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Manchester Sells Majority Stake in Grand Del Mar

TOURISM: The 88% Share Being Bought Is Valued at $230 MillionPrivate equity firm Blum Capital and the parent of Fairmont Hotels & Resorts are acquiring a majority stake in Carmel Valley’s Grand Del Mar resort for a reported $230 million.

By Lou Hirsh April 3, 2015 1:46 p.m.   $$ Share

Sempra Subsidiary IEnova to Acquire PEMEX’s Equity Interest in Joint Venture

Sempra Energy’s Mexican subsidiary, Infraestructura Energética Nova, S.A.B. de C.V., and Petróleos Mexicanos (PEMEX) recently announced that IEnova has agreed to purchase PEMEX's 50-percent equity interest in the Gasoductos de Chihuahua joint venture for $1.325 billion, plus the assumption of approximately $170 million in net debt.

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Injecting Capital

MEDICINE: Health Care Systems Are Creating VC Arms Often to Invest in Promising Innovations for Providing Care

Hospital systems dealing with high-tech glitches and chaotic workflow brought on by health care reform are launching venture capital funds to fuel the solutions they need.

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Marla Black to Lead Junior Achievement of San Diego County

Veteran banker Marla Black has been named president and chief executive officer of Junior Achievement of San Diego County.

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Brain Injury Diagnosis Crucial to Treatments

MEDICINE: Co. Exploring Biomarkers to Detect Damage

Banyan Biomarkers gained yardage recently in its bid to help the National Football League and other sports organizations diagnose traumatic brain injuries.

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Watkins Landmark Tapped to Build Hotel at El Paseo

Carlsbad-based Watkins Landmark Construction has been awarded the contract to build a new Marriott Autograph Collection luxury hotel in Palm Desert’s upscale El Paseo shopping district.

UCSD, La Jolla Institute for Allergy and Immunology Sign Agreement

The La Jolla Institute for Allergy and Immunology announced Monday an official affiliation agreement with the University of California, San Diego Health System.

VetStem and Animal Hospital Announce Partnership

Poway-based VetStem Biopharma, a veterinary regenerative medicine company, and VCA Emergency Animal Hospital & Referral Center recently announced an educational and clinical partnership in support of local area vets.

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Mediation Lets Parties Avoid Uncertain Trials of Going to Court

LEGAL: Crowded Courts, Jury Risks and Big Costs Are Bypassed

With budget cuts straining the state judicial system, judges frequently steer disputes between businesses toward mediation in attempts to find resolutions outside the courtroom.

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Fertile Grounds For A Lawsuit

LEGAL: In California, It’s Let the Business Beware as Labor Law Landscape Gets More Tricky to Navigate

California’s new paid sick leave law is being welcomed by labor interests, but attorneys say it is likely to add fuel to the trend of employees suing businesses over wage and hour issues.

New Attorney Additions and a New Firm Are Part of S.D. Scene

Christina Semmer has joined Wilson Turner Kosmo LLP as an associate. Semmer joins the firm’s employment and business practice groups. Her business litigation practice includes representing companies in breach of contract, business tort, and other complex litigation matters.

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Marketing Firm Buys Kearny Mesa Building to House New Headquarters

San Diego-based InnoVision Marketing Group recently purchased a Kearny Mesa building, which will serve as its new headquarters.

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Cohn Plans Mid-August Opening for New Harbor Island Restaurant

Cohn Restaurant Group of San Diego has a mid-August opening planned for Coasterra, its new waterfront restaurant at Harbor Island.

County Unemployment Rate Increases Slightly to 5% in June

Unemployment in San Diego rose slightly to 5 percent in June, up from a revised 4.9 percent in May, as the region added 4,200 jobs.

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Aztecs, Bowl Games May Need New Home if Chargers Bolt

SPORT: Stadium Said To Need a Pro Team To Be Viable Venue

The conversation over San Diego football in Mission Valley and a replacement for the aging Qualcomm Stadium has naturally focused on how to keep the Chargers in town.

UC San Diego to Pay MTS $30 Million for Naming Rights on Trolley Line

University of California, San Diego is entering into a $30 million deal with the Metropolitan Transit System to dub the Mid-Coast Trolley Line the “UC San Diego Blue Line.”