Stories for December 2015

Wednesday, December 30

SeaWorld San Diego Files Lawsuit over Coastal Commission Ruling

SeaWorld San Diego has filed a lawsuit challenging a recent California Coastal Commission decision impacting its planned killer whale habitat expansion, reiterating its prior contention that the coastal panel does not have authority to ban the breeding of captive orcas.

Crawford Leaving United Way, Returning to City of Carlsbad

Kevin Crawford is leaving his position as CEO of the United Way of San Diego County to return to the City of Carlsbad as city manager, the city announced Wednesday.

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Pathway Genomics Agrees to Pay More Than $4 Million to Settle Federal Allegations

Pathway Genomics Corp. has paid more than $4 million to resolve allegations that it violated the federal False Claims Act by paying kickbacks to doctors in exchange for patient referrals, the U.S. Attorney’s Office announced Wednesday.

Vanorsdale Insurance Acquired by New York-Based NFP

San Diego-based Vanorsdale Insurance Services, Inc. has been acquired by NFP, a national insurance broker and consulting firm, the companies announced.

San Diego’s NY Tourism Pitch Targets New Year’s Eve Revelers

Before the famous lighted ball drops on New Year’s Eve, many of the 1 million or more celebrants gathered at New York’s Times Square will also take in a pitch for San Diego tourism amid the hoopla.

McLean, Rotherham & Co. to Merge With Squar Milner

Orange County-based Squar Milner LLP is buying Solomon, Winnett & Rosenfield in Los Angeles and McLean, Rotherham & Co. in San Diego and plans to bring the accounting firms under Squar Milner’s name with headquarters in Newport Beach.

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Strength in Diversity

ECONOMY: The Wide Variety of Our Businesses Is Insurance Against 2016 Storms

As international trade partners struggled with recession and consumer spending growth slowed, forecasters warned that the U.S. economy was losing momentum in the second half of 2015 and could close out the year weaker than expected. While the economy was still growing, they said, sluggish global demand was slowing that growth and pushing down corporate revenue.

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Passenger Traffic Rises at San Diego International Airport

Passenger traffic at San Diego International Airport rose 7.2 percent from a year ago in the first 11 months of 2015, with more than 18.4 million using the facility, according to the latest data from the San Diego County Regional Airport Authority.

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Genentech Buys Oceanside Industrial Building for $2.7 Million

Biotechnology company Genentech Inc. has acquired an Oceanside industrial property for $2.7 million, according to CoStar Group and public data.

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Tuesday, December 29

Concert for the Kids Stages Successful $665,000 Fundraiser

The Foundation for the Children of the Californias announced that the Concert for the Kids, held at Santaluz, raised more than $665,000.

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Attorney Worked to Shore Up a Tool to Help Resolve Cases

California Code of Civil Procedure Section 998 provides a mechanism to encourage pre-trial settlement by enabling parties to serve offers and demands which, if not accepted, hold penalties for a party not accepting the offer or demand if that party does not do better at trial.

S.D. Called Tops for Creating Tools for Use in Genomics

BIOTECH: S.D. to Be Leader in Confluence Of Big Data and Biology

The San Diego region is a long-established hub for genomics, with global leaders in the field calling it home. The city was referred to as the “genomics capital of the world” by former President Bill Clinton, and San Diego’s strong reputation in the field recently led to a special invitation to industry leaders to attend the White House unveiling of President Barack Obama’s Precision Medicine Initiative.

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From Commercial to Defense, Region Welcomes Robots

TECH: Robotics Hub Is Natural Fit With S.D.’s Tech Strengths

San Diego has been quietly preparing for its future as a robotics hub. Scientists at the U.S. Navy lab on Point Loma have long been working on machines that crawl and swim to help sailors and Marines do their jobs. The public, however, sees little of this work. Similarly, Northrop Grumman Corp. (NYSE: NOC) designs its autonomous military aircraft behind closed doors in North County.

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3-D Printing Companies Make the Mainstream

TECH: The Innovation Is Now Advancing In Variety of Sectors

Watch for news about 3-D printing during the year ahead. The process, also known as additive manufacturing, is an up and comer.

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Navy, Cos. Make Solid Cybersecurity Community

TECH: 2014 Study Put Impact at $1.5B For the Community

San Diego’s cybersecurity cluster is robust, robust because the world community continues to play badly together in cyberspace. Hacking and denial-of-service attacks are common. It’s not just individuals interested in making trouble. Criminal syndicates and nation-states employ hackers to make money and spy on adversaries. Such characters probably lurk in Southern California, heavy as it is with defense contractors.

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Life Sciences Continue to Succeed With Early Stage Activity

BIOTECH: S.D. Has Right Assets in Workforce, Research Base and VC

The life science industries are continuing to see sustained growth in San Diego County, landing the region alongside powerhouse biotech metros such as Boston, San Francisco and the Research Triangle in North Carolina. The steady rise up the ranks is attributed to the San Diego region’s expertise in early, discovery stage research, experts say.

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Digital Health Thrives on Key Players Being in Close Proximity

WIRELESS: Biotech, Tech and Health Care Come Together Successfully

The convergence of high-tech and biotech is creating an explosion of opportunities in digital health, and San Diego is well-positioned for a competitive edge.

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Craft Beer Scene Readies to Build on Its Successes of 2015

BREWING: Expansions, Acquisitions and Growth Brought Sector to Next Level

The California Craft Brewers Association recently announced that there are now more than 600 craft breweries across the state, generating $6.5 billion in annual revenue.

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LRAD Corp. Gets $710,000 Contract for System to be Used in Latin American Prisons

LRAD Corp., which makes electronics that send highly directional amplified sound over long distances, said on Dec. 29 that it received a $710,000 order for model 1000Xi systems and accessories. The company did not list a specific customer; it only said that the gear would be used at Latin American prisons.

Multifamily Still Holds Hot Hand in Commercial Real Estate

PROPERTY: Not Much Office Construction, But Renovations Continue

In 2015, new job creation in San Diego’s high-paying industries, including technology and life sciences, continued to fuel demand for commercial real estate. This played out, for instance, in rising demand for apartments, along with worker-friendly amenities being added at new and old office campuses, and the trends show few signs of slowing down in 2016.

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Clean Technology’s Failures Won’t Drag Down Its Successes

GREEN: Sector Says Solar, Water and Wind Going Strong

Last year, headlines across the nation proclaimed that clean-tech — despite all the hype and bluster — was dead.

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Budget Truce Gives Defense Cos. Chance for Wins

DEFENSE: Programs Of Some of the Big Local Players Are in Demand

The defense industry seems to be holding its own as 2016 begins. Because of a major deal struck in Congress, military contractors will not have to carve up a drastically shrinking defense-spending pie, at least not in the near term.

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Hospitality Sector Adjusts to Stay Ahead of Possible Changes

HOSPITALITY: Cos. Consolidate, Employ Their Own Innovations

In 2016, San Diego County’s hospitality industry — including operators of 7,000 restaurants and hundreds of hotels — will be looking for a continuation of what has generally been a strong-performing local economy during the past three years.

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Strong Dollar Likely Will Hurt Manufacturing

PRODUCTION: Defense Spending, Complexity Of Goods Are Pluses

Manufacturing faces an uncertain 2016 as rising military spending and declining export sales pull the industry’s forecast in opposing directions.

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Tourism Sector’s Momentum Likely Here to Stay

TRAVEL: Possible TOT Initiative Could Change Sector’s Landscape Locally

By several measures, 2015 was a record year for the region’s tourism economy. As the year drew to a close, the San Diego Tourism Authority was projecting that the region would rack up $9.9 billion in spending by visitors at local attractions, shops and restaurants.

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Chargers’ Exit Would Hit the Heart, Not Wallet

SPORTS: If They Stay, A New Stadium Opens Up World of Possibilities

Forecasting the future of San Diego’s sports industry is a tall order before NFL owners meet later this month to debate which teams, if any, will move to Los Angeles.

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Qualcomm Signs Patent Licensing Deals With Two More Chinese Companies

Qualcomm Inc. announced early Dec. 29 that it reached patent licensing deals with two more Chinese companies, Tianyu and Haier.

La Jolla Retail Building Sells for $2.13 Million

Investor Leslie Gladstone has purchased a retail and restaurant building in La Jolla’s Bird Rock neighborhood for $2.13 million, according to brokerage firm Sperry Van Ness Asset Advisory Group.

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BofI Holding Inc. Makes Fortune Inc.'s List of Fastest-Growing Cos.

San Diego-based BofI Holding, Inc. (Nasdaq: BOFI), parent company of BofI Federal Bank, announced that it made Fortune Inc.’s list of the Fastest-Growing Companies for 2015.

EDF Renewable Services Announces Remote Monitoring Contract with ALLETE Clean Energy

San Diego’s clean energy firm, EDF Renewable Services, has entered into a contract with ALLETE Clean Energy (ACE) to provide remote monitoring and turbine resets for five of its wind projects.

Convention Center Projects Record Attendee Spending in 2016

San Diego Convention Center operators are projecting a record $708.1 million in direct attendee spending to be generated from a total of 108 events slated for the facility in 2016.

Industrial Purchase Part of $90 Million Acquisition of Oceanside Firm

An affiliate of Illinois-based Senior Flexonics has acquired five Oceanside industrial buildings for $15 million, stemming from the recently announced $90 million acquisition of seller Steico Industries Inc. by Senior’s U.K.-based parent company, Senior PLC.

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Region Gained 6,000 Construction Jobs in Year Ending November 2015

The San Diego-Carlsbad metropolitan area gained 6,000 construction jobs from November 2014 to November 2015, according to an analysis of federal employment data from the Associated General Contractors of America, an industry trade group.

Monday, December 28

Sempra Energy Subsidiary Locates Leaking Gas Well

Southern California Gas Co., a subsidiary of San Diego-based Sempra Energy, has successfully located the leaking well at its Aliso Canyon Storage Facility in Porter Ranch at a depth of 3,800 feet.

Qualcomm Inc. Signs Licensing Agreement With Chinese Company

Qualcomm Inc. said Dec. 28 that it signed a licensing agreement with QiKu Internet Network Scientific (Shenzhen) Co. Ltd.

Steve Stallings Named Chairman of Indian Gaming Association

The California Nations Indian Gaming Association, a Sacramento-based advocacy group, has named Steve Stallings as its chairman.

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U.S. Army Awards Cubic Corp. Contract Worth Up to $76.4 Million

Cubic Corp. received a five-year deal to supply parts for U.S. Army personnel locator systems, the Pentagon announced on Dec. 24.

SeaSpine Signs Three-Year, $30 Million Credit Facility with Wells Fargo

Carlsbad-based SeaSpine Holdings Corp. (Nasdaq:SPNE), a global medical technology company focused on surgical solutions for the treatment of spinal disorders, announced that it has signed a three-year credit facility with Wells Fargo Capital Finance, with the option to extend for a fourth year, according to a company press release.

Northrop Grumman Awarded Three-Year, $93.1 Million Contract

Northrop Grumman Corp. recently got a Defense Department deal to develop an unmanned aircraft called TERN. The Pentagon’s R&D arm has inked a three-year, $93.1 million agreement with Northrop Grumman (NYSE: NOC) to develop the system, which could be used to gather intelligence or deliver weapons.

Sunday, December 27

Carlsbad Office Property Portfolio Sold for $30.4 Million

An affiliate of San Francisco-based Swift Real Estate Partners has purchased a four-building office portfolio in Carlsbad for $30.4 million, according to CoStar Group and public data.

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Downtown’s W Hotel Rebranded as Marriott Renaissance

The owner of downtown San Diego’s W hotel has quietly rebranded the property as a Marriott Renaissance, following a change in management.

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Batu Biologics Names Thomas Ichim Chief Scientific Officer

Batu Biologics Inc., a biotechnology company developing a cancer vaccine that targets a tumor's blood vessels, announced that Thomas Ichim has joined the company as chief scientific officer.

Poseida Therapeutics Raises $23M in Equity Financing

San Diego startup Poseida Therapeutics Inc. has raised $23 million in equity financing according to a recent form filed with the Securities and Exchange Commission.

Encinitas Medical Office Building Sells for $3.8 Million

Powder Days LLC of La Jolla has acquired an Encinitas medical office building for $3.8 million, according to CoStar Group and brokerage company Lee & Associates.

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The Business Calendar for the Week of December 28, 2015

Some of the business events planned in the county for the week of Dec. 28 and beyond.

Company to Deploy Air Ambulance at Viejas Reservation

Northern California-based Reach Medical Holdings LLC announced on Dec. 22 that it is opening an air ambulance base at the Viejas Indian Reservation near Alpine, where it will station a helicopter.

San Diego-Based Lume Cube Partners With Renowned Pro Skateboarder

San Diego-based lighting and accessory company Lume Cube announced a new partnership and equity stake Dec. 21 with Ryan Sheckler, a world-renowned professional skateboarder.

Kratos Drone Successfully Executes Third Demonstration Flight

Kratos Defense & Security Solutions Inc. said its jet-powered unmanned UTAP-22 aircraft successfully made its third demonstration flight on Dec. 11 at the U.S. Navy’s test range at China Lake.

Wednesday, December 23

Teams Competing for Qualcomm Tricorder X Prize Get One-Year Extension

Organizers of the $10 million Qualcomm Tricorder X Prize competition have extended final judging and awards by one year, to early 2017.

Air Force Awards GA-ASI $338 Million Contract

The U.S. Air Force plans to spend $338 million in 2016 on logistics support for its fleet of Predator and Reaper unmanned aircraft.

Skin Products Company Leases Carlsbad Industrial Building

Locally based Coola Suncare, which makes sunscreens and related skin products, has leased 45,500 square feet at a Carlsbad industrial building, in a deal valued at approximately $2.28 million, according to brokerage firm Lee & Associates.

Construction Starts on $20M Affordable Apartment Complex in East Village

Affirmed Housing has broken ground on Cypress, a $20 million, 63-unit affordable apartment complex in downtown San Diego’s East Village.

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Andy Claude Named VP of Finance at HUYA Bioscience

San Diego’s HUYA Bioscience International announced that it has recruited Andy Claude as vice president of finance.

Tuesday, December 22

Bridgestone Subsidiary Acquires Hose Pros for Undisclosed Price

Hose Pros, a San Diego-based hydraulic hose sale and repair company, has been bought by Japanese tire maker Bridgestone Corp., the companies said Tuesday.

Sapphire Energy Raises Nearly $92 Million in Equity Financing

Sapphire Energy Inc. has raised nearly $92 million in equity financing, according to a recent form filed with the Securities and Exchange Commission.

Beyster Family Donates Businessman's Papers to UC San Diego

The late J. Robert Beyster and his employees were always discreet when discussing their business, Science Applications International Corp.

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Harry’s Restaurant Leaving UTC for Bankers Hill in 2016

Harry’s Bar and American Grill, a staple at University Towne Center for more than a decade and a popular gathering spot for local business leaders, will be relocating to Bankers Hill in 2016.

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Sorrento Valley Office Property Sells for $17.7 Million

An affiliate of Beverly Hills-based Omninet Capital has purchased the two-building Cornerstone Plaza office property in Sorrento Valley for $17.7 million, according to CoStar Group and public data.

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Effector Therapeutics Raises $40 Million in Venture Financing

Effector Therapeutics announced Tuesday that it has raised $40 million in venture financing, putting the San Diego biotech on track to enter the clinic with a Phase 1/2 study of its lead cancer drug.

Carlsbad Hotel Owner Obtains $29 Million Refinancing

Owner Wave Crest Resorts of Encinitas has obtained $29 million in refinancing for its Hilton Garden Inn Carlsbad Beach hotel, according to real estate services firm Holliday Fenoglio Fowler (HFF), which arranged the financing.

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Biocept Inc. Signs $15 Million Stock Purchase Agreement with Aspire Capital Fund

Liquid biopsy firm Biocept Inc. has inked a $15 million stock purchase agreement with Chicago-based Aspire Capital Fund LLC.

Monday, December 21

San Diego Business Journal Extends Nominations for 'CEO of the Year'

Nominations for the San Diego Business Journal’s “2016 CEO of the Year Award” have been extended. Nominations will be accepted through Jan. 14, 2016.

Drug-Testing Firm Millennium Health Emerges From Chapter 11

A Delaware federal judge has signed off on drug-testing firm Millennium Health’s bankruptcy reorganization plan, allowing the beleaguered company to emerge from chapter 11 protection, Millennium said Monday.

BofI Federal Bank Approved Issuer for Ginnie Mae

BofI Federal Bank on Friday said it is an approved issuer for the Government National Mortgage Association, known as Ginnie Mae, which guarantees securitized pools of government mortgage loans.

Cubic Corp. to Acquire Alabama-Based GATR Technologies for $232.5 Million

Cubic Corp. said Dec. 21 that it entered a definitive agreement to buy Huntsville, Ala.-based GATR Technologies Inc. for $232.5 million.

San Marcos Retail Center Sells for $3.1 Million

Investor Eric Choi of Irvine has acquired a three-building retail property in San Marcos for approximately $3.1 million, according to CoStar Group and public data.

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Bosa Buys Downtown Shell Station Property for $8.5 Million

Vancouver, B.C.-based Bosa Development Corp. has purchased a downtown San Diego property currently housing a Shell service station for $8.5 million, according to CoStar Group and public data.

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Sunday, December 20

Pure Bioscience Receives FDA Approval for Its Antimicrobial to Be Used in Poultry Processing

Pure Bioscience Inc., creator of an antimicrobial that can be sprayed directly on food to kill harmful bacteria, announced that it received FDA approval for the use of its antimicrobial in poultry processing.

Local Voit Executive Joins New Board as Part of Executive Management Restructuring at Company

Randy LaChance, senior vice president in the San Diego office of Voit Real Estate Services, was recently named to a new board of directors formed as part of an executive management restructuring at the Irvine-headquartered company.

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County Credit Unions Lend $10.5B in Third Quarter

San Diego County’s 20 credit unions loaned out $10.5 billion to their members in the quarter ending September 30, up 17 percent from last year, the California Credit Union League said.

Pechanga Breaks Ground on $285M Resort Expansion

The Pechanga Band of Luiseño Indians broke ground Dec. 16 on a $285 million expansion that will double the size of its resort near Temecula.

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Start 2016 in the Know at SDBJ's Economic Trends Event

Seats are still available for San Diego Business Journal’s 2016 Economic Trends event January 7, 2016, at Paradise Point Resort & Spa.

The Business Events Calendar for the Week of December 21, 2015

Some of the business events planned in the county for the week of December 21, 2015, and beyond.

PKL Services Gets $62.6M Contract for Work With Saudi Air Force

PKL Services Inc. of Poway received a $62.6 million, one-year contract for maintenance upgrade training for Royal Saudi Air Force personnel working on Saudi Arabia’s F-15 strike fighter aircraft fleet.

Balfour Beatty Gets $28M Construction Contract for Detention Facility

The Imperial County Board of Supervisors awarded Balfour Beatty Construction a contract Dec. 8 to build a $28 million Oren R. Fox Detention Facility.

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Isis Pharmaceuticals Changes Name to Ionis Pharmaceuticals

Carlsbad drugmaker Isis Pharmaceuticals announced that it is changing its name to Ionis Pharmaceuticals.

Vista Apartment, Industrial Buildings Get New Owners

Industrial and apartment properties recently changed hands in two separate Vista deals, including the $4.1 million acquisition of a building at Oak Ridge Business Center by Los Angeles-based Heidt Finance LLC, according to CoStar Group.

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County's Unemployment Rate Dips Slightly to 4.8% in November

San Diego’s unemployment rate fell slightly to 4.8 percent in November, down from 5 percent the month before, matching the national unemployment rate, which remained flat from October.

Civic San Diego Names Robert Avery as New CFO

The executive board of Civic San Diego, the city’s project oversight agency for downtown and targeted southeastern urban neighborhoods, has named Robert Avery as its new chief financial officer.

San Diego Apartment Properties Sell for $30 Million

An affiliate of Palo Alto-based Pacific Urban Residential has acquired a two-property portfolio of San Diego apartment buildings totaling 155 units for $30 million, according to CoStar Group and public data.

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Friday, December 18

Business Calendar for Week of December 21, 2015

Some of the business events planned in the county for the week of December 21, 2015, and beyond.

San Diego Apartment Properties Sold for $30 Million

An affiliate of Palo Alto-based Pacific Urban Residential has acquired a two-property portfolio of San Diego apartment buildings totaling 155 units for $30 million, according to CoStar Group and public data.

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Vista Industrial, Apartment Buildings Get New Owners

Industrial and apartment properties recently changed hands in two separate Vista deals, including the $4.1 million acquisition of a building at Oak Ridge Business Center by Los Angeles-based Heidt Finance LLC, according to CoStar Group.

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Civic San Diego Names Avery as New CFO

The executive board of Civic San Diego, the city’s project oversight agency for downtown and targeted southeastern urban neighborhoods, has named Robert Avery as its new chief financial officer.

Local Voit Real Estate Services Executive Joins New Board as Part of Company Restructuring

Randy LaChance, senior vice president in the San Diego office of Voit Real Estate Services, was recently named to a new board of directors formed as part of an executive management restructuring at the Irvine-headquartered company.

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County Unemployment Drops Slightly to 4.8% in November

San Diego’s unemployment rate fell slightly to 4.8 percent in November, down from 5 percent the month before, matching the national unemployment rate, which remained flat from October.

Isis Pharmaceuticals Changing Name to Ionis Pharmaceuticals

Carlsbad drugmaker Isis Pharmaceuticals announced that it is changing its name to Ionis Pharmaceuticals.

Tickets Are Available for San Diego Business Journal’s 2016 Economic Trends

Seats are still available for San Diego Business Journal’s 2016 Economic Trends event January 7, 2016, at Paradise Point Resort & Spa.

County Credit Unions Lend $10.5 Billion in Q3

San Diego County’s 20 credit unions loaned out $10.5 billion to their members in the quarter ending September 30, up 17 percent from last year, the California Credit Union League said.

PKL Services Inc. Gets $62.6M Contract for Work With Saudi Air Force

PKL Services Inc. of Poway received a $62.6 million, one-year contract for maintenance upgrade training for Royal Saudi Air Force personnel working on Saudi Arabia’s F-15 strike fighter aircraft fleet.

Thursday, December 17

Urban Campout Helps Girls Scouts of Today and Tomorrow

Girl Scouts San Diego’s 18th annual fundraiser, Urban Campout: Island Treasures, raised $385,000 to keep Girl Scouting available and affordable for 40,000 girl and adult members. A portion of the proceeds is earmarked for construction of a new cabin at Girl Scouts’ Balboa Campus. Karen Benito and Denise Scott co-chaired the event and Taylor Baldwin and Elizabeth Dewberry were honorary co-chairs. Qualcomm Inc. was the lead sponsor. San Diego Police Chief Shelley Zimmerman, a Girl Scouts board member, and Councilman Todd Gloria participated in the program.

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Ho Ho Ho: Branding Deal Has Co. Laughing All the Way to Bank

RETAIL: Marketing Moves Give Tipsy Elves’ Apparel Some Decent Exposure

Local ugly-sweater company Tipsy Elves, which landed itself a business partner on the reality TV show “Shark Tank” in 2013, recently signed a deal with the producers of “The Night Before” to sell the three sweaters featured in the movie and worn by stars Seth Rogen, Joseph Gordon-Levitt and Anthony Mackie.

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Could Make Headlines In 2016

The county’s No. 4 producer of craft beer is among the top 50 in the nation and is poised for more growth with the 2016 opening of a brewing facility in Virginia Beach, Va. The bi-coastal production capability will make Green Flash Brewing Co. an attractive acquisition target for the beer giants. The question is whether founders Lisa and Mike Hinkley might be tempted to sell given Ballast Point Brewing Co.’s recent $1 billion price tag.

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Happy to See Year End

After a lengthy investigation, Qualcomm Inc. early in the year settled charges that it broke China’s anti-monopoly law, paying a $925 million fine and restructuring its Chinese license agreements. The year went downhill from there.

Said Goodbye In 2015

Haggen Food & Pharmacy San Diego County shoppers barely had time to notice, but the region this year bore witness to what some industry observers called the fastest failure in the modern history of grocery retailing.

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Mission Valley Gets Plan for Project Of ‘Biblical Proportions’

With many focused in the past year on the future of Qualcomm Stadium — and keeping its current primary tenant in place — it’s understandable why a lot of other major development projects in Mission Valley would get relatively little attention from the general public. And there are a lot of big things happening in Mission Valley these days.

Abacus Data Gets Equity Investment

Abacus Data Systems Inc. received a strategic majority investment from a Rhode Island-based private equity firm, Providence Equity, the San Diego business announced Dec. 16. The amount of the investment was not immediately available.

S.D. Shows Potential to Become Robotics Hub

TECH: Some Local Cos. Already Well-Positioned In Blossoming Sector

Finding improvised explosive devices. Performing delicate surgery. Picking strawberries. Robots have been tasked to do it all, with a deft touch.

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Sharp’s CEO To Lead Chamber Board

Michael W. Murphy, president and CEO of Sharp HealthCare, has been elected chairman of the California Chamber of Commerce’s board of directors.

Apartment Vacancy Rate Dips to 2.6 %

The region’s overall apartment rental vacancy rate stands at 2.6 percent, slipping back to lows last seen a year ago, according to the latest twice-yearly survey by the San Diego County Apartment Association.

Housing Proposals Get Favorable Reception

HOUSING: City Council Committee Asks City Staff To Craft ‘Actionable Items’

The San Diego City Council’s land use committee this month advanced a series of proposals aimed at curbing high prices in one of the country’s least affordable housing markets, which could save $77 million each year in development costs.

Bitcoin: Still in Search of Satoshi Nakamoto and Acceptance

FINANCE: Nasdaq, Banks Interested in Using Currency’s Technology

Bitcoin, the decentralized digital currency, entered the mainstream consciousness again this month as two publications thought they had finally unmasked its mysterious creator, who used the pseudonym Satoshi Nakamoto. The outlets, Wired and Gizmodo, soon uncovered new information suggesting they may have been convinced by a hoax, adding another wrinkle to the years-long search for Nakamoto’s identity.

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Adtile’s Plan is to Shake Up Advertising With Artistic Flair

SOFTWARE: Moving Mobile Devices Creates Engaging Interactivity

Short attention spans … they are the bane of advertisers. How do you keep people focused on the small screens of their mobile devices when you are trying very hard to interest them in a product or service?

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National Funding Gives Holiday Cheer

TOURISM: Bowl Sponsorship Is Way to ‘Support Community’

At nearly the last possible moment, the Holiday Bowl has found a title sponsor, as alternative lender National Funding stepped in with two weeks before the Dec. 30 game.

Baby Food-Maker Is Watching Sales Grow

RETAIL: Healthful Aspects Of Manufacturing Stressed

It’s not often a rather green entrepreneur launches a product one week, and then watches it land on the shelves of a major retailer a few days later. But as gurus in the startup space can attest, timing is everything and Cassandra Curtis entered the baby food market at a time when parents were demanding quality — and not finding it on the shelves.

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Real Estate Investing To Be Less Walled-Off

FINANCE: Crowdfunding Co.Inviting Wider Participation

Investing in real estate used to hinge on whom you knew — developers and their brokers tapped clients, friends and family to raise the needed cash to buy, build or refurbish a property.

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2015: The Faces Of Success

Behind the brick and mortar and acres of reflective glass that stretch across San Diego’s sun-drenched landscape are the men and women who are shaping the region’s future.

Some call them power brokers, but it really isn’t about power. It’s about salesmanship, leadership and the ability to be politically and financially agile in an increasingly competitive and creative environment.

Kratos Receives $3.8 Million Army Contract

Kratos Defense & Security Solutions Inc. said Dec. 17 that one of its subsidiaries received a $3.8 million task order for unmanned aerial targets for the U.S. Army.

S.D. Chamber Survey Finds Business Confidence Lagging

Confidence among San Diego businesses fell for the fifth straight month to yet another record low in November, with more than a tenth expecting revenue to decline in the near future.

Parallel Capital Buys Phoenix Mixed-Use Campus for $126 Million

San Diego-based Parallel Capital Partners Inc. has acquired Arizona Center, a 16-acre office and retail campus in downtown Phoenix, for $126 million.

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Sticking With Their Principals

ECONOMY: Organizations Turned to Their Top Players To Skillfully Navigate 2015

To borrow a line from Frank Sinatra, it was a very good year. Perhaps not for all business leaders. But for those with foresight and drive, those in sync with the economy of 2015, the year was great.

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Ligand Pharmaceuticals Acquires Open Monoclonal Technology

San Diego drugmaker Ligand Pharmaceuticals Inc. announced Thursday that it is acquiring Palo Alto-based Open Monoclonal Technology Inc. for $178 million in a cash and stock deal.

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Coronado Office and Retail Property Sells for $6 Million

Locally based investor Coronado Triangle LLC has purchased a Coronado office and retail property for $6 million, according to real estate services company Marcus & Millichap.

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OncoSec Consolidating Operations at New Headquarters

San Diego-based OncoSec Medical Inc. is consolidating its two research and development facilities at its new headquarters in Sorrento Mesa.

Student Apartment Property Near SDSU Sold for $69.5 Million

Two significant commercial real estate deals were recently completed in San Diego’s College Area, including the $69.5 million acquisition of a 263-unit student housing community by an affiliate of San Francisco-based Fowler Property Acquisitions LLC.

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Holiday Bowl Gets Title Sponsor, Names Parade Grand Marshal

At nearly the last possible moment, the Holiday Bowl has found a title sponsor, as alternative lender National Funding stepped in with two weeks before the Dec. 30 game.

Wednesday, December 16

San Diego Apartment Complex Sells for $28.3 Million

An affiliate of San Diego-based Viewpoint Equities Inc. has purchased the 128-unit Valley Breeze apartment complex, near the city’s Nestor neighborhood in the South Bay area, for $28.3 million, according to brokerage company CBRE Group Inc.

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University City Property Part of Blackstone’s $2 Billion Apartment Purchase

An affiliate of New York-based Blackstone Group LP has acquired a multi-state portfolio of 32 apartment properties for $2 billion, including a University City complex purchased for approximately $94.7 million, according to CoStar Group and the seller.

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Abacus Data Gets Equity Investment

Abacus Data Systems Inc. received a strategic majority investment from a Rhode Island-based private equity firm, Providence Equity, the San Diego business announced Dec. 16. The amount of the investment was not immediately available.

Sharp HealthCare’s CEO to Lead State Chamber Board

Michael W. Murphy, president and CEO of Sharp HealthCare, has been elected chairman of the California Chamber of Commerce’s board of directors.

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ConAm Group Acquires Apartment Properties in Nevada, Arizona

San Diego-based ConAm Group of Cos. has acquired apartment properties in Nevada and Arizona totaling 524 units, including a Las Vegas community that it recently purchased for $22.6 million.

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Tuesday, December 15

AltheaDx Raises $30 Million in Series C Funding

San Diego molecular information firm AltheaDx has raised $30 million in a Series C financing.

Pro-Tech Acquired by Orange County-Based Bravo Sports

Orange County-based Bravo Sports has acquired San Diego helmet manufacturer Pro-Tec, the companies said Tuesday, moving Pro-Tec’s operations to Bravo’s South OC campus.

Sanford Burnham Prebys Hires VP of Strategic Alliances

Sanford Burnham Prebys Medical Discovery Institute (SBP) has recruited ex-GlaxoSmithKline executive Letizia Amadini-Lane to join the institute’s leadership team as vice president of strategic alliances.

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Carlsbad Project Supporters Establish Information Center

Supporters of a proposed lagoon-adjacent development in Carlsbad have set up a community information center near the project site, ahead of a February special election.

FDA Gives OK for Regen BioPharma to Begin Clinical Trials

La Mesa-based Regen BioPharma Inc. has received clearance from the U.S. Food and Drug Administration (FDA) to start clinical trials of its lead drug candidate, HemaXellerate.

Little Italy Apartment Building Sells for $5.5 Million

Newkirk Family Trust II of San Diego has acquired the newly built Ten on Columbia, a 10-unit apartment property in Little Italy, for $5.5 million, according to brokerage company Colliers International.

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Qualcomm Inc. Rejects Split, Says It Will Remain One Company

Qualcomm Inc. said Dec. 15 that it plans to continue on its course as a single company, and not follow the advice of activist shareholders and break itself in two.

Westcore Purchases Industrial Properties in Wales, Germany

Westcore Europe, an affiliate of San Diego-based Westcore Properties, has acquired two industrial properties in Europe in separate deals, including a distribution center in southern Wales that it purchased for $12 million.

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Monday, December 14

Apartment Group’s Survey Shows Vacancy Rate at 2.6 Percent

The region’s overall apartment rental vacancy rate stands at 2.6 percent, slipping back to lows last seen a year ago, according to the latest twice-yearly survey by the San Diego County Apartment Association.

EDC Announces Relaunch of World Trade Center San Diego

The San Diego Regional Economic Development Corp. recently announced that it was relaunching World Trade Center San Diego, a nonprofit which aims to help businesses improve their international reach.

General Dynamics NASSCO Christens, Launches Tanker

General Dynamics NASSCO christened and launched the Independence, a 610-foot commercial tanker, in a morning ceremony Dec. 12 at its shipyard in Barrio Logan.

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Agreement Gives Carlsbad-Based Breg Access to a Group Purchasing Organization

Breg Inc., a manufacturer of sports medicine products, has signed a group purchasing agreement with health care improvement firm Premier Inc.

Top of the Market Reopening After Post-Fire Renovation

Locally based Fish Market Restaurants Inc. plans a Dec. 17 reopening for Top of the Market, the second-floor restaurant that sustained the brunt of damage from a May fire at its downtown San Diego location.

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GA-ASI Awarded $57.1 Million Defense Contract

The U.S. Army awarded General Atomics Aeronautical Systems Inc. a $57.1 million contract for logistics support for its Gray Eagle unmanned aircraft.

Otay Mesa Self-Storage Facility Sold for $9.5 Million

Salt Lake City-based Extra Space Storage has acquired the Del Sol Self Storage facility in Otay Mesa for $9.5 million, according to real estate services firm NAI Capital Co.

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Sunday, December 13

Civic San Diego Approves Navy Broadway Redevelopment

Civic San Diego, the city’s downtown project oversight agency, has approved Manchester Financial Group’s planned $1.3 billion redevelopment of the Navy Broadway Complex, a mixed-use project known as Manchester Pacific Gateway.

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Van Den Boom Named Permanent CEO at Sequenom

Sequenom Inc., a life science company providing tools for genetic analysis, has appointed its current interim president and CEO Dirk van den Boom as president and CEO, effective immediately.

Network in the New Year at SDBJ's BOL Party

The San Diego Business Journal’s annual Book of Lists party is on and you are invited.

The Business Calendar for the Week of December 14, 2015

Some of the business events planned in the county for the week of December 14, 2015, and beyond.

Otonomy Inc. Gets FDA Approval for Pediatric Drug

The U.S. Food and Drug Administration has approved San Diego drug developer Otonomy Inc.’s first drug.

Wilson Cos. Buys Former Chula Vista Church Site for New Homes

A buying entity that includes San Diego-based Douglas Wilson Cos. has acquired a 3.9-acre Chula Vista land parcel for $2.5 million, with plans to develop 23 entry-level, single-family homes.

San Diego Senior Apartment Complex Sells for $2.15 Million

Greg Gleeson and Michael Gleeson of San Clemente have acquired a 24-unit senior apartment complex in southeastern San Diego for $2.15 million, according to brokerage company ACRE Investment Real Estate Services.

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Engineers May Want to Start Their Careers in San Francisco

San Francisco engineers have a higher earning potential in other markets than engineers in San Diego, according to a study by Hired, a company that looks to help individuals in tech and sales get jobs.

Friday, December 11

Wilson Cos. Purchases Former Chula Vista Church Site for New Homes

A buying entity that includes San Diego-based Douglas Wilson Cos. has acquired a 3.9-acre Chula Vista land parcel for $2.5 million, with plans to develop 23 entry-level, single-family homes.

Civic San Diego Approves the Navy Broadway Redevelopment

Civic San Diego, the city’s downtown project oversight agency, has approved Manchester Financial Group’s planned $1.3 billion redevelopment of the Navy Broadway Complex, a mixed-use project known as Manchester Pacific Gateway.

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Otonomy Gets FDA Approval for Pediatric Drug

The U.S. Food and Drug Administration has approved San Diego drug developer Otonomy Inc.’s first drug.

Sequenom's Interim CEO Is Named Permanent Chief Executive

Sequenom Inc., a life science company providing tools for genetic analysis, has appointed its current interim president and CEO Dirk van den Boom as president and CEO, effective immediately.

BOL Party Lets You Network in the New Year

The San Diego Business Journal’s annual Book of Lists party is on and you are invited.

San Diego Business Journal Extends Nominations for the Most Admired CEO Awards

Nominations for the San Diego Business Journal’s “2016 CEO of the Year Award” have been extended. Nominations will be accepted through Jan. 14, 2016.

Thursday, December 10

Network in the New Year

The San Diego Business Journal’s annual Book of Lists party is on and you are invited.

Yard House Permanently Shuts Downtown Restaurant

Long Beach-based Yard House has decided to shut down permanently its restaurant at Fourth Avenue and Broadway in downtown San Diego, citing extensive damage from recent flooding caused by a sewage leak.

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National Funding's Line of Credit Gets $25 Million Boost

Alternative lender National Funding got a bump in its $50 million line of credit from Pacific Western Bank, bringing it up to $75 million, the company said Wednesday.

Council Approves $27 Million Apartment Project Geared to LGBT Seniors

San Diego City Council has unanimously approved plans for a $27 million affordable housing project in North Park, described by developers as the city’s first LGBT-affirming senior housing community.

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Business Must Lead in Developing a Creative Class

Every city is beginning to talk about becoming an innovation city or an innovation community. But you can’t have innovation without creativity, and it is not at all clear how you make someone creative, how you make a community creative, or what business can do to make these things happen?

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Voices’ Wish List Gets Big Boost from Starry Starry Night

Starry Starry Night, Voices for Children’s signature gala, had a record-breaking year, raising $1.37 million for foster children in San Diego County.

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Discover Some Top Spots for Watching Downtown’s Evolution

It took some pluck and vision to build the Meridian — downtown San Diego’s first luxury high-rise condominium tower. Apparently, that is what developer Walter Alex Smyk had an abundance of as he pushed forward through multiple obstacles to get it done.

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Law Project Gets a Cash Infusion for Its Bankruptcy Work

California Western’s Community Law Project has received a $5,000 grant from the American College of Bankruptcy Foundation to support the free legal services the project provides to individuals seeking counsel on bankruptcy-related issues.

Making It Past ‘Milestone C’ Is Triton’s Current Mission

Executives at Northrop Grumman Corp. in Rancho Bernardo are keeping tabs on six test flights that its client, the U.S. Navy, is making with its Triton unmanned aircraft in Patuxent River, Maryland.

Landlords Find Tenants Are Not Just Looking for Space

A local health care clinic that recently opened in a nonmedical office complex is just one sign that developers are taking it upon themselves to come up with workspace amenities geared to the mental and physical health of tenants.

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European Commission Added to Qualcomm’s Fight Card

TECH: Co. Hit With Antitrust Allegations; Taiwan Also Investigating

The European Commission formally notified Qualcomm Inc. Dec. 8 that the San Diego company may have broken antitrust laws in two instances, engaging in one case in what it called “predatory pricing” and abusing its position as the world’s No. 1 baseband chipset supplier.

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Patient Data App Aims for Three Cs: Consolidation, Control, Cash

TECH: User Is Given Ownership Of the Information

Two French scientists are hoping to make their mark in San Diego’s digital health scene by developing a mobile app that can combine personal genetic information with medical, lifestyle and behavior data.

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Acquisition Dials In on Demographic Changes

TECH: GreatCall Sells Safety And Independence for Seniors

Active-aging technology firm GreatCall, maker of the Jitterbug cellphone for seniors, has acquired San Francisco-based Lively, a startup offering gadgets and services to “keep older adults living independently longer.”

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Local Hops Crops Hit The Spot for Brewers

BREWING: Niche Market Meets Demand for Freshness

San Diego is known for its craft beers, especially the bitter, aromatic IPAs from Ballast Point Brewing & Spirits Inc., Stone Brewing Co., Alpine Beer Co. and others.

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Shipyards Give San Diego Region Prosperous Manufacturing Muscle

SHIPS: Report Puts Impact At $1.75 Billion Locally

San Diego’s growing shipbuilding and ship repair industry generated $1.25 billion in total income in 2014, according to research unveiled on the 74th anniversary of the Pearl Harbor attack.

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HUYA Bioscience Appoints VP of Clinical Development Oncology

San Diego’s HUYA Bioscience International announced Thursday that it has appointed Dr. Dmitri Kharkevitch to vice president of clinical development oncology.

New Venue On The Menu

DINING: Brigantine’s Success Helps It Land Prime Waterfront Location

As the president of the family-run Brigantine Restaurant Corp., Mike Morton Jr. knows the challenges of maintaining the track record of what has become a local dining institution — and which, after 46 years in business, is older than he is.

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SoCalGas Responds to Leak

Southern California Gas Co. executives say they are doing what they can to ameliorate the effects of the gas leak near Porter Ranch that has been ongoing since late October and appears likely to continue for several months.

Zephyr Sells Downtown Project Site to Bosa for $33 Million

San Diego-based Zephyr Partners announced that it has sold the full-block property that it had designated for a planned mixed-use downtown project, known as The Block, for $33 million to Bosa Development.

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NuVasive Chooses Ohio as Site of New $45 Million Manufacturing Center

San Diego medical device firm NuVasive announced Thursday that it has selected West Carrollton, Ohio as the location for its new $45 million manufacturing center.

Westfield Making Donation to Carlsbad Lagoon Project Opponents

Mall operator Westfield Inc. announced that it will donate $75,000 to opponents of a controversial lagoon-adjacent retail development in Carlsbad, which is heading for a February special election ballot in that city.

Steve Orenberg Named CEO at EdgeWave

Cybersecurity provider EdgeWave named Steve Orenberg president and CEO, the company said on Dec. 8.

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Wednesday, December 9

Salk Institute Receives Charity Navigator’s Highest Rating

For the fifth year in a row, the Salk Institute for Biological Sciences earned Charity Navigator’s highest rating: four out of four stars.

San Diego Business Journal Extends Nominations for 'CEO of the Year'

Nominations for the San Diego Business Journal’s “2016 CEO of the Year Award” have been extended. Nominations will be accepted through Dec. 28, 2015.

Otay Mesa Industrial Park Sold for $31.5 Million

An affiliate of New York- based Zurich Alternative Asset Management has purchased the Three Piper Ranch industrial park in Otay Mesa for $31.5 million, according to brokerage company CBRE Group Inc.

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New Cross-Border Bridge Terminal Opens at Otay Mesa

Operators have officially opened Cross Border Xpress (CBX), a $120 million passenger bridge and terminal linking Otay Mesa to Tijuana International Airport. The facility includes a 390-foot enclosed pedestrian skybridge spanning the U.S/Mexico border.

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San Marcos Apartment Property Sells for $18.5 Million

An entity recorded as Lion Serrano LLC of San Marcos has purchased the 84-unit Gables San Marcos apartment property for $18.5 million, according to CoStar Group and public data.

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Scripps Health Names Andy Crowder Chief Information Officer

Scripps Health announced Tuesday that it has hired Andy Crowder as its new chief information officer (CIO) and senior vice president.

Air Force Awards General Atomics Aeronautical Systems Inc. $32.3 Million Contract

The U.S. Air Force awarded General Atomics Aeronautical Systems Inc. $32.3 million worth of work, which is expected to last two and a half years.

Tuesday, December 8

European Commission Accuses Qualcomm of 'Predatory Pricing'

The European Commission formally notified Qualcomm Inc. Dec. 8 that the San Diego company may have broken antitrust laws in two instances, engaging in one case in what it called “predatory pricing” and abusing its position as the world’s No. 1 baseband chipset supplier.

Business Complete Solutions Acquires StarPoint Advantage

Business Complete Solutions (BCS), a supplier of office equipment, document management and managed IT services in the San Diego market, announced the acquisition of StarPoint Advantage Inc., an IT technology services business based in San Diego.

La Mesa Industrial-Office Property Sells for $3.35 Million

The William Warren Group of Santa Monica has acquired a La Mesa industrial and office property in an all-cash deal valued at approximately $3.35 million, according to brokerage firm ECP Commercial.

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Rubio’s Moving to New Headquarters Space in Carlsbad

Locally based Rubio’s Restaurants Inc. will relocate to new headquarters facilities in Carlsbad, after signing a lease valued at $5.5 million, according to Cushman & Wakefield.

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Scripps Health, Health Gorilla Sign Agreement

San Diego-based Scripps Health has entered into an agreement with Health Gorilla, a clinical network and technology platform that connects doctors, vendors and patients through a secure interface.

AleSmith Teams with Danish Brewer Mikkeller on New Local Venture

San Diego’s AleSmith Brewing Co.has partnered with Denmark-based brewer Mikkeller to form a new company in Miramar, called Mikkeler Brewing San Diego. Financial terms were not immediately available, with the venture slated to begin operations in the first quarter of 2016.

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Laguna Pharmaceuticals Shuts Down After Failed Drug Trial

Just months after landing a $30 million venture round to advance a promising atrial fibrilation drug through late-stage trials, La Jolla-based Laguna Pharmaceuticals abruptly shut down.

Achates Power Awarded 3-Year, $9 Million Federal Contract

San Diego-based Achates Power announced on Dec. 1 that it received a contract from the U.S. Department of Energy to develop a more efficient gasoline engine.

Monday, December 7

Padres Replacing Petco Park Bleachers With Beach-Themed Area

Petco Park is replacing some of its bleachers in favor of a 600-person “social space” modeled after beach piers, the Padres said Monday.

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Eight S.D. Sushi Restaurants Admit Lying About Content of Lobster Rolls

Eight San Diego sushi restaurants have admitted there was no lobster in their lobster rolls, pleading guilty to violating false advertising laws, the City Attorney’s Office said Monday.

AT&T Bringing Super-Fast Internet Service by End of 2016

AT&T Inc. announced that it plans to bring 1 gigabit Internet service to homes, apartments and small businesses in San Diego by the end of 2016. Dallas-based AT&T (NYSE: T) markets the service under the name GigaPower.

Chula Vista Industrial Property Sells for $5 Million

San Diego-based Commerce Plaza One LLC has acquired a two-building industrial property in Chula Vista for $5 million, according to CoStar Group and public data.

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Minority, Small and Veteran Business Enterprises Sought for Construction Trades Partnership Series

Suffolk Construction announced that it will be expanding the company’s Trades Partnership Series to San Diego for the first time in January 2016 in partnership with the San Diego Housing Commission.

MD Revolution Completes $23 Million Financing Round

Digital health firm MD Revolution announced Monday that it has completed a $23 million financing round co-led by Chicago-based Jump Capital and an undisclosed global healthcare technology company.

Oceanside Apartment Building Sold for $8.1 Million

Structure Property Management Group of Santa Ana has purchased the 46-unit Garrison West Apartments in Oceanside for $8.1 million, according to CoStar Group and public data.

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Joseph 'Jay' Hagan Named COO at Regulus Therapeutics

San Diego’s microRNA drug developer Regulus Therapeutics Inc. announced Monday that Joseph P. "Jay" Hagan has been appointed chief operating officer, principal financial officer and principal accounting officer.

Sunday, December 6

Biotech Firm BioLegend Buys Miramar Buildings for $24 Million

San Diego-based life science company BioLegend Inc. has purchased a four-building industrial campus in Miramar for $24 Million, according to CoStar Group and public data.

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Owner of Chicken of the Sea Scraps Plans to Buy Bumble Bee Foods

Thai Union Group PCL, which owns Chicken of the Sea, said Dec. 4 that it was scrapping plans to buy Bumble Bee Foods after federal prosecutors launched an antitrust investigation into the potential merger of the country’s second- and third-largest packaged tuna in the county.

NASSCO Delivers First ECO Class Tanker for American Petroleum Tankers

General Dynamics NASSCO delivered the company’s first ECO Class tanker, the Lone Star State, to American Petroleum Tankers, General Dynamics NASSCO said.

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EDF Wind Farm to Provide Energy for a Google Data Center

Google has signed a deal with San Diego-based EDF Renewable Energy to purchase renewable energy for its Oklahoma-based data center.

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Nominations Period for '2016 Most Admired CEO Awards' Extended to Dec. 28

Nominations for the San Diego Business Journal’s “2016 Most Admired CEO Awards” have been extended. Nominations will be accepted through December 28.

The Business Calendar for the Week of Dec. 7, 2015

Some of the business events planned in the county for the week of Dec. 7, 2015, and beyond.

Cancer Drugmaker Enlibrium Raises $15M in Series A Round

Cancer drugmaker Enlibrium announced that it has raised $15 million in a Series A financing.

ViaSat, UCSD Team Up for Coverage of Tritons' Athletics

Sports fans have a new television viewing option thanks to ViaSat Inc.

ImageWare, Four Points Awarded Government Contract Worth Up to $3 Million

ImageWare Systems Inc. and partner Four Points Technology LLC received a deal from the Department of Veterans Affairs that could be worth as much as $3 million over two years, provided that the federal agency exercises all of its options.

Friday, December 4

Life Science Firm BioLegend Buys Miramar Buildings for $24 Million

San Diego-based life science company BioLegend Inc. has purchased a four-building industrial campus in Miramar for $24 Million, according to CoStar Group and public data.

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UCSD, ViaSat Team Up for Coverage of Tritons' Sports

Sports fans have a new television viewing option thanks to ViaSat Inc.

Business Calendar for Week of December 7, 2015

Some of the business events planned in the county for the week of Dec. 7, 2015, and beyond.

Chicken of the Sea Owners Scrap Plans to Buy Bumble Bee Foods

Thai Union Group PCL, which owns Chicken of the Sea, said Dec. 4 that it was scrapping plans to buy Bumble Bee Foods after federal prosecutors launched an antitrust investigation into the potential merger of the country’s second- and third-largest packaged tuna in the county.

EDF to Provide Energy for a Google Data Center

Google has signed a deal with San Diego-based EDF Renewable Energy to purchase renewable energy for its Oklahoma-based data center.

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Cancer Drugmaker Enlibrium Raises $15M in Financing Round

Cancer drugmaker Enlibrium announced that it has raised $15 million in a Series A financing.

Nominations Extended for ‘2016 Most Admired CEO Awards’

Nominations for the San Diego Business Journal’s “2016 Most Admired CEO Awards” have been extended. Nominations will be accepted through December 28.

Thursday, December 3

LRAD Corp. Reports Net Income of $9.6 Million for Fiscal 2015

LRAD Corp., maker of devices that can send a highly concentrated beam of sound in a single direction, released its annual financial results on Dec. 3.

Younity Raises $8 Million in Series A Financing

Makers of an app called younity have pulled in $8 million of series A funding.

Climate Change Requires Action Here at Home

Momentum is building in the local and global efforts to confront climate change. As international negotiators hammer out a new climate agreement,

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Gala Recognizes Some Dogged Efforts to Keep San Diego Safe

The San Diego Police Foundation’s fourth annual Gold Shield Gala recently honored police dogs and their officers as “superheroes.”

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Smart & Final Makes Big Moves Going After Haggen Locations

RETAIL: Opportunity To Grab Good Sites Draws Many Chains

The dust has nearly settled on Northwestern chain Haggen Inc.’s ill-fated entry into the Southern California grocery market, and its quick departure has brought new or expanded footholds for several food retailers in San Diego County.

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Infringement Case Shows Difficulty of Protecting Intellectual Property

LEGAL: Supreme Court Passes on Case; KFx $35M Award Stands

KFx Medical Corp. filed its patent applications like any startup would and with the same goal: protecting its intellectual property.

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Reaching the Magic Number

INNOVATION: From Barrooms to Biotech Labs, These Inventors Obtained Their Goal of Earning Patents

Hundreds of patents are filed every month by San Diego companies and it’s no surprise Qualcomm Inc. often accounts for the lion’s share of applications. During the 30-day period from Oct. 10 to Nov. 10, the technology giant was issued 221 patents.

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Stone Brewing Starts Production, Sales of Craft Beers in Europe

Stone Brewing Co. plans a Dec. 7 start for sales of its craft beers in Europe, in advance of the Escondido-based company’s full-scale opening of its Berlin production and restaurant facilities in March 2016.

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Nixon Departs; CB&T Revamps Leadership

BANKING: Parent Zions Is Consolidating Charters

Tory Nixon, the head of San Diego and Northern California operations for California Bank & Trust, left the bank last month for a leadership role at Portland-based Umpqua Bank, as CB&T promoted CFO Eric Ellingsen to president.

Co. Wants to Make All the Right Moves

TECH: GoShare App Provides Access to Vehicles for Hauling

Shaun Savage faced a classic square-peg-in-a-round-hole dilemma: trying to fit a big-screen television from Costco into his Mazda 6 sports sedan.

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Sharp HealthCare Buys Chula Vista Medical Building for $22.5 Million

San Diego-headquartered Sharp HealthCare has purchased a Chula Vista medical office facility for $22.5 million, according to brokerage company Savills Studley.

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Gelson’s Enters Supermarket Fray

RETAIL: Del Mar Location to Compete With Whole Foods

When Encino-based Gelson’s Markets opens next month in Del Mar, with its first-ever San Diego County store, it will be going head-to-head against its biggest competition for high-end grocery shopping dollars — Whole Foods Market, located directly across the street.

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Outshine The Competition

BUILDING: Vision Brings Eye-Catching Exteriors to Buildings

Sempra Energy’s gleaming new headquarters downtown has acres of glass panes covering its 16-story frame. Darker portions of glass zag along the building’s façade and jut above the top floor in a V-shape.

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Entrepreneur Discovers Profits in Presentations

MARKETING: Company On Fast Growth Curve With Outsourced Visuals

Rick Enrico, founder and CEO of SlideGenius, didn’t set out to create a company that specializes in creating visuals, but his talent for designing PowerPoint presentations gradually drew him into the field.

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Executive Q&A Ron Evans of the Salk Institute for Biological Studies

Before drugmakers can develop new products, they first need to get their hands on groundbreaking science. For this, they depend on discoverers and inventors, whose job it is to dig up ideas that can translate to new therapies. That’s Ron Evans, and his discoveries have made millionaires of many.

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El Camino Real Is Ranked as 12th Most Expensive Street

PROPERTY: Rankings For Office Space Show California’s Golden Streets

El Camino Real, in San Diego’s Del Mar Heights submarket, ranks as the nation’s 12th most expensive street for office space, according to a new report by brokerage company JLL.

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Innovative New Products Win Much-Deserved Applause

AWARDS: CONNECT Event Selects Winners In Eight Categories

A tech startup developing fully immersive gaming speakers and another that designed sound machine earplugs were among eight San Diego companies that won trophies last week for the most innovative products of 2015.

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Scripps Gets an ‘Office Job’ With Its New HealthExpress

Scripps Health is expanding its range of services in San Diego County by opening clinics in office buildings.

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There’s a Lot of Work in the Cards for Cubic’s Transportation Arm

The sales force from Cubic Corp.’s transportation arm has been all over the place, under the elevated railroad in Chicago, on the turnpikes of chilly New Hampshire and in Brisbane, Australia, where the trains make stops in Walloon, Ipswich and Burpengary.

Drone Maker Seems to Be on Right Course at Right Time

TECH: Accelerators Help With Key Connections as Startup Gets Off Ground

The afternoon sun is low and Chad Ammon has found a seat on the patio of a San Diego eatery. The CEO has an Arnold Palmer for himself, and he’s gotten chips and salsa to share. Taking up a good portion of the table next to him is an eight-propeller unmanned aircraft with a complicated sensor suite hanging from its belly. The waitress arrives and barely blinks an eye when she sees the latest addition to the party.

Pacifica Cos. Buys Iconic Movie Colony Hotel in Palm Springs

San Diego’s Pacifica Companies has acquired the Movie Colony Hotel in Palm Springs, once deemed by Architectural Digest as “an icon for modernist architecture,” for $2.7 million, according to real estate firm Maxim Hotel Brokerage Inc.

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Innovus Signs Distribution Pact With Bio Task

Innovus Pharmaceuticals Inc., a La Jolla-based commercial-stage pharmaceutical company that makes over-the-counter medicine, announced Thursday that it has signed an exclusive license and distribution agreement with Bio Task for the sale of its products in Malaysia.

Capstone Acquires Carlsbad Retail Center for $11.8 Million

Carlsbad-based Capstone Advisors has acquired the Island at Carlsbad retail center for $11.8 million, the company announced.

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GreatCall Acquires Assets of San Francisco-Based Lively, Inc.

San Diego-based GreatCall, a company offering wireless products to aging consumers, announced Thursday that it has acquired the assets of Lively, Inc., a connected home health platform for older adults.

Wednesday, December 2

Expected Local Holiday Spending Pegged at $5.3 Billion

San Diego retailers and restaurateurs can expect a sizeable holiday season, with a projected $5.3 billion to be spent here in December, according to an estimate from the San Diego Association of Governments, a regional planning agency.

Navy Aegis Upgrade Worth Millions

A portion of a $49 million weapons system contract awarded to Lockheed Martin Corp. will come to the port of San Diego.

Cytori Therapeutics Enters Research Agreement with Worthington Biochemical

Cytori Therapeutics, Inc., a cell therapy company in San Diego, signed a three-year distribution agreement with Worthington Biochemical Corp. to place the Celase GMP enzyme in research markets in the U.S. and select locations internationally, according to a news release.

Qualcomm Inc. Signs Licensing Agreement With China-Based Company

Shares of Qualcomm Inc. closed 5 percent higher on Dec. 2, the same day that Qualcomm said it signed a new technology licensing agreement with Xiaomi, the China-based wireless device and Internet company. Qualcomm (Nasdaq: QCOM) shares closed up 5.17 percent at $51.85.

MabVax Therapeutics Files IND Application

MabVax Therapeutics announced that it has filed an Investigational New Drug application with the FDA for the company’s lead program, an antibody meant to fight pancreatic cancer.

Chula Vista-Based Profil Institute Names President

The Profil Institute for Clinical Research, a clinical research organization (CRO) in Chula Vista, announced that Dr. Christian Weyer has joined the company as president and chief development officer.

Chelsea Opens $47.6 Million Downtown Apartment Complex

Carlsbad-based developer Chelsea Investment Corp. recently opened Alpha Square, its newly completed $47.6 million mixed-use apartment complex in San Diego’s East Village.

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Tuesday, December 1

TechFlow Inc. Receives $12.6 Million from U.S. Air Force

The U.S. Air Force awarded San Diego-based TechFlow Inc. a $12.6 million contract modification to operate and maintain Air Force training ranges.

Kratos Subsidiary Awarded Two-Year, $8 Million Contract

The U.S. Navy said on Nov. 30 that it awarded a two-year contract worth slightly less than $8 million to a subsidiary of San Diego-based Kratos Defense & Security Solutions Inc.

North County Credit Union to Merge With Sony San Diego Employees Federal Credit Union

North County Credit Union will merge with Sony San Diego Employees Federal Credit Union, taking over Sony’s 767 members, North County said Tuesday.

Realty Income Corp. Announces Key Leadership Changes

Realty Income Corp. has named current chief operating officer Sumit Roy as its new president, among other leadership changes announced by the San Diego-based company.

NuVasive Inc. Names Attorney Jason Hanson Executive VP

Medical device maker NuVasive Inc. announced Tuesday that it has recruited Jason D. Hanson to be its executive vice president of strategy, corporate development and general counsel.

Office Report Ranks El Camino Real as Nation’s 12th Most Expensive Street

El Camino Real, in San Diego’s Del Mar Heights submarket, ranks as the nation’s 12th most expensive street for office space, according to a new report by brokerage company JLL.

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Home Prices Up 6.1 Percent Over Last Year

Home values in San Diego and Carlsbad continued to rise in October as home equity values nationwide approached pre-recession levels, according to a report Tuesday from CoreLogic.

Insurance Firm is First Tenant at Renovated Former FBI Building

Property owner Bixby Land Co. recently signed Berkley Insurance Co. as the first tenant at Aero, the renovated former FBI office building at 9797 Aero Drive in Kearny Mesa. Financial terms of the lease were not disclosed.

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