Peter J. Brennan

Senior Editor

Email: brennan@ocbj.com
Phone: 949-833-8373 Extension: 229

Recent Stories

OC Unemployment Falls to 2.8%

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.

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Carpenter Sells Stake In Pacific Mercantile

FINANCE: Longtime banker again scores hit, reaps returns

Ed Carpenter has done it again.

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Midday Stock Roundup

The S&P 500 rose 0.1% in midday trading to 2,768.80.

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Check, Please. Fund Manager Has Unusual Fee Structure

FINANCE: Firm takes cut only after making profit

Steven Check believes he owns the most unusual investment firm in Southern California.

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Midday Stock Roundup

The S&P 500 fell 0.7% in midday trading to 2,866.17.

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Commercial Bank Names New OC President

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.

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Midday Stock Roundup

The S&P 500 climbed 0.5% in midday trading to 2,927.63.

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What Will Irvine Look Like in 20 Years?

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.

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Jacobs Engineering Projects OC Work Will Explode

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.

A Patio With a View Crowns Newest OC Homes

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.

Mass-Produced Homes Like ‘Living in a Resort’

ARCHITECTURE: ‘California Room’ highlights trends

“The California Room” is designed so the home’s roof covers an outdoor patio.

Newest Homes Showcase OC Cool to World

California Rooms, Vertical Building Are Wave of Future

Fireplaces, big backyards, three-car garages and ranch houses are fading away in Orange County.

Nexem Connects to Skyrocketing Takeoff

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.”

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Midday Stock Roundup

The S&P 500 was down 0.3% in midday trading to 2,897.06.

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Umpqua Latest Bank to Expand Into OC

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.

Alaska Firm Finds Success in Irvine

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.

BPM Buys Santa Ana Accountancy

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.

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Midday Stock Roundup

The S&P 500 was up 0.2% in midday trading to 2,877.09.

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Costa Mesa VCers Do It Differently

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.

Midday Stock Roundup

The S&P 500 declined 0.3% in midday trading to 2,869.28.

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Hackers Gone Wild in Lake Forest

Mom and Pop Firm Wears ‘White Hats’

A group of hackers is working out of a 7,000-square-foot office in Lake Forest.

Midday Stock Roundup

The S&P 500 declined 0.1% in midday trading to 2,911.67.

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Midday Stock Roundup

The S&P 500 was up 0.8% in midday trading to 2,897.25.

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Midday Stock Roundup

The S&P 500 was up 0.5% in midday trading to 2,870.52, an all-time high.

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Accenture Plans Hiring; Expanding in OC

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.

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Alorica Inc. Embarks on C-Suite Hiring Spree

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.

Midday Stock Roundup

The S&P 500 was flat in midday trading at 2,841.41.

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OC Jobs Drop as State Rises

Orange County lost 10,100 jobs in July while California added 46,700, according to the state’s Employment Development Department.

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New AutoGravity CEO Tries to Avoid Potholes

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.

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Alorica Hires 4 C-Suite Execs

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.

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20 Years of Job Changes Crunched

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.

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Midday Stock Roundup

The S&P 500 rose 0.7% in midday trading to 2,840.14.

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Midday Stock Roundup

The S&P 500 fell 0.4% in midday trading to 2,821.90.

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Tourism Expert Extolls the Personal Touch

Organizes Unique Trips With Bragging Rights

Jim Jalet III knows unusual tourism like few others in the industry in Orange County.

Windes Acquires Irvine Accounting Firm

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.

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Carrick Capital Adds Stake in Health Services Firm

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.

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Midday Stock Roundup

The S&P 500 was up 0.1% in midday trading to 2,860.94.

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Midday Stock Roundup

The S&P 500 was up 0.4% in midday trading to 2,861.01.

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Midday Stock Roundup

The S&P 500 rose 0.4% in midday trading to 2,852.15.

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Buchan Exits PAAMCO with Smile

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?

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Earnings Cause Crack in Shares of First Foundation

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).

LoanDepot CEO Jumps Onto the Wealthiest List

Hsieh finds wealth, luck in mortgages

Hey, did you hear the rumor about Amazon.com Inc. buying loanDepot of Foothill Ranch?

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Tech and Tax Lift CorVel’s Insurance Business

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.

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Midday Stock Roundup

The S&P 500 climbed 0.7% in midday trading to 2,821.87.

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Midday Stock Roundup

The S&P 500 fell 0.7% in midday trading to 2,800.22.

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Banc of California Surprises Investors in Q2

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 Buys NJ Firm

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.

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True Acquires Chef’d Assets

Newport Beach-based True Family Enterprises acquired the assets of meal kit company Chef’d on undisclosed terms.

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Midday Stock Roundup

The S&P 500 increased 0.2% in midday trading to 2,806.26.

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Midday Stock Roundup

The S&P 500 was up 0.1% in midday trading to 2,806.87.

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