Stories for March 2012

Friday, March 30

Optimer Forges $90M Licensing Deal With Japan’s Astellas Pharma

San Diego-based biopharmaceutical company Optimer Pharmaceuticals Inc. stands to gain $90 million or more through an exclusive license it granted to Tokyo-based Astellas Pharma Inc. for the anti-infective drug fidaxomicin.

Sempra Energy Says It Expects Earnings to Grow

Sempra Energy, parent company of San Diego Gas & Electric Co. and other units, has updated its financial outlook for the year and beyond.

Fashion Valley Adding The Limited to Retail Roster

Apparel retailer The Limited plans to open a store this fall at Fashion Valley, according to a March 29 statement from mall owner Simon Property Group Inc.

La Jolla Institute Is Place to Be for Postdocs

The La Jolla Institute for Allergy & Immunology landed a spot in the top 10 “Best Places to Work for Postdocs,” published recently in The Scientist magazine.

Thursday, March 29

Amylin Shares Soar on News of Spurned Bristol-Myers 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 offer from Bristol-Myers Squibb Co. earlier this year.

Colorado Partners With San Diego Firm on Overseas Voting System

Everyone Counts Inc. of San Diego recently garnered a five-year contract to provide its online ballot system to Colorado’s military and other overseas citizen voters from the state’s 64 counties.

Safeway Opening New Vons Store in San Diego

Pleasanton-based Safeway Inc. has scheduled a March 29 opening for a Vons supermarket serving San Diego’s Mission Hills and Hillcrest neighborhoods.

Local Company Buys Texas Wind Project

Enxco, a San Diego-based developer and manager of wind and solar infrastructure, said March 27 that it closed on the purchase of the Bobcat Bluff Wind Project located on some 14,000 acres in Texas. The price of the transaction wasn’t provided.

Wednesday, March 28

AmericanWest Acquiring Security Business Bank for $26M

Security Business Bank, with about $233 million in assets and four branches, agreed to be acquired by AmericanWest Bank of Spokane, Wash., in a deal that values the local lender at $26 million, the companies said March 27.

Overland Storage Prices Public Offering

Overland Storage Inc., a San Diego provider of data storage systems, said it is issuing 3.2 million shares of its common stock at $2 per share in a public offering expected to close March 28.

Local Company Selling Weight Loss Gummies

Green Forest Nutrition, which makes dietary supplements, said March 27 that it has developed a new “functional food” product called Gummy Owls, which will help adults and adolescents lose weight.

Hotel Co-Owned By Local Firm Gets Hyatt Banner

A New Orleans hotel co-owned by La Jolla-based Interwest Capital Corp. has been rebranded and reopened as Hyatt Place, according to a statement from Chicago-based Hyatt Hotels Corp.

Tuesday, March 27

AmericanWest Acquiring Security Business Bank for $26M

Security Business Bank, with about $233 million in assets and four branches, agreed to be acquired by AmericanWest Bank of Spokane, Wash., in a deal that values the local lender at $26 million, the companies said March 27.

REIT Changes Leaders, Plans Stock Delisting

Pacific Office Properties Trust Inc. is shaking up its top leadership, effective March 29, and will soon delist its stock from the NYSE Amex exchange, according to a recent government filing by the San Diego-based real estate investment trust.

Biopharmaceutical Company 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.

Local Investment Firm Makes 3rd Seattle-Area Buy

Pathfinder Partners LLC has acquired a 78-unit apartment community in Federal Way, Wash., for $5.1 million, marking its third Seattle-area acquisition in the past nine months, the San Diego-based investment firm announced March 26.

Competitor Group Names CEO

Competitor Group Inc., a San Diego firm that operates the Rock ’n’ Roll Marathon Series in 27 markets and publishes four national sports magazines, named Scott Dickey its CEO and president, among other changes, the company said March 19.

Monday, March 26

Local Unemployment Rate Remains at 9.3 Percent

San Diego’s unemployment rate stayed at 9.3 percent in February, unchanged from January’s revised 9.3 percent, and below the prior year’s February jobless rate of 10.2 percent, according to the March 23 report from the state Employment Development Department.

LifeLock Acquires Local Fraud Detection Firm

LifeLock Inc. of Tempe, Ariz., announced recently that it acquired San Diego-based ID Analytics.

State Settlement to Bring More EV Charging Stations to San Diego

Gov. Edmund G. Brown Jr. and the California Public Utilities Commission announced March 23 a $120 million settlement with NRG Energy Inc. that will fund the construction of a statewide network of charging stations for zero-emission vehicles.

DJO Global Subsidiary to Conduct Private Offering

DJO Global Inc., the manufacturer of orthopedic devices, recently said its subsidiary, DJO Finance LLC, will conduct a private offering of $230 million in second priority notes due 2018.

Business Tenants Make Big Move to Ownership

PROPERTY: Favorable Factors Could Make Such Purchases More Common

Optometrist Steve Klein decided in mid-2011 that it was time to make the jump from renter to owner.

Bank’s Leader Going for Growth With New Strategy

BANKING: CEO Beefs Up Commercial Lending Staff, Aims to Increase Capital

Within a month last year San Diego Private Bank added two new prominent members to its board — Frank Mercardante and Ernest Rady.

New Research Center Is $90M Merck ‘Experiment’

BIOTECH: Giant Looks to Calibr to Launch Medicines

It’s the calm before a storm of activity for the newly formed California Institute for Biomedical Research, also known as Calibr.

Fabric of Success

Enlightened Hospitality Group LLC was trying to figure out a name for its new Gaslamp Quarter restaurant in 2010, when celebrity chef and co-owner Brian Malarkey remarked that his busy schedule had kept him away from one of his favorite local haunts: the Del Mar racetrack.

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Prospect of Expiring Patent Heartens Firm

MEDICAL DEVICES: Doctors Want Way to Assess Medications

The clock is ticking: In less than two months, the world’s second-best-selling drug, Plavix, will meet generic competition in the United States.

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Reverse Mortgage Lender Moves Forward

FINANCE: Quicken Loans Unit Doubles Office Space, Hires 50

One Reverse Mortgage LLC is expanding its operations, banking on a trend of seniors tapping into the value of their homes.

If San Diego Is to Work Tomorrow, Business Must Join in Educating Young People Today

Recently, I had the luxury of being inspired in an unlikely place. As I sat in the movie theater watching “Dr. Seuss’ The Lorax,” the main character, Ted, lifted my spirit with his love inspired actions that changed his world.

Seau Celebration Is a Big Win for Some Worthy Causes, Events

The Junior Seau 20th Anniversary Celebration kicked off with The Legends Party held at Seau’s the Restaurant.

Nonprofit Profile: Kimberly Bond

Kimberly Bond is president and CEO of Mental Health Systems, or MHS, a large nonprofit organization based in San Diego County.

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Real Estate Roundup

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

Initiative Gives Military Members a ‘Transition Team’

WORKFORCE: Civilian Work Experiences Help With Next Career Step

When Tyler McConnell leaves the military next month he’ll be among the fortunate ones having a plan of action for starting a civilian life.

Executive Profile: James Johnson

James Johnson is president of the San Diego Military Advisory Council, or SDMAC, a nonprofit mutual benefit corporation, whose mission is to support, promote and represent the common business and other interests of the military, members’ quality of life issues, and the defense industry community in the San Diego area.

Military on Board With Green Power

ENERGY: Alternative Fuel Goals Align With Local Companies’ Research

In 1907, President Theodore Roosevelt sent 16 U.S. Navy battleships around the world. The ships came to be known as the Great White Fleet.

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Regional Report

News and notes from communities around San Diego County

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Partner’s Energy Expertise Tapped to Support Special Districts

Sophie A. Akins, a partner at Best Best & Krieger LLP, has been appointed to the Legislative Committee for the California Special Districts Association.

Harper Secures $69 Million in Marine Contracts

Harper Construction Co. Inc. of San Diego has been awarded two new contracts totaling more than $69 million for work at Marine Corps Air Station Yuma, according to the U.S. Department of Defense.

SAIC Paying $500 Million to Settle New York City Fraud Case

LAW: Court Documents Reveal Allegations of Overbilling, Kickbacks

SAIC Inc., a former San Diego-based engineering and research firm that moved its headquarters to McLean, Va., three years ago, said recently that it agreed to pay $500 million in restitution and penalties to settle allegations of fraud involving a timekeeping project for the City of New York.

Swiss Drug Company Gives $10M Gift to Salk Institute

The Salk Institute of Biological Studies is in high spirits after receiving its largest philanthropic gift this fiscal year — $10 million in unrestricted funds from Switzerland-based drug company Ferring Pharmaceuticals, a longtime supporter of the La Jolla-based research institute.

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CEO Don Casey Resigns From West Wireless Institute for New Job

HEALTH CARE: Medical Research Group Seeks ‘Exceptional Successor’

Influential mobile health advocate Donald Casey Jr., the inaugural CEO of the Gary & Mary West Wireless Health Institute in La Jolla, will be stepping down for a job he plans to accept at “a major health care company.”

Hometown Firm Lands Funding for Vertical Farm

AGRICULTURE: Stacking Plants Saves Space, Water, Fertilizer; 7 Acres in 1

The time is ripe to bring an innovative farm to the region, say Home Town Farms co-founders Dan Gibbs and Mike Castro.

Drawing a Diverse Crowd Is Goal of Tourism Efforts

TRAVEL: The Strategies Target Global, National And Business Travelers

San Diego is gathering up the tools to capitalize on an expected soaring in international travel to the United States in the coming five years, starting with British Airways’ direct London flights now bringing 60,000 visitors annually, and Tokyo service that will boost that tally when Japan Airlines touches down later this year.

Small Businesses Thrive With Help of Small Loans

FINANCE: SBA Reports Microlending Is Fastest Growing Loan Category

Microlending to businesses is on the rise. Last year, business loans of less than $100,000 were the fastest growing segment of business lending, according to this month’s quarterly lending bulletin from the Small Business Administration.

First PacTrust Bancorp Posts Net Losses

First PacTrust Bancorp, which officially relocated its headquarters from Chula Vista to Irvine this month but maintains eight branches in the county, reported net losses of $3.3 million in the fourth quarter and $6 million for 2011.

More Members Bank on Credit Unions’ Services

FINANCE: California Coast Reports Increase in New Membership in 2011

California Coast Credit Union attracted about 11,000 new members last year, a 57 percent gain over its increase in membership in 2010, as a result of growing dissatisfaction with bigger banks, said Marla Shepard, its chief executive.

Local Biotech Advances New Approach for Treating Sleep Apnea

MEDICAL DEVICES: Firm Developing ‘Pacemaker’ For the Tongue

“It’s the tongue, stupid.”

Court’s Ruling Could Hamper Biotech Funding

The biotechnology industry is reeling after the U.S. Supreme Court unanimously ruled that two medical-testing patents held by San Diego-based Prometheus Laboratories Inc. were invalid.

Online Bookings Help Docs Fill Appointment Slots

HEALTH CARE: ZocDoc Lands in San Diego; Therapists Get Own App

If you want to go out for a nice meal, you can use your computer or iPhone to book a table for tonight at one of hundreds of San Diego restaurants offering online reservations through a company such as OpenTable Inc.

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New Site Will Take Stock of Your Portfolio

Del Mar-based Wall Street investment guru Arthur Lipper is launching a new website,, designed to help investors and investment managers compare and evaluate critical data on some 8,000 stocks that now trade, as well as stock indexes.

Friday, March 23

Jeff Moorad Steps Down as Padres’ CEO

Jeff Moorad is relinquishing his title as CEO of the San Diego Padres, but will remain the team’s vice chairman, the baseball club said March 22.

California Grid Proposes Return of Retired AES Plants

Two retired power plants owned by AES Corp. could be turned on this summer to help California’s electrical grid avoid power interruptions in San Diego in the event of a prolonged outage at both San Onofre nuclear reactors, staff of the grid operator said on Thursday.

Verve Wireless Raises $7M

Technology company Verve Wireless raised $7 million from investors, according to Xconomy San Diego.

Quidel Gets FDA OK for Flu Assay on Cepheid System

Quidel Corp. announced on March 22 that it received clearance from the Food and Drug Administration for its Quidel Molecular Influenza A+B Assay for the detection of influenza A and B for use with Cepheid’s SmartCycler PCR system.

Thursday, March 22

A Host of Alternatives: Sony Serves Up Tennis, Gaming, Classics and More

“New year, new models” is the traditional auto or electronics industry rallying call, as electronics giant Sony certainly knows. But the digital disruption has demanded a lot more.

Fresh & Easy Opens 17th Local Grocery Store

Fresh & Easy Neighborhood Market, the U.S. grocery division of British retailer Tesco Plc, has opened its 17th San Diego County store in Chula Vista.

ConVis Taking on Portion of Convention Center Marketing

The San Diego City Council has approved a measure clearing the way for the local Convention & Visitors Bureau, also known as ConVis, to take over certain sales, marketing and promotion obligations for the San Diego Convention Center.

Prometheus Case Raises New Questions

The Supreme Court needed only a few months to determine Prometheus Laboratories Inc.’s process claims weren’t patent eligible, but it could take the biopharma industry years to figure out how to live within the new line the court has drawn for process patents, especially those covering diagnostics that advance personalized medicine.

San Diego County Credit Union Offering Full Range of Mobile Services

San Diego County Credit Union, the area’s largest credit union with $5.4 billion in assets, said March 21 that it is offering a full range of mobile banking services, including remote deposit capture using camera-equipped smartphones from Fiserv Inc.

More Students Registering for UCSD Extension Programs

Lifelong learning continues to be popular at UC San Diego Extension, according to a March 19 report from the school.

La Mesa RV to Open Florida Store

La Mesa RV Center has the “help wanted” sign hanging in Florida.

Wednesday, March 21

CareFusion Gains FDA’s OK for New Medical Monitoring System

CareFusion Corp. said March 20 that it has gained clearance from the U.S. Food and Drug Administration to market and sell a new medical monitoring system known as the Viking on Nicolet EDX.

Roche Appeals to Illumina Shareholders

Roche Holding AG has turned to shareholders at U.S. gene-sequencing company Illumina Inc. for support, after Illumina’s board turned down Roche’s unsolicited takeover offer.

PwC Survey Says Local Office Market at Equilibrium

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.

Active Network to Automate San Diego Parks and Recreation Facilities

The Active Network Inc. said March 20 it has partnered with the City of San Diego.

Tuesday, March 20

Union Bank Parent Looks to Buy Bank Holding Company for $1.5B

UnionBanCal Corp., parent to Union Bank, with 60 branches in San Diego, entered into a definitive agreement to purchase Pacific Capital Bancorp, a bank holding company based in Santa Barbara, for about $1.5 billion, the company said March 13.

APS Technology Deployed at Two Mexican Ports

San Diego-based APS Technology Group Inc. announced on March 20 that it has entered the Mexico market.

WD-40 Co. Announces Dividend

WD-40 Co. said March 20 that its board of directors declared a regular quarterly dividend of 29 cents per share, payable April 30, to stockholders of record on April 13.

TaylorMade Adidas Golf Lands Texas Company for $70M

TaylorMade Adidas Golf Inc. said March 19 that it acquired Adams Golf Inc. for $70 million, or $10.80 per share.

PriceSmart Buys Land for 3rd Colombian Store

PriceSmart Inc., a San Diego-based operator of warehouse club stores in Latin America and the Caribbean, acquired about 12,000 square meters of land in North Cali, Colombia, on which it intends to build its third store in that nation, according to a press announcement March 19.

Analyst Comments Spur Neurocrine

Shares of Neurocrine Biosciences Inc. rose Friday after an analyst began covering the stock with a “Buy” rating, saying that Wall Street is underestimating the company’s drug candidate elagolix.

Idaho Student Brings Unique Perspective to Sony

Hans Smith has never been able to hold a baseball, let alone hurl one at over 90 mph because of the cerebral palsy that has stolen the majority of his motor skills. Despite that fact, he plays on the exact same days, at the exact same times as the real St. Louis Cardinals.

Monday, March 19

Port of San Diego Seeks Public Input on Capital Projects

The Port of San Diego has scheduled two public workshops to gather input on future capital improvements, including parks, public amenities and maritime operations.

ScaleMatrix Expands

ScaleMatrix, the San Diego colocation and private cloud hosting provider, has practically doubled the size of its data center.

‘Sharp Experience’ Puts CEO Murphy on Top 100 List

Sharp HealthCare CEO Michael W. Murphy is the only local hospital executive to gain a mention in the “100 Non-Profit Hospital, Health System CEOs to Know,” a national listing compiled by Becker’s Hospital Review.

Volvo Rents Acquires Max Equipment Rentals

Shippensburg, Pa.-based Volvo Rents has acquired Max Equipment Rentals, a two-location construction equipment rental company with stores in Oceanside and Perris.

Hunt and Urban West Partner to Develop Multifamily Housing

In the past couple of years as the building industry has come out of the downturn, there’s been a flurry of displaced development and acquisition folks who’ve found equity sources to get new operations up and running.

LifeLock Acquires ID Analytics

Tempe, Ariz.-based LifeLock Inc. said on March 14 that it acquired San Diego-based ID Analytics Inc. for undisclosed terms.

Rising Gas Prices Impact Consumers’ Pocketbooks

Due to rising gas prices, an average San Diego household will have to shell out an additional $463 this year, assuming the price, most recently pegged at $4.37 per gallon, holds steady for the rest of the year, according to a report from National University System Institute for Policy Research released March 14.

Hootwinc LLC Set to Open 19th Location

Hooters, a restaurant set to open in May in Thousand Oaks, will hold a job fair at its Moorpark Road location in Ventura County this week for women interested in becoming Hooters Girls, according to Hootwinc LLC, an Oceanside company with the Hooters franchise rights on the West Coast.

Need for New Locations Fuels Demand for Prime Retail Space

REAL ESTATE: Rents Could Increase; Stores Turn to Smaller Formats

San Diego County continued to see empty store spaces snapped up in the early weeks of 2012, as retailers ranging from luxury purveyor Georgio Armani Group to discounter Wal-Mart Stores Inc. announced new stores to boost their local profiles.

Development’s ‘Destination’ Is Main Street

CONSTRUCTION: Mixed-Use $600M Project Aims for 2013 Start

Kilroy Realty Corp. is looking to give Carmel Valley a $600 million office-park version of the mixed-use Civita development now taking shape to the south in Mission Valley.

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McKenna-Luce Deal Was About Growth

LAW: Merger Brings Closure After Years of Consideration

Acquiring a law firm is a complex decision, more so when the law firm you have targeted has been in business 138 years.

Defending Cyberspace

TECHNOLOGY: Region Strives to Become World Leader in Cybersecurity

If hackers are the modern-day version of barbarians at the gate, then consider a group of San Diegans as the people shoring up the city walls and defending the perimeter.

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Firm Makes Strides On Cancer Drugs

BIOTECH: Marshall Edwards Seeks Piece of $1.1B Market

Marshall Edwards Inc. can now officially call itself a “clinical stage” company after more than a decade focused chiefly on research and drug development.

SDG&E Powers Through Energy Challenges

UTILITIES: Progress on Two Fronts: Sunrise Powerlink, Renewable Goals

San Diego Gas & Electric Co. says it’s making progress on two fronts in meeting its renewable energy targets and nearing completion of the controversial Sunrise Powerlink project.

Local Butcher Warns Consumers Of Cattle Shortage

Where’s the beef, as the little old lady used to squawk on that famous TV commercial.

Overcoming Obstacles Part of Engineering

DEVELOPMENT: Firms Deal With Economy and Diverse Challenges of Jobs

The 36 firms on the San Diego Business Journal’s Engineering Firms list embody the history and the future of San Diego County.

La Jolla to Host New Research Lab

Pharmaceutical giant Merck & Co., in a move to quickly translate biomedical research into new medicines, said it will provide up to $90 million in funding over seven years for a new 150-person nonprofit research center in La Jolla.

North County Hotel Is Spot on in Its Choice of Location

HOSPITALITY: Area Is A Major Business Center, With Convenient Airport

If location counts most in real estate, operators believe they’ve picked the ideal spot for the corporate-focused Hyatt Place hotel under construction in Vista and set to open this summer.

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Mixed-Use Redevelopment Project Is Awarded Silver LEED Status

The Village at Market Creek, a mixed-use redevelopment project in southeastern San Diego, has become the third project in the nation to receive LEED Neighborhood Development certification under the U.S. Green Building Council’s Leadership in Energy and Environmental Design program.

Some See ‘SmartCare’ as the Future of HMOs

HEALTH CARE: Region’s Employers Pay Less for Health Net Insurance Plan

Health Net of California Inc. has rolled out what it’s calling a “next generation” health insurance option to San Diego companies, with premiums up to 25 percent less than its traditional statewide HMO product.

Survey: Local Companies Plan To Grow Staffs

San Diego County employers are planning slightly more hiring in the second quarter than the first quarter, according to the latest Manpower Employment Outlook Survey.

SDBJ Event to Shine Spotlight on Companies’ Wellness Programs

HEALTH CARE: Workers’ Efforts to Stay Healthy Aid Firms’ Bottom Line

Intercare Insurance Solutions LLC of San Diego does more than just support a healthy workplace to show its dedication to corporate wellness. In addition to providing yoga classes, sports activities and a health and wellness room, the full-service brokerage and consulting firm continues to sponsor the San Diego’s Healthiest Companies awards events in conjunction with the San Diego Business Journal.

Firm Sees Growth Opportunities in Acquisition of RealAge

MEDIA: Move Gives Sharecare More Tools To Personalize Content

San Diego-based health media company RealAge Inc. — known best for developing a science-based health assessment tool that estimates an individual’s “real age” based on lifestyle habits and medical history — is being gobbled up by a young Atlanta-based company co-founded by Dr. Mehmet Oz, host of the “Dr. Oz Show.”

Dunkin’ Donuts to Enlist With New Camp Pendleton Store Location

FAST FOOD: Company Is Back in California After A Decade-Long Absence

Dunkin’ Donuts is returning to California after an absence of nearly a decade.

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Decrease in Problem Loans Helps Put Local Bank Back in Black

FINANCE: BSC Makes Smaller Contribution to Its Loan Loss Reserves

Bank of Southern California finally broke solidly into the black last year, netting $1 million.

Freeways Steer Moving Decisions

TRANSPORTATION: Centrally Located Offices Can Help Businesses Attract Top Talent

CEO Greg Garrabrants was well aware that the new office space for BofI Federal Bank would have to be centrally located.

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Agency in the Driver’s Seat For Improving Traffic Flow

URBAN PLANNING: More Lanes, Roads And Options Are Provided By Sandag

Navigating San Diego’s often clogged freeways can be challenging, but thanks to significant investments by the regional transportation planning agency, things are better than before.

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Executive Profile: Vernon Evans

In March 2003, Vernon Evans joined the San Diego County Regional Airport Authority as the vice president, finance/treasurer and CFO.

Alaska Airlines Looks to Add Flight From San Diego to D.C.

Alaska Airlines has applied to the federal government for two new flights at Ronald Reagan Washington National Airport, including one that would enable direct service between San Diego and Washington, D.C.

Real Estate Roundup

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

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Grant Gives a Brighter Future to Efforts to Preserve the Past

The San Diego Archaeological Center received a $25,000 challenge grant which will match every dollar contributed to the center through June 30.

Residential Real Estate Sector Shall Return

With signs of economic recovery finally promising to be sustainably good news, it’s time to reflect on what this means to the residential real estate sector.

Kyoto Prize Symposium Explores Many Worlds

Since prehistoric times humans have studied the night sky and pondered the origin of our surroundings, the stars and the Earth and how they came to be.

No Experience Necessary to Create Custom Applications

TECHNOLOGY: App2You Gives Non-Programmers Tools to Build Software

There are computer programmers who really know their stuff, and then there are those of us who couldn’t write a line of SQL or Java code to save our lives.

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Firm Gives Multi-Organ Failure ‘Shok’ Therapy

HEALTH CARE: Company Focuses on a Condition That Kills Thousands

Local biotech startup InflammaGen Therapeutics Inc. has launched a 200-person pilot study on intensive-care patients in San Diego for an investigational drug targeting multi-organ failure — the second-leading cause of hospital deaths in the country.

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Regional Report

News and notes from communities around San Diego County

CFOs – This is Your Moment in Time

Advertorial: CFO of the Year Awards Supplement

Despite all the economic and regulatory uncertainties, this is a great moment in time for CFOs.

How to Minimize Tax Audit Problems

Advertorial: CFO of the Year Awards Supplement

Representing yourself should the Internal Revenue Service question your tax return is seldom a good idea. You may not be fully aware of your rights or options.

Congratulations to all of the 2012 CFO of the Year finalists!

Advertorial: CFO of the Year Awards Supplement

At Wells Fargo, we are committed to serving San Diego businesses and helping them succeed financially.

Employers to Invest More in 2012 to Hire and Retain Talent

Advertorial: CFO of the Year Awards Supplement

New research from Robert Half International reflects the difficulty employers are encountering when looking for skilled accounting and finance professionals in the most sought-after specialties.

The Next Porsche 911

Advertorial: CFO of the Year Awards Supplement

Forever The Sports Car

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Sunday, March 18

RF Industries Reports Record Sales, Decline in Quarterly Profits

RF Industries Ltd., a San Diego maker and distributor of radio frequency connectors and cable assemblies, reported March 15 first-quarter net income of $117,000, compared with $351,000 for the like quarter of 2011.

Manufacturer Reports Net Loss in Q4

Pulse Electronics Corp., a manufacturer of electronic components that switched its headquarters from Philadelphia to San Diego last year, reported a fourth-quarter operating loss of $900,000, compared with an operating profit of $5.4 million in the like quarter of 2010.

BioMed Declares Stock Dividends

BioMed Realty Trust Inc. announced March 15 that its board of directors has declared a first-quarter 2012 dividend of 21.5 cents per share of common stock. That represents a 7.5 percent increase from the fourth quarter of 2011’s 20-cent-per-share dividend, according to a statement from the San Diego-based investment firm.

Federal Funding to Bring Smart Grids to Rural Areas

Rural electric cooperative utilities in eight states will receive funding to install smart grid technologies and make improvements to generation and transmission facilities, the U.S. Department of Agriculture said in a statement.

Friday, March 16

Out of ‘Hobby’ Class, Drones Lifting off for Personal, Commercial Use

Jordi Munoz had no training. Scant schooling. Little money. He also had a video-game console and nothing else to do. So he built his own drone.

Tourism Leaders Tout Progress, Challenges at Annual Gathering

San Diego tourism has come a long way from the depths of the Great Recession, experts said at a March 15 gathering of the local travel and hospitality industry, but the region still has challenges to overcome.

Giumarra Opens Ventura Packinghouse

Late winter marks the start of avocado season. This will be the first full season that the Escondido-based Giumarra Agricom International LLC packinghouse will be up and running in Ventura.

Mitchell Acquires National Health Quest Inc.

San Diego-based Mitchell International Inc. said in a March 14 statement that it had acquired Redondo Beach-based National Health Quest Inc., a provider of negotiated out-of-network payment services related to insurance claims.

Thursday, March 15

ESET Establishes ESET Foundation

ESET announced in a March 14 statement that it has established the nonprofit ESET Foundation.

Investment Managers Start Wealth Management Firm

Three La Jolla investment managers broke away from Morgan Stanley Smith Barney and established a new wealth management firm, Ibis Capital, the business announced March 12.

SeaWorld Goes Pole to Pole With New Store

SeaWorld San Diego has opened a new retail store, called Pole to Pole, selling North and South Pole-themed merchandise and featuring interactive elements educating visitors on the wildlife of both regions.

Oceanside Considers Redeveloping Golf Course Property

The city of Oceanside is seeking proposals to develop approximately 90 acres of city-owned property, including land housing a municipal golf course.

Coronado Starbucks Eyed for Beer and Wine Offerings

Starbucks in Coronado is among four to six locations where the coffee purveyor has applied for a liquor license, in order to sell beer and wine, a company spokesman confirmed March 14.

Alaska Airlines Looks to Add Flight from San Diego to D.C.

Alaska Airlines has applied to the federal government for two new flights at Ronald Reagan Washington National Airport, including one that would enable direct service between San Diego and Washington, D.C.

Infosonics Stock Declines After Company Posts Net Loss

Infosonics Corp., a San Diego distributor of cellphones mainly in Latin America and Asia, saw its stock plunge 22 percent to 78 cents March 14 after reporting a 2011 fourth-quarter net loss of $359,000 on revenue of $11.9 million.

Trigild Assigned to Oversee 7 Apartment Properties

San Diego-based Trigild was recently appointed property manager and receiver for seven apartment developments across the country.

Wednesday, March 14

Allylix Raises $18.2M, Announces Launch of New Product for Fragrance Market

San Diego-based biotechnology company Allylix Inc., which makes specialty chemicals for the flavor and fragrance industries, said March 12 that it raised $18.2 million in a Series D financing round led by Germany’s BASF Venture Capital GmbH.

Securities Filing: Nextwave Wireless May Seek Bankruptcy Protection

Nextwave Wireless Inc., a San Diego-based holder of wireless spectrum licenses, reported a net loss of $264 million for 2011 compared with a net loss of $116.6 million for the prior year, and said in a March 12 securities filing that it may have to file for bankruptcy protection for a second time.

HemaQuest Raises $13M to Fund Trials for Sickle Cell Drug

Local biotechnology company HemaQuest Pharmaceuticals Inc. said it has raised $13 million in financing from venture capitalists to move forward with additional clinical studies for an investigational drug targeting sickle cell disease.

Bioengineering Professor’s Treatment for Shock Under Study

A 200-patient phase 2 clinical pilot study will be initiated this month to test the efficacy and safety of a new use, and method of administering, an enzyme inhibitor for critically ill patients developed by UC San Diego bioengineering Professor Geert Schmid-Schönbein.

Tuesday, March 13

Illumina Unveils TruSeq Amplicon

Illumina unveiled TruSeq Amplicon last week, which is a cancer panel to aid researchers to sequence cancer loci.

State Board of Equalization to Open Local Office March 14

The state Board of Equalization, which collects some $50 billion annually in property taxes, sales and use taxes, and special fees, holds a grand opening of a BOE San Diego District office March 14, the agency announced.

Boeing 787 Dream Tour Makes Stop in San Diego

The Boeing 787 Dreamliner arrived March 12 at Lindbergh Field, continuing its six-month worldwide Dream Tour.

Del Mar, TVG Expand Partnership Program

Del Mar Thoroughbred Club and TVG have announced a simulcast and on-track broadcast partnership that will begin with the start of racing at Del Mar July 18.

Truckers Turn to Smartphones, Qualcomm Takes Notice

The role technology plays in the daily lives of truck drivers and fleets is rapidly expanding to the smartphones that keep people connected to the home and office.

Genetic Tests to Generate $25 Billion a Year, UnitedHealth Says

Genetic tests may become a $25 billion annual market in the U.S. within a decade, highlighting the need to identify which exams work the best, insurer UnitedHealth Group Inc. (UNH) said.

Mediation Group to Tackle Environmental Disputes

The San Diego-based National Conflict Resolution Center has established a land-use and environmental mediation group, specializing in resolving disputes among landowners, developers, environmentalists and government agencies.

Software Maker Reports Quarterly, Annual Profits

Accelrys Inc., a San Diego maker of software that helps scientific and research and development companies, reported 2011 fourth-quarter net income of $14.2 million on revenue of $39.8 million.

Monday, March 12

New Dermatology Company Forms

Intrepid Therapeutics Inc., a specialty pharmaceutical company based in San Diego, announced its formation on March 12. Intrepid will focus on the licensing and development of prescription products for dermatology.

Marathon Registration Operates at Brisk Pace With Cloud Computing

The Active Network announced a major milestone as the Marine Corps Marathon — one of its oldest and largest endurance customers — recorded the fastest registration sellout in its history.

County Pension Fund Manager Posts Strong Returns

The San Diego County Employees Retirement Association, which manages the $8 billion pension fund for some 36,000 active and retired county workers, said March 8 that the fund generated an annual return of 6.31 percent for the calendar year ended Dec. 31.

Local Firm Buys Texas Apartments for $17.2 Million

Interwest Capital Corp. of La Jolla has purchased a 300-unit apartment complex in Denton, Texas, for approximately $17.2 million, a spokeswoman for the investment firm said March 12.

Amylin Seeks to Raise $203M in Stock Offering; Funds Earmarked for Diabetes Drug

Amylin Pharmaceuticals Inc. said March 8 that it expects to raise more than $203 million through a public offering of 13 million shares of its common stock.

San Diego Gets Telemedicine for its Tiniest Patients

Oceanside-based Tri-City Medical Center is teaming with UC San Diego Medical Center to offer telemedicine services for premature babies in greater San Diego.

Nanotrees Harvest Sun’s Energy to Turn Water Into Fuel

UC San Diego electrical engineers are building a forest of tiny nanowire trees in order to cleanly capture solar energy without using fossil fuels and harvest it for hydrogen fuel generation.

Car2Go Gives 100-Day Update: 6,000 San Diego Members

More than 6,000 people in San Diego have signed up for the all-electric car-sharing service Car2go, which launched its 300-car fleet locally in November, the company said in an update March 9.

Formula for Business Success Has Many Pluses

The way to execute your organization’s strategic plan and exceed desired results is simple. So simple, in fact, that a natural initial reaction would be to scoff at it and revert back to a more complex, sophisticated, formulaic approach.

The French Gourmet Offers Full Service Catering

Advertorial: Corporate Event Planning Guide Supplement

You’ve been assigned the task of planning the company party, executive luncheon, or grand opening of your new facility - and it’s time to get rolling!

Nearly Three Quarters of a Million People Are Waiting to Meet You at the Miramar Air Show!

Advertorial: Corporate Event Planning Guide Supplement

The award-winning 2012 Miramar Air Show offers tremendous opportunity for Southern California businesses to enjoy access to hundreds of thousands of visitors and unparalleled VIP hospitality.

The Del Mar Fairgrounds

Advertorial: Corporate Event Planning Guide Supplement

A Perfect Place for your Next Special Corporate Event, Meeting, or Holiday Party

Paradise Point Celebrates 50 years of Heritage and Hospitality

Advertorial: Corporate Event Planning Guide Supplement

What do you get when a rabbi and an architect are marooned on a desert isle?

Petco Park – Where Everything is Possible

Advertorial: Corporate Event Planning Guide Supplement

Architecturally magnificent Petco Park, home of the San Diego Padres, opened in downtown San Diego and immediately became known as “The world’s best ballpark in America’s finest city”.

CareFusion Adds Pharmacy Automation Firm to Its Portfolio

HEALTH CARE: Company Seeks to Offer Complete Medicine Management

Medical technology company CareFusion Corp. has signed a deal to acquire a Seattle-based software and consulting company that helps hospital pharmacies better manage their inventory and lower their costs.

Market Creek Event and Venues

Advertorial: Corporate Event Planning Guide Supplement

How leading San Diego Organizations are Putting an Entire Community to Work for Them

Civic Projects Face an Uncertain Future

REDEVELOPMENT: Plans Call For Creative Financing Solutions

The pending demise of California redevelopment agencies, following a state move to abolish nearly 400 of them, has local planners and developers pondering what will become of civic projects long deemed key to leveraging private investment through public dollars.

It’s Party Time Again For Local Caterers

HOSPITALITY: Top-Ranked Firms on List See Business Rise

The Great Recession has been hard on local caterers, but there are signs of life, according to the principal owner of the top-ranked company on the San Diego Business Journal’s list of Independent Caterers.

Demand for Financial Advice Sparks Growth

Cuso Financial Services L.P., a broker-dealer services firm serving mainly the credit union industry, is picking up new contracts and hiring more people to handle its recurring, double-digit growth.

The Russians Are Coming To the Life Science Scene

TECHNOLOGY: VC Deal Is Expected to Benefit Local Firms

It’s an unconventional partnership that observers say will energize the San Diego biotechnology sector: Venture capital firm Domain Associates LLC has joined with Russian government-owned technology fund Rusnano to invest a combined $760 million in U.S. health care technology companies.

Playing for Keeps

MANUFACTURING: Guitar Company Cultivates Relationships

The secret to selling a quality, hand-assembled, made-in-America product during a recession — and making a profit while doing so — is …

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Cooperation for Tourist Dollars

HOSPITALITY: Agencies Promote Lesser Known Attractions and Areas

More than 31 million visitors spent nearly $7.5 billion at San Diego County businesses last year, besting the 2010 tally by 5.7 percent, according to the San Diego Convention and Visitors Bureau, also known as ConVis.

Online Fluency Says a Lot About Your Brand

Small businesses and large corporations alike have joined the social media movement in effort to have a presence online and, in a nutshell, increase sales. But what happens after you create that Twitter profile and Facebook page? And more importantly, how can businesses gain and retain quality and relevant followers?

Luncheon Honors 15 Who Are Dedicated to Making a Difference

The Salvation Army Women’s Auxiliary will recognize 15 women at its 47th Women of Dedication luncheon set for March 28 at the Sheraton San Diego Hotel & Marina.

Executive Profile: Anthony Balsamo

Anthony Balsamo is COO and founding partner of Integrity First Financial Group.

Real Estate Roundup

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

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Executive Profile: Robert A. Rauch

Robert A. Rauch serves as president of R. A. Rauch & Associates Inc., the firm that manages the Homewood Suites by Hilton, Hilton Garden Inn in Del Mar, and others.

Regional Report

News and notes from communities around San Diego County

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Survey: Small-Biz Owners More Confident About The Economy

San Diego County small-business owners are feeling more confident about the economy, according to a survey conducted by Cal State San Marcos’ College of Business Administration released recently.

Most Guests Have a Ball at ACC’s Black and White Gala

The Association of Corporate Counsel’s annual Black and White Ball was, well, a ball for most of us.

Arena Pharmaceuticals is Seeking European Union Approval for Drug

San Diego-based Arena Pharmaceuticals Inc. said recently that it’s seeking regulatory approval to sell its investigational weight-loss drug lorcaserin in the European Union.

Scarless Healing Products at the Heart of Local Firms’ Partnership

BIOTECH: Suneva Medical To Sell Trio of Histogen’s Skin Care Products

It’s a beautiful partnership for two privately held San Diego biotech companies: Suneva Medical Inc., which makes and sells the long-lasting dermal filler sold as Artefill, has purchased exclusive licensing rights to a trio of regenerative skin care products developed by regenerative medicine company Histogen Inc., the businesses announced recently.

Small Bank Is Facing Some Big Competition in a Slow Market

BANKING: It Looks to Diversify Its Portfolio In a Selective Manner

Home Bank of California, based in Pacific Beach and with a single office, had a so-so year in 2011, the result of more borrowers paying off loans and lining up fewer new clients to replace them, according to bank President Byron Webb.

Business Journal Event Honors Region’s Leading IT Executives

TECHNOLOGY: Awards Ceremony Set for April 19; 500 Attendees Expected

David Kay has helped a company increase its sales from $1.5 million to $75 million in one year; has nearly 30 years of experience in the computing and software industries; and guided the development of one of the first notebook computers.

Leasing Picture Looks Brighter for Apartment Communities

REAL ESTATE: Developer Anticipates Opening Two Complexes This Summer

Developer Wood Partners LLC has a busy summer ahead, as it begins leasing units in its $90 million, 379-unit apartment complex nearing completion in Kearny Mesa’s Spectrum Center community.

Firm Assembles All-Star ‘Teams’ for Data Delivery

TECHNOLOGY: Method Makes Bigger and Better Connections for Its Users

Mushroom Networks Inc. soups up the Internet for its clients.

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SDBJ Names New Associate Publisher

Bob Baranski, who has spent 25 years in radio, newspapers and new media, has taken the job of vice president and associate publisher of the San Diego Business Journal.

Firm Sells the Benefits of a Healthy Workforce

HEALTH CARE: Its Preventive Approach Can Reduce Costs

More companies are doling out dollars for wellness programs designed to get their employees healthy and fit, said George DeVries, chairman and CEO of privately held American Specialty Health Inc.

News Travels Far About Progress on $2B Civita Project

New York Times correspondent Morris Newman reported Feb. 28 on Civita, the massive mixed-use project rising up from the closed quarry in Mission Valley.

Commercial Real Estate Recovery at ‘Halftime’

REAL ESTATE: Market Is Rebounding; Consumer Concerns Still Linger

Experts at a recent commercial real estate conference said the San Diego County market is well on its way to recovery, but hasn’t shaken off the hangover effects of the Great Recession.

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Sapphire Squeezes Oil From Bacteria

ENERGY: New Strain To Boost Production Of ‘Green Crude’

San Diego biofuels company Sapphire Energy Inc. has struck a deal with Irvine-based Earthrise Nutritionals LLC in a move to expand its inventory of algae strains used to create so-called “green crude” oil that can replace fossil fuels.

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Sunday, March 11

Sequenom Reports Financial Results

Sequenom Inc., a life sciences company providing innovative genetic analysis solutions, reported on March 8 that it had total revenues of $15.5 million and $55.9 million for the fourth quarter and full year of 2011, respectively.

Local Unemployment Rate at 9.3 Percent in January

San Diego’s unemployment rate was 9.3 percent in January, up from a revised 9 percent in December, but down from January 2011, when the rate was 10.5 percent.

SDG&E Launches Smart Grid Privacy Initiative

San Diego Gas & Electric and the Office of the Information and Privacy Commissioner of Ontario, Canada, released a joint paper March 8 to document the incorporation of Privacy by Design into SDG&E’s smart grid initiative.

Friday, March 9

Padres CEO Withdraws Application to Buy Team; Club Looks to Complete TV Deal

San Diego Padres CEO Jeff Moorad said he’s withdrawn a change of control application to Major League Baseball so that the league can expedite approval of its new broadcasting contract, according to a team announcement March 9.

Port District Approves Concept Plans for Lane Field Park

Port of San Diego officials have approved concept plans for a public park at the former site of Lane Field in downtown San Diego.

Part of $1.55B Bond Program to Benefit Electric Car Owners

Electric car owners can now recharge their car batteries at San Diego Community College District’s three campuses, the district announced March 6.

$41M Freeway Widening Project Gets Under Way

A groundbreaking was held recently for a $41 million replacement of the Nordahl Road overpass on state Route 78.

Entrepreneurs Give Public Access to Industrial Shop

After stints as skateboard makers and sign fabricators, what do you do for an encore? If you’re brothers Brian and Michael Salmon, you open a public industrial shop and charge people to use the equipment.

Thursday, March 8

Local Firm Buys Reno Apartment Complex for $27M

MG Properties Group has purchased a 324-unit apartment complex in Reno, Nev., for $27 million, the San Diego investment firm announced March 7.

Survey: Small-Biz Owners More Confident About the Economy

San Diego County small-business owners are feeling more confident about the economy, according to a survey conducted by Cal State San Marcos’ College of Business Administration released March 6.

Revenue Rises at Real Estate Investment Trust

Locally based American Assets Trust Inc. saw total revenue rise over the prior year in 2011, its first year as a publicly traded company.

San Diego County Credit Union to Sponsor Multiple Sclerosis Fundraiser Again

San Diego County Credit Union, the area’s largest credit union with $5.4 billion in assets, said recently that it will continue as title sponsor of the Walk MS fundraiser.

Wednesday, March 7

San Diego Retail Property Market Ranks Fourth in U.S.

San Diego ranks fourth among U.S. metro areas for retail property investment prospects, according to the latest annual retail real estate ranking by the brokerage firm Marcus & Millichap.

Qualcomm to Repurchase $4B in Stock

Qualcomm Inc. announced a dividend increase, as well as a $4 billion stock repurchase initiative, in conjunction with its annual meeting of shareholders March 6.

Bank Acquisition Taking Longer Than Expected

First PacTrust Bancorp, parent of PacTrust Bank in Chula Vista, extended the deadline on its pending acquisition of Gateway Bancorp of Cerritos in a filing dated Feb. 24.

New Center Shines Spotlight on $1B Airport Project

The Green Build Discovery Center has opened at San Diego International Airport, officials say.

Tuesday, March 6

Manchester Grand Hyatt Sale Tops in U.S. for 2011

California hotel property sales hit a record of $5.3 billion in 2011, with the $570 million sale of San Diego’s Manchester Grand Hyatt coming in as the biggest U.S. transaction, according to a report released March 5 by Atlas Hospitality Group.

Economist to Help Develop Chamber’s Clean-Tech Push

The San Diego North Chamber of Commerce said on March 2 that Paul Hendershot will serve as the chamber’s staff economist.

Excel Trust Buys Carlsbad Retail Center for $23.5 Million

Locally based Excel Trust Inc. has purchased La Costa Towne Center, a retail plaza in Carlsbad, for approximately $23.5 million.

Padres Strike a Deal to Keep Playing Spring Training Games in Arizona

To the question of will it play in Peoria, the San Diego Padres gave a resounding yes March 5 when they — and their co-tenants at the ballpark, the Seattle Mariners — announced a 20-year agreement to stay in the Arizona city for spring training.

Monday, March 5

Local Company Secures Work at Orange County Airport

Heritage Security Services, a San Diego-based security business, said it was retained by Orange County to provide armed guard services for John Wayne Airport.

Conference Experts: Real Estate Recovery Far From Complete

Experts at a March 2 commercial real estate conference said the San Diego County market is well on its way to recovery, but hasn’t shaken off the hangover effects of the Great Recession.

Nominations Now Accepted for Healthiest Companies Awards

Does your employer truly care about your well-being? If you work at a company that makes you excited to get out of bed in the morning and head into the office, then fill out a nomination form for the San Diego Business Journal’s third annual Healthiest Companies Awards.

SG Biofuels Secures $17M in Series B Funding

SG Biofuels Inc., a San Diego-based company developing seeds that grow a low-cost feedstock for biofuels, says it has completed $17 million in Series B financing led by health care venture firm Thomas, McNerney & Partners.

Arena Seeks European Union Approval for Obesity Drug Lorcaserin

San Diego-based Arena Pharmaceuticals Inc. on March 2 said it’s seeking regulatory approval to sell its investigational weight-loss drug lorcaserin in the European Union.


HOSPITALITY: Numerous Local Craft Breweries Expanding Their Operations

San Diego County’s unrelenting expansion of its craft beer industry isn’t flattening anytime soon.

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La Costa Makeover Includes Some Technological Flourishes

HOSPITALITY: When Resorts Compete, Tech Offerings May Tip Scales

Operators of La Costa Resort and Spa decided to start off 2012 by adding some high-tech accessories to a $50 million makeover completed at the Carlsbad property in November.

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Incentives Drive Effort To Fight Rare Illnesses

BIOTECH: Patients Are Few, Rewards Are Many

rare genetic disease called Fragile X syndrome — believed to be a leading cause of autism and mental retardation

Social Media Policy Can Stumble Over Words

Facebook is projected to reach one billion active users by August, and Twitter is on track to reach 500 million users this month. Smartphones allow us to post our musings on sites instantaneously.

Spending Locally Makes a World of Difference

With all the political rhetoric these days about getting pension costs and other government spending under control, one might conclude slashing expenses was the primary key to economic recovery.

Gala Works Its Magic to Support Seniors Who Need Assistance

Seacrest Village Retirement Communities held its MAGICAL Moments gala at Estancia La Jolla Hotel & Spa.

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San Diego City Council OKs Redevelopment Spending Plan

San Diego City Council recently approved more than $213 million in spending committed to redevelopment projects through the first half of 2012

Publisher Lee Enterprises Sells Oceanside Industrial Properties

Lee Enterprises Inc., parent company of the North County Times newspaper, has sold three industrial properties in Oceanside for a total of $3.75 million.


cCarthy Building Cos. Inc. has completed construction of the 13,500-square-foot addition to the emergency department and trauma center at Scripps Mercy Hospital,


The Grossmont-Cuyamaca Community College District has an economic impact of more than $477 million on San Diego’s East County region

Executive Profile: David J. Davis

David Davis is the CEO of StarPoint Advantage, a company providing outsourced IT support and services to small businesses in San Diego.

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DATA: Cloud Computing Can Reduce Companies’ Spending on Hardware

lum Designs of Kearny Mesa has been able to build a business out of historic technology.

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Realtors Associations Find More Strength in Fewer Numbers

REAL ESTATE: Two Groups Agree to Merge; Third Rejects Proposal

Virtually every Realtors group has lost members due to the terrible housing market, say officers in Realtors associations.

Drugmakers Looking to Gain From Speedier Regulatory Process

HEALTH CARE: Firm Developing Antibiotics To Combat Superbug

Trius Therapeutics Inc. is among a host of U.S. drugmakers that stand to benefit from a proposed law

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Pathway Genomics CEO Talks Up Personal Genetic Testing

HEALTH CARE: DNA Assessment From Saliva Sample Yields Health Data

In a modest single-story building in Sorrento Valley, Pathway Genomics Inc.’s genetic testing laboratory is brimming with high-tech machinery

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Jamul May Yet Be the Site for a Small Casino

GAMING: Environmental Study Said to Be in the Works for 349-Slot Project

The long-dormant Jamul casino project seems to have some new life in it.

New SAIC CEO Faces Challenges

DEFENSE: Competition for Funding, Talent to Intensify

John Jumper has more than 5,000 flight hours to his credit. Some 1,400 of those hours were flown in combat.

Free Burgers On the Menu At Diner’s Party

The Cohn Restaurant Group’s always popular Corvette Diner celebrates its 25th anniversary this month

Regional Economic Index Showing Steady Gains

ECONOMY: Stock Prices, Consumer Confidence Make Biggest Strides

An index measuring San Diego’s economy rose nearly 1 percent in January, marking the third straight monthly gain and the largest one since April.

Software Companies Offer Array of Applications

TECHNOLOGY: The List Participants Experience Increases in Staff, Revenues

The San Diego Business Journal’s list of Software Companies is an eclectic group.

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Roche Extends Deadline for Illumina Offer

Swiss pharmaceutical giant Roche Holding AG recently extended its $5.7 billion cash tender offer to acquire Illumina Inc.

Startup Discovers Health Care Data Hiding in Social Media Noise

SOFTWARE: Program Can Turn Gossip Into Vital Information for Business

Twitter has more than 100 million active users. Facebook has more than 845 million. And what is one of the most common topics that users are writing about? Their health.

SBA Loan Numbers Solid, But Well Off Last Year’s Pace

FINANCE: Outlook for Region Is Positive, Says Local District Director

Lending guaranteed by the U.S. Small Business Administration in San Diego is down 40 percent in dollars this year

Walmart Debuting First Local Neighborhood Market This Year

Wal-Mart Stores Inc. will open its first local Walmart Neighborhood Market

Cymer’s Revenue, R&D Spending Increase

TECHNOLOGY: Firm Developing Next-Generation Light Source

Cymer Inc. says it is spending a large chunk of its record revenue from 2011 on research and development to advance its technology.

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Company to Make a Scene Downtown

DEVELOPMENT: Improving Conditions Draw New Venues

Good Time Design LLC is betting big on a future where new residents now filling downtown San Diego condos

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Friday, March 2

Walmart Debuting First Local Neighborhood Market This Year

Wal-Mart Stores Inc. will open its first local Walmart Neighborhood Market, the retailer’s small-format grocery store, this year in San Diego’s Logan Heights neighborhood. The store is expected to open by fall.

Carlsbad Company Announces Option to Buy Minority Stake in Firm

Sharewell Capital Group Inc., a Carlsbad holding company aimed at making investments in undervalued assets, said Feb. 28 that it acquired an option and exercised a portion of the option to purchase a minority interest in C & K Capital Corp., a financial services holding company.

Plunge Pool Reopens at Mission Beach

The Plunge, an historic swimming pool at Belmont Park in Mission Beach, reopened on March 1 following a 10-month closure, during which it underwent needed repairs.

Novatel Wireless Sees Profits Decline as Revenue Rises

Novatel Wireless Inc. reported a net loss of $24.9 million on revenue of $402.9 million for its 2011 fiscal year.

Thursday, March 1

San Diego Council Approves $213M in Redevelopment Spending

San Diego City Council on Feb. 28 approved more than $213 million in spending committed to redevelopment projects through the first half of 2012, as the city continued the process of winding down its Redevelopment Agency following a state move to dissolve nearly 400 of them throughout California.

ViaSat Secures $269M From Notes Offering

ViaSat Inc., a Carlsbad-based maker of satellite communications equipment and wireless network systems, said it completed an offering of $275 million in senior unsecured notes due 2020 on Feb. 27.

Lee Enterprises Sells Oceanside Industrial Properties

Lee Enterprises Inc., parent company of the North County Times newspaper, has sold three industrial properties in Oceanside for a total of $3.75 million.

New Entrance Sign Touts Shelter Island Businesses

The Port of San Diego on March 2 will dedicate a new $113,000 entrance sign welcoming visitors and touting businesses on Shelter Island.