Stories for May 2011

Tuesday, May 31

Autopsy on LRG Cofounder Inconclusive

An autopsy done Wednesday on Jonas Bevacqua has failed to determine a cause of death for the 33-year-old cofounder of the Irvine-based clothing maker Lifted Research Group Inc.

Grubb & Ellis Still Exploring Sale with Colony Capital, Others

Santa Ana-based commercial real estate company Grubb & Ellis Co. is still seeking potential suitors for a potential sale of the company and its Daymark Realty Advisors subsidiary, the company said on Tuesday.

Opus Bank to Open Six More Branches

Opus Bank, which has its executive headquarters in Irvine, said Monday it has finalized leases for six additional branches in Orange County and the rest of Southern California.

Sunday, May 29

Real Mex Promotions: New Boss, 3-Course Meals

DINING: loan payment looms; Bennigan’s vet joins this week

Real Mex Restaurants’ new promotions are aimed at reversing down sales


Tablets Pass PCs in Buying Cycle; Cloud Could Carry New Round

Memory products maker Kingston Technology Co. wasted little time trimming its sails after racking up a record $6.5 billion in revenue last year, a 59% increase.

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Fairground’s Best Bet


Craig Wilson explains why the pending fairgrounds deal is exceptional

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OC’s high-rise office market showed signs of a recovery in the first quarter

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Real Estate Boutique: Shift From Workouts to Buyouts

Bridgeport Sees Financing Back, Clients Out Buying

Principals at Bridgeport Investments expect a busy year, in Real Estate


Sales and leases of offices, industrial buildings, retail space and apartments

Allergan: Gains on Botox for Migraines Ease ER Load

Drug Pitched as Cost Saver for Managed Care Insurers

Allergan says two thirds of insurance plans will cover Botox, in Healthcare

Sage Software Chief: Q1 Strong, Q2 Could Be Better

Small-Business Spending on Upswing After Slump

Sage Software could be breaking out of a two-year slump, in Technology

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Oakley Throws Surfer Party To Roll Out Boardshorts

Company Throws Bash in San Clemente, starts ads

Oakley debuted its new boardshorts with a party, in Media and Marketing

CALENDAR - May 30-June 8, 2011

A listing of events happening all around Orange County. May 30-June 8, 2011

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Home in Laguna’s Three Arch Bay Sells for $6 Million

South Laguna Neighborhood Home to Hollywood Types

A home recently sold for $6 million in Laguna Beach’s Three Arch Bay

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MARKET WATCH - May 30, 2011

The Week's Best, Worst Performers; Roth OC50, Billion Dollar Club, OC Tech; Index Watch, 52-week Performance


Stories in this week’s Orange County Business Journal

Stock Sale

Security Device Maker Identive Sells Shares; Wild Stock Swing With NXP Deal, Offering

Identive Group raised more than $20 million before fees in a stock sale.

RSI Breaks Ground on 9-Home Project

A homebuilding offshoot of Newport Beach-based cabinetmaker RSI Holding Corp. is moving ahead on a nine-home project in Buena Park.

Business Journal Honors Local Woman Execs at Yearly Event

Katherine Le, president of Santa Ana-based Stearns Lending Inc., and four other local businesswomen were honored Wednesday at the Business Journal’s 17th annual Women in Business awards luncheon in Irvine.

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Kingston: Undisputed King of Key Computer Memory Market in 2010

TECHNOLOGY: Company has half of DRAM module market

Kingston has half of the market for the most common memory in computers

Strong April for Auto Dealers

AUTO: Sales up 14% from year ago; eight-month growth streak

April was another good month in an ongoing recovery for local auto dealers

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Brea Designer, 29, Creates Buzz With Her Line of Swimsuits

APPAREL: Lolli Beach’s suits pair bows, ruffles with sexy cuts

YOUNG ENTREPRENEURS - Local startup Lolli Beach Candy’s swimsuits are playful and colorful

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Cameron’s $107M Plan: FDA Trial, Manufacturing

HEALTHCARE: Quality control key; device has industry attention

Cameron Health plans to use a recent funding to complete a U.S. clinical trial

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William Lyon Homes’ $206M Loan OK Despite Drop in Value

REAL ESTATE: current with Colony; eyes investment bankers

William Lyon Homes’ valuation took a big hit with the recent downturn

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Allergan Wins Phase in Latisse Litigation

HEALTHCARE: Court revives patent lawsuit for eyelash drug

Allergan won a round in court over its Latisse eyelash grower

Computer Products Makers End Employment Slump

Gain of 1.5% after four years of cuts; Western Dig still tops

ABOUT THE LIST: A look at OC computer products companies. Includes the 2011 OC's LARGEST COMPUTER PRODUCTS COS list for download (pdf)

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Blizzard Leads Software Makers to 15.3% Increase

Games fuel rise to $7.1B for biggest; jobs up 3% to 7,700

ABOUT THE LIST - A look at OC software makers. Includes the 2011 OC's LARGEST SOFTWARE COMPANIES List for download (pdf)

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Big Land Owner Courts Builders

REAL ESTATE: housing plans for Rancho Mission Viejo land

Rancho Mission Viejo is planning to get back into homebuilding

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Big Picture

Google Exec, Makarechian, Others Push Issues at Gen Next

Gen Next’s OC chapter generates national attention for projects and causes

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Israel Fertile Ground for Broadcom, Other Tech Companies

TECHNOLOGY: Engineering, startups drive recent buying

Broadcom’s recent Israel deal is the latest in a series for the company

KBS, Other Lenders See Loans Defaulted

REAL ESTATE: loans made for big 2008 office portfolio buy

A loan made by an affiliate of KBS Realty Advisors is behind on payments

PacSun Breaks Sales Slump, Adds Designers

RETAIL: first same-store gain since 2007; still seeking profits

Pacific Sunwear of California is working through its recent struggles

Friday, May 27

Analyst: Broadcom Could Rival Qualcomm in Key Mobile Phone Chip

Shares of Irvine-based chipmaker Broadcom Corp. were up Friday on bullish comments from an analyst about the company’s processor chips for mobile phones.

Thursday, May 26

RSI Breaks Ground on Buena Park Homes

A homebuilding offshoot of Newport Beach-based cabinet maker RSI Holding Corp. is moving ahead on a nine-home project in Buena Park.

Quality Systems Beats Expectations

Irvine healthcare software maker Quality Systems Inc. on Thursday reported results for its most recent quarter that beat Wall Street’s expectations.

Wednesday, May 25

Stearns Lending's Le, Other Businesswomen Honored

Katherine Le, president of Santa Ana-based Stearns Lending Inc., and four other local businesswomen were honored Wednesday at the Business Journal’s 17th annual Women in Business awards luncheon in Irvine.

April Auto Sales Rise

Sales at Orange County auto dealers rose in April, up 13.5% to 10,198 autos from a year earlier, according to the Newport Beach-based Orange County Automobile Dealers Association.

Kingston Boosts 2010 Share of Key Memory Market

Fountain Valley-based memory products maker Kingston Technology Co. claimed half of the market last year for the most common memory used in computers.

Tuesday, May 24

Identive Outlines Stock Sale, Could Raise $23M Before Fees

Santa Ana’s Identive Group Inc., a maker of scanners, readers, cards and other security devices for buildings and computers, has outlined plans to raise as much as $23 million before fees in a stock sale.

Pacific Sunwear Warns of Wider Loss in Current Quarter

Mall retailer Pacific Sunwear of California Inc. warned of a wider loss than expected for the current quarter as it ramps up marketing efforts and tests new clothing styles in stores.

Appeals Court Overturns Allergan Loss on Latisse

Irvine drug maker Allergan Inc. on Tuesday got a win in its battle to defend patents for its Latisse eyelash grower when a federal appeals court reversed a lower court loss.

Monday, May 23

Security Device Maker Selling Shares, Sees Wild Stock Swing

Santa Ana’s Identive Group Inc., a maker of scanners, readers, cards and other security devices for buildings and computers, saw a wild swing on Wall Street Monday capped by an afterhours decline on plans to raise money with a stock sale.

QLogic Increases Market Share Lead in Q1

Aliso Viejo-based QLogic Corp. upped its lead over rival Emulex Corp. of Costa Mesa in first-quarter sales of a profitable piece of networking electronics.

Sunday, May 22

Developer Readies 64-Acre Inland Empire Project

REAL ESTATE: O’Donnell to put up 1.2M sq. ft. of industrial

O’Donnell Group started work on a development in the Inland Empire

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Local Guy, Global Focus

Marriott’s Fuller Calls Laguna Hills Home, World His Market

A look at tourism in the county, in a Special Report

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Hotel Rate Gains Expected on More Demand, Steady Supply

Employment up 2%; room counts unchanged over year

A look at the largest hotels here. Includes the 2011 OC's LARGEST HOTELS list for download (pdf)

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Shoe Designer Draws Inspiration From Peru, Recycled Tires

APPAREL: Trendy shoes sold online, at coastal OC boutiques

INNOVATION - Profiles of inventions, innovations and entrepreneurs. G.A.Y. Inc. in Tustin makes chic shoes out of tires

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JWA Sees Canada Link as Forerunner on International Service

TRANSPORTATION: Customs in new terminal; Mexico next?

John Wayne Airport is hoping its new terminal boosts international service

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Buena Park Looks to Rebrand, Stand Apart To Draw Visitors

TOURISM: Upgrades in works; Hampton Suites for old motels?

Buena Park officials are revamping the city’s entertainment district

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Costa Mesa Drives Experian’s Results

FINANCE: Credit scores, auto data drive North American HQ

Experian North America helped spur annual results for its British parent

Linksys Fate Unclear in Cisco’s Reworking

TECHNOLOGY: Speculation about sale; Cisco says committed

Cisco Sytems’ networking unit is rumored to be for sale

Chapman Plans China Campus; Agran’s History of Irvine

OC INSIDER Column by Rick Reiff

Army’s Shift Points to More Cutbacks at Boeing

DEFENSE: Afghan project sees abrupt cut; jobs fallout seen

Boeing is likely to see more job cuts as one of its programs shrinks

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Sale Resets Market in Platinum Triangle

REAL ESTATE: $8.5 million for 3.8 acres; more apartments likely

A developer bought a bank-owned lot in Anaheim’s Platinum Triangle

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Online Lender Gets 83,000 SF to Grow

FINANCE: HQ, wholesale line to Foothill Ranch is expanding its headquarters with a move to Foothill Ranch

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Exec Club

San Juan’s Marbella: Execs, Events, Tough Course

Marbella Country Club is a stomping ground for local executives

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Publishers, Hollywood Take Liking to Laguna Niguel Author’s Novels

Local author Alyson Noël is seeing success with her young adult novels

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North County, Airport Area Account for Latest Gain

OC’s low-rise office market showed signs of a slow recovery in the first quarter

Timing Is Question for Healthcare Real Estate Shares

Uncertainty on Medicare; Is Trend Ripe or Hype?

Healthcare real estate investors are waiting on Medicare decisions, in Healthcare

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Sales and leases of offices, industrial buildings, retail space and apartments

Cadigan Adds to Portfolio With $43M Apartment Deal

Private Buyer Tacks Onto Pair of Tustin Purchases

A local investor bought apartments in Tustin and Anaheim, in Real Estate

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MossWarner Fights Frugal Trend in Delsey Campaign

Ads for Upscale Brand Go “Aspirational,” Younger

MossWarner is pushing a return to luxury for a client, in Media and Marketing

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Analyst Ups Rating on STEC, Calls Selloff Overdone

Down 25% Since May 11; Growth Prospects Remain

An analyst upped his rating on STEC after shares took a hit, in Technology

CALENDAR - May 23-June 1, 2011

A listing of events happening all around Orange County. May 23-June 1, 2011

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Stories in this week’s Orange County Business Journal

Friday, May 20

County Adds 12,100 Jobs in April, Unemployment Rate Back Under 9%

Hiring for the summer tourism season and job gains in professional and financial services drove Orange County's unemployment rate in April to its lowest level in nearly two years.

Kofax Paying Up to $10M for Software Company

Irvine-based Kofax PLC is paying up to about $10 million to buy a Massachusetts maker of software for viewing documents online.

Thursday, May 19

Deckers Outdoor Buying Sanuk for $120 Million

The Goleta-based parent company of shoe brands Simple and Ugg announced a $120 million bid to buy Irvine-based sandal maker Sanuk USA LLC.

Nike Executive Shuffle Leaves Hurley With Interim CEO

An executive shakeup at Costa Mesa-based Hurley International LLC’s parent company Nike Inc. has left it without a permanent chief executive.

Wet Seal Warns of Q2 Profit Shortfall

Foothill Ranch-based mall retailer Wet Seal Inc. warned of lower profits for the current quarter as it increases spending on marketing initiatives in a bid to boost sales.

Wednesday, May 18

Device Maker Cameron Raises $107M

San Clemente-based medical device maker Cameron Health Inc. has raised $107 million in venture funding, one of the larger financing rounds a company based here has seen.

Pimco's El-Erian: No Interest in IMF Job

Mohamed El-Erian, chief executive of Newport Beach-based Pacific Investment Management Co. and a former International Monetary Fund executive, said he’s not interested in heading the IMF.

Tuesday, May 17

Electric Vehicle Maker T3 Sees Surge in Amex Debut

Shares of Costa Mesa-based electric vehicle maker T3 Motion Inc. surged Tuesday in their debut on the American Stock Exchange.

Monday, May 16

Sanofi’s Genzyme Sues Allergan in Royalty Dispute

A unit of France’s Sanofi-Aventis SA has sued Irvine-based Allergan Inc. in a dispute over royalties related to Allergan’s wrinkle treatment Juvéderm.

CoreLogic Ups Size of Debt Offering

Santa Ana-based data services company CoreLogic Inc. has priced and expanded a debt offering that’s set to wrap up this week.

Ista Sees Generic Rival to Eye Drug, as Expected

Irvine-based Ista Pharmaceuticals Inc.’s has seen the debut of a long awaited generic rival to its Xibrom drug for cataract surgery patients.

Sunday, May 15

Game Maker Blizzard Eyes China for Gap in Major Releases

TECHNOLOGY: Nation offers natural growth until Q4 releases

Blizzard fills a gap between games with a push in China

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Stimulus Programs, Recovery Push Big Jump in SBA Lending

$220M total; Wells surpasses non-profit; fee waivers a key

ABOUT THE LIST: Federal stimulus programs and the ongoing economic recovery helped bring another big boost in Small Business Administration lending in Orange County. Includes the 2011 OC's LARGEST SBA LENDERS list for download (pdf)

CoreLogic Looking Beyond Real Estate

DATA: Year-old company eyes fraud, risk offerings for growth

CoreLogic still is getting settled a year after it split off from First American

Allergan: Wrinkle Filler Juvéderm Up Big; Lap-Band Lags

HEALTHCARE: Weight-loss device faces insurance, access issues; Botox migraine still in early stages

Eye and cosmetic drugs boosted Allergan’s first quarter

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Lakeside Tower Sale Part of Foreign Trend

REAL ESTATE: Asian trust gets 10-story office; gateways heat up

Santa Ana’s Lakeside Tower has been bought by an Asian buyer

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Sabra Deals Reduce Dependence on Sun

HEALTHCARE: Hospital part of plan to get beyond nursing homes

Sabra Healthcare diversifies with a recent $80 million buying spree

Hobie Taps Hurley for Menswear Brand Revival

APPAREL: Slightly older aim for Nike unit; October debut

Hobie is teaming with Hurley for a menswear line

El Pollo Loco Eyes End to Slump

DINING: TV spots set, shift on promotions to keep checks up

El Pollo Loco has plans for a new summer ad campaign to boost lagging sales

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Aliso Viejo School’s Global Outlook Draws Executives’ Kids

EDUCATION: St. Mary’s has apparel, tech, real estate families

St. Mary’s international program attracts local executives’ kids

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Wall Street Shows Concerns, Patience on Avanir’s New Drug

HEALTHCARE: Rollout costly, long-term sales outlook $350M

Analysts remain optimistic on Avanir despite challenges ahead

Eye Surgery Device Maker Raises $16M in Funding

HEALTHCARE: WaveTec has raised $54 million in all; buyout?

WaveTec Vision Systems raised $16 million in a fourth round of funding

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Stories in this week’s Orange County Business Journal

CALENDAR - May 16-25, 2011

A listing of events happening all around Orange County, May 16-25, 2011

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Great View, ‘Like New’ Adds Up to $4.2 Million Sale

Newport Coast Deal Starts Online, Ends on Footwork

A great view recently drove the sale of a Newport Coast home

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Emulex Cuts After Rise in Costs, Lackluster Outlook

Some 60 Layoffs, Closure of Design Centers Planned

Emulex plans to downsize after disappointing results last quarter, in Technology

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Less Healthcare Use Spurs UnitedHealth, Other Insurers

Patients Seen Upping Use in Second Half of Year

Unexpectedly light healthcare use by patients paid off for managed care companies in the first quarter, in Healthcare


Sales and leases of offices, industrial buildings, retail space and apartments

REAL ESTATE WATCH: Greater Los Angeles

L.A. Office Market Breaks Three-Year Slump, Remains Work in Progress

The Greater Los Angeles area saw a drop in vacancy for the first time in three years

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Time to Decide

Some Seek Investors for Cash Flow Help, Others Unwilling to Give Up Their “Baby”

Ask any small business about keys to growth and they’ll likely bring up cash flow.

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Small Business on Hiring: Caution Required Until Recovery Firms Up

Many hold off even with sales gains, use temps to fill gaps

Santa Ana-based Rubberite Cypress Sponge saw record sales of its uncut and custom rubber, sponge and construction products in 2010.

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Many switch from corporate to startups; flexibility is key

The latest trend in small business might be the mom sitting next to you.

Daily Deal Sites Join Rush for Local Appeal, Revenue

MEDIA: Groupon spurs crop of lookalikes; Register’s record day

Daily deal websites are cropping up in the county

Sage Coach

New Boss: Marketing Key To Ending Big Software Maker’s Slump

Sage Software is looking to build brand recognition

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Sunwest Expands With Irvine Lease

FINANCE: Growing bank gets high-profile airport area space

Sunwest Bank is expanding with a move to Irvine

Bosch Outfits Blogger’s Kitchen to Boost Brand Image

Eyeing “More Interesting Content,” Female Appeal

Bosch has hired a local blogger in its new campaign, in Media and Marketing

Wirta, CT Realty Join Up, Go Coastal for Apartments

Partnership Gets Started With $10M on Buys in Costa Mesa

CT Realty has teamed with Ray Wirta to buy apartments, in Real Estate

Friday, May 13

Fisker Raises Another $100M

Irvine-based luxury hybrid auto developer Fisker Automotive Inc. has raised another $100 million in venture funding as the company prepares to ship its first model to customers next month.

Newly Private Conexant Draws Investment

Newly private chipmaker Conexant Systems Inc. of Newport Beach has raised an undisclosed amount of funding from a Menlo Park venture capital firm.

Thursday, May 12

Quest Software Invests in Silicon Valley Company

Aliso Viejo-based Quest Software Inc. joined the venture arm of Intel Corp. to lead a $6.5 million funding of a Silicon Valley software developer.

Questcor Pharmaceuticals Shares Soar

Shares of Anaheim drug maker Questcor Pharmaceuticals Inc. shot up Thursday, on news of more new prescriptions for its sole drug.

Device Maker WaveTec Gets $15.9 Million Investment

Aliso Viejo eye device maker WaveTec Vision Systems Inc. said Thursday that it received $15.9 million in a fourth round of funding.

Former Mindspeed CFO Lands at Space Startup

Bret Johnsen, the former chief financial officer of Newport Beach-based chipmaker Mindspeed Technologies Inc., has taken a job at Hawthorne’s Space Exploration Technologies Corp., the space launch startup started by PayPal cofounder Elon Musk.

Wednesday, May 11

STEC Hammered After Disappointing Outlook

Shares of Santa Ana-based solid state storage drive maker STEC Inc. plummeted Wednesday, a day after the company offered a disappointing outlook for the second quarter as Japan’s disaster impacts orders.

Netlist Reports Mixed Q1 Results

Irvine-based computer memory products maker Netlist Inc. on Wednesday reported a first quarter loss that beat Wall Street expectations and revenue that missed estimates.

In-N-Out Opens Texas Restaurants

Irvine-based In-N-Out Burgers Inc. opened its first Texas restaurants on Wednesday to long lines of people, some of whom camped out the night before.

Tuesday, May 10

El Pollo Loco Sales Slump, Profits Up on Cuts

The parent company of Costa Mesa-based El Pollo Loco saw sales fall again in the first quarter while shoring up profits with cost cutting.

Monday, May 9

Blizzard's 'Warcraft' Helps Drive Parent's Results

Irvine-based online game maker Blizzard Entertainment Inc. helped drive first-quarter results for Santa Monica’s Activision Blizzard Inc.

Broadcom, WD, Spectrum Group Up on Fortune 500

Broadcom Corp., Western Digital Corp. and Spectrum Group International Inc. made big jumps on the 2011 Fortune 500 list of the nation’s largest corporations.

Broadcom Buying Israeli Chip, Software Developer

Irvine chipmaker Broadcom Corp. is set to acquire SC Square Ltd., an Israel-based developer of security software, for $42 million.

Sunday, May 8

LBA Buys Former MPG Tower in Downtown L.A.

Irvine Firm Paid $158M for 28 Stories, 600,000 SF

LBA Realty has a deal to buy a downtown L.A. office building, in Real Estate

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Broadcom Talks Up Long View of Deal for Provigent

Sees Big Engineering Gain, Margins Dip in Short-Term

Broadcom sees long-term benefits in its latest buy, in Technology

Billabong Joins Vivendi Music Labels for Youth Push

Tie-Ins Planned on Events, Music, Films, Merchandise

Billabong has teamed with Universal Music Group, in Media and Marketing

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Questcor’s Optimism Confirmed on Sales of MS Drug

Core Use Makes Headway With Doctors, More Seen

Questcor came through on optimistic projections, in Healthcare

MARKET WATCH - May 9, 2011

The Week's Best, Worst Performers; Roth OC50, Billion Dollar Club, OC Tech; Index Watch, 52-week Performance

Apria Taking Back Outsourced Billing

HEALTHCARE: Provider of home care sees impact from shift

Apria Healthcare is reworking how it bills for its services

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Cianna Gets $12M, Plans Sales Push on Breast Cancer Device

HEALTHCARE: device maker to add staff, work on new products

Cianna Medical has raised $12 million in venture capital

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Newport Medical Sees Local, Global Growth With Ventilators

HEALTHCARE: Smaller model big offshore; low price helps here

Newport Medical Instruments recently doubled its space in Costa Mesa

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Kingston Passes Pacific Life as Top Private Co.

ECONOMY: Pac Life’s parent slips after 16 years in top spot

ABOUT THE LIST: Kingston has taken the top spot as the county’s largest private company. Includes the 2011 OC's LARGEST PRIVATELY HELD COs list for download (pdf)

Grass Greener?

Conexant Trades Quarterly Crunch for Private Equity Owners

Conexant is adjusting to life as a private company

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Stories in this week’s Orange County Business Journal

CALENDAR - May 9-18, 2011

A listing of events happening all around Orange County

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Busy Shoppers Drive Net Absorption for Q1


The positive momentum that started at the end of 2010 in Orange County’s retail market has continued in 2011, with improvements in the national economy spurring increases in consumer spending so far.

Industrial Trims Pace; Rates, Prices Steady


The industrial market in Orange County started off this year with a healthy pace of activity after a slight drop-off at the end of last year.

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Q1 Tops All of Last Year on Absorption


The first quarter saw the Orange County office market continue to recover from the recession, with net absorption that topped all of the prior year and added to a recent positive streak.

Property Managers Post Modest Gain in Mixed Market

2% overall portfolio increase gets total back to 2007 level

Orange County’s biggest commercial property managers combined to eke out a second consecutive annual gain amid a real estate market that remains in flux thanks to plenty of distressed properties with uncertain ownership. Includes the 2011 OC's LARGEST PROPERTY MANAGERS List for download (pdf)

Right Timing, Hustle for New Tenants Can Bring Big Profits

What’s the best—and quickest—way to make a profit in a slowly recovering real estate market?

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Newport Beach Film Festival

A review of the Newport Beach Film Festival

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Sales and leases of offices, industrial buildings, retail space and apartments


Key Drivers Are Bright Spot Amid Office Vacancies in Inland Empire

Includes Real Estate Watch industry performance charts.

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Johnny Rockets: Americana Abroad Driving Growth

DINING: expanding in Mexico, South Korea; eyes Russia, others

Johnny Rockets is aiming to grow in other countries

Del Taco Eyes Utah, Texas, Beyond for Expansion

DINING: giving flexibility for franchisees on sizes, buildings

Del Taco is eyeing expansion in a few western states

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Volcom Deal Seen Bolstering Global Growth

APPAREL: Known for luxury, PPR gets youth appeal brand

Volcom drew a bid by luxury brand company PPR

OC 50 Grows More Global in Flavor; Bren Imposter Deal

OC INSIDER Column by Rick Reiff

McDonald’s Spurs Golden State, Others Eyed for More Growth

FOOD: Starbucks, Carl’s Jr. are among newer customers; credo drives big private company

Customer McDonald’s helped Golden State Foods weather the downturn

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Kingston’s Crown Carries Challenge After Record 2010

TECHNOLOGY: Demand down, costs up; tempered view “solid”

The county’s private companies saw a shift in rankings for 2010

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Saturday, May 7

Spectrum Moves HQ to Vegas Area for New Emphasis, Bargain Houses

HEALTHCARE: R&D staff stays here; relocation followed trial run

Spectrum Pharmaceuticals moved its headquarters to Nevada

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Posh Nail Salons Competing With Discounters in Recovering Market

BEAUTY: Shop touts ambiance, cleanliness; prices double rivals

Upscale nail salons in OC compete with cheaper, bigger rivals

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Friday, May 6

Samueli Rejoins Broadcom Board

Henry Samueli, a major shareholder and former chairman of Irvine’s Broadcom Corp., has rejoined its board of directors and will sit on the compensation committee, the company said Friday.

Quest Buys Maker of Scanner Management Software

Aliso Viejo-based business software maker Quest Software Inc. has acquired a maker of software that tracks scanners and other imaging devices on corporate networks.

Thursday, May 5

Sunstone Hotel Misses Q1 Expectations

Aliso Viejo-based hotel owner Sunstone Hotel Investors Inc. missed Wall Street’s expectations for the first quarter as it issued full-year profit guidance in line with estimates.

QLogic Beats Expectations, Wall Street Unfazed

Aliso Viejo’s QLogic Corp., a maker of electronics for data storage networks, topped expectations with results for the recently ended quarter.

Wet Seal April Sales Rise, Ups Profit Outlook

Foothill Ranch-based mall retailer Wet Seal Inc. reported better than expected April sales and upped its profit outlook for the recently ended quarter.

Wednesday, May 4

Smith Micro Shares Flop on Revenue Outlook, Mixed Q1 Results

Shares of Aliso Viejo’s Smith Micro Software Inc. plummeted in afterhours trading Wednesday after the company reported first-quarter earnings that missed Wall Street expectations and a revenue outlook in the current quarter that fell short of estimates.

Allergan Beats Forecasts, Boosts Outlook

Irvine drug maker Allergan Inc. on Wednesday reported first-quarter results that surpassed expectations and upped its full-year profit outlook.

Quest Software Slumps After Earnings, Revenue Misses

Shares of Aliso Viejo-based Quest Software Inc. opened sharply lower Wednesday, a day after the business software maker missed Wall Street estimates for first-quarter profits and sales.

Tuesday, May 3

Volcom Results in Line; Could Be Last With Pending Buyout

Costa Mesa-based clothing maker Volcom Inc. reported a second-quarter profit in line with Wall Street expectations while revenue topped what analysts were looking for on average.

Automakers’ April Sales Up

Automakers here reported another robust month in April led by sales of the two largest with operations based here.

Masimo’s Q1 Profit in Line, Beats on Revenues

Irvine-based medical device maker Masimo Corp. on Tuesday posted a first-quarter profit in line with Wall Street while revenue topped expectations.

Corinthian Misses Expectations, Projects Revenue Fall for Current Quarter

Santa Ana-based vocational school operator Corinthian Colleges Inc. reported disappointing results for the three months through March as it warned of a revenue shortfall for the current quarter.

Monday, May 2

Kings to Stay in Sacramento Next Season

The Sacramento Kings will not move to Anaheim next season, according to published reports. Gavin Maloof, who owns the franchise with his brother Joe, told the Sacramento Bee: “We are heading back to Sacramento.”

France's PPR Buying Volcom for $608M

The Paris-based parent of Gucci, Puma and other brands has made a $608 million bid for Costa Mesa-based apparel maker Volcom Inc.

Sunday, May 1

Vertiflex Gets Another $14 Million In Venture Money for Spine Device

HEALTHCARE: Three firms go again, one new; clinical trial set

Vertiflex got $14 million in a fourth round of funding

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La Jolla Group Sees Startup Brand Grow

APPAREL: In God’s Hands line at 90 stores; larger tests coming

La Jolla Group is expanding its first in-house brand

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Ricoh’s Made-in-USA Plan Applies to New Chief in Tustin

MANUFACTURING: First non-Japanese boss here; spent past three years prepping for role, crafting plan

Ricoh picked its first American-born president to run U.S. operations

This Sports Deal Done as NBA Drama Unfolds

REAL ESTATE: Center expands for amateurs, fit for pro practices

American Sports Centers signed a deal to expand its facilities in Anaheim

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Tustin Takes On Developer’s Role

REAL ESTATE: Legacy strategy includes 110 acres sold in pieces

Tustin plans to sell land at Tustin Legacy to jumpstart construction there.

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Beckman Delays Filings on Recall of Heart Test

HEALTHCARE: Danaher chief unfazed amid $6.8B pending buy

Beckman is delaying part of its efforts to get a recalled test back on the market

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Western Digital Lays Out Finances on Big Buy

TECHNOLOGY: $2.5 billion in bonds, loans to get Hitachi GST

Western Digital has laid out its plans to buy a unit of Hitachi

OC 50 Sees Shifts With Changing Economy

OC 50, the Business Journal’s yearbook of the most influential people here in business and beyond, saw newcomers, departures and shifts for 2011, reflecting the county’s evolving economy.

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Clarient Under GE: New Tests, Hires; Search for HQ

HEALTHCARE: Expansion plan, “growing pains” with new owner

Clarient has plans for more products and an expansion of its headquarters

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Staffing Firms See Strong Comeback on Revenue, Placements

ECONOMY: Biggest post 12% gain, join trend with own hires

ABOUT THE LIST: The county’s employment agencies saw a strong comeback last year. Includes the 2011 OC's TOP EMPLOYMENT AGENCIES list for download (pdf)


A look at the county’s top businesspeople in Government and Institutions


A look at the county’s top businesspeople in Apparel


A look at the county’s top businesspeople in Real Estate


A look at the county’s top businesspeople in Industry and Services


A look at the county’s top businesspeople in Health


A look at the county’s top businesspeople in Technology


Sales and leases of offices, industrial buildings, retail space and apartments


Key Drivers Are Bright Spot Amid Office Vacancies in Inland Empire

The Inland Empire’s office market slowly is moving in a positive direction

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Standard Pacific Tops ‘Intense’ Field on Buena Park Site

Gets Land for Infill Project as Ready Supply Dwindles

Standard Pacific recently closed on a land buy in Buena Park, in Real Estate

Hyundai’s Next Initiative: Guaranteed Trade-In Prices

Aims to Keep Sales Strong, Adds to “Assurance” Offer

Hyundai’s newest promotion guarantees trade-in values, in Media and Marketing

Avanir Seeks Approvals to Use Core Drug for MS Pain

Trial Expected This Year; Dementia Request Ahead

Avanir is looking at new uses for its main drug, in Healthcare

CALENDAR - May 2-11, 2011

A listing of events happening all around Orange County

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Ceradyne Beats Expectations, Raises 2011 Guidance

MANUFACTURING: Strong orders, backlog behind move

Ceradyne beat Wall Street’s expectations in its first-quarter results


Stories in this week’s Orange County Business Journal

Mindspeed Seeks CFO as Johnsen Plans to Join Startup

Won Plaudits for Tenure; Keeps Mum on New Spot

Bret Johnsen is leaving as CFO of Mindspeed Technologies, in Technology

Face Time Leads to $5.6M Handshake in Crystal Cove

Surterre Agent Brings Pair Together to End Stalemate

A buyer and seller had to come face to face to work out a deal in Crystal Cove

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Medical Test Maker Moving Headquarters to Indianapolis

Move Caps Rocky History, Trio of Acquisitions; Getting Breaks for Adding Jobs in Hoosier State

Hycor Biomedical is moving its headquarters to Indianapolis

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Nicholas, Son Make 35º Hot Ticket for Home Chefs, BBQs

Website Offers Quality Cuts Found at Best Restaurants

The Newport Beach Wine Festival is set for the end of May, in Executive Dining

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Steak Entrepreneur Back With Son, Online Venture

FOOD: Newport Meat founder taps old business as supplier

Veteran meat distributor Rick Nicholas has a new venture with his son

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