Others Reinvented Themselves in the Roundup of Fastest-Growing Private Cos.
The Business Journal’s 2016 and 2017 lists of fastest-growing privately held firms sported a statistical anomaly.
NONPROFITS: Nicole Suydam goes home to Goodwill of OC
John Bon Jovi once said, “Who says you can’t go home?” Well how about twice?
This past spring, the top spot at Goodwill of Orange County opened. That’s the Yankee manager job of nonprofits—top spot at the top charity, tops 1,500 employees, nearly $125 million annual revenue, over 22,000 folks helped each year—veterans, disabled—to become self-sufficient and join the workforce, always a good thing.
The return of Jimmy P, the new breed of VC in Costa Mesa and after a six-month search see who landed the top job at the top nonprofit in the county.
In Anaheim, WAR once stood for Westin Anaheim Resort … now it describes the acrimony over $4 billion in development in the resort area. Disney just extended an “olive branch,” and the city took it, ending two tax goodies for the resort operator—the 70% rebate of the TOT—transient occupancy tax—for four-diamond hotels, and a promise not to impose a new ticket tax on the theme park
The $60 million “mom-and-pop” shop in Lake Forest isn’t your dad’s mom-and-pop ... for one thing, these hackers wear white hats.
This week our first special report on the booming coworking sector—yes booming here, not just elsewhere. WeWork has two OC locations, rumored to be looking for a third—Bascom Group-owned Premier Business Centers leads with over 20, list p. 13.
It’s more than WeWork—a look at the fast-growing community of shared space in Orange County: nearly 70 locations and 25 separate operators.
FINANCE: He scores ‘30-bagger’ investing in BodyArmor drink
It’s early, but Kobe Inc. could end up making folks forget about Kobe Hall of Fame.
In 2008 Dallas Cowboys owner Jerry Jones was pouring $1.3 billion into “Jerry World,” his state-of-the-art stadium, right in the teeth of the Great Recession. Some called it the oilman giving the finger to the GR.
“We’re growing our business, Orange County is a tremendous opportunity,” David Wolf said. Accenture PLC’s West Coast boss is looking for new local digs to support his expansion plans.
CEO: ‘I Think We’re a Juggernaut’
The merger of Irvine-based Trace3 and Data Strategy LLC in Grand Rapids, Mich. has created a formidable IT services provider with revenue surpassing $1.1 billion.
While the region’s food scene has never been more vibrant, it’s been a tough year for lovers of great food writing in the Southland.
Hayes Drumwright started the Irvine-IT firm Trace3 with $100 back in 2002. It’s grown a little. Find out how Trace3 just became the newest member of OC’s $1B Club.
In this issue Peter J. Brennan’s visit with PAAMCO’s Jane Buchan—going back to her roots not only in investing, but also track and field.
Jazz Semiconductor’s operations in Newport Beach aren’t music to the ears of its landlord—we’ll tell you why. ...
Our 18th annual special report on the wealthiest in Orange County again has the same man at the top – Donald Bren – but it also showcases new members, a higher starting point and surprising stories.
Talking to Bob Cluck, 30-year Chairman of Newport beach-based Canterbury Consulting Inc. Cluck’s family office manages $18.5B. He knows wealth.
MANUFACTURING: Labor shortage, high costs, lower index
For the 37th straight quarter, Orange County manufacturers plan to expand output, according to Chapman University’s A. Gary Anderson research Center’s quarterly survey of purchasing managers.
Our registry in 2018 has a raised floor of $500 million and seven new entrants. Find out who moved into the neighborhood.
PHILANTHROPY: Saving the native fish is personal
Al Baldwin and George Argyros share much in common.
Enjoy our annual Best Places to Work issue—lists and features on top two in small, medium and large groups.
Wrote last week of the paltry IPO numbers this year … two skinny debuts … and VC funding since 2016, save Dallas-Ft. Worth, weakest of 11 Metro regions …
How OC developers are finding great success in the South Maui resort community of Wailea—with more projects on the way.
Cylance Inc. $120M raise led by Blackstone tops in awhile here, boosts Stuart McClure’s cyber security firm well beyond unicorn status…and boosts OC growth-stagers, which enter 3Q 2018 with but 2 IPOs on the year, Evolus and Hancock Jaffe.
FINANCE: No follow-up yet to last year’s robust market
Orange County companies matched their first-quarter initial public offering performance when Irvine-based bioprosthetics maker Hancock Jaffe Laboratories Inc. went public in May, netting a modest $8.6 million. It’s since lost about a third of its value.
He’s back—really. Oculus VR prodigy Palmer Luckey inks the biggest OC lease of 2018 to house his new venture, Anduril Industries Inc.
ECONOMY: Sales hopes, hiring plans pop CSUF index to record levels
Orange County executives expect the regional expansion to keep going in the third quarter. In fact, they pushed the optimism needle into the red.
You’ve likely seen or heard their ads. Santa Ana’s Optima Tax Relief is a leading company in the business of settling debts with the IRS. They practice what they promote too -- $100M annual sales, zero debt.
Small Business Administrator Linda McMahon in town visiting customers and SBA District HQ 48 of 68, 18 mos. into the job.
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).