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Tuesday, Jul 23, 2024
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Week in Review



Young Wins:

Tony Young defeated former San Diego City Councilman George Stevens in a Jan. 4 special election for the 4th District City Council seat vacated by Charles Lewis, who died in August.

Young, 38, who served as Lewis’ chief of staff, received more than 6,911 votes to Stevens’ 4,719, according to the county’s registrar of voters office. There are still about 750 absentee/provisional ballots to be counted, but with Young drawing 60 percent of the votes, not enough to change the outcome.

He is expected to be sworn in at the City Council meeting Jan. 11.


, Pat Broderick

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On The Move:

The aircraft carrier USS John C. Stennis left San Diego on Jan. 5 for its new homeport of Bremerton, Wash.

The Navy said the move is part of a regular rotation of carriers. The Stennis is due for maintenance, and Bremerton has major overhaul facilities. The carrier will stay in Bremerton following nine months of work.

The Stennis was commissioned in December 1995 and was stationed in San Diego for six years.


, Brad Graves

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Sempra Award:

Sempra LNG has awarded $1.2 billion in engineering, procurement and construction contracts for the company’s Baja California and Lake Charles, La., liquefied natural gas receipt terminal projects.

A consortium comprised of Techint SA de CV of Mexico, Black & Veatch of Kansas City, Mo., Mitsubishi Heavy Industries of Tokyo and Vinci Construction Grands Projects of France was awarded an approximately $500 million contract for the Energia Costa Azul receipt terminal 14 miles north of Ensenada, Mexico.


, Pat Broderick

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Honored:

The San Diego Regional Chamber of Commerce will recognize three people at its annual dinner Jan. 18, including the whistle-blower to the city’s ongoing pension scandal.

Diann Shipione, a member of the city’s Employees Retirement Board, was named the recipient of the Catalyst for Change award.

Also being recognized are Jim Benson, founder and chief executive officer of Poway-based SpaceDev, who will receive the Business Leadership in Science and Technology Award; and Dan Shea, a partner in the Paradigm Investment Group, recognized with the Spirit of San Diego award for his role in forming the business coalition that helped negotiate an end to the Charger ticket guarantee issue.


, Mike Allen

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State Calls BRAC Meetings:

A new state board devoted to retaining California’s military bases will hold public forums in San Diego, Oceanside and El Centro.

Pentagon leaders want to shed 24 percent of its base capacity, and they hope to name the excess bases by year-end. The process is called Base Realignment and Closure.

The council’s meeting schedule:

– 9 a.m. to noon Jan. 13 at the Elks Hall, 444 Country Club Lane, Oceanside.

– 2 to 5 p.m. Jan. 13 at Ryerson Hall, 225 Wake Ave., El Centro.

– 9 a.m. to 5 p.m. Jan. 14 at the Port of San Diego administration building, 3165 Pacific Highway, San Diego.


, Brad Graves

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New Job:

Kimpton Hotels & Restaurants has named Pam Richardson the general manager of Hotel Solamar, the San Francisco-based company’s hotel scheduled to open Downtown in April.

Richardson, 45, is serving a second consecutive term as president of the San Diego Hotel-Motel Association. She is also on the board of directors of the San Diego Convention & Visitors Bureau.

Richardson had served as general manager of the Hilton San Diego Airport/Harbor Island since 1995.

Construction on the split-level, 235-room, boutique hotel at the corner of Sixth Avenue and J Street near Petco Park began in January 2004 at a cost of $52.5 million. It is Kimpton’s 40th hotel property nationwide and the first in San Diego.


, Connie Lewis

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Licensing Rights:

San Diego-based Gen-Probe Inc., which develops tests to screen for diseases, said Jan. 5 that it licensed the rights to develop blood cancer tests from Seattle-based biotechnology company Corixa for about $4.8 million, excluding potential later payments.

Under the agreement, Gen-Probe will pay Corixa $1.6 million upfront to access technology covering 50 potential genetic markers for prostate, ovarian, cervical, kidney, lung and colon cancer, the company said.

That is followed by a $3.2 million payment in 2006 and 2007 to access more technology, unless Gen-Probe cancels the deal.

Gen-Probe’s stock, which trades under the ticker symbol GPRO on the Nasdaq stock exchange, gained 7 cents to close at $43.25 on Jan. 5 after the news.


, Marion Webb

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Big Buy:

The Shidler Group, a San Diego-based private real estate investment firm, purchased a 19-building, 1.1 million-square-foot portfolio of office and research-and-development space for $142 million.

Ten buildings and 366,988 square feet of that purchase are in Sorrento Mesa, Santa Mesa and Miramar, translating into a $47.7 million investment in San Diego, according to a Jan. 5 announcement of the deal.

“We are very bullish on San Diego,” said Matt Root, a partner in the Shidler Group.

Root said the buildings in the portfolio were 90 percent occupied going into the deal, and so managing the new properties will mainly involve rolling over risk.

The Shidler Group owned about 3 million square feet of commercial property in San Diego before the purchase.

In the transaction, the Shidler Group, and the seller, Arden Realty Inc., were represented by Secured Capital Corp.


, Heather Bergman

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