San Diego Business Journal


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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

T-Bird Restaurant Group Acquired by H.I.G. Capital

T-Bird Restaurant Group Inc., the exclusive franchisee of the Outback Steakhouse chain in California, announced that is has been acquired by private-equity firm H.I.G. Capital LLC.

Boston-Based Firm Acquires Torrey Pines Transportation

Torrey Pines Transportation is being acquired by Boston-based Marcou Transportation Group for undisclosed terms, the buyer announced on Oct. 5.

Carlsbad's Johnson & Wood Acquired by Hub International

Chicago-based Hub International Ltd. has acquired the assets of Carlsbad’s Johnson & Wood Insurance Services Inc. for undisclosed terms, Hub announced on Oct. 5.

Bridgepoint Education Appoints New CFO

The board of directors at Bridgepoint Education Inc., a provider of postsecondary educational services, announced the hiring of Kevin Royal as the company’s new executive vice president and chief financial officer, effective Oct.1.

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Klinedinst PC Expands Law Practice into Pacific Northwest

San Diego-based law firm Klinedinst PC said Monday it has expanded into Seattle and the Pacific Northwest, adding to its existing footprint in Southern California and Sacramento.

SDG&E Seeks Approval to Recover Some 2007 Wildfire Costs Through Rates

San Diego Gas & Electric asked the California Public Utilities Commission for approval to recover in rates the remaining costs — about $379 million — to settle the 2,500 lawsuits related to the 2007 wildfires.

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Junior Achievement Announces Grand Opening of Its Education Center

Junior Achievement of San Diego County announced the grand opening for the nonprofit’s newest education center, Mission Fed JA Finance Park.

UCSD Reports $177.5 Million in Fundraising

The University of California, San Diego said it hit record fundraising totals this year, garnering $177.5 million as well as a $100 million donation from the Rady family to fund an endowment for the university’s business school.

Millennium Health Reportedly Reaches Settlement with Government

Millennium Health, the nation’s largest drug-testing company, is finalizing plans to pay the U.S. Department of Justice $275 million to settle a probe over its billing practices and hand over control of the company to lenders in bankruptcy proceedings, Bloomberg reported Sept. 23.

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Local Hotels Make Key Executive Hires

New executive management appointments were recently announced at hotels in San Diego, Carlsbad and Coronado.

Jack in the Box Announces New Share Repurchase Program

Jack in the Box Inc. announced that its board of directors has authorized an additional $200 million stock buyback program commencing in fiscal year 2016 and expiring in November 2017.

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New Chula Vista Monument Marks History of Former Power Plant

Port district and Chula Vista officials recently unveiled a new monument honoring the history of the former South Bay Power Plant, which was demolished in 2013.

Do Your Due Diligence, and Select the Best for Bar Directors

The San Diego County Bar Association has announced its 2016 board of directors candidates. They are Stephanie Chow, Matthew Deen, Srinivas Hanumadass, Robert Knaier, James Koerber, Jan Maiden (South Bay), Anna Romanskaya, Gary Rudolph, and Johanna Schiavoni.

Ink Co. Plans to Make Its Mark With Many Blank Pieces of Paper

GREEN: Fading Ink Gives Paper New Life Without Recycling

Carl Yee’s invention is both blue and green.

Jessie Knight to Retire as Sempra’s Executive VP

ENERGY: Utility Names SDG&E President/COO to Succeed in Role

Sempra Energy has announced that Jessie J. Knight Jr., executive vice president of external affairs for Sempra Energy and chairman of Southern California Gas Co. (SoCalGas) and San Diego Gas & Electric (SDG&E), plans to retire Nov. 1.