BJ’s Restaurants Inc. (Nasdaq: BJRI) in Huntington Beach earned nearly $9 million in net income on $270 million in revenue in its most recent quarter, up 257% and 10% respectively.
ECONOMY: Job growth here will slow, but ‘let’s enjoy the sun’
Tough week to deliver a rosy economic forecast. The global equities markets were pounded by more than 10%, and earnings season here disappointed (see Q3 bank story, this page).
Founded Protestant evangelical church 1980, age 26 … 20,000+ weekly attendees … top-10 in US … affiliated with Southern Baptist Convention … invocation at President Obama’s 2009 inauguration … author … ‘The Purpose Driven Life’ has sold 30M copies … born San Jose … bachelor’s CalBaptist in Riverside, M.Div., Southwestern Theological Seminary, D.Min. Fuller in Pasadena
Habit Restaurants Inc. (Nasdaq: HABT) in Irvine named Iwona Alter chief brand officer; she joins the fast-casual burger chain December 10 from San Diego-based Jack in the Box Inc. (Nasdaq: JACK).
HEALTHCARE: 17% of sales on R&D spend
Edwards Lifesciences Corp., Orange County’s largest public company with a nearly $30 billion market value, is also one of its fastest-growing public companies, both in sales and stock growth.
Leads 10th largest Roman Catholic diocese in US … second-largest west of Mississippi … appointed to role by Pope Benedict XVI, 2012 … fourth to hold position … emphasis on meeting spiritual, social, economic needs of diverse RC population … overseeing efforts to turn former Crystal Cathedral campus from Protestant worship center into prominent, visible West Coast center of Catholicism
REAL ESTATE: NFL team’s HQ sells for $84 million
The Costa Mesa office complex that’s home to the operations of the Los Angeles Chargers football team has traded hands at a 75% premium to its prior sale.
Ordained 1995 … chosen to lead Irvine congregation 2001 … it had 300 member families, now 600 … ‘when one comes to Temple, they ought to feel better when they leave than when they walked in’ … former criminal justice major was asked to serve as chaplain for Irvine PD
Work and Western boot and apparel retailer Boot Barn Holdings Inc. (Nasdaq: BOOT) reported net income of $4.5 million, or 16 cents per share, beating analyst predictions of 9 cents per share, in its second quarter earnings report Thursday.
Chipotle Mexican Grill Inc. (NYSE: CMG) in Newport Beach said revenue increased nearly 9% to $1.2 billion and adjusted net income was 60% higher to about $60 million in its most recent quarter.
Irvine-based Lantronix Inc. (Nasdaq: LTRX) reported net revenue of $12.3 million, up 16% year-over-year, and a net loss of $83,000, an 87% improvement, in its most recent quarter.
Irvine-based outsourcing company Alorica Inc. added of three locations in Asia on Thursday, further expanding its presence in the region and growing its employee count by more than 5,000.
Indexes rose strongly in midday trading as the market rebounded from losses earlier this week.
REAL ESTATE: On pace for 600 sales this year
You could call City Ventures the Prius of homebuilders.
CTR one of U.S. larger industrial developers … co-leads OC with James ‘Watty’ Watson … big land deals in past year include several million SF in Stockton, Calif., and Atlanta … medfocused mixed-use Aliso Viejo
REAL ESTATE: $88M buy its largest to date
Newport Beach-based dental products maker Glidewell Laboratories, already one of the largest owner-users of commercial real estate in the area around John Wayne Airport, has made what appears to be its largest-ever local property acquisition.
Leads SoCal buyer, renovator affordable multifamily … bought $300M+ properties past two years … portfolio totals 8K units, big cities L.A. to D.C., NYC, Chicago … Gainesville, Fla. … biggest market: Calif.; no OC
Edwards Lifesciences Corp. (NYSE: EW) earned $226 million on sales of $907 million in its most recent quarter. Sales rose 10% year-over-year but missed expectations and its shares dipped 2% to a $30 billion market cap.
The University of California-Irvine said Tuesday it received a five-year grant for $14.7 million from the U.S. Department of Education.
Indexes are down about 1% apiece on global economic growth worries and weak earnings outlooks from 3M Co. and Caterpillar Inc.; earlier today, the markets dropped almost 2%.