Business Bits: Real Estate Agent Honored, Stem Cell IPO

Here's a quick recap of some of the business briefs happening in Carlsbad for this week:

– International Stem Cell Corporation, a Carlsbad-based biotech company, recently announced the release of 20 million shares for public offering, priced at 0.15 each. According to WSJ's MarketWatch, the company intends to use the proceeds from the IPO to fund research for Parkinson's Disease, and for general capital endeavors. 

– Local real estate agent Sheryl Brown has been named a "Five Star San Diego Real Estate Agent," by San Diego Magazine. Brown commented: "This is quite an honor for me. The fact that San Diego Magazine included me in its selection of 'San Diego Five Star Real Estate Agents,' signals that my constant effort to deliver excellent work has paid off. It is gratifying to be recognized in this way."

– A 28,757-square-foot office building at 2385 Camino Vida Roble sold last week for $3 million. Nick Totah and Ben Tashakorian of Marcus & Millichap represented both the seller and the buyer. The building, which was built in 1984 and sits on 1.7 acres, was 81 percent leased at the time of the sale. 

– ScratchMedia, Inc., which had been leasing a flex building in the Greyhawk Business Center, located at 3254 Grey Hawk Ct. in Carlsbad, has purchased the building for $1.925 million. ScratchMedia is a local video production company that has produced commercial spots for brands like Taylor Made, Boost Mobile, Pizza Hut and American Airlines. 

– Supercuts, Inc., leased 1,200 square feet of retail space for 10 years at Palomar Place located at 965 Palomar Airport Rd., Suite A-102, in Carlsbad, Calif., from MERI Palomar Place, LLC c/o Mission Equities Real Estate, Inc., for $658,080. Phil Lyons, CCIM, Bruce Schiff, CCIM, and Andrew Peterson of Cassidy Turley San Diego represented the lessor. Kevin Cassidy of Cassidy Turley San Diego represented the lessee.