Peter J. Brennan
Orange County’s unadjusted unemployment rate fell to 2.8% in September from a revised 3.1% in August and 3.3% a year earlier, according to the state Employment Development Department.
FINANCE: Longtime banker again scores hit, reaps returns
Ed Carpenter has done it again.
FINANCE: Firm takes cut only after making profit
Steven Check believes he owns the most unusual investment firm in Southern California.
Irvine’s Commercial Bank of California (CBC) appointed Michael J. Helmuth to a new role as Orange County market president and Claudia Bodan to a similar new role for Los Angeles.
Haddad: Higher Density, Homes Without Garages, Ridesharing
Emile Haddad is experimenting with something that at first glance appears antithetical to the Southern California lifestyle—a home without a garage. And a homeowner who’s not a car owner.
Local Boss Says Best He’s Seen in 30 Years
Lewis Cornell, Jacobs Engineering Group Inc.’s top representative in the Western U.S., has his hands full when his company bought Englewood, Colo.-based CH2M Corp. last year.
Three-Story Models Address Land Shortage
Kevin Karami and his son Dustin pointed out the differences among the three next-door houses they designed in Irvine’s Great Park Neighborhoods.
ARCHITECTURE: ‘California Room’ highlights trends
“The California Room” is designed so the home’s roof covers an outdoor patio.
California Rooms, Vertical Building Are Wave of Future
Fireplaces, big backyards, three-car garages and ranch houses are fading away in Orange County.
Staffing Boom Grows Sales Nearly 2,000%
When Matthew Blake was asked how many offices Nexem Corp. has nationwide, he hesitated before saying, “That’s a dynamic number. It might be more than 50.”
FINANCE: Northwestern icon to double OC size
Orange County has about 3,000 middle-market companies, more than the 700 companies in Portland and 2,000 in Seattle area.
SERVICES: Ahtna Design wins fans for its construction expertise
An Alaska-based firm owned by an indigenous tribe is seeing its construction management firm do quite well in Irvine.
San Francisco’s BPM LLP, one of the 50 largest accountancies in the country, is entering Orange County with the purchase of Santa Ana’s Kramer & Olsen Accountancy Corp.
FINANCE: CerraCap pair tries to hit all out of the park
CerraCap Ventures LLC co-founders Saurabh Ranjan and Saurabh Suri decided to try a different model when they began the venture capital firm in 2015.
Mom and Pop Firm Wears ‘White Hats’
A group of hackers is working out of a 7,000-square-foot office in Lake Forest.
SERVICES: World’s No. 1 seeks office to tout latest technologies
Accenture PLC’s new Southern California boss, David Wolf, has big plans for Orange County.
SERVICES: Irvine giant names CFO, COO, CIO
In 2015 and 2016 Irvine-based Alorica Inc. quadrupled annual revenue to $2.4 billion and employee count to 100,000.
Orange County lost 10,100 jobs in July while California added 46,700, according to the state’s Employment Development Department.
FINTECH: Vows smoother ride after leadership shakeup
AutoGravity Corp., the Irvine fintech recently embroiled in management turmoil, is for sure keeping one thing: a wooden slide employees use to spirit themselves from the second floor to the first.
Alorica Inc., an Irvine-based outsourcing company with 100,000 employees, said it hired several high-level executives: Chief Financial Officer KJ Tjon, who replaces Cindy Fiorillo; Chief Operating Officer Greg Haller, and Chief Information Officer Steve Phillips.
ECONOMY: More now in health, business services
Social workers and business consultants were the biggest job winners in the past two decades in Orange County.
Organizes Unique Trips With Bragging Rights
Jim Jalet III knows unusual tourism like few others in the industry in Orange County.
Windes Inc., a Long Beach-based accounting firm, has acquired Irvine’s Allen, Haight & Monaghan LLP. Terms weren’t disclosed; the firms will practice under the moniker of Windes.
Newport Beach’s Carrick Capital Partners LLC bought a majority stake in Discovery Health Partners, a payments company in the health industry. Terms weren’t disclosed.
Finance Whiz to Focus on Quant Fund
How does Jane Buchan feel about departing the chief executive role she had for 16 years while building Pacific Alternative Asset Management Co. into one of the world’s largest fund of funds?
FINANCE: Irvine Firm Facing Rate Challenges
If you want to know what a “challenging interest rate environment” looks like, just ask First Foundation Inc. (Nasdaq: FFWM).
Hsieh finds wealth, luck in mortgages
Hey, did you hear the rumor about Amazon.com Inc. buying loanDepot of Foothill Ranch?
Shares of Irvine’s CorVel Corp. surged 4.8% to $57.35 in after hours trading Tuesday after the insurance managed service provider reported first-quarter earnings rose 35% to 62 cents a share. Shares gave back those overnight gains in midday trading Wednesday.
FINANCE: Pacific Premier, Opus shares fall on Q2 reports
It was Banc of California Inc.’s (NYSE: BANC) turn for an Orange County-based bank to impress investors.
CoolSys, a Brea-based refrigeration and heating company, bought Energy Squared LLC, a consulting engineering firm providing electrical and refrigeration engineering analysis and design for buildings. Terms were undisclosed.
Newport Beach-based True Family Enterprises acquired the assets of meal kit company Chef’d on undisclosed terms.