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A local exec’s yacht collection took center stage at the recently-concluded Newport Beach International Boat Show at Lido Marina Village, Business Journal’s Emily Santiago-Molina reports.
James Glidewell, founder and owner of Newport Beach dental implant and products maker Glidewell had a pair of vessels on sale at this month’s multi-day event, asking close to $31 million on a combined basis.
The larger of the two boats, the 191-foot Unbridled, was seeking just under $23 million. The boat counts about 15,000 square feet of space, can hold 16 guests and a crew of 13, and was the largest yacht on display at the event.
The yacht’s currently chartering to Alaska for the first time, after previously being docked on the East Coast, according to brokerage Northrop & Johnson. Summer rates run $230,000 per week plus expenses, according to the brokerage.
For water lovers seeking a more affordable option, Glidewell’s 130-foot Serengeti was also up for sale at the event, asking nearly $8 million. It holds 12 guests, an 8-person crew and can also be chartered for $150,000 a week.
Both yachts have been on the market at times over the past two years and have seen price cuts over that period, according to reports.
Glidewell’s owned close to a dozen different yachts over the years, and his collection has been profiled in several trade publications.
“I mainly have boats for the kids,” he told one outlet. “It’s exciting sharing different ports of call with them.”
Hoag Memorial Hospital Presbyterian’s real estate presence is shrinking, at least temporarily. See Parimal Rohit’s front-page story for more on the GSA’s cancellation of the auction for Laguna Niguel’s Ziggurat building, which Hoag had been hoping to close on after seeing another bidder’s offer terminated. The 92-acre property is expected to be listed again later this month.
Hoag could also see its customer base shrink, due to a dispute with one of the state’s larger insurers, Blue Shield of California.
Blue Shield, a nonprofit with some 4.5 million members in the state, and 50,000 members that use Hoag, could take Hoag out of its network at the end of June if cost issues aren’t resolved. “Currently, Hoag hospitals are some of the highest cost facilities for our members in the region,” it says.
“These negotiations are not about Hoag seeking higher profits,” the Newport Beach-based hospital system said. “Hoag is asking for fair, sustainable reimbursement.”
In 2001, Gary Liebl—founding chairman of QLogic, the 1995 computer networking products spinoff of Emulex, and one of OC’s first big tech gurus—wrote an article for the Business Journal detailing his battles with prostate cancer. The article noted how a doctor once gave him a matter of weeks to live.
Instead, he made it decades. Liebl passed away last month, at the age of 83. The Chairman Emeritus of Hawaii’s Chaminade University “lived a remarkable life,” said his brother Kevin Liebl. “He died with strength, dignity and deep faith—the same way he lived his life.”