Stories for November 2015

Monday, November 30

Colsa Corp.'s San Diego Operation to Perform Bulk of $44.8 Million Navy Contract

Colsa Corp. of Huntsville, Ala. received a SPAWAR contract that could be worth up to $44.8 million over five years if the U.S. Navy exercises all of its options.

Two GA-ASI Execs Named to Museum's Hall of Fame

Two executives with General Atomics Aeronautical Systems Inc. — maker of the Predator family of unmanned military aircraft — have been named to the International Air & Space Hall of Fame at the San Diego Air & Space Museum.

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Jerome's Furniture to be Presenting Partner of Petco Park's Holiday Wonderland

Jerome’s Furniture has signed on as the presenting partner of the Holiday Wonderland in Petco Park, the San Diego Padres announced.

SpectraScience and JagWorldwide Enter Into Distribution Agreement

San Diego medical device maker SpectraScience Inc. announced that it has entered a distribution agreement with JagWorldwide Ltd. to introduce its products in the Middle East.

New Science Facility Opens at Point Loma Nazarene University

Point Loma Nazarene University in San Diego has opened its recently completed new $40 million science facility, a project that included related renovations at the Christian university.

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Four Local Office Properties Receive BOMA Awards

The San Diego chapter of the Building Owners and Managers Association (BOMA) recently honored operators of four local commercial office properties at its annual The Outstanding Building of the Year (TOBY) and member awards gala.

HUYA Bioscience Announces Alliance with Korea Drug Development Fund

San Diego’s HUYA Bioscience International on Monday announced a memorandum of understanding with the Korea Drug Development Fund (KDDF) to advance Korean development and commercialization of health care products for the global market, according to a news release.

Oceanside Apartments Sold for $18.2 Million

The Apartment Co. of Encinitas has purchased the 100-unit Oceana Apartment Homes in Oceanside for $18.2 million, according to Institutional Property Advisors (IPA), a division of brokerage company Marcus & Millichap.

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Human Longevity Acquires Cypher Genomics

Human Longevity, a tech-driven genomics company founded and led by pioneering geneticist J. Craig Venter, has acquired San Diego’s Cypher Genomics for an undisclosed amount.

Sunday, November 29

Court Approves Sale of 8 More Local Haggen Stores

The U.S. Bankruptcy Court has approved the sale of 47 more Haggen Inc. grocery stores in five states, including eight in San Diego County. Financial terms of separate purchase agreements involving several retailers were not immediately available.

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County’s Construction Starts Down 30 Percent in First 10 Months of 2015

San Diego County’s construction starts declined 30 percent in value from a year ago in the first 10 months of 2015, to just over $2.5 billion, according to the latest figures from Dodge Data & Analytics.

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OneRoof Energy Announces $20M Loan Facility

OneRoof Energy, Inc., a residential solar services provider, announced a loan agreement with North Sky Capital’s Alliance Fund II and will provide the company a $20 million loan facility, according to a news release.

La Mesa Apartment Community Sells for $8.9 Million

Stricker Family Partnership of San Bernardino has purchased the 45-unit The Ridge on Jackson apartment community in La Mesa for $8.9 million, according to real estate services company HFF Inc., which arranged financing for the deal.

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The Business Calendar for the Week of November 30, 2015

Some of the business events planned in the county for the week of November 30, 2015, and beyond.

Local Firm Acquires Chula Vista Medical Office Building for $4.5 Million

An entity that includes San Diego-based Douglas Wilson Cos. has acquired the Bonita View Plaza medical office building in Chula Vista for $4.5 million, the real estate services company announced

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Bird Golf Academy Partners with Rams Hill Golf Club

The founders of Bird Golf Academy announced a partnership with Rams Hill Golf Club, according to a news release.

Miramar College Opening New $34M Science Building

San Diego Miramar College is opening a $34 million science building addition to its campus.

Wednesday, November 25

Why Studying Abroad Is Good for S.D. Business

Businesses in San Diego and throughout the United States are positioning themselves to compete with the rest of the world. As they prepare to face the challenges of a global marketplace, companies are seeking employees with a unique set of competencies. Corporations are searching for individuals who possess the skills to successfully navigate a diverse international terrain.

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Boys & Girls Clubs of Carlsbad Get Some Helping Hands

The La Costa 35 Athletic Club, a local nonprofit, hosted its 5th Annual Texas Hold ‘Em Poker Tournament, benefiting the Boys & Girls Clubs of Carlsbad. Since its first tourney, the program has more than doubled in attendance and raised more than $100,000. Tournament Director Rob Holzman said there were 20 poker tables, 180 players and net proceeds of more than $45,000 for the Boys & Girls Clubs of Carlsbad — a record.

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Riley Assumes Role of President for San Diego Bar Association

Heather Riley, a partner at Allen Matkins Leck Gamble Mallory & Natsis LLP, is the new president of the San Diego County Bar Association. Riley is awesome.

The Union-Tribune Finds Four Suitable Stories in Downtown

Earlier this year, downtown San Diego saw a major changing of the media guard when The Daily Transcript vacated its longtime home on Third Avenue — downsizing and moving into smaller quarters on Fourth Avenue following its acquisition by Daily Journal Corp. of Los Angeles.

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Movement in The Market

PROPERTY: Economic Activity and Space Demands Raise Rents But Also Motivate Landlords to Improve Offerings

Many San Diego County office tenants landed some great “Class A” space at bargain prices in the immediate aftermath of the Great Recession of 2009-2010. Now, many of those businesses are facing what local commercial brokers aptly describe as “sticker shock,” as leases signed during that period come up for renewal.

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Lenders Work to Meet Retailers’ Loan Demand During Holidays

FINANCE: Inventory Lending Can Be Risky, Attracts Alternative Lenders

The holiday shopping season can be extremely lucrative for retailers. Sales during November and December account for up to 40 percent of some retailers’ annual revenue, according to the National Retail Federation. And a Gallup poll this month showed U.S. shoppers anticipate spending an average of $830 this holiday, the highest spending estimate since 2007.

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Blue Takes a Look at an Interesting Past, a Fascinating Future

Linden S. Blue makes few public appearances and even fewer public speeches.

Executive Q&A J. Jean Cui, Co-Founder of TP Therapeutics

J. Jean Cui could be the poster girl for accomplished women in science, but good luck convincing her of that.

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Local Cruise Business Appears to Be Moving in Right Direction

TOURISM: Improving Atmosphere, Economy in Mexico Will Boost Travel

It won’t soon become the economic juggernaut that it was in pre-recession days, when it supported 3,000 jobs and generated an estimated $300 million annually for the region’s economy, but port calls and other indicators suggest a distinct recovery in the making for San Diego’s long-ailing cruise ship industry.

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Activist Shareholders Look to Change Direction, Directors at Co.

LEADERSHIP: PICO Announces Stock Buyback; Some Seek Board Change

PICO Holdings Inc., a publicly traded firm based in La Jolla with interests in water resources and home building, slashed its CEO’s salary and announced a $50 million stock buyback campaign this month as activist investors threatened to oust PICO’s board over declining share prices.

Sequencing of Embryos Enhances Chance of Having Healthy Baby

BIOTECH: Co.’s Process Used for In Vitro Fertilization

One of the more controversial topics in diagnostics today is the practice of reproductive genetic testing, which science fiction would have us believe will lead to designer babies with perfect features.

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Two Thumbs Up For Innovative New Infrastructure

We need it, maybe we don’t No. 1: The Cross-Border Xpress in Otay Mesa opens Dec. 9.

New Novatel Leader To Decide on Direction

TECH: Recent Acquisitions, SaaS Options And Hardware Challenges on Plate

After a tumultuous couple of years, Novatel Wireless Inc. is still trying to find its identity.

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Boffo Experience Drives High-End Niche

HOSPITALITY: Companies Furiously Updating Theaters

Fresh out of college in 1993, Adolfo Fastlicht joined with three friends in Mexico City to form Cinemex, taking on several longer-established Mexican theater chains to eventually offer a more upscale, luxury version of moviegoing.

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Amplyx Takes Aim At Antifungals

PHARMA: Puts Big Series B, Experienced Team Into Fight

Biotech investors seeking big returns don’t usually gravitate toward drugs that treat fungal infections. But increasingly, serial entrepreneurs (and their financial backers) see antifungals as a decent business opportunity. The latest infusion of cash against superbug strains goes to San Diego’s Amplyx Pharmaceuticals.

Co. Takes the Measure Of Sponsored Athletes

DATA: Brand Mentions, Fan Interaction Tabulated

Houston Rockets star shooting guard James Harden inked a $200 million deal this summer to promote Adidas sneakers for the next 13 years. Nike, Harden’s former sponsor, declined to match Adidas’ offer for the three-time all star. Did one of the shoe companies make a huge mistake?

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Uniform Approach

DEFENSE: Navy’s New CANES Network Brings IT Versatility and Unity

The USS Carl Vinson is 1,092 feet long, weighs 97,000 tons and serves as a floating airport.

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Tuesday, November 24

Home Prices Increased 6.6 Percent in Year Ending in September

San Diego’s home prices increased 6.6 percent in the year ending in September, according to an index measuring housing prices, continuing to exceed the average national bump.

Alastin Skincare Inc. Names New President/CEO

Alastin Skincare Inc., a specialty skin care company in Carlsbad, announced the appointment of Diane Goostree as its new president and CEO.

UCSD Awarded NASA Space Technology Research Grant

NASA has selected 15 university-led proposals, including one from the University of California, San Diego, for the study of early-stage space technology innovations, awarding as much as $500,000 each.

New Hilton Garden Inn Hotel Opening at Old Town

Operators before year’s end plan to open the new Hilton Garden Inn San Diego Old Town, billed by the developer as the first completely new hotel to be built in Old Town in more than 12 years.

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SOCi Appoints New CFO

SOCi, a developer of software solutions for social media and marketing management, announced that it has appointed Michael Massey to be its new chief financial officer.

New Restaurant with Horse Race Betting Opens in Downtown San Diego

Sportech Venues California, a subsidiary of U.K.-based Sportech PLC, has opened Striders, a new downtown San Diego restaurant and high-end lounge where guests can legally wager on horse racing.

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Monday, November 23

Petco Being Acquired for $4.6 Billion

Private equity firm CVC Capital Partners and Canada Pension Plan Investment Board have signed an agreement to acquire the holding company for San Diego-based Petco Animal Supplies Inc. for $4.6 billion.

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Kratos Chosen as Subcontractor on $44 Million Deal

Kratos Defense & Security Solutions Inc. said Nov. 23 that its Defense & Rocket Support Services Division was chosen as a subcontractor on a multimillion-dollar project.

Key Qualcomm Executive Hired Away by Intel Corp.

Intel Corp. has hired former Qualcomm Inc. executive Murthy Renduchintala.

Biocept's Liquid Biopsy OK'd For Use by 2 PPO Networks

Molecular diagnostic firm Biocept announced Monday that it has signed two new agreements with preferred provider organization networks — Fortified Provider Network and Three Rivers Provider Network.

Perry Nisen Named to California Life Sciences Association Board

The California Life Sciences Association announced Monday that Perry Nisen, CEO of Sanford Burnham Prebys Medical Discovery Institute, will join its board of directors.

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Court Approves Sale of Eight More Local Haggen Stores

The U.S. Bankruptcy Court has approved the sale of 47 more Haggen Inc. grocery stores in five states, including eight in San Diego County. Financial terms of separate purchase agreements involving several retailers were not immediately available.

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Port District Approves Lease for InterContinental Hotel at Lane Field Site

Port district commissioners have approved a lease for a planned 400-room luxury InterContinental Hotel, to be developed on the southern portion of the former Lane Field ballpark site in downtown San Diego.

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Airport Selects Design Concept for $2.2 Billion Terminal 1 Project

San Diego International Airport officials have chosen a design concept from among five alternatives for a planned $2.2 billion redevelopment and reconfiguration of the aging Terminal 1.

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Sunday, November 22

Holiday Bowl Still Looking for Sponsor

The Holiday Bowl is still on the hunt for a named sponsor with less than six weeks to go before the Dec. 30 kickoff.

County's October Unemployment Rate Increases to 5%

San Diego’s unemployment rate climbed back up to 5 percent in October, up from 4.6 percent in September, as the county’s job growth failed to keep pace with an expanding labor force.

Convention Center Board Names Davis as Interim GM

Industry veteran Joe Davis has been appointed to serve an interim general manager of the San Diego Convention Center Corp., the nonprofit public benefit corporation that operates the waterfront facility on behalf of the city.

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The Business Calendar for the Week of November 23, 2015

Some of the final business events planned in the county for 2015.

Magazine Names San Diego/Tijuana Among Top 20 Travel Locales

National Geographic Traveler magazine has named the San Diego/Tijuana binational region among the world’s top 20 travel destinations for 2016, the San Diego Tourism Authority announced.

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Otonomy Enrolling Patients for Phase 3 Clinical Trial of Ménière’s Disease Treatment

San Diego-based Otonomy Inc., a company that makes treatments for the middle and inner ear, is enrolling the first patients in a Phase 3 clinical trial of OTO-104 for Ménière’s disease, an inner ear disorder characterized by severe dizziness, vertigo, and gradual hearing loss.

West Health Institute Will Donate Autism Research Assets

San Diego’s Gary and Mary West Health Institute will donate its technical and clinical assets of its autism research program to Northeastern University’s Bouvé College of Health Sciences in order to develop more effective interventions for the disorder.

Youngevity International Reports Q3 Revenue of $41.3M

Youngevity International Inc., a Chula Vista-based global direct marketer for nutritional and lifestyle products and producer of gourmet coffees, increased its third quarter revenue 9.9 percent from the like quarter of the previous year to $41.3 million.

Board Appointment Gives AnaptysBio Inc. More Commercialization Experience

AnaptysBio Inc., a biotech developing antibody products for inflammation and cancer, announced the appointment of James A. Schoeneck to its board of directors.

Incapta Inc. Names Music Exec to Its Board

Incapta Inc., a media holding company with a focus on mobile apps and video games, announced music executive Julian Boothe will join its board in January.

Friday, November 20

Convention Center Board Names Joe Davis as Interim GM

Industry veteran Joe Davis has been appointed to serve as interim general manager of the San Diego Convention Center Corp., the non-profit public benefit corporation that operates the waterfront facility on behalf of the city.

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Otonomy Inc. Enrolling Patients for Phase 3 Clinical Trial of Ménière’s Disease Treatment

San Diego-based Otonomy Inc., a company that makes treatments for the middle and inner ear, is enrolling the first patients in a Phase 3 clinical trial of OTO-104 for Ménière’s disease, an inner ear disorder characterized by severe dizziness, vertigo, and gradual hearing loss.

Travel Magazine Names San Diego/Tijuana Among Top 20 Travel Locales

National Geographic Traveler magazine has named the San Diego/Tijuana binational region among the world’s top 20 travel destinations for 2016, the San Diego Tourism Authority announced.

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Business Calendar for Week of November 23, 2015

Some of the upcoming business events planned in the county for the end of the year.

Holiday Bowl Is Still Looking for Sponsor

The Holiday Bowl is still on the hunt for a named sponsor with less than six weeks to go before the Dec. 30 kickoff.

West Health Institute to Donate Autism Research Technology

San Diego’s Gary and Mary West Health Institute will donate its technical and clinical assets of its autism research program to Northeastern University’s Bouvé College of Health Sciences in order to develop more effective interventions for the disorder.

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Thursday, November 19

Amazon Extends One-Hour Delivery Service to S.D. Market; Google Expands Next-Day Service

Seattle-based Amazon Inc. has expanded its one-hour delivery service to the San Diego market, offering one-hour delivery of grocery items to customers of its Prime services.

Memjet Technology Wins Injunction Against German Subsidiary of HP, Inc.

A German court granted San Diego-based Memjet Technology Ltd. a preliminary injunction against HP Deutschland GmbH, a German subsidiary of HP, Inc., according to a news release from Memjet.

Changing Tuna Industry for Ocean and Fishermen

The canned tuna industry must do better for workers and our oceans. The United States is the largest canned tuna market in the world, yet tuna on store shelves may be caught by workers who are abused at sea. Testimonials from tuna fishermen described incidents of inadequate or nonexistent pay, beatings with weapons, food and sleep deprivation, and even murder at sea.

HUYA Bioscience Gives Even More to Fight Against Cancer

HUYA Bioscience International recently celebrated the 10th anniversary of the company’s founding at the US Grant hotel in San Diego. The event included live entertainment and video greetings from colleagues and key opinion leaders in Japan and China. As part of HUYA’s mission to develop new treatments for cancer, the company announced that it has donated $20,000 to Breast Cancer Angels, a nonprofit providing financial and emotional assistance to breast cancer patients and their families. The organization accepted the donation and shared its experiences with the guests.

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South Korean Officials Investigating Qualcomm

TECH: Co. Calls Action a ‘Serious Misapplication of Law’

Qualcomm Inc. said that South Korean authorities are investigating the company. The news, announced late Nov. 17, sent Qualcomm (Nasdaq: QCOM) shares down by 9 percent by the middle of the trading day Nov. 18.

Salk Institute Names Elizabeth Blackburn as Its President

BIOTECH: Nobel Laureate Served as a Nonresident Fellow at Salk

The Salk Institute for Biological Studies has named Nobel Prize-winning scientist Elizabeth Blackburn as president.

Mutual Benefit

FINANCE: Zebit’s Payroll Lending System Gives Employees a New Work Perk And Retailers a Piece of the Profits on Purchases

When San Diego-based lender Global Analytics bought a Philadelphia startup last year, it billed the acquisition as the perfect jumping off point to introduce its product to U.S. borrowers.

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Downtown Must Prepare for Growing Millennial Population

WORKFORCE: Offices Need to Reflect Changing Work-Life Balance

Downtown property owners may need to step up efforts to provide creative office space and other work-life amenities favored by the fast-growing and increasingly influential group known as millennials, based on recent demographic findings by the Downtown San Diego Partnership and University of California, San Diego. Partnership President and CEO Kris Michell said the nonprofit business advocacy group commissioned a study to determine how the 18-to-34 demographic will influence what has already been projected as an overall doubling of downtown’s current residential population by the year 2050, when it is expected to reach nearly 61,611.

Chairmen’s RoundTable Has Sage Advice for Strategic Challenges

CONSULTING:Mostly Retired CEOs Mentor Qualified Local Companies

The Chairmen’s RoundTable, a team of 45 seasoned business executives, is a free advisory group that routinely comes to the aid of small- and medium-sized businesses that are facing strategic growth challenges.

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Sharp Selects Design-Build Team for Hospital Expansion

Sharp Chula Vista Medical Center is building a $239 million hospital to keep up with demand in South County.

Valley View Casino Center Ups Its Game With New Amenities

ENTERTAINMENT: Venue Aims to Deliver Fans A ‘Staples Center Experience’

The Valley View Casino Center, older than the aging Qualcomm Stadium, was due for a facelift. Besides the name change from the San Diego Sports Arena and the installation of LCD screens at the entrances, the exterior hasn’t changed much since the venue opened in 1966.

Through Current Customers, Englue Inc. Finds Future Prospects

SOFTWARE: B2B Leads Generated and Prioritized for Clients

“Pandora for marketers.” That is how the people at Englue Inc. bill their business-to-business offering.

Fragmob and Utah-Based Deductr to Partner

San Diego-based Fragmob has teamed up with Utah-based Deductr, the two companies said Nov. 18.

Supporters of Hotel Tax Hike Launching Signature Drive

Supporters of a ballot initiative seeking to raise the city of San Diego’s hotel tax, to fund potential projects including a convention center expansion, said they plan to begin collecting signatures on Nov. 20.

AmpliPhi Biosciences to Conduct Clinical Trial With University of Adelaide

AmpliPhi Biosciences announced that it has signed a clinical trial agreement with the University of Adelaide to conduct a Phase 1 trial of bacteriophage therapy.

San Diego County Credit Union Membership Up 10 Percent

San Diego County Credit Union’s membership grew to 300,000 customers by the end of September, a 10 percent increase from the year before, the credit union said in its third quarter earnings report.

Manchester Grand Hyatt Names New GM

Matt Adams has been appointed area vice president and general manager of downtown’s Manchester Grand Hyatt San Diego, property owner Host Hotels & Resorts announced.

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Users Conserve Water But Will Still Get Soaked

While the term “PR disaster” often is applied to scandals or crisis situations, the most interesting public relations cases are the slowest-moving ones. Sometimes, they play out like the cruise ship heading for the iceberg — there seems like plenty of time to make course corrections, and sometimes a desperate move avoids disaster, but sometimes the obstacles below the surface are too vast to avoid or the captain isn’t up to the challenge of avoiding a collision. But enough about the Chargers.

Carlsbad Puts Lagoon Project on Feb. Ballot

DEVELOPMENT: Decision Calls for Special Election

The Carlsbad City Council has voted to place a controversial retail and open-space development planned near the Agua Hedionda Lagoon on the ballot for a special election scheduled for Feb. 23, 2016.

Instrumental Role in ‘Rock Band’ May Pay

TECH: Mad Catz’s Peripherals Well Positioned to Be a Hit

Mad Catz Interactive Inc. has circled December on its calendar. The San Diego business hopes people celebrating Christmas or Hanukkah might want to add “Rock Band 4” to their holiday festivities.

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Track Team

REGULATIONS: 3E Co. Documents Compliance and Supply Chains for Firms

So what’s in your supply chain? Regulators want to know. More and more, the retail public wants to know. 3E Co. sees opportunity in that hunger for information. Since 1988, Carlsbad-based 3E has helped other companies comply with hazardous material laws and documentation chores. But as it winds up its fifth year under a new corporate parent — and its second year under CEO Uday Virkud — it’s exploring new avenues for revenue.

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Insurers Adapt to Sharing Economy

SERVICE: Policyholders, Cos. Find It’s Complicated

The companies emerging out of the sharing economy offer ways for users to make money using previously untapped resources, such as renting out an unused apartment for the weekend through Airbnb or inviting others over for a restaurant-quality meal with Feastly.

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Ballast’s $1B Sale Marks Sea Change

BREWING: Deal Could Leave Transformed Scene in Its Wake

Industry observers say the $1 billion tab that Constellation Brands Inc. plans to pay for San Diego’s Ballast Point Brewing & Spirits marks a significant milestone for the region’s burgeoning and maturing craft beer industry.

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Union-Tribune Moving to Downtown San Diego in 2016

The San Diego Union-Tribune will be relocating from its longtime Mission Valley home to a downtown office high-rise at 600 B St., with a move-in expected in May 2016, tower owner Lincoln Property Co. announced.

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Cristiano Amon Promoted to EVP at Qualcomm

Qualcomm Inc. said Nov. 19 that it named Cristiano Amon executive vice president for Qualcomm Technologies Inc. and president of its Qualcomm CDMA Technologies segment. He previously served as co-president of the segment, with Murthy Renduchintala.

Wednesday, November 18

Halozyme Therapeutics to Open Satellite Office in San Francisco

Halozyme Therapeutics, a biotechnology company developing novel oncology and drug-delivery therapies, announced it will expand and open a satellite office in San Francisco.

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Grocer Aldi to Open First Local Store in Vista

Discount grocer Aldi Inc. announced that its first San Diego County store is planned for 1750 University Ave. in Vista, though the retailer did not disclose an opening timetable.

Intuit Buying Carmel Valley Office Campus for $262.3 Million

Intuit Inc., maker of popular financial software including TurboTax, Quicken and QuickBooks, is purchasing the four-building Carmel Valley office campus that it currently leases for $262.3 million, according to CoStar Group.

AMN Healthcare Acquires Kansas-Based Staffing Firm for $160 Milllion

AMN Healthcare Services Inc. announced that it will acquire global health care staffing firm Lenexa, Kan.-based B.E. Smith for $160 million in cash.

Sabra Matovsky Tapped to Lead New Primary Care Network

The Council of Community Clinics announced the formation of a new primary care network called Integrated Health Partners, and the appointment of senior health care executive Sabra Matovsky to lead the new venture.

Carlsbad Putting Lagoon Project on Feb. Election Ballot

The Carlsbad City Council has voted to place a controversial retail and open-space development planned near the Agua Hedionda Lagoon on the ballot for a special election scheduled for Feb. 23, 2016.

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Nobel Laureate Elizabeth Blackburn Named Salk Institute President

The Salk Institute for Biological Studies has named Nobel Prize-winning scientist Elizabeth Blackburn as president.

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South Korea Authorities Investigating Qualcomm Inc.

Qualcomm Inc. said that South Korean authorities are investigating the company.

Tuesday, November 17

Via-Sat, Jet Aviation to Collaborate

ViaSat Inc. and Jet Aviation St. Louis announced plans to collaborate on a hybrid radome that will accommodate both Ku-band and Ka-band satellite communications.

Port Commissioners Choose Brigantine Plan to Redevelop Anthony’s Site

San Diego port commissioners have approved a staff recommendation favoring Brigantine Inc.’s proposal to redevelop the current downtown waterfront site of the iconic Anthony’s Fish Grotto.

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Novatel Wireless Raises Revolving Line of Credit to $48 Million

Novatel Wireless Inc. said Nov. 17 that its bank raised the amount of its revolving line of credit to $48 million.

U.S. Supreme Court Decision Upholds KFx Medical Corp. Patent Infringement Award

The U.S. Supreme Court on Monday denied a petition by Arthrex, a Florida-based orthopedic medical device company, to review a case where damages for patent infringement were awarded to San Diego-based KFx Medical Corp.

ID Analytics Names Eric Lindeen VP of Marketing

ID Analytics, a consumer risk management firm, announced the appointment of Eric Lindeen as the vice president of marketing, reporting directly to the CEO Scott Carter.

Business Confidence Lowest Since 2013, Chamber Survey Finds

The San Diego Regional Chamber of Commerce’s measure of business confidence fell to its lowest point since the survey began in 2013, following three months of year-long lows as businesses reported low expectations for future revenue growth.

General Atomics, Biotech Firms Sign New Leases

Property owners and brokers recently announced significant lease deals in Poway and Carlsbad, including General Atomics Aeronautical Systems Inc.’s move to take 112,000 square feet in a Poway transaction valued at $4.2 million.

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Viking Therapeutics Files IND Application

Viking Therapeutics, a biopharmaceutical firm, announced Tuesday that it has filed an Investigational New Drug (IND) application with the U.S. Food and Drug Administration for a product candidate meant to treat high cholesterol and fatty liver disease.

Luxury InterContinental Hotel Planned for Former Lane Field Site

A 400-room luxury InterContinental Hotel is planned for the southeast portion of the former Lane Field ballpark site in downtown San Diego, where construction is well underway to the north on a dual-branded Marriott hotel.

Monday, November 16

Illumina Inc. to Get Spot on Standard & Poor's 500 Stock Index

Illumina Inc. will get a place on the Standard & Poor’s 500 stock index after the close of trading on Wednesday, Nov. 18.

Miramar Federal Credit Union Granted SBA Lender Status

The Small Business Administration has granted Miramar Federal Credit Union SBA lender status, the credit union said Monday, allowing it to participate in SBA-backed loans.

MaxLinear Shares Trading at Best Level in Five Years

Shares in Carlsbad chipmaker MaxLinear Inc. were trading in early November at levels not seen in more than five years.

Ambrx Names Chief Medical Officer

La Jolla-based Ambrx announced the appointment of Dr. Yong-Jiang Hei as chief medical officer, reporting directly to CEO Tiecheng "Alex" Qiao.

Sharp Chula Vista Announces Plans to Build $239 Million Hospital

Sharp Chula Vista Medical Center announced plans Monday to build a $239 million hospital called Ocean View Tower in South County.

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Court Approves Gelson’s, Smart & Final Purchases of Haggen Stores

The U.S. Bankruptcy Court has approved separate agreements by Gelson’s Markets to acquire eight California stores being vacated by Haggen Inc. for $36 million; and by Smart & Final to buy 28 stores in the state for $56 million. The transactions involve 13 stores in San Diego County.

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Retired Army Gen. Stanley McChrystal to Speak at USD

Stanley McChrystal, the retired U.S. Army general, will speak about organizational leadership and his new book at 7:30 a.m. Friday, Nov. 20 at the University of San Diego. He is co-author of “Team of Teams: New Rules of Engagement for a Complex World.”

ResMed Acquires Maribo Medico

Medical device maker ResMed Inc. announced Monday that it has acquired Maribo Medico, a Denmark-based company specializing in sleep-disordered breathing medical devices.

Constellation Brands Buying Ballast Point Brewing for $1 Billion

San Diego-based Ballast Point Brewing & Spirits, the local region’s second-largest craft beer maker, is set to be acquired by Constellation Brands for approximately $1 billion, the companies announced Nov. 16.

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Sunday, November 15

Port Staff Recommends Brigantine Plan to Redevelop Anthony’s Site

San Diego port commissioners are slated on Nov. 17 to consider a staff recommendation favoring Brigantine Inc.’s proposal to redevelop the current downtown waterfront site of the iconic Anthony’s Fish Grotto.

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Developer Secures Equity Funding for $48 Million Little Italy Project

Locally based CityMark Development has obtained equity funding for a $48 million mixed-use apartment project previously announced for Little Italy, called Kettner Lofts, according to Fident Capital, which secured the financing.

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BDO USA Acquiring Carlsbad-based CEA LLP

National accounting and consulting firm BDO USA LLP will acquire Carlsbad-based CEA LLP next month, expanding BDO’s staff to about 90 and making it the fifth-largest accounting firm in the county, the companies announced.

National Institute on Aging Awards NeuroGenetic Pharmaceuticals $2.5M Grant

The National Institute on Aging awarded local NeuroGenetic Pharmaceuticals, Inc. a biopharmaceutical company focused on Alzheimer’s disease therapeutics, $2.5 million grant for its first human clinical trials on a molecule that could treat and prevent Alzheimer’s disease.

Scripps Institution of Oceanography Gets $700K for Earthquake Warning System

Scripps Institution of Oceanography at University of California, San Diego received a gift of $700,000 from Seismic Warning Systems Inc., a private company that provides seismic detection and earthquake warning systems and services, in order to continue operating a key Southern California earthquake monitoring network.

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The Business Calendar for the Week of November 16, 2015

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

Epic Sciences Partnering With Abramson Cancer Center on Personalized Cancer Treatments

Epic Sciences Inc., a diagnostic company focused on the analysis of circulating tumor cells in the blood, announced that it’s collaborating with the Abramson Cancer Center of the University of Pennsylvania on multiple studies to help improve personalized therapies for cancer treatment.

Software San Diego Changes Name to Tech San Diego, Plans 'Broader' Mission

Software San Diego has changed its name to Tech San Diego.

Pfenex Inc. Reports Q3 Results

Pfenex Inc., a clinical-stage biotechnology company developing biosimilar therapeutics, reported third quarter financial earnings.

Cox Communications Enhances Connect2Compete Program

Cox Communications announced is furthering its efforts to connect youth with technology by doubling the download speed of the company’s discounted Internet service available to low-income families with school-aged children through the Connect2Compete program.

Friday, November 13

The Port Staff Recommends Brigantine Plan to Redevelop Anthony’s Site

San Diego port commissioners are slated on Nov. 17 to consider a staff recommendation favoring Brigantine Inc.’s proposal to redevelop the current downtown waterfront site of the iconic Anthony’s Fish Grotto.

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Epic Sciences Partnering With Abramson Cancer Center on Cancer Treatment

Epic Sciences Inc., a diagnostic company focused on the analysis of circulating tumor cells in the blood, announced that it’s collaborating with the Abramson Cancer Center of the University of Pennsylvania on multiple studies to help improve personalized therapies for cancer treatment.

Institute on Aging Awards NeuroGenetic Pharmaceuticals $2.5M Grant

The National Institute on Aging awarded NeuroGenetic Pharmaceuticals Inc. a biopharmaceutical company focused on Alzheimer’s disease therapeutics, $2.5 million grant for its first human clinical trials on a molecule that could treat and prevent Alzheimer’s disease.

Scripps Gets $700K for Earthquake Detection and Warning System

Scripps Institution of Oceanography at University of California, San Diego received a gift of $700,000 from Seismic Warning Systems Inc., a private company that provides seismic detection and earthquake warning systems and services, in order to continue operating a key Southern California earthquake monitoring network.

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Business Calendar for Week of November 16, 2015

Some of the business events scheduled in the county for the week of November 16, 2015, and beyond.

BDO USA Is Acquiring Carlsbad-based CEA LLP

National accounting and consulting firm BDO USA LLP will acquire Carlsbad-based CEA LLP next month, expanding BDO’s staff to about 90 and making it the fifth-largest accounting firm in the county, the companies announced.

Cox Communications Enhances Its Connect2Compete Program

Cox Communications announced is furthering its efforts to connect youth with technology by doubling the download speed of the company’s discounted Internet service available to low-income families with school-aged children through the Connect2Compete program.

Thursday, November 12

Ron Araujo Tapped to Lead Mission Federal's Service Organization

Ron Araujo, the chief financial officer for Mission Federal Credit Union, will soon step down to become president of Mission Fed’s service organization.

Rouse Confirms Purchase of Westfield Carlsbad Mall for $170 Million

New York-based Rouse Properties Inc. announced that it has completed the acquisition of Westfield Carlsbad mall for $170 million, confirming a prior Westfield Inc. notification to the city that the property will change hands.

It’s Time to Put an End to Private Prisons

On Oct. 30, Hillary Clinton, the presumptive Democratic candidate for president, tweeted: “We need to end private prisons. Protecting public safety...should never be outsourced or left to unaccountable corporations.” While Clinton’s call to end mass incarceration, including prison time for minor drug offenses which disproportionately affects African-Americans, was clearly a political move to shore up her support among minority voters, her campaign promise was right on point.

Foundation Celebrates Four Decades of Doing Many Good Deeds

The San Diego Foundation celebrated 40 years of philanthropic leadership in the San Diego region at “A Walk in the Park” — a 40th anniversary event held recently at Balboa Park in honor of the park’s centennial. The foundation hosted more than 700 donors, partners and community leaders at the event, which included tours of Balboa Park cultural attractions and culminated with a celebration for invited guests at the San Diego Natural History Museum.

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Best of the Bar Lets You Put Spotlight on Deserving Colleagues

You know some really terrific attorneys. You should nominate at least one of them for the third annual San Diego Business Journal’s Best of the Bar. This annual recognition of local legal talent is a showcase for San Diego’s top attorneys, who are nominated and vetted by their peers. It is a great resource for San Diegans who need legal services, and a resume booster for anyone nominated. It will only take you a few minutes to nominate at the Business Journal website.

BDO USA Is Acquiring Carlsbad-based CEA LLP

FINANCE: BDO Says Acquisition Will Expand Its Specializations in S.D.

National accounting and consulting firm BDO USA LLP will acquire Carlsbad-based CEA LLP next month, expanding BDO’s staff to about 90 and making it the fifth-largest accounting firm in the county, the companies announced.

Purchase Clouds Plans for ‘Lifestyle Center’ at Carlsbad Mall

As of press time, Westfield Inc. was mum on details of a pending sale of its Westfield Carlsbad to Rouse Properties, and what the deal will mean to what would have been a $300 million overhaul of the 46-year-old mall, formerly known as Westfield Plaza Camino Real. Rouse also wasn’t talking, and it wasn’t clear when the deal was first hatched or why Westfield was selling (and whether it will be a full or partial sale of Westfield’s interests).

Ingenu’s Network to Make Connections for IofT

Two metro areas in Sun Belt states — Phoenix and Dallas-Fort Worth — are the starting points for a new machine-to-machine telecom network woven together by Ingenu.

Employers, Schools Still Missing Mark in Workforce Training

ECONOMY: Despite Need For Coordination, It’s Often Not a Priority

San Diego employers, schools and job training programs need to step up their collective efforts to better prepare the local workforce for careers in the region’s top sectors, including manufacturing, life sciences, technology, health care and clean energy, according to a recent report from San Diego Workforce Partnership (SDWP).

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San Diego Drops to Fourth in Clean Technology Rankings

GREEN: Region Does Have 825 Local Clean-Tech Companies

San Diego’s national ranking in clean technology slipped a notch this year. The latest survey ranks San Diego fourth among the nation’s 50 largest cities, down from third last year.

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Photo Opportunity Is Transformed Into a Business Opportunity

MARKETING: Photo Booths Sharpen Firms’ Social Media Focus

Faced with increasing competition, San Diego County photo booth companies are finding new customers in corporations looking to expand their brands and their social media presence.

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Will Housing Shortage Send S.D.’s Middle Class Packing?

ECONOMY: Study Sees Unaffordability of Market Reaching Unsustainable Level

San Diego County’s housing market, one of the least affordable in the country, is in danger of falling even further behind, a San Diego Regional Chamber of Commerce-backed study said last week, with housing shortfalls potentially leading to economic stagnation.

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Local Firm Wins Landscape Architecture Organization’s Highest Award

The Office of James Burnett (OJB), a Solana Beach-headquartered landscape architecture firm, recently received the 2015 ASLA Firm Award, the highest annual honor bestowed on a single firm by the American Society of Landscape Architects, a nationwide professional organization.

Port District Seeks Restaurant Proposals for Imperial Beach Pier

San Diego port district officials have issued a request for proposals to develop a restaurant at the end of the Imperial Beach Pier, in the spot currently occupied by Tin Fish.

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Surprise Guest at Panel Discussion on Drones Turns Out to be Linden Blue

Military and industry leaders offered their thoughts on the future of unmanned aircraft and robotics during a panel discussion Nov. 11.

Co. Blazing New Trail By Linking Biology Directly With Electronics

BIOTECH: Molecular Monitoring to Be Used In Diagnostics, Research

A San Diego startup is using a finicky “miracle material” that can link biology directly with electronics. The technology could mean faster, cheaper and more accurate tests in patient care and a valuable tool for medical research.

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SeaWorld, Evans Hotels May Partner on Resort

TOURISM: Park’s Conservation Efforts To Take Center Stage

The parent of SeaWorld San Diego has announced a partnership with locally based Evans Hotels Group to “explore development” of a resort hotel on SeaWorld’s leased land at Mission Bay.

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Carlsbad Office Building Sells for $3.85 Million

Blue Hat LLC of Carlsbad has purchased the Atrium I Corporate Center office building in that city for $3.85 million, according to brokerage company Colliers International.

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Executive Pay At Tri-City May Be on the Ballot

The ongoing contract impasse between Tri-City Medical Center and the SEIU-United Healthcare Workers West could lead to a first for San Diego County: A ballot initiative on executive pay.

Small Investors Given Big Opening By Rule

INVEST: Crowdfunding Risks Extend to the Businesses, too

Kickstarter and other crowdfunding sites gave businesses a new option for raising capital: Pitch a product or business plan, offer rewards based on donation tiers and potentially net millions of dollars. But while T-shirts and early access to products were go-to rewards, the one thing out of bounds was an ownership stake in the companies.

Work Styles Shape Office Workspaces

DESIGN: Cos. Incorporate Greater Variety of Settings

Today’s workplaces are rarely as humdrum as the Dunder Mifflin office, home to the fictional paper company on the TV sitcom “The Office.” The truth is, fewer companies are opting for square offices, rows of cubicles, and formal boardrooms. The modern office is being redefined.

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Rubio’s Will Test The Waters in Florida

DINING: Acquiring 8 Locations May Ease Challenges of Expansion

Carlsbad-based Rubio’s Restaurants Inc. will soon open the first East Coast locations in its 32-year history, with the company set to acquire and rebrand eight Florida locations of Lime Fresh Mexican Grill, currently owned by Ruby Tuesday Inc.

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The Holiday Retail Forecasts Are Sunny

RETAIL: Stores Get Gift of 2 More Shopping Days

Barring unforeseen jolts to the national economy or consumer psyches, industry experts are predicting a strong 2015 holiday season for U.S. retailers and the shopping centers that house them.

Changing The Roles

LEADERSHIP: Millennial Women Blend Work, Ideals And Passion Into Careers

Sitting in the corner of a chocolate shop in Encinitas, four millennial women crowd around a small table. They are schooling me on everything from Maslow’s Hierarchy to the prevailing gender bias in corporate America. They interrupt each other often (and enthusiastically) as cups of hot chocolate teeter in their gesturing hands.

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Faheem Hasnain No Longer CEO of Receptos Inc.

Faheem Hasnain, a well-respected biotech executive in San Diego, has left his post as chief executive officer of Receptos Inc.

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Neothetics Inc. Reports Q3 Net Loss of $17.3 Million

Neothetics Inc., a maker of cosmetic pharmaceutical therapies, reported earnings for the third quarter of 2015.

Wednesday, November 11

Cal Western's Community Law Project Awarded $5,000 Grant

The California Western School of Law’s efforts to provide free legal advice to low-income clients have been awarded a $5,000 grant from the American College of Bankruptcy.

Amplyx Pharmaceuticals Announces $40.5 Million in Series B Financing

San Diego-based Amplyx Pharmaceuticals announced Wednesday that the company has closed on a $40.5 million Series B financing.

Apartment Properties Sold in San Diego, Fallbrook

Apartment properties recently changed hands in San Diego and Fallbrook, including a 31-unit building in downtown San Diego purchased for approximately $5.07 million by Los Angeles-based 942 Beech Street Partners LP.

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DJO Global Announces Plans to Exit Empi Business

DJO Global Inc., a medical device company in Vista, announced its third-quarter financial results and its plan to exit the Empi business.

Eight Companies Submit Bids for Local Haggen Stores

Eight companies have submitted bids for 24 of the 25 San Diego County locations being shut down by Haggen Inc., according to filings in the grocer’s bankruptcy case.

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BioDuro, LLC Announces Merger With Formex, LLC

BioDuro, LLC, a life sciences research organization, has merged its U.S. operations with Formex, LLC, a drug development and manufacturing company. Both are headquartered in San Diego.

Report Says 9,000 Companies Left California Over Last 7 Years

A study by Spectrum Location Solutions found that within the last seven years, 9,000 businesses left California in favor of other locations. San Diego rated No. 5 for the most losses; Los Angeles topped the list.

Local Firm Buys Chula Vista Autoplex for $5.9 Million

San Diego-based THG Equities LLC has purchased the five-building Autoplex in Chula Vista for $5.9 million, with plans to rename it South County Autoplex, the company announced.

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Tuesday, November 10

Four Local Firms Among 10 Companies to Share $30 Million Navy Contract

Four local companies — Clint Precision Manufacturing, Dye Precision CNC Inc. and WFW Industries LLC, all of San Diego, and Eastwood Machine LLC of Santee — are among 10 Southern California companies selected by the U.S. Navy to make custom fabricated parts using a variety of manufacturing techniques.

Navy Awards $7.1 Million Contract to Coffman Specialties Inc.

The U.S. Navy awarded two contract options worth $7.1 million to San Diego-based Coffman Specialties Inc. for runway repairs at Naval Air Facility El Centro. The work, announced Nov. 9, brings Coffman’s work on the runway project to $18.6 million.

Stock Rises on News of Sophiris Bio Inc.'s Study Results

La Jolla-based Sophiris Bio Inc. announced Tuesday that its sole drug in development met the main goal of a late-stage study. The results have revived hopes for market approval nearly a year after the company's interim analysis suggested the treatment would fail the study.

Realty Income Buys Washington LA Fitness for $12.18 Million

San Diego-based Realty Income Corp. has purchased an LA Fitness location in Washington state for approximately $12.18 million, according to real estate services provider Marcus & Millichap.

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Meet and Greet the Top 'Women Who Mean Business'

Tickets are now on sale for the San Diego Business Journal’s 2015 Women Who Mean Business Awards, which recognizes the top women business leaders who have made significant contributions to San Diego’s economy, culture and social network.

Silvergate Bank Reports Q3 Net Income of $2.3 Million

La Jolla-based Silvergate Bank on Tuesday said its third-quarter net income more than doubled from the year before, rising 133 percent to $2.3 million.

Wealth Management Firm Hokanson Associates to Merge With Aspiriant

San Diego wealth management firm Hokanson Associates is merging with Los Angeles-based Aspiriant, the companies said Tuesday, in a deal expected to be completed by the end of December.

SeaWorld Explores Mission Bay Resort with Evans Hotels

The parent of SeaWorld San Diego has announced a partnership with locally based Evans Hotels Group to “explore development” of a resort hotel on SeaWorld’s leased land at Mission Bay.

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Vista Industrial Building Sold for $2.6 Million

El Cajon-based D.A. Whitacre Family Trust has acquired a Vista industrial building for $2.6 million, according to brokerage company Lee & Associates.

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Monday, November 9

ViaSat Reports Q2 Net Income of $4.9 Million

ViaSat Inc., the Carlsbad satellite technology firm and broadband service provider, reported net income of $4.9 million in the second quarter ended Sept. 30, down almost 80 percent from net income of $23.9 million in the same quarter last year. Total revenue for the recent quarter was $353.3 million, off 1.5 percent from $358.8 million in the same quarter last year.

Hat Company Buys Carlsbad Building for $6.68 Million

San Diego Hat Co. has purchased a Carlsbad industrial property for approximately $6.68 million, with plans to use the facility as its corporate headquarters, according to brokerage company Lee & Associates.

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GA-ASI Opens Office in Abu Dhabi

Poway-based General Atomics Aeronautical Systems Inc. opened an office in Abu Dhabi, in the United Arab Emirates, to serve the Middle East and North Africa region.

Local Study Reveals Two-Thirds of Nurses Over 54 Considering Retirement

Nearly two-thirds of registered nurses over 54 are now considering retirement, according to AMN Healthcare and its Center for the Advancement of Healthcare Professionals.

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Home Sales Dip in October, Prices Remain Strong

San Diego single-family homes sales dropped for the second month in a row in October, falling 9 percent to 1,777 recorded sales compared to the previous October, the Greater San Diego Association of Realtors said Monday.

Isis Pharmaceuticals Reports Q3 Financial Results

Isis Pharmaceuticals Inc. announced financial results for the third quarter of this fiscal year.

HUYA Bioscience, TechCode Gu'an Park to Collaborate

San Diego’s HUYA Bioscience International announced Monday a strategic collaboration with TechCode Gu'an Life Sciences Park near Beijing.

San Diego Ranked Sixth-Best City for Veterans

San Diego is the sixth-best city in the country for veterans, financial literacy website WalletHub said Monday.

SeaWorld San Diego to Phase Out Shamu Whale Show

SeaWorld Entertainment Inc. has announced plans to phase out its signature “Shamu” killer whale performance show at SeaWorld San Diego.

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UTC Campus Owner Gets $96.4 Million in Financing for Renovation

Owners of the Genesis at Campus Point office property in University Town Center have obtained $96.4 million in financing for a planned renovation of the four-building complex, according to real estate services provider HFF, which arranged the financing.

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Sunday, November 8

Lockheed, Boeing File Protest Over Selection of Northrop for New Bomber Contract

A very large defense contract which could easily involve San Diego subcontractors is in now question.

Rubio’s Buying 8 Lime Fresh Mexican Grill Restaurants for $6.3 Million

Carlsbad-based Rubio’s Restaurants Inc. is acquiring eight leased Florida locations of Lime Fresh Mexican Grill for approximately $6.3 million, according to a statement from the restaurants’ current owner, Ruby Tuesday Inc.

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Paradigm System Solutions Acquires Bitcoin Shopping Ecosystem, Moves to Carlsbad

Paradigm System Solutions Inc., a publicly-traded technology holding company, said it had moved from Scottsdale, Arizona, to Carlsbad following the acquisition of a Bitcoin online shopping ecosystem.

Kratos Reports Q3 Results

Kratos Defense & Security Solutions Inc. reported net income of $55.1 million on revenue of $161.7 million in its third quarter.

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The Business Calendar for the Week of November 9, 2015

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

SeaWorld Entertainment Inc. Sees Rise in Q3 Revenue, Net Income

The Florida-headquartered parent of SeaWorld San Diego reported slight increases from a year ago in third-quarter revenue and net income, though attendance dipped as the company continued to invest in marketing efforts and legal challenges related to its handling of killer whales.

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Mirati Therapeutics Inc. Announces Q3 Results

San Diego-based Mirati Therapeutics Inc., a company developing medicines for targeted oncology, announced its third quarter financial results Nov. 6.

Wildfire Life 'Pauses' Operations, Intends to Sell Assets

Wildfire Life Inc. (formerly Fitn Inc.), a fitness membership company in Cardiff, announced through social media that it has paused all business operations as of November 3 and intends to sell off the company’s assets as soon as possible.

PriceSmart Inc. Announces October Sales, New Warehouse Club Opening

San Diego-based PriceSmart Inc. announced October sales and the opening of a new warehouse club.

WorkWell Prevention and Care names George Vieth CEO

San Diego-based WorkWell Prevention and Care, a soft tissue injury prevention, physical therapy treatment and diagnostic imaging service provider, has named George Vieth its new CEO.

Friday, November 6

Boeing, Lockheed File Protest Over Selection of Northrop for New Bomber Contract

A very large defense contract which could easily involve San Diego subcontractors is in now question.

Business Calendar for Week of November 9, 2015

Some of the business events scheduled in the county for the week of November 9, 2015, and beyond.

Wildfire Life Inc. 'Pauses' Operations, Intends to Sell Company's Assets

Wildfire Life Inc. (formerly Fitn Inc.), a fitness membership company in Cardiff, announced through social media that it has paused all business operations as of November 3 and intends to sell off the company’s assets as soon as possible.

Kratos Defense & Security Solutions Reports Q3 Results

Kratos Defense & Security Solutions Inc. reported net income of $55.1 million on revenue of $161.7 million in its third quarter.

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Rubio’s Restaurants Inc. Buying 8 Lime Fresh Mexican Grill Restaurants for $6.3M

Carlsbad-based Rubio’s Restaurants Inc. is acquiring eight leased Florida locations of Lime Fresh Mexican Grill for approximately $6.3 million, according to a statement from the restaurants’ current owner, Ruby Tuesday Inc.

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Mirati Therapeutics Reports Third Quarter Results

San Diego-based Mirati Therapeutics Inc., a company developing medicines for targeted oncology, announced its third quarter financial results Nov. 6.

SeaWorld Parent Sees Rise in 3rd-Quarter Revenue, Net Income

The Florida-headquartered parent of SeaWorld San Diego reported slight increases from a year ago in third-quarter revenue and net income, though attendance dipped as the company continued to invest in marketing efforts and legal challenges related to its handling of killer whales.

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PriceSmart Announces October Sales, New Club Opening

San Diego-based PriceSmart Inc. announces October sales and the opening of a new warehouse club.

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Thursday, November 5

Encore Capital Group Says Q3 Revenues Up 5 Percent

Encore Capital Group, the largest buyer of defaulted credit card debt, said third-quarter revenues were up 5 percent to $288 million, but the company recorded a net loss of $11 million stemming from its $52 million settlement in September with federal regulators for allegedly deceptive tactics.

Clinical Trial Validates Banyan Biomarkers' Test to Detect Traumatic Brain Injury

Diagnostic firm Banyan Biomarkers reported successful clinical trial results for its test to identify traumatic brain injury (TBI). The use of Banyan’s technology could reduce the use of computed tomography (CT) scans, the San Diego-based company said.

Pizza Restaurant Company Names Tremblay as New CEO

Flippin’ Pizza has appointed restaurant industry veteran Peter Tremblay as its new CEO, the San Diego-based operator of fast-casual pizza restaurants announced.

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Mushroom Grower Expands with $8.16 Million Carlsbad Lease

M2 Ingredients, a grower and processor of organic mushrooms used in nutritional supplements and other products, plans to expand by more than 64,000 square feet in Carlsbad after signing an $8.16 million industrial lease, according to brokerage company Lee & Associates.

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Biological Dynamics Inc. Completes $26.8 Million Financing Round

Biological Dynamics Inc., a molecular diagnostics company, announced that it has completed a $26.8 million round of financing.

ResMed Signs Exclusive Agreement with CareFusion

CareFusion, a Becton Dickinson (BD) company, announced Thursday its AirLife business line has signed an exclusive agreement with San Diego medical device maker ResMed to distribute nasal high-flow interface products from the company.

Novatel Wireless Reports Q3 Net Loss of $20.8 Million

Novatel Wireless Inc. said Nov. 5 that it posted a net loss of $20.8 million on net revenues of $54.6 million in the third quarter of 2015.

Changing the Narrative on Veteran Employment

This Wednesday, on Veterans Day, we formally recognize our veteran community for their service. We honor their commitment, sacrifice and bravery in what we hope is a tradition of appreciation engrained in each of us. On behalf of the San Diego Regional Chamber of Commerce, I join in the chorus of gratitude, and ask that our business community collectively not only activate to hire more veterans but change the narrative around their employment.

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Rudeness Contagion: Office Jerk Is Costly to All

It may sound like a line from the next undiscovered Dr. Seuss book, but this is no joke. That jerk at work could be costing you more than just your sanity.

Foundation’s Grants Make a Positive Environmental Impact

Escondido Charitable Foundation, an affiliate of The San Diego Foundation, announced it awarded $167,860 to eight nonprofits that promote the natural resources and open spaces of Escondido.

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Companies, Individuals Bet on Incentives to Lose Weight

WELLNESS: Social Dieting Gains Traction And Some HR Critics

After weighing in at 222 pounds last year, Encinitas resident Simon Menkes realized he had to get thinner. He was beginning to suffer from health issues related to his obesity.

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The ACA Means Business

INSURANCE: The Arrival of the Employer Mandate Brings New Rules, Regulations and Questions to Cos.

The Affordable Care Act’s controversial Employer Mandate is finally here.

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Arcturus and Ultragenyx Partner on mRNA Therapeutics

Arcturus Therapeutics, a Johnson & Johnson Innovation upstart out of the incubator JLABS, has landed a lucrative collaboration with Novato-based Ultragenyx Pharmaceutical Inc.

IBoss Accepts Outside Funding for First Time, Takes in $35M

Iboss Cybersecurity raised $35 million in series A funding from Goldman Sachs Private Capital Investing, the company announced Nov. 3.

Deal Boots Sequestration Down the Road for a Few Years

That sound you might have heard was a collective sigh of relief. The program of deep budget cuts that military contractors feared — otherwise known as sequestration — won’t show its face until 2018 under a compromise struck by Washington lawmakers.

Online Outreach Puts Teams in Scoring Position for Fundraising

GIVING: Athletics Get Crowdfunding Assist From Teambank.org

A local company, Teambank.org, wants to eliminate some of the financial obstacles sports teams face by giving them a method to fund themselves online.

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Conatus Pharmaceuticals Releases Third-Quarter Earnings

Conatus Pharmaceuticals Inc., a biotechnology company focused on the development and commercialization of liver disease drugs, announced financial results Friday for the third quarter.

Town and Country Resort Names New Convention Center GM

Trese Moser has been named general manager of the convention center at Town and Country Resort & Convention Center in Mission Valley, which will soon embark on a previously announced $80 million renovation.

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Searching For a Creative Office Atmosphere

Observations from a recent panel discussion at Bosa Development’s Rethink Downtown exhibit: The topic was rethinking the way we work. Serena Bazzi, art director at tech company Zeeto, talked about how the company’s open office floor plan and numerous perks are designed to create a family feel. You name the perk, and Zeeto probably has it, from free meals to happy hours and even massages and haircuts in the office.

Sweeping TOT Proposal Met With Caution

TOURISM: Stakeholders Ponder Potential Impacts on Convention Center, Stadium

Cory Briggs has long been viewed by local government and business leaders as an obstructionist when it comes to anything development-related, especially in downtown San Diego.

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RA Capital Puts Deals Under the Microscope

M&A: Investment Bank Isn’t Content to Leave It to Lawyers

RA Capital Advisors partner Joel Reed thinks plenty of companies are leaving millions at the negotiation table when finalizing acquisitions. These buyers and sellers have lawyers there to work out last details, but they don’t have investment advisors in the room, he said.

Qualcomm Takes Hits, Says It Will Fight Back

TECH: Revenue, Net Income Down for Q4 and the Year

Call it a transition year. That’s a message CEO Steve Mollenkopf offered financial analysts about Qualcomm Inc.’s fiscal 2016, which is only several weeks old.

Promoting Veterans

ECONOMY: Nonprofits Help Service Members Find Their Fit in the Workforce

Employment prospects for post-9/11 veterans were grim just a few years ago. About 15 percent were out of work in early 2011, compared with roughly 9 percent of the general population.

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Wednesday, November 4

Lawmakers Say Pentagon Paid Chargers $453,500 to Promote Military

Two U.S. Senators on Wednesday accused the Army National Guard of paying professional sports teams, including the San Diego Chargers, for premium tickets, on-field color guard performances and other instances of “paid patriotism.”

Callaway Golf Co. to Pay Quarterly Dividend

Carlsbad-based Callaway Golf Co. said on Nov. 4 that it will pay out a quarterly dividend of 1 cent per share on its common stock. The dividend is payable on Dec. 15 to shareholders of record Nov. 24.

Qualcomm Reports Q4 Net Income of $1.1 Billion, Down 44 Percent From 2014

Qualcomm Inc., the wireless technology specialist and chip maker that is attempting to remake itself and boost shareholder value, reported net income of $1.1 billion on revenue of $5.5 billion during its fourth quarter.

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Westfield Plans to Sell Carlsbad Mall to Rouse Properties

Mall operator Westfield Inc. plans to transfer its Westfield Carlsbad mall to rival shopping center operator Rouse Properties LP, according to documents filed with the city of Carlsbad. Financial terms and other details of a full or partial sale of the property, formerly known as Westfield Plaza Camino Real, were not immediately available.

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Grocery Outlet Opens New Store in Santee

Discount food retailer Grocery Outlet has opened a new store in Santee, which is the 11th location in San Diego County for the Emeryville-based company.

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High-Ranking FDA official Joins Human Longevity Inc.

Human Longevity Inc. (HLI), a tech-driven molecular information company in San Diego, announced Wednesday the appointment of Sally Howard as head of regulatory affairs and policy.

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Charles Black Named to Lead $1 Billion Otay Mesa Airpark Development

Former San Diego Padres President Charles E. Black has been named to lead the development team overseeing construction of Metropolitan Airpark, a $1 billion, multi-phase commercial project planned at Brown Field Municipal Airport in Otay Mesa.

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Developers Begin Work on $90 Million East Village Project

Developers have started construction on IDEA1, a $90 million, mixed-use project in downtown San Diego’s East Village.

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Tuesday, November 3

Bartell Hotels Buys Harbor Island Hilton for $37.7 Million

San Diego-based Bartell Hotels has purchased the 211-room San Diego Airport Hilton Hotel on Harbor Island for $37.7 million, the company announced.

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PriceSmart Reports Q4 Revenue of $699.2 Million

PriceSmart, a San-Diego based shopping warehouse chain operating in Latin America and the Caribbean, reported revenue of $699.2 million in the fourth quarter of 2015, compared to $622.6 million in 2014.

Port Receives $10 Million Federal Grant to Upgrade Terminal

A $10 million federal grant will improve cargo operations through San Diego’s 10th Avenue Marine Terminal, the Port of San Diego said.

Cox Construction Awarded $11.8 Million Navy Contract

The U.S. Navy awarded Vista-based Cox Construction Co. an $11.8 million task order to make various repairs at Naval Base Point Loma over the course of two years.

iboss Cybersecurity Raises $35 Million in Series A Funding

iboss Cybersecurity raised $35 million in series A funding from Goldman Sachs Private Capital Investing, the company announced on Nov. 3. iboss plans to use the funds to expand globally and to develop new products.

Millennium Health Names 3 New Top Executives

Less than a month after Millennium Health agreed to pay $256 million to settle federal prosecutors’ allegations it caused doctors to order excessive urine tests for patients, the company announced a new slate of top executives focused on compliance and testing standards.

Biotech Startup Crinetics Pharmaceuticals Raises $40M in Series A Funding

A group of ex-Neurocrine Biosciences employees have raised $40 million in a Series A round for their new startup, Crinetics Pharmaceuticals.

La Valencia Hotel Completes Upgrades in $12 Million Renovation

Owner Pacifica Host Hotels recently completed initial phases of a $12 million renovation at the vintage La Valencia Hotel in La Jolla, with improvements covering the property’s guest rooms, front entry, lobby lounge and 10th-floor Sky Suite.

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San Diego Housing Prices Growing at Slower Pace Than National Average

Home values in San Diego and Carlsbad grew at a slower pace than the national average, increasing 5.4 percent over the past year compared to 6.4 percent nationwide, according to a report Tuesday from CoreLogic.

Monday, November 2

Leventhal Law Merges with Dinsmore & Shohl

Cincinnati-based Dinsmore & Shohl LLP, with 20 offices across the country, is expanding to San Diego by merging with local firm Leventhal Law, Dinsmore said Monday.

Apartment Properties Sold in El Cajon, San Diego

Four local apartment properties recently got new owners, including a 25-unit El Cajon community purchased by Tustin-based Pan American Properties for $3.2 million.

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CommerceWest Bank Reports Q3 Pre-Tax Earnings of $1.8 Million

Irvine-based CommerceWest Bank, which has a branch in San Marcos, reported pre-tax earnings of $1.8 million in the quarter ending Sept. 30, up from $1.3 million the year before.

Quality Systems Inc. to Buy HealthFusion Holdings for $190 Million

Irvine-based Quality Systems Inc. has agreed to buy San Diego-based HealthFusion Holdings for up to $190 million.

Rancho Bernardo, Oceanside Industrial Properties Get New Owners

Industrial properties recently changed hands in San Diego and Oceanside, including two Rancho Bernardo buildings purchased by Trademark Construction Co. for approximately $2.79 million.

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CDC Small Business Finance Hires Allison Kelly

CDC Small Business Finance, one of the country’s largest Small Business Administration lenders, said Monday it has hired Allison Kelly to fill the new position of senior vice president of strategy and innovation.

Chula Vista-Based Youngevity Appoints New Management Team

Youngevity International Inc., a Chula Vista-based global direct marketer of nutritional and lifestyle products and producer of gourmet coffees for the commercial, retail and direct sales channels, announced new appointments to its leadership team.

Sunroad Completes $2 Million Renovation of Carlsbad Office Building

San Diego-based developer Sunroad Enterprises recently completed more than $2 million in renovations at its office property in Carlsbad, known as Bloom Offices at 5858 Dryden Place.

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Sunday, November 1

San Diego to Host Inaugural World Beach Games

San Diego will host the inaugural World Beach Games, a multisport event set to debut in 2017 with surfing, skateboarding, beach soccer and volleyball, among others.

County’s Construction Starts Down 37% in First 9 Months of 2015

San Diego County’s construction starts declined 37 percent from a year ago in the first nine months of 2015, to a value of approximately $2.2 billion, according to the latest monthly figures from Dodge Data & Analytics.

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Murphy Development Begins $18.3 Million Spec Industrial Project in Otay Mesa

San Diego-based Murphy Development has broken ground on a planned $18.3 million industrial building in Otay Mesa, which the company said marks that neighborhood’s first speculative industrial project since 2007.

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Tandem Diabetes Care Reports Q3 Results

Tandem Diabetes Care Inc., medical device maker and manufacturer of insulin pumps in San Diego, reported third-quarter earnings.

Maxwell Technologies Inc. Reports Revenue of $45.1M for Q3

Maxwell Technologies Inc., the San Diego maker of energy-storage devices called ultracapacitors, reported a net loss of $1.45 million, or a nickel per share, on revenue of $45.1 million during the third quarter.

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The Business Calendar for the Week of November 2, 2015

Some of the business events scheduled in the county for the week of November 2, 2015 and beyond.

Neurocrine Biosciences Inc. Announces Q3 Results

Biopharmaceutical firm Neurocrine Biosciences Inc. announced earnings results for the third quarter of 2015.

Pacific Imperial Railroad Majority Ownership Is Transferred to Conatus Capital Group

Pacific Imperial Railroad transferred ownership to Conatus Capital Group, Inc. Oct. 28, according to a news release.

OneRoof Energy Inc. Appoints Alexson as COO

San Diego-based OneRoof Energy Inc., a residential solar services provider and wholly owned subsidiary of OneRoof Energy Group Inc., announced it has appointed Brian Alexson, to the newly created role of chief operating officer.