OCBJ WEEKLY EDITION

Roth Capital Offshoot Plans $75M IPO

FINANCE: Tech, healthcare companies targeted

Byron Roth, chief executive of Roth Capital Partners, Orange County’s largest investment banking firm, has more to look forward to this month than just his firm’s highly anticipated annual investor conference.

Tease photo

Simon and Sun Foundations Join Forces

EDUCATION: $1.75M pledged; 190 scholarships offered annually

The families of two of Orange County more prominent business executives and philanthropists are joining together, to advance educational opportunities and the well-being of the area’s underserved communities.

Tease photo

More Local Tech, Innovation Funding for 2020 Projected

JLL Sees OC Investment Despite Coronavirus

Scott Wetzel, senior vice president at the Irvine office of commercial real estate brokerage firm JLL, sees a continuation of the investments that brought in almost $1 billion of funding for tech, medical sciences and other innovative companies in Orange County since late 2018.

What Fresh Hell! Diablo IV on Local Hiring Spree

Obsidian Entertainment Also Seeks New Talent

Blizzard Entertainment Inc., the largest software company in Orange County by employee headcount, is busy hiring in Irvine for its long-awaited Diablo IV online role-playing game.

Tiffany & Co. to Reveal New SCP Space in Fall

Location Places It Closer to Carousel Court

Looks like Tiffany & Co. (NYSE: TIF) will soon have a new, larger home at South Coast Plaza.

Trade Pubs Added To Green Street’s Fold

Four Titles Cover Real Estate, Finance Industries

The first-ever acquisition for Green Street Advisors places it in the news business as it seeks to grow under a new owner.

OBCJ Calendar

March 9-19, 2020

This week's business and other event listings.

OC LEADER BOARD

Growing Talent and a Better Jobs Strategy for OC

What if more companies searched for young business talent the way colleges and pro teams search for promising athletes? In many sports, talent is identified in high school and sometimes as early as grade school.

R.D. Olson Breaks Ground on Apartment, Hotel Project

Largest Commercial Project For Westminster in Years

R.D. Olson Construction has begun work on a mixed-use project described as a “social hub and cultural landmark” in Westminster’s Little Saigon district.

Cadigan Adds to Central OC Rental Portfolio

$41M for 116-unit Terra at Tustin

One of Orange County’s top apartment investors is bolstering his portfolio in Tustin.

Viseon Secures $18M Series B For Commercialization Efforts

Cites Positive Response To New Spine TV Device

Irvine-based Viseon Inc., an orthopedic spine technology company, has secured $18 million in Series B funding to bring its product into full commercialization.

MRI Interventions Changes Name

Says ClearPoint Neuro Reflects Evolution

Irvine-based ClearPoint Neuro Inc. has changed its name from MRI Interventions and has a Nasdaq ticker symbol “CLPT.”

STARTUPS & INNOVATIONS

Irvine-based telecommunications firm Shoelace Wireless is working with Facebook Connectivity and others to improve cellular network capacity and coverage as part of the Wi-Fi group of the Telecom Infra Project (TIP).

Philanthropy

The seventh annual Illumination Foundation OC Chef’s Table took place on Sunday, March 1, in a setting that could only be described as magical—the Disneyland Resort.

South Coast Plaza Returns

Menu, Marketing Drive Success for Amar Santana and Ahmed Labbate

Santana, Labbate back home

Tease photo

Mountain Mike’s Pizza Scales New Heights

RESTAURANTS: Wants 350 units in three years

Pizza me!

Tease photo

Inari Aims to be First OC IPO in 2020

DEVICES: 2019 revenue jumps sevenfold; loss erased

2019 revenue: $51M

Tease photo

Fullerton Metrocenter Sale Planned Soon

RETAIL: $55M ground lease deal paves way

443K-SF retail layout; $80M annual taxable sales

Tease photo

OCBJ INSIDER

Tennis, Anywhere?

Palisades Tennis Club break point

Tease photo

Shofner’s Franco-Gaelic Cuisine Lands, Lauded in OC

Lido, by Way of Laguna, Dublin, Irvine, France

How does a chef make it in OC’s crowded and competitive culinary landscape?

OC LEADER BOARD

What Restaurants Can Learn From Grocery Stores About Wasted Foods

Editor’s Note: In 1995, Harald Herrmann helped launch the flagship Yard House, which was bought by Darden Restaurants Inc. where he became president of its Specialty Group (Seasons 52, Capital Grille and others).

Life Time’s OC Focus: Rapid Fitness Growth

RETAIL: Gyms now; office, residential later?

Life Time Inc. is helping to pump up Orange County’s retail market.

Tease photo

Xumo Bought By Comcast for $100M+

MEDIA: Streaming service, ad-backed

Xumo TV, the Irvine-based video streaming service started by brothers Tim, Chris and Russ Vanderhook, is now owned by broadcasting and cable television giant Comcast Corp. (Nasdaq: CMCSA) after a deal reportedly worth more than $100 million.

Tease photo

Hoag Orthopedic Institute Grows in LA

HOSPITALS: Buys Marina del Rey facility

The expansion push of Irvine’s Hoag Orthopedic Institute, the state’s largest volume provider of joint replacements for each of the past seven years, has made its way to Los Angeles County.

Tease photo

Wanted: Best Places to Work for OCBJ’s 2020 List

CALL FOR ENTRIES: Website to take entries through March 6

Is your workplace great?

EV Car Battery Maker Enevate Sees Tool Niche

Fast-Charging Drills; Operates in Cold Temps

Irvine-based Enevate Corp. plans to start marketing its lithium-ion battery technology to makers of power tools such as drills and hedge trimmers in the short term, as it might take a few years before the company’s fast-charging battery process is incorporated into electric vehicles.

Spireon’s Service Reminders For Your Car, Via Phone

Helps Dealerships Better Handle Customer Needs

Never miss a maintenance and service check for your car: vehicle intelligence company Spireon of Irvine is ready to help keep your appointments on track.

Modulim Seeks $15M Series C

Says Ulcer Detector Ready for Market

Irvine-based Modulim says it is on the cusp of changing the lives of diabetic patients.

OC’s Fitness Cluster

Life Time Inc. is bolstering its local presence in a market that many national fitness chains call home.

Hotel Dreams in Vegas for Shopoff Realty

$250M+ Project; Partnering with Contour

Shopoff Realty Investments is quickly expanding into the hospitality sector, both in and out of Orange County.

Los Alamitos Federal Building Eyed for Sale

Not Just Ziggurat Being Considered

As the federal government considers the sale of a dozen properties across the country, it’s not just the massive Chet Holifield Federal Building in Laguna Niguel that’s being considered in Orange County.

Advantage Solutions Makes $1.1B in Financing Moves

Marketing Conglomerate Seeks New Capital Raise

Irvine-based Advantage Solutions Inc. is trying another tack at raising capital, after going quiet about plans for an initial public offering in 2017.

Hyundai Unveils New Online Look

Site Boasts Real-Time Inventory, Product Filtering

Hyundai Motor America Inc. hit the easy button on its website refresh.

STARTUPS & INNOVATIONS

Cicero Diagnostics Inc. in Huntington Beach recently received a $1 million Phase II Small Business Innovation Research Fast Track grant from the National Institutes of Health.

China, Coronavirus Worries for Biggest Chipmakers

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.

Dana Point: Surf, Sand and The Strand

30 Luxe Homes Under Construction

It’s not just commercial efforts driving development in Dana Point.

OCBJ Calendar

March 2-19, 2020

This week's business and other event listings.