Daily Business Report — Feb. 3, 2012
Cubic Defense Applications Awarded $30 Million Air Force Contract The Air Force has awarded Cubic Defense Applications a contract valued at more than $30 million to improve air combat training at the Joint Pacific Alaska Range Complex. Under the contract, awarded by the Air Force Range Instrumentation System Branch, Cubic and principal subcontractor DRS Training [...]
Daily Business Report — Feb. 2, 2012
ACCION San Diego Records Jump in Loan Activity The nonprofit micro-lender ACCION San Diego reports that loans it disbursed in 2011 increased by 18 percent over the previous year — from $962,408 in 2010 to $1,137,052 last year. Loan issuance was also up 10 percent, lending 99 loans compared to 90 in 2010. Funding increased [...]
Daily Business Report — Feb. 1, 2012
County Economic Gauge Shows Improvement The USD Burnham-Moores Center for Real Estate’s Index of Leading Economic Indicators for San Diego County rose 0.6 percent in December. Although no component was up sharply, the gain was broad-based, with five of the six components — building permits, initial claims for unemployment insurance, consumer confidence, help wanted advertising, [...]
Daily Business Report — Jan. 31, 2012
Hotel Industry Briefing 2012 Will this year be a better and brighter one for the San Diego hotel industry? A group of hotel and real estate experts will discuss the issue at a Feb. 9 conference at the Hilton Garden Inn at 3939 Ocean Bluff Ave. in San Diego. Robert Rauch, president of R.A. Rauch [...]
Daily Business Report — Jan. 30, 2012
Grandpoint Capital Completes Merger With Regents Bank Grandpoint Capital Inc. has completed its merger with La Jolla-based Regents Bank following shareholder and regulatory approvals. Regents Bank is now a wholly-owned subsidiary of Los Angeles-based Grandpoint Capital. Regents Bank will continue to operate under its existing name with its current management team, led by President and [...]
Cover Story-Jan/Feb
The Battle Over Balboa Park Irwin Jacobs and SOHO are leading opposing plans to upgrade the park for its 1915 centennial By Delle Willett Balboa Park’s plazas were originally designed like the grand plazas of Europe, accommodating pedestrians, automobiles and pigeons. Over the years, however, the park has literally been taken over by cars with [...]
Cover Story
Reinventing Lindbergh Field Airport Authority puts a new spin on Lindbergh’s decades-old problems By Manny Cruz Five years have elapsed since county voters rejected an advisory ballot measure for the relocation of Lindbergh Field, a long-festering issue that has been fiercely debated for the past four decades. A year after that vote, Alan Bersin, then [...]
Daily Business Report — Jan. 27, 2012
Torrey Pines Bank Reports Increased Revenues, Operating Income Torrey Pines Bank, an affiliate of Western Alliance Bancorporation, announced an increase in revenues, net operating income, loans and deposits in fourth quarter 2011. The bank reports that net operating income reached $5.9 million in fourth quarter 2011, up $550,000 or 10.2 percent from third quarter 2011, and [...]
Daily Business Report — Jan. 26, 2011
County Foreclosure Numbers Decline The number of San Diego County homes going into foreclosure during the fourth quarter of 2011 dropped by 2.1 percent from the same period of 2010— from 4,917 to 4,813 Notices of Default (NODs), San Diego-based DataQuick reported. That also was a reduction from the 5,048 NODs recorded in the third [...]
Daily Business Report — Jan. 25, 2012
Hoteliers Hold Key to Convention Center Expansion City News Service The City Council created a special district to finance the proposed $520 million expansion of the San Diego Convention Center but labor leaders promised to fight the project. The council’s 6-2 vote clears the way for owners of hotel properties to vote on whether to [...]
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