Stories for August 2007

Friday, August 31

Barrio Logan Chef Accepts Mac'n Cheese Challenge

Melissa Mayer, executive chef at the Guild Restaurant and Lounge in Barrio Logan, is set to make her national TV debut on the "Food Network Challenge" in an episode airing at 8 p.m. Sunday, Sept. 9.

Seacoast Commerce Bank Has Interim President

Seacoast Commerce Bank, a single-office bank based in Chula Vista, has appointed Chief Credit Officer Mark Nugent its interim president after Doug Shearer resigned as chief executive Aug. 15.

Accredited Stock Jumps; Lone Star Lowers Offer

Shares of Accredited Home Lenders Holding Co., a San Diego subprime mortgage bank, soared 43 percent to $9.05 Aug. 31 after its prospective buyer, Lone Star Funds of Dallas, reduced its offer price to $8.50 per share, down from $15.10 per share it agreed

ResMed to Get New CEO on Jan. 1

ResMed Inc., a Poway-based maker of devices that help people who have sleep disorders, announced a succession plan Aug. 30 that would promote Kiernan Gallahue to chief executive officer following the departure of company founder Peter Farrell.

ViaSat Helps European Broadband Service Get Off the Ground

Carlsbad-based ViaSat Inc. said Aug. 31 that, together with EutelSat Communications, it will offer satellite broadband service in Germany by the end of September.

Thursday, August 30

Study: SDSU to Have $4.5B Impact on Region

Officials at San Diego State University announced results of a study examining the economic impact of the school on the region. By 2025, the university's annual economic impact will increase from $2.4 billion to $4.5 billion because of growing enrollment.

North County Leader to Leave Area

Gary Powers announced his resignation from his positions as Palomar Pomerado Health board member and chief executive officer and president of the San Diego North Chamber of Commerce on Aug. 29.

Monday, August 27

Stem Cell Agency Lures Richard Murphy Out of Retirement, Temporarily

Retirement proved short-lived for former Salk Institute of Biological Studies President and Chief Executive Richard Murphy.

Executive Profile , Tim Schulze

Tim Schulze says having a little bit of attention deficit disorder has "sort of worked for me."

Sales and Leases

Falcon Framing purchased 6,270 square feet of industrial space in Santee for $1.1 million.

SBA Director Lends Support to Business Loan Programs

It's in the spirit of "a hand up, not a hand out" that Ruben Garcia has found his place in San Diego. As director of the U.S. Small Business Administration's district office for San Diego and Imperial counties, Garcia oversees a program that helps dole ou

Regional Roundup

Leading off this week's compilation of news from around San Diego County: Interface Displays & Controls Inc., a certified woman-owned small business, recently delivered newly designed data entry panels to the U.S. Air Force.


For Aug. 20, 2007.

Two Multimillion-Dollar Retail Centers in County Sold in August

Poway Crossings, a 115,000-square-foot retail center on Poway Road in Poway, sold for $30.7 million, according to Pete Bethea, senior vice president and principal with Burnham Real Estate's retail advisory team.

Preparing for Sweet Taste of Success

Food and beverage companies on a mission to cut the amount of salt and sugar in their products, increase protein and block bitter tastes have turned to Senomyx Inc., a San Diego-based biotech testing the limits of human taste.

WFI Committee Says Company Missed $30M to $40M in Non-Cash Compensation

Wireless Facilities Inc., a local telecom company that's been investigating its stock option granting process, said it has uncovered sufficient negative evidence that will require restating of its financial results from 1998 to September 2006.


Commentary 'Rife With Errors'

Wachovia Securities' Extensive Remodeling Project Gets Under Way

Progress Report: Wachovia Securities is in the process of making tenant improvements for its location at 888 Prospect St. in La Jolla.

Tax Increase No Solution to Alternative Minimum Tax Mess

Tax Increase No Solution to Alternative Minimum Tax Mess

Banks Using Progressive Technology to Expedite Business Transactions

When Paul Rodeno, president and chief executive officer of Security Business Bank of San Diego, created his business plan back in 2002, he envisioned a future complete with cutting-edge technology independent of brick-and-mortar banks.

Video Surveillance Provides Measure of Crime Deterrence

Video Surveillance Provides Measure of Crime Deterrence

San Diego Ranks No. 1 In Hotel Occupancy

Christmas comes early to San Diego's lodging industry. Like retailers who do the bulk of their business between Thanksgiving and the late December holidays, hotel lobbies here are busier during July and August than any other time of the year, and this yea

Bankers Offer Investment Strategies to Ease Jitters Caused By Volatile Markets

Recent stock market volatility has prompted some jitters among those having loans vulnerable to rising interest rates and those holding large amounts of a single stock.

Local Health Clinics Had to Tap Reserves During State Budget Standoff

Zara Marselian can tick off a list of her financial worries for La Maestra Community Health Centers after going more than seven weeks without receiving a Medi-Cal payment.

Seen After Hours , Health Care Champions Honored

A glimpse of the San Diego Business Journal's first ever Health Care Champions industry special reception and recognition event Aug. 16 at the Hall of Champions sports museum in Balboa Park.

Nassco Launches Work on Tanker

General Dynamics Nassco said Aug. 27 that it has begun construction on the first of a series of tanker ships for a commercial client, New Jersey-based U.S. Shipping Partners.

Toppan Optical Products Calls It Quits Due to Business Slowdown

A Poway plant that makes micro-display screens for rear-projection televisions is closing effective Aug. 30, and laying off 165 employees, citing a downturn in the market for such televisions.

Work Gets Under Way to Lower Sunroad Tower

Workers began toiling to remove the top of Sunroad Enterprises' Centrum high-rise office building off Kearny Villa Road near Montgomery Field in Kearny Mesa last week.

Entrepreneur Profile , Toby Russell

A San Diego native, Toby Russell started creating his client base years ago. He became friends with his future business partner, Dave Howell, in high school and the two eventually opened Velocity Audio Visual Services in 1999.

VC Firm Co-Founder Daniel Wood Sees Profitable Forest Beyond Trees

Venture capital in San Diego can be newsworthy, which Daniel Wood, co-founder and general partner of IngleWood Ventures LLP, is very aware. After all, he got his start in journalism.

American Property Management's Hotel in Cancun Avoids Dean's Full Wrath

At least one local company, American Property Management Corp., was directly affected by Hurricane Dean.

Poseidon Resources' Desalination Plant in Carlsbad Has Become Big Adventure

The old saying is "There's a time for some things, and a time for all things; a time for great things, and a time for small things." Well, in Carlsbad, it is time for great things.

Getty Foundation Awards $220,000 to Museum of Contemporary Art

The Getty Foundation, the philanthropic division of the J. Paul Getty Trust, has awarded $220,000 to the Museum of Contemporary Art San Diego for Connecting to Place: Collecting Contemporary Art in Southern California.

Growing Demand Prompts Pharmatek to Boost Drug Development Capabilities

San Diego-based Pharmatek Laboratories Inc. said Aug. 16 it would add cytotoxic and high-potent drug development capabilities to its host of pharmaceutical chemistry development services.

Decision Sciences' X-Ray Alternative Worth Billions?

Richard Smith's company is making what he says is the equivalent of the better mouse trap when it comes to screening systems that detect radiation or nuclear bombs.

Accredited to Lay Off About 1,600, Close 60 Locations

Accredited Home Lenders Holding Co., a locally-based subprime mortgage company, said Aug. 22 that it is laying off about 1,600 employees, reducing its total work force to some 1,000.

San Diego People

Key Hires and Promotions. Executive Spotlight , Philip Petersen.

SDSU, Veterans Affairs Combine Forces to Combat Nursing Shortage

A partnership between San Diego State University and the Department of Veterans Affairs will be one of three other university-VA partnerships across the country to launch a new program called "Enhancing Academic Partnerships Program."

Organic Quick-Serve Concept Arrives in La Jolla With New Restaurant

Miguel Patterson says that walking into his La Jolla eatery, Lean & Green Organic Health Bar, will be like setting foot in a gym.

Nonunion Construction Cos. Appeal to Chula Vista Residents to Back Project

Jimmy Hoffa is alive and well , or it's his double , posing as "Lucky Louie The Labor Leader" on a flier sent to Chula Vista residents by a local builders' group blaming trade unions for an "all or nothing" approach that thwarted labor negotiations with t

SBA Suggests 10 Tips When Applying for a Business Loan

The saying, "ask and you shall receive," doesn't always apply to small-business loans.

Friday, August 24

SAIC Forges Ahead With Multi-Billion-Dollar Logistics Deal

SAIC has begun work on a contract potentially worth $6.2 billion to perform supply chain management for the Department of Defense.

Inc. 500 List Filled With San Diego Companies

Genoptix Medical Laboratory, out of Carlsbad, tied for fourth on the Inc. 500 list of fastest growing private companies.

Viejas Pulls Back Curtain on Resort Plans

Viejas said Aug. 24 that it is going into the resort business , and in a big way.

Chamber Urges Public Officials to Support Gaylord Project

One of the county's largest and oldest business organizations, the San Diego Regional Chamber of Commerce, voiced support for a massive hotel and convention center project proposed by Gaylord Entertainment on the Chula Vista bay front.

Thursday, August 23 and Reader Team Up

The San Diego Reader said Aug. 23 that house hunters can access Multiple Listing Service listings through a new real estate portal on its Web site. The portal is the product of an alliance between the Reader and San Diego-based

New Navy Cargo Ships Could Bring Nassco $2.5B

General Dynamics Nassco said Aug. 23 that it had reached an agreement with the Navy to build up to five additional T-AKE-class cargo ships. The deal has a potential value of $2.5 billion if the Navy exercises all of its options.

Bank President Departs Seacoast Commerce

Seacoast Commerce Bank, a four-year-old lender based in Chula Vista, is without a president following the unannounced departure of Doug Shearer, who worked there for two years and was its second president.

Wednesday, August 22

Chassis Plans Deals Top $1M

Chassis Plans Inc., a manufacturer and provider of industrial computers, was awarded two contracts with more than $1 million.

Accredited to Lay Off About 1,600, Close 60 Retail Locations

Accredited Home Lenders Holding Co., a locally based subprime mortgage company, said Aug. 22 that it is laying off about 1,600 employees.

Group Applauds Petco Park's Vegetarian Fare

In its annual ranking of the Top 10 Vegetarian-Friendly Ballparks released on Aug. 21, People for the Ethical Treatment of Animals has named Petco Park the fourth most vegetarian friendly ballpark in the country.

Upper Deck Withdraws Offer for Topps

Upper Deck Co., a privately held, Carlsbad-based maker of sports cards, said Aug. 21 that it has withdrawn its offer for New York-based Topps Co.

Tuesday, August 21

Carlsbad's 3E Buys Competitor

The 3E Co., an environmental health and safety management provider based in Carlsbad, said Aug. 20 that it has acquired MSDS Solutions. Terms of the deal were not disclosed.

Cuso Financial Reports Net Profits Growing

Cuso Financial Services LP, a San Diego broker-dealer of investment and insurance products sold through credit unions, said Aug. 20 that its total revenues are on the rise this year and net profits were 7 percent above what it made last year through the f

Monday, August 20

Del Mar Posting Nice Increases in Wagering, Visitors Over '06 Season

Both the handle , the amount of money bet , and attendance figures, which are hallmarks of health for most tracks, were running ahead of last year's numbers at Del Mar.

Dip in Construction Employment an Exception to the Regional Rule

Area construction employment dropped 8 percent in the last 12 months.

Entrepreneur Profile , Franco Testa

When Franco Testa moved to the United States in 1996 to marry an American woman, he left behind 10 years of owning his own plumbing business in Naples, Italy.

Poway Medical Office Two-Thirds Cheaper Than Hospital Construction

Building medical office buildings on hospital campuses is both economical and convenient.

Manufacturers Positive About the Future, Survey Finds

The National Association of Manufacturers/Industry Week business outlook survey of companies for the second quarter of 2007 indicates a rising positive outlook for the next 12 months.

Regional Roundup

Leading off this week's compilation of news from around San Diego County: The Mar Group signed a 36-month lease valued at $113,000 for 1,500 square of office space.

Nonprofit Profile , Parkinson's Disease Association of San Diego Inc.

A talk with Ronald C. Hendrix, executive director of the Parkinson's Disease Association of San Diego Inc.

Subprime Lending Woes May Halt Some Projects Despite Boom

For the first half of this year, San Diego County's lodging industry holds the distinction of having more rooms under construction and more in the pipeline than anywhere else in the state.

Groovy Like A Movie Helps Businesses Post Videos on Internet

Crisis communication might be a more dramatic use for Web video, but Southern California companies are finding it useful for day-to-day issues, such as sales and business development.

Ambit Announces Update in Its Technology to Screen for Sources of Diseases

A Sorrento Valley company in the habit of selling screening services to big pharmaceutical concerns interested in seeing how various compounds react to select proteins has just announced a bigger, better screening technology.

Mossy Toyota Consolidating Sales and Services at New Dealership

The new $10 million Mossy Toyota dealership under construction in Pacific Beach is expected to be completed by the end of September.

T.B. Penick & Sons Breaks Ground for $5.3 Million Lutheran Education Center

Progress Report: Ground has broken for the construction of the $5.3 million Christ Lutheran Church Education Center.

$900M Investment Refines Westfield UTC's Image as Shopper-Friendly

Picture a little city of villages, with public transit, affordable and high-end housing, opulent boutiques, coupled with more modest fare, dining and entertainment , all powered by environmentally friendly, sustainable energy sources, and served by public

Week in Review

Top Business News: Aug. 10 - 16, 2007

Rarefied Estate at Del Mar Goes on Market For Record Asking Price

While race-goers bet on the ponies Aug. 13, a Del Mar owner put his property on the market for an unprecedented $76 million.

San Diego People

Key Hires and Promotions. Executive Spotlight: Michael Abernathy.

Proposed 241 Toll Road Needed to Alleviate Traffic

Proposed 241 Toll Road Needed to Alleviate Traffic

PRI Realty's Husband and Wife Duo Adopt Positive Energy Strategy

Michael and Carrin Goldstein arise early and work into the wee hours if necessary.

Toppan Optical Products Calls It Quits

Toppan Optical Products said it is laying off its remaining 165 employees and closing its Poway plant effective Aug. 30, as a result of deteriorating conditions in the market for rear projection televisions.

Shopping Mall Blazed a Trail for Downtown's Revitalization

Sleazy. That's what downtown San Diego had become following the mass exodus of people to the suburbs during the 1950s and '60s. The area was left with vacant buildings, parking lots, a low-income population, and a string of adult entertainment venues.

UCSD Med School Launches Study to See if Cell Phones Can Boost Weight Loss

Reaching for that extra cookie sounds like a good idea, but then your cell phone rings. "How many servings of fruits and vegetables have you had today?" the text reads.

Rumors Abound About Possible Sale of Pacific Western Bank Parent

The rumor mill within the San Diego banking industry has been burning up lately, with speculation surrounding First Community Bancorp, parent of Pacific Western Bank.

Final Anti-Harassment Training Regs in Effect

State officials have approved final regulations for the landmark sexual harassment training law and the biggest clarification: The law now applies to larger firms that hire contract workers.

Mir3 CEO Says Acquisition Should Boost Its Fast-Growing Emergency Notification Business

Mir3 Inc., a Carmel Valley-based provider of intelligent notification systems that let businesses send messages across portable and non-portable devices, has acquired a company that specializes in wireless notification systems.

Jobless Rate Grows in July, But Leisure and Construction Post Gains

San Diego's unemployment rate rose to 4.8 percent in July, from 4.6 percent in June, as the total non-farm employment declined by 7,900 jobs during the month.

In a Sales Crunch, R.E. Industry Seeks Counsel of PR, Marketing Firms

More and more real estate developers are turning to marketing, public relations and advertising agencies to close the sale.

Lawsuit Is Latest Obstacle to Accredited Home Lenders, Lone Star Deal

The sale of Accredited Home Lenders Holding Co. to Lone Star Fund may still happen, but recent developments, including the filing of a lawsuit against the prospective buyers, have muddied the waters.

Sales and Leases

Sales and Leases: Price RE San Diego LLC purchased the 103,000-square-foot Sorrento Ridge Corporate Center for $16 million.

Jessica Biel to Host Benefit Event for Ivy Hotel, Make the Difference Network

The Ivy Hotel and Make the Difference Network will celebrate Ivy's Premiere Star-Studded Weekend to be hosted by Jessica Biel and featuring a performance by Joss Stone.

Gemological Institute Opening Laboratory in South Africa in '08

A local school where future jewelry makers and gemstone experts train has officially gone global.

New Volvo S80 Sedan Safe Enough for Aunt Mabel

New Volvo S80 Sedan Safe Enough for Aunt Mabel

New Silvergate Bank CEO Wants to Move Into SBA Loans, Retail Accounts

New leadership officially took the helm at La Jolla-based Silvergate Bank last month in the latest effort to turn around the 19-year-old industrial bank following a cease-and-desist order signed last year.

Executive Profile , Henry Schubach

Henry Schubach says he took his first ground school aviation class in order to meet credit hour requirements. He kept it up because he needed a job. "It sure doesn't always feel like work , I get to fly planes every day," said Schubach.

State Agency Taking Rest Period Comments

Employers have long chafed at a state regulation requiring they give meal and rest breaks to their employees after a certain number of hours worked each day.

Denny's Announces Expansion Plans, Including Two New Restaurants in Region

Spartanburg, S.C.-based Denny's Corp. has announced local growth plans, sure to be a grand slam among breakfast-loving San Diegans. The first step in those plans includes the sale of 34 company-owned restaurants to new and existing franchise holders.

Hotel Owner Gets Deals Done With a Little Help From Friends, Family

Despite setbacks, Bob Rauch is running full steam ahead.

Overland Hires New CEO After Struggling Through Tough Fiscal Year

Overland Storage Inc., a local maker of data storage systems, finished a tough 12 months, reporting a net loss of $44.1 million for the year ended June 30, more than double the $19.5 million net loss for the prior year.

Horton Plaza Brushes Off and Returns to Its Lofty Pedestal

The once cutting-edge shopping emporium called Horton Plaza is trying to find its way. Now known as Westfield Horton Plaza, the two decades old, multilevel mall is being primed to meet the challenges of an evolving market downtown.

British Tea Emporium to Set Up Second U.S. Shop at Horton Plaza

For much of British society, the concept of taking tea is as much a ritual as beer and hot dogs at a ballpark in the United States. Come mid-September, the locals will be able to sample their own high tea when Whittard of Chelsea opens its doors at Horton

Capitalism, Community and America's Future Social Capital

Capitalism, Community and America's Future Social Capital

Friday, August 17

City Plays Host to Hispanic Hotel Owners

The Hispanic Hotel Owners Association, a fast growing organization aimed at increasing the number of hotels owned, developed and operated by Hispanics, has scheduled an investment seminar at the San Diego Doubletree Hotel for Aug. 28-29.

Nassco Gets Navy Maintenance Deal

The U.S. Navy has awarded General Dynamics Nassco a contract to maintain and provide repair services for seven San Diego-based frigates. Nassco announced the deal Aug. 17.

Nokia Takes Qualcomm Complaint to Trade Commission

Nokia Corp. has called for a U.S. government investigation of Qualcomm Inc., starting a process that, if taken to its extreme, would halt the importation of certain Qualcomm microchips and handsets.

Paradise Valley Hospital Receives Accreditation

Paradise Valley Hospital said Aug. 17 that it received its full accreditation from the Joint Commission under the new ownership of Prime Healthcare Services Inc.

Thursday, August 16

Airport Noise Abatement Gets Financial Boost

The San Diego County Regional Airport Authority said it will receive a $10 million federal grant to further reduce noise for residents in neighborhoods near Lindbergh Field most affected by the sound of aircraft takeoffs and landings.

Active Network to Pay $17M for InfoSpherix

The Active Network Inc., a San Diego-based software developer targeting healthy lifestyles, said Aug. 16 that it is acquiring InfoSpherix Inc. in a $17 million cash deal.

Navy Brings SAIC Aboard for Electronics Work

SAIC Inc. has received a contract from the Space and Naval Warfare Systems Center in San Diego worth a potential $473 million.

Seattle Firm Buys Biogen Idec Drug

Seattle-based biotechnology firm Cell Therapeutics Inc. said Aug. 16 it will buy the rights to cancer treatment Zevalin from Biogen Idec in a deal worth a potential $30 million.

DJO Sale Clears One Hurdle

The U.S. Federal Trade Commission gave early clearance to Vista-based brace maker DJO Inc. in its planned sale to a subsidiary of ReAble Therapeutics, the company said Aug. 16.

Wednesday, August 15

Food Bank Names New Executive Director

The San Diego Food Bank said Aug. 15 that it has appointed James H. Jackson Jr. as its new executive director.

Aguirre Sets Sights on the Q's Toxic Plume

Just in time for the opening of the Chargers' football season, the city of San Diego is going after the source of a longstanding underground plume of pollutants spreading beneath city-owned Qualcomm Stadium.

Eset Sets Up New Headquarters

Eset, the San Diego-based security software company, formally opened its new offices in the Little Italy neighborhood Aug. 14.

Cookie Campaign Marks One Hotel's Transition

The 330-room Doubletree Hotel San Diego Downtown, formerly the Radisson Harbor View, which recently underwent an $11 million renovation to elevate it to a 4-star property, plans to celebrate the transition Aug. 16.

Xenonics Posts Bigger Loss, Shares Rise

San Diego-based Xenonics Holdings Inc., an advanced lighting technology company, reported earnings on Aug. 14 for the quarter ending June 30.

Monday, August 13

Executive Profile , Larry Coval

A political science major, Larry Coval said his job interview with a large telecommunications company following college graduation was a fluke. "It just worked out and was a good fit," said the now-vice president of Cox Business Services.

Crowded Planes, Lost Baggage Pushing Travelers Onto the Open Road

Major airlines reported that 29 percent of all flights were delayed in June, the worst it's been for a June since 2000. The statistics for July and August aren't expected to show any improvement, industry analysts say.


For Aug. 6, 2007

Manufacturing Rolls Out Diverse Trade Clusters and Skilled Workers

Back in the day, San Diego County's manufacturing sector was easy to identify in the form of trucks, heavy equipment, oil and grease. But today's more diverse economy has spawned an industry made up of a variety of jobs that might not leave dirt in a work

Entrepreneur Profile , Lisa Kay Gillespie

When her job was cut, Lisa Gillespie decided to end her corporate career and move into something she'd always been passionate about.

City's Land Use Chief Steps Down

Jim Waring, the city of San Diego's embattled deputy chief for land use and economic development, has resigned.

San Diego People

Key Hires and Promotions. Executive Spotlight: Sally Leimbach.

Leonard Lavin Pledges Additional $2M Toward SDSU's Entrepreneurial Center

Leonard H. Lavin, founder and chairman emeritus of the Alberto-Culver Co., has pledged an additional $2 million to San Diego State University's Entrepreneurial Management Center.

Chargers Find That Winning Just the Ticket for Selling Out '07 Season

Charger fever is bubbling over. While the number of fans viewing practices signals greater interest in the team this season, when it comes to the real measure of fan support, there's no substitute for the number of tickets sold. It's off the charts.

Accredited Sues Lone Star

Accredited Home Lenders Holding Co. said Aug. 13 that it filed suit against Lone Star Fund and two affiliates, seeking to force the Texas hedge fund to complete its $400 million acquisition of Accredited.

Faux Wood and Foam-Based Products Get the 'Green' Treatment

It's nice to fool Mother Nature. So say the folks toiling away at the Miramar Place warehouse of The PCF Group, a home-grown manufacturer of "faux" wood and stone products for residential and commercial uses.

San Diego Readies Return to Bond Market

Blocked from issuing municipal debt in the form of bonds for the past five years because of its ongoing financial problems, the city of San Diego says it is nearing the time when it gets its credit rating repaired and can borrow money at lower interest ra

Javo's Robust Revenues Spill Over Into '07 at Company's 5-Year Mark

Vista-based Javo Beverage Co. Inc., which supplies coffee- and tea-based beverages to the food-service industry, last month released its financials for the quarter, and six months ended June 30.

Navy's 'Garage' Cheaper Than a Local Ford Dealership

Navy's 'Garage' Cheaper Than a Local Ford Dealership

Health Benefits Firm Encourages Disease Prevention and Wellness

When American Specialty Health Inc. opened its doors in 1987, chiropractic, acupuncture, naturopathy and massage therapy were still considered alternative forms of health care.

San Diego City Taxpayers on the Hook for $27M in '05, '06 for Cost of Lawsuits

San Diego taxpayers spent $27 million on legal settlements, awards and outside counsel in 2005 and 2006, according to a report issued by California Citizens Against Lawsuit Abuse.

Federal Labor Board Ruling Could Impact Outcome of Gaylord's Bay Front Project

A recent National Labor Relations Board ruling could put the kibosh on project labor agreements, which are at the heart of a dispute threatening the $1 billion Gaylord Entertainment project in Chula Vista.

Liberty Station Project Model for Other Cities

Liberty Station, the former Naval Training Center San Diego, recently received national recognition as Community of the Year after the site was transformed from a shuttered base to a thriving mixed-use development in just 10 years.

Sony's Morita Made People Stop Laughing at 'Made in Japan' Product Labels

Sony's Morita Made People Stop Laughing at 'Made in Japan' Product Labels

Westfield Proposes $900 Million UTC Mall Upgrade

Westfield announced plans Aug. 9 for a $900 million remodel of its UTC mall in University City , the first major revitalization of the 30-year-old center in two decades.

Accredited Home Lenders' & #8201;Stock Teeter-Totters in Wake of News Events

The saga surrounding Accredited Home Lenders Holding Co. and its pending sale to a Texas hedge fund continues with investors jumping off and back on to the stock in record numbers.

Look for Union Label When Seeking Explanations for Gaylord Fiasco

Look for Union Label When Seeking Explanations for Gaylord Fiasco

Resignation in Qualcomm's Executive Suite

Wireless technology company Qualcomm Inc. said Aug. 13 that General Counsel and Executive Vice President Lou Lupin had resigned.

On-the-Go Beverage System Grabs National Exposure in 7-Elevens

The fortunes of Javo Beverage Co. Inc. got a major caffeine jolt , figuratively speaking , when the Vista-based manufacturer of coffee- and tea-based dispensed drinks sealed an expansion deal with 7-Eleven.

Industry Sources Say La Jolla's La Valencia, Rancho Santa Fe Hotel to Go on the Block

The historic La Valencia Hotel in the tony community of La Jolla is going on the block, according to industry insiders.

Week in Review

Top Business News: Aug. 3 - 9, 2007

Partnership Academies Offer Education That Is Both Invigorating, Engaging

Partnership Academies Offer Education That Is Both Invigorating, Engaging

Opus West Signs Up First Tenant at Its Corporate Center in Carlsbad

Progress Report: Opus West Corp. has completed construction of the 103,500-square-foot, two-story Opus Point Corporate Center office building located in Carlsbad.

'Wilbur' Creators Discover Difficulties of Finding the Right Channel

"Wilbur" has definitely made it to the big-time, but his rise to fame, if not fortune, has a few parallels with that of your average music icon.

Tri-City Medical Offering to Help Nurse Applicants With Refresher Courses

As one way to address the nursing shortage in San Diego County, Tri-City Medical Center will offer to pay half of a refresher course at Cal State San Marcos for registered nurses interested in pursuing jobs with Tri-City.

Sales and Leases

Sales and Leases: Ledcor Properties Inc. purchased the 38,000-square-foot Courtyard II office building located at 6405 Mira Mesa Blvd. in Mira Mesa for $9.4 million from GLB Courtyard LLC.

Javo Beverage Heats Up Market With Bag-and-Box System

Europe is a hot market for coffee, but the United States is pretty cool, too , in a literal sense , for Vista-based Javo Beverage Co. Inc.


Business Events , Aug. 14 - 20

New Municipal Golf Course in Carlsbad Breathtaking Experience for Duffers

I had my best experience ever in my life on a golf course Aug. 6.

Rising Foreclosures Chill an Already Cooled Home-Buying Market

Home sales are down and foreclosures are up, according to reports released late last month by the California Association of Realtors and La Jolla-based DataQuick Information Systems.

Regional Roundup

Leading off this week's compilation of news from around San Diego County: Encinitas saw a 2.6 percent decline in first-quarter sales tax receipts to $62,987.

Grand Sculptures to Complement Sapphire Tower Residential High-Rise

Developers of Sapphire Tower are building more than just a residential high-rise in Little Italy. Newport Beach-based Centurion Partners unveiled plans in late July at the Museum of Contemporary Art San Diego to install two large-scale public art sculptur

Nonprofit Profile , San Diego Rescue Mission

A talk with Herb Johnson, president and chief executive officer, San Diego Rescue Mission

Friday, August 10

Manufacturers Optimistic About Future, National Survey Says

The National Association of Manufacturers/Industry Week business outlook survey of companies for the second quarter of 2007 indicates a rising positive outlook for the next 12 months.

Accredited Shares Make a Big Gain

Accredited Home Lenders Holding Co. said Aug. 10 that it has received regulatory approvals to satisfy one of the primary conditions before it can complete its sale to Lone Star Fund, a Dallas-based hedge fund.

Flavor-Maker Senomyx Takes Smaller Loss

Senomyx Inc., a San Diego-based company that develops alternative flavor ingredients, reported financial results Aug. 9 for the second quarter ended June 30.

Nascent Eyes Another Acquisition

Nascent Wine Co. Inc., a large distributor of imported products in Mexico, said Aug. 9 that it signed a letter of intent to acquire Bodegas Herlomex S.A. de C.V., a Baja California bakery distribution company.

Connect Awards Deadline Approaches

The nomination deadline for Connect's annual Most Innovative New Product Awards is Aug. 31.

Jazzercise Founder Earns National Honor

Judi Sheppard Missett, founder, president and chief executive officer of dance-fitness company Jazzercise, received one of the inaugural Lifetime Achievement Awards from the President's Council on Physical Fitness and Sports.

Thursday, August 9

Private Equity Fund Seeks Stake in Silvergate Capital

Community Bank Investors of America, a private equity fund, entered into an agreement with La Jolla-based Silvergate Capital Corp. to purchase a 9.9 percent equity stake in Silvergate, the fund announced Aug. 9.

Defense Bill Contains $11.5M for Local Projects

Rep. Susan Davis, D-San Diego, said Aug. 7 that she has secured $11.5 million for local businesses and organizations through the 2008 defense appropriations bill, HR 3222.

Qualcomm Must Pay Attorney Fees

A federal judge Aug. 6 ordered Qualcomm Inc. to pay attorney fees and related expenses for rival Broadcom Corp. following a trial regarding two patents.

SGIS Nets FBI Work

San Diego-based SGIS has received a contract to modernize the FBI's Automated Messaging System.

Going Up: Pauma Offers Details of Proposed Resort, Casino

The Pauma Band of Mission Indians this week offered a glimpse of the $300 million casino-resort project it would like to build on its reservation in Pauma Valley.

Bajagua Project Receives Mexican Property Concession

Bajagua LLC said Aug. 9 it received a legal notice from the government of Mexico to construct a sewage treatment facility near Tijuana.

Seeking Growth, Torrey Pines Bank Hires Advisor

Torrey Pines Bank said Aug. 9 it hired Stu McFarland as an executive advisor.

Westfield Proposes $900M UTC Mall Upgrade

Westfield is announcing plans Aug. 9 for a $900 million remodel of its UTC mall in University City , the first major revitalization of the 30-year-old shopping center in two decades.

Wednesday, August 8

San Diego Trust Plans Encinitas Expansion

San Diego Trust Bank said Aug. 8 that it will open a full-service banking office in Encinitas next month.

Leap Wireless Shares Decline

Shares of Leap Wireless International Inc., parent to flat-rate wireless carrier Cricket, fell by about 20 percent after the San Diego company released its second-quarter results Aug. 7 that included fewer customer additions than analysts had anticipated.

Jack in the Box Sales Hit $680M

Jack in the Box Inc., a San Diego-based quick service restaurant chain, announced earnings Aug. 8. Net revenue for the quarter ended July 8 was $680 million with a net profit of $34.7 million.

Gaylord Proposal Still Has Public Agencies Talking

Gaylord Entertainment said it is interested in resuming discussions with both the Port of San Diego and the city of Chula Vista about its $1 billion hotel/convention center project on Chula Vista's bay front.

Jack in the Box Eyes Stock Split

Jack in the Box Inc., a quick-service restaurant chain, said Aug. 7 that it plans a 2-for-1 stock split.

Sprawling Ruffin Road Warehouse Brings $77 Million

Cushman & Wakefield announced on Aug. 8 that First Industrial Realty Trust has purchased a 424,800-square-foot warehouse and distribution facility located at 4000 Ruffin Road in Kearny Mesa for $77 million.

Tuesday, August 7

SAIC Airship Gets Federal Government's OK

SAIC of San Diego has received Federal Aviation Administration experimental approval for its Skybus 30K airship, the company said Aug. 6.

Silvergate Bank Names Chief Executive

Silvergate Bank, based in La Jolla and operating under a cease and desist order since last year, said the bank has a new chief executive, Anthony J. Feraro. Feraro took the post July 23 following approval by federal regulators.

Epsilon Receives $5.5M in Submarine Work

Epsilon Systems Solutions Inc., a San Diego-based government contractor, said Aug. 6 that it received a $5.5 million contract to support submarine launcher programs for the Naval Undersea Warfare Center, based in Newport, R.I.

Workshop Sheds Light on Torch Award Process

The San Diego Better Business Bureau is putting out a last call for its Torch Award preparation workshops. This year's final workshop is set to start at noon on Aug. 8. Lunch will be served and reservations are requested.

White House Says Qualcomm Chip Ban Stays

The White House has decided to let a federal agency's ban on Qualcomm chips stand.

Oceanside Coca-Cola Workers Vote for Teamsters Representation

Workers at Coca-Cola Enterprises' Oceanside facility voted for Teamsters union representation in an Aug. 3 election overseen by the National Labor Relations Board.

Mitek Systems Announces Earnings

Mitek Systems Inc., a San Diego-based company providing image analytics software, has announced financial results for the third quarter of fiscal 2007, which ended June 30.

SYS Technologies Deal Could Reach $17M

Information technology contractor SYS Technologies Inc. said Aug. 7 that it received a contract from the Naval Facilities Engineering Command worth $3.2 million in the first year.

Seacoast Commerce Bank Ties Losses to Strategic Initiatives

Seacoast Commerce Bank, based in Chula Vista, reported a net loss of $105,591 for the second quarter compared with a net profit of $83,584 for the quarter ended June 30, 2006.

Monday, August 6

Mothers Mentoring Group's First Meeting Attracts More Than 180

If necessity is indeed the mother of invention, that might explain the creation of the Mother Attorney's Mentoring Association of San Diego , also known as "Mamas."

Newspapers Today Still Count for a Great Deal

Newspapers Today Still Count for a Great Deal

Entrepreneur Profile , Les Kollegian

While Les Kollegian was preparing for job interviews, he created a Web site that showcased his design portfolio. Before he knew it, the clients "started to pour in," and the Jacob Tyler Creative Group was born.

Opt-In Project Offers Number of Solutions for Retaining Legal Talent

A few statistics from the recently released Opt-In Project by the international law firm of Heller Ehrman LLP.

San Diego People

Key Hires and Promotions. Executive Spotlight: Ron Withall

Anadys Axes Lead Candidate for Hepatitis, Cuts Third of Work Force

Anadys Pharmaceuticals Inc. has axed its lead drug candidate for hepatitis C and a third of its employees, but that's not a "death sentence" for the company, say analysts and company executives.

SEC Amends Petco Insider Trading Complaint

The Securities and Exchange Commission amended a complaint charging a British options trader with insider trading of options and profiting to the tune of $3 million on the sale of Petco Animal Supplies last year, the SEC said Aug. 3.

More Law Firms Starting to Offer Flexible Work Arrangements

You are a bright, talented and ambitious woman, busy climbing the ladder at your law firm, trying to grab that brass ring. But then life happens , you get married, a child is born, a parent gets sick , and the pressure starts to build. So, are you in or a

$25M Upgrade to Help Rancho Bernardo Inn's Guests Relax in Style

The 287-room Rancho Bernardo Inn, a 4-star hotel for the past 18 years, recently announced the completion of $25 million worth of capital improvements.

Impact of Diversity on Judicial Selection One Session on Agenda At Law Conference

Retired U.S. Supreme Court Justice Sandra Day O'Connor is scheduled to be the keynote speaker at the Southwest Regional Conference of the National Association of Women Judges.

Don't Rebuild Women's Jail at Current Site, Argue Santee Officials

There is a desperate need to replace Las Colinas Detention Facility, the county women's detention facility, in Santee. Yet businesses and city officials said land adjacent to the existing jail, the site of a proposed expansion, is much too valuable.

Gaylord May Still Move Ahead on $1B Chula Vista Hotel/Convention Center

Local labor leaders dismissed a proposal by Gaylord Entertainment on a $1 billion Chula Vista hotel/convention center project last week. But some observers say the Tennessee-based developer may still move ahead with plans.

Agency Trying to Get $650M Airport Project Off the Ground

Constrained on all sides, the single-runway Lindbergh Field has seen passenger traffic grow to the point that it needs at least two more gates to handle it.

Regional Roundup

Leading off this week's compilation of news from around San Diego County: Opper Sports Productions launches its iTunes-compatible surf video Web site.

Organics Unlimited's Sales Explode 600% in First 3 Years of Operation

The organic food industry has gone through a lot of changes since Mayra Velazquez de Leon worked at her father's organic importing business as a teenager.

Diesel Emissions Regs to Present Huge Costs

New emissions rules will have a devastating impact on the construction industry, forcing increased construction costs, possible job losses and business closures, say local builders.

New York Stage Experience Puts Executive Coach's Clients Front and Center

"Business is theater" is the mantra of executive coach and image consultant Laura Darius.

General Atomics Provides Extreme Makeover for Predator Station

General Atomics Aeronautical Systems Inc., the Rancho Bernardo defense contractor that makes the Predator and its variants, has been working to upgrade the aircraft's ground control station for a year, all on its own dime.

Industry Trade Mag Ranks Sharp, UCSD Among Nation's 100 'Most Wired'

Two San Diego County hospital systems rank among the 100 "Most Wired" in the country, according to the American Hospital Association. But only one was ranked among the top 25 "Most Wireless."

BMW M Coupe Ready for Action on James Bond Set

If you're the Hollywood producer of the next James Bond epic, here's a thought: You've got to put the 2007 BMW M Coupe on your short list for the next Bond car. It's sexy, agile and has power to burn.

Humane Society, SPCA to Recognize Boone and Madeleine Pickens

San Diego Humane Society and SPCA's 21st annual Fur Ball will be held Aug. 25 at the Humane Society's San Diego Campus for Animal Care.

Earnings Decline Slightly for Pacific Trust Bank Parent

FirstPacTrust Bancorp, the Chula Vista holding company of Pacific Trust Bank, reported second quarter net income of $800,000, down from $1.1 million in the like period of 2006.

Merck & Co. Picks Up NovaCardia for $350 Million in Stock

Pharmaceutical giant Merck & Co. Inc. acquired San Diego heart disease company NovaCardia Inc. on July 25 for $350 million before the local company completed its announced initial public offering.

Entropic Files Notice That It May Issue Up to $100M in Common Stock

Entropic Communications, a maker of semiconductors used in connecting home entertainment systems, has been busy this year. Things should get considerably busier for the 6-year old startup as it plans to go public.

Nonprofit Profile , Rescue Task Force

A talk with Gary Becks, president and founder of Rescue Task Force.

North Chamber's Legislative Advocate No Grad of Famous Law School

He's originally from a small burg in Canada and he never attended a class at a law school, but David Gettis managed to become an attorney of Roth Law Firm as well as win an award for local politics.

Smith Consulting Architects Finalizes Construction Docs for Abrams Westview Plaza

Progress Report: Smith Consulting Architects has finalized construction documents for Abrams Westview Plaza, a 96,500-square-foot office building in Scripps Ranch.

Sales and Leases

Sales and Leases: Cruzan | Monroe Purchases R & D;/flex Building in Carlsbad for $6.2M

Executive Profile , Dan Feder

Dan Feder knew he wanted to be a business owner long before he became one.

Legal Culture Still White Male, Traditional, Observes Author of New Book

"It's Harder in Heels: Essays by Women Lawyers Achieving Work-Life Balance" is a book that chronicles the joys and struggles of trying to find balance in a demanding profession. It covers everything from glass ceilings to the "maternal wall."

San Diego on $7,000 a Night or $200 a Day

San Diego's hotel room rates average $137 per day, but you could spend $7,000 if you really tried. Here's how.


'Three Strikes' Law: Why Not Come Up With an Alternative?

Sperry Van Ness Adds 17 Advisers From Former GVA IPC Offices in San Diego

Irvine-based Sperry Van Ness expanded its commercial real estate team in San Diego with the addition of 17 advisers from GVA IPC, which closed its local offices on Aug. 1.

It's Summertime, and Finding Lodging Is Not So Easy

Like a racehorse that lags behind the pack then suddenly dashes to the finish line, San Diego's lodging industry appears to be doing its usual thing this summer , gaining steam to make up for winter shortfalls.

Friday, August 3

Petco Opts for 'Brutally Simple' Ad Campaign

Petco Animal Supplies Inc. is launching a set of new M & C; Saatchi-created TV commercials.

Accredited Shares Have Some Bounce

Shares of Accredited Home Lenders Holding Co., a San Diego subprime lender, rebounded a bit by midday on Aug. 3 to $6.28, up 97 cents. The day before, its Nasdaq stock dropped 35 percent to close at $5.31 after the company released its 2006 annual report.

CryoCor Gains Pre-Market Approval for Cardiac Treatment

CryoCor Inc., a San Diego-based medical device company, said Aug. 2 that it has received U.S. Food and Drug Administration pre-market approval for one of its cardiac systems treating right atrial flutter.

Iomega Revenue in the $60M Range

Iomega Corp., a San Diego-based storage and network security company, reported net revenue of $59.3 million for the quarter ended July 1, and a net profit of $1.1 million. The company reported financial results Aug. 2.

Visual Sciences Posts Loss

Visual Sciences Inc., a San Diego-based Web analytics company, said Aug. 2 that it had a net loss of $200,000 on revenue of $19.7 million during the second quarter.

Thursday, August 2

Ledcor to Put Down Roots in Sorrento Mesa

Grubb & Ellis|BRE Commercial announced on Aug. 2 the $9.3 million sale of the Courtyard II building on Mira Mesa Boulevard and Steadman Street in Sorrento Mesa.

Ophthonix Co-founder Leaves Company

After seven years as chairman of the board and chief technology officer, Ophthonix co-founder Andreas Dreher said on Aug. 1 that he has decided to step down.

Ward's Honors Geico, Once Again

Geico, the auto insurer based in Washington, D.C. with a regional office in San Diego, was named to Ward's 50 Benchmark Group.

High-End Home Sales on the Rise, Prudential Says

Prudential California Realty said Aug. 1 that high-end home sales have increased 48 percent in the first half of 2007 versus the first half of 2006. Prudential defines high-end homes as homes selling for more than $5 million.

Market Growth Drives DJO Net Income Higher

DJO Inc., the Vista-based maker of orthopedic rehabilitation devices, reported second-quarter net income of $5.4 million on revenue of $120.2 million.

Sempra Energy Posts Net Income of $277M

Sempra Energy posted earnings on Aug. 2, reporting net income of $277 million on revenue of $2.7 billion for the quarter ended June 30.

Pala Casino's Developer Leaving North County Venue

Jerry Turk, developer and chief executive officer of the Pala Casino Spa and Resort, has decided not to renew his contract, the Pala Band of Mission Indians said Aug. 1.

Contest Winnings Put Small Business Owner's Project on Track

A North County small business owner is pushing ahead with a cutting-edge building project, thanks to an unexpected infusion of funds.

Wednesday, August 1

Labor Leaders Say They're Giving Up on Gaylord

A group of local labor leaders said Aug. 1 that they are giving up trying to broker an agreement with Gaylord Entertainment on a proposed $1 billion convention center and hotel in Chula Vista.

Index Finds San Diego Economy Stumbling

San Diego's economy continued to falter in June, falling 0.7 percent, the largest decline since May 2006, according to the latest University of San Diego Index of Leading Economic Indicators for San Diego County. Takes to the Road

Coach USA subsidiary said it will begin express intercity travel to and from San Diego.

Bressi Ranch Office Buildings Financed

Urban West announced Aug. 1 that it had secured $36 million in financing to develop an office building project at Gateway Road and Innovation Way in Carlsbad.