OCBJ WEBSITE DAILY STORIES

Irvine Co. Goes Low-Rise With New Innovation Office Park

DEVELOPMENT: Project encourages return to office

The state's largest office owner launches first phase of its latest campus Innovation Office Park in Irvine Spectrum area

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Buchanan Street Partners Buys in Fountain Valley

Retail Acquisition For Newport Beach Investor

Acquisition is just one of many as Buchanan plans on deploying up to $500 million over the next 5 years

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Orange County Grantmakers welcomes new members to executive board

Members include leaders from a broad range of industry, nonprofit and governmental organizations

OCG, established in 2006, is a funder collaborative which, since its inception, has granted hundreds of millions of dollars in Orange County

Turning Up the Heat

Bernard Acoca joined El Pollo Loco in 2018 and cut 400 pages from the ops manual. Here’s what happened.

El Pollo Loco Inc. has revitalized its focus in franchising, expansion and kitchen accessibility for employees resulting in positive growth for the company

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North Palisade Plans Anaheim Logistics Site

$14M Buy in Canyon District; Second in OC

Newport Beach industrial investor North Palisade Partners ramps up its local acquisitions, with plans to develop a new logistics center for its latest buy in the Anaheim Canyon District

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Hollywood Recognition for Irvine’s Teradek

TECHNOLOGY: Wireless video on movie, television sets

Irvine-based Teradek, using the wireless chipset from sister company Amimon of Israel, received the Academy’s “Scientific and Engineering Award”

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RHA Envisions Restaurant ‘Beacon’ Near JWA

ARCHITECTURE: Quartet of spots built; patios abound

The McCormick & Schmick’s restaurant and brewery stood like a fortress for more than 20 years at the corner of Main Street and Gillette Avenue in Irvine

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Axonics Expands; $200M Contura Buy

HEALTHCARE: Tackles stress urinary incontinence in women

Axonics Modulation Technologies Inc. tackles stress urinary incontinence in women

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Wang Looks to Take Vizio Public Again

MEDIA: $2B+ revenue; cites ‘evolution of TVs’

William Wang and his TV maker Vizio Holding Corp. want investors tuned in, as he looks to take one of Orange County’s best-known companies public

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OCBJ INSIDER

Letters to Investors

IPO prospectuses can be dry affairs, 200+ pages of legal disclaimers, corporate buzzwords and often undecipherable financials, with the occasional item of note sprinkled in.

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Masimo Brings Patient Monitoring App to Businesses

Automation, Wearables Fuel Record Year of 2020 Sales

Irvine-based medical device maker Masimo Corp. has expanded a web and mobile app developed to help hospitals monitor COVID-19 patients at home to universities, production studios and other businesses

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Homebuilders See 2020 Rebound Continue Into 2021

Attached Homes Up 24%; Lack of New Inventory

Local homebuilders and developers enter 2021 on a wave of optimism, with the biggest challenge finding land in Orange County to build more homes, especially less-expensive offerings

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OCBJ INSIDER

The Price of Growth

Newport Beach-based Harvey & Co. helps OC firms grow their business; Santa Ana’s Allied may become OC’s largest private company by revenue; HP Inc. will be purchasing the HyperX gaming products maker from Kingston in $425M deal

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Raine Power

Loraine Dowdy Builds Cosmetics Powerhouse in San Clemente

Loraine Dowdy builds cosmetics powerhouse in San Clemente

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Jason McClain Uncorks His Passion for Wine

FOOD: Laguna Beach Winery on fast-track; founder ‘made to do this’

Jason McClain, founder of up-and-coming winery McClain Cellars, runs one of the few Black-owned wineries in the region

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OCBJ INSIDER

Home Sales

LoanDepot becomes OC’s sixth-largest public company by market value; CoStar Group Inc. 'stunned' to read of CoreLogic buyout; Yucaipa Cos. of Los Angeles takes heavy equity stake in Steinberg Sports and Entertainment

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OC Banks Roar Back to Life

Latest Earnings Show Stunning Turnarounds

CommerceWest Bank attained a remarkable achievement in the fourth quarter—its $582 million loan portfolio had zero non-performing loans despite being in the middle of a pandemic that has devasted thousands of businesses.

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Hiperwall Introduces New Video Wall Capabilities

Company’s Software Used in 71 Countries

Irvine-based software maker Hiperwall Inc. introduced latest update software that powers video wall displays at 3,000 sites in 71 countries

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Banc of California’s Profit Emerges

‘Made Significantly’ More Money in 2020

Since Jared Wolff in 2019 became CEO of Santa Ana-based Banc of California Inc. (NYSE: BANC), the second biggest in Orange County, he’s focused on lending to the real estate and health sectors. He’s dumped expensive pet projects of previous executives such as the naming rights to a new soccer stadium in downtown Los Angeles.

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IDI Logistics Breaks Ground on Brea Project

Bought Second Site In City Last Year

IDI Logistics bought second site in city last year

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Pacific Mercantile Profit Up Eightfold

Shifts More Personnel Towards Business Development

Costa Mesa-based Pacific Mercantile Bancorp (Nasdaq: PMBC) reported fourth-quarter net income jumped to $3.7 million from $440,000 in the same period a year ago.

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ATI Expands Internal App to Customer Use

Aims to Be Tech Solution For Crisis Management

Anaheim-based, family-owned firm ATI Restoration LLC has made an app its workers had been using within the company available to its broader customer base.

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Bank Deposits Soar 23% to $151B

Pandemic Fears Overblown; Branches Continue Decline

Fears from a year ago that banks in Orange County could face a shellacking because the pandemic would force massive defaults by borrowers proved to be overblown.

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CareTrust REIT Beats Goals in Challenging 2020

New President and GC; Skilled Nursing Recovery

As several major healthcare real estate investment trusts withdrew 2020 guidance last spring, CareTrust REIT Inc. stuck to its prediction of net income of approximately 76 to 78 cents per share.

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STARTUPS & INNOVATIONS

PatientFi LLC this month announced a co-marketing partnership with fellow Irvine-based Allergan Aesthetics to provide financing options for patients interested in Natrelle breast implants.

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