Daily Business Report-June 12, 2019
The office complex was transformed into a center for special needs and autistic children.
Dempsey Construction converts office complex
into educational facility for autistic children
Dempsey Construction has completed the conversion of a former two-story office complex into The Children’s Workshop, an educational center for special needs and autistic children.
The new Children’s Workshop facility is located at 9524 Kearny Villa Road in San Diego.
According to Dempsey Construction Project Manager Wes McNary, the scope of work consisted of the demolition of all existing interior improvements within the multi-story office building, followed by the construction of new improvements that included building system upgrades (MPE), classroom facilities featuring one-on-one classrooms, teaching cubes, administrative offices for faculty, independent training center, and occupational therapy space.
In addition, the exterior building facade was renovated with new exterior metal awnings, new glazing and paint.
A portion of the parking lot was converted into an outdoor playground, as well as accessibility upgrades, new hardscape and landscape improvements throughout.
Project designer was Kevin De Freitas.
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SDSU failed to award $20 million in
available scholarships over the past decade
San Diego Union-Tribune
San Diego State University failed to award $20 million in available scholarships over the past decade due to a variety of problems, preventing money from flowing to thousands of students who were trying to cope with rising education costs.
Campus officials said SDSU has been hobbled by an outdated scholarship management system that can make it difficult for students to find and apply for the awards.
The university also says it needs to convince more donors to make their scholarships open to a larger number of students.
USS Midway Foundation, SDSU announce
new endowed chair in U.S. military history
San Diego State University will soon be the only public university on the West Coast with an interdisciplinary program in modern U.S. military history. Announced during a presentation aboard the USS Midway on Tuesday, the USS Midway Foundation has made a $3 million, five-year pledge to create and fund an endowed chair in modern U.S. military history at SDSU.
The USS Midway Chair gift is the single largest gift received by the university’s College of Arts and Letters. The endowed chair will sit in the college’s Department of History.
“The USS Midway Chair in Military History allows us to move forward with developing a new and highly promising interdisciplinary program,” said Pierre Asselin, the Dwight E. Stanford Chair in U.S.-Foreign Relations at SDSU.
The new faculty position will focus specifically on military history from 1940-present and work to advance research, teaching, and public engagement in the areas of modern military, naval, and maritime history; the histories of war, statecraft, and national security policy; military technology; war and society; military combat operations, military humanitarian operations; post-war reconciliation; the lives of combatants, veterans, survivors; and public memory.
A national search will begin immediately for the new USS Midway Chair, with the goal of filling the position for the 2020-21 academic year.
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USD and CETYS collaborate
in dual graduate business degrees
The University of San Diego School of Business is collaborating with Centro de Enseñanza Técnica Y Superior (CETYS) to offer CETYS University graduate students the USD Master of Science in Global Leadership degree, coupled with an MBA from CETYS at their campus in Mexicali, Baja California, Mexico. This is the very first time that a USD degree is offered and granted outside of the U.S.
All USD MSGL courses will be delivered across the border in Mexicali in English by USD faculty beginning in July 2019, and both universities are accredited by the Western Association of Schools and Colleges. The program can be completed in a part-time or full-time format in approximately 24 months.
CETYS is a private university founded in 1961 with campuses in Mexicali, Ensenada and Tijuana.
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San Diego high on the list of most expensive
places to get married and buy a home
After San Francisco, Los Angeles and New York, San Diego is the most expensive place to get married and buy a home in the U.S., according to real estate brokerage Redfin.
The average wedding cost in San Diego, according to Redfin, is $27,000, while the median list price for a home is $639,000, requiring a down payment of $127,800. The cost of a wedding plus the down payment on a home amounts to $154,800.
“In expensive coastal metros including Seattle, Boston and San Diego, a down payment alone costs over $100,000, without factoring in a wedding,” says Redfin. “For couples in these places with visions of a dream wedding, it might be worth spending the money on the party, considering it is roughly half the cost of a down payment, which may be far less attainable.”
San Francisco, where typical wedding and down payment costs add up to $325,000, is the most expensive place to get married and buy a home, followed by Los Angeles ($168,000) and New York ($158,000).
“Even in relatively affordable housing markets like Phoenix, Minneapolis or Atlanta, a typical down payment is more than twice as much as an average wedding. If saving for a home is a priority of residents in these areas, skipping the big day and eloping to city hall might be a worthwhile strategy,” says Redfin.
Click here to read the full report…
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MappBio announces contract with BARDA
Mapp Biopharmaceutical, Inc., announced that it has been awarded an advanced research and development contract for $16.5 million with options for an additional $30 million by the Biomedical Advanced Research and Development Authority (BARDA), part of the Office of the Assistant Secretary for Preparedness and Response at the U.S. Department of Health and Human Services to advance MBP091 though the completion of a Phase 1 clinical trial.
MBP091 is a single human monoclonal antibody that is being developed as a pan-Marburg virus therapeutic for the treatment of hemorrhagic fevers caused by Marburg and the closely related Ravn virus. The mAb was isolated in the laboratory of Dr. James Crowe at Vanderbilt University Medical Center from a survivor or Marburg virus infection and subsequently licensed by Mapp. MBP091 has been evaluated in numerous preclinical experiments and has demonstrated the ability to neutralize Marburg virus in vitro and protect from lethal challenge of Marburg in vivo.
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Atlazo closes $3.4 million seed financing
round; deal led by Tech Coast Angels
Tech Coast Angels (TCA) closed an oversubscribed $3.4 million Seed financing round for Atlazo on Friday, June 7. TCA’s San Diego chapter led the transaction with $2.5 million coming from the angel network’s members.
Atlazo, based in San Diego, brings together innovative and energy-efficient AI, a flexible bio-sensing interface, and wireless connectivity in a single System-on-Chip for the wearable health care and Internet of Things (IoT) market. The company’s products use edge computing, offering speed and efficiency in IoT. Although most edge computing technologies on the market today are image-focused, Atlazo’s proprietary technology is on signals.
This deal marks one of the largest initial raises from TCA in the angel network’s 22-year history. Pradeep Mishra, a TCA San Diego member, led the deal. He said he was extremely impressed by what he saw during an investor outreach session presented by San Diego-startup incubator, EvoNexus.
Atlazo will use the funds from this financing round to take its product to consumers for productization, build the next generation product, and grow its sales, marketing and R&D efforts.
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Nationwide, it takes 14 years to save for a
home down payment; 31 years for San Diegans
For millions of Americans, the dream of homeownership remains distant, according to the 2019 Home Affordability Report, published by Unison. Nationwide, it takes 14 years to save for a 20 percent down payment on a median priced home for those earning the median income. This means that many prospective millennial homebuyers won’t achieve the American dream until well into their 40’s.
In the eight least affordable cities, it will take 30 years or longer: Boston (30 years), San Jose and San Diego (31), Miami and Manhattan (36), and Honolulu and San Francisco (40). Los Angeles tops the list at 43 years.
