Daily Business Report-April 3, 2017
For sale signs in California. (Photo via Wikimedia Commons)
Typical Home in ‘Hot’ San Diego
Market Sells in Just 38 Days
San Diego was the 8th “hottest” real estate market in March, with the typical home taking just 38 days to sell, according to Realtor.com.
The official website of the National Association of Realtors said California led the United States with six of the top 10 real estate markets.
Nationwide a home is typically on the market for 69 days — eight days less than this time last year. It’s much less in California, however, with homes in booming Silicon Valley homes typically selling after just 25 days.
“Calendars might say spring is only a week old, but we’re already in the thick of the most frenzied spring home buying season on record,” said Javier Vivas, manager of economic research at Realtor.com.
“The median days on market for homes on Realtor.com in March saw the biggest drop since the end of the recession,” he added. “Low inventory continues to be a significant problem, but record-high prices are also keeping waves of buyers at bay.”
Prices hit record highs across the country in March, according to Realtor.com, while for-sale inventory remained at a historic low.
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Brookfield Residential’s San Marcos
Housing Development in Framing Stage
Framing efforts are now underway in San Marcos at Rancho Tesoro, Brookfield Residential’s new master planned community spanning more than 250 acres.
With homebuilding partner California West, Brookfield wil debut the community this spring.
“With framing underway, we’re one step closer to opening what we hope will be one of San Diego County’s best places to call home,” says Mercedes Meserve, vice president of marketing for Brookfield Residential Southern California.
The master-planned community will be comprised of four neighborhoods: Terracina, Vientos, Westerly and Candela, three of which will be set behind vehicular gates. The 346 detached homes will range in size from approximately 2,211 to 3,565 square feet and will include private yards, four to five bedrooms, and two- to three-car garages. Pricing is anticipated from the $600,000s to the $900,000s.
Rancho Tesoro will offer three private parks, open space and a trail system with direct access to Discovery Lake. The new community is located near Twin Oaks Valley Road and Village Drive in San Marcos, just south of State Route 78.
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Carnitas’ Snack Shack Joins Other New
Vendors at Petco Park on Opening Day
What a spring lineup. No, not baseball. The new food and beverage options coming to Petco Park beginning Friday, the Padres opening day game.
Carnitas’ Snack Shack, Wonderland Ocean Pub, Resident Brewing Co., Iron Fist Brewing Co., AleSmith Brewing Co. and Cutwater Spirits will all be there.
Carnitas’ Snack Shack is located in the left field seating area at sections 128 and 228, offering a variety of pork-centric menu items Carnitas’ Snack Shack is known for. After opening the doors of their first location in North Park in 2011, co-founders Chef Hanis Cavin and Sara Stroud launched a second Snack Shack on the Embarcadero waterfront in spring 2016, offering a full bar program and panoramic views of the San Diego harbor.
“As a lifelong San Diegan and Padres fan, I am very excited to bring our ‘Pork House’ to Petco Park,” said Carnitas’ Snack Shack co-founder and culinary director Hanis Cavin. “The menu will be a mix of some existing staple items, like the Triple Threat, as well as some new items, like the Smoked Bacon Wrapped Hot Dog, we are creating just for the Petco Park location.”
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Legendary Rapper GZA
to Speak at San Diego State
Wu-Tang Clan rapper GZA has been doing a lot more than performing his music these days. Also known as “The Genius,” GZA has been visiting universities talking about one of his other favorite topics: science. It’s the subject of his newly long awaited “Dark Matter” album.
The hip-hop legend looks to inspire students when he visits San Diego State University on Tuesday, April 11, for the SDSU Department of Classics and Humanities annual lecture series. The lecture is sponsored by the Beautiful Arts Club and the SDSU Department of Classics and Humanities, and begins at noon in Montezuma Hall in the Conrad Prebys Aztec Student Union.
SDSU student Jamey Keeton invited GZA to campus after hearing his online lectures at Harvard University and New York University. “I wanted to hear from a speaker who could marry academia with popular culture, it makes topics more palatable for students,” said Keeton, a huge fan of hip-hop. “If we’re going to compete with other top-ranked universities, we need to bring these types of speakers to campus.”
GZA has appeared with his fellow Wu-Tang Clan members’ solo projects, and since the release of his critically acclaimed album, “Liquid Swords,” in 1995, has maintained a successful solo career. The Wu-Tang Clan is known for its clever wordplay, twisted humor and innovative production techniques.
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General Atomics Awarded $98 Million Contract
General Atomics Aeronautical Systems Inc. in Poway has been awarded a $98 million contract for the MQ-9 technology maturation effort. The effort will provide a broad enterprise of activities associated with development of capabilities for the MQ-9 Reaper unmanned aircraft system (UAS).
The objective is to develop approved capabilities for the MQ-9 UAS to satisfy criteria to be on-ramped onto a contract to integrate the capability into the MQ-9 fleet.
Work will be performed in Poway and orders will be placed by Sept. 20, 2021. This award is the result of a sole-source acquisition. No funds are being obligated at the time of award.
Air Force Life Cycle Management Center, Wright-Patterson Air Force Base, Ohio, is the contracting activity
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Coronado physician Asha Devereaux Named 2017 Outstanding Clinician
Coronado physician Dr. Asha Devereaux, has been named the 2017 Outstanding Clinician by the California Thoracic Society (CTS), the largest chapter of the American Thoracic Society.
Devereaux completed her undergraduate work at UC San Diego, and then received a medical degree from Tulane University School of Medicine and an MPH from Tulane University School of Tropical Medicine. She joined the Navy in 1988 as part of the Health Professionals Scholarship Program.
“I wanted to learn and help as many people as possible. I was proud to serve my country and give back for the opportunities provided to my parents who immigrated here in 1961 from India,” said Devereaux.
She worked in internal medicine at Balboa Naval Hospital from 1991 through 1994, and then served as head of medicine at Beaufort Naval Hospital in South Carolina. She returned to Balboa Hospital’s Pulmonary Division in 1996 for a Pulmonary/Critical Care Fellowship, when she was one of the Navy’s first two woman fellows in the program. She completed her Naval career serving as Chem-Bio ICU director aboard the USNS Mercy.
Upon completion of her Naval career in 2002, Devereaux established her private practice in Coronado, with an office on Tenth Street. Devereaux and her husband, Dr. Chris Devereaux, a gastroenterologist, have lived in Coronado since 1991 and are the parents of two children.
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NASA Aims to Equip Orion Spacecraft
With Laser Communications System
ExecutiveGov
NASA has launched a project to develop a laser communications system for the Orion spacecraft the agency intends to use for its future manned missions to deep space.
The Laser-Enhanced Mission and Navigation Operational Services system is designed to provide connectivity to astronauts in space and allow them to communicate with people on Earth, NASA said.
Goddard Space Flight Center’s exploration and space communications projects division has been selected to build LEMNOS in partnership with the Massachusetts Institute of Technology’s Lincoln Laboratory.
Don Cornwell, director of the advanced communication and navigation division at NASA’s space communications and navigation program office, said he believes laser communications can optimize data return from destinations beyond low-Earth orbit and boost outreach opportunities from outer space.
NASA envisions laser communications technology working to transmit data at a rate of up to a hundred times faster than current systems, NASA noted.
The space agency plans to conduct a one-week test of LEMNOS aboard Orion’s second mission, which could take the spacecraft beyond the moon.
Mark Brumfield, deputy program manager of implementation at Goddard’s ESC division, said NASA aims to deploy more laser communications terminals on future Orion exploration missions after the initial test.
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Experimental Small Molecule Shows
Potential in Preventing Meth Relapse
New research from The Scripps Research Institute (TSRI) suggests that the reason methamphetamine users find it so hard to qui — 88 percent of them relapse, even after rehab — is that meth takes advantage of the brain’s natural learning process. The TSRI study in rodent models shows that ceasing meth use prompts new neurons to form in a brain region tied to learning and memory, suggesting that the brain is strengthening memories tied to drug-seeking behavior.
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Personnel Announcements
St. Paul’s Senior Services Adds Chief Operating Officer and Director of Human Resources
St. Paul’s Senior Services has added two new hires to its executive team, appointing Ellen Schmeding as chief operating officer and Cory Fish as director of human resources.
Schmeding joins St. Paul’s with over 29 years’ experience working for the County of San Diego. Schmeding held several positions for the county, including homeless case manager for the mentally ill, Mental Health Case Management Conservatorship Program manager, and In-Home Supportive Services Contracts and Program Support manager. She also acted as the deputy director and director for Aging & Independence Services, and served as the county’s public administrator, guardian and conservator.
Prior to joining St. Paul’s Senior Services, Fish spent 12 years at The San Diego Union-Tribune where he served as the human resources director. In 2008, Cory was awarded with the company’s Employee of the Year Recognition Award. In his position, he oversaw all aspects of human resources management, including benefits, employee relations, company restructuring, HRIS management, recruitment, and performance management.
