Peter J. Brennan

Executive Editor

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

Recent Stories

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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Pinner Pivots in Trying Year

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

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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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KPRS Adapts to COVID Curveball

2021 revenue is predicted to be higher with a focus on post-pandemic projects

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Alignment Healthcare IPO Raises $490M

FINANCE: Insurance upstart’s market cap tops $4B

Wall Street rebound increased shares by 30%, boosting Alignment to higher ranks in Orange County

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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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Midday Stock Roundup

Evolus, Oncocyte surge

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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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Alignment Healthcare Goes Public

Opens at $3.4B Value; trading down 3.9% on 1st day

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OC Unemployment Drops to 6.8% in February

Leisure, Professional Services lead gains

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Midday Stock Roundup

Ducommun rises on upgrade; Evolus continues tear before Q4 results

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Newport Beach Waives Business Tax for COVID Affected

Companies closed by state order given exemption

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Allied Universal Hires Brandt as CFO

Former Deloitte OC Boss Joins Security Firm

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Banc of California to Buy Pacific Mercantile

Pays $235 million in all-stock deal; PMBC shares up 24%

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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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Midday Stock Roundup

Allied Esports rises on Bally proposal; Oncocyte falls after Q4 results

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Insurer Alignment Healthcare Plans IPO

HEALTHCARE: Nears $1B; senior care focus

Focus on technology and efficiency are contributing to Alignment's growth in 22 markets

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OC Loses 51,000 Jobs in January

Leisure sector suffers biggest drop; unemployment rate unchanged

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Midday Stock Roundup

Inari, Clean Energy soar on reports

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RHA Envisions Restaurant ‘Beacon’ Near JWA

ARCHITECTURE: Quartet of spots built; patios abound

The McCormick & Schmick’s restaurant and brewery stood like a fortress for more than 20 years at the corner of Main Street and Gillette Avenue in Irvine

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CoStar Withdraws Bid for CoreLogic

Cites rising interest rates to negatively impact mortgage industry

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Allied Universal CFO Departs for Reddit

Drew Vollero leaves before GS4 Deal Completed

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CoreLogic Says CoStar Offer Not Good Enough

CEO Martell suggests all-cash offer possible

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Irvine’s CalFirst Sold

Don Griffin to build community business bank

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Alignment Healthcare Files IPO

Promises revolutionary next-generation platform for Seniors

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Carrick Buys Majority Stake in Kidney Firm

Says Renalogic can reduce costs for kidney disease

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CoreLogic Says Studying CoStar Offer

Says older $80-shr offer `remains in full force’

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Foothill Ranch’s loanDepot Launches IPO

MORTGAGES: Wall Street sends mixed signals

Anthony Hsieh finally pulled the trigger on going public.

Harvey Helps Buyers ‘Shake the Trees’

FINANCE: Advisory firm up to 71 employees

Dave Harvey has a suggestion for a business owner thinking of selling his or her own firm—don’t get your own agent. Talk to him first because he represents a potential buyer.

Bank Deposits Soar 23% to $151B

Pandemic Fears Overblown; Branches Continue Decline

Fears from a year ago that banks in Orange County could face a shellacking because the pandemic would force massive defaults by borrowers proved to be overblown.

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OC Banks Roar Back to Life

Latest Earnings Show Stunning Turnarounds

CommerceWest Bank attained a remarkable achievement in the fourth quarter—its $582 million loan portfolio had zero non-performing loans despite being in the middle of a pandemic that has devasted thousands of businesses.

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BofA Execs Find Home in Newport Beach

Orange County has become a hot spot for high-ranking executives covering the West Coast for Charlotte, N.C.-based Bank of America Corp.

OC Black Chamber Reaches Out to Businesses

COMMUNITY: McDonald aims to help local firms grow

Bobby McDonald in 1990 was asked to become involved with the Black Chamber of Commerce of Orange County.

Pacific Mercantile Profit Up Eightfold

Shifts More Personnel Towards Business Development

Costa Mesa-based Pacific Mercantile Bancorp (Nasdaq: PMBC) reported fourth-quarter net income jumped to $3.7 million from $440,000 in the same period a year ago.

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FINANCE: Sees ‘once in a 100-year moment’

When the economy’s faltering, Stephen Gordon sees opportunity.

First Foundation Relocating, Sort of

Moving Corporate HQ to Dallas Area

First Foundation Inc. (Nasdaq: FFWM) made the quarter’s most surprising announcement when it said its holding company’s headquarters will move to the Dallas area.

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CoreLogic Gets New Bidder at $95.76 Shr

CoStar CEO says `stunned’ about prior $80 shr offer

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Frank Martell Gets His Price on CoreLogic

FINANCE: Data firm selling for $6B; 51% premium

Frank Martell spent three years telling Wall Street that his CoreLogic Inc. was undervalued when its stock hovered around $40 a share.

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BPM’s COO a Vet In Accounting Growth

SERVICES: Jackson tapped by BPM in ’20

Scharrell Jackson spent 20 years at Irvine’s Squar Milner LLP, rising to partner, chief financial officer and chief operating officer.

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Midday Stock Roundup

Clean Energy soars 35% after deal with LA Metro

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Irvine’s Hall & Co. Joins MGO

ACCOUNTING: Follows trend of OC firms

Hall & Co., an Irvine-based accounting firm, has joined Los Angeles-based MGO LLP

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Pacific Rim Capital’s CEO Believes in Actions, Not Words

Mills Sees Lots of Growth For His Leasing Company

Since 1984, Marc Mills has worked alongside his colleague David Mirsky.

Midday Stock Roundup

Clean Energy soars on Credit Suisse rating; Iteris drops on Q3 miss

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Stephen Gordon Wins Approval for New Bank

Announces executive team for Genesis Bank

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First Foundation to Move Holding Company to Dallas

Plans to expand into Texas

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Midday Stock Roundup

Inari, Ducommun lead OC declines

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CFO Winners Pull Out Stops in Unpredictable Year

Firms Pivot to Keep Afloat

A year ago, the Business Journal held its 13th annual CFO of the Year Awards, honoring five local executives. None were able to rest on their laurels. Each helped guide their companies through the worst pandemic in a century. The Business Journal caught up with the winners to see how they managed to keep their companies afloat:

Montrose Goes Through Lengthy IPO Process

CFO Recalls Pulling Back at Pandemic’s Start

The pandemic affected everything, including the initial public offering of Irvine-based environmental consulting firm Montrose Environmental Group Inc.

OC Unemployment Rises to 7.4% in December

Leisure and hospitality sector loses 14,300 jobs

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