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North Bay Business Journal

Monday, November 12, 2012, 5:00 am

Business News: Week of Nov. 12, 2012

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    Banking & Finance

    The board of directors of Hennessy Advisors, Inc. (OTCBB:HNNA) declared a quarterly dividend of 3.125 cents per share, to be paid on Dec. 7 to shareholders of record as of Nov. 14.

    Julie Jones, author of Estate Documents Organizer, and Daren Blonski, financial adviser with Edward Jones in Sonoma, will hold two Tuesday estate-planning workshops on Nov. 13 and 20 at the Sonoma Community Center. Register by calling 707-938-8585.

    Bay Area Development Co. completed U.S. Small Business Administration 504 funding for trade journal Vineyard & Winery Management in Santa Rosa. The financing allowed the company to purchase a 4,248-square-foot building located at 421 E St. in Santa Rosa. Established in 1976, Robert Merletti purchased the company in 1995 from his father, the company’s founder.

    Redwood Credit Union is accepting contributions to the Red Cross Hurricane Relief Fund to directly assist those affected by Hurricane Sandy on the East Coast. All branches have been designated as collection sites for donations from members and the community. Contributions may be made via cash deposit, direct funds transfer or check payable to American Red Cross. All contributions will go directly to the fund, supporting efforts to assist the hurricane victims.

    Education

    Dominican University of California in fall 2013 will launch a master’s of science degree program in clinical laboratory science (CLS) with an emphasis in molecular diagnostics. The program, which will be the only CLS master’s program in California, comes at a time when demand for trained clinical laboratory scientists is growing both in California and throughout the U.S. The 36-unit M.S. program will provide advanced training to professionals who are already CLS-licensed or license-eligible. The program is set to enroll 10 students the first year, adding 10 students per year thereafter.

    Technology

    Medtronic, Inc. (NYSE: MDT) completed its acquisition of China Kanghui Holdings (NYSE: KH), a major provider of orthopedic devices in China. Under the terms of the agreement, announced Sept. 27, Medtronic will pay about $816 million in cash, or $30.75 per American depository share. The total value of the transaction, net of Kanghui’s cash, is expected to be about $755 million. Kanghui shareholders approved the transaction at a shareholder meeting last week.

    Professional Services

    American Institute of Architects Redwood Empire chapter presented its design awards on Oct. 27 in the Kaiser Air hanger at Charles M. Schulz–Sonoma County Airport. People’s Choice Award–winning projects and project teams (aiare.org/designawards/winners) were the following. Yorkville residence, Mendocino County; Unbuilt Project category; architect Alan Nicholson Design Studio, Ukiah. Agave Rose Vineyards water tower, St. Helena; Small Project category; Obie G. Bowman Architect, FAIA, Healdsburg; builder James Nolan Construction, Inc., St. Helena; landscape design Steve Martino & Associates, Phoenix; Vinson Engineering, Sebastopol. Marks residence, The Sea Ranch; Alteration/Restoration/Rehabilitation category; Michael Barron-Wike Architect, AIA, Gualala; builder Matt Burbank, Idaho; Summit Engineering, Santa Rosa; Brunsing Geotechnical, Santa Rosa. Williams Selyem Winery, Russian River Valley; Built Project category; architects Patrick Mervin + Associates, Calistoga, and D.arc Group/RBA LLC, New York; builder Jim Murphy & Associates, Santa Rosa; Welborn Associates, Graton; interior design Lauren Brandwein Design, Santa Rosa, and Studio 516, Petaluma; structural design Summit Engineering, Santa Rosa; Suite 16 Electrical Engineering, Santa Rosa; mechanical engineering Guttmann & Blaevoet, Santa Rosa; civil engineering Atterbury and Associates, Healdsburg; geotechnical engineering Bauer Associates, Forestville; refrigeration design-build Indoor Environmental Services, Santa Rosa.

    Citation Award winners were the following. Yorkville residence, Mendocino County. Bayer Park & Gardens, Santa Rosa; Unbuilt category; Siegel & Strain Architects, Santa Rosa; landscape design Royston Hanamoto Alley & Abey, Mill Valley, and Shared Spaces, Los Angeles; civil engineering BKF Engineers, Santa Rosa; ZFA Structural Engineers, Santa Rosa; mechanical design Affiliated Engineers Inc., San Francisco. Agave Rose Vineyards water tower, St. Helena.

    Merit Award winners were as follows. McDonell residence, Sebastopol; Custom Residential category; Leddy Maytum Stacy Architects, San Francisco; builder Fairweather + Associates, Sebastopol. Healdsburg residence; Custom Residential category; Nick Noyes Architecture, San Francisco; builder Eddinger Enterprises, Inc., Healdsburg; Duncan Engineering, Inc., Fort Bragg.

    Honor Award winners were the following. Moose Road residence, Hopland; Custom Residential category; architect SFOSL, LLP, San Francisco; builder Crossgrain Co. Inc., Healdsburg; Double-D Engineering, San Francisco; surveying Michael Ford Inc., Santa Rosa; soils engineering Chandler Koehn Consulting, Ukiah. Mendocino Transit Authority maintenance center, Ukiah; Built Project category; TLCD Architecture, Santa Rosa; civil, structural, electrical and mechanical engineer GHD (Winzler & Kelly), Santa Rosa; Sol-Data Energy Consulting, Santa Rosa; equipment Maintenance Design Group, Los Angeles. DeTurk Round Barn Historic Renovation, Santa Rosa; Alteration/Restoration/Rehabilitation category; TLCD Architecture; builder GCCI, Santa Rosa; landscape design Resource Design, Santa Rosa; civil engineer Bedford and Associates, Connecticut; structural engineer MKM and Associates, Santa Rosa; mechanical, electrical and environmental engineer GHD, Santa Rosa; acoustic design Illingworth and Rodkin, Petaluma; audio-visual design Charles M. Salter Associates, San Francisco; kitchen design Ballinger Restaurant Equipment Inc., Sebastopol. Barn conversion to private music studio and fitness studio, Sonoma; Alteration/Restoration/Rehabilitation category; Michael Hennessey Architecture, San Francisco; Matarozzi/Pelsinger Builders, San Francisco; Yu Strandberg Engineering, Oakland.

    Energy

    Novato commercial solar power products and services provider SPG Solar completed a cutting-edge solar tracking system at a wastewater treatment plant in Williams. The first of 10 megawatts in All Weather SunSeeker Tracker projects slated for completion in the second half of 2012, this installation is expected to provide the city of Williams energy cost savings of about $1.4 million over the next 20 years and offset demand on the electrical grid from the treatment plant. The system will generate more than 522,000 kilowatt-hours of electricity a year — equivalent to the annual needs of 50 average American homes. SPG Solar’s tracker system is a single-axis mount configuration that directs panels toward the sun through the day to maximize exposure.

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