Stories for June 2015

Tuesday, June 30

Home Prices Rose 4.5 Percent Year Over Year in April

San Diego’s home prices rose 4.5 percent in the year since April 2014, according to a national index measuring housing prices, slowing down from the 4.8 percent growth reported for March and continuing to lag behind an average of the nation’s 20 largest cities.

KB Home Buys El Cajon Land for $6.43 Million

Housing developer KB Home of Los Angeles has acquired a 5.47-acre land parcel in El Cajon for $6.43 million, according to commercial brokerage company Colliers International.

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HUYA Bioscience Appoints VP for Japan Operations

HUYA Bioscience International announced Wednesday an expansion of its senior management team with the appointment of Yoshiki Shimamura as vice president for Japan operations.

Three Local Construction Management Firms Make ENR’s Top 100

Three San Diego-based companies made the latest annual list of the nation’s 100 largest construction management firms based on 2014 revenue, published recently by the industry magazine Engineering News-Record (ENR).

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Eolas Therapeutics, AstraZeneca Announce Partnership

Carlsbad-based Eolas Therapeutics Inc. announced Wednesday that is has entered into a worldwide license and partnership agreement with AstraZeneca in a deal potentially worth $145 million.

San Diego's Economic Health Continues to Make Gains, Index Shows

An index of San Diego’s economic health rose again in May, marking 12 straight months of positive outlooks, the University of San Diego said Tuesday.

BAE Systems Receives $13.6 Million Navy Contract

The U.S. Navy has set aside time and money to improve the USS Sterett, a guided missile destroyer based in San Diego.

Monday, June 29

Soltek Pacific Receives $20.2 Million Navy Contract

San Diego-based Solpac Construction Inc., which does business as Soltek Pacific Construction Co., received a $20.2 million U.S. Navy contract to build a multistory training building to prepare pilots to fly the next generation of fighter aircraft: the F-35C Lightning II.

Navy Awards $13M Contract to General Dynamics NASSCO

The Navy awarded General Dynamics NASSCO a $13 million, one-year contract modification to turn out preliminary designs for a new amphibious-landing ship.

Study: Acceptance of Working Moms Continues to Grow

Teen and adult acceptance of working mothers has risen to an all-time high, about double what it was in the late 1970s, researchers at San Diego State University and the University of California, San Diego said Monday.

Carlsbad Office Property Sold for $23.9 Million

Brookwood Financial Partners of Beverly, Mass., has purchased the Carlsbad Executive Plaza office property for $23.9 million, according to brokerage company DTZ.

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Sorrento Therapeutics' Stock Gains 37.5 Percent in Q2

Sorrento Therapeutics Inc.’s stock surged almost 20 percent last week, continuing a trend of strong performance, as shares have gained 37.5 percent in the second quarter.

BioMed Developing New UK Facilities for Illumina

San Diego-based BioMed Realty Trust Inc. plans to develop a 155,000-square-foot building in Cambridge, England, that will eventually house the European headquarters of genomic research and development firm Illumina Inc.

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La Jolla Pharmaceutical Stock Surges

La Jolla Pharmaceutical Co.’s stock surged by more than 17 percent last week, spurred by director Kevin Tang’s purchase of 53,836 shares last Tuesday.

Sunday, June 28

Nine Local Retail Properties Are Sold for $183.25 Million

New York-based Angelo Gordon Real Estate Co. and Citivest Commercial Investments LLC of Newport Beach have purchased a portfolio of nine San Diego County retail properties for $183.25 million, according to Flocke & Avoyer Commercial Real Estate.

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Celladon Corp. Suspends All R&D Activities

Celladon Corp. announced that it will suspend all research and development activities.

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SANDAG Awards $39 Million Construction Contract for Transit Work

Watsonville-based Granite Construction Inc. announced that it has been awarded a $39 million contract by the San Diego Association of Governments (SANDAG) to construct new bus rapid transit stations along state Route 15 at El Cajon Boulevard and University Avenue in San Diego County.

DJO Agrees to Buy Certain Assets From Zimmer Holdings Inc.

Encore Medical, a subsidiary of Vista-based medical device firm DJO Global, has entered into an agreement with Zimmer Holdings Inc. to purchase products to help it invest in the implant business.

Mira Mesa Property Portfolio Sells for $23.5 Million

An affiliate of Cypress Office Properties of San Diego has purchased a four-building office and industrial portfolio in Mira Mesa for $23.5 million, according to CoStar Group and public data.

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Gulls Name Eakins Head Coach

The San Diego Gulls named former Edmonton Oilers head coach Dallas Eakins to lead the coaching staff of the Anaheim Ducks’ minor league team.

The Business Calendar for the Week of June 29, 2015

Some of the business events planned in the county for the week of June 29, 2015.

Former Qualcomm Exec Sentenced to 18 Months and Fined for Insider Trading, Obstruction of Justice

A federal judge sentenced a former Qualcomm Inc. executive to 18 months in prison and fined him $500,000 for acting on insider information to profit from stock trades and then trying to cover up the incidents.

Hollywood Casino Jamul-San Diego Hoists Final Steel Beam of Construction

The Jamul Indian Village said June 25 that it hoisted the final steel beam of its building project — the Hollywood Casino Jamul-San Diego — into place.

San Diego Junior Achievement Team Takes Company of the Year Title at National Competition

The teen entrepreneurs of CCA Today from Junior Achievement of San Diego County were selected from among 15 JA student companies as the JA Company of the Year, Powered by The Hartford, at Junior Achievement’s National Student Leadership Summit.

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Friday, June 26

Nine Local Retail Properties Sold for $183.25 Million

New York-based Angelo Gordon Real Estate Co. and Citivest Commercial Investments LLC of Newport Beach have purchased a portfolio of nine San Diego County retail properties for $183.25 million, according to Flocke & Avoyer Commercial Real Estate.

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The Privilege of Choice or Musings on Artifice

I was asked to write about Rachel Dolezal, the head of the Spokane NAACP chapter in Washington who identified herself as black.

Zephyr Partners Picks Some Perfect Places To Make Its Mark

Zephyr Partners is a San Diego-based real estate development and investment firm that was founded in 2008.

Business Calendar for Week of June 29, 2015

Some of the business events scheduled in the county for the week of June 29, 2015, and beyond.

No Drought of Business for This San Marcos Manufacturer

INNOVATION: Company Designs Rotator Sprinkler To Minimize Water Waste

When your business is water, it’s easy to be passionate about even the smallest bit of waste.

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GROWTH PATTERN

Agriculture Remains Firmly Planted as North County Economic Force

Biotechs and craft breweries are the current darlings of the San Diego County economy, but there’s a stalwart player that has been packing an economic punch far longer than either of these relative newcomers.

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Food Bank Gets a Fine Crew of Volunteers to Help Out

A group of 30 BAE Systems San Diego Ship Repair employees, family members and friends volunteered at the Jacobs & Cushman San Diego Food Bank recently.

Company Ensures Protection From Possible Liabilities

INSURANCE: Verifying COIs and Knowing Limits Of Policies Are Musts

Whenever entities work with vendors, suppliers, or tenants, especially in the public sector, it’s important to make sure they are doing business with people who are properly insured.

O.C.-Based MagnaFlow Plans Headquarters in Oceanside

MANUFACTURING: $10M Facility in Works Next to Firm’s Factory

A Rancho Santa Margarita-based manufacturer of catalytic converters and performance exhaust systems broke ground on a $10 million, 100,000-square-foot headquarters and manufacturing facility in Oceanside late last month.

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Palomar Board Votes to Close Hospital

Palomar Health’s Board of Directors voted June 24 to close Palomar Health Downtown Hospital in Escondido.

Planned Escondido Project Could Boost Employment Opportunity

PROPERTY: Hotels, Assisted Living Facility Still Need Approval

A Hacienda Heights developer has submitted plans for a project off Interstate 15 in Escondido, which officials say could help boost the city’s stock of hotel rooms while setting the stage for more job-creating businesses in the southern area of the city.

SANDAG Awards $39M Contract for Transit Work

Watsonville-based Granite Construction Inc. announced that it has been awarded a $39 million contract by the San Diego Association of Governments (SANDAG) to construct new bus rapid transit stations along state Route 15 at El Cajon Boulevard and University Avenue in San Diego County.

Memjet’s New Headquarters Shows It’s Ready to Compete

Memjet has new digs. The maker of printer components — print heads, microchips, software and inks — has consolidated its headquarters into new space on Technology Place.

Backers Put Big Money Behind Spinal Fusion Therapeutic

La Jolla-based Avalon Ventures led a $17 million Series A round for Ankasa Regenerative Therapeutics, handing over $8.5 million of the funding to the upstart biotech working on new tech for reactivating stem cells and tissue regeneration.

Portable PET Scanners to Deliver Diagnostics to Doctors’ Offices

BIOTECH: Current Scanners Cumbersome Costly and Overbooked

Local startup JAS Neuro Imaging has forged a partnership with Maryland-based Brain Biosciences to bring breakthrough brain technology directly to the doctor’s office.

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USD School Gets $2M NSF Grant

The Shiley-Marcos School of Engineering at the University of San Diego has been awarded a $2 million grant to revolutionize engineering education, USD said.

General Atomics Awarded $737 Million Contract

DEFENSE: S.D. Will Get 45% of Work on Aircraft Carrier System

General Atomics received a major contract this month for its electromagnetic aircraft carrier catapult as well as for a similarly powered arresting gear to catch the small jets landing on the carrier deck.

Prebys Donates $100M to Sanford-Burnham

The Sanford-Burnham Medical Research Institute has received a gift of $100 million from prominent San Diego developer and philanthropist Conrad Prebys.

If Chargers Cool On S.D., There’s Always Hockey

Who in San Diego benefits if the Chargers bolt for Los Angeles?

Celladon Suspending R&D Activities

Celladon Corp. announced that it will suspend all research and development activities.

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S.D. Adds 446 Cos. to Its Innovation Roster

ECONOMY: VC, Research, And Funding Fuel Growth

A new report from business accelerator CONNECT says 2014 was a banner year for San Diego’s innovation economy, with 446 new companies created in the region.

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Drones Drafted for Humanitarian Role

DEFENSE: GA ASI’s Craft On Refugee Rescue Missions

A humanitarian crisis playing itself out in Europe has Italian authorities hungry for information — and turning to 13 San Diego-built unmanned aircraft to get it.

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DJO Global Agrees to Buy Certain Assets From Zimmer

Encore Medical, a subsidiary of Vista-based medical device firm DJO Global, has entered into an agreement with Zimmer Holdings Inc. to purchase products to help it invest in the implant business.

Gulls Name Head Coach

The San Diego Gulls named former Edmonton Oilers head coach Dallas Eakins to lead the coaching staff of the Anaheim Ducks’ minor league team.

Neighborhood Watch Shows Hillcrest Is Hot

PROPERTY: Pernicano’s Site, Other Spots Draw Bidders

Plans could be progressing next year on a mixed-use development that replaces the long-shuttered Pernicano’s restaurant building in Hillcrest — one indicator among several, observers said, of rising demand for commercial property in the popular San Diego neighborhood.

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Mira Mesa Office, Industrial Buildings Sell for $23.5M

An affiliate of Cypress Office Properties of San Diego has purchased a four-building office and industrial portfolio in Mira Mesa for $23.5 million, according to CoStar Group and public data.

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There at the Start(up)

BIOTECH: Hybritech’s Story Is First Chapter of S.D.’s Biotech Biography

The name Hybritech is pinned to local resumes like a badge of honor, as if to say, “I was here in the beginning.”

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San Diego Junior Achievement Team Wins Company of the Year Title at National Meet

The teen entrepreneurs of CCA Today from Junior Achievement of San Diego County were selected from among 15 JA student companies as the JA Company of the Year, Powered by The Hartford, at Junior Achievement’s National Student Leadership Summit.

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Thursday, June 25

Mad Catz Interactive Reports 2015 Fiscal Year Results

Mad Catz Interactive Inc., the publicly traded maker of videogame peripherals based in Scripps Ranch, closed the books on its fiscal year with an auditor’s word of caution and a vote of confidence from its bank.

Nicolas Serieys Named VP at ALTA Environmental

Consulting firm ALTA Environmental named a new vice president on Thursday, promoting its former director of environmental health and safety.

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Tech Firm Independa Launches Ecommerce Website for Seniors

Independa, a digital health company in San Diego, announced Wednesday the launch of its ecommerce website.

Sunroad Begins Fourth Phase of Kearny Mesa Luxury Apartments

San Diego developer Sunroad Enterprises has begun construction on the fourth phase of Ariva, with 302 new apartments planned at its luxury development in Kearny Mesa.

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Richard Slansky Appointed CFO at OncoSec Medical Inc.

OncoSec Medical Inc., a company developing cancer immunotherapies, announced Thursday the appointment of Richard B. Slansky as chief financial officer effective July 6.

Land Housing Auto Dealership Sold for $3 Million

An affiliate of San Diego developer H.G. Fenton Co. has purchased a commercial land parcel currently housing a used-car dealership in the city’s College Area for $3 million, according to CoStar Group and public data.

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Value of S.D. County's Taxable Property Pegged at $458 Billion

San Diego County’s assessor said Wednesday the value of all taxable property in the region rose 5.6 percent to $458 billion as of Jan. 1, with the City of San Diego’s property value assessments growing 6 percent to $218 billion.

Palomar Health to Close Downtown Escondido Hospital

Palomar Health's Board of Directors voted Wednesday night to close Palomar Health Downtown Hospital in Escondido.

Wednesday, June 24

General Atomics ASI Receives $121.4 Million Army Contract

General Atomics Aeronautical Systems Inc. recently received a $121.4 million contract modification from the U.S. Army.

Aethlon Medical Enters $6 Million Stock Purchase Agreement

San Diego-based Aethlon Medical Inc., a medical device company developing therapies for infectious diseases and cancer, announced Wednesday that it entered into a definitive $6 million stock purchase agreement.

South San Diego Apartments Sell for $7.45 Million

A buyer recorded as Wildwood Apartments LLC has acquired the 44-unit Playa Blanca Apartments in southern San Diego for $7.45 million, according to commercial brokerage company JLL.

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David Buss, Retired Vice Admiral, Joins Cubic Corp.

David H. Buss, who recently retired as a vice admiral and who served as the U.S. Navy’s Coronado-based “air boss,” has taken a vice president’s job with Kearny Mesa-based Cubic Corp. The San Diego defense contractor announced the appointment on June 24.

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EDF Renewable Energy Continues Its Acquisitions of Texas Wind Projects

San Diego-based EDF Renewable Energy announced the acquisition of the Salt Fork Wind Project from Cielo Wind Power LP.

FDA Grants ARK Animal Health MUMS Drug Designation

ARK Animal Health Inc., a wholly-owned subsidiary of San Diego-based Sorrento Therapeutics Inc., was granted a Minor Use/Minor Species (MUMS) Drug Designation for its pain drug, ARK-001, for dogs with bone cancer.

Mixed-Use Project with Ritz Carlton Proposed for East Village

Cisterra Development of San Diego has proposed an East Village mixed-use project that would include 205 residential units and a 160-room, five-star Ritz Carlton hotel, according to Civic San Diego.

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Conrad Prebys Donates $100 Million to Sanford-Burnham Institute

The Sanford-Burnham Medical Research Institute announced Wednesday that it has received a gift of $100 million from prominent San Diego developer and philanthropist Conrad Prebys.

Tuesday, June 23

Is Qualcomm Interested in Buying Silicon Valley Chipmaker?

The stock market has found intrigue in Silicon Valley chipmaker Advanced Micro Devices Inc., which according to one report might be considering selling part of the company. A contributor to a crowd-sourced financial website has added speculation to speculation, saying Qualcomm Inc. is a plausible buyer.

Developers Start Work on $21 Million Oceanside Mixed-Use Project

Developers Ryan Companies US Inc. and GF Properties Group LLC planned a June 23 groundbreaking for Block 18, a $21 million mixed-use development in downtown Oceanside.

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San Diego County Credit Union Opens Hillcrest Branch

The San Diego County Credit Union, San Diego’s largest locally-owned financial institution, has opened a new branch in the Hillcrest area at the corner of 5th and University avenues.

Imprimis Acquires Rights to Sedation Formulations

Imprimis Pharmaceuticals Inc. has acquired the rights to novel sedation and analgesia/anesthesia formulations that can block pain and sedate patients undergoing ocular and other surgical procedures.

New Commercial Center Planned in Santee

The Santee City Council recently approved plans for Santee Station, a 16,942-square-foot, four-building commercial center planned for a 2.65-acre site at 8866 N. Magnolia Ave. Completion is expected in early 2016.

Northrop Grumman Awarded $60.9 Million Navy Contract

The U.S. Navy awarded Northrop Grumman Corp. a one-year, $60.9 million service contract related to its Broad Area Maritime Surveillance demonstrator unmanned aircraft, which is similar to its Global Hawk.

Del Mar Heights Office Property Sold for $29.4 Million

San Diego-based Cruzan has acquired the Del Mar Corporate Plaza office property in Del Mar Heights for $29.4 million, according to brokerage company DTZ.

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OneRoof Energy Partners With Fry's Electronics

OneRoof Energy Inc. and Fry's Electronics announced Tuesday that they will partner to install kiosks in select Fry's stores aimed at giving customers the opportunity to learn about going solar.

Monday, June 22

BAE Systems Wins $15.2 Million Navy Contract

The USS Sampson will make a stop at the BAE Systems San Diego Ship Repair yard in Barrio Logan under a newly awarded U.S. Navy contract.

Navy Awards General Atomics $737 Million Contract

General Atomics received a major contract this month for its electromagnetic aircraft carrier catapult as well as for a similarly powered arresting gear to catch the small jets landing on the carrier deck.

UC San Diego Extension Partners With Sycuan, Viejas

The University of California, San Diego Extension announced a partnership with both the Sycuan Education Department and the Viejas Tribal Education Center to provide college preparatory programs as part of a larger effort to boost college enrollment among young adults in underrepresented communities.

Local Hospitality Developer Opens New Hotel in Atascadero

San Diego-based investment and development firm J Street Hospitality Inc. recently opened a new 130-suite SpringHill Suites by Marriott hotel in Atascadero, near Paso Robles, the company announced. The development cost was not disclosed.

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Premier Inc. Awards AMN Healthcare Sole Source Contract

San Diego’s AMN Healthcare Services, the country’s largest provider of health care staffing services, has won a sole source contract with Premier Inc. to offer staffing services and workforce solutions to its alliance of about 3,400 hospitals and 110,000 other health care facilities.

Study: Downtown Aerial Tram Would Cost Up to $75 Million

A proposed aerial tram linking downtown San Diego with Balboa Park would cost between $65 million and $75 million to construct, according to a consultants’ report issued by San Diego Association of Governments (SANDAG).

San Diego Firm Buys Phoenix Office Tower for $93.75 Million

Parallel Capital Partners Inc. of San Diego has acquired the 20-story One North Central office tower in downtown Phoenix for $93.75 million, the company announced.

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Ambrx Inc. Appoints CEO, Chief Science Officer

Ambrx Inc., a San-Diego based biotechnology company, has named Tiecheng (Alex) Qiao its CEO effective immediately.

Sunday, June 21

ATyr Pharma Inc. Reports Q1 Results

San Diego-based aTyr Pharma Inc. reported a net loss of $9.1 million for the first quarter of 2015, up from a net loss of $6.2 million in the same period last year.

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The Business Calendar for the Week of June 22, 2015

Some of the business events planned in the county for the week of June 22, 2015, and beyond.

USD's Engineering School Gets $2 Million Grant to Promote Diversity, Bring Cultural Change to Department

The Shiley-Marcos School of Engineering at the University of San Diego has been awarded a $2 million grant to revolutionize engineering education, USD said.

San Diego Apartment Property Sold for $9.65 Million

A buyer recorded as 3635 College Ave LLC recently acquired the 98-unit Park Grove Apartments in San Diego’s College Area for $9.65 million, according to brokerage company Colliers International.

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Salk Scientist Named Pew Scholar

The Pew Charitable Trusts announced recently that Salk Institute for Biological Studies scientist Nicola Allen, an assistant professor in the Molecular Neurobiology Laboratory, is one of 22 researchers to be named a Pew Scholar in the biomedical sciences.

Remodeling Firm Buys Kearny Mesa Building for $2.62 Million

Buyer Todd Jackson, who operates a local home remodeling company, plans to expand into a Kearny Mesa industrial building that he recently acquired for $2.62 million.

Friday, June 19

SDSU, USD Partner on Life Sciences Program

San Diego State University College of Sciences and the University of San Diego School of Law are partnering on a new program that prepares students for upward career mobility in the growing life sciences industry.

Wearables Are a Fit With S.D.’s Health Care and Tech Clusters

HEALTH: Devices Could Be Game Changer for Health Care, Expert Says

Apple’s latest gadget ― the iWatch ― has spurred a massive influx of digital health companies to enter the already popular wearables market, industry analysts said.

VITAL FORMS AND VITAL FUNCTIONS

Hospital Design’s Healing Power Changes The Relationship of Architecture and Medicine

An increasing number of architects are employing a new approach to building hospitals, combining evidence-based research in neuroscience with architectural design to promote health and healing.

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Supporting Special Olympics Was the Cool Thing to Do at Aquatica

The weather was picture perfect at Aquatica SeaWorld’s Waterpark recently as hundreds of enthusiastic “plungers” charged into the chilly waters of the park’s Big Surf wave pool to raise money for Special Olympics San Diego.

Business Calendar for Week of June 22, 2015

Some of the business events planned in the county for the week of June 22 ,2015, and beyond.

Avalon and GSK Launch Three More Biotech Companies

INVESTING: Startups Will Join Others Working At COI Pharmaceuticals

Avalon Ventures announced the launch of three new biotech companies formed through its collaboration with British drugmaker GlaxoSmithKline.

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One Guess as to Where This Big Mixed-Use Project Is Planned for?

New development projects just keep on coming in downtown San Diego, especially in the red-hot East Village neighborhood. Among the latest being considered is a proposal by Lennar Multifamily Communities LLC for a two-building, mixed-use development with 368 residential units planned for a site at 460 16th St.

Group Sees Infill as Part of Solution to Region’s Water Woes

DEVELOPMENT: Report Touts Water Savings; Still Projects Often Opposed

With looming water cuts from state agencies, San Diegans should take another look at building homes in vacant or underused areas inside existing neighborhoods to significantly cut down on home water consumption, nonprofit Circulate San Diego said this month.

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City Funds Effort to Attract More TV and Film Production

MARKETING: Some Say More Money Is a Must To Be Competitive

San Diego will spend at least $266,000 in the coming fiscal year to get the region back into the film and TV production game, following the 2013 demise of the city’s Film Commission, though some officials have called for much more to be invested.

‘Ad Traffic’ Is Pretty Much Guaranteed With This Platform

MARKETING: HighTech Steering Plus Visibility Help Deliver the Message

The pitch of San Diego startup Wrapify is hard to resist: get paid about $500 per month for the time spent driving to and from work, as long as you agree to cover your car in a vinyl decal advertisement.

BizAir Brings Service to Carlsbad

Chicago-based BizAir Shuttle started its new charter flights with service between Carlsbad’s McClellan-Palomar Airport and Los Angeles International Airport.

ViaSat Joins Board of San Diego Cyber Center

TECH: VP Goodwin Will Represent Company

ViaSat Inc. announced it has become a board member of the San Diego Cyber Center of Excellence (CCOE), a nonprofit that fosters collaboration among companies to establish San Diego as a worldwide center for cybersecurity products and services.

Remodeling Firm Purchases Kearny Mesa Building for $2.62 Million

Buyer Todd Jackson, who operates a local home remodeling company, plans to expand into a Kearny Mesa industrial building that he recently acquired for $2.62 million.

ATyr Pharma Reports Q1 Results

San Diego-based aTyr Pharma Inc. reported a net loss of $9.1 million for the first quarter of 2015, up from a net loss of $6.2 million in the same period last year.

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Salk Institute Scientist Named Pew Scholar

The Pew Charitable Trusts announced recently that Salk Institute for Biological Studies scientist Nicola Allen, an assistant professor in the Molecular Neurobiology Laboratory, is one of 22 researchers to be named a Pew Scholar in the biomedical sciences.

San Diego Apartment Property Sold for $9.65M

A buyer recorded as 3635 College Ave LLC recently acquired the 98-unit Park Grove Apartments in San Diego’s College Area for $9.65 million, according to brokerage company Colliers International.

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Palomar May Close Its Downtown Hospital

HEALTH: Escondido Facility Losing $20M; Board to Decide June 24

Palomar Health may close its downtown Escondido hospital, the board announced.

She Breaks First Law of Thermodynamics

Physics Girl is going to be in the spotlight at the U.S. News & World Report STEM Solutions National Leadership Conference at the San Diego Convention Center on June 29-July 1.

Mission Valley Looks To Plan for Its Future

PROPERTY: Big Projects Coming to Booming Area

The city of San Diego has scheduled a June 30 public meeting that will formally kick off the long-delayed process of updating the Mission Valley community plan, which hasn’t been significantly revised in 30 years.

Nature Assists in Cargo Inspection

TECH: Co.’s Method Can Safely Detect Contraband

Decision Sciences International Corp. intends to be a player in a high-stakes game of hide-and-seek.

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San Diego Region Has Much to Gain From TPP

San Diego has much to gain when it comes to doing business with clients beyond our borders. Last Thursday’s passage of the Trade Promotion Authority (TPA) bill provides the political pathway needed for international negotiations to conclude on trade agreements such as the Trans Pacific Partnership (TPP).

Bank Bucks Trend With Bitcoin Service

FINANCE: Uncertainties of Currency Keep Others Away

Few banks do business with Bitcoin and other digital currency firms, and even fewer make those relationships public.

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TRYING HIS HAND

GAMES: Card Game Creator Has Challenging Role as an Entrepreneur

A plateful of beets stands between Justin Gary and an ice cream sundae. He eats some, sneaks a couple to the family dog and offloads some on others’ plates when the diners’ heads are turned, racing to be the first to clear his plate.

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Thursday, June 18

Novatel Wireless Acquires DigiCore for $87 Million

San Diego-based Novatel Wireless said Thursday it would pay about $87 million to buy DigiCore Holdings Ltd,. a vehicle tracking and telematics company in Johannesburg.

San Francisco Firm Buys Escondido Apartments for $2.06 Million

Vista International Inc. of San Francisco has purchased the 18-unit Southwinds Apartments in Escondido for approximately $2.06 million, according to CoStar Group and brokerage companies that handled the transaction.

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Organovo Announces $40M Underwritten Public Offering

San Diego 3-D bioprinting company Organovo Holdings Inc. announced Thursday a $40 million underwritten public offering of its common stock.

Eyeglass World Opens First of Eight Planned Local Stores

Georgia-based prescription eyewear retailer Eyeglass World has opened a new store at the North County Square commercial center in Vista, the first of eight planned for San Diego County by June 2016.

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SDSU, USD Partner on Program Focused on Life Sciences Industry

San Diego State University College of Sciences and the University of San Diego School of Law are partnering on a new program that prepares students for upward career mobility in the growing life sciences industry.

Wednesday, June 17

Paul Cassani Joins Veteran-Owned Epsilon Systems

Epsilon Systems Solutions, Inc., a veteran-owned professional and technical services company, announced that Paul Cassani has joined the company as president of its Technical Services Group.

Chula Vista Apartment Property Acquired for $2.1 Million

Locally based Muraoka Enterprises LLC recently purchased the 12-unit Oxford Villas apartment property in Chula Vista for $2.1 million, according to brokerage company ACI Apartments Inc.

Batu Biologics Completes $1 Million Seed Round of Funding

Batu Biologics, an immuno-oncology company, announced Wednesday that it has successfully completed a $1 million seed round of funding.

City, Chargers at Impasse Over Stadium Environmental Reviews

City and county leaders are calling on the San Diego Chargers to return to negotiations on a potential new Mission Valley stadium, after team officials decided that a December 2015 election on the matter was not feasible due to environmental review requirements.

Stunt Plane Adventure Attraction to Debut at Gillespie Field

Nevada-based Sky Combat Ace plans a July 1 opening for the second location of its adventure attraction that lets customers ride high-performance stunt planes, set to debut at Gillespie Field in El Cajon.

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Genentech's Asha Das Named VP at Tocagen Inc.

Tocagen Inc., a biopharmaceutical company, announced that Asha Das has been named vice president of clinical development and medical affairs.

General Atomics ASI Awarded $21.1 Million Air Force Contract

General Atomics Aeronautical Systems Inc., a maker of unmanned aircraft and related electronics, has been awarded a $21.1 million firm-fixed-price, cost-plus-incentive fee order on a previously awarded Air Force contract for Predator mission aircrew training systems, the Defense Department announced.

Company Buys Downtown Retail Property for $4.5 Million

PREF Atria LLC, an affiliate of San Diego-based Paragon Real Estate Fund, has purchased the retail portion of downtown’s Atria Building for $4.5 million, the company announced.

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Tuesday, June 16

Carlsbad-Based Elevator Acquires Copper Blue Creative

Digital brand agency Elevator has picked up creative design company Copper Blue Creative, Elevator said Monday, in a deal that combines two Carlsbad-based firms.

Sempra Energy to Pursue Formation of Sempra Partners LP

Sempra Energy announced that its board of directors has authorized the company to pursue the formation and initial public offering of a publicly traded partnership to be called Sempra Partners LP, expected to be listed on the New York Stock Exchange under the ticker symbol “SREP.”

Number of Homes With Negative Equity Continues to Decline

The number of underwater San Diego homes, with owners owing more in mortgages than the homes were worth, fell by about 13,000 to 44,854 in the last year, according to a report released Tuesday by CoreLogic.

HUYA Appoints Bob Goodenow Chief Business Officer

HUYA Bioscience International announced Tuesday that it has appointed Bob Goodenow as chief business officer.

Local REIT Buys Parking Facilities for $36 Million

San Diego-based MVP REIT Inc. has purchased five parking facilities in four states for a total of $36 million, the real estate investment trust announced.

Sempra Energy Declares Quarterly Dividend

The board of directors of Sempra Energy declared a quarterly dividend of $0.70 per share of common stock, the company said.

Former Commerce Secretary Joining Pathway Board

San Diego-based Pathway Genomics Corp. announced that former U.S. Secretary of Commerce Barbara Franklin is joining the company's board of directors.

Escondido Apartment Property Sells for $2.04 Million

A buyer recorded as 3rd & Maple LLC of San Diego has acquired a 16-unit apartment property in Escondido for $2.04 million, according to CoStar Group and public data.

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ViaSat Becomes Board Member of San Diego Cyber Center of Excellence

ViaSat Inc. announced it has become a board member of the San Diego Cyber Center of Excellence (CCOE), a nonprofit that fosters collaboration among companies to establish San Diego as a worldwide center for cybersecurity products and services.

Monday, June 15

Jewish Family Service of San Diego Announces Meg Goldstein to Chair Its Board

Jewish Family Service of San Diego announced Meg Goldstein as the new chair of its board and welcomed other new board members and officers to the agency.

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General Dynamics NASSCO Delivers Newest Ship to Navy

General Dynamics NASSCO, a wholly owned subsidiary of General Dynamics, said it delivered the U.S. Navy’s newest ship, the USNS Lewis B. Puller (MLP 3 AFSB) on June 12.

RF Industries Reports Q2 Sales of $8.1 Million

San Diego-based cable assembly manufacturer RF Industries Ltd. on Monday reported sales of $8.1 million for the second quarter ending April 30, a 40 percent increase from the $5.8 million in the same period last year.

Developer Proposes Large Mixed-Use Project in Mira Mesa

San Diego’s Mira Mesa community planning group is reviewing revised plans submitted by developers for Stone Creek, a proposed 293-acre mixed-use project that includes approximately 4,500 apartments and condos.

Downtown Office Properties Sold for $44 Million

An affiliate of San Diego-based Cisterra Partners LLC has purchased two downtown office buildings for a total of $44 million, according to CoStar Group and public data.

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Millennium Health Program Targets Unsafe Use of Opioids

San Diego-based Millennium Health and its population health management subsidiary, RxAnte LLC, announced a new suite of integrated services to address the growing epidemic of unsafe use of prescription pain medicines known as opioids.

NoteVault Fills New Chief Commercial Officer Position, Names New COO

NoteVault Inc, a San Diego-based provider of mobile reporting solutions for the engineering and construction industries, announced the creation of its chief commercial officer position in order to better support the company’s expansion plans and continued growth.

Conservancy Buys Rancho Santa Fe Residential Land for $13 Million

Escondido Creek Conservancy has purchased 242 acres of land in Rancho Santa Fe for $13 million, with plans to turn the property into an open-space preserve, according to brokerage company Colliers International.

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Sunday, June 14

SunGard Systems Acquires Carlsbad-Based CRW Systems

Wayne, Penn.-based SunGard Systems said Friday it had acquired Carlsbad-based CRW Systems, a software developer that helps municipal government agencies manage community development. Terms of the deal were not disclosed.

La Mesa Apartments Purchased for $3.58 Million

San Diego-based Olasitas LLC has acquired the 21-unit Casa Verde Apartments in La Mesa for $3.58 million, according to brokerage company Colliers International.

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Palomar Health May Close Downtown Escondido Hospital

Palomar Health may close its downtown Escondido hospital, the board announced Thursday.

Business Calendar for Week of June 15, 2015

Some of the business events planned in the county for the week of June 15, 2015 and beyond.

Apartments in Chula Vista Sell for $5.2 Million

A limited partnership recorded as Mark I has purchased the 28-unit Villa Hermosa apartment property in Chula Vista for $5.2 million, according to brokerage company Marcus & Millichap Inc.

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Financial News Boosts Stock of Maxwell Technologies

Demand for Maxwell Technologies stock ticked up after the company made two financial announcements on June 11.

CEO of S.D. County Taxpayers Association Resigns

San Diego County Taxpayers Association CEO Mark Leslie on Friday stepped down one year after taking over the organization, the group’s fourth executive switch in about two years.

BizAir Shuttle to Offer Service From Carlsbad to L.A.

Chicago-based BizAir Shuttle plans a June 18 start for its new charter flights with service between Carlsbad’s McClellan-Palomar Airport and Los Angeles International Airport.

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Friday, June 12

The Business Calendar for the Week of June 15, 2015

Some of the business events planned in the county for the week of June 15, 2015, and beyond.

Ligand Gets FDA Approval For New Application of Drug

San Diego-based Ligand Pharmaceuticals Inc. announced Friday that the Food and Drug Administration has approved a new drug application for the use of Promacta, a drug that Ligand co-developed with British drugmaker GlaxoSmithKline.

Mark Leslie Steps Down From Top Post at Taxpayers Association

San Diego County Taxpayers Association CEO Mark Leslie on Friday stepped down one year after taking over the organization, the group’s fourth executive switch in about two years.

La Mesa Apartments Purchased for $3.58 Million

San Diego-based Olasitas LLC has acquired the 21-unit Casa Verde Apartments in La Mesa for $3.58 million, according to brokerage company Colliers International.

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The Sands of Time Have Been Very Kind to Mission Beach

Try to imagine San Diego without Mission Bay.

Chula Vista Apartment Property Sold for $5.2 Million

A limited partnership recorded as Mark I has purchased the 28-unit Villa Hermosa apartment property in Chula Vista for $5.2 million, according to brokerage company Marcus & Millichap Inc.

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PRACTICALLY PERFECT BUILDINGS

New Structures Are Bright, Functional and Efficient

When the San Diego region’s architects and designers set out to create structures that are visually distinctive, creativity must be tempered by practicality.

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Caring, Compassion Part of the Love Kitchen’s Special Ingredients

The Little Caesars Love Kitchen, staffed by an Escondido franchise of Little Caesars Enterprises Inc., stopped by Interfaith Community Services recently with more than 30 pizzas to distribute to the homeless and clients of Interfaith’s housing programs.

Midcity Mixed-Use Development Seen as a ‘Pioneering’ Project

PROPERTY: Plans for Block-Long Site Include Retail and Dining

Locally based H.G. Fenton Co. recently began work on The Boulevard, a 165-unit, mixed-use apartment community nearly a decade in the making in what has long been considered a blighted portion of central San Diego.

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Local Startup Can Take a Victory Lap for Its PlanetCar App

BitCot Inc., a small startup in San Diego, has won an innovation contest hosted by Santa Cruz electronics giant Plantronics by connecting first responders with car accident victims.

Maxwell Stock Up After Company Makes Financial Announcements

Demand for Maxwell Technologies stock ticked up after the company made two financial announcements on June 11.

Co. Sees S.D. as Its New Center of Navigation Excellence

Kiel, Germany and San Diego are two towns with a history of navy ships and smart people. In recent years, the two cities became linked by the legacy of Hermann Anschütz, an inventor and explorer from more than 100 years ago.

Anthony’s Teams Up With Partner to Pursue a New Lease

DINING: It Offers $9.5M Renovation Plan For Bay-Front Location

Port of San Diego officials say a revised $9.5 million renovation plan for the iconic Anthony’s Fish Grotto makes it a strong contender to remain in the downtown San Diego waterfront spot it’s called home for the past 50 years.

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Co. Wants to Spread the Words With Its Efforts to Defeat Dyslexia

SOFTWARE: Audvi App Translates Text to Talk For Those Who Need It

Ninety-nine percent of the time, the first entry on a person’s LinkedIn profile is a profession.

Consortium, Takeda Form 5-Year Pact

The Sanford Consortium for Regenerative Medicine and Takeda Pharmaceutical Co. Ltd. have established a $10 million, five-year Innovation Alliance to identify translational research and proof-of-concept projects for therapeutics.

Institute, Foundation Partner to Educate Nonprofits

EDUCATION: Goal Is to Teach Effective Leadership, Fundraising

National University and its Sanford Institute of Philanthropy have partnered with The San Diego Foundation to advance a certificate program that serves the region’s many nonprofits through specialized training, the university announced.

CSUSM Names Hamerly Dean of Business School

EDUCATION: He Brings Extensive Private Sector Experience

Jim Hamerly has been named dean of the College of Business Administration at California State University, San Marcos. His appointment was effective June 1.

Wage Debate May Show Intraparty Fault Lines

The bipartisan logic trotted out in 2010 in favor of Proposition 14 — which created open primaries — was that it would result in more moderate candidates being elected to the state Legislature.

Carlsbad-Based CRW Systems Acquired by SunGard

Wayne, Penn.-based SunGard Systems said Friday it had acquired Carlsbad-based CRW Systems, a software developer that helps municipal government agencies manage community development. Terms of the deal were not disclosed.

Carlsbad Restricts Short-Term Rentals

TOURISM: Cities Are Dealing With Airbnb Trend

As San Diego and other U.S. cities debate how to address neighborhood complaints related to short-term vacation rentals, operators of the most-used online booking site are supportive of a new Carlsbad law that limits those rentals to the city’s coastal zone.

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Woman to Take The Helm at Port

LEADERSHIP: New CEO Is an Admired Insider

The Port of San Diego has chosen its next leader from within, tapping Randa J. Coniglio to be its executive director, president and CEO.

Life Science Execs Go With the Changes

LEADERSHIP: C-Suite Shakeups Hit Local Scene

A corner of San Diego’s life science cluster is experiencing an unexpected executive shuffle, with several C-suites reorganizing under new leadership.

Palomar Health May Shutter Downtown Escondido Hospital, Cut Staff

Palomar Health may close its downtown Escondido hospital, the board announced Thursday. The 65-year-old hospital building between Grand Avenue and Valley Parkway is losing about $20 million per year and may need to close within the next few months.

Thinking Outside the Diamond

EVENTS: Padres Score As Game Plan for Petco Goes Beyond Baseball

Sold-out concerts by the Rolling Stones and Paul McCartney, along with the addition of Supercross and Monster Jam shows, are buoying Petco Park’s status as a premier venue and putting the Padres on track this year to collect record special-events revenues.

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Thursday, June 11

Solpac Construction Awarded $14.5 Million Navy Contract

The U.S. Navy awarded a San Diego firm at least $14.5 million worth of hangar construction work at Naval Air Station Lemoore in the San Joaquin Valley.

BizAir Shuttle Starting Service from Carlsbad Airport

Chicago-based BizAir Shuttle plans a June 18 start for its new charter flights with service between Carlsbad’s McClellan-Palomar Airport and Los Angeles International Airport.

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Federal Grant to Support Job Training Program for Inmates

San Diego Workforce Partnership will open two career centers in a San Diego jail and a probation office, using a nearly $500,000 grant from the U.S. Department of Labor, the group said Thursday.

Illumina Partners with Chinese Diagnostics Firm

Illumina Inc. has entered into an agreement with a Beijing diagnostics firm that will employ next-generation sequencing technology to improve health care in China.

Developer Completes $14 Million La Mesa Apartment Complex

Developer Silvergate Development LLC recently completed The Quarry, a $14 million, 60-unit apartment community in La Mesa.

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Arcturus, Janssen Pharmaceuticals Sign Collaboration Agreement

San Diego-based Arcturus Therapeutics Inc. announced Thursday that it has entered into a research collaboration and worldwide license agreement with Janssen Pharmaceuticals Inc.

Chinese-Backed Investor Group Buys $30M Stake in BioAtla

BioAtla LLC announced Thursday that a China-based investor group has purchased $30 million in BioAtla equity.

Firms Buy Residential Land for $128 Million Chula Vista Project

Investment firm Presidio Residential Capital and developer Cornerstone Communities, both based in San Diego, have purchased 44 acres within Otay Ranch Village 2 in Chula Vista, for a planned $128 million single-family housing community.

Wednesday, June 10

North San Diego Business Chamber Selects Board Chair and New Directors

The North San Diego Business Chamber named Janet Beronio chairman of its board of directors for the 2015-2016 term. The chamber also selected other new board members.

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Foreclosure Rate Drops in April, CoreLogic Reports

San Diego foreclosure rates dropped another tenth of a percent in April compared to last year, with 0.4 percent of outstanding mortgage loans foreclosing, according to CoreLogic.

Welk Resort Group Closes $129.6M Securitization

Welk Resort Group Inc. announced that it closed a $129.6 million securitization backed by notes receivable from vacation owners.

Frank Meng to Rejoin Qualcomm as Chairman of China Operations

Qualcomm Inc. announced that it has appointed Frank Meng as chairman of Qualcomm China, effective June 15.

Former Elementary School Site Sells for $5.81 Million

A buyer recorded as Preface JCR Lake Atlin LLC has acquired a San Diego land parcel that formerly housed an elementary school for $5.81 million, according to brokerage company Colliers International.

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Tetra Tech Awarded $20.9 Million Navy Contract

The U.S. Navy awarded Pasadena-based Tetra Tech EC Inc. a $20.9 million contract modification, increasing the maximum dollar amount available for a cleanup project at a former shipyard site in Rhode Island.

Ignyta to Sell $75M of Common Stock in Underwritten Public Offering

San Diego-based Ignyta Inc. announced Tuesday that it will sell about $75 million of its common stock in an underwritten public offering.

Sorrento Mesa Office Property Owners Complete $38 Million Renovation

Owners McCarthy Cook and AllianceBernstein have completed a $38 million renovation of the Enclave Sorrento office property in Sorrento Mesa, according to commercial real estate services company JLL.

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Organovo Reports $30 Million Net Loss for Fiscal 2015

San Diego 3-D bioprinting company Organovo Holdings Inc. reported a net loss of $30 million for the 2015 fiscal year on revenues of $571,000, according to an annual financial statement.

Nordstrom to Anchor Proposed Carlsbad Retail Center

Fashion retailer Nordstrom Inc. has signed an agreement to anchor a proposed Carlsbad retail center being developed near Interstate 5 by Caruso Affiliated of Los Angeles.

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Tuesday, June 9

Kratos Awarded Five-Year, $12.1 Million Army Contract

The U.S. Army said on June 3 that it awarded Kratos Defense & Security Solutions Inc. a five-year, $12.1 million contract for research and development that is apparently related to rocketry.

Major Investor Increases Shares of Chipmaker MaxLinear

Shares of MaxLinear Inc. were on the rise early in the week of June 8, as the Carlsbad chipmaker increased its financial forecast. Meanwhile, a prominent investor disclosed he had increased his stake to more than 5 percent.

City Officials: Public Vote on Chargers Stadium Possible This Year

A San Diego citywide election related to a new Chargers stadium could occur this year, possibly by Dec. 15, city and county officials said in joint statement. The comments followed a second negotiating session involving government and team officials, with a third slated to take place within the next few days.

In-N-Out Buys Former Carrows in Oceanside for $2.49 Million

In-N-Out Burgers of Baldwin Park has acquired an Oceanside property that most recently housed a Carrows restaurant for approximately $2.49 million, according to CoStar Group and public data.

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Median Home Price Hits $530,000 in May, Up 7 Percent From Last Year

The median sale price of previously owned homes rose 7 percent in May compared to the year before, hitting $530,000 as sales picked up slightly, the Greater San Diego Association of Realtors said.

Sanford Consortium, Takeda Pharmaceutical Establish Innovation Alliance

The Sanford Consortium for Regenerative Medicine and Japan-based Takeda Pharmaceutical Co. Ltd. have established a $10 million, five-year Innovation Alliance to identify translational research and proof-of-concept projects for therapeutics.

UTC Retirement Condo Tower Part of $640 Million Sale

Pacific Regent La Jolla, a condominium tower in University Towne Center, is part of a 15-property, 11-state portfolio of retirement communities recently sold in a deal valued at approximately $640 million.

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Scripps Mercy Opens $5.3 Million Center in Hillcrest

Scripps Mercy Hospital has opened a $5.3 million, 3,600-square-foot center for breast health services at its medical building in Hillcrest.

Monday, June 8

Jim Hamerly Named Dean of Cal State San Marcos Business School

Jim Hamerly has been named dean of the College of Business Administration at California State University San Marcos.

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Sanford Institute of Philanthropy Partnering With San Diego Foundation

National University and its Sanford Institute of Philanthropy have partnered with The San Diego Foundation to advance a certificate program that serves the region’s many nonprofits through specialized training, the university announced.

Port District Board to Appoint Randa Coniglio President/CEO

The Board of Commissioners for the San Diego Unified Port District is expected to appoint Randa Coniglio as its new president and chief executive officer at its June 11 Board meeting. Coniglio was selected as the top candidate after a nationwide executive search that began last December. The appointment would make her the first woman CEO in the Port’s 52-year history.

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Escondido Apartments Sold for $2.17 Million

Vista International Inc. has purchased a 15-unit apartment complex in Escondido for approximately $2.17 million, according to brokerage company ACRE Investment Real Estate.

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Golden Hill Apartment Property Sells for $2 Million

Barthell Family Trust has acquired a 10-unit apartment property in San Diego’s Golden Hill neighborhood for $2 million in an all-cash deal, according to brokerage company Marcus & Millichap Inc.

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Solana Beach-Based Seismic Wins Red Herring Top 100 Award

Seismic, which has offices in Solana Beach and Boston, won a Red Herring Top 100 North America award at the Red Herring conference in San Diego, which wrapped up June 3.

Illumina Forms Consortium with Merck Serono, Genea

San Diego-based Illumina has teamed up with German-based Merck Serono and Australia-based Genea to form a consortium known as Global Fertility Alliance for Excellence in Assisted Reproductive Treatment.

Ten Finalists Chosen for PitchTech Competition

Ten tech companies will vie for top honors in the Interactive Day San Diego PitchTech competition, set for June 12.

Townhomes Slated at Chula Vista Site Acquired for $2.4 Million

Muraoka Enterprises LLC has purchased a 1.8-acre land parcel in Chula Vista for $2.4 million, with plans to build a 39-unit townhome development, according to brokerage firm Apartment Consultants Inc., also known as ACI.

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RF Industries Completes Acquisition of Rel-Tech Electronics

San Diego-based RF Industries Ltd. recently announced that it has completed the acquisition of Rel-Tech Electronics Inc., a Milford, Conn.-based manufacturer of custom cable assemblies and wiring harnesses, for a purchase price of up to $3.1 million.

Sunday, June 7

Novatel Prices Private Offering, Says It's Considering Acquisitions

Novatel Wireless Inc. announced late June 4 that it priced a private offering of $120 million in convertible senior notes.

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BAE Systems San Diego Ship Repair Gets $36.6 Million Deal for Destroyer Upgrade, Maintenance

The U.S. Navy said on recently that it awarded BAE Systems San Diego Ship Repair a $36.6 million deal for maintenance and upgrade work to an Arleigh Burke-class destroyer, the USS Kidd.

Newly Acquired $2.5M Oceanside Property Considered for Rental Car Lot

A locally based entity recorded as The Song Ramboldt Living Trust has purchased a 2.54-acre commercial lot in Oceanside for $2.5 million, with the site being eyed for use by a rental car company, according to real estate services provider Land Advisors Organization.

The Business Calendar for the Week of June 8, 2015

Some of the business events happening in the county for the week of June 8, 2015, and beyond.

Orexigen, Takeda File Lawsuit Against Actavis

San Diego’s Orexigen Therapeutics Inc. and its partner Takeda Pharmaceuticals have filed a lawsuit against Actavis Laboratories FL Inc., Andrx Corp., Actavis Pharma Inc., and Actavis Inc., collectively referred to as Actavis.

EDF Renewable Energy's Longhorn Wind Project Becomes Operational

San Diego-based EDF Renewable Energy announced that the 200-megawatt Longhorn Wind Project in Texas recently reached commercial operation.

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Halozyme Therapeutics Names Stelzer to Succeed Retiring CFO

Halozyme Therapeutics Inc., an oncology biotech in San Diego, reported that its chief financial officer, David Ramsay, will retire this summer.

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National City, Alpine Get New Dining Options

The East County community of Alpine has the region’s newest location of Dallas-based Dickey’s Barbecue Pit, which recently opened at 2165 Arnold Way.

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Hillcrest Retail Property Sold for $3.83 Million

A buyer recorded as Citywest LLC has acquired a multitenant retail property in Hillcrest for approximately $3.83 million, according to brokerage company Colliers International.

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PriceSmart Inc.'s May Sales Up 13.8%

PriceSmart Inc., the owner and operator of membership shopping warehouse clubs in Latin America and the Caribbean, announced that for the month of May 2015, net sales increased 13.8 percent to $230.2 million from $202.3 million in May of 2014.

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Friday, June 5

Business Calendar for Week of June 8, 2015

Some of the business events planned in the county for the week of June 8, 2015, and beyond.

Orexigen, Takeda File Lawsuit Against Actavis Over Weight-Loss Drug

San Diego’s Orexigen Therapeutics Inc. and its partner, Takeda Pharmaceuticals, have filed a lawsuit against Actavis Laboratories FL Inc., Andrx Corp., Actavis Pharma Inc., and Actavis Inc., collectively referred to as Actavis.

Stelzer to Succeed Retiring CFO at Halozyme

Halozyme Therapeutics Inc., an oncology biotech in San Diego, reported that its chief financial officer, David Ramsay, will retire this summer.

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Newly Acquired Oceanside Property Considered for Rental Car Lot

A locally based entity recorded as The Song Ramboldt Living Trust has purchased a 2.54-acre commercial lot in Oceanside for $2.5 million, with the site being eyed for use by a rental car company, according to real estate services provider Land Advisors Organization.

Hillcrest Retail Property Sells for $3.83M

A buyer recorded as Citywest LLC has acquired a multitenant retail property in Hillcrest for approximately $3.83 million, according to brokerage company Colliers International.

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Reducing Barriers Benefits San Diego Exporters

CA BOTANA International Inc. is a San Diego-based company of 25 employees that is involved in the research, development and manufacturing of advanced natural skin care products.

Golf Fundraiser Nets $422K for Sharp Grossmont Hospital

Grossmont Hospital Foundation raised more than $422,000 for Sharp Grossmont Hospital at the 31st Annual Grossmont Hospital Invitational Golf Tournament at Sycuan Resort and Casino.

Above the Boardwalk Down in M.B.

This custom, oceanfront home on the boardwalk in Mission Beach was designed by renowned architect Ken Ronchetti. The curvilinear design is a fresh take on the idea of a beach residence.

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Former CIA Official Joins Diomics Board

BIOTECH: The Company Specializes in Forensics, Diagnostics

Diomics Inc. announced recently that Stephen Slick, a former CIA clandestine service senior official, has joined the company’s board of directors.

Firm Sees Alternative Investments Winning More By Losing Less

FINANCE: Co. Puts 45% in Alternatives as Hedge for Bad Times

For decades, the basic makeup of an investment strategy has been 60 percent stocks and 40 percent bonds. Investors looking to further diversify might put up to 10 percent into so-called alternative investments that didn’t correlate to stock returns, including commodities, private equity or even artwork.

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MAKING GAINS

INVEST: Financial Advisors Increasingly Address Interests and Situations of Women Clients

Fewer than half of the women in a recent Morgan Stanley survey said they worked with a financial advisor, and most of those who did reported their advisor misunderstood or neglected them.

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Technology, Marketing and Mother Nature Drive Business

SERVICE: Co. Finds Air Conditioning Is In Demand on the Coast

Carini Heating and Air Conditioning, a family owned and operated business, has found success in its short history by learning digital marketing, providing good service and offering innovative products that provide high energy efficiency.

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Executive Q&A: Cody J. Martinez of Sycuan Band of the Kumeyaay Nation

Cody J. Martinez represents a new generation of leadership on the Sycuan Reservation near El Cajon.

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Digital TV Pioneers’ Shot at Innovation Was a Bull’s Eye

ARRIS Group Inc. marked the 25th anniversary of digital television by bringing several of its inventors back to its birthplace — San Diego, where predecessor General Instrument dreamed up the idea.

Moviegoers to Get Boot and Perhaps a Designer Dress or Blouse

Bargain-hunting fashion shoppers will be among the winners when a popular La Jolla retail center does some tenant shuffling amid renovations set to take place over the next 18 months, with Nordstrom Rack recently announced as the star coming attraction.

Health Truck Puts Convenience Care on the Map … the Road Map

MEDICINE: Stops Include More Isolated Areas of the Region

When the words “mobile health” are spoken in today’s high-tech economy, people are usually referring to smartphone apps and wearable technology. Kaiser Permanente had a more literal approach.

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Arc Creates a Win-Win Situation for Businesses and the Disabled

WORKFORCE: Nonprofit Matches Job Skills to the Needs of Local Companies

When Anthony J. DeSalis began working for The Arc of San Diego, he had no idea that he would be there 32 years later, helping people with developmental disabilities achieve economic independence.

In Digital Age, Disruption Thins the Herd

Has any industry been more quickly and thoroughly disrupted in the digital evolution than photography? (My somewhat rhetorical question was quickly answered in our newsroom with “Journalism;” I should have known better.)

Former Diet Drug May Treat Seizures

San Diego drugmaker Zogenix said that a drug once used to fight obesity before it was taken off the market may help treat a rare disease that causes severe seizures in young children.

Survey: Apartment Vacancy Rate Up from 2014

ECONOMY: More Units, Deployments Influence Availability of Rentals

The region’s apartment vacancy rate now stands at 4.1 percent, up slightly from the spring and fall of 2014, according to newly issued results of a spring survey by the San Diego County Apartment Association.

Local Credit Union Taps Corpuz as Senior VP

FINANCE: Industry Veteran Will Oversee Business Lending

The San Diego County Credit Union has named Michael Corpuz its senior vice president of business lending.

Join the Clubs: Hotels Moving Into Gaslamp

TRAVEL: Millennials Draw Designer, High-Tech Properties

Downtown San Diego’s historic Gaslamp Quarter has long been a magnet for tourists and locals drawn to its lively bar and restaurant scene.

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Kratos’ Division Sale Ditches a Lot of Debt

DEFENSE: Analyst Calls It ‘A Tax Driven Transaction’

Kratos Defense & Security Solutions Inc. is making good on its pledge to sell part of the company, disclosing on June 1 that it struck a deal to sell its Electronic Products Division for $265 million. It plans to retire debt with the proceeds.

Biotech Prepares Financially, Clinically

BIOTECH: Adds Staff, Uplists to Nasdaq Prior to Phase 2

OncoSec Medical Inc., a public biotech company that’s operated largely under the radar in San Diego, has uplisted to the Nasdaq in a move to attract investors with more weight.

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Branch Closures Along Border Raise Concerns

BANKING: Regulatory Costs, Lack of Customers Cited

When Bank of America’s Calexico branch shuts down on June 15, the border city of about 40,000 will have just two bank locations.

PriceSmart’s May Sales Increased 13.8%

PriceSmart Inc., the owner and operator of membership shopping warehouse clubs in Latin America and the Caribbean, announced that for the month of May 2015, net sales increased 13.8 percent to $230.2 million from $202.3 million in May of 2014.

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RISING IN THE WEST

ECONOMY: New Program Part of Japan and S.D.’s Shared Interests, Ambitions

The University of California, San Diego is launching a new program to promote the sharing of ideas, talent and venture capital between Japan and San Diego.

Alpine, National City Get New Dining Options

The East County community of Alpine has the region’s newest location of Dallas-based Dickey’s Barbecue Pit, which recently opened at 2165 Arnold Way.

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EDF’s Longhorn Wind Project Becomes Operational

San Diego-based EDF Renewable Energy announced that the 200-megawatt Longhorn Wind Project in Texas recently reached commercial operation.

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Thursday, June 4

Local Investment Company Buys Portland Property for $12.9 Million

HP Investors LLC of San Diego has acquired a mixed-use commercial property in downtown Portland, Ore., for $12.9 million, the company announced.

Mick Jaggers Promoted to VP at Northrop Grumman

Northrop Grumman Corp. recently said that it promoted Mick Jaggers to vice president and program manager for its Global Hawk unmanned aircraft system programs.

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InterDigital to be Strategic Funding Partner for EvoNexus

InterDigital Inc., the mobile technology research and development company, has agreed to be a strategic funding partner for the EvoNexus pro bono business incubator. The two organizations announced the partnership on June 3.

SeaWorld Attendance Dipped 12 Percent in 2014

Attendance at SeaWorld San Diego dropped 12 percent last year, according to a report released Wednesday that found SeaWorld’s parks in San Diego and Orlando had the largest traffic declines of North America’s 20 largest theme parks.

Local Firm Buys Apartments Near Seattle for $13.6 Million

San Diego-based Pathfinder Partners LLC has acquired a 126-unit apartment community near Seattle for $13.6 million, the company announced.

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Pure Bioscience to Resubmit Application to FDA

Pure Bioscience Inc., creator of an antimicrobial that can be sprayed directly on food to kill harmful bacteria, announced that the company intends to resubmit its Food Contact Notification to the FDA for use of its SDC antimicrobial in raw poultry processing before the end of June.

High-End Condo Project Underway in Bankers Hill

Developer Zephyr Partners of San Diego plans a June 6 opening for the sales office at The Park, its $100 million, high-end condominium and townhome project now under development in Bankers Hill.

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Darren Findley Joins AMN Healthcare Team

AMN Healthcare announced that it has named industry veteran Darren Findley as vice president of recruitment process outsourcing.

Wednesday, June 3

Survey: County’s Apartment Vacancy Rate Up from 2014

The local region’s apartment vacancy rate now stands at 4.1 percent, up slightly from spring and fall of 2014, according to newly issued results of a spring survey by the San Diego County Apartment Association.

Regulus CEO Apruptly Resigns; Chief Science Officer Also Leaving

Kleanthis Xanthopoulos, who has served more than seven years at the helm of San Diego microRNA drug developer Regulus Therapeutics, unexpectedly resigned as CEO and from the company’s board, according to a statement from the company.

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Former Senior CIA Official Joins Board of Diomics Inc.

Diomics Inc. announced Wednesday that Stephen Slick, former CIA clandestine service senior official, has joined the company's board of directors.

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Local Chargers Stadium Negotiations Underway

San Diego city and county government leaders have begun negotiations with San Diego Chargers officials related to building a new local stadium, but participants are so far not divulging details of talks.

Eric Benevich Named CCO at Neurocrine Biosciences

Neurocrine Biosciences Inc. announced that Eric Benevich has joined the company as chief commercial officer.

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General Atomics Delivers Reaper Aircraft to French Military

General Atomics Aeronautical Systems Inc. said on May 29 that it delivered its third unmanned Reaper aircraft to the French Ministry of Defense, less than two months after the contract award. Financial terms of the deal were not disclosed.

Hillcrest Properties Sold for $18.5 Million

An affiliate of San Diego-based Danube Properties Inc. has acquired three Hillcrest commercial properties for a total of $18.5 million, according to CoStar Group and public data.

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Biocept Inc. to Collaborate with Sarah Cannon Research Institute

Biocept Inc., a molecular diagnostics company developing liquid biopsies to improve the detection and treatment of cancer, entered into a clinical collaboration with Sarah Cannon Research Institute, the research arm of Sarah Cannon, the global cancer enterprise of Hospital Corp. of America.

Navy Awards Contract to Koam Engineering Systems

The U.S. Navy awarded San Diego-based KOAM Engineering Systems Inc. a contract for marine design and engineering services that could be worth as much as $76.1 million through January 2020 — provided that the Navy exercises all of its options and issues orders up to the contract’s maximum amount.

Tuesday, June 2

Xpera Group Launches Division Focused on Multi-Unit Properties

San Diego-based construction consulting firm Xpera Group has launched a new service division called Xpera RE, focused on the repositioning and renovation of income-generating properties.

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Sorrento Mesa Office Building Sold for $10.7 Million

Locale Advisors of San Diego has purchased a Sorrento Mesa office building for $10.7 million, according to brokerage company DTZ.

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The Hartford to Sponsor Padres in Multiyear Deal

Insurance company The Hartford said Tuesday it will sponsor the San Diego Padres, along with four other teams and Major League Baseball itself, in a multiyear deal, and will use former Padres closer Trevor Hoffman in some of its advertising.

Home Prices Climbed 5.3 Percent in April Over Last Year

Home prices in San Diego and Carlsbad continued to climb, gaining 5.3 percent in April over the past year, according to a report Tuesday from CoreLogic, which pegged home price appreciation at 6.8 percent nationwide.

Air Force Awards Cubic Corp. $9.9 Million Contract

The U.S. Air Force awarded Cubic Corp. an additional $9.9 million to provide solutions to enhance the Air Force’s chemical, biological, radiological and nuclear counter proliferation and survivability missions program.

Poseida Begins Drug Development at Johnson & Johnson Innovation, JLABS

Poseida Therapeutics Inc., a privately-held human therapeutics spinoff of Transposagen Biopharmaceuticals Inc., announced it has begun drug development operations at its new location at Johnson & Johnson Innovation, JLABS in San Diego.

Bankers Hill Apartments Sell for $6 Million

A buyer recorded as F&F Hill 4th Avenue LP has acquired a 37-unit apartment property in Bankers Hill for $6 million, according to brokerage company ACRE Investment Real Estate Services.

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Entest BioMedical Trying to Acquire Nanotechnology

La Mesa-based Entest BioMedical Inc. announced Tuesday that the company is in discussions to acquire a nanotechnology for the delivery of cancer therapeutics in both animals and humans.

Kratos Receives Two-Year, $4.5 Million Contract

Kratos Defense & Security Solutions Inc. said on June 2 that it received a two-year, $4.5 million contract to support U.S. government programs in directed energy.

Monday, June 1

Report: Infill Development Cuts Water Consumption, Pollution

Building in vacant or underused areas in existing neighborhoods, called infill development, can significantly cut down on home water consumption and pollution, nonprofit Circulate San Diego said Monday in a report.

Kratos Defense to Sell Electronics Division for $265M to London Contractor

Kratos Defense & Security Solutions Inc. has agreed to sell one of its businesses to a London defense and electronics contractor for $265 million, the two companies announced June 1.

Escondido Building Housing Auto Parts Store Sold for $3.87 Million

A buyer recorded as 6021 Business Center Court LLC has acquired an Escondido retail building housing O’Reilly Auto Parts for approximately $3.87 million, according to brokerage firm CDC Commercial Inc.

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Navy Awards ViaSat Contract Worth as Much as $478.6 Million

The U.S. Navy awarded Carlsbad-based ViaSat Inc. an electronics contract that could be worth as much as $478.6 million over five years, the Pentagon announced on May 28.

Construction Projects’ Value Down 48 Percent in First Four Months

The value of San Diego County’s contracts awarded for future construction dropped 48 percent in the first four months of 2015 compared with the same year-ago period, reaching $808.8 million, according to the latest figures from research firm Dodge Data & Analytics.

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Benefunder to Partner with Children's National Health System

San Diego-based Benefunder announced a partnership with Washington D.C.-based Children’s National Health System to boost funding for pediatric research.

San Diego Firm Buys San Francisco Property for $24.1 Million

PREF 580 Market LLC, an affiliate of San Diego-based Paragon Real Estate Fund, has acquired a San Francisco office and retail building for approximately $24.1 million, the company announced.

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Celladon Corp. Announces New Leadership

San Diego drug developer Celladon Corp. has announced new leadership and plans to seek an acquisition or partnership.