Daily Business Report-Dec. 4, 2018
Jazzercise was founded in 1969 by Judi Sheppard Missett, the CEO. (Photo courtesy of Jazzercise)
Fitness industry leader Jazzercise
celebrates 50th anniversary in 2019
In 2019 Jazzercise Inc., the company that catapulted “aerobic dance” to notoriety in the 1980s, becomes the first ever dance fitness brand to celebrate the 50-year mark. The always-evolving program was created in the Chicagoland area in 1969 by Founder and CEO Judi Sheppard Missett, with a single aerobic dance class based on classical jazz dance. Says Sheppard Missett, “I turned (my students) away from the mirror when I learned that, for them, it wasn’t about learning dance. It was about having a dancer’s body and enjoying the fun of dance.”
Interest in Jazzercise grew rapidly, especially when Sheppard Missett moved the business to fitness mecca Southern California in 1971. The first instructors were trained in the 1970s and the business franchised in 1983. By 1984, Jazzercise was declared the “2nd fastest growing franchise” behind Domino’s Pizza. It’s headquarters are in Carlsbad.
Today, the company boasts 8,300 franchisees in 32 countries and earns roughly $100 million per year. With 200,000 customers dancing and sweating to Jazzercise choreography each year, millions of lives have been touched during the company’s 50-year history.
Jazzercise will celebrate the golden anniversary with a two-day international convention and party June 28-29, 2019 at the San Diego Convention Center. Over 2,000 people will attend the event that will be filled with dance fitness classes, live entertainment, international guest performers, surprise announcements and big reveals about the brand’s future. Kicking off Friday night June 28 with an opening night gala, the weekend will also feature a specialty 50th anniversary merchandise and apparel shop, behind-the-scenes tours of the corporate offices in Carlsbad, and an interactive museum that chronicles the many industry “firsts” Jazzercise has accomplished. “This will be a celebration like we’ve never seen before,” says 36-year teaching veteran and Senior Vice President of Licensing and Events, Kenny Harvey.
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BNBuilders completes major renovation
at Torrey Pines Center South building
BNBuilders has completed a significant renovation of the third floor of UC San Diego’s Torrey Pines Center South building, and was recently awarded an additional tenant improvement on the second floor.
Renovations to the building, located between Torrey Pines Glider Port and Torrey Pines South Golf Course, were designed by The Miller Hull Partnership.
The Torrey Pines Center South third ftloor enint Improvement encompassed a 45,000-square-foot space that now houses the campus’ IT Department. This was the first major renovation to the building since it was constructed in 1986. The third floor’s expansive views of the ocean are now complemented by open office floor plan with exposed ceilings. BNBuilders’ work included new finishes, ADA upgrades, MEP upgrades, restroom upgrades, storage spaces, conference rooms, think rooms, and kitchens.
The recently awarded second floor tenant improvement includes both preconstruction and construction services. Anticipated to commence May 2019, construction will include interior architectural improvements; adapting existing MEP, data, telecom, and AV systems; making code-required upgrades to fire protection, egress, and universal access; and adding a gender-inclusive restroom.
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San Marcos 84-unit apartment
property sells for $23.3 million
CBRE announced the sale an 84-unit apartment property in San Marcos to a Colorado real estate investment company for $23.3 million.
CBRE represented the seller, Lion Real Estate Group, a private investor, in the transaction. The buyer, Woodspear Properties, is an active investor in the North County market and is continuing to expand its presence throughout the highway 78 corridor.
Located at 4506 E. Barham Drive, The Avenue at San Marcos Apartments is a two-story, garden-style complex, totaling 67,280 square feet. The property features a swimming pool and spa, a tennis court, fitness center and gas barbeques. The majority of the units feature two- bedroom, two-bath floorplans.
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Pacific Building Group finishes improvements
at Sharp Chula Vista Medical Center
Pacific Building Group has completed improvements to Sharp Chula Vista Medical Center’s angiography and radiology rooms. The design-build project, located at 751 Medical Center Court in Chula Vista, includes a pair of 500-square-foot rooms critical to the day-to-day operations of the medical facility.
For Sharp, Pacific Building Group carefully coordinated project work inside an operating hospital to minimize interruptions to patients and staff. The work included bringing both spaces up to code and the installation of new equipment, flooring, paint and electrical, as well as completing mechanical modifications. The project cost was $1.5 million.
Architects Mosher Drew, Tanner Engineering, ORIE, Southland Industries, Chula Vista Electric, and Advanced Acoustics worked with Pacific Building Group to complete the project.
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The Yard office building
sells for nearly $25 million
The Yard, a 60,518-square-foot office building in Sorrento Mesa, has been sold for $24.83 million to TH Real Estate, an affiliate of Nuveen and one of the largest real estate investment managers in the world. The seller was a joint venture of Local Advisors and Long Wharf Capital.
Cushman & Wakefield represented the seller.
Located at 5825 Oberlin Drive and situated on four acres, The Yard was originally developed in 1985 and underwent its significant upgrade and reconfiguration in 2017. It was approximately 90 percent leased to a diverse mix of tenants at the time of sale.
The Yard also features EV stations, a tenant electric bicycle program, and is also walkable to amenities and public transportation.
The new program began enrolling its first students this fall.
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Upcoming major events
at the San Diego Convention Center
• 60th ASH Annual Meeting and Exposition, Dec 1-4 (27,000 attendees)
• American Society for Cell Biology (ASCB) Annual Meeting, Dec 8-12 (6,300 attendees)
• Fetch, a dvm360 conference, Dec 13-16 (4,000 attendees)
• Private Corporate & Incentive, Dec 14-15 (1,000 attendees)
• San Diego International Auto Show, Dec 27-30
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MiraCosta College offers new
program in engineering technology
MiraCosta College in Oceanside announced a new degree and certificate program in engineering technology aimed at providing students with the education and training needed to secure well-paying, middle-skilled jobs as engineering technicians in as little as a year.
The goal of the Engineering Technology program at MiraCosta is to prepare a pipeline of graduates for a growing demand of engineering technicians in the region’s advanced manufacturing sector. San Diego County is home to several companies on the cutting edge of developing critical components in the aerospace, maritime, biomedical, beverage, and sports industries. Top employers posting available engineering technician jobs in the region include Epsilon Systems Solutions Inc., General Atomics, Northrup Gumman, the Danaher Corp., and Illumina Inc.
The new program began enrolling its first students this fall. Students can earn a certificate of completion within one year and an associate degree within two.
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Personnel Announcements
Thomas Turner Jr. joins CBRE as a vice president
CBRE announced that real estate law expert Thomas W. Turner Jr. has joined the firm as a vice president and will specialize in the tenant representation of law firms, technology companies and other commercial real estate users throughout Southern California, with a focus on San Diego.
Turner joins CBRE from the law firm of Procopio Cory Hargreaves & Savitch, where he was the managing partner, serving as the firm’s chief executive and chairing the Management Committee for 17 years. Both before and after his tenure as managing partner, Turner was the leader of the firm’s real estate team.
Throughout his 35-year legal career, he maintained his broad-based commercial real estate transactional practice, which included office, industrial, technology, resort, healthcare, residential, retail, and mixed-use projectsTurner focused on commercial leasing from the perspective of both landlords and tenants, including some of the largest transactions in the region.
Turner is currently on the board of directors of the San Diego Regional Chamber of Commerce and serves as board chair of the National Conflict Resolution Center. He sits on the board of governors of the University Club and is a member of the Lawyers Club. He is also on the board of directors, executive committee and is past president of both NAIOP San Diego and the San Diego County Taxpayers Association.
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Brown Law Group names new associate
attorney Armilla T. Staley-Ngomo
Brown Law Group, a business litigation firm that specializes in all aspects of employment law and business litigation, has named Armilla T. Staley-Ngomo as a new associate.
Prior to joining Brown Law Group, Staley-Ngomo was an assistant in the Federal Public Defender in the Office of the Federal Public Defender for the Central District of California and District of Nevada. As a federal public defender, Staley-Ngomo tried two jury trials and one bench trial to verdict, and argued at numerous bail, pre- and post-indictment, motion, evidentiary, sentencing, and post-conviction hearings. For the past two years, Staley-Ngamo was focused on appellate work.
Prior to that, Staley-Ngomo worked as a litigation associate at Caldwell Leslie & Proctor PC, a litigation boutique in Los Angeles (now Boies Schiller Flexner LLP), and Morrison & Foerster LLP, a large law firm in San Francisco, where she represented individual and corporate clients in employment, business, and general litigation matters in state and federal court. Staley-Ngomo also clerked for the Honorable Consuelo B. Marshall, U.S. District Judge for the Central District of California, from 2011-2012.
