San Diego Business Journal

SDBJ WEEKLY EDITION

Local Flavor

TRAVEL: Some San Diego Favorites Land in Airport’s New Concession LineupThe prospect of holiday traffic is now a much bigger deal for people like gourmet chocolate seller Jerry Swain. “In retail, chocolate sales tend to be very seasonal,” said Swain, founder and CEO of Jer’s Chocolates in Solana Beach. “But with a location like the San Diego airport, we should be getting a good stream of foot traffic throughout this summer and most of the year.”

By Lou Hirsh July 22, 2013 8:44 a.m.   $$ Share

Food Tourism Brings Home the Bacon for Calif.

The restaurant industry has become a significant driver of tourism in San Diego and throughout California.

Local Rehabilitation Effort Aims to Find Beauty Beneath the Blight

Three major community organizations came together recently to announce a much needed rehabilitation effort in City Heights.

The JOBS Act Boosts Biotech Community’s Access to Investment

This month marks the second anniversary of President Barack Obama’s Jumpstart Our Business Startups, or JOBS, Act.

BofI Expects Good Returns From Purchase of H&R Block Bank

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.

Mixed-Use Decisions Need to Consider Future Market Demand

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.

IHive Aims to Take the Stings Out of the Internet of Things

Beehives are synonymous with activity, and the people running downtown San Diego’s CyberHive seem to be making big moves with several new projects.

Tease photo

A ‘Rich History’ Is an Understatement for Bankers Hill Beauties

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.

Co. Aims to Break the Mold On Smartphone Customization

TECH: Foneclay Gives User Creative App Making Power

Isaac Eteminan wants Foneclay to be the next big thing in smartphones.

Subsidiary of BioMed to Issue $400M in Notes

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.

Scripps Advance to Fill Need for Speed in Pharma

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.

Tease photo

Petco’s New HQs’ Best Feature: It’s in the County

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.

No. 2 National Ranking Shows S.D.’s Solar Flair

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.

Tease photo

Shawne Merriman Sues Nike, Alleging Trademark Infringement

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.

Medical Devices Now a Major Piece of Manufacturing Puzzle

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.

Life Sciences See Stock Spotlight Dim as Challenges Take Focus

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.

Retail Opportunities, Local and Abroad, Spur Revenue Growth

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.

Olympics Fever Is No Sweat for San Diego

SPORT: Exploratory Group Calmly Makes Case for U.S. Bid

There’s the Final Four, and then there’s the final three.

Covered California Reports 1.4M Enrolled

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.

Opera Changes Tune on State of Its Finances

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.

Winners & Losers

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.

Nonprofit Partners With Industry to Employ Adults With Disabilities

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.

Tease photo

Executive Profile: Tony Chen

Tony Chen co-founded Osiris Shoes in 1996, along with Tony Magnusson, Brian Reid and Doug Weston.

Tease photo

Local Sports Business Accelerator Is the Only one in the Nation

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.

Tease photo

Survival of the Fit Tests

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’s 10 New Lawyers Have Something in Common

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.

Navy Discovery Could Bring Sea Change to Fueling of Its Fleet

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.

SBLF Helping Banks Lend More to Small Business, Report Shows

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.

Senomyx’s Stock Gets a Boost from New Deal With PepsiCo

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.”

Tease photo

Hotel Makes Improvements to Cater to Tech Toting Visitors

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.

Incubator Gains Momentum, ‘Rock Stars’ Through Its Successes

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.