OCBJ WEEKLY EDITION

Phocas Aims to Speed Up Budgeting, Forecasting

Phocas accelerating growth in America and the United Kingdom to focus on expansion and products

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Samueli Family Buys Again in Anaheim

$18M for Phoenix Club; Just North of Honda Center

ocVIBE construction begins 2023 while the list of acquisitions grows

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Soul Community Planet Closes on Hilo Hotel

More Buys Expected With $210M Fund

More acquisitions are planned for 2021 after the Hilo Hotel purchase

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STARTUPS & INNOVATIONS

Irvine-based Cohere, a software platform for customer-facing employees, recently closed a $3.1 million seed round of financing led by Initialized Capital.

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Consolidation Boosts OC E-Comm Landscape

Branded Online Rebrands; Changes Name to Nogin

Rebranding also comes with new service focuses for e-commerce and AI

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Chipotle, Taco Bell Parent Invest in Tech

Builds on Digital Sales Momentum

New tech investments include automated robots and artificial intelligence

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New President for Irvine’s Advanced Sterilization Products

Barry Brings Experience In Healthcare, Software

Advanced Sterilization Products last week named Aisha Barry its president.

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UCI Nabs $500K Grant For COVID Data Collab

Effort Spans Five UC Health Centers

Collaborative initiative will help accumulate data for long-term medical considerations

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Employment Agencies Report 7.3% Revenue Drop

ECONOMY: Industry continues being sluggish

The industry saw a major upheaval amid the pandemic but job availability is rising again

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OC LEADER BOARD

Achieving Zero Preventable Deaths: CHOC’s Journey

A key component of clinical excellence is often the hospital’s level of commitment to a culture of safety and transparency.

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OCBJ INSIDER

Banks and Books

Acquisitions and talks of an IPO have companies focused on growth and expansion

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Harbor Associates Goes Big in Aliso Viejo

REAL ESTATE: $92M buy tops for OC offices this year

New acquisition strategy shifts away from high-rise projects to prioritize suburban areas

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NextGen Moves HQ to Atlanta

HEALTHCARE: Irvine offices up for sublease

Pandemic related restructuring led to multiple office vacancies as Atlanta becomes new home

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Industrious Grabs Ex-WeWork Spot in Newport Beach

COWORKING: 53K-SF location at 100 Bayview

Management model credited for Industriouus' expansion during the pandemic

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Bally’s Corp. Ups Ante For World Poker Tour

Hold 'Em or Fold 'Em For Rival Element Partners?

The struggle for the ownership of the World Poker Tour (WPT) may be heading into its final hand.

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Gaming Products Maker Razer Going All-Green

Irvine Firm Aims For 2030 Carbon Neutral Goal

Green initiative was a focus pre-pandemic, success now leads to a bigger commitment for Razer

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Buchanan Street Partners Buys in Fountain Valley

Retail Acquisition For Newport Beach Investor

Acquisition is just one of many as Buchanan plans on deploying up to $500 million over the next 5 years

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Sunstone Hotel Investors Tweaks Board, Exec Team

Stock Rebounds; Near Pre-Pandemic Price

Sunstone slimmed-down assets in recent years, looking for long-term opportunities

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Inspire Diagnostics Champions Return to Sports

Provides COVID Testing For High School Teams

Partnership with Black and Veatch provides more capabilities for mobility and services

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Record Ritz Cove Homesite Sale

$14.3M Deal For Land in Dana Point

Activity in The Strand community higher than average in the wake of the pandemic

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STARTUPS & INNOVATIONS

AcuFocus Inc. of Irvine is preparing to launch its small aperture intraocular lens for the treatment of cataract in the U.S.

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Ad Agencies See 2021 Business Picking Up

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.

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Del Taco's Next Course

Chain Went Big on Digital, Drive-Thru in 2020; This Year Brings a Revamp in Restaurant Design

Fresh Flex redesign looks to put more emphasis on drive-thru and pick-up orders

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Vizio CEO: ‘Amazing Journey’ Carries On

MEDIA: IPO values TV maker at about $4B

Second public offering sees success as Vizio boasts capabilities beyond making televisions

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OC LEADER BOARD

Silicon Valley Can Help, But Not Solve Healthcare

A proposed partnership would see benefits for the Healthcare Industry, Silicon Valley and the public

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TECHNOLOGY: More Broadcom ties for 5G wireless firm

Various potential futures considered for Morandi, staying private is not one of them

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Banc of California To Buy Pacific Mercantile

FINANCE: $235M deal shows return to growth

Acquisition holds optimism as Banc of California enters a new stage of growth

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Oscar Nods for Work Shot on Red Digital

Cameras Remain In Use in Hollywood

Movies shot on Red Digital Cinema Camera LLC cameras have earned Oscar nominations.

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Xponential Boosts Digital Features With Apple Watch

Tech Used By Large Swath of Membership

Portfolio of eight fitness brands brings new digital offerings to watch owners

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OCBJ INSIDER

Corporate Reinventions

Companies are making big moves while focusing on a post-pandemic landscape

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Charged Up

Super73 Builds a New E-Biking Community

Rise in popularity for the lifestyle e-bike brand as pandemic boosts sales and brand awareness

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Nano Banc Agrees to More Fed Oversight

FINANCE: Fast grower to slow CRE lending

Federal Reserve's request connected to the company's commercial real estate lending business

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Anduril Pushes Further Into Military Work

DEFENSE: Palantir subcontract, hires Pentagon expert Mears

Palmer Luckey’s Anduril Industries in Irvine is striking notable new deals and looks towards improving the capabilities of the Department of Defense.

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Birtcher Anderson Combines With Davis

Real Estate: Targeting industrial, closing on deals

Deal was two years in the making, newly combined business expected to make physical acquisitions across the country

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UCI Law Searches For Third Dean

EDUCATION: Richardson to Colorado College

L. Song Richardson’s tenure as dean of the University of California, Irvine School of Law, is coming to an end after three years.

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Dana Point Harbor Plan Moves Ahead

DEVELOPMENT: $330M project nears construction

Five-year development plan will see updates to the harbor, facilities and rearrange areas of public access.

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Rutan Lightens Load in Move to Irvine

Less Files, More Efficiency at Boardwalk

Working from home and digital assets helped in the move to newly built space

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