OC BUSINESS JOURNAL DAILY NEWS

BJ’s Revenue, Income Up

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.

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Midday Stock Roundup

The S&P 500 was up 0.8% 2,662.44.

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CSUF Economists Say Longest Expansion Still Has Steam

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).

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OC 500: Rick Warren

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

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Habit Taps QSR Vet for Brand Post

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).

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Midday Stock Roundup

The S&P 500 was up 0.8% 2,681.97.

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Edwards Bets Big On Investments

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.

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OC 500: Kevin Vann

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

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Midday Stock Roundup

The S&P 500 declined 0.8% in midday trading to 2,684.64.

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Charged Office Sale

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.

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OC 500: Richard Steinberg

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

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Boot Barn Earnings Beat

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.

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Chipotle Revenue Up

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.

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Lantronix Reports Higher Revenue, Lower Loss

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.

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Alorica Adds Three Offices, 5K Jobs

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.

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Midday Stock Roundup

Indexes rose strongly in midday trading as the market rebounded from losses earlier this week.

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City Ventures Sees Green in Eco-Friendly Homes

REAL ESTATE: On pace for 600 sales this year

You could call City Ventures the Prius of homebuilders.

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OC 500: Carter Ewing

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

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Marriott Irvine Spectrum Gets New GM

Marriott Irvine Spectrum named Dianne Markis general manager.

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Midday Stock Roundup

The S&P 500 was down 0.9% to 2,716.10.

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Glidewell Labs Adds 2 More Offices to Irvine Campus

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.

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OC 500: Daryl J. Carter

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

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Edwards: Sales Up, Shares Dip

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.

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UCI Gets $14.7M Grant

The University of California-Irvine said Tuesday it received a five-year grant for $14.7 million from the U.S. Department of Education.

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Midday Stock Roundup

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%.

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