San Diego News

Fri, Feb 27, 2015

(Bloomberg) -- U.S. stock-index futures were little changed, with the Standard & Poor’s 500 Index heading for the biggest monthly gain since 2011, as data showed the economy expanded at a slower pace in the fourth quarter than previously reported.

The U.S. economy slowed more sharply in the final three months of the year than previously believed, reflecting weaker business stockpiling and a bigger trade deficit. The slowdown is expected to be temporary as economists are still optimistic that growth will post a solid rebound in 2015.

(Bloomberg) -- U.S. crude’s discount to European prices headed for a record widening in dollar terms this month as prices at $50 a barrel failed to slow the nation’s fastest oil output in more than three decades.

Thu, Feb 26, 2015

Plans are moving ahead on a mixed-use project in the East Village.

Both sides in the battle over the future of the former Escondido Country Club site made their last pitches Thursday to the judge who will decide whether to invalidate a general plan amendment declaring the property as open space.

Cuyamaca College economics professor Anthony Zambelli has won the Roy L. Erickson Civic Education Award from the California Council for the Social Studies, an annual honor given to educators, community leaders or legislators for promoting civic education in California schools.

Small-business owners throughout the West Coast are the most optimistic they have been in four years, with a record-breaking 90 percent believing their businesses are headed in the right direction, according to an annual survey of small businesses conducted by Union Bank.

As San Diego County runs out of open land to develop, neighborhoods are likely to change as they grow and become more diversified. But as this transformation takes place, there are stories to be told not just about a neighborhood, but through it, as it is redesigned.

Solatube International Inc., a manufacturer and marketer of Tubular Daylighting Devices (TDDs) based in Vista, has named Howard Holko as its vice president of business development.

The first Dodge Data & Analytics monthly building construction report for 2015 shows new nonresidential building contracts resulted in larger procurements compared to new residential contracts -- a familiar pattern for the San Diego area.

More than 11,000 homes in the San Diego-Carlsbad region are at high risk for wildfire damage, according to CoreLogic.

Palm Beach, Fla.-based Chatham Lodging Trust (NYSE: CLDT) says it has acquired the 240-room Residence Inn San Diego Downtown-Gaslamp Quarter for a reported $90 million or $375,000 per room.


Two San Diego-based biopharmaceutical companies were awarded a joint $225,000 Small Business Innovative Research grant for initial development of a new immunotherapy for brain cancer.


San Diego-based Epic Sciences announced the appointment of Chris Bernard as chief commercial officer.

Sempra Energy (NYSE: SRE) reported 2014 earnings of $1.16 billion, or $4.63 per share, and fourth-quarter earnings of $297 million, or $1.18 per share.

Global stocks were mostly higher Thursday on upbeat corporate earnings and rising Chinese factory output after the chairwoman of the U.S. Federal Reserve said it will be patient about increasing interest rates.

Cytori Therapeutics Inc. announced that it received FDA approval to expand the number of Scleroderma clinical trial sites to 20 from 12 centers in the United States, and Illumina Inc. announced its new Illumina Accelerator Boost Capital has secured an initial capital commitment of $40 million from Viking Global Investors, a privately owned, global investment firm, according to company announcements, SEC filings and Bloomberg News.

The following "Local Notes" appeared in The Daily Transcript's February 27, 1916 issue:

Rudolph and Sletten recently completed concrete pours totaling more than 16,300-cubic yards for the mat foundation at the new San Diego Central Courthouse.

The 264-suite former Sheraton located downtown at 701 A St., San Diego 92101, has been sold for $50,030,800.

More than 11,000 homes in the San Diego-Carlsbad region are at high risk for wildfire damage, according to CoreLogic.

Construction is completed on the new 383,000-square-foot Prebys Cardiovascular Institute and adjacent 26,000-square-foot central energy plant on the Scripps Memorial Hospital La Jolla campus at 9888 Genesee Ave.


Special Reports

Building San Diego - 2015

The nuts and bolts of construction in San Diego, from commercial and residential project updates to a review of how the industry is faring.

San Diego Stock Exchange

Best Performers

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Worst Performers

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Last Updated 2/26/2015


Grigoriadis, Dimitri E, O, Sold
No. of Shares: 20,000
Date Filed: 02/23/2015


Hannon, Jason M, GC, Sold
No. of Shares: 15,000
Date Filed: 02/17/2015


Moy, Jeffrey C, O, Sold
No. of Shares: 5,044
Date Filed: 02/17/2015


Lynch, Brian P, --, Options Exercised
No. of Shares: 31,368
Date Filed: 02/23/2015


Grigoriadis, Dimitri E, O, Options Exercised
No. of Shares: 20,000
Date Filed: 02/23/2015

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