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Volume 31, Number 50
Finance
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December 13-19, 2010
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Opinion
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DOWNTOWN DEVELOPMENTS
URBAN PLANNING: Search
Under Way to Find Developers
To Work on East Village Projects
®Ê#Z-06)*34)
It could take 10 to 15 years or more to become reality, but developers have begun to envision the next new neighborhoods to take root
in downtown San Diego’s Upper East Village.
Ballpark would be a
home run for
Escondido, writes
Dick Daniels.
The proposed projects are prompted in part by
recent rapid growth at San Diego City College
and other educational institutions nearby.
Representatives of Navarra Properties,
ZKLFKRZQV¿YHGRZQWRZQSURSHUWLHVWRWDOLQJ
about 5.8 acres and spanning more than 20 city
blocks, have launched a nationwide search
IRU TXDOL¿HG GHYHORSHUV DEOH WR SXW WRJHWKHU
mixed-use projects in an area roughly bounded
east to west by 14th and 16th streets, and north
¨East Village page 37
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Page 47
The Lists:
San Diego’s
Wealthiest
Pages 18, 21
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Small Ad Agency Discovers Bigger Is Better Bovine Virus Test
MARKETING: Jacob Tyler
Kit Aims to Help
Moves Into Larger Offices;
Cattle Industry
Staff Size, Revenues Grow
®Ê#Z.*,&"--&/
Tighter ad and marketing budgets be damned.
If you’re good, creative and nimble enough, a
small advertising agency can make it these days,
say the folks at Jacob Tyler Creative Group.
In its 10th year, the business named after
founder Les Kollegian’s son expanded by nine
people during the past four months, through a
few mergers and several new hires.
To partners Kollegian and
Charlie Van Vechten, it’s all
about adding value and services by finding the right people
who are seasoned pros.
First, the marketing veterans had to find each other, or
more precisely, find a reason
-FT,PMMFHJBO
for joining forces.
Though both competed in the same industry,
Selling Many Company-Owned
Restaurants to Franchisees
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49241 83136
Like most fast-food purveyors, Jack in the Box
Inc. continues to feel the pain from the economy.
Sales have fallen for the past two years, but
that’s to be expected when about 10 percent of
your customer base is unemployed.
Strives to Detect Disease That
Takes $2 Billion Toll Annually
®Ê#Z45&7&4*/07*$
As males in their teens to mid-30s have a tougher
time finding a job, Jack has seen less business. In the
company’s fourth-quarter financial report, samestore sales declined 4 percent; for the full fiscal year,
same-store revenue was down 8.6 percent.
And yet, Jack in the Box was still able to turn
a profit. For the quarter, it had net income of
$4 million, down from $40.6 million in the like
quarter of 2009. For the full fiscal year, net income was $70.2 million, compared with $118.4
million for the 2009 fiscal year.
If current sales efforts go as planned, Life
Technologies Corp.’s new detection kit for
a bovine virus could potentially be a cash
cow for the Carlsbad-based company, which
manufactures biotech tools for customers
across a wide spectrum of industries.
“We think there will be a lot of interest,”
said Brian Kim, general manager of Life
Technologies’ animal testing unit in Austin,
Texas, which is developing test kits to detect
diseases in production animals like cows,
pigs and poultry.
“For meat producers, especially, detecting and treating diseases are an economic
imperative,” said Kim, who added that the
company continues to see its tools gain
acceptance in a growing number of mar-
¨Jack page 36
¨Cattle page 36
¨Jacob page 36
Jobless Rate Takes Bite Out of Jack’s Sales
HOSPITALITY: Jack in the Box
BIOTECH: Life Technologies
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DIGITAL EDITION USER GUIDE
HEADLINES
Stories in this week’s
Business Journal
Volume 31, Number 50
page
7
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"GUFSFNFSHJOHGSPNCBOLSVQUDZFBSMJFSUIJTZFBS%BQIOFT(SFFL$BGÊJTDIBOHJOHJUTJNBHF
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• Metro United Bank shrinks, deals with
recovery’s slow pace, as reported in the
Finance column, page 11
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• Bovine virus test kit aims to help cattle
industry, page 1
• UC San Diego receives $6.5M to
decipher protein interactions, page 9
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• Ballpark will bring benefits to
Escondido, page 47
• Extended education serves a changing
world, page 47
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• Search under way to find developers to
work on East Village projects, page 1
• Civita development brings hope to the
housing market, page 3
• Home builders put plans for large
developments in motion, page 6
Quote of the Week
‘(Restaurant) brands
have to evolve or
they wither and die.’
— Dennis Lombardi of WD Partners, referring to
changes that Jack in the Box is making. To read
the story, please turn to Page 1.
• Daphne’s Greek Café to deliver
healthier menu, “cooler” eateries, page 7
*//07"5*0/
• SonTek/YSI Acoustic Devices are the
measure of success, page 4
."3,&5*/(
• Small ad firm finds that bigger is better,
page 1
.&%*"
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• SDBJ Insider, page 3
• Regional Report, page 10
• News in Brief, page 10
• Ocean Discovery Institute opens up
world of learning for young people, as
reported in the Kudos/Giving column,
page 46
'*/"/$&
• Company overseeing county pension
fund sold, page 3
• Special Report — San Diego’s
Wealthiest, page 15
• Wealthiest Profiles, pages 16-27
• San Diego’s Wealthiest 2007/2010 list,
page 18
• San Diego’s Wealthiest 2010 list,
page 21
• Professional Profile of Keith McKenzie,
page 26
• San Diego Stock Chart, page 45
• Armon Mills to leave San Diego
Business Journal, page 3
3&"-&45"5&
• Veto override puts regulatory hurdles
in way of big-box retailers, as reported
in the Commercial Real Estate column,
page 12
• Gafcon demonstrates quality control
technology; local contractor builds $55
million school in Irvine; downtown office
building is sold for $7.2 million; and
other news items, as reported in the Real
Estate Roundup, page 35
• Top Multifamily Sales, page 44
410354#*;
• Chargers staying put at Qualcomm, at
least for the next season, page 5
5&$)/0-0(:
• Hospital performs area’s first robotic
surgeries on oral cancers, page 8
• Natural forms offer potential for
product designers, page 5
• Firm charged up about its ability to
make batteries last longer, page 9
)041*5"-*5:
53"/41035"5*0/
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• Jobless rate takes bite out of Jack’s
sales, page 1
• Transportation supplement, pages
A29-A34
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The entire contents of this newspaper are copyrighted by San Diego Business Journal with all rights reserved. Reproduction or use, without
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fax: (858) 277-2149. Circulation fax: (858) 277-6398. Cost is $99.
POSTMASTER: Please send address changes to: San Diego Business Journal, 4909 Murphy Canyon Road, Suite 200, San Diego, CA
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Design Studio Armon Mills to Leave San Diego Business Journal
to Resume
‘Imagines’ Car MEDIA:Mills
Career in Accounting
Of the Future Industry in February
North County
nugget. MercedesBenz’s famed
Advanced Design
Studio in Carlsbad
has “imagined” what
the “eco-car” of the
future might look
like. The mock-up,
SDBJ INSIDER
designed for the
Tom York
LA Auto Show late
last month, got plenty of “looks” — not
to mention some head-scratching. The
futuristic Biome would be crafted from
something called “biofiber … grown in
a completely organic environment from
seeds sown in a nursery,” according to a
news release. Now that’s thinking out of
the box! … Another Carlsbad item before
we head south. John Fuller, chief executive officer of Lake Forest-based Johnny
Rockets, put in an appearance on CBS’
popular “Undercover Boss” reality TV
show Dec. 12. He assumed the undercover role of a new hire in an attempt
to get to know his employees better and
learn how to better manage his 300-store
burger empire. Fuller, a Carlsbad resident,
commutes north every day to his job in
Orange County. You can view the show
at the CBS Web site … Moving on down
the highway. Darrell Swain, a member of
Poway High’s class of 2000, teams up with
classmate Matt Higginson, son of Poway
Mayor Don Higginson, and two others to
launch PictureThis (getpicturethis.com),
which provides self-serve digital photography at weddings, reunions and corporate
events. It’s seen as an add-on service to
traditional photography, and the four have
been busy selling licenses up to $17,000
a pop to interested commercial photogs
… And speaking of things Poway, most
Walmart store expansion headlines are
about San Diego. But media attention will
soon be focused on Poway, where the City
Council is expected to receive a long overdue Environmental Impact Report that
lists the impacts of expanding the existing
142,000-square-foot store into a 200,000square-foot “supercenter” selling food and
other perishables. Community activist Joe
St. Lucas, the new head of the 800-strong
No We (No Walmart Expansion) group,
will lead opponents into battle. He takes
over for former headman Dave Grosch,
who surprised everyone and won a seat on
the council Nov. 2 … High-profile civic
personage Sara Wilensky Napoli is the
new CEO at the San Diego Police Foundation. She’s best known for her efforts
to raise $170 million for The San Diego
Foundation after the ravaging fires that
struck the region in October 2007. Her
nonprofit raises money to purchase added
equipment for cops that the city can’t
afford, and which helps increase public
safety … Finally. Have dreams of writing a best-seller, or penning a new how-to
business title? The 27th annual SDSU
Writers’ Conference, set for Jan. 28-30 at
the DoubleTree Hotel in Mission Valley,
is a huge draw for aspiring novelists and
would-be nonfiction authors. The conference is sponsored by San Diego State’s
College of Extended Studies. Navigate on
over to neverstoplearning.net for details.
Seeya!
Contributing editor Tom York pens the
SDBJ Insider. Send your news to him at
tyork@sdbj.com, or tom.york@gmail.com.
Armon Mills, president and publisher
of the San Diego Business Journal, has announced his resignation. Mills plans to
resume his career in
the accounting industry, joining J.H. Cohn
LLP as the firm’s
regional director of
"SNPO.JMMT
practice development
effective Feb. 1.
“I have enjoyed my position as president
and publisher of the San Diego Business
Journal for more than six years,” Mills
said. “San Diego is an outstanding region
in which to live and work and I am most
pleased to continue to be part of the local community in my new role with J.H.
Cohn. Although I am leaving the Business
Journal, I look forward to maintaining an
ongoing consulting relationship with the
newspaper.”
San Diego Business Journal Editorin-Chief Reo Carr, with whom Mills
has worked for the past five years, noted
that Mills has done an outstanding job
as publisher. “Armon is a consummate
professional,” Carr said. “He has a unique
background that combines his accounting
skills with a deep understanding of the
publishing business that comes from his
long, successful career in business journal
publishing.”
End of an Era
Mills’ departure from the Business
Journal marks the end of an era. His
career in publishing, which began in
1984, spans almost the entire history of
regional business journal publishing. He
started at the top of the business when
he was recruited from his job as a local
office managing partner of the national
CPA firm Fox & Co. to join American
City Business Journals Inc. as president
and chief operating officer. While in
this role, Mills oversaw the growth of
¨Mills page 38
Civita Development Brings Hope to Housing Market
CONSTRUCTION:Project
Will Take at Least 12 Years
To Build Over 4,000 Homes
®Ê#Z-06)*34)
In a sign of a potential awakening in
San Diego’s near dormant housing construction market, developers have broken
ground on Civita, a long discussed, 230acre mixed-use development that will
eventually include more than 4,000 homes
in the city’s Mission Valley area.
Formerly known as Quarry Falls, Civita
will be developed by locally based Sudberry Properties in four phases during the
next 12 to 15 years. The pedestrian friendly
development, with access to a city trolley
Company That
Oversees County
Pension Fund Sold
FINANCE:Executive Says
Fund’s Management May
Improve Under Texas Firm
®Ê#Z.*,&"--&/
Lee Partridge, the
county employee pension fund’s chief investment officer, says
the sale of his consulting business to a
larger Houston-based
investment firm won’t
alter the service he’s
-FF1BSUSJEHF
now providing, and
instead, give the fund increased resources
to achieve better results.
“This will give SDCERA more resources,” Partridge said. “There are 90 people at
Salient who eat and breathe nothing but
investment management.”
Under the arrangement, Partridge’s
Integrity Capital Services is now a part
of Salient Partners LP, a Houston investment firm that has about $8 billion under
management.
The San Diego County Employees
Retirement Association, with some $7.7
billion in assets as of June 30, hired Partridge in 2009 under a consulting contract
that pays him at least $885,000 annually
but more if he meets certain performance
standards. He replaced former chief in¨Pension page 38
stop, will eventually include apartments
and condominiums, offices, neighborhood
retail offerings and community gathering
spots.
Marco Sessa, a senior vice president of
Sudberry who handles
residential projects,
said the November
start of grading at the
property, near Friars
Road, followed eight
.BSDP4FTTB
years of planning and
design to ensure that
the development would meet sustainability
goals.
Developers met frequently over the
years with city planning groups and took
steps to minimize the potential effects on
the surrounding community, including
vehicle traffic, which has been an ongoing
concern in Mission Valley.
Overall planned housing density has
been revised slightly downward from
original plans, but otherwise the project
did not have to be altered drastically before
receiving its final entitlements in 2008,
Sessa said.
Optimistic Outlook
Developers felt that now was an appropriate time to move forward, as the
real estate climate, including demand for
homes, shows signs of gradual improvement compared with the past two years.
“We’re beginning to see signs of a
brightening environment, though it’s still
¨Civita page 38
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INNOVATION
DIGITAL EDITION USER GUIDE
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A look at innovative
organizations, concepts,
products and people
SonTek/YSI Acoustic Instruments Are the Measure of Success
MANUFACTURING:
Tools Help Manage and
Monitor Water Resources
SONTEK/YSI
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Investors:1SJWBUFMZIFMEFNQMPZFFPXOFE
“Water, water everywhere, nor any drop
to drink,” the great British poet Samuel
Taylor Coleridge wrote in “The Rime of
the Ancient Mariner.”
Those words have particular relevance
to Sorrento Valley-based SonTek/YSI, a
manufacturer of acoustic devices designed
to monitor and measure the flow of water
in canals, rivers and streams, as well as large
bodies of water such as lakes and oceans.
The business, launched in 1992, is now
a division of YSI Inc., located in Yellow
Springs, Ohio.
More than half of its market is foreign,
with its biggest customers located in Australia, Brazil, China, Great Britain and
Venezuela, with India not far behind. The
business markets its instruments to more
than 100 countries.
The business is unusual in that the design, manufacturing and marketing is all
done out of its Sorrento Valley headquarters, and also unusual in the fact that it is
employee-owned.
Headquarters: 4PSSFOUP7BMMFZ
Versatile Co-Founder
Ramon Cabrera, who was born in the
Canary Islands, and lived in Venezuela,
Hawaii and San Diego and who has training
in ocean engineering, computer science, and
physics, co-founded the company in 1992.
CEO: 3JDIBSE0NMPS
Financial information: /PUEJTDMPTFE
No. of local employees:
Year founded:
What makes the company innovative:
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The privately-held company quickly
emerged to become a leader in a world
where water, especially drinking water, has
become a valuable and sometimes scarce
commodity. Its competitors are Nortek AS
and Aanderaa Data Instruments.
Chris Ward, director of international
business development
at SonTek, says the
company employs 65
in San Diego. Ward
has been with the
company since 1997
after spending eight
$ISJT8BSE
years with the federal
National Oceanic and Atmospheric Administration, or NOAA.
“I was a little concerned about going
to work for a small, private company,
but it has turned out to be a lot of fun,”
he said.
He has traveled to more than 40 countries
as the executive in charge of business development, and has seen the company’s equipment used in multiple research efforts.
“The instruments tell you how fast water
flows, and where it is moving,” said Ward.
“That’s important to know, for all kinds
of reasons.”
The equipment is primarily used by
researchers and scientists in the field.
Variety of Devices
The company has developed a product line of 20 types of devices since the
invention of the first Acoustic Doppler
Velocimeter in 1993.
Most of the instruments are sold to
government concerns, such as NOAA and
the U.S. Geological Survey. The tools are
also sold to other governments.
The Chinese government is a big customer because it is trying to better manage
its water resources as it increasingly relies
on its national rivers to quench the thirst
of not only its residents but its fast-growing industrial sector.
SonTek/YSI devices are found everywhere that water research is being conducted, even in laboratories, said Ward.
For example, a research team from
Wayne State University in Detroit is
exploring the morphology of two rivers
feeding Lake Erie using the company’s
acoustic Doppler profiler and a small
“hydro board.” The researchers are trying
to determine how water flows are changing
the channels of the two rivers.
Government Application
In June, the U.S. government, using
federal stimulus money, purchased $3.4
million worth of SonTek/YSI instruments
as part of a $17 million effort to help
modernize the U.S. Geological Survey’s
network of 7,500 water monitors. The
USGS uses the data taken from various
stream flows to determine how much
water is available in various regions of
the country.
The company works closely with such
nonprofit environmental organizations as
the San Diego River Park Foundation and
the Surfrider Foundation.
Customers, mostly scientists, praise the
devices.
Kevin Kibby, who works with the U.S.
Bureau of Reclamation in the Sacramento Valley, uses SonTek/YSI devices to
measure water flows in irrigation ditches
and irrigation pipes from Lake Shasta to
Sacramento.
“They work well and we have no problems,” he said. “We’ve been very pleased
with them.”
“SonTek is a super cool, young company,” said Steve Elgar, a scientist with the
Woods Hole Oceanographic Institution in
Massachusetts, who has done research in
the Pacific Ocean off La Jolla. “We have
worked closely with SonTek/YSI on instrumentation for use in harsh environments,
such as surf zones, inlets, tidal flats and
Louisiana mud.”
Tom York is a contributing editor for the
San Diego Business Journal.
Md7 finds new corporate headquarters
at Torrey View Corporate Center.
Irvine Company Office Properties is pleased to announce
that Md7 has leased 23,900 square feet of office space,
relocating their North American headquarters to 10590
West Ocean Air Drive in San Diego.
Md7 is an operations and financial services company that
focuses on cell site leases for wireless operators. The company handles management of cell site portfolios for some
of the largest operators in the world. Md7 is a unique
enterprise that offers deep industry expertise, integrity,
technical know-how and innovative solutions.
Irvine Company Office Properties extends its appreciation
to David Marino of Irving Hughes for his efforts
with the lease transaction and thanks Md7 for selecting
Torrey View Corporate Center.
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Chargers Staying Put at Qualcomm, at Least for the Next Season
SPORTS BIZ: Proposed
$800M Downtown Stadium
Still Remains Viable Option
®Ê#Z.*,&"--&/
The San Diego Chargers said the team
won’t pull the trigger and exit Qualcomm
Stadium next season, but refused to make
a commitment to stay in San Diego beyond
that, according to a team announcement
Dec. 8.
In an article posted on the Chargers’
Web site, Mayor Jerry Sanders was quoted
as saying that team Chief Executive Officer
Dean Spanos told him the team won’t exit
its lease next year. Sanders’ office did not
Natural Forms
Offer Potential for
Product Designers
release any press statement on the issue.
Spanos said he was grateful for Sanders’
support along with efforts by the city’s
downtown redevelopment arm, Centre
City Development Corp., and the City
Council regarding the stadium issue. He
said the team intends to continue working
on some solution that works for both the
Chargers and the public.
Mark Fabiani, the Chargers special
counsel, said the team has explored every
possible option in the county during the
last eight years, and that a stadium proposed at a downtown site just east of Petco
Park “remains our best remaining shot at
a solution.”
Speculation that the Chargers were
laying the groundwork to relocate to Los
Angeles has heated up in recent weeks
following the announcement this summer
that majority owner Alex Spanos was selling his 36 percent of the team for estate
planning purposes.
Anxiety About L.A. Move
Although no sale was arranged, reports
that billionaire Philip Anschutz, chairman
of AEG, was buying that stake, and planning to build a new stadium in downtown
Los Angeles caused a lot of anxiety among
local sports fans.
The Chargers have denied that any sale
of Spanos’ stake was imminent, but have
said little up until Dec. 8.
The team said it has conducted an
extensive site analysis of the San Diego
downtown site, and will be working with
the city to determine whether a viable financing plan for an $800 million stadium
can be arranged and put before voters in
2012.
Fabiani noted that every time a stadium
idea pops up in L.A., the Chargers are
caught up in the rumor mill. “But as we
know better than most, it’s extraordinarily
difficult to build a new football stadium
anywhere in California,” he said.
As a result of a renegotiated lease in
2004, the Chargers can terminate its lease
with the city each year from Feb. 1 to April
30. Should the team do so, it would have to
pay a termination fee that has been dropping. If the team decides to break the lease
in 2012, that fee is $23.9 million.
TORREY PINES BANK CONGRATULATES FAMILY-OWNED
& CLOSELY-HELD BUSINESS AWARD HONOREES
TECHNOLOGY: Local
Innovation Cluster Would
Focus on ‘Biomimicry’
®Ê#Z45&7&4*/07*$
Nature is one of the best R&D labs
available, according to a local group exploring the potential of the business of
biomimicry as a future economic driver
in the San Diego region.
And much of the action could be taking place at one of the region’s top tourist
attractions: the San Diego Zoo.
Biomimicry, the discipline of applying nature’s principles to solve human
problems, provides the means to achieve
both environmental and economic goals,
according to the founders of the Biomimicry Bridge, who have formed an informal
alliance to transform an esoteric concept
into what they hope is the beginning of a
future industry cluster.
Bridge stands for Business, Research,
Innovation, Development, Governance
and Education.
The Zoological Society of San Diego
is a primary driver of the nascent collaboration and recently partnered with
Point Loma Nazarene University on an
economic impact report looking into the
feasibility of bringing another spoke into
the region’s burgeoning green economy.
“The completed report articulates a
compelling case for making the San Diego
region a global biomimicry hub,” said
Randy M. Ataide, executive director of the
Fermanian Business & Economic Institute
at Point Loma Nazarene University.
“Biomimicry could represent a revolutionary change in our economy by transforming many of the ways we think about
designing, producing, transporting and
distributing goods and services.”
Roots in Conservation
The San Diego Zoo’s effort to build
biomimicry as a new approach to solving
technical and economic challenges arises
from its mission to conserve endangered
species.
“The key to biomimicry is the value we
place on natural systems and species,” said
Paula Brock, chief financial officer for the
San Diego Zoo. “Biomimicry offers an
opportunity to bring successful economics together with conservation. We hope
¨Biomimicry page 38
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DIGITAL EDITION USER GUIDE
%FDFNCFS
Home Builders Put Plans for
Large Developments in Motion
CONSTRUCTION:Area
Projects Jump-Start Slow
Construction Rebound
®Ê#Z-06)*34)
Prospects for a recovery in San Diego
County’s housing market, especially in
the North County area, received another
boost recently when Beverly Hills-based
Shapell Homes announced its acquisition
of approximately 200 acres in Carlsbad, to
.BQDPVSUFTZPG4IBQFMM)PNFT
eventually build more than 600 homes.
#VJMEFS4IBQFMM)PNFTIBTBDRVJSFEBCPVUBDSFTJOUIFXFTUFSOQPSUJPOPG3PCFSUTPO3BODI
The news followed an August announceJO$BSMTCBEXIFSFJUQMBOTUPCVJMENPSFUIBOIPNFTEVSJOHUIFOFYUTFWFSBMZFBST
ment by nationwide builder Standard
7H[LU[Z0ZZ\LK
For over 45 years Knobbe Martens Olson & Bear LLP has represented
companies in connection with the strategic procurement, enforcement and
licensing of patent rights in all areas of technology. The firm also works
with investors and acquiring companies to assess the patent assets and
liabilities of target companies. A significant portion of the firm’s patent
practice is devoted to new and evolving Internet, biotech, medical device
and wireless communication technologies.
The firm works collaboratively with clients to build patent portfolios that
align with each client’s business objectives. An equally important part
of the firm’s practice involves helping clients monetize intellectual
property through creative sales and licensing strategies. Many of the
firm’s patent attorneys have previously worked in industry or as
50+ ATTORNEYS
SAN DIEGO’S LARGEST INTELLECTUAL
PROPERTY LAW FIRM
Examiners at the Patent and Trademark Office.
Frequently recognized as one of the top full service intellectual property
law firms nationally, the firm’s clients include public and private
companies at various stages of growth, from start-up to the global
*United States Patent & Trademark Office data, October 2010
ORANGE COUNTY
SAN DIEGO
SAN FRANCISCO
Fortune 500.
LOS ANGELES
RIVERSIDE
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S E AT T L E
WA S H I N G T O N D C
kmob.com
2UVIIL4HY[LUZ6SZVU)LHY337
Pacific Homes, which said it will invest at
least $150 million to move forward on a
previously stalled development near Escondido, which would eventually include
more than 700 homes on 468 acres.
Matt Koart, Shapell’s chief executive
officer, said by phone
that the privately held
company is not divulging what it paid
to acquire the acreage,
spanning the western
portion of the larger
Robertson Ranch in
Carlsbad, or what it
.BUU,PBSU
plans to invest by the
time the property is fully built out.
But Koart said the company, which has
been focused primarily on Orange County
communities during the past decade, is
cautiously optimistic as it returns to San
Diego County for its first new local development in several years.
A relative lack of remaining available
large parcels in the county, especially in
well-located areas near the coast, also
prompted the company to act now in
anticipation of rising housing demand in
the long run.
“We do sense that the economy is improving, but that’s not being incorporated
into our underwriting,” Koart said. “We
are assuming that demand will be better
when it’s time to sell homes, but we don’t
expect that prices will be much above
where they are right now.”
Advance Preparations
He said the builder expects to begin
putting up homes on the site in about two
years.
While the company likely won’t build
the full 680 allowed under the property’s
master plan, the number eventually could
surpass 600.
Those homes will include a range of
sizes and price points, including townhomes smaller than 2,000 square feet and
higher-end dwellings of 4,000 square feet
and larger.
The Shapell development will also include a neighborhood-serving retail center
in a village setting, and about half of the
property has been set aside for open space
and recreational uses.
Gary Barberio, Carlsbad’s community
and economic development director, said
the property acquired by Shapell, located
off El Camino Real and Cannon Road,
is among the last large undeveloped
properties available for multi-use housing projects in the city, although there
are currently several developments in
progress.
In the eastern portion of Robertson
Ranch, builders including Brookfield
Homes, D.R. Horton Inc. and William
Lyon Homes have communities in various
building and planning phases.
San Diego County housing construction, measured in building permit valuations, has been in a slow rebound mode
in 2010, although levels of development
remain well below what was seen before
the recession.
According to the Construction Industry
Research Board, residential building activity — including construction and renovation of homes and apartments — was up
10 percent from a year ago for the first 10
months of 2010. Permit values rose from
$748.8 million in 2009 to $825.9 million
this year.
%FDFNCFS
4"/%*&(0#64*/&44+063/"-
DIGITAL EDITION USER GUIDE
www.sdbj.com
1BHF
Daphne’s Greek Café to Deliver Healthier Menu, ‘Cooler’ Eateries
HOSPITALITY:Sites to Be
More Hip, Dish Up Higher
Grades of Meat, CEO Says
DAPHNE’S GREEK CAFÉ
Financial
information:/PU
EJTDMPTFE
Trefethen acknowledges that Daphne’s
stumbled when it took on too many leases
and other expenses related to setting up
new restaurants, and paid for that mistake
when the economy cratered.
®Ê#Z-06)*34)
No. of local
employees:
New Look
Nearly a year after its bankruptcy filing,
the new leader of Daphne’s Greek Café
is looking to reintroduce the fast-casual
restaurant chain to the dining public.
Chief Executive Officer William Trefethen plans to execute an extensive menu
of changes in 2011. Those include interior
redesigns and an overhaul of the brand’s
marketing, aimed at positioning Daphne’s
as a go-to place for healthy eating.
“We want to be thought of in the way
people think of Whole Foods for groceries,” said Trefethen, 46, whose investment
company, Trefethen Advisors LLC, acquired Daphne’s out of bankruptcy in
August. Financial terms of the sale were
not disclosed.
“We’re going to emphasize healthy
foods, but we’re also going to design our
locations to be more hip, more cool and
contemporary,” he added.
The privately held Daphne’s, founded
in San Diego by George Katakalidis,
was among the restaurant industry’s best
performing and fastest growing regional
players for years, at one time operating
nearly 80 restaurants in five states.
CEO:8JMMJBN5SFGFUIFO
Investor:5SFGFUIFO
"EWJTPST--$
Headquarters:
$BSMTCBE
8JMMJBN5SFGFUIFO
Year founded:
Company description:0QFSBUFTGBTU
DBTVBMSFTUBVSBOUTTFSWJOH(SFFLTUZMFGPPE
Its competitors include Panera Bread,
Chipotle Mexican Grill and Panda Express.
The CEO said restaurants will have
interior signs, photos and menu boards
updated to better showcase the chain’s
healthy offerings. The menu will include
a larger variety of salads, Greek desserts
and other offerings specific to the Mediterranean region.
Entrees will be prepared with higher
grades of meat, including Angus beef
and possibly free-range chicken. Cups and
packaging will emphasize sustainable and
eco-friendly practices, and lighting at the
restaurants will be toned down to welcome
nighttime visitors.
Trefethen said a centerpiece of the
rebirth is a complete overhaul of the
chain’s consumer marketing efforts, as it
aims to build on a loyal, educated customer base with more effective use of the
Internet and social media. For instance,
over the years Daphne’s has built up an
e-mail database of 90,000 customers, and
its Facebook page has more than 9,000
friends.
“Our marketing campaign at one time
was basically putting out coupons a couple
times a month,” Trefethen said. “But what
our research told us was that our core customers aren’t the ones who are spending
time looking for coupons to clip from the
Sunday paper.”
Do you have to reach out to your banker?
Or is it the other way around?
Bankruptcy Filing
A combination of too much expansion-related debt and the onslaught of the
Great Recession, which severely curtailed
consumer spending at restaurants, led the
company to file for Chapter 11 bankruptcy
protection in January, according to the
bankruptcy filing.
Trefethen, who is also managing director
of Arizona-based investment consulting
firm Trefethen Advisors, spearheaded formation of a holding company that acquired
the restaurant chain’s assets and assumed
certain liabilities from Katakalidis, who is
no longer involved with the company.
With the acquisition, Daphne’s has
relocated its headquarters to Carlsbad.
It has also slimmed down to 60 locations
— all but two of them in California, with
about a quarter of those in San Diego
County — after shedding several leases in
the bankruptcy process.
Like many established chains, which are
slowly recovering as diners head back to
restaurants, Daphne’s faces challenges that
are significant but not insurmountable, according to a restaurant industry expert.
Fast Track
Darren Tristano, executive vice president
of Chicago-based restaurant industry consulting firm Technomic, said Daphne’s was a
leading performer among fast-casual chains
for a five-year stretch, from 2004 to 2008.
Its annual sales more than doubled during
that period, going from about $35 million to
more than $75 million, and it remains the top
chain purveyor of Greek food.
Much of that sales growth was fueled
by rapid expansion, with more than 30
locations opened or placed in the pipeline
between 2005 and 2008 — about half of
those in 2006, according to Technomic.
Scaling back was likely the right correction to make, said Tristano. “They apparently just overstretched themselves when
they tried to move beyond their core base
of California.”
Daphne’s operators do not report revenues and earnings, and the new owners are
not divulging the amount being invested
in the revitalization.
#279%16%*-1%1'-%/53)'-%/-569,271()456%1(5;274924/(3428)1&%1.-1+):3)469-6,%52/-(64%'.4)'24(2*
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62924.62,)/3564)%0/-1);27464)%574;0%1%+)0)1623)4%6-215%1(0%:-0-<)342*-6%&-/-6;2129%56421+)4
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1BHF
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DIGITAL EDITION USER GUIDE
%FDFNCFS
Hospital Performs Area’s First Robotic Surgeries on Oral Cancers
HEALTH CARE: Technique
Could Reduce the Length
Of Patients Hospital Stay
®Ê#Z45&7&4*/07*$
The first transoral robotic surgeries in
San Diego have been performed at Sharp
Chula Vista Medical Center and all three
patients who underwent those procedures
are recovering well, said the surgeon who
is leading up the effort to help patients beat
early-stage oral cancer.
Advances in robotic surgery prompted
the hospital to look for ways to apply that
technology to treat tumors of the mouth
and throat. And thanks to a local benefactor, the institution hopes to be performing
more procedures on local patients.
The hospital is one of fewer than a dozen
in the U.S. to offer the procedure, which was
launched thanks to a $1.2 million anonymous donation to Sharp Chula Vista. The
donation helped fund the acquisition of
Intuitive Surgical Inc.’s da Vinci Surgical
System, said Dan Dredla, vice president
of business development for the 343-bed
hospital in south San Diego County.
“We were fortunate that a donor helped
us purchase the da Vinci,” said Dredla. “It’s
a costly system, and it was challenging to
find the capital to acquire it on our own.”
The da Vinci robot, which combines
enhanced 3-D views with precise incision capabilities, is already being used for
various surgeries at hundreds of hospitals
throughout the country and around the
world. However, it was just recently that
the U.S. Food and Drug Administration
approved using the da Vinci for the transoral surgeries, or TORS, procedures on
head and neck cancers.
While Dredla didn’t have exact figures
on how many patients the hospital admits
with head and neck cancers, it’s probably
3 percent to 5 percent of all patients with
cancer. Not all of these patients will have
surgery. Sharp Chula Vista admits about
400 inpatients per year with a primary
diagnosis of cancer. That’s just inpatient
admissions — hospital staff also treats
many more on an outpatient basis.
Technological Forefront
Dr. Albert McClain, an ear, nose and
throat specialist affiliated with Sharp
Chula Vista, said acquisition of the TORS
system is significant.
“This is going to allow us to be at the
“City National covers
all our needs.”
O
ur ranch acts as the focal point for our whole
family. We all enjoy the time we spend
very forefront of technology when it comes
to giving our patients the very best possible
outcomes,” he said.
Based on McClain’s estimate of the
number of procedures he expects to perform, the institution may see a modest increase in the number
of surgeries for oral
cancer at Sharp Chula
Vista.
Oral cancer is the
only head and neck
cancer for which the
FDA approves the use
"MCFSU.D$MBJO
of the robotic surgical
system. Other types
of head and neck cancers affect the salivary glands, sinuses, pharynx, larynx, and
lymph nodes in the upper neck.
The most common robotic surgical
procedures at Sharp Chula Vista are for
urological and gynecological conditions,
especially prostate cancer, uterine fibroids
and endometriosis.
In terms of revenue stream, insurance
companies do pay hospitals for treating
patients with the robotic system.
“We’re not generating more revenue with
each case that uses a robotic system,” said
Dredla. “In fact, the cost of the robotic
system actually erodes our profit margin.
“Where we (hospitals) benefit financially
is by using a surgical technique that reduces overall length of stay and complications. That helps with downstream revenue
and expense.”
Innovative Automation
there. It’s time we cherish. Michael is a litiga-
Named after the famous Italian artist
Leonardo da Vinci for his intricate engineering designs, the da Vinci Surgical System was approved by the FDA in 2000 and
was the first robotic equipment allowed in
U.S. operating rooms. Other San Diego
hospitals use the da Vinci as well.
TORS, a minimally invasive endoscopic
technique, targets removal of early-stage
tumors of the tongue base, throat, larynx
and skull base. Traditionally, those cancers
have been removed through either an incision in the neck or through the mouth,
which often requires splitting the lower lip
and dividing the jaw.
According to the American Cancer
Society Inc., nearly 40,000 new diagnoses
of oral cancer are made every year, but
they’re usually not discovered until they
have advanced significantly.
“Oral cancer can be hard to catch because the symptoms vary,” said McClain.
“Some patients experience ear pain or have
difficulty swallowing, while others have no
symptoms at all.”
Treatment for oral cancer typically includes a combination of radiation therapy,
chemotherapy and surgery, but traditional
surgery involves large incisions which can
have devastating side effects like facial
disfigurement and permanently impaired
speech, eating and swallowing.
tion attorney with a background in finance.
So he could spend time managing our money.
But frankly, he doesn’t enjoy it.
We met with City National, and liked
the way they approached investing. We
decided to move over everything on a trial
basis – and we never looked back. City
National banks Michael’s law firm and our
farms, and they bank us personally. It’s nice
to have everything in one place.
City National is The way up® for our family.
Phyllis & Michael Hennigan
Philanthropist & Attorney
View the Hennigan’s complete story at cnb.com/thewayup.
For a relationship you can trust, call us at (866) 792-8339.
Pioneers in Surgical Procedure
California’s Premier Private and Business Bank®
Non-deposit Investment Products are:
Past performance is not an indication of future results.
Q
not FDIC insured
Q
Member FDIC
not Bank guaranteed
Q
may lose value
©2010 City National Bank
McClain received his TORS training at
the University of Pennsylvania from the
physicians who founded the new procedure
and set up the world’s first TORS program
in 2004.
The three initial cases he has treated
were not very difficult cases, but gave
McClain and his team an opportunity to
work with the technology. The cases were
a benign palate tumor and early-stage
tonsil cancers.
“TORS isn’t for everyone, but it’s an
important option to have,” McClain said.
“It’s amazing how treatment for oral cancer is advancing.”
%FDFNCFS
DIGITAL EDITION USER GUIDE
4"/%*&(0#64*/&44+063/"-
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1BHF
Firm Charged Up About Its Ability to Make Batteries Last Longer
TECHNOLOGY:Startup
Raises Funds, Works With
Automaker, Research Lab
WILDCAT DISCOVERY
TECHNOLOGIES
®Ê#Z45&7&4*/07*$
No. of local employees: Wildcat Discovery Technologies is fast
tracking methods to develop better battery
materials and sell them to a wide variety
of customers.
Wildcat has attracted the backing of
investors such as the San Francisco-based
Virgin Green Fund, which believes the firm
is capable of achieving profitability in the
next five years — from royalties, the materials it is working to discover and licensing
agreements with large companies.
The San Diego-based startup is engaged
in the discovery and sale of specialty materials in a fairly new space for clean-tech
energy applications.
While Wildcat’s clients asked that they
not be named, current customers number
30 companies throughout the battery supply chain, said Jon Jacobs, vice president of
business development. They include global
chemical companies in the U.S., Europe and
Asia; a large Japanese automaker; a leader
in the medical devices industry; a major defense contractor along with the U.S. Army
Research Laboratory; and several small and
large battery cell manufacturers.
“Our work is about helping these clients
make single-use batteries last longer,” said
Jacobs, referring to the company’s focus,
which is developing tools that rapidly make
and test new materials in the manufacture
of batteries.
“The business model is twofold: collaborative research for other companies
and our own internal research to license
or patent,” said Jacobs.
Faster Process
Local serial entrepreneur and biochemist Peter Schultz founded the private
company. A professor of chemistry at The
CEO: .BSL(SFTTFS
Financial information: /PUEJTDMPTFE
Investors:7JSHJO(SFFO'VOE$.&"
7FOUVSFT".7FOUVSFTBOE-BXSFODF#FSLFMFZ
/BUJPOBM-BCPSBUPSZ
Headquarters:4PSSFOUP7BMMFZ
Year founded: Company description:%JTDPWFSZBOETBMF
PGTQFDJBMUZNBUFSJBMTGPSDMFBOUFDIFOFSHZ
BQQMJDBUJPOTXJUIBOFNQIBTJTPOCBUUFSZ
TUPSBHF
Scripps Research Institute who still sits on
the Wildcat board of directors, Schultz
pioneered the idea of high throughput
chemistry in making drug discoveries,
which Wildcat is now applying to the
world’s energy needs, said Jacobs.
Proprietary technology enables Wildcat scientists to synthesize and evaluate
thousands of materials in the time it takes
most labs to evaluate only a handful, the
company said.
In terms of the future revenue stream,
Wildcat Chief Executive Officer Mark
Gresser said the company would profit the
most by developing primary and rechargeable battery materials that have applications
in electric vehicles, cell phones, computers,
medical devices and the smart grid.
Gresser said Wildcat (the term dates from
the hard-charging oil industry in the 1880s)
has enough money to back research and
development until the end of next year, and
will be looking to raise additional capital to
increase its discovery capabilities and hire
more scientists and researchers.
Wildcat isn’t the only player in the nascent
battery storage arena. United Kingdombased Fife Batteries Ltd. is also developing
high-performance lithium-ion materials.
While Wildcat’s current focus is battery-related, its proprietary technology is
UC San Diego Receives $6.5M
To Decipher Protein Interactions
BIOTECH:Effort Could
Shine Light on Diseases;
Big Pharma Takes Notice
®Ê#Z45&7&4*/07*$
Before drugs can be put into the pipeline in the future to battle diseases with a
genetic component, pharmaceutical companies first “need to know how different
proteins talk to different proteins,” said San
Diego scientist Trey
Ideker, who is leading
up an effort to crunch
data in the study of
biological networks,
an effort that recently
got the backing of the
5SFZ*EFLFS
federal government.
Ideker, an associate professor of bioengineering at UC San Diego’s Jacobs School
of Engineering, is also the principal investigator of a new center called the National
Resource for Network Biology at UCSD’s
School of Medicine, which recently was
funded by a five-year, $6.5 million grant
from the National Center for Research
Resources, part of the National Institutes
of Health.
NATIONAL RESOURCE
FOR NETWORK
BIOLOGY
Executive director: "MFYBOEFS1JDP
No. of local employees: Funders:/BUJPOBM*OTUJUVUFTPG)FBMUIBOEPUIFS
TPVSDFT
Location:6$4BO%JFHP4DIPPMPG.FEJDJOF
Year founded: Mission of organization%FWFMPQJOH
PQFOTPVSDFTPGUXBSFUIBUEFTDSJCFTDPNQMFY
NPMFDVMBSJOUFSBDUJPOTXJUIJODFMMT
The primary goal of the center is to
develop a suite of software for advanced
studies of existing biological systems for
genome sequencing. Medical researchers
are very interested in gene sequencing because the process can be used to identify
genetic abnormalities.
While UCSD researchers have been
working at building databases on protein
interactions since 2002, being an NIHfunded center “gives us an influx of dollars we didn’t have before and allows us
to take our research to the next level,”
said Ideker.
¨Research page 12
very scalable. For example, Wildcat is a
collaborator on a $3.6 million federal contract looking into carbon capture, building equipment for the Lawrence Berkeley
National Laboratory in Berkeley to test its
ideas, Jacobs said.
Storing Energy
Evan Lovell, a principal with the Virgin
Green Fund, a private equity group that
invests in companies in the renewable energy and resource efficiency sectors in the
U.S. and Europe, said Wildcat is one of 10
clean energy startups with potential that
the company is backing.
The firm, which has offices in London
and San Francisco, has invested $220 million in businesses that are trying to develop
renewable energy or make the use of natural
resources more efficient. Lovell declined to
say how big a stake Virgin has in Wildcat.
“Wildcat is going after a unique area:
storage of energy,” said Lovell, adding that
some clean-tech companies have survived
by giving up on the idea of building big,
expensive factories to produce alternative
energy and instead are selling their technology to bigger companies.
“This is a very interesting growth sector,
but the road to profitability is a long-term
one,” said Lovell, adding that many greentech startups are either acquired by bigger
companies once they start proving their
mettle or go public.
In the meantime, Wildcat is looking at
finding some great ideas in the chemistry
lab, said Jacobs, referring to the company’s
14,000-square-foot space where scientists
are putting many new materials through
the mill.
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NEWS IN BRIEF
Dignitaries Break Ground
On Sunrise Powerlink
The aircraft carrier USS Nimitz, which
left Naval Air Station North Island on Dec.
6 for a year of maintenance in Bremerton,
Wash., has permanently changed its home
port, leaving San Diego, the U.S. Navy
said on Dec. 9.
The move means San Diego is now
home to two aircraft carriers, the USS Carl
Vinson and the USS Ronald Reagan.
The loss of the Nimitz will be an economic blow to San Diego. The U.S. Navy
estimates a single aircraft carrier brings an
economic impact of $207 million annually
to its home port.
Navy officials have promised San Diego
a third carrier in 2016, said a spokesman
for Rep. Susan Davis, D-San Diego.
Gov. Arnold Schwarzenegger along
with top officials from San Diego Gas &
Electric Co. and elected officials gathered
in Boulevard on Dec. 9 to break ground
on the controversial Sunrise Powerlink
transmission line.
Construction of the 117-mile power
line to move solar and wind power to San
Diego — and intended to increase reliability of the power grid — began in Alpine.
When completed in two years, the project
will have the capacity to carry at least 1,000
megawatts, or enough energy to power
650,000 homes, SDG&E said.
Schwarzenegger called the power line
“a huge win for the people of California.”
He said it will open the door for additional
green investments and job creation in the
REGIONAL REPORT
SAN DIEGO COUNTY
OCEANSIDE
REIT Paying $36M in
Cash for Retail Center
New York-based Retail Opportunity
Investments Corp. has purchased Marketplace Del Rio in Oceanside for $36 million.
The grocery-anchored retail center is at
3744-3784 Mission Ave.
According to a Nov. 29 company filing
with the U.S. Securities and Exchange
Commission, the company entered into
a purchase and sale agreement with the
seller, Mission Center LLC, on Nov. 22
to acquire the 177,136-square-foot center.
The acquisition price will be paid in cash
at closing.
The neighborhood center, built in 1980
and subsequently renovated, has tenants
including grocer Stater Bros. Markets and
a Walgreen Co. drugstore.
‡-PV)JSTI
Two Land Acquisitions
Expand Natural Habitats
The County of San Diego and the San
Diego Association of Governments, recently acquired 40 acres of sensitive habitat in an unincorporated area of North
County called Escondido Creek, south
of the City of San Marcos. Sandag also
announced the acquisition of 32.5 acres
located adjacent to a natural preserve in
the Del Mar that will increase the protected area.
Sandag said the organization and the
county evenly divided the $2.3 million
acquisition cost for the Escondido Creek
land. The planning agency said it spent
$2.6 million for the Del Mar land, called
the Zamudia property, which will be used
to offset transportation improvements to
Interstates 805 and 5.
‡.JLF"MMFO
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Imperial Valley, while helping to reduce
gas emissions, and improving the reliability
of the power grid.
The project was opposed by many residents in and around the Cleveland National Forest and parts of East County where
the power lines were initially planned to
traverse. In response, SDG&E revised the
power line’s path to circumvent most of the
national parkland, although it will still cut
through many residential areas.
However, many said the power line
will increase the danger of wildfires in an
already fire-prone area.
County Supervisor Dianne Jacob, a
staunch opponent of the project, said,
“Today’s deplorable and premature celebration is an insult to the fire-prone communities that will live in constant fear if
this line is built. This is not a done deal.”
SDG&E said extensive mitigation ef-
forts have reduced 45 percent of the overall
impacts from the project’s construction.
The company received a notice to proceed with construction from the California
Public Utilities Commission on Nov. 23,
clearing the way for work on an underground section in Alpine that actually was
started Nov. 30, SDG&E said.
The project is expected to generate 400
to 500 construction jobs during the next
two years.
‡.JLF"MMFO
Port Officials Delay Action
On Embarcadero Plans
San Diego port district commissioners have postponed action until January
on revised plans for the first phase of
development in the long discussed North
Embarcadero improvement project.
‡-PV)JSTI
News and notes from
communities around
San Diego County
X
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Breaking news
from www.sdbj.com
San Diego Will No Longer
Be Home to USS Nimitz
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PH 858.704.3838
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108":
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CHULA VISTA
POWAY
Helix Wind Chief’s
Resignation Announced
Effort Helps Disabled Vets
Find Contract Opportunities
Helix Wind Corp., a locally based designer and manufacturer of wind turbines,
said in a Dec. 6 securities filing that its
chairman, Chief Executive Officer and
President Scott Weinbrandt, had resigned
his positions effective Dec. 2. Helix did not
give a reason for the resignation, but said
it was “not due to any disagreements with
the company.”
In the same securities filing, Helix said
its board elected Kevin Claudio to fill a
vacant board seat.
Shares in Helix traded on the OTC
Bulletin Board as HLXW.OB stood at
15/100ths of a cent near the end of the
trading day Dec. 6, down from a previous
close of 18/100ths. Helix reports a market
capitalization of $777,000.
Helix said Nov. 29 that it will provide
80 of its vertical axis wind turbines for
Lincoln Financial Field, home stadium
for the Philadelphia Eagles football
team.
Southwestern College launched a new
program aimed at helping local businesses
owned by disabled veterans to more effectively compete for government contracts.
The free program is offered by the San
Diego Contracting Opportunities Center,
a sponsored program of the community
college, in cooperation with the U.S. Department of Veterans Affairs and includes
12 online classes.
Upon completion, a business would receive a certification signaling to government
contractors that they are better prepared to
win a contract. The designation would help
the veteran-owned business to stand out
among competitors, the college said.
‡#SBE(SBWFT
X
CARLSBAD
$"3-4#"%
Army Orders Lighting
Firm’s High-Tech Gear
Xenonics Holdings Inc., a Carlsbadbased firm that makes high-tech lighting
and low-light vision products for clients
including military and law enforcement
agencies, has received a $300,000 order
from the U.S. Army for weapons lighting
gear.
The company announced Nov. 30 that
the Army’s Rapid Equipping Force is
purchasing the firm’s NightHunter 3 highintensity illumination devices and related
vehicle mounting kits. The kits allow the
lighting gear to be securely attached to
weapons or vehicles, where lighting can
be rotated in any direction or quickly
removed for hand-held use.
The order is scheduled to be delivered
in January.
Company chairman Alan Magerman
said in a statement that this is the firm’s
second order of the technology from the
Army within the past few weeks.
‡-PV)JSTI
‡.JLF"MMFO
X
%&-."3DEL
MAR
Stellar’s Solar Power
Makes Tree Lots Merrier
Stellar Solar is providing its mobile
solar station to power three San Diegoarea Purdy Farms Christmas Tree lots,
including the one in Del Mar at 2260
Jimmy Durante Blvd.
The solar stations will power the lights
on the perimeter of the lots and the electric
chain saws used to trim trees for customers in Del Mar, Carlsbad and San Diego.
It’s the first known use of solar to power
a Christmas tree lot, according to Purdy
Farms owner Michael Purdy.
‡4UFWF4JOPWJD
X
40-"/"#&"$)
SOLANA BEACH
Online Store Has Green
Gift Wrap All Sewn Up
GratitudeGiftBags.com has a bright
idea for green gift-wrapping alternatives.
The Solana Beach-based business is
looking to help consumers transition away
from single-use paper wrap to its reusable
fabric gift bags.
“This new trend in cloth wrapping is the
ultimate gift — to the Earth,” said owner
Barbara Nelson.
The reusable product line can be viewed
online at GratitudeGiftBags.com.
— 4UFWF4JOPWJD
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Metro United Bank Shrinks, Deals With Recovery’s Slow Pace
Metro United
Bank, based in San
Diego and operating six branches in
the state, continues
to grapple with high
amounts of problem
assets, but at least it
FINANCE
has higher than average capital ratios to
Mike Allen
fall back on.
The $400 million bank that received
a cease and desist order in July is also
shrinking in size and is not making as
many loans, according to its third-quarter results filed with the Federal Deposit
Insurance Corp.
For the quarter ending Sept. 30,
Metro United reported net income of
$737,000, compared with a net profit of
$227,000 for the third quarter of 2009.
For the nine months, Metro United
reported a net loss of $2.57 million,
compared with a net loss of $508,000 for
the like period last year.
The losses were caused by the bank
having to boost its reserve balance to
cover anticipated and actual losses from
defaulting loans. As of the third quarter,
the amount of its problem assets, both
nonaccrual loans and real estate owned,
was $16.2 million. That made up 3.95
percent of the bank’s total assets of
$410.8 million.
In the prior year’s third quarter, the
bank held $17.6 million in nonperforming assets, or 3.8 percent of its total
assets of $455.7 million.
Reducing the bank’s number of classified assets was among a number of issues
that federal and state regulators cited
in the consent decree the bank received.
Other issues in the order focused on
qualified management, restricting advances to borrowers whose loans aren’t
paying off regularly, and dividends.
Chairman and Chief Executive Officer
George Lee of MetroCorp Bancshares
Inc., the holding company for Metro
United Bank and Houston-based MetroBank, said in a third-quarter report
that the bank improved its capital ratios
when it issued $2.9 million in a private
stock offering in September. Yet, Lee
was staying cautious in what has been
probably the slowest economic recovery
in the nation’s history.
“We believe the economies of the local
markets we serve have stabilized, but
their recovery, if any, is at a tortuously
slow pace,” Lee said.
In other key metrics, Metro United
Bank is shrinking in size, which is another strategy many banks use to increase
capital ratios. As of Sept. 30, assets were
down by about $45 million from the like
quarter of 2009, while total loans were at
$321.2 million, down $35 million.
Despite its problem loan issues, Metro
United’s capital base remains healthy,
and qualifies it to be considered as “wellcapitalized.”
Its Tier 1 capital or core equity at
Sept. 30 was 10 percent, and total riskbased capital was 13.75 percent. Banks
with at least 10 percent in the latter ratio
are classified as well-capitalized.
Metro United has company among local banks that are operating with regulatory orders. As of this month, four other
San Diego-based banks have various
orders to correct certain aspects of their
operations. Torrey Pines Bank had its
cease and desist order, which it received
in late 2009, terminated in October.
At the end of the third quarter, the
FDIC said the number of problem banks
nationally rose to 860 from 829 in the
second quarter, which is 11 percent of all
commercial banks and savings institutions.
That’s the largest number of problem
banks since March 1993 when the FDIC
listed 928 banks and savings and loans
on its problem list.
In other regulatory news, the FDIC
seized 149 banks as of Nov. 19. That
number exceeds the 140 banks that failed
for all of last year.
•••
Vibra Bank Grows: Some lenders may
be retreating from making loans due to
excess problem loan baggage, but others
are intent on expanding their portfolios
and putting capital to work.
Vibra Bank, with a single office in
Chula Vista, is firmly in the latter camp,
making lots of new loans since it opened
its doors in July 2008.
As of the third quarter, Vibra reported
total assets of $68 million, up 73 percent
from the prior year’s third quarter when
it held $39.2 million in assets.
Total loans were $51 million, up 70
percent, and deposits were $54 million, up
125 percent from the like quarter of 2009.
The bank reported a net loss through
the nine months of 2010 of $594,000 as
its operating expenses still exceeded revenue. For the like period of 2009, Vibra
reported a net loss of $1.3 million.
Vibra still has hefty capital ratios as a
result of raising $14.8 million in equity
before it opened. As of Sept. 30, its Tier
1 capital was 16.72 percent, and its total
risk-based capital was 22.61 percent.
One more thing: Because Vibra is so
young, it has zero problem loans.
•••
Bank Stocks Given Thumbs Up: The
recent run-up of the stock market shows
some of the biggest gainers in financial
services.
In a Dec. 1 report, Goldman Sachs
Group Inc. economists predicted acceleration in economic growth both in
the U.S. and globally next year, and
recommended buying stocks of banks to
capitalize on the growth.
Send any news of locally based financial companies to Mike Allen via e-mail at
mallen@sdbj.com. He can be reached at
858-277-6359.
Giving chocolate lovers their wish
one inspiration, one bite, one box at a time.
Opportunity at every step.
Fran Bigelow got her start selling chocolate creations from her kitchen. Since then, we’ve helped Fran’s
Chocolates become one of the nation’s most successful chocolatiers, both online and with several top tier
locations. As Fran’s commercial bank, we’ve provided everything from merchant services to a revolving line of
credit. Helping to cover Fran’s working capital needs while leaving Fran to cover peoples’ desire for chocolate.
Learn how our dedicated client managers can help your business grow.
Call Kate Collier at 1.619.419.2817 or visit bankofamerica.com/businesssolutions7
“Bank of America Merrill Lynch” is the marketing name for the global banking and global markets businesses of Bank of America Corporation. Lending, derivatives, and other commercial banking activities are
performed globally by banking affiliates of Bank of America Corporation, including Bank of America, N.A., member FDIC. Securities, strategic advisory, and other investment banking activities are performed globally
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Keeping
Control of
Your Social
Network
In last month’s column
I wrote about a tool called
Firesheep that makes it
very easy for a person to
hijack many different social
networking accounts. The
tool does this by exploiting
extremely poor security
practices by almost every
major website in the world.
Randy Abrams
When you log into most
websites they will encrypt
your username and password, but then they use an
unencrypted cookie as a “proxy” for your username
and password. The cookie can easily be captured
and used by another person on the same network to
gain access to your account. Services like LinkedIn,
Yahoo Mail, Facebook, MySpace, Twitter, Live Mail,
and many others are vulnerable to the attack. Because
services like Facebook don’t actually care at all about
your privacy they use default practices designed to
make it easy to steal your account. Actually, LinkedIn,
Yahoo, and live are much worse as they don’t even
offer unadvertised protections that are available.
So, how do you defend? The best way is to use a
Virtual Private Network, usually called a VPN. A VPN
will encrypt the data that travels between your PC
and other web sites. If you have a corporate VPN you
need to check with your IT administrator to see exactly
what is protected. In a corporate environment it is
common that only the data between your computer
and the corporation is encrypted. There are several
commercial solutions available that will encrypt all
of your data. Without a VPN, Yahoo is never safe to
use in public.
There are also some other ways to protect some
of your data. For services such as Facebook, Twitter,
and several others you can use the Firefox browser
with a plug-in called HTTPS Everywhere. When using
the HTTPS protocol your data is encrypted and that
protects it from snooping eyes, such as people using
Firesheep. There is a limitation to HTTPS Everywhere.
The plug-in can only force HTTPS for websites that
support secure connections. This means that if you
have the plug-in and got to Facebook or Twitter your
data is encrypted, but since Yahoo Mail does not
support HTTPS, your email is easily intercepted by
anyone on the same wireless connection.
If you use WIFI at home and have WPA2 encryption
enabled then you are pretty well protected, but in a
public place even this does not offer protection as all
computers connected to the WIFI access point share
the same encryption password. Another effective
defense is to use a cellular WIFI card. Going through
the cellular provider offers encrypted communications
as well.
If you have any general security questions please
feel free to email me at askeset@eset.com
Randy Abrams is Director of Technical Education for ESET
AskESET@eset.com
www.eset.com
610 West Ash Street, Suite 1900
San Diego, CA 92101 • 866.496-ESET
ESET paid for this space and is solely responsible for its content.
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Move Puts Hurdles in Way of Big-Box Retailers
San Diego shoppers who don’t live
near one of WalMart Stores Inc.’s
“Supercenter” locations — which sell
a full line of groceries in addition to
general merchandise
REAL ESTATE
— will likely have to
Lou Hirsh
wait a little longer
for one to come to their neighborhood.
That will apply as well to some other
big-box retailers, such as Target, after
the San Diego City Council voted Dec. 2
to override a mayoral veto and uphold a
measure it passed in November, requiring developers to conduct economic
and community impact studies before
superstores can be built.
The new law applies to stores larger
than 90,000 square feet that generate
more than 10 percent of revenues from
groceries. It does not apply to warehouse
club stores, such as Costco Wholesale
Corp. and Wal-Mart’s own Sam’s Club,
which sell groceries in bulk quantities.
After the veto override, Councilwoman Marti Emerald, one of five council
members who backed the legislation,
said it was not a ban on Wal-Mart but
was needed to take into account the potentially harmful impact that mega-sized
chain stores have on small and neighborhood businesses.
“It’s happening in Washington, D.C.,
Baltimore, Chicago and Los Angeles,
where policymakers are trying to make
the best land use decisions for consumers
and businesses, small and large,” Emerald said. “Why should San Diego be any
different?”
Joining Emerald in backing the measure and the veto override was Councilman Todd Gloria, who first proposed it,
as well as members Tony Young, Donna
Frye and Ben Hueso.
A spokeswoman for Mayor Jerry
Sanders referred reporters to the mayor’s
Nov. 29 memo to council that accompanied his veto. In it, the mayor said
council’s action singles out one type of
retail format for regulation in a manner inconsistent with land development
codes, and creates redundancies with
review mechanisms already in place.
Sanders said the measure “sends the
message that San Diego is not business
friendly at a time when job creation is
critical,” and it puts the city at a competitive disadvantage in the pursuit of
sales tax revenue.
The world’s largest retailer waged a
multimedia campaign against the San
Diego measure over the past few weeks,
taking out ads in newspapers and on local
TV stations, saying lawmakers were being
unduly influenced by grocery unions looking to keep out nonunion stores.
On its Web site created specifically to
address the San Diego situation, WalMart responded to the veto override by
saying that City Council “voted against
every San Diego resident who needs a
job, wants more affordable grocery options or just simply believes that customers should choose for themselves where
they shop.”
•••
REIT Goes Shopping for Convenience
Stores: Escondido-based Realty Income
Corp., which invests in retail and other
commercial properties, has completed an
acquisition of 135 SuperAmerica convenience stores and one support facility for
approximately $248 million.
The company announced Dec. 1 that
the properties, located in Minnesota
and Wisconsin, were sold by Marathon
Oil. They will be leased back to newly
formed companies owned and operated
by Northern Tier Energy LLC, a portfolio company of Acon Investments LLC
and TPG Capital.
Realty Income’s Chief Executive Officer Thomas A. Lewis said the SuperAmerica stores and other properties to be
acquired during the fourth quarter will
bring the real estate investment trust’s
2010 acquisition activity to more than
$700 million.
The company also recently completed
a public offering of just over 7.3 million
shares of common stock, including overallotted shares purchased by underwriters, which generated net proceeds of
approximately $236 million.
•••
Investment Firm Adds to European
Holdings: A locally based property
investment firm continues to build its
overseas holdings.
Westcore Europe, an affiliate of
San Diego-based Westcore Properties,
has acquired Satigny Business Park, a
two-story industrial building in Geneva,
Switzerland. The price was just over $29.2
million, the company announced Dec. 2.
Westcore will lease back a portion
of the 156,000-square-foot property to
the seller, Charmilles Technologies, a
prominent Swiss maker of industrial
equipment. Westcore founder and chairman Marc Brutten said interest rates in
Switzerland are at historic lows, making
this an opportune time for the firm to
add high-caliber properties to its European portfolio.
•••
Investors Team Up to Buy Homes: Two
local investment firms, both of which
separately have already made several local
buys in distressed residential real estate
over the past two years, are now teaming
up to spend some more money.
San Diego-based Pathfinder Partners
LLC and Raintree Residential LLC
announced Dec. 3 that they will commit
$5 million to acquire local homes from
bank distressed-loan departments and
through short sales. The partnership will
lease the properties, and also upgrade
them to add value and potentially help
stabilize markets.
The new venture — Pathfinder Raintree Residential LLC — is aiming to
purchase and renovate 50 single-family
homes in Escondido, Chula Vista and
other areas hit hard by foreclosures.
The firms on their own have been
buying, renovating and selling distressed single-family homes and apartment buildings since the housing downturn began to take its toll on borrowers.
Pathfinder since 2006 has acquired
more than $250 million in defaulted
real estate loans and properties across
six states.
Send commercial real estate and development news of general local interest to
Lou Hirsh via e-mail at lhirsh@sdbj.com.
He can be reached at 858-277-8904.
Research:
grant you can run a 24/7 help desk.” Ideker
expects the funding to continue beyond the
five-year mark.
In addition to the federal grant, several
large drug and life sciences companies have
also provided financial support in the past
to NRNB, said Ideker, referring to grants
from Pfizer Inc., Unilever and Agilent.
systems function or fail.
All of this could lead to new and improved treatments and therapies, such as
identifying disease biomarkers and molecular targets for drugs, defining genetic risk
factors and figuring how out individual or
group lifestyles affect the development of
disease, said Pico.
“We are unique in having a balanced
mix of software developers and bench
biologists who know how to communicate
with each other and with the greater community,” said Pico.
Ideker hopes drug companies will eventually profit from the research. “Big pharma
is keenly interested in (the role of) protein
networks as tool for drug development,”
he said.
¨from page 9
Convergence of Disciplines
Named one of the nation’s top innovators under 35 by MIT’s Technology Review
magazine a few years back, Ideker said
NRNB’s work is at the intersection of
biology and computer science.
“Given the harsh economic times, we
are thrilled with the funding,” said Ideker,
adding that the center was the only one of
its kind created this year in the U.S. With
the grant comes the hiring of six to 10
new staff members to work on creating an
online, open-source software called Cytoscope, which describes complex molecular
interactions.
While NRNB is based in San Diego,
“we are a federated resource,” said Ideker, referring to software engineering
underway in San Francisco, New York,
Toronto and France where researchers
are working in the same fields and sharing
their findings.
“What this award lets us do locally is
consolidate a lot of effort under one funding mechanism,” said Ideker. “These NIHsupported centers are nice because unlike
an individual research grant, with a center
A Deep Dive
The center’s research is delving into
some deep waters.
“Ten years ago, the Human Genome
Project was a huge achievement,” said
Ideker. “It listed for the first time all of the
25,000 or so genes in a human being.
“But it didn’t — and still doesn’t — really
tell us how those genes work together.”
That’s where Cytoscope comes in.
The gathering of basic data has generally outpaced efforts to practically apply
it, said Alexander Pico, NRNB’s executive
director.
“The field of network biology is at a very
interesting stage,” said Pico. “We are sitting
on loads of measurement data, with new
technologies continuously expanding.”
The new center will provide qualified researchers with better tools for conducting
advanced studies of biological systems that
result in detailed models of how human
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returns/exchanges. Offers & coverage, varying by svc, not available everywhere. Network details & coverage maps at vzw.com. Rebate debit card takes up to 6 weeks & expires in 12 months. Shipping charges may apply. Limited-time offers. Actual throughput speed varies. LTE is a
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D0492
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DIGITAL EDITION USER GUIDE
Events
&
CONTINUING EDUCATION
FAMILY BUSINESS FORUM
Congratulations to the 2010 Family-Owned
& Closely-Held Business Award Honorees and Finalists
Honorees
Small
1-10 Employees
Callan Capital
K-Co Construction,
Inc.
Real Deal Furniture
& Mattress
Special Awards
Medium
Small
Large
11-25 Employees
Fashion Furniture
Ace Parking
Dewhurst &
Rental, Inc.
Management, Inc.
Associates
Ideal Plumbing,
Bill Howe Family of
Innovative Employee
Heating, Air &
Companies
Solutions
Electrical
McMahon Steel
MLB Industries Inc.
Red Door Interactive
Company Inc.
dba Happy
Heinys
& Baby Frenzy
Finalists
Able Patrol and Guard
Ace Relocation Systems, Inc.
AeroAuto
Appeal Media Interactive Studios
Arenson Office Furniture
Aurora Borealis, Inc. dba AB Advertising
Balloonatics
Barons Marketplace
Bob Hoffman Video & Photography
Cart Mart, Inc.
Courtesy Plumbing Inc.
Crystal Pyramid Productions
DION INTERNATIONAL TRUCKS
Gaglione Bros Famous Steaks & Subs
GTC Systems Inc.
Hoffman Hanono Insurance Services
Interpreters Unlimited Inc.
Island Staffing
Kahala Travel
Laptops Plus
McMillin Ventures Inc.
Nasland Engineering
Optimal Nutrition Inc.
Pacific Highlands Tippy Toe Child Day Care
Piedmonte Insurance & Financial Services
PRAVA Construction Services, Inc.
San Diego University for Integrative Studies
Scholefield Construction Attorneys
Shier Aviation Corporation, dba Corporate
Helicopters
Studio 2055
Sullivan Solar Power
Sustainable Industries
Sunshine Care Homes
Technology Integration Group
The Seany Foundation
Tower Glass, Inc.
TTS Logistics, Inc.
United States Karate Academy
Vista Industrial Products Inc.
Warren-Walker School
Wirtz Quality Installations, Inc.
WSP Corporate Benefits & Insurance
Look for the 2010 Family-Owned & Closely-Held
Business Awards Supplement in next week’s San Diego Business Journal
%JBNPOE4QPOTPST
ESET Technology
Innovation Award
Total Tech
Ken Hamilton
President/CEO
MassMutual
Generation’s Cup Award
Jerome’s Furniture
Jerry Navarra
Chairman
Torrey Pines Bank
Founders Award
Rowan Electric
Paul Rowan
Mark Rowan
President
Vice President
Xerox
Entrepreneurial Award
The Brigantine
Family of Restaurants
Mike & Barbara Morton
$P4QPOTPS
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A SAN DIEGO BUSINESS JOURNAL SPECIAL REPORT
SAN DIEGO’S WEALTHIEST
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Economic Turmoil Takes Its Toll on San Diego’s Wealthiest
FINANCE: Vast Fortunes
Have Been Won and Lost
During Great Recession
®Ê#Z.*,&"--&/
Just as the Great Recession took its toll
on the ranks of the middle class and poor,
it’s also caused considerable pain among
the ultra-rich.
In comparing this year’s list of San Diego’s Wealthiest residents to the Wealthiest
list in 2007, only 12, or about half, of the 25
on the list three years ago survive. Matters
have become so tough this year that a few
of the wealthiest from three years ago are
missing from the list altogether.
Where have you gone, David C. Copley,
the former billionaire publisher of The San
Diego Union-Tribune?
Another sign that the landscape for
everyone has changed: The 2010 list goes
only 20 deep, and the cutoff for qualifying
for this year has shrunk to $60 million.
Three years ago, the wealthy needed a
minimum estimated net worth of $100 million to qualify for placement on the list.
INSIDE
16-27
For those with sufficient assets that
made the cut once again, only four arrive
with an estimated net worth above what
they had three years earlier, while one
— Conrad Prebys — maintained the same
size net worth of $350 million (how did he
do that?). The remaining eight survivors’
values all took haircuts ranging from a
high of 88 percent by Ernest S. Rady to 3
percent by John J. Moores (a pending divorce will certainly affect that number).
The operative word here is estimated,
since only these folks’ personal accountants really know what their true net
worth is.
Compiling the Data
What the San Diego Business Journal
uses to determine wealth and rank is The
Rich Register, an independent research
firm that annually compiles data on the
nation’s wealthiest folks.
In San Diego, the aggregate net worth of
the 20 individuals that qualified this year
was $7.3 billion. And while that sounds
mighty impressive, it’s down from $12.5
billion, or 42 percent below the aggregate
net worth these same individuals held in
Wealthiest San Diegans
Profiles by Marty Graham
and Tom York
26
In 2007, Rady’s net worth
was estimated to be $2.2
billion, but during the past
several years that’s shrunk
to $260 million.
He sustained a severe hit
after selling his financial
holding company called
Westcorp to Wachovia
Corp. in 2006.
Initially profitable, that
transaction turned sour
when Wachovia’s fortunes
sunk as the 2008 financial
crisis unfurled.
2007, according to the Business Journal’s
research department.
The biggest loser in the group was Rady,
whose name adorns Rady Children’s Hos-
Professional
Profile:
Keith McKenzie
THE LISTS
pital-San Diego and the UC San Diego
Rady School of Management, among
other recipients of his philanthropy.
In 2007, Rady’s net worth was estimated
to be $2.2 billion, but during the past several years that’s shrunk to $260 million.
He sustained a severe hit after selling his
financial holding company called Westcorp to Wachovia Corp. in 2006. Initially
profitable, that transaction turned sour
when Wachovia’s fortunes sunk as the
2008 financial crisis unfurled. When Wells
Fargo acquired Wachovia — beating out
Citibank in a controversial deal — it was
at a deep discount.
Pummeled By Downturn
Copley was another wealthy club member who took a serious hit from the economic downturn. In March 2009, the publisher of the Copley Press sold off its flagship daily, the Union-Tribune, to Beverly
Hills-based private equity firm Platinum
Equity LLC in what was clearly a distress
sale whose price wasn’t disclosed.
The situation became so tough for Copley, who turns 59 years old next month, he
¨Economic page 28
18
San Diego’s
Wealthiest
2007/2010
21
San Diego’s
Wealthiest
2010
www.sdbj.com
Page 16
1
SAN DIEGO BUSINESS JOURNAL - Special Report
2
Irwin M. Jacobs
Co-founder of Qualcomm Inc.
Estimated net worth:
$1.5 billion
T
hough his net worth has been
reduced by 12 percent from
2007, the 77-year-old cofounder of Qualcomm Inc.
remains at the top of the San
Diego Business Journal’s 2010 Wealthiest
list, and is at No. 828 on Forbes’ worldwide
list of billionaires, with its estimate of his
net wealth placed at $1.5 billion.
This year, Irwin M. Jacobs and wife,
Joan, joined Bill and Melinda Gates and
Warren Buffett in a pledge to donate half
of their wealth to philanthropic causes, a
promise that the Jacobses have a solid head
start on meeting.
The Massachusetts native billionaire
and his wife have pledged $20 million to
the construction and operation of a new
central library in San Diego, gave $120
million to the San Diego Symphony, and
have funded countless buildings, professorships and scholarships at their alma
maters, Cornell University, Massachusetts
Institute of Technology, and at UC San
Diego. At the end of November, the Salk
Institute for Biological Studies announced
a $6 million gift from the Jacobses. That’s
just a slice of the unprecedented charity
that the Jacobses demonstrate each year.
Jacobs amassed his fortune in cellular
phone technology over a 48-year career as
a pioneer in the field, first with Linkabit
Corp. in 1968, which developed satellite
encryption technologies, and then cofounding Qualcomm in 1985 with Andrew
J. Viterbi, who ranks No. 6 on this year’s
Wealthiest list. Jacobs pioneered Code
Irwin M. Jacobs
Division Multiple Access, or CDMA,
technology, a more efficient use of communications bandwidth.
Linkabit, and later Qualcomm, not only
laid the groundwork for the entire cellular
industry, but became the fountainhead
from which San Diego’s wireless technology cluster sprang forth.
Jacobs earned his bachelor’s degree
in electrical engineering from Cornell
University in 1956 and advanced degrees
in electrical engineering and computer
science from MIT in 1957 and 1959. He
came to UCSD in 1966 to teach after a
seven-year stint at MIT, and remained at
UCSD until 1972.
In 2005, Jacobs handed the chief executive officer position at the company to
son, Paul E. Jacobs, who ranks No. 20 on
this year’s San Diego’s Wealthiest list, but
remained chairman of the company until
last year, when he officially retired.
Since retirement, Jacobs has continued
to be very active, funding technology innovation and arts programs alike.
W H E R E S O P H I S T I C AT I O N
MEETS THE CIT Y
Digital Edition User Guide
Charles H.
Brandes
Founder of Brandes
Investment Partners
Estimated net worth: $1 billion
This longtime advocate of what he terms
“value investing” may
find that his wealth
has gone down by 62
percent since 2007
— from a whopping
$2.6 billion down to $1
Charles H.
billion, as reported on
Brandes
the 2010 Wealthiest San
Diegans list — but the 67-year-old founder
of Brandes Investment Partners remains
just above the billion-dollar mark.
Charles H. Brandes founded the company in 1974, after learning the Benjamin
Graham approach to valuing investments
from Graham while Brandes was training to be a stockbroker. Brandes not only
mastered but continued to study how to
determine the value and predict the future
value of companies’ stock, including commissioning studies to look at notions that
were largely supported by intuition, including the so-called “falling knives theory.”
That doesn’t necessarily mean counterintuitive investing — Brandes’ portfolios
hold significant numbers of shares in 22
of the Forbes 2010’s 50 most profitable
companies in the world, including Bank
of America and Wells Fargo, Microsoft
and BP, and Chevron Corp.
Born and raised in Pittsburgh, Brandes
earned a bachelor’s degree in economics from Bucknell University in central
Pennsylvania. He earned a master’s degree
in business administration at San Diego
State University.
December 13, 2010
Brandes Investment Partners employs
about 500 people at its Carmel Valley
offices.
He remains active in the business, where
he serves on the investment oversight committee and the five-man executive committee. He is also a voting member of the midcap investment committee and continues to
work with a select group of clients.
He married his wife, Tanya, a former
model and medical doctor, in April 2006 at
his Rancho Santa Fe home, and has become
a noteworthy host of parties — including
a Halloween party that included a milliondollar performance by Christina Aguilera
— and parties that benefit nonprofits.
Besides his efforts for The Tanya and
Charles Brandes Foundation, Brandes
serves on the boards of the Salk Institute
for Biological Studies and the Scripps
Whittier Institute for Diabetes.
3
John J. Moores
Investor and part owner of San
Diego Padres
Estimated net worth: $825 million
Though the contentious divorce, and
division of assets, for
the third wealthiest
San Diegan John J.
Moores is not yet
complete, Moores
will probably remain
John J. Moores
high on the list of
wealthiest people in
San Diego.
Between his share of JMI Realty
holdings, his investments in the estimated $2 billion holdings of JMI Equity
Funds, and the not-yet-completed sale of
Profiles page 17
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Profiles:
¨from page 16
The San Diego Padres, Moores’ wealth
hovers around $825 million, as noted on
the 2010 Wealthiest San Diegans list. That
reflects a 3 percent decline since 2007, when
he ranked No. 8 on the Wealthiest list with
an estimated net worth of $850 million.
Moores, 66, made his fortune early, in
computers. He is a self-taught programmer
and used his skills to put himself through
school at the University of Houston, where
he earned a bachelor’s degree and a law
degree. He co-founded BMC Software
Inc. in Houston with Scott Boulette and
Dan Cloer in 1980, as a company that
produced business management software
for mainframe computers — the dominant
type of computer at the time.
In 1989, Moores joined the board of
directors of the Irvine-based Peregrine
Systems Inc., which later went through a
scandalous collapse. Meanwhile, Moores
and the charismatic Larry Lucchino had
landed in San Diego with the 1994 purchase of the Padres — Moores owned
80 percent to Lucchino’s 20 percent. The
pair began a successful campaign to get a
new ballpark built for the Padres that left
JMI Realty holding title to underutilized
land in the East Village surrounding the
new ballpark.
In the heyday of the campaign, and even
since then, John and Rebecca Moores have
become a formidable force in San Diego
philanthropy, giving more than $22 million
to The Scripps Research Institute, where
Moores served as the organization’s lead
trustee. A $20 million gift from Moores
and his wife was earmarked for the Rebecca and John Moores Cancer Center at
UCSD, which opened in 2005.
4"/%*&(0#64*/&44+063/"-4QFDJBM3FQPSU
With the collapse of the real estatebased economy and his own marriage,
Moores may see a significant decline in
his net worth as the divorce heads to trial
in this community property state in 2011.
4
THEODORE W.
WAITT
Founder of Gateway; Chairman of
Avalon Capital Group Inc.
Estimated net worth: $730 million
From an Iowa farm
boy to Hollywood
movie producer, Theodore W. Waitt has
made the most of
his 47 years. His estimated net worth has
dropped 57 percent
from 2007. Waitt, now 5IFPEPSF88BJUU
the chairman of Avalon
Capital Group Inc. in La Jolla, continues
to be one of the city’s richest men.
This year, Waitt is estimated to be worth
about $730 million, which ranks him No.
4 on the Business Journal’s Wealthiest list,
the same placement as in 2007 when his
wealth was estimated at $1.7 billion.
Waitt, 47, made his first fortune with
Gateway, which he founded in 1986 with
Mike Hammond with a $10,000 loan from
his grandmother. The pair got the idea
for assembling their own line of personal
computers during a two-year stint with an
Iowa computer retailer. Gateway, which
launched in South Dakota, pioneered the
direct marketing of personal computers,
an idea so successful that Waitt and Hammond took the company public in 1993.
Waitt served as the chief executive officer until 2005, when Gateway and eMachines merged and the CEO of eMachines
took over the reins.
Waitt moved to La Jolla in 1998, where
he used his wealth to create the philanthropic Waitt Foundation. The foundation’s initial investments were aimed at
preventing family violence and supporting
families at risk, both in the Midwest and
in California. Its efforts have expanded
to supporting ocean conservation and
studies, exploration and discovery, and
scientific innovation.
In 2009, Waitt produced a film about
Amelia Earhart starring Hillary Swank,
based on the story of aviation’s first prominent woman aviator who disappeared mysteriously. His foundation searched 2,000
square miles of ocean floor near Howland
Island in the South Pacific, where Earhart
and her navigator vanished in 1937 as they
attempted to circumnavigate the globe.
5
ARTHUR E.
NICHOLAS
Co-founder of Nicholas-Applegate
Capital Management; founder of
Nicholas Investment Partners
Estimated net worth: $640 million
Arthur E. Nicholas, 64, is ranked No. 5
on this year’s San Diego Business Journal’s
Wealthiest list, with an estimated worth of
$640 million, a 7 percent increase over his
2007 net worth of $600 million.
A fan of the Dallas Cowboys during his
downtime, Nicholas made his fortune as a
money manager, making smart and prudent
investments as CEO of Nicholas-Applegate
Capital Management, which he co-founded
in 1984. The company was purchased by
Allianz Global Investors in 2000, when the
funds had $45 billion in investments and
more than $50 billion in total assets.
He successfully extended his philosophy
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to the high-yield, convertible and foreign
markets. Among his contributions to investment disciplines, Nicholas systematized
the process of using dynamic quantitative
models to deliver value-added performance,
according to the company Web site.
After the sale, Nicholas remained on for
a brief time, then founded the Nicholas
Investment Partners in Del Mar with his
wife, Catherine. The small firm’s holdings
are estimated at $399 million.
The couple has financial ties to the Wagonhound Land & Livestock Co. LLC, a
150,000-acre ranch in Douglas, Wyo., that
breeds horses and raises cattle. He listed the
ranch as his employer when he contributed
$1,000 to the American Quarter Horse Political Action Committee in 2004.
Nicholas currently serves on the board
of the National Cowboy & Western
Heritage Museum and has donated to the
Traditional Cowboy Arts Association.
He is also one of 17 partners in New
England Sports Ventures, which purchased the Liverpool Football Club in
October and owns the Boston Red Sox.
6
ANDREW J. VITERBI
Co-founder of Qualcomm Inc.
and Linkabit
Estimated net worth: $420 million
Now 75 years old,
Linkabit and Qualcomm co-founder
Andrew J. Viterbi’s
net worth this year
comes in at $420 million, just 7 percent
below his 2007 net
worth of $450 mil-
"OESFX+7JUFSCJ
¨Profiles page 20
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DIGITAL EDITION USER GUIDE
SAN DIEGO’S WEALTHIEST 2007/2010
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BARRY ESTATES, INC.
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4"/%*&(0#64*/&44+063/"-4QFDJBM3FQPSU
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Profiles:
¨from page 17
lion, when he was ranked No. 14 on the
Wealthiest list.
This past year, the Institute of Electrical
and Electronics Engineers awarded Viterbi
its Medal of Honor for what the institute
termed his “seminal contribution to communications technology and theory.”
That breakthrough, known as the Viterbi
Algorithm, helped separate voice and data
from background noise, a fundamental
problem that had flummoxed communications developers. He developed the algorithm in 1967, while teaching at UCLA.
Born in Italy, to Jewish parents, his family fled the pending Holocaust, arriving in
the U.S. in 1939.
A graduate of the Boston Latin School,
Viterbi earned both a bachelor’s and
master’s degree in electrical engineering at
the Massachusetts Institute of Technology.
He taught electrical engineering at UCLA
and UCSD, and worked in the private
sector until 1980, when he joined Jacobs
at Linkabit.
Viterbi co-founded Qualcomm in 1992
with Irwin M. Jacobs, and remained with
the company until he retired in 2000. He
now runs the Viterbi Group LLC, an angel investor and advisory group; and the
Viterbi Family Foundation.
Viterbi has been very active in philanthropic giving, funding a computer center
at the Boston Latin School, providing
cash and his archives to the University of
Southern California which named its engineering school after him, and supporting
many Jewish organizations and programs,
including $2 million to the University of
Southern California Shoah Foundation
Institute, which protects and shares the
story of the holocaust.
Viterbi is a member of the National
Academy of Sciences, the National Academy of Engineering, and he is a former
member of the President’s Information
Technology Advisory Committee. He
serves on the board of trustees of USC
and is a past chairman of the Jewish Community Foundation.
7
WALTER J. ZABLE
CEO of Cubic Corp.
Estimated net worth: $420 million
Walter J. Zable’s net
worth of $420 million
places him seventh on
the Business Journal’s
2010 Wealthiest list,
down from $475 million in 2007 when he
was ranked No. 13.,
8BMUFS+;BCMF
reflecting a 12 percent
decline. Fortunately, he
has a job.
At 95, Zable continues to actively head
Cubic Corp., which he founded in 1951.
The electronics firm grew into a publicly
traded dynamo that specializes in two areas: transportation management systems
and defense contracting.
In May, Cubic won a $370 million
contract to develop the electronic ticketing system for Sydney, Australia’s public
transportation system, based in part on
the company’s system for the Oyster in
London.
Originally from Boston, Zable holds a
master’s degree in physics and mathematics, as well as an honorary doctorate of law
from his alma mater, The College of William & Mary in Williamsburg, Va. Zable’s
skills as a football player in the early days
DIGITAL EDITION USER GUIDE
of the sport won him a full scholarship
Prior to forming Cubic, he served as a
project supervisor in charge of electronics
for the Atlas and Terrier missiles, microwave, and antenna development sections
at General Dynamics Convair, according
to the Cubic Web site.
Zable has been quietly philanthropic,
providing college scholarships for more
than 700 high school athletes who have
shown vigor and integrity on and off the
field, including a rumored scholarship
given to a young Junior Seau.
8
CONRAD T. PREBYS
Chief executive of Progress
Construction and Management Co.
Estimated net worth: $350 million
Conrad T. Prebys,
72, is up to No. 8 on
the Wealthiest list this
year after placing 17th
in 2007 with a fortune
estimated at $350 million both years.
He remains among
$POSBE51SFCZT
the city’s largest property taxpayers, reportedly paying more than $3 million in taxes
in 2005 on the many properties he owns.
Prebys made his fortune in real estate;
buying property and developing it — and
keeping some of it as assets in the Progress
Construction and Management Co. based
in San Diego. His first projects were in El
Cajon, starting with apartment buildings,
but he now owns and manages a network of apartment buildings and homes
throughout the county.
Prebys began giving his money to
worthwhile arts, medical research and
educational groups in the past decade.
He has given more than $10 million to
%FDFNCFS
The Old Globe theater, which named
its new theater center after him. This
past February, Scripps Mercy Hospital
broke ground on the Conrad Prebys
Emergency and Trauma Center, which
was launched with a $10 million donation
from Prebys.
And UCSD’s Conrad Prebys Concert
Hall, completed in the last year, won the
Grand Orchid, the San Diego Architectural Foundation’s top award for architecture
and design, in November.
9
MARTIN J. WYGOD
Investor; WebMD LLC and
Medco Containment Services Inc.
entrepreneur
Estimated net worth: $310 million
With his personal
fortune estimated at
$310 million, 70-yearold Martin J. Wygod
ranks No. 9 this year,
down from last year’s
No. 7 position on
the Wealthiest San
.BSUJO+8ZHPE
Diegans list. His net
worth has declined 23
percent since 2007, when his net worth was
estimated at $400 million.
In November, he sold more than 300,000
shares of WebMD LLC, leaving him with
about 1.6 million shares under his direct or
indirect control, according to the U.S. Securities and Exchange Commission filings.
Wygod arrived at WebMd in 2000 to
take on the turnaround and growth of one
of the few survivors of the dot-com era. He
drove the company to record profits and
stability and continues to serve as chairman of the board.
He is also the only person on this list
¨Profiles page 22
%FDFNCFS
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¨from page 20
who ever paid $9 million for a horse.
A passionate thoroughbred breeder
and racer, Wygod and his wife, Pam, have
a 240-acre ranch near Buellton that is
one of the premier racehorse breeding
operations.
Wygod’s reputation as a thoroughbred
breeder and rancher is equal to his reputation as an entrepreneur, and his history
with horses began when he was 15 while
walking horses for two well-respected New
York trainers.
Born in New York and a graduate of New
York University, Wygod began his career
with the late Fletcher Jones’ Computer
Sciences Corp., where he learned to develop
small companies into larger ones and where
he received his first two thoroughbred racehorses as a gift from Jones.
Wygod left computers for the home
medical services industry, and over a decade built Medco Containment Services
Inc. into the nation’s largest mail-order
prescription drug company.
New Jersey-based Merck & Co. Inc. acquired Medco in 1993 for $6.5 billion, and
Wygod stayed on the board of directors
for a year, resigning in 1994. He reportedly
took $250 million from the buyout home
with him.
He came to California in 1996, and is
very active in the Del Mar Thoroughbred
Club and has served on the boards of
both the Del Mar club and the national
Thoroughbred Owners and Breeders Association, an interest he has handed down to
the next generation of Wygods, including
daughter, Emma.
In June, Wygod announced his plans to
sell the River Edge Farm in Buellton to concentrate on the Wygods’ Kentucky ranch.
10
4"/%*&(0#64*/&44+063/"-4QFDJBM3FQPSU
www.sdbj.com
1BHF
ERNEST S. RADY
Founder of American Assets
Inc. and Western Thrift
and Loan
Estimated net worth:
$260 million
With a net worth of
approximately $260
million, 73-year-old
Ernest S. Rady moves
to the San Diego Business Journal Wealthiest list’s No. 10 position from last year’s
&SOFTU43BEZ
rank of ninth.
Rady’s estimated net
worth has dropped a dramatic 88 percent
from a high of $2.2 billion in 2007 — as
much from his own generosity as from
market conditions.
Named Financial Services Entrepreneur of the Year by the Ernst & Young
accounting and consulting firm in 2009,
Rady continues to run the San Diegobased Insurance Co. of the West as its
chairman.
Born in Winnipeg, Canada, and educated at the University of Manitoba, Rady
and his wife, Evelyn, moved to San Diego
in 1966.
He founded American Assets Inc.
financial services and real estate firm in
1966 and began making profitable real
estate investments. In 1972, he founded
the Insurance Co. of the West and Western
Thrift and Loan.
The majority of his wealth is held in
Westcorp, the holding company for Western Financial Bank and WFS Financial
Inc., one of the nation’s largest automobile
finance companies.
He’s also been active after work — Rady
is a former part-owner of professional
baseball’s The San Diego Padres. He is
a member of UCSD’s Chancellor’s Associates; serves as a trustee of the Salk
Institute for Biological Studies; and trustee
of the Scripps Foundation for Medicine
and Science.
He has served as chairman of the State
of Israel Bonds campaign; director of
Junior Achievement in Winnipeg; and
director of Children’s Aid Society in Winnipeg.
Rady has also been building a legacy
of philanthropy, notably more than
$60 million in funding Rady Children’s
Hospital-San Diego — a gift that Canadian family members challenged in
court in February.
He gave $30 million to UCSD in 2003
to help fund the Rady School of Management in the Business School.
Rady and his family have lived quietly
in La Jolla, hoping to enjoy the harvests
of a lifetime of hard work.
11
ROBERT E. PRICE
CEO, chairman of the board of
PriceSmart Inc.
Estimated net worth:
$120 million
When the economy was doing well four
years ago, 68-year-old Robert E. Price was
doing very well indeed.
Price, son of legendary Sol Price, who
came up with the idea of opening warehouse-sized retail stores that offer deeply
discounted prices to members who pay
an annual fee, was worth $200 million in
2007, and ranked No. 20 on the list of San
Diego’s Wealthiest.
This year, despite a steep downturn and
a 40 percent drop in his net worth since
2007, Price ranks No. 11 this year. His net
worth is estimated at $120 million by The
Rich Register and other sources.
Price is a storied name in the pantheon
of San Diego business circles.
Price and his father, who passed away
in December 2009, launched and rapidly
grew the successful Price Club chain of
warehouse club stores before merging
them with Costco Wholesale Corp. in
1994.
The father-son duo then launched the
PriceSmart Inc. chain of stores operating primarily in Central America and the
Caribbean. Robert Price served as chief
executive officer until July, when he relinquished the title.
Sol Price was savvy enough to retain certain rights to the concept after the merger,
and opened his first store in Panama in
1996. The company now operates 27 stores
compared to 26 a year ago.
Because of slower sales due to sluggish
economic conditions, Robert Price’s net
assets are now estimated at $120 million
compared with $200 million in 2007.
Robert Price’s overseas stores are
smaller than those in the U.S. and the
annual fees are less, ranging from $20 to
$30. The company also offers online sales
in a number of foreign countries where it
has stores.
Robert Price continues his charitable
interests, one of which involves the revitalization of the San Diego neighborhood of
City Heights, where his father lived before
making his fortune in retailing.
The family also started the Aaron Price
Fellows Program, a scholarship program
for high school seniors.
The younger Price attended Pomona
College.
12
DIGITAL EDITION USER GUIDE
JOSEPH “JOE”
E. KIANI
Chief executive, chairman of
Masimo Corp.
Estimated net worth:
$110 million
The 46-year-old
Iranian born Joseph
“Joe” E. Kiani is one
of the fortunate few.
The estimated net
worth of the founder
and top executive at
Irvine-based Masimo
+PTFQI&,JBOJ
Corp., a publicly traded medical technology
business launched 21 years ago, is $110
million this year compared to $100 million in 2007, which puts him at No. 12 on
San Diego’s Wealthiest list. He was not
included on the list in 2007.
Despite the year-to-year rise during the
past two years, his fortune still dropped
from $140 million in 2009 when he ranked
at No. 11 on the Wealthiest list.
He owns about 10 percent of the company he founded.
Kiani, a prolific inventor with more than
50 patents, graduated from San Diego State
University with undergraduate and graduate degrees in electrical engineering.
He is the inventor behind the pulse oximeter, which is used to measure a patient’s
heart rate as well as the oxygen levels using
a small clamp on the index finger.
According to various published sources,
Kiani and Masimo have received more
than 50 awards and industry honors.
13
GENEVIEVE
“JENNY” CRAIG
Co-founder of
Jenny Craig Inc.
Estimated net worth:
$90 million
Genevieve “Jenny” Craig is the only
woman to be included
on the San Diego
Business Journal’s
Wealthiest list this
year.
With a net worth
(FOFWJFWF$SBJH
currently estimated
at $90 million, weightloss guru Craig ranks No. 13, compared
with a net worth of $150 million in 2007
when she ranked No. 22, reflecting a 40
percent loss.
The figure dropped to $90 million in
2008, where it has held steady for the past
three years despite the ups and (mostly)
downs of the economy.
With her now-deceased husband, Sidney, the 78-year-old Craig co-founded
the Jenny Craig Inc. chain of stores in
Australia in the mid-1980s, catering to the
millions who want to lose weight.
The two had earlier met while working in a small chain of weight-loss salons
owned by Sidney, and married in 1979. The
two then moved to Australia.
The company provided professional
weight-loss advice along with a wide selection of meals in the 1980s and early 1990s,
before selling its 655-store network to
Swiss food giant Nestle for $600 million.
Genevieve Craig lives in Rancho
Santa Fe, where she raises and trains
racehorses.
She is involved in a number of charitable
causes in the region, including San Diego
Hospice and The Institute for Palliative
Medicine, United Way, Susan G. Komen
for the Cure, and Peace At Home’s domes-
%FDFNCFS
tic violence prevention program.
In 1992, the Craigs give $10 million to
California State University, Fresno’s business school, which is now called the Craig
School of Business.
In 1996, the Craigs gave $10 million to
the University of San Diego, which funded
construction of the Jenny Craig Pavilion.
14
MASOOD K.
TAYEBI
Chairman of BioDuro LLC;
founder of BioAtla LLC;
partner of BridgeWest LLC
Estimated net worth:
$90 million
Fortune has smiled
upon 49-year-old Iranian native Masood
K. Tayebi. Tayebi
ranks No. 14 on the
list with a net worth
estimated at $90 million, a third more
than his net worth .BTPPE,5BZFCJ
in 2007 of $60 million
when he was not included on the Wealthiest list.
Tayebi was chairman of BioDuro LLC,
which negotiates and places research contracts outside the U.S. He sold the company in 2009 to Pharmaceutical Product
Development Inc., and has since launched
a new venture, BioAtla LLC. He remains a
senior adviser with the previous business.
Tayebi started out in the telecom field
where he made his fortune before striking
into biotechnology in the mid-2000s.
In the late 1970s, he and his brother,
Massih Tayebi, founded Wireless Facilities
Inc., now defense contracting firm Kratos
Defense & Security Solutions Inc.
The brothers also launched BridgeWest
LLC, a venture capital firm that invests in
emerging companies in the communications
and technology sectors. Masood Tayebi is
also involved in real estate investing.
He was educated in England, attending
the University of Southampton, where he
earned a degree in electrical engineering,
and the University of Liverpool, where
he earned his Ph.D. in mobile radio
propagation.
He has been an entrepreneur since his
student days in England when he repaired
televisions for extra cash, and took on
computer software projects, hiring his
classmates to do the work
15
DANIEL J.
EPSTEIN
Founder, chairman
of the board of
The ConAm Group of Cos.
Estimated net worth:
$80 million
Steady wins the
race, and a place on
the 2010 listing of San
Diego’s Wealthiest.
The founder of real
estate investment and
management firm The
ConAm Group of
%BOJFM+&QTUFJO
Cos., Daniel J. Epstein, ranks No. 15 on
the Wealthiest list this year with an estimated net worth of $80 million, a number
that has held relatively steady for the past
three years, but up 7 percent from 2007
when he was not included on the list.
As chairman of ConAm, Epstein’s responsible for more than 50,000 apartment
¨Profiles page 26
%FDFNCFS
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&
Present the
2011 economic trends
Event
Thursday, January 6, 2011 • 7:30 - 10:00 am
Confirmed Panel of Experts
MODERATOR
Darin Andersen
Paradise Point Resort & Spa
1404 Vacation Rd.
San Diego, CA 92109
– ESET
Dana Johnson
Breakfast will be served
Guest Speaker
5IF)POPSBCMF.BZPS
+FSSZ4BOEFST
Senior Vice President /Chief Economist
– Comerica Bank
Susan Afan
+PJOUIF4BO%JFHP#VTJOFTT
+PVSOBMBOEBQBOFMPGSFHJPOBM
FYQFSUTGPSBMPPLBUXIBUTJO
TUPSFGPS4BO%JFHPJO
District President
– Robert Half International
Trindl Reeves
Principal
– Barney & Barney
5IJTTQFDJBMFWFOUXJMMGPDVTPOUIF
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Cindy Bertrand
%POUNJTTUIJTMBOENBSLFWFOUBOE
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POUIFFDPOPNJDPVUMPPLGPS
Assurance Partner
– BDO
Shelly McGuire
Tax Partner
– BDO
Co-sponsored by:
Mary Ann Barnes
Senior Vice President and
Executive Director
– Kaiser Permanente San Diego
Norm Miller
Vice President
– CoStar Group
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Table of 10 $400 • Individual Tickets $45 Ticket price includes 26-week subscription to the San Diego Business Journal.
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SAN DIEGO BUSINESS JOURNAL - Special Report
Digital Edition User Guide
December 13, 2010
December 13, 2010
Digital Edition User Guide
SAN DIEGO BUSINESS JOURNAL - Special Report
www.sdbj.com
A distinctive honor...
THE BETTER BUSINESS BUREAU’S TORCH AWARDS FOR MARKETPLACE ETHICS
BBB
TORCH
AWARDS for
MARKETPLACE
ETHICS
honors outstanding San Diego businesses and organizations that have demonstrated
a commitment to ethical business practices, both in operations and in terms of being
ethical, reliable and responsive to employees, vendors and customers.
We salute all of those who work to make business better for San Diego.
President & CEO, The Better Business Bureau
2010
…a commitment to ethics.
TORCH AWARD WINNERS
trust • performance • integrity
THE BETTER BUSINESS BUREAU’S TORCH
AWARDS FOR MARKETPLACE ETHICS,
now in its 13th year, is the way San Diego rewards
and celebrates ethical business practices in our
marketplace. The program is designed to promote
not only the importance of ethical business practices,
but also the willingness and efforts made by
outstanding businesses to uphold a marketplace
that remains fair and honorable.
Each honoree exemplifies that adhering to a fair and
honorable marketplace gives a company a competitive advantage. The winners and finalists are
noteworthy because they are making a conscious choice to conduct
their business in an ethical manner, thereby enhancing excellence
in our marketplace. Consumers want to do business with
companies they can trust. They want expert information from
independent, experienced sources. That’s why smart consumers –
in growing numbers – are turning to BBB Accredited Businesses
and Charities to provide sage advice and a fair and competent
marketplace transaction.
For more information, please visit www.bbb.org
or call your BBB at (858) 496-2131.
1-4 employees
100-249 employees
RSVP Publications of San Diego, winner
JW Floor Covering, Inc., winner
A-1 Hearing Aid Centers, finalist
Major League Heating & Air Conditioning Inc., finalist
Coles Fine Flooring, finalist
CarMax, Inc., finalist
5-10 employees
250-499 employees
K-CO Construction, Inc., winner
SkillStorm, winner
Murray Lampert Construction, finalist
Health Savings Associates Insurance Services, Inc., finalist
charity/non-profit
11-24 employees
DSD Business Systems, winner
Pure Financial Advisors, finalist
ReSource Floors, Inc., finalist
25-99 employees
Anderson Plumbing, Heating & Air, Inc., winner
Marrokal Design & Remodeling, finalist
ASI Hastings Heating and Air Conditioning, finalist
thanks to our sponsors
presenting sponsor
presenting scholarship sponsor
ethics scholarship sponsor
2010
gold sponsors
Pacific Safety Council, winner
National Multiple Sclerosis
Society-Pacific South Coast Chapter, finalist
Outreach for Humanity, finalist
Page 25
www.sdbj.com
1BHF
4"/%*&(0#64*/&44+063/"-4QFDJBM3FQPSU
PROFESSIONAL PROFILE
As a founding partner at Delphi
Private Advisors, Keith McKenzie
focuses exclusively on providing customized wealth management solutions for
wealthy families, including integrating
and optimizing all aspects of their financial affairs.
Delphi sells no products.
BUSINESS PHILOSOPHY
Essential business philosophy: Risk
and reward are related — no matter what
anyone tells you.
Best way to keep a competitive edge:
Earn a leadership position and provide
remarkable service.
Guiding principles: Clients come
first, transparency is critical, and a
fiduciary relationship with clients is
mandatory.
Yardsticks of success: Exceeding clients’ expectations and achieving clients’
objectives.
Goals yet to be achieved: As a firm,
the partners are committed to serving a
limited number of clients so being able
to say that I will accept no new clients
is a goal I’m looking forward to achieving.
JUDGMENT CALLS
Best business decision: Launching
Delphi Private Advisors
Worst business decision: Using proprietary products in portfolios.
Toughest business decision: Forming Delphi meant trading personal job
security and a lucrative salary for an
opportunity to serve clients in a model
Profiles:
¨from page 22
units across the country.
Before launching ConAm 35 years ago, Epstein served as an executive at American Housing Guild, a residential development firm.
Early in his career, Epstein worked for a
construction company at Cape Kennedy,
Fla., and also worked for the general contractor that built the Pauley Pavilion on
the UCLA campus. He also worked in the
construction business in the Philippines.
Later, Epstein joined an apartment
developer in Dallas, and thus began his
career in residential real estate.
Epstein serves as a trustee at the University of Southern California as well as
that school’s Lusk Center for Real Estate
Development. In addition, he serves as
chairman of the advisory committee of
USC’s engineering school.
Epstein has been involved in numerous
civic and charitable activities, which includes
serving on the boards of Scripps College, the
San Diego Symphony and the U.S. Olympic
Training Center in Chula Vista.
He is also a director of the Stevens
Cancer Center in San Diego.
Epstein graduated from USC with a
Bachelor of Science degree in engineering.
16
PETER C.
FARRELL
Founder, chairman of the
board of ResMed; executive
of Baxter International Inc.
Estimated net worth:
$80 million
The economy might be in a slump,
but not the assets of 69-year-old Peter
DIGITAL EDITION USER GUIDE
%FDFNCFS
Keith McKenzie
that is better for them. While it was
a tough decision, it created the best
working environment that I’ve experienced.
Biggest missed opportunity: 1990
— not going to work with a money manager that was a friend of the family.
Mentor: I’m looking to find a new
mentor to help me grow in my current
position.
Word that describes you: Reserved.
TRUE CONFESSIONS
What you like best about your job:
Being part of a team and playing a
significant role in the lives of the families
we serve.
What you like least about your job:
Being classified as a “financial adviser”
or “wealth manager” when these titles
are overused and have earned a negative
connotation.
Pet peeves: Feeling like I’m being
“sold.”
Most important lesson learned: Think
for yourself and stay on mission.
Person I would have liked to meet:
Winston Churchill on May 28, 1940.
He had just risen to the challenges at
hand, and during the past four days, he
had helped to set the course of history.
This was an amazing time in retrospect
and being able to have a conversation
with him at that time would be incredible.
Three greatest passions: Family, travel
and being on the water.
First choice for a new career: Explorer — the title would look great on a
business card.
C. Farrell, the founder of medical
device maker ResMed. His estimated
net worth has jumped 33 percent since
2007 to $80 million, up from $60 million in 2007.
The jump places
him at No. 16 on the
list of the Wealthiest
San Diegans.
He wasn’t included
on the list in 2007.
Farrell has been
involved at the execu1FUFS$'BSSFMM
tive level with ResMed
since he launched the
business in the summer of 1989.
He was an executive at global health
care products and service provider Baxter
International Inc. previously.
Farrell holds an undergraduate degree
in chemical engineering from The University of Sydney in Australia, a graduate
degree in chemical engineering from the
Massachusetts Institute of Technology,
and a Ph.D. in chemical engineering and
bioengineering from the University of
Washington in Seattle. He also attended
The University of New South Wales in
Australia.
Farrell serves as a director on the board
of San Diego-based NuVasive Inc. and
QRxPharma, a pharmaceutical firm in
Sydney, Australia.
According to Forbes.com, he is an active philanthropist, primarily through the
Farrell Family Foundation.
Farrell also serves on the board of
the Museum of Contemporary Art San
Diego.
In addition, he serves on the advisory
board at UCSD’s Rady School of Management, and the campus’ Jacobs School
of Engineering.
RESUME
Name: Keith McKenzie.
Company: Delphi Private
Advisors.
Title: Partner.
No. of people in the firm: Six.
Year founded: 2009.
Education: Bachelor of Science,
engineering physics, Miami University; Bachelor of Science, mechanical engineering, Case Western
Reserve University, 1990.
Birthplace: Columbus, Ohio.
Age: 43.
Current residence: Point Loma.
Family: Wife, Lesley, and two
children.
PREDILECTIONS
Favorite quote: “Should you find
yourself in a chronically leaking boat,
energy devoted to changing vessels is
likely to be more productive than energy
devoted to patching leaks” — Warren
Buffett.
Most influential book: From my
grandfather — 1930s edition of “How to
Win Friends and Influence People,” by
Dale Carnegie.
Favorite status symbol: A simple
watch — nothing flashy.
Favorite restaurant: San Diego Yacht
Club, but not because of the food.
Favorite place for business meetings:
The Delphi offices.
17
MICHAEL L.
ROBERTSON
Founder of MP3.com;
executive of SIPphone.com
Estimated net worth:
$80 million
The 44-year-old
Michael L. Robertson is among the new
breed of technology
entrepreneurs who
found his fame and
his fortune on the
Internet.
.JDIBFM-
But easy come, easy
3PCFSUTPO
go.
The founder of MP3.com, an early, but
controversial pioneer in the free distribution of popular songs online, Robertson
finds his pocketbook a bit lighter in 2010
compared with 2007.
His $80 million in net worth is down
54 percent compared with $175 million in
2007, when he ranked No. 21 on the list.
Robertson took a huge hit in 2008
compared with 2007 when his net worth
dropped to $100 million from $175 million.
He launched the MP3.com site in 1997,
just as the dot-com boom was shifting into
high gear, then sold the business in 2001 to
a recording company. He was the target of
a number of lawsuits accusing the startup
of illegal file-sharing of music. Robertson
remains a champion of free access to music, and has even gone so far as to predict
the demise of the wildly popular iTunes
approach to distributing music, which is
selling music for a modest price.
He launched Linspire, a Linux software
business, to compete against Microsoft in
Favorite vacation spot: Hope Bay,
Ontario, Canada.
Favorite way to spend time: On the
water with my family and friends doing
anything or nothing at all.
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desktop operating systems. It was later
sold to Xandros Inc.
A native of Orange County, Robertson
graduated from UCSD in 1990, and later
worked at the San Diego Supercomputer
Center where he developed his interest in
the Internet.
Since selling his interest in MP3.com,
he’s been involved in several businesses,
including SIPphone.com, which developed
Gizmo5 and was sold to Google in 2009
for $30 million.
The technology allows users to make
free phone calls from desktop computers.
In 2002, Robertson established the Robertson Education Empowerment Foundation, or REEF, to provide an alternative
source of student loans and funding for
current UCSD students.
According to his Web site, he remains
chief executive officer of REEF and a
board member of The Boys & Girls Clubs
of San Dieguito.
18
JAMES M.
SWEENEY
Chairman, chief executive
officer of PatientSafe
Solutions Inc.
Estimated net worth:
$80 million
James M. Sweeney, an entrepreneur’s
entrepreneur, ranks No. 18 on the San
Diego’s Wealthiest list this year with $80
million in net worth. That figure is down
20 percent from 2007 when his net worth
was estimated at $100 million.
Sweeney serves as the chairman and
CEO of PatientSafe Solutions Inc., a
¨Profiles page 27
%FDFNCFS
DIGITAL EDITION USER GUIDE
Profiles:
¨from page 26
patient and nurse-centered company that
provides patient safety to hospitals. The
company was formerly known as IntelliDOT.
Sweeney’s been involved in buying, selling or taking public more than 20 health
care product and service companies during
the past 40 years.
He is credited with launching the home
infusion therapy industry, now valued at
billions of dollars.
He’s raised more than $2 billion in
financing for his various companies, including $500 million in venture capital,
$700 million in debt financing, and $400
million in three initial public offerings. In
addition, he’s sold two of his companies
for more than $1 billion.
Sweeney’s known inside the health care
industry for bringing technology to the industry, and in the process, bringing health
care into the 21st century.
His current focus is using wireless
technology to do such things as monitor
patients while they’re at home, or to ensure
that hospital patients receive the correct
medications.
Previously, Sweeney was the founder
and served as the CEO of CardioNet,
which allows doctors to monitor patients’ hearts as they go about their
daily lives.
Sweeney left the company in 2008, but
continues to serve on the board. He is
also an entrepreneur-in-residence at the
William J. von Liebig Center for Entrepreneurism and Technology at UCSD.
He has undergraduate and graduate
degrees in business administration from
San Diego State University.
19
JOHN ROBERT
BEYSTER
Founder of SAIC
Estimated net worth:
$75 million
U.S. involvement
in Afghanistan and
Iraq has helped pump
up the fortunes of
John Robert Beyster,
who ranks No. 19 on
the 2010 list of San
Diego’s Wealthiest
+PIO3PCFSU
residents.
#FZTUFS
The 86-year-old veteran founded defense and government
contractor SAIC in 1969. Because of
his stock holdings in the business, which
went public in 2006, his net worth is currently estimated at $75 million compared
with $60 million in 2007, a 25 percent
increase.
Beyster started SAIC, growing his employee-owned business for 35 years before
retiring in 2004.
He remains a consultant to the company, and influential in local military and
government contracting circles through
The Beyster Institute.
Executives moved the company’s headquarters to the Washington, D.C., area two
years ago, but the bulk of the operations
remain in San Diego because of the presence of the Navy.
Born in Detroit in 1924, Beyster served
in the Navy, and while in the military
service attended the University of Michigan.
He later worked for Westinghouse Electric Corp. in the Atomic Power Division,
4"/%*&(0#64*/&44+063/"-4QFDJBM3FQPSU
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where he was involved in nuclear submarine research and development.
Later, he worked for the Los Alamos
National Laboratory in Los Alamos,
N.M., and General Atomics in the 1950s
and 1960s. He departed the latter business
after it was purchased by Gulf Oil L.P. in
the late 1960s.
Beyster is behind two groups that advocate employee ownership, The Beyster Institute and the Foundation for Enterprise
Development.
He also serves on the board of the UC
San Diego Foundation, currently as chairman emeritus of the board.
He’s an avid sailor, and owns a 55-foot
sailboat.
When he was chairman of SAIC, he
supported the America’s Cup races.
20
PAUL E. JACOBS
This Holiday Season,
GIVE BACK To San Diego’s
Military Men and Women Who Risk
Their Lives Every Day For Our Freedom
Chairman, CEO of
Qualcomm Inc.
Estimated net worth:
$70 million
Paul E. Jacobs
serves as board chairman and CEO for
mobile communications giant Qualcomm Inc.
His estimated fortune has fallen with
1BVM&+BDPCT
the decline in the
economy, according to
estimates found in The Rich Register.
Jacobs was ranked No. 18 on the list
of San Diego’s Wealthiest in 2007 with
an estimated net worth of $225 million
compared with $70 million in 2010, a 69
percent decline in four years.
The 47-year-old Jacobs is the son of
Irwin M. Jacobs, a co-founder of Qualcomm, who still serves on the board, and
who is ranked No. 1 on the list of San
Diego’s Wealthiest this year with an estimated net worth of $1.5 billion.
In 2009, Forbes magazine said the son’s
total compensation was close to $19 million, which included a $964,000 salary,
$3.6 million in non-equity incentives and
$13.7 million in stock options.
In addition to the younger Jacobs’ two
top roles at Qualcomm, he serves as director of A123 Systems Inc., which develops
and makes lithium-ion batteries, a key
component in all mobile and portable
telephone devices.
The younger Jacobs has a bachelor’s
degree in electrical engineering and computer science, a master’s degree in electrical
engineering as well as a Ph.D. in electrical
engineering and computer science from
UC Berkeley.
According to Qualcomm’s Web site,
Jacobs has been granted more than 35
patents for his inventions in the areas of
wireless technology and devices.
He joined Qualcomm in 1990 after finishing his education at Berkeley.
Jacobs is active in the greater San Diego
community, as well as organizations outside of Qualcomm.
For example, he serves on the boards of
the Museum of Contemporary Art San
Diego, and the Salk Institute for Biological Studies.
He also serves on the advisory board
of Berkeley’s College of Engineering
and UCSD’s Jacobs School of Engineering.
He’s a member of the Phi Beta Kappa,
Eta Kappa Nu, and Tau Beta Pi honor
societies and serves on the advisory
board of the Young Presidents’ Organization.
SAN DIEGO SYMPHONY
PRESENTS
“HOME FOR THE HOLIDAYS”
Presented by
a special HOLIDAY POPS performance
Thursday, December 16, 2010, 7 p.m.
Copley Symphony Hall
A festive holiday performance to benefit San Diego’s
military men, women and children and
Many of San Diego’s military families won’t be together this holiday season. For the third year,
San Diego Symphony will dedicate a special performance of their popular Holiday Pops Concert
to honor these men, women and children who, in many cases, have never experienced a live
musical performance. Thanks to YOU, their fellow San Diegans, they will have the
opportunity to delight in an uplifting evening of holiday music and cheer!
TYES, I want to support our enlisted military by providing them with
the gift of music this holiday Season!
A PORTION OF YOUR DONATION MAY BE TAX-DEDUCTIBLE
$50
2 Military tickets
Name/Company Listing in SD Symphony
Holiday Pops program
$100
4 Military tickets
Name/Company Logo in SD Symphony
Holiday Pops program
$250
10 Military Tickets
Same acknowledgement benefits as prior
$500
20 Military Tickets
Same acknowledgement benefits as prior
level PLUS
Name/Company Logo in on-site event
signage
Name/Company Logo in pre-concert/
intermission video roll
$2,500 100 Military Tickets
Same acknowledgement benefits as prior
level PLUS
Designated on-site booth space
Name/Company acknowledgement from
stage, pre-concert
8 VIP concert tickets
VIP Invitation for 8 to private, on-site
pre-concert reception
$5,000 200 Military Tickets
Same acknowledgement benefits as prior
level PLUS
Year-round name/logo recognition in
Symphony program
12 VIP concert tickets
VIP Invitation for 12 to private, on-site
pre-concert reception
$1,000 40 Military Tickets
Same acknowledgement benefits as prior
level PLUS
4 VIP concert tickets
VIP Invitation for 4 to private, on-site
pre-concert reception
TO MAKE YOUR DONATION:
Please contact Allison Hooper at ahooper@sandiegosymphony.org or 619-237-1960.
Payments and checks will be made out to The San Diego Symphony.
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Economic:
4"/%*&(0#64*/&44+063/"-4QFDJBM3FQPSU
In October, pop star Christina Aguilera
appeared at the party and sang for about
an hour, earning a cool $1 million.
¨from page 15
reportedly sold his Gulfstream private jet,
worth an estimated $20 million.
Charles Brandes, the founder of Brandes
Investment Partners in Carmel Valley, is
another billionaire feeling the pain of the
global deleveraging, but at least he’s still a
member in the billionaire’s club. Depending on the source, he’s either worth $1
billion, according to The Rich Register, or
$1.5 billion, according to Forbes, but any
way you slice it, he’s not as flush. Three
years ago Brandes’ net worth was reported
at $2.6 billion, earning him first place on
the 2007 Wealthiest list.
But don’t cry for Charles, 67, who apparently knows how to party. Every year he
and his wife, Tanya, throw a big wingding
in their Rancho Santa Fe hacienda around
Halloween.
Star Topping the List
A star in his own right, and the wealthiest this year, is Irwin M. Jacobs, the
founder of Qualcomm Inc., who retired
as its chief executive in 2005, handing the
reins of the local telecom firm to son, Paul
E. Jacobs.
The elder Jacobs, 77, stepped down as
Qualcomm’s chairman in 2009, but still
holds more than 12 million shares of his
firm’s stock, which has risen to the high
$40s in recent weeks. While his net worth
declined by $200 million over the three
years to $1.5 billion, Jacobs certainly has
amassed a nice cushion left to weather
whatever is left of this recession.
Moores’ net worth contraction from
an estimated $850 million in 2007 to $825
million this year spurs conjecture. The self-
DIGITAL EDITION USER GUIDE
made millionaire and owner of The San
Diego Padres is selling the team in stages
to a group led by Padres Chief Executive
Officer Jeff Moorad. Forbes estimated the
value of the franchise this year at $408
million.
Moores is also in the midst of a messy
divorce to wife, Rebecca, that once appeared all settled, but of late could be
headed into a courtroom.
Despite the continued downturn, this
year’s list features a few big winners, and
a handful of new members, whose overall
net worth appreciated by some remarkable
numbers.
Wealth Increases
Take Masood K. Tayebi, a high-tech
entrepreneur who saw his estimated net
worth increase 50 percent from $60 million
in 2007 to $90 million this year. Tayebi and
his brother, Massih Tayebi, made their
millions from Wireless Facilities Inc., an
%FDFNCFS
engineering services business that was
founded in 1994 and taken public in 1999.
The company is now defense contracting
firm Kratos Defense & Security Solutions
Inc.
Today, the brothers are involved in
a number of biotech ventures, and run
BridgeWest LLC, a private equity firm that
funds other high-tech startups.
Then there’s Peter C. Farrell, the
founder of ResMed, the wildly successful
business that makes equipment used to
treat sleep disorders. Farrell, who makes
his first appearance on the Wealthiest list
this year, has a net worth of about $80
million, up from $60 million three years
ago, reflecting a 33 percent increase. He
recently received a Nice Guy of the Year
Award from Nice Guys San Diego, a local
group of folks that help people who are
down on their luck.
That sends the old saw — nice guys finish last — on its head.
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%FDFNCFS
Eliminating Stop-and-Go Traffic
M
ost people can recall
a time where they
had a seamless drive to
work, hitting all green
lights along the way. Even
more memorable are
the times where drive
–‹‡†‘—„Ž‡†ǡ•—ơ‡”‹‰
all red lights en route.
Badly timed signals strike
#JMM#SPXOWJDFQSFTJEFOU
a chord with everyone,
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because let’s face it; no one
BU.D$BJO*OD
ƒ…–—ƒŽŽ›Ž‹‡•–”ƒˆϐ‹……‘Ǧ
gestion. It not only saps precious time, but it easily
drains personal and environmental energy too.
–‘’‘ˆ–Š‡‡‘–‹‘ƒŽ•–”ƒ‹–”ƒˆϐ‹……‘‰‡•–‹‘
causes, vehicles in the United States are responsible
for nearly a third of the carbon dioxide emission
ƒ—•‡†„›ƒ—–‘‘„‹Ž‡•‰Ž‘„ƒŽŽ›Ǥ˜‡‘”‡ƒ•–‘—†Ǧ
ing is the fact that each year $87 billon worth of fuel
‹•™ƒ•–‡††—‡–‘‹†Ž‹‰˜‡Š‹…Ž‡•ƒ†•–‘’Ǧƒ†Ǧ‰‘
–”ƒˆϐ‹…‹–Š‡‡–”‘’‘Ž‹–ƒƒ”‡ƒ•‘ˆ–Š‡‹–‡†–ƒ–‡•
Ǧ–Šƒ–ǯ•”‘—‰ŠŽ›̈́ͳǡͲͲͲ‹ˆ—‡Ž…‘•–•’‡”Š‘—•‡Š‘Ž†
each year.
The good news is these transportation concerns
ƒ”‡„‡‹‰ƒ††”‡••‡†ǤŠ‡–”ƒˆϐ‹…‹†—•–”›Šƒ•†‡Ǧ
vised technologies that aim at keeping motorists on
the move through busy corridors, resulting in fuel
savings, reduced environmental impact, and most
‹’‘”–ƒ–Ž›•–”‡••Ǧˆ”‡‡ǡŠƒ’’›†”‹˜‡”•Ǥ‡•‘Ž—–‹‘
being utilized, adaptive control, was developed to
ƒŽŽ‡˜‹ƒ–‡–”ƒˆϐ‹…’”‘„Ž‡•‘Š‹‰ŠǦ˜‘Ž—‡ƒ”–‡”‹ƒŽ•Ǥ
Š‡–‡…Š‘Ž‘‰›…‘‘”†‹ƒ–‡•‘’–‹—–”ƒˆϐ‹…•‹‰ƒŽ
timing to expedite throngs of vehicles through
‘””‹†‘”•“—‹…Ž›ƒ†‡ˆϐ‹…‹‡–Ž›Ǥ
Seem too good to be true? It’s not. Adaptive
control technology works through the collection of
†ƒ–ƒ‘’”‡˜ƒ‹Ž‹‰–”ƒˆϐ‹……‘†‹–‹‘•ˆ”‘˜‡Š‹…Ž‡
†‡–‡…–‘”•‹–Š‡ϐ‹‡Ž†–Šƒ–‡ƒ•—”‡–Š‡—„‡”‘ˆ
vehicles and their speed along a corridor. Acquired
data is then analyzed using advanced algorithms that
ƒŽ…—Žƒ–‡‘’–‹—–”ƒˆϐ‹…•‹‰ƒŽŽ‡‰–Š•–‘‡š’‡†‹–‡
–”ƒˆϐ‹…–Š”‘—‰Š–Š‡…‘””‹†‘”ǡ›‹‡Ž†‹‰‡ˆϐ‹…‹‡–ǡ‘”‡
„ƒŽƒ…‡†–”ƒˆϐ‹…ϐŽ‘™ƒ†‡Šƒ…‡†ƒ”–‡”‹ƒŽ’‡”ˆ‘”Ǧ
mance.
†ƒ’–‹˜‡…‘–”‘Ž–‡…Š‘Ž‘‰›Šƒ•’”‘˜‡‡ơ‡…Ǧ
–‹˜‡‹ƒƒ‰‹‰–”ƒˆϐ‹…ϐŽ‘™ǡ”‡†—…‹‰–”ƒ˜‡Ž†‡Žƒ›•
by 5 to 42 percent while reducing carbon emissions
from idling vehicles up to 22 percent. By minimizing
†‡Žƒ›•ƒ†•–‘’Ǧƒ†Ǧ‰‘–”ƒˆϐ‹…ǡ–Š‹•‹‘˜ƒ–‹˜‡•‘Ž—Ǧ
tion also increases intersection safety by helping to
reduce the number of collisions. Best of all, adaptive
‘–”‘Ž‹•‡•–‹ƒ–‡†–‘›‹‡Ž†ƒ̈́ͶͲ”‡–—”‹–‹‡ƒ†
ˆ—‡Ž•ƒ˜‹‰•ˆ‘”‡˜‡”›̈́ͳ‹˜‡•–‡†Ǥ
This technology is being utilized in several
cities across the nation, even in our very own City of
San Marcos. Taking steps to alleviate the notorious
–”ƒˆϐ‹……‘‰‡•–‹‘ƒŽ‘‰ƒƒ”…‘•‘—Ž‡˜ƒ”†ǡ–Š‡
city evaluated the corridor and applied adaptive
control technology, resulting in a smoother travel
experience.
Dz†ƒ’–‹˜‡…‘–”‘Ž–‡…Š‘Ž‘‰›‹•’”‘˜‹‰‡ơ‡…–‹˜‡
‹ƒ††”‡••‹‰–”ƒˆϐ‹……‘‰‡•–‹‘‘”‡‰—Žƒ”Ž›–”ƒ˜‡Ž‡†
arterials. Busy corridors with equipment limitations
ƒ„‡‡ϐ‹–ˆ”‘–Š‡–‡…Š‘Ž‘‰›ǡ™Š‹…Š—–‹Ž‹œ‡•ƒ
combination of new and preexisting instruments to
ˆƒ…‹Ž‹–ƒ–‡ƒ‘”‡”‘„—•––”ƒˆϐ‹…ƒƒ‰‡‡–•›•–‡ǡdz
said Jason Stack, principal of Stack Consulting, Inc.
ƒ†Ž‡ƒ†’”‘Œ‡…–ƒƒ‰‡”ˆ‘”–Š‡ƒƒ”…‘•‘—Ž‡Ǧ
vard project.
Adaptive control technology is a key step in
ƒ††”‡••‹‰˜ƒ”‹‘—•–”ƒˆϐ‹……‘…‡”•ǡ„—––Š‡‡†‰‘ƒŽ
is to have fully integrated infrastructures that easily
ƒƒ‰‡–”ƒˆϐ‹…ƒ†ƒ‡’‘•‹–‹˜‡ǡŽƒ•–‹‰‡˜‹”‘Ǧ
mental impacts, while keeping drivers informed
‘ˆ—’Ǧ–‘Ǧ–Š‡Ǧ‹—–‡”‘ƒ†‹ˆ‘”ƒ–‹‘ǤŠ‹•…ƒ„‡
accomplished through global initiatives that bridge
‘—‹…ƒ–‹‘‰ƒ’•ǡ‹–‡‰”ƒ–‹‰ƒ†•Šƒ”‹‰‹ˆ‘”Ǧ
mation across all facets, from highway to arterial to
parking structures and streets, resulting in pertinent
†ƒ–ƒ„‡‹‰…‘˜‡›‡†„ƒ…–‘—•ǡ–Š‡‘–‘”‹•–•ƒ˜‹Ǧ
‰ƒ–‹‰–Š‡”‘ƒ†•Ǥ’‡‹‰–Š‡Ž‹‡•‘ˆ…‘—‹…ƒǦ
tion will pave the way to reduce our environmental
impact and help save precious time and money,
providing more than just a green light, but green
all the way around.
Submitted by Bill Brown, vice president of business
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and parking guidance solutions. With more than 20 years of
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TAKE ADVANTAGE OF:
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PUBLICATION DATE
The Book of Lists has a year-long shelf life and is referred
to more than 5 times a year by readers. It is the most
talked about publication of the year
December 27, 2010
CREDIBILITY
December 15, 2010
The lists have received awards for accuracy from the
Professional Association of American Business Editors
and Writers
LAST CHANCE
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Be part of a publication that has been seen, read, shared
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Business can weigh in on our transportation future
”ƒˆϐ‹……‘‰‡•–‹‘‘ˆ–‡ƒ––‡”•–‘
businesses. For many, it makes a
†‹ơ‡”‡…‡™Š‡–Š‡”ƒƒŒ‘””‘ƒ†‹•‡šǦ
panded, transit services are close by, or
ˆ”‡‡™ƒ›‹’”‘˜‡‡–•™‹ŽŽ”‡†—…‡–”ƒˆϐ‹
congestion. The San Diego Association
of Governments (SANDAG) is currently
preparing and receiving public comment
‘–Š‡†”ƒˆ–ʹͲͷͲ‡‰‹‘ƒŽ”ƒ•’‘”–ƒǦ
–‹‘ŽƒȋȌǡƒ…‘’”‡Š‡•‹˜‡”‡Ǧ
gional transportation plan for San Diego
‘—–›–Šƒ–Ž‘‘•ͶͲ›‡ƒ”•ƒŠ‡ƒ†ƒ†ˆ‘”
–Š‡ϐ‹”•––‹‡™‹ŽŽ•—‰‰‡•–™ƒ›•–‘”‡†—…‡
greenhouse gas emissions through a
Sustainable Communities Strategy (SCS).
Business leaders in the region are invited
to participate and help us prepare for the
future.
The SANDAG Board of Directors is
moving toward selecting a preferred
revenue constrained transportation
‡–™‘”•…‡ƒ”‹‘ˆ‘”–Š‡†”ƒˆ–ʹͲͷͲǤ
Four transportation network scenarios
Šƒ˜‡„‡‡’”‡•‡–‡†–‘–Š‡’—„Ž‹…ǡ™‘”Ǧ
ing groups, SANDAG Policy Advisory
Committees, and the Board of Directors
ˆ‘””‡˜‹‡™ƒ†…‘‡–Ǥϐ‹ˆ–Š–”ƒ•Ǧ
portation network scenario, a hybrid
alternative that combines elements from
the four scenarios, has been developed
„›•–ƒơƒ––Š‡”‡“—‡•–‘ˆ–Š‡‘ƒ”†ǤŠ‹•
new scenario is designed to maximize
transit system enhancements, integrate
biking and walking elements, promote
Transportation Demand Management and
Transportation System Management, and
T
meet greenhouse gas emissions reduction
–ƒ”‰‡–•Ǥ–ƒơ™‹ŽŽ’”‡•‡––Š‹•ϐ‹ˆ–Š•…‡Ǧ
ƒ”‹‘ƒ–ͻƒǤǤ‘‡…Ǥͳ͹ƒ––Š‡
‘ƒ”†‘ˆ‹”‡…–‘”•‡‡–‹‰Ž‘…ƒ–‡†ƒ–ͶͲͳ
B St. in downtown San Diego. Community
members who cannot attend in person
may listen to the proceedings live online
„›˜‹•‹–‹‰–Š‡
‡„•‹–‡ƒ–•ƒǦ
dag.org. A link to the meeting is located
on the home page.
Public involvement and outreach are
an integral part of the planning process
ˆ‘”–Š‡ʹͲͷͲƒ†‹–•ǤŠ‡ʹͲͷͲ
—„Ž‹…˜‘Ž˜‡‡–Žƒ‡•–ƒ„Ž‹•Š‡•
ƒ’”‘…‡••ƒ†‘—–Ž‹‡••’‡…‹ϐ‹…ƒ…–‹˜‹–‹‡•
for communicating with and obtaining
input from the public throughout the
†‡˜‡Ž‘’‡–’‡”‹‘†Ǥơ‘”–•ƒ”‡
directed at building awareness of the
”‡‰‹‘ƒŽ–”ƒ•’‘”–ƒ–‹‘’Žƒ‹‰’”‘Ǧ
cess and identifying opportunities for all
interested stakeholders to participate in
shaping the future of the region. SANDAG
Šƒ•‹’Ž‡‡–‡†ƒ—„‡”‘ˆ‡ơ‘”–•
to secure input on developing project
priorities, project evaluation criteria,
–”ƒ•’‘”–ƒ–‹‘‡–™‘”•ǡˆ—†‹‰ƒŽ–‡”ƒǦ
tives, meeting greenhouse gas emissions
–ƒ”‰‡–•ǡƒ†‘–Š‡”‡Ž‡‡–•‘ˆ–Š‡ʹͲͷͲ
ǤŠ‡•‡‡ơ‘”–•ƒ”‡…‘‘”†‹ƒ–‡†™‹–Š
”‡‰—Žƒ”‹–‡”ƒ…–‹‘™‹–Š–Š‡‡‰‹‘ƒŽ
Planning Stakeholders Working Group
ƒ†”‡…‹’‹‡–•‘ˆ…‘—‹–›Ǧ„ƒ•‡†‘—–Ǧ
reach grants, technical working groups,
and other stakeholder working groups
‡•–ƒ„Ž‹•Š‡†„›
ǤŠ‡Žƒ–‡•–‹ˆ‘”Ǧ
VALLEY VIEW HOTEL
NEVADA 702.731.2033
CALIFORNIA 619.398.8320
www.jmaarch.com
CONGRATULATIONS TO THE SAN PASQUAL TRIBE
ON THE OPENING OF
THE VALLEY VIEW HOTEL
FROM YOUR COLLEAGUES AT
JMA
ƒ–‹‘‘–Š‡ʹͲͷͲ‹•ƒ˜ƒ‹Žƒ„Ž‡ƒ–
•ƒ†ƒ‰Ǥ‘”‰ȀʹͲͷͲ”–’Ǥ
•Š‘”––Š”‡‡Ǧ‹—–‡˜‹†‡‘‹‰Ž‹•Š
and Spanish is available online at sandag.
‘”‰ȀʹͲͷͲ”–’ˆ‘”…‘—‹–›‡„‡”•
interested in learning more about the
plan. It’s designed to engage viewers in
the discussion about our region’s future
•–”ƒ–‡‰‹‡•ˆ‘”‹–•…‘—‹–‹‡•ǡ–”ƒ•’‘”Ǧ
tation network, employment, economy,
ƒ†‡˜‹”‘‡–ǤŠ‡˜‹†‡‘ƒŽ•‘‹•ƒ˜ƒ‹ŽǦ
able as part of a community or business
’”‡•‡–ƒ–‹‘‘–Š‡Ǥ‹…‡–Š‡ˆƒŽŽ‘ˆ
ʹͲͲͻǡ‘”‡–ŠƒͳͲͲ’”‡•‡–ƒ–‹‘•Šƒ˜‡
been made to community and business
‘”‰ƒ‹œƒ–‹‘•ƒ•’ƒ”–‘ˆ–Š‡’—„Ž‹…‘—–Ǧ
reach process. To request a guest speaker
‘–Š‡ǡ…‘–ƒ…–ƒ”‹‘••ƒ–ȋ͸ͳͻȌ
ͷͻͷǦͷ͸ͳͲ‘””‘•̷•ƒ†ƒ‰Ǥ‘”‰Ǥ–‡”‡•–‡†
’ƒ”–‹‡•…ƒ•‹‰—’–‘”‡…‡‹˜‡–Š‡ʹͲͷͲ
‡Ž‡…–”‘‹…‡™•Ž‡––‡”ƒ–ʹͲͷͲ”–’̷
sandag.org.
Š‡ƒ‹‡‰‘••‘…‹ƒ–‹‘‘ˆ
‘˜‡”Ǧ
ments (SANDAG) is the region’s primary
research, planning, and transportation
agency, providing the public forum for
regional policy decisions about growth,
transportation, transit planning and
‘•–”—…–‹‘ǡ‡˜‹”‘‡–ƒŽƒƒ‰‡Ǧ
ment, housing, open space, energy, public
safety, and binational topics. SANDAG is
composed of mayors, council members,
and county supervisors from each of the
”‡‰‹‘ǯ•ͳͺ…‹–‹‡•ƒ†…‘—–›‰‘˜‡”‡–Ǥ
Submitted by SANDAG. For more information, please visit www.sandag.org.
December 13, 2010
C
Digital Edition User Guide
Transportation Supplement
Page A33
www.sdbj.com
The Green Build Soars Ahead
onstruction on The Green Build, the largest project in the history of San Diego International Airport, is in full swing. Called The
Green Build for its economic and environmental benefits, the project consists of much-needed improvements to help meet
current and future airport demand at Lindbergh Field.
Customer Benefits to Come
The Green Build improvements will provide
enhanced customer service benefits for travelers,
enabling them to move more quickly through security checkpoints, as well as facilities and services to
make passenger travel more comfortable and convenient. The improvements
include 10 new gates with
more comfortable waiting
areas, a dual-level roadway to separate arriving
and departing passengers,
more shopping and dining
options and more security
lanes.
relocation of the USO, demolition of one pedestrian
bridge and placement of nearly 800 piles for the
445,000 square-foot addition to Terminal 2. Soon,
visitors will start to see crews building “up!”
Passengers visiting Terminal 2 will notice some
construction activity currently taking place at the
Plan Ahead
Throughout construction,
Economic Benefits
In addition to its
customer service benefits,
The Green Build, a $1 billion project, will also help
boost the region’s economy.
At peak construction, The
Green Build will provide
1,000 construction-related
jobs. The San Diego County Regional Airport Authority’s small business development team is also working
hard to ensure that local, small and disadvantaged
businesses have opportunities to bid on and win contracts. In fact, the Authority recently received awards
from the San Diego Chapter of the American Subcontracting Association and the Airport Minority Advisory Council for its small business outreach efforts. A
number of contracts totaling $45 million have already
been awarded to local small and disadvantaged businesses. Companies interested in bidding on work for
The Green Build can visit www.san.org/smallbusiness or call 619-400-2568.
What’s Happening Now
Construction crews have completed much of
the preliminary work on The Green Build, including
can construct the dual-level roadway and relocate
utilities located beneath the parking lot.
Plenty of parking spaces are available in the
airport’s SANPark NTC, SANPark Harbor Drive and
SANPark Pacific Highway parking lots. To receive a
link to parking lots on your mobile phone, text ‘park’
to 45995. Passengers are encouraged to familiarize themselves with these additional
lots, as they will need to use
them in the coming months.
airport. Demolition of the second pedestrian bridge,
located at the west end of Terminal 2, is underway,
and will continue through January. The roadway in
front of the terminal has been rerouted to allow for
the demolition to take place, which will make way for
construction of the dual-level roadway in front of the
terminal.
While not visible to most, work is continuing
on the tarmac to prepare a new location for aircraft
parking. This area will temporarily serve as a parking
lot when paving is complete.
On the Horizon
Airport passengers and visitors should prepare
for some changes to come early next year. The parking lot in front of Terminal 2 will be closed in early
2011, and parking spaces relocated to a new, 1,350space parking lot. This closure is necessary so crews
airport visitors and passengers should plan ahead
before traveling to the airport
and allow extra time, as it
may take longer than normal
to arrive, park, get to the
terminal and check-in at the
airport.
To stay up-to-date on
construction activity and
changes that could potentially impact your trip to/from the airport, the airport
offers several ways to stay informed:
1) Sign up for construction e-alerts at san.org
2) Follow the airport on Facebook and Twitter
3) Sign up to receive SMS text updates by texting ‘alert’ to 45995. Standard text messaging rates may apply
4) E-mail greenbuild@san.org; or
5) Call the construction hotline at 619-400-2288.
Coming Soon!
The Green Build improvements will be open to
the public in 2013. Get ready for an improved airport
to take flight!
Submitted by San Diego County Regional Airport Authority.
For more information, please visit www.san.org.
1BHF"
www.sdbj.com
5SBOTQPSUBUJPO4VQQMFNFOU
DIGITAL EDITION USER GUIDE
%FDFNCFS
presents
The 12th Annual
San Diego’s
Best Places
To Work Awards
Call for Nominations
This annual event recognizes the
best places to work in San Diego.
Nominate your company by
registering to participate by
Feb. 25, 2011. Visit:
www.bestplacestoworksd.com
Award categories will include:
Small businesses, Medium businesses
and Large businesses.
Awards Reception to be held:
— Thursday, June 23, 2011 —
The San Diego Business
Journal, in partnership with
Best Companies Group, will
identify and recognize the best
companies to work for in San
Diego.
Through an in-depth, online survey,
participating companies will be able to
submit a nomination and have the option of
viewing all of the results.
Register your company now to participate in
the nomination process and take advantage
of this definitive measurement of your
employees’ satisfaction.
To participate in the
Best Places to Work Program, visit:
www.bestplacestoworksd.com
4:00 - 7:00 p.m.
Location TBD
Co-Sponsor:
Deadline to participate is:
February 25, 2011
Sponsorships available
For more information contact April West at (858) 277-6995, or email: awest@sdbj.com
%FDFNCFS
4"/%*&(0#64*/&44+063/"-
DIGITAL EDITION USER GUIDE
REAL ESTATE ROUNDUP
Projects, developments and
other activity in cities in and
around San Diego County
www.sdbj.com
1BHF
Compiled by Daina Yousif
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"TRVBSFGPPUJOEVTUSJBMCVJMEJOHJO7JTUBJTCFJOHMFBTFEGPSZFBSTCZ.D$BJO*OD
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Gafcon Demonstrates Quality Local Contractor Builds
$55M School in Irvine
Control Technology
Gafcon Inc., a California-based construction management and consulting
firm, showcased its “nSpec” contractor
quality control technology at the Navy
Quality Control Conference, held recently
at Marine Corps Base Camp Pendleton.
The conference involved all contractors
and quality control personnel working
on the $5 billion worth of construction
projects on the 125,000-acre base.
Gafcon’s nSpec CQC is a hand-held
mobile platform which ties into a Webbased SharePoint portal to automate the
government-required contractor quality
control system. The platform has been
beta-tested by the U.S. Marine Corps at
Camp Pendleton, and is commercially
available. It includes documented daily
observations with photos, automated
notifications for safety violations, and
tracking of personnel assignments.
“Gathering field data is incredibly labor
intensive and has always been an inefficient
part of the construction process,” said Yehudi “Gaf ” Gaffen, chief executive officer
of Gafcon. “Contractors are able to use
this technology to dramatically improve
profitability, project performance and client satisfaction.”
The government-initiated CQC program
in the late-1970s requires that contractors
take responsibility for the quality of the
construction provided under federal contracts. The program requires generation of
daily reports as well as other updates that
document preparatory, initial, and followup phase quality control activities, as well
as documentation of all required re-work
identified by the quality control manager.
These reports have typically been prepared
by hand or in word-processing software at
an office site.
Barnhart Balfour Beatty announced
the completion of Orchard Hills School, a
new, comprehensive kindergarten through
eighth grade school in the Tustin Unified
School District.
The $55 million school is located on a
15-acre site in Irvine.
The school opened for the 2010-11
school year with more than 450 students in
grades five and six. Additional grades will
be added in coming years. The project is
master-planned to house more than 1,200
students and contains 45 teaching stations
and supporting facilities totaling 147,524
square feet. In addition to classrooms
and laboratories, the facility includes a
kindergarten with play areas, specialty
classrooms, an administration building,
elementary and middle school libraries,
a multipurpose/food-services building
with a stage, a gymnasium, and track and
sports fields.
Orchard Hills School was funded
through taxes on new housing development and with matching state funds.
Architectural and design services were
provided by MVE Institutional Inc. of
Irvine. The Barnhart team included John
Bernardy, senior vice president; John
Squillace Sr., senior project manager; Dave
Creek, project manager; Don Rondeau
and Jesse Schmitt, project superintendents;
and Aaron Lee, field engineer.
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building was sold to Virginia Herrera Gonzalez by Far East National Bank.
The former Chicago Title building
was previously owned by an office condominium developer who purchased the
property in 2007 for $13.6 million. In October 2009, the property was sold again at
a public auction to the highest bidder for
$12 million. The buyer was the foreclosing
beneficiary.
Far East National Bank was represented
by Tim Winslow, Jason Kimmel and Kelly
Strickland of Cassidy Turley BRE Commercial. Jeannine Savory of Prudential
California Realty represented the buyer.
Vista Industrial Building
Leased for $6.7 Million
Lee & Associates has completed a
10-year lease of a 98,000-square-foot
Leadership in Energy and Environmental Design-certified industrial building
located at 2633 Progress St. in Vista.
The lease is valued at approximately
Downtown Office Building
$6.7 million.
Team AIM, consisting of Adam RobinIs Sold for $7.2 Million
Cassidy Turley BRE Commercial son, Isaac Little and Marko Dragovic of
announced the $7.2 million sale of the Lee & Associates-North San Diego Coundowntown office building located at 925 ty, represented landlord Wilco Investments
in the transaction. The tenant, McCain
B St.
The six-story, 64,581-square-foot office Inc., was represented by Don Grant of
Cassidy Turley BRE Commercial, and will
be using the property for office, research
and development, manufacturing and
distribution.
“This is one of the largest industrial
lease transactions completed in San Diego
County this year,” said Robinson.
According to team AIM, the property
was recently constructed in the second
quarter of 2010 and was the only building
of its class available in this size range. The
LEED-certified facility has a high-image
corporate design, dock and grade-level
loading, two-story entry, and state-of-theart construction.
“We were very pleased with the Lee
& Associates team,” Wilco Investments
said. “Our building was heavily marketed
throughout the construction phase and we
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after completion.”
Construction Completed on
Alzheimer’s Care Facility
General contractor T.B. Penick & Sons
Inc. has completed construction on a $3.3
million state-of-the-art Alzheimer’s disease
care facility at Sunshine Care, a 32-acre
alternative assisted living and dementia
care community located near Monte Vista
Road in Poway.
The 10,800-square-foot facility is the
newest addition to the existing six care
facilities located at the center, providing a
total of 86 beds.
Construction of the two-level building,
including 5,500-square-feet of living area
with a 5,300-square-foot underground
parking garage, consists of structural concrete masonry foundations with a woodframe stucco finish and tile roof.
Designed by internationally known
gerontologist/architect Uriel Cohen, with
San Diego-based designer Kit Ashley of
CCA/Architects, the new 12-room, 24-bed
facility incorporates a spacious Hawaiianstyle indoor/outdoor environment featuring 14-foot ceilings. A central “great room”
is comprised of a common dining room
and adjoining living room area with a wall
of 10-foot Lanai glass doors opening to a
landscaped outdoor courtyard.
According to Sam Stelletello, CEO
and president of Sunshine Care, the open
setting is a special place that keeps clients
from feeling confined. “Our special mission is to provide an ‘at home’ environment
that is comfortable, safe and secure.”
Security cameras located throughout the
facility allow off-site viewing and monitoring of the common areas for safety.
In addition to the 15 fountains found
throughout the campus, two orchards,
growing fields and a 1,000-square-foot
on-site greenhouse provide fruits and approximately 5,000 pounds of vegetables
each year for the center’s residents.
The T.B. Penick project team was comprised of Dan Curley, project manager;
Brad Huys, superintendent; and Avdo
Krzovic, project engineer.
Major subcontractors included A&P
Drywall Inc., Convergent Inc., General
Coatings Corp., Helfers Electric Co. and
Mark Harris Plumbing.
1BHF
4"/%*&(0#64*/&44+063/"-
www.sdbj.com
Jacob:
¨from page 1
they came with their own niches. For Kollegian, it was working on the digital side.
For Van Vechten, it was creating ads more
oriented to print and graphic design.
The two had been talking about combining for a while before Van Vechten made
the jump last year. Both agreed that for
the merger to work, it would have to mean
more than simply expanding the business
by one person.
1 Plus 1 Equals 3
“Charlie had a great phrase that put
(things) in perspective: If 1 and 1 makes 2,
we shouldn’t get together,” Kollegian said.
“But if by combining, that 1 and 1 makes
3, then we really have something here.”
The idea was to create a wider spectrum
of services for clients than the partners
could deliver separately.
During the course of several months
this year, Jacob Tyler grew larger and more
comprehensive, bringing on an associate
creative director, two public relations professionals, and a proven Web development
firm called TechnoNet Group Inc. Financial
terms of the deal were not disclosed.
The latter acquisition, which took place
last month, added four new people — experienced, savvy technology experts who
have a grasp not only on the digital business, but in how businesses operate and
how to best help clients get the most out
of their Web sites, Kollegian says.
TechnoNet has been around for five
years, and counts several major corporations as clients, for a variety of Web-based
projects, including Toyota Motors, CocaCola and Direct TV.
San Diego-based Lamkin Grips, a
maker of golf club grips for top club
manufacturers such as Taylor Made Golf
Co. Inc. and Callaway Golf Co., hired Jacob Tyler recently to completely redesign
its Web site, an online catalog, and a print
advertising campaign.
Kim Doran, vice president of marketing
for Lamkin, said Jacob Tyler’s team was
“creative, smart, and they came in under
budget in a short time frame.”
It’s that sort of experience that Kollegian says he’s trying to replicate with
whatever client comes to the company’s
doorstep. Its offices are in the Torbati
Building, formerly the headquarters of
now-defunct HomeFed Bank, since the
Jack:
end of fiscal year 2013,” Lang said.
¨from page 1
Solid Strategy
On a diluted per-share basis, Jack in
the Box had operating profits in the past
year of $1.26, compared with $2.27 for the
prior fiscal year.
One way it is trying to pare expenses is
selling off more of its company-owned restaurants to franchisees. In the past year, it
sold 219 restaurants to
franchisees, the highest
number since it embarked on the strategy
in 2004.
In the past five years,
the company has sold
680 restaurants as it
-JOEB-BOH
increased franchise
ownership from 25 percent to 57 percent
of all of its 2,206 outlets, said Linda Lang,
Jack in the Box’s chairman, chief executive
officer and president.
“We are ahead of our plan to achieve
our goal to increase the percentage of
franchise ownership in the Jack in the Box
system to 70 (percent) to 80 percent by the
The strategy is a wise move, said many
analysts, including restaurant consultant
Dennis Lombardi of WD Partners in Columbus, Ohio.
“By becoming more heavily co-owned
through franchising, it frees up a lot more
of its capital that can be used in some better way,” Lombardi said.
In Jack’s case, it took the $55 million it
received from the sale of the company restaurants and repurchased about 4.9 million
shares of stock at an average price of $19.71.
Last month, the company’s board authorized the repurchase of up to $100 million in
stock to further prop up its market price.
Since the beginning of this year, shares
of Jack have had a roller coaster ride,
starting at about $19 in January and rising above $26 in April, before plunging
to below $19 in July. The stock then went
back up to about $24 in October until
the company released its fourth-quarter
results Nov. 22 that disappointed most
Wall Street analysts, and punished the
Cattle:
ment for the unit, which employs about
two dozen people. Life Technologies’ Austin campus, one of about 30 worldwide,
has 320 employees.
The test will be marketed to stand-alone
veterinary labs and meat producers to
detect BVDV, a debilitating disease that
costs the U.S. cattle industry an estimated
$2 billion per year, according to IDEXX
Laboratories Inc., a Maine-based lab that
services the veterinary industry.
“It’s a nasty disease that makes cows in
a herd more susceptible to other diseases
and reduces their weight, which is an economic disadvantage to meat producers
taking their cows to market,” Kim said.
While Kim wouldn’t comment on the
potential dollar value of the test kit roll
out and didn’t make sales projections that
could tip off competitors, he said the central
role of animal health in successful livestock
production will have a positive impact on
Life Technologies’ future domestic sales.
The expected worldwide increase in beef
consumption brings urgency to the issue
of food safety.
According to the advisory board of the
World Agricultural Forum, the dramatic
¨from page 1
ket segments, such as the animal health
industry.
The new product targeting the beef
industry is called the VetMAX-Gold
BVDV Detection Kit and provides veterinary diagnostic labs around the world
with a tool to test cattle for type 1 and
type 2 bovine viral diarrhea virus — an
immune-suppressing disease that makes
cows susceptible to a range of respiratory
and reproductive illnesses.
In the lab, personnel can exponentially
amplify a DNA sample (such as a sample
taken from a cow) in an effort to detect
the presence of a particular pathogen,
said Kim. He declined to discuss the price
per kit, citing a competitive environment
in the field.
A Year Spent on R&D
Kim said Life Technologies’ first U.S.
Department of Agriculture-licensed test
“is a big deal for us,” and represents about
a year’s worth of research and develop-
DIGITAL EDITION USER GUIDE
JACOB TYLER
CREATIVE GROUP
CEO: -FT,PMMFHJBO
Revenue: NJMMJPOJONJMMJPO
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No. of local employees:
Investors:,PMMFHJBOBOE$IBSMJF7BO7FDIUFO
Headquarters:%PXOUPXO4BO%JFHP
Year founded:
Company description:'VMMTFSWJDFCSBOE
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agency moved a couple of weeks ago. The
10th floor digs are 3,100 square feet — 2,000
square feet larger than its previous address
in Little Italy.
Providing More Services
Kollegian and Van Vechten built sizable
small businesses before they merged. Van
Vechten Creative was around for about
17 years, with a good number of clients
in the hospitality and resort industry,
and other services. Kollegian’s client list
covered many areas, including high-tech
and biotech.
JACK IN THE BOX INC.
CEO: -JOEB-BOH
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Net income:NJMMJPOJO':
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No. of local employees:
Headquarters:,FBSOZ.FTB
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Stock symbol and exchange: +"$,
PO/BTEBR
Company description: 3FTUBVSBOUDIBJO
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stock once again.
Traded under JACK on the New York
Stock Exchange, shares fell by more than 1
point after the results were released to about
$20 before rising to $20.94 as of Dec. 8.
Oppenheimer & Co. analyst Matthew
Difrisco said Jack in the Box has been losing market share to McDonald’s Corp., and
is cautious about its prospects, assigning a
“perform” rating, meaning the stock should
LIFE TECHNOLOGIES
CORP.
CEO:(SFHPSZ5-VDJFS
Revenue:CJMMJPOJO
Net income:NJMMJPOJO
No. of local employees:
Headquarters:$BSMTCBE
Year founded:
Stock symbol and exchange:
-*'&PO/BTEBR
Company description:%FWFMPQTBOE
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increase in population growth and economic development will drive continued
growth in meat consumption. The Forum
said meat consumption could nearly
double by 2050 from 2008 rates.
Essential to Detect in Herds
To provide some context on the extent
of the problem to the cattle industry, an
%FDFNCFS
With the recent mergers and additions,
Jacob Tyler is truly a full-service advertising and marketing firm, says Van Vechten,
providing clients not only with a print ad
or brochure, but determining an overall
strategy for a business, and tracking results
to see if a particular piece or campaign is
working.
The marketplace seems to be giving
Jacob Tyler thumbs up on how it’s doing
its job. Its revenue increased from $1.6 million in 2008 to $2.1 million last year. This
year, it looks like the shop should hit $2.5
million, Kollegian says.
Although things were pretty bleak in the
world of advertising for most of the past
two years, there are signs that a turnaround
is happening, say Kollegian and other local
advertising people.
“We’re getting more calls from potential clients every week,” said Julia Simms,
whose San Diego ad agency — J. Simms
Agency — nearly doubled its revenue this
year.
“I’ve also heard that other agencies are
getting busier too. In the past six months,
I’ve seen more companies that had put
their marketing plans on a hiatus in the
past few years starting to spend money,”
Simms said.
be in line with the Standard & Poor’s 500
Index in the next 12 to 18 months.
Making Changes
Seeking new customers, the company
is improving its tacos, the type of coffee
it serves, and adding new things such as
pastrami sandwiches.
While sales are slumbering or worse
at many of its locations, Jack in the Box
continues to expand. It added 46 restaurants in the past year, down from 64 in the
prior fiscal year. In the fourth quarter, the
company sold off 40 of its underperforming stores and took a pre-tax charge of $28
million on those transactions.
Now in 19 states, the company expects
to open 30 to 35 new outlets in 2011.
In its forecast for the new year, the company said it expects same-store sales to finish in
a range from down 2 percent to up 2 percent
from the past fiscal year. In FY 2010, Jack’s
revenue was down by $174 million, and ended
at about $2.3 billion. Its 2009 revenue was
down by about $70 million from ’08.
“(Restaurant) brands have to evolve or
they wither and die,” said Lombardi.
academic-based veterinarian said it’s essential that producers know if the disease
is circulating in their herds.
“The USDA licensing of the detection kit
increases confidence when evaluating results,”
said Brad White, an associate professor of
veterinary medicine at Kansas State University. “Accurate and reliable tests are critical
when implementing strategies to control and
eliminate BVDV from cattle herds.”
Veterinary diagnosticians have historically relied on Life Technologies’ molecular
reagents and tools to detect and control
disease. This new product provides them
with a federally approved test containing
all the necessary reagents and controls in
a single kit.
“We continue to see our tools gain acceptance in a growing number of applied
market segments,” said Peter Dansky,
president of molecular biology systems
for Life Technologies.
“The USDA’s approval of our kit is a
testament to Life Technologies’ leadership
as a supplier of highly accurate, reliable and
cost-effective molecular tests that are having a positive impact on the cattle industry
and other food producers,” said Dansky.
%FDFNCFS
DIGITAL EDITION USER GUIDE
4"/%*&(0#64*/&44+063/"-
Growing Educational Community Sparks
Commercial Development Plans
®Ê#Z-06)*34)
Planning for Upper East Village commercial development is being spurred in part by growth at schools in that
area of downtown San Diego.
San Diego City College has been responding to rising enrollment in recent years by adding significantly to
its physical campus space, including acquiring two city
blocks in the northern East Village, following voter approval in 2002 of a countywide community college bond
measure.
The college has invested or earmarked around $600
million for the ongoing expansion, with four new buildings completed and three others in
various stages of construction and
planning.
City College President Terrence
Burgess said in an interview that the
school’s student enrollment grew from
12,000 to 19,000 in the past 10 years,
and is projected to rise to 25,000 in the
5FSSFODF#VSHFTT next decade. That will likely increase
the need for housing options, as well
as dry cleaners, print shops and other elements to support
a growing downtown school community.
“It’s good to see this side of the East Village starting
to come together,” said Burgess, a downtown resident
himself. “There are some scattered projects, but this is
the last major part of the downtown that hasn’t been
significantly developed so far.”
New School of Architecture and Design, acquired in
2008 by Laureate Education Inc., has seen its downtown
campus enrollment rise 25 percent in the past year to
640. President Steve Altman said
NewSchool expects the number of
students to more than double in the
next five years, as it adds to its offerings in programs such as construction
management, digital media, and interior and industrial design.
Altman said the school, in the com4UFWF"MUNBO
ing decade, will likely need nearby
support services and amenities geared to students and
faculty. A growing number of young people prefer to live
in urban, ecologically sustainable settings, he said, and
those coming to the school from elsewhere in the country
will want to locate nearby to minimize commuting time.
“In the long run, it could take the form of improving
student housing,” Altman said. “You want to create a
community that supports the lives of students there.”
A third school, the Thomas Jefferson School of Law,
is expected to open in the area soon.
new pedestrian-friendly urban parks being
planned by the City of San Diego, including the 4-acre East Village Green, expected
to be completed in three or four years.
¨from page 1
Harmer, a longtime developer of downto south by Broadway and G Street.
1DYDUUD¶V UHTXHVW IRU TXDOL¿FDWLRQV ² D town housing, said Navarra is aiming to
prelude to eventually reviewing and accepting get development and financing plans seGHYHORSPHQWSURSRVDOV²ZHQWRXWLQPLG cured in 2011; get city approvals completed
November, and applications expressing inter- by the end of 2012; and possibly start
delivering some housing and commercial
est will be accepted through mid-February.
Sherman Harmer Jr., a principal in locally buildings in 2013 or ’14.
No formal proposals have been offibased Urban Housing Partners Inc. who is
spearheading planning cially submitted by property owners. Any
on behalf of Navarra, development would need to be approved
VDLG WKH DLP LV ¿QGLQJ by city planners, starting with Centre
developers with expe- City Development Corp., also known as
rience in carrying out CCDC, San Diego’s downtown redevelopdiverse urban projects ment agency.
incorporating housing,
RI¿FHUHWDLODQGJUHHQ Long-Term Planning
Brad Richter, assistant vice president
space elements.
4IFSNBO
“The fundamentals of planning for CCDC, said it could be
)BSNFS+S
are in place downtown 10 years or more before any significant
so that you can live, work, play and learn, new development gets completed in the
downtown area.
all without a car,” he said.
“The economy is just so bad right now,”
Richter said, although he noted that planNew School of Thought
Harmer said the Navarra properties, ning is proceeding on parks and other
owned by the local family that has operat- infrastructure. “The best we can do now
ed Jerome’s Furniture Inc. since the 1940s, is get certain things in place, so that we’re
are well situated to capitalize on continued ready to move forward with projects when
growth taking place downtown at City the economy does get better.”
Developers note that the 2004 openCollege, NewSchool of Architecture and
Design, and the soon-to-open Thomas ing of Petco Park helped spur significant
commercial and residential development
Jefferson School of Law.
Developers say that growth will spur in the adjacent Gaslamp Quarter and the
the need for livable neighborhoods that southern part of East Village.
But East Village development to the
provide housing, entertainment and support services for students, faculty and staff north was essentially frozen when the
economy crashed, squelching demand
who want to live nearby.
Preliminary drawings done for Navarra for real estate and creating a lingering
by the design firm Carrier Johnson + Culture glut of newly built downtown residential
depict several neighborhood configurations, condos.
Harmer said much of the housing
including a gateway area leading into City
College along 16th Street. The suggested oversupply has been absorbed in recent
“design district” would be lined with show- months. As an example, he pointed to the
rooms, galleries and commercial businesses, recent purchase of the troubled Vantage
Pointe condo development by Equity
combined with student housing.
Other neighborhoods, adjacent to F Residential, which turned the building into
th
and 15 streets, would take advantage of rental apartments and took more than 600
East Village:
for-sale units off the market.
He said growth at downtown educational facilities should spur more demand
for housing and service businesses in the
long run. In recent months, there has
been enough of an improvement in the
economy, including more availability of
financing, that property owners want to
start laying the groundwork now for future
projects.
While the city and downtown educational institutions are not working directly
with Navarra to develop the properties,
the request for qualifications sent out by
Navarra includes letters of general support
for future projects from San Diego Mayor
Jerry Sanders, City Councilmember Kevin
Faulconer, and the presidents of all three
schools.
Seeking Well-Established Firms
David Landes, a consultant with land
brokerage firm Land Advisors Organization who is helping Harmer market the
Navarra properties nationally, said project
leaders have already received informal interest from local and nonlocal developers,
and expect to get several formal responses
in the coming weeks.
Landes said Navarra is seeking firms
with track records in putting together
large mixed-use developments, along the
lines of the L.A. Live project in downtown
Los Angeles, next to Staples Center, which
includes Nokia Theater, hotels, condos
and restaurants.
“We would want to see who has the
horsepower, who has the financial resources to get this kind of project done
locally,” he said.
While it is open to all possibilities,
Landes said the main goal of Navarra is
to create livable, self-contained neighborhoods within San Diego’s northeastern
downtown, similar to what has already
been done in places such as Little Italy.
“We’re probably not looking at this
point at having something like Petco Park,
which draws in people from the North
County,” he said.
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Biomimicry:
¨from page 5
this study will inspire new companies and
entrepreneurs to focus upon the development of this field.”
A key finding of the report is that biomimicry holds the potential to attract sizable capital inflows, driven by the prospects
of rapid growth and high rates of return,
and that venture capital potentially could
flow into the field at a pace at least equal
to that of biotech, estimated to be about
$4.5 billion in the U.S. in 2010.
Modeling done by the Fermanian institute projects that a San Diego biomimicry
hub could add $325 million to San Diego’s
gross regional product and $162 million in
total personal income on an annual basis,
with an initial 2,100 new jobs created for
San Diego.
A memorandum of understanding to
facilitate growth of the Bridge organization has been in place since 2008 between
the San Diego Zoo, the City of San Diego,
Connect, UC San Diego, San Diego State
University, Point Loma Nazarene University and the University of San Diego.
The players hope to address issues such as
governance, funding the fledgling hub and
other organizational matters at a Dec. 17
strategic planning session.
“It’s an informal collaboration at this
point trying to develop a formalized initia-
Civita:
¨from page 3
not overly bright,” Sessa said of the housing scene. “But we have been seeing some
green shoots in the overall economy.”
Sessa said the first phase, which will
take four to five years to complete, will
initially include 200 condo units and 306
apartments. Build-outs during the next
two years will include senior housing, affordable housing components, and some
commercial elements.
The overall goal of the project was
incorporating “live, work, play” components, Sessa said.
Civita, whose name is taken from the
roots of Latin words for “civic” and “community” and “vitality” and “life,” is on the
site of a former quarry, on land owned for
the past several years by the Grant family, first acquired in the 1920s by Franklin
Grant.
The family in 2002 enlisted Sudberry,
which has done several mixed-use developments throughout San Diego County, to
develop a green, sustainable community.
Reducing Urban Sprawl
Company Chairman Tom Sudberry said
the infill development is intended to help
reduce urban sprawl while enhancing open
park space, adding that it will incorporate
traffic improvements that will benefit the
larger Mission Valley area.
The firm said it has provided nearly $50
million in funding for planned improvements to nearby freeway interchanges, local
intersections, pedestrian and bicycle paths,
and other key transportation arteries.
Civita is among three San Diego County
developments recently honored as a 2010
Catalyst Project of the Year by the state
of California. The honor recognizes developments that promote environmental
sustainability.
Gordon Carrier, a principal in the
design firm Carrier Johnson + Culture,
which developed initial master plans during the entitlement process, said Civita was
developed around a central open space,
tive,” explained Helen Cheng, conservation
finance manager for the zoo, who has
helped coordinate the organization’s efforts to jump-start Bridge, which has held
several conferences in 2009 and 2010.
As a world-famous tourist destination,
the zoo would appear to be in an excellent position to be the centerpiece of a
biomimicry hub.
The two zoo properties in San Diego
County — the San Diego Zoo and San
Diego Zoo Safari Park — house nearly
8,000 animals representing 840 species. In
addition to its vast animal collection, the
San Diego Zoo is an accredited botanical
garden with close to 40,000 species, said
Allison Alberts, chief conservation and
research officer for the San Diego Zoo.
A Living Lab
“We are poised to offer the opportunity to be a living laboratory in helping
biomimicry-based businesses grow,” said
Alberts, adding that the inspiration that
comes from studying animals and plants
could also be a revenue generator for the
zoo. The study determined that the zoo
is the only facilities-based provider of
biomimicry services in the world and a
natural to drive research and commercial
applications.
A range of businesses in the region
already are incorporating aspects of biomimicry in the design of products or ones
they have on the drawing boards, said
with the priority of allowing residents to
walk in any direction along greenbelts,
trails and tree-lined streets.
“Rather than leveling the site, the idea
was to restore the land to its natural topography and connect the mesas to the valleys
— go from low to high,” Carrier said.
Borre Winckel, president and chief
executive officer of
the Building Industry
Association of San
Diego County, said the
groundbreaking at Civita also is a welcome
event for a beleaguered
construction industry,
which has seen em#PSSF8JODLFM
ployment plummet in
the past two years amid recession.
Stimulus for Jobs
The start of such a large project and
the commitment to it by Sudberry send
an even stronger signal than other recent
news from around the county regarding
the purchase of land for future home development by some large builders.
“It’s good news for construction companies, but it’s also good news for things
like construction bonding companies and
title companies, and it means that people
at surveying companies are getting some
work now,” Winckel said.
When fully built, Civita will include approximately 4,700 homes, including singlefamily houses, condominiums, townhomes
and apartments. Ten percent of homes will
be priced as “attainable” based on San
Diego’s guidelines for affordable housing,
according to Sudberry Properties.
Sudberry recently completed the sale of
9.5 acres to Shea Homes for the development of 200 townhomes, called Origen,
with two- and three-bedroom units, during
the first phase of Civita. Shea anticipates
breaking ground on the models in August
2011.
The first apartment complex in Civita — named Circa 37, after the year the
quarry was first mined — will have 306
apartments, with pre-leasing set for later
this year.
DIGITAL EDITION USER GUIDE
Ruprecht von Buttlar, director of finance
and commercialization programs at Connect, which serves as a networking group
for investors, entrepreneurs and high-tech
and life sciences professionals.
Connect is one of the charter members
of Bridge. The organization has incubated
other notable clusters in the region, such
as CleanTECH San Diego and the Wireless-Life Sciences Alliance.
Connect’s von Buttlar said that by studying the forms of living things, researchers,
scientists, designers and engineers can be
inspired to build faster trains, more efficient cars, cleaner paints and stronger
ceramics. “It’s not surprising that nature
is so efficient at creating solutions, while
we’re still catching up,” said von Buttlar, referring to the ways nature protects against
impact, insulates against heat or cold and
provides fire resistance.
San Diego-based companies such as
Qualcomm Inc. and Biomatrica are looking to nature for inspiration to develop
products. Qualcomm has a display for
phones called Mirasol that produces images in the same way that butterfly wings
display color.
Biomatrica helps scientists store biological materials without the expense of
refrigeration. Researchers studied tiny
organisms that are able to live for decades
without water as a source of inspiration.
“Biomimicry is clearly an emerging area
with huge potential,” said von Buttlar.
Pension:
¨from page 3
vestment officer David Deutsch, who was
terminated in March 2009 after the fund
lost more than $2 billion.
Brian White, SDCERA’s executive director, echoed the same refrain as Partridge
regarding his change of bosses, saying the
new arrangement will
provide the county’s
pension fund with a
deeper staff of experts who are working
on a variety of investment strategies. The
county’s pension fund
investment manage#SJBO8IJUF
ment team consists
of nine people.
Partridge’s sale wasn’t a shock, said
White. “When we entered into a contract
with him, we knew he was looking for additional clients.”
Board Can Weigh Options
While White and at least one other SDCERA board member think the change
could benefit the pension fund, the board
can terminate Partridge’s contract within
30 days. Partridge told the board he was
waiving the termination fee in the contract,
worth $300,000.
He said he would prefer staying on,
and thinks his performance will beat the
benchmarks detailed in his contract. For
the fiscal year ended June 30, SDCERA’s
return was 13.6 percent. Partridge began
working in October, or the second quarter
of the fiscal year.
Partridge said by acquiring Integrity
and its management of SDCERA’s pension fund, Salient doubled its assets. Prior
to the transaction, Salient stated its assets
were $8.3 billion.
In addition to the county pension fund,
which serves some 36,000 active and retired county employees, cratering by $2
billion-plus in 2008, it’s been under fire for
what some consider higher risk investment
strategies that include placing a sizable
%FDFNCFS
Mills:
¨from page 3
American City Business Journals from
four publications to 35.
Later, Mills became an owner and publisher of the Phoenix Business Journal
and publisher of business publications in
Silicon Valley.
“I have had the rare opportunity to be
part of an industry almost from its inception,” Mills observed. “My move to J.H.
Cohn is a perfect opportunity for me to
continue my career in public accounting,
which began more than 45 years ago. J.H.
Cohn has made a strong commitment to
Southern California and I am looking
forward to being part of the growth expansion of the firm.”
Widely Respected
Commenting on Mills’ move to J.H.
Cohn, Wade McKnight, a CPA and
office managing partner of the firm’s
San Diego office, said: “Armon is wellknown and widely respected in the
San Diego marketplace and will lend
a highly experienced, fresh perspective
to our business development programs.
We are delighted that he has decided to
join our firm.”
As to Mills’ successor, Carr said an announcement regarding a new publisher will
be made in the very near future.
SAN DIEGO COUNTY
EMPLOYEES RETIREMENT
ASSOCIATION
CEO: #SJBO8IJUF
Assets: CJMMJPO
No. of local employees: Headquarters: .JTTJPO7BMMFZ
Year founded: Organization description: 1FOTJPO GVOE
TFSWJOHBDUJWFSFUJSFEBOEEFGFSSFEDPVOUZ
FNQMPZFFT
portion of its assets in hedge funds.
In 2007, the county filed suit in federal
court to recoup part of a $175 million
investment the fund made in Amaranth
Advisors, a Connecticut hedge fund that
collapsed following a series of highly leveraged bets on energy prices that turned sour.
In March, a federal court in New York
dismissed SDCERA’s case, but the pension
fund is appealing the decision.
The fund was also burned last year
when another hedge fund, WG Trading,
was seized by federal regulators due to
fraudulent activities. One of that firm’s
partners, Paul Greenwood, pleaded guilty
to charges of securities fraud in July.
SDCERA said last year, WG Trading
owes $78 million that hadn’t been returned,
about half of its initial investment.
Partridge said hedge funds are tools to
diversify a pension fund, and like any tool,
they can be misused. He said SDCERA’s
fund is now about 20 percent invested in
hedge funds, split between a global macro
group and a relative value group of funds.
Teachers System Comes Calling
In a related side story regarding
Partridge’s new affiliation, Brian White
confirmed that he was approached to apply for the chief executive position at the
Teachers Retirement System of Texas, one
of the nation’s largest public pension funds
with $95 billion in assets. Before taking
on the SDCERA responsibility, Partridge
was the deputy chief investment officer to
that fund.
December 13, 010
Digital EDition UsEr gUiDE
SAN DIEGO BUSINESS JOURNAL
Page 3
www.sdbj.com
PEOPLE ON THE MOVE
ACCOUNTING
November 23, 2010 – REDWLLC, the largest Albuquerque-based CPA firm in
New Mexico, is pleased to announce that Michael Kirschner, CPA, joined the
firm’s Audit & Consulting Department as Senior Manager. Specializing in tribal
and gaming services, Michael represents the first California-based employee
providing on-the-ground resources to REDW’s California client base.
RETAIL
Mail Boxes Etc., Inc., franchisor of The UPS Store and Mail Boxes Etc. brands,
has appointed Michelle (Cervantez) Van Slyke its vice president of marketing.
With more than 22 years’ marketing experience, Van Slyke will manage
the marketing, communications, public relations and product development
functions of the world’s largest retail system of shipping, postal, print and
business services.
NONPROFIT
SHELLY MCTIGHE-RIPPENGALE has been promoted to Senior Vice President
of Development and Communications of the YMCA of San Diego County. She
most recently served as VP of Marketing, Communications and Development.
She will provide extensive leadership to all YMCA of San Diego County
development activities including; the $6 million Annual Support Campaign,
capital giving, major gifts and planned giving, and will continue to oversee
marketing, communications and membership development.
Shelly is the first female senior vice president in the YMCA of San Diego
County’s history. Her background with the YMCA of San Diego County
includes 23 years of dedicated service.
CHERI L. CHOY, CFRE
Strengthening the capacity of nonprofit organizations to serve the community and become
fiscally and organizationally solvent has been the legacy left by the work of Cheri L. Choy,
CFRE, newly appointed associate of the Nonprofit Resource Group. Since 1979, Cheri’s
wide range of executive, consulting and development
experiences include the YMCA in four California cities,
Netzel Associates Development Consulting, the Sol Price
City Heights Urban Village, St. Augustine High School and
the San Diego Foundation.
Cheri’s professional experiences have included directing
successful capital, annual, major gift, and other fundraising
campaigns. She also has had extensive responsibilities for
board and staff development, fiscal management, longrange strategic planning, facility and program development,
marketing and communications.
Recently Cheri has become a specialist in “Techs2Buck$”,
the technologies that enhance major gift and capital fund
raising-- donor databases, donor relationship software, website, email marketing. Cheri
credits fundraising success to a unique blend of demonstrated passion for community
service combined with the strategic planning skills that the computer age offers.
Cheri received her Bachelor of Arts degree in Journalism from UC Santa Cruz. She currently
served as a board member of the Association of Fundraising Professionals (AFP), San
Diego Chapter. Cheri resides in Ramona, California,
challenged and prideful of parenting two teen-aged
children.
For more information contact Mallory Bullard at (858) 277-6594. Please e-mail announcements and photo (JPEG format at least 300 DPI in size) to sdpeople@sdbj.com. Or mail announcements to San Diego People, 4909
Murphy Canyon Road, Suite 200, San Diego, CA 92123.
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The Business Wizards
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760.931.1300
Law Firms
Bierman Law Group
Specializing in Business, Internet and Software Law
www.BiermanLawGroup.com
info@biermanlawgroup.com
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Law Offices of Benjamin L. Meeker
Law offices specializing in civil litigation and
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Save time and money obtaining passport office & related
travel services in San Diego County
2353 Midway Dr. San Diego, CA 92110
(619)223-1661
737 Third Ave. Ste. A Chula Vista, CA 91910
(619)422-8551
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The Sales Alliance Inc.
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generation, compensation, manage- ment & coaching
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Richard Carpenter, Tax Attorney
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LEGALNOTICES
FICTITIOUS BUSINESS
NAME STATEMENT
––––––––
File No. 2010-029302
FICTITIOUS BUSINESS NAME:
JW Contract Cleaning
JW Cleaning
4655 30th Street,
San Diego, CA 92116
THIS BUSINESS IS CONDUCTED BY:
A Corporation
THIS BUSINESS IS HEREBY
REGISTERED BY THE
FOLLOWING:
JW Contract Blinds, Inc.
4655 30th Street,
San Diego, CA 92116
FIRST DAY OF BUSINESS WAS:
10-29-10
THIS STATEMENT WAS FILED
WITH SAN DIEGO ASSESSOR /RECORDER OFFICE OF SAN DIEGO
COUNTY ON:
October 29, 2010
11-22-2010
FICTITIOUS BUSINESS
NAME STATEMENT
––––––––
File No. 2010-030286
FICTITIOUS BUSINESS NAME:
ClearBalance
3636 Nobel Dr., Suite 250,
San Diego, CA 92122
THIS BUSINESS IS CONDUCTED BY:
A Limited Liability Company
THIS BUSINESS IS HEREBY
REGISTERED BY THE
FOLLOWING:
CSI Financial Services, LLC
3636 Nobel Dr., Suite 215,
San Diego, CA 92122
FIRST DAY OF BUSINESS WAS:
Not yet started
THIS STATEMENT WAS FILED
WITH SAN DIEGO ASSESSOR
/RECORDER OFFICE OF
SAN DIEGO COUNTY ON:
November 10, 2010
11-22-2010
NOTICE OF APPLICATION
TO SELL ALCOHOLIC
BEVERAGES
––––––––
FILED: November 18, 2010
To Whom It May Concern:
AZTEC SHOPS LTD.
The applicants listed above is applying to the Department of Alcoholic
Beverage Control, 1350 Front St.
Rm. 5056, San Diego, CA 92101,
to sell alcoholic beverages at: 5300
CAMPANILE DR., BLDG 88, SAN
DIEGO, CA 92115-1338.
Type of license(s) Applied for:
47 – ON-SALE GENERAL EATING
PLACE
11-29-10
FICTITIOUS BUSINESS
NAME STATEMENT
––––––––
File No. 2010-031186
FICTITIOUS BUSINESS NAME:
Delsushi
3251 Holiday Ct. #206
San Diego, CA 92037
THIS BUSINESS IS HEREBY
REGISTERED BY THE FOLLOWING:
Yang K. Yu
8784 Parkplace
San Diego, CA 92123
THIS BUSINESS IS CONDUCTED
BY:
An Individual
THE FIRST DAY OF BUSINESS WAS:
Not yet started
THIS STATEMENT WAS FILED
WITH DAVID BUTLER, RECORDER/COUNTY CLERK OF SAN
DIEGO COUNTY ON: Nov. 19, 2010
11-29-10
FICTITIOUS BUSINESS
NAME STATEMENT
––––––––
File No. 2010-031134
FICTITIOUS BUSINESS NAME:
Commercial Connect
Television
CommConnect
CommConnect Television
7323 Engineer Rd
San Diego, CA 92111
6663 Aranda Ave.
La Jolla, CA 92037
THIS BUSINESS IS HEREBY
REGISTERED BY THE FOLLOWING:
Commercial Connect Television Inc.
7323 Engineer Road
San Diego, CA 92111
THIS BUSINESS IS CONDUCTED BY:
A corporation
THE FIRST DAY OF BUSINESS WAS:
12/11/2003
THIS STATEMENT WAS FILED
WITH DAVID L. BUTLER, RECORDER/COUNTY CLERK OF
SAN DIEGO COUNTY ON:
November 19, 2010
11-29-10
NOTICE OF TRUSTEE’S SALE TS
No. 10-0101940 Title Order No.
10-8-392912 APN No. 589-17010-35 YOU ARE IN DEFAULT
UNDER A DEED OF TRUST, DATED
10/25/2007. UNLESS YOU TAKE
ACTION TO PROTECT YOUR
PROPERTY, IT MAY BE SOLD AT
A PUBLIC SALE. IF YOU NEED AN
EXPLANATION OF THE NATURE
OF THE PROCEEDING AGAINST
YOU, YOU SHOULD CONTACT A
LAWYER.” Notice is hereby given
that RECONTRUST COMPANY,
N.A., as duly appointed trustee
pursuant to the Deed of Trust
executed by SERAFINA MARTINEZ TURRUBIARTES, AND
LIRIO TURRUBIARTES A SINGLE
WOMAN, AS JOINT TENANTS,
dated 10/25/2007 and recorded
10/31/07, as Instru-ment No. 20070694321, in Book , Page 440), of
Official Records in the office of
the County Recorder of San Diego
County, State of Califor-nia, will
sell on 12/27/2010 at 10:00AM, At
the South entrance to the County
Courthouse, 220 West Broadway,
San Diego at public auction, to the
highest bidder for cash or check
as described below, payable in
full at time of sale, all right, title,
and interest conveyed to and now
held by it under said Deed of Trust,
in the property situated in said
County and State and as more fully
described in the above referenced
Deed of Trust. The street address
and other common designation, if
any of the real property described
above is purported to be: 6828
PANAMINT ROW 3, SAN DIEGO,
CA, 92139. The undersigned
Trustee disclaims any liability for
any incorrect-ness of the street address and other common designation, if any, shown herein. The total
amount of the unpaid balance with
interest thereon of the obligation
secured by the property to be sold
plus reasonable estimated costs,
expenses and advances at the
time of the initial publication of the
Notice of Sale is $352,469.83. It is
possible that at the time of sale the
opening bid may be less than the
total indebtedness due. In addition
to cash, the Trustee will accept
cashier’s checks drawn on a state
or national bank, a check drawn by
a state or federal credit union, or a
check drawn by a state or federal
savings and loan association, savings association, or savings bank
specified in Section 5102 of the Financial Code and authorized to do
business in this state. Said sale will
be made, in an “AS IS” condition,
but without covenant or warranty,
express or implied, regarding title,
possession or encumbrances, to
satisfy the indebtedness secured
by said Deed of Trust, advances
thereunder, with interest as
provided, and the unpaid principal
of the Note secured by said Deed
of Trust with interest thereon as
provided in said Note, plus fees,
charges and expenses of the
Trustee and of the trusts created by
said Deed of Trust. If required by
the provi-sions of section 2923.5
of the California Civil Code, the
declaration from the mortgagee,
beneficiary or authorized agent is
attached to the Notice of Trustee’s
Sale duly recorded with the appropriate County Recorder’s Office.
DATED: 11/27/2010 RECONTRUST
COMPANY, N.A. 1800 Tapo Canyon
Rd., CA6-914-01-94 SIMI VALLEY,
CA 93063 Phone/Sale Information:
(800) 281 8219 By: Trustee’s Sale
Officer RECONTRUST COMPANY,
N.A. is a debt collector attempting
to collect a debt. Any information obtained will be used for that
purpose. FEI # 1006.118203 11/29,
12/06, 12/13/2010
11-29-10
NOTICE OF TRUSTEE’S SALE TS
No. 10-0104517 Title Order No.
10-8-400399 APN No. 447-57311-03 YOU ARE IN DEFAULT
UNDER A DEED OF TRUST, DATED
06/05/2006. UNLESS YOU TAKE
ACTION TO PROTECT YOUR
PROPERTY, IT MAY BE SOLD AT
A PUBLIC SALE. IF YOU NEED AN
EXPLANATION OF THE NATURE
OF THE PROCEEDING AGAINST
YOU, YOU SHOULD CONTACT A
LAWYER.” Notice is hereby given
that RECONTRUST COMPANY,
N.A., as duly ap-pointed trustee
pursuant to the Deed of Trust
executed by BILLY R BLACKMON,
AN UNMARRIED MAN, dated
06/05/2006 and recorded 06/13/06,
as Instrument No. 2006-0417497,
in Book , Page 10578), of Official
Records in the office of the County
Recorder of San Diego County,
DIGITAL EDITION USER GUIDE
%FDFNCFS
5PQMBDFBOBEDPOUBDU.BMMPSZ#VMMBSEBU
State of California, will sell on
12/27/2010 at 10:00AM, At the
South entrance to the County
Courthouse, 220 West Broadway,
San Diego at public auction, to the
highest bidder for cash or check
as described below, payable in
full at time of sale, all right, title,
and interest conveyed to and now
held by it under said Deed of Trust,
in the property situated in said
County and State and as more fully
described in the above referenced
Deed of Trust. The street address
and other common designation, if
any of the real property described
above is purported to be: 4184
33RD STREET #3, SAN DIEGO, CA,
92104. The undersigned Trustee
disclaims any liability for any incorrectness of the street address and
other common designation, if any,
shown herein. The total amount of
the unpaid balance with interest
thereon of the obligation secured
by the property to be sold plus reasonable estimated costs, expenses
and advances at the time of the initial publication of the Notice of Sale
is $314,744.97. It is possible that
at the time of sale the opening bid
may be less than the total indebtedness due. In addition to cash, the
Trustee will accept cashier’s checks
drawn on a state or national bank,
a check drawn by a state or federal
credit union, or a check drawn by
a state or federal savings and loan
association, savings association, or
savings bank specified in Section
5102 of the Financial Code and
authorized to do business in this
state. Said sale will be made, in
an “AS IS” condition, but without
covenant or warranty, express or
implied, regarding title, possession
or encumbrances, to satisfy the indebtedness secured by said Deed
of Trust, advances thereunder, with
interest as provided, and the unpaid principal of the Note secured
by said Deed of Trust with interest
thereon as provided in said Note,
plus fees, charges and expenses of
the Trustee and of the trusts created by said Deed of Trust. If required
by the provisions of section 2923.5
of the California Civil Code, the
declaration from the mortgagee,
beneficiary or authorized agent is
attached to the Notice of Trustee’s
Sale duly recorded with the appropriate County Recorder’s Office.
DATED: 11/28/2010 RECONTRUST
COMPANY, N.A. 1800 Tapo Canyon
Rd., CA6-914-01-94 SIMI VALLEY,
CA 93063 Phone/Sale Information:
(800) 281 8219 By: Trustee’s Sale
Officer RECONTRUST COMPANY,
N.A. is a debt collector attempting
to collect a debt. Any information obtained will be used for that
purpose. FEI # 1006.118382 11/29,
12/06, 12/13/2010
11-29-10
NOTICE OF APPLICATION
TO SELL ALCOHOLIC
BEVERAGES
––––––––
FILED: November 4, 2010
To Whom It May Concern:
FISH BOUTIQUE LLC. The applicants listed above is applying to the
Department of Alcoholic Beverage
Control, 334 Via Vera Cruz, Ste. 204,
San Marcos, CA 92078 , to sell alcoholic beverages at: 9842 HIBERT ST.
G6, SAN DIEGO, CA 92131-1088.
Type of license(s) Applied for:
41 – ON-SALE BEER AND WINE
- EATING PLACE
11-29-10
FICTITIOUS BUSINESS
NAME STATEMENT
––––––––
File No. 2010-031338
FICTITIOUS BUSINESS NAME:
Ambulatory Care Sleep Center
5225 Kearny Villa Way
San Diego, CA 92123
THIS BUSINESS IS HEREBY
REGISTERED BY THE FOLLOWING:
Ambulatory Care Surgical Center
Inc.
5225 Kearny Villa Way
San Diego, CA 92123
California
THIS BUSINESS IS CONDUCTED BY:
A corporation
THE FIRST DAY OF BUSINESS WAS:
Not yet started
THIS STATEMENT WAS FILED
WITH DAVID L. BUTLER,
RECORDER/COUNTY CLERK OF
SAN DIEGO COUNTY ON:
November 22, 2010
11-29-10
FICTITIOUS BUSINESS
NAME STATEMENT
––––––––
File No. 2010-029155
FICTITIOUS BUSINESS NAME:
Bellissima Active Wear
1835 Beryl St.
San Diego, CA 92109
THIS BUSINESS IS HEREBY
REGISTERED BY THE
FOLLOWING:
Jonathan Burke
1835 Beryl St.
San Diego, CA 92109
THIS BUSINESS IS CONDUCTED BY:
An Individual
THE FIRST DAY OF BUSINESS WAS:
October 28, 2010
THIS STATEMENT WAS FILED
WITH DAVID BUTLER, RECORDER/COUNTY CLERK OF SAN
DIEGO COUNTY ON: Oct. 28, 2010
11-29-10
NOTICE OF TRUSTEE’S SALE TS
No. 10-0106167 Title Order No.
10-8-406833 APN No. 533-36416-42 YOU ARE IN DEFAULT
UNDER A DEED OF TRUST, DATED
11/17/2004. UNLESS YOU TAKE
ACTION TO PROTECT YOUR
PROPERTY, IT MAY BE SOLD AT
A PUBLIC SALE. IF YOU NEED AN
EXPLANATION OF THE NATURE
OF THE PROCEEDING AGAINST
YOU, YOU SHOULD CONTACT A
LAWYER.” Notice is hereby given
that RECONTRUST COMPANY,
N.A., as duly appointed trustee pursuant to the Deed of Trust executed
by ANGELA LYUBARSKY, A SINGLE WOMAN, dated 11/17/2004
and recorded 11/30/04, as Instrument No. 2004-1126644, in Book ,
Page 40671), of Official Records in
the office of the County Recorder
of San Diego County, State of
California, will sell on 01/03/2011 at
10:00AM, At the South entrance to
the County Courthouse, 220 West
Broadway, San Diego at public
auction, to the highest bidder for
cash or check as described below,
payable in full at time of sale, all
right, title, and interest conveyed to
and now held by it under said Deed
of Trust, in the property situated
in said County and State and as
more fully described in the above
referenced Deed of Trust. The
street address and other common
designation, if any of the real property described above is purported
to be: 1501 FRONT STREET, UNIT
#544, SAN DIEGO, CA, 92101. The
undersigned Trustee disclaims any
liability for any incorrectness of the
street address and other common
designation, if any, shown herein.
The total amount of the unpaid
balance with interest thereon of
the obligation secured by the
property to be sold plus reasonable
estimated costs, expenses and
advances at the time of the initial
publication of the Notice of Sale
is $263,136.68. It is possible that
at the time of sale the opening bid
may be less than the total indebtedness due. In addition to cash, the
Trustee will accept cashier’s checks
drawn on a state or national bank,
a check drawn by a state or federal
credit union, or a check drawn by
a state or federal savings and loan
association, savings association, or
savings bank specified in Section
5102 of the Financial Code and
authorized to do business in this
state. Said sale will be made, in
an “AS IS” condition, but without
covenant or warranty, express or
implied, regarding title, possession
or encumbrances, to satisfy the indebtedness secured by said Deed
of Trust, advances thereunder, with
interest as provided, and the unpaid principal of the Note secured
by said Deed of Trust with interest
thereon as provided in said Note,
plus fees, charges and expenses of
the Trustee and of the trusts created by said Deed of Trust. If required
by the provisions of section 2923.5
of the California Civil Code, the
declaration from the mortgagee,
beneficiary or authorized agent is
attached to the Notice of Trustee’s
Sale duly recorded with the appropriate County Recorder’s Office.
DATED: 12/04/2010 RECONTRUST
COMPANY, N.A. 1800 Tapo Canyon
Rd., CA6-914-01-94 SIMI VALLEY,
CA 93063 Phone/Sale Information:
(800) 281 8219 By: Trustee’s Sale
Officer RECONTRUST COMPANY,
N.A. is a debt collector attempting
to collect a debt. Any information obtained will be used for that
purpose. FEI # 1006.119267 12/06,
12/13, 12/20/2010
12-03-10
NOTICE OF TRUSTEE’S SALE TS
No. 10-0106180 Title Order No.
10-8-407015 APN No. 424-51007-08 YOU ARE IN DEFAULT
UNDER A DEED OF TRUST, DATED
02/23/2006. UNLESS YOU TAKE
ACTION TO PROTECT YOUR
PROPERTY, IT MAY BE SOLD AT
A PUBLIC SALE. IF YOU NEED AN
EXPLANATION OF THE NATURE
OF THE PROCEEDING AGAINST
YOU, YOU SHOULD CONTACT A
LAWYER.” Notice is hereby given
that RECONTRUST COMPANY,
N.A., as duly appointed trustee
pursuant to the Deed of Trust
executed by ROD A THYBERG, A
SINGLE MAN, dated 02/23/2006
and recorded 03/03/06, as Instrument No. 2006-0149870, in Book ,
Page 3817), of Official Records in
the office of the County Recorder
of San Diego County, State of
California, will sell on 01/03/2011 at
10:00AM, At the South entrance to
the County Courthouse, 220 West
Broadway, San Diego at public
auction, to the highest bidder for
cash or check as described below,
payable in full at time of sale, all
right, title, and interest conveyed to
and now held by it under said Deed
of Trust, in the property situated in
said County and State and as more
fully described in the above referenced Deed of Trust. The street
address and other common designation, if any of the real property
described above is purported to be:
4015 CROWN POINT DRIVE # 108,
SAN DIEGO, CA, 921096210. The
undersigned Trustee disclaims any
liability for any incorrectness of the
street address and other common
designation, if any, shown herein.
The total amount of the unpaid
balance with interest thereon of the
obligation secured by the property to be sold plus reason-able
estimated costs, expenses and
advances at the time of the initial
publication of the Notice of Sale
is $321,571.42. It is possible that
at the time of sale the opening bid
may be less than the total indebtedness due. In addition to cash, the
Trustee will accept cashier’s checks
drawn on a state or national bank,
a check drawn by a state or federal
credit union, or a check drawn by
a state or federal savings and loan
association, savings association, or
savings bank specified in Section
5102 of the Financial Code and
authorized to do business in this
state. Said sale will be made, in
an “AS IS” condition, but without
covenant or warranty, express or
implied, regarding title, possession
or encumbrances, to satisfy the indebtedness secured by said Deed
of Trust, advances thereunder, with
interest as provided, and the unpaid principal of the Note secured
by said Deed of Trust with interest
thereon as provided in said Note,
plus fees, charges and expenses of
the Trustee and of the trusts created by said Deed of Trust. If required
by the provisions of section 2923.5
of the California Civil Code, the
declaration from the mortgagee,
beneficiary or authorized agent is
attached to the Notice of Trustee’s
Sale duly recorded with the appropriate County Recorder’s Office.
DATED: 12/04/2010 RECONTRUST
COMPANY, N.A. 1800 Tapo Canyon
Rd., CA6-914-01-94 SIMI VALLEY,
CA 93063 Phone/Sale Information:
(800) 281 8219 By: Trustee’s Sale
Officer RECONTRUST COMPANY,
N.A. is a debt collector attempting
to collect a debt. Any information obtained will be used for that
purpose. FEI # 1006.119483 12/06,
12/13, 12/20/2010
12-03-10
FICTITIOUS BUSINESS
NAME STATEMENT
––––––––
File No. 2010-031148
FICTITIOUS BUSINESS NAME:
BMC
340 Rancheros Drive, Ste 174
San Marcos, CA 92069
P.O. Box 9878
Boise, ID 83707
THIS BUSINESS IS HEREBY
REGISTERED BY THE
FOLLOWING:
H.N.R. Framing Systems, Inc.
720 Park Blvd., Ste. 200
Boise, ID 83712
California/C1562795
THIS BUSINESS IS CONDUCTED BY:
A corporation
THE FIRST DAY OF BUSINESS WAS:
Not yet started
THIS STATEMENT WAS FILED
WITH DAVID BUTLER, RECORDER/COUNTY CLERK OF SAN
DIEGO COUNTY ON: Nov. 19, 2010
12-03-10
NOTICE OF TRUSTEE’S SALE TS
No. 10-0106143 Title Order No.
10-8-406811 APN No. 449-78038-74 YOU ARE IN DEFAULT
UNDER A DEED OF TRUST, DATED
05/14/2004. UNLESS YOU TAKE
ACTION TO PROTECT YOUR
PROPERTY, IT MAY BE SOLD AT
A PUBLIC SALE. IF YOU NEED AN
EXPLANATION OF THE NATURE
OF THE PROCEEDING AGAINST
YOU, YOU SHOULD CONTACT A
LAWYER.” Notice is hereby given
that RECONTRUST COMPANY,
N.A., as duly appointed trustee
pursuant to the Deed of Trust
executed by PIERRO BRODERICK,
A SINGLE MAN AND CARMINA
PAPER A MARRIED WOMAN
AS HER SOLE AND SEPARATE
PROPERTY AS JOINT TENANTS,
dated 05/14/2004 and recorded
05/24/04, as In-strument No. 20040474568, in Book , Page 14608), of
Official Records in the office ofthe
County Recorder of San Diego
County, State of California, will
sell on 01/03/2011 at 10:00AM, At
the South entrance to the County
Courthouse, 220 West Broadway,
San Diego at public auction, to the
highest bidder for cash or check
as described below, payable in
full at time of sale, all right, title,
and interest conveyed to and now
held by it under said Deed of Trust,
in the property situated in said
County and State and as more fully
described in the above referenced
Deed of Trust. The street address
and other common designation, if any, of the real property
described above is purported to
be: 4012 VALETA STREET UNIT
308, SAN DIEGO, CA, 92110. The
undersigned Trustee disclaims any
liability for any incorrectness of the
street address and other common
designation, if any, shown herein.
The total amount of the unpaid
balance with interest thereon of
the obligation secured by the
property to be sold plus reasonable
estimated costs, expenses and
advances at the time of the initial
publication of the Notice of Sale
is $217,200.72. It is possible that
at the time of sale the opening bid
may be less than the total indebtedness due. In addition to cash, the
Trustee will accept cashier’s checks
drawn on a state or national bank,
a check drawn by a state or federal
credit union, or a check drawn by
a state or federal savings and loan
association, savings association, or
savings bank specified in Section
5102 of the Financial Code and
authorized to do business in this
state. Said sale will be made, in
an ‘’AS IS’’ condition, but without
covenant or warranty, express or
implied, regarding title, possession
or encumbrances, to satisfy the indebtedness secured by said Deed
of Trust, advances thereunder, with
interest as provided, and the unpaid principal of the Note secured
by said Deed of Trust with interest
thereon as provided in said Note,
plus fees, charges and expenses of
the Trustee and of the trusts created by said Deed of Trust. If required
by the provisions of section 2923.5
of the California Civil Code, the
declaration from the mortgagee,
beneficiary or authorized agent is
attached to the Notice of Trustee’s
Sale duly recorded with the appropriate County Recorder’s Office.
DATED: 12/04/2010 RECONTRUST
COMPANY, N.A. 1800 Tapo Canyon
Rd., CA6-914-01-94 SIMI VALLEY,
CA 93063 Phone/Sale Information:
(800) 281 8219 By: Trustee’s Sale
Officer RECONTRUST COMPANY,
N.A. is a debt collector attempting
to collect a debt. Any information obtained will be used for that
pur-pose. FEI# 1006.119479 12/06,
12/13, 12/20/2010
12-03-10
NOTICE OF TRUSTEE’S SALE TS
No. 10-0107096 Title Order No.
10-8-410887 APN No. 427-21010-56 YOU ARE IN DEFAULT
UNDER A DEED OF TRUST, DATED
06/18/2004. UNLESS YOU TAKE
ACTION TO PROTECT YOUR
PROPERTY, IT MAY BE SOLD AT
A PUBLIC SALE. IF YOU NEED AN
EXPLANATION OF THE NATURE
OF THE PROCEEDING AGAINST
YOU, YOU SHOULD CONTACT A
LAWYER. Notice is hereby given
that RECONTRUST COMPANY,
N.A. , as duly appointed trustee
pursuant to the Deed of Trust
executed by DANIEL TSUE, A
MARRIED MAN, AS HIS SOLE
AND SEPARATE PROPERTY dated
06/18/2004 and recorded 06/25/04,
as Instrument No. 2004-0595218,
in Book , Page 3181), of Official
Records in the office of the County
Recorder of San Diego County
State of California, will sell on
01/03/2011 at 10:00AM, At the
South entrance to the County
Courthouse, 220 West Broadway,
%FDFNCFS
DIGITAL EDITION USER GUIDE
4"/%*&(0#64*/&44+063/"-4%#+."3,&51-"$&
LEGALNOTICES
San Diego at public auction to the
highest bidder for cash or check
as described below, payable in
full at time of sale, all right, title,
and interest conveyed to and now
held by it under said Deed of Trust,
in the property situated in said
County and State and as more fully
described in the above referenced
Deed of Trust. The street address
and other common designation, if
any of the real property described
above is purported to be: 7076
PARK MESA WAY #56, SAN DIEGO, CA, 92111. The under-signed
Trustee disclaims any liability for
any incorrectness of the street address and other common designation, if any, shown herein. The total
amount of the unpaid balance with
interest thereon of the obligation
secured by the property to be sold
plus reasonable estimated costs,
expenses and advances at the
time of the initial publication of the
Notice of Sale is $329,365.18. It is
possible that at the time of sale the
opening bid may be less than the
total indebtedness due. In addition
to cash, the Trustee will accept
cashier’s checks drawn on a state
or national bank, a check drawn by
a state or federal credit union, or a
check drawn by a state or federal
savings and loan association, savings associa-tion, or savings bank
specified in Section 5102 of the
Financial Code and authorized to
do busi-ness in this state. Said sale
will be made, in an “AS IS” condition, but with out covenant or warranty, express or implied, regarding
title, possession or encumbrances,
to satisfy the indebtedness secured
by said Deed of Trust, advances
thereunder, with interest at provided, and the unpaid principal of
the Note secured by said Deed
of Trust with interest thereon at
provided in said Note, plus fees,
charges and expenses of the
Trustee and of the trusts created by
said Deed of Trust. If required by
the provi-sions of section 2923.5
of the California Civil Code, the
declaration from the mortgagee,
beneficiary or authorized agent is
attached to the Notice of Trustee’s
Sale duly recorded with the appropriate County Recorder’s Office.
DATED: 12/04/2010 RECONTRUST
COMPANY, N.A. 1800 Tapo Canyon
Rd., CA6-914-01-94 SIMI VALLEY,
CA 93063 Phone/Sale Information:
(800) 281 8219 By: Trustee’s Sale
Officer RECONTRUST COMPANY
N.A., is a debt collector attempting
to collect a debt. Any information
obtained will be used for that purpose. FEI # 1006.118778 12/06,
12/13, 12/20/2010
12-03-10
NOTICE OF TRUSTEE’S SALE TS
No. 10-0111021 Title Order No.
10-8-416554 APN No. 359-36225-00 YOU ARE IN DEFAULT
UNDER A DEED OF TRUST, DATED
10/28/2004. UNLESS YOU TAKE
ACTION TO PROTECT YOUR
PROPERTY, IT MAY BE SOLD AT
A PUBLIC SALE. IF YOU NEED AN
EXPLANATION OF THE NATURE
OF THE PROCEEDING AGAINST
YOU, YOU SHOULD CONTACT A
LAWYER. Notice is hereby given
that RECONTRUST COMPANY,
N.A. , as duly appointed trustee
pursuant to the Deed of Trust
executed by BLADIMIRO BAEZ,
A MARRIED MAN, AS HIS SOLE
AND SEPARATE PROPERTY.
dated 10/28/2004 and recorded
11/04/04, as Instrument No. 20041049540, in Book , Page 17901),
of Official Records in the office of
the County Recorder of San Diego
County State of California, will
sell on 01/03/2011 at 10:00AM, At
the South entrance to the County
Courthouse, 220 West Broadway,
San Diego at public auction to the
highest bidder for cash or check
as described below, payable in full
at time of sale, all right, title, and
interest con-veyed to and now
held by it under said Deed of Trust,
in the property situated in said
County and State and as more fully
described in the above referenced
Deed of Trust. The street address
and other common designation, if
any of the real property described
above is purported to be: 3404
IDLEWILD WAY, SAN DIEGO, CA,
92117. The undersigned Trustee
disclaims any liability for any incorrectness of the street address and
other common designation, if any,
shown herein. The total amount of
the unpaid balance with interest
thereon of the obligation secured
by the property to be sold plus reasonable estimated costs, expenses
and advances at the time of the ini-
tial publication of the Notice of Sale
is $384,060.42. It is possible that
at the time of sale the opening bid
may be less than the total indebtedness due. In addition to cash, the
Trustee will accept cashier’s checks
drawn on a state or national bank,
a check drawn by a state or federal
credit union, or a check drawn by
a state or federal savings and loan
associa-tion, savings association, or savings bank specified in
Section 5102 of the Financial Code
and authorized to do business in
this state. Said sale will be made, in
an “AS IS” condition, but with out
covenant or warranty, express or
implied, regarding title, possession
or encumbrances, to satisfy the indebtedness secured by said Deed
of Trust, advances thereunder, with
interest at provided, and the unpaid
principal of the Note secured by
said Deed of Trust with interest
thereon at provided in said Note,
plus fees, charges and expenses of
the Trustee and of the trusts created by said Deed of Trust. If required
by the provisions of section 2923.5
of the California Civil Code, the
declaration from the mortgagee,
beneficiary or authorized agent is
attached to the Notice of Trustee’s
Sale duly recorded with the appropriate County Recorder’s Office.
DATED: 12/04/2010 RECONTRUST
COMPANY, N.A. 1800 Tapo Canyon
Rd., CA6-914-01-94 SIMI VALLEY,
CA 93063 Phone/Sale Information:
(800) 281 8219 By: Trustee’s Sale
Officer RECONTRUST COMPANY
N.A., is a debt collector attempting
to collect a debt. Any information obtained will be used for that
purpose. FEI # 1006.120028 12/06,
12/13, 12/20/2010
12-03-10
NOTICE OF TRUSTEE’S SALE TS
No. 10-0111274 Title Order No.
10-8-417075 APN No. 312-26219-00 YOU ARE IN DEFAULT
UNDER A DEED OF TRUST, DATED
05/03/2006. UNLESS YOU TAKE
ACTION TO PROTECT YOUR
PROPERTY, IT MAY BE SOLD AT
A PUBLIC SALE. IF YOU NEED AN
EXPLANATION OF THE NATURE
OF THE PROCEEDING AGAINST
YOU, YOU SHOULD CONTACT A
LAWYER.” Notice is hereby given
that RECONTRUST COMPANY,
N.A., as duly appointed trustee pursuant to the Deed of Trust executed by CHRISTOPHER W BADILLO,
AND MARIA SUSAN BADILLO,
HUSBAND AND WIFE AS JOINT
TENATNS, dated 05/03/2006 and
recorded 05/11/06, as Instrument
No. 2006-0335191, in Book , Page
16087), of Official Records in
the office of the County Recorder
of San Diego County, State of
California, will sell on 01/03/2011 at
10:00AM, At the South entrance to
the County Courthouse, 220 West
Broadway, San Diego at public
auction, to the highest bidder for
cash or check as described below,
payable in full at time of sale, all
right, title, and interest conveyed
to and now held by it under said
Deed of Trust, in the property
situated in said County and State
and as more fully de-scribed in
the above referenced Deed of
Trust. The street address and other
common designa-tion, if any, of the
real property described above is
purported to be: 16227 PALOMINO
MESA PLACE, SAN DIEGO, CA,
92127. The under-signed Trustee
disclaims any liability for any
incorrectness of the street address
and other common designation,
if any, shown herein. The total
amount of the unpaid balance with
interest thereon of the obligation
secured by the property to be sold
plus reasonable estimated costs,
expenses and advances at the
time of the initial publication of the
Notice of Sale is $765,846.56. It is
possible that at the time of sale the
opening bid may be less than the
total indebtedness due. In addition
to cash, the Trustee will accept
cashier’s checks drawn on a state
or national bank, a check drawn by
a state or federal credit union, or a
check drawn by a state or federal
savings and loan association, savings association, or savings bank
specified in Section 5102 of the Financial Code and authorized to do
business in this state. Said sale will
be made, in an ‘’AS IS’’ condition,
but without covenant or warranty,
express or implied, regarding title,
possession or encumbrances, to
satisfy the indebtedness secured
by said Deed of Trust, advances
thereunder, with interest as provided, and the unpaid principal of the
Note secured by said Deed of Trust
www.sdbj.com
1BHF
12463 Rancho Bernardo Rd. #129
San Diego, CA 92128
California
THIS BUSINESS IS CONDUCTED BY:
A Corporation
THE FIRST DAY OF BUSINESS WAS:
11/23/10
THIS STATEMENT WAS FILED
WITH DAVID BUTLER,
RECORDER/COUNTY CLERK OF
SAN DIEGO COUNTY ON:
Dec. 1, 2010
12-03-10
6561 Malcolm Dr.
San Diego, CA 92115
THIS BUSINESS IS HEREBY
REGISTERED BY THE
FOLLOWING:
Sean Capshaw
6561 Malcolm Dr.
San Diego, CA 92115
Katy Capshaw
6561 Malcolm Dr.
San Diego, CA 92115
THIS BUSINESS IS CONDUCTED BY:
Husband and Wife
THE FIRST DAY OF BUSINESS WAS:
5-7-05
THIS STATEMENT WAS FILED
WITH DAVID BUTLER,
RECORDER/COUNTY CLERK OF
SAN DIEGO COUNTY ON:
Dec. 07, 2010
12-13-10
5PQMBDFBOBEDPOUBDU.BMMPSZ#VMMBSEBU
with interest thereon as provided
in said Note, plus fees, charges
and expenses of the Trustee and of
the trusts created by said Deed of
Trust. If required by the provi-sions
of section 2923.5 of the California
Civil Code, the declaration from
the mortgagee, beneficiary or
authorized agent is attached to
the Notice of Trustee’s Sale duly
recorded with the appropriate
County Recorder’s Office. DATED:
12/04/2010 RECONTRUST COMPANY, N.A. 1800 Tapo Canyon Rd.,
CA6-914-01-94 SIMI VALLEY, CA
93063 Phone/Sale Information:
(800) 281 8219 By: Trustee’s Sale
Officer RECONTRUST COMPANY,
N.A. is a debt collector attempting
to collect a debt. Any information obtained will be used for
that purpose. FEI# 1006.118794
12/06,12/13, 12/20/2010
FICTITIOUS BUSINESS
NAME STATEMENT
––––––––
File No. 2010-031416
FICTITIOUS BUSINESS NAME:
The Village at 631
631 9th Ave.
San Diego, CA 92101
THIS BUSINESS IS HEREBY
REGISTERED BY THE
FOLLOWING:
What Goes Around, LLC
631 9th Ave.
San Diego, CA 92101
California
THIS BUSINESS IS CONDUCTED BY:
A Limited Liability Company
THE FIRST DAY OF BUSINESS WAS:
Not yet started
THIS STATEMENT WAS FILED
WITH DAVID BUTLER, RECORDER/COUNTY CLERK OF SAN
DIEGO COUNTY ON: Nov. 23, 2010
12-03-10
FICTITIOUS BUSINESS
NAME STATEMENT
––––––––
File No. 2010-030026
FICTITIOUS BUSINESS NAME:
The Bankruptcy Professionals
San Diego Bankruptcy
Professionals
4025 Camino del Rio South, #300
San Diego, CA 92108
P.O. Box 121111
San Diego, CA 92112-1111
THIS BUSINESS IS HEREBY
REGISTERED BY THE
FOLLOWING:
Davis and Stadtmueller, LLP
4025 Camino del Rio South,
Suite 300
San Diego, CA 92108
California
THIS BUSINESS IS CONDUCTED BY:
Limited Liability Partnership
THE FIRST DAY OF BUSINESS WAS:
April 1, 2010
THIS STATEMENT WAS FILED
WITH DAVID BUTLER,
RECORDER/COUNTY CLERK OF
SAN DIEGO COUNTY ON:
Nov. 8, 2010
12-03-10
FICTITIOUS BUSINESS
NAME STATEMENT
––––––––
File No. 2010-032030
FICTITIOUS BUSINESS NAME:
FocalPoint Business Coaching
12463 Rancho Bernardo Rd. #129
San Diego, CA 92128
THIS BUSINESS IS HEREBY
REGISTERED BY THE
FOLLOWING:
Shaw Creative Works, Inc.
FICTITIOUS BUSINESS
NAME STATEMENT
––––––––
File No. 2010-030628
FICTITIOUS BUSINESS NAME:
Set It Up Chef!
8817 Spectrum Ctr. Blvd.
Apt. 1308
San Diego, CA 92123
THIS BUSINESS IS HEREBY
REGISTERED BY THE
FOLLOWING:
Thelma Cox
8817 Spectrum Ctr. Blvd.
Apt. 1308
San Diego, CA 92123
THIS BUSINESS IS CONDUCTED BY:
An Individual
THE FIRST DAY OF BUSINESS WAS:
Not yet started
THIS STATEMENT WAS FILED
WITH DAVID BUTLER,
RECORDER/COUNTY CLERK OF
SAN DIEGO COUNTY ON:
Nov. 15, 2010
FICTITIOUS BUSINESS
NAME STATEMENT
––––––––
File No. 2010-032614
FICTITIOUS BUSINESS NAME:
Resolusean
FICTITIOUS BUSINESS
NAME STATEMENT
––––––––
File No. 2010-032357
FICTITIOUS BUSINESS NAME:
Technical Website Design
2276 Finch Lane
San Diego, CA 92123
THIS BUSINESS IS HEREBY
REGISTERED BY THE
FOLLOWING:
Jim Sanfilippo
2276 Finch Lane
San Diego, CA 92123
THIS BUSINESS IS CONDUCTED BY:
An Individual
THE FIRST DAY OF BUSINESS WAS:
3-14-05
THIS STATEMENT WAS FILED
WITH DAVID BUTLER,
RECORDER/COUNTY CLERK OF
SAN DIEGO COUNTY ON:
Dec. 06, 2010
12-13-10
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Call Mallory Bullard
858-277-6359
1BHF
4"/%*&(0#64*/&44+063/"-
www.sdbj.com
Top Multifamily Sales
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TAMARACK SHORES
HILLCREST PLACE
MARTINIQUE APARTMENTS
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October 2010 • Ranked by sale price
Data provided by:
FLOWER FIELDS
CANYON HILLS
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MARINERS VILLAGE APARTMENTS
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545 PARK WAY
4136 LOUISIANA ST.
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DIGITAL EDITION USER GUIDE
4117 ALABAMA ST.
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MARKETPLACE
INDEX WATCH
Index
12/7/10 11/30/10 Net Change %Change
San Diego Business Journal Index
1710.95
1652.36
58.59
3.55%
Dow Jones Industrial Average
11359.16 11006.02
353.14
3.21%
S&P 500 Index
1223.75
1180.55
43.20
3.66%
NASDAQ Composite
2598.49
2498.23
100.26
4.01%
MARKET TRENDS
Date
SDBJ
S&P 500
NASDAQ
DJI
12/7/2010
1710.95
1223.75
2598.49
11359.16
11/30/2010
1652.36
1180.55
2498.23
11006.02
11/22/2010
1680.79
1197.84
2532.02
11178.58
11/16/2010
1631.37
1178.34
2469.84
11023.50
11/9/2010
1624.56
1213.40
2562.98
11346.75
11/2/2010
1623.70
1193.57
2533.52
11188.72
10/26/2010
1591.26
1185.64
2497.29
11169.46
10/19/2010
1596.26
1165.90
2436.95
10978.62
TOP GAINERS & LOSERS
Top Dollar Gainers
PriceSmart Inc.
Cymer Inc.
Life Technologies Corp.
Cubic Corp.
Gen-Probe Inc.
4.44
3.78
3.22
2.83
2.45
Top Percentage Gainers
JMAR Technologies Inc.
Adventrx Pharmaceuticals Inc.
Overland Storage Inc.
Mentor Capital Inc.
Mad Catz Interactive Inc.
100.00%
31.31%
23.02%
20.00%
18.92%
Top Dollar Losers
NuVasive Inc.
-0.88
Novatel Wireless Inc.
Trius Therapeutics, Inc.
-0.54
-0.44
Sequenom Inc.
Orexigen Therapeutics Inc.
-0.42
-0.32
Top Percentage Losers
Javo Beverage Co. Inc.
Phoenix Footwear Group Inc.
Trius Therapeutics, Inc.
Patriot Scientific Corp.
Axesstel Inc.
-25.00%
-17.86%
-12.72%
-10.00%
-9.09%
Market Recap
Advancers
Decliners
Unchanged
4"/%*&(0#64*/&44+063/"-
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21
9
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NASD
NASD
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NASD
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NYSE
NYSE
NASD
NASD
NASD
NYSE
NASD
NASD
NYSE
OTC
OTC
NASD
NASD
NASD
NASD
NASD
OTC
FPBN.PK
ACAD
ACCL
ANX
ALDA.PK
ATEC
AHS
AMLN
ANDS
ARNA
AXST.OB
BOFI
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BPI
CADX
ELY
CXM
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DXCM
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ENTR
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GXDX
GPRO
HALO
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IWSY.PK
IMPCQ.PK
IFON
INO
ISIS
JACK
JAVO.OB
JMAR.PK
KTOS
LJPC.PK
LEAP
LIFE
LGNDD
LRAD
MCZ
MXL
MXWL
MNOV
MNTR.PK
MITI
NGEN.PK
NAII
NBIX
NVTL
NTN
NUVA
OPTR
OREX
OVRL
PACW
PTSC.OB
PXG
PICO
PSMT
PURE
QCOM
QDEL
O
RMD
RFIL
ROYL
SNTS
SRE
SNMX
SQNM
SLH
SHSO.PK
TDLP.OB
TSRX
VSAT
VICL
WDFC
WBSN
XNNH.OB
COMPANY NAME
1ST PACIFIC BANCORP
ACADIA PHARMACEUTICALS INC.
ACCELRYS INC.
ADVENTRX PHARMACEUTICALS INC.
ALDILA INC.
ALPHATECH HOLDINGS INC.
AMN HEALTHCARE SERVICES INC.
AMYLIN PHARMACEUTICALS INC.
ANADYS PHARMACEUTICALS INC.
ARENA PHARMACEUTICALS INC.
AXESSTEL INC.
B OF I HOLDING INC.
BIOMED REALTY TRUST INC.
BRIDGEPOINT EDUCATION INC.
CADENCE PHARMACEUTICALS INC.
CALLAWAY GOLF CO.
CARDIUM THERAPEUTICS INC.
CAREFUSION CORP.
COHU INC.
CUBIC CORP.
CYMER INC.
CYPRESS BIOSCIENCES INC.
DEI HOLDINGS INC.
DEXCOM INC.
DIGIRAD CORP.
DOT HILL SYSTEMS CORP.
ENCORE CAPITAL GROUP INC.
ENTROPIC COMMUNICATIONS INC.
EXCEL TRUST INC.
FIRST PACTRUST BANCORP INC.
GENOPTIX INC.
GEN-PROBE INC.
HALOZYME THERAPEUTICS
HARBOR BIOSCIENCES INC.
ILLUMINA INC.
IMAGEWARE SYSTEMS INC.
IMPERIAL CAPITAL BANCORP INC.
INFOSONICS CORP.
INOVIO BIOMEDICAL CORP.
ISIS PHARMACEUTICALS INC.
JACK IN THE BOX INC.
JAVO BEVERAGE CO. INC.
JMAR TECHNOLOGIES INC.
KRATOS DEFENSE & SECURITY SOLUTIONS INC.
LA JOLLA PHARMACEUTICAL CO.
LEAP WIRELESS INTERNATIONAL INC.
LIFE TECHNOLOGIES CORP.
LIGAND PHARMACEUTICALS INC.
LRAD CORP.
MAD CATZ INTERACTIVE INC.
MAXLINEAR INC.
MAXWELL TECHNOLOGIES INC.
MEDICINOVA INC.
MENTOR CAPITAL INC.
MICROMET INC.
NANOGEN INC.
NATURAL ALTERNATIVES INTERNATIONAL INC.
NEUROCRINE BIOSCIENCES INC.
NOVATEL WIRELESS INC.
NTN BUZZTIME INC.
NUVASIVE INC.
OPTIMER PHARMACEUTICALS INC.
OREXIGEN THERAPEUTICS INC.
OVERLAND STORAGE INC.
PACWEST BANCORP
PATRIOT SCIENTIFIC CORP.
PHOENIX FOOTWEAR GROUP INC.
PICO HOLDINGS INC.
PRICESMART INC.
PURE BIOSCIENCE
QUALCOMM INC.
QUIDEL CORP.
REALTY INCOME CORP.
RESMED INC.
RF INDUSTRIES LTD.
ROYALE ENERGY INC.
SANTARUS INC.
SEMPRA ENERGY
SENOMYX INC.
SEQUENOM INC.
SOLERA HOLDINGS INC.
SOUND HEALTH SOLUTIONS
TRANSDEL PHARMACEUTICALS INC.
TRIUS THERAPEUTICS, INC.
VIASAT INC.
VICAL INC.
WD-40 CO.
WEBSENSE INC.
XENONICS HOLDINGS INC.
Note: Shares outstanding and market capitalization are listed in thousands.
PRICE
PRICE
NET
12/7/2010 11/30/2010 CHANGE
0.01
0.73
8.50
2.60
4.60
2.16
5.50
12.85
1.03
1.41
0.10
14.19
17.88
16.50
7.76
8.34
0.44
23.43
15.27
48.46
41.85
4.06
0.87
12.16
2.03
1.77
20.06
10.27
11.70
12.54
17.40
54.31
7.59
0.15
62.23
0.45
0.01
0.73
1.14
9.61
21.29
0.03
0.01
10.91
0.03
11.11
53.03
8.60
2.61
0.88
11.08
17.71
5.42
0.72
7.60
0.01
6.84
7.88
9.27
0.35
22.48
9.79
4.87
1.55
18.87
0.09
0.23
30.06
38.01
2.23
48.47
13.58
34.06
33.12
6.25
2.22
2.78
50.94
5.84
6.44
50.23
0.01
0.80
3.02
43.24
1.88
39.90
21.31
0.45
0.01
0.67
8.40
1.98
4.75
2.25
5.60
12.82
1.07
1.45
0.11
13.48
17.63
15.30
7.17
7.66
0.46
22.87
14.48
45.63
38.07
3.98
0.83
11.27
2.15
1.78
18.59
8.94
11.56
12.00
17.07
51.86
6.94
0.14
60.12
0.44
0.01
0.72
1.18
9.44
20.11
0.04
0.00
10.57
0.03
10.89
49.81
8.44
2.62
0.74
10.74
16.17
4.88
0.60
7.33
0.01
6.85
7.28
9.81
0.35
23.36
9.47
5.19
1.26
17.00
0.10
0.28
28.55
33.57
2.15
46.82
13.21
34.05
31.95
6.12
2.09
2.76
50.09
5.64
6.86
48.00
0.01
0.79
3.46
41.36
1.96
39.09
20.73
0.39
0.00
0.06
0.10
0.62
-0.15
-0.09
-0.10
0.03
-0.04
-0.04
-0.01
0.71
0.25
1.20
0.59
0.68
-0.02
0.56
0.79
2.83
3.78
0.08
0.04
0.89
-0.12
-0.01
1.47
1.33
0.14
0.54
0.33
2.45
0.65
0.01
2.11
0.01
0.00
0.01
-0.04
0.17
1.18
-0.01
0.01
0.34
0.00
0.22
3.22
0.16
-0.01
0.14
0.34
1.54
0.54
0.12
0.27
0.00
-0.01
0.60
-0.54
0.00
-0.88
0.32
-0.32
0.29
1.87
-0.01
-0.05
1.51
4.44
0.08
1.65
0.37
0.01
1.17
0.13
0.13
0.02
0.85
0.20
-0.42
2.23
0.00
0.01
-0.44
1.88
-0.08
0.81
0.58
0.06
PERCENT
CHANGE
52-WEEK
HIGH
52-WEEK
LOW
0.00%
8.96%
1.19%
31.31%
-3.16%
-4.00%
-1.79%
0.23%
-3.74%
-2.76%
-9.09%
5.27%
1.42%
7.84%
8.23%
8.88%
-4.35%
2.45%
5.46%
6.20%
9.93%
2.01%
4.82%
7.90%
-5.58%
-0.56%
7.91%
14.88%
1.21%
4.50%
1.93%
4.72%
9.37%
7.14%
3.51%
2.27%
0.00%
1.39%
-3.39%
1.80%
5.87%
-25.00%
100.00%
3.22%
0.00%
2.02%
6.46%
1.90%
-0.38%
18.92%
3.17%
9.52%
11.07%
20.00%
3.68%
0.00%
-0.15%
8.24%
-5.50%
0.00%
-3.77%
3.38%
-6.17%
23.02%
11.00%
-10.00%
-17.86%
5.29%
13.23%
3.72%
3.52%
2.80%
0.03%
3.66%
2.12%
6.22%
0.72%
1.70%
3.55%
-6.12%
4.65%
0.00%
1.27%
-12.72%
4.55%
-4.08%
2.07%
2.80%
15.38%
1.45
2.00
8.60
13.00
7.00
7.62
10.00
24.21
3.24
8.00
0.15
19.27
19.50
27.50
10.91
10.19
0.84
30.08
17.11
48.52
41.95
6.28
1.00
14.47
3.21
2.15
24.09
10.35
13.72
13.90
39.00
53.80
9.11
0.82
63.25
0.99
0.10
1.60
1.55
11.82
26.37
0.21
0.02
15.56
0.32
19.21
56.19
14.80
3.10
0.97
19.50
19.20
9.00
1.89
8.98
0.05
8.58
8.69
11.53
0.74
46.83
13.86
8.88
3.52
24.98
0.26
0.71
39.49
35.63
3.74
49.80
15.63
35.97
35.33
7.40
3.24
5.67
57.18
5.88
8.65
53.12
0.04
1.80
5.47
43.09
4.12
41.45
25.28
1.22
0.01
0.65
5.21
1.50
3.47
1.85
4.14
9.51
1.05
1.26
0.05
8.40
13.36
12.75
6.29
5.80
0.30
20.63
11.16
31.26
28.31
2.06
0.32
7.05
1.71
1.01
14.65
2.91
10.77
4.44
13.51
42.00
5.22
0.13
26.87
0.27
0.01
0.50
0.76
7.59
18.42
0.02
0.01
9.27
0.03
9.51
41.10
8.14
0.71
0.33
9.30
10.16
4.44
0.51
5.14
0.01
5.85
2.05
5.46
0.26
22.11
7.68
3.81
0.64
16.56
0.08
0.20
27.18
15.00
1.22
31.63
10.48
25.02
25.04
4.19
1.76
2.09
43.91
2.40
3.82
31.96
0.00
0.43
2.93
26.04
1.74
29.30
16.60
0.17
SHARES
OUTSTANDING
MARKET
CAPITALIZATION
4980
39300
55690
14700
5240
88570
39100
144000
57100
121410
23680
10220
130830
52220
50580
64100
78570
222800
23870
26740
29600
38590
25640
58730
19160
55330
23930
84040
15660
4190
17610
48210
100430
35460
125040
23240
5430
14180
104210
99230
52900
301640
58200
18560
94700
78290
186730
19610
30610
55100
31350
26590
12400
1820
81000
84200
7110
54860
31640
60230
39430
39080
47580
10950
35350
408160
8170
22700
29900
36960
1620000
28510
110700
151000
2850
10240
58820
240050
38890
76330
70250
3480
15930
23580
41060
71620
16730
41760
25510
49.8
28689
473365
38220
24104
191311.2
215050
1850400
58813
171188.1
2368
145021.8
2339240.4
861630
392500.8
534594
34570.8
5220204
364494.9
1295820.4
1238760
156675.4
22306.8
714156.8
38894.8
97934.1
480035.8
863090.8
183222
52542.6
306414
2618285.1
762263.7
5319
7781239.2
10458
54.3
10351.4
118799.4
953600.3
1126241
9049.2
582
202489.6
2841
869801.9
9902291.9
168646
263246
143811
27588
294617.2
67208
1310.4
615600
842
48632.4
432296.8
293302.8
21080.5
886386.4
382593.2
231714.6
16972.5
667054.5
36734.4
1879.1
682362
1136499
82420.8
78521400
387165.8
3770442
5001120
17812.5
22732.8
163519.6
12228147
227117.6
491565.2
3528657.5
34.8
12744
71211.6
1775434.4
134645.6
667527
889905.6
11479.5
Source: Trade Trends Inc. 303-665-5881
1BHF
4"/%*&(0#64*/&44+063/"-
www.sdbj.com
DIGITAL EDITION USER GUIDE
%FDFNCFS
Ocean Discovery Institute Opens Up World of Learning for Young People
their communities by “rounding up” their
checks to the nearest dollar and donating
the remaining change to charities identified by the Orange County Community
Foundation. Some $10,000 went to San
Diego Food Bank and $50,000 went to
Operation Homefront, which assists
troops, wounded warriors and their families, many in San Diego County … St.
Paul’s Senior Homes & Services hosted a
comfort care drive for homeless veterans
to benefit Veterans Village of San Diego
Nov. 1-11. The comfort packages are
being given to homeless veterans over the
holidays … San Diego Gas & Electric
was recognized by PA Consulting Group
as the recipient of the Reliability One
2010 National Award for Outstanding
Reliability Performance. “It’s a tremendous honor to be recognized as a national leader for our reliability,” said David
Geier, vice president of electric operations for SDG&E … Dr. David Chad-
Ocean Discovery
Institute held its
annual Bubble Up!
Gala at CalIT2 and
Warren Mall, UC
San Diego on Nov.
6. The gala raised
$160,000 which
will fund tuitionKUDOS/GIVING
free programs that
Joyce Glazer
educate youth from
urban and diverse backgrounds through
science-based exploration of the ocean
and nature, preparing young people to
be scientific and environmental leaders. Sponsors included Gen-Probe; Cox
Communications; Boeing; Procopio,
Cory, Hargreaves & Savitch LLP; and
Life Technologies … Several San Diego
nonprofit organizations benefited from
Yard House and Round It Up America’s
first granting ceremony. The program
gives guests the option to give back to
INDEX
5IFTFJOEFYFTMJTUUIFQFPQMFCVTJOFTTFT
BTTPDJBUJPOTPSHBOJ[BUJPOTFUDUIBUBSF
OBNFEJOUIJTXFFLTJTTVF5IFOVNCFST
SFGFSUPUIFQBHFPOXIJDIUIFOBNFJTGPVOE
PEOPLE
Christina Aguilera....................................16, 28
Allison Alberts...............................................38
Steve Altman.................................................37
Philip Anschutz ...............................................5
Kit Ashley......................................................35
Randy M. Ataide..............................................5
Gary Barberio..................................................6
John Bernardy...............................................35
John Robert Beyster .....................................27
Scott Boulette ...............................................17
Charles Brandes......................................16, 28
Tanya Brandes...............................................28
Paula Brock.....................................................5
Marc Brutten .................................................12
Warren Buffett.........................................16, 26
Terrence Burgess ..........................................37
Ramon Cabrera ...............................................4
Dale Carnegie................................................26
Reo Carr..........................................................3
ORGANIZATIONS
A
A&P Drywall Inc............................................35
A123 Systems Inc.........................................27
Aanderaa Data Instruments.............................4
Aaron Price Fellows Program........................22
Acon Investments LLC ..................................12
AEG.................................................................5
Agilent...........................................................12
Allianz Global Investors.................................17
Amaranth Advisors .......................................38
American Assets Inc. ....................................22
American Cancer Society Inc. .........................8
American City Business Journals Inc. .............3
American Housing Guild ...............................26
American Medical Association ......................46
American Quarter Horse
Political Action Committee ............................17
Avalon Capital Group Inc...............................17
B
Bank of America............................................16
Barnhart Balfour Beatty.................................35
Baxter International Inc.................................26
Berkeley’s College of Engineering .................27
Beyster Institute............................................27
BioAtla LLC ...................................................22
BioDuro LLC .................................................22
Biomatrica.....................................................38
Biomimicry Bridge ..........................................5
BMC Software Inc. ........................................17
Boeing...........................................................46
Boston Latin School......................................20
Boston Red Sox ............................................17
Boys & Girls Clubs of San Dieguito...............26
BP .................................................................16
Brandes Investment Partners .................16, 28
BridgeWest LLC ......................................22, 28
Brookfield Homes ...........................................6
Bucknell University .......................................16
Building Industry
Association of San Diego County ..................38
C
California Public Utilities Commission ..........10
California State University, Fresno ................22
CalIT2............................................................46
Callaway Golf Co. ..........................................36
CardioNet ......................................................27
Carrier Johnson + Culture .......................37, 38
Case Western Reserve University .................26
Cassidy Turley/BRE Commercial ...................35
CBS.................................................................3
CCA/Architects ..............................................35
Centre City Development Corp. .................5, 37
Chadwick Center for Children & Families ......46
Charmilles Technologies ...............................12
Chevron Corp................................................16
Children’s Aid Society ...................................22
Chipotle Mexican Grill .....................................7
Citibank.........................................................15
City of San Diego ....................................37, 38
City of San Marcos........................................10
CleanTECH San Diego ...................................38
Coca-Cola......................................................36
College of William & Mary ............................20
Computer Sciences Corp. .............................22
ConAm Group of Cos. ...................................22
Gordon Carrier ..............................................38
David Chadwick.............................................46
Helen Cheng..................................................38
Kevin Claudio ................................................10
Dan Cloer ......................................................17
Uriel Cohen ...................................................35
David C. Copley.............................................15
Genevieve Craig ............................................22
Dave Creek....................................................35
Dan Curley ....................................................35
Dick Daniels ..................................................47
Peter Dansky.................................................36
Susan Davis ..................................................10
David Deutsch...............................................38
Matthew Difrisco...........................................36
Kim Doran.....................................................36
Marko Dragovic.............................................35
Dan Dredla ......................................................8
Steve Elgar......................................................4
Marti Emerald ...............................................12
Daniel J. Epstein ...........................................22
Connect.........................................................38
Construction Industry Research Board ...........6
Convergent Inc..............................................35
Copley Press .................................................15
Cornell University..........................................16
Costco Wholesale Corp...........................12, 22
County of San Diego .....................................10
Cox Communications....................................46
Cubic Corp. ...................................................20
D
D.R. Horton Inc...............................................6
Dallas Cowboys.............................................17
Daphne’s Greek Café .......................................7
Del Mar Thoroughbred Club..........................22
Delphi Private Advisors.................................26
Direct TV .......................................................36
DoubleTree Hotel San Diego-Mission Valley....3
E
eMachines.....................................................17
Equity Residential .........................................37
Ernst & Young...............................................22
Escondido City Council .................................47
Eta Kappa Nu ................................................27
F
Facebook.........................................................7
Far East National Bank ..................................35
Farrell Family Foundation ..............................26
Federal Deposit Insurance Corp. ...................11
Feeding America San Diego ..........................46
Fermanian Business & Economic Institute......5
Fife Batteries Ltd. ............................................9
Forbes.....................................................16, 28
Forbes.com ...................................................26
Foundation for Enterprise Development........27
Fox & Co. ........................................................3
G
Gafcon Inc.....................................................35
Gateway ........................................................17
Gen-Probe Inc...............................................46
General Atomics............................................27
General Coatings Corp. .................................35
General Dynamics Convair ............................20
Goldman Sachs Group Inc. ...........................11
Google ..........................................................26
GratitudeGiftBags.com..................................10
Gulf Oil L.P. ...................................................27
Gulfstream Aerospace Corp. .........................28
H
Helfers Electric Co.........................................35
Helix Wind Corp. ...........................................10
HOB Entertainment Inc..................................46
HomeFed Bank..............................................36
I
IDEXX Laboratories Inc.................................36
Institute of Electrical and
Electronics Engineers....................................20
Insurance Co. of the West.............................22
Integrity Capital Services ................................3
International Bar Association ........................46
Intuitive Surgical Inc. ......................................8
J
J.H. Cohn LLP.................................................3
J. Simms Agency ..........................................36
Jack in the Box Inc..........................................1
Jacobs School of Engineering...................9, 26
Jacob Tyler Creative Group .............................1
on Main Street in El Cajon. The theme
this year was “A Salute To Heroes!”
The Mother Goose Parade Association’s
mission is to promote higher education
… The Printing Industries Association
hosted its annual Harvest Food Drive
Nov. 15-23. Donations go toward feeding
low-income families, senior citizens and
individuals in San Diego County. The
PIA/SD Sales Club teams with the San
Diego Food Bank on behalf of the printing and graphic arts industry … Feeding
America San Diego received a truckload
of turkeys from The Rose Foundation to
help feed the underserved of San Diego.
Every family served a Thanksgiving Day
meal at the House of Blues also received
a turkey. The Rose Foundation supports
grass-roots initiatives to inspire community action to protect the environment,
consumers and public health.
Please send Kudos and Giving items to
Joyce Glazer at jglazer@sdbj.com.
wick received the Scientific Achievement
Award from the American Medical Association. The award honors outstanding
service to the medical profession. Chadwick is recognized for his commitment
to the protection of abused children.
The bulk of his career has been at Rady
Children’s Hospital-San Diego. He was
recognized for the leadership and work
he did at the Chadwick Center for Children & Families … Natalie Prescott, a
litigation associate at Latham & Watkins,
has been honored by the Young Lawyers’
Committee of the International Bar Association as the winner of its Outstanding Young Lawyer of the Year Award
2010. Prescott, 30, specializes in appellate, insurance and product liability litigation. She is the first woman to receive
the award and the first recipient from
the United States … The 64th Annual
Mother Goose Parade presented by Cox
Communications was held on Nov. 21
Mark Fabiani ...................................................5
Peter C. Farrell ........................................26, 28
Kevin Faulconer.............................................37
Donna Frye....................................................12
John Fuller ......................................................3
Yehudi Gaffen...............................................35
Bill Gates.......................................................16
Melinda Gates ...............................................16
David Geier ...................................................46
Todd Gloria....................................................12
Benjamin Graham .........................................16
Don Grant .....................................................35
Paul Greenwood............................................38
Mark Gresser ..................................................9
Dave Grosch ...................................................3
Mike Hammond.............................................17
Sherman Harmer Jr.......................................37
Virginia Herrera Gonzalez..............................35
Don Higginson ................................................3
Matt Higginson ...............................................3
Ben Hueso.....................................................12
Brad Huys .....................................................35
Trey Ideker ......................................................9
Dianne Jacob ................................................10
Irwin M. Jacobs ......................................16, 28
Joan Jacobs..................................................16
Jon Jacobs......................................................9
Paul E. Jacobs...................................16, 27, 28
George Katakalidis ..........................................7
Joseph E. Kiani .............................................22
Kevin Kibby .....................................................4
Brian Kim ........................................................1
Jason Kimmel ...............................................35
Matt Koart .......................................................6
Les Kollegian...................................................1
Avdo Krzovic .................................................35
David Landes ................................................37
Linda Lang ....................................................36
Aaron Lee......................................................35
George Lee....................................................11
Thomas A. Lewis...........................................12
Isaac Little.....................................................35
Dennis Lombardi...........................................36
Evan Lovell......................................................9
Larry Lucchino..............................................17
Greg Lucier ...................................................36
Alan Magerman.............................................10
Albert McClain.................................................8
Keith McKenzie .............................................26
Armon Mills ....................................................3
Jeff Moorad.............................................28, 47
John J. Moores ......................................15, 16
Rebecca Moores .....................................17, 28
Barbara Nelson .............................................10
Arthur E. Nicholas .........................................17
Catherine Nicholas ........................................17
Richard Omlor.................................................4
Lee Partridge...................................................3
Alexander Pico ..............................................12
Conrad Prebys ........................................15, 20
Natalie Prescott.............................................46
Robert E. Price..............................................22
Michael Purdy ...............................................10
Ernest S. Rady ........................................15, 22
Brad Richter..................................................37
Michael L. Robertson....................................26
Adam Robinson ............................................35
Don Rondeau ................................................35
Jerry Sanders......................................5, 12, 37
Jeannine Savory............................................35
Jesse Schmitt ...............................................35
Peter Schultz...................................................9
Arnold Schwarzenegger ................................10
Junior Seau...................................................20
Marco Sessa ...................................................3
Graham Spanier ............................................47
Alex Spanos ....................................................5
Dean Spanos...................................................5
John Squillace Sr. .........................................35
Joe St. Lucas ..................................................3
Sam Stelletello ..............................................35
Kelly Strickland .............................................35
Tom Sudberry ...............................................38
Darrell Swain...................................................3
Hillary Swank ................................................17
James M. Sweeney .......................................26
Massih Tayebi .........................................22, 28
Masood K. Tayebi....................................22, 28
William Trefethen ............................................7
Darren Tristano ...............................................7
Charlie Van Vechten ........................................1
Andrew J. Viterbi...........................................17
Ruprecht von Buttlar.....................................38
Theodore W. Waitt ........................................17
Chris Ward ......................................................4
Scott Weinbrandt ..........................................10
Brad White ....................................................36
Brian White ...................................................38
Sara Wilensky Napoli ......................................3
Borre Winckel ...............................................38
Tim Winslow .................................................35
Emma Wygod ...............................................22
Martin Wygod ...............................................20
Tony Young ...................................................12
Walter J.Zable ...............................................20
Jenny Craig Inc. ............................................22
Jerome’s Furniture Inc. .................................37
Jewish Community Foundation.....................20
JMI Realty.....................................................16
Johnny Rockets Group Inc..............................3
Junior Achievement ......................................22
Orange County Community Foundation ........46
San Diego Padres........................17, 22 ,28, 47
San Diego Police Foundation ..........................3
San Diego River Park Foundation....................4
San Diego State University......3, 16, 22, 38, 47
San Diego Supercomputer Center.................26
San Diego Symphony..............................16, 26
San Diego Yacht Club....................................26
Scripps College .............................................26
Scripps Foundation for
Medicine and Science ...................................22
Scripps Research Institute ........................9, 17
Scripps Whittier Institute for Diabetes ..........16
Shapell Homes................................................6
Sharp Chula Vista Medical Center ...................8
Shea Homes..................................................38
SIPphone.com ..............................................26
SonTek/YSI .....................................................4
Southwestern College ...................................10
St. Paul’s Senior Homes & Services..............46
Standard Pacific Homes..................................6
State of California..........................................38
State of Israel Bonds campaign ....................22
Stater Bros. Markets .....................................10
Stellar Solar ..................................................10
Stevens Cancer Center ..................................26
Sudberry Properties........................................3
Sunshine Care...............................................35
SuperAmerica ...............................................12
Surfrider Foundation.......................................4
Susan G. Komen for the Cure........................22
UCSD School of Medicine ...............................9
Unilever.........................................................12
United Way....................................................22
University of Liverpool ..................................22
University of Manitoba ..................................22
University of Michigan ..................................27
University of New South Wales .....................26
University of Pennsylvania ..............................8
University of San Diego...........................22, 38
University of Southampton ...........................22
University of Southern California ..................20
University of Southern California Shoah
Foundation Institute ......................................20
University of Sydney .....................................26
University of Washington..............................26
K
Kansas State University ................................36
Kratos Defense & Security Solutions Inc.22, 28
L
LA Auto Show .................................................3
Lamkin Grips.................................................36
Land Advisors Organization ..........................37
Latham & Watkins LLP .................................46
Laureate Education Inc..................................37
Lawrence Berkeley National Laboratory ..........9
Lee & Associates ..........................................35
Life Technologies Corp..............................1, 46
Liverpool Football Club .................................17
Los Alamos National Laboratory...................27
M
Marathon Oil .................................................12
Mark Harris Plumbing...................................35
Masimo Corp. ...............................................22
Massachusetts Institute
of Technology..........................................16, 26
McCain Inc....................................................35
McDonald’s Corp...........................................36
Medco Containment Services Inc..................22
Mercedes-Benz USA LLC ................................3
Merck & Co. Inc. ...........................................22
MetroBank ....................................................11
MetroCorp Bancshares Inc............................11
Metro United Bank ........................................11
Miami University ...........................................26
Microsoft ................................................16, 26
Mission Center LLC.......................................10
MIT Technology Review ..................................9
Mother Goose Parade Association ................46
MP3.com ......................................................26
Museum of Contemporary Art San Diego .....26
MVE Institutional Inc.....................................35
N
National Academy of Engineering .................20
National Academy of Sciences ......................20
National Center for Research Resources.........9
National Cowboy &
Western Heritage Museum............................17
National Institutes of Health............................9
National Oceanic and
Atmospheric Administration ...........................4
National Resource for Network Biology...........9
Navarra Properties ..........................................1
Nestle............................................................22
New England Sports Ventures.......................17
NewSchool of Architecture and Design .........37
New York University......................................22
Nice Guys San Diego.....................................28
Nicholas Investment Partners .......................17
Nortek AS........................................................4
Northern Tier Energy LLC..............................12
NuVasive Inc. ................................................26
O
Ocean Discovery Institute .............................46
Old Globe ......................................................20
Operation Homefront ....................................46
Oppenheimer & Co........................................36
P
PA Consulting Group.....................................46
Panda Express ................................................7
Panera Bread...................................................7
Pathfinder Partners LLC................................12
Pathfinder Raintree Residential LLC..............12
PatientSafe Solutions Inc. .............................26
Peace At Home..............................................22
Pennsylvania State University .......................47
Pfizer Inc.......................................................12
Pharmaceutical Product Development Inc. ...22
Phi Beta Kappa..............................................27
Philadelphia Eagles .......................................10
Phoenix Business Journal.............................38
PIA/SD Sales Club.........................................46
PictureThis Event Services Inc........................3
Platinum Equity LLC......................................15
Point Loma Nazarene University .....................5
Portland Beavers...........................................47
Poway City Council .........................................3
Poway High School.........................................3
President’s Information
Technology Advisory Committee...................20
PriceSmart Inc. .............................................22
Printing Industries Association Inc. ..............46
Procopio, Cory, Hargreaves
& Savitch LLP ...............................................46
Progress Construction
and Management Co. ....................................20
Prudential California Realty...........................35
Purdy Farms Christmas Tree.........................10
Q
QRxPharma...................................................26
Qualcomm Inc.............................16, 27, 28, 38
R
Rady Children’s
Hospital-San Diego ...........................15, 22, 46
Rady School of Management ........................22
Raintree Residential LLC...............................12
Realty Income Corp. .....................................12
Rebecca and John Moores
Cancer Center at UCSD .................................17
ResMed...................................................26, 28
Retail Opportunity Investments Corp. ...........10
River Edge Farm............................................22
Robertson Education
Empowerment Foundation ............................26
Round It Up America.....................................46
S
SAIC..............................................................27
Salient Partners LP .........................................3
Salk Institute for Biological Studies ........16, 22
Sam’s Club....................................................12
San Diego Architectural Foundation ..............20
San Diego Association of Governments ........10
San Diego Business Journal ...............3, 15, 16
San Diego Chargers ........................................5
San Diego City College..............................1, 37
San Diego City Council..............................5, 12
San Diego County
Employees Retirement Association.................3
San Diego Food Bank....................................46
San Diego Gas & Electric Co. ..................10, 46
San Diego Hospice and
The Institute for Palliative Medicine ..............22
San Diego North Economic
Development Council ....................................47
T
T.B. Penick & Sons Inc..................................35
Tanya and Charles Brandes Foundation.........16
Tau Beta Pi ....................................................27
TaylorMade Golf Co. Inc................................36
Teachers Retirement System of Texas...........38
Technomic.......................................................7
TechnoNet Group Inc. ...................................36
The Rich Register....................................15, 22
The Rose Foundation ....................................46
The San Diego Foundation ..............................3
The San Diego Union-Tribune .......................15
Thomas Jefferson School of Law..................37
Thoroughbred Owners and
Breeders Association ....................................22
Torrey Pines Bank .........................................11
Toyota Motors...............................................36
TPG Capital ...................................................12
Traditional Cowboy Arts Association.............17
Trefethen Advisors LLC ...................................7
Tustin Unified School District........................35
Twitter ...........................................................47
U
U.S. Army .....................................................10
U.S. Bureau of Reclamation ............................4
U.S. Department of Agriculture .....................36
U.S. Department of Veterans Affairs .............10
U.S. Food and Drug Administration ................8
U.S. Geological Survey....................................4
U.S. Marine Corps.........................................35
U.S. Navy ......................................................10
U.S. Securities and
Exchange Commission............................10, 20
UCLA.............................................................20
UC San Diego..........................9, 16, 38, 46, 47
UC San Diego Foundation .............................27
UC San Diego Rady School of Management .15
UCSD Rady School of Management..............26
V
Van Vechten Creative ....................................36
Veterans Village of San Diego .......................46
Vibra Bank.....................................................11
Virgin Green Fund ...........................................9
Viterbi Group LLC .........................................20
W
Wachovia Corp..............................................15
Wade McKnight.............................................38
Wagonhound Land & Livestock Co. LLC.......17
Waitt Foundation...........................................17
Wal-Mart Stores Inc..................................3, 12
Walgreen Co..................................................10
Wayne State University ...................................4
WD Partners .................................................36
WebMD .........................................................20
Wells Fargo .............................................15, 16
Westcore Europe...........................................12
Westcore Properties......................................12
Westcorp.................................................15, 22
Western Financial Bank .................................22
Western Thrift and Loan................................22
Westinghouse Electric Corp. .........................27
WFS Financial Inc..........................................22
WG Trading ...................................................38
Whole Foods ...................................................7
Wilco Investments ........................................35
Wildcat Discovery Technologies......................9
William J. von Liebig Center for
Entrepreneurism and Technology..................27
William Lyon Homes .......................................6
Wireless-Life Sciences Alliance.....................38
Wireless Facilities Inc....................................28
Woods Hole Oceanographic Institution...........4
World Agricultural Forum..............................36
X
Xandros Inc...................................................26
Xenonics Holdings Inc. .................................10
Y
Yard House USA Inc......................................46
Young Lawyers’ Committee ..........................46
Young Presidents’ Organization ....................27
YSI Inc. ...........................................................4
Z
Zoological Society of San Diego......................5
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DIGITAL EDITION USER GUIDE
COMMENTARY
Editorials, letters, columns and other opinions
Ballpark Will Bring Benefits to Escondido
Escondido can
restore its claim as
the economic hub
of North County by
taking advantage of
a once-in-a-generation opportunity to
build a minor league
COMMENTARY
ballpark in its strategically important but
Dick Daniels
aging urban core.
This week, the Escondido City Council is scheduled to take up whether to
invest $50 million in future redevelopment revenues in a 9,000-seat stadium
that would become home to the Portland
Beavers baseball team. San Diego Padres
co-owner Jeff Moorad and a group of
investors plan to buy and relocate the
Triple-A franchise. The city would build
and lease the facility to Moorad, using a
portion of its existing public works yard
and an adjacent parcel.
More than any single factor, the proposed ballpark’s location is its greatest
virtue. Located at the intersection of
Interstate 15 and state Route 78, the site
is arguably the most strategic venue in
all the region, next door to the Sprinter’s
eastern railhead and a regional bus terminal and a quick drive from downtown
Escondido. The newly expanded I-15’s
managed lanes literally drop exiting
vehicles at the site. Little wonder that
Moorad would be keenly interested in
locating there.
Home Field Advantages
There are myriad advantages to having
a minor league baseball franchise in the
San Diego region, most of which are ob-
vious. Existing baseball fans would have
access to professional-caliber baseball
at the fraction of what it costs to attend
Padres games in San Diego.
There are only 71 home games a season, so what about the rest of the year?
The ballpark would be an ideal venue
for concerts, business or professional
conclaves requiring seating for several
thousand as well as once-in-a-lifetime
opportunities for youngsters from
throughout the region to play baseball
where the pros play.
The real advantages to having a minor
league ballpark in Escondido lie beyond
the facility itself.
For years now, the city has struggled
with how to redevelop the site’s surrounding location. Predictably, it’s been
difficult to do so without somebody
assembling land parcels to develop into
the employment centers that the city
desperately needs to expand its base of
tax revenues.
In the last couple of years, we’ve had
significant interest from biotechnology
startup advocates and others in locating life science and high-tech facilities in
the general vicinity of the site. Reasons
cited include Escondido’s transportation
infrastructure, its proximity to a skilled
work force, and a supportive political
climate — factors that aren’t always in
play elsewhere. Last month, the City
Council approved leasing the city’s old
police station to the San Diego North
Economic Development Council to use
as a business incubator facility where
technology startups can get assistance
and advice. The new incubator site is literally a stone’s throw from the proposed
ballpark location.
A Catalyst for Growth
So, what’s the connection between all
this and a ballpark?
What’s needed is a major catalyst to
spur the redevelopment of the surrounding area. It’ll take more than a single
corporate entity to do so, much the way
it took Petco Park to incite the interest
and the redevelopment of downtown
San Diego’s East Village neighborhood.
There have been similar experiences in
ballparks being positive generators in
Oklahoma City; Reno, Nev.; and other
cities where they turned blighted areas
into employment centers.
Escondido is not as big a city as those
cited, but the principles of economic
development still apply. As has been the
case in those municipalities, a ballpark
will create the immediate need for retail
and other consumer services, even a
small hotel or two. The ballpark would
create a better opportunity for employment centers which might not come to
pass without the impact generated by the
presence of a professional sports venue.
The site’s proximity to our city’s downtown also promises a highly positive
impact that, again, isn’t going to happen
on any timely basis — if at all — without such a “generator.”
A minor league ballpark is Escondido’s opportunity to hit a home run
to become North County’s economic
center.
Dick Daniels served as an Escondido
City Council member from 2006 until his
term expired earlier this month. His email address is dickdaniels@cox.net.
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Extended Education Serves a Changing World
COMMENTARY
John M. Eger
What — a college
that is entrepreneurial?
Very few academics or lay folk give
the university much
credit for being innovative or entrepreneurial even though
it may have entire
courses dedicated to
the subject.
When we hear the term “extended
studies,” fewer people yet know what
that means or what a college of extended
studies is all about. Yet in these times of
calling for reinvention of the university,
often the programs of extended education are leading the way.
Most extension programs have had an
auspicious beginning.
In the 1850s — at the height of the
Industrial Revolution — a university
education was not widely available to
many Americans; and there was a growing demand for agricultural and technical
education for the working industrial class.
Responding to a Need
In response, federal and state legislatures across the country funded so called
cooperative extension education services,
mostly served by the land-grant colleges
also established about the same time.
Soon thereafter, the extension arms of
public universities began offering classes
on irrigation and water consumption,
climate conditions, land conservation
and agricultural economics.
Other courses — on community development, economic growth and practical
skills — that had relevance to people’s
daily lives soon followed.
Today, the colleges of extended studies
are as relevant as ever.
Last year San Diego State University
launched a new certificate program in
Digital Media “targeted to working professionals within the fields of journalism,
public relations, advertising and multimedia content production.”
to reconnect our universities to the communities they serve.
Some time ago Graham Spanier,
president of Penn State University, said:
“Changes in technology, demographics,
competition and legislative expectations
are all coming together to alter the way
higher education operates.”
He provided an answer to meeting the
changes: engagement.
Relevancy, he said, means engaging
the whole community, really blurring the
lines between the university and the community by integrating teaching, research
and public service activities.
Technical Skills
This certificate program will give people
the skills to use the Web, blogs and Twitter. It will teach them to combine audio,
video and text in order to continue their
essential communication mission.
At UC San Diego, a certificate program called Art and the Creative Process
pioneers another vital area: providing
skills to navigate the new knowledge base
economy in which creativity and innovation are — and will be for the foreseeable
future — the benchmarks of the most
successful individuals and enterprises.
These are but two of the extension
programs available in our region open to
the general public, at times and places
convenient to working professionals, retired persons and stay-at-home mothers.
The folks who manage the extension
programs want to provide skills relevant
to people’s daily lives. They are helping
Mission of Public Service
“For too long, these three spheres of
activity have been carried out independently and autonomously, with little
regard for how they can inform and
invigorate each other. For too long, the
notion of public service by our institutions has not received proper acknowledgement as a critical component of
higher education.
“Universities are not impacting society, as we should,” Spanier said. “Without impacting society in measurable
ways, we can hardly expect that same
society to value our role and sustain us.”
John M. Eger is Lionel Van Deerlin
endowed chair of communications and
public policy in the School of Journalism
and Media Studies at San Diego State
University and director of The Creative
Economy Initiative.
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DIGITAL EDITION USER GUIDE
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2010
Digital edition users guide
San Diego Business Journal digital edition provides links to navigate through pages and articles easily whether you are on your mobile
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@NEW W
5)&3&(*0/4"8"3%8*//*/(#64*/&448&&,-:
Volume 31, Number 45
Finance
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November 8-14, 2010
$2.00
COMBATING CHILDHOOD CANCER
headlines
Touching headlines leads you
directly to the sdbj.com article.
HEALTH CARE: Institute Seeking $15M Using
Approach Known as Hybrid Venture Philanthropy
O#Z45&7&4*/07*$
In a region known for its many
institutes of science and medicine, Beth Anne Baber believes
the intellectual capital, business
acumen and philanthropic potential in San Diego provide the
ideal environment to support the
growth of a new institute that
focuses on pediatric cancer research, diagnosis and treatment.
Baber has a personal stake
Deana Carter Ingalls of
Carter Financial offers
retirement and executive benefit planning
services to businesses.
Page 13
Opinion
in advancing the cause of The
Nicholas Conor Institute, which
also has struck a responsive
chord in the greater San Diego
business community. Her son
Conor was diagnosed and treated
for neuroblastoma, a cancer that
forms in nerve tissue, at Rady’s
Children Hospital-San Diego
at the age of 15 months. He received eight months of high-dose
Institute page 37
.FMJTTB+BDPCT
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*OTUJUVUF 5IF OPOQSPàU GPDVTFT PO QFEJBUSJD DBODFS SFTFBSDI EJBHOPTJT
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Forget the past, focus
on the space needs
of people and
industries, writes
Gary London.
Page 47
The Lists:
Largest Manufacturers
Largest Local Banks
Largest Nonlocal
Banks
Inside
Leap Reports $533 Million Quarterly Net Loss
TELECOM: Wireless Services
Provider Says Changes to
Business Model Will Pay Off
O#Z.*,&"--&/
Leap Wireless International Inc. is apparently
undergoing growing pains as it makes changes
to its business model, and shifts to providing
higher cost services to subscribers.
For the third quarter, the provider of flat rate,
pay in advance wireless services reported Nov. 2
a net loss of $533.3 million, compared with a net
loss of $65.4 million in the like quarter of 2009.
The San Diego company, which was spun off
from Qualcomm Inc. in 1998 and filed for bankruptcy in 2003, stated that the half-billion net
loss is mainly due to $477 million in non-cash
charges, involving the impairment of its good
will and writing off of previously capitalized
costs to expand its networks.
If those charges had been excluded and the
company was able to take income tax benefits,
Leap stated it would have had an operating loss
of $71.5 million.
In terms of third-quarter revenue, Leap
reported $602.7 million, only a half percent
above revenue in the third quarter of 2009. For
the nine months, revenue was up 6 percent to
$1.89 billion.
Leap page 36
SPECIAL REPORT:
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PAGE 17
Industrial Vacancy Rate Stays Historically High
REAL ESTATE: Some Major
Deals Involve ‘Flex’ Properties,
Which Include Office Space
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49241 83136
Skittishness among employers about adding
workers to payrolls, in the face of slow spending
by consumers, is translating into still low demand
for local warehouse and distribution space.
One result is that San Diego County’s industrial vacancy rate remained historically high in
the third quarter of 2010 — at 10.5 percent,
compared with 7.1 percent just two years ago.
According to CoStar Group, which provides
45
jump tags
commercial real estate information, the county’s total industrial vacancy rate remained in
single digits for a decade
starting in 1999, but has
consistently topped 10
percent since the fourth
For 10 years, the county’s quarter of 2009. Also,
industrial vacancy rate
local property brokers
remained in single digits. report that the countyBut it has consistently
wide monthly asking rent
topped 10 percent since
the fourth quarter of ’09. during the quarter was
81 cents per square foot,
down 13 percent from a year ago.
But industry observers point to signs of
gradual recovery, and the region is seeing a
10%
Industrial page 36
/PWFNCFS
4"/%*&(0#64*/&44+063/"-
1BHF
www.sdbj.com
Movie Reviewer Room for Improvement in the Office Space Market
ESTATE: Jobless
Has New Role as REAL
Rate Big Drag on Demand;
Digitaria Exec Tenants Shop for Deals
A name from the
past surfaces for
the Insider. Last
time I was in touch
with whiz writer
Tom Siebert, he was
cranking out movie
reviews for me when
SDBJ INSIDER
I served as editor of
the Baltimore BusiTom York
ness Journal in the
early 1990s. His review of the classic Michael Douglas film, “Falling Down,” was
one of the best written of the era. Well,
Siebert has resurfaced. — and in San
Diego, of all places. He’s been named
the vice president of communications
for Digitaria Interactive, the digital Web
design and marketing business recently
sold to mega ad agency JWT (formerly
J. Walter Thompson) … By the way,
Digitaria’s high-profile co-founder and
CEO Dan Khabie will remain at Digitaria now that he’s sold the business … Just
the ticket for a local online entrepreneur.
Pennsylvania-based National Ticket Co.
has teamed with San Diego’s TicketStubCollection.com to help preserve their
memories of favorite sporting events,
concerts, festivals and shows by uploading tickets for viewing to the TicketStubCollection site. The site is the brainchild
of Russ Havens, former circulation exec
at the SDBJ and an all-around good guy.
National is one of the original ticket
printing concerns, so it will upload some
very rare and unusual tickets to the site
… Some positive news on the retail front.
San Diego is one of four new California
markets for Best Buy’s Magnolia design
centers, which will serve the chain’s premium home entertainment and electronics brand. Magnolia’s CEO, Steve Delp,
flew in Oct. 29 to dedicate the center in
the Best Buy store in Mission Valley, and
give a little pep talk to get things rolling.
The design center becomes one of 380
nationwide ... Need business advice? The
local chapter of Score, a nonprofit organization of retired executives and former
small-business owners, is offering a free
seminar Nov. 23 for those interested in
attending. The presentation, “Business
Basics 101,” runs from 9:30 to 11:30 a.m.
at the Score Entrepreneur Center at 550
W. C St. in the heart of San Diego. Preregistration is required at score-sandiego.
org ...Southwest Airlines will soon offer
wireless Internet for a flat fee of $5 per
flight for those who need to stay in touch
at 35,000 feet … While we’re waiting for
the Wi-Fi to connect, this announcement: Southwest, American Airlines and
the San Diego County Regional Airport
Authority will be offering free giftwrapping services to departing ticketed
travelers Dec. 18 to Dec. 23 at Terminal
1 and 2. It’s a thoughtful service since
passengers can’t take wrapped packages
through security checkpoints ... Finally!
Time for a cultural break. The San Diego
Opera opens its season Jan. 29 with
Puccini’s “Turandot.” American soprano
Lise Lindstrom debuts at the opera in the
title role. Famous artist David Hockney
serves as the set designer. For details and
ducats, browse on over to sdopera.com.
Seeya!
Contributing Editor Tom York pens the
SDBJ Insider. Send him items in care of
tyork@sdbj.com or tom.york@gmail.com.
®Ê#Z-06)*34)
Bargain-hunting office tenants continued to chip away slowly at San Diego
County’s excess office space during the
third quarter, though observers note that
the direct vacancy rate — at around 17
percent — remains about where it’s been
for the past year.
Experts don’t expect much to change
in the final months of 2010, and in fact,
2011 will likely present the same scenario,
barring a major change in the sluggish employment climate, where the county jobless
rate continues to hover around 10 percent,
suppressing demand for office space.
“On the macro level, unless you see big
changes in employment, you’re going
to see rents crawling
along the bottom,”
said Matt Carlson,
a director in the San
Diego office of brokerage firm Cushman
.BUU$BSMTPO
& Wakefield.
“Flight to quality”
remains the buzz-phrase being heard in
leasing circles, with businesses looking to
relocate to newer, higher-grade properties
in better locations, often with the help of
heavy rent discounts and other incentives
from landlords looking to fill properties.
According to the brokerage firm Cassidy
Turley BRE Commercial, the countywide
average asking rent for all office classes during the third quarter was $2.27 per square
foot per month, compared with $2.33 in the
second quarter and $2.47 a year ago.
With various incentives factored in,
tenants across the
county are still seeing
effective rental rates
that are 25 percent to
30 percent below what
properties would have
fetched prior to the
recession, including
Class A buildings in
'SBOL8SJHIU
prime locations, said
Frank Wright, a broker in the San Diego
Office page 38
Genomics Targets Treatments to the Letter(s)
LIFE SCIENCES:
Genetically Tailored
Medicine Could Pay Off
®Ê#Z45&7&4*/07*$
Local companies moving into the field
of personal genomic medicine could realize commercial possibilities earning billions of dollars by the next decade.
Call it “Brave New Medicine.”
The San Diego area is well positioned to
contribute to the growth of a whole new
area of biomedical technology and see a
positive effect on the local economy, asserted Greg Lucier, chairman and chief executive officer of Life Technologies Corp.,
a company that sells tools and equipment
used in biological research.
Lucier runs the $3.6 billion Carlsbadbased company that’s getting a running
start by its acquisition of companies
advancing the field of personal genomic
medicine, with the most synergies in the
area of individualized cancer diagnosis
and treatment.
Lucier and Wain Fishburn, a founding
partner of Cooley LLP’s San Diego office,
hosted a fireside chat on the future of personalized genomic medicine and potential
business opportunities for Biocom’s Oct.
26 breakfast meeting at the Hyatt Regency
La Jolla at Aventine. Nearly 200 people
attended.
Biocom is the largest regional life sci-
ences association in the world, representing more than 550 member companies in
Southern California.
The most important aspect of personal
genomics is that it may eventually lead
to a much more personalized medicine,
where patients can take specific drugs
that are individually targeted for medical
treatments, said Fishburn, vice chairman
of the Biocom board of directors and the
founding partner of a law office with an
active practice serving technology and life
sciences companies.
“We want to promote the advantages
of being here to advance the field,” said
Fishburn. “It is a growing industry with
tremendous potential for future growth.”
Biocom page 38
Qualcomm
Revenue Is
Up 6 Percent
Qualcomm Inc., the wireless communications technology company, reported
$10.99 billion in revenue for the fiscal year
ending Sept. 26, a gain of 6 percent from
fiscal 2009.
Net income for the year was $3.25 billion,
up 104 percent from fiscal 2009.
Fourth quarter net income was $865
million, up 8 percent from the fourth quarter of fiscal 2009. Revenue in the fourth
quarter was $2.95 billion, up 10 percent
from the year-ago quarter.
Chief Executive Officer Paul Jacobs
reported record microchip sales. During
fiscal 2010, the company said it shipped
399 million chips, up 26 percent from fiscal 2009.
“Our outlook includes strong revenue
and earnings growth in fiscal 2011,” Jacobs
said. Revenues in 2011 could hit $12.4 billion to $13 billion, the company reported.
Looking ahead, the corporation said it
planned to exit its Flo TV service business
and take a restructuring charge.
Qualcomm reported in its Nov. 3 securities filing that the Securities and Exchange
Commission was investigating the company following a complaint. Qualcomm
said that it received formal notification
from the SEC in early September. The
company then engaged outside help to
review its books, that it found no errors
and that it continues to cooperate with
the probe.
‡#SBE(SBWFT
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2010
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2010
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