Union Bank names investment managing director Union Bank, with East County branches in El Cajon, La Mesa, Rancho San Diego, Casa de Oro and Lemon Grove, has named R. Morgan Busalacchi as managing director and regional sales manager for UnionBanc Investment Services. The bank said she will oversee a team of financial advisors and provide a diverse range of investment services to clients from bank branches in the East County. Busalacchi, with 12 years of experience, was recently with Chase Wealth Management and JPMorgan Securities. She began her career in investment services in 2003 with American Express.
She has a bachelor’s degree from Indiana University. Napa Auto Parts replacing Wild Bill’s in El Cajon NAPA Auto Parts is opening a location on Broadway Avenue in El Cajon, the former site of Wild Bill's Western Emporium. NAPA Auto Parts signed a five-year, $576,840 lease for the 8,310-square-foot space at 1235 Broadway Ave., El Cajon. Wild Bill's Western Emporium, a longtime fixture on Broadway Avenue, has announced plans to relocate to a new location on Magnolia Avenue. Kyle Clark of The Heritage Group represented property owners Diane and William Smith in the lease negotiations. NAPA Auto Parts was represented by Mike Moser of Retail Insite. Sports Authority closing Grossmont Center store The Sports Authority store at Grossmont Center in La Mesa is among the approximately 140 stores that are set to close following the company’s recent Chapter 11 bankruptcy. The store closings may take up to three months, the company said.
The Englewood, Colo.-based chain, owned by Los Angeles-based private equity firm Leonard Green & Partners, will close or sell the stores, as well as two distribution centers, in Denver and Chicago. Prior to the bankruptcy filing, the company operated 463 stores in 41 states and Puerto Rico. Sport Authority's 40,000-square-foot property at Grossmont Center was considered one of the anchor tenants, along with Walmart, Target and Macy's. Retail industry analysts say the financial failure of the soon-to-be-liquidated Sports Authority, as well as its competitor Sport Chalet, is because shoppers no longer want sporting-goods chains that offer a little bit of everything, plus growing competition from online shopping. Experts also say today’s consumers focus more on service and specialization, avoiding retailers who offer too many products that cannot adequately be supported. La Mesa biotech firm signs license with Tijuana cancer center Regen BioPharma Inc. of La Mesa has announced it has signed a license agreement with Pan Am Cancer Treatment Center in Tijuana to test HemaXellerate, a cellular drug designed to heal damaged bone marrow. It is reportedly the first-in-human proof of concept study. Typically, bone marrow is damaged by chemotherapy, radiation therapy or diseases, such as anemia. Up to 10 patients with chemotherapy-induced aplastic anemia will be treated with HemaXellerate and outcomes will be measured at one, three and six months, the company said. Julio Selva Pallares, professor of clinical hematology at the Autonomous University of Baja California and director of its hematology transfusion unit. HemaXellerate is comprised of cells extracted from the patient’s own fat tissue and processed using a proprietary method to induce a biological response in the patient that heals damaged bone marrow and restores the body’s ability to generate healthy blood cells. Santee Chamber presents Santee Street Fair on May 28 The Santee Chamber of Commerce will present its 8th annual Santee Street Fair & Craft Beer Festival from 10 a.m. on Saturday, May 28, during Memorial Day weekend, at Riverview Parkway and Town Center Parkway, adjacent to Santee Trolley Square. With 30,000 people expected to attend the Santee Street Fair is considered one of East County’s largest one-day events. The Street Fair, with free admission, will feature 300 food and vendor booths, carnival rides, outdoor laser tag, two stages with live music and entertainment, along with a craft beer festival, crafters and artists. The Sheriff's Department will attend with a Search and Rescue unit and vehicle on display. Performers on the community stage will include Expressions Dance and Movement Center, Champion Gymnastics and Cheer, Staump Music School, Anna Vauss, The Contingencies, Cory Wilkens, City of Santee Recreational Services, Tumble and Wee Dance, Bob Warren, Pickwick Players and a Touch of Class Dance Studio. The craft beer festival will feature samples from many regional and local brewers, including Karl Strauss Brewing Co., Oggi’s Pizza and Brewing Co., Pacific Islander Beer Co., Sierra Nevada and BNS Brewing & Distilling Co. Food vendors include California Best Kettle, DoggosGus, Finest City Kettlecorn and Sweet Treats, Hunter Steakhouse, Kona-Ice of San Diego, Ledesmas Foods, Half a Haole, Matheny’s Wagon Works, Miister Potato, Rita’s Italian Ice, The Coffee Corner, The Cookie Lady and The Sweet Stop. Event sponsors include Lloyd’s Collision & Paint Center, Whissel Realty, CKO Kickboxing, SunFusion Solar, Walmart, Valley View Casino & Hotel and NewCarsInc.com. Tickets to the beer garden begin at $20 per person. For more information and to purchase pre-event wristbands for admission to the beer garden, visit www.SanteeStreetFair.com, or call (619) 449-6572. East County Chamber’s May breakfast at Cuyamaca College. The San Diego East County Chamber of Commerce will host its upcoming First Friday Breakfast starting at 7:15 a.m. on Friday, May 6, at Cuyamaca College, 900 Rancho San Diego Pkwy, El Cajon.
Breakfast sponsor is the Grossmont Union High School District (GUHSD). Speakers will include participating high school students from the Chamber’s Ethics in Business program. Now in its 25th year, Ethics in Busienss is a joint venture of the Chamber’s Business Education Committee and GUHSD’s Career Technical Education Department and is supported by a consortium of business, education, and community leaders. The most recent Ethics in Business event drew more than 200 students and 30 facilitators. Cost to attend the Chamber breakfast is $20 per person for members with RSVP, $25 per person for non-members with RSVP and $30 per person at the door without reservations. For more information and to RSVP, contact Sarah McCorkle at [email protected], (619) 440-6161, or visit www.eastcountychamber.org. Alliance Escrow opens second office Alliance Escrow of El Cajon has opened a second office in Mission Valley at 3511 Camino del Rio South, San Diego. The company’s original office, 124 West Main St., opened in 2015. Since then, the company has grown from four to 20 employees, according to El Cajon resident Justen Brown, Alliance Escrow business development director.
Alliance Escrow, operated by both Brown and Josh Baker of El Cajon, offers a full range of services, including transaction document processing and funds transfer, management and distribution, as well as responding to requests from principals.