Stories for September 2012

Friday, September 28

Shileys Give USD $20M for Engineering School

Darlene Shiley, a leading San Diego philanthropist, is donating $20 million to the University of San Diego to establish the Shiley-Marcos School of Engineering.

Bridgepoint Cutting Workforce

Bridgepoint Education Inc., the San Diego for-profit provider of online college classes, said it’s cutting 450 employees at its Ashford University college who were focused only on the admission process.

Restructured County Planning Department Gets New Name, Home

The San Diego County Board of Supervisors has formally approved the restructuring and replacement of the county’s Department of Planning and Land Use, with what is now known as the Department of Planning & Development Services.

Booting Up: UGG Coming to Fashion Valley

Retailer UGG Australia, which sells footwear, clothing and accessories, will join the lineup at Fashion Valley mall on Nov. 1.

Water Authority to Discuss Desalination Project

The San Diego County Water Authority is scheduling two public meetings to review a proposed water purchase agreement with Poseidon Resources, the Stamford, Conn.-based private developer of the planned seawater desalination plant in Carlsbad.

Thursday, September 27

Chamber Board Won’t Renew CEO’s Contract

Ruben Barrales, president and chief executive officer of the San Diego Regional Chamber of Commerce, will not have his employment contract renewed, effectively terminating him Dec. 31.

SmartDrive Gets Financing

SmartDrive Systems Inc., a San Diego provider of video recording systems for transportation fleets, said Wellington Financial LP, a Santa Monica private financial firm, recently provided $47 million in debt financing to the company.

Peregrine Semiconductor Secures Global Distributor

Peregrine Semiconductor Corp., a San Diego maker of radio frequency integrated circuits, said it completed a global distribution agreement with RFMW Ltd. for Peregrine’s Ultra CMOS chips.

City Moves Ahead on Downtown Office Marketing Zone

San Diego City Council has approved a new commercial marketing district zone, designed to market downtown office buildings with at least 50,000 square feet of space.

Carlsbad Banning Smoking in Outdoor Dining Areas

Carlsbad City Council has voted to ban smoking in outdoor dining areas. New rules will apply to all unenclosed dining areas where food or drinks are served, including sidewalk cafes.

Pepperoni on Palm Avenue: Filippi’s Coming to IB

Filippi’s Pizza Grotto is coming to Palm Avenue in Imperial Beach, according to Bob DePhilippis, a member of the restaurant chain’s founding family.

Wednesday, September 26

Investors Put $5.25M Into PCN

PCN Technology Inc., a designer and maker of communications equipment used in Ethernet networks, said it completed a $5.25 million investment round.

Specialty Manufacturer Plans Move to Lakeside

EagleBurgmann EJS, a Santee-based maker of pipe-expansion and related components used in several industries, has signed a $12.5 million, 15-year lease for a build-to-suit industrial facility being built in Lakeside.

House of Blues to Power Pechanga Concerts

Live Nation’s House of Blues entertainment division will book acts to play at Pechanga Resort & Casino near Temecula under a new deal announced recently.

New Restaurants Join Hillcrest Retail Center

Two new restaurants have joined the lineup at The Shops at Hillcrest, an 8,360-square-foot retail center owned and managed by San Diego-based Westcore Properties.

Tuesday, September 25

San Diego Tops California Travel Destinations

San Diego was the fourth most popular destination for U.S. travelers in the first half of 2012, according to a recently released report by the travel booking website Hotels.com.

Energy Center Retains Higgs

Higgs Fletcher & Mack LLP has announced that the California Center for Sustainable Energy has retained the firm as its outside general counsel.

ViaSat Electronics Orders Going to U.S., Turkey

ViaSat Inc. recently received a $34 million contract for communication electronics from the U.S. Department of Defense, as well as a $15.8 million delivery order.

Opus Bank Takes on Three Suburban Branches

Opus Bank, based in Irvine and with $2.4 billion in total assets, expanded its branches in San Diego County by three after it completed the acquisition of 10 branches formerly belonging to PacWest Bancorp.

SDG&E, Sudberry Announce ‘Smart Energy’ Plans for Civita

San Diego Gas & Electric Co. and Sudberry Properties have announced plans to create a “smart energy community” at Sudberry’s master-planned Civita development in Mission Valley.

Bank Gives Armchair Sportscasters a Microphone

Calling all hard-core Charger fans, and you know who you are after that Sunday debacle at the Q against the Atlanta Falcons.

Monday, September 24

Jobless Rate Drops Slightly in August

San Diego County added a net of 900 jobs in August, helping to reduce the region’s unemployment rate to 9 percent from July’s revised rate of 9.3 percent.

Regency Buys Clairemont Retail Center for $59.5M

Regency Centers Corp. has purchased Balboa Mesa Shopping Center, in San Diego’s Clairemont neighborhood, for $59.5 million.

Think Tank to Help City Boost Exports

The Brookings Institution, a liberal think tank based in Washington, D.C., selected San Diego to participate in its first Metropolitan Export Exchange program, aimed at helping to increase the amount of exports in the region, which would boost jobs and economic growth, according to Mayor Jerry Sanders’ office.

McCarthy Gets $34M Contract for Waterfront Park

McCarthy Building Cos. Inc., which has local regional operations, has been awarded a $34 million contract to design and build a planned new San Diego County Administration Center waterfront park and parking structure in downtown San Diego.

Directed Turns 30

Directed, the electronics maker famous for the Viper car alarm, marked its 30th anniversary recently at its Vista plant.

120 Seconds Are Vital In Pitch Contest

Quick Pitch time has returned.

MediciNova’s Drug Trial Addresses Methamphetamine Dependency

MEDICINE: Effort Brings Real-World Conditions to Test

Locally based MediciNova Inc. is collaborating with UCLA and the National Institutes on Drug Abuse to test the effectiveness of one of its lead compounds in treating methamphetamine dependency.

New Train Horn System Aims to Stop Noise in Its Tracks

The City of Del Mar is using a relatively new, high-tech method to deal with the old-school issue of loud train noises, which have long irritated residents and property owners in its downtown commercial district.

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Executive Profile: Chris Calhoun

Chris Calhoun is the co-founder and chief executive officer of Cytori Therapeutics (NASDAQ: CYTX).

Decades Old UCSD Research Yields Novel Dermatological Product

SCIENCE: Company Employs Proprietary Technology for Skincare

Two local biotech executives have joined forces to launch a science-based skin care product through their firm Senté Inc., which was formed in 2007.

Backing Biotech Innovation

BIOTECH: Two Firms Capture Huge Share of Region’s 2nd Quarter VC Dollars

Two companies emerged with the majority of venture capital investments among the $167.9 million invested in San Diego’s biotech sector in the second quarter of 2012.

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Regional Report

News and notes from communities around San Diego County

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Real Estate Roundup

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

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Retail Renovation and Repositioning Are On the Rise in Region

RETAIL: Shopping Center Conference Draws Industry to S.D.

Many among the thousands of industry pros attending a major shopping center conference in San Diego were expected to stop by Westfield UTC, the Westfield Group mall that is abuzz with construction as it prepares to welcome a slew of new tenants amid a $180 million renovation.

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New Associate’s Strong Suit is Civil Litigation Knowledge

Fisher & Phillips LLP has hired Jonathan Liu as a new San Diego associate. Liu brings extensive knowledge in civil litigation having worked on cases involving employment discrimination, breach of contract, defamation and general negligence.

Redevelopment’s Exit Blocks Plans’ Entrance

PROPERTY: New Stadium Waits on Land-Use Decisions

The demise of local redevelopment agencies has thrown yet another wrench into plans to build a downtown stadium for the San Diego Chargers.

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Realities Reset Biotech Investment Strategies

INVEST: VC Investor Says Sector’s Risks Are Many

Earlier this month, scientists said they had discovered that the so-called “junk DNA” that comprises 99 percent of the human genome is not junk after all.

Bubble Up! Gala Gives Kids a Chance to Explore New Worlds

Ocean Discovery Institute held its annual Bubble Up! Gala at La Costa Resort & Spa.

Significant Diabetes Research Efforts Cluster in the Region

BIOTECH: Companies Have Formed Around Area’s Research Efforts

The recent news that the Nutrition Science Initiative — or NuSI, which will research what constitutes a healthy diet, is opening its doors in San Diego underscores the expanding role that the region is playing as a hub for metabolic research, especially in the areas of obesity and diabetes.

Gold Standard

FINANCE: Goldstone Named Chair of Prestigious Securities Oversight Board

Municipal bankruptcy, an option that three California cities have taken this year, isn’t in the cards for San Diego, or most other major cities in the state, says Jay Goldstone, the city’s chief operating officer.

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Google Acquires Nik Software

Google Inc. announced recently that it has acquired San Diego-based Nik Software Inc.

Taking Care of Others Starts with Taking Care of Ourselves

ADVERTORIAL: Strategies For Wellness 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.

For Now, City of Oceanside Stays the Course for Goat Hill

SPORTS: Plans For Golfing Facility Are Under Review

Oceanside’s Center City Golf Course on Goat Hill will remain a duffer’s paradise instead of a new shopping center — at least for now.

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Attorney General Eyes Health Systems

MEDICINE: Industry Leaders Face Contradictory Pressures

Scripps Health and Sharp HealthCare are among a group of health care organizations under scrutiny by the California attorney general’s office as to whether growing consolidation among hospitals and doctor groups is pushing up the price of medical care.

Film Festival Gets New Management and ‘Script’

FILM: Goal Is to Make The Event a Major Player

There’s a new cast behind the 2012 San Diego Film Festival, slated to get under way Sept. 26 and run through Sept. 30.

It Is a Small World For Website Screen Displays

TECHNOLOGY: Firm Adapts to the Mobile Device Marketplace

The small screen is a big deal to Qualcomm Inc. The company’s business is built heavily around smartphones and mobile devices.

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Jensen’s Big Move Will Still Keep the Company in County

Jensen Meat Inc., the Vista-based beef wholesaler, is finally relocating to Otay Mesa within the San Diego Regional Enterprise Zone after months of wooing from an out-of-state suitor.

Zone Expansion Brings Business Opportunities

ECONOMY: Enterprise Area Provides Incentives And Climate for Growth

Economic development leaders are counting on the newly expanded San Diego Regional Enterprise Zone to bring more job-creating manufacturing firms to the area, following in the footsteps of companies such as Soitec, Alliant Techsystems Inc., Kyocera and Shire Regenerative Medicine.

Blue Economy Set to Grow, Generating New Jobs

REPORT: Companies With Ties to the Sea Look to Promising Future

What do shipbuilder General Dynamics Nassco, undersea robot maker SeaBotix Inc., and a maker of membranes for removing salt from seawater, all have in common?

Employee Health: It’s not Personal, It’s Business

ADVERTORIAL: Strategies For Wellness Supplement

Employers are looking for ways to reduce soaring health care costs

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Friday, September 21

Jensen Meat Co. to Hire 150

Jensen Meat Co., a supplier of meat to restaurants, hotels and schools, is hiring 150 new workers and retaining another 100 current employees as a result of its decision to open a 74,000 square foot plant in Otay Mesa, according to an announcement from Mayor Jerry Sanders.

Sense4Baby Is Incubator’s First Tenant

The West Health Institute’s new incubator is bringing in its first resident company, Sense4Baby Inc., a recently formed company of four employees that is licensing the institute’s Sense4Baby technology for a wireless fetal monitor.

Port Approves Environmental Report for Convention Center Project

San Diego port commissioners have approved the environmental impact report on the proposed $520 million expansion of the San Diego Convention Center.

Scripps Mercy to Open $1.3M Outpatient Center

The new Woltman Family Infusion Center, an outpatient service of Scripps Mercy Hospital San Diego, is expected to begin offering cancer care and treatment of other health conditions by October.

Skin-care Retailer Kiehl’s Opens Store at Westfield UTC

New York-based skin-care products retailer Kiehl’s Since 1851 has opened a new store at Westfield UTC, one of seven local malls owned by Westfield Group.

Thursday, September 20

Fall Color: Quick Pitch Arrives With Autumn Leaves

Quick Pitch time has returned. Tech Coast Angels is again sponsoring its contest to see how compelling a pitch an entrepreneur can muster during 120 “short” seconds.

Chinese Company to Buy Tech Gear from Lightpointe

Lightpointe, a San Diego maker of equipment used in wireless networks, said it signed a sales agreement with GCI Science and Technology Co. Ltd., a Chinese public company that was formerly a part of the China Ministry of Information Industry.

Retirement Ready? San Diego Ranks High in Financial Study

San Diego ranked second in the nation for retirement readiness, trailing only residents of Hartford and New Haven, Conn., according to a national survey conducted by wealth management firm Ameriprise Financial.

Frontier Airlines Adds Service to Colorado Springs

Frontier Airlines recently expanded local service to Colorado, launching new direct flights between San Diego and Colorado Springs.

Nomination Deadline Extended for Women Who Mean Business Awards

The San Diego Business Journal has extended the nomination deadline for its popular Women Who Mean Business Awards.

Wednesday, September 19

Nik Software Is Acquired by Google

Google Inc. announced recently that it has acquired San Diego-based Nik Software Inc.

California Pacific Airlines Taking Resumes for Upcoming Hiring

California Pacific Airlines, a new locally based carrier planning to offer daily flights out of McClellan-Palomar Airport in Carlsbad, has begun accepting resumes for flight attendants and dispatchers, according to Tom Morrow, senior vice president of communications.

Imaging Healthcare Specialists Upgrades Encinitas Site

Imaging Healthcare Specialists Medical Group Inc. is reopening a state-of-the-art medical imaging center in Encinitas.

Stone Brewing Puts Iowa on its Marketing Map

Escondido-based Stone Brewing Co. said it will move into the Iowa market beginning on Oct. 1.

Tuesday, September 18

JLL Managing Director Ginsburg Joining Hughes Marino

San Diego-based real estate services firm Hughes Marino, which represents commercial tenants in leasing and purchase transactions, has named Scot Ginsburg as senior vice president.

Port District Opening New Downtown Waterfront Park

The Port of San Diego on Sept. 20 is scheduled to mark the opening of Ruocco Park, the 18th waterfront park overseen by the port district.

Karl Strauss Brewing Opens 7th Brewery Restaurant

Locally based Karl Strauss Brewing Co. recently opened its seventh brewery restaurant in the 4S Ranch community near Rancho Bernardo.

Bastyr University Opens Campus in Sorrento Valley

Bastyr University, which claims to be the largest accredited university for natural health arts and sciences in the U.S., is expanding on its Kenmore, Wash., campus by opening locally at 4106 Sorrento Valley Blvd.

Monday, September 17

Mayoral Debate Tonight to Focus on Business Issues

The two candidates for San Diego mayor will discuss business issues tonight at the La Jolla Playhouse on the UC San Diego campus.

Del Mar Installs New Horn System at Downtown Rail Crossing

The city of Del Mar has launched a wayside horn system, aimed at reducing noise from trains crossing Coast Boulevard as they pass through the city’s downtown.

Manchester Buys North County Times

Douglas F. Manchester, owner of the San Diego Union-Tribune, has agreed to purchase the North County Times and Daily Californian for $11.95 million, according to seller Lee Enterprises.

Market Forces

RETAIL: Partners’ Drive Makes Food Hub a Reality

Perseverance, with pickles. Stick-to-itiveness, with strawberries.

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Your Next Office Can Be a Political Office

Business: Program Trains People for Role in Politics

There is a new boot camp in town, but candidates signing up for this workout should bring a different kind of running shoe.

New Insulin Pump Delivers on Design

BIOTECH: Sales Effort to Push User-Friendly Device

After five years spent developing the t:slim Insulin Pump, San Diego-based Tandem Diabetes Care Inc. has begun shipping the product to customers.

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Green Buildings Show Some Big Advantages

ENERGY: City May Join Effort to Support Upgrades

The San Diego region’s green office buildings are out-performing their less environmentally friendly counterparts, posting lower vacancy and commanding higher rents so far in 2012, according to a recent report by the brokerage firm CBRE.

European Solar Manufacturer Scaling Up

CLEAN-TECH: Everest Chooses Oceanside for Global Expansion

K2 Systems of Germany is expanding its solar mounting systems manufacturing operations locally with the opening of its U.S. division, Everest Solar Systems LLC, in Oceanside.

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Enterprise Zone Expansion to Help Local Businesses

San Diego wins approval to expand a successful regional economic incentive program that has helped create 7,300 new jobs, Mayor Jerry Sanders says in a recent news release

Realty Income to Buy American Realty Capital Trust

PROPERTY: $2.95B Deal Increases REIT’s Profile Outside of Retail Sector

Realty Income Corp. of Escondido is poised to become the nation’s 18th largest real estate investment trust, after its recently announced deal to acquire New York-based American Realty Capital Trust Inc.

Technological Tools Cut Construction Costs, Time

BUILDING: Firms Use Software to Share Ideas, Make Real-Time Changes

Local construction, engineering and architectural firms continue to weather a tough economy by keeping costs in check, while pursuing what remains a limited number of lucrative new projects.

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Bike-Friendly Areas Can Drive Business to Merchants

RETAIL: Bike Local, Shop Local Campaign Is a Success

Establishing a bike-friendly business district in car-addicted San Diego would seem incongruous, but that’s exactly what happened earlier this month.

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Diabetic Drug Company to Expand Operations in Sorrento Mesa

MEDICINE: Dermagraft Approved by Canada for Foot Ulcer Treatment

The pending introduction of Dermagraft, a treatment for diabetic foot ulcers, to the Canadian market is providing room for Shire Regenerative Medicine to grow its local operations.

Business Journal Hosts Legal Experts in Inaugural Event

San Diego’s in-house attorneys have a reputation as a diversified and highly talented group, including some who traverse the jungles of Cameroon to monitor ebony mills and those who negotiate a merger to create the largest health care district in the state.

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Los Angeles-based Caruso to Develop 48-Acre Carlsbad Property

Commercial developer Caruso Affiliated has signed an agreement with San Diego Gas & Electric Co. to purchase a 48-acre Carlsbad parcel currently owned by the utility firm for a future development.

REIT Moves its Headquarters from New York to San Diego

REAL ESTATE: Portfolio Mix Drives Decision To Consolidate Offices

Retail Opportunity Investments Corp.’s acquisition focus has moved westward over the years, and now so has its corporate headquarters.

Two Remaining Local Thrift & Loans Deploy Different Strategies

Industrial banks, also called thrift and loans, are a holdover from a long past era when many banks shunned industrial or blue collar workers, who needed places to cash their checks and get an occasional loan.

Regional Report

News and notes from communities around San Diego County

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Moving in a New Direction

PROPERTY: Sales And Prices Are Up; County Faces Lack of Housing Inventory

San Diego’s residential real estate market has definitely stabilized, as evidenced by a higher number of sales and rising house values, but the lack of inventory remains problematic.

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Builders Discover Less Is More in New Home Projects

PROPERTY: Builders Adjust to the Reality Of Current Market

As vacant land becomes more difficult to find around San Diego, the trend in new home development has been toward building fewer units at a time, say local developers.

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Executive Profile: Andrew Canter

Andrew Canter is president and CEO of Canter Cos., a private investment firm that focuses on various areas of real estate and venture capital.

Real Estate Roundup

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

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Regatta Brings Supporters on Board With Sharp HospiceCare

Sharp HospiceCare, Coronado Yacht Club and Cortez Racing Association hosted the Tenth Annual Sharp HospiceCare Benefit Regatta recently.

It’s Debt Vs. Defense in Sequestration Debate

DEFENSE: Some See $16T Debt as Threat to Security

Few if any San Diego defense contractors would admit to liking “sequestration,” the federal government’s program to drastically pare its budget.

Friday, September 14

SeaWorld’s Manta Coasts to Theme Park Industry Award

SeaWorld San Diego has ridden its new Manta roller coaster attraction to its first Turnstile Award, given out annually by the theme park industry magazine Amusement Today.

Microbrewer Helm’s Coming to Kearny Mesa

Helm’s Brewing Co., a new locally owned and operated microbrewery, will join the tenant roster this fall at Cabrillo Commerce Center in Kearny Mesa.

Thursday, September 13

TVC Closes on $75M Fund, Eyes Software and Services

TVC Capital LLC, a San Diego private equity firm focused on software investments, said it closed on a $75 million growth equity and buyout fund, TVC Capital II.

Fortune Smiles on Three Fast-Growing Companies

Three San Diego-based public companies made this year’s Fortune Magazine Fastest Growing Companies list revealed in this month’s issue.

Excel Teams With Chicago Firm to Redevelop Carlsbad Retail Center

Excel Trust Inc. has entered into a joint-venture agreement with Chicago-based GEM Realty Capital Inc. to redevelop La Costa Towne Center in Carlsbad, which Excel purchased earlier this year for approximately $23.5 million.

Women Who Mean Business Awards Celebrates 19th Year

The San Diego Business Journal is celebrating the 19th year of its popular Women Who Mean Business Awards. This year’s event is slated for Nov. 6, but the nomination deadline is approaching soon.

Wednesday, September 12

Sunstone Hotel Investors Sells Hilton Del Mar

Sunstone Hotel Investors Inc. is selling the 257-room Hilton Del Mar, as part of a larger sale of three hotels to an undisclosed buyer for a total of $107.1 million.

Ship Takes Final Shape at Nassco Yard

General Dynamics Nassco, the only major shipyard on the West Coast, said it completed the hull for the first mobile landing platform ship for the U.S. Navy.

Carlsbad Financial Planner Opens Office

Rodd Miller, a certified financial planner based in Carlsbad, officially launched Miller Wealth Management last month as an independent investment manager.

Tuesday, September 11

Hyatt Regency Mission Bay Sold for $62M

Maryland-based Chesapeake Lodging Trust Inc. has purchased the 429-room Hyatt Regency Mission Bay Spa and Marina hotel for $62 million.

RFI Net Income Outshines Year-Ago Quarter

RF Industries Ltd., a San Diego maker and distributor of radio frequency connectors and cable assemblies, reported net income of $735,000 for its fiscal third quarter, more than 10 times the $65,000 in net income reported for the like period of 2011.

OncoSec Secures Chinese Patent

A patent recently issued to San Diego-based OncoSec Medical Inc. offers the company potential to expand its commercial opportunities for minimally invasive and surgical procedures to treat solid tumors in China.

SpringHill Suites to Break Ground in Oceanside

A Sept. 18 groundbreaking is planned for a new Marriott SpringHill Suites hotel being built in Oceanside, according to a statement from developer GF Properties Group LLC.

Convention Center Plan Ready for Public Review

The Port of San Diego has completed a report on the environmental impacts of the proposed San Diego Convention Center expansion and hotel project.

Monday, September 10

U-T Buys North County Times and Californian

Douglas F. Manchester and the San Diego Union-Tribune have purchased the North County Times and Daily Californian.

Manufacturing ‘Enterprise Zone’ Expands North of Interstate 8

State officials have OK’d the city of San Diego’s request to extend the city’s enterprise zone to industrial areas north of Interstate 8, Mayor Jerry Sanders’ office announced.

Cinepolis Planning More U.S. Movie Theaters

Cinepolis Luxury Cinemas, which has its U.S. headquarters in La Jolla, plans to open its first Los Angeles County location and second Orange County theater within the next few months.

Harper Gets $28M Order for Military Hangar Project

Harper Construction Co. Inc. of San Diego has received a task order of approximately $28 million to build an aircraft maintenance hangar at Marine Corps Air Station Yuma in Arizona.

Financial Adviser Named One of Barron’s Best

Dale Yahnke was selected by Barron’s to its Top 100 Independent Financial Advisers national ranking for the sixth consecutive year.

Regulators OK Opus Bank’s Purchase of Local Branches

Opus Bank, based in Irvine and with about $2.4 billion in total assets, received regulatory approval on its purchase of $143 million of deposits and 10 branches belonging to Pacific Western Bank including three based in San Diego County.

Growing your Business by Working Smarter, Not Harder

Advertorial: Small Business Banking & Finance Supplement

Who are your best customers? You may know which customers generate the most revenue, and even the most profit, but do you really “know” them?

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Celladon Corp.’s Therapeutic for Heart Failure Advances

Encouraging results from a Phase 2 trial are creating momentum for San Diego-based Celladon Corp.’s Mydicar, a first-in-class therapeutic for the treatment of advanced heart failure, as it enters a Phase 2b clinical trial.

Help Wanted

CYBERSECURITY: Norwegian Firm Brings U.S. Headquarters As Well as Jobs to San Diego

Norman ASA is shifting its U.S. headquarters from Washington, D.C., to San Diego, in part, to draw — and keep — talented employees for its enterprise security software business.

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San Diego Expansions Are on Grocer’s List

RETAIL: Deep-Discounter Appeals to Frugal Shoppers

Grocery Outlet Inc. has joined a growing roster of small-format food retailers aiming to reach bargain hunters in San Diego County’s otherwise under-served neighborhoods.

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Online Banking for Business

Advertorial: Small Business Banking & Finance Supplement

There are many benefits to online banking.

Regional Report

News and notes from communities around San Diego County

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Mitt’s Local Digs Could Double as White House West

Is there a Western White House in our future?

For Solar Firms, It’s All About Positive Energy

GREEN: Projects, Outreach Build Companies’ Reputations

San Diego-based Sullivan Solar Power is among the top installers of California Solar Initiative projects in San Diego Gas & Electric Co.’s territory along with locally based Borrego Solar Systems Inc. and SolarCity of San Mateo.

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Regulus’ IPO Plans Draw Some Big Names

FINANCE: JOBS Act Opens Door for Offering

There might be for future investors in Regulus Therapeutics Inc., the Torrey Pines-based biotech startup which recently filed the necessary paperwork with the SEC for a new stock offering.

Tesla Motors Puts Itself in the Middle of Mall’s Foot-Traffic

If you’ve always wanted to buy a cutting-edge, high-performance electric car at the same mall where you shop for jeans and handbags in San Diego, you’re in luck.

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Community Banks Face Big Decisions

BANKING: Selling Out Seems Like Best Option In Difficult Environment

For the most part, the banking industry has recovered from the turmoil of the financial crisis.

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North Island Credit Union Exec Named CEO of the Year

Banking: Retiring CEO Leaves Credit Union In Great Shape

Nearly three years ago John Tippets accepted what some said was a losing proposition — trying to turn around North Island Credit Union, then teetering on the brink of collapse. When he retires for the second time, next month, Tippets can leave knowing he achieved that.

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How to Find a Small-Business-Friendly Bank

Advertorial: Small Business Banking & Finance Supplement

It can be a challenge for small business owners to find the right bank to help support their company.

San Diego Partner Takes Firm Reins at Littler Mendelson

Littler Mendelson P.C., the world’s largest employment and labor law firm representing management, announced last month that San Diego partner Jeremy Roth will become co-president and co-managing director of the firm.

Truths and Myths about Today’s Lending Environment for Local Businesses

Advertorial: Small Business Banking & Finance Supplement

I’ve been a San Diego-area banker my entire career, and I’m passionate about helping local businesses achieve their financial goals.

Federal and State Regulators Lift Consent Order on Bank

BANKING: Metro United Reduces Problem Assets And Commercial Loans

Metro United Bank, based in San Diego and a subsidiary of MetroCorp Bancshares Inc. of Houston, recently had its consent order terminated by federal and state regulatory bodies.

New Health Center Will Help Meet Needs of Newly Insured

MEDICINE: Clinic Came Together Quickly After Receiving Grant

The new King-Chavez Health Center is bringing additional services to the community in a timely fashion as reform legislation expanding health insurance coverage is set to kick in.

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Ship of State Sails on Borrowed Time, Money

The recent discussion here about whether San Diego’s Prop B pension reform measure would be enough to stave off municipal bankruptcy provoked a lot of feedback.

Sharp Expands Hospice Services Into South Bay

HEALTH CARE: Aim Is to Fill Unmet Need In Homelike Setting

Sharp HospiceCare is expanding its hospice home offerings into the South Bay with the recent purchase of a 1.1-acre property at Valley Vista Road in Bonita.

Entrepreneurship and Technology Are Winning Combination

BIOTECH: Startup’s Dental Implant System Is Gaining Recognition

Nasseo Inc. has a winning smile.

Creating a New Culture for a ‘New World’

It is now abundantly clear that the future marketplace — of customers, employees, investors, suppliers, and stakeholders — will be increasingly and radically different from today.

Realty Income Buying REIT For $2.95B

Realty Income Corp. of Escondido has agreed to acquire New York-based investment firm American Realty Capital Trust Inc. in a transaction valued at approximately $2.95 billion.

SBA Encouraged by Growth in Lending

Advertorial: Small Business Banking & Finance Supplement

In San Diego and Imperial Counties, SBA District Director Ruben Garcia says, we’re getting encouraging news that business lending is showing new signs of strength.

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Professional Profile: David W. Down

David (Dave) W. Down has been a managing partner since 1994 at the San Diego office of KPMG LLP, a Big 4 accounting firm.

Real Estate Roundup

The Sweetwater Union High School District and Balfour Beatty Construction broke ground recently on new additions to Montgomery Middle School.

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How Your Growing Business Can Benefit From a Community Business Bank

Advertorial: Small Business Banking & Finance Supplement

San Diego is full of exciting, entrepreneurial small companies.

Miramar Manufacturer Expands Plant

Specialty Manufacturing Inc., a San Diego manufacturer of thermoformed components, said it recently completed a plant expansion and remodeling of its plant in the Miramar area.

Computers Figure Heavily in ‘Hot Jobs’ List

Recent college graduates with skills in software development, database mining, web development, and network administration are in hot job markets, according to the latest report from the UC San Diego Extension college.

The Needle Moves Up on Apartment Supply

PROPERTY: North County Should See More Projects

North County’s apartment supply has recently been inching upward to meet what experts say is long pent-up demand, as new construction has been rare in that region during the past decade.

SAIC’s Strategy Is to ‘Divide and Conquer’

TECHNOLOGY: Firm to Split Into Solutions, Services

Seeking to spur growth, create efficiencies and brace itself for an era of shifting federal spending priorities, leadership at SAIC Inc. unveiled plans to split the $10.6 billion corporation into two companies by mid-2013.

Couple’s Inspirational Message Is Delivered With $4M Gift

Jerome and Miriam Katzin have endowed a $4 million fellowship fund to support graduate students at UC San Diego.

Friday, September 7

Los Angeles Firm to Develop 48-Acre Carlsbad Property

Commercial developer Caruso Affiliated has signed an agreement with San Diego Gas & Electric Co. to purchase a 48-acre Carlsbad parcel currently owned by the utility firm for a future development.

Dataskill to Acquire Staffing Innovations

Dataskill, a San Diego-based business intelligence and predictive analytics company, is acquiring Staffing Innovations for an undisclosed price as part of an aggressive plan to capture local talent in business intelligence and big data analytics.

Guild Mortgage Opens Its Seventh Office in Region

Guild Mortgage, a San Diego based mortgage lender, recently opened its seventh office in the area in Kearny Mesa.

State Officials Outline Small Business Resources

California Controller John Chiang is the featured speaker at a small business seminar scheduled Wednesday, Sept. 12 at the Parma Payne Goodall Alumni Center at San Diego State University from 9 a.m. to noon.

Thursday, September 6

Realty Income to Buy REIT for $2.95B

Realty Income Corp. of Escondido has agreed to acquire New York-based investment firm American Realty Capital Trust Inc. in a transaction valued at approximately $2.95 billion.

Green Office Buildings Outperform Others Locally

The San Diego region’s green office buildings are outperforming their less environmentally friendly counterparts, posting lower vacancy and commanding higher rents so far in 2012, according to a new report by the brokerage firm CBRE.

New ‘Hot Jobs’ List Has Common Thread: Computers

Recent college graduates with skills in software development, database mining, web development, and network administration are in hot job markets, according to the latest report from the UC San Diego Extension college.

Downtown Retail Reviving, Says Real Estate Report

San Diego’s long-beleaguered downtown retail property market is showing signs of life, with vacancies declining and space absorption up from year-ago levels, according to a new report from Cushman & Wakefield’s Urban Property Group.

Wednesday, September 5

PlayMG and BillMyParents Join Forces on Venture

PlayMG Corp., San Diego makers of a gaming device aimed at youngsters, and BillMyParents Inc., the company that provides prepaid cards that track spending of same youngsters, announced that each new MG will use the payment service.

LRAD Welcomes New Board Member

Bill VanDeWeghe has joined the board of directors at Rancho Bernardo-based LRAD Corp.

Retail REIT Boosts Financing Packages to $400M

Retail Opportunity Investments Corp., which owns and operates shopping centers nationwide, has amended and restated its $175 million senior unsecured revolving credit facility, as well as a similar $110 million term loan facility.

Cricket, Radio Shack Collaborate on Wireless Push

Cricket Communications, the subsidiary of San Diego-based Leap Wireless International Inc., and Radio Shack Corp. said the companies joined forces to launch a no-contract wireless service through Radio Shack’s nationwide retail network that includes 4,700 stores.

Darden Debuts Region’s Fifth Red Lobster Restaurant

Florida-based Darden Restaurants has opened a new Red Lobster seafood restaurant in Chula Vista, the company’s fifth location in San Diego County.

Tuesday, September 4

Kratos Announces $4.6M Navy Contract

San Diego-based Kratos Defense & Security Solutions Inc. announced that its Micro Systems business received a U.S. Navy contract — specifically a $4.6 million deal from the U.S. Navy Aerial Target and Decoy System program office in Maryland.

Dynegy Changes Its Power Plant Demolition Plan

The company responsible for blowing up the South Bay Power Plant in Chula Vista will do it in one bang rather than two as it initially planned, said the Port of San Diego, which is overseeing the project.

Hospital District to Review Big-Picture Issues

The public will have the opportunity to weigh in on issues affecting the Grossmont Healthcare District during a strategic planning meeting set for 7 p.m. Sept. 10 at the district’s conference center at 9001 Wakarusa St. in La Mesa.

Monday, September 3

Pharmaceutical Deal Could Fetch $430M

BIOTECH: Sunovion Sees Promise in COPD Candidate

Elevation Pharmaceuticals Inc., a local biopharmaceutical company developing a treatment for chronic obstructive pulmonary disease, is being acquired by Sunovion Pharmaceuticals Inc. of Massachusetts in a deal worth up to $430 million.

Approvals Put Wind In Tule Project’s Sails

ENERGY: Iberdrola Plans 67 Turbines, Considers Expansion

Iberdrola Renewables Inc. could begin construction of a wind farm in San Diego’s East County by next year, now that 67 turbines have been approved for its Tule Wind Power Project.

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Local Talent Pool Draws Intel to San Diego

TECHNOLOGY: Move Ratchets Up Competition With Qualcomm Inc.

The struggle to sign and retain top engineering talent led Santa Clara-based Intel Corp. to open an office in Scripps Ranch.

It’s Official: Padres Sold For $800M

The sale of the San Diego Padres was completed this week to a group headed by beer distributor Ron Fowler, and the O’Malley and Seidler families, the ball club said.

Portability Is a Selling Point For Patient Monitoring Device

TECHNOLOGY: System Replaces Spot Checks, to Be Linked to Medical Records

The ViSi Mobile System developed by San Diego’s Sotera Wireless Inc. is likely to be one of the next desirable hospital upgrades.

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Supply Dips and Prices Climb for Local Avocado Crop

FARMING: Cash Value Of Agricultural Production Is $1.68 Billion, Up 2%

There was some very good news in the county’s just-released 2011 Crop Statistics and Annual Report.

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Innovative People Would Be ‘Infrastructure’ of IDEA District

WORKFORCE: Forum To Examine Ways to Foster New Economic Environment

Local developer David Malmuth, co-founder and principal of I.D.E.A. Partners, contends that fostering innovation in San Diego is as much about capitalizing on existing local talent as it is about building new things in places like downtown.

Fashion Retailers See the Pluses of the Plus-Size Market

RETAIL: Clothing Store Expansions Fill Mall Space

U.S. fashion retailers are bringing their plus-size collections for young women to San Diego, a recognition that the market doesn’t consist solely of girls who wear sizes in single digits.

A Proper SUV for an Adventure in Luxury and Performance

What do you get when you genetically splice a mountain goat and a gazelle? The answer is embodied in the new Range Rover Sport Supercharged.

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Maintaining the Momentum of Our Innovation

There’s a great deal of effort these days being spent to foster the innovation sector that is generally acknowledged to make up a significant portion of San Diego’s economy.

There Is No Treading Water In the E-Commerce World

SALES: Exec Knows It’s Sink or Swim as Field Changes Rapidly

Chris Shimojima, the new CEO at Provide Commerce Inc., has seen e-commerce at its best.

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Not Your Older Brother’s Website

WEB DESIGN: Digitaria Builds Websites With A View to Innovation

Where will Web design and development take the world in the next 20 years?

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Regional Report

News and notes from communities around San Diego County

Real Estate Roundup

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

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Building Prosperity

Irvine Co. Puts Own Stamp on Unique San Diego Properties

Irvine Co. recently marked its 30-year presence in San Diego County by growing its office property portfolio — already the largest in the region — with the latest in a series of high-profile trophy acquisitions.

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Irvine Co. Thrives in Tough Economic Times

PROPERTY: Patience And Plenty of Cash Give Firm an Edge

Irvine Co. not only has the largest office real estate footprint in San Diego County, at more than 7.5 million square feet, but also owns six of the region’s top 20 income-generating high-rises.

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Executive Profile: Gary Peterson

Gary Peterson is the president of Gap Intelligence, a values-led corporation that works with information technology and consumer electronics manufacturers by providing up to the minute competitive intelligence information.

Vanity Fair’s Coverage Stretches To Encinitas Shala

The story behind the headlines.

Getting in the Card Game

E-COMMERCE: Devices Give Merchants Easy Way To Take Plastic Payments

People who visit Hess Brewing can enjoy a fresh beverage whose origins go way, way, way back in human history.

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Finally, a Real Home Market Recovery Begins

Where does the housing market stand? The short answer is that it is almost standing up on its own two feet.

Big Names Join Big Effort to Feed the Hungry in San Diego

Gwendolyn Meyer, director of Aqualia Foundation, and the Meyer Family are sponsoring an inaugural fundraising gala to benefit Feeding America San Diego on Oct. 13.

Firm Meeting Goals, Challenges In Sepsis Fight

MEDICINE: Aethlon Is Creating Device to Prevent Blood Poisoning

Aethlon Medical Inc. is ahead of schedule on a five-year, $6.8 million government contract to develop the technology that would prevent sepsis from occurring.

Downtown Digs Are Hot Spot for Virtual Office Locations

SERVICE: They Provide ‘Flexible’ Work Space

Providers of virtual and shared office spaces — such as Regus and Real Office Centers — have recently been boosting their presence in downtown San Diego by opening new high-rise locations.

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Acquisitions Give Entropic Momentum in Market

TECHNOLOGY: Innovation Is Part of 2 Pronged Strategy

Entropic Communications continues growing in both size and product line.