San Diego Business Journal

SDBJ WEEKLY EDITION

Overland and Sphere 3D Merger Is a Match Made in the Cloud

TECH: Virtualization Platform Gets Product Delivery Infrastructure

The merger of San Diego-based Overland Storage into Sphere 3D Corp. of Canada, completed earlier this month, creates a business with about $100 million in revenue, but the upside is much greater, said Eric Kelly, chairman and chief executive of Sphere 3D.

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For Vending Machine Operators, It’s Not the Candy That’s Dandy

RETAIL: Offering Healthful Snacks Part Of a Changing Market

That vending machine you hit up for that late afternoon pick-me-up may be changing its stripes. Out with sugary sodas and candy; in with organic juices and Cliff bars.

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Solatube Tackles Big Spaces With Its Latest Design, the SkyVault

CLEAN-TECH: Lighting Company Cuts Energy Costs, Reduces Carbon Emissions

The Vista-based lighting company that championed natural light fixtures inside homes has taken on larger, more powerful designs that could reduce electric bills for large facilities and cut down on carbon emissions.

Key Economic Drivers to Keep Fueling Real Estate Demand

property: Defense, Biotech, Tourism and Tech Are Region's Engines

Technology, biotech, defense and tourism – and various combinations of all four – are expected to have a continued strong impact on local real estate demand in 2015 and beyond, said experts at a recent symposium on the subject.

App for Digital Photos Allows Users to Say Goodbye to TMI

SOFTWARE: Partnership Possibilities Include the Military, Internet Companies

Deacon Johnson approaches his software business with the righteous indignation of a parent.

Sharp Contracts With Geneva For Cardiac Platform

Geneva Health Care Inc., a San Diego-based medical technology company, announced that Sharp HealthCare will begin using the Geneva Healthcare Suite, a technology platform for managing data from cardiac devices.

Organovo Partners With Yale for Tissue Creation

BIOTECH: Efforts Backed By Grant From a Foundation

San Diego 3-D bioprinting company Organovo Holdings Inc. and Yale School of Medicine, Department of Surgery have formed a collaboration to develop bioprinted tissues for surgical transplantation research, according to a recent news release.

Karras to Lead USD’s Burnham-Moores Center

REAL ESTATE: New Executive Director Replaces Retiring Mark Riedy

University of San Diego’s School of Business Administration has named Stath Karras as the new executive director of the school’s Burnham-Moores Center for Real Estate, effective Jan. 19.

The Economic Forecast Is for Mostly…?

The great Yogi Berra once lamented, “It’s tough to make predictions, especially about the future.”

Low Gas Prices Don’t Pump Up All Profits

ECONOMY: Long-Term Deals Lock in Prices for Some Buyers

The recent spectacular decline in oil prices might make a casual observer assume that businesses and institutions that run fleets are all saving money.

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Developers Cashing In On UTC’s Popularity

PROPERTY: Projects Include Mix of Industries and Services

San Diego’s University Towne Center will see a slew of new commercial projects completed over the next three years — with office, retail and hotel elements on the way — as the neighborhood moves well beyond its longtime role as a “second downtown” for financial services providers.

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Theater Is ‘Scene 1’ of Mall’s Makeover

RETAIL: Carlsbad Site to Be Open-Air ‘Lifestyle Center’

The 12-screen luxury movie theater that recently opened at Westfield Group’s mall in Carlsbad marked the first completed feature of a $300 million overhaul being undertaken by the global shopping center operator.

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‘Sweat Equity’

BIOTECH: Dehydration Detection Is Leading Co. To Other Types of Sensors

Electrozyme LLC, a local startup that has attracted the financial support of Dallas Mavericks owner Mark Cuban, has developed a technology for fitness-related wearable devices that will tell users when they are nearing dehydration — and what to do about it.

Rady Children’s Hospital to Build Office in Murrieta

Rady Children’s Hospital-San Diego has announced plans to build a new medical office building on four acres of land in Murrieta.

Surf Air, Seaport Airlines Have Singular Focus

There are two new entries into the San Diego air transport scene offering regional flights from San Diego or Carlsbad via single engine turboprop powered aircraft to locations in California and soon to Mexico.

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Home of the month: Cardiff Backcountry Grand Estate

This exceptional property high on a bluff in eastern Cardiff-by-the-Sea provides all the sprawling grandeur of a luxury estate with the comfortable beach vibe of Cardiff.

Hale Tribute Raises a Hearty $145,000 for Cerebral Palsy

United Cerebral Palsy announced that the tribute dinner honoring biotech pioneer David Hale of Hale Biopharma Ventures as the “Life Sciences Leader of the Year” raised more than $145,000.

Banking Industry is Back and in the Black and Growing Profits

The nation’s banking industry is apparently well back into the black, and making higher profits.

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Added Value

LEADERSHIP: CFOs Are Increasingly Involved in Strategy, Operations and Business Development

They’ve got their fingers on just about every facet of a company, likely know where all the skeletons are buried and are wearing more hats these days.

Cymer Sheds New Light on How to Build Smaller Microchips

Cymer LLC introduced a new laser light source, an essential component for the machines that turn out microchips, this month.

Brandi Gill Brings Holiday Cheer to Veterans and Their Families

Veterans Village of San Diego is nationally recognized as an organization that successfully serves homeless veterans.

Steven Dowdy’s Breakthrough Could Revolutionize Medicine

It’s fair to say that Steven Dowdy, the co-founder of Solstice Biologics Inc. and an academic scientist at the University of California, San Diego, has experienced more career-related drama than normal, even for a biotech businessman.

Pala Tribe Launches Online Gambling Site – in New Jersey

GAMING: State Sues Santa Ysabel Tribe Over Bingo Website

Two local American Indian bands raised their profiles recently, as one put its name out to New Jersey gambling enthusiasts, and the other drew legal fire from California’s attorney general.

Apartment Buildings Fetching Notable Deals

Downtown San Diego has recently seen its share of apartment property deals and new projects with dollar values in the tens and hundreds of millions.

U.S. Navy Teams With ASU to Create Tech Accelerator

The U.S. Navy has teamed up with Arizona State University to create a new technology transfer organization in San Diego.

Opera Pleased With Ticket Sales; Nears Fundraising Goal

AUDIT: Remaining $2.2M of 2003 Kroc Gift Now in Cash Account

As it embarks on its 50th season next month, the revived San Diego Opera said ticket sales are doing better than expected and it’s closing in on meeting a fundraising goal.

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Shelter Island Gets its First Full-Service Luxury Spa at Kona Kai

TOURISM: Renovation Seeks to Attract Share Of Overnight Visitors

Capping a $22 million acquisition and renovation of Kona Kai Resort & Marina, owner Noble House Hotels & Resorts Ltd. recently opened what it says is a first for Shelter Island – a full-service luxury spa.

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Carlsbad Firm Gets $75 Million Boost From Malaysian Partner

BIOTECH: Verdezyne Makes Alternative To Petroleum-Based Products

Verdezyne Inc. has secured $75 million in debt financing to further its work in renewable chemicals – a development that may cut down on pollution and provide eco-friendly options for products traditionally made from petroleum-based chemicals, such as athletic apparel and carpets.

Imprimis Acquires Park Compounding For $4.1M

Imprimis Pharmaceuticals Inc., a San Diego-based company focused on drug combinations, has entered into an agreement to acquire South Coast Specialty Compounding Inc., doing business as Park Compounding, for $4.137 million in cash, stock and deferred payments, according to a recent regulatory filing.

Palomar Health Foundation Names New President

Palomar Health Foundation has appointed Jean Larsen, who helped raise more than $150 million at Rady Children’s Hospital Foundation, as president and chief philanthropic officer.