Daily Business Report — Oct. 14, 2010
Vote for the Most Admired Company
San Diego Metropolitan Magazine is soliciting nominations for the 15 Most Admired Companies in San Diego County. The winning companies will be profiled in the December issue of the magazine. To nominate a company, fill out the form on our Website: sandiegometro.com. The deadline is Oct. 30. For more information, call Rebeca Page at (619) 906-4104 or send an e-mail to her at email@example.com.
Reilly Named SeaWorld San Diego President
John T. Reilly, president of Busch Gardens and Water Country USA in Williamsburg, Va., has been named president of SeaWorld in San Diego. He replaces Andrew P. Fichthorn, who announced his retirement last week. Busch Gardens and SeaWorld are among the 10 parks operated by Orlando-based SeaWorld Parks & Entertainment. Reilly, 41, has held the top post at Busch Gardens Williamsburg since November 2007. Prior to that promotion, he was responsible jointly for the merchandise group at Busch Gardens Tampa Bay and the company’s corporate merchandise department. Reilly started his career at Busch Gardens Williamsburg in 1985 as a food cart attendant while still in high school. After earning a bachelor’s degree in Spanish and history from the College of William and Mary, he held positions of increasing responsibility in the culinary department at Busch Gardens, rising to director in 1998. He was promoted to culinary vice president and moved to SeaWorld San Diego in 2001.
Housing Sales Slip in San Diego County
Sales of housing properties in San Diego County during September dipped again since August, according to a report by the San Diego Association of Realtors (SDAR). Sales of detached properties decreased just over 5 percent while sales of attached properties decreased almost 11 percent. When compared to September of last year, detached home sales are down 9 percent and 17 percent for attached homes. For one of the few times this year, 2010 year-to-date sales did not outpace those of 2009. Sales for single-family homes decreased 5 percent and decreased just less than 1 percent for condos and other attached properties.
The median sales price for single-family homes increased slightly since August: 1.3 percent, while the median sales price for attached properties decreased 3.2 percent. The median sales price compared to September of last year is still maintaining the upward trend. The median sales price for 2010 remains about 10 percent higher than that of 2009.
“While it’s disappointing to see the slowing in sales in September, it isn’t altogether unexpected in a month when many people are getting back into the swing of things after summer,” says Mark Marquez, SDAR president. “The median sales price so far for 2010 is 10 percent higher than that of last year for the second month in a row, an indicator of stability in one facet of the market. Despite the record low interest rates we are seeing, buyers don’t seem to be taking advantage of the opportunity like we’d hoped. And unfortunately, recent news about banks freezing foreclosures will probably lead to more uncertainty in the marketplace.”
Total Sold Listings Comparing September 2010 to August 2010
• Detached: 5.3 percent decrease
September 2010 = 1,593 August 2010 = 1,682
• Attached: 10.8 percent decrease
September 2010 = 798 August 2010 = 895
Total Sold Listings Comparing September 2010 to September 2009
• Detached: 9.1 percent decrease
September 2010 = 1,593 September 2009 = 1,753
• Attached: 17.2 percent decrease
September 2010 = 798 September 2009 = 964
Total Year-to-Date Sold Listings Comparing 2010 to 2009
• Detached: 5.1 percent decrease
2010 = 15,844 2009 = 16,701
• Attached: 0.8 percent decrease
2010 = 8,726 2009 = 8,796
Median Sales Price Comparing September 2010 to August 2010
• Detached: 1.3 percent increase
September 2010 = $390,000 August 2010 = $385,000
• Attached: 3.2 percent decrease
September 2010 = $212,900 August 2010 = $220,000
Median Sales Price Comparing September 2010 to September 2009
• Detached: 1.4 percent increase
September 2010 = $390,000 September 2009 = $384,500
• Attached: 3.9 percent increase
September 2010 = $212,900 September 2009 = $204,950
Year-to-Date Median Sales Price Comparing 2010 to 2009
• Detached: 10 percent increase
2010 = $385,000 2009 = $350,000
• Attached: 10 percent increase
2010 = $220,000 2009 = $200,000
Second Chance Names New Executive Director
Robert Coleman, a veteran of the nonprofit sector, has joined Second Chance in San Diego as executive director. The organization provides work readiness training, job placement and housing. As CEO of the YMCA in England, Coleman led two large YMCAs through a period of organizational change. He has also held other executive positions at the YMCAs in Orange County and Riverside County. Second Chance was founded by Scott H. Silverman in 1993. He who will continue to serve the agency as president. The organization serves former substance abusers, ex-offenders, homeless veterans and at-risk youth.
Summerhays Named Trustee of the American Dental Association
Dr. Carol Gomez Summerhays, a San Diego-based dentist, has been installed as a trustee of the American Dental Association. He will represent the 13th District on the ADA board, which reviews and makes recommendations on policies and programs to the ADA governing body, the House of Delegates. Summerhays is a past president of the California Dental Association and has been a delegate to the House of Delegates since 2004. She served in the Dental Corps of the United States Naval Reserve, where she rose to the rank of lieutenant. She is a graduate of the University of San Francisco and received her doctor of dental surgery degree from the University of Southern California in 1978.
Any Ferrell Appointed VP of N.N. Jaeschke Inc.
N.N. Jaeschke Inc. has appointed Any J. Ferrell as executive vice president in charge of its community management department. Ferrell has more than 14 years of experience in the community management field. She will be responsible for the operations and oversight of the management team. Ferrell began her career in 1996 as a community manager for a San Diego firm. She held various positions within the same company and her responsibilities included management of master planned communities and leading the San Diego division for the same California company. She holds a bachelor’s degree from San Diego State and has received the designation of Certified Community Association Manager from the California Association of Community Managers.
Office Condominium Sells for $563,040
Tyler Forbes, DC-Chiropractic has purchased a 2,346-square-foot office condominium in Venture Sorrento Office Park in Sorrento Valley for $563,040. The office park, located at 11199 Sorrento Valley Road, was formerly called Venture Commerce Center and has 14 separate units. It is owned by PV Venture Sorrento LLC, a subsidiary of PacVentures, Inc., a commercial real estate investment and development company based in San Diego that focuses on acquisition and development of properties in the Southwest. Phillip Linton of Cassidy Turley BRE Commercial is the listing broker for the project.
Qualcomm Subsidiary Acquires iSkoot Technologies
Qualcomm Innovation Center Inc., a wholly owned subsidiary of Qualcomm Inc., has acquired iSkoot Technologies Inc., a newly-formed corporation that recently received all of the assets of iSkoot Inc., a San Francisco-based company. iSkoot works with leading device manufacturers and U.S. mobile operators to bring popular social networks and new Internet services to mobile handsets.
Pauma Tribe Receives Fed Money
The Pauma Band of Luiseno Indians has received a $338,050 grant from the Department of Justice toward prevention of alcohol and substance-abuse related crimes. The grant — part of $127 million given to tribes nationwide to improve public safety and criminal justice — was awarded through the Community Oriented Policing Services Tribal Resource Grant Program (COPS), which advances the practice of community policing in U.S., state, local and tribal enforcemen agencies. The Pauma tribe plans to use the money toward improving community policing by hiring and training new officers and purchasing new equipment and vehicles.
San Diego Harbor Excursion Changes Name
San Diego Harbor Excursion is celebrating its 95th anniversary and changing its name to Flagship Cruises & Events. CEO Arthur Engel said the new name more closely reflects the services offered by the company, which include its signature harbor cruises, holiday parties, dinner cruises, corporate events, weddings, brunches, whale watching and ferry services. The company also operates a variety of ancillary businesses like the Bay Cafe and the Glorietta Gift Shop. The company will unveil its new branding by offering $9.50 harbor cruises on Oct. 22, 23 and 24. The company is also inviting passengers to join the Grand Reopening Cruise celebration on Oct. 22 at 10 a.m.
SCORE San Diego Small Business Workshops
Fees range from $29 to $109 depending on the program.
• Oct. 15 – How to Start and Manage Your Own Business – Carlsbad – 9 a.m. to 4:15 p.m. at National University in Carlsbad (705 Palomar Airport Road, Carlsbad 92011; pre-paid registration $69, $79 at the door).
• Oct. 16 – QuickBooks Basic – 9 a.m. to 4 p.m. at Point Loma Nazarene University in Mission Valley (4007 Camino del Rio South, San Diego 92108; pre-paid registration $69, $79 at the door).
• Oct. 18 – Internet Marketing 303: Social Media – 9 a.m. to noon at Point Loma Nazarene University in Mission Valley (4007 Camino del Rio South, San Diego 92108; pre-paid registration $49, $59 at the door).
• Oct. 19 – Financing Your Business – Carlsbad – 9:30 a.m. to noon at National University in Carlsbad (705 Palomar Airport Road, Carlsbad 92011; pre-paid registration $29, $39 at the door).
• Oct. 20 – Import/Export – 9 a.m. to 4:30 p.m. at Point Loma Nazarene University in Mission Valley (4007 Camino del Rio South, San Diego 92108; pre-paid registration $69, $79 at the door).
• Oct. 22 – Internet Marketing 302: E-mail Strategy – 9 a.m. to noon at Point Loma Nazarene University in Mission Valley (4007 Camino del Rio South, San Diego 92108; pre-paid registration $49, $59 at the door).
• Oct. 22 – Business Basics 101 – 9:30 to 11:30 a.m. at SCORE Entrepreneur Center (550 West C St., #550, San Diego 92101; FREE! Please pre-register).
The Daily Business Report is produced by REP Publishing Inc., publisher of San Diego Metropolitan Magazine, the North Park News, Kensington News and the West Coast Craftsman. (619) 906-4104.