Stories for July 2007

Tuesday, July 31

Cricket Communications Signs Sorrento Mesa Lease

CB Richard Ellis announced July 30 that Cricket Communications Inc. leased 30,000 square feet of space on Huennekens Street in Sorrento Mesa from TA Associates Realty. The three-year lease is valued at $1.6 million.

Point Loma's Pearl Hotel Sets Opening Date

The 23-room Pearl Hotel is scheduled to open Aug. 30 in Point Loma.

CCDC Puts Out Call for Civic Center Makeover

The Centre City Development Corp. announced July 31 that it has issued a nationwide request for qualifications for the possible redevelopment of the Civic Center Complex in downtown San Diego.

Monday, July 30

County Plans to Operate From $400 Million Center in Kearny Mesa

The San Diego County Board of Supervisors approved a conceptual site plan July 24 to develop a $400 million-plus operations center in Kearny Mesa.

APMC on Buying Binge for Exclusive 4-, 5-Star Hotel Properties

In the interest of boosting the star power of its portfolio, American Property Management Corp., San Diego's largest lodging company, is finalizing deals on five high-end hotels.

Digital Jobs Board Protuo.com Puts the Internet to Work

Matching job seekers with employers is hardly an exact science, but a Web site co-founded by a San Diego woman hopes to make the process much easier for both parties.

Sales and Leases

Sales and Leases: Arizona-based MHMS purchased the Hitachi Corporate Center office building for $18 million. The 69,000-square-foot building is located at 10277 Scripps Ranch Blvd. in Scripps Ranch and sits on 5.4 acres of land.

Traveling Nurses Often Get More Difficult Assignments, Survey Finds

A new survey released by staffing company AMN Healthcare finds that traveling nurses feel generally accepted in the workplace, but sometimes draw more difficult duties than permanent staff.

Entrepreneur Profile , Michelle Weinstein

Michelle Weinstein has an invested opinion in the organic meals delivered daily from Optimal Nutrition Inc. She's a successful entrepreneur who had started her own business at age 24 and doesn't have much time in her day to count carbohydrates or shop for

List of Hospitals Needing Retrofits to Shrink With Test?

Software that could cut in half the list of hospitals statewide required to spend tens of billions preparing to withstand the impact of a massive earthquake could be adopted as early as September.

Deli Spread Cleared Aside for Organic To Go's Quick and Healthy Fare

Organic food in the fast lane , it had to happen.

Executive Profile , Chad M. Moore

Chad Moore said he can't stand technology. This fact about the president and founder of Xonicwave, an information technology consulting firm, may surprise some.

Lack of Construction Pushing Up Area Retail Rental Rates

San Diego's retail vacancy rates are among the nation's lowest.

San Diego Had 36 More VC Deals Than Orange County in First Half of '07

Ernst & Young LLP and Dow Jones released venture investment statistics for the first half of 2007 on July 23, showing Southern California, including San Diego, on track for hitting deals and dollars not seen since 2001.

San Diego Futures Foundation Receives $20,000 Grant From AT

The San Diego Futures Foundation recently received a $20,000 grant from AT & T;'s Excelerator Fund.

Leisure Time for the Wealthy Is Well-Spent on Their 'Investments'

The rich are different, not only because they have more money, but also because they have more options , especially when it comes to "investments of passion."

San Diego People

Key Hires and Promotions. Executive Spotlight: Danel Dufresne.

Kilroy Realty's Sorrento Gateway Building Features Lab Space and Corporate Offices

Progress Report: Kilroy Realty Corp. is close to completing a 57,000-square-foot building in Sorrento Gateway located in Sorrento Valley.

Founder Seeking Cash for Startup That Helps Owners Find Their Cars

Local serial entrepreneur Jim Berntsen has started yet another company, Compass Auto Tracker. The firm holds a patent on a radio frequency device for finding one's car from more than 700 feet away.

LaDainian Tomlinson to Become 'Voice' of 2 North County Hospitals

A North County hospital district is embarking on a five-year marketing campaign that calls on celebrities to attract new business.

Investors Apparently Like Leap Wireless' No-Contract Business Model

Perhaps it's the surge in the telecommunications industry, or a rebounding financial performance. Whatever the reason, shares of Leap Wireless International are jumping into record territory.

Now's the Time to Ask About the Impact of 'Three Strikes' Law

Now's the Time to Ask About the Impact of 'Three Strikes' Law

Junior Achievement's BizTown Offers Life Lessons in Free Enterprise

Joanne Pastula said the key to running a successful nonprofit organization is to maintain all the components of a regular business.

Baseball Trading Card Fans None Too Happy About Pending Topps Sale

The world of baseball trading cards could be turned upside down, or at least cut in half, if the impending sale of Topps Inc. to Carlsbad-based Upper Deck Co. goes through.

Estate Tax Exclusion Set to Increase to $3.5 Million in 2009

Louis A. Mezzullo, a partner in the Rancho Santa Fe office of Luce, Forward, Hamilton & Scripps LLP, and a nationally known estate planning attorney, offers this primer in estate planning.

Estate Planning: A Priceless Step Toward Preserving Wealth

How are 21st century rich folks minding the mint? If they're wise, they are tending to their estates on a regular , and timely , basis, and keeping up with both new options in the marketplace, as well as the ever-shifting tax laws.

Regional Roundup

Leading off this week's compilation of news from around San Diego County: A surplus of $1.8 million in developer fees collected from property owners will be refunded in toll credits to the South Bay Expressway, which is nearing completion.

Sorrento Valley Research Park Changes Hands

Grubb & Ellis|BRE Commercial announced July 30 that Sycamore Creek Research Park in Sorrento Valley sold for $23.7 million.

City of San Marcos Has Spent $750M on Roads, Parks and Sewers; Expects to Spend $500M More

Once in awhile it is kind of nice to look back and remind ourselves of the way things used to be in another time.

The Tale of the Two-Sided Coin When It Comes to U.S. Job Losses

The Tale of the Two-Sided Coin When It Comes to U.S. Job Losses

Pala, Card Rooms, Labor May Seek Statewide Referendum on Casino Pacts

American Indian gaming compacts that were recently sealed in Sacramento may be in for a challenge at the polls.

We All Know a 'Horse' Can Outrun a 'Sponge,' Especially on Polytrack

It wasn't just another day at the races on Sunday, July 22. SpongeBob SquarePants was there to take on Pony Boy, the Del Mar Thoroughbred Club's cartoon mascot.

Naviscan's Product Latest Tool in the Detection of Breast Cancer

It can take months of mammogram surveillance to identify a breast lump as cancerous, which can be frightening for a patient.

San Diego Company Reacts to Name Mix-Up

San Diego-based Technology Integration Group released a statement July 27 saying that it has no connection with Rochester, Mich.-based Technology Integration Group Services Inc.

Friday, July 27

Retail Shops Head for Smart Corner

Four retail tenants recently signed leases totaling $2.3 million at Smart Corner Residential Tower. Smart Corner is a mixed-use, transit-oriented development on Park Boulevard and Broadway that offers live, work and play opportunities on one city block.

Indus Digs Into New Spawar Contract

Indus Technology Inc., based out of San Diego, said July 26 that it has received a Seaport task order worth $2.6 million from the Space and Naval Warfare Systems Command, or Spawar.

Chamber Gets Behind Water-Saving Campaign

The San Diego Regional Chamber of Commerce is backing efforts by the county's water authority and Gov. Arnold Schwarzenegger to encourage water conservation throughout the region.

USD Business Leadership Program Sends Forth 17

The newest class of global business leaders was to receive their master's degrees from the University of San Diego School of Business Administration in a ceremony at the university's Manchester Executive Conference Center Auditorium at 2 p.m. on July 27.

Thursday, July 26

Penta Picks Up East Coast Investor

Carlsbad-based Penta Water Co., which sells purified drinking water, announced July 25 that it has received a significant investment from Greenwich, Conn.-based Plainfield Asset Management LLC.

Cymer Revenue Falls But Earnings Rise

Cymer Inc., the San Diego maker of laser equipment used in the manufacturing of semiconductors, reported July 26 net income of $24.9 million on revenue of $122.9 million for the second quarter.

Palomar Pomerado Recruits Chargers' Tomlinson for Health Campaign

San Diego Chargers running back LaDainian Tomlinson will be the point man for Palomar Pomerado Health's education campaign, the hospital district announced July 26.

Ex-Yahoo! Exec to Lead Veoh Networks

Veoh Networks, a leader in Internet television and rival to YouTube, announced July 26 a new chief executive officer to replace Dmitry Shapiro. Steve Mitgang, formerly a Yahoo! senior vice president, will be taking over the job.

Wednesday, July 25

Kearny Mesa Complex 100 Percent Sold

Soledad Development Group has sold 100 percent of its new five-building business park, Highland Skypark. Five separate buyers acquired property in the development, located near the intersection of Ruffin Road and Aero Drive in Kearny Mesa.

Organic To Go Expands Into San Diego

Scott's Gourmet Sandwiches, a downtown San Diego-based quick-serve restaurant, has been acquired by Organic To Go, the nation's first casual caf & #233; chain to be certified as an organic retailer.

South Korean Company Buys SeaSpace

Allied Defense Group Inc., a Vienna, Va.-based defense contractor, announced July 25 that it has sold subsidiary SeaSpace Corp. of Poway for $1.7 million.

Qualcomm's Quarter: Net Income Approaches $800M

Wireless technology company Qualcomm Inc. reported net income of $798 million on revenue of $2.33 billion during the quarter that ended July 1.

Governor Names Four to Fair Board

Gov. Arnold Schwarzenegger's office announced several appointments on July 24 to the 22nd District Agricultural Association Board of Directors.

Accredited Share Price Still Below Tender Offer

Shares of Accredited Home Lenders Holding Co., the San Diego subprime lender that's slated to sell to a Texas hedge fund, slumped to $10.97 per share July 24, but rebounded slightly to hit $11.26 the following day in midday trading on the Nasdaq exchange.

Tuesday, July 24

Silicon Valley Firm Buys Poway's Siafu Software

Network security provider Hifn of Los Gatos announced July 23 that it has purchased Poway-based Siafu Software for an undisclosed sum.

Nieto Steps Down From Airport Authority

Paul Nieto, a developer who was a partner in an alleged questionable purchase and sale of a property to a local community college district, resigned from the San Diego County Regional Airport Authority on July 23.

Sales Approach $100M at Bosa's Bayside Tower

Canadian developer Bosa Development announced July 23 that it had sold 66 units at Bayside at the Embarcadero since sales commenced in February.

Poinsettia Bowl Offers Early Look at 2008, 2009 Matchups

The Pacific-10 Conference will be represented twice in San Diego college bowl games in 2008.

Monday, July 23

Financial Women International Honors Several Local Members

The San Diego Group of Financial Women International recognized Jan English, an education specialist with XP Systems, with its Member of the Year Award for her contributions in launching the Financial Literacy Training program.

Meals on Skybus Run From $6 for A Sandwich to $10 for a Full Meal

Skybus Airlines, a new discounter which introduced service to San Diego on July 16, could give Southwest Airlines a run for its money.

Eco-Extremists Have Made Proposed Foothill South Toll Road 10-Year Drive to 'Nowheresville'

Eco-Extremists Have Made Proposed Foothill South Toll Road 10-Year Drive to 'Nowheresville'

SDG & E; Test-Driving Vehicles That Power Up at Wall Sockets

San Diego Gas & Electric Co. is testing and promoting plug-in gas-electric cars to drive customer demand for such vehicles, especially among businesses with large fleets.

SQL Star Increases Talent Pool With Recent Acquisition

In a move that underscores the increasingly global nature of the information technology industry, a public company in India acquired a fast-growing San Diego staffing firm specializing in technology professionals to expand its foothold in the region.

Laundry Workers to Rally at Civic Center

Laundry workers and San Diego City Councilman Ben Hueso announced plans for a labor rally at 12:30 p.m. July 24 in Civic Center Plaza. Organizers said Prudential Overall Supply laundry workers organized by Unite Here will demonstrate.

Short Sellers Pound Overland Storage, Share Price Continues to Drop

The board of directors for Overland Storage Inc. probably rues the day when it decided to pass on an offer to sell the business, which makes data storage systems.

Private Industry Now Giving the Green Light to Sustainable Building Practices

San Diego is growing greener by the month. This seaside city is tapping into the $12 billion sustainable building industry, and earning recognition for environmentally responsible development.

College Loan Corp. Settlement Includes Payout

College Loan Corp., a San Diego-based lender of student loans, agreed to pay $500,000 to a financial literacy fund as part of a settlement with the New York attorney general's office regarding allegations the firm provided perks to schools that placed the

The Jayne Hancock Group Buys Townsend Inc. in a $2 Million Deal

The Jayne Hancock Group has acquired 14-year-old Townsend Inc., and formed JHG-Townsend, which represents the combined forces of the two public relations agencies.

Regional Roundup

Leading off this week's compilation of news from around San Diego County: Islands Restaurants celebrates its 25th anniversary with a series of promotional events running through August.

Sales and Leases

Sales and Leases

Home Sales Hot in Borrego: $33M of Desert Property Sold in a Day

Montesoro, a private residential community in Borrego Springs, sold an impressive 52 homes and home sites totaling more than $33 million in less than eight hours.

Grocery Workers Approve New Contract

Grocery retailers Albertsons, Ralphs, Vons and Pavilions breathed a sigh of relief July 23 after members of the United Food and Commercial Workers International Union ratified a new contract. More than 87 percent OK'd the new deal in voting July 22.

Upgrades to Museum of Contemporary Art in Downtown Valued at More Than $200K

Progress Report: Johnson & Jennings General Contracting completed tenant improvements at a cost of $206,000 for the Museum of Contemporary Art San Diego located at 1001 Kettner Blvd. downtown.

ReAble Therapeutics Says It Has No Plans to Reduce DJO's Work Force

DJO Inc. wasn't looking to be acquired, but the $1.6 billion offer from ReAble Therapeutics Inc. fell into its hands last week.

Entrepreneur Profile , Jerry L. Hutter

With more than 40 years of accounting experience, it's no surprise that Jerry Hutter's latest venture, CFO Strategies Inc., is expected to hit $1 million in revenue by the end of 2007, and after only four years in business.

La Mesa Apartments Sell for $4.7M

Kiowa Gardens Apartments in La Mesa sold for $4.7 million, according to Grubb & Ellis\BRE Commercial, which announced the sale July 23.

Nascent Wants to Become Mexico's Largest Wholesale Food Distributor

Sandro Piancone knew there had to be a better way of getting imported foods into Mexican supermarkets, restaurants and hotels, and set out to create the first nationwide food distribution network in Mexico.

San Diego People

Key Hires and Promotions. Executive Spotlight: Kevin Graney.

Omni, Patrons Check Into iPhone Craze

On Wednesday, July 25, one lucky guest at each of Omni Hotels' 33 participating U.S. properties, including the Omni San Diego, will have a chance to win an Apple iPhone at a giveaway in the hotel's lobby. The Internet-enabled phone retails for $499 and is

Law Firms Build Up Real Estate Practices in Preparation for Healthy Market

Numerous San Diego law offices have either introduced or beefed up their real estate practice groups during the past few years. The purpose of the growth strategy could be twofold: to meet the needs of clients and build a team ready for a recovering marke

Industry Ag Giant BASF to Use Cibus' Genetic Modification System

One of the world's largest agricultural and chemical companies will use Cibus LLC's technology for improving the herbicide tolerance of rapeseed and canola plants.

Comic-Con International '07 to Draw Big Crowd to Convention Center

Comic-Con, which opens this week, attracts comic book and science fiction devotees from all over the world by spotlighting comic book art, artists, writers and publishers; comic book collectors; science fiction purveyors; movie and TV talent, and other po

Executive Profile , Tim Murphy

Tim Murphy wasn't much of a long-distance runner. That is, until his sister outran him.

Keeping Infrastructure on Pace With Downtown Growth Could Reach $1B By 2030

A cool $437.6 million , that's how much the Centre City Development Corp. figures that the city of San Diego has gained from public improvements it has shepherded downtown since its inception in 1975. The meter continues to run.

Anthony's Turnabout Strategy Maximizes Star of the Sea's Bay View

The Star of the Sea restaurant, which has been shuttered for more than a year adjacent to Anthony's Fish Grotto on Harbor Drive, is scheduled to reopen in late August as an event center.

Trolley Upgrades Pivotal to C Street Revitalization Plans

The forgotten street. That's how Todd Voorhees, vice president of public policy and communications for the Downtown San Diego Partnership, refers to C Street.

Conference Administers Healthy Lessons to Hospital Executives

Hundreds of chief executive officers, senior executives and governing board members from hospitals across the country are in town this week to learn how to be better leaders.

Javo Expands 7-Eleven Deal

Javo Beverage Co. Inc. said July 23 that it has entered into a three-year agreement with convenience store giant 7-Eleven to supply premium ice coffees and teas to an expanded number of stores.

Corrections

For July 9, 2007 and July 16, 2007.

Trolley Passenger Numbers Been Accelerating Steadily Since '04

San Diegans , long dependent on their gas-guzzling passenger cars, SUVs and vans , seem to be warming up to the trolley as an alternate mode of transportation.

USA Federal Credit Union CEO to Lobby for Mandatory Overdraft Protections

On July 11, USA Federal Credit Union Chief Executive Officer Mary Cunningham testified before the House Financial Institutions Subcommittee on behalf of the Credit Union National Association, in favor of legislation that would enact mandatory overdraft pr

Freeline Skates Takes Board Sport Fans on the Next Ride

Skater, surfer, snowboarder and self-proclaimed adrenaline junky Ryan Farrelly attributes the conception of his company Freeline Skates Inc. to his need for the "next ride."

Siggraph Swoops Into Convention Center in August

Siggraph 2007, the 34th annual showcase for computer graphics and interactive technology, is set to come to the San Diego Convention Center from Aug. 5-9.

Friday, July 20

Sharp Nurses Approve New Contract

The nurses at Sharp HealthCare have agreed to a new three-year contract that includes health care benefits after they retire.

Personal Data Put at Risk, SAIC Warns

SAIC, a San Diego engineering defense contractor, said July 20 that personal data of some uniformed service members, family members and others was placed at risk while being processed by the company under several health care contracts it has with the fede

Orange 21 Looking at No Fear Retail Stores

Orange 21, the Carlsbad maker of Spy Optic sunglasses and sports goggles, confirmed July 19 it is in preliminary discussions with No Fear Inc., a Carlsbad recreational apparel maker, regarding the possible purchase of No Fear Retail Stores Inc.

Pat & Oscar's Expands in Chula Vista

Pat & Oscar's plans to open an eatery in Chula Vista on July 26.

Accolades Stack Up at Rooftop Bar

Sunset Magazine apparently loves to watch the sunset from Altitude Skybar and Garden Lounge. In its July edition, Sunset ranked the outdoor bar atop the 22nd story of the Marriott Gaslamp Quarter Hotel first on its list of rooftop bars in the western Unit

Tony Gwynn Heads to Cooperstown and Breakfast Tables Everywhere

Tony Gwynn has become the newest Wheaties champion.

Sony Online Entertainment Puts a New Face on Web Site

Sony Online Entertainment announced the launch of its revamped Web site at www.station.com on July 18. Station.com previously served as a landing page that linked to the company's individual game sites.

Unemployment Rate on the Rise

San Diego's unemployment rate increased to 4.6 percent in June, up from 4.2 percent in May, according to the July 20 report from state Employment Development Department.

San Diego to Get $16M in Homeland Security Grants

The San Diego region will receive $16 million in federal grants during the next year as part of the Department of Homeland Security's grant program, the federal government announced July 18.

Wal-Mart Buys 17-Acre Site for Upscale Carlsbad Store

Wal-Mart hopes to build its most upscale store in the nation in Carlsbad and has purchased a 17-acre site at College Boulevard and El Camino Real, said a company spokesman July 20.

Gaylord Walks Out on $1B Project for Good, Official Says

After a meeting between labor leaders and Gaylord Entertainment officials this week about a proposed $1 billion project in Chula Vista, a manager for the San Diego Building and Construction Trades Council said July 19 that the Tennessee company has "walke

Thursday, July 19

Sharp Nurses Vote on Contract

The members of the Sharp Professional Nurses Network are to vote on a new, three-year contract with Sharp HealthCare on July 19.

Group Making Push for Sunrise Powerlink

Californians for Clean and Reliable Energy made their case about the proposed 150-mile Sunrise Powerlink electric transmission line, which would bring renewable power from the Imperial Valley to the San Diego area, on July 19.

Symwave Recieves New Wave of Funding

Symwave, a San Diego-based supplier for high-performance analog circuits for computing markets, said July 19 that it has received $12 million in Series C funding.

Novatel to Launch Small and Mighty Modem

Novatel Wireless Inc. has announced a modem that is fast and small , billing it as the world's smallest modem that uses the standard called high speed downlink packet access.

Chancellor Asks D.A. to Look Into Downtown Property Deal

The district attorney's office has been requested to investigate two developers who made $534,000 by selling a duplex to the San Diego Community College District only nine months after the duplex was purchased from its private owners.

Wednesday, July 18

Accredited Tender Offer Deadline Extended

The deadline for a tender offer for the shares of Accredited Home Lenders Holding Co. has been extended to July 31 from the earlier deadline of July 16.

Supermarkets, Labor Reach Tentative Agreement

The looming grocery strike and lockout have been averted.

SBA Has New Ally in Hispanic MBA Group

The San Diego offices of the U.S. Small Business Administration and the National Society of Hispanic MBAs are teaming up.

ASML to Equip Machines With Cymer Technology

Cymer Inc. announced July 17 it has been selected by the Dutch company ASML Holding NV to provide the extreme ultraviolet source suppliers for ASML's upcoming line of scanners.

ViaSat Gets $45M Delivery Order

Carlsbad-based ViaSat Inc. announced July 18 that it received a $44.9 million delivery order for military electronics from the Space and Naval Warfare Systems Command, San Diego.

Tuesday, July 17

JMI Funds Apparent Networks

San Diego-based JMI Equity, along with Bain Capital Ventures, has helped Apparent Networks Inc., a software company based in Vancouver, British Columbia, Canada, raise $13.6 million in Series B financing.

Monday, July 16

Biotech Industry Considers Shareholder Lawsuits Nuisances

Neurocrine Biosciences Inc. Chief Executive Officer Gary Lyons says he's not surprised that the company's shareholders have sued, but that it took them so long.

Clark's Real Estate Empire Has Become a Part of Local History

Since founding the Golden Triangle's first commercial real estate services firm in 1974, Craig W. Clark of C.W. Clark Inc. in La Jolla has led the development of more than $500 million in commercial, hotel and urban real estate.

Mergers, Acquisitions Leading & #8201; 'Exit Strategy' For Biotech Companies

Investors and biotech companies say mergers and acquisitions continue to be a better exit strategy than initial public offerings.

Sempra Earns Tidy $1.15B Profit From the Sale of Energy Trading Unit

Sempra Energy confirmed last week that it is selling the majority stake in its energy trading unit to the Royal Bank of Scotland for $1.35 billion, giving the San Diego-based company a tidy profit of more than $1 billion.

San Diego People

Key Hires and Promotions. Executive Spotlight , Tammy De Witt.

Statewide Marketing Campaign Aimed at Boosting Health Care Work Force

A $2.5 million statewide effort is under way to bring attention to health care's less glamorous jobs with the hopes of attracting young people to allied health careers.

Orfila 1 of 3 U.S. Vintners to Uncork Coveted European Gold Medals

Having amassed more than 1,200 awards in its 13-year history, Orfila Vineyards & Winery must be running out of wall space to hang them all.

Corrections

For July 2, 2007 and July 9, 2007.

Old Globe to Celebrate Makeover on its 75th Birthday in 2010

In June, the Old Globe unveiled plans for a major overhaul of its campus, a project first outlined in its 2004 strategic plan.

NTDStichler Architecture Expands Services With Opening of Visalia Office

NTDStichler Architecture, a San Diego-based architectural, engineering and design firm specializing in health care and education-related projects, opened its sixth office July 1 in Visalia to serve central California.

Regional Roundup

Sissy H. McGill Inc. has purchased three industrial condo units in the Cuyamaca Commerce Center for $1 million. And other news from around San Diego County.

Sales and Leases

Sales and Leases

Strike Averted as Sharp, Nurses Reach Tentative Deal

After months of tumultuous negotiations and talk of a strike, Sharp HealthCare and its nurses union have reached a tentative contract agreement. The move stops a three-day strike that was scheduled to begin today, July 16.

DJO to Be Sold for $1.6B

DJO Inc., a Vista-based maker of orthopedic devices, said July 16 that it agreed to be acquired by ReAble Therapeutics Inc., a Texas company, in a cash transaction valued at $1.6 billion, including the debt of DJO.

Old Globe's Vision of Grandeur

The Old Globe , a venerable presence in Balboa Park for seven decades , has weathered two fires, the sacrifices of World War II, and a constantly evolving economic and political climate. These days, the theater complex is prepping for still another role w

Lead Designer Selected for North Embarcadero Visionary Plan

Progress Report: Project Design Consultants said June 28 that it has been designated to lead the design services team for phase one of the North Embarcadero Visionary Plan. And other real estate news.

Young Professionals Poised to Shine in Commercial Real Estate

A healthy commercial real estate market has provided a venue for commercial real estate professionals to shine. Several young San Diego professionals are setting the bar high in their quest to advance real estate, design and urban planning initiatives.

Lack of Insurance Leaves State's Workers in Unhealthy Position

Slightly less than half , 49 percent , of all California workers receive health insurance from their employers, according to a Mission Valley-based research group.

Wal-Mart Awards More Than $51K to Area Schools for Recycling Efforts

Through its Kids Recycling Challenge program, Wal-Mart Inc. has awarded $51,775 to 151 area schools for students' efforts to become responsible stewards of their environment.

And They're Off In Pursuit of Larger Crowds, Betting Handle

Organizers of this year's 43-day Del Mar racing season strive to push the handle , the amount of money bet , above the all-time high of $608.9 million.

Carlsbad Officials May Ask Voters to OK More Flexible Charter City Status

Carlsbad is analyzing whether or not it should ask the voters to approve the city moving from a general law city to a charter city.

Executive Profile , Jason Mossy

To say that a passion for the automotive business runs in his family is a bit of an understatement for Jason Mossy.

Levine Steinberg Leader Earns Entry Into Lawyers Hall of Fame

Harvey R. Levine was recently inducted into the California Trial Lawyer Hall of Fame in a ceremony at the San Diego Marriott Hotel & Marina.

Construction Team Assembled for Proposed Old Globe Renovation

The following team has been assembled for the planned $22 million renovation of the Old Globe Theatre in Balboa Park.

Solomon Ward Finds Smaller Is Better

In an era where law firms are constantly changing names, adjusting practice areas and merging to form the ultimate international mega company, one local company has been able to stay true to its name and size.

Developers Look North and South for Scarce Industrial Space

It's becoming a challenge to find land in San Diego to build industrial spaces, with many areas of the county tearing down tire dealers, recycling centers and auto repair shops to make way for spaces that will bring in higher rents for the landlords.

Balboa Park Theater Has Worn Many Masks Since Opening in '35

The Old Globe Theatre has had its share of comedy and tragedy playing out on San Diego's stage. Some high and low points.

Nonprofit Profile , Mercy Outreach Surgical Team (MOST)

Mercy Outreach Surgical Team (MOST)

Balboa Park Could Serve as a True Mecca With Public Transit

Balboa Park Could Serve as a True Mecca With Public Transit

Contrary to Conventional Wisdom, Developer Transforms Motel Into 'Pearl'

Conventional wisdom in the local lodging industry has it that developing small, moderately priced inns won't pencil out in the current economy because of the high price of property and construction. But Gregory Strangman has other wisdom to impart.

Fifteen of 20 Subprime Lenders Suffer Sharp Decline in Business, Report Reveals

What a difference a year makes. The subprime mortgage industry , heavily rooted in Orange County , saw loans fall by 40 percent in the first quarter from a year earlier, according to a survey by trade publication National Mortgage News.

Chula Vista Kicking Off New Campaign for Major Bay Front Project

Chula Vista isn't throwing in the towel just yet. Last week, the city's elected officials and Chamber of Commerce launched a campaign to solicit public pressure on labor leaders to return to the negotiating table with Gaylord Entertainment, which has prop

Is the China Manufacturing Juggernaut Painting Itself Into a Corner?

Is the China Manufacturing Juggernaut Painting Itself Into a Corner?

Entrepreneur Profile , Susan Miller

Susan Miller retired in 2003 after a 24-year career at a technology company. The same year, she thought it would be nice to earn a cosmetology license at Palomar College and work a couple of hours a week. A year later, Miller found herself in a business p

Morgan Stanley to Invest in Alternative Electric Power Provider Bull Moose

New York-based Morgan Stanley is investing up to $60 million in Bull Moose Energy LLC to develop alternative power generating stations.

Regional Economy's Movers, Shakers Embark on Process to Improve Competitiveness

Just as Socrates stated that the path of wisdom comes from knowing thyself, San Diego's movers and shakers are embarking on an exploratory path they hope will lead the region to a stronger economic position.

EyeTracking Keeps Focus on a Growing Prize

Eyes may be a window to the soul, but they can also serve a more profitable purpose with the proper technology. EyeTracking Inc. uses specially designed hardware to capture exactly what a person's brain is telling her eyes to do in response to something s

California Consumers Can Now Join Recycling Movement for Plastic Bags

California Consumers Can Now Join Recycling Movement for Plastic Bags

Friday, July 13

Investors Put $40M on TargeGen

TargeGen Inc., a San Diego company developing drugs to treat macular degeneration and other diseases, announced July 12 that it closed $40 million in funding.

Viejas Moves Concerts From Embarcadero Venue

Viejas Entertainment and Production announced that it is moving its four remaining Concerts at Bayside to alternative locations in San Diego.

NextWave Wireless Buys Stake in Japanese Wireless Carrier

San Diego-based NextWave Wireless Inc. announced on July 12 that it reached an agreement with Mori Trust Co. Ltd. of Japan to acquire part of IPMobile, a Tokyo-based telecommunications company.

Unnamed Buyers Interested in Visual Sciences

Visual Sciences Inc., the publicly traded Web analytics company formerly known as WebSideStory, said July 12 that it has hired Goldman, Sachs & Co. to help it evaluate offers to buy the company.

Thursday, July 12

Mayor's Veto on Big-Box Ordinance Stands

The San Diego City Council failed to muster enough votes at its July 10 meeting to override Mayor Jerry Sanders' veto of an ordinance that effectively blocked Wal-Mart from building Supercenters in the city.

Don't Let Gaylord Get Away, Newspaper Ad Urges

A Chula Vista businessman spent nearly $5,000 on a full-page ad in the July 12 San Diego Union-Tribune, asking readers to contact leaders of a labor group and an environmental organization to return to the negotiating table with Gaylord Entertainment, the

Skybus Lands July 16, Offers Promotional Fares

Skybus Airlines began selling tickets July 11 for flights between Dec. 16 and March 6, including a promotion that features tickets for $10, plus taxes and fees.

Forecast Predicts 4.5 Million People in County at Mid-Century

San Diego County is expected to see a growth of approximately 1.7 million people by the year 2050, boosting the county's total population from 2.8 million to 4.5 million.

Cox Communications Gets J.D. Power Award For Phone Service

Cox Communications has received the highest honors in J.D. Power and Associates' regional 2007 Residential Telephone Customer Satisfaction Study.

Directed Lowers Sales Forecast

Directed Electronics, the Vista-based maker of car alarms and car audio equipment, said July 10 it expects a 35-40 percent reduction in revenue from the sale of Sirius satellite radio receivers this year compared to last year.

Wednesday, July 11

Poll: Mayor's Job Approval Rating Drops

Mayor Jerry Sanders' job approval slipped 4 percent to 60 percent between May and July, according to a poll commissioned by the San Diego Institute for Policy Research. The group released its poll July 11.

Navy Hospital Retires Turbines, Receives $1 Million

San Diego Gas & Electric Co. presented a $1 million check to two Navy officials July 10.

South Bay Expressway Service Center to Open

In preparation for its opening, South Bay Expressway plans to hold a kickoff event on July 12 for its newly constructed customer service center in Otay Mesa.

Tuesday, July 10

It's Official: Sempra Selling Stake in Energy Trading Unit

Sempra Energy has confirmed it is selling the majority stake in its energy trading unit to the Royal Bank of Scotland for $1.35 billion, giving the San Diego-based company a tidy profit of more than $1 billion.

Governor OKs More Slots for Sycuan

Gov. Arnold Schwarzenegger signed an amended compact between the state and the Sycuan Band of the Kumeyaay Nation on July 10, changing the rules on how Sycuan may operate its casino.

Monday, July 9

Work on $13M Parking Structure for Sharp Health Staff Gets Under Way in Kearny Mesa

Progress Report

Corrections

For June 18, 2007 and July 2, 2007.

Sempra Awards 13 Scholarships to Baja Students Attending SDSU

Sempra Energy awarded 13 students from Baja California scholarships to San Diego State University's International Business Leadership Program.

Sales and Leases

Sales and Leases

Local Network TV Stations Watch Revenues Grow

San Diego's network television stations experienced a healthy 8 percent growth rate in revenue last year, outdistancing the radio industry, which was flat, and the newspaper sector, which was down ...

Reef's Environmental Program to Focus on Earth-Friendly Products

Reef wants to leave a smaller footprint on the Earth. The Carlsbad-based action sports apparel maker launched its Reef Redemption program June 28, under which the company plans to give back to the environment while introducing new eco-friendly products ..

Biotech Executives to Gather at Luau, Hang Ten for Nonprofit Invitational

If you listen closely, you can hear hundreds of biotech executives and scientists waxing their longboards in preparation for the 14th annual Luau & Longboard Invitational on Aug. 19.

Brigantine Co-Owner Opens Retail Outlet Featuring Familiar Restaurant Items

After years of responding to patrons' inquiries on where they can purchase the decorative items, artwork and furnishings they see at The Brigantine Family of Restaurants' many establishments throughout the county, co-owner Barbara Morton decided to open a

The Assessed Value of County Property Increased By $33.5B in '06

The San Diego County Recorder's Office reported that the assessed value of all taxable property in the county has increased $33.5 billion during the past year to $391.4 billion.

Ambrx at Turning Point Because of Big-Pharma Deal?

Ambrx Inc. has scored its third and largest big-pharma collaboration, and executives hope that partnering with one of the world's largest drug companies will quell questions ...

Entrepreneur Profile , J. David Rauch

More than 10 years ago, David Rauch identified an industry need and started ProTec Building Services, a company that provides homeowners associations with manuals, inspections and community maps.

WFI To Sell Wireless Unit in $24M Deal

WFI, formerly known as Wireless Facilities Inc., said July 9 that it arranged the sale of its wireless deployment business to Platinum Equity, a Los Angeles private equity firm, for $24 million.

Sorrento Mesa Startup Perfecting Sensors the Size of Coins to Detect Brain Waves, Heartbeats

"A penny for your thoughts" takes on a whole new meaning at Quantum Applied Science and Research Inc.

Rady Children's Hospital Drives Down Turnover Rate for Nurses

Four years ago, the nursing staff at Rady Children's Hospital had an annual turnover rate of 27 percent , well below the national average, which has soared as high as 65 percent.

Medicare Paying Docs, Other Providers to Submit Detailed Care Reports

A first-of-its-kind offer by Medicare to pay bonuses to doctors who report details on their day-to-day treatment decisions is now under way.

Land Rover SUV Helps Off-Roaders Take Off

Land Rover enters the compact luxury sport utility vehicle market with the new L2 model.

Sharp HealthCare's Nurses Union Plans 3-Day Walkout July 16

More than 3,300 nurses at Sharp HealthCare plan a three-day walkout on July 16 after their union served officials with a 10-day intent to strike notice following an unsuccessful meeting with a federal mediator.

Executive Profile , Joseph Schroeder

Joseph Schroeder's identical twin brother always knew what he wanted to be ...

Eight Business Journal Staff Members Win 27 Awards in Professional Journalism Contest

Eight editorial staff members of the San Diego Business Journal took home 27 awards June 28 at the 2007 Journalism Awards presented by the Society of Professional Journalists' San Diego Pro chapter.

Week in Review

Top Business News: June 29- July 5, 2007

What Does Accredited's Share Price Portend for Hedge Fund Acquisition?

When Accredited Home Lenders Holding Co. announced its sale to a Texas hedge fund last month, it looked like the best deal the troubled company and its investors could hope for.

Regional Roundup

San Diego Padres manager Bud Black and outfielder Terrmel Sledge signed autographs and met with fans at the Padres Caravana, which made its second appearance of the season June 23 at the Carnival grocery store here.

Salvation Army Makes Smart Move

SmartDrive Systems Inc. announced July 9 that its driver risk management system has been selected for deployment in The Salvation Army's West Coast fleet of vehicles.

Accounting Firm BDO Seidman Opening First Direct Office in San Diego

Accounting and professional services firm BDO Seidman LLP said that it is opening a new office in San Diego, its first direct office in the county.

Automaker's Plan For Tijuana Has Firm Scrambling

A Chinese auto manufacturer that committed to building a plant in Tijuana last month plans to begin assembling two of three car models by year end ...

ConVis Plays Up Local Night Life in 'Active Relaxation' Ad Campaign

Plenty of people around the country know about San Diego's allure as a vacation destination for families, including its beaches, the zoo and SeaWorld.

'Sicko' Socks It to 'Em, Gadfly Michael Moore Has Thing or Two to Say About Health Care Woes

'Sicko' Socks It to 'Em, Gadfly Michael Moore Has Thing or Two to Say About Health Care Woes

SAIC to Buy Oklahoma City Engineering Firm

SAIC signed an agreement July 6 with Benham Investment Holdings LLC to acquire the company and its subsidiaries.

San Diego People

Key Hires and Promotions. Executive Spotlight: Casey Gwinn

Digital Format Presents Rubik's Cube of Challenges to Advertisers

The digital format of Web sites and television has triggered new strategies for ad agencies trying to get the most attention for their customers' products and services.

Nonprofit Profile , BIA Cares

BIA Cares is the philanthropic arm of the Building Industry Association of San Diego County.

Thursday, July 5

Union Membership a Sticking Point for Chula Vista's Gaylord Project

Union officials said they will not compromise their position that Gaylord Entertainment hire union or local contractors for the $1 billion hotel/convention center project planned for the Chula Vista bay front.

WFI to Net $19.6M From Sale

WFI, the company formerly known as Wireless Facilities, announced July 5 that it sold a $21.6 million note receivable that it got as payment for its recent divestiture of its U.S.-based wireless engineering business.

Tuesday, July 3

Energy Commission Fuels Two Sandag Efforts

The California Energy Commission gave $450,000 to the San Diego Association of Governments to help the organization focus on its sustainable energy goals for the region.

TurningPoint Opens Oceanside Office

TurningPoint Executive Search Inc. announced June 15 the opening of its firm in Oceanside.

ISE Reports Growing Demand, Sales Backlog

ISE Corp., a Poway-based maker of hybrid electric drive systems for buses, has been seeing a growing backlog in orders for its systems in recent weeks, a company spokesman said July 3.

Dutch Real Estate Firm Buys Broadway High-Rise

Wereldhave USA, an international real estate investor with U.S. headquarters in New York, purchased one of downtown's most prominent office high-rises for $210 million.

Monday, July 2

Sales and Leases

Sales and Leases

Ceregene Signs a Partner for Parkinson's Disease Drug

Ceregene Inc. scored a big biotech partner in developing its phase two therapy for Parkinson's disease.

New York Developer Puts New Brand On Diegan

Fifth Avenue Partners has announced that the Setai Group will be the official operator of the Setai San Diego, a boutique hotel formerly known as the Diegan, under construction on downtown's Fifth Avenue.

SBA Program Encourages Returning Veterans to Launch Businesses

The federal government's Patriot Express Pilot Program creates an amazing opportunity for veterans, and other eligible personnel, in need of a financial boost to get their business going.

Coldwell Banker Expands Territory With One Source Acquisition

Coldwell Banker Residential Brokerage acquired one of the area's largest brokerage firms late last month for an undisclosed sum. Seaman Real Estate Services, which has been operating as One Source Realty, is now part of Coldwell Banker.

Entrepreneur Profile , Jeffrey Isaac

Jeffrey Isaac decided to stop practicing law twice and he believes that if he hadn't involved radio and television with his practice, he would have left a third time. Now, the 59-year-old runs a unique law practice under the name Lawyer in Blue Jeans Grou

New Music Supper Club Anthology Already Generating Buzz in New York

Trumpet player Jeremy Pelt says Howard Berkson has a good chance of putting San Diego on the map, as far as jazz goes. Open barely a month, Anthology has already generated buzz in New York, he added.

Pharmacy Board Under Pressure to Push Out Deadline for Electronic Drug Tracking

Drug companies, wholesalers, distributors and pharmacies won't have to electronically track California's drug supply until 2009, but Temecula-based FFF Enterprises is leading the nation in keeping its drug supply safe.

Goodrich to Take Flight With Rollout of 787

When Boeing Co. rolls out its 787 Dreamliner next week, San Diego-area aeronautics workers will be cheering, proud of their contributions to a plane that many say will shape the future of commercial aviation.

Iomega Finds Its Niche Reselling Online Security Services From Postini

Iomega Inc., a San Diego maker of data-storage devices, may have found a winning strategy for diversifying its business.

Hong Kong's News Media Taken Very Seriously Indeed

Hong Kong's News Media Taken Very Seriously Indeed

Marketers Marry Traditional, Techno Strategies to Reach Youthful Audience

Love, romance and glamour. Some marketing themes may be timeless. What has changed dramatically is how younger consumers are using media.

Ad Agencies Build Virtual Teams to Boost Production Capabilities

Veteran ad man Rob Weinberg presides over a "virtual" agency with wife and production manager, Randy Rose. "You have to have the right people," Weinberg said. "I have two fat Rolodexes next to my computer. I network constantly."

'Net Radio Stations Fighting Increase in Song Royalties to Start July 15

Internet radio stations staged a day of silence on June 26 to protest proposed increases in royalties levied on Internet radio by the Copyright Royalty Board of the Library of Congress.

Bosa Development to Top Out 43-Story Residential Structure Downtown

Progress Report

Tech Trade Pub Says Sharp Third Best Place To Work for IT Staff

Sharp HealthCare has landed in the No. 3 spot on a list of the best places to work in information technology, according to technology trade publication Computerworld.

Edison Will Buy Power From Sempra's Baja Wind Farm

A Sempra Energy subsidiary plans to develop a 250-megawatt wind-power generation project in Baja California, Mexico, and sell at least part of that power to Southern California Edison.

Hotels Pitch Camps For Kids to Attract Vacationing Families

Attractions aren't the only game in town for Generation Z. An increasing number of lodging properties are doing more than providing access to the Disney Channel.

Five Abraxas High School Students Win $500 Sunrise Rotary Scholarships

Each year since 1999, the Rancho Bernardo Sunrise Rotary has given scholarships to students at Abraxas High School. School's year-end in 2007 is no different as five students each received a $500 scholarship this week.

Correction

For June 25, 2007.

Business Opposes Eminent Domain Extension

National City has extended the timeline to adopt a controversial update to a redevelopment plan that would extend the power of eminent domain 12 years due to the numerous comments received from area businesses and residents.

Executive Profile , Marcy T. Rogers

Marcy Rogers calls SpineMark Corp. the "one-stop spine shop."

After Strike Vote, Union Workers and Grocers Return to Bargaining Table

Close to 60,000 union grocery workers voted June 24 on whether to accept a proposed contract or to strike, workers and an analyst said last week. Though the strike was authorized by a two-thirds majority vote of the workers, a walkout is not necessarily i

Interleague Play Proves to Be Home Run at Baseball's Ticket Booths

Since we're at midseason, what better time to review just how well our San Diego Padres are doing. Not on the field. The focus here is at the gate.

Regional Roundup

The annual San Diego County Fair reported revenue and attendance increases at the midway point of the monthlong event. And other news from around San Diego County.

Water Conservation Is the Order of the Summer

Water Conservation Is the Order of the Summer

Internet Puts Another Spin on Marketing to Generations

How do you take a local shoe brand and catapult it into a multimillion-dollar international blockbuster for the lucrative youth market? Ask the Carlsbad-based Lambesis Agency.

Storms Brewing on Horizon as Qualcomm Hosts Annual Cellular Technology Conference

The average consumer may not care about the operating system, but competitor microchip-making companies that have been battling for years with Qualcomm over patent rights to BREW, CDMA, and other technical backbones of the future of the industry, do.

San Diego People

Key Hires and Promotions. Executive Spotlight: Renee Tuzee

VC Firms Stream $27M Into Mobile Device Video Provider Ortiva Wireless

Ortiva Wireless said June 25 that it raised $15 million in financing from Comcast Interactive Capital, which led the Series B round with participation from current investors, Mission Ventures, Avalon Ventures and Artiman Ventures of Palo Alto.