OCBJ SPECIAL REPORTS

Medical Device Makers’ Employment Rises 4.5%

Top Four Increase Headcount Above Average

Medical device makers with operations in Orange County added over 900 employees in the year ended July 31, up 4.5% year-over-year, according to Business Journal research. The top four reported above-average growth, fourth-ranked Microvention Inc. in Aliso Viejo up 29%, the biggest move.

OC’s No. 1 Drugmaker, Allergan, Keeps Downsizing

Dendreon Plans to Grow; Peregrine Drops Off List

Compared to robust activity in the medical device sector, the eight biggest drugmakers with headquarters or significant operations in Orange County reported lackluster local employment of 2,153 in the year ended July 31, down nearly 20%.

United Way Homeless Campaign Draws Top Execs

‘It’s Our Brand. It’s Who We Want to Be as a Community’

Leaders of Orange County’s top corporate, philanthropic, government and faith-based organizations gathered in February to officially announce United to End Homelessness. The initiative boasts a coalition of nonprofit and private interests joining to create solutions for a pressing problem: growing homelessness in a county with some of the country’s wealthiest cities.

Vet Off-Broadway Exec Produces Success in Laguna

Richard Proposed Cash Infusion, Bigger Shows

The revitalization of a theater takes an investment of time, talent and treasure. Two years ago, Laguna Playhouse received an infusion of all three, and has been on an upward trajectory ever since.

Corporate, Private Foundations Sharpen Focus

Updated Rankings Focus On Local Contributions

This year’s Business Journal list of corporate and private foundations lost a few names after we narrowed rankings to firms most connected to Orange County charities, as opposed to earlier lists based on both local and total contributions.

Funding Model Sets Rare-Disease Nonprofit Apart

CureDuchenne Leverages Venture Capital Investments

Paul Miller, co-founder of the CureDuchenne nonprofit group and chief operating officer of Irvine-based Patman Meat Group, recalls the first time he met the woman who would become his wife and the mother of their son, Hawken.

Philanthropy

The Audi Mission Viejo/Infiniti of Mission Viejo/Volvo Mission Viejo 2018 Golf Classic was held on June 7 at Pelican Hill Golf Club.

Business Leaders Help Foster Youths Realize Goals

Drawn by Their Stories Of Struggles and Dreams

It was 1999. Granite Investment Group Chief Executive Allen Boerner was one of about 30 guests, most of them donors, at a special graduation event. He attended somewhat reluctantly, his wife, Susan, having gently nudged him. It was the first Guardian Scholars graduation celebration, she said, and she really wanted to go.

OC Insider

In Anaheim, WAR once stood for Westin Anaheim Resort … now it describes the acrimony over $4 billion in development in the resort area. Disney just extended an “olive branch,” and the city took it, ending two tax goodies for the resort operator—the 70% rebate of the TOT—transient occupancy tax—for four-diamond hotels, and a promise not to impose a new ticket tax on the theme park

Satellite Makers Hope to Lift Local Industry into Orbit

Rocket Lab Leads With First Commercial Launch

Huntington Beach-based Rocket Lab is carrying more than small satellites on its first commercial launch, which has been rescheduled for late this year.

High School Students Reach For Stars Via Engineering

Irvine, Tustin Teams Build Satellites for Launch

Irvine High School’s fall semester is underway, but incoming senior Mehr Bawa had already been hard at work.

Software Companies Again Boost Headcount Over 5%

Games, Security, Analytics Continue Growth Spurts

Orange County’s software sector, a key economic driver, boosted employment 5.4%, the third straight year of significant job growth.

Some Hotel Owners Grounded by Shorter Land Leases

Contracts Affect Ops Of Area Investors

Selling one of Newport Beach’s largest resort properties wasn’t an easy choice for Sunstone Hotel Investors Inc. Chief Executive John Arabia.

Industrial Market Stays Tight

With a strong start to the year, increased activity by a diverse mix of tenants held market fundamentals steady. But the increase only marginally improved occupancy, many tenants opting to play musical chairs with neighboring tenants instead of expanding.

Office Market Growth Plateaus

Strong positive net absorption, led by technology and business services tenants, offset the market’s negative net absorption in the first quarter. Occupiers were drawn to amenity-rich buildings in central locations, and landlords latched onto the trend, focusing on renovations and increased asking rates.