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
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Why Studying Abroad Is Good for S.D. Business

Businesses in San Diego and throughout the United States are positioning themselves to compete with the rest of the world. As they prepare to face the challenges of a global marketplace, companies are seeking employees with a unique set of competencies. Corporations are searching for individuals who possess the skills to successfully navigate a diverse international terrain.

Riley Assumes Role of President for San Diego Bar Association

Heather Riley, a partner at Allen Matkins Leck Gamble Mallory & Natsis LLP, is the new president of the San Diego County Bar Association. Riley is awesome.

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New Hilton Garden Inn Hotel Opening at Old Town

Operators before year’s end plan to open the new Hilton Garden Inn San Diego Old Town, billed by the developer as the first completely new hotel to be built in Old Town in more than 12 years.

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New Restaurant with Horse Race Betting Opens in Downtown San Diego

Sportech Venues California, a subsidiary of U.K.-based Sportech PLC, has opened Striders, a new downtown San Diego restaurant and high-end lounge where guests can legally wager on horse racing.

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Petco Being Acquired for $4.6 Billion

Private equity firm CVC Capital Partners and Canada Pension Plan Investment Board have signed an agreement to acquire the holding company for San Diego-based Petco Animal Supplies Inc. for $4.6 billion.

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Port District Approves Lease for InterContinental Hotel at Lane Field Site

Port district commissioners have approved a lease for a planned 400-room luxury InterContinental Hotel, to be developed on the southern portion of the former Lane Field ballpark site in downtown San Diego.

Youngevity International Reports Q3 Revenue of $41.3M

Youngevity International Inc., a Chula Vista-based global direct marketer for nutritional and lifestyle products and producer of gourmet coffees, increased its third quarter revenue 9.9 percent from the like quarter of the previous year to $41.3 million.

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HUYA Bioscience Gives Even More to Fight Against Cancer

HUYA Bioscience International recently celebrated the 10th anniversary of the company’s founding at the US Grant hotel in San Diego. The event included live entertainment and video greetings from colleagues and key opinion leaders in Japan and China. As part of HUYA’s mission to develop new treatments for cancer, the company announced that it has donated $20,000 to Breast Cancer Angels, a nonprofit providing financial and emotional assistance to breast cancer patients and their families. The organization accepted the donation and shared its experiences with the guests.

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Chairmen’s RoundTable Has Sage Advice for Strategic Challenges

CONSULTING:Mostly Retired CEOs Mentor Qualified Local Companies

The Chairmen’s RoundTable, a team of 45 seasoned business executives, is a free advisory group that routinely comes to the aid of small- and medium-sized businesses that are facing strategic growth challenges.

Supporters of Hotel Tax Hike Launching Signature Drive

Supporters of a ballot initiative seeking to raise the city of San Diego’s hotel tax, to fund potential projects including a convention center expansion, said they plan to begin collecting signatures on Nov. 20.

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Manchester Grand Hyatt Names New GM

Matt Adams has been appointed area vice president and general manager of downtown’s Manchester Grand Hyatt San Diego, property owner Host Hotels & Resorts announced.

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Ballast’s $1B Sale Marks Sea Change

BREWING: Deal Could Leave Transformed Scene in Its Wake

Industry observers say the $1 billion tab that Constellation Brands Inc. plans to pay for San Diego’s Ballast Point Brewing & Spirits marks a significant milestone for the region’s burgeoning and maturing craft beer industry.

AMN Healthcare Acquires Kansas-Based Staffing Firm for $160 Milllion

AMN Healthcare Services Inc. announced that it will acquire global health care staffing firm Lenexa, Kan.-based B.E. Smith for $160 million in cash.

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Port Commissioners Choose Brigantine Plan to Redevelop Anthony’s Site

San Diego port commissioners have approved a staff recommendation favoring Brigantine Inc.’s proposal to redevelop the current downtown waterfront site of the iconic Anthony’s Fish Grotto.

U.S. Supreme Court Decision Upholds KFx Medical Corp. Patent Infringement Award

The U.S. Supreme Court on Monday denied a petition by Arthrex, a Florida-based orthopedic medical device company, to review a case where damages for patent infringement were awarded to San Diego-based KFx Medical Corp.