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

Sitting on a Gold Mine: Sell Stadium Seat Licenses

A major issue for a new football stadium in San Diego is the funding gap between the stadium cost and the expected contribution from the Chargers and NFL.

OceanLeaf Awards Honor Leaders in East African Communities

Somali Family Service of San Diego County recently celebrated San Diego’s Somali and other East African cultures and community leaders at the third annual OceanLeaf Awards Celebration.

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Small Business Lender Is on Big Growth Trajectory

LENDING: Company Looks to Expand into Midmarket Segment

When banks retreated from making small business loans during the depths of the Great Recession, Dave Gilbert saw a huge opportunity.

More Mergers Ahead

Four Years Into Impact of Reforms, Local Bankers Expect More Consolidation

Get ready for more bank mergers in San Diego County and elsewhere as new regulations and low interest rates put a squeeze on profits.

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Executive Q&A: Faheem Hasnain, Receptos

As Faheem Hasnain walks me through rooms of glass and metal, I can’t help but compare the Receptos headquarters to pictures I’ve seen of the Google complex. Pingpong tables and shuffleboard tournaments are held frequently in the biotech’s break-room, and a king-sized chalkboard stands in the corner with winners and losers scratched in white chalk.

Firm’s Legal Presence in San Diego Proves Short-Lived

LAW: Covington & Burling Shutters Outpost; to House SoCal efforts in Los Angeles

Washington, D.C., law firm Covington & Burling had high hopes for Southern California when it opened a San Diego office by snagging a group of patent litigators from a struggling firm in 2008.

The Good News Keeps Arriving for the Local Hotel Industry

TRAVEL: Millennials’ Tastes, ‘Airbnb’ Options Are Sector’s Challenges

San Diego County’s hotel industry is on track to see another stellar year in 2015, and likely into 2016, said experts at a recent Lodging Industry Forecast forum in Carmel Valley.

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Texas Company Taking the Reins at Catalina Restaurant Group

DINING: Carrows, Coco’s Face Challenge From the Limited-Service Eateries

Catalina Restaurant Group Inc. is about to undergo the latest in what has become a series of corporate turnovers for the Carlsbad company’s flagship brands over the past two decades.

Everyone Is on Offense When Divvying Up the Defense Budget

The rodeo in Washington is getting going, with lawmakers wrangling over the shape of the Defense Department’s 2016 spending plan.

Firm Sees Old Drug in New Light Through Genetic Sequencing

BIOTECH: Kura Can Count on Its Cash and Experienced Leaders

A team of veteran drug hunters at Kura Oncology Inc. has licensed an old drug for new purposes, hoping to use advances in genetic sequencing to match the right drug with the right patient.

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Entrepreneur Tosses His Snack Into the Health-Food Ring

FOOD: Salad Bites Look for Market in Changing Grocery Scene

La Jolla entrepreneur Keith Mullin is an idea man.

Rhombus Energy Raises $2.8M in Series A Funding

Rhombus Energy Solutions Inc., a San Diego-based energy technology company, said that it raised $2.8 million in Series A funding.

S.D. Sport Innovators Graduates From Connect

SPORT: Group Will Soon Move To New Offices

San Diego Sport Innovators (SDSI), a nonprofit business accelerator, announced that it has parted ways with its parent company Connect and become a free-standing organization.

Huntington Announces Closing of Its $91.7M Fund

FINANCE: Firm Seeks Positive Social Impact From Investing

San Diego-based Huntington Capital, a provider of growth capital to lower-middle market companies, announced the final closing of its third fund, Huntington Capital Fund III L.P., with $91.7 million of total capital commitments.

Selling Stadium Seat Licenses Takes Team Effort

San Diego State University sports business professor Jim Lackritz on Page 47 floats an interesting approach to selling private seat licenses (PSLs) to help fund a new football stadium.

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Firms’ Reputations Grow at SXSW Event

STARTUPS: Crop Technology, Tax Filing Get Noticed in Austin

The knot of people who converged at the South by Southwest festivals saw and heard the best of what’s new. Judges thought two San Diego companies, Slantrange Inc. and Common Form Inc., belonged in that category.

Local Apps Aim for ‘Uber of X’ Sweet Spot

TECH: Services and Products Use Popular Business Model

Closet entrepreneurs in San Diego — and everywhere else for that matter — are coming out of hiding to join the startup scene hoping to develop an app that achieves the same success as Uber and Lyft.

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Betting on Blue

RESOURCES: Leaders Push Blue-Tech Plans as Region’s Next Cluster

A proposal to create a regional “blue-tech” incubator with a related “center of excellence” that would support early-stage companies, cutting-edge research and development of water-oriented technologies has won the backing of city and council officials.

San Diego's Wealthiest #3: Gary and Mary West

Gary West was born in Council Bluffs and grew up in Harlan, Iowa, where his parents owned a bowling alley.

San Diego's Wealthiest #2: Irwin Jacobs

rwin Mark Jacobs rose from a job as an electrical engineering professor at the then-new University of California campus in San Diego to play a leading role in creating not one, but two San Diego technology companies: Linkabit and Qualcomm Inc.

San Diego's Wealthiest #1: Gwendolyn Sontheim Meyer

Gwendolyn Sontheim Meyer is an heiress to the agribusiness Cargill Inc.

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Home of the month: Spindrift Sea View Estate

Perched high on the sandstone cliffs in La Jolla Shores is one of San Diego’s most exceptional properties.

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Report: Apartment Industry Has $11.9 Billion Local Impact

The San Diego metro area’s apartment industry had an $11.9 billion economic impact in 2013, including supporting more than 111,000 jobs, according to a recent report by two industry advocacy groups.

Many Keeping an Eye on Potential of Drones

San Diego is home to an extensive community of engineering talent dedicated to designing, developing and building unmanned aerial vehicles (UAVs), or drones, for military and government applications.

San Diego Makes the Grade as Test Market for New eBay App

Location, location, location-based apps are all the rage, if this week’s email is any indication. Two items really stood out, one from a large business, another from a startup. Let me start with the big one.

Tech Savvy Consulting Company Tackles IT Decisions, Acquisitions

TECH: Private Equity Investors Often Use Company’s Expertise

It’s a common situation: investors see potential in some sort of information-technology business, but the investors’ backgrounds are heavy on finance, light on tech.

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Bold Fusion

EDUCATION: UCSD Taps a Top Talent to Form Its Design Lab

Don Norman — electrical engineer, psychologist and design guru for Apple Inc., Hewlett-Packard Co. and other businesses — has been coaxed out of retirement to start the University of California, San Diego design lab.

Game Over for Sony Stores as Company Shifts Its Retail Strategy

Sony North America, the San Diego-based division of the Japanese electronics giant, is pulling the plug on the last of its retail stores that the company once envisioned as the home-electronics version of those wildly popular Apple stores.

Former Exec Takes Leadership Role at New Children’s Museum

The New Children’s Museum announced that former board member Rich Horner is shifting from volunteer to full-time staff member as he joins the leadership team as the director of development.

Firm’s Partner Gets a Title That Honors Her Civic Achievements

Vickie Turner, a partner at Wilson Turner Kosmo LLP, has been named “Woman of the Year for the California 79th Assembly District.” Turner lives in the district, which includes Chula Vista, San Diego, La Mesa, Lemon Grove and National City.