Stories for March 2018

Friday, March 30

Record Year

The cycle won’t last forever, but the OC commercial real estate community will always have 2017.

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Midday Stock Roundup

The markets are closed today in observance of Good Friday.

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OC 500: Stacey Nicholas

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

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Thursday, March 29

FivePoint to Bring $200M City of Hope

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.

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Fujifilm Buying Irvine Scientific

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.

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OC 500’s Parham Exits UCI

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.

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Midday Stock Roundup

Indices spike upward in midday trading on the last trading day of the first quarter amid a technology stock rebound.

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OC 500: Scott Boras

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-

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Wednesday, March 28

JWA Traffic Up

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.

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Long Beach Airport Traffic Up

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

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OC 500: Paul Folino

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

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Midday Stock Roundup

The S&P 500 was up 0.1% in midday trading to 2,615.32.

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Tuesday, March 27

Midday Stock Roundup

The S&P 500 was up 0.4% midday trading to 2,670.97.

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Mitsubishi COO Retires

Don Swearingen, Mitsubishi Motors North America executive vice president and chief operating officer, announced his retirement on Monday.

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OC 500: Cindy Galardi Culpepper

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

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Monday, March 26

SeneGence Gets CTO

Gregg Beall was named chief technology officer, a newly created role, of Foothills Ranch-based skincare and cosmetics company SeneGence International on Monday.

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Midday Stock Roundup

The S&P 500 was up 1.5% in midday trading to 2,625.68.

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OC 500: Bill Wilhelm

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

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Tech Venture With Urgency

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.

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OCBJ Calendar

March 26-April 4, 2018; April 7, 2018

This week's business and other event listings.

Michael Griego: To the Startup Ecosystem Borne

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.

OC Homebuilders Poised to Gain from IE Growth

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.

Experian Ads Portray Its Service as Cyber Savior

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.

Officials Say They’re Working to Better Secure Polls

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.

Experts at Roundtable Discuss Reform’s Uncertainties

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.

Real Estate Deals

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.

Local Luxury Market Off to Robust Start This Year

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.

Making Up a Legacy

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.

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Home Care From Personal Experience

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.

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Mission Gets 8-Figure Gift for Cancer Center

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.

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Now Showing at SC Metro: Appliance Showrooms

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.

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Brandman Today: Long Way From ‘Other Chapman’

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.

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Esprit de Entrepreneur

Entrepreneurs abound in this issue, honorees of our 17th annual Excellence in Entrepreneurship Awards—EIE.

OC Food Makers, Purveyors Healthy; Tests Coming

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.

Bred for the Business, Russ Bendel’s on a Roll

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.

Florent, Amelia Marneau Relocated and ‘Reimagined’

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.

BJ’s Restaurants HQ Stays on Tap in Surf City

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.

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AutoGravity Races Into Car Finance World

CEO Bets on App as Game Changer

AutoGravity is following the three kick-ass guidelines that Silicon Valley companies made famous.

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Banc of California Reels From the Great Theft

How Did It Get Conned Out of $13.7M?

Beleaguered Banc of California (Nasdaq: BANC) has hit another rough patch.

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Forging Unique Successes

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.

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Business Bites

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

Feting Our Next Big Thing

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.

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Midday Stock Roundup

The S&P 500 was down 0.1% midday trading to 2,640.51.

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Unemployment Falls to 3.1%

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.

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OC 500: James Downey

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

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Thursday, March 22

Midday Stock Roundup

Indices declined 1% each in midday trading on trade concerns; the Trump Administration said it will impose tariffs on Chinese imports.

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OC 500: Dominique Giannoni

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

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Wednesday, March 21

Graduate School Rankings Released

Orange County schools made U.S. News & World Report’s annual list of the best graduate schools.

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Del Taco Operator to Triple Michigan Sites

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.

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Screen Printer to Close, Sell 100,000 SF in Brea

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.

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J.D. Power Names CEO

Dave Habiger was named president and chief executive of consumer data and analytics company J.D. Power.

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Midday Stock Roundup

The S&P 500 was up 0.5% in midday trading to 2,731.78.

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Acquired Sensor Maker Cuts 54 Jobs

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.

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OC 500: Kristen Allison

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

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Tuesday, March 20

PIMCO Hires Bolten as Adviser

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.

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Midday Stock Roundup

The S&P 500 was flat at 2,714.51.

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Airport GA Plan Advances

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.

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Monday, March 19

OC 500: Joe Duran

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,

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El Pollo Loco Opens in Cajun Country

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.

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Midday Stock Roundup

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.

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Candy Man Wants Crack At Toys

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.

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OC 500: Oscar Gonzalez Reynoso

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,

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Law Firms Boost Lawyers 2.7%; Employment Flat

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.

Forward to Fusion

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.

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Aerie Pharma Moves HQ To NC, Preps for First Sales

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.

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2017 Botox Sales Help Allergan Shares Rise

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.

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Sports Goods Retailer Climbed Up Online

Gear Coop Snags Ex-Sport Chalet Exec 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.

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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.

Alorica’s Chief Legal Officer Begins to Make Mark

Prepares Company To Manage Future Growth

Tania King is chief legal officer for a company with more employees than Newport Beach has residents.

Expert Advises on the Art of an Open IPO Window

OC-Based Lawyer Helps Firms Go Public

What does Wall Street mean when it discusses “a window” for initial public offerings?

Legal Malpractice Boosts Klein & Wilson in NB

Lawyers Explain How To Find Good Law Firms

How do you know if you should sue your lawyer for legal malpractice?

Fusion Future

’93. Produced a video for local gambit into cold fusion.

PE Firm Reduces Interest in Trade Show Operator

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.

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‘Rusty Skeleton’ Redevelopment Moves Forward

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.

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Roth Conference Draws 4,710 People

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.

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Nice Guy Finishes Fifth

Chapman Law Dean Plays Out Dodgers Fantasy

Matt Parlow’s a nice guy.

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Entrepreneur Taps Personal Experience in New Venture

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.

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Business Bites

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:

‘Next-Gen YouTube’ Gets First Investment Firm Cash

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.

Kawasaki Motors Gets Unexpected Oscar Limelight

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?

Failed Broadcom Bid for Qualcomm Familiar Story

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. to Apply Blockchain to Healthcare

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.

Edwards Makes Moves to Expand Irvine HQ Campus

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.

Expert Specializes in Valuing Sites Tinged By Disasters

FINANCE: Bell’s analysis can mean millions for owners

Randall Bell has earned the nickname Dr. Disaster for a good reason.

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Friday, March 16

Dream Fusion

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.

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Midday Stock Roundup

The S&P 500 was up 0.1% in midday trading to 2,751.26.

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Thursday, March 15

Banc of California Victim of $13.7 Million Fraud

Santa Ana’s Banc of California Inc. (NYSE: BANC) reported that it may have been the victim of a $13.7 million fraud.

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OC 500: Gavin Herbert

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

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Habit Chief Marketer Departs

Habit Restaurants Inc. Chief Marketing Officer Matt Hood plans to leave the fast-casual burger chain for another job, the company said.

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Five Honored for Entrepreneurship

About 300 members of Orange County’s business community celebrated five honorees at the Business Journal’s 17th annual Excellence in Entrepreneurship Awards Thursday.

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Feds Seek Third Try at Mazzo

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.

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Midday Stock Roundup

The S&P 500 was up 0.3% in midday trading to 2,756.62.

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OC 500: Laura Khouri

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

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Wednesday, March 14

Del Taco Down on Results

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.

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Laguna Beach Hotel Sells

Art Hotel in Laguna Beach sold for $7.7 million.

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Juice It Up Sold

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.

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Providence St. Joe Gets New COO

Providence St. Joseph named Victor Jordan chief operating officer for Providence St. Joseph Health Southern California, effective March 26.

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Midday Stock Roundup

The S&P 500 was down 0.1% in midday trading to 2,761.79.

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OC 500: Janie Tsao

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

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Clean Energy Posts Big Q4 Sales Drop

Newport Beach-based Clean Energy Fuels Corp. in the fourth quarter recorded a steep sales drop and wider losses.

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Tuesday, March 13

Midday Stock Roundup

The S&P 500 was flat in midday trading at 2,783.15.

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Monday, March 12

Qualcomm Bid Blocked

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.

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OC 500: William Borgsmiller

$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

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85,000 at Natural Products Show

New Hope Network in Boulder, Colo., said Natural Products Expo West & Engredea, which ended Sunday, drew 85,000 attendees and 3,521 exhibitors.

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Midday Stock Roundup

The S&P 500 was flat in midday trading at 2,786.90.

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Hoag Takes Classic Sponsorship

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.

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OC 500: Dale Fowler

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

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Business Bites

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.

Open For Business

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.

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How Jim Peterson Made Microsemi a $10B Company

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.

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Toshiba Looking to Glass In High-Stakes PC Play

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.

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Execs Get Flyboy High Outside of C Suite


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.

Top Prices for ’17 Top Deals; Buyers Eye New Plans

$3.4B Sales, 4.5M SF Office, Industrial Leases

Last year’s top Orange County deals were driven in large part by reinvention.

Rising Rates Take Bite Out of Title Cos.’ 2017 Work

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.

Busy Stretch of Harbor Blvd. Sees 2nd Big Office Sale

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.

Team Tan in Trouble

Hock Tan’s plucky bid for Qualcomm caught in China-U.S. crossfire.

Irvine Investors Get 5-Office Complex Near District

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.

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Skincare Brand Drunk Elephant on Sales Binge

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.

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Scheduled Charters On JWA Approach

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.

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Disruptive Tech High on Healthcare Forecast Agenda

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.

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Irvine Harley Dealership Sold to Texas Operator

RETAIL: 22,000-SF location one of OC’s largest

Bill Taylor and Ray Malzo are riding their hogs into the sunset.

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Is This New Orleans? No, Newport Beach

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.

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Wanted: Best Places to Work for OCBJ’s List

CALL FOR ENTRIES: Website to take entries through March 16

Is your workplace great?

Device Maker Has Plans to Go Directly to Patients

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.

Artificial Intelligence Startup Rides Bumpy Segment

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.

Vans Celebrates Women With Skating How-Tos

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.”

High-Tech Translates to a Smart Home, Safe Home

Luxe Property Owners Employ Futuristic Gadgets

High-end homes in Orange County, especially along the coast, are often found ensconced in guard-gated communities.

Smart Cups Says to Ditch Those Bottles and Cans

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?’”

Camera Co. Mini-IPO in Eye of Storm, Beholder

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

Big Deals

We look at the biggest real-estate deals of 2017, topped by the FivePoint buy and partial leaseback of the Broadcom campus.

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Midday Stock Roundup

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.

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GOP Throwdown: Baugh to Battle Rohrabacher

Longtime Orange County GOP Chairman Scott Baugh will challenge 15-term Republican Congressman Dana Rohrabacher in the 48th district.

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Thursday, March 8

AcuFocus Sells Kamra Technology

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.

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OC 500: Susan Samueli

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

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Preferred Adds Non-Family C-Suite Execs

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.

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Earnings, Revenue Miss at AutoWeb; CEO, CFO Exit

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.

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El Pollo Loco Revenue Up

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.

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Midday Stock Roundup

The S&P 500 was up 0.1% in midday trading to 2,730.62.

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OC 500: Charles Harris

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

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Wednesday, March 7

OC Unemployment Rises

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.

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Forbes Picks, Misses OC Billionaires on 2018 List

Thirteen members of the Business Journal’s annual OC’s Wealthiest report made this year’s Forbes list of global billionaires.

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Midday Stock Roundup

The S&P 500 was down 0.6% in midday trading to 2,711.92.

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OC 500: Emile Haddad

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

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Tuesday, March 6

Sporting Goods Retailer Adds President

Longtime former Sport Chalet CEO Craig Levra has been named president of Costa Mesa-based retailer Gear Coop, a new executive role.

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OC 500: Julia Argyros

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

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Midday Stock Roundup

The S&P 500 increased 0.3% to 2,728.72.

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El Pollo Loco Expands Delivery

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.

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AutoGravity Signs TD Bank

Irvine fintech firm AutoGravity today said it signed TD Auto Finance, a subsidiary of TD Bank, to its mobile car sales app.

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Monday, March 5

Irving “Papa” Gelman Dies

Irving “Papa” Gelman, the man who founded Orange County’s only independent Jewish day school, Tarbut V' Torah (TVT), has died. He was 94.

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Nicholas Donates $40K to UCI Crew

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.

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MemorialCare Closes Hospital

Long Beach Medical Center filed a 120-day lease termination notice on behalf of Community Medical Center Long Beach.

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OC 500: Michael Colglazier

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

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Midday Stock Roundup

The S&P 500 climbed 1.1% to 2,720.41.

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Alliant Buys Portland Firm

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.

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JWA January Traffic Up 3%

John Wayne Airport passenger traffic increased 3% year-over-year in January to 817,000.

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Builders Find Prayers Answered With Church Land

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.

Health Rewards App Carepoynt to Close $1M Seed Round

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.

Famous Angels, Admiral Top Cove Forum

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.

Oakley Visualized Olympics Exposure Sans Big Spend

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

Kingston Headsets Helping to Drive Sales Growth

HyperX, With Gaming’s Help, Speeds to Milestones

The gaming unit of Kingston Technology Inc. has hit another milestone in headset sales.

Dental Service Provider Rides Trend With Mobile Care

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.

Seven Days, 150 Restaurants, One Critic, One Fork

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.

Segerstrom’s Harbor Gateway Land Eyed for Project

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.

A Record-Setting Year for Transformative Gifts

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.

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It All Started With a Cold Call

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.

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Vacancies Help Prompt Westminster Mall Redo Talk

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.

Expo Stretches At New ACC Campus

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.

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Innovation Institute Scales as Incubator/Investor

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.

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FivePoint Home Plans: Go Big Now, Cheaper Next

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.

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OC Insider

Bill Halford

Bill Halford … death of ex-Irvine Co. office boss and Bixby Land CEO William R. “Bill” Halford hit hard (p. 1).

Condo Surge Lifts New-Home Sales to 15-Year High

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.

Lennar’s Latest OC Buy Cuts $6B From Pub Co. Ranks

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.

Irvine to Install AI Traffic Lights

City Tries to Alleviate Jams

Stuck in another Irvine traffic jam? Artificial intelligence will soon come to the rescue at a corner near you.

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Halford Leaves Outsized Legacy

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.

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Love Story Leads To Lifetime of Giving

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.

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Swinging Back

Champions Tour Event in Newport Back With Best Lineup, Exposure

When Toshiba Classic Week begins Monday, it will mark the end of two eras.

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Friday, March 2

Toshiba Bow

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.

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Yamaha Gets First American President

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.

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Midday Stock Roundup

Markets recovered in midday trading after Commerce Secretary Wilbur Ross told CNBC that new tariffs on steel and aluminum are “no big deal.”

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Thursday, March 1

OC 500: Henry Nicholas III

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

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Microsemi Sells for $10.15 Billion

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).

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Habit to Test Breakfast, Develop App, Kiosks

Habit Restaurants Inc. (Nasdaq: HABT) in Irvine will test breakfast menu items and develop a digital mobile app and a kiosk ordering system.

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New Boss at Accounting Firm RSM Itching to Grow

RSM US LLP named Paul Short as its new managing partner for its Irvine office.

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February Auto Sales Mixed

February and year-to-date sales figures for Orange County automakers were mixed.

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Midday Stock Roundup

Markets dove in midday trading on reports that President Trump will impose tariffs on steel and aluminum next week.

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OC 500: Andrew Gruel

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

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