March 21, 2011 - CBJonline.com
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March 21, 2011 - CBJonline.com
2-Page Spread 1-Page View Thumbnails SDBJ User Guide Front Page Table of Content Zoom In Zoom Out Next Page sdbj.com SAN DIEGO BUSINESS JOURNAL Volume 32, Number 12 THE COMMUNITY OF B U S I N E S S TM March 21-27, 2011 $2.00 Acquisition Starting to Pay Off for AMN Law STAFFING: Deal, Growth of Core Business Line Lead to 52% Rise in Q4 Revenue 4UFQIBOJF4FJENBO BOEBMMNFNCFSTPG IFSJOUFMMFDUVBMQSPQFSUZ UFBNIBWFKPJOFE .D,FOOB-POH O#Z.*,&"--&/ Page 3 Finance .FMJTTB+BDPCT /JDL.BDDIJPOFJTEJSFDUPSPGUIFDPVOUZT)FBMUI)VNBO4FSWJDFT"HFODZ)JTA)FBMUIZ#PUUPN -JOFQSPHSBNJTHFBSFEUPXBSEIFMQJOHMPDBMSFTJEFOUTNBLFCFUUFSDIPJDFTJOIPXUIFZMJWFTPUIBU UIFSFHJPOBMFDPOPNZCFOFàUT HEALTHY BOTTOM LINE 5IFTUBUFNVTUDIBOHF IPXJUDPOEVDUTJUT CVTJOFTTXSJUFT "TTFNCMZNBO /BUIBO'MFUDIFS Page 39 The Lists: )PUFMT*OEFQFOEFOU $BUFSFST.FFUJOH BOE$POWFOUJPO 'BDJMJUJFT %FGFOTF$POUSBDUT Inside WORK FORCE: Program HEALTH CARE: County Aims to Improve Residents’ Health, Strengthen Economy Works With Businesses to Boost Families’ Wellness O#Z50.:03, O#Z50.:03, Nick Macchione, director of the Health & Human Services Agency for the County of San Diego, is on a quest to improve the health of the county’s 3 million residents — and he’s seeking help from businesses. He’s leading his fight under “Live Well, San Diego!” — banner programs that “touch” 500,000 residents. Poor lifestyle behaviors among employees and their dependents can have a big impact on sales and profits, the dapper 43-year-old executive says. His program, what he calls “Healthy Bottom Line,” is geared toward helping local resi- As Nick Macchione works to create a healthier local economy, he keeps hearing the same questions from businesses. “How can I contribute to the health of my employees, and what are some of the things that I can do, and where can I go to get some help?” Macchione, director of the County of San Diego’s Health & Human Services Agency, said he is looking at ways to connect various programs run by the county to help boost the overall health of business owners, their employees and dependents as he makes a push to get ¨Health page 29 ¨Wellness page 29 Number of Deaths ¨AMN page 28 UNHEALTHY FORECAST Based on current disease rates, the county predicts that by 2050, more than twice as many San Diegans will die from chronic diseases such as cancer and diabetes compared with 2007. Diabetes deaths will increase by 111 percent, while cancer deaths will increase by 109 percent. A new program is addressing behaviors that cause these diseases and cost the county $4 billion a year in medical costs. 111% $BODFS %JBCFUFT Source: County of San Diego’s Health & Human Services Agency AMN Healthcare, a nursing and medical staffing firm, is seeing the benefits from last year’s acquisition of another medical staffing business in the form of higher revenue, although the deal isn’t resulting in profits just yet. For the fourth quarter, San Diego-based AMN reported March 8 a net loss of $1.6 million, compared with a net loss of $2.7 million for the 4VTBO34BMLB like quarter of 2009. Yet its revenue grew 52 percent to $220 million compared with the final quarter of 2009. Chief Executive Officer Susan R. Salka said while the acquisition of Texas-based Medfinders Inc. was the main reason for the big jump Facility Helps Firm Increase Its Efficiency TECHNOLOGY: ATK Uses Lean Manufacturing Approach For Aerospace Projects O#Z#3"%(3"7&4 Frank Bernas is escorting a guest across the floor at Alliant Techsystems Inc.’s Miramar-area factory when they slow to let some workers pass. The scene looks like two guys carrying a 4-by-8 sheet of plywood through a bigbox building materials store, with a man on the front and another man bringing up the rear. One day, the piece will be part of a satellite, zooming through space at thousands of miles per hour. First, however, the panel has to cross the factory floor without a mishap, which is why a third man walks ahead of them, shouting that there is a part coming through. The component, made of composite materials, will go together with others to form a satellite’s core, called the bus structure. It 49241 83136 ¨ATK page 28 12 Previous Page 2-Page Spread 1-Page View Thumbnails SDBJ User Guide Table of Content Zoom In Zoom Out Next Page 4"/%*&(0#64*/&44+063/"- www.sdbj.com 1BHF Front Page .BSDI bucadibeppo.com MARCH 21-27, 2011 VOLUME 32, NUMBER 12 Bring them to Buca... or Bring Buca to them! Buca di Beppo is your answer to one fabulous group dining experience. Our staff will organize and plan your events with one of our family-style banquet packages. Our Italian specialties are also available in Extra Large Party Pans To Go. 1IPUPDPVSUFTZPG4DSJCF$PNNVOJDBUJPOT 1BHF-BSHFTJ[FEIPNFTVQUPTRVBSFGFFUBSFBNPOHUIFSFTJEFOUJBMVOJUTQMBOOFEUPCF CVJMUBUUIF%FM4VSDPNNVOJUZOFBSTUBUF3PVUFBOE*OUFSTUBUF%FM4VSBOE4BOUBMV[BSF UXPEFWFMPQNFOUTXJUIJOUIFBDSF#MBDL.PVOUBJO3BODISFTJEFOUJBMEFWFMPQNFOU ON THE COVER CARLSBAD | #!,,%"!2#%,/.!s MIRA MESA | 7%346)%70!2+7!9s SAN DIEGO | '!3,!-0$)342)#4s4(!6%s Congratulations WRWKH Combined Health Agencies HEALTH HEROES 7KHWKDQQXDO+HDOWK+HUR$ZDUGVKRQRUHGLQGLYLGXDOVDQGFRPSDQLHVVHOHFWHGE\ HDFKRIWKHPHPEHUVRI&RPELQHG+HDOWK$JHQFLHV7KHKHURHVKDYHJLYHIUHHO\RI WKHLUWLPHWDOHQWDQGUHVRXUFHVWRLPSURYHWKHKHDOWKDQGZHOOEHLQJRIRXUFRPPXQLW\ 'U-RKQ'DO\ $O]KHLPHU¶V$VVRFLDWLRQ6DQ'LHJR,PSHULDO&KDSWHU 6DQ<VLGUR+HDOWK&HQWHU $PHULFDQ'LDEHWHV$VVRFLDWLRQ 'U7DUHN+DVVDQHLQ $PHULFDQ/LYHU)RXQGDWLRQ 6DQ'LHJR*DV(OHFWULFDQG0LNH1LJJOL $PHULFDQ/XQJ$VVRFLDWLRQLQ&DOLIRUQLD 'U1DVULQ0DQL $PHULFDQ0HODQRPD)RXQGDWLRQ %ULDQ5HHGHU $P\RWURSLF/DWHUDO6FOHURVLV$VVRFLDWLRQ 'U5REHUW6KHHWV $UWKULWLV)RXQGDWLRQ 'U6LUL0DUWLQ$QGUHZV $XWLVP6RFLHW\RI6DQ'LHJR 6XQURDG(QWHUSULVHV 7KH%XUQ,QVWLWXWH 'U0LFKDHO'RFKHUW\ &URKQ¶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¶V$VVRFLDWLRQRI6DQ'LHJR *LUDUG6HFXULWLHV,QF 6DQ'LHJR+RVSLFHDQG7KH,QVWLWXWHIRU3DOOLDWLYH0HGLFLQH +HPDWRORJ\7HDPDW5DG\&KLOGUHQ¶V+RVSLWDO 6LFNOH&HOO'LVHDVH$VVRFLDWLRQ (YDQV+RWHOV 6WHSSLQJ6WRQHRI6DQ'LHJR Sponsored in part by: More information at combinedhealth.org GOVERNMENT — County works with businesses to boost families’ wellness. HEALTH CARE — Program aims to improve residents’ health, strengthen economy. HEALTH CARE — Acquisition starting to pay off for AMN Healthcare. TECHNOLOGY — ATK takes efficiency to the next level at its new facility. COMMENTARY GOVERNMENT — The standard budget process needs to be replaced .....................................................................39 TRADE — Opportunities to export to Singapore accelerating .........................................................................39 CONSTRUCTION RESIDENTIAL — Home builders more upbeat about local market...........................................................................8 ENERGY MANUFACTURING — Solar power pact brings energy, jobs to region.........................................................................3 FEATURES COLUMN — SDBJ Insider................................................3 REPORTING — News in Brief ......................................21 ROUNDUP — Regional Report.....................................23 COLUMN — Twilight in Tuscany brings home big donation for hospital, as reported in the Kudos/Giving column ................................................................................38 INNOVATION SMALL BUSINESS — Translator has good words to say about providing a human touch.................................4 INVESTMENTS & FINANCE TRADING — San Diego Stock Chart ..........................37 THE LISTS HOSPITALITY — Hotels ................................................14 FOOD AND BEVERAGE — Independent Caterers...19 HOSPITALITY — Meeting, Convention Facilities.....20 DEFENSE — Defense Contracts...................................24 QUOTE OF THE WEEK ‘If we have healthy kids, healthy parents and healthy workers, then we have a healthy economy, and that’s the bottom line of what we are trying to do.’ — Nick Macchione, director of the county’s Health & Human Services Agency. To read the story, please turn to Page 1. PEOPLE Q&A — Executive Profile: Mark Albers of Merrill Lynch Wealth Management...........................................15 REAL ESTATE RETAIL — A growth season for retailers, restaurants...5 COLUMN — Things may be looking up as office market is on the bottom, as reported in the Commercial Real Estate column...........................................................12 TRANSACTIONS — Top Industrial, Flex Leases......30 ROUNDUP — Projects, developments and other activities in cities in and around San Diego County, as reported in the Real Estate Roundup............................33 TECHNOLOGY TRANSACTIONS — Rumors circulate that Websense is exploring sale .....................................................................3 WIRELESS — Rising fuel prices pump up fleet management businesses...............................................................6 MEDIA — As competition mounts, producers shoot for higher-quality video....................................................10 WORK FORCE LAW — McKenna Long hires rival’s entire IP team.....3 The entire contents of this newspaper are copyrighted by San Diego Business Journal with all rights reserved. Reproduction or use, without permission, of editorial or graphic content in any manner is prohibited. San Diego Business Journal (ISSN 8750-6890) is published weekly by San Diego Business Journal, 4909 Murphy Canyon Road, Suite 200, San Diego, CA 92123-5381. Periodical postage paid at San Diego, California. For additional information, call (858) 277-6359. Advertising 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 92123. Previous Page 2-Page Spread 1-Page View Thumbnails .BSDI SDBJ User Guide Front Page Table of Content Zoom In 4"/%*&(0#64*/&44+063/"- Zoom Out Next Page www.sdbj.com 1BHF Local Firm Links Solar Power Pact Brings Energy, Jobs to Region Relief Workers in ENERGY:Local Factory CONCENTRIX SOLAR INC. Employ 450 Workers, Japan to the Net Will Supply New Power Plant CEO: )BOTKPSH-FSDIFONVMMFS Financial data: /PUEJTDMPTFE Corporate parent: 4PJUFDPG#FSOJO'SBODF A local angle on the Big Story. San Diego’s XCom Global Inc., which rents portable electronic devices to U.S. travelers headed overseas so that they can access the InterSDBJ INSIDER net wirelessly (and Tom York inexpensively), is offering free access to emergency workers in Japan helping with massive disaster relief efforts there. The company will ship units overnight to workers in advance of their departure. Those already in Japan can pick up the units in Tokyo at XCom Global’s parent, Inter Communications Co. Ltd., headquarters. Browse over to xcomglobal.com for details … A sign of the (very tough) times? In a report to the county Board of Supervisors about CalFresh, or California’s federally funded food stamp program, county Health and Human Services Agency Director Nick Macchione recently notes in a presentation before the Board of Supes that the number of recipients has jumped to 220,000 from 80,000 in just four and a half years. Macchione’s office is doing what it can to handle the surge, such as allowing applicants to apply using a cell phone. But county workers say they’re hard-pressed to keep up with the demand. … And while we’re on the topic of those in need of food. Mayor Jerry Sanders is penciled in for an appearance on March 25 to help the Jewish Family Service of San Diego celebrate 40 years of foodmobile services. The birthday celebration is set for the College Avenue Older Adult Center, where seniors are always guaranteed a good meal … One of my favorite TV reality show personalities will be in town in a few weeks. Rick Harrison of the History Channel’s popular “Pawn Stars” series plans to speak to the Gemological Institute of America in Carlsbad during its Symposium 2011 event on May 29-30. “Pawn Stars” chronicles the customer flow at the Gold & Silver Pawn Shop in Las Vegas, a family-owned business run by Harrison, his father and son. Harrison appears May 30. Perhaps, more importantly to us business folks, Steve Forbes, editor-in-chief of Forbes magazine and one-time presidential candidate, is scheduled to appear, too — on May 29. He’s a hoot and a half, if you’ve ever heard him speak — a wryly witty, but very informative speaker. For details, browse on over to gia.edu/symposium2011/ … The local chapter of the National Association of Women Business Owners, or NAWBO, is seeking items for an auction in connection with its annual Bravo! Awards scheduled for May 18. Donations must be worth at least $50 and received no later than May 6. Contact Audrey Welch at [email protected], if you have an item to donate … Finally, check this out. Culture Shock San Diego is set to present “Culture Shock 101,” a history of the company through hip-hop dance at the Jewish Community Center on April 22-23. Ducats and details at cultureshockdance.org. Contributing Editor Tom York pens the SDBJ Insider. You can reach him at [email protected] or [email protected]. ®Ê#Z-06)*34) A new solar energy contract involving San Diego Gas & Electric Co. is expected to help reduce air pollution, while creating up to 450 local manufacturing jobs on the ground. The utility firm, a division of San Diegobased Sempra Energy, recently announced that it would work with Tenaska Solar Ventures of Nebraska to obtain solargenerated power from a facility being built by Tenaska in Imperial County, under a 25-year contract. No. of local employees: &JHIUUPJODSFBTF CZVQUP Headquarters: -B+PMMBBOE'SFJCVSH (FSNBOZ Year founded: Company description:1SPWJEFSPG UFDIOPMPHZDPNQPOFOUTVTFEJOUIFFOFSHZBOE FMFDUSPOJDTJOEVTUSJFT 1IPUPDPVSUFTZPG$PODFOUSJY4PMBS That facility will use solar panels to be produced by Concentrix Solar Inc., a divi¨Solar page 26 $PODFOUSJY 4PMBS *OD XIJDI IBT 64 IFBERVBSUFSTJO-B+PMMBQMBOTUPCVJMEBGBDUPSZ JOUIF4BO%JFHPSFHJPOFNQMPZJOHVQUP UPTVQQMZTPMBSQBOFMTGPSBOVQDPNJOH*NQFSJBM 7BMMFZFOFSHZQSPKFDUJOWPMWJOH4%(& McKenna Long Hires Rival’s Entire IP Team LAW:Stephanie Seidman, 17 Members, 20 Clients Depart From K&L Gates ®Ê#Z."35:(3")". The local office of McKenna Long & Aldridge LLP has recruited life sciences patent prosecuting powerhouse Stephanie Seidman — and all 17 members of her intellectual property team — from the law firm of K&L Gates LLP. Seidman, who started with McKenna Long on March 7, said that she is pleased to arrive as a partner at the firm, which first tried to recruit her in 2005. She brought all Rumors Circulate That Websense Is Exploring Sale Stock traders swapped shares of Websense Inc., the Sorrento Valley Web security firm, at a brisk pace March 16 after rumors surfaced that the company was exploring a sale. Websense spokeswomen did not return phone calls for comment on March 17 as this newspaper was going to press, and there was no reference to any transaction on the San Diego company’s Web site. Citing unnamed sources, the Wall Street Journal reported March 16 that Websense was exploring a sale with the help of San Francisco-based Qatalyst Partners, the technology-focused investment bank founded by Frank Quattrone. The Journal said Websense could fetch a price of up to $1 billion. Some 3.57 million shares traded hands March 16, fetching between $20.16 and $27.96 before closing the day at $22.85. Volume was 4.5 times greater than March 15 and 10 times greater than March 14, when some 334,000 shares traded hands. Shares, traded on the Nasdaq as WBSN, closed March 17 at $22.02 on volume of 733,545 shares. The stock’s 52-week range has been $17.03 to $27.96. Websense reports some 40.62 million shares outstanding. For 2010, the company had net income of $18.7 million on revenue of $332.8 million. #SBE(SBWFT of her team’s approximately 20 clients and her patent prosecution team of 17 people with her, she said. “These things take a long time to reach fruition,” Seidman said. “I hope it is the last move of my career. I hope to stay here for the rest of my career.” 4UFQIBOJF Seidman, who 4FJENBO holds a Ph.D. in molecular biology and biochemistry, has been practicing law since she passed the bar exam in Washington, D.C., in 1985. In 1998, she joined the now-defunct Heller Ehrman LLP, then moved to Fish & Richardson P.C. in 2004. In 2008, she joined Bell Boyd & Lloyd LLP, which merged with K&L Gates in 2009. K&L Gates has more than 2,000 attorneys in 37 offices from Anchorage to Warsaw, according to its Web site. No Longer a Good Fit “They were very nice to me; I have no complaints,” Seidman said. “But it wasn’t a good match after the merger — working at a very large firm wasn’t what I signed up for. Large firms tend to focus on big companies, and that presents the potential for a lot more conflicts (of interest).” ¨Law page 26 Strategize. Execute. Innovate. Fulfill your aspirations through your education Argosy University’s Master of Business Administration (MBA) degree program is designed to develop the strategic thinking and problem solving skills critical to successful business leaders. In pursuing your degree, you can apply leadership principles in a collaborative learning environment. Take the next step in pursuing your professional goals. business.argosy.edu 1.866.549.1963 Argosy University, San Diego 1615 Murray Canyon Road, Suite 100, San Diego, CA 92108 Financial Aid is available to those who qualify. Argosy University is accredited by the Higher Learning Commission and a member of the North Central Association (230 S. LaSalle Street, Suite 7-500, Chicago, IL 60604-1413, 1.800.621.7440, www.ncahlc.org). Previous Page 1BHF 2-Page Spread 1-Page View Thumbnails SDBJ User Guide Front Page Table of Content Zoom In 4"/%*&(0#64*/&44+063/"- www.sdbj.com INNOVATION Zoom Out Next Page .BSDI A look at innovative organizations, concepts, products and people Translator Has Good Words to Say About Providing Human Touch SMALL BIZ: Technology Plays Role, But Company Touts Its Personal Service BEATBABEL ®Ê#Z#3"%(3"7&4 No. of local employees: 4JY Burckhardt Rueffer does not expect Google to put him out of business. Not yet, at least. Rueffer and business partner Marie Flacassier own BeatBabel, a San Diegobased business able to translate documents into 100 languages. It provides other services as well, going beyond translation into the realm of what the industry calls “localization.” .BSJF'MBDBTTJFS Rueffer says that skeptics ask him why they would want human translators at all. Software such as Google Translate can convert a phrase from language A to language B with minimal effort, and for free. Such a service has its place, Rueffer said, and it’s always worth a try. The technology is better than it was three years ago, and much better than 10 years ago, he said. The crucial test, Rueffer said, is “what you get after the round trip.” That is, after translating an English phrase to another language — Spanish, for example — then plugging the Spanish sentence into the CEO:#VSDLIBSEU 3VFGGFS Revenue:JO Investors: #VSDLIBSEU 3VFGGFS.BSJF 'MBDBTTJFS Headquarters: (BTMBNQ 2VBSUFS #VSDLIBSEU 3VFGGFS Year founded: What makes the company innovative: 5SBOTMBUFTBOEMPDBMJ[FTTPGUXBSFJODMVEJOH FMFBSOJOHTPGUXBSFBTXFMMBTNPSFUSBEJUJPOBM GPSNTPGDPNNVOJDBUJPO computer for a translation back to English. The businessman is willing to bet the software-only approach won’t produce exactly what the client wants. Tools of the Trade It’s not that Rueffer and Flacassier want to shun technology. Their business depends on it. An extranet allows them to work from a very small office in the Gaslamp Quarter, or from the local coffee shop, and communicate with a network of translators all over the world. Technology is also at the heart of the material they are asked to translate. BeatBabel has targeted the life sciences market as well as the e-learning software market. Computer-based learning is gaining on paper-based learning, Flacassier said. “Big companies are going that direction,” she said. Flacassier noted that retailers such as Inter Ikea Systems B.V. are producing videos to go with their products. In Ikea’s case, they show how to put the furniture together. One not-so-obvious aspect of software translation is translating the text in help functions as well as other documentation. BeatBabel employs computer-assisted translation in cases where it’s appropriate. Localizing a document to a particular market involves explaining things peculiar to one part of the world. For example, it might involve converting the A-F letter grade system of American education into the number-based system of European countries. In France, for example, the grading scale runs 0-20 with 20 as the top grade. In Germany it’s 1-6; however, 1 is the top grade. There are other nuances. In Germany, a failing grade can indicate partial success, Rueffer said; “You can fail without completely failing.” BeatBabel ended 2010 with revenue of $500,000 and a profit, the partners said. Continuing on a path that mixes technology with the more time-honored aspects of translation, the partners hope to double their revenue this year. Rates depend on the supply of, and demand for, experts in a certain language. Europeans Excel in the U.S. Elsa Depeupiere, executive director of the San Diego French-American Chamber of Commerce, works downstairs from BeatBabel in the same Gaslamp Quarter building. Depeupiere describes Rueffer and Flacassier as good examples of European entrepreneurs who have been successful in the United States. Rueffer grew up in Germany and the United States. He’s worked in the translation field since the late 1980s for clients such as Microsoft. Flacassier is from Limoges, France. In addition to languages, she has built skills in graphic and Web design. She is a board member of the French-American chamber and sits on its technology committee. Depeupiere, the chamber executive, said the owners of BeatBabel are customer-oriented and good to their employees. It is probably easier to be an entrepreneur in the United States than it is in France, she observed. The U.S. Bureau of Labor Statistics estimated there were 50,900 people working as translators and interpreters in the United States in 2008. It’s a growing field. The bureau forecasts that number will swell to 62,200 by 2018. Roughly a quarter of the translators are self-employed, the bureau reports. Previous Page 2-Page Spread 1-Page View Thumbnails .BSDI SDBJ User Guide Front Page Table of Content Zoom In 4"/%*&(0#64*/&44+063/"- Zoom Out Next Page www.sdbj.com 1BHF It’s Growing Season for Retailers, Restaurants REAL ESTATE:Climate Favorable to Chains’ Expansion Nationally ®Ê#Z-06)*34) National store and restaurant chains are looking to ride an improving retail climate by opening new locations, although experts note that high-profile expansion venues remain extremely limited in San Diego County. Atlanta-based ChainLinks Retail Advisors, which provides brokerage and research services to retailers, landlords and investors, recently issued its annual report, indicating that national chains’ expansion plans are up 40 percent from a year ago. “The current surge demonstrates to us two key factors,” said Garrick Brown, a Burlingame-based research director with ChainLinks. “The return of optimism within the retail sector, and the desire to expand quickly now, while rents are still low.” According to the report, some of the most active U.S. retailers currently planning to expand over the next two years include 7-Eleven Inc., Aldi, Apple Inc., Bottom Dollar Food, Dollar General Corp., Dollar Tree Inc., HHGregg, Save-A-Lot, and Wal-Mart Stores Inc. Several are seeking to boost their California presence, though only two companies are listed by ChainLinks as having San Diego among specific target markets. They are L’Occitane Inc., a French niche retailer of beauty products that plans to add at least 10 new U.S. stores during the next 18 months; and Pizza Patron, a Dallas-based franchise company catering to the Latino community. ing the feasibility of a major retail project at that location, off Market Street. A Good Spot “Right now there are no big retailers in that neighborhood, and it’s a potentially good spot,” Buttner said. Elsewhere in the county, particularly central San Diego, viable new locations to expand a retail footprint are rare. In markets including Mission Valley, Kearny Mesa and La Jolla, the best existing locations have been filled and there is little or no land available to add shopping 3PO1FQQFS centers. “There are just too many barriers to entry right now,” said Ron Pepper, a principal in Retail Insite, a San Diego-based consulting and brokerage firm. Past big-box vacancies in the local market have been filled quickly, Pepper said, and spaces soon to be emptied — for instance at Borders Group Inc., which is closing two local bookstores among 200 nationwide — are likely already spoken for. According to a recent report by the national office of commercial brokerage firm Cassidy Turley, San Diego has among the lowest retail vacancy rates among big U.S. metro areas, at 7.5 percent. The report noted that U.S. consumer confidence still hovers around recessionary levels despite improvements in retail sales and household finances. 1IPUPDPVSUFTZPG1J[[B1BUSÓO 5FYBTCBTFE1J[[B1BUSÓOXIJDIDBUFSTUPUIF -BUJOP DPNNVOJUZ SFDFOUMZ PQFOFE JUT àSTU BSFBGSBODIJTFMPDBUJPOJO&TDPOEJEPBOEIBT NPSFQMBOOFEGPS4BO%JFHP$PVOUZEVSJOH UIFOFYUUISFFZFBST A Bigger Slice of Pie Market Pizza Patron recently opened in Escondido and plans to have a total of 11 San Diego County locations in place over the next three years, according to a February statement from the local franchisee, Pizza De la Comunidad LLC. Wal-Mart, the world’s largest retailer, announced earlier this year that it planned to “create about one dozen projects of varying size and format” throughout San Diego over the next five years. The news came as the retailer fended off a city move to impose more stringent review requirements for big-box superstores. Wal-Mart has recently been testing smaller retail formats, including one called Walmart Express, which have not yet debuted in California. “We are always looking for ways to better serve our customers and think our smallformat stores can be part of the solution in urban and rural communities where residents don’t have convenient access to healthy, affordable food,” Wal-Mart spokesman Steven V. Restivo said in a March 14 e-mail. “However, we do not have any announced small-format projects in San Diego at this time.” According to a project developer for the nonprofit Jacobs Center for Neighborhood Innovation, Wal-Mart and rival Target have both expressed serious interest in a vacant parcel in Chollas View, one of several low-income neighborhoods in southeast San Diego where Jacobs has retail, residential upgrades in the works. Chip Buttner, president and CEO of the center’s Diamond Management Inc., said that because of limited space at the site, the store built there would likely be in a small format or have multiple levels. Jacobs is currently getting residents’ feedback and study- TORREY PINES BANK IS PROUD TO INTRODUCE THE WOMEN’S BANKING GROUP TORREY PINES BANK is taking the lead in providing a banking environment to meet the needs of women: Ŷ A Tailored Package of Banking Services Ŷ Enhanced Personal Service Ŷ A Dedicated Team of Bankers with Vast Expertise Ŷ Opportunities to Network with Like–Minded Women Ŷ Seminars and Presentations on Topics of Interest Ŷ Online Resources 7RUUH\3LQHV%DQNLVDQ$I¿OLDWHRI:HVWHUQ$OOLDQFH%DQFRUSRUDWLRQ Access to The Women’s Banking Group is not dependent on your assets, but on your desire to ally yourself with a financial institution committed to assisting women who want control of their financial lives. Discover a closer, more personal, more productive banking relationship. Previous Page 2-Page Spread 1-Page View Thumbnails SDBJ User Guide Table of Content Zoom In Zoom Out Next Page 4"/%*&(0#64*/&44+063/"- www.sdbj.com 1BHF Front Page .BSDI Rising Fuel Prices Pump Up Fleet Management Businesses TECHNOLOGY: Vehicle Monitoring Services Track Speed and Performance ®Ê#Z50.:03, 1IPUPDPVSUFTZPG/FUXPSLáFFU /FUXPSLáFFUTNPEFM(14EFWJDFJOTUBMMFEJOáFFUFOHJOFTSFMBZTSFBMUJNFFOHJOFEJBHOPTUJDT QMVTPUIFSEBUBTVDIBTGVFMDPOTVNQUJPODVSSFOUMPDBUJPOBOEWFIJDMFTQFFEUPUIFDPNQBOZT 8FCTJUF$VTUPNFSTBDDFTTUIFEFUBJMFEJOGPSNBUJPOBCPVUUIFáFFUTPQFSBUJPOTVTJOHBDPNQVUFS BOE8FCCSPXTFS ATTENTION Owners and CEOs running businesses with 10 to 50 people! How Much Money Are You Losing By Not Understanding Cloud Computing? You’re invited to attend a Free Exectutives Luncheon with Balti Group Consulting! Get a complete tour of the Data Center and learn: • How Cloud Computing gets done and why your competitors don’t want you to know about it. • The 5 Deadliest Cloud Computing mistakes CEOs make. • 3 ways Cloud Computing can save your business during a disaster. • How Cloud Computing can instantly and dramatically improve your company’s financials. To Register: Visit www.SanDiegoCloud.com or call 858.356.6751 Date/Time: April 6, 2011 from 10:30am to 1pm Location: AIS Data Center 9305 Lightwave Ave., San Diego, CA 92123 Balti Group Consulting The Care Your Computers Deserve PH 858.356.6751 • [email protected] • www.BaltiGroup.com Fuel prices may be headed up, but fuel consumption is under control for customers of San Diego-based Networkfleet Inc., a unit of Atlanta-based Hughes Telematics Inc. The 12-year-old company sells GPS wireless fleet management monitoring services, which help to save fuel, reduce emissions and lower maintenance costs, and even offer emergency roadside assistance to customers, fleet operators of two to 20 trucks or cars scattered across the private sector, including Kraft Foods Inc.’s Oscar Mayer division, operator of the famed Wienermobiles. Networkfleet also has customers in the public sector, including the state of Delaware and San Diego County. “Our phone really isn’t ringing off the hook just yet,” said Craig Whitney, vice president of marketing. “But we will see far more calls in the coming weeks and months as fuel prices continue to rise.” Whitney noted that his sales jumped 50 percent in 2007-2008, $SBJH8IJUOFZ when gas prices spiked near $5 a gallon, and have averaged an increase of 10 percent since then, but that’s going to change if high fuel prices hold. Networkfleet, which has installed 120,000 units in the U.S., is one of the top three competitors domestically serving a market of 20 million vehicles (that does not include the 2 million long-haul trucks). Substantial Market Potential Market research firm Frost & Sullivan said the European and North American markets for fleet telematics could jump to $700 million in 2015 from $80 million in 2008, as businesses rush to make their fleets more efficient. Bakersfield-based Britz-Simplot Grower Solutions LLC, which wholesales fertilizers, pesticides, seed, and on-farm services to farmers, saved 30 percent on its $1 million a year in insurance after installing Networkfleet devices on its fleet of 265 trucks. The monitoring system has the effect of forcing drivers to obey speed limits and not use the trucks or other vehicles for personal use. Using a desktop browser, customers sign onto a Web site where they can track what their fleet is doing. Woodbine, Md.-based D&D Drilling Inc. uses Networkfleet to schedule up to 20 projects a day for its fleet of 32 trucks. The system helps D&D Drilling track the progress of its workers, as well as making sure that they are at the proper work site. The driller estimates it is saving $270,000 a year through more efficient use of its trucks and employees. Partner Installs Devices As a Networkfleet partner and reseller, privately held Fallbrook-based RMJ Technologies installs the GPS tracking services and engine diagnostics, and offers devices of its own, such as cameras which give drivers a view of what is behind their NETWORKFLEET INC. CEO: ,FJUI4DIOFJEFS Revenue:&TUJNBUFE NJMMJPO No. of local employees: Headquarters: 6OJWFSTJUZ5PXOF$FOUFS Year founded: ,FJUI4DIOFJEFS Stock symbol and exchange:6OJUPG)VHIFT5FMFNBUJDT*OD )65$POUIF05$#VMMFUJO#PBSE Company description/FUXPSLáFFUJTB QSPWJEFSPGXJSFMFTTáFFUNBOBHFNFOUTFSWJDFT EFTJHOFEUPSFEVDFGVFMDPOTVNQUJPOBOE FNJTTJPOTBTXFMMBTNBJOUFOBODFFYQFOTFT RMJ TECHNOLOGIES CEO:.BVSJDJP#FSCFS Revenue:/PU EJTDMPTFE No. of local employees:'PVS Headquarters: 'BMMCSPPL Year founded: .BVSJDJP#FSCFS Company description:3.+5FDIOPMPHJFTJTBSFTMMFS PG/FUXPSLáFFUQSPEVDUTBOEBQSPWJEFSPG XJSFMFTTSFBMUJNFáFFUNBOBHFNFOUTFSWJDFT vehicles as they back up. “We’ve been expanding the business based on the business buzz we’ve been getting because of the fuel savings that can be achieved,” said RMJ Technologies Chief Executive Officer Mauricio Berber. In fact, Berber said the business grew 174 percent between 2007 and 2008, when fuel prices drastically increased. RMJ Technologies has been designated as the provider of the services by the Association of California Water Agencies in Sacramento, according to Berber. His 25-plus customers include such public service agencies as the Eastern Municipal Water District in Perris, Los Angeles Department of Water & Power and the Yorba Linda Water District in Orange County. Berber said RMJ has achieved an overall fuel reduction of between 20 percent and 25 percent for customers. Effective Pilot Program In 2008, RMJ did a pilot for the City of Ventura. Berber’s company put devices in seven of the city’s 425 fleet vehicles. Over the two-month pilot period, four of the trucks used 30 percent less gas than in the same period of the previous year. One vehicle cut its fuel use 50 percent. Based on the success, the city installed eight more units. So far, the devices have reduced gas consumption 10 percent for the eight additional vehicles. Mary Joyce Ivers, the city’s fleet manager, said, “It works really well with routing and the productivity of employees.” For example, she noted that it helps meet city policy not to let engines idle. The Eastern Municipal Water District estimates that it saved $136,000 in fuel costs and reduced the number of miles traveled by its fleet of 600 trucks during the first year. Tom York is a contributing editor for the San Diego Business Journal. Previous Page .BSDI 2-Page Spread 1-Page View Thumbnails SDBJ User Guide Front Page 4"/%*&(0#64*/&44+063/"- Table of Content Zoom In Zoom Out Next Page www.sdbj.com Pay the balance in full within 10 days of the statement closing date and get a 1.5% discount on virtually all purchases made that month. The discount will appear as a credit on the following billing statement. Pay 10% of the balance from new activity on your billing statement, plus the entire amount of any previously deferred payment or amounts past due by the “Please Pay By”date on that statement, and you can extend payment on the rest until the closing date of your next billing cycle, without penalty. Visit open.com/plum for details. ©2011 American Express Bank, FSB. All rights reserved. 1BHF Previous Page 2-Page Spread 1-Page View Thumbnails SDBJ User Guide Table of Content Zoom In Zoom Out Next Page 4"/%*&(0#64*/&44+063/"- www.sdbj.com 1BHF Front Page .BSDI Home Builders Are More Upbeat About Local Market CONSTRUCTION:Del Sur Getting Larger Houses; ‘Old Gang’ Back at Work City National allowed us to grow and make the the developer has plans for more than 3,000 homes sited on 4,700 acres north of state Route 56 and east of Interstate 15. The grading is the latest step in building out the project at Del Sur, which means that more homes will be hitting the market in about a year, said Bill Ostrem, president and chief executive officer of privately held Black Mountain Ranch LLC. More than $45 million is being spent to prepare for new homes, as well as on build-out of other pieces of the project that have been approved by the City of San Diego. In the meantime, Ostrem said Standard Pacific Homes, based in Irvine, and California West Communities, based in Carlsbad, planned to open three more subdivisions at Del Sur on March 19. For the first time, the builders in these new “neighborhoods” are putting up larger — 2,600- to 3,200-square-foot homes with big backyards, said Ostrem — compared with previous sizes of 1,600 to 2,000 square feet. “It’s the first time we have the large-sized home in our product mix,” he said. The construction also includes the widening of Camino Del Sur, the main road through the project, to four from two lanes in two locations. The work features restoration of habitat along Lusardi Creek, which was included in an agreement between the developer and Sierra Club signed 15 years ago, and the construction of two more neighborhood parks, bringing the total to six. They also were set to open March 19. investments necessary to be competitive. They’re Recovery Is Under Way ®Ê#Z50.:03, 1IPUPDPVSUFTZPG4DSJCF$PNNVOJDBUJPOT $POTUSVDUJPODPOUJOVFTPOIPNFTBOE%FM4VST,SJTUFO(MFOOFJHICPSIPPEQBSL5IFDPVOUZT IPVTJOHNBSLFUJTTUBSUJOHUPSFDPWFS The lumbering earth movers, not to mention the fluttering banners and flags, are back in action at the sprawling Black Mountain Ranch residential development, where #JMM0TUSFN “City National helps us compete.” I n the aerospace industry, there is no room for failure, so we need a very reliable bank. proactive and our banker is a member of our team. We use their full suite of online banking services and they provide our equipment financing and a strong line of credit. City National is The way up® for our business. Kellie Johnson President, ACE Clearwater Enterprises View Kellie’s complete story at cnb.com/thewayup. ©2011 City National Bank For a relationship you can trust, call (619) 677-1988. City National Business Banking Member FDIC “The flurry of activity is a vote of confidence in the local real estate market,” said Ostrem, a market that has been hit hard by the 2008-2009 recession. Ostrem said the downturn had brought new-home construction to a near standstill until Jan. 1, when buyers, mostly younger families in their late 20s and 30s with a child or two, began re-entering the market. Del Sur is one of two developments within the sprawling Black Mountain Ranch confines; the other is Santaluz, a 1,000-home project that was built out several years ago. Alan Nevin, who runs the San Diegobased real estate consulting firm MarketPointe Realty Advisors, said the activity at Black Mountain Ranch reflects what’s happening in the county’s housing market. “When we have a recovery, it usually starts with move-up products, and this is a very good example of that,” he said. “When you look at the sale of new detached homes, the last six to seven months have been increasingly strong for homes in the $600,000 to $900,000 range.” Many of the new homes in the Del Sur project start in the $600,000 range. “I talk to the builders quite regularly, and they are feeling somewhat upbeat,” he said. “It’s nice to see the old gang (of builders) back at work.” Nevin said the fact that the highly rated Poway Unified School District includes Del Sur makes the development that much more attractive to parents with school-age children. “Home values slipped less in these districts than they did in other systems,” said Nevin. Tom York is a contributing editor for the San Diego Business Journal. Previous Page 2-Page Spread 1-Page View .BSDI Thumbnails SDBJ User Guide Front Page 4"/%*&(0#64*/&44+063/"- Table of Content Zoom In Zoom Out Next Page www.sdbj.com %($,, *(/,#', *)*$+ *.$ +$+!(-+ ('(&)'$ +!*(&+,*,-)+,(,#(+ /$,#-),($%%$('$'''-% * . 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Among them are good lighting, audio, script and voice-over techniques. And the small cameras can’t accommodate the bigger lenses that go into making beautiful pictures. On the flip side are technological advancements that have introduced such things as high-definition video equipment, which produces better quality pictures that reproduce well on the big screen for a fraction of the price of standard definition equipment. New microphones, the size of a button, are also producing good audio, Schulze says. Schulze, who has worked on productions for adidas, Qualcomm Inc. and Oprah Winfrey, estimates that 80 percent of Crystal Pyramid Production’s work is for corporate clients, while the remaining consists of broadcast and TV commercials. With a staff of four employees, the 30year-old company generated $588,000 in gross revenue for 2009, ranking it No. 5 on the San Diego Business Journal’s latest Video Production Companies list. Swinging and Missing Jim Staylor, president and executive producer of locally based Staylor-Made Communications Inc., said, “You can buy the same bat that Tony Gwynn uses to hit home runs, but that doesn’t mean you know how to use it.” Because the price has come down on the cost of video production, Staylor says people are willing to try to do it themselves, but often they’re disappointed with the result. “There’s people willing to do things so inexpensively they’re really dumbing it down,” said Staylor, a 25-year industry veteran who works solo from his Poway home with a cast of contractors on corporate videos. “They think ‘good enough’ is good enough, and it’s not. “If the goal is to have a video on a Web site, that’s easy,” he added. “To actually have a good video, that’s something else.” Cost containment is an issue for Staylor these days because he says people aren’t willing to pay as much for his services. Staylor-Made Communications, which ranks 11th on the Video Production Companies list with $179,449 in gross revenue in 2009, has produced training videos for Souplantation, a promotional piece for Outback Steakhouse, and recordings of Honda sales training seminars. Quality Still Counts David Zeigler, president and executive producer of Wind River Media in Golden Hill, says that in some situations the advanced tools available today make it easier to do quality work as well as make the production process easier. Editing suites on computers, for example, enable video producers to keep their work in-house and make it possible %BWJE;FJHMFS to work with much shorter timelines. Previous Page .BSDI 2-Page Spread 1-Page View Thumbnails SDBJ User Guide Front Page 4"/%*&(0#64*/&44+063/"- Table of Content Zoom In Zoom Out Next Page www.sdbj.com 1BHF Previous Page 1BHF 2-Page Spread 1-Page View www.sdbj.com Thumbnails SDBJ User Guide Front Page Table of Content Zoom In Zoom Out Next Page 4"/%*&(0#64*/&44+063/"- .BSDI Things May Be Looking Up as Office Market Is on the Bottom San Diego is by no means alone in having an office market that remains in the “bottoming” phase of its real estate cycle. In fact, the latest National Office Occupier Outlook report, REAL ESTATE by the brokerage firm Lou Hirsh Jones Lang LaSalle, categorizes nearly every major U.S. market in that mode. There are no markets listed as “peaking” or “falling,” and only three are considered to be “rising” — San Francisco, Pittsburgh and Washington, D.C. Meanwhile, Baltimore and Denver are on the borderline between a bottoming and rising market. The largest group of office markets, including San Diego, is no longer in free fall but hasn’t yet left the bottom, because of a combination of excess supply, high vacancies and limited employment growth that is dampening office space demand. San Diego sits near the middle of the pack, at about the same stage of its office real estate cycle as markets including Chicago, Los Angeles, Silicon Valley, Charlotte, N.C., and Fort Lauderdale, Fla. But the national situation is steadily changing as the economy improves. The brokerage firm notes that while 94 percent of U.S. markets are now “tenant favorable,” that figure will be just 31 percent in 2012. In San Diego, the firm says asking rents dropped 7.3 percent during the past year, largely due to the “flight to quality” trend of companies relocating to better 1IPUPDPVSUFTZPG-FF"TTPDJBUFT "OFXEFWFMPQNFOUPGUPXOIPNFTXJMMSFQMBDFFYJTUJOHCVJMEJOHTBU1FBSM4USFFUBOE)FSTDIFM "WFOVFJOUIFIFBSUPG-B+PMMB sites thanks to competitive incentives. Rents in various submarkets are down 10 percent to 25 percent from pre-recession highs, with some vacancy rates still above 20 percent. However, while there is some light mixed-use and build-to-suit activity, the development pipeline for speculative office buildings is empty, and 2011 could be the first year in decades with no new spec office development. That means tenants’ window of opportunity is gradually closing, as some industry sectors see employment growth and the best locations get snapped up. Jones Lang LaSalle says tenants in a position to renew in the next year are encouraged to do so before the market begins a more robust recovery and rents head upward. ••• Tracking the Big Downtown Markets: Jones Lang LaSalle also recently released its inaugural “Skyline 20” report, comparing the downtown office markets of 20 large U.S. and Canadian cities. And it appears that San Diego’s performance — based on what was happening with its 20 biggest downtown high-rises at the end of 2010 — has a lot of room for improvement. San Diego’s downtown total vacancy rate of 17.6 percent places it 15th among the major markets. (New York City’s vacancy was lowest at 10.5 percent.) San Diego’s 2010 net absorption, at negative 51,979 square feet, placed it 16th. (Charlotte was first with a positive 1.2 million square feet.) The average asking rent of $27.96 per square foot placed San Diego at 17th. (Washington, D.C., was first at $70.64.) The 12-month rent change of negative 8 percent placed it at 18th. (No. 1 San Francisco saw a 6 percent rise.) ••• Capital Firm Backs La Jolla Project: Since its founding in 2009, San Diegobased Presidio Residential Capital has wasted little time putting its cash to work. The privately held company, led by founder and Chief Executive Officer Don Faye, has financed 10 projects throughout California in the past 14 months, exceeding $120 million. The latest is a 24-home development in the heart of La Jolla. Presidio announced March 3 that it made a $10.5 million loan to Zephyr La Jolla Investors LLC, which plans to build 24 townhomes on Pearl Street at Herschel Avenue. The low-rise luxury town houses, called La Jolla Townhomes, will replace an existing six-unit apartment complex and a single-story commercial office building. The loan to Zephyr will help fund the land purchase, demolition and construction at the site, which covers about a third of an acre. Zephyr bought the parcel from Pearl & Herschel LLC for $7.6 million, according to brokerage firm Lee & Associates, which represented the buyer. Zephyr is looking to break ground in the next three to four months. Send commercial real estate and development news of general local interest to Lou Hirsh via e-mail at [email protected]. He can be reached at 858-277-8904. THE EMC BUSINESS FORUM PROUDLY PRESENTS THE SIXTH ANNUAL CLOSELY-HELD AND FAMILY BUSINESS RETREAT STRATEGIES FOR MOVING FORWARD IN CHANGING TIMES PRESENTING: The Souza Family Pyro Spectaculars Gregg Koch Stone Brewing Company APRIL 15 – 16, 2011 THE INN AT RANCHO SANTA FE The Stories. The Wisdom. The Facts The Lundberg Family Farms Rob Slee Midas Marketing TOP 3 REASONS TO ATTEND 1. Optimize your company through growth and diversification 2. Increase and extend your networking skills 3. Understand and create an effective succession and transition strategy To register visit our website at www.sdsu.edu/emc or call Braden Priest 619.594.2781 Previous Page 2-Page Spread 1-Page View .BSDI Thumbnails SDBJ User Guide Front Page Table of Content 4"/%*&(0#64*/&44+063/"- Zoom In Zoom Out Next Page www.sdbj.com March 30 -April 2, 2011 Presented by Twenty-Two Empowering Speakers t%S,FO%SVDL Wendy Walker Producer of Larry King Live Author, The Secrets Men Keep Founder of the Jenna Druck Foundation t5JOB.JDLFMTPO PGA Golf Professional t&E-PJT4NBSU Parents of Elizabeth Smart John Assaraf Winning the Game of Success Featured in the Secret t$BSPM-F#FBV Former News Anchor and Health Reporter t%S/JDL:QIBOUJEFT The Miracle of Personal Transformation Tina Mickelson PGA Golf Professional t4VTJF8BMUPO Empowering Our Children t5BOZB#SPXO Meeting Everyone Else’s Expectations Sister of Nicole Brown Simpson t,JN#BSOPVJO Sam the Cooking Guy Feeding your Soul and your Stomach New York Times Bestselling Author Skinny B and Skinny B in the Kitch t$BUIZ"OEFSTPO How Women Can Succeed in the Film Industry Ingrid Croce Owner, Croce’s Restaurant Tickets $25 ~ $59 858.487.1767 sdwomensweek.com March 30 - April 2 at the California Center for the Arts, Escondido 1BHF Previous Page 2-Page Spread 1-Page View Thumbnails Front Page Table of Content Zoom In Zoom Out Next Page 4"/%*&(0#64*/&44+063/"- www.sdbj.com 1BHF SDBJ User Guide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¨continued on page 16 Previous Page 2-Page Spread 1-Page View Thumbnails .BSDI SDBJ User Guide Front Page Table of Content Zoom In 4"/%*&(0#64*/&44+063/"- EXECUTIVE PROFILE Mark Albers is the director of Merrill Lynch Wealth Management for San Diego, which includes offices in San Diego, La Jolla, Rancho Bernardo and University Towne Center. Merrill Lynch provides comprehensive wealth management and a range of products and services for individuals and institutions. BUSINESS PHILOSOPHY Essential business philosophy: Share your vision and goals with those you work with, empower them and watch them grow. Best way to keep a competitive edge: Be connected with clients, and respond to what they want to make them successful. Guiding principles: Deal with issues immediately; there is no point to a to-do list. Yardsticks of success: Hearing and seeing how we have helped a client create a reality out of their dream. Goals yet to be achieved: We are always raising the bar with regard to growing our financial advisers and assets under management. JUDGMENT CALLS Best business decision: Joining Merrill Lynch. Toughest business decision: Personnel issues are always the toughest. Mentor: John Jensen, my former director. Word that describes you: Decisive. TRUE CONFESSIONS Zoom Out Next Page www.sdbj.com 1BHF Mark Albers Coaching and working with our financial advisers. What you like least about your job: Administrative duties. Pet peeves: Long answers. Most important lesson learned: Get the tough work done first. Person most interested in meeting: Lewis MacKenzie — retired Canadian general, author and media commentator, most famous for establishing and commanding Sector Sarajevo as part of the United Nations Protection Force UNPROFOR in Yugoslavia in 1992. General MacKenzie was a great leader and I would love to hear about his leadership challenges and decision-making process. Three greatest passions: My family, my dogs (Alaskan klee kai, aka “mini-huskies”), and golf. First choice for a new career: No idea. PREDILECTIONS Favorite quote: “The future depends on what we do in the present” — Mahatma Gandhi. Most influential book: “The Alchemist,” by Paulo Coelho. Favorite status symbol: Free time. Favorite restaurant: Soleluna Cafe in San Diego. Favorite place for business meetings: The US Grant hotel. Favorite vacation spot: Hawaii. Favorite way to spend time: Hanging out with our family. What you like best about your job: 4UFWF"EBNFL RESUME Name: Mark Albers. Company: Merrill Lynch Wealth Management. Title: Director, San Diego region. Revenue — 2010: $87,000,000 (local revenue). Education: Business Administration, Royal Military College of Canada, 1985. Birthplace: Montreal, Canada. Age: 47. Current residence: San Diego and Redondo Beach. Family: Wife, Karen; four children. TAXES IN 2011: What They Mean to Hospitality Businesses The Tax Relief, Unemployment Insurance Reauthorization and Job Creation Act of 2010 (“the Act”) provides significant tax planning opportunities for hospitality businesses, including: DEPRECIATION INCENTIVES The Act increases the 50 percent bonus depreciation deduction to 100 percent for qualified investments made after September 8, 2010 Marshall Varano, CPA and before January 1, 2012. Qualified real property improvements are not included in these bonus depreciation provisions but may qualify for other deductions. A cost segregation study may be useful in identifying qualifying property for these provisions and identifying assets with shorter depreciable lives. TAX CREDIT INCENTIVES The Research and Development credit may apply to self-created software and certain production processes (i.e., those used in breweries). The Work Opportunity Tax Credit has been extended for hires beginning employment after August 31, 2011 and before January 1, 2012. There are also Federal and state Enterprise and Empowerment Zone credits available to employers for certain qualifying employees. The HIRE Act, also passed in 2010, provided a significant provision that gave a payroll tax holiday for employers that, in general, hired a worker, after February 3, 2010, who was not employed for more than 40 hours during the 60-day period prior to the hire by the taxpayer. Additionally, if the employee remained on the payroll for a continuous 52-week period, the employer may be eligible for a non-refundable income tax credit. The Act also extended many energy credits. OTHER TAX ISSUES TO CONSIDER FICA: Employers must adjust the amount withheld for Social Security’s Old Age, Survivors, and Disability Insurance (“OASDI”), also known as Social Security tax. Meals: Generally meals provided for the convenience of the employer are not considered taxable income to the employee and are deductible by the employer. Gift Cards: Hospitality companies must report revenue received from gift card sales in accordance with IRC Section 451 and determine if it is eligible for deferral pursuant to Revenue Procedure 2011-18 Wholesale Sales: If your business makes wholesale sales, have you determined if you qualify for the IRC Section 199 deduction? Lease Considerations: Pursuant to IRC Section 110, in certain situations, cash allowances or rent deduction amounts may be excluded from taxable income. Internet Sales and Other: Are your internet sales subject to sales tax? Have you properly addressed the issue of sales tax with respect to complimentary meals and discount coupons? Are smallwares expenses being deducted pursuant to Revenue Procedure 2002-12? These are only a few of the many tax-related issues applicable to your industry. Combining a tax check-up with proper cost management, inventory control, employee theft, and pricing and concept branding, an owner can achieve success in a very competitive and ever-changing industry. Employee Marshall Varano, CPA, is a tax partner in the San Diego office of J.H. Cohn. Contact Marshall at 858-300-3424 or visit www.jhcohn.com. 1055 Second Avenue, San Diego, CA 92101 Telephone: 619-238-1818 | westgatehotel.com We turn expertise into results. Note: For state income tax purposes, California offers limited or no conformity to these Federal provisions. Circular 230 Notice: In compliance with U.S. Treasury Regulations, the information included herein (or in any attachment) is not intended or written to be used, and it cannot be used by any taxpayer for the purpose of i) avoiding penalties the IRS and others may impose on the taxpayer or ii) promoting, marketing, or recommending to another party any tax related matters. Previous Page 2-Page Spread 1-Page View Thumbnails Front Page Table of Content Zoom In Zoom Out Next Page 4"/%*&(0#64*/&44+063/"- www.sdbj.com 1BHF SDBJ User Guide .BSDI ¨continued from page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¨continued on page 18 Previous Page .BSDI 2-Page Spread 1-Page View Thumbnails SDBJ User Guide Front Page 4"/%*&(0#64*/&44+063/"- Table of Content Zoom In Zoom Out Next Page www.sdbj.com CREATE A CULTURE OF GOOD HEALTH. Employers that choose Kaiser Permanente are not only making an investment in their business, they’re making an investment in their people. In fact, companies with the most effective health plans consistently report higher revenue per employee as well as higher shareholder returns. Of course, the biggest benefit of all is keeping the people you work with happy and healthy. 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""# " %2%!1#(%$"83%/(!-)%+)$$%-!-$!)-! .42)& 7,;05:82>6:)208/,+,* ¨continued on page 22 Previous Page 2-Page Spread 1-Page View Thumbnails .BSDI SDBJ User Guide Front Page Table of Content 4"/%*&(0#64*/&44+063/"- NEWS IN BRIEF Zoom In Zoom Out Next Page www.sdbj.com Breaking news from www.sdbj.com City Transfers Ownership of Redevelopment Properties Officials have approved the transfer of ownership on 133 properties, valued at more than $250 million, from San Diego’s redevelopment agency directly to the city. San Diego City Council backed the move on March 15, as officials moved to protect redevelopment projects in the event that California proceeds with a proposal to do away with the state’s 325 local redevelopment agencies. The properties to be transferred include several in the downtown area, including Balboa Theatre and Lyceum Theatres, both located next to Horton Plaza. There are also 47 properties, including historic buildings, at the former Naval Training Center, which in recent years has been developed as the mixed-use Liberty Station. Other properties are in redevelopment project districts including City Heights, Gateway Center West, Linda Vista, Mount Hope, North Park and Southcrest. The transfer followed the council’s recent move to approve $4.1 billion in redevelopment projects. State legislation has not been finalized. However, a legislative panel has approved a portion of a plan by Gov. Jerry Brown, in which the state in 2012 would take control of $1.7 billion in unspent redevelopment funds, then send them directly to school districts, city and county general funds starting in 2013. -PV)JSTI Astute Medical Wraps Up $13M Financing Round Astute Medical, a San Diego-based medical diagnostic company, said March 8 that it completed a $13 million financing round, which was an extension of a $12.5 million round completed in May. Together with an initial investment round of $6.2 million, Astute has raised $45.7 million since its founding in 2007. Among the investors in the latest round are the same that participated in last year’s round, including Domain Associates L.L.C., Delphi Ventures, De Novo Ventures and Johnson & Johnson Development Corp. The company makes diagnostic tools that improve the detection of high-risk conditions through the identification and validation of protein biomarkers. .JLF"MMFO Certified Public Accounting Firm Names Audit Partner McGladrey & Pullen LLP announced on March 14 that Keith Spicher has joined the firm as an audit partner in its San Diego office. Spicher has more than 16 years of experience providing audit and business advisory services to a broad range of public and investor-backed private companies. He comes to McGladrey from the San Diego practice of a regional firm. #SBE(SBWFT Dr. Comfort’s in the House: DJO Buying Footwear Firm Vista-based DJO LLC said March 15 that it has agreed to buy Wisconsin-based Rikco International LLC for $254.6 million in cash. Rikco makes footwear for diabetics and sells it under the name Dr. Comfort. Credit Suisse Group AG will provide DJO with up to $260 million to finance the acquisition, which is expected to close in 30 to 45 days, pending government approval. Rikco reported net sales of $71.8 million .JDIBFM%PNJOF 5IF #BMCPB 5IFBUSF JT BNPOH QSPQFSUJFT UIF$JUZ$PVODJMUSBOTGFSSFEGSPN4BO%JFHPT SFEFWFMPQNFOUBHFODZEJSFDUMZUPUIFDJUZ5IF DPVODJMXBTBDUJOHUPQSPUFDUQSPQFSUJFTJOUIF FWFOUUIBUUIFTUBUFFMJNJOBUFTSFEFWFMPQNFOU BHFODJFT in 2010, up from $58.6 million in 2009. DJO’s product line includes orthopedic braces and other medical devices. The company serves athletes and the medical community. DJO reported $966 million in sales in 2010, up from $946 million in 2009. #SBE(SBWFT Successful meetings so easy, they’re a walk on the beach. Fallbrook Technologies Joins Chinese Firm in Joint Venture Fallbrook Technologies Inc. said March 14 that it has forged a joint venture with Ningbo Shentong Group, a Chinese autoparts manufacturer, to develop and market Fallbrook’s transmission technology for the Chinese and other foreign markets. The joint venture, called Shentong Fallbrook CVT Co. Ltd., will apply Fallbrook’s transmission to electric and hybrid electric passenger cars as well as light trucks. Fallbrook Technologies invented the NuVinci continuously variable planetary transmission. The company’s headquarters is in Sorrento Mesa. With 65,000 square feet of flexible indoor and outdoor space, 44 acres of lush tropical gardens and more than a mile of white sand beach, meetings at Paradise Point are a little different. Located 10 minutes from San Diego Airport, on Mission Bay. #SBE(SBWFT Ace Parking’s Expansion Extends Into Nebraska San Diego-based Ace Parking Management Inc., among North America’s largest privately owned parking management companies, has expanded its operations to Omaha, Neb. A March 15 company statement said Nebraska is now the seventh state in which Ace Parking has operations. The firm will provide management services for the newly renovated City Center Garage and Doubletree Hotel in downtown Omaha, which are served by an 800-car garage. Ace Parking Management was founded in 1950 and has annual revenues exceeding $369 million. -PV)JSTI FREE DAILY UPDATE Keep up with the latest local business news prepared by the reporters and editors of the San Diego Business Journal and sent to you by e-mail every business day. Sign up now at sdbj.com Meet in Paradise Book your next meeting by June 30th and receive 5% OFF your master bill, 250,000 American Express Membership Rewards Points and more!* ParadiseMeetings.com | 855.244.4662 *Must book by 6/30/11 and actualize by 12/31/11. Valid for new business only. Other restrictions may apply. Minimum spend to receive 5% discount is $10,000. 1BHF Previous Page 2-Page Spread 1-Page View Thumbnails ¨continued from page 20 Front Page Table of Content Zoom In Zoom Out Next Page 4"/%*&(0#64*/&44+063/"- www.sdbj.com 1BHF SDBJ User Guide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revious Page 2-Page Spread 1-Page View Thumbnails SDBJ User Guide Front Page .BSDI 4"/%*&(0#64*/&44+063/"- REGIONAL REPORT News and notes from communities around San Diego County X $"3-4#"% CARLSBAD Harlingwood Takes Stake in Orange 21 Carlsbad-based Orange 21 Inc., which produces Spy Optic glasses and goggles for the youth market, received a $1.17 million infusion from a private equity firm in late February. An affiliate of Carmel Mountain-based Harlingwood Equity Partners, Harlingwood Alpha LLC, bought 712,121 shares of Orange 21 stock at $1.65 a share in a deal finalized Feb. 28. The sale came on a day when the stock was trading at $1.85. Orange 21 made the deal public March 4. Harlingwood will be able to name a director to the Orange 21 board. Harlingwood Alpha’s manager is Fir Geenen. “We are thrilled to have them as shareholders,” said Stone Douglass, Orange 21’s chief executive officer. For the 52 weeks ending March 11, shares of Orange 21 have swung between 25 cents and $2.25. Shares hit that 52-week high on March 9. The stock trades over the counter as ORNG.OB. #SBE(SBWFT X 108": POWAY ISE Says Shareholders Unlikely to Get a Return ISE Corp., a Poway maker of hybrid electric drive systems for trucks and buses, said in a March 8 securities filing that it sold the firm’s assets in a bankruptcy court approved auction for $3.72 million. As reported in the Feb. 21 San Diego Business Journal, Bluways USA, a Belgium-based company, was the buyer. The new owners said they intend to continue ISE’s operations, although its staff was reduced to about 40 from the previously disclosed staff of 75 in September. At its peak, it had 138 workers. In the most recent filing, ISE said after court expenses are paid, proceeds from the sale will be distributed to outstanding general unsecured claims. The company said shareholders will likely get nothing. ISE raised $20.7 million in February 2010 in an initial public offering conducted on the Toronto Stock Exchange. Yet soon after, the business got into a cash crunch and was unable to find additional financing. ISE also said it won’t be filing any further financial statements as it has no funds to pay auditors. .JLF"MMFO X 4"/%*&(0 SAN DIEGO Fallbrook Technologies Makes Texas Acquisition Fallbrook Technologies Inc., a San Diego maker of gearless transmissions, said March 7 it acquired Hodyon LP, a Texas business that makes energy-efficient products. Terms of the deal were not disclosed. Hodyon’s main product is a diesel-electric auxiliary power unit used in heavy trucks to provide power for heating and air conditioning, lighting and electronic systems when the diesel engine is turned off. Located in Round Rock near Austin, Hodyon both makes and distributes its systems, and has 28 employees. That would Table of Content Zoom In Zoom Out Next Page www.sdbj.com 1BHF bring Fallbrook’s total employment to about 90. Since its founding in 2000, Fallbrook Technologies has raised $95 million in venture investment. The major shareholders are Macquarie Capital Markets, NGEN Partners and Robeco. .JLF"MMFO X $"3-4#"% CARLSBAD Gaming Platform Provider Relocating Headquarters NTN Buzztime Inc., which provides a console-based social entertainment, gaming and marketing platform used in bars and restaurants, is relocating its Carlsbad headquarters. The company will move in June from its current Class B office space on La Place Court, after recently signing a lease for 28,458 square feet of Class A space at 2231 Rutherford Road, in the Carlsbad Courtyard complex at Carlsbad Research Center. The new space is within a two-story building totaling 40,000 square feet, according to a March 7 statement from Voit Real Estate Services Inc. and 360 Commercial Partners, which represented NTN Buzztime. Financial terms were not disclosed, but the brokerage firms said the transaction is among Carlsbad’s largest office leasings by square footage in 2011. The building’s landlord, Bill Beckman of Solana Beach, was represented by Cassidy Turley BRE Commercial. The building was previously home to Smiths Medical and Axis Financial Services Inc. -PV)JSTI 1IPUPDPVSUFTZPG$PNNFSDJBM1BSUOFST /5/ #V[[UJNF JT NPWJOH JUT IFBERVBSUFST JO +VOF UP UIJT $BSMTCBE 3FTFBSDI $FOUFS CVJMEJOH X $)6-"7*45" CHULA VISTA Goodrich Acquires Work On Fuel-Efficient Jet Engines Goodrich Corp. said March 9 that it will provide nacelles for a new, fuel-efficient engine to be fitted on A320 jets from Airbus S.A.S. Nacelles, or engine housings, are a specialty at the local Goodrich plant. Financial terms of the deal were not disclosed. The engine is a Pratt & Whitney model, called the PurePower 1100G. Pratt & Whitney is a division of Connecticut-based United Technologies Corp. The modified A320 is called the A320neo, standing for new engine option. The new engines are expected to burn about 15 percent less fuel than current engines. The modified aircraft is scheduled to enter service in 2016. Goodrich will also provide thrust reversers. #SBE(SBWFT Previous Page 2-Page Spread 1-Page View Thumbnails Front Page Table of Content Zoom In Zoom Out Next Page 4"/%*&(0#64*/&44+063/"- www.sdbj.com 1BHF SDBJ User Guide .BSDI DEFENSE CONTRACTS - FEBRUARY 2011 - RANKED BY AMOUNT TO SAN DIEGO Rank Date Military Branch Prime Contractor Location Contract Amount Project Percent to San Diego County Amount to San Diego Address 1 2/2/2011 Air Force General Atomics Aeronautical Systems Inc. Poway, CA 24 MQ-9 Reaper production aircraft $148,255,502 100% $148,255,502 14200 Kirkham Way Poway, CA 92064 858-312-2294 www.ga-asi.com 2 2/23/2011 Navy Superior Services Fresno, CA Operate 20 Marine Corps garrison mess halls $55,426,171 80% $44,340,937 1505 N. Chestnut Ave. Fresno, CA 93703 559-458-0507 www.superiorservices.com 3 2/25/2011 Navy Lafayette Group Inc. Vienna, VA Technical support to federal, state and local government agencies $18,042,428 85% $15,336,064 1919 Gallows Road, #630 Vienna, VA 22182 703-760-8866 www.lafayettegroup.com 4 2/16/2011 Navy Sygnos Inc. San Diego, CA Repair of facilities at Marine Corps Base Camp Pendleton and Naval Weapons Station Fallbrook $15,000,000 100% $15,000,000 3996 Mahaila Ave., Suite D San Diego, CA 92122 858-552-0314 www.sygnos.com 5 2/18/2011 Navy Northrop Grumman Systems Corp. Bethpage, NY Airborne sense and avoid capability for the broad area maritime surveillance unmanned aircraft system $25,575,767 50% $12,787,884 600 Grumman Road W. Bethpage, NY 11714 516-575-0574 www.northropgrumman.com 6 2/3/2011 Navy BAE Systems San Diego Ship Repair San Diego, CA USS Benfold extended dry-docking maintenance $11,000,218 100% $11,000,218 2205 E. Belt St. San Diego, CA 92113 619-238-1000 www.baesystems.com 7 2/25/2011 Air Force Northrop Grumman Systems Corp. San Diego, CA Ground station for the Air Force global hawk program $10,375,000 100% $10,375,000 9356 Spectrum Center Blvd. San Diego, CA 92123 619-239-9856 www.northropgrumman.com 8 2/7/2011 Navy BAE Systems Information and Electronic Systems Integration Inc. Wayne, NJ Link 16 software in-service support for the Joint Program Executive Office, Joint Tactical Radio System Network Enterprise Domain $9,393,974 50% $4,696,987 164 Totowa Road Wayne, NJ 07474 973-633-6000 www.baesystems.com continued on page 25 Source data: U.S. Department of Defense N A T I O N A L U N I V E R S I T Y ® GAIN BUSINESS AND MANAGEMENT SKILLS TO SET YOURSELF APART IMPROVE YOUR CHANCES IN TODAY’S COMPETITIVE JOB MARKET ZLWK D EXVLQHVV GHJUHH IURP 1DWLRQDO 8QLYHUVLW\ $Q DFFUHGLWHG QRQSURILW LQVWLWXWLRQ1DWLRQDO8QLYHUVLW\PDNHVLWFRQYHQLHQWWRJHW\RXUEDFKHORU·V RUPDVWHU·VGHJUHHZLWKDRQHFRXUVHSHUPRQWKIRUPDWDVZHOODVRQOLQH DQGRQFDPSXVRSWLRQV Areas of study include: - Business Administration - Human Resources Management - Management - Accountancy and Finance - Organizational Leadership 1DWLRQDO8QLYHUVLW\ Ǩ ǤǤȁ͜ ͔͔ǤǤ ȋ͚͖͜Ǥ͚͘͜͜Ȍ The University of Values An Affiliate of the National University System Previous Page 2-Page Spread 1-Page View .BSDI Date SDBJ User Guide Front Page Table of Content Zoom In 4"/%*&(0#64*/&44+063/"- continued from page 24 Rank Thumbnails Zoom Out Next Page www.sdbj.com 1BHF DEFENSE CONTRACTS - FEBRUARY 2011 - RANKED BY AMOUNT TO SAN DIEGO Military Branch Prime Contractor Location Project Contract Amount Percent to San Diego County Amount to San Diego Address 9 2/2/2011 Navy ViaSat Inc. Carlsbad, CA Multifunctional information distribution system for Joint Tactical Radio Systems $6,824,000 30% $2,047,200 6155 El Camino Real Carlsbad, CA 92009 760-476-2200 www.viasat.com 10 2/2/2011 Navy Raytheon Co. Falls Church, VA Upgrades to the tactical control system for the Office of the Secretary of Defense architecture $6,667,569 21% $1,400,189 7700 Arlington Blvd. Falls Church, VA 22040 703-560-5000 www.raytheon.com 11 2/11/2011 Navy CACI Technologies Inc. Chantilly, VA Systems engineering services in support of integrated ship self-defense $24,162,560 5% $1,208,128 14151 Park Meadow Drive Chantilly, VA 20151 703-802-8400 www.caci.com 12 2/18/2011 Navy BAE Systems Technology Solutions & Services Inc. Rockville, MD Support of electronic communication equipment, systems and subsystems $7,745,712 6% $464,743 1601 Research Blvd. Rockville, MD 20850 301-838-6000 www.baesystems.com 13 2/16/2011 Navy CAE USA Inc. Tampa, FL Upgrade of one MH-60S operational flight trainer; MH-60S software engineering environment virtual development laboratory; upgrade and pre-integration testing of an MH-60S tactical operational flight trainer $7,405,368 1% $88,864 4908 Tampa W. Blvd. Tampa, FL 33634 813-885-7481 www.cae.com 14 2/25/2011 Navy Lockheed Martin Corp. Moorestown, NJ Engineering services for DDG 51 class and CG 47 class Aegis combat system installation, integration, test and fleet life cycle engineering $7,500,000 1% $75,000 199 Borton Landing Road Moorestown, NJ 08057 856-722-4100 www.lockheedmartin.com 15 2/11/2011 Army Helix Electric Inc. San Diego, CA Electrical system upgrades to the San Francisco Veterans Affairs Medical Center $13,478,700 nd nd 8260 Camino Santa Fe, Suite A San Diego, CA 92121 858-535-0505 www.helixelectric.com Total Contract Amount: $366,852,969 Total Amount to San Diego: $267,076,716 Source data: U.S. Department of Defense nd Not disclosed If amount to San Diego is not disclosed, contracts are ranked by contract amount. Previous Page 2-Page Spread 1-Page View 1BHF Thumbnails SDBJ User Guide Front Page Table of Content Zoom In Zoom Out Next Page 4"/%*&(0#64*/&44+063/"- www.sdbj.com .BSDI Solar: ¨from page 3 sion of France-based tech provider Soitec, which plans to build a new factory in the San Diego region. Clark Crawford, general manager of business development for Concentrix’s North American operations, said the exact location of the plant will likely be finalized this summer, with construction to take about 18 months. The factory is expected to employ 450 at full capacity. That will be a significant boost from the eight people currently employed at the company’s U.S. headquarters in La Jolla. Concentrix’s main global operations are based in Germany. Crawford said the San Diego region was chosen for the factory for access to a trained, technology-oriented work force, and also to minimize transportation costs related to serving customers in its target markets. “Most of our U.S. customers are in places like the Southwest, where you get access to large amounts of direct sunlight,” Crawford said. Employment Opportunities Concentrix officials estimated that in addition to the 450 manufacturing jobs, the San Diego plant at full capacity will generate more than 1,000 indirect jobs in the region. Nearly 300 construction jobs also are expected to be created in the Imperial Valley during the two-year construction of the power generation facility. The contract calls for up to 150 megawatts of solar energy to be generated at the Imperial Solar Energy Center West’s proposed 1,057-acre facility near El Centro. That facility will connect with SDG&E’s Imperial Valley substation, and its renewable solar energy will be transmitted over the utility’s Sunrise Powerlink transmission line to serve its San Diego County customers. The transmission line is under construction and slated for completion in 2012. The utility estimates that the Imperial Valley solar project will help prevent the release of 117,000 metric tons of greenhouse gas emissions into the air, the equivalent 1IPUPDPVSUFTZPG$PODFOUSJY4PMBS 4BO%JFHP(BT&MFDUSJDJTFOUFSJOHBZFBSBHSFFNFOUUPPCUBJOTPMBSHFOFSBUFEQPXFSGSPNBGBDJMJUZCFJOHCVJMUCZ5FOBTLB4PMBS7FOUVSFT JO*NQFSJBM$PVOUZ of taking 20,000 cars off the road locally. James Avery, SDG&E’s senior vice president of power supply, said the utility is about two-thirds of the way toward reaching its goal, set in 2008, of obtaining at least a third of all its power from renewable sources. Similar Projects Yet to Unfold Negotiations are in progress with other Law: MCKENNA LONG & ALDRIDGE LLP ¨from page 3 Managing partner: .BSL'MBOBHBO+S Sue Hodges, a managing partner for K&L Gates, declined to comment on Seidman’s departure, which stripped the firm of its local life sciences patent prosecution practice. “Firmwide, we have a very robust intellectual property practice, both patent prosecution and intellectual property litigation and counseling,” Hodges said. “Both firmwide and locally, we have a very robust lateral partner recruiting effort under way.” McKenna Long ranked 48th on the San Diego Business Journal’s latest list of Law Firms with 12 local lawyers as of Jan. 1, while K&L Gates ranked 57th on the 69firm list with eight local lawyers. Most of Seidman’s clients are emerging, early stage life sciences companies seeking vigorous patent representation to protect complex intellectual property, she said. The Right Move McKenna Long recently moved to the University Towne Center area from its longtime downtown Symphony Towers location. The move was critical to Seid- Gross revenue: NJMMJPOJO BCPVUNJMMJPOJO No. of local employees: Year founded: Company description:*OUFSOBUJPOBMMBX àSNUIBUPGGFSTUSBOTBDUJPOBMMJUJHBUJPOBOE HPWFSONFOUBMSFHVMBUPSZTFSWJDFT man’s decision to join the firm, according to Chris Humphreys, the San Diego office managing partner. “You need to be in a physical location to practice what Dr. Seidman’s group does, to service the sector’s clients,” Humphreys $ISJT)VNQISFZT said. “We didn’t move to recruit her — this is where the top sectors of our business are clustered. But she was, by far, the first choice for our life sciences team.” Seidman’s team is expected to beef up McKenna’s life sciences IP practice. While declining to give annual billing figures for the 20-person team — the firm plans to corporate partners on similar alternative energy projects. “I’m confident we’ll be able to announce the details by the end of this year,” Avery said. The San Diego Concentrix factory will produce proprietary concentrated photovoltaic panels and related equipment. In addition to supplying materials for the Imperial County power plant, company officials said the factory will be able to hire two to three more attorneys — Humphreys described the group as financially self-sustaining. “We have a fantastic intellectual property practice in our Washington, D.C., office,” Humphreys said. “We did not have capability in life science and we didn’t have anybody on the West Coast.” Humphreys said McKenna Long has added more than 30 attorneys since December. “We’ve been looking to grow the San Diego office in ways that make sense — intellectual property is one of those ways,” he added. Pairing Scientists With Attorneys Kate Patterson of PattersonDavis Consulting, a San Francisco-based attorney recruitment firm, said Seidman was one of the earliest to hire scientists and pair them with attorneys. “When you have a very forward looking science need, someone who has been in law school and away from the science for a while isn’t as current,” Patterson said. Patterson added, “Stephanie is widely known for her tremendous depth in life sciences and extremely loyal clients.” Marty Graham is a freelance writer for the San Diego Business Journal. supply other utility-scale solar projects throughout the desert Southwest. In a statement issued by SDG&E, Tenaska and Soitec, San Diego Mayor Jerry Sanders said the factory project serves as a model for how the shift toward clean energy can boost the region’s economy. “It creates skilled manufacturing jobs and builds our base of innovative companies,” Sanders said. FREQUENTLY REQUESTED ONLINE Breaking news: Posted as it happens on our Web site. Visit www.sdbj.com Daily e-mail update: Delivered to your inbox every business day. Sign up at www. sdbj.com/enews.asp Web: Full content posted every week. Set up an online account at www.sdbj.com NEWSROOM News tips and story ideas: E-mail us at [email protected] or visit our Web site, sdbj. com and click contact us. Letters to the editor, viewpoint submissions and corrections: Reo Carr, Editor-in-Chief, [email protected] or 858.277.1740 Special reports, publications: Julie Gallant, assistant managing editor, [email protected] or 858.634.4626. Lists: Stephanie Glidden, research editor, [email protected] or 858.634.4636. Previous Page .BSDI 2-Page Spread 1-Page View Thumbnails SDBJ User Guide Front Page Table of Content 4"/%*&(0#64*/&44+063/"- Zoom In Zoom Out Next Page www.sdbj.com 6$4BO%JFHP4QFDJBM4FDUJPO “Visionaries, Innovators and Overachievers— 50 Years of Achieving the Extraordinary” Fifty years ago, the founders of the University of California, San Diego had one criterion for the campus: It must be distinctive. Since then, UC San Diego has accomplished the extraordinary in education, research and innovation. Its work has a significant economic impact on our community, and on the world. UC San Diego is an economic engine: MÊÊTotal economic impact of UC San Diego in San Diego County: $5.7 billion* O $3.7 billion in direct and indirect spending O Nearly $2 billion in personal income O More than 33,600 jobs M Total economic impact of UC San Diego in the state: $7.2 billion* O $4.6 billion in direct and indirect spending O $2.6 billion in personal income O 39,000 jobs M UC San Diego is a magnet for state and federal funding MIts alumni and faculty have created more than 500 start-up companies – including many local biotech companies O More than 100 of those companies are actively in business in the State of California, with an annual impact of over $30 billion and 130,000 jobs statewide M UC San Diego is the 3rd largest employer in the county with a total of 25,938 employees including: O18,348 staff O 7,590 faculty The San Diego Business Journal will publish a special section about UC San Diego’s 50th Anniversary to acknowledge the vital role it plays in our region’s overall economy. 4FDUJPO1VCMJTIFT .POEBZ.BSDI "E3FTFSWBUJPO %FBEMJOF 5VFTEBZ.BSDI 1SFTT3FBEZ "E%FBEMJOF 8FEOFTEBZ.BSDI Sponsorships and advertising opportunities are available by contacting your account manager at the San Diego Business Journal (858) 277-6359 4909 Murphy Canyon Rd., Suite 200, San Diego, CA 92123 | fax 858.277.2149 | www.sdbj.com 1BHF Previous Page 2-Page Spread 1-Page View 1BHF Thumbnails SDBJ User Guide Front Page Table of Content Zoom In Zoom Out .BSDI ATK: ALLIANT TECHSYSTEMS INC. ¨from page 1 CEO:.BSL8%F:PVOH is the backbone that supports electronics, tanks and other satellite components. There are both military and commercial satellites being assembled on the floor. Customers include Bethesda, Md.-based Lockheed Martin Corp. and Dulles, Va.based Orbital Sciences Corp. Recent work includes bus structures for the GPS III satellite system, intended to make the U.S. government’s Global Positioning System work faster and more accurately. ATK expects to ship the first structure this summer. Revenue:CJMMJPOJOCJMMJPO JO Net income:NJMMJPOJONJMMJPO JO No. of local employees: Headquarters:.JOOFBQPMJT Year founded: BTBTQJOPGGGSPN )POFZXFMM Stock symbol and exchange: "5,POUIF /FX:PSL4UPDL&YDIBOHF Company description: "FSPTQBDFBOE EFGFOTFDPOUSBDUPS Go With the Flow The scene is happening in a new building, put up specifically for this type of work and built to accommodate a lean manufacturing approach. Lean manufacturing emphasizes efficiency, visual cues, tools in their proper places, a certain flow of product through the factory, and continuous improvement. The 60,000-square-foot bus structure production facility is a year old. It replaced a less efficient, 100,000-square-foot building in Corona, Bernas said. Alliant Techsystems, better known by the initials ATK, grew its San Diego floor space by 38 percent to 220,000 square feet when it opened the new building. It also grew its work force by 70 people. Many of the new jobs at the plant went to workers from the old factory, said Bernas, who is vice president and general manager for Space Structures at ATK. The company has worked to retain its Corona staff by operating a van pool from the Los Angeles area, he added. ATK is in “a modest growth environment,” Bernas reported, growing 5 percent to 10 percent year- over-year, and outpacing flat to very modest growth in the aerospace and space sector. When ATK opened the new factory in March 2010, the Minneapolis-based corporation predicted it would add up to 200 employees over three years. Bernas offered an update, saying that by operating with greater efficiency, ATK has scaled back those growth plans. During the transi- AMN: ¨from page 1 in sales, the company also grew its core business line of supplying hospitals and health clinics with traveling nurses, which increased 25 percent year over year. AMN’s fourth quarter was the fourth consecutive one of improved revenue, and the first time it’s seen a year-over-year rise in revenue in two years, Salka said. For the full year, AMN reported a net loss of $52 million, compared with a net loss of $122.2 million for 2009. The annual revenue was $689.2 million, down 9 percent from 2009. In 2008, AMN’s revenue was $1.22 billion. Analyst: Revenues to Rise While AMN doesn’t provide an annualized forecast, Jeffrey Silber of BMO Capital Markets Corp. estimated that its 2011 revenue will finish at $914 million, up by a third from last year. Silber also increased his estimate on AMN’s per share earnings from 13 to 14 cents, and its target price at year end from $6 to $8. However, Silber kept his recommendation at market perform or hold. Listed as AHS on the New York Stock Exchange, AMN ranks 11th on the San Di- Next Page 4"/%*&(0#64*/&44+063/"- www.sdbj.com Aeronautical Systems Inc.’s Predator series aircraft as well as Northrop Grumman’s Global Hawk. Business Heats Up 1IPUPDPVSUFTZPG64HPWFSONFOU "MMJBOU5FDITZTUFNTSFDFOUMZXPSLFEPOCVTTUSVDUVSFTGPSUIF(14***TBUFMMJUFTZTUFNEFTJHOFE UPNBLFUIF64HPWFSONFOUT(MPCBM1PTJUJPOJOH4ZTUFNXPSLGBTUFSBOENPSFBDDVSBUFMZ "5,FYQFDUTUPTIJQUIFàSTUTUSVDUVSFUIJTTVNNFS tion, the operation was filling an average of five positions a month, he said. This year, he said, the unit forecasts hiring five to 15 people. In the Beginning The local ATK plant has its roots in a San Diego business called Composite Optics Inc., which was founded in 1976. ATK bought the business in 2003 when it had $50 million in sales. Bernas, who was Composite Optics’ chief operating officer, got to stay. ATK has since grown sales to $80 million, Bernas said. Bus structures are but one part of ATK’s Space Structures business in San Diego. ATK makes other satellite components, ego Business Journal’s latest Largest One of the Public Companies Region’s Largest list with $759.8 Companies million in fiscal 2009 revenue. Salka said the business will complete the integration of Medfinders this month, and that it should expand market share for what already is the nation’s largest health care staffing company. ONE TO WATCH Benefits of the Deal AMN, which announced completion of the deal Sept. 1, said it anticipates gains of about $8 million in earnings before income taxes and depreciation costs this year from the acquisition. The deal will give AMN a more diverse portfolio of offerings, analysts noted. While AMN’s core business involves providing traveling nurses for 13-week assignments, on average, Medfinders’ model includes temporary nurses to more localized facilities and shorter stints, as well as nurses for the home care market. It also provides management services to health facilities. Salka said the company is already enjoying cross-selling opportunities from the acquisition. Since the purchase, AMN such as solar array substrates (which resemble wings), communications reflectors, mirrors and stable platforms. The factory includes specialized equipment, including autoclaves and test chambers with the floor space of small garages. A half-million-dollar thermal cycle chamber simulates conditions in space, varying the temperature from 180 C below zero to 140 C. The San Diego outpost also makes aircraft components, including the spoonshaped radar domes that form the nose of unmanned aerial vehicles. The radomes must use materials compatible with the radio frequencies the drones use to communicate. The domes go on General Atomics signed 20 new managed staffing provider contracts that will generate about $45 million annually. AMN said its gross margin in the fourth quarter declined to 28.1 percent, down 30 basis points from the prior year’s fourth quarter, while the full year’s gross margin was 27.8 percent, up from 26.9 percent for 2009. Selling, general and administrative expenses increased by $11 million compared with the like quarter in the prior year due mainly from the Medfinders acquisition costs. Its expenses also included $1.2 million in bad debt related to a radiology contract that didn’t pay as it should have, AMN said. ATK is also part of a joint venture with United Technologies Corp.’s Pratt & Whitney jet engine unit. Under that umbrella, the San Diego factory makes ceramics that can withstand high temperatures. Some will go on the next-generation F-35 Lightning II fighter, aka the Joint Strike Fighter. Prime contractor Lockheed Martin Corp. envisions building three versions of the F-35 for the U.S. Air Force, U.S. Marine Corps and U.S. Navy. Beyond San Diego, ATK’s aerospace business produces the solid-propellant rocket boosters that help the space shuttle get off the ground. It also provides aerospace structures, including “wing skins” for the F-35, and airframes for the Airbus S.A.S. A350XWB wide-body commercial aircraft. In a Feb. 4 research note, analysts Peter Skibitski and Robert Takacs of Atlantabased SunTrust Robinson Humphrey Inc. predicted less revenue in ATK’s aerospace business in fiscal 2012, citing a “slow ramp in non-NASA programs.” ATK’s fiscal year ends March 31. ATK’s other businesses include missile components, ammunition, gun systems, and gun components such as optics. The Robinson Humphrey analysts note ATK is sitting on an ample supply of cash: $700 million, which could likely grow to $1 billion, they wrote. AMN HEALTHCARE CEO: 4VTBO34BMLB Revenue:NJMMJPOJONJMMJPO JO Net loss: NJMMJPOJONJMMJPO JO No. of local employees: Headquarters: $BSNFM7BMMFZ Year founded: Stock symbol and exchange:")4POUIF /FX:PSL4UPDL&YDIBOHF Company description:1SPWJEFTUSBWFM OVSTFTMPDBMQFSEJFNOVSTFTBOEQIZTJDJBO TUBGàOHTFSWJDFT Looking to Reduce Debt According to a November securities filing, AMN paid $193 million for the company that is the parent of Nursefinders. The amount was comprised of stock, cash and assuming $133 million in Medfinders’ debt. As of Dec. 31, AMN reported debt of $215 million. Salka said a key goal is to reduce that amount by about half in the next two years. Like Silber, another AMN stock analyst wasn’t overwhelmed by the company’s most recent financial report, maintaining his neutral or hold rating on the stock. Ty Govatos of CL King & Associates in Albany, N.Y., said, “While the temporary nurse staffing business seems to be in the initial stages of a rebound, the rate of recovery remains uncertain.” Govatos said AMN has only two competitors in the same managed service provider market — Cross Country TravCorps and Medical Staffing Networks Healthcare, which is emerging from bankruptcy. “The growing importance of MSP (managed service providers) should allow AMN and Cross Country to capture share from the rest of the country,” Govatos said in his report. Previous Page 2-Page Spread 1-Page View .BSDI Thumbnails SDBJ User Guide Front Page Table of Content Zoom In 4"/%*&(0#64*/&44+063/"- Zoom Out Next Page www.sdbj.com 1BHF Health: ¨from page 1 dents make better choices in how they live, so that the regional economy benefits. “Businesses drive the economy, and pay the taxes that support all of our programs,” said Macchione, who presented an overview of his ongoing efforts before the county Board of Supervisors on March 15. “If we have healthy kids, healthy parents and healthy workers, then we have a healthy economy,” said Macchione, “and that’s the bottom line of what we are trying to do.” Aiding Small Biz He especially wants to reach out to businesses with 10 or fewer workers, which account for 95 percent of the work force locally. These are the entities most hurt when employees call in sick because of their own health issues, or the issues of their spouses and dependents, he says. “We applaud efforts set forth by the county to assist businesses develop and grow,” said Debra Rosen, president and chief executive officer of the San Diego North Chamber of Commerce, which represents businesses large and small along the Interstate 15 corridor. “As a chamber key focus, health in the workplace is especially important for small employers. A county program to support this initiative would be a momentous step and the chamber would be proud to support it.” Macchione is getting bigger entities involved, too. In the past year, he’s worked with the San Diego County Regional Airport Authority, which manages the day-to-day operations of San Diego International Airport, and Intercare Insurance Solutions, a Sorrento Valley-based insurance broker, to encourage the two to develop internal programs to improve the overall health and wellness of employees and their dependents. Improving Literacy, Job Training But “Healthy Bottom Line” — a sixmonth-old program still in the formative stages — also includes such steps as improving literacy and job training, both needed to get off public aid and into private sector jobs. And changing age-old business practices to benefit consumers and companies. Wellness: ¨from page 1 businesses involved in the concept of the “Healthy Bottom Line” program. The program is designed to help local residents make better choices about exercising, smoking and overeating in an effort to benefit the regional economy. In working with Sorrento Valley-based insurance broker and benefits consultant Intercare Insurance Solutions, for example, he speaks to businesses to help them understand the importance of their workers maintaining healthy lifestyles. John Kale, Intercare’s chief wellness officer, said the company’s ongoing association with the county has proven valuable. Companies, Government Team Up Macchione is a regular speaker at the company’s Intercare University, held eight times a year in a hotel in Torrey Pines, where 80 to 120 customers of Intercare gather to hear the latest news about the benefits and services for employees, as well .FMJTTB+BDPCT 5IFDPVOUZ#PBSEPG4VQFSWJTPSTEJTDVTTFTUIFA)FBMUIZ#PUUPN-JOFQSPHSBNMBTUXFFL"UUBDLJOHUISFFCFIBWJPSTOPUFYFSDJTJOHTNPLJOH BOEPWFSFBUJOHUIBUDBVTFEJTFBTFTTVDIBTDBODFSBOEEJBCFUFTJTPOFPGUIFHPBMTPGUIFQSPHSBN Macchione notes that most of the food grown in the county is trucked to Los Angeles for processing and packaging, then shipped back to San Diego, a waste of fuel as well as a contributor of air pollutants. “We’re trying to change that,” he said, adding that county Supervisor Ron Roberts is working with Mayor Jerry Sanders at the urban-rural round3PO3PCFSUT table to set up a local food processing and distribution center. Such a center would add jobs and provide fresher, healthier produce for local residents. $4 Billion in Medical Costs To be sure, Macchione’s attention is clearly focused on bigger issues, too. First and foremost, he is attacking three behaviors that cause the crippling diseases, such as cancer and diabetes, that account for 50 percent of all deaths in the county. The behaviors — not exercising, smoking and overeating — cost the county $4 billion a year in medical costs, not to mention loss of job productivity, he says. Macchione notes that half the adults and one-third of middle school students are obese or overweight, which portends a lot about the future work force in San as programs to improve wellness. “Outreach is so difficult, and this is one way of reaching out,” said Kale. “Nick as a government (official) in a governmental entity understands that he has to interact with the business community. He sees the business community as being part of the solution.” Kale added, “And the business community understands that they have to be involved with that side of the equation, as well.” In October at the Rancho Bernardo Inn, Macchione served as the keynote speaker at the San Diego Employer Advisory Council’s annual conference, a gathering of businesses sponsored by the San Diego County Regional Airport Authority, operator of Lindbergh Field. The authority’s human resources department sponsors a successful health and wellness program, now in its eighth year, and the department staff has been working with Macchione to share its secrets, according to Mike Ellington, HR manager. “We’re eager to share the components of Diego County. “The future pipeline of our working population will grow to adulthood with chronic conditions.” Such chronic conditions account for higher health care premiums for employers, because insurers give costlier ratings to those areas with populations that indulge in poor lifestyle behaviors, and don’t maintain their wellness. Those behaviors have an immediate impact, too. “Losing a couple days of work a month has a huge impact on a small business,” said Macchione. That’s why “businesses have to promote employee wellness.” “They have to promote things that are of low costs, such as supporting breast feeding where possible, because that child has a lower chance of having a chronic condition as it becomes an adult,” he said. “The ‘Healthy Bottom Line’ is that we both have to meet together, and work together,” he added. “It’s a new way of thinking in how we conduct our business,” said Macchione, noting that the idea for the program grew out of the national debate surrounding health care reform three years ago. So the agency began to make changes to its services to tackle the behaviors as well as the treatment of the diseases caused by these behaviors. Before launching the Live Well programs, the county’s Health & Human our program,” said Ellington, who noted that the authority’s insurance premiums jumped only 5 percent instead of the average 20 percent because of the overall health of its 360-plus work force. “We are a strong proponent of a healthy lifestyle and a healthy work force,” said Ellington. Sick Kids Impact Bottom Line Macchione recalled an interaction with one of the business owners attending the conference in Rancho Bernardo, the purpose of which was to educate small to midsized concerns about such issues as health and wellness. “One of the owners with a dozen employees told me she’s just keeping up with her payroll and her employees, and wanted to know how ‘Healthy Bottom Line’ would help her business,” said Macchione, who was attending and presenting along with another manager from his department. “I asked her if any of her employees had dependents, and she said four have dependents. So, I asked, ‘What happens Services Agency had no coherent program to improve the wellness of the region. Working With Businesses After the county hired Macchione three years ago, he started focusing efforts on improving the health of county workers and residents who benefit from his agency’s many services. But he came to realize that business needed to participate. He says one large part of the program is making businesses aware of where they can go to get help, such as the county’s 211 San Diego telephone help line, which operates around the clock to provide information on county services. In response to Macchione’s presentation to the Board of Supervisors, Roberts said, “This is not going to make a difference in a few weeks, or a few months, but it will make a difference over the long term.” Roberts added: “As someone who also spent 20 years in the private sector, I know the value of having employees who are able to work each day without worrying about their health or the health of their families. We have a comprehensive plan through our Live Well, San Diego! initiative that guides county departments, employees and their dependents to healthy and productive lives. It is our responsibility to share that with the business community.” Tom York is a contributing editor for the San Diego Business Journal. when their kids get sick?’ ” “They have to stay home, responded the owner,” he said. “So, I asked what does that do to your business, and she said, ‘Well, we eat it.’ ” Macchione said he was thus able to draw the connection with the owner between the condition of a sick child of the stayat-home employee and the bottom line of the employer. He said the owner should get involved in the local schools to make sure they have programs in place to encourage kids to adopt the right behaviors so they’re not sick so much. He also encouraged her to consider the resources around the neighborhood, such as the YMCA branch in Kearny Mesa, or calling the 211 San Diego help line, which links callers with the many services offered by the county. “It’s not always about money, it’s raising the consciousness of the things we can do,” he said. Tom York is a contributing editor for the San Diego Business Journal. Previous Page 2-Page Spread 1-Page View Thumbnails www.sdbj.com 1BHF SDBJ User Guide Front Page Table of Content Zoom Out Next Page 4"/%*&(0#64*/&44+063/"- Top Industrial/Flex Leases 7077 CONSOLIDATED WAY .BSDI January 2011 • Ranked by square footage 2 1 Zoom In Data provided by: 3 10355 SCIENCE CENTER DRIVE PALOMAR OAKS TECH PARK $POTPMJEBUFE8BZ 4BO%JFHP$" 1BMPNBS0BLT8BZ $BSMTCBE$" 4DJFODF$FOUFS%SJWF 4BO%JFHP$" 5FOBOUOB -FBTJOHDPNQBOZ$#3JDIBSE&MMJT 4RVBSFGPPUBHFMFBTFE 5FSNOOOFTU 1SJDFQFSTRVBSFGPPU 4JHOEBUF 5FOBOU4FO%Y.FEJDBM*OD -FBTJOHDPNQBOZ$PMMJFST*OUFSOBUJPOBM 4RVBSFGPPUBHFMFBTFE 5FSNOB 1SJDFQFSTRVBSFGPPUOB 4JHOEBUF 5FOBOU+$SBJH7FOUFS*OTUJUVUF -FBTJOHDPNQBOZ$VTINBO8BLFà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est.) Estimated ig A type of modified gross lease where the tenant pays one or more of the expenses in addition to the rent. Exact details must be confirmed for each lease. na Not available nnn Triple net lease: A lease in which a tenant is responsible for all expenses associated with the tenant’s proportional share of occupancy of the building. Previous Page 2-Page Spread 1-Page View Thumbnails .BSDI SDBJ User Guide Front Page Table of Content Zoom In Zoom Out 4"/%*&(0#64*/&44+063/"- Next Page www.sdbj.com 1BHF & UI"OOVBM $'0PG5IF:FBS"XBSET 5IVSTEBZ"QSJMrQN %PVCMFUSFF)PUFM4BO%JFHP.JTTJPO7BMMFZ )B[BSE$FOUFS%SJWF4BO%JFHP$" 4QFDJBM"XBSET3FDFQUJPO8JUI)PTUFE)PST%h0FVWSFT This event recognizes the most outstanding CFOs who work in San Diego as nominated by their employers, employees or clients. Nominees should be Chief Financial Officers or heads of finance. "OJOEFQFOEFOUQBOFMPGKVEHFTXJMMTFMFDUIPOPSFFTGPSUIFGPMMPXJOHDBUFHPSJFT • Public Company (publicly traded) • Privately held Company • Nonprofit Organization (e.g., 501(c)3) • Business Nonprofit (e.g., credit union) • Government Agency 23 E LIN D TO ARCH /0.*/"5*0/$3*5&3*" D DEA ENDE AY, M EXT NESD D Please e-mail nominations to [email protected] or submit online at www.sdbj.com/bizevents/ WE Please keep responses to 200 words or less when responding to each question. • Nominee name, title, company, mailing address, phone number, e-mail address, company website, company industry and years in role with company • Nominator name, title, company, mailing address, phone number and e-mail address and company website • Into which category does the nominee fall: - Public Company (publicly traded) - Privately held Company - Nonprofit Organization (e.g., 501(c) 3) - Business Nonprofit (e.g., credit union) - Government Agency • Nominee’s company information: number of employees, number of full-time San Diego employees, date established, where headquartered, number of offices and office locations • Nominee’s company’s gross revenue in 2008, 2009 and 2010 (optional) • Please explain in 200 words or less why this person should be considered for a CFO of the Year Award • Describe the nominee’s career success • How has the CFO contributed to the organization’s growth and profitability? • How has the CFO contributed to other areas of the organization? • List significant awards, certificates or recognition received (PME4QPOTPS Mayer Hoffman McCann P.C. • Of what professional industry associations or other groups is the nominee a member? • Describe the community involvement of the nominee • List four professional references and contact information: - Accounting Firm - Bank - Law Firm - Major Vendor/Other • Additional required information: - Nominee’s resume - Letters of recommendation and/or testimonials - High-res photo in jpg format (500 KB or larger) - Company logo (eps format) /0.*/"5*0/%&"%-*/&&95&/%&%50 8&%/&4%":."3$) 4JMWFS4QPOTPS '03.03&*/'03."5*0/ Contact April West at (858) 277-6695 Sponsorships Available An Independent CPA Firm Updated 03/14/11 4909 Murphy Canyon Rd., Suite 200, San Diego, CA 92123 | fax 858.277.2149 | www.sdbj.com/bizevents/ Previous Page 1BHF 2-Page Spread 1-Page View Thumbnails SDBJ User Guide Front Page Table of Content Zoom In Zoom Out Next Page 4"/%*&(0#64*/&44+063/"- www.sdbj.com .BSDI & $ZCFSTFDVSJUZ4ZNQPTJVNm 4QSJOHUI"OOVBM*OGPSNBUJPO 5FDIOPMPHZ&YFDVUJWF"XBSET an ESET led IniƟaƟve 5VFTEBZ.BZrBNQN 4ZNQPTJVNBN QNr"XBSETQN %PVCMFUSFF)PUFM4BO%JFHP.JTTJPO7BMMFZ )B[BSE$FOUFS%SJWF4BO%JFHP$" The Cybersecurity Symposium – Spring will feature engaging presentations focused on the San Diego business community. Immediately following, the Information Technology Executive of the Year Awards will recognize the most outstanding IT executives who work in San Diego,as nominated by their employers, employees or clients. 5IJTTQFDJBMBXBSETSFDFQUJPOXJMMJODMVEFIPTUFEIPSTEhPFVWSFT "OJOEFQFOEFOUQBOFMPGKVEHFTXJMMTFMFDUIPOPSFFTJOFBDIPGUIFGPMMPXJOHDBUFHPSJFT • Public Company (Publicly Traded) • Private Company (Privately Held) • Nonprofit Organization (e.g., 501(c)3) • Government Agency • Business Nonprofit (e.g., Credit Union) • Education NOMINATION CRITERIA Please e-mail nominations to [email protected] or submit online at www.sdbj.com/bizevents/ Please keep responses to 200 words or less when responding to each question. Nominations not to exceed 5 pages. • Nominee name, title, company, mailing address, phone number, e-mail address, company website, company industry and years in role with company • What professional industry associations or other groups is the nominee a member of? • Nominator name, title, company, mailing address, phone number and e-mail address and company website • List four professional references and contact information: • Nominee’s company information: number of employees, number of full-time San Diego employees, date established, where headquartered, number of offices and office locations • Nominee’s company’s gross revenue in 2008, 2009 and 2010 (optional) • Please explain in 200 words or less why this person should be considered for an Information Technology Executive of the Year Award • Describe the nominee’s career success • How has the executive used information technology to contribute to the organization’s growth and profitability? • How has the executive contributed to other areas of the organization? • List significant awards, certificates or recognition received (PME4QPOTPS • Describe the community involvement of the nominee - Bank - Accounting Firm - Law Firm - Major Vendor/Other • Additional required information: - Nominee’s resume - Letters of recommendation and/or testimonials - High-res photo in jpg format (500 KB or larger) - Company logo (eps format) /0.*/"5*0/%&"%-*/& '3*%":."3$) '03.03&*/'03."5*0/ Contact April West at (858) 277-6695 Sponsorships Available 4909 Murphy Canyon Rd., Suite 200, San Diego, CA 92123 | fax 858.277.2149 | www.sdbj.com/bizevents/ Updated 3/15/11 Previous Page 2-Page Spread 1-Page View Thumbnails SDBJ User Guide .BSDI Front Page Table of Content Zoom In 4"/%*&(0#64*/&44+063/"- REAL ESTATE ROUNDUP Projects, developments and other activity in cities in and around San Diego County Zoom Out Next Page www.sdbj.com 1BHF Compiled by Daina Yousif 1IPUPDPVSUFTZPG5#1FOJDL4POT "TRVBSFGPPU.BSJOF3FTFSWF5SBJOJOH$FOUFSBOETRVBSFGPPU7FIJDMF.BJOUFOBODF 'BDJMJUZIBWFCFFOCVJMUCZMPDBMDPOUSBDUPS5#1FOJDL4POT*ODBU/BWBM"JS4UBUJPO-FNPPSF 5IFUXPTJOHMFTUPSZCVJMEJOHTDPTUBDPNCJOFENJMMJPO Two Classroom Buildings Open at Miramar College Miramar College recently celebrated a grand opening of two of its newest classroom buildings — the Humanities & Arts building and the Mathematics & Business building. As part of the unveiling of the new Compass Center on campus, nearly 60 students, staff and faculty lined the walkways connecting the new buildings with the new quad. Each held a 10-foot length of red ribbon ready to be tossed into the air upon the ceremonial ribbon-cutting. “This is wonderful to see that the academic core of Miramar is not only built out with one of the finest groups of faculty you can find, but the finest collection of facilities to match the caliber of those faculty members,” said Constance Carroll, chancellor of the San Diego Community College District. The Humanities & Arts building consists of approximately 45,000 square feet of new construction for the English, visual arts, music, speech and foreign language programs. The building includes “smart” classrooms equipped with computers, audiovisual and multimedia equipment, a 60-seat tiered lecture theater, a recording studio, studio space for drawing, painting and ceramics, and related office space for faculty and staff. The Mathematics & Business building consists of approximately 45,000 square feet of new construction including new “smart” classrooms, six new business computer labs, a mathematics research center and related office space for faculty and staff. The buildings were the first in the construction bond program to be fully integrated in Building Information Modeling, a cutting-edge tool that allows architects, engineers, builders and owners to construct a building in digital space before constructing it in real space. In addition to the contributions to education, the new buildings also generated economic benefits. “We’re our own stimulus package for San Diego,” said Rich Grosch, president of the board of trustees for SDCCD. The project generated nearly 500 jobs for local builders, professional services providers and subcontractors. The $34.4 million dual classroom building project was funded by the San Diego Community College District’s $1.55 billion Propositions S and N construction bond program, which is providing new teaching and learning facilities, major renovations and campuswide infrastructure projects at City, Mesa and Miramar colleges and six Continuing Education campuses throughout San Diego. All construction and major renovations included in the bond program are designed and built to obtain the highest possible Leadership in Energy and Environmental Design certification from the U.S. Green Building Council. Designed by NTD Architecture with construction management services provided by Sundt Construction, the Humanities & Arts and Mathematics & Business buildings are on track to obtain a LEED Gold certification. Sustainable features include: sloped roofs with north-facing clerestory windows (a band of narrow windows along the very top of a high wall, allowing light to filter into adjacent spaces) and south-facing photovoltaic panels. The design includes efficient thermal “massing,” which delays the transfer of heat throughout the course of a day, and minimizes the impact of a heating or cooling load on a building. Recycled materials, high-efficiency lighting, plumbing and mechanical systems are used throughout. Local Contractor Completes $12.5M Military Projects San Diego-based general contractor T.B. Penick & Sons Inc. has completed $12.52 million of construction on two single-story buildings including a 28,000square-foot Marine Reserve Training Center and 7,000-square-foot Vehicle Maintenance Facility at the Naval Air Station Lemoore. A second phase of the project, including the design-build of a $1.7 million photovoltaic array system on site, is scheduled for completion in May. The project was designed by the Naval Facilities Engineering Command Southwest San Diego and managed by NAVFAC Southwest Lemoore. The Reserve Training Center features administrative and support spaces along with a vehicle maintenance facility with six large truck repair bays. Construction of both buildings was comprised of slab on grade with masonry wall exterior, interior metal-framed walls with gypsum and bar joist roof frame with standing seam roof panels. The training facility features a 140 kilowatt photovoltaic energy system in addition to translucent panels and blastresistant windows and doors for optimum natural lighting. The project is seeking Leadership in Energy and Environmental Design Gold certification from the U.S. Green Building Council. T.B. Penick team members included Mark Minieri, project engineer; Jeff Turk, superintendent; Earl Jeremy, quality control manager; Rolinda Lett, project administrator; and Dan Curley, project manager. 1IPUPDPVSUFTZPG&$1$PNNFSDJBM &$1$PNNFSDJBMCSPLFSBHFQMBOTUPNPWFJUTIFBERVBSUFSTGSPNUIF&BTU$PVOUZUPUIFSFDFOUMZ QVSDIBTFETRVBSFGPPUPGàDFCVJMEJOHPO.VSQIZ$BOZPO3PBEJO,FBSOZ.FTB The NAVFAC project team was comprised of Nat Chang, construction manager; Mark Pohle, engineering technician; and James Cauthorn, project architect. Major subcontractors included A&P Drywall, Advanced Masonry Inc., Agate Steel, Aluminum Window Systems Inc., American Pride General Engineering, Brahma Construction, Commerical Openings, J. Noble Binns Plumbing Co. Inc., MGS Construction Inc., Mid-Land Sheet Metal Inc., Summit Drywall and Painting, Rex Moore Electrical and Engineering Contractors. Leases Signed at New Retail Center in North County Cushman & Wakefield Inc.’s Urban Property Group announced that Road Runner Sports Inc. will be opening its newest store this spring at Paseo Carlsbad, North San Diego County’s newest shopping and dining destination. Also signing leases are Nutrition Zone Inc. and T-Mobile USA Inc., joining the existing lineup of Corner Bakery, Pretty Please, Color Nails, Elephant Walk Outdoor Footwear and Menchies Frozen Yogurt, all of which opened in late 2010 along with East of Bali Day Spa, which is scheduled to open in March. The existing tenants are all reporting solid sales that are growing on a weekly basis. The project is anchored by BJ’s Restaurant Brewhouse and P.F. Chang’s China Bistro, both of which opened in late 2009. Paseo Carlsbad is a development of PacTen Partners for CPT/SC Title Holding Corp. The 75,000-square-foot center is located on a highly visible 7-acre site at the intersection of Palomar Airport Road and Interstate 5. “Paseo Carlsbad is being very well-received by prospective tenants and customers,” said Bill Shrader with Cushman & Wakefield’s Urban Property Group. “P.F. Chang’s and BJ’s, along with King’s Seafood already bring a high-traffic volume to the center that will only be enhanced with the addition of these new leadingedge tenants.” In each of the recent transactions, Shrader, David Strauss and J.P. Sutro of the Cushman & Wakefield Urban Property Group represented the landlord. The new tenants are scheduled to open for business upon completion of construction, in spring 2011. Road Runner Sports, the world’s largest running and walking store, signed a 5,243square-foot lease for 10 years. Thomas Gotfredson of Thomas Gotfredson Esq. represented Road Runner Sports. This will be its second location in San Diego County and 11th in California. Nutrition Zone, a weight loss and sports nutrition retailer, signed a 972-square-foot lease. Corey McHenrey of Colliers International represented Nutrition Zone. T- M o b i l e, a l e a d i n g c e l l u l a r provider, signed a 1,645-square-foot lease. JP Holland of Del Sol Realty represented T-Mobile. Paseo Carlsbad is designed by Gene Fong Associates and features an open-air, mission-style design complete with fountains and lushly landscaped promenades. The general contractor for the site is Kunzik & Sara. For more information on Carlsbad Paseo, contact Strauss, Shrader or Sutro with Cushman & Wakefield at 858-452-6500. Remodel Planned for Newly Purchased Office Building MCR Office has purchased the 14,883square-foot office building located at 4455 Murphy Canyon Road for $2,300,000. The seller was San Diego Business Solutions, with Tracey Walcott as its president. The managing members of MCR Office are Pat Millay and Joe Bonin. Psomas Engineering was the building anchor tenant. Longtime East County brokerage, ECP Commercial, will be moving its headquarters into the building after a complete building remodel. This move was scheduled to be completed March 1. The property will be repositioned to also operate an Executive Suites operation called CanyonView Biz Center. These suites shall range in size from shared virtual office suites to multiple office suites up to 2,000 square feet. Individual offices will also be available for lease. The suites will include full-service reception, phone, mailbox and shared conference and lunch room facilities. This space will also feature an art gallery curated by Hugh Bagely of St. Clair Galleries who will display art from emerging Southern California artists and host reception shows every six weeks. Completion of the Executive Suites project is expected by April. This is the fourth development project by the development team of Joe Bonin and Pat Millay. Other projects include Via Orange Industrial, Greenfield Industrial and the award-winning Aztec Center located in the College District. All projects are leased and managed by ECP Commercial. Previous Page 2-Page Spread 1-Page View 1BHF Thumbnails www.sdbj.com SDBJ User Guide Front Page Table of Content Zoom In Zoom Out Next Page 4"/%*&(0#64*/&44+063/"-4%#+."3,&51-"$& 4%#+MARKETPLACE PUBLIC NOTICE .BSDI 5PQMBDFBOBEDPOUBDU.BMMPSZ#VMMBSEBU BUSINESS PRODUCTS & SERVICES PUBLIC NOTICE City of San Diego Draft FY 2012 Annual Action Plan $JUZPG4BO%JFHP /PUJDFPG1VCMJD)FBSJOH GPS':$%#(&OUJUMFNFOU 3FEFWFMPQNFOU3FQBZNFOU 1SPHSBN*ODPNF 1SPQPTFE"MMPDBUJPOT • Sales • Rentals • Service – all makes and models www.qualitylift.com (619) 425-1640 The City of San Diego is expecting a 25% reduction from the U.S. Department of Housing and Urban Development (HUD) for FY 2012 Community Development Block Grant (CDBG) Entitlement which is estimated to be $12,243,327. In addition to the CDBG Entitlement funds, the program will be adding a Redevelopment Agency FY 2012 Repayment of $3,294,500 and approximately $639,400 in Program Income to be made available to fund eligible FY 2012 projects from applications received. This represents an estimated total of $16,177,227 available for the FY 2012 CDBG allocation process. COFFEE SERVICES Bringing Coffee to the Business World Coffee Ambassador delivers the great taste of STARBUCKS COFFEE to your office NOTICE IS HEREBY GIVEN that a public hearing is scheduled for Monday, March 21, 2011 at 2:00 pm in the City Council Chambers, 202 C Street, 12th Floor, San Diego, CA 92101. The purpose of this public hearing is to adopt and approve recommended funding allocations for the FY 2012 CDBG funds, Redevelopment Agency Repayment, and Program Income. Show your employees you appreciate them Impress your clients Call 1-800-783-5282 for a FREE Office Trial! Authorized Office Distributor of Starbucks Coffee in San Diego To request an agenda in an alternative format or to request a sign language or oral interpreter for the meeting, call the City Clerk (533-4000-voice or 236-7012-TT) at least five working days prior to the meeting to ensure availability. Assistive Listening Devices (ALDs) are available from the City Clerk’s Office prior to the meeting, and are to be returned at the end of the meeting. COMMERCIAL LEASING Under Title 1 of the Housing and Community Development Act of 1974, as amended, the City of San Diego invites citizens to participate in the preparation of the FY 2012 Annual Action Plan (AAP). The AAP is the yearly update to the Five-Year Consolidated Plan and consists of the activities to be funded through the Community Development Block Grant (CDBG), Emergency Shelter Grant (ESG), HOME Investment Partnerships (HOME), and Housing Opportunities for Persons with AIDS (HOPWA). Notice is hereby given that the City of San Diego’s Draft FY 2012 AAP is scheduled to be available for a 30-day public review from April 4 through May 5, 2011. The purpose of the review is to provide the public with an opportunity to comment on the planned expenditure of approximately $29 million in funds. The draft document will be available at the CDBG Program office located at 1200 Third Avenue, Suite 1400, San Diego, CA 92101. The plan will also be available for review on the City’s CDBG Program website (www.sandiego.gov/cdbg/general/) and the Housing Commission’s website (www.sdhc.org). A schedule of community meetings in which the draft AAP will be presented will also be listed in the City’s CDBG Program website upon confirmation. Public comments may be provided at these meetings or can be submitted in writing to the CDBG Program office in person, via mail, or via E-mail (CDBG@ sandiego.gov). All information and updates regarding this process will be posted on the City’s CDBG website. FOR LEASE Mammoth Lakes, CA Retail & Restaurant Space 800-8000 sq. feet Public comments will be accepted during this hearing. In addition, written comments will be accepted prior to the public hearing at the CDBG Program office (1200 Third Avenue, Suite 1400, San Diego, CA 92101) or by email ([email protected]) through March 21, 2011. All updates will be posted on the CDBG website (http:// www.sandiego.gov/cdbg/general/ Matthew Lehman 760-822-5845 5PQMBDFBOBEJOUIF #VTJOFTT.BSLFUQMBDF DPOUBDU.BMMPSZ#VMMBSEBU http://www.trademarkmammoth.com WEBCONNECT 5PQMBDFBOBEDPOUBDU.BMMPSZ#VMMBSEBU 24 Hour WebSite Builder Providing professional websites quickly at an affordable price www.24hrwebsitebuilder.com [email protected] 619.306.0999 Award from Carlsbad Chamber of Commerce Full Service Catering including Equipment and Bar Service www.isaacscatering.com [email protected] (760) 931-0267 Bookkeeping Copy Service / Printing Advertising & Design The Business Wizards QuickBooks integration and training www.thebusinesswizards.com [email protected] 619 464-4341 Business & Technology Solutions QB SOLUTIONS QuickBooks – Solution Integration www.QB-Solution.com [email protected] 858.663.4321 Catering Isaac’s Catering Corporate, Event and Aviation Catering Business Meetings/Events from 10-1400 Menus designed to meet desires and budget 5 Full Time Chef’s, Insured, Experienced Staff Fleet of Delivery vehicles with equipment to maintain temperatures to insure freshness Awarded Small Business of the Year 5½¢ Color Copies at: ColorCopiesToday.com Employment Screening XactCheck www.xactcheck.com [email protected] 866.373.5655 www.PlanPrep.com [email protected] 858.259.5436 Insurance Cavignac & Assoc. www.cavignac.com 619.234.6848 Investigations Palomar Investigative Group, Inc. 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Meeker Law offices specializing in civil litigation and transactions, including construction, real estate, employment, and general business matters. www.blmeeker.com 949.388.0442 tele 949.606.8359 fax [email protected] Multicultural and General Market, Advertising & Design Agency whitfieldbarrett - marketing communications www.whitfieldbarrett.com shine@whitfieldbarrett.com 858.549.8475 Networking Organizations Athena www.athena.ucsd.edu 858.964.1343 Networking Organizations USD Family Business Forum www.sandiego.edu/continuing_ education 619.260.4585 619.497.3410 Passport Services A Official Passport Photo Passports, Photos & Fingerprinting services 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 212 S. Orange St. Escondido, CA 92025 (760)741-9663 www.AOfficialPassport.com Sales Improvement Programs The Sales Alliance Inc. 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Erik Valentine www.sign-here-inc.com Logo Design - Fabrication - Installation Commercial, Architectural & Corporate 858-558-7446 or 1-888-677-7446 Tax Problems Richard Carpenter, Tax Attorney Specializing in civil and criminal tax disputes. Certified Tax Specialist. 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504&--"-$0)0-*$ #&7&3"(&4 mmmmmmmm '*-&%.BSDI 5P8IPN*U.BZ$PODFSO 4"#6,6464)*--$ 5IFBQQMJDBOUTMJTUFEBCPWFJT BQQMZJOHUPUIF%FQBSUNFOUPG "MDPIPMJD#FWFSBHF$POUSPM '30/5453&&5300. 4"/%*&(0$" UPTFMMBMDPIPMJD CFWFSBHFTBU"%".4"7& 4"/%*&(0$" 5ZQFPGMJDFOTFT "QQMJFEGPS m0/4"-&#&&3"/%8*/& &"5*/(1-"$& '*$5*5*064#64*/&44 /".&45"5&.&/5 mmmmmmmm 'JMF/P '*$5*5*064#64*/&44/".& 3BUBK.FEJB $BMMF$SJTUPCBM 4BO%JFHP$" 5)*4#64*/&44*4)&3&#: 3&(*45&3&%#:5)& '0--08*/( )FJEJ3BUBK $BMMF$SJTUPCBM 4BO%JFHP$" $BMJGPSOJB 5)*4#64*/&44*4$0/%6$5&%#: "O*OEJWJEVBM 5)&'*345%":0'#64*/&44 8"4 5)*445"5&.&/58"4'*-&% 8*5)&3/&45+%30/&/#63( +33&$03%&3$06/5:$-&3, 0'4"/%*&(0$06/5:0/ .BS "EWFSUJTFZPVS CVTJOFTTTFSWJDFTUPPWFS QSPGFTTJPOBMTJO UIF4%#+.BSLFUQMBDF Call Mallory Bullard 858-277-6359 Previous Page 2-Page Spread 1-Page View Thumbnails SDBJ User Guide .BSDI Front Page Table of Content Zoom In 4"/%*&(0#64*/&44+063/"- MARKETPLACE INDEX WATCH Index 3/15/11 3/8/11 Net Change %Change San Diego Business Journal Index 1818.30 1910.62 -92.32 -4.83% Dow Jones Industrial Average 11855.42 12214.38 -358.96 -2.94% S&P 500 Index 1281.87 1321.82 -39.95 -3.02% NASDAQ Composite 2667.33 2765.77 -98.44 -3.56% MARKET TRENDS Date Zoom Out Next Page www.sdbj.com 1BHF San Diego Public Stocks EXCHANGE TICKER SYMBOL PRICE 3/15/2011 PRICE 3/8/2011 NET CHANGE PERCENT CHANGE 52-WEEK HIGH NASD ACAD ACADIA PHARMACEUTICALS INC. 1.53 1.86 -0.33 -17.74% 2.00 0.65 39300 NASD ACCL ACCELRYS INC. 7.21 7.41 -0.20 -2.70% 8.95 5.96 55690 401524.9 AMEX ANX ADVENTRX PHARMACEUTICALS INC. 2.01 2.07 -0.06 -2.90% 7.25 1.50 14700 29547 NASD ATEC ALPHATECH HOLDINGS INC. 229862.5 NYSE AAT AMERICAN ASSETS TRUST INC. NYSE AHS NASD NASD COMPANY NAME 52-WEEK SHARES MARKET LOW OUTSTANDING CAPITALIZATION 60129 2.59 2.75 -0.16 -5.82% 7.62 1.85 88750 20.95 21.35 -0.40 -1.87% 22.00 20.45 35030 733878.5 AMN HEALTHCARE SERVICES INC. 7.21 7.24 -0.03 -0.41% 10.00 4.14 39100 281911 AMLN AMYLIN PHARMACEUTICALS INC. 11.03 11.43 -0.40 -3.50% 24.21 9.51 144430 1593062.9 ANDS ANADYS PHARMACEUTICALS INC. 1.14 1.25 -0.11 -8.80% 3.24 0.90 57140 65139.6 NASD APRI APRICUS BIOSCIENCES INC. 4.73 5.20 -0.47 -9.04% 9.30 1.60 12850 60780.5 NASD ARNA ARENA PHARMACEUTICALS INC. 1.49 1.49 0.00 0.00% 8.00 1.26 121410 180900.9 SDBJ S&P 500 NASDAQ DJI NASD BOFI B OF I HOLDING INC. 14.97 15.09 -0.12 -0.80% 19.27 10.80 10240 153292.8 3/15/2011 1818.30 1281.87 2667.33 11855.42 NYSE BMR BIOMED REALTY TRUST INC. 17.30 17.62 -0.32 -1.82% 19.50 14.79 131290 2271317 3/8/2011 1910.62 1321.82 2765.77 12214.38 NYSE BPI BRIDGEPOINT EDUCATION INC. 18.71 18.25 0.46 2.52% 27.50 12.75 53120 993875.2 3/1/2011 1917.82 1322.75 2737.41 12058.02 NASD CADX CADENCE PHARMACEUTICALS INC. 8.72 8.44 0.28 3.32% 10.63 6.29 63150 550668 NYSE ELY CALLAWAY GOLF CO. 6.99 7.44 -0.45 -6.05% 10.19 5.80 64120 448198.8 2/22/2011 1940.91 1315.44 2756.42 12212.79 AMEX CXM CARDIUM THERAPEUTICS INC. 0.37 0.39 -0.02 -5.13% 0.72 0.30 78570 29070.9 2/15/2011 1935.22 1328.01 2804.35 12226.64 NYSE CFN CAREFUSION CORP. 27.13 28.05 -0.92 -3.28% 30.08 20.63 223000 6049990 2/8/2011 1899.05 1324.57 2797.05 12233.15 NASD COHU COHU INC. 13.58 14.95 -1.37 -9.16% 17.35 11.16 24000 325920 2/1/2011 1881.64 1307.59 2751.19 12040.18 AMEX CUB CUBIC CORP. 50.19 52.09 -1.90 -3.65% 52.90 33.22 26740 1342080.6 1/25/2011 1823.79 1291.18 2719.25 11977.19 NASD CYMI CYMER INC. 47.45 50.17 -2.72 -5.42% 53.01 28.31 30150 1430617.5 NASD DXCM DEXCOM INC. 13.40 14.30 -0.90 -6.29% 16.06 8.92 62210 833614 NASD DRAD DIGIRAD CORP. 2.58 2.55 0.03 1.18% 3.21 1.71 19160 49432.8 NASD HILL DOT HILL SYSTEMS CORP. 2.34 3.03 -0.69 -22.77% 3.86 1.01 55330 129472.2 NASD ECPG ENCORE CAPITAL GROUP INC. 24.65 26.00 -1.35 -5.19% 27.67 16.42 24020 592093 NASD ENTR ENTROPIC COMMUNICATIONS INC. 7.90 8.95 -1.05 -11.73% 13.96 4.25 85320 674028 NYSE EXL EXCEL TRUST INC. 11.59 12.30 -0.71 -5.77% 13.72 10.77 15660 181499.4 NASD FPTB FIRST PACTRUST BANCORP INC. 16.14 16.43 -0.29 -1.77% 16.68 6.08 9690 156396.6 NASD GPRO GEN-PROBE INC. 63.22 65.21 -1.99 -3.05% 66.12 42.00 48280 3052261.6 NASD HALO HALOZYME THERAPEUTICS 6.30 6.97 -0.67 -9.61% 9.11 6.08 100430 632709 NASD ILMN ILLUMINA INC. 64.19 67.10 -2.91 -4.34% 74.12 36.70 127630 8192569.7 TOP GAINERS & LOSERS Top Dollar Gainers Leap Wireless International Inc. Bridgepoint Education Inc. Cadence Pharmaceuticals Inc. Santarus Inc. Vical Inc. 0.54 0.46 0.28 0.17 0.16 Top Percentage Gainers Vical Inc. Santarus Inc. Leap Wireless International Inc. Cadence Pharmaceuticals Inc. Bridgepoint Education Inc. 7.17% 5.14% 4.33% 3.32% 2.52% Top Dollar Losers Qualcomm Inc. -4.15 Illumina Inc. Cymer Inc. -2.91 -2.72 NuVasive Inc. Life Technologies Corp. -2.28 -2.24 Top Percentage Losers NASD IFON INFOSONICS CORP. 0.90 0.98 -0.08 -8.16% 1.28 0.50 14180 12762 AMEX INO INOVIO BIOMEDICAL CORP. 1.13 1.19 -0.06 -5.04% 1.56 0.76 104210 117757.3 NASD ISIS ISIS PHARMACEUTICALS INC. 8.86 9.03 -0.17 -1.88% 11.43 7.59 99580 882278.8 NASD JACK JACK IN THE BOX INC. 22.63 23.09 -0.46 -1.99% 26.37 18.42 50760 1148698.8 NASD KTOS KRATOS DEFENSE & SECURITY SOLUTIONS INC. 13.42 13.98 -0.56 -4.01% 15.56 9.36 23680 317785.6 NASD LEAP LEAP WIRELESS INTERNATIONAL INC. 13.02 12.48 0.54 4.33% 19.11 9.51 78650 1024023 NASD LIFE LIFE TECHNOLOGIES CORP. 50.96 53.20 -2.24 -4.21% 57.25 41.10 180000 9172800 NASD LGND LIGAND PHARMACEUTICALS INC. 9.46 10.72 -1.26 -11.75% 14.80 8.14 19630 185699.8 NASD LRAD LRAD CORP. 2.34 2.35 -0.01 -0.43% 3.10 0.71 30690 290327.4 NYSE MCZ MAD CATZ INTERACTIVE INC. 1.65 1.83 -0.18 -9.84% 2.09 0.34 55720 130384.8 NYSE MXL MAXLINEAR INC. NASD MXWL MAXWELL TECHNOLOGIES INC. NASD MNOV NASD MITI NASD NAII 8.98 9.85 -0.87 -8.83% 19.50 9.00 31930 52684.5 15.77 17.25 -1.48 -8.58% 19.65 10.16 26490 237880.2 MEDICINOVA INC. 3.80 5.04 -1.24 -24.60% 9.00 3.28 12440 47272 MICROMET INC. 5.08 5.65 -0.57 -10.09% 8.98 5.14 81000 411480 NATURAL ALTERNATIVES INTERNATIONAL INC. 5.45 5.49 -0.04 -0.73% 8.34 4.85 7120 38804 NASD NBIX NEUROCRINE BIOSCIENCES INC. 6.80 7.02 -0.22 -3.13% 9.30 2.30 54890 373252 NASD NVTL NOVATEL WIRELESS INC. 5.34 5.57 -0.23 -4.13% 11.53 5.46 31730 169438.2 AMEX NTN NTN BUZZTIME INC. 0.43 0.43 0.00 0.00% 0.74 0.31 60230 25898.9 NASD NUVA NUVASIVE INC. 25.17 27.45 -2.28 -8.31% 46.83 22.11 39630 997487.1 NASD OPTR OPTIMER PHARMACEUTICALS INC. 11.76 11.71 0.05 0.43% 13.72 7.68 39080 459580.8 NASD OREX OREXIGEN THERAPEUTICS INC. 2.76 2.86 -0.10 -3.50% 11.15 2.47 47580 131320.8 NASD OVRL OVERLAND STORAGE INC. 1.76 1.79 -0.03 -1.68% 3.52 1.13 14330 25220.8 NASD PACW PACWEST BANCORP 20.49 21.24 -0.75 -3.53% 24.98 16.56 35440 726165.6 NASD PICO PICO HOLDINGS INC. 27.74 29.60 -1.86 -6.28% 39.49 27.18 22700 629698 NASD PSMT PRICESMART INC. 33.86 35.06 -1.20 -3.42% 40.53 15.00 29900 1012414 NASD PURE PURE BIOSCIENCE 1.69 1.92 -0.23 -11.98% 3.74 1.60 37020 62563.8 NASD QCOM QUALCOMM INC. 53.00 57.15 -4.15 -7.26% 59.84 31.63 1640000 86920000 Medicinova Inc. Dot Hill Systems Corp. Royale Energy Inc. Acadia Pharmaceuticals Inc. -24.60% -22.77% -22.10% -17.74% NASD QDEL QUIDEL CORP. 11.81 12.04 -0.23 -1.91% 15.46 10.48 33140 391383.4 NYSE O REALTY INCOME CORP. 34.40 35.25 -0.85 -2.41% 36.12 28.42 118200 1395942 NYSE RMD RESMED INC. 30.07 32.15 -2.08 -6.47% 35.90 29.32 1530000 52632000 NASD RFIL RF INDUSTRIES LTD. 3.89 4.39 -0.50 -11.39% 4.47 2.40 5860 22795.4 NASD ROYL ROYALE ENERGY INC. 4.97 6.38 -1.41 -22.10% 7.90 1.76 10240 50892.8 NASD SNTS SANTARUS INC. 3.48 3.31 0.17 5.14% 5.67 2.09 58820 204693.6 Senomyx Inc. -12.18% NYSE SRE SEMPRA ENERGY 51.94 54.03 -2.09 -3.87% 54.45 43.91 240500 12491570 NASD SNMX SENOMYX INC. 5.77 6.57 -0.80 -12.18% 7.92 2.74 38890 224395.3 NASD SQNM SEQUENOM INC. 5.82 5.82 0.00 0.00% 8.20 4.69 76330 444240.6 NYSE SLH SOLERA HOLDINGS INC. 48.88 50.55 -1.67 -3.30% 54.80 32.43 70450 3443596 NASD TSRX TRIUS THERAPEUTICS INC. 5.44 5.97 -0.53 -8.88% 7.49 2.93 23580 128275.2 NASD VSAT VIASAT INC. 39.20 40.67 -1.47 -3.61% 46.00 30.60 41600 1630720 NASD VICL VICAL INC. 2.39 2.23 0.16 7.17% 4.05 1.70 71720 171410.8 NASD WDFC WD-40 CO. 40.39 41.14 -0.75 -1.82% 41.77 30.11 17070 689457.3 NASD WBSN WEBSENSE INC. 20.43 21.25 -0.82 -3.86% 25.28 17.03 40620 829866.6 Market Recap Advancers 7 Decliners Unchanged 62 3 Source: Trade Trends Inc. 303-665-5881 Note: Shares outstanding and market capitalization are listed in thousands. Phoenix Footwear was delisted from the AMEX on 3-10-11 and removed from the index. RF Industries had a 2:1 stock split effective 3-11-11. Previous Page 2-Page Spread 1-Page View 1BHF Thumbnails SDBJ User Guide Front Page Table of Content Zoom In Zoom Out Next Page 4"/%*&(0#64*/&44+063/"- www.sdbj.com .BSDI Twilight in Tuscany Brings Home Big Donation for Hospital Twilight in Tuscany, the 102nd anniversary charity ball, was held on Feb. 19 at the Hotel del Coronado. The event, chaired by Lisa Vieira, raised KUDOS/GIVING $270,000, which will go to benefit Rady Joyce Glazer Children’s Hospital — San Diego Heart Transplant Program. Gold sponsors included Ayres Advisors, SDG&E, Union Bank and Wells Fargo. Silver sponsors were Bank of America, Bridgepoint Education, Audrey S. Geisel/ The Dr. Seuss Fund /San Diego Foundation and the Hotel del Coronado. Other sponsors included TriWest Healthcare -JTB7JFJSB Alliance and Victory Pharma … Three San Diego Chargers players Shaun Phillips, Stephen Cooper and Antoine Cason raised $22,700 for After-School All-Stars San Diego as part of the Touchdown vs. Shutdown pledge. Companies including Scott & Cronin and The UPS Store locations matched donations for a total of $44,700. The funding supports after school programs which provide physical activities for children, regardless of athletic ability and parents’ income … The College of Business Administration at San Diego State University recognized Gail Naughton with Beta Alpha Psi’s Outstanding Dean for 2011. Beta Alpha Psi is an honorary and service organization for accounting, finance and information systems students attending AACSB or Equis-accredited universities. Naughton was selected for the award based on her support of Beta Alpha Psi and the students of the SDSU chapter … The Jewish Women’s Foundation awarded $245,000 in grants to support five programs in the community that develop self-esteem and leadership skills in teenage girls. “This is an extraordinary initiative that has the ability to touch the lives of girls from all walks of life,” said Jennifer Levitt, INDEX 5IFTFJOEFYFTMJTUUIFQFPQMFCVTJOFTTFTBTTPDJBUJPOTPSHBOJ[B UJPOTFUDUIBUBSFOBNFEJOUIJTXFFLTJTTVF5IFOVNCFSTSFGFSUP UIFQBHFPOXIJDIUIFOBNFJTGPVOE PEOPLE David Adelman ........................... 39 James Avery .............................. 26 Hugh Bagely............................... 33 Bill Beckman .............................. 23 Mauricio Berber ........................... 6 Frank Bernas ................................ 1 ORGANIZATIONS A A&P Drywall............................... 33 AACSB ....................................... 38 Ace Parking Management Inc. ... 21 adidas ........................................ 10 Advanced Masonry Inc. ............. 33 After-School All-Stars San Diego 38 Agate Steel ................................. 33 Airbus ........................................ 28 Airbus S.A.S............................... 23 Aldi,.............................................. 5 Alliant Techsystems Inc................ 1 Aluminum Window Systems Inc.33 American Pride General Engineering ................... 33 AMN Healthcare ........................... 1 Apple Inc. ..................................... 5 Astute Medical ........................... 21 Audrey S. Geisel/The Dr. Seuss Fund /San Diego Foundation ...... 38 Axis Financial Services Inc. ........ 23 Ayres Advisors ........................... 38 B Bank of America ......................... 38 Bell Boyd & Lloyd LLP ................. 3 Beta Alpha Psi ............................ 38 BJ’s Restaurant Brewhouse ....... 33 Black Mountain Ranch LLC .......... 8 Bluways USA.............................. 23 BMO Capital Markets ................. 28 Borders Group Inc. ...................... 5 Bottom Dollar Food ...................... 5 Brahma Construction ................. 33 Bridgepoint Education ................ 38 Britz-Simplot Grower Solutions LLC .............................................. 6 C CalFresh ....................................... 3 California West Communities ....... 8 Cassidy Turley .............................. 5 Cassidy Turley BRE Commercial 23 ChainLinks Retail Advisors........... 5 City Center Garage, Omaha ........ 21 City of San Diego ......................... 8 City of San Diego Redevelopment Agency.............. 21 Joe Bonin ................................... 33 Garrick Brown .............................. 5 Jerry Brown ............................... 21 Chip Buttner ................................. 5 Constance Carroll....................... 33 Antoine Cason ............................ 38 James Cauthorn ......................... 33 Nat Chang .................................. 33 City of Ventura ............................. 6 CL King & Associates................. 28 College Avenue Older Adult Center ................................. 3 Colliers International .................. 33 Color Nails ................................. 33 Commerical Openings ................ 33 Concentrix Solar Inc..................... 3 Corner Bakery ............................ 33 County of San Diego .................... 1 Credit Suisse Group AG ............. 21 Cross Country TravCorps ........... 28 Crystal Pyramid Productions ..... 10 Culture Shock San Diego ............. 3 Cushman & Wakefield Inc. ......... 33 D D&D Drilling Inc. .......................... 6 Del Mar Country Club................. 38 Delphi Ventures.......................... 21 Del Sol Realty............................. 33 De Novo Ventures ...................... 21 Diamond Management Inc. .......... 5 DJO LLC..................................... 21 Dollar General Corp ...................... 5 Dollar Tree Inc. ............................. 5 Domain Associates L.L.C. .......... 21 Doubletree Hotel, Omaha ........... 21 E Eastern Municipal Water District .. 6 East of Bali Day Spa ................... 33 ECP Commercial ........................ 33 Elephant Walk Outdoor Footwear33 Equis .......................................... 38 F Fallbrook Technologies Inc... 21, 23 Fish & Richardson P.C.................. 3 Forbes magazine .......................... 3 Frost & Sullivan ........................... 6 G Gemological Institute of America Inc. ................................. 3 Gene Fong Associates ................ 33 General Atomics Aeronautical Systems Inc........... 28 Girl Scouts San Diego-Imperial Council ....................................... 38 Gold & Silver Pawn Shop ............. 3 Paulo Coelho .............................. 15 Stephen Cooper ......................... 38 Clark Crawford ........................... 26 Dan Curley ................................. 33 Elsa Depeupiere ........................... 4 Stone Douglass .......................... 23 Mike Ellington ............................ 29 Marie Flacassier ........................... 4 Mark Flanagan Jr. ....................... 26 Steve Forbes ................................ 3 Mahatma Gandhi ........................ 15 Fir Geenen .................................. 23 Audrey S. Geisel......................... 38 Thomas Gotfredson ................... 33 Ty Govatos ................................. 28 Rich Grosch ............................... 33 Tony Gwynn ............................... 10 Goodrich Corp............................ 23 Google ......................................... 4 H Harlingwood Alpha LLC ............. 23 Harlingwood Equity Partners ..... 23 Health & Human Services Agency 1 Heller Ehrman LLP ....................... 3 HHGregg ...................................... 5 History Channel ........................... 3 Hodyon LP ................................. 23 Honda ........................................ 10 Hotel del Coronado .................... 38 Hughes Telematics Inc. ................ 6 I Intercare Insurance Solutions .... 29 Inter Communications Co. Ltd. .... 3 Inter Ikea Systems B.V. ................ 4 International Facility Management Association ........... 38 ISE Corp..................................... 23 J J. Noble Binns Plumbing Co. Inc. ...................... 33 Jacobs Center for Neighborhood Innovation ............ 5 Jewish Family Service of San Diego .................................... 3 Jewish Women’s Foundation...... 38 Johnson & Johnson Development Corp. .................... 21 Jones Lang LaSalle .................... 12 JP Holland.................................. 33 K K&L Gates LLP............................. 3 King’s Seafood ........................... 33 Kraft Foods Inc............................. 6 Kunzik & Sara ............................ 33 L L’Occitane Inc............................... 5 Lee & Associates ....................... 12 Lockheed Martin Corp................ 28 Los Angeles Department of Water & Power............................. 6 M Macquarie Capital Markets ......... 23 Make-A-Wish Foundation of San Diego .................................. 38 chair of the Jewish Women’s Foundation.” … The Make-A-Wish Foundation of San Diego raised $103,000 at the second annual Walk for Wishes on Feb. 26 at SeaWorld. Major sponsors included SeaWorld, San Diego County Credit Union and Bridgepoint Education. The funds raised will be used to grant wishes to children with life-threatening medical conditions … The Sundt Foundation granted $12,000 to nonprofits during the past quarter. The Foundation was founded in 1998 to give employees of Sundt Construction a means of giving back to the communities where they live and work. Seven organizations received grants ranging from $1,000 to $2,500 … The International Facility Management Association began working on its 2011 Hands on Project for the San Diego Youth Services on March 5. The Spring Valley and East Communities Center was created two years ago after an elementary school was closed down. IFMA obtained donations for materials and labor for six new planter boxes to be used as a platform to begin the community garden project. The goal of Rick Harrison ............................... 3 Sue Hodges................................ 26 Chris Humphreys ....................... 26 Mary Joyce Ivers.......................... 6 John Jensen............................... 15 Earl Jeremy ................................ 33 John Kale ................................... 29 Hansjorg Lerchenmuller ............... 3 Rolinda Lett................................ 33 Jennifer Levitt ............................ 38 Nick Macchione........................ 1, 3 Lewis MacKenzie........................ 15 Corey McHenrey ........................ 33 Pat Millay ................................... 33 Mark Minieri............................... 33 Gail Naughton ............................ 38 Alan Nevin .................................... 8 MarketPointe Realty Advisors ...... 8 McGladrey & Pullen LLP ............ 21 McKenna Long & Aldridge LLP .... 3 MCR Office................................. 33 Medfinders Inc. ............................ 1 Medical Staffing Networks Healthcare .................. 28 Menchies Frozen Yogurt............. 33 Merrill Lynch Wealth Management . 15 MGS Construction Inc................ 33 Microsoft ..................................... 4 Mid-Land Sheet Metal Inc. ......... 33 Miramar College......................... 33 N National Association of Women Business Owners ............ 3 Naval Facilities Engineering Command Southwest San Diego .................................. 33 NAVFAC Southwest Lemoore ..... 33 Networkfleet Inc. .......................... 6 NGEN Partners ........................... 23 Ningbo Shentong Group ............ 21 Northrop Grumman.................... 28 NTD Architecture........................ 33 NTN Buzztime Inc....................... 23 Nursefinders .............................. 28 Nutrition Zone Inc. ..................... 33 O Orange 21 Inc. ........................... 23 Orbital Sciences Corp................. 28 Outback Steakhouse .................. 10 P P.F. Chang’s China Bistro ............ 33 PacTen Partners for CPT/ SC Title Holding Corp. ................ 33 PattersonDavis Consulting ......... 26 Pearl & Herschel LLC ................. 12 Pizza De la Comunidad LLC ......... 5 Pizza Patron ................................. 5 Polinsky Children’s Center ......... 38 Poway Unified School District ...... 8 Presidio Residential Capital ........ 12 Pretty Please .............................. 33 Promises2Kids ........................... 38 Psomas Engineering .................. 33 SDYS is to dedicate part of the property to be a training, demonstration and community garden where community members can take classes… Promises2Kids received a $30,000 grant from the S. Mark Taper Foundation. The grant will be used for general operating support to help strengthen programs and services including Mary’s House Transitional Housing Program at the Polinsky Children’s Center. The Guardian Scholars Program will also receive support … An Evening of Excellence is is scheduled for April 9 at the Parma Payne Goodall Alumni Center at San Diego State University. The event is in honor of President Stephen Weber and Susan Weber for fifteen years of dedication and service to SDSU … Girl Scouts San Diego-Imperial Council held its “10 Cool Women of 2011” on March 15 at the Del Mar Country Club. Those being honored were recognized for their professional accomplishments, community contributions and leadership, making them role models for young girls. Please send Kudos and Giving items to Joyce Glazer at [email protected]. Barack Obama ............................ 39 Bill Ostrem ................................... 8 Kate Patterson............................ 26 Ron Pepper .................................. 5 Shaun Phillips ............................ 38 Mark Pohle................................. 33 Frank Quattrone ........................... 3 Steven V. Restivo ......................... 5 Ron Roberts............................... 29 Debra Rosen .............................. 29 Burckhardt Rueffer ....................... 4 Susan R. Salka ............................. 1 Jerry Sanders................... 3, 26, 29 Keith Schneider ............................ 6 Mark Schulze ............................. 10 Stephanie Seidman ...................... 3 Bill Shrader ................................ 33 Jeffrey Silber .............................. 28 Peter Skibitski ............................ 28 Keith Spicher.............................. 21 Jim Staylor................................. 10 David Strauss ............................. 33 J.P. Sutro ................................... 33 Robert Takacs ............................ 28 Jeff Turk ..................................... 33 Lisa Vieira .................................. 38 Tracey Walcott ........................... 33 Stephen Weber........................... 38 Susan Weber.............................. 38 Audrey Welch ............................... 3 Craig Whitney .............................. 6 Oprah Winfrey ............................ 10 David Zeigler .............................. 10 Q Qatalyst Partners.......................... 3 Qualcomm Inc............................ 10 Smiths Medical .......................... 23 Soitec ......................................... 26 Soleluna Cafe ............................. 15 Souplantation ............................. 10 St. Clair Galleries........................ 33 Standard Pacific Homes ............... 8 Staylor-Made Communications Inc. ................. 10 Summit Drywall and Painting..... 33 Sundt Companies Inc. ................ 38 Sundt Construction .................... 33 Sundt Foundation....................... 38 SunTrust Robinson Humphrey Inc. ........................... 28 R Rady Children’s Hospital — San Diego .................................. 38 Rancho Bernardo Inn ................. 29 Retail Insite .................................. 5 Rex Moore Electrical and Engineering Contractors ............ 33 Rikco International LLC.............. 21 RMJ Technologies........................ 6 Road Runner Sports Inc. ........... 33 Robeco....................................... 23 Royal Military College of Canada 15 S S. Mark Taper Foundation .......... 38 San Diego Business Journal ..................... 10, 23, 26, 28 San Diego Business Solutions ... 33 San Diego Chargers ................... 38 San Diego City Council............... 21 San Diego Community College District........................... 33 San Diego County Board of Supervisors............................ 3, 29 San Diego County Credit Union.. 38 San Diego County Health and Human Services Agency .............. 3 San Diego County Regional Airport Authority ........................ 29 San Diego Employer Advisory Council ........................ 29 San Diego French-American Chamber of Commerce ................ 4 San Diego Gas & Electric Co. ....... 3 San Diego North Chamber of Commerce.................................. 29 San Diego State University ......... 38 San Diego Youth Services .......... 38 Save-A-Lot ................................... 5 Scott & Cronin ........................... 38 SDG&E ....................................... 38 SeaWorld ................................... 38 Sempra Energy ............................ 3 7-Eleven Inc. ................................ 5 Shentong Fallbrook CVT Co. Ltd. 21 Sierra Club ................................... 8 T T-Mobile USA Inc. ...................... 33 T.B. Penick & Sons Inc. .............. 33 Target ........................................... 5 The UPS Store ........................... 38 The US Grant ............................. 15 Thomas Gotfredson Esq............. 33 TriWest Healthcare Alliance ........ 38 U U.S. Air Force ............................. 28 U.S. Bureau of Labor Statistics .... 4 U.S. Green Building Council ....... 33 U.S. Marine Corps...................... 28 U.S. Navy ................................... 28 Union Bank ................................ 38 United Nations Protection Force 15 United Technologies Corp. ... 23, 28 V Victory Pharma Inc. ................... 38 Voit Real Estate Services Inc. ..... 23 W Wal-Mart Stores Inc. .................... 5 Wall Street Journal....................... 3 Websense Inc............................... 3 Wells Fargo ................................ 38 Wind River Media....................... 10 World Bank ................................ 39 X XCom Global Inc. ......................... 3 Y Yorba Linda Water District ........... 6 YouTube ..................................... 10 Previous Page 2-Page Spread 1-Page View Thumbnails SDBJ User Guide .BSDI Front Page Table of Content Zoom In 4"/%*&(0#64*/&44+063/"- COMMENTARY Editorials, letters, columns and other opinions The Standard Budget Process Should Be Replaced As California confronts years of wrenching financial challenges, it is time for state legislators to make good on their pledge to make bold changes to the way COMMENTARY our state operates. We need to fundaNathan Fletcher mentally change the way the state conducts its business. Today’s budget crisis gives us an opportunity to propose solutions that will make state government more accountable, more transparent and ultimately, more effective. I am the proud co-author of Senate Bill 14 that will put in place performance-based budgeting. Currently, the state budget operates on the principle of baseline budgeting. Many programs take the previous year’s amount and factor in an automatic increase. So what is often discussed in public as a cut is, in fact, simply a reduction in the rate of growth of a program. This not only confuses the public, but it also shifts the budget debate. Instead of focusing on whether a program is working efficiently or is even needed, the entire discussion becomes about the size of the increase. The baseline model does not facilitate discussion or agreement on priorities. Making Informed Decisions The budget process needs to be about goals and desired results. Under the baseline model, state officials do not have the necessary information to determine which programs are really working. Baseline budgeting does not provide data to help policymakers exercise needed oversight on the cost or effectiveness of public programs, when we have more money to invest or when we must make cuts. To improve budget accountability, the governor and state Legislature should adopt clear and compelling goals for each of California’s agencies. Citizens and policymakers should understand specifically what the state is trying to accomplish in education and work force development, health and human services, public safety, resource management and environmental protection as well as other public programs. We should then be able to see how much we are paying to reach those goals. The governor and Legislature should define achievable targets that allow members of the budget committees and the public to evaluate the progress being made. The critical first step toward reforming our budget system is to implement performance-based budgeting. This action would improve accountability and put California on the leading edge of budget reform. SB 14 establishes a performance-based budget process for California that would be phased in completely for all departments and programs by the 2014-15 fiscal year. Practical Considerations The bill requires that the government makes its budget decisions in the same way businesses do — through a performance-based model that includes: 1. The mission and goals of the agency; 2. The activities and programs focused on achieving those goals; 3. Performance metrics that reflect de- sired outcomes for existing and proposed activities and a targeted performance level for the following year; 4. Prior-year’s performance data and an explanation of any deviation from previous goals; and 5. Proposed statutory changes, including creation of incentives or elimination of disincentives, which could improve outcomes or hold down costs. Just as businesses do, state program goals must be supported by results — or performance measures — that allow public managers to report their progress and propose future targets. Performancebased budgeting will allow us to identify and then work to lower the cost of labor for each area of state government. We know that performance-based budgeting is a successful business model, so why would it not be equally effective for government? This issue isn’t a partisan one. I am proud to partner with my colleagues across the aisle in pushing for a common-sense change that is long overdue. We know it won’t be easy to tackle entrenched bureaucracies and counter the argument of “that’s the way it has always been done.” However, tough times require new ways of thinking. Instead of letting our financial challenges erode California’s greatness, we can use the state’s budget crisis to focus our efforts on doing the best job we can with our limited resources. The time for real change and a fundamental restructuring of the way our state operates is now. This opportunity must not be squandered. Nathan Fletcher represents California’s 75th Assembly District. Zoom Out Next Page www.sdbj.com 1BHF 4909 Murphy Canyon Road, Suite 200 San Diego, CA 92123 858-277-6359 • Fax 858-277-6398 E-mail: [email protected] • Web site: www.sdbj.com PRESIDENT & PUBLISHER Randy C. Frisch [email protected] • 858-277-6795 VICE PRESIDENT, CORPORATE DIGITAL MEDIA EDITOR-IN-CHIEF Reo Carr [email protected] • 858-277-1740 EDITORIAL Managing Editor Brad Sondak [email protected] • 858-634-4623 Asst. Managing Editor Julie Gallant [email protected] • 858-634-4626 Copy Editor Steve J. Adamek [email protected] • 858-277-6591 Contributing Editor Tom York [email protected] Senior Reporter Mike Allen [email protected] • 858-277-6971 Reporters Brad Graves [email protected] • 858-277-6586 Lou Hirsh [email protected] • 858-277-8904 Kudos/Giving Columnist Joyce Glazer [email protected] Editorial Assistant Daina Yousif [email protected] • ext. 3109 Photographers Melissa Jacobs • [email protected] Stephen Whalen • [email protected] RESEARCH Research Editor Stephanie R. Glidden [email protected] • 858-634-4636 ADVERTISING Sales Manager Dale Ganzow [email protected] • 858-277-4832 Account Executives Sarah Christ [email protected] • 858-634-4627 Cindy Dunford [email protected] • 858-277-6692 Marketplace Account Executive Mallory Bullard [email protected] • 858-277-6594 Opportunities to Export to Singapore Accelerating Sales Administrator/Receptionist Kathi McArthur [email protected] • 858-634-4631 Events Coordinator/Supplements Editor In January 2010, President Obama announced the National Export Initiative, or NEI, which aims to double U.S. exports by 2015 while supporting millions of COMMENTARY new American jobs. David Adelman The NEI marks the first time the United States implemented a governmentwide export-promotion strategy with focused attention from the president and his Cabinet. As a dynamic Asian market and gateway to all of East Asia, Singapore is playing a vital role in fueling demand for U.S. goods and services, and I proudly support this development. We’ve already seen good progress as overall U.S. exports were up nearly 17 percent in 2010, and our exports to Singapore are up an even more impressive 30.5 percent. The NEI focuses on five key areas: improving trade advocacy and export promotion efforts; increasing access to credit, especially for small and midsize businesses; removing barriers to the sale of U.S. goods and services abroad; enforcing trade rules; and pursuing policies at the global level to promote strong, sustainable and balanced growth. Last year, Golden State companies shipped $4 billion worth of products to Singapore, and the state’s exports to this Asian market were up 25 percent in 2010 compared with the previous year. Singapore, with a population of just 5 million, ranks as the 10th largest U.S. export market. Driven by its role as a regional highend manufacturing center and trading gateway, Singapore has bounced back strongly from the worldwide economic downturn with 14.5 percent growth in 2010, the second highest growth rate in the world last year. American exporters should also consider what Singapore has to offer: A first-world country with all the amenities; the second-highest per capita gross domestic product (more than $42,000) in Asia behind only Japan; strong intellectual property rights protection; and a country where English is spoken as a first language. In fact, the World Bank has consistently ranked Singapore as the easiest country in the world in which to do business, thanks in large part to its transparent business environment. Environment Conducive to Business Because of opportunities and its welcoming environment, more than 1,500 American companies — including many from California — have operations in Singapore, focusing on the regional market in sectors ranging from environmental and information technologies to biomedical, cosmetics, aviation, oil and gas, education and logistics. Our trading relationship continues to be enhanced by the U.S.-Singapore Free Trade Agreement. There are virtually no barriers to the entry of U.S. goods to the Singapore market. Since the agreement went into effect in 2004, total merchandise trade between our two countries has grown by 47 percent and U.S. exports by 76 percent (to $29.1) billion last year. Only a small fraction of all U.S. businesses export, and of those that do, 58 percent sell to only one market. As such, Singapore not only represents an important market, but it also holds great potential for U.S. companies as a regional hub for expanding their sales into Southeast Asia and beyond to other countries. I encourage U.S. companies to take a close look at what Singapore’s market has to offer. To get started, visit the U.S. Commercial Service at buyusa. gov/SanDiego and our U.S. Embassy at buyusa.gov/Singapore. David Adelman is U.S. ambassador to Singapore and conducted a business outreach tour to Houston, San Diego, Los Angeles, San Francisco and Seattle last fall and another to the southeast United States this winter. Carole Ravago [email protected] • 858-634-4634 Events Specialist April West [email protected] • 858-277-6695 ART & PRODUCTION DEPARTMENT Director of Art & Production Michael S. Domine [email protected] • 858-634-4628 Design Editor/Graphic Artist Darlene Alilain-Horn [email protected] • 858-277-1516 Graphic Artist Rick Pearce [email protected] • 858-634-4630 CIRCULATION Director of Circulation & Marketing Linda Olander [email protected] • 858-277-2914 Director of Circulation Sales Lawanda Ashworth [email protected] • 858-277-9734 Circulation & Marketing Associate Casimira Lavala-Martinez [email protected] • 858-634-4629 Circulation Assistant/Receptionist Shannon Snyder [email protected] • 858-277-6391 ADMINISTRATION Controller Mark J. Misiano [email protected] • 858-277-6778 Previous Page 2-Page Spread 1-Page View Thumbnails www.sdbj.com 1BHF SDBJ User Guide Front Page Table of Content Zoom In Zoom Out 4"/%*&(0#64*/&44+063/"- Next Page .BSDI TM rs that gives all business owne sm r fo ion lut so ce ed into your e-commer yments are deposit efront, an all-new or pa St er m nt sto sta In cu , g all cin Introdu ucts online. Best of ep your cash flow, u need to sell prod customers and ke e or m h ac re you everything yo n ¹ ca m/StoreFront So you nus². Visit chase.co the very next day . bo sh ca 00 $1 a t checking account costs plus ge and pay no set-up flowing. Act now to get started. to add products, Just point and click d start selling. update pricing an . ter fas id pa Then get 1. Next-day funding is available to new Chase Paymentech customers for Visa®, MasterCard® and Discover® card transactions only. Next-day funding is subject to merchant credit approval and all funds are subject to fraud monitoring. Qualifying funds are deposited on the next business day, excluding weekends and bank holidays. 2. $100 cash bonus will be deposited into a qualifying Chase Business Checking account within 60 business days after the initial merchant transaction has posted to the business checking account. Bonus contingent upon merchant’s credit approval and the execution of a Merchant Application and Agreement with Chase Paymentech. Cash bonus is considered income and may be reportable on IRS Form 1099-Misc. Existing Chase Paymentech customers are not eligible for this offer. Offer expires June 30, 2011 Merchant services provided by Paymentech, LLC (“Chase Paymentech”), a subsidiary of JPMorgan Chase Bank, N.A. Deposit products provided by JPMorgan Chase Bank, N.A. Member FDIC. Equal Opportunity Lender. Instant Storefront is a trademark of Chase Paymentech. © 2011 JPMorgan Chase & Co. Previous Page 2-Page Spread 1-Page View Thumbnails SDBJ User Guide Front Page Table of Content Zoom In Zoom Out Next Page Digital edition users guide | Table of Content San Diego Business Journal digital edition provides links to navigate through pages and articles easily whether you are on your mobile device such as iPad and computer. With a the touch of your fingertips on the headlines, the digital edition will directly link you to the website where the article is placed and can be forwarded through email or copied and pasted on documents of choice. 1 Editorial Link to website 2 page jumps 3 Advertising link to website 4 Table of content page Computer Click or touch the headline for any story to link to the Web edition of the story. Subscribers can email any story from the sdbj.com Web site. Click or Touch on an jump tags leads you to and from the jump page Click or touch an advertisement to be linked to an advertiser's Web site. Computer Click or touch table of content teaser will jump directly to the page of the story.. Instructions for downloading and reading the business journal on your iPad. To read Digital Edition on your iPad, you must use iBook app that is a standard app for iPads. 1. Click on the below listed URL: www.sdbj.com/digital-editions/ 2. Click on the edition you wish to download (the editions for each paper are represented by an icon which appears on the Web page you access with the browser). 3. Wait as the selected edition is downloaded into your browser. Download progress is marked by a blue thermometer indicator in the URL bar of the browser. 4. The downloaded edition will appear in your browser 5. Move the downloaded edition into the iBooks digital reader (iBooks is a standard app delivered on all iPads. The app is available free on in the Apple app store should you need to download a copy of the app) by tapping in the center of the page until you see the "open in" button appear in the upper right-hand corner of the page. 6. Tap on the "open in" button. A list of apps will appear. Select iBooks. After a delay of a few moments, the digital edition will appear on a bookshelf in the iBooks app. 7. Tap on the image of the digital edition shown on the bookshelf and the edition will open in iBooks. 8. Use the tools at the top of each page of the digital edition in combination with the built in tools in iBooks to read and navigate the edition. 9. Enjoy reading your weekly digital edition of the San Diego Business Journal 10. Please give us feedback by sending me an email at: [email protected] Previous Page 2-Page Spread 1-Page View Thumbnails SDBJ User Guide Front Page Table of Content Zoom In Zoom Out Next Page Digital edition users guide | Editorial Link to website San Diego Business Journal digital edition provides links to navigate through pages and articles easily whether you are on your mobile device such as iPad and computer. With a the touch of your fingertips on the headlines, the digital edition will directly link you to the website where the article is placed and can be forwarded through email or copied and pasted on documents of choice. sdbj.com SAN DIEGO BUSINESS JOURNAL THE Volume 32, Number 5 Innovation COMMUNITY OF B U S I N E S S TM January 31-February 6, 2011 $2.00 HEALTHY IMPACT STAFFING: Health Care Reform Likely To Create Growth Opportunities for Firms O#Z45&7&4*/07*$ Venkat Shastri serves as president and CEO of PCN Technology. Page 4 Retail Health care reform may be a permanent fix to provide every American with basic medical services, but look to temporary staffing firms to do a lot of the heavy — and challenging — lifting on the patient care recruitment front. Landmark legislation signed into law by President Obama promises to bring far-reaching change to the nation’s health care system. While many of the law’s provisions don’t take effect until 2014, access to health care provided under this bill will greatly increase the need for clinical professionals. At the same time, a large number are already leaving the AMN page 27 .FMJTTB+BDPCT 4VTBO34BMLBJTUIF$&0PG"./)FBMUIDBSF"./BOEPUIFS UFNQPSBSZIFBMUIDBSFTUBGàOHDPNQBOJFTNJHIUCFOFàUGSPN UIFPWFSIBVMPGUIFOBUJPOTIFBMUIDBSFTZTUFN Campaign Promotes Region as Tech Center Debra Jensen is chief information officer for Charlotte Russe, which has more than 10,000 employees. Page 33 WORK FORCE: Local Offices Look to Fill 6,000 Job Openings in Software, Information Technology O#Z.*,&"--&/ The List: Commercial Real Estate Brokerages Page 16 1 Responding to a projected dearth of local engineering talent to fill the growing number of jobs created by San Diego’s high-tech companies, two organizations are joining with the private sector to launch a recruiting campaign to attract such workers from other areas of the state. In March, the San Diego Software Industry Council and San Diego Regional Economic Development Corp. plan to roll out the campaign promoting San Diego as a tech center in Los Angeles and Orange counties. “There are many people outside this region who aren’t terribly aware of the tremendous job opportunities we have here, so we have to do a better job of promoting that idea,” said Bob Slapin, executive director of the Software Industry Council. Slapin said the goal is to publicize that local tech #PC4MBQJO firms have about 6,000 job openings in the software (SPXJOH4PGUXBSF and information technol$PNQBOZ(FUT ogy fields. /FX/BNF Lauree Sahba, chief operating officer at the EDC, PAGE 3 Tech page 27 Hoteliers Exuberant About Lodging Prospects Investment headlines: Touching headlines leads you directly to Summit. the sdbj.com article. HOSPITALITY: Optimism More than 2,000 attended the conference, Tempered With Skepticism On the Employment Front O#Z-06)*34) 49241 83136 Continued challenges in financing new properties, combined with a gradually improving economy, should bode well for current hotel operators in the coming year, industry leaders predicted at an international hospitality conference in San Diego. “There seems to be a very broad recovery under way,” said Arne Sorenson, president and chief operating officer of Marriott International Inc., during a session at the Americas Lodging among the industry’s largest annual gatherings, Jan. 24-26 at the Hilton San Diego Bayfront Hotel. The event draws a crowd that includes representatives of global firms in the realm of hospitality and finance. At a panel discussion featuring leaders from some of the largest chain hotel companies, the executives predicted a continued slow rebound in room rates during 2011, as business travel increases while cost-conscious consumers shop around for the best deals on the Web. David Kong, president and chief executive officer of Best Western International Inc., said gains in the stock markets, which have generally Lodging page 26 Pentagon Cutting Exquisite Programs DEFENSE: Money Going to Projects Deemed More Worthy O#Z#3"%(3"7&4 With the U.S. Department of Defense keeping a closer eye on spending, the defense industry’s main customer has less tolerance for the “exquisite” program. That was one of the messages that Robert O. Work, undersecretary of the Navy, delivered Jan. 26 at the San Diego Convention Center during the West 2011 military conference. The Pentagon is cutting programs that Work calls exquisite — meaning programs that are highly capable but very expensive — and shifting money to programs it decides are more worthy, Work said in separate appearances 3PCFSU08PSL before a luncheon audience and before a gathering of defense industry reporters. This comes as Pentagon leaders increasingly view the federal budget deficit as a risk to national security. Work limited his remarks to program cuts that had previously been announced. The undersecretary told the defense business community to wait for President Obama to release his budget, on Feb. 15 or thereabouts, to get a better idea of the Pentagon’s spending plans. He listed the upgraded Presidential Helicopter program as one of the exquisite programs Military page 26 05 Previous Page Thumbnails 2-Page Spread 1-Page View SDBJ User Guide Front Page Table of Content Zoom In Zoom Out Next Page Digital edition users guide | page jumps San Diego Business Journal digital edition provides links to navigate through pages and articles easily whether you are on your mobile device such as iPad and computer. With a the touch of your fingertips on the headlines, the digital edition will directly link you to the website where the article is placed and can be forwarded through email or copied and pasted on documents of choice. +BOVBSZ 4"/%*&(0#64*/&44+063/"- 1BHF www.sdbj.com New Challenge Firm Asserts Edgy Image With New EdgeWave Name TECHNOLOGY:Refreshed EDGEWAVE Is on the Plate Moniker Part of 2-Year Of Media Maven Reinvention Process CEO:-PV3ZBO Revenue: NJMMJPOGPSàSTUOJOF NPOUITNJMMJPOGPSUIFMJLFQFSJPEPG 2 Well, when we last checked in with new media guru Ron James — the genius behind San Diego Magazine’s pioneering Web site and a former key player at signonsandiego. SDBJ INSIDER com and the now Tom York defunct San Diego News Network — he was heading off to retirement in the Wine Country to write about his favorite wines and really good food. Well, he’s decided to stay a little closer to home. He launched his newest brainchild, Wine & Dine San Diego Magazine, on Jan. 24, and has assembled a first-class team of food writers to turn out reviews and profiles. The site will also provide one-stop browsing for deals and discounts at area restaurants. Former L.A. Times restaurant reviewer David Nelson serves as associate publisher ... After a year and a half of utter silence, the dynamic radio duo of Jeff and Jer (Jeff Detrow and Jerry Cesak) returned to the airwaves Jan. 24 during the morning drive time on local station KyXy/96.5. Thanks to Insider correspondent and publicist Jan Rieger for the reminder about their return ... Former East County Chamber of Commerce CEO Mike Cully’s attorney was threatening to file a breach of contract lawsuit against Cully’s former employer the week of Jan. 24. He is seeking $12,000 he says he’s owed for his sudden termination Sept. 23. Cully, currently an M.B.A. student, is a former television journalist who successfully served as the head of the Visalia Chamber of Commerce. No comments from East County chamber executives about the dispute ... The Thomas Jefferson School of Law, which recently started classes in its eight-story urban campus in East Village, said it has assumed the master lease of Entrada, a 172-unit residential complex located at Island and 11th avenues a block away. The lease will enable the law school to recruit nationally and provide housing, and then move up the food chain of high-profile law schools ... Happy birthdays! San Diego-based financial services firm Rosner Brown Touchstone & Keller celebrates its 30th year anniversary in January. Krispin Rosner started the firm three decades ago, and now includes Kevin Brown, Dan Touchstone, Lorrie Keller and Scott Trendel as partners ... United Way is honoring its 90th birthday this year with an unusual photo exhibit in the lobby of NBC Plaza on Broadway in downtown San Diego. The exhibit, “Home Again,” focuses on the stories of formerly homeless who have found new homes and new lives, thanks in large part to the efforts of United Way. For details, browse on over to uwsd.org ... Finally. What’s new on the horizon? Balboa Park’s Museum of Man opens its latest exhibit, “Race: Are We So Different?,” on Feb. 12. The show explores the everyday experience of living with race — the conceptions and misconceptions about race in society — and the findings of contemporary science. Details at museumofman.org. Till next week! Tom York pens the SDBJ Insider, and is always on the lookout for interesting bits and tidbits. Reach him at [email protected]. page jumps: Net losses:NJMMJPOGPSàSTUOJOF NPOUITGPSUIFMJLFQFSJPEPG ®Ê#Z.*,&"--&/ Reinvention is a wonderful thing, and when companies do it, they sometimes change their names as well. Hence, what was once called St. Bernard Software Inc. was rebranded this month as EdgeWave. Yet, why would a business abandon the moniker that elicits images of the stalwart canine saving stranded climbers? “This company has completely reinvented itself in the last couple years and we thought that it was appropriate to give it a new name,” says Chief Executive Of- No. of local employees: Year founded: Stock symbol and exchange: 4#480# POUIF05$#VMMFUJO#PBSE Company description: %FTJHOFSBOENBLFS PGTFDVSFDPOUFOUNBOBHFNFOUTPGUXBSFGPS NFEJVNBOEMBSHFDPNQBOJFT ficer Lou Ryan. The name is meant to suggest a company operating on the edge of technology, with solutions that help customers catch a wave propelling them forward, he said. In simple terms, EdgeWave’s secure content management software products protect data at medium to large businesses. “We help organizations protect their employees and their digital assets from harm with all the bad things that can happen to you when you’re out in cyberspace with a Web browser … or exchanging e-mail with somebody outside the #SJBO/VHFOU organization,” said Brian Nugent, EdgeWave’s chief operating officer. Boost in Customers, Employees Now with more than 8,000 customers, EdgeWave page 30 Cadence Makes Big Addition to Pain-Relief Arsenal HEALTH CARE:Firm’s Injectable Acetaminophen Aids Postoperative Patients ®Ê#Z45&7&4*/07*$ Befitting the company’s name, San Diego-based Cadence Pharmaceuticals Inc.’s sales staffers are marching to appointments to get a share of the pain-relief business at the nation’s hospitals. The company’s distribution centers are fully stocked and accepting orders for Ofirmev, the injectable therapeutic now being marketed by Cadence. ‘Our therapeutic is addressing incisional pain following surgery. When combined with a stronger drug, it allows for much better pain relief.’ — Ted Schroeder Cadence Pharmaceuticals founder, president and CEO After an expensive seven-year process to bring the drug to market, the company’s top executive said Cadence is looking to meet a huge unmet need at the nation’s hospitals with its intravenous pain reliever Qualcomm’s First Quarter Tops Forecasts Qualcomm Inc. beat Wall Street analysts’ expectations both in revenue and profit growth for its fiscal 2011 first quarter results released Jan. 26. For its first quarter ended Dec. 26, the San Diego-based designer and maker of chips used in wireless devices and base stations reported $3.35 billion in revenue, up 25 percent over the like quarter of the 2010 fiscal year. The number was above the $3.2 billion average forecast by stock analysts. Net income for the first quarter was $1.17 billion, up 39 percent from the prior fiscal year’s first quarter. On a diluted share basis, the profit was 71 cents, compared with 50 cents per share in the 2010 first quarter. “It was just an all-around great quarter,” said Bill Kreher, an analyst with Edward Jones, quoted in an Associated Press report. “They are really in the sweet spot in the shift toward smart phones and tablets.” Shares of Qualcomm, traded on Nasdaq under QCOM, soared by about $3 in after-hours trading to just below $55 Jan. 26, above the company’s previous 52-week high of $53.10. Qualcomm also revised upward its guidance for the second quarter and the rest of the fiscal year, with revenue next quarter expected to be $3.45 billion to $3.75 billion. For the full year, the company forecasts revenue of $13.6 billion to $14.2 billion. for patients who are unable to swallow pain pills. Helping fund the company’s various efforts was a November 2010 financing Cadence page 30 ARE YOU IN JEOPARDY OF LOSING YOUR PROPERTY TO THE BANK? W Touch jump tags leads you to and from the jump page e faced our own challenging situations in commercial real estate and development business .JLF"MMFO during these past several years. Fortunately, due to decades of experience, we knew how to work with various banks and to restructure and settle all our debts successfully! Since then, we have helped many banks and clients successfully reach suitable restructuring plans! At NO COST TO YOU, we will analyze your situation and determine if we can be of substantial benefit to you! If so, on a contingency basis, this is what we will do for you: • Analyze and update your financial statement and balance sheet • Take over all your negotiations with the bank subject to your ultimate agreement • Use our proven expertise to achieve an acceptable solution for you and your lender • Avoid foreclosure/bankruptcy • Avoid further damage to your personal and financial life With a proven track record of restructuring more than $100 million of debt, we would like to help our fellow citizens in need of guidance and assistance during these difficult times, with debts of $5 million or more. Ben Badiee Badiee Development Inc. 4747 Viewridge Ave., Suite 108 San Diego, CA 92123 858-337-7323 Moniker Part of 2-Year Reinvention Process tect data at medium to large businesses. “We help organizations protect their employees and their digiNet losses:NJMMJPOGPSàSTUOJOF tal assets from harm ®Ê#Z.*,&"--&/ Well, when we Thumbnails SDBJ User GuideNPOUITGPSUIFMJLFQFSJPEPG Front Page Table of Content Zoom with the badOut thingsNext Page Previous Page 2-Page Spread In all Zoom 1-Page View last checked in with that can happen to Reinvention is a wonderful thing, and No. of local employees: new media guru Ron when companies do it, they sometimes Year founded: you when you’re out James — the genius in cyberspace with a change their names as well. Stock symbol and exchange: 4#480# behind San Diego Web browser … or exHence, what was once called St. Bernard POUIF05$#VMMFUJO#PBSE Magazine’s pioneerSoftware Inc. was rebranded this month Company description: %FTJHOFSBOENBLFS changing e-mail with ing Web site and a somebody outside the #SJBO/VHFOU as EdgeWave. Yet, why would a business PGTFDVSFDPOUFOUNBOBHFNFOUTPGUXBSFGPS former key player organization,” said abandon the moniker that elicits images NFEJVNBOEMBSHFDPNQBOJFT at signonsandiego. SDBJ INSIDER Brian Nugent, EdgeWave’s chief operatof the stalwart canine saving stranded com and the now ing officer. Tom York ficer Lou Ryan. climbers? defunct San Diego The name is meant to suggest a com“This company has completely reinNews Network — he was heading off to vented itself in the last couple years and pany operating on the edge of technology, Boost in Customers, Employees retirement in the Wine Country to write Now with more than 8,000 customers, we thought that it was appropriate to give with solutions that help customers catch a about his favorite wines and really good EdgeWave page 30 it a new name,” says Chief Executive Of- wave propelling them forward, he said. food. Well, he’s decided to stay a little closer to home. He launched his newest brainchild, Wine & Dine San Diego Magazine, on Jan. 24, and has assembled a first-class team of food writers to turn out reviews and profiles. The site will also provide one-stop browsing for deals and ‘Our therapeutic is addressing incisional pain discounts at area restaurants. Former L.A. Times restaurant reviewer David following surgery. When combined Nelson serves as associate publisher ... with a stronger drug, it allows for After a year and a half of utter silence, the dynamic radio duo of Jeff and Jer ®Ê#Z45&7&4*/07*$ much better pain relief.’ (Jeff Detrow and Jerry Cesak) returned Befitting the company’s name, San — Ted Schroeder to the airwaves Jan. 24 during the mornCadence Pharmaceuticals founder, president and CEO ing drive time on local station KyXy/96.5. Diego-based Cadence Pharmaceuticals Inc.’s sales staffers are marching to apThanks to Insider correspondent and pointments to get a share of the pain-relief publicist Jan Rieger for the reminder After an expensive seven-year process to for patients who are unable to swallow about their return ... Former East County business at the nation’s hospitals. The company’s distribution centers are bring the drug to market, the company’s pain pills. Chamber of Commerce CEO Mike top executive said Cadence is looking to Helping fund the company’s various fully stocked and accepting orders for Cully’s attorney was threatening to file a meet a huge unmet need at the nation’s efforts was a November 2010 financing breach of contract lawsuit against Cully’s Ofirmev, the injectable therapeutic now hospitals with its intravenous pain reliever Cadence page 30 being marketed by Cadence. former employer the week of Jan. 24. He is seeking $12,000 he says he’s owed for his sudden termination Sept. 23. Cully, currently an M.B.A. student, is a former television journalist who successfully served as the head of the Visalia Chamber of Commerce. No comments from East County chamber executives about the dispute ... The Thomas Jefferson School of Law, which recently started classes in its eight-story urban campus in East Village, said it has assumed the master lease of Entrada, a 172-unit Qualcomm Inc. beat Wall Street anaresidential complex located at Island and lysts’ expectations both in revenue and 11th avenues a block away. The lease will profit growth for its fiscal 2011 first quarter enable the law school to recruit nationally results released Jan. 26. and provide housing, and then move up For its first quarter ended Dec. 26, the the food chain of high-profile law schools San Diego-based designer and maker of ... Happy birthdays! San Diego-based chips used in wireless devices and base stafinancial services firm Rosner Brown tions reported $3.35 billion in revenue, up Touchstone & Keller celebrates its 30th 25 percent over the like quarter of the 2010 year anniversary in January. Krispin fiscal year. The number was above the $3.2 Rosner started the firm three decades billion average forecast by stock analysts. ago, and now includes Kevin Brown, Net income for the first quarter was $1.17 e faced our own challenging situations in commercial real estate and development business Dan Touchstone, Lorrie Keller and Scott billion, up 39 percent from the prior fiscal during these past several years. Fortunately, due to decades of experience, we knew how Trendel as partners ... United Way is year’s first quarter. On a diluted share basis, to work with various banks and to restructure and settle all our debts successfully! Since then, honoring its 90th birthday this year with the profit was 71 cents, compared with 50 we have helped many banks and clients successfully reach suitable restructuring plans! an unusual photo exhibit in the lobby of cents per share in the 2010 first quarter. NBC Plaza on Broadway in downtown “It was just an all-around great quarter,” At NO COST TO YOU, we will analyze your situation and determine if we can be of substantial San Diego. The exhibit, “Home Again,” said Bill Kreher, an analyst with Edward benefit to you! If so, on a contingency basis, this is what we will do for you: focuses on the stories of formerly homeJones, quoted in an Associated Press report. less who have found new homes and new “They are really in the sweet spot in the shift • Analyze and update your financial statement and balance sheet lives, thanks in large part to the efforts of toward smart phones and tablets.” • Take over all your negotiations with the bank subject to your ultimate agreement United Way. For details, browse on over Shares of Qualcomm, traded on Nas• Use our proven expertise to achieve an acceptable solution for you and your lender to uwsd.org ... Finally. What’s new on daq under QCOM, soared by about $3 in the horizon? Balboa Park’s Museum of after-hours trading to just below $55 Jan. • Avoid foreclosure/bankruptcy Man opens its latest exhibit, “Race: Are 26, above the company’s previous 52-week • Avoid further damage to your personal and We So Different?,” on Feb. 12. The show high of $53.10. financial life explores the everyday experience of living Qualcomm also revised upward its Ben Badiee with race — the conceptions and miscon- guidance for the second quarter and the Badiee Development Inc. With a proven track record of restructuring ceptions about race in society — and the rest of the fiscal year, with revenue next 4747 Viewridge Ave., Suite 108 more than $100 million of debt, we would like findings of contemporary science. Details quarter expected to be $3.45 billion to San Diego, CA 92123 to help our fellow citizens in need of guidance at museumofman.org. Till next week! $3.75 billion. 858-337-7323 and assistance during these difficult times, Tom York pens the SDBJ Insider, and is For the full year, the company forecasts with debts of $5 million or more. always on the lookout for interesting bits revenue of $13.6 billion to $14.2 billion. .JLF"MMFO and tidbits. Reach him at [email protected]. Of Media Maven Revenue: NJMMJPOGPSàSTUOJOF NPOUITNJMMJPOGPSUIFMJLFQFSJPEPG Digital edition users guide | Advertising links San Diego Business Journal digital edition provides links to navigate through pages and articles easily whether you are on your mobile device such as iPad and computer. With a the touch of your fingertips on the headlines, the digital edition will directly link you to the website where the article is placed and can be forwarded through email or copied and pasted on documents of choice. Cadence Makes Big Addition to Pain-Relief Arsenal HEALTH CARE:Firm’s Injectable Acetaminophen Aids Postoperative Patients Qualcomm’s First Quarter Tops Forecasts ARE YOU IN JEOPARDY OF LOSING YOUR PROPERTY TO THE BANK? W 3 advertising links: Touch hyperlinks leads you directly to the website Previous Page 2-Page Spread 1-Page View Thumbnails SDBJ User Guide Front Page Table of Content Zoom In Zoom Out Next Page Digital edition users guide | Table of Content Page San Diego Business Journal digital edition provides links to navigate through pages and articles easily whether you are on your mobile device such as iPad and computer. With a the touch of your fingertips on the headlines, the digital edition will directly link you to the website where the article is placed and can be forwarded through email or copied and pasted on documents of choice. 1BHF 4"/%*&(0#64*/&44+063/"- www.sdbj.com +BOVBSZ JANUARY 31-FEBRUARY 6, 2011 VOLUME 32, NUMBER 5 Business is Green! EXPO 1IPUPDPVSUFTZPG1SVEFOUJBM$BMJGPSOJB3FBMUZ Wednesday, March 16, 2011 2 - 6 p.m. Windmill Banquet and Catering 1BHF .PUIFSEBVHIUFS TBMFT UFBN .BYJOF (FMMFOT MFGU BOE .BSUJ (FMMFOT PG 1SVEFOUJBM $BMJGPSOJB3FBMUZBSFCFJOHSFDPHOJ[FEGPSUIFJSPVUTUBOEJOHQFSGPSNBODF ON THE COVER DEFENSE — Pentagon cutting exquisite programs. STAFFING — Health care reform likely to create growth opportunities for firms. HOSPITALITY — Hoteliers exuberant about lodging prospects at investment summit. WORK FORCE — Campaign to promote region as a tech center. 890 Palomar Airport Road Calrsbad, CA 92008 BIOTECHNOLOGY For more information on how to become a vendor call: 760.931.8400 or visit www.carlsbad.org COLUMN — Regional life sciences group thinks globally, as reported in the Biotech column... 11 COMMENTARY DEVELOPMENT — Before cutting redevelopment, look at the property tax laws .............. 39 ENERGY A Global Tradition Making History in La Jolla were hours at Harry’s when it filled with the people that you knew...” 4 Across the River and Into the Trees Table of content: Hours Mon-Fri: 11am-10pm Sat: 5pm-10pm ‘Virtually all the companies I’m running into have job openings on the technical side. This region needs a highly skilled work force, and right now we’re not producing enough of them.’ — Kevin Carroll of TechAmerica, a high-tech industry trade group. To read the story, please turn to Page 1. SPECIAL REPORT — Executive Profile: Jonathan Y. Freeman of Cassidy Turley ...... 18 Q&A — IT Executive Profile Debra Jensen of Charlotte Russe ............................................ 33 ENVIRONMENT — Port program promotes green practices on waterfront ......................... 8 REAL ESTATE FEATURES SPECIAL REPORT — Brokers share best strategies for locating suitable space; class A office deals are plentiful .................Starts on page 13 COLUMN — FBI getting new campus, as reported in the Commercial Real Estate column ............15 TRANSACTIONS — Top Multifamily Sales .... 28 ROUNDUP — Projects, developments and other activities around San Diego County, as reported in the Real Estate Roundup ........... 29 COLUMN — SDBJ Insider ............................... 3 REPORTING — News in Brief ........................ 12 ROUNDUP — Regional Report ...................... 12 COLUMN — Cities protect resources, as reported in the Business in the North County column ...29 COLUMN — Gift helps foster kids, as reported in the Kudos/Giving column...............................38 HEALTH CARE — Ernest Hemingway, QUOTE OF THE WEEK PHARMACEUTICALS — Cadence makes big addition to pain-relief arsenal ............................ 3 WIRELESS — Connect forum tackles issues of advancing wireless health care ........................ 6 PHARMACEUTICALS — Amylin plans for future as it rebounds from recent FDA setback ........ 7 SUPPLEMENT OFFICE EQUIPMENT — Office furniture and office machines ..........................................A-21 Touch table of content teaser will jump directly to the page TECHNOLOGY of the story. Happy Hour Mon-Fri: 3pm-7pm Tapas Mon-Fri: 4pm-CLOSE 4370 La Jolla Village Dr. Suite 150 | 858.373.1252 | www.harrysbarandamericangrill.com Every Saturday night enjoy food and wine specials Ernest Hemingway loved Harry’s and so will you! Catering & Private Rooms Available INNOVATION TECHNOLOGY — Company creates an ‘all-terrain vehicle’ of communication ...................... 4 INVESTMENTS & FINANCE COLUMN — Credit union finds strength in numbers, as reported in the Finance column 11 TRADING — San Diego Stock Chart ............. 31 MARKETING — Firm asserts edgy image ........ 3 EARNINGS — Qualcomm’s revenue rises......... 3 WIRELESS — Verve Wireless names CEO .... 10 THE LISTS REAL ESTATE — Commercial Real Estate Brokerages .........................................................16 TRANSPORTATION TECHNOLOGY — Cubic collects $220M deal ... 8 PEOPLE WORK FORCE ECONOMY — SDG&E chief executive appointed co-chair of leadership council ......... 10 RECOGNITION — Treating employees well helps contractors make a fortune ............................ 5 The entire contents of this newspaper are copyrighted by San Diego Business Journal with all rights reserved. Reproduction or use, without permission, of editorial or graphic content in any manner is prohibited. San Diego Business Journal (ISSN 8750-6890) is published weekly by San Diego Business Journal, 4909 Murphy Canyon Road, Suite 200, San Diego, CA 92123-5381. Periodical postage paid at San Diego, California. For additional information, call (858) 277-6359. Advertising fax: (858) 277-2149. Circulation fax: (858) 277-6398. Cost is $99. Previous Page 2-Page Spread 1-Page View Thumbnails SDBJ User Guide Front Page Table of Content Zoom In Zoom Out Next Page Digital edition users guide | thumbnails San Diego Business Journal digital edition provides links to navigate through pages and articles easily whether you are on your mobile device such as iPad and computer. With a the touch of your fingertips on the headlines, the digital edition will directly link you to the website where the article is placed and can be forwarded through email or copied and pasted on documents of choice. 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 35 36 37 38 39 40