Stories for February 2001
Monday, February 26
TDK Semiconductor acquired a 164,330-square-foot industrial building at 3190 Miraloma Ave. in Anaheim from The Hamilton Co. for $12.4 million. Mark Larson and Gary Stocke of CB Richard Ellis represented TDK. Jeffrey Chiate, Bob Griffith and Rick Ellison o
If anyone's noticed that Newport Beach-based Conexant Systems Inc. has lost its appetite for acquisitions, they aren't whistlin' Dixie. As Wall Street sours on chipmakers, Conexant has gotten off the buying binge in the past few months and most likely wil
The Manufacturing and Warehouse sector, which makes up the majority of the Orange County industrial market, has grown to 5,451 buildings totaling approximately 200 million square feet. North Orange County accounts for nearly half of the entire M & W; base, a
Southern California's Investment Banking Market is Served Mostly by Regional Firms
Quiksilver Inc.'s Roxy division has put plenty of boardshorts, T-shirts and shoes into girls' closets, but this year the company's junior's division is aiming for the bathroom with a new cosmetics line.
For the first time in more than five weeks, the state's electrical grid operated free of an alert or emergency declaration; Gov. Gray Davis said the state could seize Pacific Gas & Electric Co.'s power lines using eminent domain if negotiations for a stat
Chicago-based Heidrick & Struggles International Inc., an executive search firm with 50 years under its belt filling top positions at big companies, couldn't say no to a little online action.
Come next year, physicians wanting to practice near Western Medical Center-Anaheim stand to have more office space options.
Sleeping with the enemy: With former El Toro commander Art Bloomer back from a gig in Washington, D.C. to head the pro-El Toro-airport Orange County Regional Airport Authority in Garden Grove, where has he chosen to live? In the anti-airport hotbed of Irv
Tenet Healthcare Corp., Orange County's largest hospital operator, named chief executives last week to head three of its 10 local facilities.
Like other industries, Orange County hotels have been hit with a dramatic surge in the cost of power in the current crunch, but hoteliers are holding the line on room rates, at least for now.
There's a whole lot of shaking going on with publications aimed at Orange County's glitzy gold coast.
Westminster Councilman Tony Lam, the nation's first Vietnamese elected official, sounds tired and a little exasperated these days.
Deposit growth at OC's largest 24 banks has slowed almost to a standstill, which bank officers attribute to a slowing economy and the movement of depositors' dollars to other investments.
Los Angeles-based Pacific Theatres Corp. has broken ground on a $60 million, 275,000-square-foot retail complex on the site of a former Anaheim drive-in.
San Jose-based contract electronics maker Sanmina Corp. has opened a 100,000-square-foot plant in Costa Mesa with plans to hire at least 40 employees initially, according to plant manager Jim Ryan.
With the Detroit-based Comerica Bank's recent acquisition of Imperial Bancorp of Los Angeles, eyes have turned to City National Corp., essentially the last Southland-based independent banking survivor of significant size.
A year ago, Newport Beach-based healthcare software service provider TriZetto Group Inc. unveiled plans to buy Westport, Conn.-based IMS Health Inc. in an $8.2 billion stock deal. The staggering price tag led many investors to cut and run,TriZetto's share
A cold winter rain is falling and a stiff wind is rattling a tent set up for the re-dedication of Ford Motor Co.'s ancient Rouge Center complex in Dearborn, Mich.
Power uncertainty, high energy costs, the threat of rolling blackouts. Things have never looked so good for makers of uninterruptible power supply systems and anyone else offering alternative power gear.
California Gov. Gray Davis' plan to tax ratepayers to pay for a $9 billion acquisition of the state's power grid is an economic lunacy of staggering proportions. If there's one thing the California electricity crisis should have taught us, it's that the p
Southern California's economic growth is slowing but not as quickly as in the rest of the country, according a fourth-quarter analysis by California State University, Fullerton.
About four years ago, surfers Bobby Knudtson and Casey Wheat were newly minted entrepreneurs about to take the plunge into the competitive surfwear manufacturing business.
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There's some very good news for diners in the Irvine and South County areas. The El Cholo Cantina at the corner of Jeffrey Road and Alton Parkway in Irvine is now serving the whole menu of authentic unadulterated food from the other famous El Cholo restau
Technology incubator Odetics Inc. may sell its Anaheim property and Walt Disney Co. could figure into a possible sale.
Tustin-based Rankin Group Ltd. named Roger Giese public relations specialist. Previously, Giese was president of PRSSA at Chapman University.
Regulators Have Begun Warning About Inflated Loan Portfolios in a Slowing Economy
At least that's how it seems after Stephen Dukker, Irvine-based eMachines chief executive, set a conference call for as early as this week to elaborate on the company's dismal fourth-quarter results and its plans to make a profit selling cheap personal co
Stephen Fillet has joined the technology investment banking arm of CIBC World Markets as an executive director heading up a sub-sector in the Internet equipment and data services group of CIBC.
Remember last year's election campaign, when then-candidate George W. Bush and others were calling for sweeping Medicare reforms? Well, a big overhaul isn't likely this year, but incremental change may be down the road.
Forget those folding maps. Visitors to Walt Disney Co.'s new California Adventure could be using handheld electronic gadgets to find their way around and learn more about rides and attractions.
More news out of San Clemente and the Talega Business Park: In December, Burke Real Estate Group acquired 13.78 acres from Talega Associates LLC for $2.3 million.
Investors long have considered technical analysis mumbo jumbo compared with fundamental analysis, much as astrology is to astronomy.
The $1 trillion-a-year home loan industry is in the midst of a shakeup, fueled by an increasing number of consumers picking and choosing their mortgages online.
Monday, February 19
As good an indication as any is hiring at stock brokerage firms. If the market is humming, investors are buying stocks and fueling brokerage hiring. If investors are suffering losses,like they have in the past year,firms may have to resort to hiring freez
Children's Hospital of Orange County at Mission and Mission Hospital Regional Medical Center, both of Mission Viejo, are expanding in neighboring Rancho Santa Margarita.
While Conexant Systems Inc. and Broadcom Corp. have declared slowdowns in their businesses, Microsemi Corp.,Orange County's third-largest chipmaker,isn't joining the chorus just yet, according to company officials.
State officials are going down the wrong path in their attempt to address the state's energy crisis, says former Gov. Pete Wilson.
Despite signs of a slowing economy, Pacific Sunwear of California Inc. is stepping up its expansion.
Howard Phanstiel will have to contend with a lot of things beyond his control as he looks to reinvent Santa Ana-based PacifiCare Health Systems Inc.
Gov. Gray Davis endorsed a plan calling for the state to buy utilities' power-line networks and land around power plants for about $7 billion and to allow a ratepayer surcharge; meanwhile, the Federal Energy Regulatory Commission said the state Independen
This is Part 2 of my dining adventures in New York. We arrived in Manhattan midday and after hanging a few clothes in our hotel room, we walked the seven blocks to Patrick's sister's apartment. We stayed in that afternoon and evening, munching on some rat
During 2000, the Los Angeles office market outperformed the previous year and achieved record levels in the process. Despite 800,000 square feet of new construction that entered the market, vacancy held firm at 10.46% in the fourth quarter, just above the
With the economy in a down cycle nationally and an energy crisis crunching Southern California locally, most commercial developers believe the county's days of "blue sky" expansion are over, at least for now.
Newport Beach-based OhGolly.com Inc., a provider of Web hosting and e-mail for small businesses, is hoping the fourth time is a charm.
Pacific Sunwear of California Inc. acquired a 19.2-acre parcel in Anaheim from Boeing Co. for $12.1 million. Brian DeRevere, Bob Goodmanson, Brad Bierbaum and Ian Britton of CB Richard Ellis' Anaheim office represented both parties.
In this week's Commercial Real Estate Update that begins on page 19, we talk with industry leaders to take the pulse of the Orange County real estate market. Though most remain bullish, they're also wary of a slowdown in the national economy and the ongoi
Samsung Pacific Construction Inc. of La Mirada, owner of the Kaleidoscope shopping center in Mission Viejo, has filed suit against a tenant at the struggling mall.
After retreating from its retail expansion in the continental U.S., Hawaii-based Crazy Shirts Inc., which employs 175 people in Tustin, is expanding its distribution through San Francisco-based Duty Free Shops.
Driving through the maze of Orange County freeways for the first time, the rows of offices housing technology companies reminds me of the view from the catbird seat where I covered the tech boom of the late 1990s: San Francisco and Silicon Valley. Before
Since leaving myOC.com in the fall, Paul Thiel has been busy with another online venture,selling technology that turns pictures from restaurants and other places into digital mementos.
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Costa Mesa-based MSC.Software Corp. signed a reseller agreement with Collaborative Solutions America Inc. to distribute MSC's computer-assisted engineering software in the Western U.S., especially its simulation products.
Professor John L. Graham has just discovered four old Southern California Association of Governments reports evaluating Camp Pendleton as an alternative airport site. He states that Pendleton is back on the table and represents the people's choice. He is
Green Mountain Energy Co., an Austin, Texas-based electricity provider, has scaled back its California operation, returning most of its customers here back to their previous electric utilities.
The year 2000 proved to be a prosperous one, as vacancy rates in the office market remained in single digits, annual absorption topped 4 million square feet, and average asking lease rates reached an all-time high in Orange County.
The biggest deals in the third quarter in OC. Sales are ranked by price, leases by square footage.
Fred Ameri, senior vice president at Irvine-based RBF Consulting, was appointed by Gov. Gray Davis to the California Regional Water Quality Control Board, Santa Ana region.
Atairgin Technologies Inc., an Irvine-based biotechnology company targeting women's health issues, is nearing completion of a $20 million round of funding, according to officials.
A lot's happening at Roth Capital: This week's annual glitzy stock conference at the Ritz-Carlton Laguna Niguel, new equity partner Zions Bancorporation, restructuring at online affiliate Freerealtime.com, and the return of Patrick Allen to become the fir
The year 2000 witnessed explosive activity in the Orange County industrial and R & D; markets. Tenant demand rose well above forecasts for the year, causing a critical shortage of available product across the county, especially in certain size ranges. As a r
The Asian economic crisis a few years back may have declawed the region's so-called tiger economies, but now South Korea, Taiwan, Singapore and Hong Kong have regained lost ground and then some for Orange County companies.
The Boeing Company is synonymous with jets. But with profits harder to come by amid increased competition for planes,and bluer skies in space operations,Boeing is stepping up its move into new orbits.
Monday, February 12
They've been having pretty inclement weather there this winter. But before we left for our 10-day sojourn, I asked my guardian angels to provide pleasant weather. They complied since it turned lovely the day we arrived and now that we're back here, snow i
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Corbin & Wertz hired Scott L. Capifoni as principal in the business management consulting practice. Capifoni, a 10-year accounting professional, previously worked in the technology consulting department at Haskell & White. In addition, Greg Arbues was nam
For years, data center operators have made the pitch that it's better to outsource electronic commerce operations to their servers instead of doing it internally. Now California's power crunch is doing the big sell for them.
During the 1980s the Japanese changed the game. Before then, international competitiveness was measured in missiles, soldiers, and ships. However, Japan dominated the decade with almost none of each. They spent more money on business entertainment than na
Bob Zanolli has replaced President and CEO E. Thomas Dowling in the top position at the 52-year-old Santa Ana chain.
Ford Motor Co. recently tapped Young & Rubicam Inc. to handle a project for its Jaguar North America brand, but those plans do not include the ad shop's Irvine office, the agency-of-record for Ford's Lincoln Mercury brands.
Less than a year after it was launched to much fanfare, Garden Grove-based Elleven's parent company has abandoned the junior's surfwear brand after slower-than-expected holiday sales and prospects of a slow economy.
The Inland Empire industrial market exploded in 2000. Almost as fast as product was built, steadfast demand snapped it up off the market. Record-breaking activity catapulted sales and leasing volume to 36.5 million square feet, a 32% increase from the 199
The scene: A family huddles around the dining room table and digs into some chicken, salsa, tortillas and rice as festive Latin music plays.
If investors rewarded diversification, then Yorba Linda-based netGuru Inc. would be a darling. But rising losses and falling sales margins seem to have convinced many that spreading too thin is not the best strategy for NetGuru.
Various Southland businesses,from radio stations to grocers and apparel stores,have tapped into eye-popping growth in recent years by orienting themselves to appeal to the swelling Latino population.
A trip to the Action Sports Retailer Trade Show is like stepping forward in time for a glimpse of what edgy styles young people might be wearing a few months from now. And what a strange trip it can be.
Salt Lake City-based Zion Bancorporation is taking a sizeable minority stake in Newport Beach-based investment bank Roth Capital Partners Inc., according to industry sources.
Don't expect the Irvine Co. to be without a Sim any time soon. While major domo Dick Sim, 64, scales back, daughter Danielle Sim, 40, is just arriving. She leaves Insignia ESG, where she's been managing director of OC and San Diego, to fill a new post of
The ballyhooed opening of Walt Disney Co.'s new California Adventure theme park last week came on the heels of two years of mishaps and bad news for the happiest place on earth.
Esmael Adibi, director and professor of economics at Chapman University in Orange, believes the increases in California's electrical rates this year will be largely offset by the 0.25% reduction in the state sales tax that took effect at the beginning of
Surfwear maker Billabong USA in Irvine is developing a retail division to support a handful of specialty stores, and has contracted with an operator for a chain of outlet stores, two of which recently opened.
Hospitals in OC and the state, already facing a shortage of nurses, are warily eyeing a looming state mandate that almost certainly will require the hiring of more.
Many Hospitals Are Demanding Shared Risk, but Some Providers Prefer Capitation
Like rolling blackouts or lake-effect snow, hospital networks walking away from certain HMO contracts seems to be a regional phenomenon, but that could change as the trend seeps from California to regions with less HMO penetration.
Orange County newspapers and other publishers, already stinging from softening advertising revenue, are bracing for a second year of rising newsprint prices.
The brewing legal conundrum over online message board postings recently washed ashore at Huntington Beach-based surfware maker Quiksilver Inc.
Marvin Winkler, chairman and CEO of Irvine-based Gotcha International, is reviewing four offers to buy a significant stake in the company, including one by rival surfwear maker Ocean Pacific in Irvine. Winkler said he is looking for a partner to focus on
For two quarters now, venture capital investments have slowed in Orange County and elsewhere. Venture financiers, usually big risk takers, have mellowed as the stock market slumps and many startups teeter on the brink of bankruptcy.
Kristen Irvin just received $5.5 million in an oversubscribed first round of funding for her fuel procurement company.
There's a glut of chips out there, clouding the prospects of semiconductor makers. The once soaring fiber-optic sector has been grounded by a credit crunch at big telecommunications companies. And PCs, well, forget about it.
As a former teacher, I have been concerned about Sen. Joe Lieberman's question, "What will we tell our children if every vote is not counted?"
A partnership led by Anderson J. Ray Development Co., Irvine, has acquired the Santa Margarita Town Center retail center in Rancho Santa Margarita from the Koll Co. and Metropolitan Life Insurance Co. for $22 million.
Orange County companies doing business with Chile have been waiting seven years for South America's most advanced economy to join the North America Free Trade Agreement. Now they're betting their waiting days are numbered.
Financial Relief Sought for Medical Groups, Trauma Centers and Emergency Rooms
In an effort to ease the energy crunch, the state began signing long-term contracts with power generators to stabilize supplies; Edison International chairman John Bryson said his company would be willing to sell its power transmission grid to the state f
Orange County's largest health maintenance organizations continued to grow enrollments in 2000, with the 10 plans on the Business Journal's list reporting a 7% membership hike as of December, compared with a year ago.
Powerturbine Inc., an aviation products company, is moving its corporate headquarters from Brea to La Habra. The company has bought an 18,876-square-foot industrial building at 1801 Lambert Road. The deal is valued at $1.1 million, and Powerturbine plans
Monday, February 5
Freedom Communications Inc. has a new executive in charge of its struggling myOC.com with plans to relaunch the Web site in March and unveil a series of other changes in coming months.
Last week the London-based Financial Times ranked the University of California, Irvine, Graduate School of Management No. 1 for information technology training and No. 38 overall internationally.
We've just come from New York and while you are reading this, I am writing next week's column on some of my dining in that great city, just in case you find yourself there and want to follow in my footsteps. Cold and wintry still, but it's always full of
Ernst & Young announced that Peter Zofrea, a partner in the firm, has moved to the technology and communications practice in Orange County from the real estate practice. Zofrea will work with start-up technology companies and retain several real estate cl
So far, the media has blamed free markets and "deregulation" as the cause for the power shortages, even though California's energy market is by no measure free and was not "deregulated" in 1996, but actually "reregulated," with one set of regulations subs
The largest and fastest-growing sector of height-classified buildings in Orange County, the low-rise market, which includes "flex" space, accounts for more than 50% of the office product here. The low-rise market continued to grow throughout 2000, with th
Anaheim-based Evangelical Christian Credit Union is building a new 120,000-square-foot Brea headquarters with plans for two more buildings.
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Orange Coast Memorial Medical Center has gone from losing more than a million dollars a month to its first monthly profit in more than two years,without layoffs.
Gov. Gray Davis authorized the state to sell up to $10 billion in bonds to buy electricity and issued an emergency order requiring retailers to cut outdoor lighting in half or face fines of up to $1,000 Gary Hunt resigned as executive VP of The Irvine Co
Paciolan Systems, a ticketing software provider, plans to move its headquarters from Long Beach to Irvine this month, just a few freeway exits away from one of its biggest competitors, Costa Mesa-based Tickets.com Inc.
The Cypress City Council has approved the construction of a 155-room Residence Inn by Marriott on Katella Avenue near the Cypress Golf Club. The project, within what is known as the PBP Planned Business Park Zone, is expected to be open for business in 20
California's power crunch has meant a cycle of interruption notices, power cutbacks and work stoppages for Jody Callahan and some 150 workers at Astech Manufacturing Inc. in Santa Ana.
Orange County's largest foreign-owned companies added 1,320 new jobs last year for a 7% job-growth rate, more than double the countywide clip, according to this week's Business Journal list.
Kawasaki Motors Corp. U.S.A. is reorganizing its management and the Irvine space that houses it.
Orange County companies doing business on the ground in Mexico say they aren't overly worried about a slowdown in the U.S. economy spilling southward.
Orange County, a nerve center for medical device companies, just got a new incubator fund that aims to speed development of new biomedical businesses.
"We should be able to generate a lot more revenue than these strawberries," says Kevin McCarthy, plant manager for Corning Inc.'s Orange County optical networking device unit.
While many of Orange County's top stocks are in the doldrums, shares in the lowest-priced public companies based here had an eye-catching bounce in the past month or so.
Just a few hours to the south by car is the unheralded story of how Mexico became Orange County's largest export market. On the Mexican side of the border with California sit the cities of Tijuana, Mexicali and Tecate, which together make up a dynamic man
As officials of Santa Ana-based PacifiCare Health Systems Inc. work to turn the company around, PacifiCare of California, the company's Cypress-based HMO subsidiary, is firming up pacts with some of its core providers around the state.
One of myOC.com's closest competitors, literally, says it's plodding along even as other consumer sites shift gears or even fold.
Top Year International purchased a 7,700-square-foot industrial building at 22425 E. La Palma Ave. in Yorba Linda from Mudge Fasteners for $0.7 million. Chris Migliori of Daum's Anaheim office represented both parties.
December's California Supreme Court ruling in the construction defects case Aas vs. Superior Court sent a ripple of relief through the state's homebuilders. Temporarily.
Irvine investment bank Hagerty, Stewart & Associates Inc. has been acquired by The Seidler Companies, a Los Angeles-based investment bank.
Bergen Brunswig Corp., Orange, reported earnings of $21.6 million on revenue of $4.8 billion in its fiscal first quarter ended Dec. 31, compared with earnings of $14.7 billion on revenue of $4.5 billion in its prior first quarter.
After meeting and surpassing a $160 million fundraising goal, Chapman University's Board of Trustees late last month voted to expand the school's largest-ever fundraising campaign to $200 million.
The average Bohemian 20-something surfer who subscribes to Surfing magazine may be totally stoked with its edgy content, but the endless summer lifestyle it depicts is less relevant to those in their 30s and 40s.
Irvine-based Entrepreneur.com, a Web site for small businesses, is ramping up its advertising and sales team in a bid to boost revenue.