February 2008

JN+A Opens Carlsbad Office

by The Editors on February 4, 2008

Jna

From the PR Newswire:

Jonathan Nehmer + Associates (JN+A), one of the world’s leading hospitality architecture, design and project management firms, today announced that it has opened a West Coast office to better serve western and northwestern projects, as well as a growing number of clients in Hawaii and the Pacific Rim, most notably China and India. The new office, located in Carlsbad, Calif., will be led by David Winkler, Vice President.

Welcome to Carlbadistan, Mr. Winkler.

[Link: PR Newswire]

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HedgeWorks Sold To Deutsche Bank

by The Editors on February 3, 2008

HedgeWorks LLC, the Carlsbad-based company that provides administrative services for more than 100 hedge funds was sold to Deutsche Bank AG (Germany’s largest bank) for an undisclosed amount.

The acquisition enables us to further strengthen our service offering to the hedge fund industry, where Deutsche Bank already has strong relationships,” said F. Jim Della Sala, head of structured finance services.

We’re guessing some HedgeWorks investors are smiling right now. Nice exit.

[Link: Bloomberg.com]

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Strawberry Fields Future Plans

by The Editors on February 3, 2008

Since we never figured out what Proposition D was about, or what it means to the land (some of which is currently home to the strawberry fields) we probably should have attended this “public workshop” that was held last Friday to discuss the future of 300 acres along Cannon Road near the Lagoon.

He said a public market and amphitheater could round out the project and create an attractive gathering place, which has been mentioned as a possible use for the land. He displayed large pictures of similar projects, such as Seattle’s Pike Place Fish Market, to illustrate the concept. “This is an area already surrounded by entertainment, commercial and business (uses),” Calkins said, noting that it is near the Carlsbad Premium Outlets, the Flower Fields and Legoland California.

Click the link for all the details.

[Link: San Diego Union-Tribune]

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Coke Truck Flips On 5

by The Editors on February 3, 2008

That big Northbound traffic jam Friday night was caused by a Coca-Cola hauling tractor-trailer rig that flipped near Batiquitos Lagoon.

The truck ran off the northbound freeway shoulder north of La Costa Avenue shortly before 5 p.m. and flipped onto its side. . . The California Highway Patrol closed two traffic lanes, forcing motorists to a crawl as far south as San Diego for nearly two hours. By 10 p.m., speeds were still in the single-digits past the wreck.

We’re just glad we ride the Coaster.

[Link: San Diego Union-Tribune]

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Carlsbad’s Youth Of The Year

by The Editors on February 1, 2008

MyriamFrom Today’s Local News:

In March 2006, at age 16, Myriam Rodriguez was arrested in connection with punching a police officer in the face, she said. In order to have the charges dropped, Myriam was sent to the Boys & Girls Club in Carlsbad to participate in the Gangbusters program.

On Jan. 24, Myriam was honored as the 2007 Youth of the Year at the Eighth annual Boys & Girls Clubs of Carlsbad Super Star Recognition Dinner at the Village branch location.

“I was just extremely happy about it. I don’t know how to explain it, just a really happy moment,” she said.

Congratulations to Myriam and the Carlsbad Goys & Girls Club.

[Link: Today’s Local News]

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Callaway Loses $16.2 Million Last Quarter

by The Editors on February 1, 2008

In reporting the quarter ended December 31, 2007, Callaway Golf Company has lost $6 million more than it lost for the same quarter last year. But apparently, this is no problem for the Carlsbad company.

Despite the larger loss in the year-over-year quarter, Callaway reported improved earnings for 2007 compared to 2006. In 2007, Callaway earned $54.6 million, or 81 cents per share. In 2006, Callaway earned $23.3 million, or 34 cents per share.

Great, revenues are up. Now they just have to figure out that profit thing.

[Link: North County Times]

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Lego Celebrates 50 Years of Blocking

by The Editors on February 1, 2008

Lego 0128Our Carlsbadistan Legoland park may not be owned by the company that founded it, but that doesn’t stop us from celebrating a little knowing that our favorite locking block company has turned the ripe old age of 50. Lego blocks have become metaphor for so much more than kids toys. They have changed the way software is developed, the way pre-fab housing is manufactured, and much, much, more. They’ve even changed our afternoon traffic patterns thanks to the daily Cannon Road cluster.

The basic eight-stud red Lego brick was first sold in Denmark in 1949. But it took a further nine years for Ole Kirk’s son, Godtfred Kirk, to file the patent for the versatile “Automatic Binding Brick” with its interlocking 2×4 studs. The plastic bricks are part of a unique system: tiny tubes inside give the knobs on top of other blocks more places to grip. They hold together well but can be taken apart easily by a child. And consistency has been key: the bricks produced today have the same bumps and holes, and can still interlock with those produced back in 1958. Fifty years on and the Lego Group is the world’s fifth largest toymaker in terms of sales, after Mattel, Hasbro, Bandai and MGA Entertainment.

Click the link below for Time Magazine’s coverage of this big birthday.

[Link: Time]

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