Cybersecurity leader Cylance gets an offer it can’t refuse; Aliso Viejo lures device-maker Glaukos to new and bigger digs; Orange-based Allied Universal could be readying a big IPO for 2019.
Orange County’s unadjusted unemployment rate rose to 2.9% in October from a revised 2.8% in September and down from year-ago estimate of 3.2%, according to the state Employment Development Department.
OC’s chapter of the Association of Fundraising Professionals honored nine of the county's outstanding givers at the annual National Philanthropy Day luncheon Thursday before a crowd of 700 at City National Grove in Anaheim—part of a day of recognition, nationwide.
Paul Musco Built Gemini Industries Into Powerhouse; Now He Uses Profits to Spread Love of Arts
On a Monday evening in early October, Sebastian Paul Musco spent a few hours doing what he loves—watching his friend Plácido Domingo perform at his award-winning Musco Center for the Performing Arts at Chapman University.
With late ex-husband, Marvin, Arizona émigrés, chem majors, launched watertesting venture … turned $500 loan into $100M pool products co. … Chapman champion … funded school’s Allred Aquatics Center; honorary doctorate, humane letters … world traveler: all continents, 50+ countries … backs Segerstrom Center, CHOC … Business Journal Women in Business Lifetime Achievement, 2014
Harbor Hotels LLC, an Arizona family investment group affiliated with Cornerstone Hotel Group LLC in Buena Park, bought the Courtyard by Marriott near Long Beach Exchange, a shopping and entertainment development, from Delaware-registered Mach II Chartres Long Beach.
CALL FOR ENTRIES: Website to take entries through March 1
Is your workplace great?
Pendry Hotels plans to build a ski resort in the Canyons Village area of Park City, Utah, about five miles from Montage Deer Valley, a resort run by Pendry sister company Montage Hotels & Resorts.
The Securities and Exchange Commission is dropping its complaint of insider trading against James Mazzo, former chairman and chief executive officer of Advanced Medical Optics Inc., for allegedly tipping information about his company's acquisition to a friend, former professional baseball player Doug DeCinces.
RESTAURANTS: New name, execs; no debt
The former Real Mex Restaurants Inc. has a new name, chief executive and owner. It also has fewer locations and no significant debt.
Born in India … bachelor’s engineering, South Dakota; MBA, Arizona … engaged from age 2 to marry Indian woman he’d never met; married Marta from NB instead … founded swimwear co., $5K loan from Marta’s mom … joined $535M buy, holds stake in NBA Sacramento Kings … kids Lisa, Alex, bought out Raj, Marta in 2007; Swander Pace Capital, Goldman Sachs … Lisa daughter-in-law to Paul Merage (see entry)
A crowd of more than 400 members of Orange County’s corporate and legal communities gathered to honor this year’s top in-house lawyers at the Business Journal’s ninth annual General Counsel Awards.
TECHNOLOGY: Ad services company grows fast
ConversionPoint Technologies Inc. made quite a statement last week.
Chairman, CoreLogic Inc., Commercial Bank of California … PGA Hoag Classic chair … backs: CSUF, Chapman, Discovery Cube, Mind Institute, Segerstrom Center, South Coast Rep … Gave $10M naming gift, SCR; transferred naming to founders … wants to meet Jim Whittaker, first American to scale Everest: ‘both in West Seattle H.S. Hall of Fame’ … can’t-miss social event: wife Margo’s birthday
Select Interior Concepts Inc., an Anaheim-based building products and services company, reported third quarter sales increased 35% to $127.6 million from the same period a year earlier.
REAL ESTATE: Says OC deals becoming harder to find
Igor Olenicoff, Orange County’s second-wealthiest businessperson, doesn’t plan many local real estate acquisitions in the current frothy market.