Daily Business Report-June 14, 2018
K1 is located at 330 13th St. in East Village. (Photo courtesy Level 10 Construction)
Level 10 Construction tops out K1
mixed-use high rise Downtown
Level 10 Construction and The Richman Group of California Development Company announced the topping out of K1, a mixed-use apartment complex across the street from the San Diego Central Library Downtown. The project at 330 13th St. has a 23-story residential tower and more than 7,000 square feet of commercial space, as well as an adjoining low-rise building called “The Sliver,” which will include two penthouses, a restaurant with outdoor seating and a park-like open space corridor.
Building highlights include a two-story “Sky Lounge” on the 21st floor with built-in bar and outdoor seating, a hotel-style pool area with spa and fire pits on the fourth-floor podium level and adjoining two-level recreation center with lounge, demonstration kitchen and gym. The tower is designed to include 220 units, and seven levels of parking (three subterranean and four above ground) with a total of 317 automobile spaces, 12 motorcycle spaces, 19 EV Stalls and 46 bicycle spaces.
K1 occupies most of the block bounded by Park, 13th, J and K streets in East Village. Completion is scheduled for June 2019.
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San Diego International Airport ranked
among top 5 in U.S. for business travelers
San Diego International Airport was listed as one of the country’s top airports for business travelers, according to the Inaugural TravelBank Rank study released by travel startup TravelBank.
The TravelBank Rank analysis takes into consideration five factors: on-time arrival performance, airport transit, airport parking prices, quality and service, and average hotel price.
“San Diego’s sunny, warm weather and vibrant culture is home to more than some of the biggest convention and tourist facilities,” the report said. “Its airport came in as the second best airport for transit in TravelBank’s previous transit ranking. San Diego also holds a high J.D. Power rating of 757.”
Las Vegas McCarran International was ranked No. 1, followed by Charlotte Douglas International, Phoenix Sky Harbor International, Salt Lake City International and San Diego.
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Scripps Research ranked top nonprofit
scientific institute in United States
Scripps Research is the top stand-alone scientific institute in the United States for producing high-quality research, according to a recently released Nature Index ranking based on discoveries published in leading scientific journals.
In addition to receiving the top overall US ranking, Scripps Research was ranked first in its class in the United States in both life sciences and chemistry research. Globally, Scripps Research ranked third in life sciences research and fourth in chemistry.
The new ranking, published June 7, follows a separate Nature Index ranking of Scripps Research last August as the most influential research institution overall in the world for its influence on innovation.
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Salk Institute ranks in top 5 in world
for high-quality scientific research
The Salk Institute was ranked one of the top five nonprofit institutions in the world focused on the life sciences and one of the top 10 nonprofits generally, according to a report known as the Nature Index and released by Springer Nature on June 7. The rankings are based on Nature Index data from Jan. 1 2017 to Dec.31, 2017.
Nature Index ranked Salk second in the world for high-quality, high-impact scientific collaborations in the life sciences in a supplemental report called Nature Index 2016 Collaborations that published in November 2016.
The Nature Index tracks by country and institution the research published in 82 high-quality science journals each year, counting both the total number of papers and the share of authorship of each paper.
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UC San Diego launches new center for
anti-parasitic drug discovery, development
Neglected tropical diseases are a group of chronic and disabling parasitic infections that primarily affect poor and underserved communities. These diseases affect more than 1 billion people globally, yet are rarely the target of new drug discovery efforts. According to the World Health Organization (WHO), global climate change will most likely alter the communities at greatest risk for these diseases, as changes in temperature and rainfall influence the distribution and life cycles of the insects that transmit these parasites.
Leveraging its strengths in molecular biology, clinical research and pharmaceutical sciences, the University of California San Diego has now launched a new Center for Anti-Parasitic Drug Discovery and Development to address this unmet need in global health.
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Airport Authority CEO to address
Embry-Riddle spring graduates
Kimberly J. Becker, president and CEO of San Diego County Regional Airport Authority, will serve as commencement speaker for Embry-Riddle Worldwide San Diego Campus’ spring graduation ceremony Friday, June 22 at the USS Midway Museum in Downtown San Diego. Becker has more than 30 years’ experience as a leader in the aviation industry.
The ceremony, including more than 160 undergraduate and graduate degree candidates, will be held at 7 p.m.
Representing more than 18 states and international students from Korea, the graduating class consists of 40 active/reserve service members and 77 veterans of the United States armed forces.
Other events scheduled for the weekend include the Embry-Riddle Worldwide San Diego Alumni/Career Expo from 10 a.m. to 3 p.m. on Wednesday, June 20 at the San Diego Marriott Mission Valley, 8757 Rio San Diego Drive, San Diego.
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Casa Familiar receives $492,000 grant
to improve air quality in San Ysidro
Casa Familiar has been awarded a $492,000 grant by the California Air Resources Board (CARB) to improve air quality in the community of San Ysidro. The grant is one of $10 million in CARB statewide Community Air Grants funded by California cap-and-trade revenues. Established by Assembly Bill 617 (Eduardo Garcia), which was signed into law by Gov. Jerry Brown last July, the program is a new community-focused approach to measuring & improving air quality and reducing exposure to toxic air pollutants at the neighborhood level.
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County budget proposal tops $6 billion
The region’s critical needs are at the center of a new increased budget that was formally presented to the county Board of Supervisors at a public hearing Wednesday.
The recommended budget for the upcoming year shows an increase of $469.5 million, or 8.1 percent, over the current year for a total of $6.26 billion.
The balanced budget plan focuses on helping the homeless and those with substance abuse and mental health issues. The new budget also emphasizes breaking barriers for people leaving the criminal justice system, addresses the affordable housing crisis, the quality of life in neighborhoods and protects natural resources. The budget retains or improves current levels of service to the county’s residents.
County Chief Administrative Officer Helen Robbins-Meyer told the Board the county has an opportunity to change lives with this financial plan, and decisions made on this budget will have ripple effects across the region.
“I truly believe that this is an exciting budget as the additional expenditures are directed at meeting many of the needs of vulnerable or underserved residents, while also maintaining appropriate fiscal discipline,” said Helen Robbins-Meyer. “I think we have found a great balance this year.”
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Personnel Announcements
Robert Foster joins San Diego Grantmakers
San Diego Grantmakers has named Robert Foster its new director of impact investments. In addition to offering proven investment expertise, he brings C-level experience leading social mission companies and a deep connection with San Diego Grantmakers’ values.
Foster’s past experience includes serving as the executive director of Accelerating Market-driven Partnerships, an international impact investing initiative launched by then Secretary of State Hillary Clinton and executed in collaboration with the U.S. State Department, the Rockefeller Foundation, the Aspen Institute, and Fortune 100 companies. Most recently Robert served as the COO of ZipCap, a San Diego-based impact fintech company.
Foster is a former Women Effects Investments Fellow at the Criterion Institute, an adjunct faculty member of the University of San Diego School of Business, and has served as a board chair of the Social Venture Network. He also holds an MSC from Oxford University.
