SDBJ WEEKLY EDITION
ENERGY: CCA Energy Buying Option at Center of Utility’s Move
San Diego Gas & Electric Co. has become the first investor-owned utility in California to create a shareholder-funded marketing division to speak up about the growing number of local organizations being proposed to sell electricity to residential users.
ECONOMY: Millennials, Changing Labor Market Make Work Perks a Must
It’s sad, but true: many workers feel disposable, and employers do little to discourage the feeling, according to market research.
Co. Combines Hardware and Software to Evaluate How Your Form Is Functioning In Baseball and Other Sports
Justin Goltz gets into position to hit a baseball perched on a stand in front of him. A knot of bystanders feels the powerful whap of wood hitting leather as the ball sinks deep into a net.
San Diego medtech giant Illumina Inc., the world’s largest developer of DNA sequencing machines, reportedly has received a $30 billion takeover offer from global firm Thermo Fisher Scientific.
The San Diego Tourism Marketing District will not formally campaign against the San Diego Chargers’ November ballot measure aimed at financing a downtown stadium and convention facility, despite issuing a consulting report that negatively critiqued the project.
TRAVEL: Stone’s Project May Rev Up the Business Climate
“We’re already getting emails from people saying they want to hold the first wedding at Stone Hotel,” said Steve Robbins, director of hospitality at Stone Brewing Co., describing public reaction to the recent announcement that the brewer is moving forward with plans for a full-service, 99-room hotel adjacent to its flagship Escondido brewing facilities.
PHARMA: Orexigen Readies for Contrave’s Make-or-Break Sales Push
Orexigen Therapeutics Inc. should stand among the elite in San Diego’s life science community as one of the few local companies that has an approved drug on the market — and real revenue filling its coffers.
Hot Spots Heat Up Commercial Markets, But Caution Is in the Air Despite Fairly Solid Forecast
In their recent twice-yearly survey gauging California commercial real estate sentiment, researchers at UCLA Anderson Forecast and the law firm Allen Matkins found investors and developers generally bullish on their prospects through 2019 — even if some expressed a twinge of caution about a coming “topping out” in optimism related to the office and retail markets.
FINANCE: New Investment Bank Won’t Parcel Out Process
An investment banker and the head of marketing operations for a division of the nation’s largest energy retailer have teamed up to open a Del Mar-based investment bank focused on mergers and acquisitions.
RETAIL: E-Commerce Tactics To Open Up Market for Adigica
One of the biggest names in local biotech, David Hale, is joining forces with an e-commerce expert to bring the sale of skincare products into the digital age.
POWER: Co.’s System Adjusts Environment in Empty Rooms
Hotels waste a lot of energy when they heat and cool the booked — yet empty — rooms of travelers. And those sky-high utility bills end up taking a sizable chunk from the hotel’s bottom line.
BEVERAGE: S.D. Coffee Culture Advances To the Next Level
San Diego’s craft beer brewers — with their sophisticated palates and purist culture — may be priming the region for another kind of brew business: artisan coffee.
Four years ago this month, Ron Fowler led the group that purchased the San Diego Padres and pledged to create an organization and team the community could be proud of. To their credit, they continue to improve Petco Park and the fan experience, and they have delivered superstar concerts and a great All-Star weekend.
PROPERTY: Property Values, Rents Increase on West Coast
So far in 2016, San Diego-headquartered real estate investment trusts are continuing to benefit from a West Coast climate of limited new retail center development in locations where major store operators are still looking to set up shop.
MEDICINE: Blue Shield Rate Increase to Average 20%
Scripps Health’s reputation for inspiring loyalty among patients may soon be put to the test as its sole partner in the state-run insurance exchange, Blue Shield of California, plans a rate increase dwarfing those of its closest rivals in the highly competitive San Diego market.
Tracking S.D.’s Wealthiest Provides Reflection of Community
The list of the wealthiest San Diegans is dynamic and evolving, much like the community it reflects. It shows a cross-section of the county’s key industries and inspiring success stories, from executives at promising life science companies to fast-growing craft brewers. It includes individuals and families that helped build this community and its innovative tech companies. It’s a snapshot of prominent philanthropists, political donors and power brokers. There is no question that publishing a list of a community’s wealthiest individuals can be viewed as a crass, voyeuristic exercise that has more entertainment value than journalistic value. Fair enough; we understand the criticism. Some people have argued that publishing
From Pricing to Personal Attention, Small Firms Find Ways to Compete With National Companies
In the San Diego region, locally based accounting firms face challenges from international and national companies that are seeking to increase their presence here.
BIOTECH: LabCorp Buys Struggling Diagnostic Co.
San Diego’s Sequenom Inc., which has seen a string of losses in recent years, is being acquired by LabCorp, a giant in the diagnostics and lab testing industry, in a deal worth $371 million.
BIOTECH: ResMed’s Efforts In Informatics Pay Off As Company’s Value Climbs
ResMed Inc. is shoring up its position in the “internet of medical things,” funneling massive resources into its digital health portfolio and watching its stock climb as a result.
HOSPITALITY: Karl Strauss To Open Brew Pubs in OC, LA
“Karlifornia” has lately been appearing with increasing frequency on the caps, T-shirts and other paraphernalia sold at the craft beer brewery restaurants operated by San Diego’s Karl Strauss Brewing Co.
GAMING: The Facility Defeated Challenge to Its Environmental Review
It looks as though East County will soon be home to the county’s ninth Indian gaming casino.
SPORT: Sportsplex Gives Santee a Tourist Attraction That Can Compete for a Slice of Tourism Revenue
Santee isn’t a destination city or a locale that’s on most tourists’ radars; however, one local sports facility is bringing teams of out-of-towners to the area.
VEHICLES: Fox Finds Opportunity at Every Turn As It Builds Better Systems for Vehicles of All Types
Your mountain bike, the Ford Raptor truck, a side-by-side off-road vehicle, and the Predator B unmanned aerial vehicle all have one thing in common: the Fox company.
SPACE: Co.’s JunoCam to Deliver Images Through 2017
San Diego businesses are playing a highly visual part in NASA’s $1.13 billion space mission to Jupiter.
LAND: Ideas Floated for Possible Public-Private Projects
With the San Diego Chargers focused on a proposed downtown stadium — or a potential exit to Inglewood if that doesn’t pan out — local developers and urban planners are quietly discussing post-NFL prospects for the big Mission Valley site now housing the aging Qualcomm Stadium.
BIOTECH: NuVasive’s Lucier Sets Cadence for Co.’s March Toward Its Goals
Greg Lucier ranks high on my list of San Diego bigwigs, but the biotech executive has largely eluded me for the past two years.
Tower Paddle Boards’ Clock Management Looks to Win the Day With Its 25-Hour Workweek
Stephan Aarstol has no problem with capitalism.
Office Décor Can Deliver a Message About Your Company While Staying Below Budget
The most popular room in LoanHero’s new 14th-floor office in downtown San Diego is furnished with leather high-back chairs, wooden wall sconces and a vintage hobnail milk-glass desk lamp.
Landlords Must Deliver Amenities Without Going Overboard
It’s not easy to assess ROI when it comes to office amenities.
DEFENSE: First Contract For Oiler Is $640.2 Million
General Dynamics NASSCO received an order for six oilers — auxiliary ships that rendezvous with U.S. Navy combat ships at sea and refuel them — that could be worth in excess of $3.1 billion.