Stories for February 2015

Friday, February 27

Social Media Sets Pace as ‘Unruns’ Change Course of Running

SPORT: Millennials Seek Good Times, Not Fastest Times

The growth of nontraditional running and endurance events here and around the country reflects a desire by young adults to combine fitness with fun.

Company Comes Up With Good Recipe to Help Homeless Youth

Intelicare Direct, a leading call center service provider and customer service solutions company with offices in San Diego and Las Vegas, hosted its second annual “Pancakes and Pajamas” day to benefit StandUp For Kids, a nonprofit that works to end youth homelessness.

Aviara’s Neighborhoods Provide the Perfect Place for a Stroll

A walk along the trail bordering the protected 610-acre Batiquitos Lagoon is to experience what it must have been like 1,300 years ago when Native Americans were the only inhabitants.

Executive Q&A: David Diamond of Mayer Hoffman McCann P.C.

David Diamond studies me through round, thin-framed glasses.

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Defense Sector May Have to Restructure if Budget Takes Hit

Does Cubic Corp.’s planned restructuring mean that there’s something bigger a-brewing in the defense industry?

Otonomy Submits Drug for FDA Approval

Otonomy Inc., a company that makes treatments for the middle and inner ear, has submitted a drug candidate for regulatory approval following encouraging Phase 3 data.

Companies Connect Various Service Providers and Consumers

TECH: Investors’ Backing Helps Support Expansion

Two San Diego businesses that let consumers summon service providers with a tap on a smartphone have pulled in seven-figure sums from investors.

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TrackTrain Gives Firefighters a Record of Risky Situations

SOFTWARE: Exposure To Smoke, Chemicals And More Is Logged

Sometimes business plans take a detour.

Cubic Global Defense Awarded $65 Million Deal

Cubic Corp. said that its Cubic Global Defense unit received a contract valued at more than $65 million; the customer is an army in an unnamed Middle Eastern country.

VC Puts $470M into S.D. in First Half of 2014

TECH: Top Two Recipients Were Biotech Companies

Venture capitalists invested $470 million in 53 deals in San Diego during the first six months of 2014.

Pension Numbers Could Play a Part In Stadium Outcome

Among the frustrations expressed by the San Diego Chargers in the football team’s bid for a new multi-use stadium is that they have been going at this without results for 14 years.

Beer Economy Golden to Region

BREWING: Ballast Point, And Others Keep Growing

Few local beer makers had a growth ride on par with San Diego’s Ballast Point Brewing & Spirits during 2014.

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Isis Pharmaceuticals Reports Q4 Results

Isis Pharmaceuticals Inc. reported a significantly improved fourth quarter net income of $31 million, up from a net loss of $24.3 million in the same quarter last year.

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Formula Is New CEO, New Home, Old Drug

BIOTECH: Investors See Good Bet in Heart Drug

San Diego’s abundance of intellectual capital and venture investors with deep pockets has lured yet another startup from its snow-steeped home to sunny Southern California.

VAVi Changes Field of Play With Events

SPORTS: Company Creates Winning Combo: Fun, Sports

VAVi Sport & Social, an organizer of adult sports leagues, is taking its nontraditional endurance events to a wider audience this year by partnering with Endemol North America, the producer of the obstacle course game show “Wipeout.”

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Back to Business For One Paseo

PROPERTY: Retail Leasing Is on Development’s Agenda

With the political battles set aside at least for the moment, Kilroy Realty Corp. and its brokers are proceeding to fill retail and office spaces at the company’s controversial $750 million One Paseo mixed-use development in Carmel Valley.

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Hot Tub Maker Watkins Acquires Endless Pools

Vista-based Watkins Manufacturing Corp., the world’s largest manufacturer of hot tubs, has acquired Endless Pools Inc. through its parent company, Masco Corp.

Apartments Near Imperial Beach Sold for $20.2 Million

The Apartment Co. of San Diego has acquired the 134-unit Clubhouse at Imperial Beach apartment community for $20.2 million, according to real estate services company HFF, which represented the seller.

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ResortCom International’s Chairman Steps Down

John E. Small, chairman of San Diego-based ResortCom International for the last 16 years, announced that he is stepping down effective May 1.

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Business Calendar for Week of March 2, 2015

Some of the business events planned in the county for the week of March 2, 2015, and beyond.

Sempra Reports 2014 Earnings of $1.16 Billion

Sempra Energy, the San Diego-based energy holding company and parent to San Diego Gas & Electric Co., unveiled its 2014 financial results Feb. 26, reporting earnings of $1.16 billion on total revenue of $11.04 billion.

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Thursday, February 26

Cox Calls on Congress to Overturn FCC Decision on Net Neutrality

Cox Communications, one of the region’s dominant cable providers, came out against the Federal Communications Commission’s Feb. 26 decision to regulate the Internet, saying the move was “sure to be challenged in court” and calling for congressional action.

County’s Construction Contract Values Rose 69 Percent in January

San Diego County’s contracts for future construction rose 69 percent in January from a year ago, topping $301.6 million, according to the latest monthly figures from Dodge Data & Analytics.

Ryan Granito Appointed Vice President of Real Estate at Fundrise

Ryan Granito has been named vice president of real estate for Fundrise, a real estate crowdfunding platform.

Senomyx Reports Q4 Loss of $3.1 Million

Senomyx Inc., a biotechnology company that makes flavor-enhancers, on Thursday reported a loss of $3.1 million in its fourth quarter.

Sudberry Properties Opens First Phase of West Park Apartments

San Diego-based developer Sudberry Properties recently completed and opened the first phase of its 612-unit West Park, a $100 million apartment project located at its larger Civita mixed-use development in Mission Valley.

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BioMed Realty Realigns Executive Team as President Leaves Post

San Diego-based BioMed Realty Trust Inc. has announced a realignment of its executive team, following the departure of company President and Chief Operating Officer Kent Griffin.

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3M Acquires Ivera Medical Corp. for Undisclosed Price

Ivera Medical Corp., a San Diego-based company that makes products that disinfect and protect devices used to access a patient’s bloodstream, is being purchased by 3M Co. of St. Paul, Minn.

California Economic Activity Index Makes Gains

Comerica Bank’s California Economic Activity Index grew in December, climbing 1.6 percentage points to a level of 118.3. December’s reading is 34 points, or 41 percent, above the index cyclical low of 83.8.

Wednesday, February 25

Meritage Pharma Acquired by Drugmaker Shire for $70 Million

Dublin-based drugmaker Shire Plc has acquired San Diego-based Meritage Pharma for an upfront payment of $70 million, with another $175 million contingent on meeting milestones, according to a recent news release.

Sempra Investor Group Seeks OK to Expand Natural Gas Plant

Cameron LNG announced on Feb. 24 that it is seeking federal approval to expand its Louisiana natural gas liquefaction plant from three units to five.

Former Assembly Speaker Willie Brown Joins ecoATM Board

Former California Assembly Speaker Willie Brown has joined the advisory board of ecoATM, the San Diego company that produces and maintains a network of electronics recycling kiosks.

Carlsbad Office Property Sold for $19.5 Million

Buchanan Street Partners of Newport Beach has purchased a Carlsbad office building for $19.5 million, the company announced.

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Trigild Appointed Receiver for $17.5 Million Maryland Property

San Diego-based real estate services provider Trigild has been appointed receiver of Centerpointe, a $17.5 million office and industrial park in Landover, Md.

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Airspace Lounge Opens at San Diego International Airport

San Diego International Airport has opened Airspace Lounge, which operators said is the airport’s first and only common-use lounge.

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Silvergate Bank Reports Q4 Net Income of $1.68 Million

La Jolla-based Silvergate Bank announced net income of $1.68 million for the quarter ended Dec. 31, 2014, compared with $1.27 million for the like quarter of the previous year.

Chris Bernard Joins Epic Sciences as Chief Commercial Officer

Epic Sciences Inc., a San Diego-based diagnostics company, announced Wednesday the appointment of Chris Bernard as chief commercial officer.

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Tuesday, February 24

Report: Venture Capitalists Invested $470M in 53 Deals in First Half of 2014

A new report from CONNECT, the San Diego technology accelerator, said venture capitalists invested $470 million in 53 deals in San Diego during the first half of 2014.

Tandem Diabetes Care to Raise $60 Million in Underwritten Public Offering

Tandem Diabetes Care Inc., a medical device company and manufacturer of insulin pumps, announced in a statement Tuesday that it intends to raise $60 million in an underwritten public offering.

Shareholders Approve Merger of Vibra and Pacific Commerce Bank

Vibra Bank’s and Pacific Commerce Bank’s shareholders separately approved the proposed merger of the two banks first announced in October of 2014.

XIFIN Names James C. Malone Its New CFO

XIFIN Inc., a San Diego-based software and services company dedicated to optimizing the economics of health care, has named James C. Malone as its new chief financial officer.

BofI Holding Announces $50 Million At-the-Market Common Stock Offering

San Diego-based BofI Holding Inc., parent company of BofI Federal Bank, announced the completion of its $50 million at-the-market common stock offering commenced in July 2014 and the initiation of a new $50 million at-the-market common stock offering through the filing of a prospectus supplement with the SEC under BOFI's effective shelf registration statement filed on Feb. 19.

Cubic Global Defense Receives Contract Valued at More Than $65 Million

Cubic Corp. said on Feb. 24 that its Cubic Global Defense unit received a contract valued at more than $65 million; the customer is an army in an unnamed Middle Eastern country.

San Diego Council Approves Controversial One Paseo Project

The San Diego City Council has approved the controversial One Paseo mixed-use development in Carmel Valley, a $750 million project slated to include 1.4 million square feet of retail and office space with 608 condos and apartments.

Monday, February 23

Navy Awards Northrop Grumman $25.8 Million Contract

The U.S. Navy said on Feb. 23 that it awarded Northrop Grumman Corp. a $25.8 million contract for software work, specifically engineering sustainment and integrated logistics services in support of its MQ-8 Fire Scout helicopter software.

Qualcomm, Timex Collaborate on Smartwatch

AT&T stores are now selling a Timex smartwatch, which the Connecticut watchmaker built in collaboration with Qualcomm Inc.

SAIC Awarded Task Order Worth Up to $62 Million

The Navy’s Space and Naval Warfare Systems Command (SPAWAR) awarded SAIC a task order worth $62 million if all options are exercised. SAIC said.

Ligand Pharmaceuticals Reports 2014 Net Income of $12 Million

Ligand Pharmaceuticals Inc. reported net income of $12 million for the 2014 fiscal year, according to a recent regulatory filing.

Elcelyx Therapeutics Raises $5.8 Million in Financing

Elcelyx Therapeutics Inc., a biotechnology firm developing drugs for weight management and obesity-related metabolic disorders, has raised $5.8 million in a Series D financing round, according to a recent filing with the Securities and Exchange Commission.

Lemon Grove Apartment Building Sells for $2.95 Million

A buyer recorded as Phx Capl LLC Investment Partnership has acquired a 24-unit Lemon Grove apartment property for $2.95 million, according to Voit Real Estate Services, which represented the buyer and seller.

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Local Firm Acquires Phoenix Retail Center for $9.9 Million

San Diego-based asset management firm XREIT has acquired a Phoenix shopping center for $9.9 million on behalf of a local client, the company announced.

North County Office Portfolio Sells for $113 Million

Brookwood Financial Partners LP of Beverly, Mass., has purchased a three-campus portfolio of seven office buildings in Carlsbad and San Marcos for $113 million, according to CoStar Group and brokers handling the transaction.

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Sunday, February 22

Staffing Company AMN Healthcare Reports Q4 Net Income of $10 Million

The San Diego-based staffing company AMN Healthcare Services Inc. reported fourth-quarter net income of $10 million and net income per diluted share of $0.20. As a result, its stock increased nearly 14 percent to $22.96 per share.

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Task Force to Press Ahead on Stadium Search Despite Chargers New Proposal

Mayor Kevin Faulconer and his newly appointed stadium advisory group are continuing efforts toward keeping the San Diego Chargers in the city, despite a joint proposal announced by the Chargers and Oakland Raiders to build a new $1.7 billion football stadium near Los Angeles.

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Downtown Hotel Palomar Getting $5 Million Renovation

Kimpton Hotels & Restaurants has begun a $5 million renovation of downtown’s Hotel Palomar San Diego, with 50 of its rooms on five floors being reconfigured and rebranded under a concept called Skyline Collection.

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The Business Calendar for the Week of February 23, 2015

Some of the business events planned in the county for the week of February 23, 2015.

URBN Coal Fired Pizza Restaurant to Open Next Month in Encinitas

San Diego-based URBN Restaurants, led by longtime restaurateur Jon Mangini, plans to debut its fourth pizza-oriented concept restaurant in March. Operators said URBN Coal Fired Pizza will open at 764 S. Coast Highway 101 in Encinitas.

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Poway-Based Cohu Posts Q4 Net Income of $374,000

Cohu Inc., the Poway maker of test equipment for semiconductor manufacturers, reported net income of $374,000 on net sales of $96.2 million for its fourth quarter, which ended on Dec. 27. In the same quarter one year ago, the company reported a net loss of $6.5 million on net sales of $61.1 million.

Sempra Energy's Board Approves 6 Percent Increase in Dividend

Sempra Energy announced that its board of directors has approved a 6-percent increase in the dividend on shares of the company’s common stock to $2.80 per share, on an annualized basis, from $2.64 per share.

New Global Headquarters More Than Doubles Lytx's Space

Lytx Inc., a provider of video-based driver safety technology, celebrated a grand opening at its new global headquarters in San Diego at 9785 Towne Centre Drive in UTC.

EvoNexus Announces Feb. 28 Application Deadline for Spring Term

EvoNexus, the pro bono business incubator with spaces in San Diego and Irvine, has set Feb. 28 as the application deadline for its spring term.

Friday, February 20

BuyAutoParts.com Name Crisan to CIO Post

BuyAutoParts.com, an e-commerce and wholesale auto parts distribution company, announced that Adrian Crisan has been appointed chief information officer.

Lytx Moves to New San Diego Headquarters

Lytx Inc., a provider of video-based driver safety technology, celebrated a grand opening at its new global headquarters in San Diego at 9785 Towne Centre Drive in UTC.

Incubator EvoNexus Sets Feb. 28 Deadline for Applications

EvoNexus, the pro bono business incubator with spaces in San Diego and Irvine, has set Feb. 28 as the application deadline for its spring term.

Sempra Energy Increases Dividend 6 Percent

Sempra Energy announced that its board of directors has approved a 6-percent increase in the dividend on shares of the company’s common stock to $2.80 per share, on an annualized basis, from $2.64 per share.

Cohu Inc. Reports Fourth-Quarter Net Income of $374,000

Cohu Inc., the Poway maker of test equipment for semiconductor manufacturers, reported net income of $374,000 on net sales of $96.2 million for its fourth quarter, which ended on Dec. 27. In the same quarter one year ago, the company reported a net loss of $6.5 million on net sales of $61.1 million.

Memorial Service Set for Real Estate Veteran Bruce Sanders

San Diego County commercial real estate veteran Bruce Sanders, 66, died Feb. 4, according to his family and friends. Sanders was a senior vice president in Voit’s San Diego office for over 11 years.

URBN Restaurants Opening Fourth Pizza Eatery in Encinitas

San Diego-based URBN Restaurants, led by longtime restaurateur Jon Mangini, plans to debut its fourth pizza-oriented concept restaurant in March. Operators said URBN Coal Fired Pizza will open at 764 S. Coast Highway 101 in Encinitas.

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$5 Million Renovation Underway at Downtown’s Hotel Palomar

Kimpton Hotels & Restaurants has begun a $5 million renovation of downtown’s Hotel Palomar San Diego, with 50 of its rooms on five floors being reconfigured and rebranded under a concept called Skyline Collection.

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Efforts to Keep Chargers Proceed Despite Carson Stadium Proposal

Mayor Kevin Faulconer and his newly appointed stadium advisory group are continuing efforts toward keeping the San Diego Chargers in the city, despite a joint proposal announced by the Chargers and Oakland Raiders to build a new $1.7 billion football stadium near Los Angeles.

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Business Calendar for Week of February 23, 2015

Some of the business events planned in the county for the week of February 23, 2015, and beyond.

AMN Healthcare Reports Q4 Net Income of $10 Million

The San Diego-based staffing company AMN Healthcare Services Inc. reported fourth-quarter net income of $10 million and net income per diluted share of $0.20. As a result, its stock increased nearly 14 percent to $22.96 per share.

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Stadium Work Should Not Be a Public Spectacle

Commentary: Editorials, letters, columns and other opinions

At the end of January, San Diego Mayor Kevin Faulconer appointed a nine-member task force to identify a site and develop a plan to pay for the construction of a new football stadium for San Diego and the Chargers.

Diversifying Fuel Sources Makes Good Sense

Commentary: Editorials, letters, columns and other opinions

Since President George W. Bush declared in his 2006 State of the Union speech that “America is addicted to oil,” our nation has seen a renaissance of its renewable energy industry.

Executive Q&A: Tory Nixon of California Bank & Trust

Tory Nixon is executive vice president of California Bank & Trust and heads the San Diego and Northern California divisions of the bank.

Banking on Confidence

Improving Economy Prompts Companies to Expand, Build or Buy

San Diego County banks are eagerly looking for borrowers in what’s become a highly competitive market.

It May Be Tax Time for Sites Offering Temporary Stays in S.D.

LEGAL: City Seeks TOT Revenue as Web Changes Tourism Paradigm

San Diego has joined the growing list of major U.S. cities grappling with fiscal and social fallout from rising use of sites such as Airbnb, where property owners rent out rooms or whole homes to vacationers and others on short stays.

Optimal Giving: Helping Nonprofits Keep More of the Money

TECH: Direct Debit Payments Eliminate Processing Fees

By teaching nonprofits about cost-saving payment-processing practices, San Diego-based Optimal Giving helps them keep more of the money they raise.

Give the Change Makes it Easy to Be a Philanthropist

TRANSACTIONS: Debit Card Allows Consumers to Donate Change to Charity

The goal of Give the Change, a San Diego cause-based company, is to make charitable giving simple and convenient through the use of debit cards.

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Cupio: Saving Endangered Rainforests One Square Meter at a Time

GREEN: Program Develops Bonds Between Consumers, Businesses

Solana Beach-based Cupio enables consumers to buy products that fund the preservation of endangered rainforest and then go online to locate the land they’ve helped to preserve.

Cubic Announces Restructuring of its Defense Segments

DEFENSE: Company Expects to Lay Off Less than 2% of Staff

Cubic Corp. announced Feb. 18 that it was restructuring, saying that it will fold together its two defense segments and lay off less than 2 percent of its worldwide staff, all in an effort to improve profitability and competitiveness.

Accretive of San Diego: Corporate Savings Go to Nonprofits

FINANCE: Corporations Cut Expenses, Share Money with Charities

Working in partnership with nonprofit organizations, Accretive of San Diego helps corporations find ways to save money and channel a portion of the savings to charitable causes.

Bar Foundation Giving Aims To Promote Justice for All

The Business of Law Column

Brian Funk is president-elect of the San Diego County Bar Foundation and would like to remind you that the foundation supports access to justice, in a big way.

Grant Will Fortify Food Pantry’s Efforts to Fight Hunger

Kudos/Giving Column

The Hand Up Youth Food Pantry at Jewish Family Service of San Diego was awarded a $75,000 grant from the S. Mark Taper Foundation.

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Proximity Beacons Find Themselves in More and More Locations

Technology Column

Rocco Fabiano says it’s time to shift gears. Time to go from evangelizing to commercializing.

Timing Looks Right for This New Life Sciences Campus in UTC

Real Estate Column

San Diego’s BioMed Realty Trust Inc. has not announced the tenants for its long-planned, $190 million life-science lab and office campus called i3, which recently broke ground at University Towne Center. But the trends in recent brokerage data suggest the company shouldn’t have much trouble filling up the 316,000-square-foot project.

Supreme Court Case Could Dismantle Health Care Law

Health Care Column

A looming Supreme Court case has put pressure on Congressional Republicans to design a new plan to replace President Obama’s signature health care law. But rather than develop new solutions, lawmakers seem to be producing more of the same. Out with the old, and… well, back in with the old.

Independent MIT Enterprise Forum Charts New Course

TECH: New Leadership Prompted Group to Break with CONNECT

MIT Enterprise Forum-San Diego and CONNECT have gone their separate ways after an 11-year partnership.

Online Reputation Management Can Cure Doctors' Web Woes

TECH: Being Aware Of Reviews Can Be a Lifesaver for Practices

Review Concierge LLC, a tiny communications group gone tech startup, is tapping into the new consumer-driven health care market by offering online reputation management to doctors and hospitals.

Virgin America Relocates to Terminal 2 West

Virgin America has relocated its local air operations to Terminal 2 West at San Diego International Airport.

FAA Releases Proposed Rules for Small Drones

Aircraft: Public Comment Period Is Now Taking Place

Businesses might not deliver packages or pizzas by drone quite yet, but the Federal Aviation Administration is taking a step toward the commercial use of small unmanned aircraft.

Here Come Comic Books And Ninja Turtles

SDBJ Insider

IDW Publishing is relocating from Pacific Beach to the NTC Arts & Culture District in historic Liberty Station. IDW publishes comic books and graphic novels, but it’s no little Comic Center of Pasadena.

Bastyr Fills Niche for Naturopathic Doctors

MEDICINE: Accredited School Is Seeing Increasing Enrollment

A new university in San Diego is training the next generation of primary care doctors in the state’s first and only accredited natural medicine school — Bastyr University.

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Businesses Partner With a Cause

GIVING: Firms’ Actions Create Customer Loyalty

Some San Diego companies are finding success by creating business models that are built around charitable giving.

Cymer Lights the Way To Smaller Microchips

TECH: Its EUV Technology Said to Have Bright Future

The huge, colorful video screens on the walls of Cymer’s new, $500,000 control room in Rancho Bernardo tell a story.

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We Oughta Be in Pictures

TOURISM: Region Plots Ways to Woo Film, TV Productions

Discussions are underway to replace what was once the San Diego Film Commission — eliminated as a result of 2013’s tourism-related city budget squabbling — with a new regional organization aimed at making San Diego County a competitive hub for movie and TV production.

Thursday, February 19

Novatel Wireless Posts Q4 Net Loss of $4.4 Million

Novatel Wireless Inc. — the Sorrento Mesa-based maker of wireless devices that is seeking to right its ship — posted a net loss of $4.4 million on revenue of $55.4 million for the last quarter of 2014. The business cut its losses dramatically compared to the same quarter one year ago, when the business turned in a net loss of $21.3 million on revenue of $65.3 million.

Cubic Receives $2.9 Million Contract From Romanian Military

Cubic Corp. said on Feb. 19 that it received a $2.9 million deal from the Romanian military to provide its MILES laser training equipment.

Borrego Solar to Begin Construction on N.Y. System

Borrego Solar Systems Inc. is about to begin construction of a 3.9-megawatt wholesale distributed generation solar energy system in Suffolk County, N.Y., the company announced Thursday.

Sempra Energy to Partner with Petroleos Mexicano on Natural Gas Facility

Sempra Energy has agreed to join state-run Petroleos Mexicanos’s plan to build the first export facility for liquefied natural gas in Mexico at an import terminal on the Pacific Coast.

OCTANe's CEO to Join UCSD Healthcare System

Matthew Jenusaitis will step down as president and chief executive officer of Aliso Viejo-based OCTANe to join the University of California San Diego Healthcare System.

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Church Buys Miramar Office Building for $3.2 Million

Bread of Life Church has purchased an office building in San Diego’s Miramar neighborhood for $3.2 million, with plans to convert the property for a church and related operations, according to Voit Real Estate Services.

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Retail Building Housing Dave & Buster’s Sold for $11.9 Million

Store Capital of Scottsdale, Ariz., has purchased a Mission Valley retail building housing the restaurant Dave & Buster’s for $11.9 million, according to real estate advisory firm Faris Lee Investments, which represented the buyer and seller.

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Report: Craft Beer Generates $600 Million for Region’s Economy

San Diego County’s craft beer breweries and brewpubs generated $600 million in regional economic impact during 2014, a doubling since 2011, according to the latest updated report by National University System Institute for Policy Research.

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Wednesday, February 18

Kratos Defense Divisions Receive Contracts, Order

Kratos Defense & Security Solutions Inc. said that one of its divisions received a $17 million contract.

ClosingCorp Names Mugge Senior VP of Program Development

ClosingCorp, a provider of real estate closing cost data and technology for the residential real estate industry, announced Dan Mugge as its new senior vice president of program development.

Escondido Industrial Park Sells for $7.3 Million

A San Diego entity recorded as 15 North LLC has purchased an Escondido industrial property known as Simpson Business Park for $7.3 million, according to brokerage company Lee & Associates, which represented the seller.

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Fresh Healthy Vending Awarded Contract With Largest Minnesota School District

San Diego-based Fresh Healthy Vending International Inc., a vending franchisor focusing on healthful foods, has been awarded a 1.5 year contract to place snack and beverage choices in Minnesota’s largest school district.

Cubic Announces Restructuring, Reviewing Financial Statements

Cubic Corp. announced on Feb. 18 that it was restructuring, saying that it will fold together its two defense segments and lay off less than 2 percent of its staff, all in an effort to improve profitability and competitiveness.

Realty Income Posts 2014 Increases in Revenue, Net Income

Revenue at Realty Income Corp. rose 19.6 percent in 2014, reaching $933.5 million, as net income available to common stockholders increased 11.7 percent from 2013, totaling $227.6 million, the Escondido-based company reported.

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New Local Kidder Mathews Office Adds 4 More Commercial Brokers

The newly opened San Diego office of commercial brokerage firm Kidder Mathews has added four experienced brokers to its roster, including three more who switched over from the local office of Cushman & Wakefield Inc.

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Neurocrine Announces $225 Million Public Stock Offering

San Diego-based Neurocrine Biosciences Inc. has begun an underwritten public offering of shares of its common stock to raise aggregate proceeds of about $225 million.

Tuesday, February 17

State Department Reportedly Changing Export Rules on Drones

The State Department said on Feb. 17 that it is changing its export rules covering unmanned aircraft.

Institute for Evidence-Based Change Awarded $1 Million Grant

The Encinitas-based Institute for Evidence-Based Change (IEBC) has been awarded a $1 million grant from the James Irvine Foundation to continue data support for Linked Learning schools and to provide data to research/evaluation partners and other stakeholders in the Linked Learning field.

Jack in the Box Reports Q1 Earnings

San Diego-based Jack in the Box Inc. reported earnings from continuing operations of $37.1 million, or $0.94 per diluted share, for the first quarter ended Jan. 18, compared with earnings from continuing operations of $33 million, or $0.75 per diluted share, for the first quarter of fiscal 2014.

SDG&E Receives $5 Million Grant to Expand Mircogrid

San Diego Gas & Electric announced it has received a $5 million grant from the California Energy Commission to expand the Borrego Springs Microgrid.

West Coast Port Dispute Felt in San Diego

A dispute between management and labor at West Coast ports touched the Port of San Diego Feb. 14-16. Two ships that reached their berths during the three-day weekend did not unload during that time, according to a port spokeswoman.

Expedia Travel Agency Division Opens San Diego Location

Expedia CruiseShipCenters, a division of online travel information provider Expedia Inc. that markets and sells cruise vacations through franchised offices, recently opened a San Diego location.

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Tealium Closes $30.7M in Series D Financing

San Diego-based Tealium, which offers tag management and digital data distribution and other software solutions to maximize online marketing, said it has closed $30.7 million in Series D financing.

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San Diego Industrial Building Sells for $4.95 Million

A Beverly Hills entity recorded as 3055 Del Sol LLC has purchased an industrial building in Otay Mesa West for $4.95 million, according to brokerage company Marcus & Millichap Inc., which represented the seller.

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Regen BioPharma Appoints Todd Caven CFO

Todd Caven has been appointed the new chief financial officer of Regen BioPharma Inc., a La Mesa-based biotechnology company focused on identifying undervalued regenerative medicine applications in the immunotherapy and stem cell space.

Mor Furniture Opens 30th Store

San Diego-based Mor Furniture for Less announced the opening of its 30th store.

Lincoln Property Buys Carlsbad Buildings for $11.9 Million

Lincoln Property Co. has purchased a two-building office and industrial park in Carlsbad for $11.9 million, the Dallas-based investment and development firm announced.

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Bob Baltera Named CEO of Laguna Pharmaceuticals

La Jolla-based Laguna Pharmaceuticals, previously known as ChanRx, announced Tuesday the appointment of Bob Baltera as chief executive officer and the completion of a $30 million Series B financing.

Monday, February 16

FAA Releases Proposed Rules for Use of Small Drones

Businesses might not deliver packages or pizzas by drone quite yet, but the Federal Aviation Administration is taking a step toward the commercial use of small unmanned aircraft.

CleanSpark Holdings Raises $2.85 Million in Funding

San Diego-based CleanSpark Holdings LLC has raised $2.85 million in funding, according to a recent filing with the Securities and Exchange Commission.

Comic-con to Hold Online Registration on Feb. 21

Organizers of Comic-con — a $136 million economic force in the community and a summer staple at the San Diego Convention Center — plan to hold online registration on Saturday, Feb. 21.

German Court Sides With ResMed in Patent Infringement Case

A German court has upheld an injunction barring the Chinese medical device manufacturer BMC Medical Co. from offering, selling or distributing its sleep mask products on grounds that they infringe on patents held by San Diego’s ResMed Inc.

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Fallbrook Apartment Building Sold for $2 Million

Wood Family Trust has purchased an 18-unit apartment property in Fallbrook for approximately $2 million, according to brokerage company Colliers International, which represented the buyer.

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Oceanside Apartment Property Sells for $2.5 Million

Glenn L. Goldman Family Trust has acquired a 12-unit Oceanside apartment property for $2.5 million, according to brokerage company Marcus & Millichap Inc., which represented the seller.

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Level 10 Completing Renovations at USD, UC San Diego

The San Diego office of general contractor Level 10 Construction was recently chosen to perform extensive renovations of two buildings at the University of San Diego in Linda Vista, and one at the University of California, San Diego in La Jolla.

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Palomar Display Products Wins Army Contract Worth $28.6 Million

The U.S. Army awarded Palomar Display Products an indefinite-quantity contract that could be worth up to $28.6 million over five years.

Sunday, February 15

James Harris III Selected to Lead University of San Diego

James T. Harris III will be the new president of the University of San Diego, school officials announced on Feb. 13. Harris will take over on Aug. 1 and succeed Mary Lyons, who is retiring at the end of the academic year.

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Mesa College Opens $40.5 Million Science Building

San Diego Mesa College recently marked the opening of its $40.5 million social and behavioral sciences building, located at the community college’s Kearny Mesa campus off Mesa College Drive.

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Residential Lots in Encinitas Purchased for $7.5 Million

Homebuilder Davidson Communities of Del Mar has purchased 19 undeveloped residential lots in Encinitas for approximately $7.5 million, according to real estate services provider Land Advisors Organization, which handled the transaction.

The Business Events Calendar for the Week of February 16, 2015

Some of the business events planned in the county for the week of February 16, 2015, and beyond.

Mission Valley Office Building Sells for $2.8 Million

An entity recorded as 3590 CDRN LLC has purchased a Mission Valley office building for approximately $2.8 million, according to brokerage company Cushman & Wakefield Inc., which represented the buyer and seller.

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STSI to Lead Consortium Developing Program to Fight Ebola

Scripps Translational Science Institute (STSI) announced Friday that it will lead a consortium of four partners to develop a program to improve health outcomes for Ebola patients, increase the safety of health care workers and reduce the risk of spreading the virus to others.

Forbes Awards Five-Star Ratings to Three San Diego County Hotels

Three San Diego County hotels earned Five-Star ratings for their accommodations in the latest edition of Forbes Travel Guide, formerly known as Mobile Travel Guide.

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Clowns.com to Expand Network to San Diego

Clowns.com, a children’s entertainment company located in the New York state, has announced a multicity expansion over the next 24 months that will include San Diego and Los Angeles.

John Cruse Promoted to COO at Balboa Travel

Balboa Travel, a corporate travel management company, announced the promotion of John Cruse to chief operating officer.

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Friday, February 13

Time to Rally Around Sustainability Programs

San Diego’s weather brings new residents and tourists in droves, making it the best asset our region has to offer. Preserving our natural beauty while growing smartly presents ongoing challenges.

Defense Trade Show Is a Tour de Force of Technology and More

One minute, I’m on the show floor of the San Diego Convention Center. The next, I am in a valley in Iceland, amid green mountains and glaciers.

Boys & Girls Clubs Hall of Fame Makes Room for 5 More Heroes

The Boys & Girls Clubs of Greater San Diego inducted five new members into the Escondido branches’ Alumni Hall of Fame during the recent Founders Day Luncheon ceremony at the group’s Lefty Mitchell Branch. The new inductees who joined the 56 current hall of fame members are: Vatei Ouy Campbell, fund development manager, The Elizabeth Hospice; Bill Martin, deputy planning director, City of Escondido; Katherine Longfellow Petersen, former house manager, Ronald McDonald House, Las Vegas; Garrett Ponder, staff coordinator, marketing, Qualcomm Inc.; and Kyle Ruggles, principal, Alamosa Park Elementary School.

Facing Less Funding, State Schools Must Get Creative to Survive

EDUCATION: Partnering With Other Entities Is One Way to Cover Costs

With public funding limited, state-supported universities in San Diego County are searching hard for creative ways to economize and to raise the money they need to continue their missions.

IriSys Raises $6.3 Million in Equity Financing

San Diego-based IriSys LLC has raised $6.3 million in equity financing, according to a recent filing with the Securities and Exchange Commission.

Bird Rock Is a Picture-Perfect Perch for La Jolla Coastal Living

The Bird Rock area, specifically the area west of La Jolla Boulevard, is the southernmost part of coastal La Jolla bordering northern Pacific Beach.

Program Graduates Military Members to Work in Solar Energy Field

A new program designed to train military members for work in the solar energy field graduated its first class Feb. 13 at Marine Corps Base Camp Pendleton in northern San Diego County.

Investment Firm Plots Safe Course for High Wealth Investors

FINANCE: Firm Has Own Research Team ‘Rate’ Bonds

Within weeks of breaking away from Morgan Stanley and starting his own bond management firm in 2008, Bill Gurtin said the municipal bond market froze up, the result of the housing bubble bursting and bond insurance companies collapsing under the weight of countless mortgage defaults.

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Consortium Formed to Develop Program to Fight Ebola

Scripps Translational Science Institute (STSI) announced Friday that it will lead a consortium of four partners to develop a program to improve health outcomes for Ebola patients, increase the safety of health care workers and reduce the risk of spreading the virus to others.

Port Studying Options, Leaves Ride Proposals Up in the Air

PROPERTY: Costs Of Attractions Range From $40M to $200M

Questions over timing and priorities came to the fore as port commissioners reviewed five proposals to put Ferris wheel or observation tower attractions on the downtown San Diego waterfront.

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New Platform Helps Smooth the Road for Clinical Trials

MEDICINE: Recruiting, Retaining Participants Are Made Easier

San Diego-based Parallel 6 Inc. has launched a mobile application that helps drug developers manage one of their greatest hurdles — patient recruitment and retention.

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University of San Diego Names New President

James T. Harris III will be the new president of the University of San Diego, school officials announced on Feb. 13. Harris will take over on Aug. 1 and succeed Mary Lyons, who is retiring at the end of the academic year.

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Son Entices Dad Out of Retirement with New Software Gig

MOBILE: App Streamlines Process for Booking Local Acts

Steve Altman — the executive who laid the foundation for Qualcomm Inc.’s licensing business prior to his retirement in 2014 — has a gleam in his eye.

American Assets Completes $100M Debt Offering

San Diego-based American Assets Trust Inc. has closed on a $100 million privately placed debt offering.

S.D. Tech Coast Angels Sets Investing Record

FINANCE: Chapter’s $8.3M Accounted for Half Network’s Total

San Diego Tech Coast Angels, the largest chapter of Tech Coast Angels, the second-biggest angel investing organization in the United States, announced that its 2014 investments reached an all-time record.

UCSD Launches Center for Business Analytics

SCHOOL: Cubic Subsidiary Is First Corporate Sponsor

The Rady School of Management at the University of California, San Diego announced the launch of its Center for Business Analytics, which will serve as a platform for research and innovation in big data analysis for private businesses and public agencies.

At 25, CSUSM Grows in Size And Stature

Cal State San Marcos is celebrating its 25-year anniversary, which is like a nanosecond in many higher education circles.

Qualcomm Bargains For Certainty in China

TECH: Company Still Faces Scrutiny From U.S., Europe

Qualcomm Inc. might be bruised, but it’s not on the ropes following a 14-month bout with the Chinese government over alleged anticompetitive practices. That is according to a San Diego professor who studies China.

Site Remediation Puts Properties Back in Play

BUILDING: Engineers Busy With Environmental Healing

Rising demand for new apartments in the region’s urban-core neighborhoods has quickened the pace of new project assignments for SCS Engineers and its competitors who advise developers on ways to put old contaminated sites to new uses in environmentally friendly ways.

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Solar Sector Expects Rush for Installations as Incentive Ends

ENERGY: Companies Boost Hiring, Preparing To Meet Deadlines

The looming expiration of California’s incentive program for installing solar energy systems may inspire a boom in solar business as consumers rush to install new projects.

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Hitting The Spot

BEVERAGE: Suja’s Juices Find a Market Thirsty for Its Flavors

From the borrowed attic space of a nightclub to the sprawling manufacturing facility in Miramar, Suja Life LLC has grown from a two-man operation to the fastest-growing beverage company in the nation.

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Medical Group to Occupy Mission Valley Building After $2.8 Million Deal

An entity recorded as 3590 CDRN LLC has purchased a Mission Valley office building for approximately $2.8 million, according to brokerage company Cushman & Wakefield Inc., which represented the buyer and seller.

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Mesa College Opens $40.5 Million Social/Behavioral Sciences Building

San Diego Mesa College recently marked the opening of its $40.5 million social and behavioral sciences building, located at the community college’s Kearny Mesa campus off Mesa College Drive.

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Three Local Hotels Earn Five-Star Ratings in Forbes Travel Guide

Three San Diego County hotels earned Five-Star ratings for their accommodations in the latest edition of Forbes Travel Guide, formerly known as Mobile Travel Guide.

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Encinitas Residential Lots Sold for $7.5 Million

Homebuilder Davidson Communities of Del Mar has purchased 19 undeveloped residential lots in Encinitas for approximately $7.5 million, according to real estate services provider Land Advisors Organization, which handled the transaction.

Balboa Travel Names Cruse to COO Position

Balboa Travel, a corporate travel management company, announced the promotion of John Cruse to chief operating officer.

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Business Calendar for Week of February 16, 2015

Some of the business events planned in the county for the week of February 16, 2015, and beyond.

Thursday, February 12

Advertising Agency MJD Opens Office in Boulder, Colo.

MJD, the San Diego digital advertising agency, has branched out, opening a second office in Boulder, Colo.

New Predator Model Completes Record-Setting Flight

General Atomics Aeronautical Systems Inc. announced on Feb. 12 that its new Predator XP model completed the longest ever flight by a Predator family aircraft.

North County Health Services Completes Expansion of Oceanside Campus

North County Health Services announced Thursday the completion of a $5 million overhaul of its Mission Mesa campus in Oceanside. The project, which broke ground in December of 2013, quadrupled the size of the community clinic.

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Molecular Response Sells Business Unit to Crown Biosciences

San Diego-based Molecular Response LLC announced Thursday the sale of one of its business units to Santa Clara-based Crown Biosciences Inc.

Miramar Industrial Park Sells for $6.7 Million

Providence Capital Group has purchased the two-building Soledad Business Park in San Diego’s Miramar neighborhood for $6.7 million, according to Colliers International, which handled the transaction.

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Virgin America Relocates Operations at San Diego International

Virgin America has relocated its local air operations to Terminal 2 West at San Diego International Airport.

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BioMed Realty Trust Breaks Ground on UTC Life-Sciences Campus

San Diego-based BioMed Realty Trust Inc. has broken ground on its previously announced i3, a new $189 million life-sciences laboratory and office campus being built in University Towne Center.

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Wednesday, February 11

Kratos Defense & Security Solutions Receives $2.6 Million Order

Kratos Defense & Security Solutions Inc. said that it recently received a $2.6 million order for specialized products supporting an unmanned aerial system for the United States. The company’s Feb. 10 announcement did not specify the client.

ResMed Acquires Software Provider Jaysec for Undisclosed Sum

San Diego-based ResMed Inc. announced it has acquired Jaysec, a provider of Internet-based software solutions for the home medical equipment industry.

General Atomics Aeronautical Systems Awarded $279.1 Million Contract

The U.S. Air Force awarded General Atomics Aeronautical Systems Inc. a $279.1 million contract to produce two dozen Reaper unmanned aircraft and associated equipment.

American Assets Trust Completes $100 Million Debt Offering

San Diego-based American Assets Trust Inc. has closed on a $100 million privately placed debt offering.

Cidara Therapeutics Completes $42 Million Financing Round

San Diego-based Cidara Therapeutics Inc., a biotechnology company developing anti-infectives and immunotherapies, announced the completion of a $42 million financing round on Wednesday.

San Marcos Industrial Property Sells for $6.8 Million

JRD Real Estate V LLC of Wilmington, Del., has purchased a San Marcos industrial property for $6.8 million, according to brokerage company Colliers International, which represented the seller.

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Hospitality Associations Form Alliance

The Food & Beverage Association of San Diego and the Chefs De Cuisine Association of San Diego have formed an alliance to better serve the local hospitality industry, the two groups said.

Tuesday, February 10

Qualcomm Stock Gets Boost Following Resolution of Antitrust Dispute With China

Financial markets responded positively to news that Qualcomm had settled its antitrust dispute with China, sending shares 4.7 percent higher Feb. 10, the first trading day after the pact became public.

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Isis Pharmaceuticals Announces $5M Milestone Payment

Carlsbad-based Isis Pharmaceuticals Inc. announced that it has earned a $5 million milestone payment from Biogen Idec related to developing a treatment for an unspecified neurological disorder.

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Nine Local Stores on RadioShack Closing List

Nine San Diego County locations are among nearly 1,800 stores targeted for potential closing by RadioShack as part of a recent Chapter 11 bankruptcy filing, according to a list released by the Texas-based retailer.

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Rady School Announces Launch of Center for Business Analytics

The Rady School of Management at the University of California, San Diego announced the launch of its Center for Business Analytics, which will serve as a platform for research and innovation in big data analysis for private businesses and public agencies.

Otay Mesa Retail Centers Sold For $8.94 Million

Kroeger Family Properties has acquired two retail centers in San Diego’s Otay Mesa neighborhood for approximately $8.94 million, according to Colliers International, which represented the sellers.

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TGG Names Ruff CEO; Garrett to Take Executive Chairman Role

San Diego-based TGG, a provider of outsourced accounting and business advisory services, announced that Andrew Ruff has been appointed as chief executive officer effective immediately. Matt Garrett, former CEO, is now executive chairman of the company.

State Makes $10.8 Million Land Buy in Kearny Mesa for New CHP Office

The state of California has purchased a Kearny Mesa land parcel for approximately $10.8 million, with plans to build a new California Highway Patrol office at the site, according to Voit Real Estate Services, which represented the seller.

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Ligand Reports Q4 Net Income of $7.1M

Ligand Pharmaceuticals Inc., a San Diego-based biotechnology firm, posted quarterly earnings results.

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Monday, February 9

Nassco's Newet Ship, USNS Lewis B. Puller, Named After Famous Marine

With the commandant of the U.S. Marine Corps in attendance, dignitaries named one of General Dynamics Nassco’s newest ships after a larger-than-life Marine, Lewis B. “Chesty” Puller.

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Pure Financial Advisors Opening Office in Woodland Hills

Pure Financial Advisors, a Mission Valley-based financial planning and asset management firm, said it is opening an office in Woodland Hills on Feb. 23.

SDSU Receives $1 Million Endowment From Bernard Osher Foundation

The Osher Lifelong Learning Institute at San Diego State University has received a $1 million endowment from the Bernard Osher Foundation.

CareFusion Signs Exclusive Agreement With Breas Medical

San Diego-based CareFusion Corp., a global medical technology company, announced Monday that it has signed an exclusive distribution agreement for the U.S. with Breas Medical for its Vivo line of ventilation equipment.

San Marcos Retail Center Sells for $53.4 Million

A buyer group that includes Emerald Interests Corp. of Scottsdale, Ariz., has purchased the seven-building Campus Marketplace retail center in San Marcos for $53.4 million, according to CoStar Group and public data.

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Local Retail Center Part of $925 Million Portfolio Deal

Eleven San Diego retail buildings were part of a recent $925 million deal, in which New York-based Kimco Realty Corp. bought out its joint venture partner in a multi-state portfolio of 131 buildings, according to CoStar Group and the buyer.

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Qualcomm, China Settle Antitrust Case for $975 Million

Qualcomm Inc. and the Chinese government have settled their dispute, with China levying a $975 million fine against the company and the San Diego firm pledging to decrease royalty rates for Chinese high-tech manufacturers that want to use Qualcomm’s extensive patent portfolio.

Home Bank of California Reports 2014 Net Income of $2.76 Million

Home Bank of California, with a single office in Kearny Mesa, reported 2014 net income of $2.76 million, compared to $2.3 million for 2013.

Sunday, February 8

Q4 Revenue Exceeds $52 Million for Maxwell Technologies

Maxwell Technologies Inc. on Thursday reported revenue of $52.9 million for its fourth quarter ended Dec. 31, 2014, up 36 percent from the $39 million recorded in the same period in 2013.

San Diego Angel Investors Raise $8.3 Million for 16 Companies

San Diego Tech Coast Angels, the largest chapter of Tech Coast Angels, the second-biggest angel investing organization in the United States, announced that its 2014 investments reached an all-time record.

Stantec, Sparling Design Firms Sign Merger Agreement

Design and consulting firm Stantec, based in Canada with offices in San Diego, has signed a merger agreement with design firm Sparling, whose San Diego office provides electrical engineering and architectural lighting work, and its lighting design division Candela.

Diagnostics Firm Trovagene Announces Pricing of Public Offering

San Diego-based Trovagene Inc., a developer of cell-free molecular diagnostics, announced the pricing of an expected $20 million underwritten public offering of 4.4 million shares of its common stock.

The Business Events Calendar for the Week of February 9, 2015

Some of the business events planned in the county for the week of February 9, 2015, and beyond.

Company Rebrands Itself as Eastridge Workforce Solutions

The Eastridge Group of Staffing Cos. rebranded itself to become Eastridge Workforce Solutions.

PriceSmart Inc. Board of Directors Declares Cash Dividends

PriceSmart Inc. said its board of directors declared cash dividends of 70 cents per share, with 35 cents being payable on Feb. 27 to stockholders of record as of Feb. 13. Another 35 cents will be payable on Aug. 31 to stockholders of record as of Aug. 14.

Star-Studded Financing Round Closes for Suja Juice

San Diego-based Suja Juice Co. announced the close of a financing round in excess of $20 million.

Friday, February 6

Follow Roadmap to End Veteran Homelessness

United Way of San Diego and city partners recently made their first push into the San Diego community to inform veterans that permanent housing solutions will be available as early as mid-February.

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Recently, Mayor Kevin Faulconer appointed a task force to develop a plan for building a new multi-use stadium.

Home of the month: Santaluz Serenity

This ocean-view, single-story family compound is in the gated community of Santaluz in Rancho Santa Fe. The home is a masterpiece of indoor-outdoor living on the 17th green of the Rees Jones-designed championship golf course.

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Foundation Delivers More to Coastal Communities and Causes

Fresh Start Surgical Gifts, a San Diego nonprofit, will kick off its 2015 Dental Clinics during National Children’s Dental Health Month in February to provide restorative and orthodontic dental procedures and preventative dental education to disadvantaged infants, children, and teens.

Taylor Guitars Stays Close to Home to Find Global Talent

WORKFORCE: CFO Leverages Connections With SDSU, UCSD, USD

In addition to having a reputation for making quality musical instruments, Taylor Guitars is known as a local company that has successfully embraced an international business strategy.

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Local Universities Expand International Programs to Meet Growing Demand

As U.S. companies increasingly compete for international trade, local universities are ramping up their efforts to prepare their business students to meet the challenge.

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Hire Is Good Guide to Have in the Real-Estate Deals Territory

Amelia Sanchez has joined Crosbie Gliner Schiffman Southard & Swanson LLP (CGS3) as senior counsel. Sanchez brings to CGS3 more than 18 years of commercial real estate and transactional experience representing national, regional and local companies.

FAA Sees Planned Ferris Wheel Operating at an Unsafe Altitude

Port commissioners are scheduled Feb. 10 to review several proposals to put a giant Ferris wheel on the San Diego bayfront, but it’s already looking as though developers will need to at least downsize their dreams.

Company’s Buy Brings Complete Control of a Hemp Business

San Diego-based Medical Marijuana Inc. has acquired a hemp business from one of the biggest names in recreational cannabis, Denver-based Dixie Holdings LLC.

Shareholder’s Opposition Part of Rocky Road for Merger

The planned merger of Chula Vista’s Vibra Bank and Pacific Commerce Bank in Los Angeles may not go as smoothly as the banks’ top management would like.

Puck Stops Here: San Diego Gets Hockey Team

SPORTs: Minor League Franchise Is Owned By The Anaheim Ducks

Hockey is coming back to San Diego this fall, and it can’t be too soon, judging from the response the team’s owners received since the deal was announced.

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Scripps, Cigna Collaboration Is All About Coordinating Care

MEDICINE: Program Helps High-Risk Patients To Follow Care Regimen

Scripps Health has embarked on a collaboration with insurance agency Cigna Healthcare to better coordinate services between providers and patients, potentially lowering the cost of health care to employer groups.

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When it Comes to Tech Jobs, San Diego Outpaces Nation

ECONOMY: Despite Layoffs, Region Sees Continued Growth

San Diego managed to buck a national trend last year that saw the elimination of more than 100,000 high-tech jobs. Even though the region sustained several high-profile layoffs, it was able to create more jobs to make up for the cuts.

Toddler’s Meal-Time Tantrum Leads to a Mother’s Invention

PRODUCT: Attorney Taps Into Kickstarter, UCSD to Develop Kid-Proof Plate

Sometimes, necessity is the mother of invention.

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Anthem Discloses Data Breach

Anthem Inc., the nation’s second-largest health insurer, revealed late Wednesday that its information technology system has been hacked, exposing the birthdays, Social Security numbers, income data and other personal details of about 80 million customers and employees.

EvoNexus Puts Out Call for Incubator Applicants

TECH: Opportunity For Startups to Get Workspace, Exposure

Technology incubator EvoNexus has announced its open call for applications from startups competing to enter its locations, the group said.

MaxLinear Acquiring Entropic Communications

ACQUISITION: Cash And Stock Deal Is Valued at $287 Million

Two San Diego public semiconductor companies are joining forces.

Retirement Attempt Doesn't Sit Well For TV Journalist

Longtime local TV news producer J.W. August managed to stay retired for about a month.

‘Home’ Setting is Key to Hospice Care

MEDICINE: Sharp’s Model Is Residential, Not Institutional

Sharp HospiceCare has opened a hospice residence in Bonita that is intended to marry the comforts of home with the support of inpatient care.

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New Name, Plan for North County Project

PROPERTY: It Puts More Open Land, Trails in the Picture

A senior official with San Diego-based Newland Communities says the company has made crucial changes to a large master-planned project near Escondido that was rejected by county supervisors under a prior developer, though it could still be several years before a single new home gets built.

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Fannie, Freddie Say No; Lenders Say Yes

BANKING: Unusual Income Streams Don’t Stop Mortgages

Borrowers who can’t meet stricter federal guidelines for “qualified mortgages” are now being courted by mortgage lenders willing to make the loans, but at a higher price.

Suja Juice Announces Close of $20 Million Star-Studded Financing Round

San Diego-based Suja Juice Co. announced the close of a financing round in excess of $20 million.

Tapping Its Resources

BEER: Brewer Sets Up Financing, Production for Even Bigger Push in State

San Diego’s Karl Strauss Brewing Co., the granddaddy of local craft beer brewers, is taking steps to boost production capacity and meet growing retail demand for products such as its Red Trolley Ale.

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PriceSmart's Board Declares Cash Dividend

PriceSmart Inc. said its board of directors declared cash dividends of 70 cents per share, with 35 cents being payable on Feb. 27 to stockholders of record as of Feb. 13. Another 35 cents will be payable on Aug. 31 to stockholders of record as of Aug. 14.

Staffing Agency Rebrands as Eastridge Workforce Solutions

The Eastridge Group of Staffing Cos. rebranded itself to become Eastridge Workforce Solutions.

Business Calendar for Week of February 9, 2015

Some of the business events planned in the county for the week of February 9, 2015, and beyond.

Design Firms Stantec, Sparling Sign Merger Agreement

Design and consulting firm Stantec, based in Canada with offices in San Diego, has signed a merger agreement with design firm Sparling, whose San Diego office provides electrical engineering and architectural lighting work, and its lighting design division Candela.

Maxwell Technologies Reports Q4 Revenue of $52.9 Million

Maxwell Technologies Inc. on Thursday reported revenue of $52.9 million for its fourth quarter ended Dec. 31, 2014, up 36 percent from the $39 million recorded in the same period in 2013.

Trovagene Announces Pricing of $20 Million Public Offering

San Diego-based Trovagene Inc., a developer of cell-free molecular diagnostics, announced Friday the pricing of an expected $20 million underwritten public offering of 4.4 million shares of its common stock.

San Diego Tech Coast Angels Set Record Investment Year in 2014

San Diego Tech Coast Angels, the largest chapter of Tech Coast Angels, the second-biggest angel investing organization in the United States, announced that its 2014 investments reached an all-time record.

Thursday, February 5

Guild Mortgage Opens Branch in Carlsbad

Guild Mortgage Co., a San Diego private mortgage bank, said it opened a Carlsbad branch office as part of the company’s continued expansion in the West.

CareFusion Posts Strong Second-Quarter Financial Results

CareFusion Corp. announced its second-quarter financial results, posting strong revenue growth bolstered by the acquisition of the Vital Signs division of GE Healthcare last January.

Borrego Solar Systems Reports Record Year in 2014

Borrego Solar Systems Inc., a San Diego designer, financier and installer of solar energy systems for both commercial and residential customers, said it had a record year in 2014, and a 40 percent increase in installed megawatts.

Anthem Discloses Data Breach; 80 Million Customers Affected

Anthem Inc., the nation’s second-largest health insurer, revealed late Wednesday that its information technology system has been hacked, exposing the birthdays, Social Security numbers, income data and other personal details of about 80 million customers and employees.

Wednesday, February 4

Mark McClellan Appointed to Boards of Two West Health Entities

Dr. Mark B. McClellan, former head of the Centers for Medicare & Medicaid Services and the U.S. Food and Drug Administration, has been appointed to the boards of directors of the Gary and Mary West Health Institute in La Jolla and the Gary and Mary West Health Policy Center in Washington, D.C.

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Union Bank Opens Full-Service Office in La Jolla

Union Bank has opened a new full-service office in La Jolla Village Square, 8715 Villa La Jolla Drive.

Tri-City Medical Center Opens First Primary Care Clinic

Tri-City Medical Center has launched its first primary care clinic in Vista called Tri-City Primary Care.

Spire is Latest Attraction Proposed for Downtown Waterfront

A downtown waterfront “SkySpire,” similar in appearance to Seattle’s Space Needle, is the latest addition to a list of proposed attractions that San Diego port district officials are expected to discuss at their Feb. 10 meeting.

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Airport Seeks Potential Developers of Parking Plaza

San Diego International Airport operators are seeking potential developers for the design and construction of a “high-level experience” public-use parking plaza.

EvoNexus Calls for Applications From Startups for Incubator Program

Technology incubator EvoNexus has announced its open call for applications from startups competing to enter its locations, the group said.

Fab Lab San Diego Relaunches in East Village

Community and tech industry leaders marked the relocation and relaunch of Fab Lab San Diego, which recently moved from Kearny Mesa to the new Makers Quarter mixed-use development in downtown’s East Village.

Palomar Specialty Insurance Completes $17.5M Surplus Note Issuance

Palomar Specialty Insurance Co., based in La Jolla, said it completed a $17.5 million surplus note issuance in a private placement to RenaissanceRe Ventures Ltd., and to funds under management by a premier asset manager.

Tuesday, February 3

Father Joe’s Village’s New CEO to Take Reins on Feb. 17

Father Joe’s Village announced its new president and CEO Deacon Jimmy Vargas will officially assume the role Feb. 17.

Dr. Donald Kearns Named President/CEO at Rady Children's Hospital

Rady Children’s Hospital San Diego has named Dr. Donald Kearns as president and chief executive officer.

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MaxLinear to Acquire Entropic Communications

Two San Diego public semiconductor companies are joining forces.

New Tenants Announced for Pacific Highlands Ranch Retail Center

Locally based clothing and accessories retailer Urban Girl is among new tenants signed to occupy The Village at Pacific Highlands Ranch, a new retail center under construction in San Diego’s Carmel Valley neighborhood.

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Ligand Pharmaceuticals, Sermonix Sign Licensing Agreement

San Diego-based Ligand Pharmaceuticals Inc. announced Tuesday the signing of a license agreement with Sermonix Pharmaceuticals LLC for the development and commercialization of oral lasofoxifene.

MetLife Takes $54 Million Stake in Downtown Apartment Property

MetLife Inc. of New York has acquired a partial stake in a 264-unit East Village apartment property for $54 million, according to CoStar Group and public data.

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First National Bank of Southern California Obtains $3 Million in Capital Funding

First National Bank of Southern California, based in Riverside and with three branches in San Diego County, said it obtained an additional $3 million in capital funding in December from existing investors.

Target Plans October Openings for New San Diego Stores

Retailer Target Corp. has scheduled October openings for two San Diego stores that will be among 15 locations under various formats debuting nationwide during 2015.

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SD Sports Innovators Accepting Applications for Springboard program

SD Sports Innovators, the nonprofit business accelerator that connects entrepreneurs in the active sports industry to veterans and experts, said it is accepting applications for its SDSI Springboard program through March 6.

FDA Gives Zogenix OK to Retool Painkiller to Minimize Abuse of Drug

San Diego-based Zogenix Inc. announced that it has received regulatory approval for a new formulation of its painkiller Zohydro that is intended to be harder to abuse, though the company is still working on studies needed to uphold that claim.

Monday, February 2

Imprimis Pharmaceuticals Announces Two Promotions

Imprimis Pharmaceuticals Inc., a pharmaceutical company making compounded drug therapies, announced that it has promoted John Saharek to chief commercial officer and Andrew R. Boll to chief financial officer.

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Sony Online Entertainment Acquired by Columbus Nova

Sony Online Entertainment, a San Diego-based producer of online video games, has been acquired by Columbus Nova, an investment management firm based in New York.

Qualcomm Highlights Strong Product Pipeline for Snapdragon

Qualcomm Inc. announced that its subsidiary, Qualcomm Technologies Inc., has a customer design pipeline in excess of 60 premium tier mobile devices based on the Qualcomm Snapdragon 810 processor. New devices based on Snapdragon 810 include the LG G Flex2 and the Xiaomi Mi Note Pro, with many additional devices expected to be announced in the coming days and months.

Define Financial Relocates Offices to Symphony Towers

Define Financial, a financial advisory firm in San Diego, recently relocated to new offices at Symphony Towers.

Verimatrix Names Padgett CFO

San Diego-based Verimatrix, which specializes in securing and enhancing revenue for multinetwork, multiscreen digital TV services, announced that Charles Padgett has been named chief financial officer.

Poway Nursing Facility Building Sold for $7.45 Million

A Studio City-based entity recorded as 12696 Monte Vista Road LLC has acquired the Villa Monte Vista skilled-nursing facility building in Poway for $7.45 million, according to CoStar Group and public data.

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Local Balfour Beatty Division Completes $76.2 Million L.A. Apartment Tower

The San Diego-based Southwest Division of general contractor Balfour Beatty Construction recently completed the $76.2 million Sunset and Gordon luxury apartment building in Los Angeles.

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Escondido Condo Community Acquired for $9 Million

Sentre Partners of San Diego has purchased a 53-unit condominium property in Escondido for approximately $9 million, the company announced.

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RFI Industries Reports Q4 Net Income of $325,000

RFI Industries Ltd., the San Diego maker and distributor of cable assemblies for wireless networks, reported fiscal 2014 fourth-quarter net income of $325,000, compared to $25,000 for the prior year’s fourth quarter.

Sunday, February 1

$78 Million Contract Awarded Rudolph and Sletten for Outpatient Pavilion

The San Diego office of general contractor Rudolph and Sletten Inc. has been awarded a $78 million preliminary contract to begin work on a new outpatient pavilion for UC San Diego Health Services in La Jolla.

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J. Craig Venter Joins Obama for Unveiling of Precision Medicine Initiative

San Diego’s genome pioneer J. Craig Venter, co-founder and CEO of Human Longevity Inc., was among leaders in the field of genomics on hand at the White House on Friday as President Barack Obama outlined his Precision Medicine Initiative.

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The Business Events Calendar for the Week of February 2, 2015

Some of the business events planned in the county for the week of February 2, 2015, and beyond.

Software Developer ImageWare Announces $12M Direct Offering

ImageWare Systems Inc., a San Diego-based developer of mobile and cloud-based identity management software, announced a $12 million registered direct offering of convertible preferred stock.

Assets Hit $6.7 Billion in 2014 for San Diego County Credit Union

San Diego County Credit Union, the area’s largest credit union, grew by about $400 million last year to bring the total assets to about $6.7 billion.

Kearny Mesa Auto Dealer Properties Part of $4.28 Billion Deal

Seven Kearny Mesa properties are among 324 auto dealership buildings nationwide recently acquired by New York-based Brookfield Property Partners LP in a $4.28 billion portfolio deal, according to CoStar Group and the buyer.

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Staff Shakeup at DTZ L.A. Office; No Changes Planned in S.D.

Fallout from the year-end purchase of real estate brokerage Cassidy Turley by an affiliate of DTZ Investment Holdings has hit Los Angeles.

Faulconer Appoints Nine to Study Chargers Stadium

San Diego Mayor Kevin Faulconer named nine people to a citizens’ stadium advisory group to figure out how to build a new home for the San Diego Chargers that would be a fair deal for taxpayers.

NewSchool of Architecture Chosen to Host Global One-Day Event

NewSchool of Architecture & Design said it has been selected as the West Coast venue for World Information Architecture Day (WIAD) 2015, a global one-day event Feb. 21 that focuses on improving how digital technologies intersect with everyday life.