Irvine Co. hires two new executives The...

Irvine Co. hires two new executives

The Irvine Co. Company Retail Properties announced two new hires

to its executive team Thursday.

Robert L. Sorensen, who in the past worked as an executive with

real estate company TrizecHahn, was appointed vice president of

regional centers, which includes Fashion Island.

Timothy Kolvoord was named senior director of project management.

His last job was a post as construction manager with the Los

Angeles-based Robertson Properties Group/Pacific Theatres.

The Irvine Co. is headquartered in Newport Beach.

O.C. Business Bank sees less red in 2004

Orange County Business Bank, which launched in 2002, announced an

increase in assets and a smaller operating loss last year than they

did in 2003.

The bank announced losing $1.5 million over 2004. In 2003, the

bank’s reported loss was $2.1 million.

Newport company nets award for tuner

Communications technology company Conexant Systems Inc. of Newport

Beach announced one of its products won an ACE Award given by EE

Times, an electronics engineering magazine.

Awards were announced March 9 in San Francisco. A Conexant

satellite tuner was named the best radio frequency and microwave

product introduced in the past 12 months. The tuner was designed for

digital television markets in Europe, India and the Pacific Rim.