Cybersecurity leader Cylance gets an offer it can’t refuse; Aliso Viejo lures device-maker Glaukos to new and bigger digs; Orange-based Allied Universal could be readying a big IPO for 2019.
OC’s chapter of the Association of Fundraising Professionals honored nine of the county's outstanding givers at the annual National Philanthropy Day luncheon Thursday before a crowd of 700 at City National Grove in Anaheim—part of a day of recognition, nationwide.
Paul Musco Built Gemini Industries Into Powerhouse; Now He Uses Profits to Spread Love of Arts
On a Monday evening in early October, Sebastian Paul Musco spent a few hours doing what he loves—watching his friend Plácido Domingo perform at his award-winning Musco Center for the Performing Arts at Chapman University.
TECHNOLOGY: Year two of UCI partnership
Trace3 Inc. Chief Executive Tyler Beecher is betting his company can turn CTOs into CEOs.
Props to Chris Casacchia, Research Director Meghan Kliewer and former Editorial Asst. Rebecca Mondon for weeks of work developing our page 1 feature on female representation on public company boards.
ECONOMY: Job growth here will slow, but ‘let’s enjoy the sun’
Tough week to deliver a rosy economic forecast. The global equities markets were pounded by more than 10%, and earnings season here disappointed (see Q3 bank story, this page).
Even an 86-year-old food company can boost sales double digits, and this one’s got plenty of younger company too in our annual review of fastest-growing public companies.
MANUFACTURING: Growth grinds against headwinds
Orange County manufacturers continue to defy expectations and plan to expand output, if not payrolls.
Anil Puri’s CSUF survey asked execs to rank the threats to the economy: No. 1 was polarization of our politics.
How owners of The Hive creative office complex in Costa Mesa turned a sweet profit in three short years—the Los Angeles Chargers and Kobe Inc. are housed at Hive.
BANKING: Family office’s newest office fastest growing
Whittier Trust Co. began life as just a family office, the family was the Whittiers.
Two things I expect at events like National Philanthropy Day, Wooden Floor’s Step Beyond Breakfast or our own Civic 50 OC luncheon: I’ll leave feeling better than when I came, and I’ll get my headline from Antis Roofing & Waterproofing founder and CEO Charles Antis (see above).
INNOVATION: Like Uber for medical uses
Vanessa Benavides-Lemos was in the backseat of an Uber at 2 a.m., going home from her job as a nurse when she received a call from her boss asking her to work another shift.
Giving Works in Many Ways—Witness These
Young Carson Kropfl recently spoke at my Chapman University journalism class. You may know Carson; when the San Clemente resident was 11, he created and later patented a nonfolding skateboard that fits into a school locker and snugly into a backpack—a good enough market and message that Richard Branson had to outbid Mark Cuban on “Shark Tank” to buy 20% of Carson’s company, Locker Board.
FINANCE: Urovant broke the slump; will others follow?
There are several ways to parse the paltry number of Orange County companies going public this year, a total of three initial public offerings reaping relatively meager proceeds of about $210 million combined.
You’ve avoided Newport Center Drive if you haven’t seen the influx of Big Finance that serves the swelling ranks of wealth here—from legacy to first-gen—and also serves our thriving middle-market businesses.
With a half nod to Yankee Aaron Judge in this MLB Playoff season, the Irvine Company unveils new Mid Rise product at The Quad in the Spectrum.
ECONOMY: Sales hopes, hiring plans fall in survey
Orange County executives expect the regional expansion to keep on trucking in the fourth quarter, according to California State University-Fullerton’s Orange County Business Expectations Survey.
Our most valuable company, Edwards Lifesciences Corp., threw a “60 years of Discovery” event Tuesday night.
We spotlight our 2018 honorees for Innovator of the Year including mortgage-fintech Cloudvirga, Tustin’s 11 Health where founder and bowel-transplant recipient and cancer survivor Michael Seres, spurred on by his own experience, merged data and communications technology to improve the lives of fellow ostomy patients.
RESTAURANTS: Cavanaugh has new ideas, new partner
In recent weeks Doug Cavanaugh knew he was headed to bankruptcy court with the restaurant chain he founded, Newport Beach-based Ruby’s Diners Inc.
Thursday was a good day for boosters of the OC startup-growth ecosystem; UCI Applied Innovation CEO Richard Sudek told the luncheon crowd at our 4th annual Innovator of the Year Awards at Hotel Irvine, that The Cove has grown from 15,000 sq. ft. to 100,000 sq. ft. in four years and now hosts 750 annual events in support of the entrepreneurial sector.
Sports complex is ‘in the can’ at the OC Great Park
On a clear day, one can see an awful lot going on at the Orange County Great Park in Irvine.
Our special report on architecture and engineering highlights the latest trends, the best of the best. Ingram Micro is on the sales block once more and Ruby’s Diner 2.0.
Others Reinvented Themselves in the Roundup of Fastest-Growing Private Cos.
The Business Journal’s 2016 and 2017 lists of fastest-growing privately held firms sported a statistical anomaly.
NONPROFITS: Nicole Suydam goes home to Goodwill of OC
John Bon Jovi once said, “Who says you can’t go home?” Well how about twice?
This past spring, the top spot at Goodwill of Orange County opened. That’s the Yankee manager job of nonprofits—top spot at the top charity, tops 1,500 employees, nearly $125 million annual revenue, over 22,000 folks helped each year—veterans, disabled—to become self-sufficient and join the workforce, always a good thing.
The return of Jimmy P, the new breed of VC in Costa Mesa and after a six-month search see who landed the top job at the top nonprofit in the county.
In Anaheim, WAR once stood for Westin Anaheim Resort … now it describes the acrimony over $4 billion in development in the resort area. Disney just extended an “olive branch,” and the city took it, ending two tax goodies for the resort operator—the 70% rebate of the TOT—transient occupancy tax—for four-diamond hotels, and a promise not to impose a new ticket tax on the theme park
The $60 million “mom-and-pop” shop in Lake Forest isn’t your dad’s mom-and-pop ... for one thing, these hackers wear white hats.
This week our first special report on the booming coworking sector—yes booming here, not just elsewhere. WeWork has two OC locations, rumored to be looking for a third—Bascom Group-owned Premier Business Centers leads with over 20, list p. 13.
It’s more than WeWork—a look at the fast-growing community of shared space in Orange County: nearly 70 locations and 25 separate operators.
In 2008 Dallas Cowboys owner Jerry Jones was pouring $1.3 billion into “Jerry World,” his state-of-the-art stadium, right in the teeth of the Great Recession. Some called it the oilman giving the finger to the GR.
FINANCE: He scores ‘30-bagger’ investing in BodyArmor drink
It’s early, but Kobe Inc. could end up making folks forget about Kobe Hall of Fame.
“We’re growing our business, Orange County is a tremendous opportunity,” David Wolf said. Accenture PLC’s West Coast boss is looking for new local digs to support his expansion plans.
CEO: ‘I Think We’re a Juggernaut’
The merger of Irvine-based Trace3 and Data Strategy LLC in Grand Rapids, Mich. has created a formidable IT services provider with revenue surpassing $1.1 billion.
While the region’s food scene has never been more vibrant, it’s been a tough year for lovers of great food writing in the Southland.
Hayes Drumwright started the Irvine-IT firm Trace3 with $100 back in 2002. It’s grown a little. Find out how Trace3 just became the newest member of OC’s $1B Club.
In this issue Peter J. Brennan’s visit with PAAMCO’s Jane Buchan—going back to her roots not only in investing, but also track and field.
Jazz Semiconductor’s operations in Newport Beach aren’t music to the ears of its landlord—we’ll tell you why. ...
Our 18th annual special report on the wealthiest in Orange County again has the same man at the top – Donald Bren – but it also showcases new members, a higher starting point and surprising stories.
Talking to Bob Cluck, 30-year Chairman of Newport beach-based Canterbury Consulting Inc. Cluck’s family office manages $18.5B. He knows wealth.
MANUFACTURING: Labor shortage, high costs, lower index
For the 37th straight quarter, Orange County manufacturers plan to expand output, according to Chapman University’s A. Gary Anderson research Center’s quarterly survey of purchasing managers.
Our registry in 2018 has a raised floor of $500 million and seven new entrants. Find out who moved into the neighborhood.
PHILANTHROPY: Saving the native fish is personal
Al Baldwin and George Argyros share much in common.
Enjoy our annual Best Places to Work issue—lists and features on top two in small, medium and large groups.
Record $673M in 23 Deals Reverses Trend
Venture capital came to Orange County in the second quarter.
Wrote last week of the paltry IPO numbers this year … two skinny debuts … and VC funding since 2016, save Dallas-Ft. Worth, weakest of 11 Metro regions …