BUSINESS NOTES

Scripps Center bought by L.A.-based company

Scripps Redhill Associates, a group comprised of Investment

Development Services Inc. of Los Angeles and Kennedy Associates Real

Estate Counsel Inc., bought the Scripps Center office park in Costa Mesa

for more than $27 million.

Scripps Center sits on 11.6 acres of land and is strategically located

at the intersection of the 55 and 73 freeways in Costa Mesa.

“Scripps Center is an office and technology business park featuring a

strong location for economic growth, job creation and regional offices

for national companies,” IDS Managing Director David Mgrublian said.

Key tenants in the project include Canon Computer Systems, MacNeal

Schwendler Corp., Keith Cos. and Kimberly Olsten Healthcare.

Now in its second decade of business, IDS is a commercial real estate

services company, with an office in Costa Mesa, focusing on the Western

United States.

For more information, call (818) 881-1183.

Bozell Worldwide selects new name

Bozell Worldwide has changed its name to FCB Worldwide.

The name change for the Costa Mesa-based company comes as part of a

restructuring being done by FCB’s owner, True North Communications.

“For Bozell Southern California, joining the FCB Worldwide family

gives us tremendous additional resources across the globe, which are

crucial for our global clients,” said Jim Harrington, executive vice

president.

The former Bozell’s clients include Hilton Hotels, Kawasaki Motors and

Rockwell.

Marsh Inc. makes personnel change

The Newport Beach office of Marsh Inc., a risk and insurance brokerage

firm, announced earlier this month the promotion of Michael Stockwell to

head the company’s employee benefits services department.

“It is a pleasure to congratulate Michael on his new position,” said

Tom Cammann, senior vice president. “With his depth of experience, I’m

confident that Michael will lead the employee benefits group with the

utmost service and professionalism.”

Stockwell, who has 15 years of experience in the industry, will be in

charge of working with insurance companies and keeping employees informed

about their benefit plans. He lives in Corona del Mar.

Marsh is a subsidiary of Marsh & McLennan Cos. Inc. It has more than

36,000 employees worldwide.