Daily Business Report-Aug. 15, 2016
A rendering of the planned Stone Brewing hotel. (Credit: Stone Brewing)
Stone Brewing and Partner to Build
Brewery-Themed Hotel in Escondido
By City News Service
Stone Brewing announced a partnership with Untitled Hospitality to build and operate a brewery-themed hotel next to the Stone Brewing World Bistro & Gardens in Escondido.
San Diego-based Untitled Hospitality will build, own and manage the hotel on a 13-acre property under a licensing agreement with the country’s 10th largest craft brewer.
“After originally envisioning a hotel on the property more than six years ago, we had put the project on permanent hold due to our need to focus on our core obsession of brewing,” said Greg Koch, Stone Brewing’s CEO and co-founder.
“When Robert (Cartwright) and Untitled Hospitality approached us with the idea of them taking the ball and running with it, we found a partner who was fully engaged in the idea of executing on the Stone ideals, ethos and creativity,” Koch said.
“Years of thought have gone into the development of Stone Hotel and it will be reflected throughout every corner of the place,” he said. “I can’t wait to give our fans this amazing extension of the Stone experience.”
The beer-centric facility — which is slated to open in early 2018 — will offer displays of beer flowing from a tap, Stone memorabilia and three bars.
Stone said guests will receive a complimentary Stone beer immediately upon check-in, and in-room growler delivery service will be available.
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ViaSat’s Encryptors Gain
Certification From NSA
ExecutiveBiz
ViaSat has received National Security Agency certification for two encryption platforms the company designed to secure communications networks.
The broadband services and technology provider said its NSA-certified KG-250XS and IPS-250X encryptors are now available for purchase by government agencies.
Jerry Goodwin, chief operating officer of the government systems division at ViaSat, said the certification supports the company’s efforts to grow its cyber defense portfolio for military customers.
The KG-250XS encryptor is designed to operate at a speed of 20 megabits per second and manage Top Secret or Sensitive Compartmented Information from applications such as telecommuting, flyaway kits, executive communications and unmanned aerial vehicles.
ViaSat developed the IPS-250X encryptor to protect transmission of classified information up to the Secret level as well as protect Internet protocol connections between warfighters, coalition partners and government agencies.
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NTC to Transform Old Barracks
Into 90-Room Hotel at Liberty Station
By City News Service
Historic barracks at Liberty Station in Point Loma will be transformed into a 90-room boutique hotel, the NTC Foundation announced Saturday.
The Barracks Hotel will involve restoring eight of the 10 remaining buildings, which are nearly 100 years old and slated for historic preservation within the Liberty Station neighborhood, according to NTC officials.
Construction on four barracks buildings — three officer’s quarters and a former steam pump house — will begin in mid-2017, with a projected completion date in late 2018, NTC officials said. The specialty hotel will be co-owned and operated by Untitled Hospitality. Corky McMillin Companies is the developer, while Chris Bittner of OBR Architecture will spearhead the property’s design and construction, NTC officials said.
The hotel project will cost over $20 million and was proposed by Scott McMillin and son Andy of the Corky McMillin Companies, which originally developed the 360-acre Liberty Station, the San Diego Union-Tribune reported. The Barracks Hotel will be San Diego’s newest gathering place for locals and travelers, and will increase the overall value of the station’s burgeoning arts district, said Lisa Johnson, NTC Foundation president and CEO.
With The Barracks Hotel, “we’re taking an unconventional approach in reviving Liberty Station’s deep-rooted history,” said Robert Cartwright, CEO of Untitled Hospitality. “Through the concept’s artistic design and modern amenities we aim to create a truly authentic sense of place.”
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Many Renters in San Diego
Actually Earn Enough to Buy
Times of San Diego
Homes in San Diego are among the most expensive in the country, but almost a quarter of renters here have sufficient income and credit worthiness to buy.
A new study by the online real estate firm Zillow firm found that San Diego, San Jose and San Francisco have the largest percentage of renters able to afford a media-priced home.
In San Diego, 23.6 percent of renters can afford a home at the countywide median price. That’s a smaller percentage than San Francisco’s 26.8 percent and San Jose’s whopping 35.6 percent, but well above Houston’s 6.8 percent.
The reason they aren’t buying, according to Zilliow, is that young adults are delaying many of the hallmarks of adulthood that typically lead to home ownership, such as finishing their education and starting families.
“When faced with hurdles of high prices and low inventory, first-time homebuyers are renting longer than ever before even if they are qualified to buy,” said Zillow Chief Economist Svenja Gudell. “San Jose, San Diego and Seattle are among the most competitive places for buyers, and the going isn’t any easier for renters.”
“This is a conundrum for many young people who move to those cities because of their strong job markets, only to find tight inventory and steep competition standing between them and their dream home,” she added.
Zillow said America’s booming tech markets tend to have exceptionally high proportions of qualified renters.
At the other extreme, Zillow found, are markets that tend to have higher home ownership rates, such as Houston, and metros that were particularly hard hit during the housing bust and foreclosure crisis.
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Luau and Legends of Surfing
Invitational Set for Aug. 21
By Kristin Luciani | UCSD
Surfers, scientists and survivors will come together to support the fight against cancer at the annual Luau and Legends of Surfing Invitational, set for Sunday, Aug. 21 at the beach near Scripps Pier in La Jolla.
The University of California San Diego fundraiser features a friendly competition, which draws surf legends from around the world, followed by a festive luau. All proceeds benefit research and patient care at Moores Cancer Center at UC San Diego Health.
“As a two-time cancer survivor, this event is very near and dear to my heart,” said Tyler Callaway, director of business development for Surf Hardware International and co-chair of the 2016 Luau. Callaway, a four-time national surfing champion, has been involved with the Luau since its inception. After being treated for melanoma in 1983, while in his 20s, he helped design and run the surf contest for the inaugural fundraiser. Then in 2012, he was diagnosed with thyroid cancer.
“Again I was under the knife with doctors trying to save my life,” he said. “I know that feeling of loneliness and uncertainty, that faraway look in other patients. That’s why we’re here: to raise money to support the research that saves lives.”
Callaway was successfully treated at Moores Cancer Center. Recognized for achievements in science, clinical care, education and community contributions, Moores Cancer Center is one of just 45 National Cancer Institute-designated Comprehensive Cancer Centers in the nation, and the only one in the San Diego region.
“With clinical trials in immunotherapy to treat patients with all stages of disease, including melanoma and head and neck cancers, our team is creating, testing and administering cutting-edge therapies for cancer,” said Scott M. Lippman, MD, director of Moores Cancer Center at UC San Diego Health. “With support from the Moores Cancer Center Luau, we can continue to move therapies from the bench to the bedside to provide our patients with the latest treatments and excellence in patient care.”
In addition to raising funds, the Luau celebrates the advances made in cancer research and patient care, and recognizes individuals who have contributed to the progress—such as businessman and philanthropist T. Denny Sanford. A supporter of regenerative medicine, Sanford has committed $100 million to the creation of the Sanford Stem Cell Clinical Center at UC San Diego where, in partnership with Moores Cancer Center, researchers are investigating stem-cell derived treatments for certain types of cancer.
Sanford will be presented with the Rell Sun Award during the Luau, an award given annually in memory of Hawaiian surfer and longtime Luau supporter Rell Kapolioka’ehukai Sunn, who lost her battle with breast cancer.
Co-chairing the event with Callaway is La Jolla native Jon Roseman, who operates the legendary Tavarua Island Resort in Fiji. Bob Hurley, founder and chairman of the clothing brand Hurley, is the honorary chair. This year, Celgene is supporting the event as the title sponsor.
“Celgene has been a part of the San Diego community for more than 16 years and we are honored to be a long-time participant in the Luau and Legends of Surfing event as well,” said Ho Cho, vice president of biotherapeutics at Celgene. “The critical research that this event supports mirrors our own commitment to patients living with cancer.”
The Luau and Legends of Surfing Invitational kicks off at 7 a.m., at the beach near Scripps Pier in La Jolla, where teams of four will be paired with a surf legend for a friendly competition. The luau follows at noon with musical entertainment, a tropical buffet, and live and silent auctions featuring surf-inspired artwork, unique surfboards and vacation packages.
The surfing competition is free for spectators; tickets to the luau fundraiser are $200 per person. For more information about sponsorship opportunities, team entries, tickets and event activities, call (858) 5822-5630 or visit the event website at luauandlegendsofsurfing.org. More information on Moores Cancer Center can be found at cancer.ucsd.edu.
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Bound for San Diego
R/V Sally Ride’s Captain Charts a Course
Up before the dawn and working under a red lamp, Captain Tom Desjardins plots the day’s cruise for Research Vessel Sally Ride.
Ride left the Dakota Creek Industries shipyard in Anacortes, Wash. last week where it was built for a series of short cruises that will bring the vessel to its new home in San Diego on Aug. 26. It will dock at the Exploratorium in San Francisco for public tours and viewing on Saturday, Aug. 20.
Owned by the U.S. Navy, Sally Ride is operated by Scripps Institution of Oceanography under a charter from the Office of Naval Research. The Ocean Class general purpose research vessel will support U.S. earth, ocean, and atmosphere research around the world.
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Tri-City Medical Center Offers
New Treatment for Breast Cancer
Times of San Diego
Tri-City Medical Center presents a new intraoperative radiation treatment for early-stage breast cancer patients, that can be carried out in one day with a single dose of radiation.
Patients who meet a specific selection criteria under strict protocol may now reduce the number of radiation doses necessary to treat early stage breast cancer, according to officials from Tri-City Medical Center. The program is being launched this August at the Tri-City Medical Center in Oceanside. Officials say it’s one of the only hospitals in North County that offers IORT and among the first in San Diego County.
Radiation oncologists and breast cancer surgeons work together to perform the procedure, that involves a full, concentrated dose of radiation at the time of the patient’s lumpectomy, officials said. This treatment intensely targets cancer cells while sparing healthy tissue.
Previous treatments for traditional breast cancer have generally required radiation sessions five days per week for a period of three to six weeks using external beam radation therapy (EBRT), according to Tri-City Medical Center. The revolutionary new treatment requires only one day to take effect. The radiation is also delivered differently, using an internal balloon catheter called the Xoft system rather than an external beam.
Studies show that IORT is equally effective with fewer painful side effects than traditional radiation, officials said. This treatment option was made available as a result of Tri City’s collaboration with UC San Diego Health.
