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

Cleaning Services Company Began With a ‘Leap of Faith’

SERVICE: Financial Professional Used Old and New Skills for Enterprise

When the recession struck in 2008, financial professional Kirk Bolduc didn’t allow economic uncertainty to prevent him from starting a new janitorial company.

USD Launches Online Master’s Degree In Law Enforcement And Public Safety Leadership

The University of San Diego has launched an online program for people interested in earning a master’s degree in law enforcement and public safety leadership.

Maxwell Technologies Plans to Sell $10 Million of Stock in Follow-On Offering

Maxwell Technologies Inc., a maker of heavy-duty capacitors for the transportation industry, said on April 23 that it planned to sell $10 million of stock in a follow-on offering.

DOJ Clears The Pasha Group’s Acquisition of Horizon’s Hawaii Business

The U.S. Department of Justice has cleared The Pasha Group’s acquisition of the Hawaii trade-lane business of Horizon Lines Inc., Pasha Group said.

PriceSmart Acquires Land for Second Warehouse Club in Nicaragua

San Diego-based PriceSmart Inc. announced that it acquired approximately 288,580 square feet of land in Managua, Nicaragua, upon which the company plans to construct a new warehouse club.

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Hilton Carlsbad Oceanfront Resort Rebranded as Cape Rey

Hilton Carlsbad Oceanfront Resort & Spa is being rebranded and will officially operate as Cape Rey as of April 30.

Attorney’s Career Accomplishments, Community Role Applauded

Richard A. Shaw, a partner at Higgs Fletcher & Mack, has been awarded the San Diego County Bar Association’s 2015 “Outstanding Attorney of the Year” Service Award. A nationally recognized lawyer in taxation, corporate and estate planning, Shaw was selected as an exemplary attorney for his contributions to the legal profession and service to the San Diego community.

Guild Mortgage Names David Battany EVP of Capital Markets

Guild Mortgage Co., a San Diego private mortgage bank, has named David Battany as its new executive vice president of capital markets.

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Tim Van Linge Named CFO at WestAir Gasses and Equipment

San Diego-based WestAir Gasses and Equipment Inc., an independent distributor of gases and equipment in the Southwest, announced the appointment of Tim Van Linge as chief financial officer.

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McDonald’s to Test All-Day Breakfast in San Diego County

McDonald’s Corp. on April 20 will begin a test of all-day breakfast item sales at 94 of its 110 San Diego County restaurants.

SDSU Business School Team Takes First Prize in Competition

A three-man team representing the College of Business Administration at San Diego State University took first prize in the Richard Barrentine Values and Ventures Business Plan Competition held earlier this month at Texas Christian University.

Halyard Capital Acquires Harte Hanks Market Intelligence

Halyard Capital, a New York-based private equity fund, announced the acquisition of San Diego-based Harte Hanks Market Intelligence and The Aberdeen Group from Harte-Hanks, Inc.

Sullivan International Files For Chapter 11

CONSULTING: Firm Hit By Sequestration, Government Shutdown

San Diego-based Sullivan International Group, Inc. announced that it has filed for Chapter 11 bankruptcy protection.

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Teresa Jacques Joins DavenportMajor as New Partner, Technology

DavenportMajor Executive Search, a global retained executive search firm focusing on the placement of director, vice president and C-level executives as well as the recruitment of board directors, announced the appointment of Teresa Jacques to the post of Partner, Technology.

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Rady $100M Gift For Best, Brightest

EDUCATION: UCSD School To Pursue Top Faculty, Students

Local philanthropists Ernest and Evelyn Rady have committed $100 million to the Rady School of Management at the University of California, San Diego, a long-term gift deemed crucial for competing with older and well-established business schools for top students and faculty.