Daily Business Report-March 23, 2016
UCSD Extension
UCSD Extension Identifies Top
San Diego Jobs Most in Demand
Information security analysts, market research analysts and marketing specialists are among the top 10 careers in San Diego that are most in demand and have the highest growth potential, according to a new report by the UC San Diego Extension.
These emerging careers show both the value of a college degree and also the need for specialized training as technology is continuously reshaping the job market and the economy, said Mary Walshok, associate vice chancellor of public programs and dean.
The report — “Emerging Careers for 2016” — identified the top 10 occupations in both the United States and San Diego that have the highest growth rates.
Locally, the 10 emerging careers for 2016 are:
1. Information security analysts
2. Market research analysts and marketing specialists
3. Medical and health services managers
4. Computer systems analysts
5. Management analysts
6. Software developers, applications
7. Civil engineers
8. Financial analysts
9. Sales representatives, wholesale and manufacturing, technical and scientific products
10. Accountants and auditors
To compile the lists, UC San Diego Extension’s Center for Research on the Regional Economy identified the top 10 occupations that combined the highest projected growth rates and the most online job postings using data from labor data market firms Emsi and Burning Glass. Researchers focused on careers that required a bachelor’s degree with less than five years of work experience.
The report also includes the salaries, age and gender breakdown of each emerging career.
The top 10 emerging careers in the United States for college graduates in 2016 are:
1. Software developers, applications
2. Accountants and auditors
3. Computer systems analysts
4. Medical and health service managers
5. Sales representatives, wholesale and manufacturing, technical and scientific products
6. Management analysts
7. Market research analysts and marketing specialists
8. Financial analysts
9. Information security analysts
10. Civil engineers
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Lincoln Property Co. Sells Carlsbad
Industrial Complex for $13.65 Million
Less than two years after acquiring a Carlsbad multi-tenant industrial building, Lincoln Property Company has sold it to a fund managed by Colony Capital for $13.65 million. The buyer was identified as 2270 CVR HOLDINGS-4 LLC.
The 106,311-square-foot-building, located at 2270 Camino Vida Roble, was 94 percent leased at the time of sale. Current tenants include Lumistar Inc., Fastenal, Zingle, and the UC Santa Barbara’s San Onofre Nuclear Generating Station (SONGS) Migration Monitoring Program, among others.
Lincoln purchased the property in April 2014 from 2270 Camino Vida Roble LLC, an entity of the Gilbert J. Martin Foundation. At the time, the building was 85 percent leased to 17 tenants. Since procuring the building, Lincoln completed an exterior remodel of the property, enhanced its signage and made landscape and parking improvements.
Cushman & Wakefield represented Lincoln Property Company in the transaction. The buyer represented itself.
USS Chosin Gets New Homeport
Of San Diego For Modernization
The U.S. Navy announced Tuesday that the guided missile cruiser USS Chosin will change its homeport from Pearl Harbor, Hawaii, to San Diego as part of a cruiser modernization program.
The cruiser is scheduled to depart Pearl Harbor this month. It will be considered on deployment until July 1, at which time it will officially change its homeport to San Diego.
The move supports the Navy’s plan to modernize select cruisers to extend their service lives to 40 years, as well as upgrade shipboard combat systems to address current and future warfighting requirements.
USS Chosin was commissioned in 1991 and since then has served in the Pacific from its homeport of Pearl Harbor.
In 1992 Chosin deployed for the first time to the Persian Gulf in support of Operation Southern Watch. On several occasions over the years, sailors aboard Chosin rescued stranded fishermen at sea, including Iraqi and Yemeni seafarers. In 2014 USS Chosin led recovery efforts of the disabled Canadian navy oil replenishment ship Her Majesty’s Canadian Ship Protecteur after an engine fire. Chosin participated in humanitarian operations in the Pacific and dozens of international exercises, including Rim of the Pacific exercises in the Hawaiian Islands.
Capt. Kevin Brand is commanding officer of the cruiser.
Chosin is the first U.S. Navy warship named in commemoration of the First Marine Division’s heroism at the Chosin Reservoir in the Korean War.
18-Unit Luxury Townhomes
Planned for La Jolla Village
Silver Street Partners has obtained $16.25 million in construction financing through George Smith Partners to build the Silver Springs Townhomes, an 18-unit luxury townhome project in La Jolla.
“This project will be the first of its kind to come online in the La Jolla submarket in many years,” said Jonathan Lee, principal with George Smith Partners. “This market is extremely supply-constrained and competitive, and demand for residential product in this high-end area continues to climb.”
The development site consists of two contiguous parcels, 7601 Draper Ave. and 720 Silver St. in La Jolla on which a single-story vet clinic as well as a U.S. Postal Service location currently exist. The planned 18-unit, 41,881- square-foot townhome style development will replace these structures, resulting in a centrally located residential community that is within walking distance of restaurants, shopping and the bluffs overlooking Torrey Pines and the Pacific Ocean.
Silver Street Partners is headquartered in La Jolla.
College and School District Boards
To Conduct Joint Meeting April 19
The governing boards of the San Diego Community College District and the San Diego Unified School District invite the public to attend a April 19 joint meeting that will focus on promoting student success from pre-kindergarten through college. The meeting is set to begin at 5 p.m. at Mira Mesa High School, 10510 Reagan Road, San Diego, 92126.
The meeting’s purpose includes better coordination of curriculum between the two districts. Specific topics will include expansion of successful early/middle college high school programs, and dual enrollment, and aligning mathematics and English courses to boost college readiness.
Also to be discussed is the San Diego Promise, a pilot program for the 2016-17 academic year which will implement a local version of the America’s College Promise free community college initiative. The pilot program will provide 200 City, Mesa, and Miramar College students with financial assistance including payment of the enrollment fee, as well as a textbook/instructional materials grant of $1,000. The San Diego Promise is expected to include 175 graduating seniors from San Diego Unified feeder schools and 25 students coming from Continuing Education.
Boys and Girls Clubs of Santee Expect
Energy Savings with Guardian Installation
Empowered Energy Solutions is installing its Guardian energy monitoring and control system in the Boys and Girls Clubs building in Santee, which the clubs expect to reduce the cost of electricity by more than 90 percent. The installation project is expected to be completed by April.
Ted Torre-Bueno, president of Empowered Energy Solutions, said the Boys and Girls Clubs’ objective was to reduce their utility bill so they could reallocate funds toward programming for youths. “With Guardian, we identified savings so profound that it radically increased the return on investment of the project,” said Torre-Bueno.
According to Torre-Bueno, Guardian is the industry’s first energy management solution that qualifies customers for the least expensive utility rate plan, resulting in significant utility bill savings every month. He said it intelligently manages a property’s energy demand without sacrificing performance or tenant comfort.
“Guardian is unique; it allows us to guarantee financial outcomes for our clients for up to 25 years,” said Torre-Bueno. “With Guardian, we’re helping our clients outsmart utility companies. With a combination of energy management and self-generation, we avoid punitive demand-based rate schedules and sky-high time-of-use rates. Our ultimate goal is to reduce customers’ utility bills to the legal minimum — often $12 a month.”
$15 Minimum Wage Initiative
Qualifies for November Ballot
Times of San Diego
A proposal to raise California’s minimum wage to $15 by 2021 has qualified for the November ballot, it was announced Tuesday.
The California Secretary of State’s office certified that initiative organizers had collected the necessary 402,468 signatures to be immediately placed on the ballot.
The Fair Wage Act of 2016 would raise California’s minimum wage to $11 in 2017 and then gradually increase it a dollar a year until it reaches $15 in 2021. Once the minimum wage reaches $15, it will automatically be adjusted each year to keep pace with the cost of living. California’s minimum wage is currently $10 an hour, which amounts to less than $21,000 a year for a full-time worker.
“California has often been the incubator of ideas and policies that spread across the country — this initiative fits that mold and will make our state the leader in the fight against income inequality,” said California Lt. Gov. Gavin Newsom.
Advocates of the ballot initiative say it will improve the lives of millions, generate more income tax revenue for state and local government to spend on schools, roads and parks, reduce government spending needed to aid the poor, and will grow the economy as the higher wages are spent in workers’ communities.
But opponents say the change would put small businesses in jeopardy.
According to a Field Poll from last year, 68 percent of registered California voters support the initiative.
City Council OKs Deal with Toyota
City News Service
San Diego lifeguards will continue to use Toyota trucks for rescues under a plan approved unanimously Tuesday by the San Diego City Council.
The multi-year sponsorship agreement will save the city millions of dollars in vehicle costs and maintenance, according to documents released by the city.
Toyota dealers of San Diego will continue to provide the city with 34 rescue vehicles, including their maintenance and upkeep in exchange for putting the Toyota logo on the trucks and using the partnership in marketing materials.
City staff estimates the deal could save the city $4 million over a 10-year period if the contract is extended for that lon
Sequenom Inks Deal with Anthem Blue
Cross and Blue Shield for NIPT Test
San Diego life sciences company Sequenom announced that its subsidiary Sequenom Laboratories has signed an in-network contract with Anthem Blue Cross and Blue Shield in Connecticut, Maine, and New Hampshire to cover insured patients for the company’s noninvasive prenatal tests.
The company said the agreements provide coverage for patients with both high- and average-risk pregnancies in those states, effective March 28.
Further terms of the deal were not disclosed.
“Our commitment to women’s health means doing all we can to ensure affordable access to our testing services. In keeping with this commitment, we continue to gain in-network status with the nation’s leading health plans and are encouraged by increasing payor support of NIPT for average-risk pregnancies,” said President and CEO Dirk van den Boom in a statement.
Sequenom inked a similar coverage deal with UnitedHealthcare in September 2015, though that deal covered patients nationwide, and included the NIPT test MaterniT21 Plus and the universal and cystic fibrosis carrier screening tests, HerediT Universal and HerediT CF. It did not include the VisibiliT test for screening women with average-risk pregnancies for trisomies 21 and 18, or the MaterniT Genome, a noninvasive test that analyzes chromosomal loss or duplication of greater than 7 megabases across the entire genome.
Sequenom has been dealing with challenges to the validity of a certain patent underlying its NIPT tests. The company filed a petition with the US Supreme Court this week to review decisions by lower federal courts that ruled certain claims of the patent ineligible.
Chargers Reportedly Seeking Hotel
Tax Hike for Downtown Stadium
Times of San Diego
The Chargers reportedly want San Diego voters to raise taxes on hotel stays to pay for a $1.8 billion combination stadium and convention center next to Petco Park in Downtown San Diego.
The San Diego Union-Tribune quoted sources Tuesday as saying the team will propose an increase in the tax paid by visitors from 12.5 percent to 16.5 percent to finance the project.
The plan would be presented to voters during the presidential general election in November.
The city has proposed renovating Qualcomm Stadium in Mission Valley with financing from a bond issue, but the Chargers have been adamant that they prefer a downtown location.
Although both plans would require voter approval, neither would raise taxes.
Personnel Announcements
Evelyn Heidelberg Joins Crosbie Gliner Law Firm
Land use and environmental lawyer Evelyn Heidelberg has joined the law firm of Crosbie Gliner Schiffman Southard & Swanson LLP as its newest partner.
Heidelberg will head up the firm’s new land use and environmental resources practice specializing in obtaining entitlements for high-profile developments, master-planned communities, urban in-fill, mixed-use and historical redevelopments.
Most recently a longtime partner with Procopio, Cory, Hargreaves & Savitch LLP, Heidelberg concentrates her practice in advising clients on land use entitlements and due diligence, environmental law compliance, and defense of enforcement actions.
Heidelberg began her career as a city and regional planner in California and Virginia. She has more than 20 years of legal experience. She previously was a partner with McKenna & Cuneo and served as of counsel for
Latham & Watkins.
Matthew Noonan Named Principal of Cavignac
Cavignac & Associates has named Matthew Noonan, an account executive in the agency’s Employee Benefits Department, as a principal of the firm.
Noonan joined Cavignac in 2007. Hespecializes in the creation and implementation of employee benefits programs for Southern California-based businesses.
Noonan joins Jeff Cavignac, Jim Schabarum, Scott Bedingfield, Patrick Casinelli and Matthew Slakoff in part ownership of Cavignac & Associates.
Prior to joining the firm, Noonan spent five years in the financial services industry, managing a branch office of a national bank before moving into the commercial insurance field.
Born and raised in San Diego, Noonan graduated in 2000 from UCLA with a Bachelor of Science degree in sociology. During that time, he was part of the UCLA Bruin Men’s Volleyball team, and helped lead the team to three NCAA National Championship titles.
