SDBJ SPECIAL REPORTS
BANKS: Consolidation Comes as Smaller Banks Struggle to Compete
More community banks were eliminated from the local and national banking landscape, driven by a sluggish economic recovery causing weak loan demand, and higher costs related to regulatory compliance.
Ernesto M. Arredondo Jr., is area president of Wells Fargo & Co.’s San Diego community bank. A 14-year financial services veteran, Arredondo is responsible for $4 billion in deposits, and oversees a team of more than 6oo employees and 41 banking locations.
DEFENSE: Support in Congress Should Be a Boost for UAV Programs
The U.S. Congress believes the Defense Department should continue to invest in unmanned aircraft, budget documents show.
Northrop Grumman Aerospace Systems is one of four sectors within Northrop Grumman Corp. The sector develops, integrates and produces manned and unmanned aircraft, space systems and advanced technologies, which have a critical role in national security. Northrop Grumman’s other business sectors are electronic systems, information systems and technical services.
Efrain Ibarra Jr. is the program manager and binational affairs liaison of the South County Economic Development Council, an organization that represents about 350 businesses.
TRANSPORT: Improving Cross-Border Routes Is Key Part of Increasing Commerce
A handful of infrastructure projects related to cross-border transportation are expected to improve congestion at the three San Diego-area ports of entry, officials hope.
MEETINGS: Local Business Gathering Sites Give Guests an Experience
For groups that are looking for places to meet that are beyond the confines of conference rooms and banquet halls, San Diego County is a prime destination.
PROPERTY: Submarket Successes Help Boost Other Areas of the County
Steady job growth and rising demand for industrial and office space — amid sparse new construction — continued to fill San Diego County’s existing commercial buildings as the market reached the halfway point of 2013.
ARCHITECTURE: Many Firms Have Rich History In Defining the Region
As the economy continues its rebound from the long recession and the pace of construction quickens, some of the San Diego region’s architecture firms are seeing a surge in activity.
Jay Alexander is managing director and market lead for the San Diego office of Jones Lang LaSalle. Alexander provides leadership and guidance for the local team and is one of the leading landlord representation brokers in San Diego, with approximately 4.7 million square feet of active listings. He has completed 3,000+ transactions in his career, valued at approximately $1.5 billion.
General Ledger Resources is a regional human capital consultancy focused in the finance and accounting vertical. Founded by two San Diego entrepreneurs, Anthony Thornburg and Jeffrey Litteken in May 2003, General Ledger Resources has evolved from a local staffing firm into a growth oriented business with a regional scope. The firm opened its first office in San Diego in 2003 and has been recognized on multiple occasions as one of the fastest growing human capital firms in the U.S. It has enjoyed 10 years as an independent company and operates offices in San Diego and Orange County.
WORKFORCE: Military Experience Can Translate Into Needed Job Skills
In the battle to help workers land jobs that are worthy of their skills and experience, advocates for the nation’s military veterans face a special challenge.