Stories for November 1999
Monday, November 29
Rainbow Technologies, Irvine, could be $13.5 million richer in the coming months, thanks to a Department of Defense contract for phone-privacy devices.
The OC office market consists of single- and multi-tenant buildings and parks of 30,000 square feet or larger, but excluding government, medical and flex buildings. Rental rates are full-service gross. Availability is for direct lease space only and does
Prakash Upadghyaya is one of the few people who sounds unimpressed with UPS's record $5.47 billion IPO this month, or for that matter, Federal Express' perpetual stranglehold on the overnight delivery business.
A recent article in The Economist poses the question whether DuPont, the world's biggest chemical firm, can embrace "greenery" and thrive at the same time. There are plenty of profound questions to be asked when confronting the future of the planet, and s
A project in Anaheim that has received a lot of press over the past several years quietly reached a new high-water mark recently with the completion of the four-story Stadium Crossings office building.
After six years of helping customers attract workers for retail and sales jobs, American Recruitment will be looking for a few dozen employees of its own as it metamorphoses into Orange County's newest dot-com venture.
The 103-acre Soka University in Aliso Viejo is a year ahead of schedule, as planned.
Burns International Security Services has seen business pick up sharply this year after a downturn in 1998, says OC branch manager David Huenergardt.
n At Starbucks I overheard two employees talking about taking a break. Can you take a coffee break from coffee?
There are some impressive new things going on at Trilogy in Irvine, including a cool-weather menu and a couple of neoteric chefs with impeccable credentials.
Eric Sand has been named controller of the Earle M. Jorgensen Co., Brea, one of the five largest steel distributors in the nation and the fourth-largest private company in Orange County, according to this year's Business Journal list.
Orange County is officially in the throes of the holidays and those unmistakable signs of the season are everywhere: the crisp November air, malls packed with shoppers, and of course, winter-themed electronic greeting cards from Emaildirect Inc.
Much of the court record about the county bankruptcy has been sealed, including all of former assistant county treasurer Ray Wells' direct testimony. But a few depositions have been made public. A review shows glimpses of Wells trying to maintain control,
New York-based Creamer Dickson Basford recently purchased CSP Communications in Corona and has installed CSP co-owners Christopher Perez and Scott Smith to oversee management of the agency's Southern California offices.
In April 1993, the staff of the Orange County treasurer gathered for an elegant party at Elizabeth Howard's Curtain Call Dinner Theater in Tustin. The party was for the gentlemanly, soft-spoken Raymond L. Wells. After more than 30 years as a public servan
but have expressed support for light rail. Thus, they oppose a forward-looking project that would do much to address the county's air transportation needs, but they support a backward-looking project that would do next to nothing to address the county's g
Before flex tech was all the rage, Bob Searles was busy creating low-rise office campuses in an Orange County market dominated by high-rises.
It was five years ago next Monday that Orange County filed the bankruptcy heard 'round the world. Treasurer Bob Citron's gamble on interest rates had gone terribly awry, and after jittery brokerage houses dumped its collateral, the county's investment poo
Mazda will reenter the SUV market next year, with the introduction of the Tribute, a four-door SUV that will debut at the LA Auto Show on Jan. 3.
Despite reports that VC funding here is on the rise, angel investor Tom Tucker (JenStar Capital) doesn't see it, at least from local sources: "With Enterprise (Partners) leaving, we see very little VC activity here. We're doing a deal now, and the VC fund
Contractors are beginning to sound the alarm about an agreement that is being negotiated between Orange County government officials and organized labor. Such an agreement could mean labor's support for a commercial airport at El Toro, but the contractors
For the past 12 years, Pacific Industrial Partners has been taking its time, slowly assembling a commercial and industrial portfolio of more than 5 million square feet as well as 3,000 apartment units.
Our county has grown to such an extent that John Wayne Airport cannot accommodate the air traffic needed. Consequently, passenger and commercial revenue and jobs are lost by our county.
The Orange County Taxpayers Association often favors transportation projects. For example, we supported the Measure M campaign for a half-cent sales tax for transportation improvements in 1990. OCTax believed then, and believes now, that Measure M general
The St. Clair Company LLC, which has been focusing on residential development since forming nearly three years ago, last week purchased the Raytheon Co.'s 415,000-square-foot office and industrial complex at 500 Superior Ave. for $23 million.
ridiculous. Just like that, OCTA's staff has proposed lopping off most of the 28-mile system, taking populous Santa Ana and Anaheim out of the picture and reducing the project to an 11-mile stub that connects Irvine to Costa Mesa.
The Orange County Business Committee for the Arts presented 15 awards to businesses for their support of the arts at its 18th annual awards ceremony held Nov. 21.
That's the question Peter Brennan put to many of the players in the bankruptcy, and to a few prominent observers. Opinion was almost evenly divided; many people gave reflective, qualified answers. We think you'll find their responses fascinating. We prese
Bruce Furniss of Grubb & Ellis' Anaheim office has brokered the nearly $2.2 million purchase of a 44-unit apartment complex in Azusa by a private investor.
California Service Center staffers are overworked and under-trained, say some local immigration attorneys. The result, they say, is that Orange County businesses attempting to import employees have a long, long wait.
The managing editor of Fortune magazine, John Huey, all but dismissed Los Angeles as a major technology center during a dinner speech in Beverly Hills. In town for a promotional event for the magazine, Huey pointed out that most big cities these days have
The number of SBA loans originated in Orange County dropped this year, but the average loan shot up 30% to more than $320,000, increasing the total loaned by nearly $20 million to $137 million.
NeoTherapeutics Inc. of Irvine has formed a subsidiary called NeoGene Technologies Inc., which will work with UCI Medical Center's research team to develop drugs that could eventually treat obesity, cardiovascular disease, stress-related health problems a
Fred Jager is expanding his eight-month-old Newport Beach investment banking firm, Hunter Wise Financial Group LLC, across the country and the globe.
Thomas Roberts and Kenneth Hoffman, owners of Fashion Craft Flooring Company, purchased a 20,324-square-foot building in Anaheim. Clifford Holdings Inc. sold the property for a value of $1.56 million. Doug Himes and Jim Oliver of Lee & Associates of Orang
Monday, November 15
Orange County's booming economy has drained the area's pool of available talent--OC's unemployment in September was 2.6%, one of the lowest figures in the nation--spurring increasingly creative efforts by local firms to attract and keep employees as it cr
Sixty-eight percent of non-poor uninsured (those with incomes above $33,000 for a family of four) believe the price of health insurance to be greater than the actual cost of plans available where they live. Though only 10% are eligible for health coverage
While many are talking about the fabulous Nasdaq, which recently topped 3,000 and is up 48.4% for the year, the Billion-Dollar Club has done even better--it's up a champagne-popping 58.4% year-to-date.
Advantica Restaurant Group Inc. said it will sell its Irvine-based El Pollo Loco unit to American Securities Capital Partners, New York, for $114 million; terms of the deal include an investment by El Pollo Loco president Nelson Marchioli, and four other
Ericsson's CyberGenie PC Cordless Phone System hasn't hit the stores yet, but the company is already getting orders for the virtual office assistant from customers who saw FCB Worldwide's store window displays in New York last month.
Purists may argue over whether the millennium will begin in 2000 or 2001, but for the Orange County tourism industry, it's 2001.
Printronix Inc., an Irvine company that makes network-connected printers for industrial applications, is finally pulling its operations under one roof with a new 186,000-square-foot headquarters and manufacturing center.
Orange County has a new group of market cap leaders. None of the top five in market cap on the OC Business Journal's list in March have stayed in the same ranking.
Husband and wife team Johnny and Barbara Cox were appointed vice president, ethics/values integration and assistant vice president, ethics/values integration, respectively, by St. Joseph Health System, Orange. Johnny Cox was most recently vice president,
Despite dropping workers' compensation rates the past five years, the top 20 commercial insurance brokers in Orange County increased their total revenue 6% this year, and most industry folks attribute it to the economic growth in the county.
We're in the money, and according to some who've seen recent venture capital activity, Orange County's got a lot of what it takes to get along in the technology arena.
Johnny So was named general manager of the Disneyland Pacific Hotel in Anaheim. So, who was most recently vice president of hotel operations for the Desert Inn Resort in Las Vegas, replaces Tony Bruno, who was recently named GM for Disney's new Grand Cali
The cold war between newspaper titans The Los Angeles Times and The Orange County Register has taken an unusual new direction. They have agreed upon a common enemy--the Audit Bureau of Circulations.
In the second sentence of his Aug. 30 cover story on office rents, Murray Coleman states that Orange County has "no traditional downtown."
It might not be obvious looking at the hockey puck dents in the walls, war toys scattered around the office or the bamboo beads that serve as an office door, but for the 25-person crew at Handshake.com, e-commerce is serious business.
There's hope for businesses desperately seeking high-tech employees. It's called an immigration attorney.
Darrell Denny sits in his Laguna Beach office, his right arm still in a sling six weeks after he dislocated it in a fall from a mountain bike.
Pacific Sunwear of California Inc., Anaheim, reported earnings of $12.3 million on revenue of $124 million for the fiscal third quarter ended Oct. 31, compared with earnings of $8.1 million on revenue of $91.8 million in the previous third quarter. For th
Q & A;: Co-Director of Anderson Forecast Assesses Effects of Technology, Tight Labor Market
Bank Union sold a 28,313-square-foot building to Irvine Old Town LLC for $3.5 million. The office building, known as the Historic Warehouse, is in North Irvine's Old Town Irvine complex. Gene Shook of ITC Real Estate Group represented Bank Union.
Just three months after launching its newest ad campaign with the tag "It's Amazing What Grows in Los Angeles," the New Los Angeles Marketing Partnership is having growth problems of its own.
Concerns over hazardous waste on the site of the proposed Belmont Learning Center has become the chief rallying cry of the project's critics. The concerns have jeopardized the completion of the half-finished school, plunged the Los Angeles Unified School
One of America's premier female winemakers, Dawnine Dyer of Domaine Chandon, will be on hand to share with us (yes, I'm going to be there) the story of her 23 years with the winery at an exceptional dinner at Trilogy in Irvine on Friday, Nov. 19 at 7:30 p
With the recent revamping of the Shops at Mission Viejo, surrounding real estate values are bound to go up.
One of Orange County's largest office complexes, Koll Center Irvine, is up for sale.
Premier Works Convention for Orders; PacifiCare Unimpressed by United HealthCare Plan
Mark Howlett thought he was retiring in 1997 when he left DataWorks Corp., the company he co-founded and helped build into a $200 million-per-year, 1,350-employee software maker. Since the departure, the company has merged with Platinum Software, the once
It's been two years in the making, but officials with Seagate Technology Inc. say their efforts to create a new generation of super-fast, high-capacity tape storage devices are finally paying off, with a line of new products being introduced this week.
Sitting in front of a wall of windows at their Costa Mesa office, Thomas McCarthy and Edward Cook can see workers tending rows of crops.
YOU'D THINK PUBLIC OFFICIALS WHO RECENTLY WENT THROUGH AN EMBARRASSING county bankruptcy would be able to spot another boondoggle when they see it coming down the tracks.