Stories for March 2020

Tuesday, March 31

United Way Tops $1M in Pandemic Relief Fund

Backers include Edwards, City National, PacLife

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Karma Reveals High-Tech EV Chassis

Allows up to 22 configurations

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Fresh n’ Lean Hiring 75

Meal maker had 325 before virus

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Accurate Background Getting New CEO

Founder Dickerson will be executive chairman

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Midday Stock Roundup

Stocks give up some gains in choppy trading

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Genesis Nabs Head of Sales

Ex-Infiniti exec to lead luxe push

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OCBJ INSIDER

Chilling with Adam Coffey

Coffey, Scott Boras have some plans

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MICHAEL MUSSALLEM

2019 OC 500

CEO, Edwards Lifesciences

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Monday, March 30

ShiftPixy Seeks to Raise Up to $24M

Restaurant temp firm warns on virus

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Firms Provide Protective Gear

St. John, Kia, AST latest to lend a hand

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Thales Trims Irvine Jobs

Company says cuts unrelated to COVID-19

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JOHN KENSEY

2019 OC 500

Managing Member, Avalon Capital

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ROBERT IRITANI

2019 OC 500

Regional Executive, City National Bank

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JACK TOAN

2019 OC 500

VP, Community Relations Manager, Wells Fargo Foundation

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JOE YUROSEK

2019 OC 500

California Market President, Fifth Third Bank

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DAN WALKER

2019 OC 500

CEO, Farmers & Merchants Bank

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JARED WOLFF

2019 OC 500

CEO, President, Banc of California

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Dendreon Maintains Production

Cancer drug maker works, talks

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Edwards Pauses Some New Enrollments

Manufacturing continues

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Midday Stock Roundup

Impac Mortgage suspends lending

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Mall Closures Indefinite

Re-opening dates scrapped until clarity on virus emerges

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Coronavirus Uncertainties Prompt Tilly's Furloughs

Store associates, corporate staff affected

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Taco Bell: New COVID-19 Actions

Food trucks for essential workers, free tacos

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Software Maker Brakes

Cuts staff, delays funding round

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Hospitals Execs Prep For Coronavirus Surge

HEALTHCARE: ‘We will be prepared,’ Wexler says

Ready, willing, able

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OCCF: $2M in 10 Days

Multi-group, multi-avenue COVID-19 effort

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Layoffs Hit Working Wardrobes

CEO: “double whammy” of events

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ERIK WEXLER

2019 OC 500

CEO, Providence St. Joseph Health, Southern California

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Neurolens Raises $23.8M, SEC Filings Show

Touts Product To Reduce Eyestrain

Costa Mesa-based Neurolens Inc., which is trying to reduce the problem of eyestrain from viewing digital devices, disclosed it has raised $23.8 million, according to a March 12 filing with the Securities and Exchange Commission.

OC LEADER BOARD

In These Turbulent Times, Analytics Can Provide Critical Answers

We have all experienced significant challenges affecting our personal lives, our businesses and even our planet.

Sales Tactics Shift Amid Social Distancing

Brokers Responding To COVID-19 Restrictions

The recent push to social distance Americans from each other has had a unique effect on all types of businesses, including the residential brokerage market, which relies on face-to-face interaction to showcase homes and close sales.

Ad Agencies Mobilize Amid Pandemic, Hope to Maintain Growth

16% Gain for 23 Firms on List

Orange County’s largest advertising agencies were on the up last year, but the disruption to business across industries from the coronavirus pandemic has firms in wait-and-see mode.

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STARTUPS & INNOVATIONS

Shipping and logistics platform and tech firm FreightPop in Lake Forest said it’s seeing increased interest for its cloud-based software amid supply chain uncertainty due to the pandemic.

Coronavirus Prompts Pivot to Online Tactics

Digital Adeptness Never Been More Important

Marketers have ramped efforts to generate sales online, leaning on social media, mobile ordering apps and web stores in a bid to avoid a complete loss of revenue from the coronavirus pandemic.

Irvine Scientific Parent’s Drug Praised

Fujifilm’s Drug Tests Well on Coronavirus

The parent company of Santa Ana-based Fujifilm Irvine Scientific may have a treatment for the coronavirus.

UCI Housing Operator Axes Fees for Students

School Will Cover Lease Termination Costs

The largest operator of student housing at University of California-Irvine is letting tenants there get out of their lease without penalty, according to news reports.

Irvine Co. Provides Rent Flexibility

Programs for Residential, Commercial Tenants

Orange County’s largest real estate owner adjusted its business model for residential and commercial properties in response to coronavirus concerns.

Masimo Monitors COVID-19 Patients

DEVICES: Irvine firm takes load off hospitals

Cleveland’s University Hospitals is said to be the first in the country to remotely monitor patients who test positive for the coronavirus.

Gross Calls on Wealthy To Lead Coronavirus Relief

PHILANTHROPY: $1.5M donated by foundation

The William, Jeff and Jennifer Gross Family Foundation, the charity founded by retired financial asset manager Bill Gross and his son and daughter, have given $1.5 million to charities and organizations providing relief from the effects of coronavirus on Southern California communities.

ShiftPixy Sees Increased Restaurant Interest During Crisis

Irvine-Based Staffing Co. Helps Operators Deliver, Stay Open

ShiftPixy Inc., a tech-based restaurant staffing company in Irvine, said it’s been getting queries from companies desperate to make deliveries and stay at least partially open during the coronavirus pandemic.

Make the Most of Home Tech Time, IT CEO Says

TechMD CEO Igreti Offers Comprehensive List

You and your home computer are going to be spending plenty of time together these next few weeks or months.

OC Hotel Investments Expected to Take Hit

REAL ESTATE: Sale of Montage, Ritz-Carlton in flux

As Orange County loses its visitor pool, a base that averages north of 4 million tourists per month, it’s also losing a pool of investors as dealmaking comes to a halt.

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Blinking Owl Distillery Adds Drugmaker Status to Biz

BEVERAGES: Makes hand sanitizer to address COVID-19

That which does not kill us ...

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Billions in Losses For Tourism Sector

HOSPITALITY: JW Marriott delayed; some 50 hotels closed

Occupancy levels across numerous Orange County hotels have sunk to single-digits as a result of travel restrictions, causing many to temporarily shutter their doors to save on operating costs.

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What’s On Tap, When Taps Reopens

RESTAURANTS: New funding, concepts planned for OC chain

Last February, Taps owner Joe Manzella took a meeting with Randy Teffeteller, a local management consultant with expertise in the restaurant and hospitality business.

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Friday, March 27

Disneyland Stays Closed

Anaheim resort has been shuttered since mid-March

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Report: JWA Flying After Tower Closure

Regional controllers take over after staffer tests positive

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Bakers, Cafés, Farm Bring Free Food to Hospital Workers

OC Baking Co., Break of Dawn, Crema Artisan Cafe, Tanaka Farms lend hands

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Hotels Layoff Staff

Temporary closures hit 650 workers

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Raphael Tapped to Lead New Hyundai Group

Heading cost optimization work across Hyundai N.A.

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Midday Stock Roundup

Chipotle slips, Healthpeak up

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February Unemployment Fell

Numbers don’t reflect coronavirus

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Thursday, March 26

Hypergrowth

Sports recovery products firm Hyperice was already one of OC’s fastest growers. Then it made its largest acquisition.

At-home workout? Here's your recovery

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SHANNON EUSEY

2019 OC 500

Co-Founder, CEO, Partner, Beacon Pointe Advisors

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ALLEN STAFF

2019 OC 500

Market President, Region Executive, Bank of America

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PAUL TAYLOR

2019 OC 500

CEO, Opus Bank

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MARK SEDERQUIST

2019 OC 500

California Division Executive, Consumer Banking & Investments, Bank of America

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JEROME SCHNEIDER

2019 OC 500

Head of Short-Term Portfolio Management, PIMCO

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JOHN SAUNDERS

2019 OC 500

Chairman, CORE Realty Holdings

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Genesis Gets Digital With G80 Unveil

Luxury sedan to make world premiere online

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Glaukos Coronavirus Moves

Smaller shifts, $183M cash

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Midday Stock Roundup

Indexes rise despite jobless claims jump

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Entrepreneurs, Women, Families Events on Track

Business Journal fall fêtes at Hotel Irvine

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Charter Flying At JWA Fills Niche

TRAVEL: More look to private planes

On call takes off

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JIM JANNARD

2019 OC 500

Founder, Red Digital Cinema Camera

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Wednesday, March 25

WonderCon, VidCon to Fall?

80,000 attendees between two shows

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Griffin to Cramer on 5G Rollout

Supply chain weakness caused delay

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Midday Stock Roundup

Stimulus boosts REITs TPH, FAF

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CalAmp’s Burdiek Retires

Former Brinks boss now interim CEO

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Mckinney Adds Utah

Brea company’s branch network now totals 16

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Philharmonic Season Ends

Artists could return after coronavirus

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OC’s Retail Scene Enters ‘Survival Mode’

MARKETING: Stores, automakers, restaurants up digital presence

Social media, streaming, restaurants go ‘to-go’

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EMMANUEL ROMAN

2019 OC 500

CEO, PIMCO

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Tuesday, March 24

MURRAY RUDIN

2019 OC 500

Managing Director, Riordan, Lewis & Haden

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CHRIS ROMMEL

2019 OC 500

SVP, Regional Managing Director, Orange County, Las Vegas Regions, Wells Fargo Wealth Management

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MARK PERRY

2019 OC 500

Executive Vice Chairman, Global Commercial Banking, Bank of America Merrill Lynch

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RICHARD ‘DICK’ PICKUP

2019 OC 500

Investor, Philanthropist

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DANIEL LUBECK

2019 OC 500

Founder, Managing Partner, Solis Capital

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RICK NOGUEIRA

2019 OC 500

Region Manager, JPMorgan Chase

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EMILIE MCMURRAY

2019 OC 500

SVP, Business Banking, JPMorgan Chase

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Midday Stock Roundup

Stocks up on relief expectations

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Healthpeak Coronavirus Plan

Construction, disposition delays; $3.3B liquidity

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Anaheim: Closed Hotels, Canceled Groups

44 properties suspend operations

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Glenn Stearns Returns to Mortgages

FINANCE: Says new company aims for 500 employees

Back to business, kindly

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Urovant Names CEO

New owner taps pharma exec

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Wahoo’s on Takeout, Delivery

Ed Lee on long-term effects

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GREG TROJAN

2019 OC 500

CEO, BJ's Restaurants

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Monday, March 23

BJ’s Draws Down Credit, Slows Growth, Shares Up

Levin’s take: variety of steps “positions us well”

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5 Laguna Beach Hotels Temporarily Closed

Surf & Sand, The Ranch, others

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KEITH KOBATA

2019 OC 500

Region Bank President, Wells Fargo

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JON KLINE

2019 OC 500

Founder, CEO, Clearview Hotel Capital

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MICHAEL KAYE

2019 OC 500

Founder, Managing Partner, ClearLight

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SCOTT KAVANAUGH

2019 OC 500

CEO, First Foundation

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RICK KELLER

2019 OC 500

Founder, Chairman, First Foundation

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ERIC HOVDE

2019 OC 500

Chairman, CEO, Sunwest Bank

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MARK HARDTKE

2019 OC 500

OC President, Northern Trust

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Midday Stock Roundup

NextGen up 17%

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Vans Parent Scraps Fiscal 2020 Outlook

Also drawing $1 billion from credit line

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Habit, El Torito Rally to Great American Takeout

Restaurants call for consumers to order delivery, pick-up on March 24

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RUSS BENDEL

2019 OC 500

CEO, Habit Restaurants

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Working from Home Poses Tech Challenges

CYBERSECURITY: Bandwidth overload worries; scams abound

Coronavirus shift to home-work brings tests

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WeWork Continues OC Openings

Lakeshore Location In Irvine Tops for SoCal

WeWork has opened a new Irvine location near John Wayne Airport that it says is its largest coworking spot in Southern California.

STARTUPS & INNOVATIONS

Cocoon Medical, a Barcelona, Spain-based medical aesthetics company that makes laser hair removal and body shaping products, is introducing its diode laser platform to the U.S. market through a hub in Tustin.

Casanova McCann Nabs Vallarta Supermarkets Biz

Grocer Counts 50 Locations in Cali

Efforts to ramp services to clients on the digital and social media front are paying off for Casanova McCann with the Costa Mesa advertising agency’s most recent client win.

Billabong x Sincerely Jules Highlights Influencer Power

1st Collection Saw 50% Sell-Through in Week 1

For anyone questioning the power of influencer marketing, Billabong’s collaboration with Sincerely Jules blogger Julie Sariñana serves as a good case study.

Healthcare Workers Seek ‘Mercedes of Masks’

Irvine Maker’s MaxAir System in High Demand

Irvine-based Bio-Medical Devices International Inc. is seeing increasing demand for its purifying respirator MaxAir Systems to fight the coronavirus.

Trinity Broadcasting Site Sells for $25.5M

EF Education First Plans New Campus

EF Education First has closed on the former Trinity Broadcasting site in Costa Mesa that will ultimately hold a new international education campus.

Sunpin Solar Heats Up With Major Power Projects

UCI Heads to Desert For First-Hand Look

Irvine-based Sunpin Solar is looking toward some major projects for the future, and recently gave a desert project tour to a group of University of California-Irvine professors and graduate students.

CalAmp Taps Silicon Valley’s Diamond to Aid Software Push

Software as a Service Priority for Vehicle Tracker

CalAmp Corp. Chief Executive Michael Burdiek says he’s found just the right person to help lead the vehicle-tracking and management company further from hardware and more into the software realm with the appointment of Silicon Valley veteran Arym Diamond as chief revenue officer.

Irvine Creative Office Moves Ahead

REAL ESTATE: 270K-SF project along Barranca

Add plans for a sizeable new creative office project to Irvine’s busy development docket.

OC LEADER BOARD

Heeding Advice from the Experts for the Good of Us All

These are unprecedented times for America and the world. As we confront the challenges of the COVID-19 pandemic, it is critically important that we remain diligent and choose our daily activities wisely and prudently.

Prologis Inks Pair of Big Leases in Fullerton

REAL ESTATE: Beckman Center nearing full occupancy

Prologis Inc., the country’s largest owner of warehouse and distribution properties, has leased two of the three large, newly built buildings it owns at Beckman Business Center, with those deals topping half a million square feet of space.

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OCBJ INSIDER

A Postcard from Irvine

Weddings, humor, resilience

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Some Sectors Sparkle for Environmental Consultants

New Projects, Regs, Boost Some; Locals Flat Overall

Environmental consulting firms locally were flat to minimally higher on OC billings and workers for the year ended Dec. 31, with some companies reporting robust work levels because of new regulations or projects—or both.

Philanthropy

Pacific Symphony presented “A Night in New Orleans” on March 7 at Hotel Irvine. The gala honored Carl St. Clair’s 30 seasons as a music director and celebrated the Hal and Jeanette Segerstrom family for its extensive support of Pacific Symphony.

Saturday, March 21

Report: Furloughs Hit Volcom

State lockdown prompted move at Costa Mesa apparel maker

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Friday, March 20

Razer Will Make, Give Up To 1M Masks in Pandemic

Irvine gaming hardware maker converts overseas plant

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MICHAEL FELDMAN

2019 OC 500

Head of Wealth, Private Bank, MUFG Union Bank

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MARK DELP

2019 OC 500

President, Your Wealth Effect

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SCOTT CONNELLA

2019 OC 500

EVP, Managing Partner, MUFG Union Bank

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Long Beach Airport Traffic Up

More passengers in January, February

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Midday Stock Roundup

Healthcare REITs on the up as Five Point falls back

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Octane Resets Two Meetings

Forums moved to late summer, early fall

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Injecting Cool at Retail

LAB Holding, at nearly 30, remains the purveyor of craft retail

Shaheen Sadeghi, in development

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SHAHEEN SADEGHI

2019 OC 500

Founder, President, LAB Holding

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Thursday, March 19

Californians Ordered to Stay at Home

Governor: non-essential businesses to close

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FivePoint Jumps 48%

Luxor boosts stake in developer

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Hyundai Idles Alabama Plant

Confirmed case of COVID-19 at facility

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Midday Stock Roundup

FivePoint, CareTrust, NextGen jump big

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Masimo to Acquire German Device Maker

Product in high demand due to coronavirus

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Beacon Pointe Plans To Triple Offices

FINANCE: Boston PE firm makes investment

Eusey lands Abry; now to growth

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KURT STRASMANN

2019 OC 500

Executive Managing Director, OC, Inland Empire, CBRE Group

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Wednesday, March 18

Simon Property Group Shutters U.S. Malls

Brea, Mission Viejo, Orange included

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Habit to Yum

Deal done

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Midday Stock Roundup

Chipotle halved; NextGen’s ‘virtual visit’

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PacSun, Tilly’s Close; Chipotle Strikes Uber Eats Deal

Latest COVID-19 moves by OC business

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Alteryx: Coronavirus Assist for Government, Healthcare Clients

‘Analytic challenge’ opens talks

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New Rutan MP Protects Past, Preps Opportunity

LAW: Frazier says intention keys future

Mark Frazier means it

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CARL MCLARAND

2019 OC 500

Co-Founder, Chairman, CEO, MVE & Partners

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Tuesday, March 17

Boardriders Sells Xcel To ZG Collective

Wetsuit line less than 1% of sales

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STEVEN CHECK

2019 OC 500

Founder, President, CIO, Check Capital Management

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ED CARPENTER

2019 OC 500

Chairman, CEO, Carpenter & Co.

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RICHARD CABRERA

2019 OC 500

Head of Commercial & Corporate Banking, Umpqua Bank

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August Slot for Film Fest

Newport Beach event draws close to 60,000

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ROB ARNOTT

2019 OC 500

Founder, Chairman, Research Affiliates

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Midday Stock Roundup

Markets rally on Trump plans, Fed support

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MARK COSTA

2019 OC 500

Executive Director, OC Service Area, Kaiser Permanente

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Eyes on Mazzo After Departure from Zeiss

HEALTHCARE: Hints at new venture in works

Next act coming for eyecare exec

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Monday, March 16

South Coast Plaza Store Employee Tests Positive For Coronavirus

Shopping center to close and reopen March 31.

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Midday Stock Roundup

Healthpeak provides COVID update

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OC’s Tech Scene Feels Virus’ Impact

TECHNOLOGY: Events canceled, earnings lowered

COVID-19 hammers guidance, conferences

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J. ALLEN BRACK

2019 OC 500

President, Blizzard Entertainment

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A Hub of VTOL Innovation

Palmer Luckey’s apparent interest in VTOL technology wouldn’t make his Anduril Industries Inc. the first in Orange County to tackle vertical take-off and landing technologies and applications.

Irvine’s Tyvak Developing Advanced Radar Satellite

Partners with PredaSAR; Aims for 2021 Launch

Tyvak Nano-Satellite Systems of Irvine is building two advanced radar satellites able to see through clouds and darkness.

Firms Grow: New Players, Practices; OC M&A

Orrick, McCune, Crowell, Troutman, K&L Ramp It

Several law firms with OC presences are growing their area operations noticeably—by different metrics and in varied ways.

Q & A

Legal Trends, Law Firm Changes

Editor’s Note: The Business Journal asked OC attorneys across various business areas about key trends and issues, client needs, and what moves law firms are making in 2020. Individual edited responses keyed to those areas follow over several pages.

Law Firms Flat Overall, Volatile One-By-One

Firms Hold, Fold; 91 Bigs Have Some 2,800 OC JDs

The Business Journal’s list of Orange County’s largest law firms is like the first moments after a trial ends: there are winners and there are … opposing counsel.

AI Used in UCI Law School Tax Courses

Blue J Program Helps Analyze Outcomes

University of California-Irvine School of Law has begun to teach budding attorneys how artificial intelligence can help analyze outcomes of thorny tax cases.

OC LEADER BOARD

Force Majeure or Mineur?

Being an economist isn’t easy these days.

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Back to OC Buying for Buchanan Street Partners

Newport Beach Offices Part of Deal Activity

Buchanan Street Partners has had a busy start to the year, with transactions including the company’s first Orange County acquisition in six years.

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Harbor Lists Santa Ana Office Next to Xerox Centre

2020 East Marketed As Owner-User Opportunity

Harbor Associates LLC, a Long Beach-based real estate investor that does much of its work in Orange County, is looking to sell one of its larger local properties.

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As Taps Revamps, Consulting Biz Emerges

Tech, Social Media Helps Firm, Others

Manzella Restaurant Group, now 20 years into doing business, is ready to turn the page on the next part of its story.

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STARTUPS & INNOVATIONS

Irvine-based Stem Audio has created a line of new audio products for conference rooms.

Business Journal Postpones Upcoming Award Events

Excellence in Entrepreneurship, Women in Business Being Rescheduled

The Business Journal is postponing its next two signature events, following new recommendations from California public health officials to limit large public gatherings.

NowRX Raises $10M; Same-Day Delivery

New Irvine Office Runs 4,500 SF

NowRX raised over $10 million last month from small investors using SeedInvest to help with its expansion in Southern California, including its Irvine office.

NeuroVasc’s $34M Funding China-Backed

Clot-Retrieval Device Moves to Trials

Irvine-based NeuroVasc Technologies Inc. raised $34 million from China-based Wego Group to support the company’s global clinical trial program for ischemic stroke.

OCBJ INSIDER

Financial Health

What a difference a week makes.

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Luckey’s Anduril Hints About Future Directions

TECHNOLOGY: Space, hyper-fast planes in the offing?

The other 5G; VTOL

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CSUF Kicks Off $200M Campaign

EDUCATION: Seeks capital to boost sciences, arts, biz

2025 target

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Anaheim Debut For Reading Assistance Device

OrCam Read Aimed At Dyslexia, Reading Difficulties

OrCam Read, a hand-held device that translates texts into voice for people with dyslexia as well as reading difficulties and fatigue, launched at the CSUN Assistive Technology Conference in Anaheim last week.

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Listing Noise on Quiet Collins Island

1st Home for Sale in 5 Years; Asking $10M

One of only eight homes on the Balboa Island community of Collins Island in Newport Beach has hit the market.

2020 Sales Start; A Quick Recap

$60M For Top 3 Homes

Brokers have pointed to a resurgence in activity for luxury homes in 2020, and that’s evidenced by the top three home sales to trade thus far this year.

Friday, March 13

Midday Stock Roundup

Volatility continues; this time upward

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Coronavirus to Cost U.S. $540 Billion: Chapman

Predict Short Recession

Doti, Sfeir say 6-month recession, then rebound

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January Unemployment Jumps to 2.9%

Rate still below year-ago level

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Orange County’s Top Home Sales of the Year

Cumulative Volume Falls 7%; Buyers Demand New Product

Down 7%, still tops $465M

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CRAIG ATKINS

2019 OC 500

Chairman, City Ventures

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Thursday, March 12

Business Journal Postpones Award Events

Excellence in Entrepreneurship, Women in Business luncheons to be rescheduled

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Coronavirus Concern Closes Disneyland

Hotels, park dark through March

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December Sales Slump Hits Tilly’s Q4

‘Deeper than expected’ decline weighed on quarter

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Midday Stock Roundup

Trump’s ban fells indexes; OC health REITs, restaurants hit again

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Masimo Aims for $1B in Sales for 2020

DEVICES: Battling opioids; coronavirus may boost sales

Opioids, coronavirus open new areas

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JOE KIANI

2019 OC 500

Founder, Chairman, Masimo

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Wednesday, March 11

Del Taco Reports Strides In ‘Challenging’ 2019

Franchise growth a focus this year

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Midday Stock Roundup

Avid down on guidance cut

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Virus Concerns Felt At Key Anaheim Event

TOURISM: No. 2 ACC event on hold; stock hits

Coronavirus vs. tourism

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JIM MAZZO

2019 OC 500

Global President, Carl Zeiss Meditec

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Tuesday, March 10

Coronavirus Reconfigures Roth Capital Conference

32nd face-to-face confab now virtual

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Clean Energy Fuel Deliveries Up

Shares decline after hours

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Mazda Begins Search for New CMO

Dino Bernacchi to part ways with automaker this month

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Midday Stock Roundup

Major indexes up after turbulent opening

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JOHN GINGER

2019 OC 500

CEO, J. Ginger Masonry

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Alignment Healthcare Nabs $135M Series C

FINANCE: Reaffirms $1B goal, expansion plans

Funding from Fidelity, T. Rowe Price, Durable Capital

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Monday, March 9

Midday Stock Roundup

Markets in free fall as coronavirus panic spreads, oil plummets

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Beacon Pointe Reorganizes on Abry Investment

Capital will fund acquisitions, marketing

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Tech Firms’ Virus Moves

Alteryx, Ingram postpone events; Skyworks cuts outlook

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Mazzo Retiring from Zeiss

Healthcare exec will remain an adviser

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Alteryx Analyst Day Off Due to Coronavirus

Looks to June for possible reschedule

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OCBJ INSIDER

Non-Canceled Gatherings

Julia Argyros turns 20

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ROBERT GRANT

2019 OC 500

Founder, Chairman, CEO, Crown Sterling Ltd.

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More Local Tech, Innovation Funding for 2020 Projected

JLL Sees OC Investment Despite Coronavirus

Scott Wetzel, senior vice president at the Irvine office of commercial real estate brokerage firm JLL, sees a continuation of the investments that brought in almost $1 billion of funding for tech, medical sciences and other innovative companies in Orange County since late 2018.

Simon and Sun Foundations Join Forces

EDUCATION: $1.75M pledged; 190 scholarships offered annually

The families of two of Orange County more prominent business executives and philanthropists are joining together, to advance educational opportunities and the well-being of the area’s underserved communities.

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Roth Capital Offshoot Plans $75M IPO

FINANCE: Tech, healthcare companies targeted

Byron Roth, chief executive of Roth Capital Partners, Orange County’s largest investment banking firm, has more to look forward to this month than just his firm’s highly anticipated annual investor conference.

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Collection of Retail Centers Sell for Nearly $300M

REAL ESTATE: Blackstone affiliate buys six OC sites

ShopCore Properties, a retail arm of private equity giant Blackstone Group Inc. that owns and operates small and midsized shopping centers, has bought a collection of six retail properties across Orange County, in deals that collectively approach $300 million.

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What Fresh Hell! Diablo IV on Local Hiring Spree

Obsidian Entertainment Also Seeks New Talent

Blizzard Entertainment Inc., the largest software company in Orange County by employee headcount, is busy hiring in Irvine for its long-awaited Diablo IV online role-playing game.

Tiffany & Co. to Reveal New SCP Space in Fall

Location Places It Closer to Carousel Court

Looks like Tiffany & Co. (NYSE: TIF) will soon have a new, larger home at South Coast Plaza.

All Leased Up

Full-Building Office, Industrial Leases Increasingly Common

The motto for companies looking for space in Orange County last year?

CRE Blockbuster Deals Down 19%

Nervous Buyers, Overly Optimistic Sellers

A cautious buyer pool contributed to a drop-off in commercial real estate sales activity in Orange County last year.

Trade Pubs Added To Green Street’s Fold

Four Titles Cover Real Estate, Finance Industries

The first-ever acquisition for Green Street Advisors places it in the news business as it seeks to grow under a new owner.

OBCJ Calendar

March 9-19, 2020

This week's business and other event listings.

OC LEADER BOARD

Growing Talent and a Better Jobs Strategy for OC

What if more companies searched for young business talent the way colleges and pro teams search for promising athletes? In many sports, talent is identified in high school and sometimes as early as grade school.

R.D. Olson Breaks Ground on Apartment, Hotel Project

Largest Commercial Project For Westminster in Years

R.D. Olson Construction has begun work on a mixed-use project described as a “social hub and cultural landmark” in Westminster’s Little Saigon district.

Cadigan Adds to Central OC Rental Portfolio

$41M for 116-unit Terra at Tustin

One of Orange County’s top apartment investors is bolstering his portfolio in Tustin.

Viseon Secures $18M Series B For Commercialization Efforts

Cites Positive Response To New Spine TV Device

Irvine-based Viseon Inc., an orthopedic spine technology company, has secured $18 million in Series B funding to bring its product into full commercialization.

MRI Interventions Changes Name

Says ClearPoint Neuro Reflects Evolution

Irvine-based ClearPoint Neuro Inc. has changed its name from MRI Interventions and has a Nasdaq ticker symbol “CLPT.”

STARTUPS & INNOVATIONS

Irvine-based telecommunications firm Shoelace Wireless is working with Facebook Connectivity and others to improve cellular network capacity and coverage as part of the Wi-Fi group of the Telecom Infra Project (TIP).

Philanthropy

The seventh annual Illumination Foundation OC Chef’s Table took place on Sunday, March 1, in a setting that could only be described as magical—the Disneyland Resort.

Friday, March 6

Midday Stock Roundup

Alteryx, Sabra Shares Down

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Chipotle CEO Niccol Adds Chairman Duties

Founder Steve Ells steps away

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South Coast Plaza Returns

Menu, Marketing Drive Success for Amar Santana and Ahmed Labbate

Santana, Labbate back home

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NATALIA OSTENSEN

2019 OC 500

EVP, Olen Properties

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Thursday, March 5

El Pollo Loco Rises on Q4 Profit

Company back in black

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Western Digital Gets New CEO

Goeckeler former EVP for Cisco networking

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Midday Stock Roundup

Stocks continue deep dive

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Sunstone Withdraws Guidance on Virus

Hotel REIT shares off 25% in two weeks

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HMWC to be Acquired by Eide Bailly

Tustin firm goes to top-25 accountancy

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Wednesday, March 4

Mountain Mike’s Pizza Scales New Heights

RESTAURANTS: Wants 350 units in three years

Pizza me!

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IRVING CHASE

2019 OC 500

Owner, S&A Properties

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Coronavirus Cuts Skyworks Forecast

Chipmaker sees lower Q2 revenue, earnings

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Midday Stock Roundup

Healthcare REITs trading strong

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Alignment Raises $135M

Fidelity, T. Rowe Price, Durable backing

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Inari Aims to be First OC IPO in 2020

DEVICES: 2019 revenue jumps sevenfold; loss erased

2019 revenue: $51M

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FRAM VIRJEE

2019 OC 500

President, California State University-Fullerton

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Tuesday, March 3

Automakers on the Up in February

Crossover Utility Vehicles drive boosts

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Midday Stock Roundup

Shares fall despite Fed cut

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JEFF MOORE

2019 OC 500

Senior Managing Director, CBRE Group

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Fullerton Metrocenter Sale Planned Soon

RETAIL: $55M ground lease deal paves way

443K-SF retail layout; $80M annual taxable sales

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Monday, March 2

Natural Products Show Postponed

Move comes on coronavirus, community pushback

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Beach House PR Sold

Agency goes to two of its execs

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Midday Stock Roundup

U.S. markets try to recover

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OCBJ INSIDER

Tennis, Anywhere?

Palisades Tennis Club break point

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ACC Show Predicts Attendance Drop

Coronavirus causes cancellations

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MIKE HARRAH

2019 OC 500

Owner, Caribou Industries

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Xumo Bought By Comcast for $100M+

MEDIA: Streaming service, ad-backed

Xumo TV, the Irvine-based video streaming service started by brothers Tim, Chris and Russ Vanderhook, is now owned by broadcasting and cable television giant Comcast Corp. (Nasdaq: CMCSA) after a deal reportedly worth more than $100 million.

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Life Time’s OC Focus: Rapid Fitness Growth

RETAIL: Gyms now; office, residential later?

Life Time Inc. is helping to pump up Orange County’s retail market.

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OC LEADER BOARD

What Restaurants Can Learn From Grocery Stores About Wasted Foods

Editor’s Note: In 1995, Harald Herrmann helped launch the flagship Yard House, which was bought by Darden Restaurants Inc. where he became president of its Specialty Group (Seasons 52, Capital Grille and others).

Shofner’s Franco-Gaelic Cuisine Lands, Lauded in OC

Lido, by Way of Laguna, Dublin, Irvine, France

How does a chef make it in OC’s crowded and competitive culinary landscape?

OC’s Fitness Cluster

Life Time Inc. is bolstering its local presence in a market that many national fitness chains call home.

Modulim Seeks $15M Series C

Says Ulcer Detector Ready for Market

Irvine-based Modulim says it is on the cusp of changing the lives of diabetic patients.

Los Alamitos Federal Building Eyed for Sale

Not Just Ziggurat Being Considered

As the federal government considers the sale of a dozen properties across the country, it’s not just the massive Chet Holifield Federal Building in Laguna Niguel that’s being considered in Orange County.

Advantage Solutions Makes $1.1B in Financing Moves

Marketing Conglomerate Seeks New Capital Raise

Irvine-based Advantage Solutions Inc. is trying another tack at raising capital, after going quiet about plans for an initial public offering in 2017.

Hyundai Unveils New Online Look

Site Boasts Real-Time Inventory, Product Filtering

Hyundai Motor America Inc. hit the easy button on its website refresh.

STARTUPS & INNOVATIONS

Cicero Diagnostics Inc. in Huntington Beach recently received a $1 million Phase II Small Business Innovation Research Fast Track grant from the National Institutes of Health.

China, Coronavirus Worries for Biggest Chipmakers

Local Employment Down Nearly 6%

Orange County chipmakers, whose local employee count fell about 6% last year, are bracing for additional fallout from the coronavirus that originated in China and continues to spread across the world.

Dana Point: Surf, Sand and The Strand

30 Luxe Homes Under Construction

It’s not just commercial efforts driving development in Dana Point.

OCBJ Calendar

March 2-19, 2020

This week's business and other event listings.

Hotel Dreams in Vegas for Shopoff Realty

$250M+ Project; Partnering with Contour

Shopoff Realty Investments is quickly expanding into the hospitality sector, both in and out of Orange County.

Spireon’s Service Reminders For Your Car, Via Phone

Helps Dealerships Better Handle Customer Needs

Never miss a maintenance and service check for your car: vehicle intelligence company Spireon of Irvine is ready to help keep your appointments on track.

EV Car Battery Maker Enevate Sees Tool Niche

Fast-Charging Drills; Operates in Cold Temps

Irvine-based Enevate Corp. plans to start marketing its lithium-ion battery technology to makers of power tools such as drills and hedge trimmers in the short term, as it might take a few years before the company’s fast-charging battery process is incorporated into electric vehicles.

Wanted: Best Places to Work for OCBJ’s 2020 List

CALL FOR ENTRIES: Website to take entries through March 6

Is your workplace great?

Hoag Orthopedic Institute Grows in LA

HOSPITALS: Buys Marina del Rey facility

The expansion push of Irvine’s Hoag Orthopedic Institute, the state’s largest volume provider of joint replacements for each of the past seven years, has made its way to Los Angeles County.

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