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Tuesday, Mar 19, 2024
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No Surprise, He’s Rolling the Dice On Home Auction

Las Vegas high-roller Billy Walters, who brags he’s wagered as much as $1 million on the outcome of a single hole of golf, hasn’t been able to sell El Milagro, his 9-acre, 21,000-square-foot Rancho Santa Fe estate, for a listing price of a tad under $20 million. So the inveterate gambler has hired an auction house to sell the property in a no-reserve auction set for Aug. 15. This isn’t the first time that Walters — a subject of a reported insider trading investigation — has tried to sell a home here. He listed his oceanfront Carlsbad home for $20 million in 2011, just as the residential market was starting to rebound from the recession. But there have been no takers, apparently, as he still owns that property. … “Building Better Boards” is the topic of the San Diego Venture Group’s July 24 breakfast gathering, which comes after the group saw nearly 900 people register — and more than 100 VCs in attendance — for its venture summit last month. The upcoming panel discussion will feature David Hale, chairman and CEO of Hale BioPharma Ventures; Jeff Lunsford, CEO of Tealium; and Ken Widder, a partner at Latterel Venture Partners in San Francisco. Hale is executive chairman of Sorrento Valley-based Biocept Inc., a cancer diagnostic startup. As a professional investor, Widder is familiar with building boards at startups. Details are at sdvg.org. … Market research firm Clean Edge ranks San Diego No. 3 and California No. 1 in clean-tech activities in a recent survey. The survey tracks the clean-tech activities in the 50 largest cities in the U.S. … San Diego travel writer Maggie Espinosa, my fellow journalist, has been walking the 830-mile plus El Camino Real connecting the 21 historic missions in California for the past eight months, an achievement worth noting in and of itself. Her inspiration is the tens of thousands of travelers each year who crowd the Camino de Santiago, the 500-mile route from the Pyrenees on the border of France to northern Spain. With this inspiration top of mind, Espinosa is promoting a showing of “Walking the Camino: Six Ways to Santiago,” a documentary about the annual event in Spain, on July 24 at the AMC Mission Valley. For details, visit www.tugg.com/events/9997. … Finally, the San Diego Opera has made a dramatic move. In a bid to save on rent, the financially recovering company moves its administrative offices, costume shop and ticket offices to the Centre City Building on A Street. The Irvine Co. helped the opera make the transition, as did Gorilla Movers, which gave the opera a discount on moving to the new digs. Till next week.

Contributing Editor Tom York writes the SDBJ Insider. You can reach him via email at tyork@sdbj.com or tom.york@gmail.com. Tweet to him at @toms2cents.

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