Stories for February 2013

Thursday, February 28

Local Firm Buys Chula Vista Apartments for $90M

San Diego-based R&V Management Corp. has purchased the 336-unit Missions at Sunbow apartment complex in Chula Vista for $90 million.

Mike McDowell Named President of San Diego Hall of Champions

Mike McDowell, who recently resigned from heading Balboa Park’s 2015 centennial celebration, was named president of the San Diego Hall of Champions, according to a news release.

Kearny Mesa Technology Complex Sells for $59.5M

The three-building Cabrillo Technology Center industrial complex in Kearny Mesa has been sold for $59.5 million, according to CoStar Group.

Capstone Affluent Strategies Opens Office in San Diego

Capstone Affluent Strategies, a Newport Beach wealth management firm, opened an office in downtown San Diego, its 11th office nationwide, the firm said.

Developer Obtains $23.5M in Refinancing for Border Retail Center

Solana Beach-based developer The Shamrock Group LLC has obtained $23.5 million in refinancing for The Plaza at the Border, the company’s recently completed 98,000-square-foot retail center in San Ysidro.

Wednesday, February 27

Sempra Energy Reports Earnings of $859M in 2012

Sempra Energy recently reported 2012 results, saying it achieved earnings of $859 million, or $3.48 per diluted share, on revenue of $9.65 billion.

Downtown Retail Property Market Continues Recovery

Downtown San Diego’s retail real estate continued its post-recession recovery in 2012, registering single-digit vacancy for the first time since 2008, according to a new report by the brokerage firm Cushman & Wakefield.

Z Microsystems to Supply Naval Surface Warfare Center With Displays

Z Microsystems, a locally based provider of computing systems, announced they were chosen by the Naval Surface Warfare Center to supply the company’s Intelligent Display Series for use in the Small Tactical Unmanned Aerial System program onboard amphibious ships.

Tandem Diabetes Care Application Receives FDA Clearance

A diabetes management application from San Diego-based Tandem Diabetes Care Inc. has received clearance from the U.S. Food and Drug Administration.

San Diego Business Journal Seeking Best Places to Work Nominees

Nominations for the San Diego Business Journal’s Best Places to Work Awards are now open.

Tuesday, February 26

Tourism Marketing District Files Lawsuit Against City Over Contract

The corporation that oversees San Diego’s Tourism Marketing District has filed a lawsuit in Superior Court, seeking to compel Mayor Bob Filner to sign a contract renewing and activating the district for 39.5 years.

Qualcomm Partners with Deutsche Telekom on ‘Internet of Everything’ Project

As the wireless communications community gathered at the Mobile World Congress in Barcelona, Spain, this week, Qualcomm Inc. announced a partnership with Deutsche Telekom to speed the world toward an “Internet of Everything.”

Spring Valley Apartments Sell for $18.8M

The 128-unit Oakbrook Ridge Apartments in Spring Valley has been sold for $18.8 million, according to Cushman & Wakefield, which facilitated the transaction.

Ligand Pharmaceuticals Receives $1.4M Milestone Payment

San Diego-based Ligand Pharmaceuticals Inc. has received a $1.4 million milestone payment for developing and commercializing a drug for New York-based Retrophin Inc.

Novatel Wireless Reports Net Loss of $14.9M for Q4

Novatel Wireless Inc., a San Diego maker of telecom equipment and software, reported a 2012 fourth quarter net loss of $14.9 million, compared with a net loss of $3.4 million in the like quarter of 2011.

Vistage International Names Leon Shapiro as New CEO

Vistage International Inc., a locally based peer advisory organization for company executives, has named Leon Shapiro as CEO.

Monday, February 25

Illumina Completes Acquisition of Verinata Health

San Diego’s Illumina Inc. announced that it has completed its acquisition of Verinata Health Inc., a Redwood City-based company that develops noninvasive tests for the early identification of fetal abnormalities such as Down syndrome.

Possible Sequestration Cuts Could Hit Region Hard

San Diego could stand to be a big loser should Congress fail to come to some agreement on a planned slew of automatic budget cuts taking effect March 1.

Ruben Barrales Named New CEO of Grow Elect

Ruben Barrales, the former president and CEO of the San Diego Regional Chamber of Commerce, has been tapped to be the first president and CEO of Grow Elect.

La Jolla Properties Sold for $8.5M

A local investor has purchased a portfolio of retail and office properties in La Jolla for $8.5 million.

San Diego Business Journal Launches Fastest Growing Companies Survey

Nominations for the San Diego Business Journal’s Annual Fastest Growing Private Companies list are now open.

Business Events Calendar

Business Events in and Around San Diego Feb. 25-March 8

Dispute Over Tourism District Hobbles Marketing

TOURISM: Mayor Says It’s a ‘Bad Deal’ for City, Seeks Major Changes

Efforts to market San Diego to visitors remain in limbo amid political and legal feuding over implementation of a recently renewed Tourism Marketing District, with the region’s main tourism promotion agency mulling staffing and other cuts that could occur later this year.

Mick Farrell to Take Over Top Spot at ResMed

HEALTH: Peter Farrell Steps Down; Search Leads to Son

Peter Farrell, founder, chairman and longtime CEO of San Diego-based medical device manufacturer ResMed Inc., is stepping down from his post and will be replaced by his son, Mick Farrell. The move will become effective March 1.

Philanthropist’s Generosity Gets Some Heartfelt Thanks

Kudos/Giving Column

UC San Diego held the 16th Annual Heart of San Diego Gala at the Park Hyatt Aviara Resort to honor local philanthropist Audrey Geisel. The event was held to celebrate Geisel’s support of improving cardiovascular care in San Diego and featured a silent auction, dinner and dancing.

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Executive Profile: Brad Termini

Brad Termini is the founder and co-CEO of Zephyr Partners, a private real estate developer that focuses on niche opportunities in the Southern California housing market. Founded in 2008 with partner Dane Chapin, Zephyr started out with an opportunistic approach to capitalize on a collapsing real estate market.

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Market Conditions Point to a Potential Bubble in Housing

REAL ESTATE: Scarce Land, Low Interest Rates, Motivate Buyers to Act

The increased demand for housing is spilling over to the purchase of new homes, say local builders. “There was an inflection point that happened in 2012,” said Paul Barnes, president of Shea Homes San Diego. “The light turned on inside a lot of people’s heads, and they got re-energized about home ownership.”

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The House Advantage

REAL ESTATE: Seller’s Market Drives Prices Up; Inventories Remain Tight

The continued dearth of available homes for sale in San Diego is driving up prices and causing much consternation among buyers, who often find their offers on properties too little or too late.

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Local Commercial Property Financing Expected to Surpass 2012

Real Estate Column

Commercial property deal volume in San Diego County topped $1.6 billion in 2012, a significant improvement over the last several years. But debt and equity financing have yet to return to pre-recession peaks, according to a recently released capital markets report by the brokerage firm CBRE.

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Bank Sees Acquisition as Making for the ‘Perfect’ Footprint

Finance Column

Regents Bank, now a part of Los Angeles-based Grandpoint Capital, grew bigger last year, having assimilated Escondido-based California Community Bank in November.

Witkin Award Puts Spotlight On Distinguished Leaders

The Business of Law Column

The San Diego County Law Library Justice Foundation will once again hold the Bernard E. Witkin, Esq. Award ceremony March 7 at the Admiral Kidd Catering and Conference Center. The annual awards recognize distinguished service by members of the San Diego legal community.

Employers Consider Costs and Impact of Health Care Reform

HEALTH CARE: Worker Counts Determine Employer Health Insurance Costs

A 29-hour work week. That’s the upshot for many employers in the hospitality business who are planning ways to curb costs associated with health care reform.

Qualcomm Is 6th in Ranking of Corporate Cash Reserves

FINANCE: Tech Giant’s Funds Allow For Investor Payouts and Acquisitions

Like several other multinational technology giants, Qualcomm Inc. is sitting on an eye-popping cash pile.

Speedy Mass Notification Is Software Firm’s Forte

TECH: Messaging Takes on Many Tasks, Including Saving Lives

To promote his business, CEO Amir Moussavian hands out a device roughly the size of a highlighter pen. It’s a combination screwdriver (with four interchangeable blades), LED flashlight and carpenter’s level (the old-school variety with the floating bubble).

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Firms Partner to Develop Telehealth Product Line

San Diego-based wireless health developer GreatCall Inc. has partnered with Palo Alto’s Robert Bosch Healthcare Systems Inc. to develop and market a new line of mobile telehealth products.

East County Hosts St. Patty’s Day Race

SDBJ Insider

A number of East County businesses are teaming up to hold a half marathon and 5K footrace on March 17, an idea originally sparked by the 2012 leadership class of the East County Chamber of Commerce. The race through parts of El Cajon and Rancho San Diego will give runners a whirlwind tour of the two communities, organizers said.

Firms Fight for Repeal Of Medical Device Tax

HEALTH: Levy on Revenue Is Seen as Job Killer by Industry

Several San Diego firms are lobbying to repeal the medical device tax, a recently enacted levy that will raise funds as part of President Obama’s Affordable Care Act.

Region Is Ready for the ‘Internet of Everything’

TECH: Firms Well Positioned For Machine-to-Machine Needs

San Diego sits at a technological crossroads. London-based business intelligence firm ABI Research sees strong growth ahead in a space where wireless communications meets cybersecurity. San Diego businesses specialize in both.

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Chain’s 2-Minute Pies Make Pizza a Faster-Food

DINING: Project Pie Targets Work Crowd, Scouts Locations

For those willing to stop by his new fast-casual pizza eateries instead of having it delivered, Carlsbad-based restaurateur James Markham says he’s got “30 minutes or less” beat by a mile. His operating recipe calls for made-to-order pies in about two minutes.

Firms Go on Defense Over Enterprise Zone Reform

TAX: State Plans for Change May Affect Taxes, Hiring Incentives

Commercial brokers and local business operators are among those looking to put the brakes on state plans to curtail tax incentives available through California’s Enterprise Zone program, which gives tax credits to companies that create jobs by establishing or expanding operations in designated districts.

Eyes on the Enterprise

FINANCE: Tech Coast Angels Look for Startups That Deserve Backing

Yet another sign that a recovery is gaining power: More angels are out there, looking to help companies.

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Friday, February 22

Volcano Corp. Reports Revenue of $102.5M for Q4

Volcano Corp. reported record revenue for the fourth quarter ending December 31.

United Arab Emirates Signs Deal with General Atomics Aeronautical

The United Arab Emirates is closer to getting unmanned Predator aircraft built by General Atomics Aeronautical Systems Inc.

Jack in the Box Reports Net Income of $20.7M for Q1

Jack in the Box Inc. reported fiscal 2013 first quarter net income of $20.7 million compared with net income of $11.9 million for the like quarter in 2012 fiscal year.

Carmel Valley Office Building Sells for $18M

The Carmel Valley office property known as Foley Corporate Center, at 11943 El Camino Real, has been sold for $18 million.

Overland Storage Completes Securities Placements

Overland Storage Inc., a San Diego provider of data storage products, said it completed private placements of its securities resulting in gross proceeds of $14.25 million.

San Diego Business Journal Seeking Best Places to Work Nominees

Nominations for the San Diego Business Journal’s Best Places to Work Awards are now open.

Thursday, February 21

Leap Wireless Reports Net Loss of $74.3M for Q4

Leap Wireless International Inc., the San Diego wireless carrier doing business as Cricket, reported a fourth quarter net loss of $74.3 million, compared with a net loss of $84.4 million for the like period of 2011.

Organovo Holdings Partners with ZenBio to Create 3-D Human Tissues

San Diego-based Organovo Holdings Inc. is partnering with Durham, N.C.-based cell culture development company ZenBio Inc. to build three-dimensional human tissues for drug discovery and advanced tissue therapies.

Founder of ResMed to Step Down as CEO; Mick Farrell to Take Top Post

Peter Farrell, founder, chairman and longtime CEO of San Diego-based medical device manufacturer ResMed Inc., is stepping down from his post and will be replaced by his son, Mick Farrell. The move will become effective March 1.

Rancho Bernardo Retail Center Sells for $12.4M

An affiliate of locally based Retail Opportunity Investments Corp., also known as ROIC, has purchased a grocery-anchored retail center in Rancho Bernardo for approximately $12.45 million.

UCSD Biologist Wins $3M Award for Life Sciences Work

A UC San Diego cancer biologist has received a $3 million award for his work in tumor growth. He is one of 11 winners around the world to win the inaugural Breakthrough Prize in Life Sciences.

Ship Repair Community to Hold Rally Feb. 22 Over Federal Budget Concerns

People associated with San Diego’s ship repair community are planning a rally Feb. 22 to call attention to the federal budget impasse.

Wednesday, February 20

Founder of ResMed to Step Down as CEO; Mick Farrell to Take Top Post

Peter Farrell, founder, chairman and longtime CEO of San Diego-based medical device manufacturer ResMed Inc., is stepping down from his post and will be replaced by his son, Mick Farrell. The move will become effective March 1.

Hotel del Coronado Named Top Property by Sales Industry Group

Hotel del Coronado recently received the “Chairman’s Award’ as Hotel of the Year for 2013, at a recent annual conference of Associated Luxury Hotels International held in Las Vegas.

GreatCall Partners With Robert Bosch Healthcare for Telehealth Products

San Diego-based wireless health developer GreatCall Inc. has partnered with Palo Alto’s Robert Bosch Healthcare Systems Inc. to develop and market a new line of mobile telehealth products.

Mixed-Use Development Sold Through Receivership

The Lofts at Moonlight Beach, a newly constructed mixed-use development in Encinitas, has been sold out of receivership at an undisclosed price.

Sanitas Inc. Receives FDA Approval for Wellaho Medical Device

Sanitas Inc., a San Diego-based company that develops mobile technology for patients with chronic diseases, has received approval from the U.S. Food and Drug Administration for its Wellaho platform as a class II medical device.

Seminar to Discuss Southern California Exporting Opportunities

The San Diego Center for International Trade Development with the Port of San Diego and the Port of Los Angeles will hold a seminar on exporting opportunities Feb. 21.

Tuesday, February 19

Solana Beach Firm Buys 2 North County Buildings for $12.9 Million

Investment firm SR Commercial of Solana Beach has purchased two North County industrial buildings for a total of $12.9 million.

Qualcomm Contest Is Part of Expansion of Wireless Health Platform to Europe

San Diego’s Qualcomm Life Inc. is expanding its wireless health platform 2net Hub to developers in Europe, and has launched a contest that pits developers from around the world against one another to build the best wireless health app.

Pacific Imperial Railroad Signs 99-Year Lease, Plans Improvements to Railway

Pacific Imperial Railroad Inc., the operator of the railway running from San Diego through Tijuana and back across the border to El Centro in Imperial County, said it signed a 99-year lease with the San Diego and Arizona Eastern Railway Co. and the San Diego Metropolitan Transit Development Board to operate the Desert Line.

Loews Coronado Bay Resort Completes $12 Million Renovation

Operators have completed a $12 million renovation of Loews Coronado Bay Resort, following phased-in work on the 440-room Coronado property over the past nine months.

DVEO Rolls Out High-Definition TV Gear

Rancho Bernardo-based DVEO is introducing its latest piece of postproduction electronics for high-definition television at a trade show in Rancho Mirage this week.

Leader of Taxpayers Association Leaves for New Position

Lani Lutar, president and chief executive officer of the San Diego County Taxpayers Association, said she is leaving the job to take over as executive director of the Equinox Center, a local think tank and advocacy group.

Monday, February 18

Realty Income Corp. Posts Revenue Increases for Quarter, Year

Escondido-based investment firm Realty Income Corp. saw revenue rise 16.4 percent in its fourth quarter ending Dec. 31, with a revenue increase of 15.9 percent for the full year 2012.

Santarus Inc. Launches New Medication, Expands Sales Force

San Diego-based drug maker Santarus Inc. has launched a new medication to treat patients with ulcerative colitis, and has expanded its sales force to accommodate the move.

Active Network Reports Net Loss of $14.3M for Q4

Active Network, the San Diego online registration service for participant sports and other technology services, reported a fourth quarter net loss of $14.3 million, compared with a net loss of $8.5 million in the like quarter of 2011.

Dental Implant Specialist Receives Seed Funding

Nasseo Inc., a medical device company based in Pacific Beach, said recently that it received $520,000 in seed funding. BioInspire, a Peoria, Ariz.-based medical technology incubator that funded Nasseo earlier this year, leads the round along with an unnamed dentist.

National City Mile of Cars Board Names Its First Woman President

The National City Mile of Cars recently broke new ground in naming a woman as its board president.

San Diego Business Journal Seeking Best Places to Work Nominees

Nominations for the San Diego Business Journal’s Best Places to Work Awards are now open.

Executive Profile: Steven D. Sefton

Steve Sefton is president and CEO of Regents Bank. Having worked together previously, Dan Yates, former president and CEO, recruited Sefton in 2011 for the job of president when Yates took on the role of president of Regents Bank’s holding company, Grandpoint Capital. In 2012, Sefton assumed the role of CEO as well. Regents Bank specializes in serving small to midsized businesses and offering a unique brand of consultative banking.

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Real Estate Roundup: February 18, 2013

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

Zephyr Partners — a San Diego-based real estate development and investment company with a focus on residential assets — has announced plans to build a new enclave of luxury beachfront condos in downtown Carlsbad.

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Surfdog Records Has A Legend on Board

MARKETING: Years of Work Play Part in Eric Clapton Deal

From Surrey to Swami’s. That is the long trajectory that Eric Clapton has taken. The English-born guitarist has tapped Encinitas-based Surfdog Records to distribute his latest album in the United States and Canada. The compilation, called “Old Sock,” goes on sale March 12.

About Alexis Gutierrez

Employment Law Supplement

The California Supreme Court issued a watershed wage and hour decision in Brinker Restaurant Corporation v. Superior Court last July. In its decision, the Brinker Court resolved uncertainty regarding the limits, if any, of an employer’s responsibility for the mandatory meal and rest periods for hourly employees.

Brinker was Helpful, but There are Still Many Legal Issues for Business Owners to Mind

The California Supreme Court issued a watershed wage and hour decision in Brinker Restaurant Corporation v. Superior Court last July. In its decision, the Brinker Court resolved uncertainty regarding the limits, if any, of an employer’s responsibility for the mandatory meal and rest periods for hourly employees.

PROFILE: Spencer C. Skeen

Employment Law Supplement

Spencer C. Skeen devotes his practice exclusively to the representation of companies and management in a wide range of labor and employment disputes, including class actions, wage and hour, discrimination, retaliation, harassment, wrongful discharge, breach of contract, disability access, noncompete, and trade secret disputes

California Supreme Court Decision Clarifies Standard for Defending FEHA Claims

Employers can finally exhale a small sigh of relief. On February 7, the California Supreme Court decided the issue of whether the “mixed-motive” defense applies to employment discrimination claims under the California Fair Employment and Housing Act (FEHA).

Court Affirms Tip Pooling Policy As Long As Recipients Are Not Management Level

Employment Law Supplement

In a recent decision by the Sixth Appellate District of California, the court upheld a casino’s tip-pooling arrangement with card dealers who work at the casino. In Avidor v. Sutter’s Place, Inc. (Cal. Ct. App. Jan. 23, 2013), a class of current and former card dealers sued Sutter’s Place (doing business as Bay 101) claiming that the casino’s policy compelling them to participate in a tip-pooling arrangement violated California Labor Code section 351.

Project Is Key Next Step on Clean-Tech Journey

As the San Diego region continues its progression toward achieving its renewable energy goals, our commitment to utility-scale renewable energy projects is a significant element of our overall power generation landscape. The Shu’luuk Wind Project, a proposed wind power project in partnership with Invenergy Wind California LLC and the Campo Band of Mission Indians of the Kumeyaay Nation in East County, is an important part of this landscape.

Plan Fits the Time, the Place and Aesthetic

Last week I reviewed the plans for the One Paseo project, a proposed 1.4 million-square-foot mixed-use development to be located at El Camino Real and Del Mar Heights Road in Carmel Valley. Issues have been raised, particularly as to its “urban” design in a suburban community, and its potential impact on traffic. I attempt to provide perspective as to why this project is an important one, and a correct land use solution.

Grant Opens Door for Military Kids to Explore Environment

The Living Coast Discovery Center in Chula Vista was awarded $25,000 from San Diego Gas & Electric to support the center’s environmental camp program for military children. In collaboration with the Armed Services YMCA and with SDG&E’s donation, military children will be able to participate in wildlife exploration, games, crafts, and learn about pollution prevention and energy efficiency, all at no cost.

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Home Sales Boost Home Improvement Retailers

RETAIL: Local Retailer Plans New Stores In Locations Nationwide

Pasha Automotive Services, one of the most successful maritime tenants on the San Diego waterfront, plans to expand its operations in National City, bringing in more cars and creating more jobs. However, Pasha’s expansion is at odds with an RV park planned by National City adjacent to the Pasha site. 

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Cupid Must Work Overtime At This Plant

And now this bit of business-related news from “South of the Border.” For the past dozen years, Bay Area-based headphone maker Plantronics has hosted a mass wedding for employees of its Plamex manufacturing plant in Tijuana.

Carrier Deployment Is Next Mission for Drones

DEFENSE: Big Contractors Expected to Compete for Work

While the U.S. Navy prepares for further tests of its X-47B aircraft — an existing, experimental unmanned plane designed to fly off of aircraft carriers — as many as four prime contractors are positioning themselves to build the next big thing.

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Law School Dedication Celebrates Achievements

LEGAL: Campus Raises the Bar On Facilities With Its LEED Gold

Thomas Jefferson School of Law’s new home captures the spirit and determination of its namesake and the environmental sensitivity of our third president. And that was no accident.

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Stage Being Set for Big Movie-Business Roles

MOVIES: Expansion Sought In Production and Distribution

Hollywood’s annual awards season, now in full-hoopla bloom with the approach of the Oscars telecast, often gets local producers like Dale Strack wondering how San Diego County can nab a larger chunk of California’s multibillion-dollar movie production and distribution industry.

An Ounce of Prevention…

HEALTH: Firm Crafts Personal Touches for Digital Wellness Efforts

The personalized medicine market is revving up, and La Jolla-based MD Revolution Inc. is at the forefront. The company combines genetic testing with data from mobile tracking devices to tailor wellness programs to fit a patient’s individual health needs.

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Local Lending Climate Improves, Recovery Taking Hold

FINANCE: Increasing Confidence Brings an Upswing in Business

Local banks and credit unions saw a spike in lending activity last year, a clear indicator that an economic recovery is gradually taking hold.

Regional Banks Find the Right Balance

BANKING: Institutions Increase Market Share With Their Approach to Service

Smaller than the biggest national banks but far larger than most community banks, regional banks, or those doing business in multiple states, are finding fertile ground in San Diego.

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Regional Report

News and notes from communities around San Diego County

Work is proceeding on the second phase of a year-long, $7 million streetscape renovation in the Coast Highway 101 business district of Solana Beach.

Low Interest Rates Took a Toll on Bank’s Net Profit

California Bank & Trust, San Diego’s largest commercial bank, saw its net profit drop 5.4 percent last year or by $7 million from 2011, mostly as a result of compressed net interest margins.

Slacker Updates Interface and Launches New Marketing Campaign

SOFTWARE: Internet Radio Service Sees Big Opportunity Ahead

Slacker Inc., the San Diego-based Internet radio service, is taking aim at its rivals. The company just unveiled a newly refreshed user interface, and plans to spend millions of dollars in marketing this year. One source said the marketing campaign will be worth $5.5 million, while another source projected a $10 million campaign.

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Costs of Opening Hospital Hit Palomar Health’s Bottom Line

HEALTH: Bond Rating Stable, But Need to Boost Cash Flow Is Emphasized

Costs of operating a new hospital took a toll on Palomar Health’s bottom line. The startup expenses associated with the Palomar Medical Center in Escondido, which opened in August of 2012, placed the health system deeper in the red than expected, but its bond rating remains stable, according to a recent report from Fitch Ratings. Four sizable bonds were rated BB+.

FirstWatch Software Plots Hidden Data Trends

TECHNOLOGY: Safety, Fire, Disease Among Uses for Incident Tracking

Mardi Gras and the Super Bowl in New Orleans. With that city’s reputation for craziness, it sounds like mischief in the making. An Encinitas company called FirstWatch, however, helped New Orleans authorities keep their cool during both events, including the mysterious blackout at the Mercedes-Benz Superdome.

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BioMed Realty Announces Stock Offering

Real estate investment firm BioMed Realty Trust Inc. has announced an offering of 12.7 million shares of common stock, with expected gross proceeds of approximately $260.4 million.

Pasha’s Growth Plans Collide With City’s RV Park

AUTO: Port Is Seeking Brokered Compromise Plan

Pasha Automotive Services, one of the most successful maritime tenants on the San Diego waterfront, plans to expand its operations in National City, bringing in more cars and creating more jobs. However, Pasha’s expansion is at odds with an RV park planned by National City adjacent to the Pasha site. 

Friday, February 15

Region Welcomes 32.3 Million Visitors in 2012

The San Diego region greeted 32.3 million visitors in 2012, up from 31 million the prior year, the San Diego Tourism Authority reported, at its annual economic impact and forecast event.

Encore Capital Reports Gross Collections $230.5M for Q4

Encore Capital Group Inc., the San Diego collector of charged off credit card debt, reported fourth quarter gross collections of $230.5 million, up 24 percent from the like quarter of 2011.

DriveCam Receives Investment from Volvo Group Venture Capital

Volvo Group Venture Capital, a subsidiary of Volvo Group, announced an investment in DriveCam, a locally based driver risk management company.

Ramona ‘Nanobrewery’ Sets Grand Opening for Feb. 24

A brewery on Ramona’s main drag is getting ready for its grand opening later this month.

Finalists Tapped for Top Real Estate Deals of the Year Event

Reinvented retail space, master-planned, eco-friendly apartment communities, and tricked-out tech complexes are just a few of the innovative, lucrative deals struck by San Diego’s real estate masterminds in 2012.

Thursday, February 14

BioMed Realty Trust Announces $260.4M Stock Offering

Real estate investment firm BioMed Realty Trust Inc. has announced an offering of 12.7 million shares of common stock, with expected gross proceeds of approximately $260.4 million.

Elcelyx Therapeutics Closes $20M Series C Financing Round

San Diego-based Elcelyx Therapeutics Inc. closed a $20 million Series C financing round to develop two diabetes-related products. The financing was led by San Diego’s GSM Fund LLC, a fund dedicated to this single investment. It is managed by Rick Barry, a San Diego financier who has joined the Elcelyx board of directors.

Local Developer Building 172-unit Apartment Project in Santee

San Diego-based developer JMR Properties Inc. plans to begin construction in the second quarter on a new $38 million apartment project in Santee.

San Diego Hospice Closes Doors, Transitions Patient Care to Scripps Health

San Diego Hospice announced that it will shutter its doors for 60 to 90 days as it seeks court approval to transition patient care and some employees to Scripps Health.

Region’s Housing Recovery Shows Momentum

The median price for San Diego resale houses in January was $350,000, down by $16,000 from the median price in December, but up 15 percent above the local median price in January 2012, according to the latest Dataquick report.

County to Hold Property Auction to Collect Unpaid Taxes

San Diego County Treasurer-Tax Collector Dan McAllister says he’s putting up 233 properties with defaulted taxes for an auction sale scheduled for March 13.

Wednesday, February 13

DriveCam Orders Reached $100M in 2012

DriveCam Inc., a San Diego provider of video camera systems for transportation fleets, said orders last year hit a record $100 million, while its subscription base grew 50 percent, and doubled the number of orders year over year.

ViaSat Awarded $1.65M Contract from U.S. Marine Corps Systems Command

ViaSat Inc., the Carlsbad maker of satellite equipment, said it was awarded a follow-on contract for $1.65 million from the U.S. Marine Corps Systems Command to continue working on security systems for off-the-shelf mobile devices.

Japan Airlines Delays Start of Daily Local Service

Japan Airlines has postponed the planned March start of direct daily service between San Diego and Tokyo, due to the continued global grounding of the Boeing 787 aircraft. The airline announced that four-days-weekly service will be offered from San Diego International Airport during the month of March.

RQx Pharmaceuticals Enters Drug Collaboration with Genentech

La Jolla-based RQx Pharmaceuticals Inc. could receive up to $111 million from its new drug discovery collaboration with Genentech, a member of the Switzerland-based biotech giant Roche Group.

San Diego Places Second in JLL Ranking of Life Sciences Hubs

San Diego places second in a new nationwide ranking of life sciences markets based on business activity, compiled by commercial real estate brokerage firm Jones Lang LaSalle.

Tuesday, February 12

Japan Airlines Delays Start of Daily Local Service

Japan Airlines has postponed the planned March start of direct daily service between San Diego and Tokyo, due to the continued global grounding of the Boeing 787 aircraft.

Cubic Corp. Reports Q1 Net Income of $12.5M

Cubic Corp. recently took the wraps off first quarter earnings, reporting net income of $12.5 million on net sales of $313.4 million. Cubic’s first quarter ends Dec. 31.

Owner Refinances $80M in Loans on Hotels

Hotel investment firm Chatham Lodging Trust has refinanced approximately $80 million in mortgage loans on three of its properties, including Residence Inn San Diego Mission Valley.

Innovus Pharmaceuticals Acquires 9 Drug Portfolio

La Jolla-based Innovus Pharmaceuticals Inc. will acquire nine prescription drugs from Delaware-based Prospector Capital Partners II LLC. The acquired products are in the areas of dermatology, respiratory and autoimmune diseases.

Mad Catz Interactive Reports Fiscal 2013 Q3 Net Income of $3.1M

Mad Catz Interactive Inc., the San Diego maker of video game accessories, reported fiscal 2013 net income for Q3 of $3.1 million, compared with a net profit of $1.5 million for the like quarter in the prior fiscal year.

Partnership Purchases Borrego Springs Resort Casa Del Zorro

A San Diego-based partnership has purchased the vacant Casa Del Zorro hotel in Borrego Springs, in a distress-sale transaction. The price was $2.45 million, according to CoStar Group.

Micropower Technologies Names Aaron Tankersley President and CEO

Micropower Technologies Inc., a San Diego maker of wireless surveillance cameras, said Aaron Tankersley was recently named the company’s new president and chief executive officer, replacing founder Jon Siann.

Monday, February 11

JMI Equity Participates in $31M Investment in WhiteHat Security

JMI Equity, a San Diego private equity firm focused on high-tech and health care industries, said it participated with earlier funding group Investor Growth Capital in a $31 million investment in WhiteHat Security, a Web security company.

Luxury Furnishings Retailer Plans New Showroom at Westfield UTC

Luxury furnishings retailer Fixtures Living will open a 23,747-square-foot store at Westfield UTC mall in the fall.

Peregrine Semiconductor Reports Net Income of $5.6M for Q4

Peregrine Semiconductor Corp., the San Diego maker of radio frequency integrated circuits, reported fourth quarter net income of $5.6 million, compared with a net loss of $2.7 million for the like quarter of 2011.

La Jolla Investment Firm Acquires Arizona Golf Resort

Investment firm Interwest Capital Corp. of La Jolla has purchased the 249-room Crowne Plaza San Marcos Golf Resort hotel in Chandler, Ariz., for $11 million.

Key Customer Contracts Help Boost Kyriba Sales 36%

Kyriba, a San Diego firm that provides cloud-based treasury solutions, said its sales last year increased 36 percent, bringing the total to a range of $30 million to $35 million.

Active Lending Helps Fuel Interest in Commercial Property

REAL ESTATE: Region’s ‘Attractive Market’ Draws A Host of Entities to Space

Meeting recently in San Diego for the Mortgage Bankers Association’s annual commercial real estate financing conference, experts were bullish on national prospects for commercial and multifamily lending.

San Diego Takes 6th Again in Apartment Market Rankings

San Diego County placed sixth in the latest ranking of the nation’s strongest apartment markets, published annually by the brokerage firm Marcus & Millichap.

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La Jolla Playhouse Offers Fertile Ground For Artists And New Work

Arts & Entertainment Supplement

Spring is a very fertile time at La Jolla Playhouse. Known for its innovative and adventurous programming, the prestigious theater continues that trend with a new play development initiative, the DNA New Work Series, running through March 3. The series offers audiences the chance to see the birth of a new work while giving playwrights and directors the opportunity to develop a script by providing rehearsal time, space and resources, culminating in a workshop production or public reading.

San Diego’s Hidden Economic Engine

Arts & Entertainment Supplement

We have been compared to the Smithsonian. We give Broadway a run for its money at Tony Award time. We lure top musical talent from the San Diego Symphony’s Jahja Ling to opera’s grand diva Beverly Sills with her farewell performance. And, we create world-class exhibitions that reach a global audience and inspire people in cities from Berlin to Sidney. San Diego has emerged as one of the most dynamic, culturally-rich regions in the country, supporting a thriving industry of arts, culture and entertainment that has become a source of jobs, revenue, and opportunities for economic growth.

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Internationally-Renowned San Diego Opera Offers World-Class Productions and Local Community Commitment

Arts & Entertainment Supplement

San Diego Opera is one of the top ten opera companies in the United States and a respected member of the international opera community. San Diego Opera produces performances of the highest artistic quality featuring

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San Diego Symphony: From New York City to Shanghai, Beijing and Beyond

Arts & Entertainment Supplement

The San Diego Symphony is about to make history. The dates are set. The plans are in motion.

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Prosperity Begins at Home: Try to Buy Locally

In a challenging economic climate, prosperity depends more on the growth of the regional businesses, and less on the growth of national or even international economies.

One Paseo Is What Change Should Look Like

A heart is about to be transplanted into San Diego’s Carmel Valley, a neighborhood where community members and planning commissioners all agree that none currently exists.

Community Support Backs Hospital’s Healing Mission

Rady Children’s Hospital raised more than $229 million through “The Campaign for Rady Children’s” between 2007 and 2012. The total received by the campaign, which was started in 2007 when the hospital needed to raise funds to build the Acute Care Pavilion, surpassed the original goal of raising $220 million and another goal of raising $5 million more by the end of December 2012.

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Real Estate Roundup

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

CBRE San Diego announced that Latham & Watkins entered into a 10-year build-to-suit lease agreement with TIAA-CREF for a 70,000-square-foot Class A office building that is currently under construction at 12670 High Bluff Drive in Del Mar Heights.

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Acquisition of Horizon Hospice Expands Scripps’ End-of-Life Care

HEALTH: Bankruptcy Filing by S.D. Hospice Is Catalyst for Purchase

After several months of layoffs, cutbacks and financial uncertainty, San Diego Hospice has filed for bankruptcy protection. Scripps Health has announced that it purchased a small hospice in Poway to help lessen the blow for patients. The health system has plans to expand its end-of-life care, said Scripps Health CEO Chris Van Gorder.

Three-Quarters of Health Care Spending Related to Preventable Disease

HEALTH: Senior Fitness Leads to Healthier, Happier Aging

With more aging Americans turning toward exercise as a way to maintain their health and manage existing health problems, fitness industry members in San Diego and elsewhere are responding with programs to meet their needs.

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Efforts at Empowerment Earn a Place in Women’s Hall of Fame

Betty Evans Boone will be inducted into the San Diego County Women’s Hall of Fame on March 16. Boone is being recognized in the category of “Empowerer of Women and Girls” for her trailblazing efforts in her own legal career, and her work in the community on behalf of Lawyers Club, which works to advance the status of women in law and society.

Musical Premiere Continues Old Globe Tradition

Arts & Entertainment Supplement

Former Old Globe Co-Artistic Director Darko Tresnjak returns to direct A Gentleman’s Guide to Love and Murder; a new musical premiering at The Old Globe. When Monty Navarro, the black sheep of the D’Ysquith family, finds out he is ninth in line to inherit a dukedom, he decides to eliminate the other eight heirs standing in his way – all played by Tony Award winner Jefferson Mays (I Am My Own Wife).

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The Business of Aging

HEALTH CARE: Nation’s Fastest Growing Segment Is Major Market Opportunity

As the nation’s affluent graying population grows, more San Diego-based firms will make products catering to the senior’s health and safety, but without cramping their desire for independence.

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Bank Expects to Benefit From Reverse Mortgage Changes

Finance Column

The Federal Housing Administration’s decision to stop making fixed-rate reverse mortgages isn’t causing any stress over at Silvergate Bank, which began buying the reverse mortgages last year.

Kaiser Dominates Competitors in Commercial Health Insurance Arena

HEALTH CARE: Reform’s Promised Exchanges Heat Up Race for Market Share

Kaiser Permanente leads in the commercial health insurance market share both statewide and in San Diego, according to recent data. But its market share on a state level exceeds that in San Diego, where the insurance pool is slightly more competitive.

Monsanto Makes DealsWith Synthetic Genomics

BIOTECH: Agri-Giant Gets Part of Agradis, Other Assets

Monsanto Corp. has acquired a portion of San Diego’s hallowed Synthetic Genomics Inc. — marking the agribusiness giant’s second recent investment in the San Diego area.

Compact Video Gear Makes Waves With Navy

DEFENSE: BAE Seeks Production Contract After $72M Development Phase

BAE Systems employees in Rancho Bernardo and Point Loma have caught the attention of intelligence specialists who serve aboard the smaller classes of U.S. Navy ships.

Movie Roles Bring Bigger Office, More Money

TECH: Legend3D Explores Studio Partnerships Abroad

Legend3D Inc., which converts two-dimensional movies to three-dimensional, recently moved to much bigger and modern offices in Carlsbad, and obtained another round of venture investment.

‘Lab Partner’: Shared Space Is Big Help to Small Firms

SCIENCE: Janssen Labs Supports Biotech Startups With Facilities, Services

Lori Yang needed lab space. But just a little.

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Cubic Corp. Names William W. Boyle As New CEO

Cubic Corp., the San Diego defense contractor and maker of automated mass transit fare systems, named William W. Boyle, 78, as its new chief executive officer.

Contractors Prepare for Worst When Budget Cuts Hit

DEFENSE: Massive Layoffs Loom Large Over Industry, Local Ship Repair Yards

Claudio Rivas is looking at the prospect of layoffs. He may have to let the majority of his workers go because of impending federal budget cuts.

Tourism Promotions Cut Short By District Delays

HOSPITALITY: Future Ads Depend on Council’s Approval of TMD Budget

Officials don’t yet know how it will translate in terms of lost travel revenue for the region.

Feb. 14 ‘Mergers’ Should Officially Set the Date

Thinking of getting married on Saint Valentine’s Day, which is just around the corner?

Securing the Future

TECH: New Incubator Aims for Innovation in Cyber Security, Analytics

Cybersecurity is a business worth hundreds of millions of dollars to the region. ESET, Norman AS and Websense Inc. all make San Diego home. So do the many defense contractors working silently in the cyber realm: firms such as BAE Systems, Booz Allen Hamilton, General Dynamics Information Technology, Lockheed Martin and SAIC.

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Eateries Seek to Curb Sidewalk Dining Rules

HOSPITALITY: Restaurateurs See Potential for Profits Alfresco

Restaurant operators are throwing their industry’s regional economic clout behind a proposal to streamline the approval of sidewalk dining spaces in the city of San Diego.

Friday, February 8

Local Life Science Firms Received $709M in VC Funding in 2012

San Diego was the second-highest recipient for life sciences venture capital funding – about $709 million was invested in local companies last year, according to a new report from PricewaterhouseCoopers LLP. San Diego is second only to the San Francisco Bay area, which received $1.7 billion.

BofI Holding Inc. Reports $9.7M in Q2 Profit

BofI Holding Inc., the San Diego based parent of BofI Federal Bank, reported record fiscal second quarter profit of $9.7 million, up 47 percent from the like quarter of the prior fiscal year. It was the fourth consecutive quarter of record earnings for the online bank.

ViaSat Announces Net Loss of $20.8M for Fiscal 2013 Q3

ViaSat Inc., the Carlsbad maker of satellite equipment, reported a fiscal 2013 third quarter net loss of $20.8 million, compared with a net profit of $5.1 million for the like quarter of the prior fiscal year.

LRAD Corp. Receives $323,000 Order From Colombian Navy

LRAD Corp., the locally based provider of long-range acoustic hailing devices, announced that the company received a $323,000 order for their LRAD 300X systems to be used on Colombian Navy patrol boats.

Satellite Network Contract Expands Padres’ Televised Coverage

Fox Sports San Diego, the network provider of the San Diego Padres home games, said it has signed a contract with the Dish satellite network allowing that entity to broadcast Padres games this year to its customers starting April 1.

Finalists Tapped for Top Real Estate Deals of the Year Event

Reinvented retail space, master-planned, eco-friendly apartment communities, and tricked-out tech complexes are just a few of the innovative, lucrative deals struck by San Diego’s real estate masterminds in 2012.

Thursday, February 7

ecoATM Secures $40M in Debt Financing to Further U.S. Expansion

ecoATM, a locally based company whose automated self-service kiosks allow users to get money for their used electronics, announced that the company secured $40 million in mezzanine debt financing from Falcon Investment Advisors LLC.

Cymer Shareholders Approve Sale of Company to ASML N.V.

Cymer Inc., the San Diego maker of laser equipment used in the production of semiconductors, said its shareholders overwhelmingly approved the sale of the company to Holland-based ASML N.V. at a special meeting Feb. 5.

Sotera Wireless to Receive $14.8M in Financing

San Diego-based medical device company Sotera Wireless Inc. will receive $14.8 million in financing from a group of investors that includes Safeguard Scientifics Inc., a Wayne, Penn.-based holding company that provides growth capital and operational support to health care and technology companies.

Integra Biotechnical Completes Relocation, Expansion of Tijuana Plant

Integra Biotechnical, a division of Arizona-based Providien LLC and the operator of two facilities in San Diego’s North County, said it completed a relocation and expansion of its Tijuana manufacturing plant.

BioMed Posts 18.3 Percent Revenue Increase for 2012

Locally based real estate investment firm BioMed Realty Trust Inc. saw revenue rise 23.9 percent for its fourth quarter ending Dec. 31, and 18.3 percent for the full year 2012.

Home Depot to Hire 900 Seasonal Workers at Local Stores

The Home Depot plans to hire 80,000 seasonal workers at its U.S. home improvement stores this year, including 900 at its 21 San Diego County locations.

Panel of Experts to Review Health Care Reform at SDBJ Event

The San Diego Business Journal will host a comprehensive panel discussion on the current and future state of health care reform on Tuesday, Feb. 12.

Wednesday, February 6

$1B Green Build Project Makes Visible Progress at Airport

Lindbergh Field’s $1 billion Green Build improvement project will be finished in phases as it moves towards its scheduled completion in August, said the San Diego County Regional Airport Authority, the agency that manages the airport.

Carlsbad Office Building Sells for $10.3M

A Florida investment entity has purchased a building at the Paseo Summit office complex in Carlsbad for approximately $10.3 million, according to CoStar Group.

Vibra Bank Reports Unaudited Net Profit of $183,000 for Q4

Vibra Bank, with a single office based in Chula Vista, reported unaudited, fourth quarter net profit of $183,000 compared with a profit of $576,000 for the like quarter of 2011.

Sullivan Solar Power Opens Government Affairs Office in San Francisco

San Diego-based Sullivan Solar Power has created a government affairs division with a new office in San Francisco.

Balboa Park Renovation in Limbo After Court Ruling

San Diego Superior Court has ruled in favor of local preservationists who opposed a $45 million plan to renovate the western entrance of Balboa Park, contending the city did not follow necessary procedures in approving the project.

San Diego Business Journal Seeking Best Places to Work Nominees

Nominations for the San Diego Business Journal’s Best Places to Work Awards are now open.

Tuesday, February 5

IMAX Execs to Discuss Future Collaborations With Local Firms

Representatives from IMAX Corp. will be in San Diego Feb. 6 and 7 to meet with a dozen companies about possible future collaborations.

San Diego Firm Acquires Ontario Apartments for $95M

Investment firm MG Properties Group of San Diego has purchased the 736-unit Archstone Terracina apartments in Ontario for $95 million, according to a statement from brokerage firm Cushman & Wakefield, which represented Colorado-based seller Archstone.

Chairmen’s Roundtable, Beyster Institute Partner to Help Local Businesses

San Diego nonprofit the Chairmen’s Roundtable, which provides advice and pro-bono mentoring to local businesses, has partnered with the Beyster Institute at UC San Diego’s Rady School of Management.

Excel Buys Central Valley Retail Center for $31.9M

San Diego-based investment firm Excel Trust Inc. has purchased a community shopping center in California’s Central Valley for $31.97 million.

Downtown San Diego Partnership to Install New Board at Feb. 6 Dinner Event

The Downtown San Diego Partnership will install its new board of directors and board chairman, Keith B. Jones, at the “Downtown Unplugged” installation dinner Feb. 6.

Nomination Deadline Extended for CFO of the Year Awards

The San Diego Business Journal is seeking nominations of outstanding financial executives for its seventh annual CFO of the Year Awards. The nomination deadline has been extended to Feb. 7.

Monday, February 4

Cubic Names William W. Boyle as New CEO

Cubic Corp., the San Diego defense contractor and maker of automated mass transit fare systems, named William W. Boyle, 78, as its new chief executive officer.

TakeLessons Closes $4M Round of Venture Funding

Locally based TakeLessons, an online service marketplace for music lessons throughout the U.S., recently announced that the company closed a $4 million round of venture capital funding.

Carlsbad Approves Incubator at Former Insurance Building

Carlsbad City Council has approved plans for a new life-sciences company incubator, being set up in a local building that formerly housed a Farmers Insurance auto claims center.

Owner of Local Office Towers Changes Name to BBL Inc.

San Diego-based real estate investment firm BCL Inc., which made $130 million in local office tower acquisitions during the past year, has changed its name to BBL Inc.

Tickets to Comic-Con Go on Sale Feb. 16

Comic-Con International announced recently that badges for admission to this summer’s pop culture show go on sale at 9 a.m. Feb. 16.

Nomination Deadline Extended for IT Executive of the Year Awards

Help us celebrate San Diego’s exceptional information technology leaders by nominating your organization’s IT wizard. The San Diego Business Journal is currently accepting nominations and the deadline has been extended to Feb. 7.

‘Flying for a Cure’ Brings More Funds to the ALS Fight

The “Flying for a Cure — Reach New Heights to Cure ALS” fundraiser, held recently at the Hyatt Regency La Jolla at Aventine, raised $90,000.

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Real Estate Roundup

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

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How Military Technology Changes the World We Live In

TECHNOLOGY: The Internet, GPS, CDMA, Among the Examples

The military frequently adapts civilian technology for its own uses. But the process also works in reverse. Military technology frequently goes commercial.

Do you have it in camouflage?

DEFENSE: Technology, Robots and Ships Can Be Bought ‘Off the Shelf’

This cousin to R2D2 cuts a squatty, homely figure at 21 inches long, 20 inches wide and 16 inches tall. But it has a tenacity that military commanders like.

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Regional Report

News and notes from communities around San Diego County

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Merger of Local Banks Said to Be ‘in Process and on Track’

The biggest San Diego bank merger extant involving Coronado First Bank and San Diego Private Bank is moving ahead even though shareholders of each entity still haven’t received the proxy reports.

Life Technologies Still Works at Lowering Cost of DNA Sequencing

BIOTECH: Firm Vies With Illumina in Race To Enter Clinical Space

About a year ago Carlsbad-based Life Technologies Corp. predicted its forthcoming Ion Proton machine would be able to sequence the entire human genome in a single day for about $1,000 by the end of 2012.

Alvarado Doctors Alleviate Pressure by Joining Scripps Coastal

HEALTH CARE: Merger Fits Growing Trend Of Coordinating Care

Sustaining a private practice has become increasingly challenging, and more physicians are aligning themselves with larger health systems.

Group Seeks Disclosure of Convention Center Labor Agreement

DEVELOPMENT: Lead Contractor and City Have Yet to Respond to Action

A local coalition that supports nonunion construction companies wants officials to make public details of a labor agreement tied to the San Diego Convention Center expansion project.

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Resourceful Architects Diversify Pursuits as Military Projects Dwindle

DESIGN: Office Renovation, Re-Design Likely to Boost Demand

Local architects in 2013 will be looking to build on a postrecession recovery in work assignments that took hold in 2011 and accelerated during the past year, even as military-related projects continued to wane in San Diego County.

Firm’s Apps Are Detailed, Impressive Body of Work

TECH: 3D4Medical’s Fitness and Medical Images Are in Demand

3D4Medical LLC, a Dublin-based developer of medical and fitness apps, has an important local connection: Almost all of the experts guiding the app development are from San Diego.

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Reo Carr Named Business Journal Executive Editor

Reo Carr has been named executive editor of the San Diego Business Journal.

Locals Fear Ripple Effect From Federal Cuts

DEFENSE: West 2013 Highlights Potential For Huge Work Losses

Some $220 million worth of ship repair work in the Port of San Diego is in jeopardy this year because of federal budget woes.

Qualcomm Starts Strong With Impressive 1st Quarter

TECH: Company Revises Up Its Revenue Forecast for FY2013

Qualcomm Inc. started off its fiscal year with a bang, soundly beating Wall Street analysts’ expectations as it turned in record first quarter results for the period ending in December.

Fast-Growing Forum Of Inventors Files For Nonprofit Status

The San Diego Inventors Forum has officially filed nonprofit 501(c)(3) status, and there is talk among members that two local banks who are sponsors of the member group are willing to help fund promising new inventions that come before the organization.

Lowe’s Hiring Reflects Homeowner Confidence

RETAIL: Local Building Stores Post 6% Job Growth in Past Year

A brightening home-buying and building climate is raising hiring prospects at the national home improvement chains serving San Diego County.

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Hotels Deal With New ADA Pool Access Rules

TRAVEL: Some Properties See A Chance to Better Serve Clients

Hospitality and legal experts see both opportunities and challenges resulting from recently enacted federal regulations requiring hotels to make pools and spas accessible for customers with impaired mobility, under the Americans with Disabilities Act.

Tectonic Shift Coming In Health Care Shake-Up

HEALTH: Reform’s Impact on San Diego Reviewed at Event

Ted Mazer said he’s having a mild anxiety attack.

Commitment to Community

EDUCATION: UCSD Crafts a Plan to Serve Campus, Industry, Region

With successes such as Qualcomm Inc., Cymer Inc. and San Diego’s biotechnology cluster, UC San Diego has been an economic catalyst and a job generator for the past 52 years. Pradeep Khosla wants to extend that streak.

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Financing Agent Offers Eco-Friendly Assistance

ENERGY: Figtree Plans Bond Issue to Fund Energy Upgrades

A San Diego approved financing entity aimed at helping commercial property owners install energy-saving upgrades is close to issuing new bonds to fund a slew of projects this year.

Friday, February 1

Envision Solar and Horizon Energy Group Team Up on Solar Forest

Horizon Energy Group and locally based Envision Solar International Inc. announced that the companies will work on a Solar Forest in North Carolina, the first major project under the companies’ teaming agreement.

ServiceNow Reports Q4 Revenue of $75.2M

ServiceNow, the San Diego company that provides cloud-based technology services to larger businesses, reported fourth quarter revenue of $75.2 million, up 92 percent from the like quarter of 2011.

Homebuilder Buys San Marcos Property for $17.5M

Homebuilder D.R. Horton Inc. of Los Angeles has purchased a 14.73-acre property in San Marcos for approximately $17.5 million, according to CoStar Group.

Airport Revenue Bonds Get Low Interest Rate: 3.92

In a report, Vernon Evans, the authority’s chief financial officer, said the 3.92 percent interest rate that the bonds garnered was the lowest rate among all other national airports in the same class.

Study Released on Economic Impact of Agency’s Stem Cell Research

The California Institute for Regenerative Medicine has released an independently produced economic impact study measuring the stem cell agency’s financial impact on the state.

Reo Carr Named Executive Editor of San Diego Business Journal

Reo Carr has been named executive editor of the San Diego Business Journal. Carr, who has been in senior management at the journal for the last six years, will begin his new duties as soon as a new editor is hired.