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Daily Business Report: April 29, 2024, San Diego Metro Magazine

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Daily Business Report: April 29, 2024, San Diego Metro Magazine


Coming next to Downtown’s Embarcadero — a 5.7-acre

over-the-water park next to the USS Midway Museum

Freedom Park will be a tribute to San Diego’s military history

Sometime in early 2028, a 5.7-acre over-the-water park will be opened alongside the USS Midway Museum on the Downtown Embarcadero — a tribute to the San Diego region’s rich military history.

On its completion, Freedom Park will boast an array of features, including nature gardens, memorials and monuments, play elements, and concessionaires. Developed by the USS Midway Museum and the Port of San Diego, Freedom Park’s overall design will be handled by RICK, a San Diego company formerly called Rick Engineering Company.

RICK is the prime design consultant for the park and will be responsible for developing all civil engineering and landscape architecture. Sub-consultants involved on the engineering, landscape architecture team include BSE Engineering, Triton, Engineers, Ninyo & Moore, and Wimmer, Yamada & Caughey — all from San Diego, and Gallagher and Associates of Virginia Beach, Virginia.

“Visitors will enjoy the beautiful surroundings but have no idea about the complex engineering that made it all possible,” says Nick A. Dorner, RICK’s project manager for Freedom Park, responsible for the extensive coordination of the project.

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“This is among California’s most structurally complex over-the-water parks,” Dorner said. “In a typical park, engineers have unlimited space below ground to position water, sewer, electrical, communications and storm drain systems.  At Freedom Park, we have minimal space to contain all the infrastructure.  Everything must fit together seamlessly.”

Top Photo: A rendering of Freedom Park.

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Saab selects San Diego as U.S. innovation hub


Swedish defense industrial giant Saab’s U.S. subsidiary is opening an innovation hub in San Diego named Skapa, the company’s president and CEO said in an interview April 24. “We have innovation hubs in Sweden and one in the U.K, so we thought, ‘Why don’t we set something up in the U.S.?’” Saab President and CEO Micael Johansson told National Defense in a phone interview.
Skapa is Swedish for “to create, to make, to shape,” a press release said.
Having an innovation hub in the United States will pave the way for research opportunities with Saab’s U.S. customers as well as government organizations such as the Defense Advanced Research Projects Agency, Johansson said. “It will help us quickly get traction in the U.S., and that is quite attractive to us,” he added.

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State awards $120 million in tax credits to eight

companies to generate more than 2,000 full-time jobs

The state has awarded $120 million in tax credits to eight innovative companies in California that will generate more than 2,100 full-time jobs with an average annual salary of over $100,000, and bring in an estimated $15.5 billion in private investment over the next five years.

The funding, from the Governor’s Office of Business and Economic Development’s (GO-Biz) California Competes program, is going to companies expanding their operations in California and supporting the type of cutting-edge industries that the state is known for.

One of those companies is Controlled Thermal Resources, which received a $30 million tax credit to help construct a facility near the Salton Sea to sustainably extract lithium and other critical minerals from geothermal brine in Imperial County.

The other companies and their tax credit:

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Pacific Steel Group: $30 million

Moxion Power Co.: $25 million

Elve Inc.: $15 million

MicroVention Inc.: $7,500,000

Tau Motors Inc.: $7 million

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Paired Power Inc.: $3,500,000

Juanita’s Foods: $2 million

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A new California ruling tries to hold down your health care costs.

Here’s how it works

A nurse checks on a patient in the emergency room unit of Hazel Hawkins Memorial Hospital in Hollister on March 30, 2023. (Photo by Larry Valenzuela, CalMatters/CatchLight Local)

By Kristen Hwang | CalMatters

You won’t notice it right away, but a new California state agency took a major step last week toward reining in the seemingly uncontrollable costs of health care.

The Office of Health Care Affordability  approved the state’s first cap on health industry spending increases, limiting growth to 3 percent by 2029. This means that hospitals, doctors and health insurers will need to find ways to cut costs to prevent annual per capita spending from exceeding the target. Between 2015 and 2020, per capita health spending in California grew more than 5 percent each year, according to federal data.

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A board appointed by Gov. Gavin Newsom and the Legislature on April 17 approved the new regulations in a 6-1 vote.

Health and Human Secretary Dr. Mark Ghaly, who chairs the board, said the regulations recognize that Californians are struggling every day to pay for health care  and the state has a role in helping them. “We have a place in making sure it becomes more affordable,” Ghaly said.

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Carlsbad to build solar energy farm at Maerkle Reservoir

Carlsbad is working with consultants and industry experts to build a solar energy farm on 30 to 40 acres the city owns at the Maerkle Reservoir.

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The Carlsbad Municipal Water District recently completed a feasibility study and is on track to select a development partner by the end of the year, Intergovernmental Affairs Director Jason Haber said Tuesday at a meeting of the Carlsbad City Council, which oversees the water district.

The reservoir covers about 17 acres of the district’s property in a little-seen eastern corner of the city near the border with Oceanside and Vista. The photovoltaic panels would be installed on vacant property the district owns just north of the reservoir.

Up to 8 megawatts could be generated by the system, said the city’s Senior Engineer Keri Martinez. A single megawatt is to supply 650 average homes annually, according to SDG&E.

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Mahesh Krishnan elected to Halozyme’s Board of Directors

Halozyme Therapeutics Inc. announced the election of Mahesh Krishnan, M.D. to its board of directors. Dr. Krishnan has more than 20 years of experience in health care, biotechnology and health services. Dr. Krishnan currently serves as group vice president of growth at DaVita Inc., one of the largest providers of kidney care services in the U.S. He was co-lead of the DaVita Venture Group, where he oversaw strategic partnerships in technology and research and development within the organization.

Sempra named a Best Employer for Diversity by Forbes

Sempra has been named to Forbes Best Employers for Diversity in 2024, marking the sixth consecutive year the company has earned a spot on the annual list recognizing strong workforce development and employee engagement practices. The Best Employers for Diversity 2024, presented by Forbes and Statista Inc., were identified in an independent survey from a sample of over 170,000 U.S.-based employees working for companies employing at least 1,000 people within the U.S.

Cetera names Michael Molnar head of corporate development

Cetera Finanial Group, he premier financial advisor Wealth Hub, has named Michael Molnar its head of corporate development. Molner, a Wall Street veteran who has been a buy-side investor, an investment banker and a sell-side analyst, previously led corporate development, M&A and succession planning for Avantax Inc., acquired by Cetera Holdings in November 2023. Molnar orchestrated more than 20 acquisitions that helped nearly double the size of Avantax’s employee-based RIA.

Finopotamus launches the 2024-25 Payments Industry Leaders Forum

Finopotamus, the only online resource providing in-depth technology coverage exclusively to credit unions, announced the launch of the inaugural Payments Industry Leaders Forum, the second in a Finopotamus series of knowledge portals focused on key industry topics. The publication’s first offering, the Digital Banking Industry Leaders Forum, was launched in Q4 of 2023. Finopotamus was created by industry veterans W.B. King, John San Filippo, and Roy Urrico.

Provisio Medical announces FDA clearance of Provisio SLT IVUS system

Provisio Medical announced FDA clearance of the Provisio SLT IVUS System. Sonic Lumen Tomography (SLT) technology addresses a critical unmet need for vascular specialists by providing automatic, real-time, accurate, numeric measurements of the flow lumen of blood vessels without the complexities of image interpretation. Provisio Medical’s catheter is the world’s first integrated intravascular imaging and support crossing catheter and enables vessel lumen measurement and visualization simultaneously.

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Alaska Airlines expands presence in Southern California

Alaska Airlines is expanding service at two of its major hubs in Southern California with new routes and additional capacity to popular West Coast destinations as part of the carrier’s ongoing commitment to growth in the state. It will add its 39th nonstop destination from San Diego with service to Las Vegas. It also will start new service between Los Angeles and Pasco, and bring back guest favorite Los Angeles to Reno.

COOLA celebrates 20 years of innovation

COOLA has been creating organic, innovative suncare for 20 years. As sunscreen and skincare consumers have evolved, COOLA is making a move to ensure its packaging fully represents its future. Building beyond its lifestyle-brand legacy, COOLA is looking to reflect its expertise and superiority in SPF by revealing a brand-new look that conveys its focus on efficacy and innovation while still embracing its organic, Southern California heritage.

Polaris unleashes lineup of cordless cleaners to meet every need

Polaris, the leading manufacturer of premium automatic pool cleaners, has added to its robotic offering with a new lineup of cordless cleaners to accommodate any backyard pool or spa. The Polaris Freedom, which debuted last spring, was the first Cordless Robotic Pool Cleaner launched by the iconic brand. Now Polaris builds on the success of FREEDOM with the advanced FREEDOM Plus, PIXEL and the groundbreaking new Spabot cleaners.

LUXE Bidet named Hermes Creative Awards 2024 Gold winner

LUXE Bidet, the #1 bidet attachment provider in America, shared its recent success at the esteemed Hermes Creative Awards for its project “LUXE Bidet – Good Clean Fun,” featuring a host-read with Conan O’Brien. The company’s advertisement, led by Conan O’Brien, has been honored as a 2024 Gold Winner, signifying a remarkable achievement in creative excellence and industry recognition. LUXE Bidet celebrates winning the 2024 Hermes Creative Gold Award for its exceptional bidet attachment project.

Oberon Fuels and Sunvapor commission solar steam project

Oberon Fuels, a renewable fuels producer, and Sunvapor, a renewaboe heat provider, commissioned a solar steam project under the first purchase agreement in the U.S. for industrial solar steam. This agreement will eliminate upfront capital requirements to deploy solar steam, while enabling Oberon to as much as double output capacity and slash the carbon intensity of renewable fuels — critical for industrial customers seeking renewable fuels to achieve pressing net-zero commitments.

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Wildcat receives 100th patent for battery materials innovation and technology

Battery materials pioneer Wildcat Discovery Technologies announced it received its 100th patent, reinforcing its industry-leading innovation and advancing its strategy for U.S.-based cathode materials manufacturing. Wildcat has been developing battery materials since 2006 and plans to build a plant in the United States to manufacture lithium iron phosphate (LFP) in late 2026, lithium manganese iron phosphate (LMFP) in 2027, and disordered rock salt (DRX) in 2028. The company has received patents for cathode active materials (CAM) innovations, novel electrolytes and anodes, and various other battery-related technologies.



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New Venues in San Diego for Spring 2026 Meetings and Events

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New Venues in San Diego for Spring 2026 Meetings and Events


Here’s a closer look at San Diego’s newest eateries, drinking spots, hotels, conference areas, private rooms, and other spaces available for events this spring. The new and renovated San Diego venues are available for corporate parties, weddings, fundraisers, outdoor functions, business dinners, team-building activities, conferences, meetings, and more.

Roppongi Restaurant & Lounge

Roppongi Restaurant & Lounge has debuted a redesigned dining and lounge space in the heart of La Jolla, blending modern elegance with globally inspired design. Led by restaurateur Sami Ladeki, the venue features standout elements like a gold-brushed statement wall, sculptural ceiling installations by Milan-based artist Mirei Monticello, a dramatic fireplace framed by Buddha statues, and a leathered quartzite bar that anchors the space. The 5,700-square-foot restaurant accommodates up to 230 guests seated or 300 reception-style, with full buyouts available, plus a covered patio with heaters that extends the footprint for year-round events. Additional options include a 12-seat private dining room and two semiprivate spaces for 18 and 34 guests. Executive chef Alfie Szeprethy leads a globally inspired, shareable menu—from sushi and dumplings to wok-fired dishes and signature plates like Polynesian Crab Stack and Japanese hot rock steak—paired with a beverage program featuring premium sake, wine, and craft cocktails.

Bonne Vie Brasserie & Bar

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Bonne Vie Brasserie & Bar debuted in November 2025 at The Westgate Hotel in San Diego’s Gaslamp Quarter, offering a design-forward dining destination that blends French culinary tradition with a relaxed California sensibility. Designed by Jacoi Mann, the space features deep blue and gold tones, velvet seating, and softly lit chandeliers, creating a setting that feels both polished and inviting for group dining and social gatherings. The all-day concept is led by executive chef Fabrice Hardel, whose menu reimagines classic French dishes with locally sourced ingredients, from Burgundy escargot and French onion soup to seafood specialties and modern American-inspired plates. Overall, the 222-room Westgate Hotel has 12 meeting and event spaces and four culinary concepts.

Diamond Room

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Diamond Room opened in January inside the historic Simon Levi Building at Gallagher Square in San Diego’s Petco Park, bringing an intimate, retro-chic cocktail experience to the Ballpark District. Developed by Patina Group and Finest Collective—the newly rebranded events and hospitality division of the San Diego Padres—the 50-seat lounge channels a late-1970s aesthetic with velvet, leather, mirrors, and a disco ball, creating a moody, design-forward setting for small gatherings and VIP events. The cocktail program focuses on elevated classics with a local twist—like a clarified margarita and a nitro-infused Garibaldi—while a menu of shareable bites complements the experience. The venue also offers interactive “Shaken & Stirred” mixology classes for small groups. Located steps from the Gaslamp Quarter, the space is available for buyouts and group bookings.

Dora Ristorante

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Dora Ristorante opened near the La Jolla Playhouse at UC San Diego, bringing a coastal Italian dining concept from the team behind Cori Trattoria to the city’s theater district. Led by chef Accursio Lota, the restaurant draws inspiration from southern Italy with a California twist, featuring handmade pastas, Mediterranean seafood, and a house gelato program designed for sharing. Located steps from the theater, Dora offers a pre-theater dining experience with a rotating three-course menu inspired by current productions, as well as options for full-service dinners and wine pairings. The venue includes multiple event spaces, from a 14- to 16-seat private dining room to a main dining room, bar lounge, and patio, with full buyouts accommodating up to 130 seated or 180 guests for receptions.

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Paradise Point Resort & Spa 

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Paradise Point Resort & Spa has completed a full renovation of its conference center, reimagining more than 60,000 square feet of indoor and outdoor meeting space with a coastal-inspired design and enhanced technology. Located on a 44-acre island in Mission Bay, the refreshed venues—including the Paradise Ballroom, Sunset Ballroom, and Mission Bay Ballroom—feature abundant natural light, flexible layouts, and seamless indoor-outdoor flow, with many spaces opening onto waterfront terraces or lawns. Upgrades include integrated lighting, advanced AV capabilities, and high-speed connectivity to support both in-person and hybrid events, alongside sustainability-focused enhancements like LED lighting and eco-conscious materials. Beyond the meeting rooms, groups can take advantage of on-site amenities such as waterfront dining, a full-service spa, five pools, and beachside activities.

Fox Point Farms

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Fox Point Farms in Encinitas is a newly developed regenerative farm and event destination designed for immersive, multi-moment gatherings. The multi-acre working property blends indoor and outdoor venues with on-site food and beverage programs, live music capabilities, and a strong emphasis on sustainability and seasonality, allowing events to flow between gardens, fields, and dining spaces. The venue has already hosted corporate buyouts, private celebrations, and large-scale gatherings, with programming that integrates food, drink, and environment in a way that feels cohesive and place-driven. A standout feature for planners is the on-site wellness studio, which offers private group classes ranging from yoga and Pilates to sound healing and mindfulness.

Wedgewood Weddings at The Headquarters

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Wedgewood Weddings at The Headquarters has debuted in San Diego’s Seaport Village, transforming the city’s historic 1939 police headquarters into a 15,000-square-foot event venue that blends art deco heritage with modern design. The waterfront property features a range of flexible spaces for meetings and social events, including the Velvet Lounge, a speakeasy-inspired cocktail space with a circular bar and jewel-toned finishes, and the Gilded Hall, which accommodates up to 280 guests seated beneath exposed beams and statement chandeliers. Additional highlights include two VIP suites—The Rose Room and The Vault—designed for pre-event gatherings and photo moments. Located minutes from the San Diego Convention Center and airport, the venue offers a turnkey option for corporate events, galas, and celebrations within a landmark setting.

Courtyard by Marriott San Diego Downtown Little Italy

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Courtyard by Marriott San Diego Downtown Little Italy opened in November 2025, bringing a 334-room hotel with design-forward suites and more than 10,000 square feet of event space to one of the city’s most vibrant neighborhoods. Located in the heart of Little Italy, the property offers a range of flexible venues—including the Amici Ballroom and Cardini Boardroom—suited for everything from intimate receptions to conferences. Guest accommodations include spacious, townhouse-style suites with features like lofted layouts, Juliet balconies, and dedicated living areas. On-site amenities include Orexi, a Mediterranean-California restaurant serving shareable plates and cocktails, along with a rooftop Skydeck pool, sunset terrace with a fireplace, and a fitness center with Peloton bikes. 

Ox Coffee Roasters 

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Ox Coffee Roasters in Mission Valley is now offering its storefront for private events, providing a casual, community-driven setting for small gatherings and interactive experiences. Located near several convention hotels, the venue accommodates up to 40 guests and can host everything from morning mixers to hands-on latte art classes and coffee tastings led by resident expert Chris Dennis, a competitor in national roasting competitions like the U.S. Brewers Cup Championship. In addition to its coffee program, Ox serves tea, including matcha, and a small menu of pastries and light bites, making it a flexible option for low-key networking events, workshops, and group experiences.

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Bacari North Park 

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Bacari North Park opened in February, marking the San Diego debut of the LA-born, family-owned Mediterranean wine bar in one of North Park’s most recognizable two-story buildings. Known for its shareable, seasonally rotating menu, Bacari offers Mediterranean-inspired small plates, wood-fired pizzas, handmade pastas, and an extensive wine list in a setting designed to feel like an elevated dinner party. The new location spans two levels plus an outdoor patio, making it a flexible option for group dining, receptions, and full buyouts.

NÓMADA

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NÓMADA opened in Carlsbad from Grand Restaurant Group, bringing a regionally driven Mexican dining concept inspired by chef Alex Carballo’s Sinaloan roots and travels throughout Mexico’s coastal and agricultural regions. The menu highlights traditional techniques with a focus on coastal seafood, featuring dishes like Birria Chimichanga Bites, Duck Mole Taco Trio, and Cochinita Pibil. Designed for gatherings, the restaurant offers a mix of indoor dining rooms, an open-air patio, and a lively bar with a live music stage, creating a flexible setting for group dining, celebrations, and private events.

Life Time Otay Ranch

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Life Time Otay Ranch opened in December 2025 in Chula Vista as the brand’s first San Diego-area destination built from the ground up, bringing a 150,000-square-foot athletic country club and wellness-focused gathering space to South County. Designed as a two-level, all-in-one lifestyle hub, the property features a 26,000-square-foot workout floor, dedicated group training studios, indoor and outdoor pickleball courts, and a more than 50,000-square-foot outdoor beach club with pools, dining, and lounge areas. In addition to fitness and recreation, the venue includes a Kids Academy, LifeSpa, and LifeCafe, making it a versatile option for wellness-driven corporate events, team-building experiences, and community-focused gatherings.





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Sir Mohamed Mansour brought a global movement to San Diego, and nearly won MLS Cup in Year 1

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Sir Mohamed Mansour brought a global movement to San Diego, and nearly won MLS Cup in Year 1


As Sir Mohamed Mansour was finalizing a deal with the Sycuan Band of the Kumeyaay Nation to invest in San Diego FC in 2022, he reflected on their combined history. The Sycuan said they’d lived in the San Diego region for 12,000 years. Mansour looked to his own Egyptian culture’s 7,000-year existence.

“If we have 19,000 years of history we can’t lose,” said the 78-year-old.

When San Diego FC finally lost in the 2025 MLS Cup playoffs, it was in the Western Conference finals, capping the best debut season in the league’s history. Mansour spoke about the experience Thursday morning during the Business of Soccer conference at Mercedes-Benz Stadium in Atlanta.

“The first game, to me, meant everything. That night was a sleepless night because I’m very passionate about soccer,” he said.

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Mansour would have settled for a respectable loss; they were playing defending MLS Cup champs L.A. Galaxy. But San Diego FC scored twice unanswered, winning the opener. And another sleepless night ensued.

Mansour discussed early life health issues, including being hit by a car when he was 10 years old, which left him bed-ridden for three years. He read American comic books and studied. His family’s wealth was confiscated by the Egyptian government during a 1965 revolution, and he later beat cancer as a 20-year-old while studying in the U.S.

Now the billionaire chairman of Mansour Group, an Egyptian conglomerate owned by his family, Mansour is also chairman of the Right To Dream Academy, which has made San Diego its fifth outpost. San Diego FC’s $150M Sharp HealthCare Performance Center includes residences and a school for Right To Dream participants in the club’s academy system. Mansour mentioned his plans to construct 100 pitches for underprivileged kids in San Diego.

“We are more than a football academy. We’re a global movement, built upon the belief that everyone has the right to dream,” said Mansour. “We’ve been rewriting the rules of talent development for over 20 years, guided by our core belief that excellence can be found anywhere.”

While creating hundreds of opportunities for children in underdeveloped countries, Right to Dream has generated tens of millions of euros in transfer fees for clubs within the network.

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Mansour, who graduated from N.C. State in 1968 with an engineering degree and then earned a Masters’ from Auburn, differs from many MLS owners because he is a native soccer fan, he had extensive soccer business experience, and even an idea of how he’d like his team to play (possession-based).

Asked which he’d prefer — for Egypt to win the World Cup or San Diego FC to win MLS Cup — Mansour answered the United States (to win the World Cup) and San Diego FC to win MLS Cup.

“I tell you why. I’m a businessman too,” he said, grinning. “And if the US does well in this World Cup, soccer is going to grow.”


Rapid fire with Sir Mohamed Mansour

Comic book hero: Superman

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Kryptonite: Worrying

Favorite athlete: Michael Jordan

Favorite soccer player: Mohamed Salah

Childhood hero: His father



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3 San Diego State players who won’t be on the roster in the 2026–27 season

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3 San Diego State players who won’t be on the roster in the 2026–27 season


The San Diego State Aztecs are bracing for some possible serious turnover this offseason and it’s not all going to be via the transfer portal. 

Leading scorer Reese Dixon-Waters is out of eligibility, as are Jeremiah Oden and Sean Newman Jr. Newman can petition for another season based on his junior college years, but it’s anyone’s guess if he’d get it.

Obviously, San Diego State’s roster movement is far from complete and the transfer portal doesn’t even open until April 7, the day after the national championship game. 

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The Aztecs’ once-promising season ended when they were left out of the NCAA Tournament following their loss to Utah State in the Mountain West Tournament championship game.

There are some players we know will not be on the squad next season, which will be the Aztecs’ first in the new-look Pac-12:

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Guard Reese Dixon-Waters

San Diego State Aztecs guard Reese Dixon-Waters (39). | Mark J. Rebilas-Imagn Images

After missing all of the 2024-25 season with a broken foot, Dixon-Waters returned for his final season of eligibility and led the Aztecs in scoring at 13.1 points per game. He was a second-team All-Mountain West pick. He scored his 1,000th career point at UNLV on Jan. 24 and finished his career with 1,220 points. 

Dixon-Waters played his first three seasons at USC before transferring to SDSU, where he started 23 of 37 games in 2023-24. He was a preseason All-Mountain West pick the next season before breaking a foot. He was so highly regarded that, despite missing all of last season, he was named to the preseason All-MW team in October. 

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One of his notable accomplishments was attempting more free throws (43) without a miss to start the 2023-24 season than any player in the country.

Forward Jeremiah Oden

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San Diego State Aztecs forward Jeremiah Oden (25). | Isaiah J. Downing-Imagn Images

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Oden started 15 games and played in 30 of 33 games in his final season of eligibility after transferring from Charlotte, where he redshirted in 2024-25. He averaged 4.6 points, 2.3 rebounds and 13.8 minutes. 

Oden scored his 1,000th career point on Feb. 3 against Wyoming, where he played his first three college seasons. He finished his career with 1,024 points and 495 rebounds. 

Oden didn’t play at all in a blowout home win against Utah State on Feb. 25, when Dutcher shortened his rotation from 11 to nine players. He had started the previous nine games. 

Oden also played one season at DePaul.

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Guard Sean Newman Jr. 

San Diego State Aztecs guard Sean Newman Jr. (4). | Mark J. Rebilas-Imagn Images
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The transfer from Louisiana Tech played in all 33 games and made four starts, including Senior Night in the regular-season finale against UNLV and all three games in the MW tournament, when freshman Elzie Harrington was out with an injury. 

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Newman averaged 3.3 points, 2.4 assists and 15.4 minutes. 



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