OCBJ WEBSITE DAILY STORIES
Medical Office Sales End 2020 on High Note
REAL ESTATE: $80.6M for office near Saddleback
Orange County’s office investment market ended 2020 in good health, in particular for buildings focused on medical uses
Space Race
Richard Branson’s Space Tourism Co. Setting Up Base in Tustin
A billionaire-backed aerospace venture that aims to send wealthy tourists into space has touched down in Orange County.
OCBJ INSIDER
Scenes from a Riot
Rep. Lou Correa shares firsthand account of Capitol takeover; New ghost kitchen restaurants sets up in Anaheim; Irvine’s Fitness International LLC remains country’s largest health club
Evolus Faces Jeuveau Import Ban in Trade Dispute
AESTHETICS: Allergan gets boost; no trade secret
Newport Beach-based Evolus Inc. may face a 21-month import ban in the U.S. after ruling in case involving South Korean pharmaceutical companies and Irvine-based Allergan Aesthetics
Hear This: Syntiant Intros Next-Gen Chip
TECHNOLOGY: CEO expects ‘significant’ ’21 revenue
Irvine chip technology company Syntiant Corp. has added a second-generation AI processor, aims for a significant revenue increase in 2021
Slapfish’s Social Media Push Helps Restaurant Workers
DIGITAL: Chef Gruel’s GoFundMe aims for $1M
Huntington Beach-based Slapfish founder Andrew Gruel leverages social media to help restaurant industry — and to fill a void in what he’s called the absence of a functioning government
Ephesoft, JIFFY.ai Link For Mortgages, Financial Services
‘HyperApp’ to Accelerate Loan Document Processing
Irvine-based software developer Ephesoft Inc. and automation technology company JIFFY.ai in Milpitas have teamed up to promote digital change in the financial services and mortgage industries
Panasonic Avionics Sees AI Taking Off in Airlines
Passenger Satisfaction And Revenue Generation
Lake Forest-based Panasonic Avionics Corp. sees growing role for AI in struggling airline industry
LBA Realty Building New Office at Park Place
40K-SF Creative Space; Luxe Movie Theater Nixed
LBA Realty is switching gears on plans for the former spot of the Sport Chalet, at the retail portion of its Park Place mixed-use campus in Irvine
Bascom Venture Pays $100M For Wisconsin Buildings
Return Home of Sorts For Company Founders
Irvine-based Bascom Group wrapped up 2020 with its largest commercial acquisition of the past year
Midday Stock Roundup
Evolus, banks lead OC increases
OCBJ INSIDER
Battle of the Bands
A love for music runs deep among our collection of Business People of the Year winners, profiled in this edition.
Hoag Delivers Modern Maternity Care to Irvine
HOSPITALS: Staff of 70 at Fudge Birthing Suites
Hoag Memorial Hospital Presbyterian plans to bring greater convenience and choice to expecting mothers at its new birthing center in Irvine
Street Media Buys Iconic Village Voice
MEDIA: SF’s Marina Times also added to fold
Chapman University professor Brian Calle is building a mini media empire with his purchase of the Bay Area’s Marina Times and New York’s iconic Village Voice newspapers
LoanDepot Hsieh: 2020 ‘Was Not a Drill’
FINANCE: Refi’s boom; hints at IPO
Loandepot.com LLC CEO Anthony Hsieh navigated 2020 with booming business
Snyder’s Secret Sauce: Quality Food, Happy Employees
RESTAURANTS: Growth continues for In-N-Out
In-N-Out owner and president Lynsi Snyder’s most challenging year since taking over the president’s role in 2010 turned out to be a largely successful one
Surfline Catches $30M in Funds, New CEO
SPORTS: Surf report has 3 million annual users
Huntington Beach-based firm Surfline kicks the new year off with new CEO and $30M in fresh funds
OC Firms’ Optimism Slips For Start of 2021: CSUF
ECONOMY: Views differ on timing of recovery
Cal State University of Fullerton economists report OC executives' economic outlook remains optimistic into 2021, though sentiment is not as positive as three months ago
Midday Stock Roundup
Medical Device Makers up, Led by ClearPoint
Midday Stock Roundup
Axonics falls, RGP up
OCBJ INSIDER
Year-End Predictions
Chapman President Emeritus and economist Jim Doti predicts 5.7% GDP growth for 2021; luxe home brokers predict continued strong area sales in 2021
Grocer, Giver
Northgate González Fosters Community Across its Aisles
Northgate González Market’s growth has become an enviable success story for a family-owned business, with founder Don Miguel González’s 13 children and more than 30 third-generation family members involved in the business.
Weedmaps to Go Public in $1.5B SPAC Deal
TECHNOLOGY: $160M in 2020 revenue projected
Orange County’s cannabis industry will get a major boost after Weedmaps parent company WM Holdings Co. goes public next year through a reverse merger that is expected to value the company around $1.5 billion.
New Cruttenden Apps Tackle Micro Investing
FINTECH: Gaming, education, data shaing
Walter Cruttenden, founder and former CEO of Roth Capital Partners LLC in Newport Beach, stepped away as CEO of gaming fintech Blast Inc., inviting his business partner Mike Gleason, co-founder and chief executive of Ant Transaction Machines, to take the spot.
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