Peter J. Brennan

Executive Editor

Email: brennan@ocbj.com
Phone: 949-833-8373 Extension: 229

Recent Stories

Stephen Gordon Raises $57M for new Genesis Bank

Says largest-ever de novo bank capitalization in OC

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Tu-Backed Fluxergy Seeks Series B Funding

Still Waits on US OK For 1-Hour COVID Test

Product currently awaiting emergency use authorization from the FDA; expects global use for next few years

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Wealthiest Refocus, Find New Interests

FINANCE: Families, outdoors, relocations

Orange County’s wealthiest have softened their hard charging views in the past 18 months

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STARTUPS & INNOVATIONS

BioPhotas, a maker of therapeutic LED light therapy devices, announced a major product line extension

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Business Council's Lucy Dunn to Retire

Plans to leave after 16 years as CEO

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Midday Stock Roundup

Chipotle jumps on Q2 beat; Vizio inks world's most viewed YouTube channel

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Second Harvest Food Bank CEO Departs

Harald Herrmann says joining PE transaction

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Family-Owned Business Winners Adapt, Expand

Drive-Thrus, Booze, EVs Make for a Winning Year

The Business Journal is scheduled to present the annual Family-Owned Business Awards on Aug. 26 at the Irvine Marriott

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OC Unemployment Rises to 6.4% in June

County still reports 8,600 jobs gain led by hospitality

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Cox Names New Regional Boss

Hentschel replaces Attisha, who moves to national team

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Midday Stock Roundup

Glaukos falls 21% on Medicare's proposed fees; Kura Sushi climbs on Q3 revenue beat

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Broadcom May Buy SAS: WSJ

Deal valued around $15b-$20b

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Smart Strategy

SmartFinancial Wants Insurance to Be Easy, Employees to Be Happy

Plans for 300 staff members by the end of the year as the potential for an IPO rises

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Midday Stock Roundup

Avid Bioservices jumps after reporting new orders, backlog

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Shopoff Sells Riverside Quarry for $23M

Says buyer to focus on mining opportunities

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Staffing Company Sells for $30M

SERVICES: West Coast hub for Cross Country

Potential for future acquisitions as Foothill Ranch location will be the new headquarters of West Coast operations

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Griffin-American REITs to Merge, Buy American Healthcare

Transactions to create healthcare REIT with $4.2b investments

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Midday Stock Roundup

Vizio, Staar Rise

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Largest Consulting Firms Report 3.7% Local Decline

See Overall Drop In Local Employment

Orange County’s largest management consulting firms saw a slowdown in the past year

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New OC Chief for Deloitte

Solomon Heads OC’s Largest Accountancy

Marshall Solomon, who received a bachelor’s degree in history, finds himself this year as the head of the largest accounting firm based in Orange County

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Accounting Firms Post 1st Employee Decline in Decade

Number of Partners, CPAs Increase

Decrease in employment numbers influenced by pandemic and by companies who are focused on acquisitions within the Orange County economy

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VC Fund Seeks Software Cos. Ready to Scale

FINANCE: Ankona aims for $5M+ in SAAS firms

Upstart venture capital firm is headed by notable Orange County tech entrepreneurs, backed by other wealthy area investors

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Midday Stock Roundup

Vizio, Del Taco decline

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Service Champions’ Gold Service

‘World’s Friendliest Technicians’ Push Brea Firm Towards $500M Mark and Beyond

Success attributed to personable technicians and quality service, hopes for annual sales to reach $1 billion

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Largest Private Companies Report Modest Gains

ECONOMY: $78B for top 35 area businesses

The results of the coronavirus on Orange County’s biggest private companies are in: while many certainly did not thrive, most did not fall apart in 2020.

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Midday Stock Roundup

Viant drops 13%; loanDepot up

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Acorns Grows Fast, To $2.2B Valuation

FINTECH: Going public through SPAC

Various membership tiers helps maintain more than 4 million subscribers, a number that Wall Street investors will consider

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Mitsubishi Electric US Taps Corbo as CEO

1st non-Japanese in CEO role

Joined the firm in 1986, Corbo has worked his way up Mitsubishi Electric US over the years

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Midday Stock Roundup

Clean Energy jumps 15%; Alignment Healthcare falls

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First Foundation Buys Florida Bank

Pays $295M to add $2.3B in assets

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OC’s Broker-Dealers Report Sluggish Year

Registered Reps Rise Less than 1%

The traditional broker-dealer had a less than stellar year in Orange County in terms of growth among their representatives

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Orange County’s RIAs Continue to Grow

Popularity Soars As Assets Double

30 of the biggest registered independent advisers with offices in Orange County doubled their companywide discretionary assets under management to $403.9 billion from the same period three years ago

Wells Fargo Wealth Exec Rides New Wave

After Reorg, Altshuler Leads 1,400 Employees

If there is one thing a financial adviser needs, it’s grit, according to Dave Altshuler

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Carrick Leads DailyPay $175M Investment

FINANCE: Madden sees payday lending revolution

Payday lending will never be the same if Jim Madden’s investment sense proves right

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PIMCO Foundation Invests $10 Million in Food Bank

Largest donation ever to support Global FoodBanking Network

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Acorns to go Public: WSJ

Values Irvine fintech at $2.2B

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Midday Stock Roundup

Clean Energy Fuels, loanDepot rise on low volume

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Steve Jones: Strength In Numbers

Security Giant Not Stopping After $5.1B Buy

Future Allied plans intend on emulating business model around the world

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OC Unemployment Dips to 6.2% in April

Gains 23,800 jobs, mostly in leisure, hospitality

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Midday Stock Roundup

Staar Surgical, loanDepot rise while market indexes drop

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Nature Care Buys 2 More Companies

Says rolling up companies in gardening space

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Service Champions Acquires Arizona Firm

Says Hobaica Buy Continues Aggressive Growth Strategy

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Midday Stock Roundup

Tarsus up, Vizio down after reporting Q1 results

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Next Act For OC Arts

Performing Arts Plots Return After Long Intermission

Art institutions around Orange County are preparing for their next opening night

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Midday Stock Roundup

Alteryx rises on better than expected Q1 results

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Quarter-Trillion Dollar Club

OC’s Top Public Companies Overcome Pandemic, Outpace National Market Gains

Orange County’s publicly traded companies had not just a great 12-month run on Wall Street, but one for the ages.

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SBA Loans Jump 63% as Average Size Gets Larger

FINANCE: $207M for top 15 lenders in OC

Loans under the Small Business Administration to local borrowers soared 63% to $206.6 million on the Business Journal’s annual list of lenders.

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Midday Stock Roundup

Clean Energy, Oncocyte both top 4% gains

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Montage International Sees Booking Uptick

2021 booking are increasing along with unannounced projects coming later this year

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Pinner Pivots in Trying Year

Successful pandemic pivot helps Pinner achieve $180 million in sales during 2020

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