38 OC-based chains grow, split, buck trends; sales up 7%
OC-based restaurant chains are seeing such life that a few split from our list for a new chart.
PacLife, Kingston, Golden State Foods Lead Private Cos. List—Again
They say it’s lonely at the top, but if you invite a few friends it can get downright clubby.
Plenty Under Way, Less Finished Than Prior Year
Orange County’s top commercial real estate developers kept busy last year with a host of retail, hotel and office projects, although the number of buildings nearing the finish line was smaller than the previous few years.
Employment Totals Now Top Prerecession Levels
Orange County’s largest commercial construction companies showed no signs of a slowdown in activity last year as a variety of large private and public-sector projects helped push revenues to a post-recession high.
OC Advisers Have Climbed 25% Since 2010
The combined pool of financial advisers in Orange County grew about 2.7% to 2,022 last year, led by increases at Merrill Lynch, Fidelity Investments and Raymond James Financial Services Inc.
43 OC Deals for $78M Up From 30 for $53M in 2015
Venture capital firms based in Orange County increased their local investments 47% last year, led by Toba Capital and Okapi Venture Capital.
List Hotels Have Few, But Key Room Modifications
Waterfront Beach Resort, A Hilton Hotel shuttered six of its 290 rooms last year, but it had a very good reason—the move helped make way for about 150 more in a new tower that’s scheduled to open in September.
Special Report: Focus of July 3 edition
Is your company women-owned? The Business Journal wants to hear from you.
54 Biggest Firms Include Four Newcomers
Orange County’s largest apparel makers slowed hiring over the past year.
18 Biggest Marketers, Makers Employ 4,618
A headquarters move and an axed sale were the big headlines generated recently by Orange County’s largest consumer electronics makers as employment held steady.
Biggest Combine to Trim 15, Leaving 3,947 in OC
Orange County’s biggest chipmakers in the 10 months through the end of April staved off deep job cuts that have defined the sector following Broadcom Corp.’s $37 billion sale to Singapore-based Avago Technologies Inc. last February.
Number of Loans Grows At Slower, 2% Pace
Small Business Administration lending in Orange County grew at a torrid 40% pace in a recent six-month period while the number of loans climbed at a slower 2.4% pace, based on two lists published in this week’s Business Journal.
Is your company about much more than its bottom line? Does it also use its resources to better the Orange County community?
Temp Down, Direct-Hire Up, For Firms That Tell
Orange County’s job market produced some apparent anomalies in the placement of temporary and permanent workers last year.
Two Firms Have 56% of List’s $1.5 Billion in Revenue
Let’s see that clip again.
29 Biggest Take in $621M Through 110 OC Presses
Orange County’s 29 largest commercial printers combined for $621 million in sales last year, about the same as the group posted in 2015.
Capitalizations Rise, IPOs Return, for OC’s Top 100
It was another year of change for Orange County-based public companies.
The Business Journal is preparing its annual list of privately owned companies for publication in June.
Volume Rises 8%; Lease Deals Down 3%
A brisk pace of building, apartment and land sales helped overcome some sluggish leasing activity in Orange County last year. The bottom line: another year of gains for the area’s largest commercial brokerages.
Top Firms’ Local Accounts Approach 200 Million SF
A dose of development helped Orange County’s largest commercial property managers grow their local portfolios for the fifth straight year.
Uptick Reverses Last Year’s Slight Decline
Orange County’s largest environmental consultants, as ranked by local billings, experienced an increase last year in those numbers after a small decrease in 2015.
Numbers Again Flat After Modest Post-Recovery Gains
Law firms in Orange County held attorney counts steady over the past year for the second year in a row after two years of modest gains.
Brokerage Business, Data Firms on Shopping List
Orange County’s largest title insurance providers are looking at acquisitions both inside and outside their core business lines to help them grow operations and improve efficiencies in a climate of interest rate hikes likely to cut into their refinancing work.
Top Three Unchanged, Represent 37% of Growth
Banks in Orange County enjoyed another banner year as deposits climbed 13% to $109.6 billion for the year ended June 30, up 60% over five years earlier.
Ongoing Projects, Pipeline Add Slew of New Homes
Lake Forest, despite being in the shadow of California’s two best-selling master-planned communities, has been holding its own during the latest residential building boom.
30 Centers Take in $7.2B; UCI Hospital Still at Top
Last year Renton, Wash.-based Providence Health & Services and Irvine-based St. Joseph Health merged to form a seven-state healthcare system, a transaction that further consolidated its Orange County-based hospitals under the umbrella of St. Joseph Hoag Health.
78 Combine for $18.7B, Employ Nearly 14K in OC
Revenue at the largest minority-owned businesses with headquarters in Orange County climbed almost 10% to $18.7 billion last year, led by acquisitions, mortgages and granite countertops.
Paséa, Great Wolf Drive Climb to Over 1.3M SF
Two hotels that opened last year in Orange County added 55,000 square feet of meeting space to local inventory, enough to drive the Business Journal’s annual account of hotel meeting space above 1.3 million square feet.
ECONOMY: First entries reflect growing commercial presence here
China’s continued expansion on the world stage and a strong year for hiring among Orange County’s largest foreign-owned companies combined to bring a jump in overall employment in the category here.
Volunteers Increase 10%, Staff Up 4% at 93 Groups
Orange County’s nonprofit organizations continued to grow revenue in the past year as more OC residents requested their services.
Grow Local Workforces 2.5% to 273,000, Up 3.5% Companywide
Orange County’s biggest employers continued to expand their workforces over the past year, though at a slightly slower pace than last year.
Biggest Shopping Centers Post 1.7% Increase, Top $8B in Sales
The largest shopping centers in Orange County managed a seventh straight year of growth in taxable sales with a 1.7% gain.
AUTOS: 1.5% hike for biggest; Karma top automaker for jobs
The 40 largest auto dealers in Orange County combined for $5.3 billion in sales for the 12-month period that ended June 30, a 1.5% increase that marks a significant slowdown from recent years, according to this week’s Business Journal list.
Top Five Unchanged; Profits Up 31% to $138M
Orange County-based commercial banks continued strong year-over-year growth as they increased assets 39% to about $33.5 billion for the year ended June 30.
Struggle on Profits, With 1% Dip to $73 Million
It’s been a mixed year for Orange County’s credit unions as they grew assets by about 7.8% to $19.4 billion for the year ended June 30 while combining for a 1.3% decline in net income to about $73.4 million for the first six months of 2016.
Fastest-Growing Public Companies Combine to Hike Revenue 75% to $25 Billion
The 47 fastest-growing public companies in Orange County are growing faster.
64% of Advisers at Top 5; 4 Firms Debut on List
The combined pool of registered investment advisers in Orange County grew about 12% to 1,905, and the 29 firms on the Business Journal’s list combined to employ overall staffs totaling 7,022, up 16.5%.
Slight Decline 2nd in Row For Biggest With Operations Here
Orange County’s largest aerospace and defense contractors posted a modest drop in local employment in the past year.
Online Schools Lead List Of 41 SoCal Programs
Numbers are up in the Business Journal’s annual survey of MBA programs in Orange County. The Business Journal publishes an unranked list of 41 MBA programs throughout Southern California (see related graphic, page 25).
Biggest Rise Fastest, Account 75% of Total
Orange County’s insurance brokerages grew for a sixth straight year to combine for about a 7% increase in local revenue to $623.6 million in 2015.
Renovations Up for Office, School, Retailer Clients
Orange County’s architecture firms combined for about $451.1 million in local billings in the past year, up about 4%. Firmwide billings dropped 11% based on numbers reported by half of the firms.
OC Market Defies US Slide on Oil Price Decline
Orange County’s top engineering firms had a mixed year with an increase in local billings as companywide revenue dipped.
Employment Up 16% to Nearly 21,000 Jobs
The 157 fastest-growing private companies in Orange County combined to boost revenue by more than 66% over the last two years to an estimated $15.4 billion.
The Business Journal’s annual list of fastest-growing private companies includes OC-based businesses owned by individuals, groups of people, families, venture capitalists, private-equity firms and other investors.
Local Public Companies Lead; Net Gain of 970 Workers
Medical device makers with operations in Orange County added nearly 1,000 employees over the past 12 months for a growth rate of nearly 6%, according to Business Journal research.
Allergan Still No. 1 for Local Employment
The largest drugmakers with headquarters or significant operations in Orange County employed 3,210 here during the 12-month period that ended Aug. 30, about the same as a year earlier.
Combine to Donate $180M, Increase Local Gifts 46%
Orange County’s private foundations gave more locally and overall in their most recent fiscal years.
OC Contributions Up 5% To Nearly $20 Million
Corporate foundations active in Orange County continued what’s now a six-year trend of increasing overall cash contributions to OC charities.
17 Biggest Down 756 Jobs To Just Under 4K Workers
Big job cuts at Broadcom Ltd. following its $37 billion sale in February to Singapore-based Avago Technologies Inc. and a string of divestitures fueled one of the steepest local employment drops in the chip sector in years.
The Brand Amp Stays Atop List With 21% Increase
The majority of the biggest public relations firms in Orange County increased their staffing levels during the 12 months ended July 31, combining to more than double the Bureau of Labor Statistics’ projected 6% pace of national industry growth.
Led By T-Mobile, Which Added 175 Employees
The continued growth of T-Mobile USA Inc. and Mobilitie LLC’s local operations boosted the employment of the largest telecommunications companies in Orange County over the year ended July 31.
34 Incorporated Areas Still Topped By Anaheim
Orange County’s population expanded by about 29,000 people last year, or a hair under 1%, ending 2015 at slightly above 3 million.
Growth on Hold As Planned M&As Scrutinized
Orange County’s top eight health maintenance organizations grew slowly during the 12 months through July.
Membership Flat at 13 Biggest To 2.6 Million
Membership at managed dental healthcare plans operating in Orange County slightly declined over the year ended last month after a surge in 2015.
How OC’s Wealthiest Got Much Wealthier
This year’s crop of OC’s richest residents managed to outpace the market by a longshot, thanks to a number of additions and several deals that helped boost the combined wealth of the 45 entries to $72.5 billion.
30 Firms Do $909M In Work, Grow Revenue 16%
Orange County’s 30 largest tenant-improvement contractors continued to grow last year, combining for $909 million in local work.
Boost Employment By 6%, Big Four Again Lead Pack
Orange County’s largest accounting firms combined to grow the industry’s local work force by 6% over the year through June for the fifth consecutive year of gains as the economy and business regulation expanded.
Local Employment Up 9%, Firmwide Staff Rises 19%
Orange County’s top management consulting firms experienced 9% growth to employ about 1,760 locally in the year ended June 30, many of them adding staffers.
ECONOMY: Largest up 20% overall, 9.2% on local hires
Orange County’s biggest women-owned businesses generated more than $3.75 billion in revenue last year, a 7% annual increase and the sixth consecutive year of growth.
Big 5 Strengthen Positions; 8 Newcomers on List
Orange County-based restaurant chains continued to grow in the past year, reaching $16.4 billion in revenue, a hike of about 8% from a year ago.
Increase for Largest Here Surpasses State, Nation; Revenue Up 9.1%
Call it a Triple Crown: The largest Orange County-based private companies combined to post impressive increases in revenue, as well as local and company employment, Business Journal research shows.
Nearly 3M SF Completed; Projects Spread Across OC
Orange County’s top commercial real estate developers posted their most active year of completed projects in a decade with a variety of sizeable product types opening across the region over the year ended April 30.
Revenues Here Highest Since ’09, Backlog Down
Orange County’s largest commercial construction companies took in the most revenue since the Great Recession, although a shrinking backlog and ominous economic reports raise questions about the industry’s continued growth.
Toba New No. 1 After Versant, Ventana Exit OC
The most active venture capital firms with local headquarters or significant operations and ranked by amount invested in OC companies combined for about $56 million in 39 portfolio deals last year. That’s about 35% less money than the top VCs invested in 2014 in about the same number of completed local deals.
Slow Growth Comes As Biggest Tweak Leadership
A lot can happen in a year, and the past 12 months were no exception for the 53 largest apparel companies based in Orange County. The top three on this week’s Business Journal list are under new leadership, one emerged from bankruptcy, and several others have traded hands. A few firms also notched significant local staffing changes, the metric the list is based on.
HOSPITALITY: Great Wolf raises top 50 to 21,508 rooms
There have been a few changes on a list that rarely sees them.
TECHNOLOGY: 39 Largest Combine For 8,000-Plus Jobs
The county’s largest software makers grew employment by 5.1% in the 12 months through April as several emerging companies joined the ranks of the largely mature local industry.
ECONOMY: WD, Toshiba react to external, internal factors, trim staff
Orange County is home to a vibrant sector of companies that make and market consumer electronics, the largest among them accounting for more than 4,500 jobs, even with a recent rough patch for local employment at the top.
$225M Provided, Up 31%, In 440 Loans, Up 16%
Small-business lending in Orange County continued to grow in recent months, based on this week’s Business Journal ranking.
Tight Worker Supply Brings Creative Challenge
Orange County employment agencies had solid revenue gains last year while placing essentially the same number of workers—a sign, they say, of an uptick in demand to find new workers for clients in their bread-and-butter businesses.
ECONOMY: Edwards Lifesciences fills vacuum, claims top spot
The two biggest sales of locally based public companies in Orange County’s history brought an equally historic reduction to the rest of the field. The 100 entries that make up this year’s list of the largest public companies had a combined market capitalization of $98 billion as of March 31, down 53% from a year earlier.
Year of Corporate Tweaks; Advantage Remains No. 1
Orange County’s largest advertising agencies posted an estimated 12.8% gain in revenue last year, the second consecutive year the group has surpassed the $1 billion benchmark.
30 Biggest Combine to Stay About Even at $618M
The local printing industry isn’t dead, but it’s not growing either. That’s the takeaway from a review of Orange County’s 30 largest commercial printers, which combined for $617.7 million in sales last year, about the same as in 2014.
Special Issue: list will be centerpiece of June 20 edition
The Business Journal is preparing its annual list of privately owned companies for publication in June.
Investment Sales Help Push Up Total By 16%
Increased property sales volume, particularly for larger buildings and land sites, in addition to gains in leasing activity, resulted in another strong year for Orange County’s largest commercial brokerages.
5M SF of Buildings Added Over Past Two Years
Orange County’s largest commercial property managers’ local portfolios grew modestly over the past year as they made larger gains outside the area.
Slight Declines Seen In Jobs, Billings Flat
Orange County’s largest environmental consultants faced a tough landscape last year, with no big increase in government spending—a staple of the segment—and aftershocks from the difficulties in the energy sector.
43% Increase on Gains In Home, Commercial Work
Orange County’s largest title insurers’ business picked up last year, and they’re preparing for another active year in transaction volume and potential industry consolidation.
THE LIST: 3,000 workers here, 45,000 overall
The Business Journal’s inaugural list of food and beverage suppliers based in Orange County shows an industry that notched a 5% increase to more than $16 billion in revenue last year.
ECONOMY: 80 Take in $16B- Plus, Keep Employment Flat
The largest minority-owned businesses with headquarters in Orange County combined for just a little over $16 billion in revenue last year, up 9% over 2014’s number and the same percentage increase as last year’s.
New Community Count Now Picking Up Across OC
New-home sales in Orange County took a step back last year as two of the region’s three largest master-planned developments brought no new offerings on line until late in the year.
Orange County hospital and medical group executives say this year will be a busy one for them, with new outpatient centers, technology and changes in how they deliver healthcare. The Business Journal’s Vita Reed asked several local CEOs to share their plans as the year rolls out. Edited excerpts of their responses follow.
Plans Efficiencies, New Academic Programs, More
A new leader has taken the helm of UC Irvine Health, the University of California-Irvine’s healthcare enterprise, directly overseeing its academic work and with proximity and oversight of its clinical work, something he said is unique among the five UC campuses with extensive medical operations.
Biggest Combine to Reverse Previous Year’s 21% Decrease
Net patient revenue at Orange County’s 28 largest hospitals jumped significantly over the past 12 months while the centers posted a narrow pretax loss.
List of 86 Offices Includes Nine Newcomers
Partner ranks at Orange County law firms grew more in the past year while the number of overall attorneys and firm employees were flat.
Numbers for 43 Biggest Up About 16%, Ranks Shift
Orange County banks and thrifts increased local deposits 15.8% for a total of $96.9 billion in the year ended June 30.
36 Biggest Still Employ 27,000-Plus in County
The biggest foreign-owned companies with regional headquarters or significant operations in Orange County employ more than 27,000 here, about the same as a year earlier.
Slight Increase in Current Stock, Several Newcomers in Works
Meeting space is meeting space, right?
88 Biggest Serve More In OC, Up Volunteers 10%
Most of Orange County’s nonprofits should be pleased with the way 2015 turned out, based on the averages in the Business Journal’s annual list.
The top 33 shopping centers in Orange County notched a sixth straight year of growth in taxable sales, with an overall performance that suggests the local retail scene is hot heading into the crucial year-end holiday season.
The 40 largest auto dealers in Orange County combined for $5.3 billion in sales for the 12-month period that ended June 30, based on this week’s Business Journal list.
ECONOMY: 3.4% hike to 267,243 jobs; Disney keeps No. 1 spot
Orange County’s biggest employers grew their combined work force at the fastest rate in years.
Regulations, while they remain a common key challenge for all financial institutions, aren’t the only burden on bankers’ minds. There are other concerns that may be specific to a bank or credit union, including its size, customer base, and other factors. The Business Journal’s Jane Yu asked local bank and credit union executives to discuss their current concerns other than regulations. Their responses touch upon a variety of topics, ranging from data security and competition from online lenders to finding skilled talent and catering to younger generations. Here are edited excerpts of their responses:
20 Institutions Based Here See 38% Increase to $24.2 Billion
Orange County-based commercial banks have recorded the biggest year-over-year increase in assets in more than 10 years.
25 Biggest Combine For 8% Increase to $18 Billion
The biggest local credit unions have picked up the pace of growth, notching an 8% increase in combined assets to $18 billion.
Boost Employment Bases By 4%; None Drop Jobs
The largest chipmakers in Orange County added jobs in the past year amid a wave of industry consolidation that included four companies with local operations.
Revenue Up 41%, Local Hires Double Overall Economy
Orange County’s fastest-growing public companies got faster this year.
Industry Watchers Speculate It Could Be Ripe for Consolidation Trend
Improving fortunes in the housing market and a disciplined operating plan have provided a boost to the fortunes of William Lyon Homes Inc. during its return to the public markets.
Banc of California Focuses on Service In SoCal for 176% Revenue Growth
Fast growth continues for Banc of California Inc.