Stories for July 2001
Monday, July 30
Columbia Tristar; Rated PG-13; starring Ming-Na Wen, James Woods, Steve Buscemi and Donald Sutherland; directed by Hironobu Sakaguchi
The low-rise office market has been leading construction activity in the Orange County office market for the past five years. In the second quarter, more than 1.1 million square feet of new low-rise office product was delivered to the market, 22% of which
As a former businessman, I am amused by how often Legislature just doesn't get it.
- "Cable Business Journal" guest: Maria Chavez-Wilcox, through Aug. 31, check local cable listings for channels, dates and times
The first of several new power plants at various stages of development in the Coachella Valley is poised to generate, but most of its fellows are not expected to arrive for a year or more.
The engineering and computer science department at California State University, Fullerton, is getting a new dean this week bent on developing closer ties between the school and local industry.
Tony Moiso is one Republican who isn't likely to badmouth Gov. Gray Davis, and not because the cowboy-landowner needs all the friends he can find in order to push through his bold plan for developing and preserving the final 25,000 acres of the O'Neill fa
Broadcom Sees Signs of Light in Second Half Odetics Unit Iteris Lands Financing, Credit; QLogic CFO Retiring
Since it's been acquiring other banks from the time it was born in 1998, California Bank & Trust says it has the process down pat.
OC's money managers, who had shied away from tech stocks in recent quarters, found themselves behind the curve in the second quarter, when the techs led a market upswing.
It's easy to feel sorry for memory companies these days. But Kingston Technology Co. doesn't want pity.
Richard Gadbois, one of the super brokers at Merrill Lynch & Co.'s Newport Beach office, is setting out on his own with two big Wall Street names.
Irvine-based Standard Pacific Homes purchased the Moncado Springs project in Vista from The Olson Co. for $16 million. Moncado Springs, off Highway 78 at Emerald Drive, includes 195 single-family residential lots. Roland Chavez and Craig Atkins of O'Donne
Charles Dunn Co.'s newly formed Premier Services Group has closed on its first two deals, totaling $11 million.
The input of Orange County's medical device industry in the University of California, Irvine's biomedical engineering efforts is key to teaching what's current, according to the dean of the university's Henry Samueli School of Engineering.
Dr. Robert Strain has swapped dentistry for Internet marketing after 28 years of working on teeth.
Walt Disney Co. officials say they're seeing an uptick in visitors to Disney's California Adventure after making some tweaks to counter a slow start at the new park in Anaheim.
Officials at Duke/Fluor Daniel like to brag they built one out of every three megawatts of new electricity capacity last year in the U.S. This year, the joint venture of Aliso Viejo-based Fluor Corp. and Charlotte, N.C.-based Duke Energy Corp. is even bus
The majority of the largest Orange County executive suites companies showed little or no change in total leasable square feet in OC, according to this week's Business Journal list, with the total leasable square feet nudging up 4% to a total of 824,050 sq
Anaheim-based Alliance Imaging Inc. , a provider of magnetic resonance imaging systems , is hoping to resonate with investors.
Prandium Inc., Irvine, is a restaurant holding company that owns the Koo Koo Roo chain and a new prototype, Mesquite Beach, in Orange. And while the parent firm may not be healthy,its shares have fallen to penny-stock status and it defaulted on some debt
Lawrence Mayo & Ponder, Newport Beach, promoted Barbara Wartman to account supervisor. Wartman joined the agency in 1996 as an account coordinator. The company also named Renee Craig account executive. Before joining the company, Craig was an account coor
A $2.3 billion division of Acer Group of Cos. of Taiwan is moving its U.S. headquarters from San Jose to the city of Industry to pare costs and be closer to distribution companies and the Port of Long Beach.
Rainbow Technologies Inc. cut 65 jobs at its Irvine headquarters, about 20% of its North American work force QLogic Corp., Aliso Viejo, said its fiscal second-quarter sales will fall short of estimates and its share price dropped 15% to 34.44 on the new
Versant Ventures' Newport Beach office has taken part in $6 million worth of funding for a pair of Orange County medical device companies.
The running battle between brand-name drug makers and their generic rivals got big play at an educational forum put on as part of a Las Vegas trade show by Orange-based drug distributor Bergen Brunswig Corp.
The University of California, Irvine, is looking to develop a full-fledged biomedical engineering department to go along with its 3-year-old research and teaching center. To do so, the university plans to reach out to Orange County's extensive medical tec
Orange County has a new fiber optic gear maker on the block,with an investment from OC's newest venture capitalist.
Irvine-based Rusty Apparel has overhauled its look with hopes of jump-starting sales and rejuvenating the brand.
Monday, July 23
Mariko Kobayashi has brought a bit of her native Japan to Stanton-based Kyoai USA Inc.
Santa Ana-based Winchell's Donut House has a red-hot rival but doesn't seem to mind.
In response to heavy demand in recent years, office construction activity has been rampant, adding more than 9.6 million square feet to the Orange County base from 1999 to date. However, activity has begun tapering as the market moves further into the mat
The wait is over for Irvine ad shop T & O; Group, the Business Journal's Jennifer Bellantonio hears. T & O; beat out two other finalists to win Irvine-based In-N-Out Burger's reported $5 to $10 million creative advertising account "Which Way LA" host Warren O
For years, California's prominent healthcare delivery model has centered on organized groups of doctors accepting the responsibility for managing the care of health maintenance organization enrollees.
As the sole owner and employee of Tustin-based Furlow Corporate Communications, he makes a living off other businesses' calamities.
Lantronix Inc. says it is looking to expand through acquisitions after a public offering last week that raised about $48 million for the maker of electronics that link vending machines, thermostats and other devices to the Internet.
The Irvine Company has started building Crystal Cove Promenade, a shopping mall a few miles from Fashion Island and a few more,and more important,miles from South Coast Plaza.
In the movies, Clint Eastwood took out his enemies with seeming ease using his trademark Smith & Wesson .44 Magnum handgun. Working on the sale of Springfield, Mass.-based Smith & Wesson Corp. wasn't so easy, says Fred Jager.
Just ask Viacore Inc., an Irvine-based company trying to build electronic exchanges for large companies looking to buy and sell components and supplies online.
Palo Alto-based Pacific Properties Co. continued its move into Orange County's apartment market by acquiring the 104-unit Rancho Palisades Apartments in Costa Mesa for $9.9 million.
If investors had put their money in Orange County's biggest stocks in the second quarter, they would have beat the major indexes with a bounce in beaten-down technology shares and the continued revival of healthcare stocks.
It would seem like a no-brainer for companies: partner with a philanthropic cause and bask in the limelight when the nonprofit takes center stage in the media.
Continuing the expansion of its Western U.S. operations, New York-based Insig-nia/ESG Inc. has launched a brokerage office in Newport Beach.
One of our favorite little gems, Le Jardin, the Saigon-esque caf & #233; in Fountain Valley, has reopened after a devastating fire caused by lighting enveloped the strip mall it is in 18 months ago.
Wohl Investment Co., Irvine, acquired the 30,000-square-foot Barclay Plaza at Newport Boulevard and 17th Street in Costa Mesa for $4.5 million from Herman Barros. Carol Springstead of Pentz & Co. of Newport Beach represented both parties in the deal.
Montpelier, France-based ABX Diagnostics Inc., a maker of blood analyzer equipment with its U.S. headquarters in Irvine, earlier this month announced that the company had become part of Horiba Medical Group, a subsidiary of Kyoto, Japan-based analyzing eq
Here's another whopper from ETRPA, the group opposing the proposed El Toro airport.
No matter where one stands in the El Toro Airport controversy, Gary Simon's letter on July 9 was very, very troubling. We should be able to expect more from the executive director of a county agency.
- Looking Smart on Paper (American Business Women's Association Thalia Chapter meeting) Irvine 6 p.m. $20 (714) 237-7831
Square Soft Inc., a unit of Japan's Square Co., has closed its Costa Mesa facility and moved into Square Co.'s North American headquarters in Culver City.
Irvine Sensors Corp., the 21-year-old Costa Mesa electronics maker, has been busy trying to secure more government funding for its year-old bid to develop a new "super-router."
Costa Mesa-based Parker Stephens Inc. advertising recently wooed back former longtime client Raytheon Co.
Edison International repaid in full and on time a $20 million note held by Orange County and said it expects this month to collect more money from customers than it will spend on electricity for the first time in the past twelve months A special state S
Fortis Benefits Insurance Co. promoted Christopher Brno to sales manager in the group sales office in Newport Beach. Brno has been with Fortis since 1997 as senior sales representative and district manager.
Orange County's largest public relations firms continued to feast on the good times, according to this week's Business Journal list, with total fee incomes jumping 16% to $77.6 million for the 12 months ended March 30.
The airport area landscape may change slightly, if Layton-Belling & Associates goes ahead with plans to develop a four-story, 80,000-square-foot office building.
Lennox Hearth Products, a maker of fireplaces and freestanding stoves, late last month completed a move from Fullerton,where it had been for 50 years,to a new 66,000-square-foot facility in Orange.
AmeriSource Health Corp.'s pending buy of Orange-based Bergen Brunswig Corp.,which could close next month,stands to create a healthcare products distributor with $35 billion in annual sales and headquarters in Valley Forge, Pa.
Monday, July 16
Buena Park-based Walong Marketing Inc. hopes to become the biggest Asian food distributor in the country by working its way up to mainstream American supermarkets.
Paub Enterprises LLC bought a 19,220-square-foot office building at 8700 Warner Ave. in Fountain Valley from Providential Holdings Inc. for $2 million. Todd LaPlante of Prima Properties represented Paub. Anthony Phan of Pacific Properties represented Prov
The economy is no longer humming. The indicators are out there that OC's commercial real estate industry is staring at a slowdown. But is it just a dip we soon will snap out of? Or has it gone beyond that? The Business Journal's Daniel D. Williams asked a
After cutting second-quarter employee bonuses and dropping sales targets, FileNET Corp. says it still expects a turnaround in the fourth quarter and doesn't plan to lay off workers. In fact, Orange County's largest software company says it plans to hire a
Broadcom Corp.'s campus at the gateway to the Irvine Spectrum depicts the chipmaker's brash, rule-the-world attitude. First American Corp.'s neocolonial digs in Santa Ana reflect a company that's as old as Orange County itself.
The three months ended March 31 was one of the most challenging quarters in Irvine-based Freedom Communications Inc.'s history, according to a company newsletter.
THE LATEST FLIGHT OF ANTI-AIRPORT IRRATIONALITY CONCERNS AIR passenger estimates for the Southern California region.
A baker smoothes and presses graham cracker crumbs into molds. Another pours chocolate batter into a man-size mixer and watches as the blades twirl. In another room, two women use large flat knives to slather white frosting onto giant vanilla cakes.
Industrial ceramics maker Ceradyne Inc. is nearing the end of a $2.5 million expansion of its Costa Mesa headquarters driven by an expected increase in defense and other work.
Irvine-based Sicor Inc. has finished building a new plant in Mexico and launched an outside review of the site as the next step in its bid to enter the market for generic biotechnology drugs.
Address: 3831 Alton Parkway (at Culver Drive in the Westpark Village Center), Irvine
While the commercial real estate market continued experiencing a boom in 2000, major developers brought less product to market than in red-hot 1999. And that was before predictions of a slowdown in the economy brought on a wait-and-see attitude among buil
Nightly at 8:30 p.m. at the Festival of Arts, Laguna Beach, through August 31; tickets $10 to $60; (800) 487-3378; Festival exhibits open daily 10 a.m.-11:30 p.m.; $5 season pass
Koll Development Co. and Opus West Corp. led the way in 1998 in the current high-rise building cycle, and many market sources believe they also will be the last ones through the door with their current projects in Irvine.
Joe Dunn, who has been at odds with both power producers and Gray Davis, has carved out an independent image for himself in the energy debate. That could be a plus if Dunn someday runs for governor,and the buzz in political circles is that the Garden Grov
Reviewing the numbers from 2000, it is apparent that Orange County's largest builders enjoyed the last moments of go-go growth before the economy put on the brakes.
Airshow Inc., Tustin, appointed Victoria Bock product director of commercial airline systems, Jana O'Guin product director of corporate aviation systems, and Chris Merry product director of communications systems. In customer service, Bob Hopkins has been
What to do with more than a half-billion dollars,that's the enviable question facing Irvine chipmaker Intersil Corp.
When Chapman University issued an upbeat forecast on job growth in Orange County last month, it likely raised some eyebrows among those grappling with a slowing economy and their own efforts to cut costs.
Assembly Democrats proposed a rescue plan for Southern California Edison that could triple rates for some businesses but hold residential rates steady; other lawmakers have proposed letting the utility fall into bankruptcy Gov. Gray Davis late last week
The Mid-Counties office market is a specialized market consisting of 12 cities straddling the border of Orange and Los Angeles counties. Sixty-five properties totaling 5.5 million square feet comprise the base. Since it is relatively small, the Mid-Counti
It seems no one may want the massive Newport Beach chip making facility owned by Conexant Systems Inc., which rumors had the company trying to unload on Taiwan's United Microelectronics Corp., the world's second-largest contract chipmaker.
Newport Beach-based Koll Development Co. has landed a big tenant at Koll Dublin Corporate Center, a 620,000-square-foot, 700-acre masterplanned business park in the Bay area city of Dublin.
Insurer Balboa Life & Casualty plans to move from its Teller Avenue site in Irvine across the street to larger quarters in the Park Place Office Campus, where it plans to expand from 350 to about 500 workers.
- TECH 2001 Technology Trade Show (Technology Integration Group) Anaheim 8:30 a.m.-4:30 p.m. Free (800) 858-0549
Hospital administrators and board members charged with stopping financial bleeding often have to make tough choices, such as reducing or cutting services. That wasn't an option for Children's Hospital of Orange County, according to its Chief Executive Kim
Flashy ads and in-store displays are reaching new heights as surfwear makers jockey for prime positioning in front of shoppers in retail shops.
Monday, July 9
Tulsa, Okla.-based Matrix Service Co. has paid $4 million,$16 a square foot,for a 5.6-acre parcel in Orange in a move brokers say sets a new standard for industrial land sales in Orange County.
Irvine-based medical testing company US Labs Inc. says it plans to double its space in a cross-town move that stands to make way for up to 80 new workers in the next year and a half.
Eastern Express bought an 80,220-square-foot industrial facility at 4325 Artesia Ave. in Fullerton from Lennox International Inc. for $3.9 million. Bob Goodmanson, Ian Britton, Brian DeRevere and Brad Bierbaum of CB Richard Ellis brokered the transaction.
The Costa Mesa-based Digital Home and Personal Systems division of Canon U.S.A. Inc. has launched a $20 million advertising and marketing blitz in a bid to gain ground on industry leader Hewlett-Packard Co.
In response to recent articles and letters suggesting that Orange County is using tax dollars to fund public relations efforts for the county's proposed reuse plan for El Toro, we wanted to set the record straight.
As Orange County's technology companies prepare to report earnings for the June quarter in coming weeks, analysts and investors are hoping for clues to a key question: Even if earnings come in as poorly as expected, will the outlook for the next six month
Nichols Institute Diagnostics, a maker of medical test kits and supplies, plans to move from its longtime base in San Juan Capistrano to a planned 85,000-square-foot building within San Clemente's Talega development.
National Association of Women Business Owners meeting,speaker: Melinda Lee Irvine $35/$45 (888) 281-0001 You and Your 401k Rollover Workshop (Salomon Smith Barney) Irvine 5:55-7:15 p.m. Free (949) 955-7562 eBusiness Models and Practices (Cal State Ful
Getting ready for this: Even with Federal Reserve Bank interest rate cuts in the past 12 months, the dollar value of Orange County transactions insured by title companies fell through March because of lower refinancing activity.
At least two Orange County businesses have relocated or shifted some operations to other states, citing California's power shortage as a factor for ditching the Golden State.
Certus Corp., an Irvine-based hospital consulting and business services company, has raised an additional $7.5 million from its principal investors.
State Controller Kathleen Connell said long-term power supply contracts entered into by the state could cost more than the $43 billion estimated by Gov. Gray Davis; meanwhile, Davis offered to reduce California's $9 billion in refund claims against power
Billy Fried, a former senior executive at W.B. Doner & Co.'s Newport Beach office, has pulled away from the corporate pack and started his own ad agency.
Louise E. Pomeroy, founder of Abigail Abbott Staffing Services Inc., died late last month.
Newport Beach apparel designer Paul Frank, best known for the monkey logo on its clothes and accessories, plans to open its first shops outside the U.S. when it debuts a 200-square-foot Tokyo outlet and a 700-square-foot free-standing shop in Osaka in Sep
Irvine-based specialty drug maker Allergan Inc. is working with Inspire Pharmaceuticals Inc. of Durham, N.C., to develop two treatments for dry eye syndrome. About 9 million people suffer from moderate-to-severe dry eye, also known as keratoconjunctivitis
After stepping back from real estate to earn his master's of business administration from Pepperdine University, Al Beaudette has resurfaced, joining Laguna Beach-based Griffin Holdings as its chief operating officer. Beaudette also will serve as presiden
State Treasurer Phil Angelides has emerged as one of the key players in the state's ongoing power crisis.
I am one of those who commented vehemently on the Disney decision to dismantle the Electrical Parade two years ago. I disliked the fiber optics flop that followed it. In a great incentive to get customers into the new California Adventure, the Disney offi
The Mall of Orange plans to revamp its look and store mix under a three-year remodeling plan.
The apparel maker recently entered into a licensing agreement with Carlsbad-based Neoprene Tech Inc. to produce a line of beach-oriented neoprene wetsuits under the OP label, according to Dick Baker, CEO of OP.
Like a beaver patching up a dam, audio technology company SRS Labs Inc. has worked feverishly to stem gushing losses.
Despite speculation of the industrial market turning in the first quarter, the West Orange County market held strong with positive absorption and stable vacancy rates.
Shakey's Inc.,a pizza parlor pioneer that hit its stride in the 1970s and has seen its share of ups and downs since,is set to undergo a facelift.
First American Title Insurance Co., Santa Ana, named Alan K. McCall state counsel for Florida. The 25-year industry veteran has been chairman of the Florida Land Title Association Forms Committee. His responsibilities include responding to questions, draf
At San Francisco-based Morr-ison & Foerster LLP's Irvine office, energy development and litigation issues now account for about a quarter of the office's caseload by revenue, according to Carl Steen, a partner in Morrison's corporate and project finance g
On Saturday nights, Bolivian immigrant Mike Helguero recreates a bit of Mexico City revelry for tourists and other visitors in the shadow of Disneyland.
Ralph F. Hake, Fluor Corp. executive vice president and chief financial officer, has taken over as chairman and chief executive of Maytag Corp., the Newton, Iowa-based appliance maker.
Only two weeks after the company's shares jumped 24% to 2.66 on rumors it could be bought by memory maker Micron Technology Inc., Dense-Pac said it needs more hired hands to deal with a big order for its Memory Stack products,a deal valued at $850,000. Th
Monday, July 2
AES Corp. said the state has broken off talks to buy power from two Huntington Beach power units currently undergoing improvements.
Framingham, Mass.-based NMS Communications Corp. has closed its Tustin research and development office, laying off 30 engineers here.
Fairmont Private School, Anaheim, added 16-year education veteran, Abdi Lajevardi, as chief operating officer. Previously, Lajevardi was chief executive of the International Education Corp. Lajevardi will concentrate his efforts on distance education and
Communication Advocates in Costa Mesa, a nine-person public relations firm, got hits from national and international media for its wacky promotion of client Long Beach-based Interactive Health Inc.
Shares of struggling Internet retailer buy.com Inc. got a jolt last week the likes of which they haven't seen much of lately.
Chip upstart Morpho Technologies Inc. hopes to land $10 million in a second round of funding, slated to close this September, according to Chief Executive Fhahriar Sadri.
OC Has No Shortage of Great Restaurants for Family Dining, Patio Dining or Brunch
DID YOU CATCH THAT PHOTOGRAPH OF A SMILING GRAY DAVIS STRUTTING and waving in front of the new power plant in Bakersfield? I haven't laughed that hard at a posturing pol since Michael Dukakis climbed inside a tank.
While Orange County's technology engineers may not be in the money like last year, most of them still are in the labs.
Dr. Ralph Cicerone, chancellor of the University of California, Irvine, chaired a National Academy of Sciences committee that prepared and last month released a report for the White House on global warming. Cicerone founded UCI's Department of Earth Syste
The 187,000-square-foot Cerritos Corporate Tower has sold to Makar Properties LLC for an undisclosed amount. The Newport Beach-based real estate development and holding company purchased the nine-story high-rise building from the Krausz family of San Fran
Raytheon Co. has been awarded a $20 million air traffic system contract from Germany's Deutsche Flugsicherung GMBH with about 10% of the work set to be done at the company's Fullerton facility.
J & A; Investments purchased the 36,654-square-foot Greenleaf Square in Whittier from Greenleaf Equities LP for $4.3 million. Michael Lawrence of Marcus & Millichap's Newport Beach office and David Black of Marcus & Millichap represented Greenleaf Equities L
Sluggish retail sales fueled by consumer uncertainty and a slow economy first appeared in 2000, with Orange County's largest shopping centers seeing a 7% growth in taxable sales for the year,a two percentage point drop from 1999.
Pity personal computer makers. Just like a chess player wondering whether to castle a king or use a rook for an offensive move, the PC business is part luck, part strategy.
Merrill Lynch & Co., the largest stock brokerage firm operating in Orange County, plans to consolidate some operations here and across Southern California to bring down costs in a slowing economy.
Another medical industry player is moving to Orange County in the hopes of righting its financial ship.
South Orange County has been one of Southern California's strongest retail markets from the late '90s to the present. Despite the uncertainty in the marketplace today (i.e., an unpredictable stock market, escalating energy costs and national retailer earn
Chef of the Year Bret Thompson Is a Well-Traveled and Experienced Culinary Hand
Coastal Communities Hospital Adds a Senior Center; Botox OK'd for New Use in Japan
Irvine-based Sares-Regis Group has acquired 20 acres in the Inland Empire community of Rancho Cucamonga with plans to develop luxury apartments.
Trading by insiders at Orange County companies declined sharply in the first five months as executives and employees chose to wait out depressed share prices on Wall Street.
Peter Ueberroth, the former Los Angeles Olympics czar, ex-baseball commissioner and current head of Newport Beach-based investment firm The Contrarian Group, has been appointed to Bank of America Corp.'s board of directors.
If genomics is ushering in an era of personalized medicine,where diagnostic tests predict diseases and determine the best drugs for patients,then you might say a 100-acre campus of futuristic buildings near the Cleveland National Forest is the testing gro
Systematic Selling an Overview of Sandler Selling System (Bailey Marketing Concepts and Sandler Sales Institute) Irvine 4-6 p.m. Free (800) 422-4539 Financial Planning for People in Personal Transition (Merrill Lynch) Anaheim 10 a.m. Free (800) 234-7
Irvine chipmaker Broadcom Corp. said it has laid off engineers, marketers and other workers companywide, following up on its earlier vow to slash costs in the face of declining sales.
Some South Orange County businesses could be in for relief from a looming electricity debt that many say they weren't even aware they could soon face.
Mission Energy Holding Co., Irvine, completed the sale of $800 million in bonds at 14% and obtained a $385 million bank loan, with the proceeds going to pay off debt of parent Edison International; meanwhile, Edison sold its Edison Select home security un
Michael Quinn is back in Orange County, and he's brought a medical device company with him.
Remember Byron Gemmell? He was the very young chef in the early '80s who was written up in Gourmet magazine when his cooking put La Cuisine of Newport on the national culinary map. As a young man of Scottish ancestry from Guatemala, he trained under some
Garden Grove computer memory products maker Dense-Pac Microsystems Inc. said it plans to increase its workforce by up to 15% based on three months' worth of orders from a major, unnamed computer maker. Dense-Pac employs 110 people.
The LA Times' new regional focus has struck the sports department of the Times OC, which is no more. A dozen or so editorial employees have been reassigned, spelling an end to game-by-game prep coverage. (Angels and Ducks coverage isn't affected.) OC spor