Stories for November 2014

Sunday, November 30

Local Companies Will Be Well Represented at Piper Jaffray Healthcare Conference

Several San Diego life science companies have announced participation in the 26th annual Piper Jaffray Healthcare Conference hosted by investment bank and asset management firm, Piper Jaffray Co.

Aethlon Announces $3.3 Million Equity Investment

Aethlon Medical Inc. announced that it has entered into a definitive agreement to raise approximately $3.3 million at a price of $0.30 per unit.

The Business Events Calendar for the Week of December 1, 2014

Business events planned in the county for the week of December 1, 2014, and beyond.

Santee Company to Compete for $240M Worth of Army Task Orders

A&D GC Inc. of Santee is one of five small businesses that will be able to compete for $240 million worth of task orders from the U.S. Army Corps of Engineers over the next five years, the Army recently announced.

McCarthy Building Companies Relocates San Diego Operations to Larger Facilities

General contractor McCarthy Building Companies Inc. has relocated its San Diego operations to larger facilities in the Kearny Mesa neighborhood.

Friday, November 28

SBA Encourages Consumers to Think Small on Nov. 29...Small Businesses, That Is

On the heels of Thanksgiving comes Black Friday, and then comes Small Business Saturday, say the folks at the San Diego District Office of the U.S. Small Business Administration.

Santee Company Eligible to Compete for $240M in Army Contracts

A&D GC Inc. of Santee is one of five small businesses that will be able to compete for $240 million worth of task orders from the U.S. Army Corps of Engineers over the next five years, the Army recently announced.

Local Companies Well Represented at Piper Jaffray Healthcare Conference

Several San Diego life science companies have announced participation in the 26th annual Piper Jaffray Healthcare Conference hosted by investment bank and asset management firm, Piper Jaffray Co.

Business Calendar for Week of December 1, 2014

Some of the business events planned for the county for the week of December 1, 2014, and beyond.

Wednesday, November 26

Tapping the Potential for Innovation With Water

Where is the Silicon Valley of water?

You Really Don't Need the Sign to Know You're in Elfin Forest

Less than a mile or so from the densely populated community of San Elijo Hills is Elfin Forest.

Executive Q&A: Joe Greenblatt, Sunrise Management

As Title 24 continues to evolve and shape new building construction in California — the latest requirements went into effect July 1 — the complex and varied ownership structures and resident profiles in the multifamily world have made achieving sustainable energy and conservation practices far more challenging.

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Social Impact

GREEN: As Costs Plummet, Noble Sees Growing Uses for Innovative Building Material

A San Diego based company has turned cardboard, dryer lint, paper — and occasionally even cow pies — into a building material that is lighter and more versatile than its wood, plastic and aluminum predecessors.

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Couple Receive Humanitarian Award for Service to Children

Project Concern International, a global health, development, and humanitarian nonprofit based in San Diego, recently honored a few San Diego businesspeople for their outstanding humanitarian work at its 26th annual Hands Across Borders Gala.

Multifamily Is Still Sitting Pretty as Vacancy Rate Hits 3.59%

As the brokerage company Cassidy Turley noted in a newly issued report, an apartment vacancy rate below 5 percent is considered a landlord’s market.

Testing Begins on General Atomics’ New Catapult for Carriers

Steam’s days are numbered, at least when it comes to shooting an aircraft off a carrier deck.

Mission Federal Makes Business Lending Gains, Aims for More

Mission Federal Credit Union is doing more small business lending these days and plans to expand that line.

Aethlon Makes 1st U.S. Shipment Of Ebola Therapy

Aethlon Medical Inc., a San Diego-based medical device company making devices to treat infectious disease and cancer, announced the first shipment of its blood filtration device as a candidate to treat future Ebola virus infections in the United States.

City Scores on NCAA Bid, Loses on America’s Cup Races

SPORTS: Ball Still in Air For Hosting All-Star Game

The San Diego region chalked up a win to host a major collegiate basketball tournament, lost the chance to host the world’s biggest yachting competition, and made a bid for baseball’s All-Star game.

App Lets Exercisers Get Their Music and Movement in Sync

SOFTWARE: Co. Sees Partnership Possibilities With Sports Apparel Firm

As a runner, Will Turner cares about pace. As a musician, he cares about tempo. And as a businessman, he cares about scale.

State’s Life Sciences Lead in Funding, Job Creation

California continues to rank at the top of life science-related economic growth, with the industry now producing $101 billion in total revenue, according to a report released last week by the California Healthcare Institute and the consulting firm PricewaterhouseCoopers.

Investors Back BioNano’s Big Picture Approach

BIOTECH: Its Genomics System Complements Other Cos.’ Short Reads

In an era of personalized medicine, customized gene mapping is crucial for drug developers and researchers to match the right treatments to the right patients — which is why San Diego-based BioNano Genomics Inc. just attracted one of the largest rounds of private financing in the U.S. life sciences sector this year.

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Law Firm’s First Incubator Class Judged a Success

The startup/incubator note of the week focuses on Procopio, Cory, Hargreaves & Savitch LLP. That’s right, a law firm.

Changes Should Boost Chinese Tourism

TOURISM: Visa Extension, Marketing Efforts Aim for Gains

Local officials are looking to snag a larger share of the fast-growing contingent of Chinese travelers visiting California following a reciprocal agreement reached between the United States and China to significantly extend the duration of tourist visas — making them valid for 10 years instead of one year.

Downtown Shuttle Is Missing Link for Many

TRANSPORT: Civic Seeks Submittals for New Service

San Diego officials are aiming to create a public transit version of mobile-app-enabled car services like Lyft and Uber, with plans in the works for a downtown shuttle system that could help with nagging issues related to parking availability and pricing.

Navy Plans $800M Site For SEALs in Coronado

DEFENSE: Final Decision on 10-Year Project Likely in 2015

The U.S. Navy is eyeing the southern portion of Coronado’s Silver Strand for a 1.5 million-square-foot construction project that will take 10 years to finish, and will mean up to $800 million in business for Navy contractors.

Healing Forces

BIOTECH: Local Cos. Bring Innovative Weapons To the Cancer Battlefront

What if we could engineer “killer cells” to wage war on tumors, and then program the little soldiers to seek a specific kill zone?

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McCarthy Moves San Diego Office to Kearny Mesa

General contractor McCarthy Building Companies Inc. has relocated its San Diego operations to larger facilities in the Kearny Mesa neighborhood.

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Construction Company Buys El Cajon Industrial Buildings for $5 Million

Cameron Brothers Construction Co. LP has purchased four adjacent industrial buildings in El Cajon for $5 million, according to brokerage company Pacific Coast Commercial, which represented the seller.

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One Roof Energy Group Reports Q3 Net Loss of $8.9 Million

One Roof Energy Group Inc., a San Diego-based provider of solar energy services in five states, reported a third quarter net loss of $8.9 million, down from a $11.2 million net loss in the like quarter of 2013.

Aethlon Medical Makes First U.S. Shipment of Ebola Therapy

Aethlon Medical Inc., a San Diego-based medical device company making devices to treat infectious disease and cancer, announced the first shipment of its blood filtration device as a candidate to treat future Ebola virus infections in the United States.

Tuesday, November 25

Cubic Corp. Reports Q4 Net Income of $32.8 Million

Cubic Corp. reported net income of $32.8 million on record quarterly sales of $396.4 million during its fourth quarter, which ended Sept. 30. For the year, Cubic (NYSE: CUB) reported net income of $69.5 million on annual sales of $1.398 billion.

SDG&E to Host Seminar on Reducing Energy Costs

San Diego Gas & Electric will host a free, bilingual seminar on how small and medium-sized businesses can reduce their company’s energy costs on Dec. 4.

Airport Green Build Named Best Project by Engineering News-Record

The $907 million Green Build Terminal 2 expansion at San Diego International Airport was recently named Best Project, in annual awards bestowed by the industry news publication Engineering News-Record, published by McGraw-Hill Construction.

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Partnership Plans $12.5 Million Renovation of Westminster Manor

Chelsea Investment Corp. has entered into a $28.6 million joint venture with the current property owner to acquire and renovate the 152-unit Westminster Manor senior housing building in downtown San Diego, according to brokerage company Colliers International.

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Report: Asian Americans Had Most Purchase Mortgages

The Asian Real Estate Association of America, a national trade group based in San Diego serving Asian Americans in the real estate industry, said a recent report shows that segment applied for and obtained the largest share of purchase mortgages than any other minority group in recent years, measured both in number and dollars.

Monday, November 24

RF Industries's Board Declares Quarterly Dividend

RF Industries Ltd., a San Diego-based maker and distributor of connectors and cable assemblies for the wireless industry, said its board of directors declared a regularly quarterly dividend of 7 cents per share.

State's Life Sciences Tops in Economic Growth

California continues to rank at the top of life science-related economic growth, with the industry now producing $101 billion in total revenue, according to a report released last week by the California Healthcare Institute and the consulting firm PricewaterhouseCoopers.

Cubic Corp. Gets $51 Million in Orders from U.S. Army

Cubic Corp. said on Nov. 24 that it received more than $51 million in orders from the U.S. Army for laser-based equipment to be used during war games.

San Diego Port Unaffected by Work Slowdown So Far

The reported work slowdown at the Los Angeles and Long Beach container ports is having no effect on operations at the Port of San Diego, according to a port spokeswoman.

HFF Secures $140M Financing for Omni San Diego

HFF announced that it has secured a $140 million financing for the Omni San Diego hotel, a 511-room, 21-story luxury convention center hotel. Proceeds from the financing will be used to refinance the existing debt on the hotel, HFF said.

Civic San Diego Seeking Advisor for Housing Development Fund

Civic San Diego, the city’s downtown project oversight agency, has issued a request for proposals for professional advisory services, related to plans by the organization to form a transit-oriented development investment fund.

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Carlsbad Office Building Sells for $4.85 Million

An affiliate of Hyspan Precision Products Inc. of Chula Vista has purchased a Carlsbad office building for $4.85 million, according to CoStar Group and public data.

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Mana Investments Has 2,700 Lots in Development

Mana Investments, a Carlsbad firm focused on real estate investments, said it’s assembled a portfolio of residential land with some 2,700 lots in various stages of development, and beginning to sell.

Sunday, November 23

MG Properties Buys 2 Apartment Properties for $50 Million

San Diego-based MG Properties Group has acquired two apartment properties in Napa and Tempe, Ariz., for a total of approximately $50 million, the private investment firm announced.

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Roambi Announces Quinton Alsbury Will Be New CEO

Roambi, a San Diego business that provides an app for making better use of data, said Quinton Alsbury is its new CEO, succeeding his partner and the company’s co-founder, Santiago Becerra.

2017 America's Cup Reportedly Going to Bermuda

San Diego finished second to Bermuda in a high-stakes race to host the 2017 America’s Cup, according to an Associated Press report.

The Business Calendar for the Week of November 24, 2014

Some of the business events planned for county during the week of November 24, 2014.

La Mesa Rental Condos Sold for $28.3 Million

Partnerships controlled by San Diego-based R&V Management Corp. have purchased the 124-unit Central Park condominium rental property in La Mesa for $28.3 million, according to CBRE Group Inc., which represented the seller.

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CommNexus to Host Lecture on Internet of Everything

Cisco Systems Inc. executive Mala Anand and Qualcomm Inc.’s Raj Talluri will explore the Internet of Everything on Dec. 10 as part of the CommNexus Headliners lecture series.

$25 Million Financing Transaction Completed for Reva Medical Inc.

San Diego-based Reva Medical Inc., a medical device company developing stents that can be absorbed by the body, announced that the $25 million financing transaction approved by shareholders on Oct. 31 has been successfully completed.

County Posts 5.8 Percent Unemployment Rate in October

San Diego County’s unemployment rate dipped to 5.8 percent in October, down 0.1 percent from September, as the region added a net of 12,500 jobs during the month, according to the state’s Employment Development Department.

National University to Offer Scholarships to City of San Diego workers

National University, the second-largest private, nonprofit university in California, has been named the City of San Diego’s Preferred Employee Education Program Partner and is providing scholarship opportunities to the city’s 10,000 employees.

Friday, November 21

Qualcomm Sells Taiwan Factory for $85 Million

Qualcomm Inc. sold its Mirasol display factory in Taiwan, and the equipment in it, to Taiwan Semiconductor Manufacturing Co. Ltd. for $85 million, according to a securities filing.

National University to Offer Scholarships to City Employees

National University, the second-largest private, nonprofit university in California, has been named the City of San Diego’s Preferred Employee Education Program Partner and is providing scholarship opportunities to the city’s 10,000 employees.

Cisco, Qualcomm Execs to Discuss Internet of Everything

Cisco Systems Inc. executive Mala Anand and Qualcomm Inc.’s Raj Talluri will explore the Internet of Everything on Dec. 10 as part of the CommNexus Headliners lecture series.

Quinton Alsbury Named CEO at Roambi

Roambi, a San Diego business that provides an app for making better use of data, said Quinton Alsbury is its new CEO, succeeding his partner and the company’s co-founder, Santiago Becerra.

Local Firm Buys Napa, Tempe Apartments for $50 Million

San Diego-based MG Properties Group has acquired two apartment properties in Napa and Tempe, Ariz., for a total of approximately $50 million, the private investment firm announced.

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Rental Condos in La Mesa Sold for $28.3 Million

Partnerships controlled by San Diego-based R&V Management Corp. have purchased the 124-unit Central Park condominium rental property in La Mesa for $28.3 million, according to CBRE Group Inc., which represented the seller.

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San Diego Reportedly Loses America's Cup to Rival Bermuda

San Diego finished second to Bermuda in a high-stakes race to host the 2017 America’s Cup, according to an Associated Press report.

Businesses Need Active Role in Water Conservation

It is no news that we are in the midst of a drought. However, some observers are calling this a drought of historic proportions, far worse than any we have previously seen.

Human Longevity Gains Access to Major Database

San Diego-based Human Longevity Inc., a biological data-driven human health technology and cell therapy company, announced a collaborative agreement with King’s College London to access its TwinsUK Registry.

SoCal Penske Acquires Drew Dealerships

SoCal Penske Dealer Group of Los Angeles has acquired Drew Ford and Drew Hyundai in La Mesa, both part of a family-run dealership company established in 1927, for an undisclosed price.

RecoveryWorks Opens Treatment Program

RecoveryWorks, a new intensive outpatient treatment program for the treatment of alcoholism and addiction, is open and accepting patients, according to its founder, Clark Smith.

Pathway Genomics Partners With Leading Online Registry

Pathway Genomics Corp., a San Diego-based clinical laboratory that offers genetic testing services globally, announced that it has partnered with the Prospective Registry of Multiplex Testing (PROMPT), an online registry for patients who have undergone testing for cancer-causing genetic mutations.

Credit Union and Its Members Rally to Support Rady Children’s

The San Diego County Credit Union recently supported Rady Children’s Hospital-San Diego as a sponsor of two special events.

Qualcomm Sees Cloud-Computing Servers as a Target Market

TECH: Company Still Dealing With Problems In China Market

Qualcomm Inc. sees a future in servers for data centers, specifically for cloud computing, the company’s CEO said Nov. 19.

SDSU Begins Work on $143 Million Mixed-Use Project

San Diego State University has broken ground on South Campus Plaza, a $143 million mixed-use student housing and retail project slated for completion in fall 2016.

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Business Calendar for Week of November 24, 2014

Some of the business events planned for the week of November 24, 2014, and beyond.

Huver Steps Up to Lead Role of San Diego County Bar

Richard Huver will be sworn in as the San Diego County Bar Association’s president for 2015 on Dec. 5, at the organization’s annual “Stepping Up to the Bar,” holiday celebration.

Community Banks Feel the Heat From New Regulatory Climate

FINANCE: Being Bigger Becomes More of a Necessity

Smaller, community banks continue to vanish from the national and local landscape, causing some people to speculate they may eventually become extinct.

BofI Federal Bank Growing Deposits Through Online Channels

BofI Federal Bank grew its deposits over the last year by more than $1 billion, but it still has far more loans than deposits, a rarity in the banking world.

Economic Delegation Brings Home Some Lessons from Abroad

ECONOMY: Germany Trip Explores Country’s Workforce Development

Munich in November may not sound inviting, but a delegation from San Diego hopes to glean insights from a recent visit there that will help build this city’s innovation economy.

Wireless Transmission Makes Quick Work of Previous Record

For starters, something short and fast: Swedish researchers led by Herbert Zirath recorded the fastest wireless data transmission ever, offering details during a convention in San Diego last month.

Group Readies to Build Up Region’s Tourism Reputation, Revenue

TOURISM: Promotion Key To Competing for Visitors, Increasing Hotels’ Business

A year after political turmoil disrupted its funding, handicapping its ability to compete for visitors, the San Diego Tourism Marketing District is pushing forward with efforts to boost local hotel revenue.

Target, Kaiser Collaborate to Open 4 In-Store Expanded Clinics

MEDICINE: Vista and Mission Valley Among Sites Accepting Patients

In a move that reflects the increasing wave of consumer-driven health care, Target Corp. has partnered with Kaiser Permanente to open four in-store Target Clinics in Southern California, adding more options to consumers keeping an eye on their health care budgets.

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Predictive Cloud Puts Retailers A Step Ahead of Shoppers

TECH: Software Shapes Online Shopping Experience Through Variety of Factors

Love it or hate it, it’s the time of year to shop. Those who venture onto the Internet this week may encounter a San Diego company and not even know it.

County Jobless Rate Drops to 5.8 Percent in October

San Diego County’s unemployment rate dipped to 5.8 percent in October, down 0.1 percent from September, as the region added a net of 12,500 jobs during the month, according to the state’s Employment Development Department.

Getting Input on Projects Is a Work in Progress

PROPERTY: Community Involvement Requires More Than Meetings

If the gospel of smart growth isn’t resonating with residents of many San Diego neighborhoods, especially the younger generation, is there a problem with the message? Or is it the messenger, or even the delivery method?

Net Neutrality Debate Over Internet Regulation

TECH: President Sees Telecommunications Act As Enforcement Tool

CEO Lori Steele Contorer sometimes reaches for the term “utility” when describing the Internet. In a way, it’s similar to electricity or phone service.

Employee Retention May Need Attention

Where are your A Players going?

Travel Nurses Fill ‘Utility Player’ Role

HEALTH: Expertise Tapped; System’s Shortfalls Filled

An aging population, expanded coverage due to health care reform and an improving economy are creating an increasingly daunting demand for health care services.

George’s Camera Still in the Picture

RETAIL: San Diego Icon Defies Trends, Opens New Store

The growing army of cellphone selfie-takers is just the latest in a long series of challenges facing specialty camera stores such as George’s Camera in San Diego.

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Shoe Co. Puts Its Best Foot Forward

RETAIL: Fashion-Oriented Focus, Online Efforts Pay Off

Like its mythical namesake, Phoenix Footwear Group is recovering from a near-death experience and rising once again.

Ichor Wields Weapon in Biological Threat Fight

Ichor Medical Systems Inc., a San Diego-based biotech, recently was awarded funding potentially worth $20.2 million over five years from a national defense organization to develop a special kind of immunization to protect U.S. military members and the general population against biological threats.

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When Banks Say No

Finance: Lenders Give Businesses Financing Options

Three years ago, restaurant veterans Hanis Cavin and Sara Stroud opened their own eatery in North Park, Carnitas’ Snack Shack, to rave reviews and lines of eager patrons.

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Reva Medical Inc. Completes $25 Million Financing Transaction

San Diego-based Reva Medical Inc., a medical device company developing stents that can be absorbed by the body, announced that the $25 million financing transaction approved by shareholders on Oct. 31 has been successfully completed.

Thursday, November 20

Waiting Period Ends for Proposed CareFusion, Becton Deal

Becton, Dickinson and Co. and CareFusion Corp. announced that the waiting period mandated under the Hart-Scott-Rodino Antitrust Improvements Act of 1976 regarding Becton’s proposed acquisition of San Diego-based CareFusion expired on Nov. 19.

LRAD Corp. Reports Net Income of $3.3 Million for Fiscal 2014

LRAD Corp., the Rancho Bernardo maker of high-volume acoustic devices used by the military and law enforcement, reported net income of $3.3 million for fiscal 2014, up 164 percent from the $1.3 million recorded in fiscal 2013.

Neothetics to Sell 4.65 Million Shares to Raise $65.1 Million

San Diego-based Neothetics Inc., a developer of cosmetic therapies, said it will sell 4.65 million shares at $14 apiece in an initial public offering. The gross total to be raised is $65.1 million.

North Park Apartment Complex Sells for $3.28 Million

Bill N. Shepard Trust of El Cajon has acquired an 18-unit apartment complex in San Diego’s North Park neighborhood for approximately $3.28 million, according to CoStar Group and public data.

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SeaPort Airlines Plans New Local Service to San Felipe

SeaPort Airlines plans to begin non-stop service between San Diego and San Felipe, in the Mexico state of Baja California, on Dec. 15.

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Seven More Cities Join HERO Program

Seven more cities in San Diego County officially launched Home Energy Renovation Opportunity programs allowing home owners and commercial property owners to install energy and water efficiency improvements without any capital outlay and repayments made on property tax bills.

$60 Million East Village Apartment Project Approved

Civic San Diego, the city’s downtown project oversight agency, has approved plans for the $60 million Broadstone Makers Quarter, a 269-unit mixed-use apartment project to be built in East Village.

PetCo Purchases Online Supplier Drs. Foster and Smith

Petco, the San Diego-based pet supplies retailer that operates about 1,300 stores, said it agreed to purchase Wisconsin-based Drs. Foster and Smith, an online pet supply company that specializes in pet care and education, for an undisclosed price.

Wednesday, November 19

Qualcomm Executives Discuss Revenue Expectations

Qualcomm Inc. executives spoke about long-term growth with New York analysts on Wednesday, saying the company expects revenue — which was $26.5 billion in fiscal 2014 — to grow at a compound annual growth rate of 8-10 percent through fiscal 2019.

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Jack in the Box Reports Quarterly, Fiscal 2014 Results

Shares of Jack in the Box were popping by nearly $4 in midday trading Nov. 19 on the Nasdaq exchange, pushing the stock above $75, following the release of the company’s quarterly and fiscal 2014 results.

Receptos' Pricing Puts Public Offering of Common Stock at $360M

Receptos Inc., a biopharmaceutical company developing drug candidates to treat immune and metabolic diseases, announced the pricing of an underwritten public offering at $360 million for 3,600,000 shares of its common stock at a price to the public of $100 per share.

SDSU Begins Work on $143 Million Mixed-Use Project

San Diego State University has broken ground on South Campus Plaza, a $143 million mixed-use student housing and retail project slated for completion in fall 2016.

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BioMed Realty and Broad Institute Form Strategic Partnership to Promote Innovation

San Diego-based BioMed Realty Trust Inc. and the Broad Institute of MIT and Harvard announced a strategic partnership to foster innovation and promote relationships between academia and the life science industry.

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Chargers Blood Drive Set for November 25

The 36th annual Chargers Blood Drive, sponsored by San Diego County Credit Union, will be held on Tuesday, Nov. 25 from 9 a.m. to 6 p.m. at the Town and Country Resort Hotel & Convention Center in Mission Valley.

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SoCal Penske Dealer Group Acquires Drew Ford

SoCal Penske Dealer Group of Los Angeles has acquired Drew Ford and Drew Hyundai in La Mesa, both part of a family-run dealership company established in 1927, for an undisclosed price.

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Isaac Capital Group Purchases $5 Million in Stock in Dataram Corp.

Isaac Capital Group LLC, a San Diego-based private investment firm, said it closed a $5 million preferred stock purchase in Dataram Corp., a New Jersey-based manufacturer of computer memory and software products.

Imperial Beach Apartment Property Sells for $5.5 Million

Imperial Beach Resort LLC of Henderson, Nev., has purchased Beach Town Rentals, a 31-unit apartment property in Imperial Beach, for $5.5 million, according to CoStar Group and public data.

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Tuesday, November 18

PsychArmor Gets $1 Million Donation to Open Center

PsychArmor, a nonprofit that helps veterans and their families, recently received a $1 million donation from the Rebecca Moores Foundation. The grant will help launch the Moores Center for Military Service Providers, which will assist civilian mental health practitioners who care for veterans, as well as others who provide similar services.

Allylix Inc. Acquired by Swiss Company

Evolva Holding SA announced it has agreed to acquire San Diego-based Allylix Inc. in an all-stock transaction.

Organovo Releases Commercial Version of 3D Liver Tissue

Organovo Holdings Inc., a company that creates human tissues by 3-D bioprinting, announced the release of a commercial version of its bioprinted human liver tissue, specifically designed for testing drug toxicity.

ResMed's Sleep-Monitoring Device Now Available at Apple Stores

ResMed Inc., a San Diego-based company that develops medical devices for sleep apnea and other sleep-related breathing disorders, announced that its newest sleep-monitoring device will be available through Apple retail stores in the United States and from the Apple Online Store.

Ralphs Plans to Hire 1,200 in Southern California

Ralphs Grocery Co. of Los Angeles has announced plans to fill an estimated 1,200 permanent positions at its supermarkets in Southern California.

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Franklin Wireless Reports Q1 Net Sales of $13.6 Million

Franklin Wireless Corp., a San Diego maker of high-speed wireless modems and routers, reported fiscal 2015 first quarter net sales of $13.6 million, compared with $1.4 million in net sales for the like period of the prior fiscal year.

Dec. 1 Groundbreaking Slated for New Little Italy Plaza

The Little Italy Association and San Diego-based developer H.G. Fenton Co. plan a Dec. 1 groundbreaking for Piazza Famiglia, a 10,000-square-foot public plaza serving the downtown neighborhood.

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Pizzeria Mozza Restaurant at The Headquarters Closing

Restaurant operator Batali & Bastianich Hospitality Group has announced a Nov. 30 closing for its Pizzeria Mozza in downtown San Diego, which opened a year ago among the first tenants at The Headquarters at Seaport District.

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Padres to Turn Petco Park into Holiday Wonderland

The San Diego Padres are transforming Petco Park into a Holiday Wonderland that includes interactive lighting displays, falling snow, reindeer, flocked trees, and Santa Claus for 12 nights starting Dec. 5.

Monday, November 17

IFAN Financial Acquires Mobicash America

IFAN Financial Inc., a San Diego company that develops and distributes software to enable mobile payments, said it completed a share exchange with shareholders of Mobicash America Inc., and acquired the business as a wholly owned subsidiary.

5Barz International Reports Raising $3.45 Million

San Diego-based 5Barz International Inc., which produces wireless communications infrastructure, said in a Nov. 17 securities filing that it raised $3.45 million by selling 23 million shares at 15 cents per share. The business sold the shares between March 6 and Nov. 14.

Soci Reports Receiving $1.5 Million in Series A Funding

Soci, an Internet company based in downtown San Diego, said it received $1.5 million in series A funding. Peter Fisher, co-founder of Shepherd Ventures, led the round. Silicon Valley Growth Syndicate provided the anchor investment. Other investors included Asaf Benhaim, Trevor Klein and David Klein.

Agreement Gives Human Longevity Inc. Access to Major Database

San Diego-based Human Longevity Inc., a biological data-driven human health technology and cell therapy company, announced a collaborative agreement with King’s College London to access its TwinsUK Registry.

RecoveryWorks Offers Treatment Program for Professionals

RecoveryWorks, a new intensive outpatient treatment program for the treatment of alcoholism and addiction, is open and accepting patients, according to its founder, Clark Smith.

San Marcos Retail Center Sells for $5.25 Million

A buyer recorded as Oda LLC has purchased a San Marcos retail center for $5.25 million, according to the brokerage company Pacific Coast Commercial, which represented the buyer.

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Chula Vista Retail Property Sells for $9.8 Million

An affiliate of Paragon Real Estate Fund of San Diego has purchased the retail portion of the mixed-use Heritage Town Center in Chula Vista for $9.8 million, according to CoStar Group and public data.

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Pathway Genomics Corp. Partners With Online Registry

Pathway Genomics Corp., a San Diego-based clinical laboratory that offers genetic testing services globally, announced that it has partnered with the Prospective Registry of Multiplex Testing (PROMPT), an online registry for patients who have undergone testing for cancer-causing genetic mutations.

Fresh Health Vending Reports Q1 Revenue of $1.85 Million

Fresh Health Vending International Inc., a San Diego franchisor of vending machines dispensing healthy snacks, reported fiscal 2015 first quarter revenue of $1.85 million, down 8.3 percent from the like quarter of the prior fiscal year.

Sunday, November 16

Vista Industrial Building Sells for $13.55 Million

An entity listed as KI-Vista-LPSM LLC has purchased a building at Vista Business Park for $13.55 million, which it is leasing to Escondido-based Stone Brewing Co. for a previously confirmed new distribution center, according to brokerage company Cushman & Wakefield Inc.

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City's Bond Rating Gets Upgrade From Moody's

Moody’s Investors Services upgraded its rating for the city of San Diego’s outstanding lease revenue bonds from A2 to A1, with a stable outlook.

InfoSonics Reports Third Quarter Net Loss of $630,000

InfoSonics Corp. — the San Diego company behind the verykool brand of smartphones and tablets, which it distributes to customers in the Americas — reported a net loss of $633,000 on net sales of $8.1 million during its third quarter. The company essentially broke even in the same quarter one year ago, with net income of $34,000 on net sales of $9.9 million.

Faheem Hasnain Named Chairman of Tocagen Board of Directors

Tocagen Inc., a clinical-stage company working on therapies that boost the immune response to cancer, announced that Faheem Hasnain, president and chief executive officer of Receptos Inc., has been appointed as chairman of the board of directors.

La Jolla-Based Sophiris Bio Reports Q3 Results

La Jolla-based Sophiris Bio Inc., a clinical stage biopharmaceutical company developing products for the treatment of urological diseases, announced its third quarter financial results.

The Business Calendar for the Week of Nov. 17, 2014

Some of the business events planned in the county for the week of November 17, 2014.

Otonomy Inc. Reports Third Quarter Financials

San Diego-based Otonomy Inc., a clinical-stage biopharmaceutical company developing treatments for the inner and middle ear, announced financial results for the third quarter of 2014.

Rudolph and Sletten Awarded $60 Million Contract at Southwestern College

The San Diego office of general contractor Rudolph and Sletten was recently awarded the construction contract for a $60 million Math, Science and Engineering Building planned at Southwestern College in Chula Vista.

Annex Brands Acquires 27 Parcel Plus Franchises

Annex Brands, Inc. announced the acquisition of 27 Parcel Plus shipping franchises from Eagle Franchise Systems, Inc. and its parent, International Center for Entrepreneurial Development Inc., based in Cypress, Texas.

Overland Storage Sets Special Shareholders Meeting

Overland Storage Inc., the San Diego provider of data storage systems, set a special shareholders meeting for Nov. 28 to approve the company’s merger with Ontario, Canada-based Sphere 3D, but approval would appear to be a foregone conclusion.

Friday, November 14

General Atomics Awarded U.S. Army Contract Worth $17.1 Million

The U.S. Army awarded Poway-based General Atomics Aeronautical Systems Inc. a contract modification that may be worth as much as $17.1 million.

Moody's Upgrades City of San Diego's Bond Rating

Moody’s Investors Services upgraded its rating for the city of San Diego’s outstanding lease revenue bonds from A2 to A1, with a stable outlook.

$60 Million Math-Science Building Planned at Southwestern College

The San Diego office of general contractor Rudolph and Sletten was recently awarded the construction contract for a $60 million Math, Science and Engineering Building planned at Southwestern College in Chula Vista.

Water Will Reign As Issue Worthy of Attention

Confession is said to be good for the soul. Here is mine: I have a drinking problem.

Historic Britt-Scripps House in Bankers Hill Sold

New Romax Inc. of El Monte has purchased the historic Britt-Scripps House, in San Diego’s Bankers Hill neighborhood, for $2.9 million, according to brokerage company Colliers International.

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InfoSonics Corp. Reports Q3 Net Loss of $633,000

InfoSonics Corp. — the San Diego company behind the verykool brand of smartphones and tablets, which it distributes to customers in the Americas — reported a net loss of $633,000 on net sales of $8.1 million during its third quarter. The company essentially broke even in the same quarter one year ago, with net income of $34,000 on net sales of $9.9 million.

BSC Expects to Boost Business with Its Latest Acquisition

BANKING: It Is Now S.D.’s Sixth-Largest Community Bank

San Diego-based Bank of Southern California acquired the assets and deposits of failed El Paseo Bank in Palm Desert, expanding BSC’s footprint in the Coachella Valley to four branches. It now has a total of eight branches.

Indoor Skydiving Facility Planned for Mission Valley

Austin-based iFly Holdings LLC has announced plans for a $10 million entertainment facility in Mission Valley, with high-powered wind tunnel systems providing an indoor skydiving experience.

Kilroy Begins Work on $45 Million Del Mar Heights Office Project

PROPERTY: It Is Aiming to Meet LEED Gold Standards

Kilroy Realty Corp. of Los Angeles has begun construction on a new $45 million office building, which officials said is the first speculative construction in eight years in San Diego’s Del Mar Heights submarket.

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Law Firms Opt for Renewals as Landlords Gain Leverage

TROPHY SPACE: Lack of New Inventory, Pressure on Costs Deter Movement

Need proof that commercial real estate has recovered from the worst of the Great Recession?

Into the Spotlight

PROPERTY: National Investors Find Deals in San Diego Market

San Diego recently placed 24th in a global ranking of cities based on commercial property investment dollar volume for the year ending June 30.

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Isis Offers $425 Million of Convertible Senior Notes

Isis Pharmaceuticals Inc. announced that it intends to offer $425 million of convertible senior notes, due in 2021, in a private placement, subject to market and other considerations.

Vista Industrial Building Sells for $13.55 Million

An entity listed as KI-Vista-LPSM LLC has purchased a building at Vista Business Park for $13.55 million, which it is leasing to Escondido-based Stone Brewing Co. for a previously confirmed new distribution center, according to brokerage company Cushman & Wakefield Inc.

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Developer in $50 Million Scam Receives a 10-year Sentence

A former Escondido commercial developer was sentenced to 10 years in prison Nov. 10 for bilking about 150 investors, including many retired seniors, of $50 million, according to the U.S. Attorney’s Office in San Diego.

Breast Cancer Study Finds Pluses in Use of Proton Therapy

Despite its reputation for being expensive, proton cancer therapy may cost the same or less than other cancer therapies, according to a recent study using Medicare reimbursement codes.

Heroes Honored During American Indian Heritage Month

Two local heroes were honored by KPBS and Union Bank for American Indian Heritage Month in November.

Co. Opens New Dubai Office

San Diego-based Cumming, which provides construction project management and cost consulting services, has expanded its international operations by opening a new office in Dubai.

Entropic Cuts Jobs And CEO

Entropic Communications Inc. made a big change at the top on the same day it reported large-scale layoffs and a quarterly loss.

Business Calendar for Week of November 17, 2014

Some of the business events planned for the county for the week of November 17, 2014, and beyond.

Otonomy Inc. Reports Increased R&D Expenses in Q3

San Diego-based Otonomy Inc., a clinical-stage biopharmaceutical company developing treatments for the inner and middle ear, announced financial results for the third quarter of 2014.

Health Care Reset Button Will Get Pushed, But Not all the Way

While the election results ensure a new round of attacks on Obamacare, experts say a full repeal of the federal health care law is, well, impossible.

Merger Approval Subject of Overland Storage's Shareholders Meeting

Overland Storage Inc., the San Diego provider of data storage systems, set a special shareholders meeting for Nov. 28 to approve the company’s merger with Ontario, Canada-based Sphere 3D, but approval would appear to be a foregone conclusion.

Alliance Plans 7-Story Mixed-Use Project in the East Village

It turns out that Alliance Residential Co. wasn’t through with downtown San Diego when it recently decided to sell its 203-unit Broadstone Little Italy for $102.5 million, not long after completing the project earlier this year.

Some Well-Timed Bank Buys Prove Profitable for Investors

Recent bank deals affecting large swaths of the West and San Diego prove that private equity prefers cashing out of investments and the preferred holding time is no more than five years.

This Portable Office Pod Only Comes ‘in Green’

CLEAN-TECH: It Replaces Construction Trailer With a Sustainable Work Environment

A local construction company has discovered an eco-friendly and cost-effective use for those recycled shipping containers that have become the latest fad in green homebuilding.

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How Will the Election Shake-Ups Shake Out on the Budget?

With November elections in the rearview mirror, members of Congress will soon take up the 2015 defense budget.

Improving Economy Changes the Holiday Hiring Dynamic

WORKFORCE: Filling Positions Usually Starts 2 Months in Advance

Dominique Hernandez is working longer hours these days. She has jobs to fill, people to train.

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Novatel Names Mashinsky CEO

The board of Novatel Wireless Inc. has named Alex Mashinsky, 49, as its permanent CEO, the business announced.

Green Flash Brewing Acquires Alpine Beer Co.

Green Flash Brewing Co. of San Diego has announced it is acquiring the East County-based Alpine Beer Co. for an undisclosed price.

S.D. Firms Tackle Symptoms, Ebola Diagnostics

MEDICINE: The Cos. Have the Capacity for Ramping Up Production

Another San Diego-based company is taking aim at Ebola, but unlike the other companies, Leading BioSciences Inc. is focusing on treating the symptoms of the deadly virus rather than targeting the virus itself.

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And Now For The Top Story: Us

“Women Who Mean Business” is one of SDBJ’s biggest and most impactful events of the year, and we do A LOT of events.

Loan Distress On the Decline

PROPERTY: Glut of Loans Coming Due Should Be OK

Thanks to an improving commercial real estate climate, San Diego-based Douglas Wilson Cos. has witnessed a steady decline in bank foreclosures on properties since the end of the Great Recession, meaning less need for its bank- and court-appointed property disposition services, though there are still pockets of those cases being handled by the company’s four offices nationwide.

Movie Plays Supporting Role for Legoland

TOURISM: Attraction Builds On Attention Film Generates

An old-school toymaker went Hollywood in a big way this year, as “The Lego Movie” racked up more than $468 million in global ticket sales.

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Making Winners

GAMING: Bally Bets on S.D. Slot Designers to Pay Off

Los Angeles has pop culture, Las Vegas has the casino game industry and San Diego has an abundance of software talent.

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Annex Brands Acquires 27 Parcel Plus Franchises

Annex Brands, Inc. announced the acquisition of 27 Parcel Plus shipping franchises from Eagle Franchise Systems, Inc. and its parent, International Center for Entrepreneurial Development Inc., based in Cypress, Texas.

Receptos CEO Named Chairman of Tocagen's Board of Directors

Tocagen Inc., a clinical-stage company working on therapies that boost the immune response to cancer, announced that Faheem Hasnain, president and chief executive officer of Receptos Inc., has been appointed as chairman of the board of directors.

California Western School of Law Takes First Prize in Competition

In a showdown mock trial competition involving San Diego’s three law schools, California Western School of Law came out on top, besting the litigator teams from Thomas Jefferson and University of San Diego schools of law.

Sophiris Bio Inc. Reports Third Quarter Results

La Jolla-based Sophiris Bio Inc., a clinical stage biopharmaceutical company developing products for the treatment of urological diseases, announced its third quarter financial results.

Thursday, November 13

Philanthropist Sally Thornton Leaves Mitek Board

Sally Thornton, a director of San Diego-based Mitek Systems Inc. for decades and the wife of company Chairman John Thornton, stepped down from her seat on the board Nov. 4, the company told securities regulators.

Hush Kickstarter Campaign Raises One-Third of Goal By Second Day

Hush, a technology company in residence at the EvoNexus incubator downtown, attained one-third of its $100,000 donation goal by the second day of its Kickstarter crowd funding campaign on Nov. 13.

Pfenex Inc. Reports Q3 Revenue of $2.8 Million

Pfenex Inc., a clinical-stage biotechnology company that makes biosimilars, including vaccines for anthrax and malaria, reported financial results for the third quarter that ended Sept. 30, 2014.

Rady's Intellectual Capital Ranked No. 1 by Bloomberg Businessweek

The Rady School of Management at the University of California, San Diego ranked 1st in the United States in intellectual capital in Bloomberg Businessweek’s business school rankings.

Anesa Chaibi Named to Board of Regal Beloit Corp.

San Diego executive Anesa Chaibi has been named to a seat on the board of Regal Beloit Corp., a $3.1 billion Wisconsin company that manufactures electric motors, generators and controls.

Mast Therapeutics Closes Underwritten Public Offering

Mast Therapeutics Inc., a clinical stage biopharmaceutical company, announced the closing of its underwritten public offering of $21 million in equity securities.

E.Digital Reports Q2 Net Loss of $173,000

E.Digital Corp., a San Diego technology developer and licensor, reported fiscal 2015 second quarter net loss of $173,000, compared to a net loss of $410,000 for the like quarter of the prior fiscal year.

Kilroy Begins Work on $45 Million Del Mar Heights Office Project

Kilroy Realty Corp. of Los Angeles has begun construction on a new $45 million office building, which officials said is the first speculative construction in eight years in San Diego’s Del Mar Heights submarket.

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Historic Britt-Scripps House in Bankers Hill Sold for $2.9 Million

New Romax Inc. of El Monte has purchased the historic Britt-Scripps House, in San Diego’s Bankers Hill neighborhood, for $2.9 million, according to brokerage company Colliers International.

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La Mesa Apartment Property Sells for $5.4 Million

Lenrae LLC of La Mesa has purchased a 27-unit apartment building in that city for approximately $5.4 million, according to CoStar Group and public data.

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Median Price for Home in October Was $440,000

The median price of a house sold in San Diego County in October was $440,000, down 1 percent from the median price paid in September, said Corelogic Dataquick.

Wednesday, November 12

Defense Industry Group Hears From Mayor

Mayor Kevin Faulconer told a defense industry group on Nov. 12 that he feels litigation regarding the Navy Broadway Complex is closer to its end than its beginning.

DJO Global Reports Q3 Net Sales of $305.5 Million

DJO Global Inc., the Vista manufacturer of orthopedic devices, reported third-quarter net sales of $305.5 million, up 6.1 percent from the net sales of the like quarter of 2013.

Reebok Opening Two FitHub Stores in San Diego

Fitness apparel and equipment maker Reebok International Ltd. is opening four Southern California locations of a new retail chain known as Reebok FitHub, including two in San Diego.

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Haskell Construction Acquires Consultants FreemanWhite

Haskell, a national design, engineering and construction firm, announced it has acquired FreemanWhite, a Charlotte-based consulting and design practice focused exclusively on the health care sector. FreemanWhite has an office in San Diego.

WEST Consultants Awarded $4.9M Army Corps of Engineers Contract

San Diego-based WEST Consultants Inc. recently announced a $4.9 million contract from the U.S Army Corps of Engineers.

Pasha to Acquire Some of Horizon Lines' Assets for $141.5 Million

The Pasha Group, which operates a large auto import/export operation at the National City Marine Terminal, said it has agreed to acquire substantial assets of Horizon Lines Inc., including four container ships, for about $141.5 million.

Chula Vista Apartment Property Sells for $22.56 Million

Sunwest Management Co. of La Mesa has purchased the 94-unit One Park apartment community in Chula Vista for $22.56 million, according to CoStar Group and public data.

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Pulse Electronics Reports Q3 Operating Loss of $1.6 Million

Pulse Electronics Corp., a San Diego manufacturer of electronic components in China, reported a third quarter operating loss of $1.6 million, compared with an operating profit of $500,000 for the like quarter of last year.

Tuesday, November 11

Noble Environmental Technologies Raises $6 Million From Two Investors

Noble Environmental Technologies Corp., an environmental technology and manufacturing company in San Diego, has raised $6 million from the sale of securities to two undisclosed investors, according to a recent regulatory filling.

Startup Wireless Diagnostics Systems Raises $500,000

Wireless Diagnostic Systems Inc., a San Diego startup developing patient monitoring devices with technology from the California Institute of Technology lab of Axel Scherer, raised $500,000 from Domain Associates, according to a recent regulatory filing.

General Dynamics Nassco Begins Construction of 3 Tankers

General Dynamics Nassco kicked off construction of three 610-foot-long product tankers for SEA-Vista LLC with ceremonies Nov. 7 at its Barrio Logan shipyard.

Project Services Provider Cumming Opens Larger Office in Dubai

San Diego-based Cumming, which provides construction project management and cost consulting services, has expanded its international operations by opening a new office in Dubai.

Isis to Offer $425 Million of Convertible Senior Notes

Isis Pharmaceuticals Inc. announced Monday that it intends to offer $425 million of convertible senior notes, due in 2021, in a private placement, subject to market and other considerations.

Developer Gets 10 Years in Prison For $50 Million Scam

A former Escondido commercial developer was sentenced to 10 years in prison on Nov. 10 for bilking about 150 investors, including many retired seniors, of $50 million, according to the U.S. Attorney’s Office in San Diego.

Green Flash Brewing Acquires Alpine Beer Co.

Green Flash Brewing Co. of San Diego has announced it is acquiring the East County-based Alpine Beer Co. for an undisclosed price.

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RF Industries to Acquire Comnet Telecom Supply

RF Industries Ltd., the San Diego makers and distributors of wireless cable assemblies, said it signed a non-binding term sheet to acquire Comnet Telecom Supply Inc., a New Jersey distributor of telecom and data products, for an undisclosed amount of cash and stock.

Price For Single-Family Home Drops to $496,750 in October

The median price for a single-family house in San Diego dipped 3 percent to $496,750 in October from the prior month, according to the Greater San Diego Association of Realtors.

Monday, November 10

Entropic Parts Ways with CEO; Plans to Cut 200 Jobs

Entropic Communications Inc. made a big change at the top on the same day it reported large-scale layoffs and a quarterly loss.

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Proton Cancer Therapy Less Costly Than Thought, Data Shows

Despite its reputation for being expensive, proton cancer therapy may cost the same or less than other cancer therapies, according to a recent study using Medicare reimbursement codes.

San Diego County Credit Union Reports Net Income of $75M

San Diego County Credit Union, the area’s largest credit union and second-largest locally-based financial institution, reported net income for the nine months ended Sept. 30 of $75 million, up from $66.7 million in net income for the like period of 2013.

Montreal Indoor Surf Park to Feature SurfStream Wave System

American Wave Machines of Solana Beach said that a client plans to open an all-season indoor surf park in a city with freezing winters and more than 7 feet of snowfall per year: Montreal.

Carlsbad Biotech Gets FDA Clearance For Stem Cell Line

International Stem Cell Corp., a Carlsbad-based biotech company developing stem cell therapies and biomedical products, announced that the U. S. Food and Drug Administration has cleared the company’s human parthenogenetic stem cells line for investigational clinical use.

Oceanside Retail Buildings Sold for $4.1 Million

Pier View LLC of Glendora has purchased three Oceanside retail buildings for $4.1 million, according to CoStar Group and public data.

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Safeway Division Opens New Retail Center in Carlsbad

Property Development Centers LLC, a division of Pleasanton-based Safeway Inc., recently held a soft opening for La Costa Town Square, a new Vons-anchored retail center in Carlsbad.

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Bank of Southern California Assumes Assets, Deposits of Seized Bank

San Diego-based Bank of Southern California assumed all the deposits and assets of Frontier Bank in Palm Desert following its seizure by federal bank regulators on Nov. 7.

Sunday, November 9

Alex Mashinsky Named Permanent CEO at Novatel Wireless

The board of Novatel Wireless Inc. has named Alex Mashinsky, 49, as its permanent CEO, the business announced. Mashinsky, who had been interim CEO since June, signed an agreement Nov. 2 stating that he will serve initially for three years.

Q3 Net Income of $30.3 Million For Encore Capital

Encore Capital Group Inc., the San Diego buyer and collector of charged-off credit card debt, reported third quarter net income of $30.3 million, compared to net income of $21.8 million for the like quarter of 2013.

Arthur J. Gallagher & Co. Acquires Discovery Benefit Solutions

Discovery Benefit Solutions Inc., an insurance firm based out of Mission Valley that specializes in employee benefit plans, has been acquired by Arthur J. Gallagher & Co., the fourth-largest international brokerage firm.

Encinitas-Based Developer a Partner in $360M Mixed-Use Resort

A partnership that includes Encinitas-based developer The Robert Green Co. has secured La Quinta City Council approvals for a planned $360 million mixed-use resort in that Coachella Valley community.

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The Business Calendar for the Week of Nov. 10, 2014

Some of the business events planned for the week of Nov. 10, 2014, and beyond.

Datashield LLC Receives $4M in Financing From Huntington Capital

Huntington Capital Fund III, a San Diego-based private equity fund, said it completed a $4 million loan and equity commitment to Datashield LLC, an Arizona-based managed security services provider.

Two Coronado Retail Properties Purchased for $4.25 Million

A Newport Beach entity recorded as Russell E. Fluter Separate Property Trust has purchased two Coronado retail properties for $4.25 million, according to CoStar Group and public data.

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Senomyx Inc. Reports Q3 Revenue of $5.9 Million

San Diego-based Senomyx Inc. announced unaudited revenue of $5.9 million for the third quarter ended Sept. 30, compared with $6.7 million for the like quarter of 2013.

Friday, November 7

Senomyx Reports Q3 Results

San Diego-based Senomyx Inc. announced unaudited revenue of $5.9 million for the third quarter ended Sept. 30, compared with $6.7 million for the like quarter of 2013.

Cubic Corp. Awarded $20 Million Contract

The Royal Australian Air Force recently awarded Cubic Corp. a contract worth more than $20 million. Under the deal announced on Nov. 5, Cubic (NYSE: CUB) will provide air combat training electronics for several types of military jets.

F-35, 5th Generation, Maintains San Diego Roots

It was an historic moment in which San Diego played a prominent role.

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Huntington Capital Provides Financing to DataShield LLC

Huntington Capital Fund III, a San Diego-based private equity fund, said it completed a $4 million loan and equity commitment to Datashield LLC, a Utah-based managed security services provider.

Home of the Month: Music-Inspired Mansion on Mount Helix

This residence at 4625 Calavo Drive on Mount Helix in La Mesa was built for Charles Wakefield Cadman in 1930, a famous American composer in Los Angeles. Cadman was considered one of the top Hollywood film composers at the time, and was considered an expert on American Indian music.

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Making Closer Connections

Proximity-Beacon Systems Part of Promising Technology on Display at Verizon Ventures Meeting

As you make your way north on the crowded sidewalks of San Diego’s Gaslamp Quarter, your smartphone suddenly comes to life.

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With ‘Computational Photography Platform,’ Seeing is Believing

You could call it a camera, but its builder wants you to think bigger.

EY Volunteers Plant Seeds of Hope in Conservation Garden

EY (formerly Ernst & Young) gave all of its 300 accountants and other professionals in San Diego the day off recently to volunteer and give back to the community as part of its annual “EY Connect Day.”

Executive Q&A: Mike Grey, Venture Partner of Pappas Ventures

Mike Grey has worked in the life sciences industry for more than 40 years, from the labs of pharmaceutical giants to launching and operating biotech startups as a chief executive.

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Budget Cuts Will Create Crowd Scene at Downtown Court

You have read in this column about the financial pinch Gov. Brown and the Legislature have put on the San Diego Superior Court.

Alex Mashinsky Named CEO of Novatel Wireless Inc.

The board of Novatel Wireless Inc. has named Alex Mashinsky, 49, as its permanent CEO, the business announced. Mashinsky, who had been interim CEO since June, signed an agreement Nov. 2 stating that he will serve initially for three years.

Vibra Transaction: County Has One Less Community Bank

Vibra Bank CEO Frank Mercardante insisted the sale of his Chula Vista bank to Los Angeles-based Pacific Commerce Bank wasn’t a sale but a merger.

Small Ramona Brewer Gets Financial Assist From Big Player

BREWING: ChuckAlek Also Chosen For Boston Mentoring Program

Among the dozens of craft brewers serving up suds during the annual San Diego Beer Week – which kicked off Nov. 7 and was slated to run through Nov. 16 – are several smaller players who required a little financial help from friends and family to stake their claim in the increasingly competitive industry.

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Tourism Group Streamlines Efforts to Nab More Sports Events

MARKETING: SDTA Gets Sports Commission Funds, Leadership Role

With the region recently landing the Breeder’s Cup for 2017, local sports and tourism marketing officials are streamlining efforts to lure more high-profile, hotel-room-night-generating sports events to San Diego.

Del Mar Invests in the Future With Its Fall Meet

SPORT: It Aims to Draw College Students and Additional Breeders’ Cups

The Del Mar Thoroughbred Club is using some of the same promotions from its successful summer meet in its fall meet that opened Nov. 7.

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Coronado Retail Buildings Sell for $4.25 Million

A Newport Beach entity recorded as Russell E. Fluter Separate Property Trust has purchased two Coronado retail properties for $4.25 million, according to CoStar Group and public data.

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Escondido Office Property Sells for $3.7 Million

San Diego-based SENTRE Partners has purchased Escondido Gateway, a 26,000-square-foot office property in Escondido, for $3.7 million, marking the company’s third acquisition this year in North County.

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Business Calendar for Week of Nov. 10, 2014

Some of the business events planned in the county for the week of Nov. 10, 2014, and beyond.

Encore Capital Group Reports Q3 Net Income of $30.3 Million

Encore Capital Group Inc., the San Diego buyer and collector of charged-off credit card debt, reported third quarter net income of $30.3 million, compared to net income of $21.8 million for the like quarter of 2013.

Co. Aims to Disrupt Health Care Temp-Staffing Model With Website

MEDICINE: Site Streamlines the Process, Eliminates Need for Broker

There are scores of staffing agencies nationwide that cater to doctors looking for temporary work and hospitals seeking part-time physicians.

Qualcomm Posts Record $26.49 Billion in Revenue

TECH: Wireless Giant Faces Regulatory Scrutiny Here and Abroad

Qualcomm Inc., San Diego’s biggest public company, sailed to record revenue of $26.49 billion during the fiscal year that ended in September.

Firm Has Nature’s Back as Projects Proceed

DEVELOPMENT: Environmental Concerns Keep Sector Growing

The founder and president of Great Ecology says this past spring’s property-destroying wildfires in North County, like others in the San Diego region, served as a reminder of how nature and development are increasingly crossing paths, with potentially bad side effects.

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Recovery’s Story Varies By Whose Books You Look At

National University System Institute for Policy Research projects that San Diego County’s GDP will increase by 4.3 percent in 2014 to an all-time high of $206.4 billion.

Partnership Including Encinitas Firm Plans $360 Million La Quinta Resort

A partnership that includes Encinitas-based developer The Robert Green Co. has secured La Quinta City Council approvals for a planned $360 million mixed-use resort in that Coachella Valley community.

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Exhibit Builder On Record Pace

TRADE SHOWS: Recovery a Boon for Punch Visual Concepts

The guys at Punch Visual Concepts say based on their San Diego business’s record year so far, the economy is definitely rebounding.

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Receptos’ Pipeline Looks Promising

BIOTECH: Analysts Expect Sales in Billions for the Company

San Diego biotech Receptos Inc. watched its stock price soar last month after the company shared promising trial data involving a treatment for ulcerative colitis, an autoimmune inflammatory disorder affecting about 700,000 people in the United States, with 70,000 new cases diagnosed every year, according to the National Institutes of Health.

‘The Physician Assistant Will See You Now’

HEALTH CARE: Hospitals Respond to Physician Shortage With New Staffing Model

A new model of “team-based” patient care in San Diego County could fill the gaps left by doctor shortages as hospitals and medical groups divvy up responsibilities among less-costly support staff, such as physician assistants and nurse practitioners.

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Putting on A Fresh Face

DINING: Chain Is Emphasizing Ingredients, Key Role of Farmers

The newly appointed CEO of San Diego-based Garden Fresh Restaurant Corp. knows the hard work involved to get to the top in his professional and personal life.

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Discovery Benefit Solutions Acquired by Arthur J. Gallagher & Co.

Discovery Benefit Solutions Inc., an insurance firm based out of Mission Valley that specializes in employee benefit plans, has been acquired by Arthur J. Gallagher & Co., the fourth-largest international brokerage firm.

DexCom Inc. Reports Third Quarter Financials

DexCom Inc., a San Diego-based medical device company, reported its unaudited financial results for the quarter ended Sept. 30, 2014.

Thursday, November 6

Kratos Reports Third Quarter Loss, Receives $81M Contract

Kratos Defense & Security Solutions Inc., the San Diego holding company with subsidiaries around the country, issued a flurry of announcements on Nov. 6, including quarterly financial results.

Third Quarter Revenue, Income Rise at American Assets Trust

Total revenue at American Assets Trust Inc. rose 3 percent from a year ago for the third quarter ending Sept. 30, reaching $67.3 million, the San Diego-based company reported.

CareFusion Reports $922 Million in First Quarter Revenue

CareFusion Corp., a medical technology company in San Diego, reported $922 million in revenue for its first quarter of fiscal 2015, an 11 percent increase from the same quarter last year, according to financial statements.

Padres Replacing Video Scoreboard

The San Diego Padres are replacing the outmoded video scoreboard in left field as part of ongoing improvements to Petco Park promised when its new ownership team took over two years ago.

Mast Therapeutics Prices Underwritten Public Offering

San Diego-based Mast Therapeutics Inc., a clinical-stage biopharmaceutical company, announced the pricing of its underwritten public offering that is expected to raise gross proceeds of approximately $21 million.

AmericanWest Bank Announces Merger with Banner Bank

AmericanWest Bank, with seven branches in San Diego and headquartered in Spokane, Wash., said it’s merging with Banner Bank, also based in Washington, in a deal that would create a “super community bank” with more than $9.7 billion in assets, and about 190 branches in five western states.

Ebola Patient Treated With S.D. Device 'Virus Free'

San Diego-based Aethlon Medical Inc., a medical device company that offered its blood purifier device to treat an Ebola patient in Germany, announced that the hospital reported the patient “virus free.”

WiLAN Makes San Diego Its U.S. Headquarters

WiLAN, a Canadian wireless technology development business, said it moved its U.S. headquarters from Ft. Lauderdale, Fla., to San Diego.

$10 Million Indoor Skydiving Facility Planned in Mission Valley

Austin-based iFly Holdings LLC has announced plans for a $10 million entertainment facility in Mission Valley, with high-powered wind tunnel systems providing an indoor skydiving experience.

Qualcomm Says Company Under Scrutiny By Regulators

U.S. and European regulators began investigating chip maker Qualcomm Inc. in September and October, the San Diego company said in a Nov. 5 securities filing.

Governor Park Office Building Sells for $8.1 Million

Palisades Property Trust of Irvine has purchased Governor Plaza, an office building in San Diego’s Governor Park neighborhood, for approximately $8.1 million, according to CoStar Group and public data.

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Wednesday, November 5

Isis Earns $7.5 Million Milestone Payment on Cancer Drug

Carlsbad-based Isis Pharmaceuticals Inc. announced that it has earned a $7.5 million milestone payment, the first of two milestone payments totaling $15 million, from AstraZeneca Plc for the advancement of its drug candidate, Isis-Stat3, in patients with advanced cancers.

Silvergate Bank Reports $980,000 in Third-Quarter Net Income

Silvergate Bank, based in University City with four branches, reported third quarter net income of $980,000, compared to net income of $1.36 million in the like quarter of last year.

Lpath's CEO Scott Pancoast Resigns

Lpath Inc. announced that Scott Pancoast has resigned as president, chief executive officer and a member of the board of directors effective Nov. 3.

San Diego Firm Buys Denver Office Campus for $23 Million

San Diego-based Parallel Capital Partners Inc. has acquired a three-building office campus in Denver for $23 million, marking its first acquisition in that city.

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Qualcomm Stock Dips After Fourth-Quarter Earnings Report

Shares of Qualcomm Inc. traded lower after-hours on Nov. 5, as the stock market saw the company’s latest financial results come in below Wall Street expectations.

Sorrento Mesa Industrial Property Sells for $5.6 Million

Ingold Family Investments LLC of Fallbrook has purchased a Sorrento Mesa industrial building for approximately $5.6 million, according to CoStar Group and public data.

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Bridgepoint Revenue Down 55 Percent, 223 Employees Laid Off

Bridgepoint Education, the San Diego for-profit higher education company, reported third quarter net income of $6.3 million, down 55 percent from the like quarter of 2013.

BofI Holding Inc. Reports $17.8M in First-Quarter Net Income

BofI Holding Inc., the parent company to San Diego-based BofI Federal Bank, reported fiscal 2015 first quarter net income of $17.8 million, up 46.5 percent from the like quarter of the prior year.

Tuesday, November 4

ACS Habitat Management Awarded U.S. Navy Contract

ACS Habitat Management of Oceanside, also known as Agri-Chemical Supply Inc., was one of three small businesses selected by the U.S. Navy for exotic pest/plant species abatement.

Cubic Corp. Awarded Multimillion-Dollar Army Contract

Cubic Corp. said on Nov. 4 that it received a task order contract from the U.S. Army that could be worth more than $15 million.

Welk Resorts Adds CEO to Fredricks’ Role

Escondido-based Welk Resorts has promoted current president Jon Fredricks to the new position of president and chief executive officer.

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Sempra Reports Third Quarter Net Income of $348 Million

Sempra Energy reported third quarter net income of $348 million, compared to net income of $296 million for the same quarter of 2013.

International Stem Cell Corp. Gets FDA Clearance

International Stem Cell Corp., a Carlsbad-based biotech company developing stem cell therapies and biomedical products, announced that the U. S. Food and Drug Administration has cleared the company’s human parthenogenetic stem cell line for investigational clinical use.

Store Openings, Renovations Announced at Fashion Valley

Several new tenants have joined the lineup at Fashion Valley mall in Mission Valley, with others undergoing renovations.

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Monday, November 3

Arcturus Leaves Incubator For Torrey Pines Science Center

Arcturus Therapeutics Inc. announced its launch from incubator Johnson and Johnson Innovation Center as it expands operations at a new office and laboratory space in the Torrey Ridge Science Center, 10628 Science Center Drive.

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Regulus Announces Closing of Public Offering of $103.5M of Common Stock

Regulus Therapeutics Inc., a biopharmaceutical company in San Diego, announced the closing of its underwritten public offering of $103.5 million of shares of its common stock.

Samsung Acquires Proximal Data Inc. for Undisclosed Sum

Samsung Electronics Co. Ltd. has acquired a young San Diego company that produces software for “virtual machine” computing.

San Diego's Economy Will Top $200 Billion, Report Says

San Diego’s economy will end this year above $200 billion in gross domestic product, the sum of all spending by companies, the highest level in its history, according to a recent study by a local think tank.

General Atomics Gets Contract to Assist French Air Force

The U.S. Air Force, acting on behalf of the French air force, arranged for a year of contractor logistics support for France’s MQ-9 Reaper unmanned aircraft with the aircraft’s builder, General Atomics Aeronautical Systems Inc. of Poway.

Bird Rock Coffee Roasters Expands to Little Italy

Specialty coffee retailer Bird Rock Coffee Roasters, with headquarters in La Jolla, recently opened a second coffee bar and store in downtown San Diego’s Little Italy neighborhood.

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Golden Hill Apartment Property Sells for $2.6 Million

Barthell Family Trust has purchased a 13-unit apartment property in San Diego’s Golden Hill neighborhood for $2.6 million, according to brokerage company Colliers International.

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North Park Sonic Restaurant Will Be Company’s Eighth Local Site

Sonic Drive-In plans a Nov. 10 opening for its restaurant at 2829 El Cajon Blvd, in San Diego’s North Park neighborhood. It will be the eighth San Diego County location for the Oklahoma-based chain.

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Otay Mesa Industrial Buildings Sold for $7.2 Million

Cabot Properties Inc. of Boston has purchased two Otay Mesa industrial buildings for approximately $7.2 million, according to CoStar Group and public data.

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Omnitracs Acquires XRS Corp. for $178 Million

Omnitracs LLC, the Qualcomm spinoff business that was acquired by Vista Equity Partners one year ago for $800 million in cash, recently completed its purchase of XRS Corp., a Minneapolis maker of software that helps trucking companies manage vehicle fleets via mobile devices.

Sunday, November 2

East Village to Get Two New Restaurants

Stella Public House and Halcyon, described as “sister restaurant” concepts by Austin-based investment group Zebo, will be among the next arrivals in the already buzzing culinary scene of downtown San Diego’s East Village.

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County Employees to Get Discounts at National University

National University and the County of San Diego announced an agreement Friday in which the private, nonprofit, La Jolla-based university will provide educational and scholarship opportunities to the county’s approximately 16,000 employees.

Local Economy Shows Continuing Growth, Index Shows

An index measuring San Diego’s economy increased 0.6 percent in September, the fourth consecutive time it’s risen and the largest monthly spike since February 2013.

The Business Calendar for the Week of November 3, 2014

Some of the business events planned in the county for the week of November 3, 2014, and beyond.

Third-Quarter Earnings For Peregrine Down From $60M in 2013

Peregrine Semiconductor Corp., the San Diego-based maker of high-speed, radio frequency chips, reported third-quarter revenue of $43 million, down from $60 million for the like quarter of 2013.

A 4.5 Percent Third-Quarter Gain Posted for Excel Trust

San Diego-based Excel Trust Inc. posted a 4.5 percent gain from a year ago in total revenue for its third quarter ending Sept. 30, reaching $30.2 million.

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Retail Opportunity Investments Corp. Reports $40.9 Million in Revenue

Total revenue at Retail Opportunity Investments Corp. rose 50 percent from a year ago in the third quarter ending Sept. 30, reaching $40.9 million, officials of the San Diego-based company reported.

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Mast Posts $7.9 Million Loss For Third Quarter

Mast Therapeutics Inc., a pre-revenue, clinical-stage biopharmaceutical company in San Diego, reported a net loss of $7.9 million for the third quarter ending Sept. 30, 2014, compared to a net loss of $5.3 million for the same period in 2013.

San Diego-based Douglas Wilson Cos. Partners on $200 Million Tempe Project

A partnership that includes San Diego-based Douglas Wilson Cos. has acquired a property in Tempe, Ariz., for approximately $16.8 million, with plans to develop a $200 million, mixed-used project that includes a hotel and office tower.

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