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Regional Roundup

IMPERIAL BEACH: Mariachis Play, Quartet Fires Up Mexican Grill

The mariachi music and ribbon cutting Oct. 3 made it official: The I.B. Mexican Grill is open for business in the 1300 block of Palm Avenue.

The eatery specializes in home-style Mexican cooking. It had a soft opening a month earlier.

Victor Beltran and three friends pooled their savings , they would not disclose the amount , to get the business off the ground. Beltran, who is acting manager, also runs the nearby Boxing Zone, a program for at-risk kids. He has done that for seven years.

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, Brad Graves

CARLSBAD: Football Equipment Deal Fits Krypton Like Glove

Illinois-based Schutt Sports, which makes football helmets and face guards, said Oct. 1 that it has reached an agreement with Krypton Sports. Krypton will introduce a line of Schutt football gloves and produce the first line of branded apparel for Schutt, including shorts, T-shirts, headgear and accessories.

Schutt will use its team dealer channels for distribution, while Krypton is expected to expand Schutt’s presence in other retail areas.

Financial terms of the deal were not disclosed.

, Connie Lewis

SAN DIEGO: Emission Revisions Drive Need for Better Buses

Proterra showcased its prototype HFC 35, a zero-emission, hybrid-electric transit bus, at the American Public Transportation Association exposition Oct. 6-8 at the downtown Convention Center.

The 37-seat bus features an energy-efficient fuel cell, hybrid-electric powertrain.

The bus is scheduled to be put into service in the first quarter of 2009 in a nationwide trial starting in South Carolina.

“Transit officials across America are struggling with the challenge of meeting new emissions standards while facing higher fuel costs on smaller budgets,” said Jeff Granato, president of Colorado-based Proterra, adding that its buses provide a solution.

, Connie Lewis

EL CAJON: Bank on Getting Good Info at Fairly Timely Fair

The fourth annual East County Home & #173;ownership Fair, sponsored by U.S. Bank, is set for Nov. 1. The event will offer information about preventing foreclosure and provide counseling for distressed homeowners.

The Housing Opportunities Collaborative, a coalition of local nonprofit agencies, will present information for homeowners who are having difficulty paying their mortgage.

Sponsors of the free event at the Ronald Reagan Community Center, 195 E. Douglas Ave., include Union Bank of California, Washington Mutual, the East County Regional Chamber of Commerce and La Mesa Chamber of Commerce.

, Heather Chambers

POWAY: $4.4M Investment Lands in SpaceDev’s Backyard

SpaceDev says it obtained a $4.4 million investment through the sale of about 7,000 shares of its common stock to two investment groups, OHB Technology and MT Aerospace, a subsidiary of OHB, which is based in Germany.

SpaceDev, a space technology business, has shares that trade on the OTC Bulletin Board under the ticker SPDV. The firm is helping to build Space Ship Two, the first commercial spaceship for Virgin Galactic.

, Mike Allen

VISTA: Some Cross Over to See Premier Park Opening

Premier Crossing, a medical and professional office park, recently held a grand opening at the corner of South Melrose Drive and Sycamore Avenue.

The general contractor was Richard & Richard Construction of San Marcos.

The 52,000-square-foot complex on 5 acres consists of 10 buildings, six of which have been sold or reserved. The remaining buildings are being marketed as free-standing or as half-buildings, with prices beginning at $845,000, according to listing agent Cushman & Wakefield.

, Mike Allen

DEL MAR: Kitchen Addition Part of $25M Resort Upgrade

L’Auberge resort plans to open Kitchen 1540 next month. The fine-dining restaurant is expected to serve dinner starting Nov. 4 and breakfast and lunch beginning Nov. 24.

The addition of the restaurant is part of a $25 million property renovation completed in the summer.

L’Auberge’s executive chef, Paul McCabe, will lead Kitchen 1540, which will be inside the hotel at 1540 Camino del Mar and feature seafood and hormone-free meats.

, Michelle Mowad

OCEANSIDE: 70-Year Airport Lease May Fly With Council

The City Council was scheduled to consider a lease with Los Angeles-based Airport Property Ventures at its Oct. 8 meeting to operate the municipal airport for 50 years plus two 10-year extensions.

Airport Property Ventures would serve as fixed-base operator and develop, design and construct facilities at the 50-acre airport.

The lease would bring the city $11.3 million for the first 25 years of the agreement, according to the city.

Airport Property Ventures would pay $9,000 in annual rent for the first 25 years of the agreement plus 40 percent of all net income generated above that.

, Michelle Mowad

CORONADO: Proposed Hotel Del Expansion a Hot Topic

Plans to build on the Hotel del Coronado property were scheduled to make a return visit to the City Council on Oct. 7.

Unite Here, the union representing the hotel staff, and Concerned Citizens for Keeping the Hotel Del Beautiful, an association of local residents, have appealed two Planning Commission decisions that pave the way for changes on the hotel property. The Concerned Citizens group has also appealed a decision by the city’s design review board to approve the expansion.

The hotel wants to build 144 new guest rooms on the southern part of the property, make those into condominium hotel units, and build new conference facilities and underground parking. The hotel also wants to fashion a new entrance on the southern part of the property.

, Brad Graves

SAN MARCOS: Seminar for Small Firms With Big Questions

The Chamber of Commerce and The Meet Market are holding a small-business education seminar at 8:30 a.m. on Oct. 15 at Downey Savings, 675 Rancho Santa Fe Road.

Participants will learn and discuss how the upcoming election will impact their business. Attendees must RSVP by calling 760-744-1270.

, Ned Randolph

ESCONDIDO: Seeking Next Line of Work? Visit NextWork

The NextWork staffing agency, which recently opened its headquarters locally, plans to hold a workshop Oct. 14 and 15 in Mission Valley to help San Diego job seekers identify the best type of job for their personality.

Linda Amaro and Pattie Vargas formed NextWork, which offers instruction in interviewing, resume writing and negotiating, among other things.

For more info, visit nextworkservices.com.

, Ned Randolph

SAN DIEGO: Volcano Sees Sales Erupt, Seeks Growth Locally

Volcano, which makes medical technologies that provide cardiologists with a clearer picture inside coronary arteries, said Oct. 6 that it has moved its headquarters from Rancho Cordova to Carmel Valley , with the intention of expanding its local operations.

It has about 40 local employees and more than 800 worldwide, with research-and-development and manufacturing operations in Northern California.

Volcano was funded by Domain Associates in 2001 and went public in 2006. It has grown into a global company with approximately 50 percent of its revenues stemming from overseas operations.

For the first six months of fiscal 2008, the business reported revenues of $78.1 million, a 32 percent increase compared with the first six months of fiscal 2007. Volcano reported a net loss of $15.8 million for the first half of 2008 versus a net loss of $2.2 million for the same period of 2007.

More than 1,000 hospitals use its products on a regular basis, according to Volcano. Its stock trades under the symbol VOLC on Nasdaq.

, Heather Chambers


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