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Ingram Micro’s Latest Push: B2B Incubator

Ingram Micro Inc., which grew to become Orange County’s largest revenue producer—not to mention the world’s largest wholesale technology distributor—by shipping software and other tech products to a network of nearly 300,000 resellers—is once again adapting its business model to thrive in the digital age, while potentially boosting the likelihood of another sale of the Irvine-based firm later this year.

BJ’s Income Up; Shares Down on Earnings Miss

Shares in Huntington Beach-based BJ’s Restaurants Inc. (Nasdaq: BJRI) declined 12% to a market cap of $1 billion in after-hours trading as the casual dining chain missed quarterly earnings estimates by a penny a share.

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Feds Sue Ex-Reg Owners for $55M

The federal Pension Benefit Guaranty Corp. sued the former owners of the Orange County Register on Feb. 14 alleging “breach of fiduciary duties” related to the newspaper’s employee pension fund.

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Sundt, Cypress, Begin $80M ‘SEM’ Building

Irvine-based Sundt Construction broke ground on an $80 million project at Cypress College.

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Ex-Fairmont GM Gets Wineries Post

Carter Hospitality Group in Santa Ana named former Fairmont Newport Beach General Manager Karl Kruger to run two Temecula winery resorts it owns.

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Sunstone Quarterly Revenue Up

Aliso Viejo-based hotel REIT Sunstone Hotel Investors Inc. (NYSE: SHO) reported better-than-expected fourth-quarter results Tuesday, with revenue increasing 3.2% to $280.9 million in the period.

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WeWork Signs Big Lease Near JWA

Coworking firm WeWork has inked a lease for its second large location in Irvine close to John Wayne Airport.

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Real Estate Data Firm Bought

Irvine’s ATTOM Data Solutions has been acquired by Lovell Minnick Partners, a Philadelphia-based private equity firm, on undisclosed terms.

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Taco Bell Sales Near $11B

Irvine-based Taco Bell Corp. fourth quarter systemwide sales rose 8% to $3.3 billion and full-year sales climbed 6% to $10.8 billion, its parent company, Yum Brands Inc. in Louisville, Ky., said.

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Chipotle Jumps on Comps Crush

Chipotle Mexican Grill Inc. (NYSE: CMG) shares leapt some 14% as the Newport Beach-based fast casual chain reported results that topped estimates for revenue, earnings and same-store sales.

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Disneyland Resorts Q1 Revenue Up 5%

Walt Disney Co.’s parks and resorts division, which includes Anaheim’s Disneyland Resort, first quarter revenue rose 5% to $6.8 billion while operating income increased 10% to $2.2 billion from the same period a year earlier.

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Interim Director for LB Airport

Long Beach named Claudia Lewis interim airport director as it continues to seek a replacement for Jess Romo, who stepped down on Jan 31.

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Stacked Taps Yard House Vet for First COO

Huntington Beach-based fast casual Stacked Restaurants LLC named Craig Carlyle, a former senior executive at Irvine-based Yard House USA Inc., its first chief operating officer.

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OC Hotel Property Sales Down 30%

The number of hotels sold last year in Orange County declined 30% to 16 with a cumulative value of $343 million, according to a report by Atlas Hospitality Group in Irvine.

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NextGen Q3 Profit Beats Estimates

NextGen Healthcare Inc. (Nasdaq: NXGN), the biggest publicly traded health care software provider based in Orange County, reported fiscal third quarter adjusted profit of 18 cents, which topped analyst expectations of 15 cents.

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Pendry Aims for L.A. 2020

A long-rumored L.A. location for Irvine-based Montage International’s lifestyle Pendry Hotels division could open as early as next year on the Sunset Strip, at the former site of a House of Blues.

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