Stories for March 2018
Friday, March 30
The cycle won’t last forever, but the OC commercial real estate community will always have 2017.
Backs UCI STEM programs for women, underserved … $9.5M donation to engineering school named for OC 500’s Henry Samueli … gift was two-thirds of foundation’s then-assets; has about $4.5M now … ex-wife OC 500’s Henry Nicholas … three kids … trustee, St. Margaret’s Episcopal School … master’s in electrical engineering, UCLA … worked at TRW, NCR
Thursday, March 29
Five Point Holdings LLC and City of Hope said today they plan to build a $200 million cancer center at the Great Park Neighborhoods in Irvine.
Fujifilm Holdings plans to buy a pair of cell culture media businesses owned by Japanese oil and metals conglomerate JXTG Holdings for about $800 million.
University of California-Irvine Vice Chancellor for Student Affairs Thomas Parham will leave his role this year to become president of California State University,-Dominguez Hills.
Indices spike upward in midday trading on the last trading day of the first quarter amid a technology stock rebound.
Baseball’s top agent … reps some 160 clients, many biggest stars, highest-paid … includes No. 1 pick 2017 draft Royce Lewis, ex-JSerra shortstop, who went to Twins … backs annual baseball camp for 13- to 15- year-
Wednesday, March 28
Year-over-year John Wayne Airport passenger totals rose more than 7% in February to about 763,500. Commercial flights were up more than 5% to about 3,300.
Long Beach Airport traffic increased 11% in February compared with the same month last year to a total of about 306,000. Year-to-date the airport has seen about 627,000
Chief exec to 2006 … exec chair to 2011 … company now part of Broadcom … board chair CoreLogic and Commercial Bank of California … independent director, Microsemi and Lantronix … has backed CSUF—Folino
Tuesday, March 27
Don Swearingen, Mitsubishi Motors North America executive vice president and chief operating officer, announced his retirement on Monday.
Parent to Wienerschnitzel chain … calls ‘John Galardi leaving me the company’ turning point in life … No. 12 Business Journal list … $254M systemwide sales, 320 locations … revamped franchising … admires Elon Musk
Monday, March 26
Gregg Beall was named chief technology officer, a newly created role, of Foothills Ranch-based skincare and cosmetics company SeneGence International on Monday.
Irvine-based affiliate of R.D. Olson Development, NB … companies’ founder Robert Olson heads development, largely Marriott hotels … Olson Construction hotel-strong: Kimpton, Starwood … builds apartments for developer UDR, affordable homes for Affirmed Housing … added education work to diversify … 30 years’ experience, 23 at Olson; current role 2014
Lawyer Leveraged Scary Incident Into Lifesavers
Software engineers at Newport Beach-based startup Titan Health & Security Technologies Inc. are developing two mobile features to improve communication and geolocation for its patented Next Gen 911 app system.
Degree Says UCI, Merage; Should Say ‘The Cove’ Too
A new report “Orange County Focus: A View of the OC’s Future” will be out this week.
No. 3 Among ‘Sizzling Markets;’ OC is No. 28
Several Orange County-based homebuilders’ recent effort to expand operations into the Inland Empire appears to be at an opportune time in the market cycle, according to a new report by Irvine-based John Burns Real Estate Consulting.
Spots Point Up Frequency Of Online Data Thefts
Experian PLC’s latest round of TV commercials continues its spotlight on the proliferation of personal-data theft and its credit-monitoring service, which uses proprietary technology to peruse content posted on parts of the internet not indexed by conventional search engines.
OC Voter Agency Works With State, Feds on Efforts
Orange County’s congressional districts will have some of the most hotly contested primaries in the nation—in cyberwarfare.
Changes Around Opioids Among Coming Shifts
"The less structure we have on the policy [side], the more uncertainty” around healthcare reform, said industry expert Paul Keckley at MemorialCare’s Health Care Economic Roundtable this month.
Sales and leases of offices, industrial buildings, retail space and apartments
Miller Burg Dupont leased the ground-floor retail space of a six-story office building to Shoe Palace. The lease is for 10 years, and the price was undisclosed.
Market Poised to Continue Last Year’s High Demand
As last year ended, Orange County’s luxury market enjoyed high demand, thanks to stock market gains and ever-increasing investor confidence.
From Mobile Home to Cosmetics Sales in 12 Countries
Joni Rogers-Kante first tried direct-selling as an independent consultant for cosmetics giant Mary Kay Inc., and she soon became a top seller training other consultants.
To Add Services: Babysitters, Housekeepers, Tutors
Julie Zimmerer started 24/7 Family Home Care and Veterans Services because she couldn’t find a caretaker for her father after his stroke.
HEALTHCARE: Longtime donors value local care
The four-story, 104,500-square-foot cancer center Mission Hospital’s Mission Viejo location is planning to open in 2019 just got a very large check. Judi and William “Bill” Leonard gave an eight-figure gift to name the facility.
Manufacturers Say High-End Cluster Lifts All Kitchens
The Costa Mesa theater district, home to Segerstrom Center for the Arts and South Coast Repertory, has added another showroom to its repertoire—the Fisher & Paykel Experience Center, where a reference to a high note is more about a 36-inch stove’s British thermal unit output than about a vocal range.
EDUCATION: Bringing innovation to adult education
Brandman University drew national attention three years ago when it rolled out a form of higher education known as competency-based learning.
Entrepreneurs abound in this issue, honorees of our 17th annual Excellence in Entrepreneurship Awards—EIE.
Big Eaters, Small Plates Abound In OC, On List
If the Business Journal’s snapshot of local food and beverage suppliers reflected an average Orange Countian’s food intake, the three largest ranked companies would, by revenue, provide 75% of our diet, which would consist mainly of butter, bourbon and Big Macs.
Neighbors Make Eateries ‘Weekly Places to Go’
How do you grow a local restaurant empire? For Russ Bendel, one restaurant and one community at a time.
Now in Crystal Cove, Still ‘Close to Being in France’
For more than two decades, Fifi Chao carefully and lovingly honored select individuals in Orange County’s culinary world by naming a chef of the year and restaurateur of the year in her Executive Dining Column.
Slow Pace of Openings As Wages, Costs Rise
Casual restaurant chain BJ’s Restaurants Inc., the largest public company based in Huntington Beach and one of the city’s largest office tenants, has struck a deal to keep its headquarters in Surf City.
CEO Bets on App as Game Changer
AutoGravity is following the three kick-ass guidelines that Silicon Valley companies made famous.
How Did It Get Conned Out of $13.7M?
Beleaguered Banc of California (Nasdaq: BANC) has hit another rough patch.
His Hybrid Firm’s Teams Breed, Grow Ideas Together
Anderee Berengian has developed a unique business model at Cie Digital Labs for employees and the companies they help fund and grow.
Other items of interest Orange County Business Journal Vol. 41, No. 13
Some OC universities made U.S. News & World Report’s annual list of the best graduate schools.
Friday, March 23
We feature the honorees of our 17th Annual Excellence in Entrepreneurship Awards, including high-flying, fintech AutoGravity and hybrid digital solutions/investor-incubator Cie Digital Labs.
Orange County’s unadjusted unemployment rate fell to 3.1% in February, compared with a revised 3.2% in January but well below the 3.8% reported a year earlier, according to the state’s Employment Development Department.
One of OC’s largest aerospace firms, $122M revenue, 650 workers … cofounder Tom McFarland … its startup, Lift by EnCore, named supplier for India airliner SpiceJet’s buy of 225 planes from Boeing … two new
Thursday, March 22
Indices declined 1% each in midday trading on trade concerns; the Trump Administration said it will impose tariffs on Chinese imports.
Leads one of world’s largest in-flight entertainment makers … Irvine home to most of its 1,500 workers … clients Boeing, Airbus, Bombardier … improves in-flight connectivity product FlytLIVE in partnership with
Wednesday, March 21
Orange County schools made U.S. News & World Report’s annual list of the best graduate schools.
Del Taco Restaurants Inc. in Lake Forest said franchisee Team Schostak Family Restaurants will open 12 locations in the Detroit market; it currently runs five in Michigan, with a sixth in development.
Absolute Screenprint Inc. in Brea will lay off 170 people effective March 31, a Worker Adjustment and Retraining Notification (WARN) filed with the California Economic Development Dept. said, and its 100,000 square foot building is on the market for $16.3 million.
Dave Habiger was named president and chief executive of consumer data and analytics company J.D. Power.
Chicago-based Littelfuse Inc. will lay-off 54 workers in Orange, following its purchase of U.S. Sensor Corp. in July for $24.3 million.
Joined John Burnham & Co. 1990s after stint at what’s now Willis Group Holdings PLC … bought most of firm 1995 … employee benefits, financial services … 30+ years’ experience … past Business Journal Women in
Tuesday, March 20
Newport Beach’s Pacific Investment Management Co. added Joshua Bolten, former White House Chief of Staff to U.S. President George W. Bush, to its Global Advisory Board.
Supervisors approved an initial framework for John Wayne Airport’s general aviation improvement plan on March 13 by a vote of 4 to 0, with one supervisor absent from the afternoon session tally.
Monday, March 19
Founded wealth manager 2005 … now $19.8B AUM, 87 offices … up from $15B, 80 offices year ago … revenue doubled to $200M past three years … wants company to be nationally recognized,
El Pollo Loco (Nasdaq: LOCO) opened a restaurant in Lafayette, Louisiana, a new market and the first of a two-location franchise deal with Listo Way LLC.
Indices plunged in midday trading amid a tech sector sell-off and expectations the U.S. Federal Reserve will raise interest rates four times this year instead of three.
Ellia Kassoff, candy maker to legacy cookie and candy lovers, said on LinkedIn that in the wake of the Toys ‘R’ Us demise, he’ll resurrect decade-dead brand KB Toys.
Co-runs grocery chain with older brother Miguel … original store Anaheim, 2.5K SF … closure announced early 2017 … about 40 Calif. locations, 6K workers … Michelle Obama visited Inglewood location 2012 … in August,
Same Firms Top Annual List Of County’s Biggest
Orange County’s biggest law firms grew their attorney count by 3% while promoting partners at a slower pace and keeping employment flat, based on the Business Journal’s annual list of legal firms operating here. Last year, the attorney count was flat.
As It Pursues Energy’s Holy Grail, TAE Seeks to Market Decades of R&D
TAE Technologies Inc., one of Orange County’s most funded and promising technology companies, has launched its first commercial application through a newly formed subsidiary.
Irvine Office Stays; Was 12th-Biggest OC Pub. Co.
Aerie Pharmaceuticals Inc. has quietly shifted its headquarters from Irvine to North Carolina, removing a notable name from the list of Orange County-based public companies.
Can $3B Drug, Other Aesthetics Salve Restasis Pain?
The market has not been kind to Allergan PLC (NYSE: AGN) following the failure of its September deal in which the pharmaceutical company transferred all patents for dry-eye drug Restasis to the Saint Regis Mohawk Tribe in New York.
Gear Coop Snags Ex-Sport Chalet Exec
Amazon.com Inc. is nearly every retailer’s nightmare, but outdoor sporting goods retailer Gear Coop has used the e-commerce giant to fuel its growth since launching nine years ago.
What’s been new in the legal field in the past year? To start off, the #MeToo movement exploded onto the nation’s front pages in October, and sexual harassment classes are top of mind at many companies.
Prepares Company To Manage Future Growth
Tania King is chief legal officer for a company with more employees than Newport Beach has residents.
OC-Based Lawyer Helps Firms Go Public
What does Wall Street mean when it discusses “a window” for initial public offerings?
Lawyers Explain How To Find Good Law Firms
How do you know if you should sue your lawyer for legal malpractice?
MARKETING: Onex down to 65% of Emerald Expositions
Onex Corp. is further reducing its stake in Emerald Expositions Events Inc., less than a year after the San Juan Capistrano-based trade show operator completed its initial public offering and started trading on the New York Stock Exchange.
REAL ESTATE: 394-unit senior housing project for Garden Grove
An Encino-based land developer is making strides in turning Garden Grove’s infamous “rusty skeleton” construction site into the largest affordable senior housing project the city’s ever seen.
FINANCE: Popular event highlights AI, blockchain, pot
Roth Capital Partners, the Newport Beach-based investment banking firm, completed its 30th annual flagship investor conference with 4,710 in attendance, similar to a year ago.
RETAIL: Survivor Eyes targets cancer patients, others
Lisa Brambilla-Doble started eyebrow makeup company Survivor Eyes Inc. to help her friend Laurie Nalezny cope with losing her eyebrows to chemotherapy for breast cancer.
Other items of interest Orange County Business Journal Vol. 41, No. 12
The Business Journal’s 17th annual Excellence in Entrepreneurship Awards honored five honorees chosen from 84 nominees:
Indi Helps Companies Market for Less Money
It’s promising when a startup has Starbucks and Macy’s as clients, but online video platform Indi is ready to set its sights on emerging brands after a significant investment from Newport Beach-based Cambridge Cos. SPG.
OC Operator Helped Keep One Speech Short
Did you recognize the Jet Ski Jimmy Kimmel offered for the shortest acceptance speech at the 90th Academy Awards?
Feds’ Disapproval Based On Overseas Concerns
President Donald Trump’s presidential order blocking Broadcom Ltd.’s attempted hostile takeover of rival Qualcomm Inc. marks the second time in less than three years that the federal government has intervened to halt a transaction with deep ramifications in Orange County.
NB Startup Raises Initial Coin Offering
While cryptocurrencies, the best known of the bitcoin type, remain controversial, the technology that enables the existence of them isn’t.
First Team Real Estate partnered with Team Kids, donating $100,000 to the Team Kids Challenge, a six-week program where children participate in weekly challenges geared toward addressing community issues, including homelessness, hunger, literacy and the environment.
Plans Filed to Incorporate Royalty Carpet Property
Edwards Lifesciences Corp., Orange County’s largest public company with a market value of about $29 billion, appears to be making strides to buy a site next to its Irvine headquarters for a large expansion.
FINANCE: Bell’s analysis can mean millions for owners
Randall Bell has earned the nickname Dr. Disaster for a good reason.
Friday, March 16
Tech editor Chris Casacchia visits with the engineers and physicists at TAE Technologies—20+ years into vying for the holy grail of energy: a fusion-fired power plant.
Thursday, March 15
Santa Ana’s Banc of California Inc. (NYSE: BANC) reported that it may have been the victim of a $13.7 million fraud.
Father founded pharmaceutical co. 60+ years ago … Herbert came aboard 1950s … ex-Navy corpsman … focus on eye care came when doctors named biggest patient complaint ‘itchy, scratchy eyes’ … helped design UCI ophthalmology programs … He and wife, Ninetta, have backed OC eye care for decades with millions … owns Nixon’s ‘Western White House’ in San Clemente; Roger’s Gardens
Habit Restaurants Inc. Chief Marketing Officer Matt Hood plans to leave the fast-casual burger chain for another job, the company said.
About 300 members of Orange County’s business community celebrated five honorees at the Business Journal’s 17th annual Excellence in Entrepreneurship Awards Thursday.
Justice Department lawyers said this week they plan to try medical-device executive Jim Mazzo for a third time for violating insider trading rules after two prior efforts ended in hung juries.
Joined 1985 … president 2010 … runs 25K properties in SoCal, Nevada, Utah, for developer-owner Western National Group … chief exec WNG is Michael Hayde … Khouri board member, past president state trade group, OC chapter … certified Senior HR professional … Chapman U. trustee … United Way-OC Alexis de Tocqueville Society … boards: Prentice School, JSerra, Laura’s House
Wednesday, March 14
Shares in Del Taco Restaurants Inc. (Nasdaq: TACO) in Lake Forest fell about 10% in Thursday trading following yesterday's release of its fourth quarter and full-year results.
Juice It Up was sold to SJB Brands LLC, a partnership of three investors: Dover Shores Capital LLC, Britt Private Capital LLC and Jupiter Holdings LLC.
Providence St. Joseph named Victor Jordan chief operating officer for Providence St. Joseph Health Southern California, effective March 26.
With husband Victor part of one of OC’s most powerful business couples … coleads family foundation … couple spends much of free time in Asia … both born in China … couple behind first wireless router enshrined in Consumer Electronics Hall of Fame 2014 … They sold Linksys Group Inc. about 15 years ago to Cisco Systems, $500M … Business Journal OC’s Wealthiest, $850M
Newport Beach-based Clean Energy Fuels Corp. in the fourth quarter recorded a steep sales drop and wider losses.
Tuesday, March 13
Monday, March 12
President Donald Trump scuttled Broadcom Ltd.’s attempted hostile takeover of rival Qualcomm Inc., signing a presidential order Monday prohibiting the bid due to national security concerns, according to news reports.
$50M, San Luis Obispo-based fixed-based operator took on lease at JWA, April … breathes planes: wanted to be a pilot as a kid; hero: Wiley Post, ‘early influencer for civil aviation’; life turning point: ACI’s
New Hope Network in Boulder, Colo., said Natural Products Expo West & Engredea, which ended Sunday, drew 85,000 attendees and 3,521 exhibitors.
Hoag Memorial Hospital Presbyterian in Newport Beach has assumed the title sponsorship of Orange County’s only PGA Tour event, renaming it the Hoag Classic.
He and wife, Sarah Ann, in Feb. said they’d give $45M to help Chapman build engineering school … word came at first ‘state of the university’ address by President Daniele Struppa, OC 500 … they gave $55M in 2013
Other items of interest Orange County Business Journal Vol. 41, No. 11
Former Sport Chalet chief executive Craig Levra was named president of Costa Mesa-based retailer Gear Coop, a new executive role.
OC’s Biggest New Office Site in Years 77% Leased
Five Point Gateway, the largest and most expensive office complex built in Orange County in over a decade, is largely finished and open to tenants.
Deal After Deal While Bleeding Orange
Jim Peterson’s 31st deal at the helm of Microsemi Corp. will likely be his last, cementing a legacy that extends well beyond Orange County’s business community.
Teams With Microsoft on Smart Glasses
Toshiba America Information Systems Inc. has launched a smart-glass, augmented-reality PC for enterprise customers in its first technological breakthrough in years.
Most of us, at least as children, “have looked at the birds and thought that they might be having more fun,” said flight instructor Michael Church, who’s helped a number of Orange County-based executives follow through with the fascination by getting a license to operate their own set of wings.
$3.4B Sales, 4.5M SF Office, Industrial Leases
Last year’s top Orange County deals were driven in large part by reinvention.
Commercial, Homebuying Business Pick up Refi Slack
The country’s biggest title insurers are striking optimistic notes on the health of their industry, despite the expectation of additional interest rate hikes, which have already put a crimp on refinance business.
LA Buyers Take Over 4-Building Park in SCM
Los Angeles-based investors have snapped up a four-building office complex on Harbor Boulevard in Santa Ana, the second notable deal in that part of the submarket of South Coast Metro this year.
REAL ESTATE: $42M buy in Irvine, Santa Ana, Orange deals
Glendale-based office and industrial property investor PS Business Parks Inc. has sold a five-building office park in Irvine to a local investor for nearly $42 million in one of three big Orange County property sales on the table for the company this year.
RETAIL: Puts second HQ in Newport Beach; $100M in 2018?
Orange County’s where the party’s at, just ask the folks at Drunk Elephant Holdings LLC.
TOURISM: JetSuiteX deal nears supervisors’ review
Scheduled charter flights—a hybrid of charter and commercial service priced nearer the latter—could take off from John Wayne Airport in late June if Orange County Supervisors approve an agreement between the airport and the company that hopes to provide the service, Irvine-based JetSuiteX.
HEALTHCARE: Patient- centered, physician led
To say healthcare is changing is passé, particularly given that California is further ahead than most other states when it comes to implementing healthcare reform.
RETAIL: 22,000-SF location one of OC’s largest
Bill Taylor and Ray Malzo are riding their hogs into the sunset.
ENTERTAINMENT: Ron Kobayashi’s Bayside jam turns five
“We wanted a place where we could eat late, listen to live music, and actually be able to hear each other,” recalled Mark Ghoukassian, 18-year owner of Bayside Restaurant.
CALL FOR ENTRIES: Website to take entries through March 16
Is your workplace great?
Family-Owned Co. Gets Over-Counter FDA OK
Electronic Waveform Lab Inc. makes electrical stimulation devices designed to noninvasively treat pain and help with rehabilitation without drugs.
Veritone Shares Dive In ‘Revolution’s First Inning’
Veritone Inc.’s fourth-quarter results were as volatile as the company’s roller coaster ride on Wall Street in its first year as a public company.
Clinics in Observance Of International Celebration
Vans Inc. in Costa Mesa has scheduled more than 100 skateboarding clinics in Brooklyn, Chicago, London, St. Petersburg, Shanghai, Bangalore, São Paulo, Mexico City, and other major cities to “inspire a new wave of women’s skateboarding progression.”
Luxe Property Owners Employ Futuristic Gadgets
High-end homes in Orange County, especially along the coast, are often found ensconced in guard-gated communities.
3-D Printed Energy Drinks Available in Six Flavors
Smart Cups founder and Chief Executive Chris Kanik said he got the idea for his company on a taco Tuesday night out—“The waitress wasn’t getting my margarita fast enough, and I thought, ‘What if I can pour some powder and make my own drink?’”
Reg A+ Hopeful Makes ‘Enemy Isn’t Us’ Case
PogoTec Inc. is the latest Orange County firm pursuing a mini initial public offering—formally known as a Regulation A+ offering, or Reg A+.
Friday, March 9
We look at the biggest real-estate deals of 2017, topped by the FivePoint buy and partial leaseback of the Broadcom campus.
Markets were up in midday trading on a U.S. hiring surge: payrolls rose by more than 300,000 in February and the unemployment rate held steady.
Longtime Orange County GOP Chairman Scott Baugh will challenge 15-term Republican Congressman Dana Rohrabacher in the 48th district.
Thursday, March 8
Seattle-based SightLife Surgical Inc. will buy the Kamra inlay from AcuFocus Inc. in Irvine on undisclosed terms in a deal expected to close this month.
Foundation pledged $200M to UCI Sept. … includes $50M for health sciences college, $5M for tech, labs … rest to endowment, faculty, scholarships, fellowships … health, well-being focus … previously backed Susan Samueli Center for Integrative Medicine … husband: Broadcom cofounder Henry Samueli, OC 500 … UCI Chancellor Howard Gillman, OC 500, said gift, school, among tops US
Preferred Hotels & Resorts in Newport Beach named Michelle Woodley president and Kristie Goshow chief marketing officer, and promoted Caroline Michaud to executive vice president, corporate communications & public relations.
Jeffrey Coats will leave his post as president and chief executive of Irvine-based AutoWeb Inc., formerly Autobytel, as the company missed analyst expectations on earnings and revenue in its most recent quarter.
El Pollo Loco Holdings Inc. (Nasdaq: LOCO) in Costa Mesa earned 11 cents a share in its most recent quarter on revenue of $95.2 million, up 3%; analysts expected earnings of 10 cents a share.
Developed videos, including VR, for destination marketer … campaigns dovetail, back sales SVP Junior Tauvaa + 200K convention center expansion Sept. under OC 500’s Tom Morton … named to position 2014 … led former CVB through rebrand 2015 … previous: Dodgers, Angels, Ducks … tech-focused mktg firm in Israel … landscape photographer … askid goal: Cubs first baseman
Wednesday, March 7
Orange County’s unemployment rate rose to 3.1% in January compared with a revised 2.9% in December but well below the 4% reported in January 2017, according to the state’s Employment Development Department.
Thirteen members of the Business Journal’s annual OC’s Wealthiest report made this year’s Forbes list of global billionaires.
Busy year, OC’s third-largest land owner … projects in OC, North LA, NorCal … May IPO … market cap $2B … land swap with Irvine advanced military veterans cemetery … amphitheater to replace Irvine Meadows … bought back Broadcom campus, $443M … aims at millennials with smaller, more-affordable housing … 2017 Ellis Island honoree … Business Journal OC 50
Tuesday, March 6
Longtime former Sport Chalet CEO Craig Levra has been named president of Costa Mesa-based retailer Gear Coop, a new executive role.
Heads family philanthropy … lion’s share—$16M last year—in OC: Chapman, UCI, Hoag, Laura’s House … $2.5M to Girl Scouts STEM center … Segerstrom arts plaza … naming gift to arts center, Sun Valley, Idaho … one that
El Pollo Loco Holdings Inc. (Nasdaq: LOCO) in Costa Mesa expanded delivery service, the second OC-based restaurant operator to do so in the last month.
Irvine fintech firm AutoGravity today said it signed TD Auto Finance, a subsidiary of TD Bank, to its mobile car sales app.
Monday, March 5
Irving “Papa” Gelman, the man who founded Orange County’s only independent Jewish day school, Tarbut V' Torah (TVT), has died. He was 94.
Broadcom Corp. co-founder Henry Nicholas is donating $40,000 to ensure the men and women crew teams at University of California-Irvine will participate in the 2018 American Collegiate Rowing Association National Championship Regatta in May in Georgia.
Long Beach Medical Center filed a 120-day lease termination notice on behalf of Community Medical Center Long Beach.
Fifth year leading OC’s largest employer … 30K local workers of 180K company wide … has guided campus through tax breaks, new hotel plan … signature project: Star Wars: Galaxy’s Edge … opening 2019 … Disney
Newport Beach-based Alliant Insurance Services Inc. said it acquired Portland-based Hecht & Hecht for its property and casualty insurance services. Terms of the agreement were undisclosed.
John Wayne Airport passenger traffic increased 3% year-over-year in January to 817,000.
Shea, New Home Co. Spend $35M for OC Sites
The Roman Catholic Diocese of Orange appears to be helping pay for its new home at Christ Cathedral in Garden Grove, and for additional facilities it plans in Santa Ana, one residential land deal at a time.
Platform’s Members Get ‘Poynts’ for Healthy Buys
The Affordable Care Act put new emphasis on preventing chronic conditions, which account for more than 80% of U.S. healthcare costs, according to the Centers for Disease Control and Prevention. Prioritization is one thing, implementation and patient compliance is another.
How Stance CEO Became One of Them
In one of Jeff Kearl’s early deals, a venture capital firm pulled its term sheet in the last days. The investor/executive had an idea—go work at a venture capital firm. “Most VCs are … highly networked,” Kearl said.
Competitors Wore Its Goggles on the Slopes
Oakley Inc. wasn’t a sponsor of the PyeongChang Olympic Winter Games, but its oval-shaped logo got plenty of airtime. Nearly a dozen athletes won medals while wearing Oakley’s Harmony Fade goggles, including Chloe Kim, who won gold in the snowboard halfpipe, skier Mikaela Shiffrin, first in giant slalom, and snowboarder Red Gerard, who won in slopestyle
HyperX, With Gaming’s Help, Speeds to Milestones
The gaming unit of Kingston Technology Inc. has hit another milestone in headset sales.
Pop-Up Models Also Reach Out at Companies
On-site and near-site care play a role in the value-based conversation as employers, health plans and providers search for ways to reduce healthcare costs. More companies are offering on-site clinics with more comprehensive primary care services—approxi- mately 45% of all employers offer some sort of on-site clinic, according to the National Association of Worksite Health Centers.
Mix Mix in Chris’ Mix In OC Restaurant Week
The 10th annual Orange County Restaurant Week, which runs March 4 through 10, presents a dilemma. Dozens of restaurants throughout the county are tempting diners with exclusive lunch and dinner menus, but there’s barely enough time to hit a handful of eateries in those seven days.
Industrial Building Would Be Nearly 100,000 SF
While retail watchers are keeping an eye on what, if any, redevelopment plans are in store for the Sears space at Costa Mesa’s glitzy South Coast Plaza, the mall’s owners are proceeding with a less glamorous project a few miles away.
On Feb. 5, Edwards Lifesciences hosted more than 300 executives from Disneyland, PIMCO, Irvine Co. and other leading Orange County companies to its headquarters in Irvine for a presentation and discussion on how a company’s philanthropic outreach and social responsibility can help it develop a favorable or superior business position.
Big Giving Up And Unprecedented in 2017
This is the Business Journal’s first ranking of largest charitable gifts. Was an easy inspiration. The Susan and Henry Samueli gift to the University of California-Irvine, the Fowlers’ and Kecks’ to Chapman University, the Argyros’ to Segerstrom Center (and others) were front-page stories, in some cases record in scope, even on a national level.
Marybelle and Paul Musco Lead $120M ‘Miracle at St. Michael’s’
In less than two weeks, the Norbertine priests and seminarians at St. Michael’s Abbey in Silverado Canyon will break ground on their new home. It’s a 327-acre campus around the bend from their decaying original.
RETAIL: 43-year-old property hopes new pizzeria start of wave
An eye-catching floor-to-ceiling banner teases the arrival of a stand-alone John’s Incredible Pizza inside Westminster Mall.
CONVENTIONS: 2nd big winter show in town
Natural Products Expo West organizers plan to make full use of Anaheim Convention Center’s expanded campus when it comes to town March 7 through 11.
HEALTHCARE: Broadens fund strategy with LRV, real estate
Hospitals are tasked with making care more accessible, efficient and affordable. One way to do that is through health tech.
1,007 Homes at Cadence Park Scheduled to Open This Month
As the developer of Irvine’s Great Park Neighborhoods prepares to take the wraps off its latest new, and relatively expensive, homes at its Cadence Park community this month, the company is also proceeding with plans for a 723-home project that could include much more affordable price points.
Bill Halford … death of ex-Irvine Co. office boss and Bixby Land CEO William R. “Bill” Halford hit hard (p. 1).
4 Master-Planned Areas See Two-Thirds of Action
New-home sales reached a 15-year high in Orange County last year, thanks to a surge in condominium and attached-home sales and continued development at the area’s four largest master-planned communities.
CalAtlantic, Long Biggest OC Builder, Sold
Orange County’s stable of publicly traded homebuilders is nearly $6 billion lighter in market value now compared to a month ago.
City Tries to Alleviate Jams
Stuck in another Irvine traffic jam? Artificial intelligence will soon come to the rescue at a corner near you.
Led Creative-Office Wave
In the mid-1990s, Bill Halford had just been hired by the office division of Newport Beach-based Irvine Co. and was still feeling his away around Orange County’s real estate market.
Donna, Fahmy Attallah: The Angels on Campus
Donna Ford Attallah’s Long Beach home is a place of warmth and respite—and angels. Thousands of angels.
Champions Tour Event in Newport Back With Best Lineup, Exposure
When Toshiba Classic Week begins Monday, it will mark the end of two eras.
Friday, March 2
This week we look at the return of OC’s only PGA event, the Toshiba Classic at Newport Beach Country Club. Field is stellar with Daly, Couples, Singh, etc. But there will be changes in 2019, including a new title sponsor.
Yamaha Corp. of America named Tom Sumner president to succeed Hitoshi Fukutome, who’ll return to its parent company’s headquarters in Hamamatsu, Japan, as senior general manager of Asia Pacific sales.
Markets recovered in midday trading after Commerce Secretary Wilbur Ross told CNBC that new tariffs on steel and aluminum are “no big deal.”
Thursday, March 1
Chipmaker co-founder with Henry Samueli … company now part of Broadcom, San Jose … Nicholas backs public safety, victims’ rights, education, medical research, youth sports via eponymous foundation … co-author of California crime victim ‘Bill of Rights’ named for murdered sister … programs for at-risk high school seniors guide them into college; 2017 cohort had 171 students
Microsemi Corp. (Nasdaq: MSCC), an Aliso Viejo-based semiconductor maker, is selling itself for an enterprise value of $10.15 billion to Microchip Technology Inc. (Nasdaq: MCHP).
Habit Restaurants Inc. (Nasdaq: HABT) in Irvine will test breakfast menu items and develop a digital mobile app and a kiosk ordering system.
RSM US LLP named Paul Short as its new managing partner for its Irvine office.
February and year-to-date sales figures for Orange County automakers were mixed.
Markets dove in midday trading on reports that President Trump will impose tariffs on steel and aluminum next week.
Launched fast-casual fish shack 2012 … a dozen sites now, 50 in the works … UK, South Korea, East Coast … $1.5M AUV … grew up NJ … Pacific Life Foundation funded Gruel-led work at Aquarium of the Pacific, Long Beach … knowledge gained led to food truck, franchising … opened indie concepts— vegetarian and chicken—2017 at Irvine food hall … wife Lauren, two kids