SDBJ WEEKLY EDITION
The restaurant industry has become a significant driver of tourism in San Diego and throughout California.
Three major community organizations came together recently to announce a much needed rehabilitation effort in City Heights.
This month marks the second anniversary of President Barack Obama’s Jumpstart Our Business Startups, or JOBS, Act.
BofI Federal Bank is one of the fastest-growing banks in the nation, increasing nearly $700 million in assets — or 24 percent — last year to bring its total assets to more than $3.5 billion.
Master planners of large, mixed-use communities face a challenge similar to assembling a jigsaw puzzle. They must not only make their projects pencil-out financially in today’s market, but also gauge whether the urban-style elements that consumers want now will still play with prospective homebuyers 10 or 20 years later.
Beehives are synonymous with activity, and the people running downtown San Diego’s CyberHive seem to be making big moves with several new projects.
It must have been exciting to be in San Diego at the turn of the 20th century when there was little more than possibility and the power of ambition. Many of those who succeeded built homes on what is now known as Bankers Hill — a residential area on the hills above downtown, with sweeping views of the bay, the airport, Coronado and Mount Soledad.
TECH: Foneclay Gives User Creative App Making Power
Isaac Eteminan wants Foneclay to be the next big thing in smartphones.
BioMed Realty LP, an operating partnership subsidiary of San Diego-based BioMed Realty Trust Inc., plans to do a $400 million offering of senior unsecured notes.
BIOTECH: Goal Is to Quickly Get Research To Development Phase
The Scripps Research Institute has formed a new drug discovery company called Scripps Advance to fast-track the translation of early-stage biomedical research into clinical development and, ultimately, commercialization.
RETAIL: Newly Acquired Building to Consolidate Co.’s Local Operations
Petco Animal Supplies Inc. plans to establish a new San Diego headquarters and support center after buying a Rancho Bernardo industrial building for about $33 million.
San Diego Mayor Kevin Faulconer and some local solar energy industry leaders held a news conference to unveil a report that ranks San Diego No. 2 in the nation behind Los Angeles for the amount of solar panels installed and No. 4 for installations on a per-capita basis.
Sports: Ex-Charger Seeks To Protect Lights Out Brand
Former San Diego Charger linebacker Shawne Merriman filed a lawsuit against Nike Inc., alleging the sports gear and apparel giant infringed on his trademarked Lights Out brand.
Manufacturing: Local Production Helps in Maintaining Quality Control
Once a major producer of planes, aircraft parts and canned tuna, San Diego’s manufacturing base is far different today with a decided high-tech slant.
Biotech: Ups and Downs A Common Reality Among Industry’s Local Public Cos.
Public companies in San Diego’s biotech industry have been on quite the roller coaster, a trend reflected in how that sector is represented in the San Diego Business Journal’s new list of the 50 largest local public companies, ranked by revenue in fiscal 2013.
Real Estate/retail: REITs Move Up List of Largest Local Public Cos.
San Diego’s PriceSmart Inc. is among several of the region’s large public companies paying close attention to the performance of consumer retail markets.
SPORT: Exploratory Group Calmly Makes Case for U.S. Bid
There’s the Final Four, and then there’s the final three.
HEALTH: Signups Surge at End; 88% Eligible for Subsidies
The final surge of Covered California signups ended April 15 with more than 1.4 million enrolled, vastly exceeding initial estimates, despite some confusion in the signup process. However, the number of small businesses enrolled in the exchange’s Small Business Health Options Program, or SHOP, was much lower — about 1,150 signed up, representing about 4,900 employees and their dependents.
ARTS: Some Point to Previous Assurances About Fiscal State
Part of the shock that accompanied the announcement last month that the San Diego Opera will cease to exist after the just completed season stems from the public reports the company put out in recent years that painted a rosier picture of its financial condition than it’s describing today.
Tech: Qualcomm Continues to Grow Profitably, While Many Cos. In Sector Lag on the Bottom Line
Fiscal 2013 was not a year to expect a profit from one of the region’s publicly traded technology businesses — unless you held shares in Qualcomm Inc.
During a recent visit to Partnerships With Industry, known as PWI, in Santee, I was among a group of companies, community leaders, state agency officials and interested parents to learn more about this remarkable organization.
Tony Chen co-founded Osiris Shoes in 1996, along with Tony Magnusson, Brian Reid and Doug Weston.
SPORTS: Nonprofit Connects Industry Mentors With Qualified Entrepreneurs
When it comes to connecting companies involved in sports and active lifestyle, the San Diego Sports Innovators is the place everybody turns to.
FITNESS: Sports Cos. Find San Diego Can Be Perfect Proving Grounds
San Diego isn’t just considered the best place to launch a startup nationwide. The growing number of fitness enthusiasts in San Diego has enticed local sports companies to tap into this niche market with nifty gadgets and new programs and products to enhance athletes’ experiences.
Sheppard, Mullin, Richter & Hampton LLP pulled off one of San Diego legal community’s largest coups to date, enticing 10 top lawyers from McKenna Long Aldridge LLP to its ranks.
The U.S. Navy claims that it has produced a hydrocarbon fuel made from seawater. Scientists at the U.S. Naval Research Laboratory said they demonstrated the concept in mid-2013, using the fuel to fly a scale model airplane with a stock, two-stroke engine.
The Treasury Department released another report on its Small Business Lending Fund program showing that participating banks extended about 56,900 additional small business loans, representing about $12.5 billion in dollars above what the banks lent before accepting the federal funds.
Stock for San Diego flavor maker Senomyx Inc. rose after signing a new deal with PepsiCo Inc. to develop chemicals that will “restore the desired salty taste in products with reduced salt.”
TRAVEL: Manchester Grand Provides Secure Charging, Faster Data
Visitors to the Manchester Grand Hyatt San Diego who rely on mobile devices to make life and work easier and more efficient will find the hotel more oriented toward them following the latest phase of the hotel’s multimillion-dollar upgrade.
Biotech: Janssen Labs Is Selective, Not Controlling Of Its Life Science Startups
A Torrey Pines-based life sciences incubator that began two years ago as an “experiment” by pharmaceutical and consumer product giant Johnson & Johnson has today shown more momentum than anyone back then would have imagined.