OCBJ WEEKLY EDITION

Prologis Inks Pair of Big Leases in Fullerton

REAL ESTATE: Beckman Center nearing full occupancy

Prologis Inc., the country’s largest owner of warehouse and distribution properties, has leased two of the three large, newly built buildings it owns at Beckman Business Center, with those deals topping half a million square feet of space.

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Irvine Creative Office Moves Ahead

REAL ESTATE: 270K-SF project along Barranca

Add plans for a sizeable new creative office project to Irvine’s busy development docket.

CalAmp Taps Silicon Valley’s Diamond to Aid Software Push

Software as a Service Priority for Vehicle Tracker

CalAmp Corp. Chief Executive Michael Burdiek says he’s found just the right person to help lead the vehicle-tracking and management company further from hardware and more into the software realm with the appointment of Silicon Valley veteran Arym Diamond as chief revenue officer.

Sunpin Solar Heats Up With Major Power Projects

UCI Heads to Desert For First-Hand Look

Irvine-based Sunpin Solar is looking toward some major projects for the future, and recently gave a desert project tour to a group of University of California-Irvine professors and graduate students.

Injecting Cool at Retail

LAB Holding, at nearly 30, remains the purveyor of craft retail

Shaheen Sadeghi, in development

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Beacon Pointe Plans To Triple Offices

FINANCE: Boston PE firm makes investment

Eusey lands Abry; now to growth

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New Rutan MP Protects Past, Preps Opportunity

LAW: Frazier says intention keys future

Mark Frazier means it

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Eyes on Mazzo After Departure from Zeiss

HEALTHCARE: Hints at new venture in works

Next act coming for eyecare exec

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OC’s Tech Scene Feels Virus’ Impact

TECHNOLOGY: Events canceled, earnings lowered

COVID-19 hammers guidance, conferences

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Firms Grow: New Players, Practices; OC M&A

Orrick, McCune, Crowell, Troutman, K&L Ramp It

Several law firms with OC presences are growing their area operations noticeably—by different metrics and in varied ways.

Q & A

Legal Trends, Law Firm Changes

Editor’s Note: The Business Journal asked OC attorneys across various business areas about key trends and issues, client needs, and what moves law firms are making in 2020. Individual edited responses keyed to those areas follow over several pages.

Law Firms Flat Overall, Volatile One-By-One

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.

AI Used in UCI Law School Tax Courses

Blue J Program Helps Analyze Outcomes

University of California-Irvine School of Law has begun to teach budding attorneys how artificial intelligence can help analyze outcomes of thorny tax cases.

OC LEADER BOARD

Force Majeure or Mineur?

Being an economist isn’t easy these days.

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Back to OC Buying for Buchanan Street Partners

Newport Beach Offices Part of Deal Activity

Buchanan Street Partners has had a busy start to the year, with transactions including the company’s first Orange County acquisition in six years.

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Harbor Lists Santa Ana Office Next to Xerox Centre

2020 East Marketed As Owner-User Opportunity

Harbor Associates LLC, a Long Beach-based real estate investor that does much of its work in Orange County, is looking to sell one of its larger local properties.

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As Taps Revamps, Consulting Biz Emerges

Tech, Social Media Helps Firm, Others

Manzella Restaurant Group, now 20 years into doing business, is ready to turn the page on the next part of its story.

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STARTUPS & INNOVATIONS

Irvine-based Stem Audio has created a line of new audio products for conference rooms.

Business Journal Postpones Upcoming Award Events

Excellence in Entrepreneurship, Women in Business Being Rescheduled

The Business Journal is postponing its next two signature events, following new recommendations from California public health officials to limit large public gatherings.

NowRX Raises $10M; Same-Day Delivery

New Irvine Office Runs 4,500 SF

NowRX raised over $10 million last month from small investors using SeedInvest to help with its expansion in Southern California, including its Irvine office.

NeuroVasc’s $34M Funding China-Backed

Clot-Retrieval Device Moves to Trials

Irvine-based NeuroVasc Technologies Inc. raised $34 million from China-based Wego Group to support the company’s global clinical trial program for ischemic stroke.

OCBJ INSIDER

Financial Health

What a difference a week makes.

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Luckey’s Anduril Hints About Future Directions

TECHNOLOGY: Space, hyper-fast planes in the offing?

The other 5G; VTOL

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CSUF Kicks Off $200M Campaign

EDUCATION: Seeks capital to boost sciences, arts, biz

2025 target

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Irvine’s Tyvak Developing Advanced Radar Satellite

Partners with PredaSAR; Aims for 2021 Launch

Tyvak Nano-Satellite Systems of Irvine is building two advanced radar satellites able to see through clouds and darkness.

Anaheim Debut For Reading Assistance Device

OrCam Read Aimed At Dyslexia, Reading Difficulties

OrCam Read, a hand-held device that translates texts into voice for people with dyslexia as well as reading difficulties and fatigue, launched at the CSUN Assistive Technology Conference in Anaheim last week.

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Listing Noise on Quiet Collins Island

1st Home for Sale in 5 Years; Asking $10M

One of only eight homes on the Balboa Island community of Collins Island in Newport Beach has hit the market.

2020 Sales Start; A Quick Recap

$60M For Top 3 Homes

Brokers have pointed to a resurgence in activity for luxury homes in 2020, and that’s evidenced by the top three home sales to trade thus far this year.

A Hub of VTOL Innovation

Palmer Luckey’s apparent interest in VTOL technology wouldn’t make his Anduril Industries Inc. the first in Orange County to tackle vertical take-off and landing technologies and applications.

Orange County’s Top Home Sales of the Year

Cumulative Volume Falls 7%; Buyers Demand New Product

Down 7%, still tops $465M

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Masimo Aims for $1B in Sales for 2020

DEVICES: Battling opioids; coronavirus may boost sales

Opioids, coronavirus open new areas

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Virus Concerns Felt At Key Anaheim Event

TOURISM: No. 2 ACC event on hold; stock hits

Coronavirus vs. tourism

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Alignment Healthcare Nabs $135M Series C

FINANCE: Reaffirms $1B goal, expansion plans

Funding from Fidelity, T. Rowe Price, Durable Capital

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OCBJ INSIDER

Non-Canceled Gatherings

Julia Argyros turns 20

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CRE Blockbuster Deals Down 19%

Nervous Buyers, Overly Optimistic Sellers

A cautious buyer pool contributed to a drop-off in commercial real estate sales activity in Orange County last year.

All Leased Up

Full-Building Office, Industrial Leases Increasingly Common

The motto for companies looking for space in Orange County last year?

Collection of Retail Centers Sell for Nearly $300M

REAL ESTATE: Blackstone affiliate buys six OC sites

ShopCore Properties, a retail arm of private equity giant Blackstone Group Inc. that owns and operates small and midsized shopping centers, has bought a collection of six retail properties across Orange County, in deals that collectively approach $300 million.

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