Daily Business Report-Oct. 5, 2017
More than 50 firms in the San Diego area will participate.
Illumina, White Labs and Other
Local Firms Open Doors on National
Manufacturing Day on Friday
In celebration of National Manufacturing Day on Friday, more than 50 regional manufacturers — representing a wide array of sectors — will participate in San Diego MFG Day through a variety of events.
With more than 4,000 companies providing 107,000 jobs across the region, manufacturing permeates through nearly all facets of San Diego’s innovation economy.
On-site tours with the following local manufacturers:
- Illumina: This local genomics giant is a leading developer, manufacturer and marketer of life sciences tools and integrated systems for large-scale analysis of genetic variation and function. 10 a.m. to 11 a.m. at 5200 Illumina Way, San Diego 92122’
- White Labs: White Labs stands at the intersection of science, education and craft. From the industry’s first pitchable liquid yeast, to a complete revolution in the way it’s propagated and packaged, the yeast manufacturer is crucial to the creation of craft beer. 11 a.m to noon, 9495 Candida St., San Diego 92126.
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Prince Albert II of Monaco to Join
100th Birthday Celebration for
Renowned Scripps Oceanographer
Walter Munk joined Scripps Institution of Oceanography as a young doctoral student in 1939 in what would start a nearly eight-decade-long career of scientific discovery, daring science and transforming how the world understands the ocean. Scripps Oceanography became part of the University of California San Diego in 1960, making Munk — who turns 100 this year — the oldest living UC San Diego alumnus. The ocean science pioneer is being honored by the university at multiple events throughout 2017.
On Oct. 26 at 11:30 a.m., UC San Diego will welcome Prince Albert II of Monaco to campus for a Centennial Conversation with Walter Munk at the Robert Paine Scripps Forum for Science, Society and the Environment at Scripps Oceanography. The invitation-only event with H.S.H. Prince Albert II and Munk will be a dialogue on exploring the seas and the importance of oceanographic research.
Often called the world’s greatest living oceanographer, Munk is known for inventing the science of wave forecasting with former Scripps director Harald Sverdrup, which helped Allied troops plan amphibious invasions. In 1943, Munk created the first wave prediction course and trained American military meteorologists at Scripps Oceanography, including those who would later predict conditions for World War II D-Day landings in Normandy.
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Interstate Equities Corporation Acquires
La Mesa Apartments for $33.95 Million
Institutional fund manager Interstate Equities Corporation has moved into the San Diego area market with the $33.95 million acquisition of a 133-unit multifamily development at 7400 Parkway Drive in La Mesa. The acquisition was on behalf of the firm’s IEC Institutional Fund III, L.P.
Built in 1976, Verse La Mesa, which IEC will rebrand as “The Cove,” will undergo interior renovations to include the installation of washers/dryers and dishwashers, new paint, laminate wood floors, and upgraded fixtures throughout the units. The property consists of 84 one-bedroom units, 44 two-bedroom units, and five three-bedrooms units.
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SDSU Helps Develop USA Trade Guide
For American companies looking to take their business to the next level, San Diego State University’s Center for International Business Education and Research (CIBER) in the Fowler College of Business Administration has helped develop a USA Trade Guide.
SDSU CIBER partnered with the State International Development Organizations, ThinkGlobal Inc. and more than a dozen CIBER programs across the nation to create the new USA Trade Guide. The colorful, magazine-style guide is a resource for U.S. exporters, offering the business tools they need to succeed in global markets. The free guide is available in print and online.
The purpose of the guide is to provide U.S. companies and foreign investors with expert advice and answers to frequently asked questions about exporting, foreign direct investment and global business. It includes key contacts, websites and other important resources for exporters and investors to connect with service providers nationwide. Print copies of the guide are being distributed nationwide by state and local economic development agencies, chambers of commerce, world trade centers, ports, and private sector service providers.
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Accion Awarded $916,905
for Startup Loan Capital
Accion, a San Diego nonprofit microlender offering business loans, was awarded a $916,905 grant from the U.S. Department of the Treasury’s Community Development Financial Institutions Fund.
“These funds will be instrumental in supporting local communities by creating opportunity for entrepreneurs to start and grow businesses,” said Accion CEO Elizabeth Schott. “We are thrilled that the U.S. Department of the Treasury sees the value in investing in our region to create jobs and increase incomes for those who need it the most.”
The fund will be used for loan capital, which will be deployed in the counties that Accion serves: Imperial, Riverside, San Bernardino, and San Diego. Accion was the only microlender in these counties to win the federal funding.
This year’s CDFI Fund awards provided over $171 million to 265 organizations serving low-to-moderate income communities throughout the United States.
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Kona Kai Resort & Spa
Announces New Luxury Suites
Kona Kai Resort & Spa announced the unveiling of its latest luxury suites, Outdoor Terrace event space, and a revitalized pool area featuring a pool bar inspired by “Coastal Revival” and “Endless Summer” themes. The eight Coastal Revival Suites will be available for booking in November 2017 and the 33 The Endless Summer Suites will be available in January 2018.
Conceptualized by renowned interior design firm Degen & Degen, the new “Coastal Revival” suites will highlight the resort’s natural, oceanic surroundings. The “Endless Summer” suites will evoke a sense of warm summer days showcasing bright teal hues matching the surrounding Kona Kai Marina.
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Port of San Diego to Welcome
83 Cruise Calls During 2017-2018
The Port of San Diego is preparing to welcome 83 cruise calls during the 2017-2018 cruise season. About 242,000 passengers are expected this year, up from last year’s 224,000. The number of cruise calls remains about the same.
Holland America Line and Celebrity Cruises offer several voyages departing from San Diego to diverse destinations. Cruises from Holland America Line include a choice between a 15, 53 or 80-day Asia and Pacific grand voyage aboard the Amsterdam departing October 2017, and a 28-day Hawaii, Tahiti and Marquesas cruise aboard the Maasdam departing March 2018. Cruises from Celebrity Cruises include a 15-night eastbound Panama Canal Cruise, aboard the Infinity departing November 2017 as well as April 2018. In addition there are also three grand voyages around the world offered by Costa Cruises, Phoenix Reisen and Oceania.
Disney Cruise Line offers 3, 4, 5 and 7-night trips to Baja and the Mexican Riviera. On Oct. 27, there will be a 14-night Halloween on the High Seas Panama Canal Cruise.
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Nicole Lewis Elected to
College Area Business District
Nicole Lewis, head librarian and instructor at Platt College San Diego School of Digital Media Design, has been elected to the College Area Business District, a nonprofit advocacy organization representing more than 700 commercial property owners in the area.
“Platt College has been an active part of the community for more than 30 years and has seen great changes in the neighborhood,” says Lewis. “We have been at this location since our inception and take great pride in our community engagement, such as our lead sponsorship in this year’s Boo Parade.”
Lewis says she looks forward to introducing innovative solutions to community challenges and supporting the board’s excellent work in advancing business and residential life in the area.
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5th Annual San Diego Modern
Home Tour Returns on Oct. 14
The Modern Architecture + Design Society will host the fifth annual San Diego Modern Home Tour on Saturday, Oct. 14. During the self-guided event, tour-goers will get the inside scoop from homeowners on what it’s like to live in a cutting-edge modern home, and learn directly from the on-site architects, builders and designers how they found inspiration for these residences.
“The true architecture fanatics and mid-century lovers are in for a real treat this year,” said Ken Shallcross, vice president of the Modern Architecture + Design Society. “We just added a classic Southern California beach home, designed by Sim Bruce Richards. The Del Mar home was designed and built around 1980 and is one of the last ones Richards completed before passing in 1983. It is a true masterpiece by an iconic American architect. It’s also currently for sale.”
The San Diego Architectural Foundation has been named the tour’s local nonprofit beneficiary for the fourth year in a row.
Six homes have been confirmed for the 2017 San Diego Modern Home Tour. Participating architects and designers, and featured neighborhoods include:
- A penthouse unit in the downtown Mitra Lofts, designed and built by Nakhshab Development and Design.
- A Del Mar modern beach house designed by Laurie C Fisher, architect.
- A 1940s Mission Hills home, recently renovated into a SoCal modern oasis.
- A second Nakhshab Development and Design unit, this one a penthouse in the Hangar 5 building on Bankers Hill.
- A 1909 Normal Heights home, recently transformed into a fully-customized modern home by the Balboa Design Group and Duende Design + Construction.
- A classic mid-century beach home designed by renowned architect Sim Bruce Richards, currently on the market for $20 million.
Participating homes in the Modern Home Tour will open their doors for viewing from 11 a.m. to 5 p.m. on Oct. 14. Tickets for the tour are $40. For more details, visit http://bit.ly/2017sdmod.
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Historic Santa Fe Depot Reportedly
Sold to Private Investor
Times of San Diego
The 102-year-old Santa Fe Depot in Downtown San Diego is about to change hands, according to media reports. The nationally registered historic site at Broadway and Kettner Boulevard is being sold to a local private investor with escrow scheduled to close in early November, according to the San Diego Union-Tribune.
Voit Real Estate Services, which is representing the buyer and seller, told the U-T it was not at liberty to disclose information about the investor nor terms of the deal. The current owner is San Francisco-based ProLogis, a logistics real estate company, according to the U-T, and under terms of the sale the historic structure with its signature twin tile domes will remain.
The sale does not include the former baggage building where the Museum of Contemporary Art San Diego is located, the U-T report said.
The Santa Fe Depot officially opened on March 8, 1915 as a train station built by the Atchison, Topeka and Santa Fe Railway. The site still serves as an active transportation center, providing services to Amtrak, the San Diego Coaster, the San Diego Trolley, and the San Diego Metropolitan Transit System bus system.
The Depot’s use as an Amtrak station will continue under the current lease that runs through 2021, but under the new ownership “restaurant, retail and boutique hotel uses could figure into the building’s future,” the U-T reported.
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Art Show Celebrates Hispanic Heritage
Platt College San Diego School of Digital Media Design is presenting “Hispanos Diseño y Arte,” a vibrant art show that explores the rich history, diversity, and spirit of Latino culture.
Comprised of 20 fine art and graphic design pieces created by Platt College students and alumni, the show will run through Nov. 1 at the Vista Public Library, at 700 Eucalyptus Ave. The show is free to the public and can be viewed during regular library hours.
“Celebrating the diversity and cultural richness of both our region and student body is a core value at Platt College and we are delighted with the quality of work students have created,” says Meg Leiker, president of the college, which has been in San Diego for more than 30 years. “The process of developing artwork for this show has been revelatory for students not only as they hone their technical skills, but also as they examine issues of Latino heritage, culture, and social justice.”
“We created an artistic landscape of work from students from varying backgrounds and asked them to express their understanding and appreciation of Latino heritage,” says curator Bianca Reyes. “If art is thoughtful and well developed, people learn about each other in a very personal way.”
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Personnel Announcements
Tracy Ream to Retire as CEO of Neighborhood Healthcare
After 31 years of serving as CEO of Neighborhood Healthcare (formerly called Escondido Community Clinic), Tracy Ream announced that she will retire on Oct. 31. The board of directors selected Rakesh Patel, M.D. as the new CEO.
During her tenure, Ream has led the nonprofit community health care agency that started from a small office provided by the city of Escondido for a dollar’s rent per year to a two county 12-site health system serving 67,000 low-income and uninsured patients a year. Neighborhood Healthcare’s 12 health centers are located in San Diego and Riverside counties with its 12th center, The Gold Family Health Center, opening in Poway next year.
The agency’s annual budget has grown to $68 million and it employs 650 people. Neighborhood Healthcare has expanded its services to include not only medical care but also dental, behavioral health,care and chiropractic care.
Dr. Patel has worked at Neighborhood Healthcare for 15 years and currently serves on Neighborhood Healthcare’s Executive Team as medical director of operations. He first started working as a family physician for Neighborhood Healthcare in 2002 and later spent much of his time caring for the Middle Eastern refugee population seeking care at Neighborhood Healthcare – El Cajon. Over the years, he has moved into more administrative leadership roles. He is a board-certified family physician who completed his residency at Scripps Family Practice Residency in Chula Vista.
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Cavignac & Associates Hires Matt Evans as Account Executive
Cavignac & Associates has hired Matt Evans as an account executive. He is charged with maintaining existing client relationships, educating them on risk preventative measures and recommending appropriate levels of commercial and liability insurance coverage. He also will be responsible for identifying and contacting new business prospects, determining client ratings and providing them with proposals, documenting all material conversations with insureds and/or carriers regarding exposures and coverages, and proposing new marketing ideas to the firm’s sales and management staff.
Prior to joining Cavignac & Associates, Evans served as the director of service accounts for SMART Safety Group in San Diego, where he was employed for three years. There, he oversaw the service delivery, business development and retention for 75-plus accounts within the construction, manufacturing and distribution industries. His focus was on developing custom safety management programs designed to reduce risk, incidents and experience modification ratings.
Previous work experience includes having served as the business development manager for Volt Workforce Solutions in San Diego. He was admissions representative for Bridgepoint Education, also in San Diego.
