Daily Business Report: Thursday, June 5, 2025
Tower 180 office building on Broadway set to become dual-branded Hyatt property
By Jennifer Vigil | Times of San Diego
Tower 180, a 25-story office building on Broadway in downtown San Diego, is slated to be transformed into a hospitality project featuring two Hyatt hotel brands.
The conversion, in collaboration with Hyatt Hotels Corp., represents one of the largest office-to-hospitality conversions in the history of Southern California, developers at J Street contend – at an expected cost of approximately $250 million.
Construction is slated to begin in early 2026 with completion expected about two years later.
Santee trucking company owner charged in $2M credit card fraud case
By City News Service
The owner of a Santee trucking company who allegedly opened multiple credit cards under other people’s names, causing over $2 million in losses to two banks, is facing federal bank fraud, money laundering and identity theft charges, the U.S. Attorney’s Office announced Tuesday.
Prosecutors allege Hasan Korkmaz, 44, owner and operator of San Diego Logistics Group, applied for credit card accounts using the personal identifying information of other people, including their names, dates of birth and Social Security numbers.
Those credit cards were then allegedly used to incur massive charges, including as high as $18,500 for one transaction. He’s also accused of restoring the cards’ credit limits by making fraudulent payments from nonexistent accounts or accounts with insufficient funds.
Resistance state: Tracking California’s lawsuits against the new Trump administration
By CalMatters Staff | CalMatters
Round 2 of California vs. Trump is well underway.
President Donald Trump signed a flurry of executive orders moments after being inaugurated president, and many of them could directly affect California.
These orders include revoking licenses for offshore wind which may shut down proposals off the coast of Humboldt County and Morro Bay, a more aggressive targeting of undocumented immigrants living throughout the state and a strong embrace of fossil fuels which could impact air quality standards, the state’s electric vehicle mandate and funding for green initiatives.
