Stories for June 2008
Monday, June 30
Anacomp Inc., which helps its clients automate and store their data online, is most definitely in the technology business.
Overland Storage Inc., a San Diego provider of data storage systems, said June 30 that it acquired the networked and desktop storage appliance business from Milpitas-based Adaptec Inc. for $3.6 million.
Leading off this week's compilation of news from around San Diego County: While the ailing U.S. economy is leaving cities with lower tax revenues and imminent budget cuts, Lemon Grove recently approved a balanced budget that gives many employees a pay rai
Although San Diego's tourism industry appears immune to higher gasoline prices, at least for now, officials fear that business travelers, including those coming for meetings and conventions, are more susceptible to the situation than leisure travelers, pa
Progress Report: Bilbro Construction Co. has completed construction of the Medical Imaging Center for Sharp Grossmont Hospital.
One local hotel executive has compared filling rooms in the summertime to selling Christmas trees in December.
A local security software maker has issued a warning about malicious code attacks over instant messaging networks.
High gas prices are affecting nearly every aspect of the U.S. economy , including real estate.
As unemployment rises, Mark Cafferty knows the public agency he heads up is getting more attention, but it's the kind of attention he relishes.
San Diego's stalling economy continued to sputter in May, based on a local economic index that showed an eighth straight monthly decline.
A governing board with the state's stem cell agency awarded $24 million in grants June 27 to help fund collaborative research on specific diseases and injuries and to further advances in new lines of human embryonic stem cells.
In a rare move for Big Pharma, Pfizer Inc. said last week that it would invest an initial $3 million into an early stage stem cell company
Gauging by crowded beaches and freeways, San Diego is off to a typical summer, where a wave of visitors pour west from Arizona to escape the blistering desert heat or south from Los Angeles for a relaxing getaway.
LandAmerica Financial Group Inc. is in the middle of a nationwide consolidation as it tries to reduce expenses to deal with the ongoing crisis in the housing industry.
San Diego's hospitality industry got off to a bang in June at the beginning of the peak travel season, thanks to some big events, including the Rock 'n' Roll Marathon, U.S. Open and BIO International Convention.
Five San Diego executives have been named Ernst & Young Entrepreneurs of the Year for San Diego County.
Southern California Gas Co. (The Gas Co.) has been awarded a U.S. Environmental Protection Agency 2008 Energy Star award.
The city of San Diego prevailed in another court hearing June 27 in a case it has been litigating since 1993 against Roque de la Fuente, a local developer.
Aaron Hall is CEO of Borrego Solar Systems Inc., which designs and installs solar electric systems for homes and businesses.
A recent investor survey by PricewaterhouseCoopers finds that the commercial real estate market, once a bright spot in the economy, is dimming.
Genzyme Corp. of Cambridge, Mass. and Carlsbad-based Isis Pharmaceuticals Inc. last week renegotiated terms of a deal to bring cholesterol-lowering drug mipomersen to the market.
Planned cuts to state health care programs for the needy take effect July 1, unless a class-action lawsuit puts a temporary halt to the measure.
Sales and Leases: Sanison LLC has purchased two units totaling 4,630 square feet from Green Arrow LLC for $1,250,100.
There are many success stories out there of businesses that started with an idea drafted on a napkin, or in the case of Koni Corp. in Otay Mesa, an idea built on a foundation of bedspreads and draperies.
Each summer, 96 percent of the vendors return to the San Diego County Fair.
The training wheels come off July 1 for motorists still adjusting to their new Bluetooth headsets.
One year after launching its U-verse television service in San Diego, AT & T; Inc. claims it's made strides in taking customers from the region's two major cable providers, but won't say how many.
There are no national economies anymore , only a global economy with a constellation of regional economies with strong cities at their core.
Friday, June 27
Target Logistic Services said June 27 that it will change its name to Mainfreight on July 1, reflecting the name of its new parent company.
San Diego's high-tech industry is proving to be fertile ground for new business creation.
SeQual Technologies Inc., a San Diego manufacturer of medical equipment, said June 26 that it has promoted Ron Richard to chief executive officer, effective July 1.
Fresh & Easy Neighborhood Market said June 26 that it plans to hire 750 employees in the next three months.
Thursday, June 26
Responding to dwindling attendance at Petco Park, the Padres announced June 26 a discount promotion for all the team's home games in July.
San Diego Gas & Electric plans to hold five events letting customers trade in old incandescent light bulbs for new, compact fluorescent bulbs at no cost to the customer, the Sempra Energy utility said June 25.
SYS Technologies Inc., a San Diego provider of information technology services to federal agencies, said June 26 its shareholders approved a previously announced sale of the company to Kratos Defense and Security Solutions Inc.
Lindbergh Field saw a 5.1 percent increase in the number of passengers flying in and out during May , a statistic that would have been higher if not for the double-digit decline in those taking international flights.
An index measuring the economic heft of San Diego County fell yet again in May.
Wednesday, June 25
Palomar Pomerado Health, which manages a hospital district covering 800 square miles, said June 24 that it is cutting 86 employees to help offset upcoming patient care costs.
April home prices in San Diego erased nearly five years of appreciation, according to the S & P;/Case-Shiller Home Prices Indices released June 24.
When it comes to rich folk, San Diego has more than its fair share, and the group gets bigger every year, according to the World Wealth Report from Merrill Lynch and Capgemini released June 24.
Web Editor Brad Graves provides highlights from the June 23, 2008 issue of the San Diego Business Journal.
Tuesday, June 24
Del Mar-based GreatCall Inc. said June 24 that it received $38 million in Series C venture funding.
Monday, June 23
Sales and Leases: Cardinal Investments recently acquired the site located at 12625 High Bluff Drive in Carmel Valley.
In 2004, California passed legislation to mandate use of a pedigree system to electronically track drugs from the manufacturer to the patient as a means of stopping the sale of counterfeit drugs through the gray, or secondary, market.
Leading off this week's compilation of news from around San Diego County: Construction has begun on Windy Point Corporate Center, a $3.4 million project that will house the University of St. Augustine sports medicine school in Twin Oaks Valley.
The UC San Diego Department of Music received a $3 million gift from Conrad Prebys to establish the Conrad Prebys Music Endowment.
We don't know what happened to 7,600 Bear Stearns employees on the chopping block following its acquisition by JP Morgan Chase & Co., but one landed a job in San Diego.
The practice of sincere humility, especially by the high-flying, is not particularly in fashion these days.
Flat sales of hybrid vehicles are a poor indication of current demand for the fuel-efficient autos, local dealers say.
San Diego-based Websense Inc. was deemed a front-runner in the data leak prevention market by top-tier industry research firm Forrester Research.
Nowhere is the global reach of the biotechnology industry more apparent than during its annual meeting, where the sound of foreign tongues fills hallways and flags of every nation splash color on a convention center.
The constant drone of audio explosions spewing out of computer speakers at The Office Games store in Mission Valley makes it clear a visitor is in another world, where virtual combatants are shot down by the dozens as new enemies lurk behind barricades up
Progress Report: Granite Construction Co. and the Pala Band of Mission Indians are jointly financing $26 million in improvements to state Route 76 in collaboration with the county of San Diego and the state Department of Transportation.
The falloff in housing prices and lack of land to build homes is signaling the end of an era for public builders and creating new opportunities for San Diego builders to reassert themselves, analysts and companies say.
Carlton van Putten says this is the year for business to accelerate growth on fleet tracking services, an annual $2.5 billion industry in the United States, according to C.J. Driscoll & Associates' market research.
Chula Vista's Otay Ranch Town Center opened a See's Candies store June 20.
ESET LLC introduced Mobile Antivirus, an antivirus software for smart phones.
Sequenom Inc. said June 23 that it plans to make a public offering of 5.5 million shares of common stock.
Falling home prices is unleashing pent-up demand. But too many buyers remain on the sidelines, according to the chief executive officer of Century 21.
A talk with Kimberly Bond, president of Mental Health Systems Inc.
A new kind of diesel vehicle , one that runs cleaner, quieter and quicker , will make its San Diego debut this fall, but how big of a splash it makes depends on fickle consumer reaction.
Since its $210 million acquisition of Firethorn Holdings LLC in November 2007, Qualcomm Inc. has wasted no time in forging relationships with big banks and wireless phone carriers to support mobile banking, which is growing in popularity.
The full picture of home sales emerged June 16 with the May numbers reported by DataQuick Information Systems, which not only looks at the Multiple Listing Service, but also property records from the San Diego County Recorder's office.
When a big British defense contractor formed a multinational team to write drone-control software, it chose eight people from Rancho Bernardo.
Carlsbad-based eVisibility Inc. said June 23 it plans to subsidize gasoline costs for its 35 local employees, capping the price at $2.25 per gallon.
Joseph Troya is vice president of Consolidated Contracting Services Inc., a commercial general contracting company.
The developer of the proposed Quarry Falls project, which would transform the working quarry between Mission Valley and Serra Mesa into a mixed-use commercial and residential village, has run headlong into an unusual NIMBY: fellow developer H.G. Fenton De
The unmanned aerial vehicle lives a life of patient waiting.
Unum, a Tennessee-based provider of group life insurance, agreed June 23 to pay $5.5 million in fines and penalties to the federal government after failing to disclose special fees it was paying to an unnamed San Diego-based insurance broker, in a signed
Golden Boys With The Golden Touch: I've got a must read for you, "Double or Nothing: How Two Friends Risked It All to Buy One of Las Vegas' Legendary Casinos," by University of San Diego grad Tom Breitling.
Friday, June 20
San Marcos-based Aromatica Organics, an organic specialty food and spice company, said June 17 that it had reached an agreement to acquire Pinch Plus LLC for an undisclosed amount.
The North County Transit District board voted unanimously June 19 to cut bus routes, raise fares and eliminate some services to balance its $91.8 million budget.
San Diego's unemployment rate jumped to 5.5 percent in May, up from 5.1 percent in April and well above the year-ago jobless rate of 4.1 percent, according to the state Employment Development Department's June 20 report.
Six San Diegans working at a downtown mortgage brokerage were charged June 19 with wire fraud as part of a nationwide prosecution of 406 individuals alleged to have participated in widespread mortgage fraud schemes, according to the U.S. Department of Jus
Thursday, June 19
Goodrich Corp. announced April 17 it received production contracts from national defense contractors Lockheed Martin and General Electric Aircraft Engines to upgrade 49 aircraft for the U.S. Air Force.
Demolition will soon begin to redevelop the 1950s-era Bay View Plaza at Clairemont Drive adjacent to the Best Western Mission Bay Hotel.
Offering more evidence that the housing crisis doesn't apply to the rich, a new luxury tower going up near Little Italy and two blocks from San Diego Bay is 80 percent sold, its developer said June 18.
A referendum to amend the Port of San Diego's master plan to allow for commercial development at the port's two maritime docks appears to have sufficient signatures to qualify for the Nov. 4 ballot, Registrar of Voters Deborah Seiler said.
An alliance formed June 19 between three of the state's life sciences trade organizations is aimed toward combining resources to help California retain its edge as a leading biotech innovator.
Leap Wireless International Inc., the parent to flat rate cell phone carrier Cricket Communications, said June 19 the wireless subsidiary plans to conduct two separate debt offerings to raise working capital, including the financing of its network expansi
Wednesday, June 18
Australia and Canada pledged their support to California's stem-cell initiative June 18 with partnerships intended to spur innovative stem-cell research.
BioMed Realty Trust, a real estate investment trust that owns and manages properties for biotechnology tenants, declared a second-quarter dividend June 17 of 33.5 cents per share of common stock.
San Diego's Public Library system gets a new director, Deborah Barrow, starting July 21, following the retirement of longtime director Anna Tatar, the city said June 17.
Tuesday, June 17
Carlsbad-based Dragon Alliance, an eyewear and accessory company, split from the Italian brand Oakley/Luxottica on June 13 and made the news public three days later.
A failed midstage trial sent shares of San Diego-based Acadia Pharmaceuticals down 40 percent June 16 to close at $4.83. Shares fell to $4.50 by midday June 17.
Carlsbad's Callaway Golf Co. got plenty of positive publicity this past weekend and at the U.S. Open Championship's June 16 playoff nearly won by one of its sponsored professionals, Rocco Mediate.
Wells Fargo said June 17 that it will provide $17.1 million for the tax-exempt bond financing for a 77-unit affordable housing complex near Petco Park.
La Jolla-based DataQuick says that home sales in May were down 12 percent on the year. Of those, new homes fell the most precipitously , by more than 55 percent on the year from 698 sold in May 2007 to 313 last month.
Boehringer Ingelheim of Germany said June 17 that it would acquire privately held San Diego biotech company Actimis Pharmaceuticals Inc. in a deal valued up to $515 million.
Monday, June 16
When it comes to the business of making bicycles and accessories, San Diego is definitely a big player.
Progress Report: The Corky McMillin Cos. broke ground on a 104,397-square-foot office building on Historic Decatur Road at Liberty Station in Point Loma.
Defense Secretary Robert Gates has announced the firing of two top Air Force officials for failure to adequately secure the nation's nuclear weapons, citing a report that found a "problem.
Is SeaWorld San Diego planning to open a new roller coaster ride in 2010?
It appears that Jack, the fictitious clown-faced CEO of Jack in the Box got the first and the last laugh with his "Sirloin vs. Angus" TV commercials that had a 12-week run last summer.
The downturn in the residential real estate market has prompted bidding wars for lower-end properties as lenders dump portfolios.
San Diego-based Pepperball Technologies Inc., a maker of non-lethal and less lethal launchers and projectiles, said it is merging with Louisville, Co.-based Security With Advanced Technologies Inc.
Christine Forester runs Christine Forester Catalyst, her own marketing consulting firm that caters to startups seeking venture capital, as well as established businesses.
A highly anticipated ruling on patent rights came down from the U.S. Supreme Court last week, providing clarity about whether patent holders can collect royalties and sue subsequent purchasers of their goods.
Tony Ellsworth sometimes elicits stunned looks when he tells people that he makes his product in this country.
Rick Kozlowski, whose Koz Enterprises organizes running and triathlon races, recalls his reaction when the co-founder of RaceGate.com, a former Web portal for endurance sports enthusiasts, made a business proposition to have event participants register on
Systems integrator TV Magic Inc. entered into a strange new world this year when it sent one of its digital video recording systems into Earth's orbit.
If there is a silver lining to the precipitous fall of home prices, it's that properties are more affordable to San Diego residents who didn't lose their shirts in the housing boom.
San Marcos-based sub shop operator Submarina Inc. opened its 57th Southern California location May 31 in Escondido.
Five years ago, former ZZZZ Best carpet cleaning charlatan Barry Minkow was released from prison after serving a sentence for fraud, racketeering and tax evasion.
Hospitals are notorious energy users, running lights all day and night, using high-powered equipment, and keeping operating rooms cool.
It's called "the beautiful game," but what transpired June 4 at Qualcomm Stadium was anything but.
Web Editor Brad Graves provides highlights from the June 16, 2008 issue of the San Diego Business Journal.
After spending 39 years as a professional diplomat, including serving as Argentina's ambassador to Japan and the United States, Alejandro Orfila moved to Rancho Santa Fe to retire and raise horses.
Video game researchers eager to discover what holds the interest of gamers young and old have donned their (virtual) thinking caps and equipped themselves with all the equipment of an avid gamer as part of a nationwide study involving 11 universities and
Ty Hauter is owner of WaveHouse, a Mission Beach-based restaurant, bar and athletic club that features a man-made wave machine that allows participants to surf.
The world's biggest biotech gathering convenes in San Diego this week, bringing with it an influx of scientists, investors and government officials. And a whole lot of spending money.
Microsoft is not a company you want to cross. The software giant, which reported $14.4 billion in revenues for the quarter ending March 31, filed lawsuits on June 9 against 21 companies nationwide, including one in San Diego.
The local chapter of the Church of Scientology is selling its downtown headquarters at 1330 Fourth Ave. and moving operations to La Mesa.
Qualcomm Inc. officials are hailing China's May 25 announcement that it plans to consolidate six state-owned phone providers into three , a strategy designed to foster more competition in the global 3G wireless space.
A San Diego real estate company is putting out the welcome mat for same-sex couples married in California.
Depending on who you talk to, the surfboard making industry is either drowning, holding on or ready to catch another big wave.
Supervisor Bill Horn is my weekly hero for starting to think outside the box about how to raise money creatively. When money is tight, the need for creative thinking surfaces.
During the last 10 years, mortgage bankers have been innovative, creative and competitive in the development of new products, many of which allowed thousands of families to become homeowners where they otherwise would have never qualified for traditional
It's no surprise that chief executive officers often say acquiring and developing the right talent is their No. 1 challenge.
The stock options fraud involving San Diego-based Wireless Facilities and its rogue options administrator may have been scandalous, but it was kindergarten stuff compared to another stock options case prosecutors are now focusing on.
Sales and Leases: The 8,400-square-foot industrial building at 5150 Naranja St. in San Diego has sold for $2.6 million.
Let's take a moment to look far down the fairway, so to speak
Leading off this week's compilation of news from around San Diego County: New Jersey-based Honeywell International Inc. said June 3 that it has signed a definitive agreement to purchase Intelligent Automation Corp. for an undisclosed price.
The Mental Health Association honored Paul Hering, managing principal and chief executive officer at Barney & Barney LLC, at the Healthy Minds Luncheon presented by Pharmaceuticals Research and Manufacturers of America and San Diego's business communities
That some major airlines serving Lindbergh Field have announced they're cutting the number of flights they operate this fall isn't the worst news to hit the local tourism industry.
As times get tougher for banks both large and small, more are considering joining forces.
Sunday, June 15
Mark Cafferty, a tenured director at the San Diego Workforce Partnership, the area's job training agency, was named chief executive officer, the agency said June 13.
Friday, June 13
KSWB-TV, which will switch its affiliation to the Fox Television Network, has announced the hiring of Arthel Neville as the anchor for "Fox 5 Morning News." The show is set to debut Aug. 1, the day of the change.
The spring rebound in Fallbrook and Bonsall real estate activity continued in May, according to Jerry Kalman, a Fallbrook-based real estate agent who analyzed data from Sandicor's Multiple Listing Service.
The San Diego Housing Commission has promoted one of its housing supervisors to direct the agency's rental assistance department, which manages the "Section 8" Housing Choice Voucher Program.
RF Industries Ltd., a San Diego distributor of cable assemblies and connectors, reported June 13 its net income of $542,000 for the second quarter ended April 30 was triple the net profit it had for the like quarter of 2007.
Barnhart Inc., a San Diego-based general contractor and construction manager, said June 13 it was awarded an $8.3 million contract to repair barracks at Marine Corps Recruit Depot San Diego.
Granite Construction and the Pala Band of Mission Indians plan to break ground June 20 on $26 million worth of improvements to state Route 76.
San Diego-based Epsilon Systems Solutions Inc., a government contractor, said June 9 that it received a $3.9 million subcontract to provide support to the U.S. Department of Energy National Training Center in Albuquerque, N.M.
A publicly traded mutual fund managed by San Diego-based American Money Management LLC was ranked the best among 527 funds competing in the same category, fund managers said June 12.
Thursday, June 12
A Swedish construction company said June 12 it entered into a $66 million contract to extend state highways in the San Diego region.
The Children's Museum Park at the corner of Front Street and Island Avenue is being dedicated June 12.
Shares of Carlsbad-based Invitrogen Corp. were trading down June 12, a day after the company said it would buy competing life sciences tool maker Applied Biosystems Group for $38 a share.
Qualcomm Inc. said June 12 that third-quarter revenue and earnings will likely beat its previous forecast.
Ernesto Zedillo, the president of Mexico from 1994 to 2000, is the keynote speaker at a Nov. 15 dinner celebrating the 25th anniversary of La Jolla's Institute of the Americas, the independent think tank announced June 11.
Wednesday, June 11
Making an appearance June 10 in Mission Valley, Gov. Arnold Schwarzenegger said the state has set aside $9 million to replace old buses in San Diego.
Klingbeil Capital Management purchased three San Diego multifamily properties from local contractor Mabie & Mintz Inc. for $31.4 million, according to a CB Richard Ellis announcement June 11.
Home sales broke out of their slumber in May as single-family detached homes and condos sold in San Diego County rose across the board for the second consecutive month, and marked the first year-over-year increase in 30 months.
The U.S. Navy awarded General Dynamics Nassco a $100 million contract to purchase materials for the construction of another cargo/ammunition ship, the 12th in a series, the company said June 11.
Illumina Inc. said June 11 that it will participate in a pilot phase of the 1,000 Genomes Project, an international effort to provide a more detailed look at the genetic variation of individuals for medical research purposes.
Tuesday, June 10
Ernst & Young LLC announced the winners of its San Diego County 2008 Ernst & Young Entrepreneur of the Year Award June 9 at the La Jolla Hyatt.
Michael Ellis, the former National City police officer who founded Metabolife International, the San Diego maker of a hugely popular weight loss supplement, was sentenced to six months in federal prison June 9.
San Diego County employers aren't planning to hire during the upcoming third quarter as much as they have in the current quarter, according to a survey of local companies done for Manpower Staffing Services released June 10.
Monday, June 9
A talk with Bill Littlejohn, CEO and senior vice president of Sharp HealthCare Foundation
Leading off this week's compilation of news from around San Diego County: A developer plans to break ground this summer on a hotel that would fill a void for business travelers, educators and construction workers coming to the area
Sales and Leases: Carlsbad Village Self Storage, located at 3235 Tyler St. in Carlsbad, has been sold.
Scripps Memorial Hospital Encinitas has been given a home in Fairbanks Ranch valued at $3.8 million.
Adheris Inc. quietly changed its name from Elensys Care Services following consumer outcry regarding alleged medical privacy violations.
More ships will bring more tourists to San Diego's shore this year.
California has resurfaced as one of the nation's top international destinations, thanks to a huge bump in marketing funds, but San Diego isn't exactly sharing in the bounty.
Don't be a chump about those chimps, says an animal rights group.
After decades of benign neglect and failed attempts to revitalize Brown Field Municipal Airport, the city of San Diego is in exclusive negotiations with Brown Field International Business Park LLC of Carlsbad to redevelop the historic Otay Mesa airfield.
Paul O'Sullivan has spent years working on U.S.-Mexico relations. The co-founder of the San Diego-Tijuana Sister Cities Society and ex-senior policy adviser and multinational envoy for former San Diego Councilman Byron Wear and state Assemblyman Juan Varg
Progress Report: Ninyo & Moore Geotechnical and Environmental Sciences Consultants was retained by Nadel Architects to perform a geotechnical evaluation for the replacement of Fire Station No. 22, located at 1055 Catalina Blvd. in Point Loma.
Carlsbad-based GenVault Corp. said June 9 that it received $13 million in venture financing led by Montagu Newhall Associates.
L'Auberge Del Mar, a luxury seaside resort, has come out of hibernation after a seven-month, $26 million renovation.
What's under the sink, in the garage, in the toolbox and now easier to find online?
Barnhart Construction, the builder of Lindbergh Field's Terminal 2 expansion and one of the builders of Petco Park, has been acquired for an undisclosed sum by Heery International, based in Atlanta, the two companies said June 5.
Loma Alta Village, located directly across the street from the new Sprinter station in Oceanside, has attracted its first large tenant, largely due to its proximity to the public transportation hub.
Vincent Heald is Principal of Beck Ellman Heald Public Relations, a public and media relations and communications firm founded in 1986 that has clients in the automotive, health care, real estate and hospitality industries.
The Otay Mesa industrial market, which accounts for about one-tenth of the industrial building inventory in San Diego County, has plenty to offer right now.
Brokers and agents say they're getting lots of "tire kickers" from investors looking for space, but it's taking longer to close deals.
The Marines are building a $54.5 million Special Operations Command Headquarters at Camp Pendleton to provide mission support and training for 890 special operations Marines.
Qualcomm Inc. is reinventing the postage stamp-sized video display on cell phones and other consumer electronics.
Understandably, given the lousy housing market, the nation's savings and loan lenders, which specialize in mortgages, aren't thriving.
The world's largest collection of robots, drones and other unmanned systems is coming to San Diego.
With U.S. public transit ridership at a 50-year high, the state Transportation Commission met May 29 to discuss ways to relieve train congestion, but don't expect changes to come quickly.
While consumers cut back on their spending and fret about rising food and gas prices, mall owners in San Diego County are talking expansion.
Ray Patchett joined the North County Transit District on June 6 to serve temporarily as executive director of the struggling bus and rail agency.
Barely catching its breath after hosting the Rock 'n' Roll Marathon on June 1, the tourism industry is now preparing to drive more spending at the U.S. Open Championship.
Beginning July 1, tens of thousands of drivers in California may be surprised by a $20 ticket for talking on their mobile phone.
The U.S. Open Championship isn't the Super Bowl , not by a long shot. But it's one of the biggest sporting events the city has ever hosted ...
Web Editor Brad Graves provides highlights from the June 9, 2008 issue of the San Diego Business Journal.
Hoping to carve out a niche as a broker of choice in San Diego's future development hot spots, a Colliers International report identifies three redevelopment areas that offer big investment opportunities by 2020.
Friday, June 6
Honeywell International Inc. said June 3 that it has signed a definitive agreement to purchase Intelligent Automation Corp. for an undisclosed price.
Accredited Home Lenders Holding Co. named Jeff Walton chief executive, the mortgage company said June 6. He replaces Jim Moran, who had been interim chief executive since February.
Truck haulers who do business with the San Diego Unified Port District are being asked to participate in a voluntary clean truck program that could pay for most of the costs for improving their vehicle's exhaust system, or help replace older trucks.
Parking rates at Lindbergh Field were raised June 5 with the short-term rate of up to 30 minutes doubling from 50 cents to $1 following action by the San Diego County Regional Airport Authority, the public board that manages the airport.
Thursday, June 5
Barnhart Construction, the builder of Lindbergh Field's Terminal 2 expansion and one of the builders of Petco Park, has been acquired for an undisclosed sum by Heery International, based in Atlanta, the two companies said June 5.
Developer Michael Crews is trying to drum up interest in real estate again by giving away a $400,000 row house with the purchase of a luxury estate home in San Pasqual Valley.
Toyota Motor Sales said June 4 that its plant in Tijuana was awarded a gold medal, ranking it the No. 1 car plant in North America by J.D. Power and Associates, reflecting the lowest number of defects per 100 vehicles made among plants in North America an
SAIC, the San Diego-based research and engineering firm, said June 4 it was awarded a task order by the U.S. General Services Administration which will be worth $454 million if all options are exercised.
Construction has begun for the Marketplace at Santee, a 71,530-square-foot neighborhood shopping center at the intersection of Mission Gorge Road and Carlton Hills Boulevard in Santee, a San Diego developer said June 4.
Wednesday, June 4
The bankruptcy filing of San Diego-based Steakhouse Partners Inc. last month does not affect a Carvers Restaurant in Rancho Bernardo in any way.
Diagnostic disease kits maker Gen-Probe Inc. launched a conditional tender offer to acquire Innogenetics, a Belgian molecular diagnostics company, for approximately $334 million in cash June 3.
A park-and-ride service offering a shuttle from an Otay Mesa parking lot to Tijuana International Airport opened June 2.
San Diego Mayor Jerry Sanders took 53.9 percent of the vote in his bid for re-election June 3, coming in first in a field of five candidates, according to unofficial results released by the county registrar of voters at 2 a.m. June 4.
Tuesday, June 3
The county of San Diego said June 3 that it received the highest rating possible from Standard & Poor's, for short-term financing notes the county will issue this month.
For the first time, San Diego State University plans to affix a name to one of its schools, following a $10 million gift from Gertrude Lamden.
SAIC, a San Diego-based engineering and research firm, reported June 3 net income of $100 million for its first quarter that ended April 30, an increase of 25 percent from net profits of $80 million in the like quarter of its prior fiscal year.
Monday, June 2
Affirmed Housing Group recently purchased a downtown property to build what it calls the largest affordable housing project in the state , a 23-floor high-rise at 1050 B St.
Carlsbad-based NTN Buzztime Inc. said May 30 that Michael Fleming has been named interim chief executive officer as well as chairman of the board.
Web Editor Brad Graves provides highlights from the June 2, 2008 issue of the San Diego Business Journal.
Garry Grant, president and chief executive officer of Carlsbad-based Search Engine Optimization Inc., is doing more than improving his clients' visibility online.
Citing increased demand for its product, a Rancho Bernardo manufacturer will pull up stakes this year and move to Poway, where there's more room to grow.
Sean Hamm is president of Five Alarm Security, a Carlsbad-based company that provides commercial and residential security systems, fire detection and medical alerts.
Seeing workplace wellness as an area with big demand, Bryan Van Noy and Danna Korn last year pooled $75,000 of their savings and went to work.
Callaway Golf Co., which makes golf equipment and outerwear, said May 29 that it plans to shut down a golf ball manufacturing plant in Gloversville, N.Y., at the end of July and move the work to China.
Midstage data on an investigational drug being developed by Tioga Pharmaceuticals Inc. showed promising results for treating irritable bowel syndrome, a common and chronic gastrointestinal disorder thought to afflict as many as one in five adults in the U
A highly competitive National Institutes of Health grant designed to accelerate the pace of moving basic science from the laboratory to the patient will give the Scripps Translational Science Institute access to $20 million over five years.
Given the excessive compensation executives of many public firms receive, you'd think a shareholder proposal to ratify such pay packages would receive near unanimous support.
Taking a gamble on natural gas has paid off for a local energy company, although predictions of how long the ride will last remain inconclusive.
A simple cheek swab and a few hundred dollars can reveal a person's predisposition to everything from breast cancer to hair loss.
As San Diego golf fans anticipate the first U.S. Open Championship to tee off in their own backyard, golf manufacturers and retailers say its impact will vary for individual companies.
Four years ago when Oceanside resident Staci Brillhart became a mom, she was not ready to give up a career.
True Religion Apparel Inc., an American premium clothing brand, announced May 22 the opening of a new retail store at San Diego's Fashion Valley mall.
Up to 60 defense technology firms, including many based here in the San Diego region, will showcase products for government and commercial use at the fifth annual Security Summit scheduled for June 4 and 5 at Liberty Station.
Junior Achievement of San Diego and Imperial Counties and Point Loma Nazarene University recently held a student entrepreneurial competition at JA's BizTown.
What do international trade and marriage have in common?
Progress Report: Bosa Development, developers of the Electra residential tower in downtown San Diego, says interior space improvements are under way in San Diego State University's 2,800-square-foot art gallery.
The Centre City Development Corporation should be more careful about taking credit for its projects and identify the true source of funding, which is the city, not CCDC, according to a county grand jury report released June 2.
Leading off this week's compilation of news from around San Diego County: Fat Quarters Quilt Shop has a new owner following last month's sale of the business to Michelle Joyner by Roma Olberding, who owned and managed the store for about three years.
Demand for lab space among midsize biotech companies is steadily pushing vacancies downward, perhaps below 6 percent this year, and prompting more subdivision-conversions of large space, according to Cushman & Wakefield Inc. real estate brokers.
A talk with Barbara Mannino, CEO of Vista Community Clinic
Sales and Leases: Nine units totaling 46,162 square feet in the Ocean Terrace Professional Center, located at 3601-3637 Vista Way in Oceanside, have sold for $16,259,000.
A newly established venture philanthropy fund set up by longtime charitable donor and Burnham Institute for Medical Research trustee Arthur Brody is allowing Burnham a chance to invest in the science and technologies it had a hand in discovering.
When San Diego Magazine's June issue hits subscribers' mailboxes, it will also hit the Web, offering consumers a choice for the first time.
Last April marked 25 years since the publication of the seminal report, "A Nation At Risk" , which became a milestone in the history of U.S. education.
OK, OK, OK ... so the insider got beat on the scoop about failed Republican presidential candidate Mitt Romney house shopping in La Jolla. But did you know ....
With help from a local nonprofit, a San Diego neighborhood once blighted and unsafe is building a reputation as a model of how to turn things around.
Last week Andreas Roell, CEO and president of Geary Interactive, sat down with the Business Journal contributor Mark Larson to answer key questions about his growing industry and its future.
I have always been a glass is half full guy versus a half-empty glass guy. Along that line, I want to put some thoughts on the table about taking advantage of lean economic times to increase your business.
Steakhouse Partners, a San Diego-based operator of 21 restaurants in seven states, has filed for Chapter 11 bankruptcy protection.