50 years in Anaheim hospitality … started as GM one Best Western, early Disney days … Arizona-strong, Stovall Family bought in … now co-owns 4 in Stovall stable, nearly 700 rooms … O’Connell regular at The Catch (see Joe Manzella) … first job: caddy, Trumbull County Club, Warren Ohio … first car: candy apple red and white 1957 chevy Impala … would meet President Trump’s father Fred
HEALTHCARE: Lowered age eligibility possible
Everybody’s talking about “Medicare for All.”
Founded firm 1981 … worked on: Dana Point Harbor; Engineering Woodbridge; Reagan federal building; Banning Ranch, Hyatt Regency HB … tech-savvy early adopter ... began in OC on Irvine Co. work, 1970s … offices L.A., San Diego, Ontario, others … $30M revenue, 200 employees … bachelor’s, USC; distinguished engineering alum 2016 … wife, Bonnie … son, Patrick, daughter, Sally, both Trojans
Bank of America named Joe Holsinger as market executive for Merrill Lynch in greater Orange County.
BANKS: Mechanics to be state’s 9th largest
OC finance executive John DeCero is shooting up the banking ladder in California after pulling off yet another unusual deal.
Franchises home-care businesses, $600M+ systemwide sales … top concept Budget Blinds, one of OC’s fastest-growing large private cos., up 32% to $421M … also Tailored Living—organizing; Concrete Craft—resurfacing … some 1K franchisees across system … Trilantic Capital bought control, 2015 … shopping for acquisitions … Shirin backs Alzheimer’s, cancer work … speaks Farsi
Long Beach Airport traffic dropped 18% in February to 251,000 passengers.
Costa Mesa-based El Pollo Loco Holdings Inc. (Nasdaq: LOCO) named Miguel Lozano chief operating officer. He joins the company April 1.
Big Mike’s Latest Vision: Adaptive Reuse Housing in Santa Ana
Mike Harrah is getting into the apartment development game in downtown Santa Ana.
Heads investment banking firm … well-regarded annual investment confab, 5K participants at Ritz Carlton … ‘I like raising capital for companies; there is nothing better’ … not for someone ‘looking for something safe’ … predecessor co. founded by Walter Cruttenden (see entry) … Roth took helm in 1998 … brothers Gordon, CFO, Ted, president
The Richard Nixon Foundation named Hugh Hewitt, a well-known conservative radio host, as its chief executive and president, effective July 1.
Anduril Thrives Outside Silicon Valley
Palmer Luckey wears his banishment from Silicon Valley like a badge of honor.
Economist, sociologist analyzes impact of disasters, tragedies—hurricanes, chemical spills, terrorism, airplane crashes, murder sites—for insurance, property value, legal aspects … tries to decipher rebound … not ‘interested in disasters—interested in recovery’ … books include co-writing Leo Fender bio … TEDx talk ‘Rich Habits’ … BYU bachelor’s; UCLA MBA; Fielding Ph.D. … married, four kids
Ray Wirta is retiring as President of Newport Beach’s Irvine Co., ending a nine-year run at Orange County’s dominant real estate company.
Stocks fell as U.S. manufacturing slipped to its lowest level in almost two years Friday and investors’ concerns deepened over the health of the world economy.
Orange County’s unadjusted unemployment rate fell to 3.0% in February from a revised 3.3% in January, and below the year-ago estimate of 3.1%, according to the state Employment Development Department.
Commercial real estate development and investment giant Hines plans to ramp up its work in Asia, and has tapped the head of the firm’s busy Orange County office to lead the charge.
Business Journal 2018 three-peat— Women in Business, Excellence in Entrepreneurship, Family-Owned— launched beauty products direct-seller 1999 from mobile home … first product: LipSense line … 500+ employees, 200KSF distribution … native Sapulpa, Okla. … new 225-acre facility, Tulsa … prior: Mary Kay … first job: scooping ice cream, Sav-On Drugs … first car: bright orange Toyota … would meet Gandhi
CoolSys, a Brea-based company that installs and maintains refrigeration and heating systems for companies like Costco and Starbucks, was acquired by Ares Management Corp.
Banc of California Inc., the second largest bank based in Orange County, decided 22 months was enough for Doug Bowers as chief executive.