SDBJ SPECIAL REPORTS
Operators of The Headquarters at Seaport commercial center in downtown San Diego recently signed a lease with Block 16 Hospitality to operate the region’s first Flour & Barley Brick Oven Pizza restaurant, set to open this fall.
The San Diego Business Journal recently spoke with top local regional executives of the larger commercial real estate brokerage companies. Here are some of their takes on what happened in the year’s first half and what’s likely ahead for the rest of 2015:
With Few Spec Projects Underway, Market Conditions Continue to Drive Up Tenant Costs
Halfway through 2015, San Diego County’s commercial real estate market is reaping the benefits of continued new-job creation and an unemployment rate that had dipped to 4.9 percent as of late spring, down from around 6 percent at the same point of 2014.
Cisco System Inc. said on July 7 that it plans to buy a privately held Carlsbad business, MaintenanceNet, for $139 million in cash and retention-based incentives.
ECONOMY: Rapid Growth Can Bring New Concerns, Distractions
Doubling or even tripling revenues in just two years is a dream for many entrepreneurs, a sign they correctly spotted an unmet need and that their business could soon be an unqualified success.
Two Women Entrepreneurs Saw Opportunity in A Financial Market That Wasn’t Being Well Served
When Valorie Seyfert and Amy Beattie launched CUSO Financial Services (CFS) in 1996, they were betting they could capitalize on credit unions’ frustrations with the independent broker-dealers the institutions had hired to offer securities products, such as annuities and mutual funds, to the unions’ members.
FINANCE: Boot Camp Wants Female Investors for World Changing Mission
An all-female boot camp for angel investors is coming to San Diego this fall, designed to boost the participation of women in a field dominated by men.
Property: Being Competitive is a Must in Building Maintenance
The phenomenon of two women owning and running a building maintenance business may have gotten attention in San Diego’s business circles in the days when Ronald Reagan was president.
Agriculture Remains Firmly Planted as North County Economic Force
Biotechs and craft breweries are the current darlings of the San Diego County economy, but there’s a stalwart player that has been packing an economic punch far longer than either of these relative newcomers.
New Structures Are Bright, Functional and Efficient
When the San Diego region’s architects and designers set out to create structures that are visually distinctive, creativity must be tempered by practicality.
FINANCE: Co. Puts 45% in Alternatives as Hedge for Bad Times
For decades, the basic makeup of an investment strategy has been 60 percent stocks and 40 percent bonds. Investors looking to further diversify might put up to 10 percent into so-called alternative investments that didn’t correlate to stock returns, including commodities, private equity or even artwork.
WAREHOUSE: It Also Benefits From Advances in Freezing
For fresh fruit smoothies in the dead of winter or enough hamburger patties to meet the demand for summer barbeques, food companies are increasingly turning to Otay Mesa-based Innovative Cold Storage Enterprises Inc. to store millions of pounds of frozen food year-round.