Stories for April 2012

Monday, April 30

Hologic to Buy Gen-Probe for $3.7B

San Diego-based Gen-Probe Inc., which develops and manufactures molecular diagnostic products and services used primarily to diagnose diseases, screen blood and ensure transplant compatibility, is being acquired by Hologic Inc. in a $3.7 billion deal.

Mayoral Candidates Tout Plans, Trade Jabs

Three of the four top candidates for San Diego mayor gave their views on issues at a forum April 26 at Bridgepoint Education Inc.’s headquarters, sponsored by the San Diego Regional Chamber of Commerce.

Verizon Extends 4G LTE to North County Customers

Verizon Wireless recently expanded its fourth-generation Long Term Evolution network (4G LTE) to several North County communities, including Oceanside, San Marcos, Vista, San Luis Rey and Bonsall.

$50 Million Makeover

TOURISM: Hotels Find Time Is Right for Major Renovations

Manchester Grand Hyatt San Diego, the region’s largest hotel by room count, has embarked on a $50 million renovation of its guest rooms and public spaces, joining a growing roster of local properties sprucing up to stay competitive in a rebounding hospitality economy.

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Higgs Fletcher Mack Rebrands Law Practice

LAW: Firm to Reflect Cutting Edge Practice, Younger Lawyers

Higgs Fletcher Mack takes on a new look today, launching a “re-branding” campaign designed to highlight what has made the San Diego law firm one of the more successful practices for 60 years and younger management.

Qualcomm Keeps On Trucking

LOGISTICS: Tracking Data Enhances Safety, Saves Fuel

Big-rig trucks have a unique place in Qualcomm Inc.’s history.

Courtyard Hotel in Carlsbad Completes Lobby Renovation

Courtyard by Marriott in Carlsbad has completed an extensive lobby renovation, including reconfiguration of registration, seating and dining areas.

Qualcomm a Strong Draw for Tech Biz

REAL ESTATE: Leasing Deals Boost Giant’s Large Sorrento Mesa Footprint

Wireless tech giant Qualcomm Inc. entered into leasing deals during the month of April that will expand its already large Sorrento Mesa real estate footprint by another 200,000 square feet.

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Digitaria Adds Territory and Talent

MARKETING: Midwest Expansion Brings Big Client

Advertising giant JWT has placed its 60-employee Minneapolis office under the umbrella of Digitaria Interactive Inc. — the San Diego-based digital media subsidiary of JWT.

Left Vs. Right Is a Battle in Which We All Lose

Tipping points that change the status quo can come when you least expect it — often without design or premeditation.

Use Creativity to Find Transportation Solutions

Our regional policymakers have to do a reality check on our transportation options.

Devotion to San Diego Opera Garners a Great Recognition

San Diego Opera has named Faye Wilson a “Life Director” of the opera.

Nassco Starts Work on 2nd Mobile Landing Platform

General Dynamics Nassco recently began construction of a second mobile landing platform in its Barrio Logan shipyard.

Executive Profile: Igancio De La Torre

Ignacio De La Torre is regional vice president for AT&T External Affairs.

Regional Report

News and notes from communities around San Diego County

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Real Estate Roundup

Projects, developments and other activity in cities in and around San Diego County

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Local Brokers Optimistic That Market is at Bottom

REAL ESTATE: Lack Of Inventory Favors Sellers; Credit Still Tight

A couple of recent housing reports provide optimism about the state of San Diego’s market, and suggest that the bottom has been reached.

Executive Profile: Rick Hoffman

Rick Hoffman is president and chief operating officer for Coldwell Banker Residential Brokerage’s San Diego County and Temecula Valley region.

Home And ‘Away From Home’ Come Together in Mixed-Use

REAL ESTATE: Residents Find Both Community And Retail Convenience

The combination of lack of land and local planners’ focus on creating housing closer to jobs is driving the development of more mixed-use, residential projects, say local building industry sources.

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Bank in Good Position for Serving Mexico, U.S.

BANKING: Banamex Opens Second Local Branch, in Otay Mesa

With a name that contains elements of two neighboring nations, Banamex USA is clearly reaching out to businesses and individuals on both sides of the border.

Hoteliers OK Assessment to Fund Center Expansion

San Diego hoteliers have approved an assessment district intended to provide the bulk of funding for a planned expansion of San Diego Convention Center, city officials announced.

Internet Ballot Firm Reports Good Results

Everyone Counts Inc. reports that its Internet-based ballot delivery system is producing good results for its Cook County client in Illinois.

Knowledge Is Staying Power in Property Management Field

REAL ESTATE: Firms’ Reputations and Results Are Their Calling Cards

Residential property management is a complex and wide-ranging occupation.

UC Researchers Identify Genetic Malfunctions Related to Autism

MEDICINE: Likely Cause of Abnormal Brain Development Identified

Scientists at the UC San Diego School of Medicine are the first research group in the nation to identify sets of genes whose malfunctioning before birth prevents an autistic child’s brain from developing normally.

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AstraZeneca to Acquire Biotech In $1.26B Deal

AstraZeneca has agreed to buy San Diego-based biotech Ardea Inc. in a $1.26 billion deal.

Local Life Sciences Firms Draw the Cash in 1st Quarter

FINANCE: Investment Increases Locally, While Declining Nationally

Sapphire Energy Inc., Celladon Corp. and Aragon Pharmaceuticals took the lion’s share of local venture capital in a first quarter of an investment cycle that favored the life sciences.

Get That Resume in Working Order for A Unique Job Fair

It’s that time of the year when college grads are scrambling for those hard-to-find jobs. Several local campuses are rising to the occasion.

Firm Pursues U.S. Development of Japanese Drugs

MEDICINE: MediciNova Plans to Expand Markets And Uses for Substances

It’s rare for the Japanese to develop drug compounds outside their country due to differences in regulatory standards, guidelines and culture.

Companies Are ‘Making the Move’ in Industrial Market

REAL ESTATE: Big, And Small Firms Are In the Hunt for Space

San Diego County’s industrial real estate market started 2012 by posting a vacancy rate of 10.8 percent — a level not seen since the first quarter of 2009, marking the fourth consecutive quarter of vacancy declines amid the sector’s continuing recovery, the brokerage firm Cassidy Turley BRE Commercial recently reported.

Sotera’s Patient Monitoring Device Receives FDA Clearance

MEDICINE: Wireless Technology Promotes Various Uses, Mobility

Hospitals are getting a new tool for monitoring vital signs continuously now that the FDA has given 510(k) clearance for San Diego-based Sotera Wireless Inc.’s ViSi Mobile System.

ColRich Sees Multifamily Opportunities in the South County

DEVELOPMENT: Work Begins on Two Locations Near Training Center Site

The U.S. Olympic Training Center in Chula Vista will soon be getting a high-profile neighbor, with work now under way on a total of 427 apartments being developed by a partnership of locally based ColRich and Resmark Apartment Living of Los Angeles.

Friday, April 27

Airport’s Green Build Reaches Halfway Point

Lindbergh Field’s $1 billion Green Build improvement project, which adds 10 gates to the far western Terminal 2 along with a new dual roadway, is about halfway to completion.

Realty Income Sees Revenue Rise in First Quarter

Realty Income Corp. saw its revenue rise 17.9 percent from a year ago in its recently completed first quarter, with funds from operations up 6.9 percent, the Escondido-based real estate investment firm reported April 26.

City Reports Increase in Credit Rating

The city of San Diego saw its credit rating bumped up two notches by Standard & Poor’s to AA- from A, an event that Mayor Jerry Sanders cited on April 25 as another sign that the city’s financial health has turned around.

Mushroom Networks Puts New Electronics on Market

Mushroom Networks Inc. has unveiled Streamer PRO, an electronic device for streaming video via multiple 3G and 4G broadband connections.

Thursday, April 26

Hines Breaks Ground on UTC Office Tower

International real estate investment and development firm Hines has begun construction on a 13-story office tower in San Diego’s University Towne Center submarket, to be occupied by the financial services firm LPL Financial.

Marshall Edwards Receives Additional U.S. Patent

A patent covering one of San Diego-based Marshall Edwards Inc.’s lead cancer drug candidates has been issued by the U.S. Patent and Trademark Office.

Cymer Turns in Net Income of $21.5M

Cymer Inc., the San Diego based maker of lasers used during the process of manufacturing semiconductors, reported first quarter net income of $21.5 million, down from the $28.8 million in net income reported in the first quarter of 2011.

Leap Wireless Posts Quarterly Revenue of $774M

Leap Wireless International Inc., the San Diego-based flat-rate cell phone service marketed under the Cricket brand, reported higher revenue and total customers, but higher net losses as well in its first quarter compared with the same quarter of last year.

Wednesday, April 25

Hoteliers Approve Convention Center Financing Plan

San Diego hoteliers have approved an assessment district intended to provide the bulk of funding for a planned expansion of San Diego Convention Center, city officials announced April 24.

Everyone Counts Speeds Overseas Vote

Everyone Counts Inc. reports that its Internet-based ballot delivery system is producing good results for one of its clients, Cook County in Illinois.

First PacTrust to Issue Senior Notes at 7.5 Percent

First PacTrust Bancorp Inc., parent of PacTrust Bank, set the pricing on $33 million in senior notes due April 2020 at 7.5 percent, the company announced on April 18.

Carlsbad Hotel Makes TripAdvisor Top 25

West Inn & Suites in Carlsbad has been chosen by the travel website TripAdvisor as one of the top 25 small U.S. hotels for families.

Bank to Donate Home to Purple Heart Recipient

Bank of America, with about 74 offices in San Diego County, in partnership with Military Warriors Support Foundation, plans to donate a home in Spring Valley to a wounded former U.S. Army sergeant on April 27, the bank said April 23.

Tuesday, April 24

AstraZeneca to Acquire Local Biotech for $1.26B

AstraZeneca has agreed to buy San Diego-based biotech Ardea Biosciences in a $1.26 billion deal announced April 23.

San Diego Firm Buys La Mesa Condos for $25.5M

R&V Management Corp. of San Diego has purchased 143 condominium units at Adagio in La Mesa for $25.5 million.

Kratos Deal Opens Door to Air Force Work

Kratos Defense & Security Solutions Inc. said April 23 that it is part of a team led by Massachusetts-based Dynamics Research Corp. that will compete for engineering jobs for the U.S. Air Force under a five-year contract vehicle.

D.C. Firms Buys Local Care Facility for $9.5 Million

Capitol Seniors Housing of Washington, D.C., has purchased Garden Park Villas, an assisted-living care community in Escondido.

Monday, April 23

Local Unemployment Rate Up Slightly

San Diego’s unemployment rate rose to 9.5 percent in March, compared with a revised 9.4 percent in February, according to the state’s Employment Development Department report April 20.

24 Hour Fitness Opens New San Diego Location

24 Hour Fitness has opened a new 67,000-square-foot “Super-Sport” club at 7715 Balboa Ave. in San Diego.

Kyocera Communications Wins Recycling Award

The recycling efforts of San Diego-based wireless phone provider Kyocera Communications Inc. are being recognized this month with a Director’s Recycling Award from the City of San Diego’s Environmental Services Department.

TurboTax Reports Increase in Sales

TurboTax, the San Diego-based unit of Intuit Inc. that makes software to file federal and state income taxes, said recently that sales are up by more than 1 million copies from last year.

After 14-Year Adventure, Poseidon Getting Close to Building Plant

WATER: Desalination Project Would Deliver 50M Gallons Per Day

Poseidon Resources’ prospects for building a desalination plant in Carlsbad are moving into the home stretch, with a draft water purchase agreement on the table with the San Diego County Water Authority.

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Locating the Top Job Candidates

Advertorial: Information Technology Awards Supplement

Robert Half Technology is a leading provider of IT professionals on a project and full-time basis.

The Commerce of Catering

Advertorial: Information Technology Awards Supplement

Commerce can be defined as the sharing of ideas, attitudes and social relations.

Profile: SDG&E

Advertorial: Going Green Supplement

For people in San Diego and South Orange Counties, San Diego Gas & Electric® (SDG&E®) is known for keeping the lights on. But what else do we do?

Profile: MRC – Smart Technology Solutions

Advertorial: Going Green Supplement

We are one of California’s largest technology and services consulting firms specializing in workflow solutions and office systems.

Volunteers Put Muscle Into Makeover for the Environment

In celebration of Earth Month, I Love A Clean San Diego is engaging 5,000 volunteers in their annual Creek to Bay Cleanup on April 28

Sempra to Build Natural Gas Facility

Sempra Energy, parent company of San Diego Gas & Electric Co., said recently that one of its units, Cameron LNG, entered into agreements with Japan’s Mitsubishi Corp. and Mitsui & Co. Ltd. to develop and build a liquid natural gas export facility in Hackberry, La.

Companies Help Region Become Energy Star

CONSTRUCTION: Area Ranks 9th for LEED Commercial Projects

Glenborough LLC, which owns the 15-story Aventine office building in San Diego’s University Towne Center neighborhood, has undertaken major energy-efficiency overhauls to cut operating costs, attract new tenants and keep existing ones on board.

Military Advances Uses of Clean Technology

DEFENSE: Participation Helps Green Industries And Reduces Pollutants

An ambitious experiment with alternative fuels is a way for the U.S. military to break free of “the tyranny of energy supplies.”

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Tap the Experts for Information on Our Water Situation

Will our future economy be green or brown? The San Diego County Water Authority — with the East County Economic Development Council and San Diego Law Library — has set May 1 for a forum on future water supplies, especially those coming from the Colorado River.

Volunteers Put Muscle Into Makeover for the Environment

In celebration of Earth Month, I Love A Clean San Diego is engaging 5,000 volunteers in their annual Creek to Bay Cleanup on April 28.

Environmental Firms Seek Balance Between Progress, Preservation

ENGINEERING: Encinitas’ Dudek Ranks No. 1 on Business Journal’s List

Urbanization is affecting the abundance and balance of the Earth’s fragile ecosystems

Nonprofit Profile: James Waring

CleanTECH San Diego was built on the premise that as resources decrease relative to demand and population increases, societies will have to do more with less.

Clean-Tech Locations Are All Over the Map

REAL ESTATE: Cluster ‘Crown’ Still Up for Grabs

Large renewable-energy firms such as Soitec Solar Inc. and wind technology provider enXco have recently set up significant operations in northeastern San Diego.

Builders: Subsidies Not Needed for Survival

SOLAR: Lack of Government Aid a Dark Cloud, Execs Admit

Government subsidy programs aimed at increasing the building of renewable energy projects may have ended, but several local solar power system builders say that won’t stop them from growing.

Share My Ride

TRANSPORTATION: Car2Go Brings Unique, Electric Fleet to San Diego

In its short history, car2go has taken its concept of sharing very small cars to a dozen cities in Europe and North America.

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Fired Up: S.D. Can Become Solar City

CLEAN-TECH: 800 Firms in Sector; Region Well-Positioned

Critics and skeptical observers of the entire spectrum of clean-technology businesses argue that the sector cannot exist without significant government investment (some use the word subsidies), the return on which is too often non-existent (can you say Solyndra LLC).

Key Ingredient in Biofuels: Money

ENERGY: Investors and Customers Back Products

Biofuels producer Sapphire Energy Inc. and distributor Pearson Fuels are gaining traction as alternative sources of fuels catch on at the pump and with investors.

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Region Can Be a Powerhouse in ‘New Energy Era’

Change is rarely easy, and change on a huge scale can seem unattainable. Public and private sector leaders worldwide are recognizing that our historical patterns of resource and energy use are unsustainable as human populations continue to grow.

Regional Report

News and notes from communities around San Diego County

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City Honors Grand Del Mar For Recycling

The Grand Del Mar resort in Carmel Valley has been named Recycler of the Year, in an annual awards program presented by the City of San Diego.

For Some, Green Means More Than Billable Hours

As a contemporary philosopher once said, “It’s not easy being green.

Firms Look to Clean Up Your Act With Products, Services

GREEN: Sustainability Is Goal; Consumers Given Options to Get There

San Diego County companies are playing a growing role in national efforts to keep trash out of crowded landfills, whether it’s high-tech mobile devices or low-tech plastic grocery bags.

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Wind Farms See the East County as Good Place to Turn a Profit

ENERGY: Area One of the Best in U.S. for Developing Renewable Resources

Global wind energy companies such as Iberdrola Renewables and Invenergy are gravitating to San Diego’s East County, where there’s fertile ground for developing wind farms.

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Solar Energy Companies Report Growth in Revenue, Head Count

ENERGY: Availability of Financing Tools Helps Industry Grow, CEO Says

Growth at San Diego-based Sullivan Solar Power is reflective of the healthy climate solar energy is experiencing in the region, according to companies in the industry.

Officials: Energy Efficient Systems Save Homeowners Some Green

CONSTRUCTION: Builder Says Features Give Folks Another Reason to Buy

Scot Sandstrom is building new homes in North County with the latest energy efficient heating and cooling systems that may cost a bit more, but are designed to save buyers considerable sums down the road.

Sempra Spending $2 Billion Developing Renewable Power Plants

ENERGY: Company Aims To Meet California Requirement By 2020

Sempra Energy continues working on a number of fronts to increase its generation of power derived from renewable sources.

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Moving Picture: Bigger Role Is Seen for Mass Transit

TRANSIT: Transportation Plan Allocates Billions of Dollars to Systems, Roads

Regional transit planners and officials say they aim to make San Diego’s mass transit system, which features some of the most modern trolleys and buses in the world, more convenient and dependable.

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Firms Create Unconventional Eco-Friendly Construction Materials

BUILDING: From Castor Oil Based Foam To Concrete and Glass

Demand among property owners and governments for sustainable and energy-efficient buildings are raising the profile of companies that turn unconventional ingredients into cutting-edge, eco-friendly construction materials.

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Friday, April 20

Harper Gets $20.7M Army Construction Contract in Oklahoma

Harper Construction Co. Inc. of San Diego has been awarded a contract of more than $20.7 million to build a mission command training center at the U.S. Army’s Fort Sill in Oklahoma.

Darden Bringing Seasons 52 Restaurant to Westfield UTC

Florida-based Darden Restaurants Inc. plans to open its first local location of Seasons 52, an upscale fresh-grill and wine bar restaurant, in spring 2013 at Westfield UTC in San Diego.

International Tourism Leaders to Make Local Stops

San Diego County attractions will be on the itinerary when travel industry leaders from China, France, Argentina and 12 other countries come to California for a familiarization tour being organized by Visit California.

With Lease Expiring, Wells Fargo Closes Supermarket Branch

Wells Fargo Bank said it closed its branch inside Ralphs Supermarket at Montezuma Road and 67th Street on April 14 and is consolidating it into a stand-alone branch a half-mile away.

Thursday, April 19

New Retailers Joining Westfield Parkway Mall Roster

Four new stores, including discount housewares seller HomeGoods, are scheduled to join the lineup this year at the Westfield Parkway shopping center in El Cajon.

UCSD Medical Center Among Nation’s Top 100 Hospitals, Report Says

UC San Diego Medical Center in Hillcrest is being recognized as one of the top 100 hospitals in the U.S. in a Thomson Reuters report released April 16.

City Honors Grand Del Mar for Recycling

The Grand Del Mar resort in Carmel Valley has been named Recycler of the Year, in an annual awards program presented by the City of San Diego.

Local College Football Bowl Game Schedule to Kick Off Dec. 20

The San Diego Bowl Game Association set the dates for this year’s two local postseason college football games.

Wednesday, April 18

Developers Team Up on Eastlake Apartment Communities

Resmark Apartment Living, a division of The Resmark Cos. private equity firm, has entered into an agreement with San Diego developer ColRich to develop two apartment communities in Eastlake, totaling 427 units.

Entropic Communications Completes $65M Acquisition

Entropic Communications, a San Diego maker of software and hardware for home entertainment networks, said April 12 that it completed its $65 million acquisition of Trident Microsystems’ television set top unit.

MBA Students Populate Virtual World With $1.7M Grant

The business school experience heads into cyberspace as part of an ambitious partnership between the UC San Diego Rady School of Management and Coronado-based management consulting firm Rembisz & Associates.

Biopharmaceutical Company’s Purchase Complements Its Acquisition of Local Biotech

Specialty biopharmaceutical company Shire plc of Dublin recently acquired Cambridge, Mass.-based Pervasis Therapeutics in a strategic alliance that builds on Shire’s acquisition of La Jolla biotech Advanced BioHealing last year.

Tuesday, April 17

Sorrento Office Complex Sold for $152.5 Million

A nine-building Sorrento Mesa office complex known as San Diego Tech Center has been sold for $152.5 million, according to CoStar Group.

ViaSat Receives $31.5M Spawar Order

ViaSat Inc. said April 16 that it received a $31.5 million order for specialized radios to be installed in U.S. military aircraft.

Hotel Indigo Debuts in Del Mar After Rebranding

Hotel Indigo, an upscale boutique brand of InterContinental Hotels Group, has opened its second San Diego County location in downtown Del Mar.

John Moores’ Firm Buys Inn at Rancho Santa Fe

JMI Realty, a real estate investment firm led by San Diego Padres owner John Moores, announced April 12 that it has purchased The Inn at Rancho Santa Fe.

Monday, April 16

Local Pharmaceutical Company Raises $10M

Tioga Pharmaceuticals closed on a $10 million Series B equity financing, the San Diego-based pharmaceutical company announced April 12.

Five Point Capital Completes Sale of Company

Five Point Capital Inc., a San Diego equipment leasing and private small-business lender, said April 12 that founder and half-owner David Gilbert has purchased the other half of the business from co-founder Dan Feder for an undisclosed price.

Mollison Avenue Apartment Complex Sells for $15.25M

The 132-unit Key Largo Apartments in El Cajon has been sold for $15.25 million, CoStar Group reported.

Northrop Project Smooths Battlefield Communications

The Defense Department recently announced that it was awarding Northrop Grumman Corp. a $26.8 million contract related to an electronic communications device known as BACN, pronounced “bacon.” Some 44 percent of the work will be performed in San Diego, according to the announcement, while the balance will be performed at Yorktown, Va.

Qualcomm, Broadcom Face Off Over Next Gen 5G Wi-Fi Chips

WIRELESS: Competitors Vie for Early Lead in Race To Capture Market Share

Irvine-based chipmaker Broadcom Corp. leads the race to ship the next generation of Wi-Fi chips but rival Qualcomm Corp. is determined to launch a challenge in the fastest growing segment of the market: mobile devices.

Cross-Border Terminal Is Getting There

TRAVEL: Plans Moving Ahead; Big Economic Benefits Expected

Equity Group Investments representatives say the final pieces are falling into place, potentially allowing the Chicago-based firm and its private development partners to move forward before year’s end on a $78 million cross-border terminal linking San Diego to the Tijuana airport.

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Brinker Decided: Employers ‘Need Not Ensure That No Work Is Done’ on Breaks!

LAW: Precedent Setting Case a Victory for Common Sense

The California Supreme Court decided last week that employers must provide a meal break, but “need not ensure that no work is done” on that break.

Construction Consulting Firm Builds Foundation

LAW: Solana Beach Company Acquires Assets From Roel

Xpera Group, a Solana Beach-based construction consulting firm, has doubled its size by acquiring certain assets of San Diego’s Roel Consulting Services Inc.

Leadership Changes at Local Biotech Firms

BIOTECH: Optimer Replaces Chairman; CryoPort CEO Resigns

Management shakeups at local biotechnology companies Optimer Pharmaceuticals Inc. and CryoPort Inc. are rattling the leadership but are not expected to have detrimental effects on long-term operations.

Flying High

TECHNOLOGY: Unmanned Aviation Industry Growing

Jordi Munoz Bardales is one of a handful of San Diego entrepreneurs staking out new territory in the rapidly commercializing field of unmanned aviation.

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Entrepreneurial Efforts Make the Grade at University

A business plan written by graduate Nitasha Stiritz and seniors Arthur Cachero and Blake Harrison took top honors from Point Loma Nazarene University’s Student-Entrepreneur of the Year festivities.

Law to Jump-Start Financing for Firms

ECONOMY: JOBS Act Makes It Easier for Small Businesses to Go Public

John Rodenrys says the new federal law that makes it easier for small companies to go public will help his business.

Hiring Picture Is Bright at Local Hotels

HOSPITALITY: Trend Expected to Continue If Economy Is Stable

A two-year rise in hospitality industry fundamentals is giving local hotel properties — like the Manchester Grand Hyatt San Diego and Sheraton San Diego Hotel & Marina — confidence to move forward with hiring for this year’s expected busy summer season.

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John Moores Again Aims to Sell the Padres

John Moores said he’s putting the San Diego Padres up for sale again, and retained two baseball consultants to help field offers from interested parties.

School Food Provider Thinks Outside the Tray With Offerings

FOOD: Startup Puts Fun and Flavors to Work In Battle Against Obesity

More than a third of California’s school-age children are obese, a depressing number that holds true in San Diego classrooms.

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Palomar Health Finishes Construction on ‘Hospital of the Future’

HEALTH CARE: District Plans to Open $956M Facility in August

Palomar Health has completed construction on its 11-story, $956 million Palomar Medical Center.

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Local Companies in the Pipeline for an IPO

FINANCE: Technology Businesses Report Large Increases in Revenue

The prospects for smaller companies issuing stock got better in the past year, especially for those in the technology sector.

San Diegan Teaches Wall Street How to Manage Its Reputation

COMMUNICATIONS: 24/7 News Cycle, Social Media Present Challenges

What can Wall Street learn from San Diego? Ask Jan Strode.

New Stem Cell Treatment Could Be Ailing Dogs’ Best Friend

BIOTECH: Firm Eyes Huge U.S. Market for Orthopedic Treatments

Stem cells are versatile enough to have shown promise in treating a variety of conditions from neurodegenerative diseases to cardiac, ophthalmic, autoimmune and skin diseases.

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All in the Family: 911 Carrera S Packs Plenty of Punch

It was speed dating. Literally.

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It’s a Hot Competition for Cool Companies

The San Diego Venture Group, a local organization devoted to providing connections between entrepreneurs and venture capital investors, is looking for some cool companies, 25 to be exact.

AMN Healthcare Announces Its Completion of New Credit Agreement

AMN Healthcare Services Inc., a San Diego-based nurse staffing company, said April 9 that it refinanced its existing credit facility with a new $250 million credit agreement.

PacTrust Bank Parent Launches Public Offering Of Senior Notes

First PacTrust Bancorp Inc., parent of PacTrust Bank, said April 10 that it intends to offer and sell an undisclosed amount of senior notes due 2020 in a public offering.

Executive Profile: Stephen F. Flaim

Stephen Flaim has a doctorate in human physiology and pharmacology.

Targeting & Timing

FINANCE: IPO Activity, Good Stock Market Can Spur More VC Investments

The partners at JMI Equity were smiling when ServiceNow Inc. filed documents recently for a planned initial public offering.

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Real Estate Roundup

Projects, developments and other activity in cities in and around San Diego County

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Regional Report

News and notes from communities around San Diego County

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Women’s Commitments to Community, Careers Are Honored

The YWCA 2012 “In the Company of Women” luncheon is being held at the San Diego Marriott Marquis & Marina.

The Good News Is That There Is Good News

It is that time of year when we are able to present accurate data reflecting the state of our regional economy and employment for the year just passed.

Without a Port, Global Trade Could Dry Up

What do you consider absolutely vital infrastructure for world trade — airports, telephones and the Internet?

Nonprofit Profile: Patricia Cruise

Sister Patricia “Tricia” Cruise is president and CEO of Father Joe’s Villages and its partner agencies: St. Vincent de Paul Village, Toussaint Academy San Diego, Josue Homes, and Martha’s Village & Kitchen in Indio.

Entrepreneurs ‘Leaving Garages,’ Seeking Additional Office Space

REAL ESTATE: Some Firms Finding Spaces in Area’s Prime Submarkets

Information technology services provider ServiceNow recently became one of San Diego’s biggest corporate movers of 2012, signing a lease to occupy a full three-story building at University Towne Center — totaling nearly 95,000 square feet — that it will soon call home.

Building Social Purpose through Partnerships

Advertorial: San Diego Nonprofits Supplement

Turn to any daily news source, and it’s clear that an astounding number of people around the world are calling for greater social engagement and accountability from corporations.

Friday, April 13

We Apologize

The San Diego Business Journal e-news servers experienced a technical malfunction mid-day on Thursday, April 12. As a result, throughout the day on Thursday, many of our e-news subscribers received multiple emails announcing a breaking news item.

Small Business Boot Camp Set for April 14

Accion San Diego, a nonprofit microlender that makes loans from $300 to $35,000, hosts a Small Business Boot Camp from 8 a.m. to noon April 14 at the Joe and Vi Jacobs Center in Southeast San Diego.

Cal Bank & Trust Launches Business Financing Program

California Bank & Trust launched a business financing program aimed at the state’s minority- and women-owned businesses April 12 at the Latina Style Business series in Los Angeles, the San Diego-based bank announced.

Investment Firm Westcore Relocates Local Headquarters

San Diego-based real estate investment firm Westcore Properties has relocated its corporate headquarters to larger facilities in the University Towne Center neighborhood.

San Diego Trust Reports 60 Percent Increase in Quarterly Profit

San Diego Trust Bank reported April 12 first-quarter net income of $484,000, up 60 percent from the net income of $302,000 for the like quarter of 2011.

Thursday, April 12

We Apologize

The San Diego Business Journal e-news servers experienced a technical malfunction midday on Thursday, April 12.

Developers Revise Fat City Proposal to Feature Hotels

Developers GLJ Partners and Jonathan Segal have submitted a revised proposal for the Fat City/ China Camp property in downtown San Diego, now calling for a dual hotel project instead of apartments.

State Supreme Court Rules Employers ‘Need Not Ensure That No Work Is Done’ on Meal Breaks

The California Supreme Court decided Thursday employers must provide a meal break, but “need not ensure that no work is done.” The long-anticipated decision is important to employers because a contrary decision would have required employers to police their employees during breaks to make sure the breaks were taken and no work was done.

PacTrust Bank Parent Launches Public Offering of Senior Notes

First PacTrust Bancorp Inc., parent of PacTrust Bank, said April 10 that it intends to offer and sell an undisclosed amount of senior notes due 2020 in a public offering.

Callaway Sells Top-Flite Brand to Retailer Dick’s

Callaway Golf Co. of Carlsbad has sold its Top-Flite brand, which includes balls, clubs and related accessories, to retail store operator Dick’s Sporting Goods Inc.

Target Recruits Staff for Store Opening at Mall

Target Corp. said it planned to hold job fairs locally to hire about 200 employees needed to staff its new store at the Westfield North County Mall scheduled to open in October.

Wednesday, April 11

John Moores Aims to Sell Padres

John Moores, who owns 51 percent of the San Diego Padres, announced April 10 that he’s selling the ballclub, and retained two baseball consultants to help field offers.

AMN Healthcare Announces Completion of New Credit Agreement

AMN Healthcare Services Inc., a San Diego-based nurse staffing company, said April 9 that it refinanced its existing credit facility with a new $250 million credit agreement.

Kratos Receives Naval Training Work

Kratos Defense & Security Solutions reported April 10 that it received a contract with the U.S. Navy’s training arm that, in the end, could be worth as much as $86.4 million.

WD-40 Reports Rise in Quarterly Profit, Sales

WD-40, a San Diego-based maker of household maintenance products, reported fiscal 2012 second-quarter net income of $10.6 million, up 16 percent from the like quarter of the prior fiscal year.

Two Local Restaurants Make U.S. ‘Hot Spot’ List

Two restaurants operated by San Diego-based Enlightened Hospitality Group LLC — Searsucker and Burlap — were among the U.S. establishments making the annual “Top 100 Hot Spot Restaurants” list, released recently by reservation services provider OpenTable Inc.

Tuesday, April 10

Wells Fargo Provides $26M in Financing for SDSU Housing Project

Wells Fargo & Co. has provided $26 million in financing for Village Lindo Paseo, a planned 287-unit student housing complex at San Diego State University.

Bowl Game Association Names 2012 President

The San Diego Bowl Game Association, the nonprofit that puts on the Bridgepoint Education Holiday Bowl and San Diego County Credit Union Poinsettia Bowl football games in December, said April 4 that it named John Wertz its 2012 president.

AmericanWest Bank Announces New Local Leader

AmericanWest Bank, the Spokane, Wash.-based lender that announced its intention to buy Security Business Bancorp for about $26 million last month

Camp Pendleton Buildings Get LEED Platinum Designation

Two new medical care-related buildings at Marine Corps Base Camp Pendleton have been certified Platinum by the U.S. Green Building Council and the Green Building Certification Institute.

Monday, April 9

Locally Based Legend3D Relocates L.A. Office

Legend3D Inc., the Carmel Valley business that converts two dimensional films to three dimensional, said April 2 it relocated its Los Angeles office to Bungalow A at Hollywood Center Studios.

Nassco Awarded $68.9M for Ship Upgrades

The Pentagon announced on April 5 that it awarded General Dynamics Nassco a $68.9 million contract modification. The funds will go toward the renovation and modernization of a U.S. Navy ship, the USS Comstock.

Father Joe’s Villages Reopens Downtown Restaurant

Father Joe’s Villages has reopened Pierre’s Café, a downtown San Diego restaurant that raises funds to aid homeless teens, according to an April 2 statement from the nonprofit organization.

Wilson Cos. Completes Formerly Stalled D.C. Area Projects

San Diego-based Douglas Wilson Cos., which deals with distressed real estate properties, recently completed two Washington, D.C., construction projects that were stalled under their original developer.

Local Brewer Gets Statewide Business Honor

Will this entrepreneur win the national title next month?

Athletic Gear Manufacturer Hits Stride With Expansion

SPORTS BIZ: Enterprise Grows From One Training Aid to Several Hundred

John Sarkisian thought he might have something when his sports training manufacturing business did a television commercial that captured 800 orders right out of the gate.

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Bank Is Hoping to Put These Dark Economic Days Behind It

FINANCE: Community Lender Expects Profits In 2nd or 3rd Quarter

Neighborhood National Bank is still working its way out of the hole that caused regulators to issue a consent order two years ago.

Epic Acquisition

TECHNOLOGY: Google Slowly Winds Through $12.5B Purchase of Motorola Unit

Motorola Mobility Holdings Inc. is like a 1,000-foot-long ship in the middle of a course change.

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Cruise Line Sees Opportunity in Mexico

TRAVEL: Port Investments Could Highlight Destinations

While some cruise ships are being pulled from their San Diego to Mexico routes, Carnival Corp. is committing to investing $150 million in port infrastructure along Mexico’s Pacific and Caribbean coasts. The eventual expansion could boost local cruise business, say tourism officials.

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Things Looking Up For Blue Sky Project

FINANCE: New Downtown Apartment Site Gets $10M

Gray Development LLC, led by La Jolla resident Bruce Gray, has received a $10 million financial infusion to move forward with construction of a planned 440-unit apartment project that will take up a full block of downtown San Diego.

North Island Credit Union Rebounds

FINANCE: NICU ‘Well-Capitalized’ and Profitable

Last year was one that members and staff of North Island Credit Union can point to as a clear turnaround.

UCSD Hospital Breaks Ground

HEALTH CARE: Jacobs Medical Center: From ‘Bench-to-Bedside’

Sleek architectural renderings of UC San Diego Health System’s future medical center in La Jolla are what first caught the attention of Irwin Jacobs more than two years ago.

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Tools of Technology Can Advance Health Care

The key factor in improving the quality of health care is better coordination of care between patients and providers.

Mentors Can Be an Invaluable Human Resource

Most successful business leaders have had one or more meaningful mentor relationships.

Helping Community Is Part of Bank’s Past, Present and Future

In celebration of the 160th anniversary, Wells Fargo has donated a total of $160,000 to organizations in the counties of San Diego and Riverside.

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Real Estate Roundup

Projects, developments and other activity in cities in and around San Diego County

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Nonprofit Profile: Lisa Freedman

After spending 20 years in sporting events, facility management and live event production, Lisa Freedman found an opportunity to “pay it forward.”

Regional Report

News and notes from communities around San Diego County

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Executive Profile: Bruce Binkowski

Bruce Binkowski was hired as the first employee of the San Diego Bowl Game Association in 1978 and has served as its executive director since 2001.

Home Team Wins As Sports Draw Crowds and Consumers

SPORTS BIZ: Diverse Offerings Spread the Wealth Around County

Women’s golf gets nowhere near the media attention that the men’s game does, but last month’s Ladies Professional Golf Association Kia Classic broke some new ground when the Golf Channel let some of the competitors into the broadcast booth and behind cameras, at least for a few shots.

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San Diego Volunteer Lawyer Program Scores Hit With Laf-Off

Laf-Off was funny, and it was fun. Robert Rose of Sheppard Mullin was the winner according to the judges, but John Gomez of the Gomez Firm was the crowd favorite.

$37M Sale of Assets Helps Verenium Say Goodbye to Debt

BIOTECH: Local Enzyme Maker Inks Deal That Sends Stock Soaring

Verenium Corp., a San Diego-based industrial biotechnology company, has closed on a $37 million sale of its oilseed processing business and other assets to the food and beverage unit of Royal DSM N.V., a multinational science company with headquarters in the Netherlands.

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OncoSec Inches Ahead on Skin Cancer Zapping Technology

BIOTECH: Company Uses Electricity to Deliver Drug That Helps Kill Tumors

San Diego-based OncoSec Medical Inc. is making headway on a unique approach to treat the highly aggressive form of skin cancer known as Merkel cell carcinoma, said CEO Punit Dhillon.

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Tech and Biotech Firms Lead the Office Space Race

REAL ESTATE: Other Sectors Also Expand Their Local Profiles

Growing biotech and technology companies were among the hungriest users of San Diego County commercial real estate during the past five years, together accounting for nearly 70 percent of the region’s office space absorption, according to recently released data from the brokerage firm Jones Lang LaSalle.

Film History Permeates Legend3D’s New L.A. Office

Legend3D Inc., the Carmel Valley business that converts two dimensional films to three dimensional, said it relocated its Los Angeles office to Bungalow A at Hollywood Center Studios.

Case Can Face the Elements, Not to Mention the Condiments

CONSUMER GOODS: LifeProof Gives iPhone One Rugged Exterior

Neither rain, nor snow, nor dirt, nor ketchup, nor shock will destroy this Apple Inc. iPhone.

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Official’s Visit Highlights Efforts To Boost Tourism

U.S. Interior Secretary Ken Salazar touted new programs aimed at boosting international travel and tourism in the United States, during a gathering at the San Diego Zoo. Salazar met with local business and tourism leaders in San Diego and Las Vegas.

More Biotech Firms Head to ATM for Cash

LIFE SCIENCES: New Financing Approach Is Gaining Attention

Publicly held biotechnology companies are increasingly going the ATM route to raise capital, said Todd Wyche, co-founder and managing director of New York-based investment firm Brinson Patrick Securities Corp., which has an office in La Jolla.

Firm Sells a Lifestyle in Its Offerings to Tenants

DEVELOPMENT: It Converts Old Buildings Into Stylish Urban Hubs

It’s not hard to decipher the top priorities of San Diego development firm L.W.P. Group Inc.

Friday, April 6

LRAD Completes $2.4M Quarter

LRAD Corp., a San Diego maker of sound devices mainly used for security purposes, said April 5 that it expects to report fiscal second quarter revenue of $2.4 million for the period ended March 31.

One Roof Picks Up $3M in Financing

One Roof Energy, a San Diego company that contracts with roofers to install residential solar panels, said April 4 that it secured $3 million in additional financing from Black Coral Capital.

Chicken Restaurant Spreads Wings in San Diego Region

The first of three new Wingstop restaurants planned for the San Diego region opened April 4 at 932 Highland Ave. in National City.

Harbor Eatery Completes $2.7M Renovation

Point Loma Seafoods, a San Diego waterfront mainstay since 1955, has reopened following a $2.7 million makeover.

Thursday, April 5

BioMed Obtains $400M Loan Package

San Diego-based BioMed Realty Trust Inc. has closed on a new $400 million senior unsecured term loan facility, the life-sciences real estate investment firm announced April 3.

Spirit Airlines Debuting New Local Flights to Dallas

Spirit Airlines will begin nonstop service from Dallas/Fort Worth to three new cities on June 21, including San Diego, the Florida-based carrier announced April 3.

Investment Firm Westcore Opens Office in Orange County

Westcore Properties of San Diego has opened a new office in Irvine, as it seeks to expand its acquisition focus within Southern California, the commercial real estate investment firm announced April 2.

Flight Deck Basketball Returns With SDSU on Nov. 9

San Diego will be in the national spotlight once again when it hosts another nationally televised college basketball game aboard an aircraft carrier on Veterans Day, Nov. 9, between the San Diego State University Aztecs and the Syracuse University Orangemen, the teams announced April 3.

Wednesday, April 4

Kimpton Gets Financing to Reposition Hotel Palomar

A unit of San Francisco-based Kimpton Hotels & Restaurants has obtained a $46 million loan to finance the repositioning of two hotels, including Hotel Palomar San Diego.

Velatel Closes Balkans Acquisition

Velatel Global Communications, a San Diego-based provider of wireless broadband telecommunication networks, has closed the acquisition of Herlong Investments Ltd. and its operating subsidiaries, Novi-Net and Montenegro Connect, the company said April 2.

Qualcomm Approves Quarter-Dollar Dividend

Qualcomm Inc. said April 2 that it approved a quarterly cash dividend of 25 cents per common share, payable June 20 to stockholders of record as of June 1.

Housing Agency, Carlsbad Firm Debut $7.6M Apartment Complex

Park Terramar, a 21-unit affordable housing apartment complex in northeast San Diego, held its grand opening on April 2.

Tuesday, April 3

Illumina’s Board Not Impressed by Roche’s Revised Takeover Bid

San Diego-based gene sequencing giant Illumina Inc. on April 2 rejected Roche Holding AG’s revised takeover bid, which values the company at about $6.7 billion.

ServiceNow Plans Public Offering

ServiceNow, a provider of cloud-based computer networks based in San Diego, said on March 30 that it filed documents signaling that it intends to conduct an initial public offering of its common stock.

Sapphire Raises $144M in Series C Funding to Commercialize Green Crude

San Diego-based Sapphire Energy Inc., which is using algae to produce “green crude” oil that can be used for fuel, has raised $144 million in Series C investment financing.

Legoland’s Star Wars Display Not So ‘Mini’ Anymore

Legoland California has expanded its Star Wars Miniland area

Monday, April 2

Business Journal Awards Recognize IT Innovators’ Accomplishments

Local technology innovators Stephen Coggeshall and Rich Pickett are being honored for excellence in the field of information technology at this year’s IT Executive of the Year Awards sponsored by the San Diego Business Journal.

Daphne’s Launches Franchising Program

Daphne’s California Greek has launched a franchising program to grow the brand nationally. The Carlsbad-based restaurant chain currently has 56 locations in three states.

Construction on Mixed-Use Senior Community Begins

Affirmed Housing Group of San Diego has broken ground on Solterra, an affordable and sustainable housing community in El Cajon geared to residents 55 and older.

Viejas Casino Opens High-Stakes Bingo Room

Viejas Casino officially opened its high-stakes Bingo Room, with ceremonies that included a traditional blessing from tribal elders and ribbon cutting, on March 26.

Good Company Guaranteed at Best Places to Work Event

AWARDS: Surveys Give Best Workplace Practices Well-Deserved Recognition

The busy days of tax time didn’t stop the local Moss Adams LLP staff from expressing the opinion that its office is one of the best places to work.

Partners Play It Smart Second Time Around Selling Genius Products

RETAIL: Company Aims For Slice of $3B Infant, Preschooler Toy Market

The ongoing trend of parents buying music and educational toys aimed at creating a smarter child is boosting the fortunes of San Diego-based Genius Brands International.

Construction Consultant Gets Closer to Clients, Opens Office Near D.C.

REAL ESTATE: Firm Working on Projects For Hilton, Host Hotels

Cumming Corp. is again expanding its list of office addresses, this time to serve its hospitality, education and health care clients in the Washington, D.C., area.

Car Dealership Renovations Steer Projects to Firm

CONSTRUCTION: Lusardi Also Upgrading Hotels; Reports Rise in Revenue

Consumers heading back to auto lots in rising numbers are making dealership owners cognizant about making a good impression with the way their businesses look, and how products are displayed.

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Firm Speaks the Right Languages To Build Complicated Websites

SOFTWARE: Bytes Helps Innovative Companies Get Products to Market

Need a new surfboard made to order? No worries, dude.

Amylin Shares Soar; Company Spurns Offer

Shares of Amylin Pharmaceuticals Inc. jumped March 28 in the wake of a news report that the diabetes-focused pharmaceutical company had rejected a $3.5 billion unsolicited takeover offer from Bristol-Myers Squibb Co. earlier this year.

CO-OP Idea Praised as Innovative Health Care

MEDICINE: Doctor Sees Potential for Insurance Plan to Reduce Costs

The Supreme Court heard arguments last week on whether to keep in tact the Affordable Care Act, which President Barack Obama signed into law in March 2010.

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What Could Padres Fetch With Dodgers Being Sold for $2B?

Now that a buyers group fronted by the legendary Magic Johnson has won the bidding to buy the Los Angeles Dodgers from financially troubled Frank McCourt for a jaw-dropping $2 billion, many baseball gazers are wondering how much one might have to spend to acquire the San Diego Padres

Pita Jungle Is Hoping It Can Grow in San Diego County

HOSPITALITY: Eatery Picks Hip Hillcrest Spot With a Long History

Arizona-based restaurant operator Pita Jungle is bringing 80 new jobs to a historic but long-empty former warehouse building in Hillcrest, as it joins several eateries recently making their debut in the San Diego market.

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Alaska Airlines Campaign: Vote for Reagan

TRANSPORTATION: Carrier Seeks Support for Flights to D.C.

The star-spangled ads placed in local media intoned, with campaign poster urgency, “Vote for Reagan.” But they had nothing to do with this year’s presidential elections.

Tribes See Online Gambling As Possible Game-Changer

HOSPITALITY: Compacts, Expansion to Be Discussed At San Diego Gathering

The topic of Internet poker and online casino games will hang like a dark cloud over the San Diego Convention Center this week.

Another Community Bank Snapped Up By Outsider

FINANCE: Security Business Bank ‘Merges’ With AmericanWest Bank

The pending sale of Security Business Bank to Spokane, Wash.-based AmericanWest Bank reduces another local lender from a shrinking group of still-independent smaller banks founded locally in the past decade.

Roche Raises Bid in Battle for Illumina

BIOTECH: Offer Values Company at More Than $6.5B

The takeover battle continues for San Diego-based DNA sequencing company Illumina Inc. Swiss drugmaker Roche Holding AG increased its bid price to $51 per share in cash from the initial $44.50. The sweetened offer values Illumina at more than $6.5 billion.

Winning Back The Fans

SPORTS BIZ: Padres Look to Score With Discounted Tickets

Professional baseball teams that finish a season in last place usually make changes, and the San Diego Padres are no exception.

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The Right Strategy Can Help Get the Grant

Fourteen continuing resolutions later, Congress finally re-authorized the Small Business Innovation Research, or SBIR, and Small Business Technology Transfer grant programs for an additional six years. Offered in two phases, the initiatives give between $150,000 and $1 million to help companies bring new technologies to reality.

Create an Office Environment for Success

Productivity isn’t all that it’s cracked up to be sometimes, especially when trying to figure out what affects it in today’s workforce. All too often, productivity measurements are confined to the use of gadgetry and programs designed to get more work out of fewer people in a shorter time frame.

Gathering Shows It Is Up to Challenge of ‘Making Miracles’

Episcopal Community Services held its Fourth Annual “Water to Wine: Making Miracles at ECS” at The Lodge at Torrey Pines.

PwC Survey: Local Office Market at Equilibrium for Buyers and Sellers

San Diego’s office market fundamentals are essentially at a standstill — equally favoring buyers and sellers — with property values expected to remain static during the next 12 months, according to the latest national investor survey by PricewaterhouseCoopers.

Executive Profile: William Mark Leslie

With more than 5,000 AT&T employees living and working in San Diego County, the company and its employees are hard at work helping shape San Diego.

Real Estate Roundup

Projects, developments and other activity in cities in and around San Diego County

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Regional Report

News and notes from communities around San Diego County

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Report Provides Snapshot of Employer-Sponsored Insurance

HEALTH CARE: Fewer Firms Offering Benefits

The hotly debated individual health insurance mandate — a key piece of the Affordable Care Act that’s under Supreme Court review — would require that just about everyone in the United States have some type of medical coverage, whether the person is employed or not.

Executive Profile: W. Brian Ahern

Ahern Insurance Brokerage is one of the largest independently owned insurance brokerage firms in the country, specializing in the insurance needs of law firms.

Healthy Savings

HEALTH CARE: Firms’ Wellness Programs Help Keep Costs Down

When it comes to health care, “knowledge is power,” said Joe Dildy, the senior director of benefits and wellness for AMN Healthcare Services Inc., one of San Diego’s largest employers. AMN Healthcare —with more than 1,700 corporate employees eligible for benefits — is among dozens of local employers that have launched a wellness program in recent years as a way to curtail fast-rising medical insurance costs.

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Arena’s Obesity Drug Begins Regulatory Review in Europe

BIOTECH: Company Still Seeking FDA Approval

Arena Pharmaceuticals Inc., a clinical-stage drug developer, said recently that the European Medicines Agency has accepted the company’s marketing application for its investigational obesity drug lorcaserin.

Millennium Labs Leads Effort to Establish Industrywide Code of Ethics

Medicine: Problems in Medication Monitoring Said to Be Widespread

It’s like the Wild, Wild West in the pain-medication monitoring industry, say leaders at San Diego-based Millennium Laboratories Inc.

Biopharmaceutical Firm Expects $7.75 Million From Public Offering

OncoSec Medical Inc., a San Diego-based biopharmaceutical company that’s developing therapies to treat solid tumor cancers, expects to raise $7.75 million in gross proceeds through a public stock offering.