John Wayne Airport passenger traffic rose 2.8% in March to 923,500 compared with the same month last year; first quarter traffic was up 2% to 2.5 million.
Newport Beach-based investment firms Bellwether Financial Group and Nadavon Capital Partners made a $20 million equity investment in business software maker Club Speed Inc.
Long Beach Airport traffic dropped 19% in March to 290,000 passengers; traffic in the first quarter was down 18% to 805,000 passengers.
Karma Shows New Styles, SoCal Production Hub
Karma Automotive turned heads on the other side of the world last week with the debut of its 2020 Revero GT electric vehicle as well as a Pininfarina-designed concept car and its Vision roadster concept car at the automotive exhibition Auto Shanghai.
Economic forecasts, analysis, research, policy counsel ... quarterly review, OC execs’ expectations, 18 years running … spearheaded $50M capital campaign led to Mihaylo College of Business and Economics; dean, 18 years … biz school state’s biggest … 18 months, interim provost till Dec 2017 hire Kari Knutson Miller … Puri, 40+ years a Titan … master’s, econ, Panjab U., India; Ph.D., U Minn.
Stretto sees a booming business in the next few years.
Largest woman-owned indie ad agency … third-largest OC overall … $105M revenue, up 19% … 270 workers … clients include Alaska Airlines, Keep America Beautiful, Verizon, TGI Fridays, Gap Inc. … CEO since 2016; prior, president since 2011 … joined agency 2001 after grad SDSU … named to trade pub DMN’s 2018 Hall of Femme, she said, ‘always do the job ahead of the one you have’ … firm founder: Jill Gwaltney
The S&P 500 and the Nasdaq were both flat during midday trading at 2,905.12 and 8,000.73, respectively, while the Dow Jones dipped 0.2% to 26,513.72.
Defense and aerospace giant Boeing Co. has quietly sold a nearly 56-acre property it owns and occupies in Huntington Beach, with the land expected to make way for a new multi-building industrial development, the Business Journal has learned.
OC’s Latest Chipmaker: High on AI Applications, Low on Energy Use
Irvine semiconductor maker Syntiant Corp. has put its first batch of chips into limited production, another milestone for the closely-watched startup.
News for Squinting Eyes
When the robots and machines take over, as foretold by all from the Simpsons to the Terminator, they’ll probably use Syntiant chips.
TECHNOLOGY: $111M Raised Since ’08 Start
A $48 million funding round co-led by a local investor and a Wall Street powerhouse will fuel ongoing innovation at project management software maker Mavenlink Inc.—and more speculation on the next steps in the fast-growing firm’s evolution.
HEALTHCARE: LA’s St. Francis Among Buys
KPC Healthcare Inc. was the stalking horse that won the race.
REAL ESTATE: Gov’t Consultancy Buys Its HQ
Government consulting agency HdL Cos. is prepping for future growth through the acquisition of a sizeable office building that houses its headquarters in Brea.
SPORTS: $200M Brand- Runner P.E.-Backed
A Fountain Valley sports products firm has made a special connection with New England Patriots star Julian Edelman.
SPECIAL ISSUE: List will be centerpiece of June 17 edition
The Business Journal is preparing our annual list of the area’s largest privately owned companies for publication in June—the definitive source of information on the privately owned firms that make up so much of the local economy.
LABOR: 30 Firms Boost Corporate Workers, Too
Orange County’s largest employment agencies hit a speedbump on this week’s Business Journal list.
Sales and leases of offices, industrial buildings, retail space and apartments
John Adger Trust purchased an office building from Gonzales Family Living Trust for $1.3 million or $166 per square foot.
Irvine-based software maker Eyes4Lives has signed an agreement to license its Dr. i-Coach software to Taiwanese Quanta Computer Inc., one of the largest laptop manufacturers in the world.