INNOVATION: $1.1B in deals, job growth, more in store
Don’t tell Kristine Smith that Orange County’s a tough market for entrepreneurs to get their visions realized, projects funded, and companies launched.
Private equity sports investor ... ran Diamondbacks, Padres ... previously: top sports agent … has co-founded, invested in, sold companies with partners incl. Peter Ueberroth (see entry) … backs ALS research (see Augie Nieto) … MLB one of largest U.S. law firms, $2B revenue, 2,000 attorneys … earned bachelor’s, UCLA; JD, Villanova … endowed baseball scholarship, Bruins; founded eponymous sports law center ’Nova
Carter Hospitality Group in Santa Ana named former Fairmont Newport Beach General Manager Karl Kruger to run two Temecula winery resorts it owns.
Philip Carter in two short years has helped push the accounting department at Skyworks Solutions Inc. further into the digital age, just as he did in his previous role at Broadcom Inc.
Previously GM, West Region director, Hyundai Motor North America … named to lead luxe brand Genesis, 2016, year after launch … reports sales separately … prior: exec roles, Chrysler, Toyota … U.S. Army vet … serves Army Advisory, Executive Leadership Councils … bachelor’s, chem, math; master’s, econ, Ohio State U … raised St. Croix, U.S. Virgin Islands
Aliso Viejo-based hotel REIT Sunstone Hotel Investors Inc. (NYSE: SHO) reported better-than-expected fourth-quarter results Tuesday, with revenue increasing 3.2% to $280.9 million in the period.
HEALTHCARE: Stock surges, new hires on tap
Shares of Evolus Inc. increased nearly 70% in the week after the Newport Beach-based company announced it won regulatory approval to sell a cheaper version of Allergan PLC’s best-known product, Botox.
One of largest NB property owners, looking at other markets … affiliate opened 266K SF LBX—Long Beach Exchange—shopping center near city airport … tenants include Whole Foods 365, restaurants, fitness studios … aim similar to hip OC sites OC Mix, South Coast Collection … retail partner, Dana Point Harbor renovation (see Bob Olson, Joe Ueberroth) … co-invests with Bryon Ward (see entry)
Blizzard Entertainment Inc. may cut as much as 180 jobs at its Irvine headquarters as part of a large-scale restructuring initiated by Santa Monica parent Activision Blizzard Inc.
All major U.S. indexes rose at least 1% in midday trading as fears of another government shutdown eased on word that Democrats and Republicans reached a tentative deal Monday night.
CAS Medical’s technology “provides an important indicator of oxygen levels in the brain, which can enhance clinician decision-making,” said Katie Szyman, Edwards' corporate vice president, critical care, in a statement.
Coworking firm WeWork has inked a lease for its second large location in Irvine close to John Wayne Airport.
Irvine’s ATTOM Data Solutions has been acquired by Lovell Minnick Partners, a Philadelphia-based private equity firm, on undisclosed terms.
Du Family Helped Hoag Irvine Meet Surging Emergency Needs
In business and philanthropy, investors like ROI, return on investment.
New Zealand émigré 1989 … attorney, retail exec … develops neighborhoods, resorts in New Zealand, Texas … invests in telecom … bought into internet sports broadcasting to feed fan passion … told NZ media, ‘my son would come over at 2 AM and hack into sites’ so he could follow teams … 1990s investment house, Corporate Plaza digs … Cooper Co. domiciled in Newport Center … wife, Susan, five grown kids … Business Journal OC’s Wealthiest
FINANCE: Gross pulls plug on 48-year career
Bill Gross is calling it quits and discusses his career in an exclusive interview with the Business Journal.