OC BUSINESS JOURNAL DAILY NEWS

WeWork’s OC Base Grows to 5 Coworking Locations

Spectrum, Costa Mesa Get 2nd spots

New York-based coworking giant WeWork Inc. has added two more prominent Orange County locations to its quickly expanding local portfolio, which now includes five existing and coming office spots that top 200,000 square feet combined.

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OC 500: Augie Nieto

Entrepreneur built, sold two fitness firms … Life Fitness to Brunswick 1997; Octane Fitness to Nautilus 2015 … raises money to fight amyotrophic lateral sclerosis—Lou Gehrig’s disease, which Nieto diagnosed with in 2005 … Chief Inspiration Officer ALS Therapy Development Institute … ‘not incurable; underfunded,’ Nieto says … given name Augustine … lives CdM, wife, Lynne, kids, grandkids … 2017 documentary ‘Augie’ made film fest rounds, directed by James Keach

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Crown Castle Enters OC Market in Big Way

TELECOM: OC jump hints at wireless potential

Rod Hanson wants to make sure your next-generation wireless devices will be able to connect to the internet super-quickly in Orange County—what’s known as 5G.

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OC 500: Larry Higby

Resume: Unocal, Times Mirror, PepsiCo … ex-asst. Bob Haldeman, Nixon White House … UCLA poly sci grad; left MBA studies for 1968 Nixon campaign … cofounder, former chairman, New Majority (see Gary Hunt, Tom Tucker) … former chairman, Segerstrom Center (see Terry Dwyer) … backs Brandman University (see Gary Brahm), South Coast Rep (see Paula Tomei) … corporate boards … wife, Dee

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Midday Stock Roundup

Indexes spiked higher in midday trading on comments by Federal Reserve Chairman Jerome Powell that interest rates are near-neutral, neither spurring nor hindering economic growth.

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Fresh Marketing for El Pollo Loco

Costa Mesa-based El Pollo Loco Holdings Inc. (Nasdaq: LOCO) named Hector Muñoz chief marketing officer ahead of an expected spring 2019 relaunch of the brand.

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Midday Stock Roundup

The S&P 500 was down about 0.2% in midday trading to 2,668.37.

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Opus CEO Resigns

Opus Bank (Nasdaq: OPB), the third-largest Orange County-based bank by assets, said Chief Executive and President Stephen Gordon resigned.

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REIT Transformer

HCP’s GC Oversees Corporate Reinvention

It’s not uncommon for a person to quote an inspiring leader—Lincoln, Gandhi or even Vince Lombardi—during an acceptance speech.

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OC 500: Ralph Stern

Started, sold, two health-dental ventures … dental-implant maker Steri-Oss led to launch DenCharge: private-label credit … Steri-Oss went to Bausch & Lomb … DenCharge added LASIK, pet-care, aesthetics; became CareCredit sold to GE Capital, spun off as part of Synchrony … Sterns gave UCI $5M, Sue and Ralph Stern Center … cancer research, clinical trials, part of UC Irvine Health … also Brandman, Girls Inc., South Coast Rep, Jewish Federation

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Midday Stock Roundup

The S&P 500 was up 0.9% in midday trading to 2,755.75.

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Kofax CEO Explains $400M Document Imaging Buy

TECHNOLOGY: Bish’s patience leads to biggest catch

It took Reynolds Bish six years to catch his biggest fish.

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OC 500: William F. Podlich III

Started Pacific Investment Management Company, 1971, with Jim Muzzy, Bill Gross (see entries) … later launched twin programs for scholarship, grad study, UCI, alma mater Claremont McKenna College … distinguished fellows, CMC … UCI Fellowship on Democracy … late father, ASU prof., Bill Jr., spent two years, Afghanistan, UNESCO trip, teaching, taking photos … first published: Denver Post; now at Radio Free Europe/Radio Liberty website

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Midday Stock Roundup

Markets closed early on the day after Thanksgiving.

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OC to Be Home to Another Asian Carmaker’s US Arm

AUTOMOTIVE: Zotye sets up in Lake Forest

Chinese carmaker Zotye Automobile International Co. plans to use a new Lake Forest-based distribution company to sell vehicles in the U.S. by 2020.

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OC 500: Gen. William Lyon

On OC’s unofficial Mount Rushmore … giants in the land: Bren, Segerstrom, Argyros, Lyon … commanded USAF reserves … built his first homes, Fullerton … stepped down from board having built 100K countywide, elsewhere … backs veterans, OC Rescue Mission … with Bill Steiner started privately funded Orangewood: children, family services … part of car collection now at 30K SF air museum near JWA … Business Journal OC’s Wealthiest

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Taco Bell Bangkok in Early 2019

Taco Bell’s Thailand franchisee plans to open its first location in Bangkok by early next year, local news reports said.

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Midday Stock Roundup

Indexes recovered in midday trading after two days of declines.

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Safety in Numbers

Security Staffing Giant Allied Universal May Seek IPO With Snap’s Ex-CFO

Allied Universal made a $1 billion buy in July to bring its employment to 210,000.

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OC 500: Don Beall

30-year run, defense-aerospace … philanthropy: ‘son, Ken, and I even more involved’ UCI: innovation, cybersecurity … also Hoover Institution, San Jose State, Naval Postgrad School … son, Jeff, L.A. artist-entrepreneur … grandson: Stanford … ‘three wonderful great-grandchildren’ … updating book on Rockwell spinoffs … physical therapy after spinal infection— ‘wife Joan … Nurse Ratched’ … ‘anxious to get back to Augusta … local golf gang, Big Canyon’

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Midday Stock Roundup

Indexes continued declines that began yesterday as a technology sector sell-off continued.

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New Editorial Leadership At Business Journal

The Orange County Business Journal is making changes to its editorial department.

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OC 500: Gavin Herbert Sr.

Father founded pharma firm 60+ years ago … Gavin joined 1950s … focus on eye care when doctors noted patient complaint of ‘itchy, scratchy eyes’ … Botox originally for crossed eyes, ‘started as something we thought might do ... $10M’ … helped design UCI ophthalmology program, build eye institute … with wife, Ninetta, has backed eye research for decades with millions … ex-Navy corpsman … avid sailor

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Blackberry’s $1.4B Bet on Cylance Security

TECHNOLOGY: Shock sale of high-flying Irvine Co.

Cylance Inc. has grown into one of the most trusted names in software security, and a deep-pocketed buyer in the midst of a big corporate reinvention has taken notice.

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JWA Traffic Ticks Up; JetSuiteX Takes Off

September passenger traffic at John Wayne Airport was up 0.4% year-over-year to 857,000 while commercial flights were down 0.7% to about 3,800 for the month.

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