Stories for June 2001
Monday, June 25
The California Public Employees' Retirement System has tapped three Orange County real estate investment firms to handle $200 million for urban infill projects.
Canterbury Consulting, Newport Beach, hired R.D. Bruce as CFO. Bruce comes to the firm from SRS Technology, where he was a director of contracts, human resources and administration.
John Moorlach, chairman of an ad hoc committee of unsecured creditors to Edison International, says he has the votes to force the utility into bankruptcy if warranted but for now is awaiting a key July payment date.
If Oracle Corp.'s recent move to compete with Quest Software Inc. worries executives at the Irvine software maker, you can't tell.
The game of musical agencies continues as RiechesBaird in Irvine recently hired three employees who left competing ad shops amid downsizing or reorganization.
Federal regulators imposed round-the-clock price limits on wholesale electricity in the West Gov. Gray Davis asked a congressional committee to prod federal regulators into helping the state recover $9 billion he said the state was overcharged for whole
KleenAir Systems Inc., a fledgling developer of technology to cut auto emissions, has moved from Newport Beach to Fullerton and says it plans to target small power plants with its products.
During the early-1990s economic downturn, technology companies found growing markets in Asia and Latin America to offset slumping U.S. sales.
Santa Ana's efforts to establish itself as an arts and cultural center may get a huge boost. The Insider hears that serious talks are under way to have The British Museum establish a site in Santa Ana for some of its ancient artifacts, making the city the
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Manatt, Phelps & Phillips, one of Los Angeles' largest and most politically influential law firms, is scouting sites in Newport Beach and Irvine for the planned opening of its first Orange County office in September.
Air Shipping Is Growing Fast, and Experts Say a New Local Airport Will Be Needed
Where software makers boosted business last year because of the market, if they do it again this year it'll be despite the market.
At least that seemed to be the take at Orange County's largest computer hardware companies. The 25 companies on this week's Business Journal list,ranging from multinationals such as Toshiba Corp. to smaller players including Procom Technology Inc.,cut OC
Logicon Inc., a unit of a Northrop Grumman Corp., has received two contracts totaling $89 million from Boeing to support the National Missile Defense program. Logicon's Anaheim office will be one of two sites in California working on the contract.
Technology may be down, but it's not out. As Orange County's big names,Broadcom Corp., Conexant Systems Inc., Newport Corp.,struggle with an industry slowdown, the county's entrepreneurial pot continues to simmer.
Despite the tech downturn, demand for skilled technology workers continues to outstrip supply in the Southland and nationwide.
North Orange County remained OC's tightest industrial submarket through the first quarter, with a vacancy rate of just more than 1%. The lack of quality space in North Orange County has forced some users to migrate to outlying areas such as the Inland Emp
Supply-chain software maker Viacore Inc. has raised $43 million in funding led by San Bruno-based VantagePoint Venture Partners Inc. and including money from Cisco Systems Inc., Dell Computer Corp., Hewlett-Packard Co. and the venture arm of Intel Corp.
For much of the past two years, Orange County-based technology companies had a dreamy future: high revenue growth, rising profits and skyrocketing stock prices.
Just when it seemed the ominous news emanating from the networking gear market couldn't get any worse for Orange County, we find yet another analyst talking smack.
Federal regulators imposed a discipline on the electricity market the Gov. Gray Davis would not, an Editorial
Splendid staffer, winning legislator, competent controller, presentable lieutenant governor and then
Most of Orange County's big technology names have made or announced layoffs this year. Here's a tally of some of the major reported cutbacks and the number of pink slips involved
A few months ago, the Business Journal examined the issue of what drug makers could expect in the way of intellectual property fights and litigation.
Gosh, our executive editor Rick Reiff already quoted me last week as saying that our trip at the beginning of the month to the Loire Valley of France was rather magical. No need to belabor that point. I'd venture to say that when someone mentions France,
Conexant Systems Inc. plans to move its digital-imaging chip business to Irvine's University Research Park as part of a move to possibly sell off the unit.
The threat of regular rolling blackouts, idle factories and lost productivity are big concerns for Orange County businesses now that summer is here.
Yorba Linda's Savi Ranch industrial park doesn't have any billion dollar companies calling it home. There are no blockbuster technologies that have come out of its businesses. And, unlike its bigger neighbor, the Anaheim Technology Center, Savi Ranch can'
Orange County hospitals depend on a steady flow of blood. But officials say they need an infusion of extra money to cover a pending price hike from the American Red Cross.
Samson Motorcycle Parts Inc. acquired a 62,820-square-foot industrial building at 3818 E. Coronado in Anaheim from Sherwin-Williams Co. for $4.3 million. Frank Mejia of Lee & Associates represented Samson. Rob Socci and Michael Hefner of Voit Commercial B
Thank you for sharing the lighter side of El Toro with your "Toro! Toro! Toro!" spoof of June 11. It's great to be able to laugh in light of all the heavy artillery, crossfire and bombs strafing Orange County. I can hardly wait to see your next production
Some hospitals have been struggling just to keep their doors open, largely due to low reimbursement rates paid by managed care plans. But Tenet Healthcare Corp., the largest hospital operator in the Orange County and the Southland, has pushed for,and gott
Two years ago, the prospects of getting rich on dot-com stock was just about all the motivation employees needed at Aliso Viejo-based buy.com Inc.
"We're bucking the trend of all the cuts going on in the industry," said Plott, chief executive of Colliers Seeley International Inc.
Santa Monica-based ARTiFACT, a producer of television ads, has opened an OC office in Santa Ana's Performing Arts and Events Center, a converted Masonic temple in the city's downtown arts district.
Dave Hollander, president of surfwear retailer Becker Surf & Sport, says he never thought his online store would be the thing to get his business over a hump,until now.
Allergan Inc. is banking on other uses for its flagship Botox drug as well as new products to keep up the growth that's made the company a standout on Wall Street.
Monday, June 18
A possible shortage of diesel generators could add to the electricity woes of Orange County companies that have yet to prepare themselves for the summer months, according to area suppliers.
An out-of-court settlement between cruise ship operator Carnival Corp. and the San Clemente-based Surfrider Foundation has cleared the way for Carnival to build a terminal adjacent to the Queen Mary in Long Beach.
NOTHING LIKE A POWER CRISIS TO GIVE SOME CALIFORNIA LIBERALS A little market-based religion.
How upset is party boy Dennis Rodman over being charged with violations of Newport Beach's noise ordinance? So mad, he's discussing a run for the City Council Jan Mittermeier is back in business,for herself. The former Orange County CEO has formed Mitte
It's said that lawyers can find work in good times and bad, they're just different kinds of work.
Officials at upstart Irvine chip maker Valence Semiconductor Inc. are planning a public relations blitz after almost three years in obscurity.
A few years ago, Spieker Properties Inc. bought the 12-story, 257,000-square-foot Stadium Towers Plaza across from Edison International Field and promptly began speaking (pun intended) to prospective tenants about a speculative second tower at Katella Ave
South Korean automakers have staged a dramatic turnaround here as consumers are snapping up cars from local dealerships in volumes not seen since the 1980s.
A study by California State University, Fullerton finds that California's affordable housing problem is due in part to its success.
The Federal Energy Regulatory Commission was expected to expand wholesale energy price caps this week to more Western states and to all times, rather than just peak use periods in California Gov. Gray Davis was expected to release this week details of t
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Half of the venture capital firms with offices in Orange County stayed on the sidelines in the first quarter as far as local investments are concerned, according to this week's Business Journal's list.
Donald M. Koll, one of Orange County's most prominent developers, has left the company that bears his name to form a new venture.
Michael Denton Jr. opened his bill from Southern California Edison and saw that the electricity costs for his axle manufacturing plant in an unincorporated part of Los Angeles had suddenly shot up from $10,000 a month to $25,000 a month, with no increase
Executives at Conexant Systems Inc. make no secret of their desire to pinch pennies during these tough times for the semiconductor industry.
Rep. Chris Cox has withdrawn his name from consideration as a federal judicial appointee, reportedly precipitated by the recent change in leadership of the Senate, and the unyielding desire of Sen. Barbara Boxer to block his appointment. This unfortunate
NCG Porter Novelli has landed three new clients, the juiciest of which Linda Martin, senior vice president and general manager of the Irvine office, says she can't talk about.
Beckman Coulter Inc., Fullerton, has received clearance from the Food and Drug Administration to market its new Access AccuTnI, a test to aid in the diagnosis and treatment of heart attacks.
The Greater Airport Area is considered the unofficial downtown of Orange County. Spanning more than 100 square miles and feeding off of major transportation arteries such as San Diego (405), Santa Ana (I-5) and Costa Mesa (55) freeways,as well as John Way
Voit Development Co. has acquired Kwikset Corp.'s former Anaheim headquarters and plans to raze the 340,000 square feet of industrial and office space there to make way for new buildings.
With the chips down, the San Jose-based Semiconductor Industry Association recently came through with some encouraging news.
Congregations Are Taking Space Wherever They Can Find It, From Warehouses to Former Banks and Bowling Alleys
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Three veterans of the action sports industry plan to officially launch an online marketplace later this month.
Tustin thermal and impact printer maker CIE America Inc. has been sold by its Japanese parent and will be shut down by its new owner.
20th Century Fox; Rated PG-13; starring Nicole Kidman, Ewan McGregor; directed, produced and co-written by Baz Luhrmann. "Moulin Rouge" works like a drug, sucking us into its guilty pleasures a feverish dreamscape of blinding lights and deafening sounds a
With remarkable clarity, Los Angeles voters on June 5 rejected a campaign for their city mounted by a New Age coalition of greens, journalists, billionaires and long-time Democratic insiders, in favor of a more practical, nuanced politics.
The medical device industry's mammoths have been on an acquisition run in recent weeks. And some industry watchers believe Orange County,home to scores of biomedical companies,could be ripe for the picking.
KTM Investment Group purchased a 20,952-square-foot auto service center at High Park Business Center in Mission Viejo from NewVest Capital Corp. for $3.5 million. Dennis Dillon of MEI Real Estate Services represented KTM. Ed McKeegan also of MEI Real Esta
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Michael Yusi joined Brighton Advertising in Orange as director of new media. Dana Rogers joined the agency as the new associate media director. Rogers will be responsible for issuing all insertion orders and monitoring the print placements.
Monday, June 11
The first-ever NIKEgoddess store will open at Fashion Island in Newport Beach in November.
Electricity consumption in May was 11% less than in May 2000; state officials said that helped avoid blackouts in the warmer-than-normal weather The state said the price it is paying for power has come down recently as long-term contracts kick in; other
Inline Inc. Takes Space in Orange; Christopher Homes Under Way on 372 Units
A joint venture of Snyder Langston and The Operon Group has snatched up a parcel of land in Fullerton for a proposed industrial park.
At a time when other ad shops are laying off, Irvine-based Johnson/Ukropina Creative Marketing has expanded its ranks.
Costa Mesa-based Irvine Sensors Corp. has raised $1.6 million in bridge funding for its iNetWorks Corp. subsidiary from Zimmer Lucas Partners LLC and Vertical Ventures LLC, both of New York.
Major business and industrial customers of Southern California Edison could get hit with huge surcharges on their electric bills under a new Edison rescue package being drafted by top-ranking Democrats in the state Assembly.
Parker Properties LP has sold the second phase of the Summit Office Campus to the State Teachers Retirement System of Ohio and plans to use the proceeds to fund future development projects.
On Stephen Henson's desk at Kelley Blue Book in Irvine sits an unofficial company mascot, a 2-foot-tall goose.
Gary Hunt, who left The Irvine Company in January after 25 years as Donald Bren's go-to guy on government affairs, has joined California Strategies, a public affairs consulting firm whose principals, like Hunt, have close ties to former Gov. Pete Wilson.
Hours: 7 a.m. to midnight, Sunday through Thursday; till 2 a.m. Friday and Saturday
The state Occupational Safety and Health Standards Board has shelved proposed new rules for machine guarding for the printing industry.
--England suffered race riots with looters burning cars and throwing bricks at police. Los Angeles recognized the symptoms. After a season of foot-and-mouth and Mad Cow Disease, the British people are now suffering from Laker Fever.
When data storage bellwether EMC Corp. sneezes, Emulex Corp. and QLogic Corp. don't just get a cold,their shares seem to catch a nasty case of atrophy.
Despite the cooling trend of the industrial market in the first quarter of the year, the manufacturing and warehouse sector remained extremely tight. Of course, the market indicators for the M & W; market did turn along with the rest of the industrial produ
Bausch & Lomb Inc. will consolidate its Claremont and Irvine operations into 58,000 square feet of office space in San Dimas.
Parker Aerospace and 60 other Orange County subcontractors are expected to get $1.2 billion in work from the $62 billion budgeted for the Air Force's new fighter jet, the F-22 Raptor.
Citigroup Inc. plans to make a move into Orange County with the opening of a private banking office in the Center Tower in South Coast Plaza.
Two earnings bombs in nine months have led one Wall Street analyst to question whether Santa Ana-based PacifiCare Health Systems Inc. is able to give a clear picture of how its business is doing.
ICN Pharmaceuticals Inc.'s recent annual shareholder meeting was more than just a proxy battle between Milan Panic, the Costa Mesa company's controversial founder and chief executive, and insurgent investors.
Orange-based Bergen Brunswig Corp. and pending acquirer AmeriSource Health Corp. are readying answers to questions posed by federal regulators and hope to present their proposed combination to shareholders this summer.
World premiere play by Amy Freed. Directed by David Emmes. On the South Coast Repertory Mainstage through July 1. Tickets are $28-$49. Call (714) 708-5555.
Irvine chip designer 3DSP Inc. says it is looking to secure a $30 million investment by the fourth quarter, topping the $24 million in funding it has attracted over the past two years.
Tustin-based contract electronics maker Comtel Holdings Inc. has acquired three plants from struggling National Manufacturing Technologies Inc. of Carlsbad.
Cash-strapped Odetics Inc., which had been rumored to be looking for a buyer for its Anaheim headquarters near Disneyland, has raised $16 million through a promissory note secured by the property.
Two-year-old OneTouch Technologies LLC of Costa Mesa is trying to bring a bit of automation to nursing homes and other parts of the long-term healthcare industry.
Dennis Rodman, move over: The Insider hears that Kobe Bryant was recently house-hunting along the Newport Beach coast. The Lakers superstar lives in L.A. but new wife Vanessa Laine is a recent grad of Marina High in Huntington Beach Eyebrows are being r
Anaheim's Interstate Electronics Corp., a unit of New York-based L-3 Communications Holdings Inc., has been tapped to supply display screens for the Army's new Interim Armored Vehicle program. The deal is estimated at $30 million, with deliveries set to s
Thom McElroy sits with a few 20- to 30-somethings and raps about a business pitch.
JML Enterprises bought an 82,000-square-foot industrial building at 18460 Gothard St. in Huntington Beach from Larry H. Strasbaugh for $5.2 million. Bill Thomas of Commercial Properties represented JML Enterprises. Jeff Demorest of Daum represented Strasb
Tucked away in the hills of Aliso Viejo, Enfrastructure Inc. is luring tenants to its campus, which offers growth companies everything from high-speed telecommunications to onsite dry cleaning.
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Y & R; Irvine has appointed Robert Parker a senior vice president and creative director of broadcast production. Parker will oversee all broadcast production for the Irvine and Detroit offices. Parker's career as a producer includes recent campaigns for Cisc
Santa Monica-based National Golf Properties Inc. has paid $12.5 million for San Juan Capistrano's Marbella Country Club, an 18-hole private golf course.
Baja California provides a huge manufacturing base for many Orange County companies, but the Mexican state also has been selling Southern California one of the hottest commodities around: electricity. And it's adding the capacity to offer more.
After almost two years of partnership with New York-based Morgan Stanley Dean Witter & Co., Wells Fargo Inc. has decided to take its WellsSelect money-management program entirely in house.
Spencer Stuart, an executive search firm with 50 offices around the world, is opening an office in Irvine.
Delphi Display Systems, a Costa Mesa-based provider of display systems for the fast-food industry, has received $3 million in venture capital funding.
Monday, June 4
McLeodUSA Inc. has leased a 19,000-square-foot Tustin building, marking the first telecommunications deal this year in Orange County, according to real estate sources.
The Irvine Spectrum is close to signing a deal with a major department store as part of its Phase 3 expansion, the Insider hears ... Guess who Santa Ana Mayor Miguel Pulido is backing for LA mayor? James Hahn. But Pulido says his city wins either way, bec
Orange County is prime ground for wealth management or money management firms seeking to expand their operations quickly.
California State University, Fullerton, has signed a profit-sharing partnership agreement with Beijing, China-based Northern Jiaotong University and Hartcourt Cos. Inc., a Los Angeles-based holding and development company, to develop education projects in
Aliso Viejo-based Kanakaris Wireless has signed a letter of intent to acquire the Los Angeles Film School.
After 11 years with Newport Beach-based Lawrence, Mayo & Ponder, founding partner Bruce Mayo has decided to sell his stake in the firm and form his own agency.
Marriott International Inc. has purchased 3.2 acres in Foothill Ranch for an undisclosed amount and plans to build a four-story, 156-room Courtyard by Marriott hotel on the land.
With the initial contract for production of C-17 cargo planes set to expire, the Air Force and Boeing Co. are lobbying hard for an extension of the program, including offering incentives to the nation's commercial airlines and cargo handlers to buy the pl
Orange County counts 107 Japanese companies employing an estimated 16,500 people, according to a new report by two Japanese business groups.
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Farmers and Merchants Bank of Long Beach has nearly half of its 16 branches in Orange County and says it is looking to add more here.
Following the rest of the real estate market in OC, the research and development market showed signs of a cooling trend in the first quarter after the record-high activity and declining vacancy rates seen in 2000. However, the R & D; market here remained tig
Milan Panic didn't seem like a man under attack last week at the annual meeting of ICN Pharmaceuticals Inc., the Costa Mesa-based drug maker he founded more than 40 years ago.
In a 40-minute meeting, Gov. Gray Davis asked President Bush to back price caps on wholesale electricity; Bush declined, saying price caps don't work and would stifle power companies' incentive to build new plants; Davis said he will sue to force federal
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Plenty of Orange County technology companies sell their wares outside the U.S. But Irvine's STM Wireless Inc. did 84% of its $6.2 million in first quarter sales abroad.
Santa Ana-based Balboa Dessert Co. has been tapped as a private-label supplier to Orlando, Fla.-based Galaxy Nutritional Foods Inc., a maker of soy, dairy-alternative and other health foods.
Internet Resources for Small Businesses Range From Accounting to Web Site Design
Community leaders in Little Saigon for years have watched their offspring go outside the enclave for entertainment and shopping. Now, like other parts of Orange County, Little Saigon is losing residents to South County.
Buried in the hoopla of Boeing Co.'s decision to move its corporate headquarters from Seattle to Chicago are the plans to relocate its Phantom Works advanced research and development unit to Seal Beach.
"The Real Estate Today Show" made its debut in December on KRLA 870 AM. But the show's producer, Calvin Johnson, said he wanted a better fit for the program.
Small to medium-size Orange County companies are girding for an expected worsening blackout situation in the coming months.
Beazer Homes bought 85 partially finished 10,000-square-foot lots in Stevenson Ranch from Brookfield Homes. Pacific Communities closed on 89 half-acre lots in West Palmdale. Irvine-based Whittlesey Doyle brokered these transactions. The combined transacti
Is it possible that economic development offices in states like Utah, Tennessee and the Carolinas have hired California's personal injury lawyers to help lure companies away from the Golden State? The thought crosses one's mind when looking at the trial l
IndyMac Bancorp Inc. has something many dot-coms may never have the pleasure of seeing,online profit.
But the Irvine-based company isn't letting stunted sales slow its groundwork for when the market comes back, according to Chief Executive Henry Nicholas.
Orange County-based restaurant chains are wrestling with whether to sacrifice profits or raise prices in a bid to offset higher natural gas and electricity costs. Trouble is, there's little wiggle room in an industry selling 49 cent hamburgers and 69 cent
Gravely disappointed in NASA's March decision to cancel an experimental reusable rocket program on which $1.3 billion has already been spent, Lockheed Martin Corp. has vowed not to let its next-generation project fade away.
One of the stock assumptions about American healthcare is that doctors are cool toward the Internet. A new American Medical Association study, however, shows that physicians could be thawing to the Web.
Orange County's largest women-owned businesses posted a solid 2000 even as the current economic slowdown started to bite at some companies.
While most economists are forecasting that the U.S. economy will soon come out of the current slump and resume its brisk growth next year, one of the best bond managers in the world is taking a skeptical view.
After 20 years with FCB Southern California, Scott Montgomery, executive vice president and executive creative director, has decided to take a breather.
Newport Beach sports agency Steinberg Moorad & Dunn Inc. and parent company Assante Corp. filed suit last week against David Dunn, a former partner in the high-profile firm.
The T & O; Group promoted Dave Robinson from executive vice president and media director to general manager of the Orange County advertising, interactive and public relations firm.