Daily Business Report — Dec. 14, 2011
METRO Movers to Watch
SD Metro is soliciting nominations for our annual Metro Movers to Watch awards, which will be published in January. Send your nominations to Rebeca Page at rebecapage@sandiegometro.com. Nominate a man or woman you believe will make outstanding contributions in San Diego County during the new year. Nominations will close on Dec. 22.
Embarcadero Plan Update
The Joint Powers Authority for the North Embarcadero Visionary Plan will meet at 9:30 a.m. on Thursday to hear an update on preparations for the first phase of the North Embarcadero Visionary Plan. The meeting will be in the board room of the Port of San Diego Administration Building, 3165 Pacific Highway. The first phase of the plan extends from the Navy Pier to the B Street Pier and is to include a 105-foot-wide esplanade with formal gardens, plazas, shade pavilions and a waterfront promenade. Street improvements will be made to North Harbor Drive and West Broadway. The project is a collaboration between the Port of San Diego, Centre City Development Corp. and the city of San Diego. An update on the Navy Broadway Complex project also will be heard at the meeting.
RADCO Completes Sell-Out of The Mark
With the recent sale of The Top of the Mark Penthouse, The RADCO Companies has officially completed the sell-out of The Mark, a 244-unit condominium high-rise in Downtown’s East Village. RADCO took over as acting developer for The Mark in 2009, when none of the units had been sold for the previous two years. RADCO sold 79 units in less than one year, and paid off the remaining $35 million construction loan in the second quarter of 2010.
The Top of the Mark Penthouse features a two-level layout on the 32nd floor of the building, including 3,700 square feet of interior room and over 1,700 square feet of private terrace and balcony space that offers panoramic views of Coronado Island and Mission Bay. The penthouse also has privately controlled access and includes four garage parking spaces and private storage.
Craft Brewing Companies Complete Expansion Projects
Smith Consulting and Serbia Consulting Group have assited two craft brewing companies with their facility expansion projects — White Labs and Ballast Point. Ballast Point, a San Diego homegrown brewing company, required increased capacity to meet growing demand for its beer.
The facility was doubled to 23,600 square feet by expanding into the second half of its existing building in Scripps Ranch. The expansion project included the addition of a 3,500-square-foot cold storage room, additional fermenting tanks, a new production line, as well as general upgrades to the building and site. Smith Consulting Architects worked with Russ Gibbon at the city of San Diego Development Services Department and Planning Division. The expansion was completed in October.
White Labs usedSmith Consulting Architects and Serbia Consulting Group for its newly purchased 14,400-square-foot building within the Mark II Business Park at 9495 Candida St. in Mira Mesa, where it wanted to consolidate its facilities and expand production. The remodeling project involved design and build-out of clean room production facilities with steam, CIP, and compressed air; lab spaces; distribution areas; offices; and a classroom for educating about the craft beer industry. The remodel project was completed in July. The company moved to its larger facility from a former location in the Miramar area. White Labs President Chris White and company Vice President Lisa White provided project oversight.
Commercial Real Estate Group Elects New Officers
The San Diego Chapter of CCIM, a commercial real estate association, has announced its newly elected 2012 board members. including 2012 president, Karen MacLeod, principal real estate manager for Sharp HealthCare, is the president. Other elected officers are Lauri Hines of Sperry Van Ness Promus Commercial, vice president; Joanne Yaghdjian of Rancho Bernardo Courtyard, secretary; and Peter Carr of Torrey Pines Bank, treasurer. Directors at large are Dennis Alviso with Chicago Title; Kathy Biewenga with Asset Preservation; Fred Caminite, immediate past president, with Kelly Capital; Jim Casale of Lee & Associates; Doug Ceresia of NAI San Diego; Charlie Copelan of Sperry Van Ness Promus Commercial; Gary Cornelssen of Marcor Development; Mike Habib of Coldwell Banker Commercial; Robert Harp of Global Hotel Network; Judy Preston of Ascent Real Estate Inc.; and David Sandoval of the city of San Diego.
District Elections Approved for Community College District
The Grossmont-Cuyamaca Community College District board has approved a new elections process beginning in 2012 in which the five trustees will be selected by voters in their area instead of being elected districtwide. The district’s governing board approved the district elections and the boundary maps for the districts at their Dec. 13 board meeting following two public hearings. No one spoke at either hearing. Trustees have been elected at-large by voters in the more than 1,100-square-mile East County district that stretches from the East County cities of El Cajon, La Mesa, Lemon Grove and Santee to the Imperial County line. District elections will begin with the June 2012 primary. If no candidate receives a majority of the votes cast, the top two vote-getters in the primary will face each other in the November 2012 general election.
The five trustee areas are:
• District 1: Santee, Winter Gardens and Lakeside (incumbent Edwin Hiel).
• District 2: La Mesa, Mt. Helix, Casa de Oro and Rancho San Diego (incumbent Debbie Justeson).
• District 3: El Cajon (incumbent Bill Garrett).
•District 4: rural East County, including Alpine and most of Jamul, all the way to the Imperial County line (incumbent Mary Kay Rosinski).
• District 5: Lemon Grove, La Presa, Rancho San Diego, Spring Valley and a small portion of Jamul (incumbent Greg Barr).
Garrett and Rosinski will be up for election in 2012. The other three seats will be up for election in 2014.
The Daily Business Report is produced by REP Publishing Inc., publisher of SD METRO, the North Park News and the West Coast Craftsman. Contact: Manny Cruz (619) 287-1865.
