Stories for May 2012

Thursday, May 31

Recession Over? Some Small Businesses Aren’t So Sure

The vast majority of small business owners still think the national economy is in a recession, according to the third annual survey by US Bank, released May 30.

Five Companies Receive Navy Contracts

The Space and Naval Warfare Systems Center Pacific recently awarded contracts to five businesses with San Diego offices, giving all the chance to compete for task orders to support Navy electronics projects.

Qualcomm to Sell Spectrum and Develop India Network

New Delhi-based Bharti Airtel Ltd. will acquire 49 percent of certain Indian businesses held by Qualcomm Inc. for $165 million, the two companies announced recently.

Bond Deal to Save East County School District $4.9M

Grossmont Union High School District said on May 29 that it will save $4.9 million over 11 years after it refunded or refinanced $54 million in higher interest bonds it issued in 2006 for a variety of improvements at the 12-school district.

Wednesday, May 30

Cubic Delivers Training Gear to Jordan

Cubic Corp. said recently that it has wrapped up delivery of a mobile combat training center to the country of Jordan. The deal was worth $17 million.

Vibra Bank Gets ‘Super Premier’ Designation

Vibra Bank, with a single office in Chula Vista, said May 29 it was awarded a Super Premier Performance designation by The Findley Reports, an Orange County based financial services research firm.

South Bay Expressway to Reduce Tolls

Tolls on state Route 125, also known as the South Bay Expressway, were cut following a vote by the board of directors of the San Diego Association of Governments on May 25, according to the agency.

Companies Line Up to Support Children’s Event

A sunset cocktail party set for June 6 at a site overlooking Mission Bay will benefit The Children’s Initiative, a nonprofit organization that works to improve the lives of children and youth in San Diego.

Tuesday, May 29

Sangart Raises $50M in Series G Funding

Biopharmaceutical company Sangart Inc. said that it received $50 million in its series G round of venture capital from previous investor Leucadia National Corp. of New York.

MediciNova Asthma Compound Poised for Late-Stage Trials

Local biopharmaceutical company MediciNova Inc. received enough positive news from a phase 2b clinical trial evaluating its MN-221 asthma compound to pursue planning for phase 3 trials.

EDC Gets 11 New Board Members, New Chairman

The San Diego Regional Economic Development Corp., the privately funded organization charged with attracting and retaining business to the area, named commercial real estate executive Stath Karras as its chairman on May 24.

Local HR Executive Pulls in National Honor

Business Insurance, a national magazine published by Crain Communications Inc., has named San Diego executive Merry DeMartino its benefit manager of the year.

Monday, May 28

Smooth Transition Is a Must For Replacement Hospital

HEALTH CARE: Camp Pendleton Contract Is Valued at $451 Million

Construction projects are a rare find in San Diego these days and even scarcer is a military building project the size of the 500,000-square-foot Naval Replacement Hospital Project under way at Marine Corps Base Camp Pendleton.

Tease photo

Opportunity Hides In Defense Budget

ECONOMY: San Diego May Weather Spending Cuts Well

Unless you have been living on the moon for the past year you are aware that an impending deadline looms over the U.S. budget process.

Military Is a Formidable Force for R&D

SCIENCE: Defense Dollars Fund Medicines and Weapons

San Diego’s science and innovation cluster combined with a large concentration of defense and defense-related industries creates the perfect climate to attract funding from the Department of Defense.

Tease photo

Power Couples: David H. Grundies and Diane L. Schneider

Twenty-some years after graduating from the same small university in North Carolina, their paths came together in San Diego.

Center’s Supporters Fund Efforts to End Abuse in Community

Center for Community Solutions raised $135,000 at its 13th Annual Tea on the Town at the San Diego Marriott Mission Valley. The funds raised support CCS programs for sexual assault, domestic violence and elder abuse prevention.

Tease photo

Our Military Role Serves Region and Country

Mention that you live in San Diego to just about anybody who doesn’t and, after the usual acknowledgement of our fabulous weather, beaches and natural beauty; the inevitable linkage to the military emerges.

Military and Civilian Hospitals Collaborate to Improve Care

HEALTH CARE: Reciprocal Training of Doctors Has Long History in San Diego

Although it may come as a surprise to some patients, it’s not too unusual to see service members providing medical care at Scripps Health, UC San Diego Medical Center or Sharp HealthCare.

Tease photo

Key To Survival

HEALTH CARE: Medical Center’s Vital Role Should Save it From Budget Cuts

Though military health care services are one of the larger targets of defense spending cuts, local leaders hold out hope that Naval Medical Center San Diego will be spared severe financial hits.

Tease photo

Navy’s Pacific Focus Benefits Region’s Ship Repair Industry

DEFENSE: Customer Has to Squeeze More Years Out of its Fleet

Two key factors are helping drive the San Diego ship repair industry: the ongoing shift of most of the U.S. Navy’s fleet to the West Coast, and a move to extend the life of the vessels, say several local industry observers.

Money Follows as More of U.S. Navy Fleet Heads to San Diego

DEFENSE: Ships and Crews Have Huge Impact On Region’s Economy

San Diego is home port to more than 50 U.S. Navy surface ships and half a dozen submarines, with at least an additional dozen ships expected to drop anchor over the next decade.

Tease photo

MLP Spells Work For NASSCO

SHIPS: Firm Building 3 New Mobile Landing Platform Ships

The only major shipyard on the West Coast won’t be slowing down just because the last of a line of Navy dry cargo ships will be delivered this year.

Tease photo

Footprint May Shrink Along With Budget

REAL ESTATE: Impact On Region Will Be Gradual

Local real estate experts don’t expect defense-related firms to immediately shrink their office and industrial space footprints, even if Pentagon spending sees big cuts in the coming year.

UAVs Should Make A Soft Landing

AIRCRAFT: Strong Support Can Smooth Fiscal Turbulence

Lose the battle, win the war. The saying might apply to San Diego’s unmanned aircraft builders.

Tease photo

Military Ranks High for Generating Hospitality Business

TRAVEL: Armed Forces Draw Diverse Visitors; Budget Cuts a Concern

Leaders of local hotels and other hospitality-related businesses are watching for the potential impact if military spending takes a big hit in 2013 and beyond.

Bring on the Engineers: Contractors Take the Place of Sailors

DEFENSE: Small Crews On Littoral Combat Ships Need Help from Business

Every cloud has a silver lining.

Military Construction Projects No Longer Builders’ Lifeline

BUILDING: Boom Was Big Benefit in Recession; Firms Seek Other Projects

U.S. military requirements will continue to keep local construction firms busy in coming years, regardless of what happens with Pentagon spending, although, company leaders say they’ve long been preparing for the postboom period for San Diego County projects.

Spawar’s ‘Weapon’ of Choice Is ‘Information Dominance’

TECHNOLOGY: Agency Taps Top Minds, Machines For New Ways of Warfare

The folks at the Navy’s Space and Warfare Systems Command, Spawar have a clear-cut mission: dominate the enemy through information gathering and transfer.

Cubic Delivers Training Gear To Jordan

Cubic Corp. said recently that it has wrapped up delivery of a mobile combat training center to the country of Jordan. The deal was worth $17 million.

Developer Says Navy Broadway Complex on Course

DEVELOPMENT: Navy Still Committed; Hotels Express Interest in Site

Future Pentagon budget uncertainty is not expected to derail long discussed plans by Manchester Financial Group to develop the Navy Broadway complex in downtown San Diego.

Tease photo

Base Closure Threat Not Expected to Hit Home

ECONOMY: Area Seen as ‘Relatively Safe;’ Strategic Value Is on the Increase

Just mentioning the acronym in certain circles elicits frowns.

Popular Book Celebrates Its 25th Anniversary

High-profile San Diego-based business guru Michael E. Gerber is celebrating the 25th anniversary of his New York Times perennial best-seller, “The E-Myth, Why Most Small Businesses Don’t Work and What to Do About It.”

Friday, May 25

Local Construction Contracts Up 59 Percent in 2012

San Diego County’s contracts for future construction rose 59 percent in the first four months of 2012 compared with the same period a year ago, according to data reported May 23 by New York-based McGraw Hill Construction.

Zebit Raises $25M in Series D Round

Zebit, a brand of San Diego-based Global Analytics Holdings, closed a $25 million series D round of venture funding to finance the rollout of a platform serving micro lending, the company announced May 24.

Security Business Bank Shareholders OK Sale

Security Business Bank of San Diego shareholders approved the sale of the $225 million community bank to Spokane, Wash.-based AmericanWest Bank at the May 17 shareholders meeting, the bank announced May 24.

Silvergate Bank Expands in East County

Silvergate Bank, based in La Jolla and with five branches, said its La Mesa branch at 8530 La Mesa Blvd. recently expanded into a new, 3,420 square foot location, just west of Jackson Drive.

Thursday, May 24

Suneva Adds Spear Product Line

San Diego-based aesthetics company Suneva Medical is expanding its product line for the dermatology, plastic and cosmetic surgery markets with the recent acquisition of a product portfolio from Spear Pharmaceuticals.

Pat & Oscar’s Switching to New Name and Concept

A group of former franchisees of locally based Pat & Oscar’s have rebranded the restaurant chain as O’s American Kitchen.

SDSU to Offer Hospitality Master’s Degree

The California State University chancellor’s office has granted final approval for a new Master of Science in Hospitality Tourism and Management degree being offered by San Diego State University.

Reaction Design Finds Larger Quarters

Reaction Design, a San Diego maker of software for the auto manufacturing industry, said it relocated to larger offices in Sorrento Valley to accommodate its growth and efficiency.

Wednesday, May 23

JH Cohn to Merge

JH Cohn LLP, a national accounting firm based in New Jersey and with an office in San Diego, is merging with the Reznick Group PC, a firm based in Bethesda, Md., the firms said May 22.

Parametric Sound Reports Quarterly Loss

Parametric Sound Corp. — which offers audio technology for digital signage, kiosks and related uses — recently reported a net loss of $961,297 for its second quarter, which ended March 31.

Sculpture, Eatery Cap $25M Westin Renovation

The Westin Gaslamp Quarter has installed a new 40-foot sculpture, called “Flame Thrower,” outside the 450-room downtown hotel, as operators near completion on a $25 million renovation of the property.

Port Plans Workshop on Capital Improvements

Residents and business operators can give input on the Port of San Diego’s future capital improvements, at a public workshop scheduled for May 31.

Tuesday, May 22

Hospital to Offer Pediatric Heart Transplants

Rady Children’s Hospital-San Diego says that it expects to conduct its first pediatric heart transplant before the year is over.

Excel Buys Arizona Retail Center for $41.8M

Excel Trust Inc. has purchased an Arizona shopping center for approximately $41.8 million, the San Diego-based real estate investment trust announced May 21.

Business Park Acquisition Gets Interim Financing

Marcus & Millichap Capital Corp. and The Real Estate Finance Group have arranged $15.4 million in interim financing for the acquisition of a 245,000-square-foot business park in El Cajon, the companies announced recently in separate statements.

Padres Ticket Sellers Play With Spunk

The San Diego Padres aren’t winning much this season, but the team’s season ticket sales staff maintained its No. 1 rank for the best ticket selling team in the majors, according to a recent report from Sports Business Daily.

Monday, May 21

Surveys Say San Diego Is Business Friendly and Tech Minded

San Diego’s reputation as both a low cost place to do business and a top technology center was bolstered May 17 by the release of two reports.

Sempra, BP to Expand Maui Wind Operation Again

Sempra U.S. Gas & Power, a unit of Sempra Energy, and BP Wind Energy announced plans to jointly develop a fifth wind generation project on the Hawaiian island of Maui, the companies said May 17.

Four Retailers Added at Westfield UTC

Four new stores have joined the retail line-up at Westfield UTC, as part of the San Diego mall’s ongoing $180 million renovation.

Chula Vista Medical Plaza Sells for $24.6M

Griffin-American Healthcare REIT of Newport Beach has purchased Centre Medical Plaza in Chula Vista for $24.6 million, CoStar Group reported May 16.

Mortgage Banks and Brokers Making a Comeback

REAL ESTATE: Loan Demand Exceeds Housing Inventory

BluFi Lending, a Carlsbad-based mortgage bank, recently opened an office in Mission Valley, another signal that the housing market is slowly rebounding.

San Diego Thinks Globally While Outsourcing Its IT

Behind in local news? The San Diego City Council OK’d Mayor Jerry Sanders’ much touted IT outsourcing plan, awarding contracts to two vendors to manage the city’s computer and Internet networks. But elected officials didn’t stay local, or even stay technically within the U.S., when it came to finding vendors to help maintain the city’s high-tech equipment.

Biotech Hubs Are Firm’s Stepping Stones to Success

BIOTECH: BioSurplus Looks for Boston Outlet, Also Expanding Services

BioSurplus is ambitiously making its way into major biotech hubs one metropolitan area at a time.

Tease photo

UPS Worker Became an ‘Over-Night’ Success

SERVICES: Midnight Shift Led to Leadership Role in SoCal District

Ken Cherry never imagined the part-time job he took while attending college would lead him to where he’s at today.

Tease photo

Kratos Wraps Up $100M Stock Offering

Kratos Defense & Security Solutions Inc., a San Diego provider of security solutions to defense, government and industrial clients, completed a public stock offering of $100 million with B. Riley & Co. acting as sole underwriter, the company said recently.

Accelrys’ IT Platform Collects R&D Data in a Central Place

TECHNOLOGY: Firm’s Structured Framework Will Help Data Sharing

The scientists at Accelrys Inc. have developed a new IT platform to help boost the productivity of companies that depend on scientific innovation to succeed in the marketplace.

Manchester Has Grand Plans for Mixed-Use in Mission Valley

REAL ESTATE: Developer Is Confident in Obtaining Approval, Leasing Space

A representative of developer Douglas Manchester says market factors are shaping up in favor of an ambitious $200 million mixed-use project planned for the Mission Valley campus of U-T San Diego, although, several hurdles must be cleared during the next three to four years.

Contractor Finds Demand Building for Multifamily Projects

REAL ESTATE: Low S.D. Vacancy Rate, Housing Crisis Fallout Are Factors

The early months of 2012 find local contracting companies like Wermers Multi-Family Corp. continuing to ride a wave of rising demand for apartments, as woes linger for single-family housing across much of the nation.

Tease photo

Sauer Purchases Assets of Poway-Based Wind Energy Firm

Energy: Helix Name Kept; Acquisition Said To Be Boon to Region

Compatible wind turbine companies are combining forces with the recently announced acquisition of Poway-based Helix Wind Corp. by Sauer Energy Inc. of Newbury Park.

Addressing Change In La Jolla Is Tricky

SERVICES: Post Office Proposal Stirs Identity Issues

The U.S. Postal Service’s plan to move from its 1930s-era post office in central La Jolla has generated a wave of emotion in a town that treasures its identity.

Tease photo

All Options Are on the Table for Region’s Energy Needs

Energy: Geothermal, Natural Gas, Nuclear, Wind Feed Into Grid

With the San Onofre Nuclear Generating Station down for repairs and no restart date, utility San Diego Gas & Electric Co. and the state’s grid operator have been busy planning for a hot summer and a potential load on the electrical system.

Tease photo

Efforts Bring Magic Night to Hundreds of Special Students

Going to prom is a rite of passage for high school students, even those who turn out to be lawyers.

Regional Report

News and notes from communities around San Diego County

Tease photo

Real Estate Roundup

Projects, developments and other activity in cities in and around San Diego County

Tease photo

Tailoring the Right Financial Fit Is Goal of Wealth Management

FINANCE: Best Results Come From Knowing Customer and Climate

Think San Diego’s someplace special when it comes to high number of well to do, if not outright rich residents?

Wealth Management Firms Put Moneymaking Tactics to the Test

Finance: Variety of Firms Vie for Personal, Institutional Accounts

The 2012 San Diego Business Journal list of Wealth Management Firms includes different types of companies who are in the broadly defined category of wealth management.

Tease photo

Executive Profile: Clark Guy

While studying at San Diego State University, Clark E. Guy began his career with Merrill Lynch and had role models there that taught him the value of integrity in a business relationship.

Mozart and Motors: Audi A8L 3.0T an Otherworldly Experience

I am Master of the Universe.

Tease photo

Donation Helps Hospice and Honors the Life of a Friend

Manpower San Diego owners, Catherine and Phil Blair and Linda and Mel Katz, have made a contribution to San Diego Hospice Inpatient Care Center to rename the lobby as the “Manpower Lobby.”

Union Math Leaves Out Some Key Numbers

San Diego is a relatively poor county, when compared to the other leading counties in California. That might surprise you because in California, and across the country, San Diego gets lumped in with its wealthy neighbors.

Be a Choreographer of Customer Experiences

Apple Store customers enjoy their experience, despite the seeming chaos of masses of people.

Qualcomm Powers Ahead

AUTOS: Company to Charge Electric Vehicles Wirelessly

Qualcomm Inc. brought a U.K.-based electric-powered racecar, the 850-horsepower Lola-Drayson B12/69EV, to its main Sorrento Valley campus recently to display the technology behind its latest foray into wireless electric vehicle charging systems.

Tease photo

Open For Business

EDUCATION: Rady School Expands Campus, Mission

The Rady School of Management at UC San Diego recently reached what it considers a significant milestone, as it focuses on preparing tomorrow’s company creators along with those future corporate managers.

Tease photo

Theme Parks Rev Up for Summer Season

TOURISM: SeaWorld’s Manta Coaster Among New Attractions

Its parent company does not divulge exact costs, but operators say the construction of SeaWorld San Diego’s Manta coaster, scheduled to open May 26, represents the largest new capital expenditure in the Mission Bay park’s 48-year history.

Mortgage Veteran Starts New Venture

FINANCE: Robbins Saw Housing Crash Coming, Now Senses Opportunity

John Robbins, who launched two successful mortgage companies in San Diego, is back in the game.

Arena Pharmaceuticals Gets a Preliminary OK

MEDICINE: Three San Diego Pharmas Are Developing Promising Obesity Treatments

The FDA advisory committee’s recent thumbs-up vote for the anti-obesity drug lorcaserin has focused the national spotlight on the medication’s developer, Arena Pharmaceuticals Inc. as well as two other San Diego area companies that also hope to obtain FDA approval to market new weight-loss drug therapies.

Invest in Health

Advertorial: 2012 Healthiest Companies Supplement

Smart investments pay huge dividends. Investing in corporate wellness programs paid off for 20 local businesses that are being recognized as winners in “San Diego’s Healthiest Companies 2012 Awards”.

High Net Worth Women as an Economic Force

Advertorial: Wealth Management Supplement

Historically, the world of financial planning and investing has been male-dominated. Based on a variety of surveys, 75 percent of financial planners, 80 percent of brokers and an astonishing 93 percent of hedge fund managers are male.

“Shift Your Thinking” Investment Symposium

Advertorial: Wealth Management Supplement

Some came to get educated while others came to get acquainted. A cross section of local investors were brought together at the Hilton La Jolla Torrey Pines to experience a unique financial forum that focused on alternative strategies to maintain an appropriate income return in today’s low yield environment.

Taking Care of Others Starts with Taking Care of Ourselves

Advertorial: 2012 Healthiest Companies Supplement

Looming deadlines, doing more with less, and a sluggish economy are all reasons why employees may be feeling more anxious and stressed than ever before in the workplace.

Securities Guard

FINANCES: Investigation Is Key to Finding the Right Financial Adviser

The field of investment advisory and planning is fraught with minefields but there are ways of avoiding mistakes and finding the best adviser that fits your needs, say experienced, local advisers.

Tease photo

Friday, May 18

April Jobless Rate Takes a Tumble

San Diego’s unemployment rate fell by nearly 1 percent in April to 8.7 percent from a revised 9.6 percent in March, and by a full 1 percent from April 2011, according to the state’s Employment Development Department report on May 18.

Jack in the Box Improves Second Quarter Net Income

Jack in the Box Inc. reported fiscal 2012 second quarter net income of $21.6 million, compared with net income of $6.8 million for the like quarter of 2011, the company said May 16.

Smart-Tek Solutions Grows, Aided by Services Subsidiary

Smart-Tek Solutions Inc., a San Diego provider of staffing services to hospitals and financial services to small businesses, said that its revenue for 2011 was $21.7 million, up 26 percent from the prior year.

Downtown Hotel Rebranded as Four Points by Sheraton

Hotel management firm Pinnacle Hotels USA has rebranded its Holiday Inn San Diego Downtown location, which is now known as Four Points by Sheraton San Diego Downtown.

Trustees Announce Closure of Seau’s The Restaurant

Trustees for the estate of the late former San Diego Chargers linebacker Junior Seau announced May 16 that Seau’s The Restaurant in Mission Valley has been closed permanently.

Thursday, May 17

SWS Engineering Acquires Paul Design Group

SWS Engineering Inc. of San Marcos has acquired The Paul Design Group Inc. in Del Mar. Financial terms were not disclosed in a May 14 statement from SWS Engineering.

Assembly Committee to Hold Local Hearing on Jobs

The California Assembly’s Select Committee on Job Creation for the New Economy will meet in San Diego on May 18 with panelists from some of San Diego’s largest technology businesses.

Trigild Named Receiver for Puerto Rico Development

San Diego-based Trigild, which provides management and consulting services related to distressed properties, has been appointed receiver and asset manager of a 300-unit luxury residential community in Puerto Rico.

Assets Grow 55 Percent at Silvergate Bank

Silvergate Bank, based in La Jolla and with five offices, reported first quarter net income of $1 million compared with net income of $773,000 for the like quarter of 2011, the bank said May 15.

Wednesday, May 16

Kratos Wraps Up $100M Stock Offering

Kratos Defense & Security Solutions Inc., a San Diego provider of security solutions to defense, government and industrial clients, completed a public stock offering of $100 million with B. Riley & Co. acting as sole underwriter, the company said May 15.

Beyond Trust Acquires eEye

Beyond Trust, a Carlsbad provider of security and access control software, said it acquired eEye Digital Security, with an office in Irvine, for an undisclosed price on May 8.

True Food Kitchen to Debut Fashion Valley Restaurant

True Food Kitchen, a health-oriented restaurant developed by Fox Restaurant Concepts and best-selling author Dr. Andrew Weil, plans to open its first San Diego restaurant June 25 at Fashion Valley mall.

Delux Dogs Opens on Orange Avenue

Delux Dogs is done operating in stealth mode. So says James McGee, who with co-owner Kirsten Bertz recently set up the eatery in the 900 block of Orange Avenue. Central to the menu are hot dogs on Bread and Cie rolls piled high with condiments.

Tuesday, May 15

Balfour Beatty Gets $18.5M Contract for Air Base Dormitory

The San Diego office of Balfour Beatty Construction Co. has received a contract for approximately $18.5 million, to build a 144-person dormitory at Travis Air Force Base in Northern California.

NextWave Reports Loss

NextWave Wireless Inc., the San Diego holder of wireless spectrum licenses, reported a first quarter net loss of $28.5 million compared with a net loss of $61 million in the prior year’s first quarter, the company said May 10.

Legend3D Launches New Division

Legend3D Inc., the Carmel Valley based film conversion studio, said May 14 it launched a new division called Stereo Works that leverages its proprietary technologies involving the conversion of two dimensional movies to three dimensional.

Walmart Neighborhood Market Store Planned for La Mesa

Wal-Mart Stores Inc. has announced plans for a new Walmart Neighborhood Market store to open later this year in La Mesa, the retailer’s second small-format store in the works for the local region.

Monday, May 14

GA-ASI Gets Army Services Deal Worth $141.8M

General Atomics Aeronautical Systems Inc. received a $141.8 million contract for services in support of U.S. Army Gray Eagle unmanned aircraft systems, the Pentagon announced on May 10.

Regents Bank Names President, Says Acquisition on Track

Regents Bank, now a subsidiary of Los Angeles based Grandpoint Capital, hired Steve Sefton as president, a title formerly held by Dan Yates, the bank’s chief executive officer, the bank said May 10.

SDG&E Lauds Green Energy, Clean Transportation ‘Champions’

San Diego Gas & Electric Co. is giving credit for green practices by recognizing 13 local businesses as Energy Champions and three local organizations as Clean Transportation Champions.

NTN Buzztime Posts Net Loss on Higher Revenue

NTN Buzztime Inc. saw revenue rise 1 percent from a year ago for its first quarter ending March 31, reaching $6.1 million.

Defense Web Technologies Becomes Nliven Systems

Defense Web Technologies has changed its name to nliven systems.

Drug Combination Targets Brain Cancer

BIOTECH: UC Hospitals Host Tocagen Clinical Trials

An investigational treatment for recurrent brain cancer developed by San Diego-based Tocagen Inc. is being studied in trials under way at UC San Diego Moores Cancer Center.

Panel to Reveal Secrets of Rapid Company Growth

University of San Diego business psychologist Sherry Nooravi has come up with seven ways CEOs can generate rapid growth over a short period of time, based on her research taken from the Business Journal’s annual Fastest-Growing Private Companies list.

Firm Enters S.D. With Enough Work to Grow

LEGAL: Hahn Loeser Relies on References And Midwestern Values

Do Midwestern values have a place in the San Diego legal market? Ohio-based law firm Hahn Loeser & Parks LLP is betting they do.

Novatel Reports First Quarter Net Loss of $37.9 Million

WIRELESS: Revenue Up; Loss Includes Write-Down Of Its Enfora M2M Business

Novatel Wireless Inc. continues rolling out new cutting edge products selling in greater volumes in new sales channels but its bottom line, first quarter losses caused some distress among investors.

Sempra Pushes Ahead on Baja Wind Farm

San Diego-based Sempra Energy expects to begin construction of the 156-megawatt Energia Sierra Juarez wind project in Baja California, Mexico, as early as this year.

Organic Waste Fuels Its Own Demise in New Disposal System

GREEN: Trash Turned Into Biochar; Military Is Testing Process in Field

Power Ten Inc.’s San Diego satellite office, in concert with Montreal-based Terragon Environmental Technologies Inc., is evaluating a novel technology that the two companies describe as the world’s most compact, environmentally friendly, fuel-efficient solid waste treatment system.

Tease photo

Protest Over Northrop’s Navy Project Is Dropped by Rival

DEFENSE: Contractor Preparing Local Facility And Hiring to Meet Order

A defense contractor has quietly dropped its protest regarding rival Northrop Grumman’s win of a major U.S. Navy electronics project.

Tender Greens to Put Down More Roots in San Diego Area

DINING: Locally Sourced Ingredients Part of Chain’s Offering of Healthy Dishes

Operators of the health-focused restaurant chain Tender Greens are looking to expand the brand’s presence in San Diego, after getting a taste of success with their first local restaurant in Point Loma.

Tease photo

Accounting Firm Purchase Makes Sense in Number of Ways

FINANCE: Personalities, Strengths Match; Clients Bring New Opportunities

Bankers can double as matchmakers, especially business matchmakers.

Hotels Share in the Matrimonial Bliss With Wedding Events

HOSPITALITY: Parties Are Recession Resistant, Provide Great Exposure

Local hotels, including the Carlsbad Hilton Oceanfront Resort & Spa set to open this summer, take wedding planning just as seriously as couples preparing for that walk down the aisle.

Tease photo

‘Hot Sector’ on View at Wireless Health Convergence Summit

TECHNOLOGY: Wireless Health Care Connects Patients and Caregivers

Applying innovations in wireless health to real-world settings will be one of the recurring themes at the Wireless Health Convergence Summit set for May 23-24 at the Manchester Grand Hyatt in San Diego.

New Critical Care Building Is Part of Hospital’s Expansion

MEDICINE: Encinitas Facility Being Upgraded to Meet Increasing Demand

Scripps Memorial Hospital Encinitas plans to more than double the size of its emergency department with the addition of a two-story Critical Care Building now under construction.

Tease photo

Executive Profile: Carla Stanley

Carla Stanley, president of Sedona Staffing-San Diego, established a full-service temporary and direct hire staffing organization in 1986.

Investors Betting ‘Fundamental Shifts’ Will Favor Nirvanix

TECHNOLOGY: Cloud Firm’s Innovation And Capacity Are Key Draws

San Diego-based Nirvanix Inc., the only international “cloud” computing network capable of storing petabytes, or one billion quadrillion bytes, of data for its customers, has raised over $25M in a Series C funding round led by Khosla Ventures of Menlo Park.

Regional Report

News and notes from communities around San Diego County

Tease photo

Serving a Purpose

HUMAN RESOURCES: Cooking Uses Ingredients of Team Building

The kitchen can be a great gathering place for parties and is often the hub of family socializing, but who would have ever thought the warm and relaxing setting would be a venue for human resources activities.

Tease photo

E-Learning Is in a Class By Itself When It Comes to Convenience

TRAINING: Qualcomm, Scripps Use Right Tool At Right Time

E-learning now characterizes as much as 50 percent of staff training at Scripps Health and Qualcomm Inc., both on Forbes’ 2012 list of the “100 Best Companies To Work For.”

Changing Employment Picture Is Reflected at Placement Services

HUMAN RESOURCES: Specialties Are Sought; Cautious Firms Use Temps

The 24 companies on the San Diego Business Journal’s Permanent Placement list are inclusive of the various levels of services that are available to businesses looking for a staff addition.

Real Estate Roundup

Projects, developments and other activity in cities in and around San Diego County

Tease photo

Donation Provides a Foundation on Which to Build Futures

Nat and Flora Bosa have contributed $5 million to Monarch School — the public K-12 school for children impacted by homelessness — toward the building of the school’s new campus.

Being in the Zone Can Pay Off for Businesses

With local redevelopment agencies having fallen prey to the governor’s budget axe last year, cities and other local jurisdictions are left with precious few tools to revitalize their local economies and create employment centers.

Open Your Heart, and Open the Door of Hope

It’s been 125 years since The Salvation Army marched into San Diego and from that time in 1887, we have worked hand-in-hand with the business community to restore hope where there’s been despair, create a future out of a troubled past and help people win who are usually accustomed to losing.

Mergers Best Offense Against Defense Cuts

DEFENSE: Experts Say Acquisitions to Increase; Local Scene Less Fluid

Band together. It’s what some animals do when times get tough.

REITs Profiting From This Climate Change

REAL ESTATE: Local Firms Are Gaining Ground in the Recovery

Low interest rates, strong capital reserves and well-priced buying opportunities have all added up to a friendly operating environment so far in 2012 for locally based real estate investment trusts.

Gas Export Plant in the Pipeline

ENERGY: Sempra, Partners To Build Louisiana Facility

With natural gas prices still hovering near record lows, and domestic storage tanks holding plenty of reserves, several major energy companies, including San Diego’s Sempra Energy, are moving to export the commodity to places that need it.

Tease photo

Ready for Takeoff

TRAVEL: With Right Efforts, Tourism Numbers Could Soar

San Diego has boosted its position as a world tourism player with the addition of nonstop international flights by British Airways and Japan Airlines, but more can be done to bolster the region’s appeal to global travelers.

Tease photo

Friday, May 11

Realty Income Enters Into $1B Credit Facility

Commercial property investment firm Realty Income Corp. has entered into a new $1 billion unsecured acquisition credit facility, replacing an existing $425 million package, as it looks to expand its portfolio.

Encore Capital Acquires Propel Financial Services

Encore Capital Group, the San Diego based collector of defaulted credit card debt, acquired one company and has an agreement to sell another business, the company said May 9.

City to Review $200M Mixed-Use Proposal for U-T Site

The city of San Diego will begin preliminary review later this year on plans submitted for a $200 million mixed-use project in Mission Valley, proposed by developer and U-T San Diego publisher Doug Manchester.

Point Loma Shopping Center Sells for $24M

Glasshouse Square, a neighborhood retail center at 3146 Sports Arena Blvd. in San Diego, has been sold for $24 million, according to data reported May 8 by CoStar Group.

Thursday, May 10

Construction Expected Soon at Sempra’s Baja Wind Farm

San Diego-based Sempra Energy expects to begin construction of the 156-megawatt Energia Sierra Juarez wind project in Baja California, Mexico, as early as this year.

Council Certifies Results of Hoteliers’ Assessment Vote

San Diego City Council has certified the results of a recent election by local hoteliers that backed a planned assessment district to finance a proposed expansion of San Diego Convention Center.

Capistrano’s Capital Bank Heads for North County

Capital Bank, based in San Juan Capistrano and with $118 million in assets, said on May 7 that it plans to expand into San Diego, opening a loan production office in North County later this year.

BofI Profit Rises 46 Percent

BofI Holding Co., parent of BofI Federal Bank, the San Diego based Internet lender, reported fiscal third quarter net profit of $7.7 million for the quarter ended March 31, up 46 percent from the like quarter of 2011, the company said May 3.

Wednesday, May 9

Kratos to Buy Target Drone Maker

Kratos Defense & Security Solutions Inc. announced on May 8 that it has signed a deal to acquire Composite Engineering Inc., a Sacramento company that makes jet-powered target drones as well as composite structures.

TSG Acquires Delphi Research

TSG Solutions Inc., a San Diego provider of federal and commercial security services, said May 8 that it acquired Delphi Research Inc., also based in San Diego. Terms of the transaction were not released.

Cohn Debuting New Restaurant at Lexus Dealership

Cohn Restaurant Group of San Diego plans to open its new, $2.5 million restaurant and event space, Vintana, later this month at The Centre at Lexus Escondido.

Three New Directors Join Digirad’s Board

Digirad Corp., which offers solid-state medical imaging products and services, recently reported a net loss of $1.2 million on revenue of $13 million during the first quarter of the year.

Tuesday, May 8

SDSU Launches New Program With Pageantry, Job Fair

San Diego State University plans to look at the topic of sales with an academic’s eye.

InfoSonics Tallies up Profitable Quarter

InfoSonics Corp., a distributor of wireless handsets mainly in Latin America, reported first quarter net profit of $105,000 compared with a net loss of $894,000 for the like quarter of 2011, the company said May 3.

City Awards Contracts for 32-Acre Park

Carlsbad City Council has awarded a $26 million contract to San Diego construction firm T.B. Penick & Sons Inc., to build a planned new 32-acre city park known as Alga Norte Community Park.

La Mesa Apartments Sold for $25.5M

Locally based R&V Management Corp. has purchased the 143-unit Adagio apartment community in La Mesa for $25.5 million, according to data reported May 2 by CoStar Group.

Monday, May 7

Cubic Describes Record Earnings, Sales

Cubic Corp. reported record earnings and sales for the company’s second quarter ended March 31, the firm said May 3.

Revenue Rises 75 Percent at Kratos

Kratos Defense & Security Solutions Inc. reported a net loss of $3 million on revenue of $215 million for the first quarter of its fiscal year, which ended March 25.

Active Network Q1 Revenue Grows 30 Percent

Active Network, the San Diego based provider of online registration and technology services, reported a first quarter net loss of $20.2 million, compared with a net loss of $18.3 million in the first quarter of 2011, the company said May 3.

Excel Retail REIT Boosts Revenue, Operating Funds

Locally based Excel Trust Inc., which invests primarily in retail real estate, posted total revenue of $19.8 million for its first quarter ending March 31, up from $10.5 million in the same period of 2011.

UC San Diego Scientist Personalizes Brain Cancer Treatment

MEDICINE: New Approach Targets Each Tumor’s DNA Fingerprint

UC San Diego physician-scientist Santosh Kesari takes an innovative approach to treating brain cancer by focusing on the DNA fingerprint of the patient’s tumor as well as its location and size.

Hologic Buying Gen-Probe Inc. For $3.7 Billion

San Diego-based Gen-Probe Inc., which develops and manufactures molecular diagnostic products and services used primarily to diagnose diseases, screen blood and ensure transplant compatibility, is being acquired by Hologic Inc. in a $3.7 billion deal.

Center Offers Preventive Health Pit Stop for Execs

MEDICINE: Thorough Evaluations Give Clients Well-Being Action Plan

Some people go to the gym and others to the doctor’s office in pursuit of optimal health and wellness.

Recent Hires Part of Voit’s San Diego Expansion

REAL ESTATE: Firm Considers Establishing Local Satellite Office

Corporate upheaval at the brokerage firm formerly known as Grubb & Ellis Co. has translated into a local growth opportunity for rival Voit Real Estate Services, which recently hired five veteran Grubb brokers to bolster its presence in the San Diego market.

Cirque Brings Cash To Town Without Accounting Tricks

The dazzling Cirque du Soleil is in town with its run of “Totem,” and the production is not clowning around when it comes to the impact on the local economy.

Lending Practices Shift to Low Gear at Some Banks

BANKING: Demand for Dollars Is Just Not There, Some Bankers Say

All banks are not made or operated the same, and very often, they alter strategies to fit a changing economy.

Hines Begins Work on UTC High-Rise

REAL ESTATE: Observers Dismiss Talk of Building Boom

Development and investment firm Hines has begun construction on something that’s recently become a rarity in San Diego and most major metro markets: a new high-rise office building.

Tease photo

The Bucks Stop There

ECONOMY: Orange County Wins In a Wealth Matchup With San Diego

San Diego has much going for it and is in a class by itself when it comes to several business sectors such as wireless technology, but its overall economy falls short when compared to its neighbors to the north, Orange and Los Angeles counties, according to recent economic data.

Tease photo

Gerrity Adds a Prime Retail Center to Its ‘Cart’

REAL ESTATE: Local Retail Market One of the Tightest in U.S.

Investment firm Gerrity Group LLC of Solana Beach recently followed up on last year’s $30 million purchase of an Escondido shopping center, by acquiring Old Grove Marketplace in Oceanside for approximately $19.5 million.

Tease photo

Nicolet Sale Is Part of CareFusion’s Upsizing

BIOTECH: Concentrating on Core Growth Areas Is the Aim

Locally based CareFusion Corp. is selling its Nicolet business to Natus Medical Inc. for $58 million as part of a portfolio adjustment strategy that has involved divesting five nonstrategic businesses and completing four acquisitions during the past few years.

ViaSat Does More Than Talk the Talk With Deal

DEFENSE: Radio System Work Is Expected to Increase

The military aircraft known as the Super Hornet is getting an electronic upgrade with the help of Carlsbad-based ViaSat Inc.

Fletcher Charts Path to Avoid Partisan Gridlock

When more than three dozen prominent San Diego business executives last week signaled their frustration with typical partisan politics by re-registering as “decline-to-state” voters, they said it exactly right.

Tease photo

Couple’s Contributions Bring Learning Opportunities to Lives

Roberta and Malin Burnham were honored on at “The Preuss School Promise: Lives Transformed” presented by UC San Diego’s Preuss School.

Tease photo

Real Estate Roundup

Projects, developments and other activity in cities in and around San Diego County

Executive Profile: Zunaira Munir

Zunaira Munir is managing director of consulting firm Strategize Blue, with headquarters in Sorrento Valley.

Women-Owned Businesses Are a Half Billion Dollar Force

ENTERPRISE: Firms Grow 2.8 Percent in 2011 And Support 3,200 Jobs

If one of the goals for women who choose to start their own business is to live to see the day when there is a woman-owned business across all sectors of our economy, then that day is here.

New Facility Providing Office Space to Small Firms

The San Diego Minority Supplier Development Council is opening a 12,500-square-foot facility providing office space for small, minority-owned and women-owned companies. It is scheduled to open May 3 at 10679 Westview Parkway.

Sporting Goods Vendors Vie for Their Place in the Sun, Snow

RETAIL: Costco Can Slash Margins; Smaller Retailers Offer Service

If action sports retailer Jurgen Schulz isn’t fighting deep discounters to make a sale on the Internet, not to mention big box stores like Costco Wholesale Corp., he’s fighting Mother Nature.

Tease photo

Trying Death Defying Maneuvers

SPORTS BIZ: It’s a Fight For Survival in Action Sports, Especially for Small Firms

Action sports was once the territory of small, independent manufacturers.

Tease photo

Regional Report

News and notes from communities around San Diego County

Tease photo

Talcott to Lead Much-Needed Legal Administrators Group

Things would not run smoothly in a law firm without paralegals, legal assistants and, yes, legal administrators. So we need them, and they need an association where they can share their frustrations revolving around working with us.

Dexcom, Foundation Working to Develop Diabetes Device

BIOTECH: Wireless Transmitter Would Link To Artificial Pancreas

Dexcom Inc. is on a quest to make wireless advancements that will give diabetes patients convenient tools to manage their disease.

Space Is Not the Final Frontier for Corporate Real Estate

REAL ESTATE: Culture, Technology, Collaboration Part of Property Decisions

Corporate real estate decision-makers by 2020 will face a host of responsibilities going well beyond finding the best office leasing rates for their employers, says a report issued by the Atlanta-based CoreNet Global.

New CEO Is Named at UCSD Health System

Paul S. Viviano, chairman of the board and CEO of Alliance Healthcare Services, is replacing Thomas E. Jackiewicz as CEO of UC San Diego Health System effective June 1, 2012.

Loan From FreshWorks Fund Brings Market to City Heights

RETAIL: Northgate Store To Serve Area With Nutritious Foods

Northgate Gonzalez Markets newest grocery store in City Heights was made possible by a program aimed at bringing healthier foods to lower income areas, and financing involving multiple entities.

Friday, May 4

Sempra Reports Profit, Signs Deal With GDF Suez

Sempra Energy reported first quarter net income of $236 million, or 97 cents per diluted share, down from $254 million or $1.05 per share for the first quarter of 2011, the company said May 3.

BioMed Boosts Revenue in First Quarter

Life sciences real estate investment firm BioMed Realty Trust Inc. posted a company record $120 million in revenue in its first quarter ending March 31.

American Assets Trust Posts Q1 Revenue Gain

American Assets Trust Inc., a San Diego-based real estate investment trust, saw total revenue rise 21 percent from a year ago in its first quarter ended March 31.

Lafayette Hotel Completes $4M Renovation

Operators of the historic Lafayette Hotel and Swim Club have completed a $4 million renovation of the San Diego property.

Thursday, May 3

Bridgepoint Reports $33M in Quarterly Income

Bridgepoint Education, the San Diego provider of online college courses, reported first quarter net income of $33 million, down from $54 million in the like quarter of 2011, the company said May 1.

Acquisition Plan Pleases a Majority of Bank’s Shareholders

Shareholders of California Community Bank, based in Escondido with $240 million in assets, approved the $30 million sale of the bank to Grandpoint Capital, a Los Angeles private equity company, CCB said April 30.

Wal-Mart to Hire 250 for Encinitas Store

Wal-Mart Stores Inc. plans to hire 250 workers for a new Walmart store set to open this summer in Encinitas.

New Facility Providing Office Space to Small Firms

The San Diego Minority Supplier Development Council is opening a 12,500-square-foot facility providing office space for small, minority-owned and women-owned companies.

Wednesday, May 2

UC San Diego Health System Chooses New Chief

Paul S. Viviano, chairman of the board and CEO of Alliance Healthcare Services, is replacing Thomas E. Jackiewicz as CEO of UC San Diego Health System effective June 1.

Cash for Kiosks: EcoATM Gets Series B Funds

EcoATM, the company behind the mall kiosks that offer cash for used cellphones, announced on May 1 that it received $17 million in Series B venture funds.

PacWest Bancorp Beats Rival Offer for Bank

PacWest Bancorp, parent of Pacific Western Bank, which has 19 offices in San Diego and moved its headquarters from San Diego to Los Angeles several years ago, said May 1 it acquired American Perspective Bank

New Covario Unit Focuses on Web Search

Covario Inc., a San Diego search marketing agency, launched a new unit aimed at growing the market for its SEO (search engine optimization) and social media tools

Security Business Bank Grows Income

Security Business Bank of San Diego, which announced its sale to AmericanWest Bank of Spokane, Wash. in March, reported first quarter net income of $290,000, compared with net income of $117,000 for the like quarter of 2011.

Tuesday, May 1

Hologic to Buy Gen-Probe for $3.7B

San Diego-based Gen-Probe Inc., which develops and manufactures molecular diagnostic products and services used primarily to diagnose diseases, screen blood and ensure transplant compatibility, is being acquired by Hologic Inc. in a $3.7 billion deal.

Revenue, Net Income Grow at Maxwell Technologies

Maxwell Technologies Inc., a maker of energy storage devices called ultracapacitors, reported first quarter revenue of $39.2 million, up 11 percent from the $35.3 million in revenue in the like quarter of 2011, the company said April 26.

Residential Building Up, Commercial Down in First Quarter

San Diego County residential construction activity rose 31 percent in the first quarter, while nonresidential activity was down 39 percent from the same period of 2011, according to the latest data from the research unit of McGraw-Hill Construction.

Award Winners Share Community Spirit and Compassion

The Center for Wealth & Legacy honored several individuals with Inspiration Awards during a ceremony April 25 at AMN Healthcare.