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San Diego News

Thu, Nov 5, 2009
The Borders Group (NYSE: BGP) announced Thursday that it will be closing about 200 mall stores, including book shops in Chula Vista, Carlsbad and Southwest Riverside County as early as January.

MEDICAL | FINANCE
Shares of Genoptix Inc. (Nasdaq: GXDX) jumped after the Carlsbad-based laboratory services provider beat Wall Street's third-quarter earnings expectations and raised its outlook for the year.

The final shipment of solar-powered water purification systems from SPX Global will arrive in Iraq in about a week, bringing the total number of received units to 325.

Leap Wireless (Nasdaq: LEAP) widened its net loss in the third quarter as higher expenses offset higher revenue.

The San Diego County Bar Association has released the “Guide to Giving Back,” a comprehensive resource for San Diego’s legal community.

An infusion of stimulus funds has given the U.S. Small Business Administration more resources for helping small contractors win bids, and a new agreement between local officials is designed to help San Diego companies take advantage.

MEDICAL | TECHNOLOGY
Electronic medical records are coming. That much is for certain.

Imperial Capital Bank (OTC: IMPC) posted another quarterly loss in the third quarter as the costs of loan portfolio weakness and higher federal deposit insurance assessments added up.

San Diego port commissioner and former city councilman Scott Peters has been appointed an alternate member to the California Coastal Commission, Gov. Schwarzenegger announced Thursday.

MEDICAL | DEFENSE | GOVERNMENT | HEALTH | BIOTECH
The Navy played a key role last spring in the discovery of the H1N1 influenza's presence in the United States, according to a senior Navy medical officer.

Solpac Construction Inc. is being awarded $6,348,750 for firm-fixed-price task order #0007 under a previously awarded multiple award construction contract.

The Oliver Hazard Perry-class guided-missile frigate USS Thach (FFG 43) returned to San Diego Thursday after an independent five-month surge through all of the numbered fleets.

MEDICAL | FINANCE
ResMed Inc. (NYSE: RMD), the world's second-biggest maker of equipment for breathing-related sleep disorders, said profit rose 50 percent on increased demand for its products.

The Imperial Valley Economic Development Corp. has signed a partnership agreement with Export Import Bank of the United States, committing to help inform local business about financing services offered by the independent federal agency.

San Diego State University professor Jess Ponting recently co-authored California’s first handbook on sustainable tourism.

LIFESTYLE | REAL ESTATE | FINANCE
Corner Bakery Cafe has announced plans to open 11 franchise-operated locations in San Diego by 2016 through a partnership with S&B Development Inc., a Del Mar-based restaraunt company founded this year.

BIOTECH | FINANCE
Isis Pharmaceuticals (Nasdaq: ISIS) fell to a loss in the third quarter after research-and-development expenses rose and revenues fell.

Construction has begun on 108 two-story homes designed to appeal to homebuyers interested in energy efficiency.

Shares of ViaSat Inc. (Nasdaq: VSAT) jumped in late morning trade -- albeit on somewhat low volume -- after the Carlsbad-based satellite maker announced that net income fell slightly in the fiscal second quarter.

KMA Architecture & Engineering announced it has completed construction of portable guard booths as part if the larger expansion project of the San Ysidro Border Crossing.

BIOTECH | FINANCE
San Diego-based flavor developer Senomyx (Nasdaq: SNMX) has agreed to grant partner Firmenich SA additional time to decide whether to commercialize its lead sucrose enhancer.

BIOTECH | FINANCE
San Diego-based Ligand Pharmaceuticals Inc. (Nasdaq: LGND) has announced that its research collaboration with Pfizer for JAK3 has been extended by one year.

Cubic Transportation Systems, a subsidiary of San Diego-based Cubic Corp. (NYSE: CUB), has been awarded a contract valued at close to $20 million to deliver new smart card-capable fare gates and ticket vending machines in nine subway stations in San Francisco.

California ranked No. 1 in terms of jobs either created or saved due to the $787 billion federal stimulus package, and San Diego was near the top among the state’s locales according to new data reported by the White House.

While the commercial real estate market sags, more real estate professionals are considering beefing up their resumes by pursuing graduate school so that they can be better positioned when the economy recovers. Admissions counselors at the University of San Diego's Burnham-Moores Center for Real Estate, which offers a master's degree in real estate, say that numbers are up for 2010 applications, and apparently not despite current economic woes, but because of them.

More than 400 financial and commercial real estate experts from around the country recently convened in San Diego for the annual Trigild Lender Conference, reaching the consensus that there is one key to recovery in today's dismal economy: jobs.

San Diego's commercial real estate markets, like commercial real estate markets across the country, are suffering from low levels of demand. Leasing values continue to decline across all product types and concessions are abundant, in the form of generous tenant improvement allowances and free rent.

To say that commercial real estate and capital markets are in disarray is understating the obvious.

Growing up in the open space of Texas and building things with her step dad formed the foundation for Kellie Hill entering into the construction field.

While management has been shown to have a greater impact on worker productivity than any environmental factor, environment does matter. In May 2009, a team from CBRE and the University of San Diego's Burnham-Moores Center for Real Estate conducted a survey to examine the impact of green buildings on productivity. All told, 154 buildings containing more than 2,000 tenants -- which were deemed green by virtue of either the Energy Star label or LEED certification at any level -- were surveyed. Forty-four percent of the buildings were located in the central business district, while 56 percent were midtown or suburban. Ninety-four percent of the buildings were multitenant. Most were Class A or A-.

A recently released Cushman & Wakefield third-quarter 2009 report shows that tenants are driving the San Diego County industrial market as landlords focused on occupancy continue to write aggressive leases including free rent and generous tenant improvements to attract new tenants and retain current ones.

It seems to occur once or twice a decade. Free-flowing capital leads to overbuilding, leaving vast quantities of empty office space during a downturn. It has happened again.

Attempts at the federal level to stem commercial real estate loan problems and subsequent fallout will be met with both applause and skepticism, if conversations with local industry players are any indication.

Alphatec Holdings, Inc. announced that it has entered into a supply and distribution agreement with ETEX Corporation, pursuant to which ETEX will provide Alphatec Spine non-exclusive rights to market and sell ETEX's EquivaBone and CarriGen products in the United States and Europe, excluding Spain, according to company announcements, SEC filings and Bloomberg News.

The following "Local Notes" appeared in The Daily Transcript's Nov. 6, 1917, issue:

In an effort to make live classical music performance more accessible to general audiences, Music Director/Conductor John Stubbs of California Ballet, has created a multimedia performance experience where live classical music, dance and film converge for one special evening titled, Luscious Noise at Anthology in Little Italy on Sunday, Nov. 22, according to a press release.

Pardee Homes has released a new phase at its Carriage Run neighborhood scheduled to be available for move-in by May of next year.

The Kaiser Foundation Health Plan Inc. has acquired the six-story, 175,000-square office building in Kearny Mesa at 5887-5893 Copley Drive in the Terraces at Copley Point complex for $53.33 million. The building is covered with a commercial condominium map recorded Oct. 7, 2009.

After more than 11 years and 850-plus meetings, the County of San Diego's general plan update is still a year from completion.


This special report focuses on the players helping to build San Diego -- from general contractors and engineers to prime contractors, subcontractors and suppliers.

Last Updated 11/20/2009
Best Performers
+0.30 
40.00%
+0.04 
40.00%
+0.04 
36.36%
+0.33 
27.50%
+0.01 
25.00%
Worst Performers
-0.04 
-40.00%
-0.02 
-25.00%
-0.02 
-20.00%
-0.05 
-10.00%
-0.07 
-9.86%

Last Updated 11/20/2009
QUALCOMM INC
Mollenkopf Steven M, O, Sold
No. of Shares: 7,449
Date Filed: 11/16/2009

VIASAT INC
Nash Jeffrey M, D, Sold
No. of Shares: 4,225
Date Filed: 11/16/2009

PRICESMART INC
Janks Leon C, D, Options Exercised
No. of Shares: 1,000
Date Filed: 11/17/2009











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