Stories for November 2013

Saturday, November 30

Energy Monitoring System Puts Power to Conserve in Your Tablet

TECH: User-Friendly System Provides Tracking At the Granular Level

A $1,000 home energy bill was a wake-up call for Scott Steele. The former Motorola executive had recently moved into a 5,000-square-foot home in Poway and wanted to know more about where the electricity was going.

Shortage of Local Banks for Sale Drives Median Price Up for Buyers

Finance Column

Bank merger activity slowed this year nationally, but prices paid are getting richer, according to a recent study by SNL Financial, a Virginia-based financial research firm.

Three Still Vying To Be the Last Startup Standing

SDBJ Insider

The three finalists in San Diego Venture Group’s annual PitchFest have been selected from a list of more than 90 contestants: student housing search service OnMyBlock, “focused ultrasound” medical device startup Sonrgy Inc. and trust fund service provider TrustEgg.

Harbor Island Could See Wave of Projects

TOURISM: Hotel Proposal Seeks 175 Rooms; Cohn Plans Eatery

Port of San Diego officials in coming months will discuss long-term development prospects for waterfront areas like Harbor Island, where locally based Sunroad Enterprises plans to build a new 175-room hotel.

Firm Names New Managing Partner; Another Expands to Texas

The Business of Law Column

Hecht Solberg Robinson Goldberg & Bagley LLP recently named Michael Maher managing partner. Maher succeeds Darryl Solberg, who has served in that capacity since 1997. Solberg remains an active partner in the firm and is looking forward to focusing solely on practicing law and client relationships.

With Retirement, You Can Pay Now or You Can ‘Pay’ Later

FINANCE: Those Who Haven’t Saved May Find Golden Years Tarnished

As many older employees look at the time they have left before they retire, many realize they haven’t saved enough and are opting to continue working, local wealth advisers said.

Going to the Beach Is Entrepreneur’s Business Plan

STARTUPS: Co-Working Site Plans P.B. Location For Innovation, Inspiration

To Raymond Hivoral, the beach and entrepreneurship are like ice cream and a 90-degree day — they go together.

Nonresidential Construction Malaise Reflects Uncertain Economy

Real Estate Column

San Diego County and the nation are in the midst of steady post-recession recovery when it comes to new construction projects, by most indicators; however, many contractors are not yet in a mood to celebrate.

Shire Nixes New Site During Construction

PHARMA: Dermagraft Sales Decline Big Part of Decision

Irish drugmaker Shire PLC has halted construction of its more than 150,000-square-foot regenerative medicine building in Sorrento Mesa.

Lawsuit Challenges Approval of Convention Center Expansion

TOURISM: Tourism Authority Plans to Resume More Marketing Efforts

The planned $520 million expansion of the San Diego Convention Center faces yet another legal hurdle after a local environmental group filed a lawsuit challenging the California Coastal Commission’s approval of the project.

Sold on Renting

PROPERTY: Housing Market Changes Give Investors Incentive to Rent

Business partners Imran Clark and Darrell Kucan were among the risk-takers in the wake of the housing market collapse, buying houses mainly through short sales — in which banks approved offers below the amount owed on their loans — and often flipping houses in a few days.

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Streetlight Smart Grid Aims to Lighten City’s Bill

ENERGY: Program Is First in Nation, May Also Generate Revenue

The city of San Diego has a plan to reduce what it spends for electricity to power its streetlights — and maybe generate revenue in the process.

Gates Foundation Funds S.D. Co.’s Effort to Build Better Condom

Biotech/Health Care Column

One of the 11 recipients of Bill Gates’ call to build the better condom goes to a Mira Mesa-based company, which posits that a prophylactic crafted from beef tendons could be a market winner.

Pharma’s Odd Couple May Be Perfect Match

PHARMA: GSK and Avalon Creating Climate for Innovation

British pharmaceutical giant GlaxoSmithKline PLC is expanding its West Coast presence with several key moves in San Diego — and its unique partnership with La Jolla-based Avalon Ventures is front and center.

Thursday, November 28

Cubic Corp. Buys Transport Solutions Business From Serco Group for $70M

Cubic Corp., the San Diego defense contractor and mass transit fare collection systems provider, said it completed the acquisition of Serco’s Transport Solutions business for $70 million.

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Trigild Completes $50.8 Million Receivership Sale of Office Building

San Diego-based Trigild has closed a $50.8 million sale of a Rancho Cucamonga office building for which it had been appointed receiver.

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1 Year Postponement Announced of Online Enrollment Option for ACA By Small Businesses

The Obama administration is delaying online enrollment for its small business health exchange by one year.

American Innotek Inc. Gets Contract Potentially Worth $12M for Waste Bags

The Defense Logistics Agency has awarded Escondido-based American Innotek Inc. a sole-source contract for disposable solid-waste relief bags.

Coast Citrus Distributors Gets $15M Pentagon Contract

The Pentagon signed a $15 million contract with San Diego-based Coast Citrus Distributors, which has agreed to provide fresh fruits and vegetables through mid-2015.

Carlsbad Firm Plans New Senior Care Community in Corona

Carlsbad-based West Living, which owns and operates hospitality-based senior living communities, plans to develop a new assisted living and memory care community in Corona.

Pulse Electronics Corp. Ships Its 2 Billionth Antenna

Pulse Electronics Corp., a San Diego based maker of electronic components, recently shipped its 2 billionth antenna.

Tuesday, November 26

EU Gives Conditional Approval for Acquisition of Life Technologies

The European Union gave conditional approval to the purchase of Carlsbad-based Life Technologies Corp. by Thermo Fisher Scientific Inc.

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EDF Renewable Energy Buys Texas Wind Project

San Diego-based EDF Renewable Energy has acquired the 200 megawatt Hereford 1 Wind Project in the Texas Panhandle from Lincoln Renewable Energy, EDF announced.

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Lawsuit Challenges Coastal Commission Approval of Convention Center Project

A local environmental group has filed a lawsuit challenging the California Coastal Commission’s October approval of plans for a $520 million expansion of San Diego Convention Center.

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San Marcos Senior Apartment Complex Sold for $18.8 Million

Providence Perris Apartments LLC of Encinitas has acquired the 122-unit Royal Oaks, a senior apartment community in San Marcos, for approximately $18.8 million.

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Local Unemployment Rate Is 7% for October

San Diego’s unemployment rate for October was 7 percent, unchanged from September and matching the nation’s overall jobless rate for the same month, according to the state’s Employment Development Department.

Ahntech Receives $12.4M Contract Modification From Air Force

The U.S. Air Force recently said it awarded Mission Valley-based Ahntech Inc. a $12.4 million deal to provide services at several Air Force training ranges.

World Trade Center San Diego Announces Leadership Change

Samuel Kephart has been appointed interim president and CEO of the World Trade Center San Diego, the organization announced Nov. 26. He succeeds Steven Weathers, who announced his resignation, effective Dec. 4, for personal reasons.

Pacific Imperial Railroad Names David Rohal President

Pacific Imperial Railroad named David Rohal as president of the company, effective Dec. 1.

Monday, November 25

GlaxoSmithKline to Open San Diego Office

GlaxoSmithKline PLC will open a new office in San Diego at the start of the year, as the British pharmaceutical giant aims to expand its reach on the West Coast.

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Chinese Officials Investigating Qualcomm Over Monopoly Concerns

Qualcomm Inc. announced on Nov. 25 that the Chinese government is investigating the company in relation to China’s anti-monopoly law.

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Qualcomm Finalizes Sale of Omnitracs

Qualcomm Inc.’s sale of its subsidiary Omnitracs Inc. to Vista Equity Partners has been finalized, the company announced.

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County Construction Projects Down 1% from 2012

San Diego County’s contracts awarded for future construction declined 1 percent from a year ago in the first 10 months of 2013, according to new data from McGraw Hill Construction.

5BARz Opening Innovation Center in Sorrento Valley

A company that creates booster technology for strengthening weak cellular signals for voice, data and video reception on cellphones and other such devices announced the opening of an innovation center in Sorrento Valley.

Orexigen to Resubmit Weight-Loss Pill for FDA Approval

San Diego-based Orexigen Therapeutics Inc. will soon reapply for regulatory approval of its weight-loss pill, Contrave, after reporting that interim results from a large-scale study showed the drug doesn’t significantly increase heart disease risk in patients.

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Destroyer 1st to Go to Sea With New Northrop Grumman Computing Network

The U.S. Navy destroyer USS McCampbell became the first ship to go to sea with a new shipboard computing network dubbed Canes, system integrator Northrop Grumman announced on Nov. 25.

Sorrento Therapeutics’ $12M Acquisition Expands Antibody Library

BIOPHARMA: Latest Deal Gives Company Way to Fight Cancer with Targeted Toxin

San Diego-based Sorrento Therapeutics Inc., with the $12 million acquisition of Concortis Biosystems Inc., is rounding out what has been a pivotal year for the company.

Store Benefitting Orphaned Animals Opens in Time for Holidays

Kudos/Giving Column

The Helen Woodward Animal Center invites the public to support orphaned pets by shopping at the Orphaned Object Resale Store and newly revitalized pet supply boutique, Paws in the Ranch — now open at the center in Rancho Santa Fe.

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Too Big To Fail... Five Years Later

FINANCE: Not All Agree Policy Exists or Is Needed

As of the end of September, the nation’s four largest banks held nearly $8 trillion — that’s trillion with a T — in combined assets.

Farmers Insurance Stays the Course on Sponsorship

SPORT: Torrey Pines Golf Tournament Brings Company, County Exposure

Farmers Insurance was hailed as a white knight coming to rescue when agreed to be the title sponsor for San Diego’s biggest golf tournament in 2010.

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Consumer Lending Hurdles Too High for Most Community Banks

Finance Column

Consumer lending will likely be extinct at many community banks thanks to the implementation of the Dodd-Frank comprehensive banking reform law, one local bank executive said.

Executive Profile: Rick Bregman

Rick Bregman joined Bank of America in 1992 via the Security Pacific Bank merger. He was named San Diego market president in 2008.

Street Project Opens Waterfront Vision

Property: Long-Range Plan to Add 2,850 Hotel Rooms

Work has begun on a Chula Vista street extension deemed a key first step toward long-envisioned commercial development of the city’s waterfront, where up to $2 billion in new residential and commercial projects are anticipated over the next 20 years.

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App Company Hopes Shutterbugs Will Have ‘Phun’ Editing Photos

Software: MacPhun Bringing High-End Photo Editing to Pros, Hobbyists

A Del Mar-based software company focused on Mac-based applications for photo editing is hoping its latest, modestly priced product will tap into a growing desire among consumers to improve and share their digital photographs and give professionals a powerful tool for less cost.

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CareFusion Buy Is Vital Part of New Strategy

BIOTECH: Growth Plan Calls For In-House Development

San Diego-based CareFusion Corp. will acquire the Vital Signs division of GE Healthcare for $500 million.

Local Supplement Retailer Pleads Guilty to Charge

SDBJ Insider

News from the police blotter. Local dietary supplement retailer Ultimate Fitness Nutrition Inc. pleaded guilty to four misdemeanors, including the selling of dietary supplements stuffed with steroids and caffeine and questionable advertising practices, according to a news release from the city attorney’s office.

Videos Aimed at Consumers Help Financial Institutions Be Secure

CYBERCRIME: Identity Thieves Are Flourishing In This ‘Connected’ World

Banks and other financial entities that handle customers’ money through online websites are always trying to improve their security protection systems — and they’d better be, longtime security expert and San Diegan Jim Stickley said.

Life Sciences Campus Planned for UTC Site

PROPERTY: Active Industry Builds Momentum for Project

BioMed Realty Trust Inc. is betting that rising financial interest in the life-sciences sector — in the form of increased venture funding, public stock offerings and high-profile acquisitions — will translate into tenants seeking to occupy its new campus planned for University Towne Center.

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Training Mission

DEFENSE: Companies’ Realistic Simulations Bring Home the Lessons of War

The blood and the chaos seem very real during a morning spent training sailors to be U.S. Navy corpsmen on the grounds of Strategic Operations Inc. in Kearny Mesa.

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City, Tourism District Agree on Way to Release Marketing Funds

TOURISM: Plan Calls for Establishing $30M Reserve To Deal With Litigation

The city of San Diego and the Tourism Marketing District leaders have agreed on a plan to free up at least $6 million and jump-start regional visitor-promotion efforts that have been stalled by political and legal disputes over funding.

How Many Planning to Join SHOP to Shop for Co. Health Plans?

Biotech/Health Care Column

I’m starting this column with a request: I’m looking to speak with small business owners who have plans to join Covered California’s Small Business Health Options Program, or SHOP, as it’s scheduled to go online Nov. 25.

Sunday, November 24

Avalon-GlaxoSmithKline Deal Results in 1st Startup, More Planned

Avalon Ventures and GlaxoSmithKline PLC have launched their first company, Sitari Therapeutics Inc., with a $10 million Series A financing from the companies’ $495 million joint funding alliance.

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AMN Healthcare Buys ShiftWise

AMN Healthcare Services Inc., a San Diego-based national health care staffing provider, acquired ShiftWise, a provider of Web-based health care workforce solutions.

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San Diego Company Buys 2 El Cajon Apartment Properties for $5.2 Million

GC Properties of San Diego has purchased two El Cajon apartment communities for a total of approximately $5.2 million, according to CoStar Group and public data.

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Clothing Retailer Free People Debuting at Westfield UTC

Specialty women’s clothing retailer Free People will open its first city of San Diego location Dec. 6 at Westfield UTC mall, 4545 La Jolla Village Drive.

Coronado Operator Plans New Steakhouse Concept

Blue Bridge Hospitality of Coronado plans a spring 2014 opening for Stake Chophouse + Bar, the company’s sixth restaurant concept and eighth location in that city.

Thursday, November 21

Tenaska Refinances $319.4 in Debt

Tenaska, the Omaha, Neb.-based majority owner of a 130 megawatt solar farm in Imperial County, refinanced $319.4 million in debt through a private placement.

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Vital Therapies Postpones Its IPO

Vital Therapies Inc. announced it is postponing its $75 million initial public offering, citing poor market conditions, according to equity research firm Renaissance Capital.

Rancho Bernardo Office Building Sells for $36.5 Million to San Francisco Company

Drawbridge Realty Trust of San Francisco has purchased a Rancho Bernardo office building that houses Broadcom Corp., for $36.5 million, according to CoStar Group and public data.

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NASSCO Gets $12.1 Million Modification for Local Ship Work

Shipbuilder General Dynamics NASSCO of San Diego has been awarded a modification of approximately $12.1 million, under a previously awarded contract for work on the USS Somerset.

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Defense Cuts Seen Hurting an Already Lagging Local Economy

San Diego’s economy is still in the doldrums and shows little signs of regaining its former energy, says the latest report from the National University System Institute for Policy Research.

Scripps and Hospice of the North Coast Consider Partnership

Scripps Health may partner with Hospice of the North Coast, a nonprofit hospice provider that serves coastal North County.

Wednesday, November 20

Adamis Pharmaceuticals files for $25 million secondary offering

Adamis Pharmaceuticals Corp., a San Diego company developing treatments for asthma, has filed for a $25 million secondary public offering.

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Jack in the Box Posts $22.8 Million Fourth-Quarter Profit

Jack in the Box Inc. reported net income of $22.8 million for its fiscal 2013 fourth quarter, nearly double the $12.5 million in net profit for the like quarter of fiscal 2012.

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Ballast Point Signs $16 Million Lease for Miramar Warehouse

Locally based craft beer brewer Ballast Point has signed a 15-year, $16 million lease deal to occupy a 106,584-square-foot industrial facility in San Diego’s Miramar submarket.

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Bond Deal for Poseidon Desalination Plant Deemed Among Year's Best

The $1 billion Carlsbad desalination project was recently named by the Bond Buyer as a Deal of the Year Finalist for the complex and innovative project financing.

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Guild Mortgage Continues S.C. Expansion Strategy

Guild Mortgage Co., the San Diego mortgage bank that started here in 1960, continued opening new offices around the country, including eight in South Carolina since mid-2012.

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Tuesday, November 19

Delta Adding Daily Local Flights to Seattle-Tacoma

Atlanta-based Delta Air Lines will add new daily nonstop flights between San Diego International Airport and Seattle-Tacoma International Airport, beginning June 2, 2014.

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Escondido Apartment Complex Sells for $5.2 Million

The Mission Bell Apartment Homes in Escondido was sold to Bayside LLC for $5,175,000, according to Cushman & Wakefield.

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Mushroom Networks Partnering With Canadian Company

Mushroom Networks Inc., a San Diego-based provider of networking solutions, is partnering with Canadian value added reseller Atcomtel Communications Inc.

Lumena Drug Receives Positive Opinion for Orphan Drug Designation in EU

San Diego-based Lumena Pharmaceuticals Inc. announced its drug LUM001 has received a positive opinion for orphan drug designation from a European regulatory committee.

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Revamp to Follow at Newly Named Declan Suites Hotel

Operators plan a multimillion-dollar renovation of The Declan Suites San Diego, a downtown hotel that recently switched from the Sheraton Suites banner.

American Care Air Ambulance Acquired by REVA

REVA Air Ambulance, a fixed-wing air ambulance service provider, has completed the acquisition of American Care Air Ambulance and its affiliates.

Monday, November 18

CareFusion Buying Vital Signs for $500 Million

San Diego-based CareFusion Corp. said it will acquire Vital Signs, a division of GE Healthcare, for $500 million as CareFusion moves to increase its respiratory care and anesthesiology businesses.

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Norman Shark Software to Be Used By Blue Coat Systems

A Silicon Valley firm has put some San Diego know-how into a new tool to detect malicious software.

Apartments Seen Leading Construction Recovery in 2014

Construction in San Diego County and elsewhere in Southern California should continue to see recovery in 2014, led by coastal development of new apartments, according to a forecast by locally based consulting firm Xpera Group.

Deal Gives Cal Coast Credit Union Naming Rights for SDSU’s Open Air Theatre

California Coast Credit Union signed a 10-year, $3.25 million naming rights agreement with San Diego State University for its Open Air Theatre.

Cardium’s To Go Brands Acquired By Cell-nique Corp. in $2.5M Deal

San Diego-based Cardium Therapeutics has sold its To Go Brands subsidiary in a deal worth $2.5 million.

Local Startups Receive Angel Support

Tech Coast Angels, a group of private investors with a chapter in San Diego, said it recently invested about $1 million in two local startups, SeniorQuote Insurance Services and Rock My World.

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Gaslamp Marriott Adding Balcony Venue to Rooftop Lounge

San Diego Marriott Gaslamp Quarter operators plan a mid-December opening for City Sights, a glass-enclosed balcony venue being added to the hotel’s rooftop Altitude Sky Lounge.

North Park Apartment Complex Sells for $7 Million

Directeur LLC and Immobilier Funds of Rancho Santa Fe have purchased the 28-unit Cota Arms Apartments in North Park for $7 million, according to CoStar Group and public data.

Fitch Downgrades San Ysidro School District Bonds

Fitch Downgraded some $82 million in San Ysidro School District general obligation bonds — series B, C, D, E and F — to BB+ from BBB+.

Vista Equity Completes Tender Offer for Active Network

Active Network, the San Diego based provider of online registration services, said Vista Equity Partners, the private equity firm that agreed to purchase the company in September, completed its tender offer on all of Active’s common stock, closing the transaction.

Vista Apartment Community Sells for $8.35 Million

Orsibs LLC of San Diego has purchased the 49-unit Emerald Vista Apartments in Vista for $8.35 million.

The Business Calendar for the Week of November 18, 2013

Some of the business events happening around the county for the week of November 18, 2013.

Cadence's Stock Up 34% Following Favorable Legal Ruling

Shares for San Diego’s Cadence Pharmaceuticals Inc. shot up 34 percent — to a two year high — following a favorable ruling from the U.S. District Court for the District of Delaware in a patent lawsuit against Exela Pharma Sciences Inc.

Silvergate Launches Mobile App for Banking Services

Silvergate Bank, based in University Towne Center and with about $600 million in assets, launched a mobile banking application that gives customers instant access to their accounts and the ability to make deposits via smartphones and wireless devices.

Illumina's 13.5% Stake in Oxford Nanopore Technologies Is Sold

San Diego-based Illumina Inc.’s 13.5 percent stake in its rival Oxford Nanopore Technologies Ltd. has been sold to other investors.

ImageWare Systems Reports Q3 Earnings

Rancho Bernardo-based ImageWare Systems Inc., which offers biometric identification software, recently reported earnings for its third quarter.

Regional Report

News and notes from communities around San Diego County

The Imperial Beach Palm Avenue eco-bikeway improvements project has been singled out for praise.

Professional Profile: Leigh Kyle

Leigh Kyle is managing principal at Spurlock Poirier Landscape Architects. Since joining the firm in 2004, she’s been project manager for a variety of work, including the San Diego Downtown Parks and Open Space Implementation Plan and the San Diego Federal Courthouse.

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Adventurous Lawyers Can Be a Pretty Cool Crowd to Run With

The Business of Law Columng

Lawyers are people, too — often very cool people. Here’s proof. Jana Beck, a lawyer at Gerson Law Firm APC, completed the 2013 New York Marathon.

Commercial Real Estate Professionals Agree Market Is on the Mend

PROPERTY: Experts Gather to Discuss the State of the Market

San Diego County’s commercial real estate industry is showing strong signs of recovery, although the recession isn’t over. That’s the view expressed by real estate professionals who took part in a recent roundtable discussion hosted by the San Diego Business Journal.

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Market Pumps Up Tandem’s Shares 28% on Its Nasdaq Debut

Biotechnology/Health Care Column

Some happy news for the biotech IPO circuit: On its first day of trading on the Nasdaq, shares for Tandem Diabetes Care Inc. soared 28 percent — or $4.26 — closing day trading at $19.26. It trades on the Nasdaq under ticker symbol TNDM.

Drugmaker Prepares for Launch of Painkiller

PHARMA: Zogenix Raises Funds and Bolsters Sales Force

San Diego-based Zogenix Inc. plans to use most of the proceeds from a recent $60 million public offering to triple its sales force and commercialize its newly approved narcotic painkiller, Zohydro.

News in Brief

Breaking news from

San Diego State University is more than half way toward raising enough money to build a new basketball practice facility on the campus, which will help it to maintain its status as a rising college hoops power, the university announced.

Malls Do More Than Deck the Halls to Bring Back Shoppers

RETAIL: Upgrades, Openings and Even Free Charging Offered

San Diego-area mall operators are looking to tear shoppers away from their computers and mobile devices as much as possible this holiday season — or give them a reason to bring those devices with them.

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Clinic Network Expanding to Get Ready for ACA

North County Health Services will begin a $7.5 million overhaul of its Mission Mesa campus in Oceanside, which it said will more than quadruple the size of the community clinic. It plans to break ground in early December.

Scripps Enters Negotiating Phase to Buy Hospital in El Centro

HEALTH: Acquisition Would Bring More Services To Rural Area Residents

Scripps Health could acquire El Centro Regional Medical Center, a 161-bed hospital that’s been shopping for a buyer since May.

BioSeal Seeks to Breathe New Life Into the Body Bag Market

MANUFACTURING: Co. Meets Variety of Needs for Containment, Transport

Body bags are hardly a pleasant topic of conversation, but someone has to make them to serve a niche market need.

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PitchFest Top 10 To Make Startups A Spectator Sport

SDBJ Insider

The San Diego Venture Group released the names of the 10 startups that will battle for $25,000 in cash at its annual PitchFest set for Dec. 12 in La Jolla. The semifinalists were chosen from more than 90 applications.

Confidence Helps Build New UTC High-Rise

PROPERTY: Irvine Co. Is Self-Financing $100M Project

Irvine Co., San Diego County’s largest office landlord, recently began work on La Jolla Centre III, a 15-story office tower at University Towne Center. The tower, being built largely on spec, will be Irvine Co.’s first new-construction high-rise project since it entered the local market 30 years ago.

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Sharing Prosperity on the Agenda for Chamber Appointment

TRADE: Paola Avila Sees Binational Efforts As Key to Growth

Paola Avila hasn’t yet started her new job as executive director of the San Diego Regional Chamber of Commerce’s Mexico Business Center, but already she’s got lots of ideas.

Steady Leadership

PROPERTY: New CEO Carries on Realty Income’s Solid Investment Strategy

The new CEO of Realty Income Corp. had an education in real estate that began while he was still in the seventh grade, working on projects being built by his father’s development company along the Gulf Coast, near his Alabama home town of Mobile.

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Country Music Star Shares Life Story to Promote Foster Care

Kudos/Giving Column

Walden Family Services, a nonprofit foster care and adoption agency, recently held its 10th annual Wine D’Vine Gala fundraising event, which raised nearly $300K to further the organization’s mission of providing care and support to foster children and families.

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Hearings on Merger Sought; Community Reinvestment an Issue

Finance Column

A group of community organizations, led by the California Reinvestment Coalition, is asking bank regulators to take a closer look and hold public hearings on PacWest Bancorp’s proposed acquisition of CapitalSource Inc., parent of CapitalSource Bank.

Global Hawk Unmanned Spy Plane Is on South Korea’s Radar

DEFENSE: Foreign Sale Could Give Northrop New, Key Client

A defense contractor with a large San Diego workforce may get a key overseas military sale next year.

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Next Wave In Stem Cells

Biotech: Researchers, Investors Still Waiting for Effective Therapies

San Diego is a beacon nationally for its advances in regenerative medicine and stem cell research, but the field has faltered in its transition from the bench to the bedside.

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Navy Enlists Help of Online Game to Create Sea Change

Technology Column

The U.S. Navy has a to-do list longer than Point Loma: The world is getting more complicated, there’s a fleet to maintain, infrastructure to tend, and only so many bodies. Now, the defense budget is shrinking.

Co. Weighs Its Options Buying Jenny Craig

RETAIL: North Castle Adds Buy To Portfolio That Includes Curves

An iconic name in San Diego County business is changing hands, again. Swiss multinational company Nestlé SA is selling weight-loss industry competitor Jenny Craig to North Castle Partners LLC, a small-cap consumer private equity firm focused on health, wellness and active living.

Apartment Owners Continue to Enjoy Low Vacancy, Rising Rents

Real Estate Column

It’s a great time to be an apartment complex owner in San Diego County, judging by the late-year numbers.

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Ketema Federal Credit Union to Join with California Coast Credit

FINANCE: Firm’s 429 Members to Vote On Proposed Merger

Ketema Federal Credit Union, one of the smallest in the county with about $1.3 million in assets, obtained preliminary approval from federal and state regulators to merge with California Coast Credit Union, San Diego’s third largest.

Region Is 15th in Commercial Real Estate Investment Rankings

PROPERTY: Science, Military Realignment Part of Region’s Pluses

Fueled by continued technology-oriented job growth, San Diego retains its place as the nation’s 15th-best metro market for commercial real estate investment, according to the latest annual trends report by consulting firm PwC and the Urban Land Institute.

Friday, November 15

Group Tries to Block Ballot Measure That Would Reverse Barrio Logan Zoning Change

An advocacy group went to court Nov. 14 to stop industry’s effort to put a measure on the local ballot.

Kearny Mesa Apartment Complex Sold for $121 Million

Essex Property Trust Inc. of Palo Alto has purchased the 379-unit Domain by Alta apartment community in Kearny Mesa for $121 million.

Tandem Diabetes Shares Up 28% on 1st Day of Trading

On its first day of trading on the Nasdaq, shares for Tandem Diabetes Care Inc. soared 28 percent — or $4.26 — closing day trading at $19.26.

SR Commercial Buys 2 Buildings for $8.5 Million

SR Commercial of Solana Beach has acquired two local office and industrial properties, for a total of $8.5 million.

San Diego Business Journal — Special Offer to eNews Subscribers

The San Diego Business Journal is offering its estimated 42,000 daily eNews subscribers an introductory subscription to the Journal’s weekly print and online editions.

Overland Storage Reports Q1 Revenue of $10.6M

Overland Storage, the San Diego provider of data storage services, reported fiscal 2014 first quarter revenue of $10.6 million, compared with $11.7 million for the like quarter of the prior fiscal year.

Celladon to Postpone Its IPO

San Diego-based Celladon Corp. has chosen to postpone its $75 million initial public offering, citing poor market conditions, according to equity research firm Renaissance Capital.

Thursday, November 14

Sorrento Therapeutics Is Acquiring Concortis BioSystems in $12M Deal

San Diego-based Sorrento Therapeutics announced it is acquiring Concortis BioSystems, a San Diego biotech, in a deal worth about $12 million.

Tandem Diabetes Prices 8M Shares at $15 Apiece for IPO

San Diego-based Tandem Diabetes Care Inc. has upped the ante of its previously announced initial public offering, increasing the targeted goal from $100 million to $120 million.

SDSU Says Nearly $8M Already Raised to Build Basketball Facility

San Diego State University said it’s more than half way toward raising sufficient funds to build a new basketball practice facility on the campus, which will help it to maintain its status as a rising college hoops power.

Developer OliverMcMillan to Start Work On Honolulu Condo Tower

San Diego-based developer OliverMcMillan plans to break ground Nov. 20 on a 388-unit, mixed-use condominium tower in Honolulu.

Median House Price Up 17.9% for the Year in October

The median price for houses sold in San Diego County in October was $412,750, down 2 percent from September’s median, but up 17.9 percent from October 2012, according to the latest Dataquick market report.

Kratos Gets $5.8M Contract for Hospital Security and Communication System

Kratos Defense & Security Solutions Inc. recently said that it received a $5.8 million contract to deploy a specialized security and communication system at a hospital campus.

Judy Hoffman Named President at Trigild

Real estate services provider Trigild has named Judy Hoffman as president of the San Diego-based company.

Wednesday, November 13

ViaSat Reports Q2 Revenue of $353.9M

ViaSat Inc., the Carlsbad maker of satellite equipment and provider of Internet services, reported fiscal 2014 second quarter net income of $1.9 million, compared with a net loss of $7.9 million for the like quarter of last year.

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Nassco Gets Contract for New Tanker

General Dynamics Nassco announced Nov. 12 that it received a new contract to build a tanker for Seabulk Tankers Inc.

Linear Expands Into 2nd Facility

Linear LLC, a Carlsbad manufacturer of security devices for residential and commercial use, recently expanded into a second facility near McClellan-Palomar Airport, adding about 35,000 square feet to its existing plant.

Organovo Issues Q2 Results; Reports $50M in Cash Reserves

Shares for San Diego biotech Organovo Inc. jumped as much as 17 percent in day trading after settling in at a 4 percent increase following the company’s release of its second quarter results.

Zigzag Pizza's Oceanside Debut Is 17th Local Restaurant for Cohn

San Diego-based Cohn Restaurant Group has opened Zigzag Pizza Pie, a new quick-service restaurant concept in Oceanside.

Target Closing Store in Northern Chula Vista

Minneapolis-based retailer Target Corp. plans to close its store in northern Chula Vista at the close of business on Feb. 1, 2014.

Building Housing TaylorMade Golf Sells for $5.6 Million

Corsair Properties LP of Yorba Linda has purchased a Carlsbad industrial property, currently leased by TaylorMade Golf, for $5.6 million.

Tuesday, November 12

Illumina Names High-level Symantec Exec as President

San Diego DNA sequencing company Illumina Inc. has appointed Francis deSouza, a Bay Area computer security executive, as its president. He will join the company in December.

Arena Pharmaceuticals Stock Continues Climb

Shares for San Diego’s Arena Pharmaceuticals Inc. continue to rise following its Nov. 7 announcement that it will expand its partnership with Japanese drugmaker Eisai Co. to market the anti-obesity medication Belviq.

D&K Grows Revenue, Local Manufacturing Operations

D&K Engineering Inc. reported revenue in the $80 million to $100 million range during the fiscal year that ended Sept. 30. That is up from $63.7 million in 2012 and $37.0 million in 2011.

Covario CEO Named Chairman, Will Relinquish CEO Title

Covario Inc. co-founder and CEO Russ Mann was elected chairman of the company and will turn over his position of CEO to three current executives, the San Diego-based search engine marketing agency said.

Mad Catz Interactive’s Losses $4.5 Million in Quarter

Mad Catz Interactive Inc., a maker of video game accessories, saw its net loss for the second quarter of its fiscal 2014 increase tenfold to $4.5 million — up from $450,000 in the like quarter of fiscal 2013.

Latest Design Plans for Border Transportation Center Being Reviewed

The San Diego Association of Governments, the regional planning agency also known as Sandag, will unveil a new design alternative on Wednesday for a proposed intermodal transportation center in San Ysidro.

Baskin-Robbins Expanding in East County

Local franchisee Paul Martinez recently opened his second East County Baskin-Robbins ice cream location, with a third planned as a part of a new store development agreement announced by Massachusetts-based Baskin-Robbins.

Mobile Learning Gets $350K in Seed Funding

San Diego-based Mobile Learning Networks Inc. received $350,000 in seed funding, the company said recently.

Monday, November 11

Arena to Expand Partnership With Eisai

Shares for San Diego’s Arena Pharmaceuticals Inc. rose 17 percent following news that it will expand its partnership with Japanese drugmaker Eisai Co. to market its weight loss pill Belviq.

County Median House Price Is $475,000 for October

The median price for a single family house sold in October in San Diego County was $475,000, a 2 percent drop from September, but 19 percent above the median price for October 2012, according to the latest report from the Greater San Diego Association of Realtors.

Small Business Fair to Present Government Officials’ Advice on Taxes, Other Issues

Small business owners seeking assistance with state and federal tax laws, and residents who wish to expand their business knowledge, are invited to a free small business fair Nov. 14 from 9 a.m. to 2:30 p.m. at Chula Vista’s City Council chambers at 276 Fourth Ave.

Leap Reports Net Loss of $185.4M for Q3

Leap Wireless International Inc., the flat rate carrier doing business as Cricket being sold to AT&T, reported third quarter net losses of $185.4 million compared with a net profit of $25 million for the like quarter of 2012.

Business Calendar for Week of November 11, 2013

Some of the business events happening around the county for the week of November 11, 2013.

Sequenom Stock Up After Q3 Earnings Beat Projections

Stock for Sequenom Inc. rose 24 percent after news that its quarterly earnings beat Wall Street projections.

Walmart Opens Hiring Center for Upcoming Oceanside Store

Wal-Mart Stores Inc. has opened a temporary hiring center in Oceanside, where it is looking to hire up to 65 people to work at a planned new location of its Walmart Neighborhood Market in that city.

MetroPCS Will Offer Kyocera Handset

San Diego-based Kyocera Communications Inc. said that wireless carrier MetroPCS — which recently kicked off service in the San Diego area — will offer Kyocera’s Hydro XTRM handset.

Legoland’s Loss Is a Win for Grand Pacific Resorts’ Proposal

PROPERTY: Council Goes Against Committee Pick for Development

Carlsbad officials will soon begin talks with operators on a planned expansion and re-branding of the Sheraton Carlsbad Resort & Spa, after rejecting a new Legoland California Resort hotel proposed for the same city-owned property.

Those Virtual Worlds Are Fast Becoming a Business Reality

Technology Column

My avatar is better looking and probably taller than I am in real life. He stands in place outside the lecture hall, shifts his weight and brings one hand to his chin while the other goes akimbo on his waist. The body language says, “Hmmm ….”

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Regional Report

News and notes from communities around San Diego County

The Living Discovery Center, a nonprofit zoo and aquarium at the Sweetwater Marsh National Refuge, said it’s staying open after receiving sufficient donations to offset a budget shortfall.

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Sanford’s $100M Gift to Accelerate Stem Cell-based Therapies

Biotechnology/Health Care Column

The CEO of a local stem cell company who I spoke with recently joked that UCSD — as the University of California, San Diego used to abbreviate its name before it adopted the short form UC San Diego — should be renamed as UCDS. That would stand for the University of California-Denny Sanford.

Local Business Sells Tanks in Cuba … Scuba Tanks, That Is

SPORT: Dive Shop’s Guantanamo Bay Location Serves Navy Base Personnel

Werner Kurn has one of the most unconventional defense contracts in San Diego.

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Silvergate Says Dividend Paid To Parent Co. Cut Its Earnings

Finance Column

Silvergate Bank, the area’s fourth-largest commercial lender, reported reduced third-quarter profit of $1.37 million, down about $1 million from the like quarter of last year.

Data With Destiny

TECH: Big Data’s Future Includes a Huge Role in Business

As San Diego County companies strive to match the products they make with the buyers who need them, they increasingly are turning to “big data,” the science of sorting through multiple layers of computer-generated information to identify likely clients.

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Big Data Delivers Solutions to Real Human Problems in Real Time

TECHNOLOGY: Tools Address Clean Water, Sanitation, Rogue Armies

A local digital marketing and engineering agency and one of the world’s largest information technology product makers are demonstrating that big data is about more than lofty concepts and ones and zeros without end; it’s about people.

Executive profile: Shayne Skaff

Shayne Skaff is co-founder and president of MaintenanceNet Inc. and a long-time surfer and exercise fanatic. At MaintenanceNet, he has helped create a successful business that has attracted tech giants such as Cisco Systems Inc., Panasonic Corp. of North America and Ingram Micro as customers, according to the company.

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Bad Math Behind Teachers’ Retirement System

Commentary: Editorials, letters, columns and other opinions

Pension woes are not limited to your local City Hall. Other government-funded retirement plans also pose substantial risk for taxpayers, with large pension debts and inadequate reform efforts from elected officials.

Investor Seeks to Redirect Focus of Volcano Corp. Management

BIOTECH: Stock Repurchases, Incentives Suggested for Company

Rumblings of change may be in store for Volcano Corp., now that an activist investor has acquired 5.1 percent of the San Diego-based medical device maker’s shares.

Supporters Take the Steps to Help Provide Hospice Therapy

Kudos/Giving Column

The LightBridge Hospice Community Foundation, charitable arm of local LightBridge Hospice & Palliative Care, held its fifth annual LightBridge Walk at the Naval Training Center Park in Liberty Station.

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These Are Not Your Housing-Bubble Alternative Mortgages

FINANCE: Lending Instruments on Upswing Bringing Needed Business

Home loans for people who don’t meet the stringent underwriting requirements to be prime borrowers can still find financing, although it’ll cost more, housing industry sources said. And they appear to be doing so at an increasing pace.

Mom’s Hot Iron Holster Draws Interest, Prompts New Products

RETAIL: Invention Goes From Bathroom To Big-Box Stores

It was Erin Balogh’s frustration with a pedestal sink that led her to create the Hot Iron Holster.

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Qualcomm Earnings Up, Stock Price Not So Much

TECH: CEO Is Pleased With Year, Expects More Growth

Despite turning in a record year in revenue and earnings, Qualcomm Inc.’s fiscal fourth quarter results didn’t impress the market, which pushed down the stock.

Garden Fresh Restructures Debt to Help it Grow

RESTAURANTS: Plan Includes New Capital From Existing Equity Partners

Faced with rising competition on its soup-and-salad turf, San Diego-based Garden Fresh Restaurant Corp. has taken financial steps to grow its Souplantation and Sweet Tomatoes brands.

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Catering Company Readies for Role At Winter Games

SDBJ Insider

Here’s a local angle to the upcoming Winter Games. Behind the Scenes Catering, a Sorrento Valley-Mira Mesa-based catering firm, will be cooking meals for 5,000-plus members of the U.S. broadcast and international media, as well as corporate sponsors and athletes, at the 2014 Winter Olympics in Sochi, Russia, come February and March.

Achates’ Innovations Drive Fairbanks Deal

TECH: Cleaner, More Efficient Engines Are Goals

A young, venture-funded engine technology company has found a partner in one of the country’s most established engine manufacturers.

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School Has Game Plan For Bowl Sponsorship

SPORT: National University Gets Publicity, Team Building

Although it’s got some recognition here, National University knows it’s not a household name, and it wants to change that.

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Santarus Being Bought By Salix for $2.6 Billion

BIOTECH: Sales Forces Merge; Portfolios Seen as ‘Complementary’

Santarus Inc., a San Diego maker of diabetes and gastrointestinal drugs, has agreed to be acquired for $2.6 billion by Salix Pharmaceuticals Ltd.

The Guest Quest

TRAVEL: Marriott Makeover Part of Trend Of Property Upgrades

Downtown’s San Diego Marriott Marquis & Marina is in the midst of a long-term $200 million makeover that, by the time it’s done in mid-2016, will leave it practically unrecognizable from the property that first opened in 1984.

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Friday, November 8

Santarus Being Bought By Salix for $2.6 Billion

Santarus Inc., a San Diego maker of diabetes and gastrointestinal drugs, has agreed to be acquired for $2.6 billion by Salix Pharmaceuticals Ltd.

Nestle to Sell Most of Its Jenny Craig Business

Nestle SA said that it agreed to sell the North American business of Jenny Craig to a private equity group, which said it planned to combine it with the Curves International fitness chain.

$18.8 Million Urban Infill Development Underway at Golden Hill

Locally based investment firm Presidio Residential Capital has provided $8.2 million to build the first phase of a planned $18.8 million urban infill project in San Diego’s Golden Hill neighborhood.

Encore Capital Reports Net Income of $21M for Q3

Encore Capital Group, the San Diego collector of charged-off credit card debt, reported third quarter net income of $21 million compared with net income of $21.3 million for the like quarter of 2012.

Kratos Reports Net Loss of $9.9M for Q3

Kratos Defense & Security Solutions Inc. reported a net loss of $9.9 million on total revenues of $226.4 million during the third quarter ended Sept. 29.

Oceanside Retail Building Sells for $6.2 Million

Encin Real Estate of La Jolla has purchased an Oceanside retail building, which includes a McDonald’s restaurant, for approximately $6.2 million.

Company Looking to Fill 600 Temporary Positions at Job Fair

Provide Commerce, the San Diego parent company of ProFlowers, Red Envelope and other online retailers, is holding a job fair to hire 600 temporary customer service associates Saturday, Nov. 9 at the offices at 4830 Eastgate Mall from 10 a.m. to 1 p.m.

Thursday, November 7

Qualcomm Net Income, Revenue Increase in Q4; Yearly Revenue Hits $25B

Qualcomm Inc. reported fiscal 2013 fourth quarter net income of $1.5 billion, up 18 percent from the like quarter of 2012.

Realty Income Corp. Reports Revenue Up 70.2% for Q3

Escondido-based Realty Income Corp. reported record operating results for its third quarter ending Sept. 30, with revenue up 70.2 percent from the year-ago period, to $199.3 million.

Novatel Cuts Q3 Loss 84%, as Restructuring Is Implemented

Novatel Wireless Inc., which is two months into a restructuring push, cut its loss by 84 percent during the third quarter.

Sempra Reports Q3 Earnings

Sempra Energy reported third quarter net income of $296 million, compared with net income of $268 million for the like quarter of 2012.

Rhino Linings Buys Advanced Coating Solutions

Rhino Linings Corp., a San Diego maker of protective truck linings, said it acquired Advanced Coating Solutions, a San Diego developer and manufacturer of coatings including epoxies, urethanes, stains, sealers and topcoats, for an undisclosed price.

Acadia Pharmaceuticals Reports Net Loss of $10.7M for Q3

San Diego-based Acadia Pharmaceuticals Inc. reported a net loss of $10.7 million in its third quarter earnings this year — an increase from its $2.4 million loss in the third quarter of 2012.

Third Quarter Revenue Up at BioMed Realty Trust

BioMed Realty Trust saw revenue rise 18.4 percent from a year ago in its third quarter ending Sept. 30, reaching $159.2 million.

Sophiris Applies for Voluntary Delisting From Toronto Stock Exchange

San Diego’s Sophiris Bio Inc. has applied for a voluntary delisting from the Toronto Stock Exchange.

Wednesday, November 6

Davis Cup Coming to Petco Park

The 2014 Davis Cup is coming to San Diego’s Petco Park, the U.S. Tennis Association announced.

City Council Gives Tentative Approval to Boost in Commercial Construction Fees

San Diego City Council has given preliminary approval to a hike in “linkage” fees, assessed on commercial construction projects, by five times or more, to fund affordable housing development in the city.

Tandem Diabetes to Price IPO Shares at $13 to $15

San Diego-based Tandem Diabetes Care Inc. has set the terms for its $100 million IPO, offering 7.1 million shares at a price of $13 to $15.

Bridgepoint Buys Rights to Use Forbes' Name on Business School as Part of Wider Collaboration

Bridgepoint Education, the San Diego for-profit provider of college courses mainly through online channels, struck a deal with Forbes Media LLC to name its business school under Ashford University the Forbes School of Business.

Cytori Shares Surge in Wake of Licensing Deal With Chinese Company

San Diego-based Cytori Therapeutics Inc. could receive as much as $531 million in an Asia Pacific licensing deal with Chinese regenerative medicine company Lorem Vascular.

ViaSat Gets $39.2M Contract Modification from Navy

The U.S. Navy awarded Carlsbad-based ViaSat Inc. a $39.2 million contract modification for specialized voice and data communications equipment.

General Dynamics Ceremony Marks Initial Step of Ship’s Construction

General Dynamics Nassco laid the keel of its third mobile landing platform ship in ceremonies Nov. 5 at its Barrio Logan shipyard.

Three Stores Debut at Flower Hill Promenade

Three new retailers have joined the merchant roster at the recently renovated Flower Hill Promenade in Del Mar.

Tuesday, November 5

Sanford’s $100 Million Gift Launches Stem Cell Center at UCSD

Businessman and philanthropist T. Denny Sanford has committed $100 million to create the Sanford Stem Cell Clinical Center at University of California, San Diego.

Former Seafood Exec Sentenced to 41 Months for Embezzlement

Jaime Cuadra, who was spearheading an the resurrection of the defunct United States Football League, was sentenced to 41 months in prison and ordered to repay more than $1 million he admitted to embezzling from a local seafood company where he served as chief financial officer, according to the U.S. Attorney’s Office.

U-T Buys 8 Community Newspapers

U-T San Diego is buying eight community newspapers and websites in San Diego County.

Zogenix Announces $60M Stock Offering

Right on the heels of the Food and Drug Administration’s approval of the narcotic painkiller Zohydro, San Diego-based Zogenix Inc. has announced a $60 million public offering of its stock.

South Korea to Buy 4 Global Hawks

South Korea plans to buy four Northrop Grumman Global Hawk high-altitude spy aircraft, according to a report from Reuters.

RF Industries Is Selling Its RadioMobile Division

RF Industries Ltd., the San Diego maker of cable assemblies and radio frequency connectors, said it sold its RadioMobile operations to a new spinoff business formed by that division’s management team.

DriveCam Inc. Changes Name to Lytx Inc.

DriveCam Inc., a San Diego provider of recording equipment installed in vehicles to help drivers improve their driving, changed its name to Lytx Inc.

The Pizza Studio Plans to Open 1st of Several County Locations

The Pizza Studio, a Los Angeles-based fast-casual restaurant, is planning to open its first eatery in the county with a downtown location in January of 2014, to be followed by a second location expected to open in Kearny Mesa in March of 2014.

Monday, November 4

Oceanside Mixed-Use Complex Sells for $81 Million

Piazza D’Oro, a 221-unit multifamily and mixed-use complex in Oceanside which includes 17,000 square feet of leasable office space, sold for $81 million.

Celladon Announces Terms of Planned $75M IPO

San Diego-based drugmaker Celladon Corp. announced the terms of its approximately $75 million initial public offering, with plans to release 5 million shares of stock at a price range of $14 to $16 per share.

Overland Storage to Buy Tandberg Data

Overland Storage, the San Diego based provider of data storage services, agreed to acquire Tandberg Data, a German data storage and protection business in an all-stock transaction for an undisclosed price.

General Atomics ASI Gets $27.6M Contract With France for Drone Logistics

The French government has asked Poway-based General Atomics Aeronautical Systems Inc. to provide logistics support for France’s Predator-family remotely piloted aircraft.

I.E.-Pacific Receives Navy Construction Contract Worth Up to 12.8M

The U.S. Navy recently awarded a construction contract worth up to $12.8 million to San Diego-based I.E.-Pacific Inc.

Active Network Reports Q3 Net Revenue of $117.5M

Active Network, the San Diego provider of online registration services, reported third quarter net revenue of $117.5 million, up 8 percent from the like quarter of 2012.

Business Calendar for Week of November 4, 2013

Some of the business events planned for the week of November 4, 2013.

Gait-Way Technology

HEALTH: DJO Sees Aging Population Needing Its Devices to Stay Mobile

Vista-based DJO Global Inc.’s DonJoy brand has minor celebrity status in the football circuit, with its knee braces making regular cameos on national television.

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New Naval Hospital at Camp Pendleton Plans to Open in December

HEALTH: Project Finished Ahead of Schedule and $100 Million Under Budget

Six months ahead of schedule and more than $100 million under budget, the joint-venture team of Clark Construction Group LLC and McCarthy Building Cos. Inc. is putting the finishing touches on a $456 million naval hospital at Marine Corps Base Camp Pendleton.

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Executive Profile: Mary Lacroix

Mary Lacroix is CEO of Cognitive Medical Systems. The company develops custom clinical decision support solutions from its stable of software tools. With headquarters in San Diego, it is a certified HUBZone, service-disabled, veteran-owned and economically disadvantaged woman-owned small business.

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Put Your Experience to Work in Mentoring

Commentary: Editorials, letters, columns and other opinions

Great mentors are generally people of good will who get satisfaction out of helping create opportunities for other people by sharing their knowledge. This is not always as easy as it sounds, but it can prove tremendously rewarding.

U.S. Court of Appeals Upholds Patent Case for Sheppard Mullin

The Business of Law Column

Sheppard Mullin Richter & Hampton LLP lawyers Steve Korniczky, Martin Bader, Matthew Mueller and Gray Buccigross earned another big win for client HTC Corp.

Zuza Strives to Make Your Business Look Real Good ‘on Paper’

SERVICE: Company Combines Print, Digital to Deliver Custom Materials

The smartphone and the tablet did not kill off the printing press. In fact, digital technology is turning Johannes Gutenberg’s 15th century invention into a different machine altogether.

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Aqua Lung Gets More Breathing Room

SPORT: Diverse Product Line Counters Dips in Dive Market

On the surface — or rather, just below it — Aqua Lung International would seem to be merely a diving equipment company. But the Vista-based company has crafted a strategy of late to expand into neighboring market segments, knowing that the tides of business can quickly turn on a limited product line.

New CEO, New Course Improve Co.’s ‘Score’

SPORT: Callaway Golf Takes Leaner, More Decisive Approach

Callaway Golf Co. seems to be shooting under par on its comeback course. The Carlsbad-based maker of golf clubs, balls and accessories reduced its traditional third-quarter loss, increased its yearly revenue forecast and said it might even turn a profit for 2013.

Acquisitive Insurance Co. Buys G.S. Levine

INSURANCE: Firm Plans to Keep Office, Leadership Intact

Arthur J. Gallagher & Co., one of the nation’s largest insurance brokerages, has acquired San Diego-based G.S. Levine Insurance Services for an undisclosed price.

Qualcomm Likely to Appeal $173M Verdict

TECH: Co. Says Patents at Issue Are ‘Old Technology’

Qualcomm Inc. plans to appeal a federal jury’s decision to award $173 million in damages to a Florida company that sued the San Diego tech giant for patent infringement.

Making the Case

RETAIL: Urban Wineries Create a Following With Their Winemaking Talents and Central Locations

Mike McWilliams was looking for small wine bar as a retirement business several years ago before he ended up buying something called an urban winery.

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Website Brings Accredited Investors, Startups Together

SDBJ Insider

Startups in need of angel funding have a new source to possibly tap here in San Diego. Michael J. Kinkelaar, senior partner in the downtown office of Procopio Cory, Hargreaves & Savitch, has been working with Orange County investment bank Roth Capital Partners plus member organizations Connect and Orange County’s Octane to launch a new website,

Tri-City Looks to Change More Than Just Its CEO

MEDICINE: It Will Focus on Improving Stakeholders’ Experiences

Tri-City Medical Center is regrouping after the firing of its chief executive, Larry Anderson, with Chief Operating Officer Casey Fatch filling the position in the interim.

Real Estate Group Targets Town & Country Resort

PROPERTY: Lowe Said to Be Wanting to Buy, Redevelop Site

Lowe Enterprises’ real estate group is looking to buy and redevelop the Town & Country Resort & Conference Center, according to a lobbying disclosure form filed with the city of San Diego.

Seragon’s Investors Ready to Bet Again On a Winning Team

PHARMA: Many at Co. Have A ‘Rich History’

Seragon Pharmaceuticals Inc. — a new San Diego company focused on breast cancer therapies with a management team coming off an extremely lucrative exit — has raised $30 million in Series A financing.

PriceSmart’s Stock Among Best Performing of Local Public Companies

RETAIL: Expansion Outside U.S. Contributed To Revenue, Earnings

PriceSmart Inc., the San Diego-based operator of club warehouse stores in Latin America and the Caribbean, turned in another stellar fourth quarter and year, causing investors to take notice.

Proposed Crowdfunding Rules Bring Opportunities and Obstacles

FINANCE: Some Say Regulations Would Still Be Too Cumbersome

Startups seeking capital may find fertile ground through the proposed federal rules covering crowdfunding, but some of those rules could also inhibit businesses from using this process to raise money.

Top Lenders Lead the Way for Local Increase in SBA Loans

Finance Column

U.S. Bank supplanted Wells Fargo Bank as the No. 1 lender of SBA loans by number this year in the San Diego market — by a single loan.

Illumina Acquires ‘Big Data’ Tech Firm to Advance Gene Research

Biotech/Health Care Column

Illumina Inc. has acquired Silicon Valley-based NextBio Inc., which uses big data technology to systematically catalogue and interpret genetic data. This is a notable move for a company like Illumina that has a vested stake in lowering the cost of sequencing the human genome.

Regional Report

News and notes from communities around San Diego County

The owners of Coronado Brewing Co. recently signed a 25-year lease for a building in Imperial Beach, co-founder Ron Chapman said.

Friday, November 1

Shareholders Approve Leap Wireless’ Sale to AT&T

Leap Wireless International Inc., the flat rate carrier doing business as Cricket, said more than 99 percent of the votes cast at the special shareholders meeting Oct. 30 approved the company’s sale to AT&T.

Port Assigned an A+ Rating for Revenue Refunding Bonds

The San Diego Unified Port District said two major credit rating agencies, Fitch Ratings and Standard & Poor’s, assigned an A+ rating to $19 million in revenue refunding bonds that will be issued next month.

San Diego Private Bank Reports Q3 Net Income of $456,000

San Diego Private Bank reported third quarter net income of $456,000, up 80 percent from the net earnings in the second quarter of this year.

Achates Power Signs Joint Development Agreement With Fairbanks Morse Engine

Fairbanks Morse Engine, a Wisconsin business that has built opposed-piston engines for nearly 100 years, has signed a joint development and licensing agreement with San Diego-based Achates Power Inc., which has a new design for the opposed-piston engine.

Northrop Grumman’s New Version of Unmanned Helicopter Makes 1st Flight

A new version of the U.S. Navy’s unmanned helicopter made its first flight on Oct. 31 at Naval Base Ventura County in Point Mugu.

Sequenom Shares Dip After Unfavorable Ruling in Lawsuit

Shares for San Diego-based Sequenom Inc. plunged 23 percent after it reported in a regulatory filing that it received an unfavorable ruling in a patent infringement case against San Jose-based Ariosa Diagnostics Inc.