Pete Weitzner

Editor

Email: Weitzner@OCBJ.com
Phone: 949-833-8373 Extension: 216

Recent Stories

Some Popped the Gate, Some Just Kept Growing

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.

OC’s Largest Nonprofit Harvests New Chief Exec

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?

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OC Insider

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.

Montage, Ritz Up For Sale

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.

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OC Insider

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

Hackers Gone Wild

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.

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‘Collisions Created’

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.

Space Invaders

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.

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Kobe Bryant Fans Can Now Chant ‘M-V-C’

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.

500 Shows, One Bad

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.

They Need Space

“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.

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Merger Makes Trace3 OC’s Newest $1B Tech Company

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.

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Food Bites; Bruce’s Battles

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.

“We are a Growth Machine”

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.

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Show me an Athlete ...

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.

All That Jazz

Jazz Semiconductor’s operations in Newport Beach aren’t music to the ears of its landlord—we’ll tell you why. ...

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In Our Annual List of OC’s Wealthiest …

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.

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“That’s The Tipoff”

Talking to Bob Cluck, 30-year Chairman of Newport beach-based Canterbury Consulting Inc. Cluck’s family office manages $18.5B. He knows wealth.

Manufacturers Post 37th Expansion Quarter, But …

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.

18th Annual OC’s Wealthiest

Our registry in 2018 has a raised floor of $500 million and seven new entrants. Find out who moved into the neighborhood.

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Argyroses Join Baldwin on Cutthroat Mission

PHILANTHROPY: Saving the native fish is personal

Al Baldwin and George Argyros share much in common.

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Young and Heart

Enjoy our annual Best Places to Work issue—lists and features on top two in small, medium and large groups.

Shopping for Bargains

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 …

Manifest Maui

How OC developers are finding great success in the South Maui resort community of Wailea—with more projects on the way.

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Perspicacity; Garth-Ted Latest

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.

Scorecard: 2018 IPOs In Orange County: 2

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.

Luckey Strikes

He’s back—really. Oculus VR prodigy Palmer Luckey inks the biggest OC lease of 2018 to house his new venture, Anduril Industries Inc.

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OC Execs Flex Their Optimism in Q3 Survey

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.

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‘57 Desoto’

Paul Musco gave up his table at Il Barone Tuesday. To Jim Jalet.

Not From the Government, Here to Help You

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.

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Still Relevant

Small Business Administrator Linda McMahon in town visiting customers and SBA District HQ 48 of 68, 18 mos. into the job.

Larry Thomas, Message Man for All Seasons

Irvine Co. Exec’s Passing Hits Hard and Wide

Larry Thomas died on the morning of June 12. He was 70.

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Bring Your “A” Speech

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.

The Story of “LT”

Larry Thomas spent a lifetime as a master storyteller. Family and friends share their stories about “LT” after his passing at age 70.

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Ventura Bound?

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 Rebranding and Restructuring of CalAmp

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.

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Hard to Do

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.

New Shooter, Biggest Deal; Joe Knows Wealth

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.

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Allergan Seeks to Shed Two

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.

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Tinker to Evers, Stoecker to Niccol

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.

Walker and Hope, Niccol and Chipotle, Choose 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.

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Acorns Still Grow Here

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.

Size Doesn’t Matter in Corporate Civic Engagement

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.

The Vizio Picture

Technology editor Chris Casacchia reports on Vizio, just over one year since the $2 billion sale to China’s LeEco fell apart.

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Magic The Toastmaster

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.

Record Price for New Anaheim Industrial Site

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.

Say Yes at the Door

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.”

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‘If That Person Calls, Do You Pick Up the Phone?’

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.

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Magic Morning in Irvine

Seventeen years ago Orange County United Way President Sue Parks cofounded The Women’s Philanthropy Fund within the nonprofit.

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OC Insider

Nifty Fifty

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).

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