San Diego Business Journal


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Manchester Sells Majority Stake in Grand Del Mar

TOURISM: The 88% Share Being Bought Is Valued at $230 MillionPrivate equity firm Blum Capital and the parent of Fairmont Hotels & Resorts are acquiring a majority stake in Carmel Valley’s Grand Del Mar resort for a reported $230 million.

By Lou Hirsh April 3, 2015 1:46 p.m.   $$ Share

National University and UC San Diego Extension Announce Partnership for Sustainability Education

National University and University of California, San Diego Extension are introducing a partnership that offers students pathways to pursue studies in the growing field of sustainability management, the schools announced.

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Pay Parity

New State Law Broadens Efforts to Narrow Gender Wage Gap

Women still make less than men in a majority of industries (79 cents on the dollar by most accounts) despite state and federal laws aimed at narrowing the gender pay gap.

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Co. Tests the Waters With Brewery Igniter

PROPERTY: H.G. Fenton Plans Additional Facilities

Thanks to the newly opened microbrewer’s unusual space arrangements in Miramar, co-founder Mat Robar estimates that his eco-themed Pure Project has saved a lot of green in startup costs — at least $100,000 — and shaved six to 12 months off the traditional launch timetable for a craft beer maker.

Amazon Adds Beer and Wine to Local Delivery Offerings

Amazon Inc. has extended its Prime Now services in San Diego to include one-hour delivery of beer, wine and spirits, the Seattle-based company announced.

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Local Company Buys Marriott in Carmel Valley for $80.5 Million

San Diego-based Southwest Value Partners has acquired the 284-room Marriott San Diego Del Mar hotel in Carmel Valley for $80.5 million, according to the buyer.

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Construction Management Firm Cumming Acquires London Company

Cumming Corp., a San Diego-headquartered construction project management firm with offices worldwide, announced Feb. 1 that it is acquiring and merging with London-based consulting firm GB Fitzsimon. Financial details were not disclosed.

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Sam Reese Appointed CEO at Vistage Worldwide Inc.

Vistage Worldwide Inc. said it named Sam Reese as CEO. Reese succeeds Leon Shapiro, who will continue to serve on the Vistage board of directors.

USD Receives $12 Million Gift From Foundation Created by Intel Co-Founder

The University of San Diego on Thursday announced it had received a $12 million gift from a nonprofit created by a co-founder of Intel to bolster science, technology, engineering and math education.

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Clean Energy Future Has Quantifiable Benefits

With a unanimous San Diego City Council vote in December to adopt the San Diego Climate Action Plan (CAP), San Diego became the largest metropolitan area in the U.S. to adopt an aggressive target of 100 percent renewable energy within 20 years. This positions the city as a forward-thinking leader in climate policy both nationally and globally.

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Tech Sector Onboard With Efforts to Keep Graduates in Town

WORKFORCE: Bus Tour Shows Students Extent Of Opportunities Downtown

The dynamic has confounded local tech companies for years: The University of California, San Diego has almost 9,000 engineering students, and one of the largest and most successful computer science programs in the country, yet many suitable local high-tech job openings go unfilled.

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Practically Speaking

Business Schools Add Programs to Ensure Grads Have Communication Skills

Having strong academic skills can help university graduates land interviews for promising jobs, but those meetings won’t lead to employment unless they’ve also developed “soft skills.”

Access Is the Main Goal of Bar Foundation’s Local Grants

The San Diego County Bar Foundation (SDCBF) has awarded a total of $110,000 to 13 local nonprofits that offer legal services and promote understanding of the legal system to San Diego County residents, an increase of 10 percent over last year.

Court Decision Impacts Housing Development

LEGAL: More Stringent Reporting of Emissions Could Be Big Challenge

Development and legal experts say a recent California Supreme Court ruling on a major Los Angeles-area housing development mandating more stringent reporting related to greenhouse gas emissions could have far-reaching effects for larger projects in San Diego County and elsewhere in the state.

USD's MBA Program Ranked Among Top 100 Worldwide

The University of San Diego’s MBA program ranked 59th in the world, according to an annual survey from Financial Times of the top 100 programs.

EDF Renewable Energy to Power Salesforce's Texas Operation

San Diego’s wind and solar firm EDF Renewable Energy has signed an agreement with tech giant Salesforce. Under the agreement, EDF will provide Salesforce with 24 megawatts of wind energy from its Salt Fork Wind Project in Texas to power Salesforce operations.