Daily Business Report — Jan. 10, 2011

State of the Inner City Address Precedes Mayor’s Speech

Before Mayor Jerry Sanders delivers his final “State of the City” address Wednesday night, two candidates vying to replace him will give a “State of the Inner City” address at 3 p.m. at the headquarters of Reality Changers, 3910 University Ave. Assemblyman Nathan Fletcher and Councilman Carl DeMaio will talk about solutions to current issues facing inner city residents.

Christopher Yanov, founder and president of Reality Changers, said the event also will include an announcement that it will be offering its services to 10 schools in the coming months and doubling the number of students served by the program before the end of the year — from 250 to 500. Yanov said San Diego Unified School District Superintendent Bill Kowba and Board President Richard Barrera will be present and will address the positive impact that Reality Changers’ announcement will have on the inner-city youth at local high schools.

Reality Changers began in 2001 with a $300 budget and the desire to build first-generation college students. Today, members of Reality Changers have earned over $13 million  in scholarships, according to Yanov.

Sanders, who will be termed out after 2012, will give his State of the City address at 6 p.m. at the Balboa Theatre Downtown. Among the topics he is expected to discuss is his plan to give 401(k) retirement plans, instead of putting them in the debt-ridden city pension system.

The speech could also reveal plans to deal with a projected $73 million shortfall for the 2011-12 budget. The State of the City address will air on City TV at 8 p.m.

Qualcomm Partners with Microsoft Corp. on Windows 8

Qualcomm announced today in Las Vegas that it is collaborating with Microsoft Corp. to demonstrate pre-release Windows 8 on Snapdragon S4 processors with LTE connectivity support. The collaboration will give Windows 8-based PCs — including tablets, convertibles and notebooks —  with wireless broadband speeds and advanced connectivity. “Qualcomm is excited to be working with Microsoft to showcase the world’s first demonstration of Windows 8 powered by our Snapdragon platform with LTE connectivity on the AT&T 4G LTE network,” said Luis Pineda, senior vice president of computing and consumer products at Qualcomm. “Our Snapdragon S4 processors’ LTE network support and comprehensive software and hardware integration help deliver greater flexibility and connectivity options to Microsoft and device manufacturers.”

Sabre Springs Business Park Sold for $11.9 Million

The Sabre Springs Business Park, an 83,755-square-foot industrial and office park in San Diego, has been sold for $11.9 million to H.G. Fenton Co. The business park, located at 13220-13240 Evening Creek Drive, consists of three freestanding multi-tenant light industrial/office buildings totaling approximately 83,755 square feet and situated on a 6.09-acre lot. Sam Hanna of Marcus & Millichap Real Estate Investment Services represented the seller, GML Sabre Springs in the transaction.

Groundbreaking Wednesday for Grossmont High Humanities Building

Grossmont High School and Grossmont Union High School District will break ground at the construction site of the new humanities building at Grossmont High School on Wednesday  at 3 p.m. The two-story, 35,000-square-foot building is the largest classroom project in the Proposition U construction program and will add 31 classrooms, replacing eight1920s-era condemned classrooms and outdated re-locatable classrooms. The humanities building will provide additional learning space for English, social science, math and special education classes. Additional work includes construction of an auto shop, tennis courts and related site improvements. The project team includes program manager Gafcon Inc., architect LPA Inc. and sitework contractor Riha Construction.