Stories for August 2001
Monday, August 27
When looking at the Chicago metropolitan industrial market strictly by the numbers, second-quarter activity levels showed a significant improvement over those of the first quarter. Absorption, while still negative, was much improved; the vacancy-rate incr
Santa Ana-based National Water & Power Inc., a provider of billing and customer software to utilities, has received $15 million in funding from Energy Investors Funds Group, part of London-based Dresdner Kleinwort Capital, and others.
The overall vacancy rate for retail space in Orange County dropped in the second quarter to 8.0%, down from 8.4% at the beginning of the year. The drop in vacancy was led by the demand for space in South Orange County, where the vacancy rate dropped below
Irvine-based DisplayWorks, a designer and builder of tradeshow exhibits, earned the "Best of Show" award at the World Shoe Association Convention earlier this month in Las Vegas. The show is put on by the Newport Beach-based World Shoe Association.
Believe It or Not, There Still Are High-Visibility Vacant Parcels Available in OC
The vacancy rate for office space in Orange County rose to 12.8% in the second quarter, due to the addition of 1.6 million square feet of completed construction, which entered the market with a vacancy rate of 61%. The vacancy rate rose to 12.4% in the Gr
Phoenix-based Kitchell Development Co. has started work on the second phase of Seal Beach's Old Ranch Towne Center with all but 14,200 of the 287,000 square-foot retail center leased.
Opening an executive search firm in the teeth of an economic slowdown is tough timing, but Chris Bull and Rod McDermott say their business is faring well in its first year.
Power was going to get cheaper,taking the sting out of at least one part of California's high cost of doing business.
Mission Viejo-based Sir Speedy Inc., a franchisor of printing centers, has unveiled a new marketing campaign for 2002.
- Cable Business Journal, guest: Maria Chavez-Wilcox, see local listings for times and channels
Despite economic concerns and the relaxation of activity, the Orange County industrial market held strong in the second quarter with a vacancy rate of just 2.0%. While the M & W; vacancy rate has crept up in the past two quarters from a historical low of 1%
Santa Ana is continuing its push to consolidate Orange County's international trade offices at its 900 N. Broadway building, home to Mexico's first U.S. trade center
Aliso Viejo-based FreeRealTime.com Inc., which filed for bankruptcy protection earlier this year, has signed an agreement to sell its RedChip.com Inc. subsidiary.
Hold the remote: The Insider hears stirrings that the Times and Register are separately looking into the possibility of rescuing or replacing cable channel OCN, which owner Adelphia Communications plans to shut down on Sept. 7 The El Toro airport effort
California's energy crisis, dot-com layoffs, and bankruptcies continue to leave Orange County's economy in a state of uncertainty. The series of Federal Reserve interest rate cuts and the arrival of tax rebate checks in the third quarter should spur consu
With backing from Alex. Brown Realty Inc., Irvine-based CIP Real Estate has been busy doing deals.
Hunsaker & Associates promoted Fred Tice to partner. Tice is based in the firm's Irvine office.
Irvine-based LPA Inc. has landed what it called the largest contract in the architectural firm's 35-year history.
The Irvine office of Dallas-based Trammell Crow Co. plans to bring a 383,250-square-foot office campus to one of Orange County's prime, undeveloped parcels.
Samsung Electronics America, a Richfield Park, Penn.-based arm of South Korea's Samsung Group, is relocating the headquarters for its digital information technology unit to 51,263 square feet of space in Irvine's Park Place.
Dallas-Fort Worth: The Dallas/Fort Worth industrial market absorbed more than 1.7 million square feet during the second quarter, slightly lower than the 2.0 million square feet absorbed in the first quarter. The demand trend indicates steady tenant intere
PacifiCare Health Systems Inc., Santa Ana, received from its lenders a one-year extension on $800 million of debt; meanwhile, PacifiCare received approval to offer new preferred provider organization plans in California, Texas and Oklahoma The Federal R
There are lots of wine dinners around, but the Salt Creek Grille, the attractive Craftsman-inspired restaurant in Dana Point that serves mesquite grilled American classics, has a fine line-up that I think my readers should know about. You should also know
Irvine-based Paciolan Systems, a ticketing software provider, has hung out its shingle in Canada to support two new performing arts clients there.
Competition for senior talent is leading healthcare institutions to dole out the money to hook their executives, a new study shows.
Call it the NAFTA grid. Power buys from Baja California in Mexico have helped keep the lights on in Orange County and the rest of the Golden State. So too have purchases from the country's other North American Free Trade Agreement partner,the one to the n
Roy, Utah-based Iomega Corp., a maker of high-capacity diskettes, drives and other data storage products, is looking in Lake Forest, Rancho Santa Margarita and Foothill Ranch to relocate its headquarters, a company spokesman said.
I attended the Aug. 15 community open house at Saddleback Community Church, where I happen to be a member. I attempted to listen to the county's "Just the Facts" presentation and the questions and comments of those who attended. I was completely appalled
If there's any truth to the adage that history repeats itself, we might see consolidation among networking gear component makers by as early as next year.
Irvine-based Advanced Construction Solutions has started work on a 22,800-square-foot office and medical building in Santa Ana.
On Oded Ben-Ezer's desk is a bright yellow and green stuffed turtle. Why hide it? The man just goes ga-ga over baby toys.
PacifiCare Dental and Vision, an Anaheim-based unit of PacifiCare Health Systems Inc. in Santa Ana, introduced a new series of dental health maintenance organization plans. The plans come in five variations and have higher premium levels.
Projects Under Construction in OC in the Second Quarter, Ranked by Square Footage
The diversified complexion of industries that comprise the Los Angeles business community may be a key factor in moderating the effect of the economic slowdown on the LA office market. A wait-and-see approach adopted by many local businesses in response t
Monday, August 20
Just how hot are investors on biotechnology in the wake of the dot-com implosion, genomic explosion and prospects for stem-cell research?
CB Richard Ellis Investors LLC's Strategic Partners, a real estate investor and pension fund adviser, has made its first Orange County deal by buying 3 Hutton Centre in Santa Ana.
Two Orange County biomedical companies have landed venture funding, nabbing more than $20 million in two separate deals.
Driven by 3.7 million square feet sale and lease activity, second-quarter net absorption of industrial space in San Diego totaled more than 1 million square feet. The industrial vacancy rate continued to decline, falling to 5.6% in the second quarter fro
Costa Mesa-based Apria Healthcare plans to move its headquarters to Lake Forest in December.
When Disney's Grand Californian Hotel opened in Anaheim last January, it set a new standard for resort hotels in North Orange County that has helped boost room rates in that market. But South County, with only 6% of the county's meeting space in major hot
It's a good thing I am not starstruck, otherwise I would have gotten whiplash from trying to keep tabs on all the celebrities that were dining all around me lately at Aqua restaurant in the drop-dead gorgeous new St. Regis Hotel in Dana Point.
Chocolates, robotic puppets and magicians aren't necessarily what comes to mind when you think trade shows. But those were among the offerings of Orange County companies on hand at last week's Trade Show Exhibitors Association show at the Anaheim Conventi
Irvine-based Specialized Marketing Services Inc. has opened a satellite office in Oahu, Hawaii.
Lawrence Mayo & Ponder, Newport Beach, appointed Maria Nepite associate creative director. Nepite will lead the company's Latino marketing team.
The meetings and conventions business nationwide has been hit hard by a slowing economy that has resulted in reduced attendance, fewer exhibitors and some cancellations,particularly in the tech sector.
Expecting continued slow sales this quarter and the next, Conexant Systems Inc. has written off $17 million of a deposit paid to a contract chipmaker, according to a recent filing with the Securities and Exchange Commission. Conexant was set to get the de
CDS Office Products purchased the 23,000-square-foot-bulding at 3590 Cadillac Ave. in Costa Mesa from Peter Sloan Family Trust for $2.01 million. Tim Arguello of Lee & Associates' Newport Beach office represented both parties in the sale.
Attendance at Orange County conventions is expected to top 1 million for the first time since 1994 this year and leisure business is healthy, if not robust. But full-service hotels are still feeling a bit of a pinch from lower-than-projected visitor count
Listening to pundits debate the chip industry's future is like listening to dueling banjos. For every argument chips soon will come back from their year-long slump, there is an identical argument they won't.
Just ask Jose de Jesus Calleros, who heads up Mexico operations for Cal Pacifico, a Newport Beach-based production management company that serves U.S. companies that produce in and around Tijuana.
Chriss Street gained notoriety as a soothsayer of Orange County's bankruptcy. More recently, he's been building an empire of trailers for cargo trucks.
Despite a slowing economy, cutbacks in corporate business travel and caution on the part of vacationers, Orange County's largest travel agencies were able to grow their revenue by 8% for the 12 months ended June 30. But that pace of growth was slower than
Although a recent survey by Deloitte & Touche LLP found shoppers mostly upbeat about the economy and willing to spend, local surfwear apparel retailers and manufacturers are being at best cautiously optimistic about sales this back-to-school season.
FutureLink Corp., Lake Forest, filed for bankruptcy protection for its U.S. operations, laid off most of its 580 employees and said it intends to shut down; trading in its shares was halted on Nasdaq Kaysun Holdings will acquire Fullerton-based Day Runn
Agoura Hills-based Easyriders Inc., the magazine publisher formerly headed by Orange County businessman John Martin, is going back to what it knows best: motorcycles and tattoos.
Long before our lights went out, the housing crisis was prologue to today's energy disaster.
Orange-based Chapman University's Leatherby Libraries Campaign received a $1 million gift last month, bringing the $20 million project's amount raised to $13 million.
San Diego-based Burnham Pacific Properties Inc. has sold its interest in Olympiad Plaza, a 94,000-square-foot market and drug retail center in Mission Viejo.
- IRS Tax Collection Procedures (Orange County Chapter of Enrolled Agents) Anaheim 6 p.m. $30/$35 (714) 669-1708
The predicament isn't new for dot-coms, but it has lit a fire under Autobytel, an online auto referral service. Last week the company paid $15.6 million in stock for struggling rival Autoweb.com Inc., a Santa Clara-based online service for car buyers. Aut
Now that the Anaheim Convention Center renovation is complete and locals have had a breather from almost four years of construction, the city is turning its attention to the last element of the Convention Center complex in need of a facelift: the arena.
The Insider hears that Roy, Utah-based Iomega Corp. is looking to relocate to the "Orange County area" Democrat-oriented Manatt, Phelps & Phillips has some big plans for its beachhead in Republican-dominated Orange County. The LA-based law firm is takin
California Federal Bank, the second-largest banking institution based in the state, plans to expand its operations in Orange County by going after new customers and adding more branches.
Newport Beach-based Pacific Investment Management Co. has raised $745 million through three new mutual funds investing in municipal bonds.
California's mandatory nurse-staffing ratio law, the first in the country, is set to go into effect in January. And hospitals in Orange County and the state could have to dip into their tills to ensure compliance, according to a new analysis of the law.
Orange County and the rest of California not only escaped rolling blackouts last week but saw a surplus of power, even as temperatures neared 100 degrees and higher in inland OC and elsewhere.
Monday, August 13
Delta Associates, the research arm of Transwestern Commercial Services has released its midyear office report, putting into perspective what many of us already knew. But there were surprises, too.
Local MS Society Pursues Corporate Strategy; PacifiCare Provides Health Info
Don't be fooled by Murray Rudin's small, paperless office in Irvine, his casual way of talking or the size of his staff.
SAN DIEGO'S BALBOA PARK IS A MODEL OF WHAT COULD BE AT THE former El Toro Marine base if backers of a park initiative have their way.
Workers' compensation started in the early 1900s to provide medical care and disability payments for injured workers. Workers liked the idea of medical treatment and cash benefits while off of work, and employers embraced a system that focused on treating
According to this week's Business Journal list, the 35 largest hospitals here collectively grew net patient revenue and net income from operations in the past year. They would have done even better if not for a restructuring-related loss at No. 10 Anaheim
Foxconn Electronics Inc., a Taiwanese maker of PCs, components and telecommunications gear, is undertaking a big expansion of its Fullerton assembly operation with plans to grow employment there from 600 to about 1,000 by year's end.
Edison Mission Energy, Irvine, sold $400 million in seven-year notes at 10%, about 3.5 points more than similarly rated issues by other utilities A federal regulatory judge said El Paso Corp. subsidiaries may have shared inside information illegally as
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Fountain Valley memory module maker Kingston Technology Co. on Friday announced the formation of a joint venture with China Great Wall Computer Shenzhen Co., China's largest PC manufacturer and distributor.
A marketing campaign by young Irvine chip designer Valence Semiconductor Inc.,slated to start earlier this month,has been pushed back a month as the company readies the finishing touches.
Tustin-based TDK Semiconductor Corp., a unit of Japanese electronics maker TDK Corp., has identified two investment banks to underwrite a planned public offering for the chipmaker, a company spokesman said.
Newport Beach-based O'Connor & Company Securities, one of the county's largest municipal bond underwriting firms, has been acquired by Dallas-based Southwest Securities Group Inc.
The University of California, Irvine, has been studying combustion engines since the 1970s and fuel cells for the past few years. But the university's research into energy issues has taken on new significance with California's power crisis.
Anaheim-based SunCal Cos. sold a 17.6-acre parcel in the Brentwood masterplanned community in Victorville to EMOR. Dan Tate and Craig Atkins of O'Donnell/Atkins Co. negotiated the deal.
Symbol Technologies Inc., the Holtsville, N.Y.-based maker of bar code readers, has leased a Lake Forest building for $5.4 million and plans to move in November from its current Costa Mesa facility in a bid to make room for planned new hiring in the next
Tom Allen, executive vice president and chief financial officer at ACME Communications Inc., sees some sunshine in an otherwise dismal 18 months of soft advertising sales.
Graduates of Western State University College of Law in Fullerton have gone on to courthouses and private practices across Orange County and beyond. Now, James Hogg, the school's new dean, wants to see more of them in board rooms.
It's hard enough jumping through local government hoops to gain approval for a project.
Hispanic ad shop al Punto Advertising Inc. has been tapped by Washington, D.C.-based Total Compass Entertainment LLC to promote a new circus targeting Latinos.
- 2001 Women of Excellence Awards (Northern Trust Bank of California) Newport Beach 5:45 p.m. $100 (714) 830-6077
PacifiCare Health Systems Inc. has signed a $15.7 million lease for 93,535 square feet of space in Cypress. The Santa Ana-based managed care company's new building is close to subsidiary PacifiCare of California's home office in Cypress.
Penn Corporate Relocation Services, Santa Ana, appointed Ron Larrieu president and chief executive officer.
How confident are AmeriSource and Bergen Brunswig that their proposed combination will go through? The Insider hears that measurements for new corporate signs already have been done at Southland facilities of the two drug distributors. Late last month, Am
The Brea unit of Pasadena-based Avery Dennison Corp. has launched a new line of compact disc labels and software. The new line, dubbed AfterBurner by Avery, is geared toward music fans, graphic artists and other specialized users looking to customize and
Reimbursements from insurance companies and government agencies aren't the only sources of funds for Orange County hospitals. In some cases, particularly among not-for-profit or nonprofit facilities, they also depend on support from foundations or the wor
While Washington and Sacramento attempt top-down reforms of the healthcare industry such as the patient's bill of rights and the state department of managed care, some OC companies are in the forefront of what could become bottom-up changes in the way Ame
Monday, August 6
Later this month the Family Business Council, part of California State University, Fullerton's College of Business and Economics, will start offering an elective course, "Family Business Dynamics," that will deal with the issues of ownership, succession
The California Institute for Telecomm-unications and Information Technology,a joint effort of the University of California's Irvine and San Diego campuses with facilities at both schools,last week got another $25 million in capital funds from the state.
With companies facing unexpected electricity rate increases and major utilities like San Francisco-based Pacific Gas & Electric in or flirting with bankruptcy proceedings, all the Big Five accounting firms are seeing big increases in activity related to C
With the current economic slowdown, bankruptcies are on the rise and along with that comes an increase in demand for accounting firms that provide bankruptcy services.
Orange County employers who had to dip into the till to pay more for health insurance for their workers last year will have to dig much deeper in 2002, brokers and benefits professionals warn.
Those who attribute their fortune to real estate make up nearly a third of the Business Journal's listing of the county's 20 wealthiest people.
The Securities and Exchange Commission is investigating whether energy consultants retained by Gov. Gray Davis traded energy stocks based on privileged information; five were fired by Davis and a sixth quit; meanwhile, Davis press secretary Steve Maviglio
Westminster-based Little Saigon Radio, a fixture in the Vietnamese community, is backing a new English-Vietnamese newspaper called Viet Tide.
After years of asking for a back-to-school trade show, surf industry manufacturers are having to get the lines and money ready to attend two.
Four years after Cox Communications established a commercial broadband division in Orange County, the company has bagged a whale. Cox Business Services has signed a 25-year non-exclusive agreement with The Irvine Company to build the broadband infrastruct
THIS ISSUE'S LISTING OF OC'S RICHEST PEOPLE IS ONE OF THIS PAPER'S MOST ambitious undertakings yet. It is also a refutation of the cynical notion that in America the rich get richer while everybody else is out of luck.
Tustin-based Hilary Kaye Associates says it has been holding its ground and then some during a tough time for public relations firms.
Viking Components Inc., Orange County's third-largest memory products maker, has retained Los Angeles investment bank Murphy Noell Capital LLC to explore strategic alternatives, according to an industry source familiar with the situation.
The high-rise sector led the Orange County office market in bouncing back from a slow first quarter, with high net absorption and increasing asking rents in the second. Proving the strength of the high-rise office sector and the demand for high-quality, h
Address: 1 Monarch Beach Resort, Dana Point (in the St. Regis Monarch Beach Resort & Spa)
Keith D. Crafton was named chief operating officer at Murphy, Murphy & Murphy in Los Alamitos. The law firm also hired Brian Castorena as a tax senior.
More wealth management firms are opening shop or expanding their operations in Orange County to meet the increasing demand here for asset protection, asset transfer, retirement planning, tax shelter and estate planning by wealthy individuals.
The big names of optical networking may be in the dark for now, but startups in Orange County are basking in the glow of venture funding.
Perhaps no one knows that better than Jerry E. Mandel, president of the Orange County Performing Arts Center, a frequent beneficiary of OC's wealth.
Laguna Hills-based Guthrie Development Co. acquired the Tustin Freeway Commerce Center for $10.1 million from the Tustin Freeway Commerce Center LP. The 184,032-square-foot industrial complex is at 320-694 B St. and 320-437 Sixth St. Alan Pekarcik of Voit
Southern California could stave off recession in the final half of the year, but not without running into some lean times, according to a mid-year forecast by the Los Angeles County Economic Development Corp.
If an employee wears glasses, has high blood pressure or was once diagnosed with a life-threatening disease, is he or she disabled?
Scott Blum has landed money the old new-economy way: starting and selling companies.
Despite bad tech news recently, analysts have issued more warm and fuzzy comments.
Newport Beach-based O'Connor & Co. Securities, an underwriter of bonds from cities and other government agencies, has brought in two Hispanic investment bankers as it sees the ranks of Hispanic officials rising in government.
Orange County's largest accounting and management consulting firms trimmed their total employment 3% in the past year, as the economic slowdown that hit the tech sector hardest rippled out to professional services.
The Los Angeles Times plans to cut 1,720 production and distribution jobs,including potentially about 240 in Orange County,as part of two separate moves, one of which previously was announced.
A UCI College of Medicine team of researchers scored a $2 million grant from the National Cancer Institute to use advanced scanning techniques to determine whether early changes in breast cells lead to cancer.
Adolf Schoepe, the 97-year-old founder and chairman of Fluidmaster Inc. and co-founder of Kwikset Lock Co., died July 29 in Fullerton after a brief illness.
Size doesn't always matter. Take for instance the deal bringing The Turnip Rose back to its original location at 1901 Newport Plaza in Costa Mesa. The Turnip Rose signed a 10-year lease for approximately 15,000 square feet.
As you'd expect, OC's tech slump is making its way to the service sector. Rajiv Vyas hears that big accounting firms are reviewing their budgets, with an eye toward staff cuts. Vyas has been told that accounting seniors at UCLA and Cal State Fullerton hav
In spite of the plethora of letters pro and con, there probably will be no Great Airport or Great Park at El Toro in our lifetimes. That brings me to a modest proposal for the utilitarian usage of the 4,700 acres when we're all "six feet under."
Special Report: Accounting and Professional Services Non-financial audits are a growing business for the Big Five
The non-traditional auditing sector has become a big area for the Big Five accounting firms,in many cases this business has been showing double-digit growth in yearly revenue.
Mario "Maji" Melendez says his newest business venture is a romantic story of sorts.