San Diego Business Journal

Wednesday, November 30

Mission Bay Hilton Resort Renovation Nears Completion

The 357-room Hilton San Diego Resort & Spa at Mission Bay is scheduled to complete a $1.1 million renovation by Jan. 15.

Fallbrook Technologies Seeks Growth in Asia

Fallbrook Technologies Inc., a San Diego maker of continuous variable transmissions used in the bicycle and auto industries, said Nov. 28 that it has entered into a partnership with Perfect Sport International Ltd. to help the company with sales and business development in Asia.

Tuesday, November 29

UCSD Chancellor Joins Bridgepoint Education Board

Marye Anne Fox, chancellor of UC San Diego, was appointed to a seat on the board of Bridgepoint Education, the company announced Nov. 21.

USS Midway Museum Holding Workshops on Proposed Park

Local residents and businesses can give their input at three public workshops being presented by the USS Midway Museum in San Diego to discuss a new park and architectural element proposed for Navy Pier.

Monday, November 28

Kratos Pays $17.5M for Cybersecurity Specialist

Kratos Defense & Security Solutions Inc. said on Nov. 15 that it acquired a company that specializes in cybersecurity for $17.5 million in cash.

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Navy Puts Northrop Project on Fast Track

DEFENSE: Company Aims to Deliver Unmanned Helicopter Fitted for Rockets in 2013

The U.S. Department of Defense is finding more uses for Northrop Grumman Corp.’s Fire Scout unmanned helicopter.

Making Good Students Is Everyone’s Business

Recently, United Way Worldwide launched a major initiative to recruit one million education volunteers to act as readers, reading and math tutors, mentors and graduation coaches.

Foundation Is Employing Its Resources for Workforce Development

The Escondido Charitable Foundation granted $90,000 to local organizations that focus on workforce development.

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Food Trucks Deliver More Dining Options to Consumers

HOSPITALITY: Social Media Map Out Mobile Menu Choices for Diners

When RJ Hospitality Group LLC’s deli-food truck hit the road in early October, pastrami on wheels joined the growing menu of mobile food offerings now being served up at office parks and numerous other venues around San Diego County.

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Regional Report

News and notes from communities around San Diego County

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Despite Tough Economic Times, Nonprofits Report Rising Revenue

FINANCE: New Division Helps Children’s Hospital Rank No. 1 on SDBJ List

As part of a general trend for nonprofit agencies on the San Diego Business Journal’s 2011 list, top-ranked Rady Children’s Hospital-San Diego saw a 22 percent increase in 2010 local revenue versus 2009.

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Real Estate Roundup

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

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To Help Nonprofits, Businesses Do More Than Show ’Em the Money

GIVING: Workers’ Time, Firms’ Executive Talent Benefit Local Agencies

The blue sport coat is all right for meetings, but it is definitely not part of executive Scott Gnau’s wardrobe on the days he volunteers.

More Couples Are Walking Down the Aisle With Pre-nups in Hand

Thanksgiving with the in-laws not go as you expected, or perhaps exactly as you expected? Are you wishing you had a pre-nup so you don’t end up a financial turkey?

Give Wisely and We All Receive the Benefits

You all know this story from your childhood, right? The seemingly incapable little blue engine surprisingly pulls the very large train over the mountain to its destination when no one else would do it.

Coastal Counties Keep Commercial Property Loan Distress at Bay

REAL ESTATE: Job Growth in Area Raises Building Space Demand

Experts in the receivership arena say San Diego County continues to hold up relatively well compared with other regions when it comes to commercial property loan distress, though they will be monitoring what happens in the next five years as loans come due.

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Electric-Car Rental Fleet Drives the Green Scene

GREEN: Car2go Launches Its Local Car-Sharing Service

Car2go N.A. LLC rolled out its fleet of 300, emissions-free Smart cars in San Diego on Nov. 18 as part of an on-demand car-sharing service that Mayor Jerry Sanders said will solidify the city’s standing as the nation’s electric vehicle capital.

Windy City, Weighty Deal: Cubic Lands $454M Chicago Pact

TECHNOLOGY: Transit Fare System to Let Riders Pay With Their Cellphones

A unit of San Diego-based Cubic Corp. received a record $454 million contract for mass transit equipment and related services, the company announced Nov. 17.

Company’s Process Puts Waste To Work as a Clean Energy

GREEN: AdaptiveArc Is Moving Its R&D Facility to Otay Mesa

In cities around the world — and especially in highly populated developing nations — two key problems persist: “An overabundance of garbage and an extraordinary need for energy,” said Kris Skrinak, president of AdaptiveARC Inc.

Jack in the Box Posts Stronger Fourth Quarter

San Diego-based Jack in the Box reported better than expected profits for its 2011 fiscal fourth quarter ended Oct. 2, and improved annual profits on Nov. 21.

Lindbergh Terminal Expansion One-Third Complete

INFRASTRUCTURE: Small Subcontractors Are Used on Many Projects

About a year and half into the $1 billion Green Build terminal expansion project at Lindbergh Field, several changes to the familiar face of the existing terminal are now evident.

Local Biotechs Focus on Blood Tests for Cancer

HEALTH CARE: Region A Hotbed for Circulating Tumor Cells Research

Cancer diagnoses usually require an invasive biopsy, with doctors using a needle or knife to remove sample cells from the suspected tumor. It’s effective, but painful.

Turkeys Fly Off Stores’ Shelves During Holidays

Big birds, and lots of ’em. Locally owned Iowa Meat Farms and Siesel’s Meats says it will sell up to 2,200 turkeys weighing a total of 50,000 pounds this holiday season, not to mention 14,000 pounds, or seven tons, of standing rib roasts.

Bank Plans to Remain Local Player, Despite Moving to Irvine

FINANCE: First PacTrust’s Expansion, Lending Will Continue in the County

First PacTrust Bancorp Inc., the parent firm of PacTrust Bank, is moving its headquarters from its current office on the Chula Vista bay front to Irvine, but its chief executive says the company isn’t abandoning its roots.

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Executive Profile: Nancy Jamison

Nancy Jamison is the executive director of San Diego Grantmakers, a nonprofit membership association for organizations that engage in philanthropy.

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Amazon.com For Science

BIOTECH: Small North County Firm Works to Transform Pharmaceutical Research

For the travel industry, there’s Expedia. For music, it’s Apple Inc.’s iTunes. For books, there’s Amazon.com.

Some Retailers Think Outside The Big-Box

RETAIL: Tech-Sales Patterns Bring Smaller, ‘Hands-On’ Locations

As shoppers hit stores for this year’s holiday bargains, some major retailers — including Best Buy Co. Inc. and Wal-Mart Stores Inc. — have recently trimmed their real estate footprints and boosted tech-oriented sales methods geared to a world increasingly impacted by mobile devices and the rising influence of e-commerce.

Unemployment Edges Downward; A Few Bright Spots

JOBS: Temporary Work Leads as Early Indicator of Improvement

San Diego’s jobless rate declined again in October to 9.7 percent, driven by a net gain of 11,100 nonfarm jobs, surprising some observers, and giving a sense that job creation may be getting some legs.

Friday, November 25

Island-Themed Hotel Debuts in La Jolla

Pantai Inn, a new hotel with an Indonesian island theme, was scheduled to open during Thanksgiving weekend at 1003 Coast Blvd. in La Jolla.

Wednesday, November 23

Jack in the Box Posts Stronger Quarter

San Diego-based Jack in the Box reported better than expected profits for its 2011 fiscal fourth quarter ended Oct. 2, and improved annual profits on Nov. 21.

REIT Acquires Local Care Facility for $69.2 Million

Belmont Village Senior Living, an assisted living facility in Cardiff, has been purchased by an Ohio-based real estate investment trust for approximately $69.2 million.

Cubic Corp. Reports Record Sales, Earnings, Backlog

Cubic Corp., a San Diego defense contractor and provider of automated fare collection systems, reported Nov. 22 record sales and profits for its fiscal year that ended Sept. 30.

Tuesday, November 22

$1B Airport Project Features New Artwork

San Diego International Airport on Nov. 21 unveiled its newest public artwork in Terminal 1, by local artist Miki Iwasaki.

Region Ranks 9th on Forbes High-Tech Employment List

San Diego tied with the Riverside/San Bernardino area for ninth place in a Forbes Magazine ranking of the best cities for high-tech employment.

Monday, November 21

Car2go Launches All Electric Rental Fleet

Car2go N.A. LLC rolled out its fleet of 300 tiny, emissions-free Smart cars in San Diego on Nov. 18 as part of an on-demand car sharing service that Mayor Jerry Sanders said will solidify the city’s standing as the nation’s electric vehicle capital.

Local Unemployment Rate Improves

San Diego’s unemployment rate nudged down a tenth of 1 percent in October to 9.7 percent, from a revised 9.8 percent in September, and below October 2010’s rate of 10.4 percent, according to a Nov. 18 report from the California Employment Development Department.

Forever 21 Opens Expanded, Remodeled El Cajon Store

Los Angeles-based clothing retailer Forever 21 is opening its expanded and remodeled store Nov. 19 at Westfield Group’s Westfield Parkway shopping center in El Cajon.

Firm Swoops in to Take Top Honors at PitchFest

SwoopThat LLC, a San Diego business that operates an online site aimed at college students, captured first place and the $10,000 grand prize in the San Diego Venture Group’s annual PitchFest event Nov. 17 at the Hyatt Regency La Jolla, SDVG announced Nov. 18.

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The Best Is Set to Come at Famed Resort

HOSPITALITY: Plan Is to Renovate While Retaining Luxurious Magic

For all the industry accolades garnered by the ultraluxurious Rancho Valencia Resort and Spa over the years — along with visits from luminaries ranging from Michael Jordan to Bill Gates and Bill Clinton — its current owners believe they can take the Rancho Santa Fe property to another level.

Amylin Primed for Partner to Replace Ties With Eli Lilly

BIOTECH: ‘Amicable’ Split Opens Doors to Controlling Diabetes Drug

Analysts have been upbeat in the wake of Amylin Pharmaceuticals Inc.’s Nov. 8 announcement that it would be cutting ties with its decade-long partner Eli Lilly and Co. and taking on full control of its promising exenatide diabetes drug franchise.

Talks Between 2 Law Firms Could Lead to Merger

LEGAL: Luce Forward Looks to Leverage Its West Coast Presence

Luce Forward Hamilton & Scripps LLP, one of the area’s largest law firms, said it’s in discussions about merging with McKenna Long & Aldridge LLP, an international firm with a heavy concentration in government contracts.

Manchester Acquiring Union-Tribune

Platinum Equity LLC, the Beverly Hills private equity firm that acquired The San Diego Union-Tribune in May 2009, said Nov. 17 that it’s selling the area’s largest daily newspaper to an entity owned by developer and hotelier Doug Manchester.

Cadence Gives Its Drug a Big Shot in the Arm

MEDICINE: $75M Stock Sale to Further The Reach of Ofirmev

Cadence Pharmaceuticals Inc., a San Diego-based biopharmaceutical company focused on uses in the hospital setting, said it plans to sell $75 million of stock to raise money to expand the reach of its only product — an injectable acetaminophen drug called Ofirmev — and for other corporate purposes.

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In Spite of Bankruptcy, Plant Will Come Down

REAL ESTATE: Observers Question Funding; Dynegy Affirms Demolition Plans

The filing of Chapter 11 bankruptcy protection by subsidiaries of Dynegy Inc., which owns Chula Vista’s South Bay Power Plant, won’t prevent the plant’s demolition, but does cast doubt on where the funds to pay for it are, said an attorney hired by the Port of San Diego.

Chris Reed’s Radio Show Demise Puts Politicos in a Funk

San Diego’s political junkies are in mourning now that local radio station KOGO has abruptly canceled Chris Reed’s weekday conservative talk show, along with Roger Hedgecock.

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Company’s Bags Have Designs On Protecting the Environment

RETAIL: Fashion and Function Converge for Eco-Friendly Bag Maker

You don’t have to be “a long-haired, unshaven hippy” to embrace an Earth-friendly lifestyle, said Belinda Coker, founder of the San Diego-based reusable bag company Envirosax LLC and its Australian parent company.

Executive Profile: Eric Lingenfelder

As a founding partner of the Verant Group, a San Diego-based restaurant and bar organization, Eric Lingenfelder can say he is living up to his dream.

Executive Profile: Doug Hecht

Doug Hecht is president and chief operating officer of Digitaria, OMMA Magazine’s 2011 Design/Interactive Agency of the Year

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Regional Report

News and notes from communities around San Diego County

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Back in the Game

GAMING: Revenues Starting to Rise at Region’s 10 Casinos, According to Some Executive

Patrons are cautiously returning to the 10 casinos in San Diego County’s backcountry, according to some of the executives who run them, as the American Indian tribes that own them make improvements, add attractions, and ride a slow economic recovery.

Consortium Set to Share Space, Ideas, Inspiration

RESEARCH: Stem Cell Facility Brings Together Scientific Powerhouses

The Sanford Consortium for Regenerative Medicine will open its $127 million collaborative research building on Nov. 29, bringing together five major local biomedical research organizations to search for cures using stem cell science.

Digitaria, Covario Win Recognition

San Diego-based Digitaria Interactive Inc. has been singled out as one of the top marketing agencies in the nation, winning the OMMA award for design/interactive agency of the year.

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Office Space Moves Are About Flight to Quality

REAL ESTATE: Class A Properties See 9 Quarters Of Positive Net Absorption

Like others throughout San Diego County, Eric Stenman is a believer in the corporate office concept of “flight to quality.”

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High-End Retailer Finds Good Fit for Its Clearance Stores

RETAIL: Nordstrom Rack To Open New Local Store As Quarterly Sales Rise

They generally don’t come with the live piano music and posh cafés found in its flagship department stores.

Qualcomm Buys Overseas Company’s Assets; Profits Increase

TECHNOLOGY: Firm Taps New Zealand Know-How For Charging Electric Cars

Qualcomm Inc., the world’s biggest maker of chips for cellphones, said Nov. 8 that it acquired the technology assets of HaloIPT, a provider of wireless charging technology for electric cars.

To Succeed in the Next Economy, Get Smarter

Recently, I spoke before a trade group comprised of local bricks and mortar retailers. The people to whom I was speaking sold flooring. My talk was new to them, but familiar to me: the next economy.

Missing Voices Curtail the Op-Ed Conversation

Civilized society is dependent upon safe forums to exchange ideas, stimulate debate and create change. In a fiercely challenging business landscape desperate for creative solutions and craving innovation, only one half of the population is contributing to discourse about any given issue we face.

A Toast Is Raised Along With Funds for Youth at Wine D’Vine Event

Walden Family Services raised $327,200 at Wine D’Vine Sizzles!, the eighth annual event held Oct. 12 at The Grand Del Mar.

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Real Estate Roundup

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

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Social Media Takes Businesses Down New Networking Avenues

TECHNOLOGY: Mixed Bag of Digital Tricks Are Used to Attract Customers

Suddenly, the use of social media has become big business for small business.

PriceSmart Expands With Gusto, Market Goes After Its Shares

RETAIL: Growing Middle Classes Propel Growth; A Push Into Colombia

For a company whose annual sales and net profits increased 22 percent and 25 percent respectively, and has seen its stock go through the roof, you’d think the chairman would be in an upbeat mood.

Confidence, Credit and Need Fuel Increases in New Car Sales

AUTO: Factors Align For Buyers; Outlook For 2012 Also Good

Once lagging car sales are picking up speed at dealerships such as Heller Ford Hyundai in the Escondido Auto Park where demand for Hyundais is outpacing inventory, said Dealer Principal DJ Heller.

$7M in Venture Funding Can Go Long Way in Growing Startup

HEALTH CARE: Infusion Boosts Perminova’s Plans to Expand Software Business

Perminova Inc., a startup that makes Web-based software for cardiac centers, has raised $7 million in venture capital to grow the company’s product offerings and expand its customer base beyond the two major hospitals it already serves.

Friday, November 18

IHOP Opens First Express Restaurant in Gaslamp

Glendale-based International House of Pancakes LLC has opened its first IHOP Express in San Diego’s Gaslamp Quarter, at 711 Fourth Ave.

Cox to Discontinue Wireless Cellphone Service

Cox Communications, the Atlanta-based media firm that has the largest share of the San Diego cable market, said it will discontinue its recently rolled out wireless cellphone service effective March 30.

Manchester Acquiring Union-Tribune

Platinum Equity LLC, the Beverly Hills private equity firm that acquired The San Diego Union-Tribune in May 2009, said Nov. 17 that it’s selling the area’s largest daily newspaper to an entity owned by developer and hotelier Doug Manchester.

Consortium Set to Share Space, Ideas, Inspiration

The Sanford Consortium for Regenerative Medicine will open its $127 million collaborative research building on Nov. 29, bringing together five major local biomedical research organizations to search for breakthrough cures using stem cell science.

Thursday, November 17

Trio of Hotels Tops Forbes Travel Guide List

Three San Diego hotels earned top designations in the latest annual honors bestowed by Forbes Travel Guide, formerly known as Mobil Travel Guide, rating the nation’s elite luxury properties.

Digitaria, Covario Win Honors

San Diego-based Digitaria Interactive Inc. has been singled out as one of the top marketing agencies in the nation, winning the OMMA award for design/interactive agency of the year.

‘Small Business Saturday’ on Its Way to North Park

American Express Co. has thrown its support behind a campaign to make the Saturday after Thanksgiving into a day to patronize small businesses for holiday shopping.

Wednesday, November 16

Cadence Announces Sale of $75 Million of Stock

Cadence Pharmaceuticals Inc., a San Diego-based biopharmaceutical company focused on uses in the hospital setting, said it plans to sell $75 million of stock to raise money to expand the reach of its only product — an injectable acetaminophen drug called Ofirmev — and for other corporate purposes.

Luce Forward in Merger Talks With McKenna Long

Luce, Forward, Hamilton & Scripps LLP has been talking about a merger with Washington, D.C.-based McKenna Long & Aldridge LLP, the two law firms said Nov. 14.

Port Approves Lease-Size Reduction for Dixieline

San Diego Unified Port District officials have approved a request by locally based Dixieline Lumber Co. to reduce the size of its waterfront leasehold.

Tuesday, November 15

UCSD Research Team Discovers New Way to Kill Cancer Tumors

Researchers at the UC San Diego School of Medicine and UCSD Moores Cancer Center say they have identified a new drug discovery approach for killing fast-growing tumors while sparing patients some of the toxicity and other negative side effects of existing cancer therapies.

Groups Join With Company for Library Makeover at Local School

Representatives of several organizations got together Nov. 10 — the day prior to Veterans Day — to take the wraps off the renovated library at Jack Kimbrough Elementary School in San Diego’s Grant Hill neighborhood, south of Balboa Park.

BioMed Realty Trust Announces Sale of $404 Million in Common Stock

San Diego-based BioMed Realty Trust Inc., which invests in life science-related real estate, announced Nov. 14 that it has sold common stock valued at approximately $404.3 million to UBS Investment Bank.

Utah Firm Acquires Six Carlsbad Office Buildings

Utah-based Wasatch Commercial Management has purchased six Carlsbad office buildings for a total of $62.1 million.

Monday, November 14

Courtyard Hotel Opens in Oceanside

A new 142-room Courtyard by Marriott hotel has opened in Oceanside, Irvine-based developer R.D. Olson Development announced Nov. 11.

InfoSonics Posts Smaller Quarterly Net Loss

InfoSonics Corp., a San Diego distributor of cellphones in South America and Asia, reported Nov. 10 a third-quarter net loss of $413,000, compared with a net loss of $2 million for the like quarter of 2010.

Board OKs $3.9M Study in Effort to Extend Toll Road

Hard to believe, but the holiday season is almost here! Where did the year go?

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‘Easy Money’ Via Smartphone Deposits

TECHNOLOGY: Apps Give Customers Convenient Banking

Large banks serving San Diego County, including JPMorgan Chase Bank and Wells Fargo Bank, have recently rolled out smartphone-enabled remote check-deposit technologies

Personalization Helps Banks Retain Customers

Innovation: Tailored Services Key to Fostering Loyalty; ‘Sticky’ Is Good

Online bill pay, mobile banking apps and remote check deposits are among the myriad of tech-driven bank services that make it easier for consumers and businesses to manage their cash. But those same services also serve a different function; they make it harder for a bank’s customers to take their money elsewhere.

Taking Personal Interest Pays Off for the Region’s Community Banks

MARKETING: Knowing Clients, Business Climate Make for Better Service

While the largest retail banks in the U.S. heavily market their colorful smartphone apps and urge customers to manage their finances online rather than visit a branch in person, the largest community banks in San Diego say their success hinges on taking the opposite approach — knowing their customers personally through one-on-one visits at the bank or even at customers’ offices.

Going Out on Limb With No Branches

INTERNET: Bank Finds Success With Its Pioneering Platform

In the mid-1990s when Gary Evans talked to fellow bankers about building a bank around the Internet, they couldn’t understand it.

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SELLING POINT

MARKETING: Chase Offers Small Businesses a Stage For Increasing Their Sales

As economic recovery looms, banks see promise in small businesses and are heavily courting their accounts by offering easy online banking tools

Internet Technology Greases Skids for the Loan Process

BANKING: Consumers Seeking Edge Can Consult Comparison Websites

High-tech offerings from firms such as LendingTree LLC, Bankrate Inc. and Quicken Loans Inc. are rapidly injecting self-service into the process of obtaining personal home and car loans, although local experts note that the more complicated process of securing commercial financing means face-to-face contact with bankers isn’t going away anytime soon.

Financial Software Company Gains Traction in Mobile Banking

TECHNOLOGY: Business Expands as More Consumers Seek Digital Conveniences

You could say that Mitek Systems Inc.’s timing was right on the money.

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Partnership Extends Reach of Medical Care for the Community

Union Bank has partnered with Scripps Health to sponsor its Mobile Medical Unit, a motor coach equipped with exam rooms, a nurse’s station and television screens providing patient education videos.

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Executive Profile: Laura Stansberry

Laura Stansberry is a senior vice president and the regional managing director for Wells Fargo Private Bank in San Diego and the Inland Empire.

Banks Could be Guides in Changing Times

Technology has and is changing banking. This has presented both opportunities and dilemmas for bankers.

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Bankers Talk Innovation

With this issue of the San Diego Business Journal focusing on the technological evolution in banking, we asked the top executives of the region’s largest locally based and non-locally based banks to answer three questions about their banks and technology innovation.

For Many, the Bank Is in Their Pocket or Purse

When we sat down to create this special edition of the San Diego Business Journal focusing on banking, we began to talk about the changes the banking business has experienced in the past decade.

Outsourcing Allows Small Banks Access to the Top Technologies

Community banks, which are in a constant battle to capture business from the big banks, find that when it comes to technology, it’s almost a level playing field.

Worst Is Over for Slow Bank Legal Work, But Not Bank Regulation

Attorneys do not predict the future, but we are good at submitting evidence for your consideration, which might aid you in seeing what’s to come.

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Automated Tellers Show Off New Array of Talents

TECHNOLOGY: Banks See Continued Demand for A Decades-Old Concept

While more folks are accessing their bank accounts through computers and mobile devices, the use of ATMs, or automated teller machines, isn’t decreasing, lenders say.

Union Bank Moves Private Bank Office

Union Bank, based in San Francisco and with 60 branches in San Diego, said it moved its private banking office from the University Towne Center area to downtown La Jolla.

Banks in Sync With Digital Revolution

FINANCE: Industry Updates Services While Innovations Evolve

When Paul Rodeno began his career in banking in 1977, there wasn’t much technology around the office — other than what Ma Bell provided.

Smartphones Connect Early Adopters to Mobile Banking Service

TECHNOLOGY: Available Options Likely to Expand With Customer Base

Add banking to the list of cool tricks that smartphones can perform.

Today, Most Bankers Can’t Stop Thinking About Tomorrow

TECHNOLOGY: Online Banking Expands as Innovations Multiply

Online banking has evolved over the years to the point where the feature has become expected and is offered at virtually every bank.

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No Paper, No Plastic: Mobile Devices Can Make the Payment

TECHNOLOGY: Banks And Companies Work on Changing Way We Pay

The biggest banking players — including Bank of America, JPMorgan Chase and Wells Fargo Bank — along with several nonbanking financial-services rivals like PayPal are pushing technologies that could eventually turn mobile devices into high-tech wallets enabling direct, on-the-spot payments.

Friday, November 11

Mad Catz Slows Tempo Following a Rocking 2010

Mad Catz Interactive Inc., the San Diego maker of accessories for video games, reported Nov. 9 a net loss of $500,000 for its 2012 fiscal year second quarter, compared with a net profit of $1.1 million in the like quarter last year.

Thursday, November 10

Trigild Tapped to Oversee UTC Office Complex

San Diego-based Trigild Inc., which oversees management and sales of distressed properties, has assumed day-to-day management of Genesee Executive Plaza, located in the Golden Triangle/ University Towne Center neighborhood.

Wednesday, November 9

Qualcomm Buys Wireless Electric Vehicle Charging Firm’s Assets

Qualcomm Inc., the world’s biggest maker of chips for cellphones, said Nov. 8 that it acquired the technology assets of HaloIPT, a provider of wireless charging technology for electric cars.

Mission Valley Office Complex Acquired for $115.9 Million

Los Angeles-based CommonWealth Partners LLC and Five Star Parking have purchased the two-building Pacific Center office complex in Mission Valley for $115.9 million, through a court receivership process.

Tuesday, November 8

‘Troublesome Loans’ Leads to Higher Q3 Net Loss for Security Business Bank

Security Business Bank of San Diego reported Nov. 7 a third-quarter net loss of $403,000 compared with a net loss of $366,000 for the like quarter of 2010.

REIT Buying Oceanside Hotel for $30.5 Million

A subsidiary of Apple REIT 10, a Virginia-based real estate investment trust that holds hotel properties, has agreed to pay $30.5 million for a Courtyard by Marriott under construction in Oceanside.

Monday, November 7

San Diego North Chamber Gets Three-Star Accreditation

The San Diego North Chamber of Commerce has received national accreditation, the organization announced Nov. 2.

AvalonBay Buys El Cajon Apartments for $124 Million

An affiliate of Virginia-based AvalonBay Communities Inc. has purchased the Highlands at Rancho San Diego apartment complex in El Cajon for $124 million.

CB&T’s Profits Put It on Pace for a ‘Good Year’

BANKING: Third-Quarter Results a Bright Spot After Challenging Acquisitions

California Bank & Trust’s third-quarter profits nearly doubled in the third quarter

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INNOVATION: Asphalt Company Lays Solid Foundation of ‘Green’ Practices

CONSTRUCTION: Eco-Friendly Processes Eco-Friendly Processes

Eco-friendly practices have played a big role in the longevity of Escondido-based George W. Weir Asphalt Construction Inc., as it competes against large asphalt and road construction players based well beyond San Diego County’s borders.

Shape Tomorrow by Sharing Your Insights Today

This month, something big begins — San Diegans will start visioning our future.

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Space Limitations Leave National Chains Scrambling for Locations

RETAIL: Food Purveyors Among Those Looking to Expand Local Presence

Despite tight retail vacancy rates and limited new construction, national chains like chicken purveyor Popeyes Louisiana Kitchen, yogurt seller Pinkberry Inc. and its rival Red Mango Inc. continue to scout locations to build their San Diego County presence.

Study Estimates Navy Broadway Project Impact at $850M

Development of the currently stalled Navy Broadway Complex project on San Diego’s waterfront could eventually generate nearly $850 million in economic

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Region’s Ability to Get Defensive Leads to $2B-Plus in Contracts

DEFENSE: Nassco Buys Norfolk, Va., Company, Building 2 Ships for Navy

Most of the nearly $2.7 billion worth of contracts tallied on the San Diego Business Journal’s Top 20 Defense Contracts list in the first nine months of 2011 is a huge benefit to the county, with almost $2.3 billion of it directed to the region.

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In Tough Economy, Jerome’s Takes Comfort in Stellar Sales

RETAIL: Jerry Navarra’s Star Marketing Role Connects With Customers

Even after witnessing vast changes in the industry, some things still surprise Jerome’s Furniture Chairman Jerome “Jerry” Navarra, the familiar face of the family-owned and growing San Diego company now in its sixth decade.

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Climate Not Enough to Keep TEDMED in Coronado

HEALTH CARE: D.C. Offers ‘Larger Stage’ Near Regulatory, Funding Hub

San Diego may have beautiful beaches and a world-leading biotechnology cluster, but it doesn’t have the Food and Drug Administration, the National Institutes of Health or the U.S. Congress.

SDBJ Staff Earns 11 Press Club Awards

The San Diego Business Journal staff captured 11 awards, including six first-place honors, in the Non-Daily Newspapers division at the San Diego Press Club’s 38th annual Excellence in Journalism Awards event Oct. 25 at the San Diego Hall of Champions.

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Solar Grove Planned for SDG&E’s Energy Innovation Center

ENVIRONMENT: ‘Trees’ Charge Electric Vehicles, Store Power By Battery

Envision Solar International Inc., a San Diego-based company that creates solar-panel “trees” that shade parking lots while generating clean electricity

SD REGIONAL REPORT

Oceanside Municipal Airport Gets FAA Funding for Improvements

Big Banks Become Big Target for Competition

FINANCE: Credit Unions, Community Banks Hope To Add to Customer Base

Despite a pull back by major banks on new debit card fees, community banks and credit unions are using the plans and already imposed fees attached to checking accounts by big banks to attract new customers.

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SERVICE ABOVE SELF

COMMUNITY: Rotary Club 33 Turns 100; Business Leaders Contribute Greatly to Region

It was a very special gathering when several hundred members of the downtown Rotary Club of San Diego met for their weekly lunch Nov. 3 in the ballroom of the Crowne Plaza hotel in Mission Valley.

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Military’s Biggest Fans Are Often Team Players

SPORTS BIZ: Chargers, Padres Get in Spirit of Supporting Armed Forces

Whether it is lifting the spirits of deployed service members by showing them familiar faces from home, or recognizing Pearl Harbor survivors during pregame pageantry, the San Diego Chargers and San Diego Padres extend plenty of support to the U.S. military.

Company Seizes Opportunity in Network Security

TECHNOLOGY: BeyondTrust Keeps Data Within Bounds

Protecting companies’ computer systems from hackers and other outside threats is a given, but far more damaging threats can come from inside an organization, says John Mutch, chief executive at BeyondTrust, which is growing rapidly on increased sales of its security software.

Local Technology Companies on National Fastest Growing List

TECHNOLOGY: Of the 22 Area Firms That Made It, 6 Are in Software Sector

Twenty-two San Diego companies made a list of the 500 fastest growing technology companies in the nation, led by the local software sector, which placed six firms on the list.

Stadium Would Be Victory for the ‘Home Team’

I seldom find myself sitting amid the Sunday afternoon hordes of blue-and-gold painted football fans who yell cheers and invectives at the millionaire players.

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Gen-Probe HPV Test Gains FDA Approval

HEALTH CARE: Product for Detecting Cervical Cancer Expected on Market Soon

San Diego-based Gen-Probe Inc. last week said the U.S. Food and Drug Administration has approved its Aptima HPV assay, a new molecular test to detect the virus that causes cervical cancer. The company expects to have the test on the market by mid-November, with revenues from the product flowing by the end of the first quarter.

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EXECUTIVE PROFILE: Sarah Farnsworth

Sarah Farnsworth joined the San Diego Padres in September 2011, overseeing the communications, community relations and military affairs departments.

Sarah Palin Saw a ‘Ghost’ Here, the Rest Is Her Story

In the spring of 2009, hotelier Bob Rauch hosted a very high-profile guest at his Hilton Garden Inn San Diego Del Mar in Sorrento Mesa above the I-5.

Local Real Estate Holds Its Ground As an Investment

REAL ESTATE: Steady Growth, Limited Land Help Boost Values

Despite a storm of global volatility, the San Diego region holds its own in the latest annual forecast of U.S. real estate investment markets to watch in the coming year, compiled by the Urban Land Institute and the consulting firm PricewaterhouseCoopers LLC, also known as PwC.

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Big Hearts Play Big Part in Helping Raise Needed Funds for Kids

Big Brothers Big Sisters of San Diego County held its 50th Annual Gourmet Dinner on Oct. 6 at the Hyatt Regency La Jolla at Aventine.

Friday, November 4

Regulators OK Embarcadero Bank’s Acquisition Plans

Embarcadero Bank, one of the area’s smallest with about $80 million in assets, received regulatory approvals from state and federal agencies to complete its acquisition of Coronado First Bank, the buyer announced Nov. 1.

Qualcomm’s Profit, Revenue Rise

Qualcomm Inc. reported fiscal 2011 fourth-quarter net income of $1 billion on revenue of $4.12 billion, beating Wall Street forecasts and sending its shares up nearly 10 percent to above $57 on Nov. 2, the day the results were announced.

Rancho Valencia Operators Plan $20M Renovation

Owners of Rancho Valencia Resort and Spa are planning a six-month, $20 million renovation of the Rancho Santa Fe luxury property, set to begin in January.

Thursday, November 3

BioMed Posts 20 Percent Revenue Increase in Third Quarter

San Diego-based BioMed Realty Trust Inc., which invests in life science-related real estate, saw total revenue in its third quarter rise 20.1 percent from a year ago, reaching $115 million, the company announced Nov. 1.

Wednesday, November 2

UTC Office Buildings Sell for $46.8 Million

A San Francisco-based investment firm has purchased the two-building Genesee Executive Plaza, in the University Towne Center submarket, for $46.8 million.

Bridgepoint Education Reports Higher Quarterly Profits, Revenue

Bridgepoint Education Inc., an online college course provider, reported third-quarter net income of $43.8 million, compared with $36.1 million in the like quarter of 2010, the company announced Nov. 1.

Volcano Narrows 2011 Revenue Estimates, Posts Lower 3Q Profit

San Diego-based medical device company Volcano Corp. saw its third-quarter net income fall by more than half, to $2.6 million, and lowered the high end of its 2011 revenue estimates, citing slower sales for its intravascular ultrasound, or IVUS, product line.

Tuesday, November 1

Study Estimates Navy Broadway Project Impact at $850 Million

Development of the currently stalled Navy Broadway Complex project on San Diego’s waterfront could eventually generate nearly $850 million in economic impact and create more than 5,300 jobs, according to a report released Oct. 28 and commissioned by a local nonprofit military advocacy group.

Region to Add Some Jobs in Next Few Quarters

San Diego’s economy will continue to grind along with slightly positive job growth for the next three to four quarters, mirroring the softening forecast for the nation and the state, according to a report from two local economists presented at the UCLA Anderson Forecast held Oct. 31 at the University of San Diego.

Gen-Probe HPV Test Gains FDA Approval

San Diego-based Gen-Probe Inc. said on Oct. 31 that the U.S. Food and Drug Administration approved its Aptima HPV assay, a new molecular test to detect the virus that causes cervical cancer.