Daily Business Report: Thursday, Nov. 10, 2022
Carlsbad’s Viasat plans for early 2023 to launch
first of three terabyte class Internet satellites
Carlsbad’s Viasat said Tuesday that it expects to begin launching its next-generation broadband Internet satellite constellation early next year — marking another delay in getting the terabyte-class satellites into orbit. This pushback in timing is minor. It’s being driven by other missions that are lining up for the same launch facility, according to the company.
The first of three ViaSat-3 satellites has completed testing and is ready to ship to the unidentified launch site in December, said Chief Executive Mark Dankberg.
The Viasat-3 constellation is made up of three satellites, each with about 1.5 terabits per second of maximum capacity. It aims to deliver faster speeds and more affordable data to airlines for in-flight Wi-Fi, rural homes of residential Internet, as well as to oil rigs, cruise ships and government customers. It supplies in-flight Internet to Air Force One and other government VIP aircraft.
Port commissioners advance Seaport San Diego
proposal to environmental review
The Port of San Diego Board of Port Commissioners has authorized staff to begin the environmental review process for the Seaport San Diego project proposed by 1HWY1 for the potential redevelopment of the Central Embarcadero along San Diego Bay.
1HWY1 is proposing a mixed-use development program that includes more than 70 percent of public realm space – parks, open spaces and plazas, piers, walkways, beaches, nature trails, shared streets, and public rooftop; hotels at various service levels and price points; an event center; a “Blue Tech Innovation Center” block made up of an aquarium, blue tech office space, and an observation tower; commercial fishing facilities; restaurants, retail, and more.
The potential redevelopment area includes Seaport Village and surrounding areas between the Manchester Grand Hyatt and USS Midway. Embarcadero Marina Park North, Ruocco Park, and Tuna Harbor are also included.
For next steps, staff will begin the environmental review process, which includes drafting an Environmental Impact Report (EIR), which may take approximately 24 months or longer.
Large Mission Valley office building sold
for $21.5 million to Fresno real estate firm
A newly renovated, 94,612-square-foot office building in Mission Valley has been sold for $21.5 million to Bitwise at State Center, a real estate development company based in Fresno.
The three-story property is situated on 5.81-acres and consists of over 30 office suites ranging in size from 550 square feet to 13,000 square feet, 337 underground parking spots and a two-story atrium lobby. The building was built in 1981 and is currently at 92 percent occupancy.
The property is at 3838 Camino Del Rio North, just north of Interstate 8 and west of Interstate 15.
Matt Pourcho and Anthony DeLorenzo of CBRE’s Private Capital Partners, and Louay Alsadek from Colliers, represented the seller, Camino DRN Owner LLC, in the transaction.
Qualcomm teaming with EvoNexus
on 5G technology incubator
San Diego wireless technology company Qualcomm is partnering with EvoNexus, a nonprofit technology incubator, to identify early-stage companies bridging emerging technologies and use cases with the compelling attributes of the 5G network. Applications are now being reviewed with admissions to the program on a rolling basis.
In 2021, EvoNexus portfolio companies raised over $530 million and had greater than $1 billion across 7 exits. Founded in 2010, 41 portfolio companies have been acquired and 85 percent achieve venture capital funding.
“Our 12-year relationship with EvoNexus has provided Qualcomm Technologies with early access to startups with potential synergy across our business units,” said Ziad Asghar, vice president of product management for Qualcomm Technologies. “We are pleased to continue the 5G incubator program with EvoNexux to support transformational early-stage innovations.
Sundt Construction tops off
new Airport Administration Building
Sundt Construction recently celebrated its topping out of the new Airport Administration Building at the San Diego International Airport. The new Airport Administration Building is a replacement to the San Diego Airport Authority’s current existing administration building. The current building is located in an area that conflicts with proposed terminal and roadway improvements that cannot be completed until the administration building has been relocated. The project consists of the construction of a new 130,000-square-foot building and the relocation of features from the current administration building. With the structural topping off, the project is about one year away from completion.
Face covering requirement to be lifted
at San Diego Community College District
The San Diego Community College District – which includes San Diego City, Mesa, Miramar, and Continuing Education colleges – will no longer require face coverings on district property beginning Dec. 19. The SDCCD made the announcement on Nov. 7, stating the decision was made only after the issue was discussed extensively during the fall semester with SDCCD leadership, the Board of Trustees, labor representatives, a COVID-19 Advisory Group, and other stakeholders.
Lifting the face covering requirement on Dec. 19 will allow classes during the SDCCD’s January intersession and the spring semester to proceed without any special requirements. For more information on the spring semester, visit classes.sdccd.edu.
Tri-City Medical Center breaks
ground on mental health care unit
Four years after Tri-City Medical Center shuttered its behavioral health unit, citing costs and staffing difficulties, leaders formally broke ground on a replacement Monday. Estimated to open next year, the 16-bed, single-story facility — built by the county but staffed and operated by Tri-City Medical Center — will be built in a parking lot on the northern edge of the Oceanside hospital’s campus.
PMB promotes Jake Rohe to
managing partner and president
PMB, a health care real estate developer, has promoted senior leader Jake Rohe to managing partner/president.
Rohe played a leading role in the development for the company as a partner for the past 10 years. Toothacre, former president, will transition to a new title as managing partner/CEO.
The moves come at a time of record growth for PMB as the company continues to develop across the continuum of care.
PMB’s evolution and commitment to its leadership team and internal capabilities enables the firm to continue to execute its business plan, partnerships, and capabilities across the continuum of care.
BluPeak Credit Union selects
Empower loan origination system
BluPeak Credit Union, a San Diego-based credit union with nearly 60,000 members and more than $1.2 billion in assets, has signed a contract to implement Black Knight Inc.’s Empower loan origination system and its suite of integrated solutions to help automate the processing of loans. With Empower, BluPeak will have an industry-leading LOS that will help the credit union better serve its members, streamlining workflows for employees and driving down operational costs.
Major Arena Soccer League names ALT
Sports Data exclusive data distribution partner
Major Arena Soccer League (MASL) has appointed ALT Sports Data Inc., the San Diego-based leader in trading and consumer data for action, alternative and emerging sports, as the official data distribution partner to deliver an enhanced fan experience to their expanding audience. By providing the trading data and services, ALT Sports Data and MASL will unlock new ways for soccer fans to engage in the sport, as well as generate awareness of MASL with an already highly engaged audience not yet familiar with the league. Major Arena Soccer League represents the highest level of professional indoor soccer in the world and features teams across North America. The 2022-23 season kicks off Thanksgiving weekend.
Porch piracy in U.S. is ballooning
Three in four Americans have had a delivery stolen from their home, according to the fifth annual Package Theft Report released by SafeWise, in partnership with Vivint Smart Home. What’s more, these numbers are rapidly increasing, with porch piracy ballooning by 23 percent over the last 12 months. With the holidays fast approaching, more people will be shopping online which gives porch pirates the perfect opportunity to swipe packages. To help consumers, SafeWise partnered with home security leader Vivint to provide actionable ways for people to protect their purchases. To read the full report visit: https://www.safewise.com/blog/metro-areas-porch-theft/
Alan Sandler appointed executive VP and
chief medical officer for Mirati Therapeutics
Mirati Therapeutics Inc., a clinical-stage targeted oncology company, announced the appointment of Alan Sandler, M.D., to the position of executive vice president and chief medical officer. In his role, Sandler will provide leadership and direction over clinical development and operations, regulatory affairs, drug safety and asset development strategy.
Most recently, Sandler was president and global head of oncology for Zai Lab where he led global oncology development for the company. He joins Mirati with over 30 years of oncology and drug development experience across industry and academia. Previously, Sandler was the senior vice president and global head of oncology product development at Genentech.
TrueCare rolls out newest mobile wellness unit
TrueCare, a San Marcos community-based health center serving north San Diego and south Riverside counties for over 50 years, rolled out a new mobile wellness unit on Tuesday. The additional unit expands the nonprofit’s ability to provide medical and dental services to anyone in need. The new TrueCare mobile unit is making its debut at the Brother Benno’s Center, an Oceanside-based nonprofit that provides essential services and outreach to struggling families and people experiencing homelessness, as well as an alcohol and drug recovery program, among other services.
Palomar Medical Center Escondido gets high ratings
Palomar Medical Center Escondido has been named one of America’s 50 Best Hospitals for Surgical Care and one of America’s 100 Best Hospitals for Gastrointestinal Surgery, according to new research released by Healthgrades, a leading marketplace connecting doctors and patients. This achievement reflects Palomar Medical Center Escondido’s outstanding clinical outcomes for Best Specialty and puts Palomar Medical Center Escondido in the top 2 percent of hospitals nationwide for Surgical Care and Gastrointestinal Surgery. Palomar Medical Center Escondido is 1 out of 2 hospitals in San Diego County named America’s 50 Best in Surgical Care in 2023.
