San Diego Business Journal

SDBJ WEEKLY EDITION

ResMed Inc. and APEX Medical Corp. Settle Patent Disputes

ResMed Inc. and APEX Medical Corp. have agreed to a confidential settlement resolving their outstanding patent disputes.

Venture Group’s New President Knows the Scene and San Diego

FINANCE: Mike Krenn Sees Opportunities, Expects More Investment Activity

The San Diego Venture Group named Mike Krenn, a longtime business-development professional, as its new full-time president.

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Company Sees Its Future in World of Quantum Computers

TECH: Qubitekk Uses Lasers, Photons To Aid in Encryption

The mind-bending world of quantum computers and quantum encryption has a potential supplier in North County.

Abacus Data Opens Its Third Office

San Diego-based Abacus Data Systems Inc., which offers information technology services to the legal community, said on Sept. 4 that it opened a third office with 5,300 square feet and 50 work stations.

SDG&E Seeks More Local Energy Sources

San Diego Gas & Electric announced it is seeking between 500 and 800 megawatts of new local resources to help replace the power previously provided by the San Onofre Nuclear Generating Station as well as the retirement of older, coastal power plants, the company said.

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County Hotel Deal Pricing Puts It in Top Spot

TOURISM: Good Room Metrics Boost Prices of Properties

San Diego topped all other California counties for the value of hotel property sales deals completed in the first half of 2014, according to the latest data from Atlas Hospitality Group, and the local region will likely see increasing scrutiny from investors amid continuing improvement in the hospitality economy.

Rankings Paint a Picture Of San Diego

San Diego is in the spotlight, making a lot of interesting lists these days … Consumer rating website betterdoctor.com ranks our region No. 25 based on the ratio of primary care doctors to the population. Greenville, S.C., tops that list with a doc for every 377 residents.

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Region’s Exports Hit Record Level in 2013

TRADE: Goods Go Mostly To Mexico’s Maquiladoras

Exports emanating from San Diego grew 4 percent last year to a record $17.9 billion, says a recent report from the U.S. Department of Commerce’s International Trade Administration.

Downtown Project Pipeline Wide Open

PROPERTY: Residential Plans Are Coming to Life

Developers have submitted plans for a 19-story mixed-use project that would bring 320 apartment units to East Village, the latest of several developments planned or under construction in the recently bustling neighborhood of downtown San Diego.

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City Council Considers Increasing Taxi Permits

TRANSPORT: Cab Owner Says Market Can’t Handle More

The unhappiness in taxicab owner Tony Hueso’s voice is apparent as he sums up the plan to expand the number of cabs on the streets of San Diego.

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Rising Tourist Tide

TOURISM: Midway and Maritime Museum Draw Crowds to Their Ships

At a spot on the downtown waterfront, within sight of the exact place where Juan Rodriguez Cabrillo first sailed into what is now called San Diego Bay in 1542, workers are busily assembling a full-scale replica of the explorer’s Spanish galleon, known as the San Salvador.

Winning Strategies Are Attracting Millennials

San Diego’s been noticed recently for the growth of our startup community, prompting Forbes to name San Diego the No. 1 city to be a startup. The intellectual capital coming from our three top universities and our 16 business incubators have helped nurture this growth. Overall, business innovation is thriving in San Diego.

BOMA Equips Foster Kids for Their Educational Journey

The Building Owners and Management Association, or BOMA, recently collected a total of 206 backpacks, nearly 1,400 school supplies and raised more than $500 to donate to Promises2Kids to help make the back-to-school season brighter for the foster youth of San Diego. Kudos to BOMA for a successful backpack drive.

Credit Union Membership Shows Biggest Jump in 25 Years

FINANCE: Low Rates On Loans, Higher Rates On Savings Draw Crowd

Credit unions continue to gain converts and recently surpassed the 100 million mark in membership, according to the Credit Union National Association, the trade group representing nearly 7,000 credit unions.

Cost of Compliance: Small Community Banks Say Dodd-Frank Reforms Are Unfairly Applied

Now in its fifth year, the Dodd-Frank banking reform law has had a profound effect on every bank, but smaller community banks say they’re feeling the impact from the added regulations far more than larger banks.

San Pasqual Has a Perfect Fit for Our Mediterranean Climate

When my three kids were little we had annual passes to what was then called the Wild Animal Park, now known as the San Diego Zoo Safari Park. It was a godsend, and some of our fondest memories were around our time there, especially at Christmas.

It Is a Lively Commercial Scene in and Around Downtown

If it seems like there’s been lots of churn lately in downtown San Diego’s commercial scene, there’s even more on the way in the Gaslamp Quarter and Little Italy.

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Sensors Are a ‘Hidden Talent’ Worth Noticing

How is an unmanned aircraft like a Sports Illustrated swimsuit model? Both are good at getting attention.

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Company’s Expanding Roles Bring a Change in Its Name

MEDICINE: Millennium Health Brings Three Sets Of Tools to the Table

San Diego-based Millennium Laboratories Inc. announced recently that it has changed its name to Millennium Health LLC.

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Company Develops Prototype for Treatment of Rare Skin Diseases

Biotech: The Device Is a Less Expensive Solution For Incurable Skin Disorders

Martyn Gross has suffered from psoriasis for most of his life, particularly on the difficult-to-treat regions of the hand and feet. After years of trying costly and ineffective treatments from uncomfortable phototherapy sessions in cold medical facilities to topical creams that wash off too easily, Gross decided to develop a handheld light therapy device to treat himself at home.

Omnitracs To Buy XRS For $178 Million

Omnitracs LLC, a spinoff business of Qualcomm Inc. that was acquired by Vista Equity Partners last year and is relocating to Dallas, said it agreed to acquire XRS Corp., a Minneapolis-based firm that makes software for mobile fleet management, for $5.60 per share or $178 million.

Small Trucking Cos. Face A Rough Road in State

LOGISTICS: They’re Dealing With Fuel Costs And More Regulations

Gabriel Zavalza Jr. sees prospects dimming for small, independent trucking companies in California during the next 12 years.

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Downtown’s Residential Options Keep On Growing

REAL ESTATE: Area Delivers Urban Appeal To Young Millennials

Downtown San Diego currently has about 2,000 apartments and condominiums in various stages of planning and construction, and two newly proposed mixed-use projects are slated to add another 386 to that total.

Bill Aims to Keep Fishiness Out Of Fish Business

Senate Bill 1138, targeting the deliberate mislabeling of seafood, is one recent piece of lawmaking that could impact the local fishing industry, not to mention anyone involved in the food delivery chain.

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Targeted Medicine Changes Clinical Trials

HEALTH: Sequencing and Analytics Part of Process

Recent trends in biotech research point to faster, more efficient and less costly drug development for pharmaceutical companies.

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Planned Hotels Would Be Boost for Oceanside

TOURISM: City Will Get Much Needed Meeting Space

A $150 million resort development being planned in downtown Oceanside includes what would be that city’s first full-service hotel, as it seeks its share of a growing influx of North County coastal visitors and related economic benefits.

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Bond Market Snaps Up Sandag’s Latest Offering

FINANCE: Sale Brings In $54M Above the Face Value

A yield-hungry market recently gobbled up $350 million in bonds issued by the San Diego Association of Governments that pays an average of 3.85 percent over the 34 years the debt will be in place.

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Drone City

TECH: Elements in Place To Keep S.D. at Forefront Of Robotics Revolution

San Diego is becoming a force to be reckoned with in the field of robotics and remotely operated vehicles.

Time to Escalate Efforts to Catch Cyber Criminals

Cybercrimes seem to grab headlines almost every day. In August alone, we witnessed stories about 1.2 billion usernames and passwords being grabbed by a Russian gang, 4.5 million personal identity records stolen from a major American hospital system by some folks in China, plus data breaches at UPS and Supervalu.

BOMA Equips Foster Kids for Their Educational Journey

The Building Owners and Management Association, or BOMA, recently collected a total of 206 backpacks, nearly 1,400 school supplies and raised more than $500 to donate to Promises2Kids to help make the back-to-school season brighter for the foster youth of San Diego.