Stories for November 2004

Monday, November 29

Next Generation Rises at Raj, But Mom and Dad Aren't Done Yet

FAMILY OWNED BUSINESS AWARDS - Raj and Marta Bhathal

County's Biggest Employers Post 3% Job Gain

ABOUT THE LIST - OC's biggest employers added jobs in the past year

EXECUTIVE SUMMARY

Summaries of other business news and top stories by industry; Economic Indicators

Brokers: Tower Rents Planned for New Irvine Tilt-Ups

The Irvine Co. is expected to levy tower-level rents on low-rise office buildings planned near The Marketplace shopping center, in the Real Estate column by Mathew Padilla

Rancho Mission's Clan Spans Five Generations

The Business Journal and Cal State Fullerton named this year's Family Owned Business Award winners: Rancho Mission Viejo, Hill Brothers, Raj Manufacturing, Wahoo's, Blytheco,

Santa Ana Mayor Supports High-Rise Condo Projects

Santa Ana Mayor Miguel Pulido has an eye for high-rise housing

Hospital Quality a Factor, but Price, Network Size Key

Quality of care isn't the clincher for companies choosing a health plan. Think cost, size, in the Healthcare column by Vita Reed

Oncotech Recruits Nobel Descendant

A combination cancer testing products maker and drug developer has attracted one of the biggest names in science,Nobel

PEOPLE

Orange County Businesspeople in the news, on the move

Auto Sales to Slip 3% Next Year, but It Could Be Worse

The auto sales outlook for local dealers isn't so hot, in the Marketplace column by Sherri Cruz

Rather Stepping Down; More Moreno

Commentary by Rick Reiff

17200: Motions Seek Prop 64 Retroactivity

It didn't take long for Proposition 64 to spur a flurry of action on 17200 lawsuits

Douglas: Brought Rockets to OC; Shady's Big Deal

OC Insider by Rick Reiff

Pilot TV Shoot Gives Venture Capital a 'Reality' Spin

Venture capital could be next for reality TV, in the Media & Marketing column by Sandi Cain

Hill Brothers Chemicals: Three Generations and Counting

FAMILY OWNED BUSINESS AWARDS - Ron Hill

Election, Evolution, Expletives

VIEWPOINT by Eldon Griffiths

Real Estate Watch: Airport/Central Coast Area

Occupancy Up, Rents to Follow; CHARTS: Net Absorption; Vacancy Rates; Average Asking Lease Rates

Bioshield Act Boosts Chemical Fallout Drug Maker

A startup hopes to develop drugs to treat fallout from chemical warfare

Exports to Asia Surging; China Emerges as No. 3 Market

Exports to Asia are expected to surge

Western Digital Competitor Maxtor Sees Exec Departs

The executive ranks at a Western Digital competitor are in disarray, in the Technology column by Andrew Simons

El Torito Special Menu Draws on Mexico City Heritage

El Torito goes to Mexico City, in the Executive Dining column by Fifi Chao

State of the State

Commentary by Howard Fine, Los Angeles Business Journal

Monday, November 22

TAKING OFFICE SPACE

PacifiCare Health Systems Led Lease Takers With 59,387 Sq. Ft.

Paciolan Lures $5M Comcast Investment, Ticket Deal

Ticket selling software maker Paciolan got $5 million in funding from a Comcast unit, in the Media & Marketing column by Sandi Cain

Industrial Market

Orange County has seen a slow but steady manufacturing improvement thanks to a resilient economy.

National Office Markets

There has been a slow but steady increase in asking rents during the first three quarters of the year.

Kudos

Awards, Honors, Recognition, Announcements in O.C. Business

Stem Cell Board Fills Up With Industry Insiders

The state's stem cell board is filling up quick with insiders

Another Subprime Lease: Ameriquest Takes Space

Ameriquest is taking another big office lease for its sprawling operations

Orange County Office Market

The Orange County office market closed the third quarter on steady footing.

IV SHIFT - ICU Medical Looks to Broaden by Buying, Investing

Slumping device maker ICU Medical is looking to branch out after years of relying on a single product

Rutan's Wall Now Working on Bill Jones IPO

OC INSIDER by Rick Reiff

Competition Drives Newport Marriott, Ritz-Carlton Upgrades

A pair of coastal resorts plans $100 million on big renovations

Office Market

Solid demand for Orange County office space continued in the third quarter with 1.2 million square feet of positive net absorption.

TAKING INDUSTRIAL SPACE

Largest OC industrial leases in the third quarter

DEAL BAROMETER

A new trend seems to be emerging in Orange County: Proposed office building projects are being replaced with plans for high-rise residential development.

Little Italy: Gelato Amore Does Savory Gelato, Sorbet

Gelato Amore has the real thing, in the Executive Dining column by Fifi Chao

Real Estate Deals

This week's postings of Real Estate sales and leases

Arte, Give It Up

Arte's Angels renaming bid is a bad idea, an Editorial by Rick Reiff

Make Room Mortgage Guys, Here Come the Lawyers

Lawyers have stepped up with some big leases of late, in the Real Estate column by Mathew Padilla

TOP OFFICE CONSTRUCTION

Largest OC office projects under construction in the third quarter

Ex-Marsh Brokers Start West Coast HQ for McGriff

Some former Marsh insurance brokers have splintered off and set up a new operation in Irvine

BIGGEST OFFICE SALES

Maguire Nabs Park Place for $215M in Q3's Top Office Deal

Lola Rouge Expands From 17th Street to Fashion Island

Hip Lola Rouge opened a store at Fashion Island, in the Marketplace column by Sherri Cruz

ResMae Mortgage Sets Move, Expansion With Olen Pointe Brea Deal

ResMae is moving its headquarters with plans to double its operation

BIG INDUSTRIAL SALES

Largest OC industrial sales in the third quarter

LETTERS

Letters to the Editors

TOP INDUSTRIAL CONSTRUCTION

Largest OC industrial projects under construction in the third quarter

PacifiCare Sees Individuals Driving Savings Accounts

PacifiCare sees individuals,rather than groups,as the prime users of two healthcare savings account plans due out soon, in the Healthcare column by Vita Reed

CSUF Executive Eyeing Nevada Job

A Cal State Fullerton executive is a finalist for Nevada State College's open president position

Olenicoff Hit With Another Tax Claim

The Internal Revenue Service once again is targeting real estate developer Igor Olenicoff

RELUCTANT RETURN

Conexant looks a lot like it used to

RATES ON THE RISE

It's been years since brokers have had as much fun debating the office market's future. The big question now: How fast will rents rise?

EXECUTIVE SUMMARY

Summaries of other business news and top stories by industry; Economic Indicators

Real Estate Watch: Retail

Few retail center projects are in the planning stages

Born to Be Wild: Peter Fonda Sues Fullerton-based Dragonfly Clothing

Actor Peter Fonda sued Fullerton's Dragonfly Clothing over the use of his image

Results Bring Proof of Contract Electronics Slowdown

Once-hot contract electronics makers are definitely not, in the Technology column by Andrew Simons

Baker Tanks Buys Torrance Maker of Filtration Systems

Baker Tanks has picked up a Torrance-based maker of air and water treatment gear

Medical Office Building Going Up Near Hoag

Construction on a medical office building near Hoag Presbyterian is set for early next year

Tourism, Investor Rebound Spur Pick Up in Hotel Sales

Nineteen hotels changed hands in the first half of the year, versus 13 a year earlier, according to Costa Mesa-based Atlas Hospitality Group. That's the highest six-month total since 2001.

PEOPLE

Orange County Businesspeople in the news, on the move

Monday, November 15

LITTLE SAIGON STARTUP

Chinese and Korean immigrants have plenty of ethnic banks in the Southland to trust with their business.

Real Estate Deals

This week's postings of Real Estate sales and leases

Partners Pitch Lands for Homes,Via Infomercials

Actor Erik Estrada is key to National Recreational Properties' TV land sale pitch

ASSET ADD

ABOUT THE LIST - summary of the top commercial banks

DEAN'S LIST - Raising Money is Tops, Boosting Rankings

The University of California, Irvine's Graduate School of Management is counting on its new dean to boost fund raising

Rockefeller Adding Blue Chip Name to Real Estate Scene

The Rockefeller Group opened a Newport Beach operation

Lennar Follows Pulte With Home Completions Warning

Lennar warned that its home completions in Southern California would be delayed, in the Real Estate column by Mathew Padilla

Real Estate Watch: High-Rise Office Market

Pivotal Year for High-Rise Market

Viewpoints: Dissecting the Election

Dissecting the election

Advanced Medical Optics: 2 Years Out, 2 Big Deals

Advanced Medical Optics is making its second big buy in the eye surgery market

Hospitals Get Break With Delay of Nurse Staffing Law

The state's nurse staffing law has been delayed, in the Healthcare column by Vita Reed

Irvine Company Marks Return to Development

Start your engines: The Irvine Company is getting back into office development

Caliber Motors Pitches Workouts, St. Regis Weekend

The Arrowhead Pond hopes a reality show tie-in draws professional lacrosse fans, in the Media & Marketing column by Sherri Cruz

Yujean Kang's Latest, Greatest Wine Feature: Navarro

Navarro Vineyard is Yujean Kang's next feature, in the Executive Dining column by Fifi Chao

Interchange's Shares Gain Since October Stock Debut

Interchange's stock offering is turning out to be a blockbuster, in the Technology column by Andrew Simons

EXECUTIVE SUMMARY

Summaries of other business news and top stories by industry; Economic Indicators

Arturo Angels; Incoming Calls

A take on Arte's marketing strategy for the Angels, an Editorial by Rick Reiff

South Korea's Pantech Sets Up U.S. Base in Cypress

South Korean cell phone maker Pantech is planting its North American base in Cypress

Direct Mailer Eyes Latina Moms; Big Names Bite

A direct mailer eyes a sought-after market,Latina moms

PacifiCare Outgrows HQ, Moves Claims Staff

PacifiCare is moving 500 workers after outgrowing its Cypress headquarters

CHINA WALL

One of the most tightly controlled economies in the world has been transformed into a rapidly emerging capitalist marketplace.

Behind Banking's Chase for Hispanics: Building Trust

As much as commercial banks in Orange County like to brag about how much they're doing to draw Hispanics, much about the uphill battle that remains.

SWELLING BASE

ABOUT THE LIST - summary of Orange County's credit unions

PEOPLE

Orange County Businesspeople in the news, on the move

BANKING OUTLOOK

For a more in-depth look at the local banking sector, the Business Journal spoke with top officials at a sampling of Orange County banks and a banking consultant.

Pro Lacrosse's Anaheim Storm: They'll Do Anything

John Wayne Airport Ad Contract Extended; Another Pro Sport Deal for Ameriquest Mortgage

Memo to Arte: Swap L.A. Gold For OC Platinum

OC INSIDER by Rick Reiff

Monday, November 8

Business Sees Near Clean Sweep, Except for Millionaires

Business saw a near clean sweep in last week's voting, except millionaires

Panattoni Eyes Office, Hotel, Retail Project in Ontario

The Irvine office of Panattoni Development plans a big mixed-use project in Ontario, in the Real Estate column by Mathew Padilla

PEOPLE

Orange County Businesspeople in the news, on the move

San Juan Capo Entrepreneur Pitches Mexico Tourism

Robert Oveson is promoting resorts on Mexico's Pacific Coast, in the Media & Marketing column by Sandi Cain

Inventions, Globalization Key UCI Biomedical Events

University of California, Irvine, scientists are showing off their work, in the Healthcare column by Vita Reed

IN THE MARSH

Insurance brokerages in Orange County and across the state face new regulations next year as a result of New York Attorney General Eliot Spitzer's lawsuit against Marsh & McLennan Cos.

IntraLase Has Plans for Public Offering Cash: Research

Intralase Corp. has $86 million from its October public offering and plans to spend on research

SARBANES FOR NONPROFITS

Charitable groups here and across the state face their own Sarbanes-Oxley-style legislation

RV Plan Pits Edison vs. Irvine Office Park

Irvine office owners are up in arms over Southern California Edison's plans for an RV park,

Business Breathes Sigh of Relief With Slim Proposition 72 Defeat

Proposition 72, mandating that companies provide healthcare insurance for workers arguably was the biggest thing for business on last week's ballot.

MORE COMPETITIVE

Insurance brokers saw revenue gains for the 12 months ended June 30, though stepped up competition tempered growth from a year earlier.

After Years of Fruitless Wrangling, Businesses Toast 17200 Code Fix

Business got what it wanted with the passage of Proposition 64 and the defeat of Proposition 72

Nick Says 'Yes' to Politics, 'No' to Political Office

OC INSIDER by Rick Reiff

LETTERS

Tech's take on the election outcome and winners and losers.

CFO Heading Back to Familiar Territory for MTI Job

MTI's new chief executive financial officer is coming back home, in the Technology column by Andrew Simons

Real Estate Watch: Low-Rise Office Space

The low-rise office market is in a solid recovery

Kids Clothier Naartjie Calls OC a Fit, Eyes More Stores

Auto dealers are hoping last month's car show in Anaheim brings buyers to the showroom, in the Marketplace column by Sherri Cruz

UCLA Business Dean Finalist Stirs Concerns

The search for a business dean at the University of California, Los Angeles, is sparking concerns over the process and the apparent finalist

NEW BOSS

Broadcom's new mixes traits of his predecessors

BEFORE SPITZER

The insurance brokerage commissions that are at the center of the Marsh & McLennan Cos. scandal were the subject of two lawsuits filed three years ago in California.

All Karyn: First Comes Village Mediterranean Rim ...

Village Mediterranean Rim in San Clemente is a personal favorite, in the Executive Dining column by Fifi Chao

Election Reflections

COMMENT - An Editorial by Rick Reiff

Nationally, State's Ignored; Little Call for Reform

California proved irrelevant in the presidential race. What if it weren't a winner-take-all state?

BENEFITS SHIFT

Benefits have shrunk for rank-and-file workers as well as top executives, but in different ways.

EXECUTIVE SUMMARY

Summaries of other business news and top stories by industry; Economic Indicators

Monday, November 1

Register Heir Hoiles in New Battle, With His Lawyer

OC Insider by Rick Reiff

O'Leary Lands Kawasaki Motors Account, Adds Staff

O'Leary won Kawasaki Motors' ad account and made some key hires, in the Media & Marketing column

REAL ESTATE DEALS

This week's postings of Real Estate sales and leases

It's Always Lamb Season at Jamillah Garden in Tustin

Jamillah Garden is the place to go for interesting lamb dishes, in the Executive Dining column

LETTERS

Letters to the Editors

Atlantic Buying JWA Corporate Jet Center

A Dallas aviation company bought Newport Jet Center at John Wayne Airport

UCI Researchers Link Early Stress to Brain Disorders

UCI researchers line early stress to brain disorders, in the Healthcare column

PEOPLE

Orange County Businesspeople in the news, on the move

MBA Enrollment Rises at UCI, Chapman, Cal State Fullerton

ABOUT THE LIST - summary of the top Southland MBA schools

Sunstone's $13M Remodel of Newport Hyatt Nearing Finish

The $13 million Hyatt Newporter remodel is almost done,new name included

Food Distributor Set for Move to Corona

The nation's second largest food shipper is set to move its Santa Ana distribution center to Corona

Little Saigon's Big Uproar: Show Nixed

An MTV-inspired show has been nixed by Westminster's Saigon-TV after complaints by anti-communists

Nationwide Health Sees Payoff From Medicare Gains

Nationwide Health Properties has seen a rebound in its holdings

Business Groups: Sex Harassment Law Is a Cost Issue

Business groups are complaining about a new sex harassment law

Losing Money and Value, ChromaVision Tries New Tack

ChromaVision Medical's new chief executive is moving the company into cancer diagnostics

Private Equity Firms Acquire Anaheim Drug Provider

A pair of private equity firms bought Crescent Healthcare

Real Estate Watch: Construction

The retail sector leads construction under way

ACCOUNTING'S LURE

Surging demand for accountants is spurring enrollment gains for university accounting programs.

Broadcom Warning Highlights Chip Inventory Buildup

Broadcom's revenue warning highlights the chip inventory buildup, in the Technology column

BUSINESS ETHICS

Orange-based Chapman University's MBA program continues to offer a graduate school elective in corporate governance.

Quagmire; Curses

COMMENT by Rick Reiff

Growing Electronics Distributor Buys Building

An electronics distributor's building buy could be a good sign for the tech sector

Hotels: Scant Fallout,or Gain,From L.A., Other Labor Standoffs

OC hotels have seen little fallout from labor strife in Los Angeles and the Bay area. PLUS: Hospitality Labor Primer

Makar Aims to Fill in PCH, Lure Trendy, Offbeat Retailers

Makar Properties has plans to bring chic shopping to Surf City

Community Colleges Offer More Than Transfers to UC, Cal State Systems

Reports on developing a career at OC's community colleges

EXECUTIVE SUMMARY

Summaries of other business news and top stories by industry; Economic Indicators

Sunstone Sells Off Management Unit

Sunstone Hotel Investors sold off its management unit as part of its conversion to a real estate investment trust

Chipmakers Hold Steady, Brace for Slowdown

Chipmakers had a pretty quiet year on the hiring front

Jaguar Dealer Hopes Automaker Plays Up Luxury, Too

Some Jaguar loyalists don't like the entry-level X-type, in the Marketplace column,

Syndicators Back With Couple of Big Real Estate Buys

The real estate syndicators are back, in the Real Estate column