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Daily Business Report — Sept. 8, 2014

Daily Business Report — Sept. 8, 2014

San Diego Center for Algae Biotechnology, a partnership led by UC San Diego, is developing innovative methods for converting algae into biofuels.

San Diego Hosts World’s Largest Algae Conference

San Diego will play host to the Algae Biomass Summit on Sept. 29, the largest algae conference in the world. This event brings current and future producers of biobased products and energy together with algae crop growers, municipal leaders, technology providers, equipment manufacturers, project developers, investors and policy makers.


Dennis McGinn, Assistant Secretary of the Navy

Dennis McGinn, Assistant Secretary of the Navy

Matt Carr, Director, Algae Biomass Organization

Matt Carr, Director, Algae Biomass Organization

Margaret McCormick, CEO, Matrix Genetics

Margaret McCormick, CEO, Matrix Genetics

James Levine, Sapphire Energy

James Levine, Sapphire Energy

Summit events will be held Sept. 29-Oct. 2 at the San Diego Marriott Marquis & Marina.

Attendees will be able to tour Algae Biomass Organization member companies Earthrise Nutritionals and Hyperlight Energy in the Imperial Valley. The tour is hosted by the Imperial Valley Economic Development Corp. and San Diego State University’s Brawley campus.

Tours also will be offered of Scripps Institution of Oceanography and the La Jolla Biotech Mesa complex, home of Sapphire Energy.


Click here for more details and registration.


Retailers stand to make millions for charging 10 cents apiece for paper sacks if the Legislature passes a ban on plastic bags. Photo: Kevork Djansezian, Getty Images

Retailers stand to make millions for charging 10 cents apiece for paper sacks if the Legislature passes a ban on plastic bags. Photo: Kevork Djansezian, Getty Images

California to be First State

To Ban Plastic Grocery Bags

The statewide bag ban that passed the legislature before Labor Day weekend will make California the first state in the country to outlaw plastic grocery bags, the U-T San Diego reports. Gov. Jerry Brown stated Thursday that he expects to sign the new law, which bans disposable plastic grocery bags starting in July 2015 and require stores to charge for paper bags.

The bill, SB 270, has been a long time coming, following a line of similar legislation that failed to pass checkout in Sacramento. This one made the cut partly because local bag bans in California have been working smoothly for years, said state Sen. Alex Padilla, who authored the legislation.

“As time has gone on, there have been more cities and counties that have adopted similar laws at the local level,” said Padilla, D-Los Angeles, who also sponsored an earlier bill that failed to pass. “It’s a matter of public policy trends. For those local jurisdictions, which have had this in place for a couple of years, we can look to success.”

Read more…


 Pacific Ridge Commerce Center will be renamed Sunwood Pacific Ridge by its new owner.

Pacific Ridge Commerce Center will be renamed Sunwood Pacific Ridge by its new owner.

Pacific Ridge Commerce Center Sold

CARLSBAD — Pacific Ridge Commerce Center, a 52,416-square-foot office and industrial park on Camino Vida in Carlsbad, has been sold for $5.8 million to Sunwood Pacific Ridge LLC ofSan Diego. The seller was the Betty Ann Robinson Trust.

The new owner plans renovations to the property and will rename it Sunwood Pacific Ridge. The property consistsw of a two-story office building and a multi-tenant industrial building with suites ranging from 1,000 to 3,000 square feet.

Cassidy Turley, the broker, said the property is designed to serve the entrepreneurial businesses that make up such a large part of the Carlsbad economy.

Escondido Apartments Sell for $10.8 Million

ESCONDIDO — The Tanglewood Apartment Homes, a 96-unit apartment building in Escondido, has been sold for $10.88 million to a Canada-based private investment group.  The seller was Chrismark LLC. Apartments at Tanglewood Apartment Homes feature linen closets, private patios and fully equipped kitchens with dishwashers and breakfast bars. Community amenities include a gated swimming pool and spa, a tennis court, a clubhouse with a pool table and kitchen area, abundant covered and open parking, two laundry facilities and spacious courtyard areas. Marcus & Millichap was the broker.

San Diego State Near Top of Best Value List

San Diego State University

San Diego State University

San Diego State University ranks in the top five of the nation’s “Best Bang for the Buck” national universities, according to Washington Monthly’s national college rankings. SDSU continues to rise to the top of the National Universities category, up two spots to No. 4 from last year, behind only University of Florida, Georgia Institute of Technology and University of North Carolina, Chapel Hill, with Texas A&M University rounding out the top five.

Washington Monthly’s “Bang for the Buck” rankings are based on the economic value students receive per dollar spent.

SDSU ranked No. 12 among all universities — 386 schools — in the Best Bang for the Buck category and No. 87 among 277 schools in the magazine’s overall National Universities rankings. Washington Monthly’s rankings are based on a school’s contribution to the public good in three broad categories: social mobility (recruiting and graduating low-income students), research (producing cutting-edge scholarship and Ph.D.’s), and service (encouraging students to give something back to their country).

UC San Diego to Collaborate with Tijuana University

UC San Diego has entered into an agreement aimed at increasing its collaboration among faculty and students with a Tijuana university, expanding on existing partnerships the La Jolla campus has with Mexican schools. Leaders of the Universidad Autónoma de Baja California and the University of California San Diego signed a memorandum of understanding that calls for students from both universities to engage in joint research projects and publications.

“Strategically this initiative is very important to our campus as we are located in an ideal space for cross-border collaborations with large student populations on both sides,” UCSD Chancellor Pradeep Khosla said in a statement. “Our unique location allows for the meaningful exchange of ideas and resources between our students and faculty.”

A Marine Corps MV-22 Osprey prepares to land on the flight deck of the USS America. (Navy photo)

A Marine Corps MV-22 Osprey prepares to land on the flight deck of the USS America. (Navy photo)

USS America Heads for San Diego

After Finishing Goodwill Tour

The new amphibious assault ship USS America is heading to San Diego after completing it’s “America Visits the Americas” goodwill tour. The 51,000-ton, “big deck” assault ship departed Callao, Peru, on Sept. 3. It was the final port visit on the ship’s maiden transit from Ingalls Shipbuilding in Pascagoula, Miss., to its home port of San Diego.

The crew visited Cartagena, Colombia; Guantanamo Bay, Cuba; Rio de Janeiro, Brazil; and Valparaiso, Chile before the stop in Peru.

While in Peru, the ship hosted a reception in the ship’s hangar bay for more than 300 guests. The distinguished guests included Brian A. Nichols, U.S. Ambassador to Peru; Gen. John F. Kelly, commander,  U.S. Southern Command; as well as senior Peruvian, U.S. government and military officials.

America is the first ship of its class, replacing the Tarawa-class of amphibious assault ships. As the next generation “big-deck” amphibious assault ship, America is optimized for aviation, capable of supporting current and future aircraft such as the tilt-rotor MV-22 Osprey and F-35B Joint Strike Fighter. The ship is scheduled to be ceremoniously commissioned Oct. 11.

— Times of San Diego

gap intelligence Acquires Quixel Research

Market research firm gap intelligence of San Diego has acquired market forecasting firm Quixel Research. The terms of the acquisition between the two privately-held companies were not disclosed. “Forecasting is underserved within market research. This acquisition not only enables us to dig deeper into today’s trends, but will influence our clients’ long-term strategies by helping them explain the ‘why,’” said gap intelligence founder and President Gary Peterson.

gap intelligence is focused on the information technology, consumer electronics, imaging and home appliance sectors.

Strategic Global Investments

To Acquire Television 101

CARLSBAD — Strategic Global Investments Inc. of Carlsbad has signed a Memorandum of Understanding with Television101 for the purchase of the company for a combination of cash and stock. Television 101 consists of a team of writers, directors, producers, cinematographers, and editors who develop and produce film, television shows, and commercial spots.

Strategic Global Investments produces Internet content, taped video shows in its studios in San Diego, where the productions can be stored and replayed on demand 24/7 through the company’s Content Management System.

Personnel Moves…

Elevator Hires Erika Ellis as Account Executive

Erika Ellis

Erika Ellis

Elevator, a Carlsbad-based creative agency, has hired Erika Ellis as an account executive. Ellis received a bachelor’s degree in communications/marketing from Western New England University in Springfield, Mass., and was a promotions assistant for a radio station and an account executive for the ABC and FOX affiliates.

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Voice Your Opinion

We Want Your Opinions on San Diego’s Big Issues In the coming months, Probosky Research (one of California’s leading opinion research firms) will continue its partnership with SD METRO to survey San Diego residents about topics of interest to our readers. We’d like to throw open the door for suggestions for topics. What do you want to know? What do you think you know, but aren’t sure? What are you certain you know, but want to prove it beyond doubt? Ideally, we’d like to see questions that have to do with public policy.

Some areas may include Mayor Filner’s first 100 days job performance, should the city be responsible for economic growth and the creation of new jobs, how important are infrastructure improvements to our daily lives (streets and bridges, etc.), how important is water independence, how satisfied are residents with public transit or how do city residents value Balboa Park and other open spaces? Do you believe the City Council should revive the Plaza de Panama plan for Balboa Park?

You can email Probolsky Research directly with your ideas: