Stories for August 2014

Friday, August 29

Mast Therapeutics Announces CMO's Departure

Mast Therapeutics Inc. today announced that Chief Medical Officer and Senior Vice President Santosh Vetticaden will be leaving the company in mid-September.

Tease photo

General Dynamics Nassco Gets $140M Navy Contract

The U.S. Navy said that it awarded General Dynamics Nassco a $140 million contract modification to cover dry-dock work on the USS Pearl Harbor.

Tease photo

Time to Escalate Efforts to Catch Cyber Criminals

Cybercrimes seem to grab headlines almost every day. In August alone, we witnessed stories about 1.2 billion usernames and passwords being grabbed by a Russian gang, 4.5 million personal identity records stolen from a major American hospital system by some folks in China, plus data breaches at UPS and Supervalu.

BOMA Equips Foster Kids for Their Educational Journey

The Building Owners and Management Association, or BOMA, recently collected a total of 206 backpacks, nearly 1,400 school supplies and raised more than $500 to donate to Promises2Kids to help make the back-to-school season brighter for the foster youth of San Diego.

Coronado’s Coastal Showhouse

Coronado was the recipient of a nationwide honor recently when Coastal Living Magazine selected a house at 100 Ocean Drive for its 2014 Showhouse.

Tease photo

EcoATM Eyes Increase in Deposits as iPhone 6 Launch Occurs

The rumor mill seems to be running at full churn as it anticipates news from Apple Inc. The colossus of Cupertino says it’s making an announcement Sept. 9.

Merger Results in Some New Career Paths For Attorneys

Solomon Ward Seidenwurm & Smith LLP recently announced that Katherine M. Hoffman has joined the firm as partner.

Military Is On Board With Broad-Reaching Conservation Efforts

DEFENSE: Biofuels, Solar, Water Conservation Among Efforts to Cut Consumption

Military leaders praise characteristics such as honor, sacrifice and love of country. Relatively new ideals of conservation and sustainability also seem to be taking hold at San Diego military bases.

Tease photo

Solar Company Aims to See Profits Come Through the Roof

ENERGY: Leasing Of Systems Is Backed By $90M Investment

Equal Earth Inc., a San Diego-based renewable energy company has received $90 million in funding to finance solar panel projects and it appointed digital media pioneer Jay Samit to its board of directors.

Tease photo

Drought Guidelines Vary By Agency, Mostly Still Voluntary

WATER: Biotech Is Not Affected, Beer Industry is Adjusting

If the turf grass at Balboa Park appears to be a little less green during hot summer days, it is due to a recent voluntary effort to restrict water usage throughout San Diego’s largest urban park following new drought guidelines.

Tease photo

Building Brings State-of-Art Touches to Sustainability Efforts

ENERGY: Recycled Water, Use of Biogas Result In Cost-Savings

It’s one thing to incorporate sustainable elements into a building to conserve energy. It’s quite another when a new office produces at least as much energy as it uses, creating “net-zero” energy usage.

Tease photo

Bottega Americano Set to Open in East Village at Law School Building

Operators plan Aug. 31 opening for Bottega Americano, an Italian-style restaurant and specialty food marketplace in downtown San Diego’s East Village.

Tease photo

Drought-Resistant Landscaping Demand Is in Full Bloom

PROPERTY: Water Shortage Brings Changes In Attitudes, Regulations

New emergency water-use restrictions enacted by the state of California, aimed at reducing outdoor water consumption in urban areas, are bringing home conservation themes that local landscape architects have been preaching for years.

Tease photo

Harper Construction Completes $2.67 Million Sheriff’s Substation

Harper Construction Co. of San Diego has completed a new $2.67 million San Diego County Sheriff’s substation, which opened recently at 28914 Old Highway 80 in Pine Valley.

Tease photo

Laser-Based Microscope Delivers Diagnostics Fast and Accurately

BIOTECH: It Also Offers Wide Visibility In Portable Package

When Paul Larson first demonstrated the world’s newest laser-based microscope for tissue diagnostics and cancer research, the observers flipped over the table cloth and peered beneath the desk.

Tease photo

Chinese Regulators, Qualcomm Officials Hold Meeting

Qualcomm Inc. President Derek Aberle and a delegation from the San Diego company met Aug. 21 in Beijing with Chinese regulators in an attempt to resolve concerns raised by the Chinese government.

Co. Maintains Confidence in Products, Pipeline

PHARMA: Arena Says Results May Take A Bit Longer Than Some Like

Arena Pharmaceuticals Inc. has mapped out a plan to overcome heavy spending and stagnant stock values by developing new weight loss formulations and drug compounds to treat a variety issues from autoimmune disorders to nicotine addiction.

StemCutis LLC Names Lee President and CEO

StemCutis LLC, an operating company of Stemedica Cell Technologies Inc., today announced the appointment of Ike Lee as president and CEO.

Escondido Apartment Property Sells for $9.9M

Claus Family Trust of Del Mar has purchased Windsong Villas, a 67-unit apartment complex in Escondido, for $9.9 million, according to CoStar Group and public data.

Tease photo

Successful IPO Adds to Avalon’s Win Column

There’s a plethora of interesting news flowing out of San Diego’s very active entrepreneurial community in recent weeks ... First up, La Jolla venture capital firm Avalon Ventures was one of the big winners when portfolio company Otonomy Inc., a late-stage life science company developing sustained-exposure treatments for ear diseases, raised $100 million in an IPO offering on Wall Street Aug. 12.

Peregrine Purchase to Cost Murata $465M

TECH: Deal Is Expected To Close By Early 2015

San Diego-based Peregrine Semiconductor Corp. is going under the wing of one its corporate allies, just two years after becoming a public company.

New Law Ensures That Brokers Disclose Roles

REAL ESTATE: Commercial Rules To Be Toughened Jan. 1

Gov. Jerry Brown recently signed into law new broker disclosure rules bringing commercial real estate into line with what is already required in residential real estate.

Business Calendar for Week of Sept. 1, 2014

Some of the business events scheduled in the county for the week of Sept. 1, 2014.

Proposition 45 Being Opposed By Insurers

HEALTH: Govt. Would Get Veto Power on Rate Increases

Health insurance companies may suffer a caustic blow by a currently popular ballot initiative that would expand the state’s authority to regulate health insurance rates.

Tease photo

Bend It Like...eSurface

TECH: Co. Aims to Overcome Limitations Of Circuit Boards

For the people at eSurface Technologies, a flat board of electronics makes about as much sense as a flat Earth.

Tease photo

Chamber Ready to Push for Policies, Politicians

groups: Survey Finds Businesses Looking for More Aggressive Advocate

Fresh off wins in recent battles over issues including developer linkage fees and the Barrio Logan community plan update, the San Diego Regional Chamber of Commerce is aiming to further boost its clout in business and political circles.

Thursday, August 28

Balfour Beatty Completes First Phase of $221.5 Million Detention Facility

The San Diego office of Balfour Beatty Construction recently completed the first phase of the two-phase, $221.5 million Las Colinas Detention and Re-entry Facility in Santee.

Tease photo

Seragon Announces Closing of Its Acquisition By Genentech

San Diego-based Seragon Pharmaceuticals Inc. today announced the closing of its acquisition by Genentech Inc., a member of the Roche Group.

Viejas Proposes Expanding Hotel, Casino

The Viejas Band of Kumeyaay Indians is considering an expansion to its hotel and casino on its reservation near Alpine.

Mapp Biopharmaceutical CEO Discusses Ebola Fight

The elusive CEO of Mapp Biopharmaceutical Inc., the company that delivered an experimental Ebola drug to American aid workers in West Africa, spoke at a panel discussion yesterday afternoon hosted by The Scripps Research Institute.

Downtown’s Declan Suites Hotel Completes Renovation

Operators recently completed a multimillion-dollar renovation of The Declan Suites hotel, located in the Cortez Hill neighborhood of downtown San Diego.

Tease photo

Global Hawk Reaches 100,000 Hours Milestone

Aircraft from Northrop Grumman Corp.'s Global Hawk family of unmanned, high-altitude jets recently passed 100,000-hour mark doing what they were built for: combat and related operational support.

Tease photo

Wednesday, August 27

City Won’t Appeal Court Ruling on Convention Center Finance Plan

San Diego City Council recently voted 7-0 not to appeal a court ruling that invalidated the funding mechanism for a planned $520 million expansion of the San Diego Convention Center.

OneRoof Energy Secures Equity for $58M Solar Financing Fund

OneRoof Energy Inc., a residential solar services provider and wholly owned subsidiary of One Roof Energy Group Inc., announced today that it has reached an agreement with an unrelated third party securing equity for a $58 million residential solar financing fund.

Turtle Beach, Twitch Extend Partnership

Turtle Beach Corp., a designer of audio products, and Twitch, a live video platform and community for gamers, announced the extension of their exclusive partnership.

San Diego County Construction Project Values Rise 42 Percent

San Diego County’s contracts awarded for future construction rose 42 percent in value from a year ago in the first seven months of 2014, according to the latest data from McGraw Hill Construction.

Tease photo

Soltek Pacific Construction Gets Navy Deal Worth $6.8M

The U.S. Navy said on Aug. 27 that it awarded Solpac Construction Inc., doing business as Soltek Pacific Construction, a $6.8 million task order to restore, modernize and reconfigure the interior and utilities in the ophthalmology department at Naval Medical Center San Diego.

Tuesday, August 26

San Diego's Life Sciences Get $167M in VC Funding in Q2

Venture capital funding for the life sciences sector reached $2.5 billion in 195 deals nationally for the second quarter of 2014, according to a new report by MoneyTree and PricewaterhouseCoopers, based on data provided by Thomson Reuters.

Tease photo

California Economic Activity Index Is Up 0.4% in June

Comerica Bank’s California Economic Activity Index grew in June, advancing 0.4 percent to a level of 113.3.

Tease photo

Internet Poker Legislation Not in the Cards This Session

With the end of the legislative session in sight, the author of the remaining Internet poker bill in the California Legislature called it quits, saying he will try again in the 2015-16 session.

Escondido Apartment Property Sells for $10.8 Million

Vista International Inc. of San Francisco has purchased the 96-unit Tanglewood Apartments in Escondido for approximately $10.8 million, according to CoStar Group and public data.

Tease photo

Tocagen Fills Key Positions in Clinical Development

San Diego-based Tocagen Inc. announced Wayne Saville has been named vice president of clinical development and Mary Rose Keller has been named vice president of clinical operations.

Governor Park Office Building Sold for $3.9 Million

Locale Advisors Inc. of San Diego has purchased an office building in the city’s Governor Park neighborhood for approximately $3.9 million, according to a statement from the real estate investment firm.

Tease photo

Mission Valley Office Building Sells for $3.3 Million

West Coast Development of Mission Viejo has purchased a Mission Valley office building for approximately $3.3 million, according to CoStar Group and public data.

Tease photo

Monday, August 25

Qualcomm Delegation Meets With Chinese Regulators

Qualcomm Inc. President Derek Aberle and a delegation from the San Diego company met Aug. 21 in Beijing with Chinese regulators in an attempt to resolve concerns raised by the Chinese government.

Tease photo

BAE Systems Gets Navy Ship Repair Contract Potentially Worth $78M

The U.S. Navy said on Aug. 25 that it awarded BAE Systems San Diego Ship Repair a contract for dry-dock work to the Ticonderoga-class cruiser USS Lake Erie.

Pinnacle Hotels Completes $3.5 Million Renovation of Four Points by Sheraton

San Diego-based Pinnacle Hotels USA has completed a $3.5 million renovation of the Four Points by Sheraton San Diego Downtown hotel.

Tease photo

ITC Judge Rules in Favor of ResMed in Patent Infringement Case

An administrative law judge at the International Trade Commission ruled in favor of San Diego-based ResMed against Chinese medical device maker BMC Medical Co. Ltd. in a patent infringement case.

Tease photo

Telik Receives $1.5 Million Contract From National Cancer Institute

Telik Inc., a San Diego-based oncology drug development company, announced it has received a $1.5 million contract from the National Cancer Institute.

Indus Technology Receives Navy Contract Potentially Worth $7.8M

San Diego-based Indus Technology Inc. said that it received a U.S. Navy contract that could be worth up to $7.8 million over five years if the Navy exercises all of its options.

Tease photo

Kid Ventures Third Location Set for Liberty Station

San Diego-based Kid Ventures, which operates “edutainment” facilities with children’s activities and adjacent café areas for parents, plans a December opening at Liberty Station in Point Loma.

Tease photo

Sunday, August 24

Opponents of Minimum Wage Hike Begin Referendum Efforts

Opponents of an approved hike in San Diego’s minimum wage have begun circulating petitions to place the matter before voters, following City Council’s recent override of a mayoral veto.

ViaCyte Gets $20M in Rights Agreement With Janssen

San Diego-based ViaCyte Inc. announced that it has entered into a rights agreement with Janssen Research & Development LLC, one of the Janssen Pharmaceutical Companies of Johnson & Johnson.

Tease photo

Illumina Inc. Partners With Pharma Companies for Oncology Test System

Illumina Inc. announced it has formed collaborative partnerships with AstraZeneca, Janssen Biotech Inc. and Sanofi to develop a universal next-generation sequencing oncology test system.

Tease photo

Peregrine Semiconductor Stock Soars on News of Planned Sale to Japanese Company

Shares of San Diego-based Peregrine Semiconductor Corp. rose 60 percent early Aug. 22 on news that Japan-based Murata Manufacturing Co. Ltd. planned to buy the company for $471 million.

Tease photo

The Business Calendar for the Week of August 25, 2014

Some of the business events planned in the county for the week of August 25, 2014.

Fenway Properties Obtains $7.1M Loan for Office Renovation in Oceanside

Investment firm Fenway Properties of San Diego has obtained $7.1 million in financing for a planned renovation of Tri-City Corporate Towers in Oceanside.

Tease photo

Hot Dog on a Stick Purchased in Bankruptcy for $12.2M

Carlsbad-based Hot Dog on a Stick reportedly has been purchased by a portfolio company of Los Angeles private equity firm Levine Leichtman Capital Partners for $12.2 million.

$3.7 Million Card Room Project Underway in Chula Vista

Dempsey Construction Inc. of Carlsbad is at work on a $3.7 million renovation and expansion that will convert an existing property into the new location for Village Club Card Room casino in Chula Vista.

Tease photo

Two Navy Repair Contracts to Bring Work to Local Shipyards

The U.S. Navy announced two ship repair contracts Aug. 22.

Friday, August 22

2 Navy Contracts Will Bring Work to Local Shipyards

The U.S. Navy announced two ship repair contracts Aug. 22.

ViaCyte Gets $20M for Rights Agreement With Janssen

San Diego-based ViaCyte Inc. announced that it has entered into a rights agreement with Janssen Research & Development LLC, one of the Janssen Pharmaceutical Companies of Johnson & Johnson.

Tease photo

Illumina Partners With Big Pharma Companies for Oncology Test System

Illumina Inc. today announced it has formed collaborative partnerships with AstraZeneca, Janssen Biotech Inc. and Sanofi to develop a universal next-generation sequencing oncology test system.

Tease photo

Ligand Inks Licensing Deal With Georgia Co.

Ligand Pharmaceuticals Inc. announced the signing of a commercial license agreement with Atlanta, Georgia-based Avion Pharmaceuticals LLC for the development and commercialization of four Captisol-enabled programs.

$3.7 Million Village Club Card Room Project Underway

Dempsey Construction Inc. of Carlsbad is at work on a $3.7 million renovation and expansion that will convert an existing property into the new location for Village Club Card Room casino in Chula Vista.

Tease photo

25th Anniversary Is a Celebration of Community, Giving

Jackson Design & Remodeling decided to come up with a unique way to celebrate 25 years in business in San Diego.

Fenway Properties Obtains $7.1 Million Loan for Oceanside Office Renovation

Investment firm Fenway Properties of San Diego has obtained $7.1 million in financing for a planned renovation of Tri-City Corporate Towers in Oceanside.

Tease photo

Port Has Reason to Be Picky With the Kind of Cargo Received

What will the Port of San Diego look like circa 2064? I waded into the port’s effort to create a master plan for its next 50 years (see page 1), and on the way got to thinking about cargo operations.

Tease photo

Balboa Thrift and Loan Stays on Profitable Path of Car Loans

Balboa Thrift and Loan, based in Chula Vista and one of the last six thrift and loans in the state, just keeps on truckin’, racking up profits despite more competitors in its chosen niche — auto lending.

For a Luxury Ride, Hang Your Saddle at Hacienda Elegante

The featured home in this week’s column is in Fallbrook, right on the edge of Bonsall, just 10 minutes from the San Luis Rey Downs Training Center. The property, a horse lover’s dream, which the now retired horse breeder calls Hacienda Eleganté.

Vista Brewer Is Bringing Its Craft(s) to Mercado Del Barrio

Experts at a recent craft beer summit in North County pointed out that brewers from that region have some work to do when it comes to boosting their profile in places such as the city of San Diego, which has its own crowded contingent of beer makers running their own tasting rooms and brewpubs.

SeaWorld Is Looking to Counter a Recent Tide of Criticism

TOURISM: New Orca Enclosures and Research Efforts Pledged By Park

SeaWorld Entertainment Inc. plans to spend several hundred million dollars to overhaul its performing-whale enclosures, including a near doubling of its orca environment in San Diego, amid other moves to bolster its investments in marine research.

Imprimis Sees Opportunity in Cataract Surgery Drug Compound

PHARMA: Co. Looks For Broad Applications To Common Problems

A San Diego-based pharmaceutical company is hoping to grab market share in the ophthalmology space by combating expensive post-cataract surgery drugs with a cheaper and more efficient alternative.

Potential Matches Put Under A Microscope at New Dating Site

SERVICE: DNA Analysis Is Used to Find That Special Someone

San Diego is home to countless institutes, laboratories and research collaborations aiming to find better uses for advancements in genetic sequencing. Yet, there is one market that seems an unlikely match for DNA analysis — online dating.

Tease photo

Chargers’ Worth Put At $995M

The value of the San Diego Chargers increased by $46 million or 5 percent over the past year to $995 million, according to the annual Forbes report on the National Football League.

Nisen Named to CEO Post at Sanford-Burnham

HEALTH: He Sees Need for ‘Constellation’ Of New Relationships

Sanford-Burnham Medical Research Institute announced that the board of trustees has appointed Perry Nisen as CEO and holder of the Donald Bren chief executive chair for the institute’s La Jolla-based headquarters.

Platform Gives ERs a New Cardiac Device Tool

HEALTH: Co. Just Signed an Enterprise Deal With Sharp

Geneva Health Care Inc., a San Diego-based medical technology company has developed a platform that receives data from cardiac devices and converts it into usable information for health care providers. The data is presented in a dashboard that is integrated into the provider’s internal computer system so that physicians and medical staff can quickly identify the urgency of a patient’s needs.

Tease photo

Stone Gathers a Crowd and Funds With Beer Offering

The region is crazy with new business activities. As of early last week, Stone Brewing Co. had raised close to $1.9 million from about 11,160-plus funders at crowdfunding site Indiegogo.com to underwrite its inventive “Stone Groundbreaking Collaborations” pre-sale event.

Looking to Grow, Co. Returns to S.D. Roots

FOOD: Kashi Given Some Independence From Kellogg

Kashi, the San Diego homegrown natural cereal business that had its local office closed last year by owner Kellogg Co. and moved to Michigan, is returning to its roots.

Triton Put Through Paces By Northrop

DEFENSE: Navy to Buy 68 of the Rugged Aircraft

As the people of Rancho Bernardo went about their business Aug. 19, an operator in one of Northrop Grumman Corp.’s secure office buildings there took control of a U.S. Navy Triton — a large unmanned aircraft — during the middle of its flight over the western United States.

Biotech Property Deals Will Soon Surpass 2013

REAL ESTATE: Life Sciences Activity, IPOs Create Demand

A potent blend of initial public offerings, merger and acquisition activity and steady venture capital funding have made life-science properties the hot commodity in San Diego real estate leasing so far in 2014.

Co. Plays a Part in New Plane Production

AVIATION: Edge-Tech Supplies Molds and Parts

Edge-Tech Design and Manufacturing has a seat on Icon Aircraft Inc.’s sporty little A5 aircraft — and it hopes to see revenue take off if aircraft sales do.

Tease photo

Port of Commerce?

PROPERTY: Businesses Ready to Defend Turf as Port Shapes Its Big Picture

A view of the Port of San Diego from 10,000 feet shows a diverse place, with small businesses, heavy industry, hotels and restaurants, U.S. Navy installations, parks, wetlands, marinas, cargo terminals and more.

Tease photo

Minimum Wage Hike Opponents Start Referendum Campaign

Opponents of an approved hike in San Diego’s minimum wage have begun circulating petitions to place the matter before voters, following City Council’s recent override of a mayoral veto.

Business Calendar for Week of Aug. 25

Some of the business events planned in the county for the week of Aug. 25, 2014.

Peregrine Stock Soars on News of Planned Sale to Japanese Company

Shares of San Diego-based Peregrine Semiconductor Corp. rose 60 percent early Aug. 22 on news that Japan-based Murata Manufacturing Co. Ltd. planned to buy the company for $471 million.

Tease photo

Thursday, August 21

San Diego Chargers' Worth Is Put at $995 Million

The value of the San Diego Chargers increased by $46 million or 5 percent over the past year to $995 million, according to the annual Forbes report on the National Football League.

Tease photo

113 San Diego County Companies Make Inc's Fastest Growing List

A total of 113 companies based in San Diego County made the 2014 Inc. Magazine’s 5000 Fastest Growing Companies list.

Work Begins on $28 Million Science Building at Point Loma Nazarene

General contractor Rudolph and Sletten Inc. has begun site work for a new $28 million science building at Point Loma Nazarene University, with demolition of existing buildings underway on the San Diego campus.

Tease photo

Encinitas Restaurant Building Sells for $6.5 Million

PS2 Pacific LLC of Solana Beach has purchased a vacant beachfront restaurant building in Encinitas for $6.5 million, according to CoStar Group and public data.

Tease photo

Searsucker to Open First Venue in Los Angeles Market

San Diego celebrity chef and restaurateur Brian Malarkey plans to open a new location of Searsucker in Santa Monica this winter, making it the restaurant’s first in the Los Angeles area.

Tease photo

Wednesday, August 20

JMI Equity Closes $1 Billion Fund

JMI Equity, a private equity firm with offices in San Diego and Baltimore, said it closed its largest fund ever this week-— $1 billion for JMI VIII.

Tease photo

Search Optics Acquires DigiGo

Search Optics, a digital marketing business based in San Diego, said it acquired KPA’s DigiGo division, formerly known as TK Carsites. Terms of the agreement weren’t disclosed.

Batu Biologics Completes $100,000 Crowdfunding

A San Diego-based immunotherapy company has successfully completed $100,000 of financing by utilizing an unusual fundraising approach — crowd funding.

Tease photo

R.A. Rauch to Manage and Market Keating Hotel in Gaslamp Quarter

R.A. Rauch & Associates, a San Diego-based hospitality management and consulting firm, has entered into a partnership with locally headquartered Gotham Management, in which R.A. Rauch will manage and market Gotham’s Keating Hotel in the Gaslamp Quarter.

Tease photo

Navy Selects 5 Vendors for Next Generation IT Network for Ships

The U.S. Navy chose five vendors to provide the next-generation information technology network for its ships, announcing the winners on Aug. 20.

Clothing Retailer H&M Opening Store in El Cajon

Fashion retailer H&M plans to open its newest local store this fall at the Parkway Plaza mall in El Cajon. It will be the sixth San Diego County store for the Sweden-based company, also known as Hennes & Mauritz.

Jamba Juice ‘Hiring Day’ Recruitment Seeks 1,000 New Workers

Emeryville-based Jamba Juice Co. plans to hold a National Hiring Day on Aug. 21, recruiting in several California cities including San Diego as it seeks to add up to 1,000 new employees.

Tease photo

Tuesday, August 19

Sanford-Burnham Medical Research Institute Names Nisen CEO

Sanford-Burnham Medical Research Institute’s board of trustees has appointed Perry Nisen as CEO and holder of the Donald Bren chief executive chair for the institute’s La Jolla-based headquarters.

Tease photo

San Diego Places Fifth Among U.S. Meeting Destinations

San Diego placed fifth on the latest list of the nation’s top 50 meeting and event destinations, published by event management technology provider Cvent Inc.

Tease photo

Pathfinder Partners Buys Vista Retail Center for $7.35 Million

San Diego-based Pathfinder Partners LLC has purchased Breeze Hill Promenade, a three-building retail center in Vista, for $7.35 million, according to CoStar Group and public data.

Tease photo

Admiral Discusses Navy's Local Needs and Role

Constrained defense budgets and constraints to the Port of San Diego were two domestic topics that Adm. Samuel Locklear III touched on during a visit to San Diego on Aug. 19. The commander of the U.S. Pacific Command has responsibility for the globe “between Hollywood and Bollywood.”

Tease photo

Mitek Sees Stock Drop as CTO Leaves, Some Patent Lawsuits Dismissed

Mitek Systems , a San Diego maker of software used by more than 2,500 financial institutions for transferring money via mobile devices, saw its stock plunge 18 percent Aug. 18 following the company’s announcement that its chief technology officer abruptly left the company.

Tease photo

Two San Diego Apartment Properties Get New Owners

Del Coronado Villas LLC of Del Mar has acquired the 24-unit Coronado Villa Apartments in San Diego for $5.7 million.

Tease photo

Monday, August 18

SR Commercial Buys Miramar Property Portfolio for $40 Million

Investment firm SR Commercial of Solana Beach has purchased a portfolio of 17 Miramar industrial and office buildings for $40 million, according to CoStar Group and public data.

Tease photo

San Diego City Council Overrides Veto of Minimum Wage Hike

San Diego City Council has voted 6-2 to override Mayor Kevin Faulconer’s veto of a measure to raise the city’s minimum wage to $11.50 an hour by 2017.

County Business Forecast Index Drops 8 Points in July

The San Diego Business Forecast, an index measuring the county’s business outlook, showed a dramatic decline in July, falling 8 points from June.

Celladon Announces Closing of Public Offering of Common Stock

Celladon Corp., a San Diego-based biotech company, has announced the closing of its underwritten public offering of 4,600,000 shares of its common stock at $9.50 per share.

Tease photo

Cytori Appoints Girão VP and CFO

San Diego-based Cytori Therapeutics Inc. announced that Tiago Girão has been appointed vice president and chief financial officer.

Tease photo

General Dynamics AIS Gets $19.5M Defense Contract

The U.S. Navy said on Aug. 18 that it awarded General Dynamics Advanced Information Systems a $19.5 million contract for electronics that protect ships from missiles.

Tease photo

Oceanside Medical Office Building, Adjacent Lot Sold for $5.9 Million

Trollman Properties LLC of San Diego has purchased Oceanview Plaza, a medical office building in Oceanside, for approximately $5.9 million.

Tease photo

E. Digital Corp. Reports Q1 Results for FY2015

E. Digital Corp., a technology developer and licensor for consumer products, reported fiscal 2015 first quarter revenue of about $683,000, compared with $449,000 for the like quarter of the prior year.

Tease photo

ResMed Sees New Devices Bridging Some Monitoring Divides

ResMed Inc. has released its new sleep apnea therapy device that will use patient data and communication software to help health care providers monitor and analyze their patients’ conditions.

Tease photo

Sunday, August 17

SeaWorld to Double the Size of Orca Enclosure at San Diego Park

Florida-based SeaWorld Entertainment Inc. plans to nearly double the size of the killer whale enclosure at SeaWorld San Diego, part of a multimillion-dollar effort to address controversies and resulting business damage tied to concerns over its treatment of performing orcas.

Tease photo

Air Force Awards Northrop Grumman a $240M Contract for Global Hawks

The U.S. Air Force awarded Northrop Grumman Corp. a $240.7 million contract for three Global Hawk unmanned aircraft of the Block 30 variety, according to an Aug. 15 Pentagon announcement.

Tease photo

Organovo Says It Met 'a Key Challenge' With Tissue Testing

Organovo Holdings Inc. recently passed a major drug test with the company’s 3-D bioprinting technology.

Tease photo

Kashi Returning to 'Re-Establish Brand as a Stand-Alone Natural Food Business'

With news of some San Diego companies moving to other states, it’s refreshing to report that one that left is returning.

Tease photo

Mark Riedy Retiring as Director of USD’s Burnham-Moores Center

Mark Riedy has announced his retirement as executive director of the Burnham-Moores Center for Real Estate at University of San Diego, with plans to leave the position in January.

Tease photo

San Diego County's Unemployment Rate Increases to 6.6% for July

San Diego’s unemployment rate increased to 6.6 percent in July, up from a revised 6.1 percent in June, as the region shed nearly 6,000 jobs, mostly from school employees taking a summer recess, according to the state’s Employment Development Department.

The Business Calendar for the Week of August 18, 2014

Some of the business events scheduled in the county for the week of August 18, 2014.

Affordable Housing Complex Aims to Serve Developmentally Disabled

Independence Point, a housing complex geared to families with a member who has developmental disabilities, broke ground on renovations of a site in Lincoln Park.

Friday, August 15

Ground Broken on Apartment Complex for Disabled Residents

Independence Point, a housing complex geared to families with a member who has developmental disabilities, broke ground in Lincoln Park.

Northrop Grumman Gets $240.7M Air Force Contract

The U.S. Air Force awarded Northrop Grumman Corp. a $240.7 million contract for three Global Hawk unmanned aircraft of the Block 30 variety, according to an Aug. 15 Pentagon announcement.

Tease photo

Organovo Calims Success With Tissue Testing

Organovo Holdings Inc. recently passed a major drug test with the company’s 3-D bioprinting technology.

Tease photo

Children’s Museum Project Brings Art, Creativity to the Masses

The New Children’s Museum in downtown San Diego will continue its popular Mass Creativity project for a third year in 2015, supported by a $30,000 grant from the National Endowment for the Arts, the Museum announced.

Whistleblower Laws Call for Sound, Clearly Defined Policies

LAW: Proliferation of Lawsuits Emphasizes Scope of the Problem

A tidal wave of new lawsuits claiming retaliation against so-called whistleblowers has been hitting business owners in recent years.

Mark Riedy to Retire as Director of USD’s Burnham-Moores Center

Mark Riedy has announced his retirement as executive director of the Burnham-Moores Center for Real Estate at University of San Diego, with plans to leave the position in January.

Tease photo

YOU CAN’T TAKE IT WITH YOU

LAW: Trade Secret Agreements Are a Must to Protect Assets

When it comes to protecting trade secrets, the biggest obstacle businesses often face is overcoming their employees’ inability to keep their work confidential. It’s human nature to share information, especially when you’ve learned something new and exciting, said Ned Israelsen, managing partner of the San Diego law firm of Knobbe, Martens, Olson & Bear LLP.

Tease photo

Procopio Partner Elected to Lead San Diego Chapter of ACG

Procopio, Cory, Hargreaves & Savitch LLP partner Dennis Doucette was elected board president of the Association for Corporate Growth. Doucette, who leads Procopio’s corporate and securities practice group, has been on the ACG’s board for five years and has chaired its programs committee for the past 18 months.

Silvergate Shifts Strategy to Make More Nonqualified Mortgages

Silvergate Bank changed its lending strategy from making qualified mortgages to making nonqualified ones, or those that aren’t bought by the two major government-sponsored entities, Fannie Mae and Freddie Mac.

Qualcomm Working to Keep Sixth-Grade Girls Steeped in STEM

Hats, hats and more hats. Nope, this is not opening day at Del Mar. We’re on the top floor of one of Qualcomm Inc.’s buildings in Mira Mesa. The room is alive with the energy of a few dozen sixth-grade girls. They’re assembling short-crowned, wide-brimmed hats with imaginative decorations on top — and computer controls.

CEO Gathered Leadership Lessons Along Unusual Career Path

HEALTH: Van Gorder’s Book Is About Building Up a Place and People

Chris Van Gorder has earned a reputation in San Diego as an influential leader in health care management, frequently receiving national attention for contributions to the profession. Now the Scripps Health CEO has permanently added his name in the history books of leadership and management by putting his name on the shelf with them.

Tease photo

A Stroke of Luck Brought Financial Adviser to Golf Franchise

SPORT: Players’ Swings Evaluated With Motion Sensors, Video

Suzanne LaTour was looking to improve her golf game and ended up owning a national franchise that provides golf lessons.

App Maker Brings Human Touch to Technological Twists, Turns

TECH: Medium- and Small-Sized Businesses Are Targeted Customers

Wide open. That is how Nathan Keating of BuildFire describes the opportunity for creating smartphone apps.

Scripps Research Names Paulson Acting President

Aqua Sphere — a swimming equipmeThe Scripps Research Institute appointed James Paulson as acting president and CEO, the institute’s board of trustees announced Aug. 11.

Mirati Narrows Focus to Fewer Forms of Cancer

BIOTECH: FDA Grants Orphan Drug Status to Promising New Therapy

Mirati Therapeutics Inc., a public company in San Diego developing medicines for targeted oncology, is one step closer to achieving regulatory approval for its cancer drug Mocetinostat.

Calif. Tribes Put Off Pushing Internet Poker Bill

Gaming: Viejas, Brown Agree on New Compact To Change Revenue Sharing

The likelihood of an Internet poker bill passing the California Legislature decreased as the days of August passed, meaning that California’s American Indian tribes will have to stick with conventional revenue sources — traditional casinos — until at least the 2015 session.

Cardiff-based Raken Raking In Kudos for Latest Mobile App

Here’s another information technology success story with that unique San Diego twist. Friends who grew up with Kyle Slager in Ohio have two reasons to be jealous of the Buckeye native.

‘Field Goal’ Linked To Convention Center

TOURISM: 2 Proposals By JMI Include Chargers’ Stadium

The developer of Petco Park has joined the convention center fray with its own proposals for a downtown facility that could double as convention space and a new home for the San Diego Chargers, as city officials weigh their options to salvage the existing $520 million plan to expand the convention center.

Tease photo

Co. Gathers Partners, M-Health Momentum

TECH: Attendance Doubles at Qualcomm Life Industry Event

Qualcomm Life Inc., the mobile health-focused subsidiary of Qualcomm Inc., drew nearly 300 leaders in mobile health care to its annual conference in San Diego last week aimed at brainstorming, collaborating and forming partnerships in a burgeoning industry.

‘Tactical Urbanism’ Taking Hold in San Diego

Development: Concept Bringing Vacant Lots to Life

Slowly but noticeably, “tactical urbanism” is playing out in San Diego and other large cities where young people are flocking to high-density core neighborhoods in search of their desired quality of life.

Tease photo

Fresh Start

RETAIL: Amazon’s New Delivery Service Gives Local Food a Lift

With retail giant Amazon.com Inc. now delivering goods to many of its loyal customers, San Diego-based Venissimo Cheese Inc. doesn’t need to depend solely on walk-in customers craving gourmet items such as the fresh goudas, cheddars and prosciuttos sold in its local stores.

Tease photo

Kashi Returning to San Diego

With news of some San Diego companies moving to other states, it’s refreshing to report that one that left is returning.

Tease photo

Business Calendar for Week of August 18, 2014.

Some of the business events scheduled for the week of Aug. 18, 2014 in the county.

SeaWorld Doubling Size of Orca Enclosure at San Diego Park

Florida-based SeaWorld Entertainment Inc. plans to nearly double the size of the killer whale enclosure at SeaWorld San Diego, part of a multimillion-dollar effort to address controversies and resulting business damage tied to concerns over its treatment of performing orcas.

Tease photo

County Unemployment Rate Increases to 6.6% in July

San Diego’s unemployment rate increased to 6.6 percent in July, up from a revised 6.1 percent in June, as the region shed nearly 6,000 jobs, mostly from school employees taking a summer recess, according to the state’s Employment Development Department.

Thursday, August 14

City Council to Consider Override of Veto of Minimum Wage Hike Aug. 18

The San Diego City Council will consider overriding the veto by Mayor Kevin Faulconer of the ordinance to boost the minimum wage to $11.50 by 2017 and extend sick leave benefits to employees during a meeting scheduled for Aug. 18 at 11 a.m, according to the council.

Tease photo

Ligand Signs Licensing Agreement With Georgia Company

Ligand Pharmaceuticals Inc. announced the signing of a commercial license agreement with Atlanta, Georgia-based Avion Pharmaceuticals LLC for the development and commercialization of four Captisol-enabled programs

Tease photo

Renovation Realty to Expand to Bay Area

Renovation Realty, a San Diego company that renovates houses and then sells them without the owners paying up front construction costs, said it’s expanding to the Bay Area.

Tease photo

ViaSat Reports FY2015 First Quarter Revenue of $319.5M

ViaSat Inc. reported a net loss of $5.9 million on revenue of $319.5 million during the quarter that ended July 4, its first quarter of fiscal 2015.

Tease photo

Infosonics Corp. Reports Net Sales Increase 25% in Q2

Infosonics Corp., the San Diego maker and distributor of wireless devices mainly in South America, reported second quarter net sales of $10.4 million, up 25 percent from the like quarter of 2013. For the six months, sales were $22.1 million, up 37 percent from the comparable period of the prior year.

Tease photo

Thermo Fisher Gets $9.1M Defense Deal, Work to Be Done in San Diego

The Defense Department said on Aug. 14 that it awarded a $9.1 million contract modification to Thermo Fisher Scientific to acquire reagents and consumables for its DNA Identification Laboratory at the Armed Forces Medical Examiners System at Dover Air Force Base in Delaware.

Rita’s Italian Ice Joining Menu at Petco Park

Rita’s GP LLC, the San Diego-based area franchise developer for Rita’s Italian Ice, has reached an agreement with ballpark operators to begin selling the company’s ices and custards at Petco Park starting in late August.

Tease photo

Iron Fist Brewing, Mariscos Coming to Mercado Del Barrio

Vista-based Iron Fist Brewing Co. and San Diego seafood restaurant Mariscos El Pulpo have joined the roster of commercial offerings at Mercado Del Barrio, a mixed-use development in Barrio Logan.

Tease photo

Wednesday, August 13

Shares Rise After Otonomy's $100M IPO

Shares of Otonomy Inc. were rising Aug. 13 after the biotech drug developer's initial public offering raised $100 million.

Tease photo

RCS Capital to Buy Girard Securities

RCS Capital Corp. said it has entered into an agreement to purchase independent broker-dealer San Diego-based Girard Securities Inc.

Tease photo

SeaWorld Entertainment Gives Q2 Results, Plans Cost-Saving Initiatives

The parent company of SeaWorld San Diego plans to invest savings in new attractions.

Tease photo

City Pension Fund Reports Preliminary Return of 16.6%

The San Diego City Employees Retirement System, the pension fund for employees of the city of San Diego, the Port of San Diego, and the San Diego County Regional Airport Authority, reported a preliminary return of 16.6 percent, net of fees, for the 2014 fiscal year ended June 30.

Carlsbad Industrial Building Sells for $16.35 Million

Regent Properties of Los Angeles has acquired the Research Center Pointe industrial building in Carlsbad for $16.35 million, according to brokerage company Cassidy Turley, which represented the buyer and seller.

Tease photo

California Bank & Trust Reports Q2 Results

California Bank & Trust, San Diego’s largest locally-based lender with $11 billion in total assets, reported second quarter net income of $29.1 million, compared with net income of $31 million for the like quarter of 2013.

Tease photo

County Median House Price for July Is $445,000, According to Dataquick

The median price for a single family house sold in San Diego during July was $445,000, down by $5,000 from the June median, but up 6.6 percent from July 2013, according to Dataquick, the San Diego based real estate research firm.

General Atomics Receives Contract for Aircraft Carrier Launch and Recovery Sytem

General Atomics of La Jolla said on Aug. 13 that it received an initial, sole-source contract to provide the electromagnetic launch and recovery systems to be installed on the second ship of a new class of U.S. Navy aircraft carriers.

Tease photo

Encinitas Building Housing GoPro Sells for $8 Million

Covey Cardiff Properties LLC of Glendale has purchased an office building in Encinitas, housing local operations of high-tech digital camera maker GoPro Inc., for approximately $8 million, according to CoStar Group and public data.

Tease photo

Tuesday, August 12

$283M Damage Award Favoring ViaSat Set Aside by Judge

A new trial to determine damages in breach of contract case is tentatively set for November.

Callaway Golf to Issue $200M in Securities

Carlsbad-based Callaway Golf Co. plans to issue $200 million in new securities.

Landmark Completes $39 Million FBO Facility at San Diego International

Facility includes a 19,000-square-foot terminal.

Tease photo

2Q Revenue, Loss Down at ImageWare Systems

ImageWare Systems, a San Diego-based maker of identity management software, reported second quarter revenue of $937,000, compared with $1 million in revenue for the like quarter of 2013.

Cytori Therapeutics Nets $11.8M Loss for 2Q

Cytori Therapeutics Inc. reported a net loss of $11.8 million for second quarter 2014, down from a net loss $3.2 million during the same period in 2013.

Tease photo

Moss Adams Signs $9.47 Million Lease; Moving to UTC

The accounting firm is moving to La Jolla Commons Tower I.

Tease photo

Suffolk Completes $13 Million Family Health Center

The opening of the 23,000-square-foot medical office building was celebrated with a public event.

Tease photo

Sports Industry Startups Sought for Incubator

SD Sports Innovators accepting applications through Sept. 7.

Monday, August 11

Scripps Research Names Paulson Acting President and CEO

The Scripps Research Institute appointed James Paulson, chair of its Department of Cell and Molecular Biology, as acting president and CEO, the institute’s board of trustees announced Monday.

Tease photo

PriceSmart July Sales Increase 5.4%

PriceSmart Inc. said sales increased 5.4 percent to $198.6 million for the month of July from $188.5 million in July of 2013.

Tease photo

Athletic Endurance Events Have $64.1M Economic Impact Locally

Endurance events like San Diego’s Rock ‘n Roll Marathon and Carlsbad’s 5000 meter race generate significant economic benefits to the county, according to a new report from the National University System Institute for Policy Research, a think tank based in Torrey Pines.

Ligand to Offer $225 Million in Senior Convertible Notes, Authorizes $200M Share Buyback

San Diego-based Ligand Pharmaceuticals Inc. announced that it intends to offer $225 million of convertible senior notes due 2019 and has authorized a $200 million share repurchase program over the next 12 months.

Tease photo

County Tax Collections Hit Record Level

San Diego County Treasurer-Tax Collector Dan McAllister said his office hit a record for tax collections for the 2014 fiscal year that ended June 30.

Cubic Deal Could Be Worth $57M

Cubic Corp. said Aug. 11 that it received a Pentagon contract to operate the Korea Battle Simulation Center — a deal which could be worth up to $57 million over four and a half years if all options are exercised.

Tease photo

Ignyta Names Chief Medical Officer

San Diego-based cancer drug developer Ignyta Inc. has appointed Adrian Senderowicz as chief medical officer and senior vice president of clinical development and regulatory affairs.

Tease photo

Qualcomm Aids China Earthquake Relief Efforts

Qualcomm Inc. said it donated $325,000 to assist in earthquake relief efforts in China’s Yunnan Province.

Tease photo

Escondido Industrial Properties Sold for $7.8 Million

Meridian Properties Real Estate Development of Carlsbad recently purchased two Escondido industrial buildings for approximately $7.8 million, according to CoStar Group and public data.

Tease photo

San Diego-Based Succession Capital Acquires Washington State Company

Succession Capital Inc., a San Diego based private equity firm that buys small- and medium-sized businesses of retiring owners, said it acquired Wine Valley Siding Supply Inc., a distributor of cedar and fiber cement siding based in Bothell, Wash., near Seattle.

Austin Beutner Named Publisher of L.A. Times

Former Los Angeles deputy mayor Austin Beutner was named publisher and chief executive of the Los Angeles Times Media Group, the Times announced Monday.

Pinot’s Palette to Pair Art Class and Wine Bar at Liberty Station

Houston-based Pinot’s Palette, which describes itself as a “paint-and-sip” franchise that combines art and wine, plans an Aug. 15 opening at Liberty Station in Point Loma, its first San Diego County location and 50th nationwide.

Tease photo

ViaCyte Raises $5.4 Million in Private Financing

ViaCyte Inc. has announced it has raised $5.4 million in private financing to pursue the clinical development of its artificial pancreas, which could treat type 1 diabetes.

Tease photo

Sunday, August 10

Encore Capital Group's Revenue Up 72% for Q2

Encore Capital Group, the San Diego buyer and collector of defaulted credit card debt, reported second quarter net income of $21.3 million, compared with $11 million in the like quarter of 2013.

Tease photo

Mayor Faulconer Vetoes Minimum Wage; Gloria Believes Council Will Override Veto

The San Diego City Council will schedule a vote within the next 30 days to consider overriding Mayor Kevin Faulconer's veto on Friday of the council’s recent move to raise the city’s minimum wage to $11.50 an hour by January 2017.

Tease photo

Novatel Sees Net Loss of $17.4 Million in Q2

Novatel Wireless Inc., the maker of data modems which replaced its CEO and CFO in 2014, offered quarterly look at its finances recently.

Tease photo

Kratos Reports Net Loss of 49.9 Million for Q2

Kratos Defense & Security Solutions Inc., the defense holding company based in the University Towne Center area, said on July 7 that it recorded a net loss of $49.9 million on revenue of $229.3 million during its second quarter, which ended on June 29.

Tease photo

DexCom Announces Data Integration Deal With Asante

Asante Solutions Inc., a Sunnyvale-based medical device company manufacturing an insulin pump, has announced its intention to use DexCom Inc.’s mobile platform to integrate and display insulin data.

Tease photo

Cohn Adds to Its Restaurant Collection With OB Warehouse

San Diego-based Cohn Restaurant Group has opened its newest venue in Ocean Beach, called OB Warehouse at 4839 Newport Ave.

Tease photo

The Business Calendar for the Week of Aug. 11, 2014

Some of the business events scheduled for San Diego County.

Oceanside Medical Office Building Sold for $5.9 Million

Trollman Properties LLC of San Diego has purchased an Oceanside medical office building for $5.9 million, according to brokerage company Cushman & Wakefield Inc.

Tease photo

July's Median Housing Price in County Is $517,000

San Diego’s median sales price for a single family house sold in July was $517,000, down 2 percent from June, but up 7 percent from July 2013, according to the Greater San Diego Association of Realtors.

Tease photo

Friday, August 8

Novatel Reports Q2 Results

Novatel Wireless Inc., the maker of data modems which replaced its CEO and CFO in 2014, offered quarterly look at its finances recently.

Tease photo

Kratos Reports Q2 Revenue of $229.3M

Kratos Defense & Security Solutions Inc., the defense holding company based in the University Towne Center area, said on July 7 that it recorded a net loss of $49.9 million on revenue of $229.3 million during its second quarter, which ended on June 29.

Tease photo

Commentary: Level Field for Aviation Contractors Serves State

We’ve all heard the news about companies fleeing California for greener pastures in more “business-friendly” states. It’s no different for our colleagues in the aerospace and defense industry. In recent years, several aerospace companies have picked up stakes and moved operations out of California.

Newest Cohn Restaurant Opens in Ocean Beach

San Diego-based Cohn Restaurant Group has opened its newest venue in Ocean Beach, called OB Warehouse at 4839 Newport Ave.

Tease photo

These ‘Lights’ Are a Shining Example of Caring, Compassion

The LightBridge Hospice Community Foundation, a nonprofit organization that fulfills special requests for hospice patients and their loved ones, held its annual celebration of inspirational people recently at Old Poway Park.

Executive Q&A: SCPMG Chief Administrative Officer Jim Malone

Jim Malone is the chief administrative officer for the Southern California Permanente Medical Group — SCPMG — in San Diego, which consists of more than 1,100 physicians and 4,700 ancillary staff who provide care to more than 534,000 Kaiser Permanente members.

Tease photo

Kaiser’s New Hospital to Bring 450 Beds to San Diego Market

MEDICINE: Increasing Demand to Be Met By New Facility, Upgrades

Kaiser Permanente’s new 450-bed hospital in Kearny Mesa will feature cutting-edge technology and innovative communication strategies while relieving the growing pressure on its current facilities.

Tease photo

Encore Capital Reports Q2 Results

Encore Capital Group, the San Diego buyer and collector of defaulted credit card debt, reported second quarter net income of $21.3 million, compared with $11 million in the like quarter of 2013.

Tease photo

Operation Changes

Walking through the old mansion-converted City Hall in Amsterdam, N.Y., a young Tim Moran climbed into the gated elevator and braced himself when the elevator shook and creaked to a halt — stalled between floors.

Tease photo

City Planning Director Fulton Is Joining the Exodus to Texas

As the city of San Diego gets busy updating the community plans for neighborhoods such as Mission Valley, it will also be searching for its next top planning official.

DexCom Announces Data Integration Relationship With Asante

Asante Solutions Inc., a Sunnyvale-based medical device company manufacturing an insulin pump, has announced its intention to use DexCom Inc.’s mobile platform to integrate and display insulin data.

Tease photo

San Pasqual Paradise

This custom home, perched on a hill in southeast Escondido, incorporates all the luxuries of modern living.

Tease photo

Who Derailed Proposed Bank Acquisition Is Open to Interpretation

Federal regulators didn’t approve the proposed acquisition of First Mountain Bank by First National Bank of Southern California, with four of its five branches in San Diego.

Drivers REALLY Wanted; Trucking Cos. Look to Fill Positions

It’s Tuesday morning and Stan Ferdyn is holding his regular recruiting meeting in an office building off San Diego Mission Road. He meets a lot of potential employees here, trying to convince at least a few of them to climb into big-rig cabs and take freight across the United States.

Google Executive Brings Big Data Skills to Human Longevity

BIOTECH: Interpreting Massive Genetic Sequencing Information Is the Challenge

A San Diego startup founded by human genomics pioneer J. Craig Venter has recruited Franz Och, former leader of Google Translate and expert in machine learning, to find new ways to crunch and interpret human sequencing data.

Local Beer Summit Tackles Ideas to Improve ‘Hops Highway’

BREWING: North County Efforts Currently Skewed to Production

Craft beer is now a significant economic generator in North County, but more can be done to put the region’s “Hops Highway” — the nickname for Highway 78 — on par with the impact now seen in places like the city of San Diego’s 30th Street “Craft Beer Corridor.”

Local Company Takes a Leading Role in Fight Against Ebola

BIOTECH: Mapp Provided Its Experimental Serum to Infected Missionaries

Mapp Biopharmaceutical Inc., a San Diego-based company with only nine employees, made international headlines last week for its role in developing an experimental Ebola treatment that may save the lives of two American aid workers who contracted the virus in Liberia.

OwnPhones’ Earbuds Aim for Perfect Fit With A Sense of Style

TECH: 3-D Printing Used To Make a Custom Product

A visual artist who spent the last eight years in New York City has detoured to San Diego and into entrepreneurship.

Tease photo

County Meidan Housing Price Is $517,000 for July

San Diego’s median sales price for a single family house sold in July was $517,000, down 2 percent from June, but up 7 percent from July 2013, according to the Greater San Diego Association of Realtors.

Tease photo

Aqua Sphere, Partners With Olympian Phelps

Aqua Sphere — a swimming equipment manufacturer for fitness and recreational swimming, aquatic exercise and triathlons — has formed a long-term strategic partnership with the Olympic champion swimmer Michael Phelps and coach Bob Bowman.

Tease photo

Court Shrinks Options For Convention Center

CIVIC: Proponents of Expansion Seek Plan B After Ruling Against Hotel Tax

Civic and tourism leaders were scrambling for a follow-up strategy after a state appeals court recently rejected the funding mechanism for the planned $520 million expansion of San Diego Convention Center.

Sempra Sales, Profits Going in Right Direction

ENERGY: Second-Quarter Net Income Up 9.8%; Key Project Gets Financing

Sempra Energy, San Diego’s second-largest company by revenue, is on track get bigger this year, both in sales and profits.

It’s ‘The End’ For Sony’s E-Book Efforts

Sadly, the news media is reporting the end of an era that has an impact on San Diego. Sony Electronics is closing its E-reader business which was orchestrated from its North American headquarters in Rancho Bernardo.

Qualcomm Runs Into Royalty Problems

TECH: China Challenges Affect Analysts’ Outlook

Shares of Qualcomm Inc. touched $80, slid more than 10 percent and have been trying to find their proper level since the company’s earnings call in late July, when executives spoke of the company’s inability to collect all royalties it says are owed by some of its Chinese customers.

Peer-to-Peer Lending Is Gaining Currency

FINANCE: Borrowers and Investors Find a Useful Tool

Peer-to-peer lenders are becoming more acceptable, both as a source of capital for consumers and as a legitimate place for investors to get a better return on their money.

FTD Must Pick Its Course for Provide

ACQUISITION: Staffing Overlap May Bring Cuts

FTD Companies Inc.’s acquisition of San Diego-based Provide Commerce should yield $25 million in annual synergies within three years, according to the buyers. But how those savings will be achieved is difficult to discern.

Picking Winners

Manufacturing: Rising Instrument Sales Are Music to Industry’s Ears

Thanks in part to the recent popularity of Hawaiian ukulele virtuoso Jake Shimabukuro — with an assist from pop stars Jason Mraz, Taylor Swift, Bruno Mars and others — the miniature stringed instruments have become a big seller at San Diego-based Bertrand’s Music.

Tease photo

Mayor Vetoes Minimum Wage Hike, Spurring Upcoming Override Vote

San Diego City Council will schedule a vote within the next 30 days to consider an override, after Mayor Kevin Faulconer vetoed council’s recent move to hike the city’s minimum wage to $11.50 an hour by January 2017.

Tease photo

Business Calendar for Week of Aug. 11, 2014

Some of the business events scheduled for the county for the week of Aug. 11, 2014.

Thursday, August 7

New Commander Takes Over at SPAWAR

Spawar received a new commander Aug. 7 during ceremonies where the U.S. Navy’s top admiral officiated.

Tease photo

Sempra's Q2 Net Earnings Up 9.8%

Sempra Energy reported second quarter net earnings of $269 million, up 9.8 percent from the net profit in the second quarter of 2013.

Tease photo

BofI Holding Reports Net Income of $56M for Fiscal Year

BofI Holding Inc., parent company of BofI Federal Bank, formerly called Bank of Internet USA, reported fourth quarter net income of $16 million, up 44 percent from the like quarter of 2013.

Organovo Taps Lucier's Talents for Advisor Role

San Diego 3-D bioprinting company Organovo Holdings Inc. has appointed Greg Lucier as a corporate advisor.

Bridgepoint Education Reports Q2 Results

Bridgepoint Education, the for profit operator of two colleges, reported second quarter revenue of $171.5 million, down from $193.5 million for the like quarter of 2013.

Aethlon Medical Addresses Reports of Ebola Cure

San Diego-based Aethlon Medical Inc. today released a letter from its CEO and Chairman, Jim Joyce, addressing the CNN claim that the medical device maker offers a cure for Ebola.

Tease photo

BioMed Realty Revenue, Net Income Rise in Second Quarter

BioMed Realty Trust Inc. saw total revenue rise 7 percent from a year ago in its second quarter ending June 30, reaching $171.2 million, the San Diego-based company reported.

Tease photo

Pulse Electronics Reports Q2 Net Sales of $93.6M

Pulse Electronics Corp., a San Diego based maker of electronic components, reported second quarter net sales of $93.6 million, up 6 percent from the prior year’s second quarter.

Revenue Dips Slightly, Net Income Rises at American Assets

San Diego-based American Assets Trust Inc. reported second-quarter revenue and net income figures similar to those of a year ago, with revenue totaling $62.2 million for the period ending June 30.

Tease photo

La Mesa Retail Center Sold for $7.1 Million

Lake Murray Center LLC of La Jolla has purchased the Village Shopping Center in La Mesa for $7.1 million, according to CoStar Group and public data.

Tease photo

ROIC Reports Second-Quarter Increases in Revenue, Net Income

San Diego-based Retail Opportunity Investments Corp. reported total revenue of $36.9 million in its second quarter ending June 30, an increase of 42 percent from the year-ago period.

Tease photo

Wednesday, August 6

Qualcomm Brainpower Is Behind Timex Smart Watch

Timex said on Aug. 6 that it plans to release a smart watch powered by Qualcomm Inc. technology.

Tease photo

Padres Name Preller New GM

The San Diego Padres named A.J. Preller as the team’s new executive vice president and general manager, replacing Josh Byrnes, who was fired in June.

Tease photo

Jack in the Box Reports Q3 Results for FY2014

San Diego-based Jack in the Box Inc. reported net income of $24.7 million for its fiscal third quarter ended July 6, compared with a net loss of $5.6 million for the like quarter of 2013.

Tease photo

Sempra and Its Partners Approve Final Financing Decision for Louisiana LNG Plant

Sempra Energy announced that it and its partners approved the final investment decision for the natural gas liquefaction and export project planned in Louisiana.

Tease photo

DexCom Reports Revenue of $58.8M for Q2

DexCom Inc., a San Diego-based medical device company, reported total revenue grew to $58.8 million for the second quarter of 2014, up 64 percent from the same quarter last year.

Land Slated for Oceanside Apartments Sold for $25 Million

Locally based Presidio Cornerstone Master LLC has purchased a 28-acre land parcel in Oceanside for $25 million, with plans to develop a 338-unit luxury apartment community.

Regulus Reports Q2 Results

San Diego-based Regulus Therapeutics Inc. reported a net loss of $12 million for the second quarter of 2014, compared with a net loss of $7.3 million for the same quarter last year.

Tease photo

Silvergate Bank Reports Net Income of $1.5M for Q2

Silvergate Bank, based in University City and with four branches, reported second quarter net income of 1.5 million, up 10 percent from the like quarter of 2013.

Nike Factory Store Opening in Carlsbad

Oregon-based Nike Inc. plans an Aug. 28 opening for its new Nike Factory Store, at Carlsbad Premium Outlets.

Tease photo

El Cajon Apartment Buildings Sold for $12 Million

San Diego-based Conrad Prebys Trust has purchased a four-building apartment portfolio totaling 94 units in El Cajon for $12 million, according to brokerage firm Apartment Consultants Inc., which represented the buyer.

Tease photo

OncoSec Medical Makes Appointment to Its Scientific Advisory Board

San Diego-based OncoSec Medical Inc., a biopharmaceutical company focused on cancer immunotherapy, has appointed Holbrook Kohrt to its scientific advisory board.

Tuesday, August 5

UCSD, The Scripps Research Institute and Illumina Get NIH Grants

The Scripps Research Institute, the University of California, San Diego and Illumina Inc. have been awarded a total of $8.7 million in grants by the National Institutes of Health for DNA sequencing research.

Microsoft Hires Former Qualcomm Exec

After days of speculation in the technology trade media, Microsoft Corp. confirmed Aug. 5 that it has hired Peggy Johnson, who recently left her job at Qualcomm Inc.

Tease photo

Escondido Retail Center Sells for $10.3 Million

MDA Mission Ave One LLC of Rancho Santa Fe has purchased a three-building retail center in Escondido for $10.3 million, according to CoStar Group and public data.

Tease photo

Aqua Sphere Partners With Olympics Champion Michael Phelps and His Coach

Aqua Sphere, a swimming equipment manufacturer for fitness and recreational swimming, aquatic exercise and triathlons, announced the formation of a long-term strategic partnership with the Olympics champion swimmer Michael Phelps, and coach Bob Bowman.

Tease photo

Overland Storage Expects Q4 Revenue to Exceed $24M

Overland Storage, a San Diego provider of data storage systems that’s in the midst of being acquired by a Canadian software company, said its net revenue for the fourth quarter should exceed $24 million, up from $20 million in the third quarter.

Tease photo

Poway Industrial Building Sells for $6.15 Million

Atomic Investments Inc. of National City has purchased a Poway industrial building for $6.15 million, according to CoStar Group and public data.

Tease photo

La Jolla Commercial Building Sells for $6.8 Million

EHOF La Jolla LLC, with developers William Berwin and Michael Pierson, have purchased a La Jolla commercial building for $6.8 million, according to brokerage company CBRE Group Inc., which represented the seller.

Tease photo

Monday, August 4

Local Company Takes a Leading Role in Ebola Fight

Mapp Biopharmaceutical Inc., a San Diego-based company with nine employees, has made international headlines for its role in developing an experimental Ebola treatment that may save the lives of two American aid workers.

Otonomy Price IPO at $80 Million

San Diego-based Otonomy, a biopharmaceutical startup developing new treatments for diseases and disorders of the ear, has announced the estimated pricing of its initial public offering at $80 million — 5.3 million shares at a price range of $14 to $16.

Tease photo

Rady Children’s Hospital Receives $120M Donation

Rady Children’s Hospital will receive the second largest donation in San Diego history to fund pediatric research and innovation in San Diego.

San Onofre Cleanup Expected to Cost $4.4 Billion

Southern California Edison said that its plan to decommission the San Onofre Nuclear Generating Plant would cost $4.4 billion.

Broadcom to Layoff Up to 203 Locally

Broadcom Corp. plans to lay off 203 people from its San Diego office beginning in late September, according to the state Employment Development Department.

Tease photo

Fulton Leaving San Diego City Planning Director Post

San Diego City Planning Director Bill Fulton has resigned from the post to take a position at Rice University in Houston.

Tease photo

Cubic Reports Q3 Results

Cubic Corp., the San Diego defense contractor and provider of mass transit fare systems, reported fiscal 2014 third quarter revenue of $340.4 million, up 1 percent from the like quarter of last year.

Tease photo

Calbiotech, Intrinsic LifeSciences Agree to Development Deal

Calbiotech, a life science company in Spring Valley, has entered a development agreement with La Jolla-based Intrinsic LifeSciences to develop and validate ELISA kits for hepcidin, a hormone that plays a central role in the regulation of iron in the blood and indicator of iron disorders.

Isis Reports Q2 Revenue of $57.1 Million

Isis Pharmaceuticals Inc. reported second quarter revenue of $57.1 million compared with $38.1 million in the previous quarter.

Tease photo

OneRoof Energy Raises $1 Million in Loan Funding

OneRoof Energy Group Inc., a San Diego solar power finance provider, said it closed on $1 million of additional loan funding under an existing loan arrangement. The loan was made by Hanwha Holdings Inc., an existing shareholder of the company.

Tease photo

North Park Apartments Sold for $5.3 Million

Florida Place LLC of San Diego has purchased the 28-unit Florida Manor Apartments in North Park for $5.3 million, according to CoStar Group and public data.

Tease photo

Sunday, August 3

Appeals Court Rules Against the Convention Center Financing Plan

A state appeals court has ruled against the funding mechanism for a planned $520 million expansion of San Diego Convention Center, saying a proposed tax on hotel room bills is unconstitutional because it was not approved by voters.

Consultant to Advise Convention Center on Possible Naming-Rights, Sponsorships

San Diego Convention Center officials have hired Cleveland-based The Superlative Group to provide consulting work in relation to potential naming-rights and sponsorship programs at the center.

Tease photo

Mitchell International Will Fund Incubator Companies Through EvoNexus

Mitchell International Inc. is the third company to come forward to fund startup businesses in San Diego’s EvoNexus incubator program.

Tease photo

ResMed Reports Fourth Quarter Results

ResMed Inc.’s fourth quarter net income dipped slightly at $87.7 million, down from $90 million last quarter, but an overall increase of 20 percent over the same quarter last year.

Tease photo

Southwest Airlines, SeaWorld to End Partnership

Southwest Airlines Co. and SeaWorld Entertainment Inc. have decided to end their partnership when their contract expires at the end of the year, the companies said.

Tease photo

Altman Named Managing Partner at KPMG

Beth Altman has been named managing partner of accounting firm KPMG LLP’s San Diego office.

Tease photo

The Business Calendar for the Week of Aug. 4, 2014

A list of some of the business events scheduled for the week of Aug. 4, 2014.

Survey says: ...You Don't Want to Know If You're in Small Business in S.D.

A nationwide survey of entrepreneurs gave San Diego an F rating for its friendliness to small businesses.

Senomyx Inc. Reports $7.3 Million in Q2 Revenue

San Diego-based Senomyx Inc. — which develops flavor ingredients for foods and beverages using proprietary taste science technology — reported $7.3 million in unaudited revenue for the second quarter ended June 30.

Tease photo

Sorrento Therapeutics Announces Death of Its Chief Business Officer Amar Singh

Sorrento Therapeutics Inc. announced the death of its Chief Business Officer and Executive Vice President Amar Singh.

Maxwell Technologies Inc. Reports Q2 Revenue of $46.1 Million

Maxwell Technologies Inc., the San Diego maker of energy storage and power delivery devices, reported second quarter revenue of $46.1 million, down 17 percent from $55.6 million in revenue in the like quarter of 2013.

Tease photo

Friday, August 1

Appeals Court Rules Against Convention Center Financing Plan

A state appeals court has ruled against the funding mechanism for a planned $520 million expansion of San Diego Convention Center, saying a proposed tax on hotel room bills is unconstitutional because it was not approved by voters.

Commentary: Business Must Lead Innovation to Conserve Water

July 25, Colorado River Day, was recently celebrated as the day the river was officially renamed from the “Grand” to the “Colorado,” honoring the waterway that serves as the backbone of the West’s economy and a critical drinking source for millions.

Builder, Other Cos. Give STEM a Home At Boys & Girls Club

Employees of McCarthy Building Companies Inc. teamed recently with a group of consultants and subcontractors to give the Boys & Girls Clubs of Greater San Diego what it needed most: a new STEM lab and outdoor garden area at its Ron Roberts Family Branch on East Jewett Street in San Diego’s Linda Vista area.

San Diego Gets a Failing Grade in This Business Survey

A nationwide survey of entrepreneurs gave San Diego an F rating for its friendliness to small businesses.

Hera Hub Blends Co-Working and Community at Its Offices

SERVICE: Business Signed First Franchise Agreement in April

San Diego-based Hera Hub, which provides women who work for themselves a working space where they can share ideas and meet with others, has signed its first franchise agreement.

Tease photo

ResMed Reports Q4 Results

ResMed Inc.’s fourth quarter net income dipped slightly at $87.7 million, down from $90 million last quarter, but an overall increase of 20 percent over the same quarter last year.

Tease photo

Workspace Trends Favor Flexibility, Collaboration Over Cubicles

PROPERTY: For Office Designers, Division Is Out as Shared Spaces Take Shape

If you’re wondering what the office of tomorrow looks like, two local office designers suggest looking at the trendsetters of today.

Tease photo

Space Age

Offices of the Future Are Designed to Encourage Collaboration, Boost Job Satisfaction While Reducing Overhead

By creating office environments that place a greater emphasis on collaboration and having shared workspaces, many San Diego County businesses are striving to increase their productivity.

Tease photo

Attorney Pairs His Legal Career With Other Tasteful Pursuits

San Diego attorneys are really interesting people with varied interests and pursuits, but Harold Small, you might say, takes the cake. He has been elected bailli délégué — or just president to us commoners — of the Bailliage des Etats-Unis of the Confrérie de la Chaîne des Rôtisseurs, the world’s oldest and largest international food and wine society.

San Diego Private Bank Posts Solid Earnings Growth for Q2

San Diego Private Bank’s second quarter net income more than doubled from a year earlier at $594,000, while its total assets grew 8 percent to $339.5 million.

Home of the month: Cortez Hill Victorian Redux

This home is on the National Register of Historic Places as the John Ginty House.

Tease photo

Business Calendar for Week of Aug 4, 2014

Some of the business events scheduled in the county for the week of Aug. 4, 2014.

Cubic Corp. Gets $700M+ Along With a Stronger British Accent

By now, the red London bus is firmly part of Cubic Corp.’s heritage. The Kearny Mesa-based business has been part of London’s mass-transit system for 30 years, and it looks like it will stay on board for at least seven more.

Zingle Uses Your Texts to Help You Get to the Front of the Line

TECH: Device Connects Hospitality Businesses to Their Customers’ Orders

Making a call is OK but texting is better for business, said John Girard, who heads Zingle, a Carlsbad business built around texting technology.

An Acne-Fighting App Is Just What the 2 Doctors Ordered

A San Diego-based mother-and-son team of dermatologists has launched a Web application that provides diagnoses, treatments and prescriptions exclusively online for patients with acne.

Meiling to Cover Health Care, Biotech For SDBJ

Brittany Meiling has joined the San Diego Business Journal’s editorial team as the reporter covering health care and the life science industries, including biotechnology, pharmaceutical and medical devices.

Commercial Market Seen as Solid Through 2017

PROPERTY: SoCal Rental, Occupancy to Climb; Industrial Increases

Demand for commercial real estate space — including development, leasing and investing — is expected to stay on the increase in San Diego and most other California markets through 2017, spurred by factors including continued job growth.

Port May Take Several Months to Find New CEO

CIVIC: Silence Surrounds The ‘Personnel Matter’ Of Darbeau’s Departure

Leaders at the Port of San Diego are already taking steps to fill the organization’s top job after port commissioners relieved Wayne Darbeau of his duties as CEO on July 25, in the wake of a hiring controversy that played out in the news media.

Correlation Ventures Invests In 8 Startups

La Jolla-based venture capital firm Correlation Ventures added eight new startup companies to its portfolio during the second quarter, Managing Director David Coats said. The investments included PowerVision, Soldsie, Splice Machine, SynthoRX and VigLink, plus three smaller seed deals.

Phase 2 of Bay Cleanup Dredges Up Old Issues

BAY: Some Say Costs Increased By Foot-Dragging, Litigation

One of the more contentious environmental remediation projects in San Diego history — a cleanup of two sites in San Diego Bay — enters phase two this week.

Funds Help Biotech Track ‘Moving Target’

Life Science: Epic’s Cancer Diagnostics Generate Interest

A rapidly growing diagnostics company in San Diego has raised $30 million in Series C financing to help commercialize its new technology for cancer research, while adding a high-profile life science veteran to its board.

‘NEW DEAL’

GAMING: Local Tribe Gets into Online Poker As Brick-and-Mortar Casino Operators Wait and See

Online poker is coming to California eventually; at least, that’s the opinion among many leaders at the area’s American Indian casinos. And for one San Diego County tribe, the future is coming fast.

Tease photo

SeaWorld, Southwest Airlines to End Partnership

Protests lead to airline severing ties.

Tease photo

Consultant to Advise Convention Center on Possible Sponsorships, Naming Rights

San Diego Convention Center officials have hired Cleveland-based The Superlative Group to provide consulting work in relation to potential naming-rights and sponsorship programs at the center.

Tease photo

Mitchell International to Fund Incubator Companies Through EvoNexus

Mitchell International Inc. is the third company to come forward to fund startup businesses in San Diego’s EvoNexus incubator program.

Tease photo

Altman Is Named Managing Partner at KPMG

Beth Altman has been named managing partner of accounting firm KPMG LLP’s San Diego office.

Senomyx Reports $7.3M in Q2 Revenue

San Diego-based Senomyx Inc. — which develops flavor ingredients for foods and beverages using proprietary taste science technology — reported $7.3 million in unaudited revenue for the second quarter ended June 30.

Tease photo

Sorrento Therapeutics' Chief Business Officer Amar Singh Passed Away

Sorrento Therapeutics Inc. announced the death of its Chief Business Officer and Executive Vice President Amar Singh.

Maxwell Technologies Reports Q2 Revenue of 46.1M

Maxwell Technologies Inc., the San Diego maker of energy storage and power delivery devices, reported second quarter revenue of $46.1 million, down 17 percent from $55.6 million in revenue in the like quarter of 2013.

Tease photo

Civic Gets New Leader; City Has New Priorities

The mayor’s choice to lead Civic San Diego, the city’s primary project oversight agency, said he’s ready to take on community development priorities that go well beyond the downtown core.