,” Reiff recalled.
Seventeen years ago Orange County United Way President Sue Parks cofounded The Women’s Philanthropy Fund within the nonprofit.
25th OC 50 … most influential businesspeople starts at the start: Our cover has newcomers like Natalia Ostensen Olenicoff, Olen Properties, Steve Jones, boss of Allied Universal. We also start at the start of OC 50 with Editor at Large Rick Reiff talking about the genesis, the tough calls—just as this year—and a list that’s mirrored the growth and depth of the OC ecosystem. (OC 50 stories, page 1, inside Special Report).
25th edition of the OC 50, most influential business leaders, includes a number of first-timers and a look back, at how this special issue began.
Judge Andrew Guilford ruled on Tuesday that the government can proceed with a third trial against health-care executive Jim Mazzo on insider trading charges.
Lawyers came to Judge Andrew Guilford’s courtroom on Monday with two motions and three arguments to prevent a third trial against Jim Mazzo for breaking insider trading rules.
Santa-Ana based ESports Arena expands to Las Vegas, with some local partners. Plus, Boeing shops a Surf City tower and how CSUF’s new boss is bringing the real economy to the Ivory Tower.
PSO, Carl St. Clair Make it To Carnegie Hall
Orange County’s Pacific Symphony played Carnegie Hall Saturday night (barring the unforeseen—The Business Journal goes to press Friday afternoon). It is as it seems. “A big deal. Always been at the apex,” said symphony President John Forsythe during the intermission of a “practice concert” at Segerstrom Concert Hall on April 14. “And to be invited and part of this series. And finishing it off there Saturday night. Very proud.”
Any job should get a little old after say, 25 years, even for those at the top of their game.
Byron Roth has run Roth Capital in Newport since 1992. The 30th Roth Capital Conference in Dana Point had 550 presenters, 4,700 attendees and Big & Rich.
Edwards Lifesciences and high-flying unicorn Rocket Labs share a passion in this week’s paper: OC’s “talent pool.”
MANUFACTURING: Labor shortage, price spikes loom
For the 36th straight quarter, Orange County manufacturers plan to expand output—as measured by Chapman University’s quarterly survey of purchasing managers.
Surf City’s Rocket Lab is about to take off, aiming to scale space with frequent trips and payloads of thousands of small satellites. Some smart money is betting on this unicorn.
Congressman Ed Royce, (R-Fullerton), took a victory lap last week before an OC Forum lunch crowd in Irvine … 36 years in office, 10 Sacto, 26 D.C. “When I was 40, putting term limits on committee chairs seemed like a good idea,” Royce joked.
Hiring Plans Goose Index Amid New Concerns
In looking to the second quarter, Orange County executives kept up the optimism. That’s according to California State University-Fullerton’s Orange County Business Expectations Survey, whose composite index held near its all-time high, dipping slightly quarter-over-quarter from 95.2 to 94.4.
We look at the collective performance of OC’s largest public cos. in the trailing twelve months, which was led by the largest—after another year of healthy returns at Edwards Lifesciences Corp.
Rsing tide of recovery hasn’t lifted all boats—2.9% growth and half of all industries undergoing disruption can reduce the boost.
ECONOMY: Deep, well- funded study a call to action
It wasn’t “please pass the cyanide,” but the report was largely sobering.
Slow Start, But OC ‘Set up for Strong Year’
The first quarter was OK for initial public offering activity, nationally and in the West—just not here.
RETAIL: Don DiCostanzo powers Pedego on the 4 Ps
Tom Bock had just sold his company when he heard about Pedego electric bikes. “My friend had a bad experience with service, went to see Don, and he got him squared away.
The cycle won’t last forever, but the OC commercial real estate community will always have 2017.
Degree Says UCI, Merage; Should Say ‘The Cove’ Too
A new report “Orange County Focus: A View of the OC’s Future” will be out this week.
Entrepreneurs abound in this issue, honorees of our 17th annual Excellence in Entrepreneurship Awards—EIE.
We feature the honorees of our 17th Annual Excellence in Entrepreneurship Awards, including high-flying, fintech AutoGravity and hybrid digital solutions/investor-incubator Cie Digital Labs.
Tech editor Chris Casacchia visits with the engineers and physicists at TAE Technologies—20+ years into vying for the holy grail of energy: a fusion-fired power plant.
Justice Department lawyers said this week they plan to try medical-device executive Jim Mazzo for a third time for violating insider trading rules after two prior efforts ended in hung juries.
ENTERTAINMENT: Ron Kobayashi’s Bayside jam turns five
“We wanted a place where we could eat late, listen to live music, and actually be able to hear each other,” recalled Mark Ghoukassian, 18-year owner of Bayside Restaurant.
We look at the biggest real-estate deals of 2017, topped by the FivePoint buy and partial leaseback of the Broadcom campus.
Longtime Orange County GOP Chairman Scott Baugh will challenge 15-term Republican Congressman Dana Rohrabacher in the 48th district.