Daily Business Report — Aug. 20, 2014
The Rady School of Management at UC San Diego was launched in 2004.
Rady School of Management
Celebrates 10-Year Anniversary
UC San Diego’s graduate business school, the Rady School of Management, is celebrating 10 years with 70 startups launched since its establishment.
In the past year, Rady alumni have been involved in business deals with a combined value of nearly $2 billion.
Some of the most successful deals include Irish drug company Shire’s $260 million acquisition of Lumena Pharmaceuticals and Outerwall’s $350 million purchase of EcoATM.
The Rady School was a dream of the late William Otterson, who led Connect when the program was still tied to UC San Diego. After losing a battle to cancer in 1999, San Diego business leaders pursued Otterson’s vision and lobbied for a business management school.
In 2003, UC San Diego recruited founding Dean Robert Sullivan to establish a school of management. Ernest Rady’s donation to the school in 2004 helped get the new school off the ground and that fall the first class of graduate students began their two-year program.
Sanford-Burnham Picks New CEO from Pharma
Following a six-month international search, the Sanford-Burnham Medical Research Institute on Tuesday named a renowned cancer researcher turned pharmaceutical executive as it’s new CEO.
The appointment of Dr. Perry Nisen, a senior vice president for science and innovation at GlaxoSmithKline, was announced a press conference at Stanford-Burnham’s laboratories in La Jolla.
“I believe there’s a tremendous and unique opportunity at Sanford-Burnham and I feel privileged that I’ve been chosen as its next CEO,” Nisen said.
He said he wants to make the institute a “magnet to attract and recruit the best” scientists who can “shepherd scientific discovery through the clinic to patients.”
The theme of quickly turning cutting-edge basic research into new drugs and treatments was echoed by other Sanford-Burnham officials during the press conference.
“Dr. Nisen is an experienced biomedical researcher and proven leader in therapeutics development in the pharma industry, making him a great fit to lead the institute at this pivotal time,” said Gregory Lucier, chairman of the institute’s board of trustees. “Under Dr. Nisen’s leadership, Sanford-Burnham will expand its efforts to cross the traditional boundary between academic research and commercialization.”
Prior to joining GlaxoSmithKline, Nisen was a professor of neuro-oncology at the University of Texas Southwestern Medical Center.
The 38-year-old institute has laboratories in La Jolla and outside Orlando and employs more than 1,000 scientists. In January, the institute received a $275 million anonymous donation to support its new strategic vision of rapidly turning basic research into new medicine.
— Times of San Diego
Solana Beach Company Buys Up
14-Building Portfolio for $35.15 Million
A Solana Beach company has purchased a block of 14 single and multi-tenant buildings in the Miramar area of San Diego for $35.15 million. SR Commercial, a privately held commercial real estate and investment management company, acquired the buildings from seller TA Associates Realty.
The property totals 14 single and multi-tenant buildings spread across 17 parcels on Candida Street, Kearny Villa Road, Miramar Road and Tierra Grande. They are at 9450, 9484, 9530, 9537, 9557, 9705, 9707, 9779 Candida St.; 9474, 9524 and 9545 Kearny Villa Road; 9550 Miramar Road; and 9606, 9636, and 9663 Tierra Grande St. All were built between 1982 and 1999 and occupy a combined site area of 14.9 acres.
The buildings are 94 percent leased to a diversified range of tenants, with 65 percent of leasable area becoming available over the next three years, according to Cassidy Turley, the broker.
24 Hour Fitness is the largest tenant, occupying the full 31,000-square-foot building at 9550 Miramar Road. Other tenants include White Labs, S&R Sports Inc., Secure Transportation, John Deere Landscapes, and a number of smaller users.
California Western School of Law
Building Gets Façade Renovation
A California Western School of Law building located at the intersection of Downtown, Cortez Hill and Bankers Hill, has undergone a complete façade renovation by San Diego-based general contractor Pacific Building Group.
“The goal of the project was to refresh and restore the façade of the building at 225 Cedar St. consistent with California Western’s capital plan, and to tie the school’s three buildings together in a cohesive color scheme,” said Jolie Cartier, executive director of facilities management for California Western.
The project utilized both Pacific Building Group’s Facilities Division and Structural Group to accomplish various requirements. Team members included Monda, Dooney, Project Manager Brandon Stevens, Project Superintendent Dan Williams and Project Engineer Carol Litwin
Center for Children Names New CEO
The San Diego Center for Children has named Moisés Barón as its new chief executive officer. Barón, a psychologist, brings more than 26 years of clinical and administrative experience to the center.
Barón comes to the center from the University of San Diego, where he served the past 11 years as assistant vice president for student affairs for student wellness. He conceptualized and implemented a plan to restructure, expand and integrate health and wellness services, remodel facilities, and established integrated clinical, preventive and educational programs for undergraduate and graduate students.
Barón previously was director of the Counseling Center at USD from 1997 to 2006 where he managed all of the center’s operations and budget. He has been Adjunct Faculty at the School of Leadership and Education Sciences for over 20 years, and is the Founder of the COMPASS Academic Center at USD.
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Asian Heritage Awards Announces
Asian and Pacific Islander Honorees
in Science, Arts and Business
The researcher who linked the HIV virus to AIDS, the scientist who discovered global warming 40 years ago, a child prodigy at 3 whose virtuosity on the cello has thrilled thousands all over the world, and a recipient of the French Legion of Honor.
These are among this year’s Asian Heritage Awards honorees.
The four, respectively, are Dr. Flossie Wong-Staal, for public health; Dr. Veerabhadran Ramanathan, for
science and technology; Tina Guo, for innovation, and Dr. Palmer Taylor, for medicine. They will be honored at a special ceremony Saturday, Nov. 22, at the California Center for the Arts, 340 N. Escondido Blvd., Escondido.
Other honorees include Dr. Anand Srivastava and Deven Petel, business enterprise; Dr. Alexander Chuang, global outreach; Dr. Charles Nguyen, opportunity in education, and Dr. Marissa Pei, entrepreneurship.
In addition, California Assembly Speaker Toni Atkins will be honored as this year’s Diversity Pioneer. San Diego County Supervisor Dave Roberts is serving as gala chairman.
For more information, go to www.asianheritageawards.com.