San Diego Business Journal

SDBJ WEEKLY EDITION

In Case of Success Break Glass

LEADERSHIP: In a Time of Solid Ceilings, These 2 Women Shattered StereotypesIn a recent study conducted by The Center for Women’s Business Research, with support from Wal-Mart Stores Inc. and the National Women’s Business Council, the economic impact of the estimated 8 million U.S. majority women-owned businesses is $3 trillion.

By Marion Webb July 3, 2014 3:05 p.m.   $$ Share

SDBJ General Counsel Awards Nominees Are an Impressive Bunch

I just completed my judging form of the San Diego Business Journal’s General Counsel of the Year Awards.

Fypio’s New App Introduces Twist to Real Estate ‘Matchmaking’

Michael Koh wants you to forget about the standard way of finding a home online.

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Taiwanese Chip Maker MediaTek Inc. Opens a San Diego Office

MediaTek Inc., the wireless communications chip maker based in Taiwan, celebrated the opening of its San Diego office with a party and a ribbon-cutting ceremony Sept. 24.

The California Conundrum: the iPhone Effect

For the past several weeks I have focused on the efforts of the San Diego Regional Chamber of Commerce to make San Diego the most business friendly community in California.

Patent Rights Are Crucial to Local Economy

Anyone who has seen the TV show “Shark Tank” has likely heard the word “patent” uttered between the contestants and panel of investors.

Grant to Help Women Overcome Domestic Violence, Homelessness

The matter of domestic violence has been brought to light again recently as an issue that needs to be addressed and discussed openly.

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Labor Forces

WORKFORCE: Demand Leads Companies in Key Industries to Fill Positions

San Diego’s labor market is looking up with more companies hiring local talent.

Home Bank Seems to Always Be Making Profitable Moves

When Home Bank of California changed its address last year and moved to Kearny Mesa from Pacific Beach, the idea was to mine the more heavily concentrated business neighborhood.

Burnham Sees Profit for the Community in a Nonprofit UT

MEDIA: Businessman Pursues Unusual Purchase Plan for Local Newspaper

Whether Doug Manchester sells the UT San Diego to a new nonprofit organization is still unclear, but one of the country’s largest daily newspapers, the Tampa Bay Times, has operated under that model for more than three decades.

Local Health Care Office Space Demand Remains Uncertain

PROPERTY: Climate Could Change as Sector Settles in With Reforms

An aging population and expanded insurance coverage are raising demand for health care services, but the exact demand picture for medical offices — in terms of size, format and location — still hasn’t come fully into focus in San Diego County.

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Company Turns Up Heat On Pain With New Medical Device

MEDICINE: Machine Warms Blood Providing Temporary Relief

Roughly one in five adults in the United States lives with arthritis, and patients spend $15.6 billion per year on prescription drugs to treat the pain and inflammation associated with the joint disorder.

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Rehabilitation Center Renovation Is Completed

Renovation of the 14,172 square foot Sharp Memorial Hospital Rehabilitation Center is now complete at the location in Kearny Mesa.

Qualcomm Parts Play Role in New iPhones

Qualcomm Inc. is onboard the iPhone 6 and iPhone 6 Plus, according to several specialty publications.

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Plan Aims to Keep Conventions Coming to Town

TOURISM: Extra Efforts Needed as Expansion of Center Hits Roadblock

Facing recent declines in overall convention attendance and the likelihood that an expansion won’t happen anytime soon, local tourism officials have launched a five-year plan to fill San Diego Convention Center with large group gatherings.

Health Care and Biotech Talents Earn Top Spots

Editor’s note: Tom York is on vacation; his column will return next week. Our new Editor-in- Chief, Nels Jensen, is filling in this week and will soon be writing this column on a regular basis.

Pension Fund Officer’s Position Is in Peril

FINANCE: County Considers Trying Path With Less Risks

San Diego County’s employee pension fund would be better off adopting a safer, more traditional investing model rather than the higher-risk one now in place, said several investment professionals.

Avalon Partnership Adds 2 More Startups

PHARMA: VC Firm, GSK Putting $10M Into Each C

Avalon Ventures LLC announced the launch of two biotech companies formed through its collaboration with British drugmaker, GlaxoSmithKline Plc. The partnership will funnel $495 million into 10 new biotech companies by 2016.

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Wave of Development Hitting The Village

PROPERTY: Diverse Mix Of Projects Set for La Jolla

Property by property, La Jolla’s central Village area is being remade as several older buildings get new owners who are now making plans for upcoming townhomes, stores and restaurants, a performing arts center and a luxury movie theater.

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Calm Seas For Now

MILITARY: Sequestration Pause Allows for Stability

Military spending — a foundation of the San Diego economy — is expected to wane only slightly for the next year with jobs attributed to such spending facing a 2 percent decrease in fiscal year 2015, according to a new study from SDMAC, the San Diego Military Advisory Council.

More Internet Regulations Will Hurt, Not Help

Since it was invented, the Internet has become a necessity in the lives of many. With it, we engage in commerce, games, communication, learning, and we start and grow businesses.

Business Friendliness is Nothing to Smile About

In last week’s column I encouraged readers to support the San Diego Regional Chamber of Commerce in their stated effort to make San Diego more business friendly. Little did I know how much work there is to do.

Architectural Genius Is on Display in Historic Point Loma Home

Renowned San Diego architect Frederick Liebhardt’s final design cantilevers down a hillside overlooking the San Diego Yacht Club, Point Loma, the city of San Diego, and the San Diego-Coronado Bridge — it is the definition of timeless architecture.

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Covering Insurance Costs Part of the Plan for These Companies

Of the 100 companies featured in the Aug. 18 issue of the San Diego Business Journal named among the “Best Places to Work” in San Diego County, only ten pay 100 percent of an employee’s health insurance premiums.

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Working at Staying Healthy

BENEFITS: Wellness Programs Are Part of Employee-Health Strategy

Employer wellness programs have grown rapidly in recent years in part to tackle skyrocketing health care insurance premium costs, with a side goal of improving the wellness and productivity of the workforce. Biometric screenings are a large part of wellness programs.

Inaugural Golf Tournament Swings Into Action on Helping Front

Charity for Hope, a multipurpose nonprofit, hosted its inaugural Industry Charity Golf Tournament recently at Sycuan Golf Resort. At the golf tournament, Charity for Hope presented a $5,000 academic scholarship to Leuva Patidar Samaj of USA, a nonprofit organization dedicated to preserving the Indian culture and educational community advancement. Donations from sponsors and more than 80 attendees will fund future community contributions, including existing nonprofit charitable organizations such as orphanages, hospitals, disaster relief foundations and educational funds for the less advantaged.

Contractor Helps Iron Dome System Make the Interceptions

Kratos Defense & Security Solutions Inc. doesn’t exactly shout it from the rooftops, but electronics built by one of the San Diego company’s subsidiaries play a role in Iron Dome, Israel’s missile defense system which has been much in the news with the conflict in Gaza.

San Diego-Centric Artisan Market Planned for Liberty Station

If a local restaurateur’s plans come to fruition, the next big arrival at the ever-evolving Liberty Station, in San Diego’s Point Loma neighborhood, will be a 21,000-square-foot public market that will put dozens of artisans and food vendors under one roof at the former Naval Training Center.

Bank of Southern California Grows in Assets and Earnings

The Bank of Southern California, based in Carmel Valley and with six branches, grew its total assets and net income in the second quarter, reflecting a general recovery the region is finally seeing.

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Peregrine Semiconductor Sale Draws a Crowd of Lawyers

LAW: Threat of Shareholder Lawsuits Is Business as Usual For Acquisitions These Day

When San Diego-based Peregrine Semiconductor Corp. announced its decision to sell the company for a 63 percent premium above its market value, at least eight law firms announced investigations into the chip maker’s business the same day, alleging its shareholders were getting short-changed on the offer price.

SGB Is Preparing for Commercial Roll Out of Jatropha

AGRICULTURE: Co. Improves Crop Yield, Cuts Maturation Time

SGB Inc., a local agricultural biotech company, has closed an $11 million Series C financing round to help drive the commercial roll out of its hybrid crops — a low-cost and sustainable plant-based option for fuel, energy-producing biomass and protein in animal feed.