San Diego Business Journal

SDBJ WEEKLY EDITION

Company Knows the Score When It Comes to High School Sports

SPORTS: App Lets Fans Cover Games, Enjoy Friendly Rivalries

A Solana Beach app developer that offers play-by-play details of high-school sporting matches recently got some resources to expand the business — and some validation, as well. Doubtless the people at ScoreStream Inc. found it as welcome as a cool drink after a football drill under the late summer sun.

Benefunder Partners With Syracuse

Syracuse University announced that it has partnered with San Diego-based Benefunder, an organization that works with wealth management firms to connect donors with top researchers across the country.

Banking Veteran Scott Andrews Joins Seacoast

finance: Former CEO Joins Seacoast As VP and CAO

Seacoast Commerce Banc Holdings and its wholly owned subsidiary Seacoast Commerce Bank announced the hiring of Scott R. Andrews as the executive vice president and chief administrative officer for both the company and the bank.

Activist Investor Pushes for Changes at Qualcomm

TECH: Company Confident In Its Corporate Structure

Qualcomm Inc. faces several chances to increase shareholder value, New York-based JANA Partners LLC said in a letter to shareholders on April 13, noting at one point that the San Diego company could profitably sell its chip-making segment.

Water Program Aims to Create a Reservoir of Talent

We have been hearing about California’s drought for years.

Blackstone Acquiring Excel Trust Inc. in $2 Billion Purchase

REAL ESTATE: Deal Is All-Cash Transaction, Should Close In 2015

Excel Trust Inc., a San Diego-based real estate investment company, has entered into an agreement to be acquired by Blackstone Property Partners LP in an all-cash transaction valued at approximately $2 billion, the companies announced.

Builders, Regulators Look to Cooperate on Runoff Compliance

BUILDING: Permit Update Will Add to the Complexities

Although they often have been at odds over how to prevent stormwater pollution from construction site runoff, local builders and the San Diego Regional Water Quality Control Board say they are building a closer working relationship.

GA Handles a Tall Order for Fusion Experiment

ENERGY: Huge Electromagnet To Play Key Role in Program

In the world of specialty manufacturing, this is about as specialized as you get.

Orange Is New Green: Alternative Arrives For Pharmacy Bottles

MEDICINE: Company Targets Big Market With New Container

Each year, the medical industry dispenses billions of prescriptions, most of them in those ubiquitous orange plastic bottles, many of which find their way into landfills.

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Soiling Its Reputation

ECONOMY: Sea Lion Waste Wreaks Havoc on La Jolla Cove Businesses

The Goldfish Point Café enjoys a unique location with foot traffic that most businesses would envy: The world-famous La Jolla Cove draws in tourists every day.

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Inner Peace and Outer Beauty

Crashing waves and panoramic views define this house in La Jolla. Originally built in 1980, the beachfront home was completely remodeled in 2001 with exquisite attention to quality and detail. Oriented to capture the expansive views, the curvilinear architectural elements emulate the waves of the ocean below.

Stone’s New Virginia Plant Also a ‘Failsafe’ for Drought

EXPANSION: Brewer Says 40% of Current Sales Are East of Mississippi

When Stone Brewing Co., one of the 10 largest craft beer makers in the U.S., hired Craig Spitz as its first CFO five years ago, the craft beer maker was generating $48 million annually in sales.

Distilled Spirits Could Follow in Footsteps of Craft Beer Cluster

BEVERAGES: Changing Distribution Law Would Help Open the Path

A very small batch of San Diego’s craft beer brewers are making early headway in the ultra-competitive market for distilled spirits, which last year racked up $23.1 billion in U.S. sales, according to industry reports.

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Brewing Is the Easy Part of the Operation

ROUNDTABLE: Owners Cite Range of Regulations Among Business Concerns

For the 40-plus entrepreneurs expected to soon start breweries in the Craft Beer Capital of the World, the process will be a dream come true.

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Case for Cans

CRAFT BREWERIES: Some Craft Brewers Are Open to Change as New Techniques Help Cans Hold Their Own Versus Bottles

The hum of canning lines at Mike Hess Brewing Co. in North Park is a sound that remains relatively rare in the world of San Diego County’s 100-plus craft beer makers.

United Way Volunteers Share the Magic of Dr. Seuss With Kids

To inspire a love of learning and the written word, volunteers from United Way of San Diego County participated in the National Education Association’s 18th Annual Read Across America Day and celebrated Dr. Seuss’ 111th birthday by sharing beloved tales from the local literary legend with students at elementary schools across the county.

Glitch Doesn’t Dent Navy’s Confidence in New Catapult

The U.S. Navy’s new electromagnetic aircraft catapults, made by San Diego-based General Atomics, will need some fine-tuning before they launch anything off of an aircraft carrier deck. The catapults are going onto the USS Gerald R. Ford — which is scheduled to join the fleet in spring 2016 — and aircraft carriers that come after it.

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Glass-Walled Ballrooms Highlight Marriott’s $206 Million Makeover

HOSPITALITY: Hotel Will Offer Most Event Space on West Coast

Owner Host Hotels & Resorts Inc. recently began work on the second phase of a $206 million makeover of its Marriott Marquis San Diego Marina, an 80,000-square-foot events facility that also includes an adjacent Marina Walk, the latest in a series of new public elements transforming the face of the downtown waterfront.

With This Software, Many Voices Can Speak as One

TECH: Data From Old, New Devices Can Communicate

Like people, machines speak different languages. Chad Trytten is building a business on the proposition that they can all speak together.

Green Flash Debuting New Tasting Room

San Diego-based Green Flash Brewing Co. plans a May 16 opening for Cellar 3, a new tasting room and specialty brewing facility that it will operate in Poway.

Sullivan International Files For Chapter 11

CONSULTING: Firm Hit By Sequestration, Government Shutdown

San Diego-based Sullivan International Group, Inc. announced that it has filed for Chapter 11 bankruptcy protection.

North County Cities Business Plan: Innovate78

ECONOMY: They Are Looking to Attract Companies, Investment

Five North County cities have launched a branding and economic development initiative to collectively promote the state Route 78 corridor and increase their capacity to retain, expand and attract talent, companies and investment.

Admiration Is High for These Low-Profile Execs

That large photo to the left captured a special moment at our CFO of the Year Awards. It’s also a great example of why the CFO event is one of our favorites.

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Fitness App Aims for Strength in Numbers

TECH: It Offers Access to Network of Studios, Classes

The Internet’s middleman economy continues to shake up brick-and-mortar businesses in every industry.

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Rady $100M Gift For Best, Brightest

EDUCATION: UCSD School To Pursue Top Faculty, Students

Local philanthropists Ernest and Evelyn Rady have committed $100 million to the Rady School of Management at the University of California, San Diego, a long-term gift deemed crucial for competing with older and well-established business schools for top students and faculty.

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Help Wanted: Bug Busters

HEALTH: S.D. Startups Working to Find Newer, More Powerful Antibiotics

The rising number of drug-resistant “superbugs” ­– and the lack of new therapies to fight them ­– has prompted concerned public health officials to offer incentives to drugmakers to lure them back into the abandoned field of antibiotics.

Senate Must Not Undo Bipartisan ‘Doc Fix’

If you have been following health care news, you may have noted that, with some fanfare, the U.S. House of Representatives, in a 392-37 vote, approved House Resolution 173, the so-called “Doc Fix” legislation that addresses physician reimbursement under Medicare. This bill would repeal the sustained growth rate (SGR) formula under which Medicare compensation to physicians has been calculated to date.

New Port of Entry Can Open Up Avenues of Trade

In less than two weeks, the San Diego Regional Chamber of Commerce heads to Mexico City, leading its 10th annual trade delegation to the capital of California’s largest trading partner. The focus of the delegation’s visit will be the four agreements signed between the State of California and the Mexican federal government.

S.D. Architecture Has Quite a Past, Present and Promising Future

There are many things that come to mind when people think of San Diego. Among them are its world-famous San Diego Zoo and Safari Park, the perfect weather and, of course, the 70 miles of fantastic beaches along the county’s coastline.

Medical Device Degree Tailored For Working Professionals

The University of California, San Diego is offering a graduate degree program within its Jacobs School of Engineering designed for working professionals who want to fine-tune skills in bioengineering, biomaterials, genomics, computing and telecommunications.