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May 12-18, 2008
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Regional Development Agencies in Recruiting Mode as BIO Nears
Besides scientists ready to debut their latest advances and venture capitalists keen on learning about investment opportunities, next month’s Biotechnology Industry Organization gathering is bringing a swell of recruiters eager to attract businesses ripe for expansion. |
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Federal Judge Rules in Favor of Downtown Waterfront Project
A ruling in favor of developer Douglas Manchester’s effort to build a mixed-use waterfront park on downtown Navy land has dealt a blow to the California Coastal Commission’s authority to regulate this project and other private developments built on federal property, according to Manchester’s attorney. |
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Union-Tribune Fires 3 Web Site Executives
The San Diego Union-Tribune axed at least one of its Web site executives and has frozen top management’s salaries, according to an internal memo dated May 7 that was sent to staff members from Gene Bell, the publication’s president and chief executive officer. |
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More San Diego Companies Are Competing on Global Stage
Despite competing with the world’s largest medical device makers, Carlsbad-based Timely Medical Innovations is becoming so successful that it’s selling products to those same manufacturers. |
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Updated: 5/9/2008 12:08:47 PM
Bowling for Dollars: Games Make $41.5M Impact
San Diego’s two postseason college football games generated $41.5 million in direct and indirect spending in the region last year, according to a report released May 9 from the San Diego Bowl Game Association.
Nuvasive to Acquire Osiris Unit
Nuvasive Inc. said May 9 that it signed a definitive agreement to acquire the osteocel biologics business from Osiris Therapeutics Inc. for $35 million in cash, plus certain milestone-based payments not to exceed $50 million.
More Homes Change Hands in April
Sales of houses and condos increased significantly in April — especially among homes priced under $417,000 — according to a report released May 8 by the San Diego Association of Realtors.
Kratos Pares Its Net Loss
Kratos Defense and Security Solutions Inc., a San Diego defense technology services contractor, reported a net loss of $1.9 million on revenue of $68.2 million for the first quarter, on May 8.
Barney & Barney Transaction Complete
Barney & Barney, the San Diego insurance brokerage that was founded in 1909, completed its merger with Saylor & Hill, an Oakland-based brokerage, the firms said May 7.
Port Board Opposes Marine Terminal Conversion
The seven-member board of the San Diego Unified Port District voted unanimously May 6 to oppose a change in the port’s master plan to permit converting the 10th Avenue Marine Terminal to a complex of hotels, restaurants, shops and a possible football stadium.
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Hillcrest Apartment Complex Sold for $17.5M
Hillcrest Montecito of San Diego on April 30 sold a 72-unit complex, Montecito Point in Hillcrest, for $17.5 million, or $243,000 per unit, according to the broker. |
Podcast: Preview This Week’s San Diego Business Journal
Web Editor Brad Graves provides highlights from the May 5, 2008 issue of the San Diego Business Journal. |
Steep Gas Prices Exerting Wide Strain On Local Companies
For the past few years gasoline prices have spiked in the spring and gone down at the beginning of the summer driving season. But as oil prices continue to break record highs, analysts predict that relief at the pump is further off. |
Biotechs Surviving VCs’ Cutbacks Better Than Other Sectors
San Diego’s biotech sector raised more venture capital dollars than any other local industry in the first quarter of the year, according to two recent venture capital spending reports, but it suffered big year-over-year declines. |
Tribal Casinos Strive to Sustain Good Times Amid Economic Woes
Who are you really, Maria Elena Smith?
That’s what the marketing people at Santa Ana Star Casino, on a pueblo near Albuquerque, N.M., spend their time trying to figure out. |
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