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Renovate America Closes $50M Equity Investment

Renovate America, a provider of so-called residential property assessed clean energy, or PACE, financing in the U.S. raised $50 million in growth equity from new and existing investors, the company said.

By SDBJ Staff July 16, 2014 4:02 p.m.   Share

Hacienda de Vega Operators Plan New Restaurant in Carlsbad

Diverse Culinary Ventures LLC has signed a 10-year lease for approximately $1.5 million, for a planned new Hacienda de Vega restaurant in Carlsbad, according to brokerage company CDC Commercial Inc.

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Garden Fresh Names Morberg CEO

San Diego-based Garden Fresh Restaurant Corp.’s board of directors has appointed John Morberg as its CEO effective immediately.

Virkud Named President, CEO of 3E Co.

Carlsbad-based 3E Co., a provider of environmental health and safety compliance and information management services, appointed Uday Virkud as president and CEO, the company announced.

Port Meeting to Consider Possible Discipline, Termination of CEO

The San Diego Unified Port District Board of Port Commissioners has set a special meeting to consider disciplining or possibly terminating CEO Wayne Darbeau, according to port documents.

Former Qualcomm Executive Pleads Guilty to Insider Trading

Sentencing of Jing Yang set for November.

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Sudberry Adds Electric Vehicle Charging Stations at Civita Development

The charging stations provide 12 to 25 miles of charge per hour.

County's June Unemployment Rate Climbs to 6.1%

San Diego’s unemployment rate increased to 6.1 percent in June, up from May’s 5.8 percent despite the area adding a net of 9,700 jobs to county payrolls.

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ShakeAway Brings Milkshake Bar Concept to La Jolla, Pacific Beach

U.K.-based ShakeAway has opened two new San Diego locations of its milkshake bar eateries, in La Jolla and Pacific.

Millennials Prove to Be Hard to Place Because of Expectations

STAFFING: Demographic Will Account for Nearly Half of Workforce by 2020

Retiring baby boomers are being replaced in the job market by a group of young professionals notoriously difficult to employ. While millennials have a reputation for high expectations and a sense of entitlement, recruiters and employers may need to accept that there is a new normal in the talent pool.

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More Than a Filling

STAFFING: In a Technology-Driven World, Placement Services Must Bring Top Talents to the Table

It sounds almost illogical: Engineers are in great demand, yet many working in the engineering-intense San Diego area are temps working on relatively short-term assignments. It is estimated that up to 20 percent of the engineers working in San Diego today are on temporary assignments.

Procopio’s New Associates Bring Diverse Talents to Its Team

Procopio, Cory, Hargreaves & Savitch LLP has hired three new associates: Trent Andrews, Natalie Mueller and Juan Pablo Zaragoza. Andrews’ practice encompasses business and corporate matters, including mergers, acquisitions, venture capital and private equity financings, securities matters, leveraged buyouts, corporate governance and other complex business transactions.

Law Partner Named to Cybersecurity Board

Andrew Serwin, a partner at the law firm of Morrison & Foerster LLP, has been named to the board of the National Cyber-Forensics and Training Alliance. The alliance is a nonprofit

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EDF Renewable Acquires 96% Stake In Wind Prjoject Serving Microsoft

San Diego-based EDF Renewable Energy has acquired a 96 percent stake in the planned 175-megawatt Pilot Hill Wind Project, which has a 20-year power-purchase agreement with Microsoft Corp., EDF announced.

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SDG&E Is First (Utility) in Unmanned Flight With Drone Testing

Setting the stage for unmanned aircraft inspecting power lines, the Federal Aviation Administration gave San Diego Gas & Electric Co. permission to conduct test flights of a small drone in certain rural areas away from houses and in a San Diego utility yard, SDG&E said on July 11.