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Local Biotech Activity Hints at Sector’s Post-Recession Pickup

Biotechnology ColumnIt’s been a busy few weeks for San Diego’s biotechs. Acquisitions, partnership payouts and a number of IPOs are in the works—all signs that the sector, somewhat sluggish post-recession, is picking up its pace.

By Meghana Keshavan May 13, 2013 midnight   $$ Share
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Sprouts Files for IPO After 2011 Acquisition By Apollo Global

RETAIL: Appetite For Healthier Foods Spurs Growth of Chain

Sprouts Farmers Market LLC, the natural foods retailer whose origins go back to a fruit stand on El Cajon Boulevard in 1943, filed to go public earlier this month and raise about $300 million.

This ‘Fashionable Cause’ Can Help Change People’s Lives

The Business of Law Column

Pettit Kohn Ingrassia & Lutz, the San Diego Paralegal Association, and the Filipino American Lawyers of San Diego are working together again this year on the Women and Men’s Suit Drive.

Accounting and Finance Jobs in Demand as Economy Rebounds

FINANCE: Hiring Is Across the Board, Salaries on the Rise

Always in fairly high demand, workers with accounting and finance experience are finding increased job opportunities as companies gradually expand operations, and competition for top talent ratchets up.

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Executive Profile: Matthew Garrett

CEO Matt Garrett founded TGG Accounting to improve the national small business success rate. Through a set of best practices — known as The TGG Way — his firm provides business owners and their management teams with high quality, timely and accurate financial statements that help them keep their companies in order, make better decisions and sleep better. A national Vistage speaker, Garrett built and sold two startups before he was 35.

CEO Turnover at Active and Encore

LEADERSHIP: Analysts Take News in Stride, Shares Rise

Two San Diego public companies, Active Network and Encore Capital Group, replaced their chief executive officers, although one change occurred suddenly and without reason.

USD MBA Student Wins National Stock- Picking Competition

SDBJ Insider

Congratulations are in order for one very impressive University of San Diego MBA candidate. Daniel McAllister wins the first-ever All-America Student Analyst Competition, sponsored by Institutional Investor magazine and portfolio tracking software distributor Mark My Media.

Seating Concepts Moves to a New Seat in San Diego

SDBJ Insider

Family-owned fixed auditorium seating provider Seating Concepts LLC, which was started in Mexico with just 5,000 in pesos in 1926, and moved to the U.S. in the 1980s, has announced that it has relocated its global corporate headquarters near Lindbergh Field in San Diego.

Procopio Partner, Tax Attorney for Past 37 Years Retires

The Business of Law Column

If you’ve been a tax attorney for 40 years, and decide to take down the shingle, you deserve to be the lead item in a law column. Procopio, Cory, Hargreaves & Savitch LLP said goodbye to George L. Damoose recently.

Staffing Firms Go to Work as Employment Picture Improves

WORKFORCE: Temp Placements Are Increasing; Skilled Workers Sought

San Diego’s job market is starting to show some traction based on the latest employment report that showed the region’s jobless rate falling to 7.7 percent in March.

K2 Insurance Services Acquires Aegis Security Inc.

K2 Insurance Services LLC, a San Diego business that was formed in 2011 to acquire and manage general insurance agencies and specialty underwriters, said it recently acquired Aegis Security Inc. of Pennsylvania.

Loan on Park Hyatt Aviara Returned to Special Servicing

A $186.5 million loan backing the Park Hyatt Aviara in Carlsbad has been placed back in special servicing because of a payment default by the borrower.

Monarch School To Dedicate New Campus

SDBJ Insider

Come April 24, the Monarch School, San Diego’s school for homeless kids, is set to open its new 2.2 acre campus in Barrio Logan just south of Petco Park. The usual panoply of elected officials are scheduled to attend, including Mayor Bob Filner and county Supervisor Greg Cox.

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Industrial Laundry Is Expanding to Meet Demand

SERVICE: Cleanliness, Efficiency Are Draws for Health Care Customers

Having corralled most of this area’s largest hospitals as clients, Emerald Textiles is expanding into Los Angeles.

Latham & Watkins Assists as Ambrx Pursues Cancer Research

The Business of Law Column

This is a pretty cool assignment, and it demonstrates that lawyers help society and help save lives. Latham & Watkins recently announced it is advising Ambrx Inc., in its collaboration with Japan’s Astellas Pharma Inc.

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Finding Long-Term (Care) Solutions

INSURANCE: Policies Are An Attractive Job Benefit, But Can Be Complicated

Employers continue to explore long-term care insurance to pad their benefits packages, in large part to attract and retain key talent. This is because long-term care insurance can be a boon to employees who foresee caring for aging family members, or who want to protect their own assets as they age.