Daily Business Report — Aug. 2, 2012
The Irvine Company, Largest Office Building
Owner in San Diego, Marks 30th Anniversary
The Irvine Company, which owns more than 7.5 million square feet of office space in San Diego and a major owner of apartments in the county, is marking its 30th anniversary in San Diego this year. The company’s office holdings are in La Jolla-UTC, Downtown, Sorrento Mesa, Del Mar Heights and Mission Valley. Its Downtown holdings include One America Plaza and Symphony Towers. Major San Diego companies leasing space in the company’s buildings include Qualcomm, Peregrine Semiconductor, ServiceNow.com, McKenna Long, DLA Piper, Barney & Barney, EvoNexus and ConVis. The office buildings are home to 600 businesses employing more than 20,000 people. It owns more than 3,200 apartments in La Jolla-UTC, Mission Valley, Torrey Hills and Carlsbad that are home to more than 5,000 San Diegans.
In the past three decades, San Diego has become the company’s second largest market after its base of Orange County. “The fact that many of us are San Diegans solidifies our commitment to the market,” said Tom Sullivan, senior vice president of development and a San Diego native.
In June, the company acquired Centerside I, a 13-story, 205,000-square-foot office building in Mission Valley. The acquisition complements the Irvine Company’s ownership of Centerside II, a 16-story, 287,000-square-foot office building next door. The company also is in the advanced design phase for a 340,000-square-foot, 15-story office building to be constructed at its La Jolla Centre office campus. The building will complement La Jolla Centre’s two existing office buildings and complete the campus as an integrated office development. “We will continue to be active and are poised to make moves,” said John Turner, San Diego regional vice president of Irvine Company Office Properties. “Our story in San Diego isn’t over yet.”
NextWave Wireless to be Acquired by AT&T
NextWave Wireless Inc. of San Diego announced that it has entered into an agreement to be acquired by AT&T. The holders of NextWave’s secured notes have entered into separate note purchase agreements with AT&T. The AT&T merger agreement provides that AT&T will acquire all of the outstanding common shares of NextWave for $1 per share plus a contingent payment right representing a $25 million interest in an escrow fund.
Quality Cabinet and Fixture Co.
Acquired by Milwaukee Firm
Milwaukee-based Glenn Rieder Inc. has acquired Quality Cabinet and Fixture Co. of San Diego and its majority owned subsidiary, Quality Cabinets de Mexico S. de R.L. de C.V. Glenn Rieder and Quality Cabinet are both in the business of manufacturing, engineering and installing architectural millwork and related interior finishes for corporate interiors, institutional, judicial, health care facilities, hotels, restaurants and casinos located in the United States and in the Caribbean.Quality Cabinet and Fixture Company has been a commercial millwork manufacturer and subcontractor since 1966. It currently maintains offices for administrative and construction professionals in San Diego and operates a 65,000-square-foot manufacturing facility in Tijuana, Mexico.
Neurosciences Institute to Hold Giant
Auction of Equipment Aug. 9-16
Nearly 400 lots of equipment — including scientific instruments, disposables and furniture from the Neurosciences Institute in La Jolla — will be auctioned by auctioneer BioSurplus between Aug. 9 and 16. An on-site auction viewing will be held Aug. 7-8 from 10 a.m. to 6 p.m. on both days at the institute at 10640 John Jay Hopkins Drive, San Diego. Auction items will include two 10×10-foot soundproof rooms, -80 freezers, a Leica 2000R microtome, a Zeiss Axioskope microscope, an FPLC system, many incubators, scales, electrophoresis items, everyday bench top items and more. The institute, which was founded in New York in 1981 and relocated to La Jolla in 1993, is shutting down its lab spaces.
Exploring Wine Course to be Offered
By SDSD College of Extended Studies
Exploring Wine, the required introductory course in the Professional Certificate in the Business of Wine program at SDSU’s College of Extended Studies, will be held on Mondays between Aug. 20 and Sept. 24 from 6 to 9 p.m. The instructor is Lisa Redwine, advanced sommelier, the second-highest distinction possible by the Court of Sommeliers. Redwine is the food and beverage manager for The Marine Room and the La Jolla Beach and Tennis Club. The Exploring Wine class covers topics such as history, grape varietals, viticulture, language and labeling and tastings. Guest speakers from the wine industry will offer their expertise. Cost of the course is $299 or $329 after Aug. 13. For more information, call (619) 594-6924.
SharePoint360, a consulting firm providing technology services and software, has appointed Doug Eveland as chief technology officer. Eveland will work with parent company Gafcon to bring technology solutions to Gafcon’s projects. Eveland has more than 30 years of experience specializing in software development, team building and database technologies.
Small Business Workshops
• Aug. 7 – Financing Your Business – 9 a.m. to noon at SCORE Entrepreneur Center (550 West C St., No. 550, San Diego 92101; pre-paid registration $29, $39 at the door).
• Aug. 8 – Import / Export – 9 a.m. to 4 p.m. at National University – Kearny Mesa (9388 Lightwave Ave., San Diego 92123; pre-paid registration $69, $79 at the door).
• Aug. 9 – Build Your Business Through Search Engine Optimization – 9 a.m. to 3 p.m. at National University – Kearny Mesa (9388 Lightwave Ave., San Diego 92123; pre-paid registration $69, $79 at the door).
• Aug. 10 – Start-Up Essentials – 9 a.m. to 4 p.m. at National University – Kearny Mesa (9388 Lightwave Ave., San Diego 92123; pre-paid registration $69, $79 at the door).
For more information, call SCORE San Diego at (619) 557-7272.
The Daily Business Report is produced by SD METRO. Contact: Manny Cruz (619) 287-1865. firstname.lastname@example.org.