Trio of New Properties Add 1,250 Rooms to Base
Strong signs of life for Orange County’s hotel sector with lifted restrictions and the return of Disneyland crowds
ECONOMY: $78B for top 35 area businesses
The results of the coronavirus on Orange County’s biggest private companies are in: while many certainly did not thrive, most did not fall apart in 2020.
Rising Costs Could Hinder Some Projects
Backlog of construction projects helped to buoy Orange County construction firms over the past year, though headwinds caused by the pandemic could still play out in future years
Industrial Project Backlog; Anaheim Mega-Sites Await
Property conversions becoming more common as developers find new ways to manage properties and focus on long term projects
FOOD: Franchising, digital development
OC restaurant companies are utilizing pandemic experience to push for growth and digital business strategies
RETAIL: Consumers shed sweats, ‘dress accordingly’
2021 challenges are keeping brands cautious but determined for successful year
OC’s Top Public Companies Overcome Pandemic, Outpace National Market Gains
Orange County’s publicly traded companies had not just a great 12-month run on Wall Street, but one for the ages.
FINANCE: $207M for top 15 lenders in OC
Loans under the Small Business Administration to local borrowers soared 63% to $206.6 million on the Business Journal’s annual list of lenders.
$30B in Local Deals In 2020, Down 6.3%
Essential retail, e-commerce became clear winners during the pandemic
Construction Continues; Focus on Safety, Sanitization
Employees are slowly returning to work but office space flexibility is to be expected
ECONOMY: Industry continues being sluggish
The industry saw a major upheaval amid the pandemic but job availability is rising again
Deferred Work Amid Pandemic; New Wins
Orange County advertising agencies didn’t come out of last year’s pandemic unscathed, but the bounce back in business was already underway for many starting this January.
Tech, Life Sciences See Boost in Work
Even though COVID-19 closed courtrooms and forced employees to work from their homes, Orange County’s biggest law firms found a way to keep their workforce steady.
Attached Homes Up 24%; Lack of New Inventory
Local homebuilders and developers enter 2021 on a wave of optimism, with the biggest challenge finding land in Orange County to build more homes, especially less-expensive offerings
Pandemic Fears Overblown; Branches Continue Decline
Fears from a year ago that banks in Orange County could face a shellacking because the pandemic would force massive defaults by borrowers proved to be overblown.
VCs Reduce Local Investments to $97M
Venture capital firms with offices in Orange County decreased their local investments last year by about 11%.
In-Person vs. Telehealth; Expansion Plans Continue
Orange County hospitals saw mixed financial outcomes in 2020.
COVID-19 Spurs Growth; Investor Interest Abounds
Orange County’s hub of diagnostics firms largely defied healthcare employment trends in 2020.
PHILANTHROPY: Largest 65 gifts top $204M
Orange County philanthropists met the COVID-19 pandemic with a surge in support for patients, caregivers and students in 2020
TECHNOLOGY: Funding, new launches, stealth cos.
The future’s now for Orange County’s next generation of chipmakers and semiconductor companies
Less Help to Needy As Fewer Volunteered
Orange County’s largest nonprofits reported combined revenue increase 5.3% to $1.8 billion
Albertsons, Edwards, Allied Universal Climb in Ranks
Despite being battered by COVID-19, a slimmer Walt Disney Co. held onto its spot as the largest employer in Orange County by headcount, while the next two largest employers—University of California-Irvine and the local county administration—managed to increase their staffs.
24 Firms Make List; Health, Tech Leads
The ranks of large publicly traded companies in Orange County is increasing as is their market capitalizations, but the rate of growth seen at those businesses is slowing.
Mixed Outlook For Holiday Selling Period
It was no surprise this year’s list of OC’s largest shopping centers reflects the less-than-stellar physical foot traffic the industry’s seeing.
Say PPP Loans Helped Attract New Customers
Assets at Orange County-based banks soared 31% as they benefitted from new clients brought on by the government’s Paycheck Protection Program (PPP) to help small business survive during the shutdown caused by the coronavirus.
Membership Flat; Net Income Growth Slows
Orange County’s credit unions saw their asset growth increase accelerate with a 26% increase, according to the Business Journal’s annual ranking.
Six Open in 2020; Future Plans in Doubt
2020 has been the hardest time for local hotels in recent history, due to the impact of the pandemic on travel, according to longtime industry observers.
UCI, Chapman Up; Drop for Online-Only
Business schools serving Orange County are seeing mixed signs this year.
Most Districts Commit To An Online Year of Learning
Student enrollment is down nationally nearly 2% for associate, undergraduate and graduate programs across the country because of the pandemic, according to a recent report from the National Student Clearinghouse Research Center.
Increased Tesla Competition; Rivian Boosts Ranks
Orange County auto dealers saw their sales continue to slip, amid a rugged year.
INNOVATION: Edwards continues expansion plans
OC’s top medical device makers continue to power a growing workforce in Orange County.
DRUGMAKERS: Urovant sees largest job boost
2020 has been a year of realignment and redirection for a number of Orange County’s largest drugmakers.
OC Exec Bialik Cites M&A, Sales Hires
The Irvine office of Gallagher was the fastest grower on the Business Journal’s annual list of insurance brokers in this week’s issue (see list, page 25).
Report 36% Boost From 2018 Levels
Orange County’s fastest-growing private companies defied the onset of the recession to post another strong year of expansion, albeit not as fast as a year ago.
Edwards’ Charity Jumps 31% to $1.9M
Edwards Lifesciences Corp. Chief Executive Mike Mussallem said he was inspired at a young age to give back by his older brother George, who was diagnosed with Down syndrome as a young child.
Raytheon, Other Defense Firms Add to Base
It’s been a tough year for the civilian aviation industry due to the COVID-19 pandemic, but several area companies with ties to the defense sector were able to boost their local worker counts.
Mobilitie Makes Gains With 5G Work
T-Mobile USA Inc. in Irvine moved up two notches to claim the No. 1 spot in this year’s Business Journal ranking of Orange County’s largest telecom and wireless companies by headcount.
Alteryx Charges, BlackBerry Slips with Cylance
Maybe you should call it the Blizzard King.
Expertise Being Leaned On To Navigate Tough Times
Telehealth, Devices See Increased Member Usage
Orange County’s largest health maintenance and primary provider organizations (HMOs and PPOs) saw stable membership levels in the past year, though the disruption to the healthcare industry due to the coronavirus pandemic has kept providers on their toes, implementing new services and embracing innovative delivery models in recent months.
ECONOMY: 20th edition counts 47; 31 billionaires
Locals, weekenders — $111B
Figures Don’t Reflect COVID-19’s Impact
The 70 largest women-owned businesses in OC generated a collective $4.2 billion in 2019 sales, up 2% from a year ago.
Execs Say Collaborative Offices are Here to Stay
Open, collaborative, modern: buzzwords for office design in recent years have centered on a floor plan that defies a traditional cubicle-based atmosphere for a flexible space that encourages face-to-face interaction.
STOCKS: Gains not widespread, 30 see drop
Orange County’s 50 biggest publicly traded companies reported a combined 16% gain in their market capitalizations for the 12 months ended June 30.
E&Y Reports 15% Annual Growth Again
Orange County’s accounting firms have managed, thus far, to survive the coronavirus pandemic.
Accenture, Deloitte Exchange Top Spots
Growth slowed at Orange County’s management consulting firms, but didn’t fall off a cliff like other industries because of the coronavirus shutdown.
Local Jobs Up 1% As of May
Orange County’s largest private companies kept chugging along in 2019 when they increased their revenue. The county’s 41 biggest private firms together had total revenue around $87.9 billion, a respectable 3.1% increase.
Top Firms Prep For COVID-19 Impacts
Orange County’s construction industry enjoyed another year of strong gains in 2019 and initial part of 2020, with higher revenues, more projects and an increase in local employees.
Nearly 900K SF Of Office Space Underway
Irvine Co. has been Orange County’s most active commercial developer the past year and over the past decade.
Merrill Lynch Retains Top Spot
Rumors of the deaths of brokers may be slightly exaggerated this year, according to the Business Journal’s annual list.
Operations Upended; Lessons Quickly Learned
Restaurants chugged along during the first couple months of 2020.
Pandemic Accelerates Push for Change
Apparel companies were perhaps barely getting a handle on the marketplace’s more recent shifts. Then came COVID-19.
Place 11% Fewer Workers in 2019
Orange County’s largest employment agencies reported no growth in 2019, reflecting an industry that has stalled in the past three years, and is set for an uncertain future as unemployment rates ratchet up.
Irvine’s CDC Wins Title for 2nd Year
The Business Journal’s annual list of lenders in the Small Business Administration program isn’t so much the calm before the storm as it is the storm before the tornado before the hurricane.
$32B in Local Deals Over Past Year, Up 3%
The coronavirus and its economic implications could serve as the catalyst to bring about a reset to the real estate market, which has been on a bullish tear over the past decade.
8 Consecutive Years of Gains; Firms Now Trimming Expenses
Orange County property managers have been wearing different hats of late.
16% Gain for 23 Firms on List
Orange County’s largest advertising agencies were on the up last year, but the disruption to business across industries from the coronavirus pandemic has firms in wait-and-see mode.
New Projects, Regs, Boost Some; Locals Flat Overall
Environmental consulting firms locally were flat to minimally higher on OC billings and workers for the year ended Dec. 31, with some companies reporting robust work levels because of new regulations or projects—or both.
Firms Hold, Fold; 91 Bigs Have Some 2,800 OC JDs
The Business Journal’s list of Orange County’s largest law firms is like the first moments after a trial ends: there are winners and there are … opposing counsel.
Local Employment Down Nearly 6%
Orange County chipmakers, whose local employee count fell about 6% last year, are bracing for additional fallout from the coronavirus that originated in China and continues to spread across the world.
Deposits Up, Headcount Down, Branches Move
Bank of America Corp. claimed the top spot on the Business Journal’s annual list of 41 banks operating here; its deposits climbed 5.6% to $24.1 billion as of mid-2019.
13 Groups: $2.1B in Funds, $81M of Local Buying
For venture capital based in OC there’s an 800-pound gorilla and everyone else.
31 Facilities; $9.1 Billion; A Few Double-Digit Swings
To say hospitals are stable is a good thing, especially for people spending time there.
Total, Average, Donor Count, No. 1: All Rise
Some say “Give Till It Helps,” while others use the old school cry “Give Till It Hurts.”
Only 8 Builders See Year-Over-Year Gains
A nationwide push for more affordable housing and gaps between phases of development at the area’s largest master-planned communities contributed to a sizeable drop in home sales last year locally.
2 Luxe Hotels On Way in Anaheim
Hotel developers in Orange County are committing heavily to groups and convention-goers.
Generates $1.7B in Revenue; Expenditures of $1.4B
Orange County’s largest nonprofits reported their combined revenue increased 5.6% to $1.7 billion for the 12 months ended June, according to the Business Journal’s annual list.
ECONOMY: Disney, UCI, healthcare lead the pack
Orange County’s biggest companies remain on a recruiting push.
Sales of $8.8 Billion Represent 4.5% Gain
Pop ups, first-to-market concepts, beauty and food have helped fuel growth for Orange County’s largest shopping centers, setting the group up nicely as they enter the key holiday selling season.
Acquisition Helps Pass Banc of California
A new leader tops the Business Journal’s annual ranking of the biggest banks with headquarters in Orange County.
Boost OC Memberships 7.5% to 797,620
Orange County’s credit unions saw their asset growth increase again, according to the Business Journal’s annual ranking.
MARKETS: 34 firms report $27B in sales
Orange County has again demonstrated the ability to spur fast-growing publicly traded companies.
Mitsubishi Departs OC; Rivian Ramps Up
Sales took a dip among Orange County auto dealers amid an industry landscape that continues to evolve locally.
Luckey’s Anduril Grows; Top 31 See 4% Push
Aerospace and defense contractors in Orange County pushed up their employment numbers, proving once again in the words of one local flight pioneer, Tustin’s Abe Karem, that “the best place to do aircraft is Southern California.”
Brandman Enrollment Up, Nabs Corporate Partners
Traditional MBAs are in decline across the country.
Institutions Get Grants, Join With Groups on New Work
Local community colleges saw full- and part-time enrollment drop this year, by 0.6% and 3.5% respectively, for an overall decline of 2.6%.
Epic, Marsh Risk, Burnham Lead Growth
Orange County’s largest insurance brokers as a group saw their revenue grow 12% last year, up from a 6.3% jump in 2017. The 23 biggest brokers with headquarters or significant operations here combined for more than $782 million worth of policies.
22% of Workers at 26 Cos. Employed by Edwards
It’s a shorter list this year. Don’t tell Edwards Lifesciences Corp. Orange County’s largest public company (NYSE: EW) by market cap—at $45 billion last week—is also its biggest medical device maker by a wide margin.
Local Employment 19% Up to More Than 2,800
To be shortlisted is a good thing. So, too, with Orange County drugmakers. This year’s edition of the annual list ranks 10 companies by employee count topped by Allergan PLC in Irvine, with more than 1,300 workers and some seven decades of work in the county.
No Industry Dominates; Irvine Attracts Most
From electric bikes to dental technologies to customized sandwiches, Orange County’s eclectic mix of private companies continue to thrive.
17 Firms See Double Digit Growth; List Tops 8% Up
A strong year for architecture firms may or may not presage more development and construction in the not-too-distant future, but it definitely altered the upper echelons of the Business Journal’s list of top local shops ranked according to OC office billings for 12 months ended June 30.
Big Firms Hit High Notes; Salas O’Brien Up 311%
Engineering firms with operations in OC posted 13% growth to $1.2 billion in local annual billings—and only about a third of that expansion came from the perennial big three.
ECONOMY: 22 cities see population drop
Orange County’s new hot spot is Brea, when looking at population growth in the Business Journal’s annual ranking of cities by population.
Also Up: Edwards, Angels, Broadcom, Sunwest
Newport Beach-based Pacific Life Foundation, affiliated with the largest private company headquartered in OC, Pacific Life Insurance Co. with $10.7 billion in annual revenue, is the biggest cash giver locally, at $4.7 million.
Verizon, AT&T and T-Mobile USA Retain Top 3 Spots
Employment at the top telecommunications and wireless companies in Orange County dipped to about 7,100 workers, a 2.8% decline from year-ago levels.
Tenant-improvement contractors’ sales last year grew 11% in Orange County to $1.3 billion in billings on 26 million square feet of work, according to Business Journal research.
Beauty products distributor SeneGence International in Foothill Ranch topped the Business Journal’s ranking of women-owned businesses with more than $1 billion in companywide revenue last year.
ECONOMY: $102B of sales for largest operators
The large are getting larger—sometimes much larger—in this year’s snapshot of the biggest private companies in Orange County.
4.2M SF in Past Year; Retail Still a Question
Office projects continued to drive commercial development in Orange County last year, and not just in the county’s largest office market.
Steady Growth Expected to Continue
Revenues for Orange County’s largest commercial construction companies reached a new post-recession high last year.
Merrill Lynch Climbs To No. 1; Wells Fargo Slips
Orange County’s largest broker-dealers trimmed their staffs slightly over the past year amid uncertainties in the financial outlook and changes in the industry.
Wealth Managers Report Boom; Duran Sells to Goldman Sachs
It turns out being a money manager can be a profitable investment itself.
14 Firms, 65 Deals, $54.5 Million Invested
Venture capital firms based in Orange County boosted 2018 local investments, led by Adventus Ventures and CerraCap Ventures.
Starting Rates Still Strong; Coast, Disney-Area Luxe
The more things stay the same, the more they change.
Staffing Down Nearly 50% Since 2000
Local employment was down for the third consecutive year among Orange County’s largest apparel companies.
WD Cuts in Irvine, While ViewSonic Doubles Size
Last year, Orange County’s consumer electronics sector was marked by mergers and acquisitions, relocations and other major corporate developments.
Marvell, Microchip, And Skyworks See Big Gains
The largest chipmakers in Orange County boosted local employment significantly in the past 12 months, buoyed by big takeovers amid ongoing global consolidation.
Average Loan Lower; 29 Lenders Join Listings
The Business Journal’s lists of Small Business Administration lenders are in upheaval this year. Not one of the 38 on our dollar value list retained its spot from a year ago. Fourteen reported growth topping 100% and 22 new lenders joined the list (see page 25).
LABOR: 30 Firms Boost Corporate Workers, Too
Orange County’s largest employment agencies hit a speedbump on this week’s Business Journal list.
52 Companies Employ 3,700 OC Workers
There was some reshuffling to this year’s rankings of Orange County’s largest advertising agencies as some firms reported double-digit growth while others reported a double-digit decline.