Daily Business Report-Sept. 9, 2016
The Broken Yolk Café will join fellow tenants Eureka! and Trader Joe’s in South Campus Plaza.
Broken Yolk Café Bringing
Huevos to San Diego State
SDSU NewsCenter
In its first campus location, Broken Yolk Café is set to offer San Diego State University students a different experience.
Known for large, shareable portions of scratch cooking, the hometown breakfast and lunch favorite will offer students both traditional and grab-and-go style food in a modified fast casual format when it opens in the new South Campus Plaza development at the corner of College Avenue and Montezuma Road near SDSU in January 2017.
“Campus and campus-adjacent locations call for a few tweaks,” said Broken Yolk Café’s Vice President of Franchise Development Valerie McCartney. “Guests will recognize many of the popular entrees they know and love from our other restaurants, but we’re adding a stable of hand-held, easy-to-eat-while-running-to-class items. Fast casual is a popular format with students and non-students alike. Characterized by counter ordering in lieu of wait staff, guests are served quickly, allowing them to enjoy a high quality meal and get back to class or work.”
Also an interesting variation from Broken Yolk’s existing restaurants, the SDSU location will stay open later.
“We already know that there are plenty of people who love to eat breakfast for dinner,” said McCartney. “We’ll be serving some additional dinner snacks and entrees not found at other Broken Yolk restaurants, so it’ll make the SDSU location something special.”
South Campus Plaza is a mixed use development that will include housing for more than 600 students, along with retail uses designed to serve both the campus and its surrounding neighborhoods, creating a pedestrian friendly destination for shopping, dining and living. Students will move in to their new South Campus Plaza residence halls beginning in the spring 2017 semester.
Tenants joining Broken Yolk Café in South Campus Plaza include Eureka! and Trader Joe’s. Negotiations with other future tenants are ongoing. Founded in 1979 in Pacific Beach, Broken Yolk Café serves breakfast and lunch from its 19 locations located throughout California, Arizona, Illinois and Florida.
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Rancho Bernardo Office
Building Sells for $4.2 Million
A 19,200-square-foot, two-story multi-tenant office building located on 1.32-acres at 17065 Camino San Bernardo in Rancho Bernardo has sold for $4.2 million. The buyer is SD BLDG LLC. Seller: MIS Limited LLC.
At the time of sale, the building was occupied by two tenants: ProEst, a construction estimating software company; and the Technology Services Industry Association, a technology-industry organization dedicated to advancing the business of technology and services.
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Researchers Develop Vaccination
Strategy to Prevent HIV Infection
A series of new studies led by scientists at The Scripps Research Institute (TSRI) and the International AIDS Vaccine Initiative (IAVI) describe a potential vaccination strategy to jump-start the selection and evolution of broadly effective antibodies to prevent HIV infection. The researchers plan to test this strategy in an upcoming human clinical trial.
The new studies, published September 8, 2016, in the journals Cell and Science, showed the immune system can be prompted to mimic and accelerate a rare natural process during which antibodies slowly evolve to become better and better at targeting the constantly mutating HIV virus.
“Although we still have a long way to go, we’re making really good progress toward a human vaccine,” said William Schief, professor at TSRI and director of vaccine design for IAVI’s Neutralizing Antibody Center (NAC) at TSRI, whose lab developed many of the vaccine proteins tested in these studies.
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S.D. Community College District
Adopts $791 Million Budget
More workforce preparation programs, more online courses, and more programs promoting student success are among the highlights of a balanced, 2016-17 budget of $791 million adopted by the San Diego Community College District’s governing board at its Thursday meeting.
While overall spending will drop as construction projects wind down under Propositions S and N, General Fund expenditures will rise more than 9 percent from $408 million to just under $447 million. Some $73.5 million will consist of federal and state financial aid, including more than $60 million in Pell Grants.
The district is the region’s largest single provider of workforce training, and the new budget allows the district to add up to 2,000 students at City, Mesa, and Miramar colleges, and Continuing Education this year. This represents a 2.5 percent increase for the distric, which is already California’s second-largest community college district.
The budget includes more than $177 million in spending under voter-approved Propositions S and N, the $1.555 billion construction bond program providing new, state-of-the art teaching and learning facilities, major renovations, and campuswide infrastructure projects at City, Mesa, and Miramar colleges, and six Continuing Education campuses throughout San Diego. That’s down from nearly $242 million last year, a decrease of nearly 37 percent.
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Cubic Executive Named a Mass Transit
Magazine Top 40 Under 40 Honoree
Matt Cole, president of Cubic Transportation Systems, was recognized by Mass Transit magazine as one of its Top 40 Under 40 honorees. The eighth annual Mass Transit Top 40 Under 40 list honors those professionals under the age of 40 who have made significant contributions to the public transit industry.
“Millions of people utilize public transportation every year, relying on it to transport them to work, school, social and sporting activities,” said Emily Guill, publisher of Mass Transit. “The individuals chosen for this year’s list have been standouts in their respective areas and show a strong passion and commitment that exemplifies the best of the best.”
Cole has been instrumental in growing the CTS business across three continents and entering adjacent transportation markets to build on the company’s core business of fare collection for public transit. Cubic also provides payment and information solutions for tolling, real-time passenger information, traffic management, safety enforcement and specialization in big data and predictive analytics.
Cole joined Cubic in 2003.
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Judge Says San Diego High School
Ballot Measure OK for Election
By City News Service
A charter amendment on the November ballot that would allow San Diego High School to remain in Balboa Park was properly handled by the city attorney’s office and should be allowed to go before voters, a Superior Court judge ruled Thursday.
Judge Frederic Link ruled that Measure I was properly placed on the ballot with a fair and impartial analysis.
“Unfortunately, the plaintiff won a lot of attention in the media by making claims that were ridiculous on their face and were quickly dispatched by the court,” City Attorney Jan Goldsmith said. “Our election lawyers are among the best in the state and their work on all of the ballot measures was conducted with the highest degree of impartiality and professionalism.
The measure was opposed by David E. Lundin because he said the city council violated state law by placing the charter amendment on the ballot without the required public hearings, the city attorney’s impartial analysis and the independent budget analyst’s fiscal analysis excluded details and speculation that would have been helpful to the opposition, and that the measure’s title (“Charter Amendment Involving Balboa Park and San Diego High School”) failed to characterize the measure with such non-prejudicial terms as “emasculate,” “illegal” and “unlawful.”
Judge Link found none of these arguments persuasive and denied the plaintiff”s petition for a writ of mandate.
“I find the city has not violated the law in bringing this matter before the voters,” Link said. “This is a fair analysis of what it is.”
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Sempra Energy CEO Debra Reed Makes
Fortune Magazine’s ‘Most Powerful’ List
For the sixth consecutive year, Fortune magazine has named Debra L. Reed, chairman and CEO of Sempra Energy, to the magazine’s “Most Powerful Women in Business” list. Reed is ranked No. 22 in 2016, up from No. 23 last year.
Fortune said this about the company: “Last year wasn’t great for Sempra Energy. In January, California declared a state of emergency as a gas leak at a Sempra-owned storage facility caused 8,000 families to temporarily relocate. The disaster has already cost the company more than $700 million (partially covered by insurance), and the state-ordered cleanup operation wound down only this past summer. Not even that has derailed Sempra’s stock price, up more than 100 percent since Reed took the top job in 2011, driven by the company’s natural-gas infrastructure businesses and utilities.”
Reed, 60, has spent her entire 38-year career with the Sempra Energy companies. From 2006 to 2010, she served as president and CEO of San Diego Gas & Electric (SDG&E) and Southern California Gas Co., Sempra Energy’s two California utilities.
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Personnel Announcements
Hang Alexandra Do Joins Seltzer Caplan
Hang Alexandra Do has joined the San Diego-based law firm of Seltzer Caplan McMajon Vitek as associate. She joins the litigation department
where her practice will center on insurance law, intellectual property, real property disputes and professional liability disputes.
Prior to joining the Seltzer Caplan, Do was a litigation associate at the intellectual property firm Lewis Kohn & Walker. She also served as research assistant to Professor Robert Bohrer at California Western School of Law.
Do received her J.D. from the California Western School of Law in 2015, completed all required coursework for a M.S. in Organic Chemistry from California State University, Fullerton and her B.S. in biology from the University of California, Riverside.
She is fluent in French and holds dual citizenship with the United States and France.
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Jacqueline Jackson Reappointed
To Rehabilitation Council
Jacqueline Jackson, 60, of San Diego, has been reappointed to the California State Rehabilitation Council by Gov. Jerry Brown. She has served on the council since 2014.
Jackson was development director and a consultant at the San Diego Center for the Blind from 2002 to 2004 and director for charter school development at Norman and Norman Inc. from 1996 to 2005. She was an education consultant at the School Futures Research Foundation from 1994 to 1996 and director of education, health and family support services at the Urban League San Diego from 1988 to 1994. She is a member of the San Diego County Committee for Persons with Disabilities, San Diego County Disability Issues Committee, American Council of the Blind, San Diego County Voter Accessibility Committee, and the California Council of the Blind.
The position does not require Senate confirmation and there is no compensation. Jackson is a Democrat.
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David Casey Inducted into
Trial Lawyer Hall of Fame
David Casey Jr. , managing partner of CaseyGerry, has been inducted into the Consumer Attorneys of San Diego’s Past Presidents’ Trial Lawyer Hall of Fame. The award will be presented at a special reception held by the organization at 6 p.m. Wednesday, Sept. 21, at the La Valencia Hotel in La Jolla.
The Trial Lawyer Hall of Fame commemorates the career contributions of outstanding CASD members based on their accomplishments as trial lawyers and their service to the public, as well as their leadership.
Casey Jr., a La Jolla resident, has helped clients in a complex range of cases relating to aviation, maritime, premises liability, faulty equipment, government tort claims, complex motorcycle accidents, product liability, trucking and automobile crashes.
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John Hoffman Joins Kidder Mathews
John Hoffmann has joined the San Diego office of Kidder Mathews as a senior vice president, where he will specialize in office, medical, and R&D sales and leasing.
Hoffmann is a veteran broker with over 25 years experience in the San Diego commercial real estate industry. During his career, he has successfully negotiated over 1,500 leases and sold over 30 properties totaling over 1.4 million square feet. Prior to joining Kidder Mathews, Hoffmann was with Colliers International.
