OC BUSINESS JOURNAL DAILY NEWS
OC 500: Jay Carnahan
CRE brokerage, founded 1999 … career 50M+ SF acquisition, development, management, marketing, leasing, high-end office space… previous roles, Cushman & Wakefield (see Jeffrey Cole, Eric Paulsen), Transpacific Development Co., PM Realty … also Irvine Co. office leasing, management … on UCI Merage Center for Real Estate advisory board
John Wayne Traffic Dips 4.5%
John Wayne Airport passenger traffic decreased 4.5% in July to 946,000 compared with the same month last year. Flights to and from the OC airport dipped 3.3% to 27,500 from July 2018.
Long Beach Airport Down 11%
Long Beach Airport traffic decreased 11% year-over-year in July to about 319,000 passengers; year-to-date traffic is down nearly 15% to 2 million.
Midday Stock Roundup
The S&P 500 was flat at 2,996.78 during midday trading.
Del Taco Promotion: New COO
Lake Forest-based Del Taco Restaurants Inc. (Nasdaq: TACO) promoted Chad Gretzema to chief operating officer, a new position.
CBD Focus for Ex-LifeLock CEO
RETAIL: $10M+ raised; $50M ad budget
Todd Davis, co-founder and former chairman and chief executive of Tempe, Ariz.-based identity protection firm LifeLock Inc., has set his sights on a new industry: CBD.
OC 500: Ken Long
One of OC’s fastest-growing large private cos. … 24% two-year sales growth to $465M … 1,450 employees … pours cement at big construction projects … co-founded, co-owned with family … work includes Disneyland-area hospitality, parking; Segerstrom Concert Hall; USC University Gateway: 1M-SF cast-in-place concrete slabs, eight stories residential, eight parking levels … bachelor’s, Georgetown
Midday Stock Roundup
The S&P 500 was down 0.4% in midday trading at 2,996.31.
Alignment Aims To Be $1 Billion Company
HEALTHCARE: AI platform; 91% growth in 2 years
Alignment Healthcare, which began in 2013, is well on its way to becoming a billion-dollar business.
OC 500: Jason Hughes
Business Journal Best Places to Work, 2018, third time in four years … CRE tenant rep … wife Shay, president … 10 ‘core values’ wall mural at SD HQ: ‘do the right thing’ … ‘relationships based on trust’ … ‘deliver excellence’ … early work included washing windows, ‘you name it, I did it’ … first car: VW Rabbit … bucket list: ‘traveling around the world with my family’
Midday Stock Roundup
The S&P was flat in midday trading Friday at 3,009.4.
A Sun Worshiper, Illuminated
Trophy Home Architect Jeannette Explains His Art
Brion Jeannette loves the sun.
OC 500: Robbin Narike Preciado
Took on post 2011 … OC’s fourth-largest commercial bank … $6.5B deposits, 1,350 workers, 50 branches … unit of Mitsubishi UFJ Financial Group … opened OC’s first Tesla Supercharger station at San Juan Capistrano branch, 2014 … previously 21 years Wells Fargo … board, OC Business Council, SD Regional Chamber … bachelor’s, UCLA
Midday Stock Round Up
The S&P 500 and Nasdaq both rose over half a percent at midday trading to 3,017.9 and 8,217.36 respectively. (continue reading)
OC 500: Daniel Jay Lubeck
Started firm 2002 … raised, deployed $52M, 2003-2008 … committed fund $61M, invested 2012-2018 … buys into cos., $15M to $100M sales … holdings include Lindora (see Will Righeimer) … former chairman, SoCal Young Presidents Organization … on Team Kids board … UCSD grad; USC law … can’t miss: ‘my wife’s birthday’ … first car: used Dodge Colt, ‘I paid half, my parents paid half’
Midday Stock Roundup
The S&P 500 rose 0.5% in midday trading to 2,995.05.
Banc of California Says Defrauded of $36.1M
Shares of Banc of California Inc. (NYSE: BANC) plunged as much as 10% after revealing it would take a $36.1 million charge involving an alleged fraud.
UCI Names Andriola IT Chief
University of California-Irvine named Tom Andriola its vice chancellor of information technology and data, a new position.
Veritone Plants AI Flag At Microsoft
Costa Mesa-based Veritone Inc. (Nasdaq: VERI) said its aiWARE artificial intelligence system launched on Microsoft Azure Government, which works with federal and other government agencies to secure and store data in the Cloud.
OC 500: Daniel S. Robinson
Specializes civil litigation … trials incl. $14.5M for plaintiff after motorcycle accident 2011 … ex-NY prosecutor … Best Lawyers, America since 2013; Super Lawyer since 2014 … sec’y OCBA 2018 … bachelor’s, Williams College, JD, Loyola … dad, Mark (see entry) … first job: minimum-wage painter at 15 … first car: Jeep … favorite team: Angels; can’t miss social function: ‘Trout Jersey Night’ … bucket list: South America
WeWork Latest: Full Office Near JWA
COWORKING: 3 floors now, 2 more later
WeWork has struck a huge deal to occupy the bulk of a five-story office near John Wayne Airport, its latest notable lease in Irvine this year.
Midday Stock Roundup
The S&P 500 fell 0.3% to 2,970.90 during midday trading.
Casual Expansion for Wahoo’s on Menu
RESTAURANTS: Chain plots next phase of growth
Part of the challenge in diversifying Orange County’s food scene is people like Wahoo’s Fish Taco co-founder Ed Lee.
OC 500: Alain Monie
Largest local firm by revenue, $46B … 14th-largest foreign-owned by 900 local workers … 29K global employees, 45 countries after 30+ acquisitions in five years … has continued under China-based HNA owner: Dec. 2017 buy, Cloud Harmonics … HNA paid $6B for IM in Dec. 2016; now said to be shopping the global tech products and services provider … Business Journal OC 50
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