Daily Business Report-March 1, 2019

A rendering of a SDSU multi-use stadium in Mission Valley that was created by  Carrier Johnson + Culture architects. The firm was selected through a competitive process to serve as the site architect and master planning services for SDSU Mission Valley.

Clark Construction Group selected

as design-build contractor for new

SDSU Mission Valley stadium

San Diego State University has selected Clark Construction Group to design and build the university’s new multi-use stadium in Mission Valley. The final selection was announced to bidders earlier this week following SDSU’s standard procurement process that first began in November 2018 when the Request for Qualifications was released.

The firm will design and build the expandable 35,000-seat-capacity stadium to support collegiate football, professional and collegiate soccer, NCAA championship games, concerts and other events. In keeping with the current timeline, construction is slate to begin in early 2020 with a completion date in time for the start of the 2022 NCAA football season. The value of the contract is approximately $250 million, which includes the direct cost of construction.

Clark Construction and SDSU will go through a joint selection process for the stadium architect. The project will be required to pay prevailing wage.

“Clark Construction has significant expertise building large, multi-use stadiums and is a great fit to build San Diego State University’s new multi-use stadium and the future home of Aztec Football,” said JD Wicker, SDSU Director of Athletics. “I am confident in their ability to deliver a stadium that meet the needs of the university and the San Diego region.”

Clark will proceed with the design and planning for the new stadium, concurrent with the university’s negotiations with the city of San Diego to purchase the land, and the development of the Draft Environmental Impact Report (EIR) for the complete SDSU Mission Valley development.

In addition to the new stadium, SDSU Mission Valley will be the location of a campus expansion, which will include a world-class university research and innovation district, a community river park and housing. More information is available at sdsu.edu/missionvalley.

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Five-story Mesa View Plaza office building

in Kearny Mesa sells for $39.1 million

Mesa View Plaza, a 111,268-square-foot Class A mid-rise office building in Kearny Mesa, has sold for $39.1 million. A joint venture between San Diego-based Coast Income Properties and Washington Capital Management Inc. acquired the five-story, multi-tenant building from Stockbridge.
Mesa View Plaza was 100 percent leased at the time of sale to a mix of professional services and tech companies, but with the anticipation of being 91 percent leased within a short time following the sale.
Located at 9350 Waxie Way, Mesa View Plaza is situated on 9.87 acres and features a lobby, tenant balconies, and subterranean parking with direct building access. It was designed by architect Brian Paul & Associates and completed in 2003.

Cushman & Wakefield’s Capital Markets group in San Diego represented the seller.

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Rosemary Watson Presentation:

Busting out of your comfort zone

When Rosemary Watson came to a block in her career, she did what anyone would do. She got up in the middle of the night and penned a letter to her idol, comedy legend Carol Burnett. It was a nutty idea but, as the saying goes. . .when life hands you nuts. No wait, that’s lemons! 

The point is, Carol ended up calling Rosemary and she’ll tell you all about it in this hilarious talk on busting out of your comfort zone, owning your power, letting go of your fear and just going for it! 

Right now, could you ask for advice from someone you idolize? Could you approach a master in your field? If you wouldn’t go to the top, why? What stops you from reaching out to the experts? Rosemary’s message cuts to the heart, soul and funny bone. 

Watson will speak at the Leadership Conference April 5 as part of San Diego Women’s Week sponsored by North San Diego Business Chamber. Women’s Week runs April 1-5. Click here for the schedule.

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Navy’s Gold Coast Small Business

Procurement event set for July 24-26

The San Diego chapter of the National Defense Industrial Association (NDIA) will present the NDIA 31st annual Department of the Navy Gold Coast Small Business Procurement Event July 24-26 at the San Diego Convention Center.

The event is a premier forum to educate, guide, and assist small to large businesses in support of the warfighter throughout the Department of Defense. Last year, over 1,800 local, national and international participants attended and over 60 organizations signed up as sponsors. This year’s theme: Engaging with Small Business to Fortify National Defense.

Leaders from both government and industry will discuss critical policy, programs and maritime service issues in panels, workshops and networking events. On the exhibit floor, attendees have an opportunity to connect with over 200 government agencies and industry organizations, including acquisition professionals from the 10 Navy Systems Commands. 

Click here for registration and more information.

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City Attorney Mara Elliott sues opioid manufacturers

San Diego City Attorney Mara W. Elliott announced a lawsuit against Purdue Pharma L.P., members of the Sackler family, and other manufacturers and distributors of prescription opioids who created and are profiting from the opioid health crisis in San Diego and the rest of the nation.

The federal lawsuit seeks to compel the companies to fund drug treatment and education programs in San Diego, return unlawful profits, and recover the costs associated with the city’s response to the opioid crisis, including the costs of paramedic services, police calls, and homelessness. It is expected to become part of a multi-district litigation involving hundreds of other cities, counties, and states.

As part of what is a two-pronged attack, the City Attorney’s Office will prosecute the defendants civilly for creating a public nuisance and violating the state Unfair Competition Law through deceptive trade practices. This civil prosecution was filed by the City Attorney’s Affirmative Civil Enforcement Unit on behalf of the People of the State of California. Simultaneously, the office claims that the defendants created a public nuisance and violated the federal Racketeer Influenced and Corrupt Organizations Act, or the RICO Act, through acts performed as part of an ongoing conspiracy.

Defendants includes not only Purdue Pharma L.P. but also individuals in the Sackler family who have pulled billions of dollars out of Purdue Pharm over the past decades, benefitting from the ongoing fraud and deception, according to the lawsuit.