San Diego Business Journal

SDBJ WEEKLY EDITION

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The Big Leadership Decision

Implementing a CEO Transition Involves Many Complicated Factors for A Company

CEOs have tough jobs. There are many ways to go wrong and many ways to make stakeholders unhappy.

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Convention Center’s New CEO Ready to Talk

TOURISM: Town-Hall Meetings to Address Expansion

Prospects for an expansion of the San Diego Convention Center — contiguous, noncontiguous or none of the above — are likely to remain among much-debated city priorities in an election year filled with heated talk over possible hotel tax hikes and a proposed downtown football stadium.

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Sharing Economy Puts On White Lab Coat

BIOTECH: Key Resource Offered in Co.’s Lab Rentals

Two entrepreneurs in San Diego are applying “sharing economy” principles to a new frontier: science.

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A Cool Innovation

ScaleMatrix Offers To Put Its Highly Efficient Data Center Technology On-Site

Executives at ScaleMatrix think there might be more than one path to growing their company.

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Expanding The Business Universe

The Computer Revolution Keeps Reinventing Itself As the Possibilities of Progress Continue to Increase

With each passing year, computers get more capable. The rapid development of the technology continues to shape business — all business, even those far from the heart of the technology sector.

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Global Pharma Firms Both Take And Give

BIOTECH: Cos. Swallow Up Startups But Grow Presence

The growing presence of Big Pharma and global life science firms in San Diego has been at the heart of an age-old debate: do they help or hurt the region’s economy?

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Good Views

Local Real Estate Experts See Strong Demand and Low Vacancy Rates Pushing Up Commercial Rents

As nearly 40,000 new positions were created regionwide during the past year, job growth continued to fill San Diego County’s office, industrial and retail buildings during the first quarter of 2016.

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Paying The Price

Low Vacancy Rates and High Demand Are Pushing Apartment Rents Higher, And the Trend May Continue

Arecent report on rising rents, by the Lusk Center for Real Estate at the University of Southern California, painted a clear good news/bad news picture of San Diego County’s apartment property market so far in 2016.

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Birth of a Blockbuster?

PHARMA: Acadia Prepares To Launch Drug to Treat Parkinson’s Psychosis

Acadia Pharmaceuticals Inc. has earned the greenlight from regulators to sell a valuable antipsychotic drug. The medication, potentially worth billions, quells the hallucinations and delusions experienced by Parkinson’s disease patients. And it’s the first of its kind.

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Paving The Way

Border Region Puts Transportation Infrastructure In Place to Support Free-Flowing Trade, Business and Commutes

Government leaders from both sides of the border recently marked what they said were major milestones impacting the long term-economic viability of the region where Otay Mesa meets Mexico’s Baja California.

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After Weight-Loss, Arena Has Options

PHARMA: New Painkiller And Other Drugs Being Tested

It’s been a rocky year for Arena Pharmaceuticals Inc., but things are looking up with its latest experimental drug: a painkiller that mimics cannabis without the head high.

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Daily Dose

Adult Day Health Centers Among New Models for Aging Care

Every day in the U.S., 10,000 baby boomers reach age 65, about twice the rate of the prevous generation. By 2030, 18 percent of Americans will be at least 65, according to Pew Research Center projections.

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Aging Well

Senior Housing Developments Include Wine Bars and Salons

A 309-unit senior community set to break ground later this year in Carlsbad is among the latest examples of developers adding resortlike amenities to attract the baby boomer generation into its next phase of housing.

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How Startups Stand Out Despite Overcrowding

FINANCE: Competition On Funding Platforms Intensifies Challenges

San Diego startups are finding that crowdfunding websites such as Kickstarter and Indiegogo are getting rather, well, crowded.

Qualcomm Shows It’s Still in the Fight

TECH: Q2 Tops Forecast; Restructuring Is on Track

One year ago, everyone was down on Qualcomm Inc.

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Gulls’ Return A Hit On Ice, at Box Office

SPORT: Teams Ranks 2nd In League Attendance

Even as Chargers fans gear up for an election battle to keep the football team in San Diego and the Padres struggle to come back from record-setting early-season futility, there is a bright spot in professional San Diego sports:

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Sempra Mexican Unit Meets With Resistance

ENERGY: Regulators Reject 3 Pipeline Proposals

Sempra Energy’s Mexican arm has lost three bids in as many weeks to build and operate natural gas pipelines in Mexico, as the country’s state-owned electricity utility said Sempra’s proposals did not meet its standards.

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Out of the Shadows

BIOTECH: Co. Emerges With Anti-Aging Results; Some in Industry Are Skeptical

Osman Kibar is nonchalant, as billionaires go, but he’s nothing if not confident. Dressed in a fading polo shirt and old jeans, he leans back in his chair, intertwines his fingers and fights a knowing smile. He knows why I’m here.

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Money Doesn’t Grow on Trees, but What About Near Them?

GREEN: City Aims for More Trees, Seeing Benefit To Business, Homeowners

Trees are good for business. That’s what one downtown neighborhood has found and what many more might find with the city’s latest effort to increase the number of trees in San Diego.

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Dirty Work Begins on CAP

SUSTAINABLE: Cost Of Renewable Energy Goal Is a Big Unknown

Four months ago, the San Diego City Council unanimously approved Mayor Kevin Faulconer’s ambitious climate plan, putting the city on a legally binding path to cut greenhouse gas emissions in half by 2035. Most of those savings will come from the city’s pledge to eventually use 100 percent renewable energy.

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Culture Is Paired With Wine on Baja Tour

TOURISM: Wine Pub Gets Boost in Business, Reputation

Traveling along a one-lane dirt road in Baja California, Mexico, Sandy Hanshaw thought there couldn’t be anything out there. Instead, she found a business opportunity in the vineyards of Valle de Guadalupe.

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ETF Designer Has Eye for Opportunity

FINANCE: New Indexes Track Various Market Segments

Jane Edmondson has noticed an uptick in unsolicited advice since she started a new business designing new varieties of exchange-traded funds (ETFs). The products, similar to mutual funds, track an underlying index that can mirror anything from the overall market leaders to a more trendy market niche.

Wealth Managers Need to Take Own Advice on Succession

FINANCE: Planning Is A Must for Their Own And Their Clients’ Sakes

For years, wealth managers Bob and Peg Eddy had a letter ready for their clients with important advice.

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The End Game

Without a Well-Planned, Well-Executed Exit Strategy, Business Owners Can Find the Window Closed for Successful Selling or Succession

There are plenty of options for small business owners looking to exit the companies they’ve started, including private equity sales, management buyouts, passing them down to family and even employee stock ownership plans.

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Spaces Merging And Mingling

WORKPLACE: Cos. Proving as Agile as Clients

Co-Merge, a popular coworking space formerly based in downtown San Diego, has merged locations with a former competitor just up the hill.

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Gun Parts Co. Aims For Less Controversy

RETAIL: Updated Equipment, Lower Profile Are New Strategy

New ownership has taken over an Oceanside-based gun component and accessories manufacturer — the target of a 2014 raid by federal agents over allegedly improper sales — aiming to attract less negative attention and concentrate on management fundamentals.

Therapeutic at Center of Diagnostic Co. Dispute

BIOTECH: Trovagene Firings Raise Questions Over Roles

Is Trovagene Inc. a diagnostic or a therapeutic company?

State Action on Wages Could Affect S.D. Vote

WORKFORCE: Measure Would Still Change Sick Days

Gov. Jerry Brown’s support last month of a plan to bring California’s minimum wage to $15 an hour is complicating the campaign over a June ballot measure that would boost San Diego’s minimum wage to $11.50.

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Getting The Jobs Done

TECH: S.D.’s Software Cluster Has a $12.2B Economic Impact

The Oceanside office of HireAHelper LLC is not quite polished yet. The business is an online marketplace that connects two parties — people in the process of moving a house or office, and laborers who can maneuver their belongings into a rental truck.

Roberts Appointed to Leadership Role at Latham & Watkins

Brook B. Roberts has been appointed the managing partner of Latham & Watkins LLP’s San Diego office. He succeeds Brett P. Rosenblatt, who has completed a five-year term in the position.