OC BUSINESS JOURNAL DAILY NEWS
Hotel Owner Starts ‘Holistic’ Brand
Private equity firm Alpha Wave Investors in San Clemente has formed Soul Community Planet to provide branding for hotels and other projects, with an initial investment of about $1 million, according to Chief Executive Ken Cruse.
American Vanguard Gets Global Herbicide
An American Vanguard Corp. subsidiary acquired the Bromacil herbicide business of Bayer Crop Science in the U.S. and Canada. It bought the rights outside of these markets from DuPont Crop Protection in 2015.
Midday Stock Roundup
The S&P 500 was up 0.5% in midday trading to 2,762.73.
Larry Thomas, Message Man for All Seasons
Irvine Co. Exec’s Passing Hits Hard and Wide
Larry Thomas died on the morning of June 12. He was 70.
OC 500: Andreas Hinrichs
Makes app for finding, buying, lending on cars … ex-Daimler finance exec; firm backed, $50M, by ex-employers … carmakers add dealerships, financing, sometimes investing … Sept. 2017 added Hyundai, Kia, Genesis … added VW, Audi, July; investor, $30M … dealerships of OC 500’s Fletcher Jones, Nov. 2016
Chapman Boosts US GDP Forecast
The U.S. economy should grow 2.7% this year, up from the 2.5% predicted in December, according to the latest economic forecast from Chapman University.
Pyott Foundation Gives to Easterseals
The David and Molly Pyott Foundation gave a $1.7 million gift to Easterseals Southern California (ESSC).
Wells Fargo to Shut 2 Irvine Auto Offices
Wells Fargo & Co. is closing two auto financing offices in the Irvine Spectrum, resulting in 67 employees to date leaving the firm.
Midday Stock Roundup
The S&P 500 was down 0.4% in midday trading to 2,755.72.
PacSun Names President
Alfred Chang was promoted to president of Anaheim-based retailer Pacific Sunwear on Wednesday.
KPRS Constructs Itself
Brea Firm Plays Up Employee Balance for Great Service
KPRS Construction Services Inc. is celebrating its 20th anniversary this year. That means it survived economic slowdowns caused by the internet bubble burst, the 9/11 terror attacks, and the 2008 financial collapse.
OC 500: Khanh T. Tran
Joined PacLife 1990 as treasurer … named CFO 1996, director 1997, CIO 2011, president 2012, current role 2016 … ACG 380 planes owned, or on order, $9B assets, $1.8B equity capital … 2016 profit: $138M, up 29% YOY … plans IPO … Business Journal CFO of the Year 2011 … snow, water skiing, scuba … mentor: mother; role model: father ... B.A. Whittier College; MBA UCLA ... three words: ‘inquisitive, innovative, industrious’
Long Beach’s Real Estate Reach Long
REAL ESTATE: Douglas Park hotspot for developers from OC
Orange County’s main hub of business might be the area around John Wayne Airport, but for several members of OC’s real estate development community, LGB has been the preferred destination over the past few years, not SNA.
OC 500: Richard Pickup
Savvy equities, real estate buyer … invested in former local players Epicor Software Corp. and Carl’s Jr. parent … RE buys include $250M acquisition + renovation Balboa Bay Club, Resort; NB Country Club … stunning clubhouse at latter overlooks PCH … invests in Pacific Hospitality Group-led deals … son Todd expanding role, own investing … family stake in Impac Mortgage Holdings Inc..
Midday Stock Roundup
The S&P 500 was up 0.3% in midday trading to 2,771.49.
Ducks Net UCI Health Sponsorship
The UCI Health system has been named the inaugural presenting sponsor of the Anaheim Ducks, the franchise said this morning.
Evolus Adds CMO
Evolus Inc. named Michael Jafar chief marketing officer, a new position, and its second recent hire from the executive ranks of Allergan plc.
Midday Stock Roundup
Indexes were down in midday trading on increased global trade tension.
Cylance Raises $120M
Cylance Inc., one of the highest valued private companies in Orange County, has raised $120 million in a venture round led by prior investor Blackstone Tactical Opportunities.
Hyundai, Kia Reorganize US Ops
A shakeup has happened in the North American offices of South Korean automakers Hyundai Motor Co. and affiliate Kia Motor Corp.
Lyon Lead for Next Great Park Homes Leg
REAL ESTATE: $166M land buy for homes starting at $350K
William Lyon Homes (NYSE: WLH) has been tapped to build one of the most unique home developments in Orange County in several years, a 536-unit project at Great Park Neighborhoods in Irvine with a large number of affordably priced homes.
OC 500: Anthony Moiso
OC’s No. 2 landowner after Donald Bren … heads development, leasing arm of Moiso, O’Neill, Avery families … South OC ... includes real estate development leasing, cattle and ag operations … latest phase of RMV housing, Escencia community … took chairman title this year … president duties to longtime company man Don Vodra
Ahmansons Back Housing Conference
Fieldstead and Co. in Irvine plans a daylong “What Would Howard Do?” discussion of home ownership at the University of Southern California on Aug. 1.
Midday Stock Roundup
The S&P 500 was down 0.4% in midday trading to 2,769.96.
Broadcom Cuts 1,100 Jobs
San Jose-based Broadcom Inc., which maintains a sizeable operation in Irvine, has issued another round of deep job cuts following an acquisition.
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