Stories for February 2016

Monday, February 29

OpTerra Energy Opens Office in Solana Beach

OpTerra Energy Services, an Oakland-based energy services company, has opened a new office in Solana Beach.

Marine Corps Award Cubic Corp. Contracts Worth $3.7 Million

Cubic Corp. said on Feb. 29 that it received a series of contracts collectively worth $3.7 million to improve the U.S. Marine Corps’ battle simulation system.

San Diego Ranks Sixth-Hottest Real Estate Market in February

The National Association of Realtors reported San Diego was the sixth-hottest U.S. real estate market in February.

USD Economic Index Was Flat in January

An index tracking San Diego’s economic health was flat in January after three consecutive months of less than 1 percent growth.

Developer Concedes Defeat in Carlsbad Special Election

Los Angeles developer Rick Caruso has conceded a close special election held Feb. 23, in which Carlsbad voters apparently defeated his company’s proposed lagoon-adjacent retail center and open-space project that appeared on the ballot as Measure A.

Biocept Inc. Signs Deal with Prime Health Services

San Diego-based Biocept Inc., a company making liquid biopsies to improve the detection and treatment of cancer, inked a deal with preferred provider organization (PPO) network Prime Health Services.

Convention Center Names Rippetoe as New President and CEO

The executive board of the San Diego Convention Center Corp. has named Clifford Rippetoe as president and CEO of the facility’s operating entity. Rippetoe succeeds Carol Wallace, who retired from the post at the end of 2015 but remains a consultant to the corporation.

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Wrike Announces Hiring Plans for San Diego

Wrike, a software as a service provider, plans to bring 150 jobs to San Diego over the next three years, the company announced Feb. 29.

Sunday, February 28

Council Approves $150 Million Retirement Community at Scripps Ranch

San Diego City Council has unanimously approved plans for The Glen at Scripps Ranch, a $150 million, 53-acre continuing care retirement community planned for a site near Interstate 15.

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Sempra's Q4 Net Income Climbs to $369M

Sempra Energy on Feb. 26 reported fourth quarter earnings of $369 million, up from $297 million last year and above analyst expectations, despite costs of more than $300 million to fix its methane gas leak in Aliso Canyon.

ROIC Posts Increases in Net Income, Revenue

Retail Opportunity Investments Corp. (ROIC) saw revenue and net income rise from a year ago in its fourth quarter ending Dec. 31, and also for the full year of 2015, the San Diego-based real estate investment trust reported.

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The Business Calendar for the Week of February 29, 2016

Some of the business events planned in the county for the week of February 29, 2016, and beyond.

Chromis Therapeutics Raises $3 Million in Seed Round

Chromis Therapeutics Inc., an antiviral drug discovery company in San Diego, has raised $3 million in a seed financing round led by Torrey Pines Investment.

Kaplan College Rebrands as Brightwood College After Acquisition

The Brightwood College, formerly known as Kaplan College, hosted an open house at its campus in Vista Feb. 25 to celebrate its rebrand, which came after an acquisition by Education Corporation of America (ECA) this year.

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County’s Construction Starts Declined 24% in January

San Diego County’s January construction starts, including residential and commercial projects, declined 24 percent in value from the same month of 2015, to $270.7 million, according to the latest monthly figures from industry research firm Dodge Data & Analytics.

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San Diego REP appoints New Board President

The San Diego REPertory Theatre, known as San Diego REP, announced Y. Sachiko Kohatsu as its new board of trustees president Feb. 25.

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Orexigen Therapeutics Reports Fourth Quarter Results

La Jolla’s obesity drugmaker Orexigen Therapeutics missed the mark on its recent earnings statement.

General Atomics ASI Tests Predator B Designed for Longer Range Missions

General Atomics Aeronautical Systems Inc. recently announced the first flight of a longer-endurance Predator B unmanned aircraft with extended wings. The new wings give the aircraft 48 percent more flight time or greater, as well as the ability to carry more objects under the wings.

Renovation Underway After $2.75 Million Purchase of Hillcrest Building

SBMI Group Inc. has purchased a mixed-use Hillcrest building for $2.75 million and has begun a $900,000 renovation of the property, which originally housed a dance hall in the 1920s.

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Ionis Pharmaceuticals Reports Its Q4 Results

Carlsbad drugmaker Ionis Pharmaceuticals reported a wider-than-expected fourth quarter loss, according to a recent earnings statement.

Lockheed Martin Corp. Secures $10.4M Navy Contract

The U.S. Navy awarded Lockheed Martin Corp. a 19-month, $10.4 million contract modification to provide support for an undersea warfare and anti-submarine warfare combat system.

Friday, February 26

Sempra's Net Income Climbs to $369M for Q4

Sempra Energy on Feb. 26 reported fourth quarter earnings of $369 million, up from $297 million last year and above analyst expectations, despite costs of more than $300 million to fix its methane gas leak in Aliso Canyon.

Renovation Underway After $2.75M Purchase of Hillcrest Building

SBMI Group Inc. has purchased a mixed-use Hillcrest building for $2.75 million and has begun a $900,000 renovation of the property, which originally housed a dance hall in the 1920s.

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S.D.’s Construction Starts Declined 24 Percent in January

San Diego County’s January construction starts, including residential and commercial projects, declined 24 percent in value from the same month of 2015, to $270.7 million, according to the latest monthly figures from industry research firm Dodge Data & Analytics.

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Business Journal for Week of February 29, 2016

Some of the business events scheduled in the county for the week of February 29,2016, and beyond.

Ionis Reports Q4 Results

Carlsbad drugmaker Ionis Pharmaceuticals reported a wider-than-expected fourth quarter loss, according to a recent earnings statement.

Orexigen Reports Q4 Results

La Jolla’s obesity drugmaker Orexigen Therapeutics missed the mark on its recent earnings statement, and stock has plummeted nearly 30 percent immediately following the announcement.

Chromis Therapeutics Inc. Raises $3 Million in Seed Round

Chromis Therapeutics Inc., an antiviral drug discovery company in San Diego, has raised $3 million in a seed financing round led by Torrey Pines Investment.

ROIC Posts Increases in Revenue, Net Income

Retail Opportunity Investments Corp. (ROIC) saw revenue and net income rise from a year ago in its fourth quarter ending Dec. 31, and also for the full year of 2015, the San Diego-based real estate investment trust reported.

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Council Approves $150M Retirement Community at Scripps Ranch

San Diego City Council has unanimously approved plans for The Glen at Scripps Ranch, a $150 million, 53-acre continuing care retirement community planned for a site near Interstate 15.

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Thursday, February 25

Carlsbad-Based Palomar Display Products Receives Six Orders Worth $7.8 Million

Palomar Display Products Inc. of Carlsbad said it received six domestic and international orders worth $7.8 million for military thermal sight displays.

Local Firm Buys Santa Rosa Apartment Property for $30.5 Million

San Diego-based Davlyn Investments has purchased a 104-unit apartment property in Santa Rosa for $30.5 million, the company announced.

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Fresh Healthy Vending Hires First Chief Marketing Officer

Fresh Healthy Vending International Inc., a local healthy vending franchisor, announced that it has hired Paul Schmidt as its first chief marketing officer.

Tandem Diabetes Reports Jump in Sales for Q4 and 2015

Tandem Diabetes Care Inc., a medical device maker and manufacturer of insulin pumps in San Diego, reported a jump in sales for the fourth quarter and 2015.

Arredondo Replaces Reilly as Chairman of S.D. Chamber Board

The San Diego Regional Chamber of Commerce announced Feb. 25 that Ernesto Arredondo Jr. would replace John Reilly as Chairman of the Board.

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Sempra Energy Signs Deal with Australia-Based Company

Sempra Energy on Thursday said it had signed a deal with Australia-based Woodside Petroleum Ltd. to advance development of a proposed natural gas liquefaction facility in Port Arthur, Texas.

SeaWorld Parent Firm Admits Spying on Animal-rights Activists

Leaders of Florida-based SeaWorld Entertainment Inc. have admitted that some of its employees posed as animal-rights activists to spy on critics of the company, a claim made last summer by People for the Ethical Treatment of Animals (PETA).

National Economy Worries S.D. Businesses, Report Finds

San Diego business owners are more pessimistic about the national economy than they were last year though they remain confident about their personal prospects, according to a report Thursday from Union Bank.

Now is Time to Inspire Gen Z for STEM Careers

In the business world—and especially in the life sciences industry—we spend a lot of time reading and thinking about how to make the “millennials”happy.

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Grant Brings Students Wonders of Wildlife Refuge, Living Coast

The Living Coast Discovery Center, a nonprofit zoo/aquarium on San Diego Bay in Chula Vista, is one of 186 sites selected to receive a 2016 field trip grant from the National Park Foundation, the official charity of America’s national parks.

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Local Events Take the Spotlight in the Legal Community

Two event reminders: The San Diego County Bar Association’s Judicial Reception is from 5:30 p.m. to 7:30 p.m. March 9 at the Bard Center. The 15th Annual Black & White Ball, sponsored by the Association of Corporate Counsel, opens with a wine reception at 6 p.m. at the beautiful Manchester Grand Hyatt on March 5. Get a room. It is fun until you’re done.

Chargers Back Measure for Downtown Site

SPORT: Supporters Favor Noncontiguous Expansion For Convention Center

The San Diego Chargers are supporting a previously announced ballot measure calling for a 5 percent increase in the city’s transient occupancy tax on hotel rooms, as the team looks to win public support at the polls for a new multipurpose downtown stadium.

Carlsbad Project Appears to Have Lost Narrowly at Polls

PROPERTY: Ballots Remain to Be Counted And Election Certified

Carlsbad voters appeared to have narrowly defeated Measure A, calling for a Nordstrom-anchored retail center near the Agua Hedionda Lagoon, but approximately 7,100 mail and provisional ballots remained to be counted.

We’re Gonna Need a Bigger Pie: Banks Expand Presence in S.D.

FINANCE: If Customer Base Doesn’t Grow, Competition Will Heat Up

Regional commercial-focused banks from Oregon, the Bay Area and Orange County are expanding their presences in San Diego, presenting more options for businesses and a potential loss of clients for larger banks already established in the county.

Executive Q&A Tom Wornham, President/CEO San Diego Private Bank

BANKING: Community Banker Sees Solid Execution, Instead Of Consolidation and Conformity, as Way to Serve Community

First Interstate Bank, based in Los Angeles, acquired San Diego Trust & Savings Bank in 1993, picking up a bank with more than a century of history, 53 branches and deep affection among San Diegans. When Wells Fargo in turn bought First Interstate in 1996, that past affection did nothing to blunt Wells’ missteps.

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A Time For Accion

FINANCE: Demand Is Growing as Microlender Expands Its Territory, Increases Loan Volume

Accion San Diego, a nonprofit microlender for small businesses, reported its fourth consecutive year of record loan volume, distributing $3.4 million last year.

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Marine Corps Not a Target-Rich Environment for BRAC

The U.S. Marine Corps’ top general says the service’s base structure is lean and well-suited for its mission. “Our view is we don’t have a whole lot of excess capacity,” Gen. Robert B. Neller, commandant of the Marine Corps, said during a talk with reporters Feb. 19.

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App Gives Easy Access to All the ‘Moving Parts’ of CRM

TECH: Geo-Fencing Is Used to Further Augment the Services

Local company Footprints Mobile has developed a cloud-based app by the same name that attempts to simplify customer relationship management (CRM) systems.

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SeaWorld Leadership Changes Put New President in S.D. Park

TOURISM: Moves Are Part of Company’s Reconfiguration Efforts

A park management shakeup and an exploration-centric new local attraction planned for 2017 are just the latest in a series of major management and programming reconfigurations being made by the parent of SeaWorld San Diego.

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Energy Policies Raise Questions about Incentives, ‘Subsidies’

ENERGY: Some See Removal of Risk as a Hindrance to Innovation

All good things must come to an end. Except clean-energy tax credits, of course. In mid-December, lawmakers passed yet another extension on renewable-energy tax credits set to expire in 2016. For many solar and wind companies, it was an early Christmas gift.

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Targeted Fat Burning Misses Mark, Neothetics’ CEO Resigns

Following failed clinical trials and a 90 percent stock crash, CEO George Mahaffey of San Diego-based Neothetics Inc. has abruptly resigned.

Show Me the Sales: Linking Online Ads and Offline Commerce

TECH: Businesses Pay for Advertising When Sale Is Made

Sixteen numerals are all that Jon Carder needs to connect the dots.

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Caterer Continues Its Olympics Run

SERVICE: Rio Will Be Ninth Games for Local Co.

When competitive swimmer Michael Phelps requested eight Big Macs — one for each gold medal he won at the 2008 Beijing Olympics — John Crisafulli filled the champion’s McDonald’s order.

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Rankings Reveal Draw Of S.D.’s Real Estate

LAND: Commercial Properties Attracting Variety of Investors

Despite recent turmoil in financial markets, and partly because of volatility that makes real estate look stable by comparison, experts said San Diego is among markets capitalizing on job growth, demographic shifts, high barriers to entry for new construction, and a wide variety of investors looking to put cash to work as larger “gateway” cities become too pricey.

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Co. Makes Case for Handling Firms’ IT

TECH: It Tailors Offerings To Law Firms, Professions

Abacus Data Systems Inc. is riding into 2016 on the popularity of cloud-based IT for professional offices, mainly law firms. With new backing from an Eastern private equity firm, Abacus wants to build on its record of 188 percent growth over two years. It’s betting on more growth by expanding its offices and putting out the call for 80 new employees.

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Grail’s Goal Is Early Cancer Detection

BIOTECH: Big Backers Give Co. $100M Start

Illumina Inc., a major force in San Diego’s genomics industry, launched a spinout last month loaded with both cash and cachet. But experts say it’s destined for challenges on its quest for oncology’s “holy grail.”

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Wednesday, February 24

Encore Capital to Sell Subsidiary, Announces Q4 Earnings

Encore Capital Group, the largest buyer of defaulted credit card debt, on Wednesday said it was selling its tax lien subsidiary Propel Financial Service in favor of focusing on higher return portions of its business.

Michael Mendez Named Chief Technology Officer at HardTech Labs

San Diego business accelerator HardTech Labs has appointed Michael Mendez as chief technology officer and managing partner.

Navy Awards BAE Systems $15.6 Million Contract

The U.S. Navy awarded BAE Systems San Diego Ship Repair a $15.6 million contract to conduct post-shakedown availabilities for the Navy’s newest littoral combat ships, the USS Detroit and the USS Montgomery.

Toft Group Forms Dedicated Executive Recruiting Practice for Digital Health, Health Care IT

Toft Group, an executive search firm with offices in San Diego, Boston and San Francisco focusing exclusively on building leadership teams for life sciences and health care companies, announced the creation of its dedicated executive recruiting practice for digital health and health care IT.

Lakeside Apartment Property Sells for $16.75 Million

The Apartment Co. of Encinitas has acquired the 94-unit Marilla Sundance apartment complex in Lakeside for $16.75 million, according to brokerage firm Institutional Property Advisors (IPA).

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SpectraScience Acquires North Carolina Medical Device Company

SpectraScience Inc., a medical device company using light technologies to detect and diagnose cancers, has acquired the assets of Durham, N.C.-based Oncoscope Inc.

NuVasive Loses Lawsuit to Former Distributor

A California federal jury has ordered local medical device maker NuVasive Inc. to pay at least $27 million to a former distributor for allegedly poaching the distributor’s business.

Chargers Back Measure to Support Downtown Multi-Purpose Stadium

The San Diego Chargers are supporting a previously announced ballot measure calling for a 5 percent increase in the city’s transient occupancy tax on hotel rooms, as the team looks to garner public support at the polls for a new multi-purpose downtown stadium.

Carlsbad Plan for Lagoon-Adjacent Mall Loses Narrowly at Polls

Carlsbad voters appeared to have narrowly defeated Measure A, calling for a Nordstrom-anchored retail center near the Agua Hedionda Lagoon, but approximately 7,100 mail and provisional ballots remained to be counted.

Tuesday, February 23

S.D. Home Prices Rose 7.2 Percent in 2015, Index Finds

Home prices in San Diego rose 7.2 percent during the year ending in December, according to a leading housing market index, ranking as the sixth fastest-growing among the country’s large cities.

Rancho Financial Mortgage to be Renamed Skyline Home Loans

Direct mortgage lender Rancho Financial Mortgage is changing its name to Skyline Home Loans, after merging with Skyline five years ago and keeping its local brand.

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Air Force Awards $18.7 Million Contract to Kratos, Subsidiary

Kratos Defense & Security Solutions Inc. and its Composite Engineering Inc. subsidiary will provide unmanned aerial target systems to the U.S. Air Force under an $18.7 million deal. San Diego-based Kratos (Nasdaq: KTOS) announced the award Feb. 23.

ViaSat Signs Deal to Provide Internet Access on Qantas Airlines Flights

ViaSat Inc. said Feb. 22 that it signed a memorandum of understanding with Australia-based Qantas Airways to bring in-flight Internet connectivity to passengers on Qantas flights in Australia.

Downtown Tower Owners Get $53 Million in Refinancing

Property owners Angelo, Gordon & Co. and Lincoln Property Co. have obtained $53 million in refinancing for the 600 B Street tower in downtown San Diego, according to financial services firm PCCP LLC, which provided the loan.

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SOCi Inc. Raises Additional $2.25 Million in Financing

SOCi Inc., a local social media content marketing company, raised $2.25 million to expand its sales verticals and innovate its platform. This funding is in addition to the $1.5 million the company raised in its Series A round.

Ignyta Ends Development of 3 Potential Cancer Treatments, Dismisses Chief Science Officer

San Diego’s Ignyta Inc. is ending development of three potential cancer treatments — two of them acquired from Teva Pharmaceutical Industries — to focus on more promising candidates.

Startup OSSIC Exceeds Crowdfunding Goal on Day 1

OSSIC, the San Diego startup building 3-D audio headphones for virtual reality games and other immersive experiences, said it exceeded a crowdfunding campaign goal of $100,000 on its initial day.

Monday, February 22

Dudek Opens Offices in Santa Cruz and Hawaii

Encinitas-based Dudek, an environmental consultant, recently opened offices in Santa Cruz and Honolulu, Hawaii.

Keith Padgett Retiring as CEO of Pro Kids

Pro Kids, a life skills and golf education nonprofit, said Monday its CEO Keith Padgett was retiring.

ResMed Inc. to Buy Georgia Software Company for $800 Million

San Diego medical device company ResMed Inc. is buying Georgia-based Brightree for $800 million in cash. The acquisition will help ResMed (which primarily makes devices for sleep-disordered breathing) expand its digital health portfolio.

San Diego Firm Buys La Jolla Inn Hotel for $7.1 Million

Oceanic Cos. of San Diego has purchased the 23-room La Jolla Inn hotel in La Jolla for $7.1 million, according to CoStar Group and brokerage firm Atlas Hospitality Group.

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Regulus Therapeutics Reports $55.7 Million Net Loss for 2015

Regulus Therapeutics LLC reported a slightly smaller net loss for 2015, despite increased R&D spending. That’s thanks to a boost in revenue, according to the company’s recent earnings statement.

San Diego County Continues to Boost Hotel Room Supply

San Diego County added 711 hotel rooms at six new properties in 2015, up 115 percent from new supply added in 2014, according to hotel brokerage and research firm Atlas Hospitality Group.

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Qualcomm's Snapdragon Processor to Power Samsung's Galaxy

Samsung is using Qualcomm Inc.’s Snapdragon 820 processor to power its newest flagship smartphone, the Galaxy S7 and S7 edge, Qualcomm said on Feb. 22.

Carlsbad Apartment Property Sold for $6.58 Million

Smith Family Trust has purchased the 21-unit Pine Avenue Apartments in Carlsbad for approximately $6.58 million, according to brokerage company ACRE Investment Real Estate Services.

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Red Door Interactive Relocating from Carlsbad to Encinitas

Red Door Interactive, a local marketing and advertising agency, announced that it will open an office in Encinitas in April.

Sunday, February 21

Connecticut Firm Buys Mission Valley Marriott Hotel for $76 Million

An affiliate of Connecticut-based Wheelock Street Capital LLC has purchased the 350-room San Diego Marriott Mission Valley hotel for $76 million, according to CoStar Group and public data.

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Hotel La Jolla Sold for $40 Million

Khanna Enterprises Ltd. of Buena Park has acquired the 110-room Hotel La Jolla for $40 million, according to CoStar Group and public data.

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Novatel Selling Telematics Hardware Business

San Diego-based Novatel Wireless Inc. signed an agreement to sell its telematics hardware business to Micronet Enertec Technologies Inc. for $24 million.

SeaWorld San Diego President John Reilly Promoted as Part of Co.'s Leadership Changes

Orlando-based SeaWorld Entertainment Inc. announced an executive shake-up that will have SeaWorld San Diego’s president promoted to oversee all of the company’s parks.

Hillcrest Mixed-Use Project Gets $12.5 Million in Financing

San Diego-based Jonathan Segal FAIA & Development Co. has obtained $12.5 million in new financing for its recently completed mixed-use residential and retail project in Hillcrest, according to real estate services firm HFF.

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Illinois Company Buys Specialty Food Distributor Monterrey Provision Co.

San Diego specialty food distributor Monterrey Provision Co. has been acquired by Naperville, Illinois-based KeHE.

PlanetTogether expands to Latin America

PlanetTogether, a local supply chain management software company, announced a new partnership with GCM Business Consulting and Technology to expand services and operations into Latin America.

The Business Calendar for the Week of February 22, 2016

Some of the business events planned in the county for the week of February 22, 2016, and beyond.

Construction Completed on $7.6M Project at Monte Vista High School

Grossmont Union High School District announced Feb. 18 the completion of three classroom buildings at Monte Vista High School in Spring Valley.

Akarna Therapeutics Raises $15M in Funding Round

Akarna Therapeutics, a startup developing drugs targeting inflammatory and fibrotic diseases with no approved treatments, has raised $15 million in a Series B financing.

Sempra Announces Increase in Dividend

Sempra Energy announced Feb. 19 that its board of directors increased the amount of the company’s dividend by 8 percent.

Alaska Airlines Expands Services Between San Jose and San Diego

Alaska Airlines has announced an expansion of daily routes from San Jose to Southern California, including new flights serving San Diego International Airport.

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Cigar, Food Purveyors Take Spaces at Rancho Bernardo Center

Excalibur Fine Cigars Inc. recently signed a 10-year lease for a 1,380-square-foot space at the Mercado Shopping Center, 11828 Rancho Bernardo Road in Rancho Bernardo.

Bomb Threats Disrupt Ship Repair Operations

Schedules at BAE Systems San Diego Ship Repair and the nearby naval base at 32nd Street have been affected by hoax bomb threats in recent months, the U.S. Navy revealed Feb. 19.

Friday, February 19

Alaska Airlines Expanding Services Between San Jose and San Diego

Alaska Airlines has announced an expansion of daily routes from San Jose to Southern California, including new flights serving San Diego International Airport.

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Hotel La Jolla Is Sold for $40 Million

Khanna Enterprises Ltd. of Buena Park has acquired the 110-room Hotel La Jolla for $40 million, according to CoStar Group and public data.

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Connecticut Co. Buys Mission Valley Marriott Hotel for $76 Million

An affiliate of Connecticut-based Wheelock Street Capital LLC has purchased the 350-room San Diego Marriott Mission Valley hotel for $76 million, according to CoStar Group and public data.

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SeaWorld San Diego Park President John Reilly Promoted in Leadership Shake-Up

Orlando-based SeaWorld Entertainment Inc. announced an executive shake-up that will have SeaWorld San Diego’s president promoted to oversee all of the company’s parks.

Food, Cigar Purveyors Take Spaces at Rancho Bernardo Center

Excalibur Fine Cigars Inc. recently signed a 10-year lease for a 1,380-square-foot space at the Mercado Shopping Center, 11828 Rancho Bernardo Road in Rancho Bernardo.

Sempra Announces Dvidend

Sempra Energy announced Feb. 19 that its board of directors increased the amount of the company’s dividend by 8 percent.

Business Calendar for Week of February 22, 2016

Some of the business events planned in the county for the week of February 22, 2016, and beyond.

Mixed-Use Project Gets $12.5 Million in Financing

San Diego-based Jonathan Segal FAIA & Development Co. has obtained $12.5 million in new financing for its recently completed mixed-use residential and retail project in Hillcrest, according to real estate services firm HFF.

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Illinois Co. Buys Specialty Food Distributor Monterrey Provision Co.

San Diego specialty food distributor Monterrey Provision Co. has been acquired by Naperville, Illinois-based KeHE.

Thursday, February 18

Neothetics CEO George Mahaffrey Resigns

San Diego’s Neothetics, a maker of cosmetic pharmaceutical therapies, announced that George Mahaffey offered his resignation as CEO and chairman of the board, effective immediately.

AMN Healthcare Reports Net Income of $81.9 Million for 2015

San Diego-based AMN Healthcare posted a 147 percent year-over-year spike in net income.

Novatel Wireless Reports Q4 Net Loss of $14.4 Million

Novatel Wireless Inc., the technology company in transition, reported a net loss of $14.4 million on net revenue of $58.1 million during its fourth quarter, which ended Dec. 31. In the same quarter one year ago, the company reported a net loss of $4.4 million on net revenue of $55.4 million.

Local Firm Buys Kearny Mesa Office Campus for $18.2 Million

LLJ Ventures of San Diego has purchased the three-building Seville Plaza office campus in Kearny Mesa for $18.2 million, according to brokerage company JLL.

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San Diego Businesses Remain Optimistic, Index Finds

San Diego businesses continued to report rising optimism in January, continuing a spike in December that broke six months of declining confidence.

Historic Silverado Ballroom Building Reopens After Makeover

The city of San Diego and community leaders recently marked the reopening of the historic Silverado Ballroom, following a $1.62 million renovation of the City Heights property.

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Aliso Canyon Gas Leak Permanently Sealed, Regulators Say

California regulators on Thursday confirmed that Southern California Gas Co., a subsidiary of Sempra Energy, had permanently sealed the leaking natural gas well in Aliso Canyon that drove thousands of residents from their homes.

Cox Cares Picks A Good Cause: Guitars in the Classroom

The Cox Cares Foundation awarded a $15,000 grant to San Diego-based Guitars in the Classroom, a nonprofit dedicated to improving the quality of education for all students by expanding the role of music in learning.

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Point Loma Brings Together Pieces of Perfect S.D. Lifestyle

One of the most recognizable photographs of San Diego on TV and in print is the one that spans out over the San Diego Yacht Club across the bay to the city. Some of the shots were taken in brilliant sunshine with clear blue skies and the city skyline off in the distance and others at dusk with stunning bay views and city lights.

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Reimagined ‘Broom’ Looks to Leave Competitors in the Dust

RETAIL: Inventor Changed Course on Idea and Went Consumer Product Route

Eben Dobson knows the exact moment brooms took over his life, eventually leading him to quit his job as a financial advisor for professional athletes.

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Building A Gateway

DEVELOPMENT: Local Engineering Firms Find Cooperation Creates an Opening for Them in $1.3 Billion Waterfront Project

When it comes to bidding for a project the size of the Manchester Pacific Gateway, divide and conquer isn’t a bad strategy. At least, that’s what four local engineering firms decided when they took on and beat out the national competition.

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Ratings Aim to Predict Damage, Downtime From Earthquake

PROPERTY: System Is Being Used In LA for City-Owned Buildings

Earthquake. In California, the word stirs visions of collapsing overpasses and crumbling structures. The U.S. Resiliency Council’s new rating system for buildings aims to replace those visions with a sober, succinct analysis that would give owners and business tenants an idea of potential post-earthquake problems from needed repairs to downtime. The ratings also could identify possible problem areas that could be addressed before disaster strikes.

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Imprimis Steps Up to Fill Need for More Affordable Drugs

Local drugmaker Imprimis Pharmaceuticals is offering cheap versions of expensive Retrophin drugs to patients who need them. The latest is a low-cost alternative to Thiola, a kidney stone drug that went from $1.50 a pill to $30 a pill in 2014 after it was acquired by Retrophin (which at the time was run by pharma’s favorite whipping boy, Martin Shkreli).

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Contractors Change Course as Navy Seeks UAV Tanker

The U.S. Navy’s long-delayed unmanned aircraft — the one that might someday fly off aircraft carriers — has a new job description.

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Macrobrewer’s Plans Making Some Waves in Beer Community

Podcasts and blogs devoted to local craft beer enthusiasts have recently been buzzing — much of it not enthusiastically — about the newest potential “outsider” to enter San Diego’s bustling brewery scene.

Low Barriers Help Companies Make Fast Start

ECONOMY: Fundraising, Marketing, E-commerce Among Lower-Cost Options

Starting a business never has been simple, but many young entrepreneurs are finding that their ability to reach customers and raise money over the Internet has lowered the barrier to launching a company.

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Marijuana Sector Ready to Grow as More Legalization Looms

PRODUCTION: Cos. Look to Profit in Making Tools of the Pot Trade

Legal, recreational marijuana sales are surging in the U.S. and are expected to surpass $6 billion annually as more than a half-dozen states, including California, are expected to take up the legalization issue this year.

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Executive Q&A Marvin Malecha, NewSchool of Architecture and Design

For Marvin Malecha, experience and education have always gone hand in hand.

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Co. Paving ‘Road’ for Reliable, Efficient M2M Communication

TECH: Ingenu’s RPMA Network a Unifying Force For the Internet of Things

When the wireless business community comes together in Barcelona, Spain, over the week of Feb. 22, Rancho Bernardo-based Ingenu will be there to show its patented technology to the world.

Co.’s Crops Find A Middle Ground

BIOTECH: Gene Editing May Be Acceptable Option to GMO

As high-profile companies such as Whole Foods and Chipotle turn up their noses to genetically modified (GM) foods, farmers are increasingly in search of crops that won’t turn off the consumer.

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Bayfront Project Elements Take Shape

PROPERTY: Chula Vista Plan to Start With Condos

Elements should begin falling into place later this year for long-sought commercial and residential development along the Chula Vista waterfront, including financing details on a centerpiece hotel and convention center.

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Airline Puts ViaSat On National Radar

TECH: In-Flight Wi-Fi Just Part of Multifaceted Co.

For a moment at least, the market got religion about ViaSat Inc. Enthusiasm over the Carlsbad company propelled five times the normal traffic in ViaSat shares Feb. 16. Buyers piled into ViaSat stock when it looked as though it would get the business to provide in-flight Wi-Fi service on American Airlines.

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Facing The Hazards

SPORT: Drought, Image And Other Obstacles Bring Change to Golf

Water management, better pricing tools and new ways to package the golf experience are top of mind for golf course owners and superintendents as they struggle to remain profitable, the industry’s top trade groups said earlier this month at the Golf Industry Show at the San Diego Convention Center.

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Private Equity Firm to Pay More Than $500 Million for Lytx Inc.

A private equity firm has agreed to pay roughly a half-billion dollars to buy Lytx Inc., a technology business that helps fleet owners monitor drivers and fleet activity.

DSW Inc. to Acquire Ebuys Inc. for over $62 Million

DSW Inc., a branded footwear and accessories retailer, entered into a definitive agreement Feb. 17 to acquire local company Ebuys, an e-commerce footwear and accessories retailer.

Wednesday, February 17

Qualcomm Announces it is Teaming with Samsung

Qualcomm Inc. is teaming up with South Korea-based Samsung to offer so-called “small cells” supporting communications in unlicensed spectrum, such as the 5 gigahertz band that is open to all. The technology would support the extra-fast data transfer technology called LTE.

Spain to Buy Four Drones from GA-ASI

Spain plans to join the group of countries that fly unmanned aircraft from Poway-based General Atomics Aeronautical Systems Inc.

Work Begins On $113 Million South Bay Transit Project

Construction has begun on the $113 million South Bay Rapid project, a 21-mile regional bus service that will run between the Otay Mesa Port of Entry and downtown San Diego. The service is expected to begin in 2018, operated by San Diego Metropolitan Transit System (MTS).

ZeaKal Raises $5.3M in Series B Round, Acquires Algenetix

ZeaKal, an agriculture biotech in San Diego, announced Wednesday that it has raised $5.3 million in a Series B round. In conjunction with the financing, ZeaKal also acquired San Diego-based Algenetix, a renewables company.

Little Italy Luxury Apartments Planned After $15 Million Land Buy

Atlanta-based Wood Partners plans to develop a 110-unit luxury apartment project, after acquiring a bayfront site in downtown’s Little Italy for $15 million, according to brokerage company Colliers International.

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New $20 Million Apartment Project Underway in Chula Vista

Construction is underway on Creekside Pointe, a new $20 million, 118-unit apartment complex in western Chula Vista.

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Maxwell Technologies Posts $22.3 Million Net Loss for 2015

Despite an uptick in 2015 fourth-quarter revenues at Maxwell Technologies Inc., the San Diego-based energy storage firm ended the year with some losses.

McDonald's All-Day Breakfast Eats into Jack in the Box Earnings

Fast-food chain Jack in the Box Inc. posted lower than expected earnings on Thursday, as McDonald’s Corp.’s all-day breakfast strategy ate into sales.

Tuesday, February 16

Abacus Data Systems Adds 80 Employees, Moves to New HQ

Abacus Data Systems, which offers cloud-based information technology to several vertical markets, said it plans to add 80 employees to its staff in 2016. It also announced a move to a 19,000-square-foot headquarters in the University Towne Center business district.

Moody's Affirms City of San Diego's Favorable Rating

Moody’s Investors Service on Tuesday affirmed its high issuer rating for the City of San Diego, reflecting confidence in the city’s financial health.

Tech Firm Lytx Inc. Reports Record Year in 2015

Lytx Inc. — the privately held San Diego business that helps fleet owners monitor their drivers with its DriveCam family of products — said it had a record year in 2015.

SeaWorld San Diego Plans New Ocean Explorer Attraction for 2017

SeaWorld San Diego plans a spring 2017 opening for Ocean Explorer, a new attraction combining multiple aquariums, rides and digital technologies.

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Renovation to Begin on Second Carlsbad Library

The newly renovated Georgina Cole Library on Carlsbad Village Drive will reopen Feb. 27 as crews ready to begin work on a second library project.

Former Drugstore Property in La Jolla Sells for $7 Million

An affiliate of Bert Levi Family Jewelers of San Diego, recorded as SLZ Farms Property LP, has purchased the La Jolla building that formerly housed Burns Drugs for approximately $7 million, according to CoStar Group and public data.

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Community Health Systems Joins Consortium

San Diego’s Council of Community Clinics (CCC) announced Tuesday that Community Health Systems Inc. has joined the council.

Amazon Adds Restaurant Food Delivery to San Diego Offerings

Amazon Inc. has added restaurant food delivery to its app-enabled Prime Now offerings in San Diego, with food from more than 80 local eateries available within one hour or less.

Monday, February 15

Skateboard Group Names Thomas Barker Executive Director

An Encinitas-based trade group for skateboard manufacturers on Monday said it had promoted its director of research as its latest executive director.

USD to Host Inaugural Cal-Israel Innovation Expo and Conference

New technology from Israel is the topic of a two-day event in early March at the University of San Diego in Linda Vista.

Smart & Final Extra Opening New Store in Coronado

Commerce-based grocery retailer Smart & Final LLC plans a Feb. 17 opening for its new Smart & Final Extra store at 150 B Ave. in Coronado.

Invivoscribe, Thermo Fisher to Collaborate on Cancer Tests

San Diego-based Invivoscribe announced Monday that it’s entered into a long-term collaboration with biotech giant Thermo Fisher Scientific to develop cancer tests.

Mission Valley Hotel Owner Obtains $33 Million in Refinancing

Hotel property owner T2 Hospitality of Newport Beach has obtained $33 million in refinancing for its Hampton Inn San Diego/Mission Valley, according to real estate services provider HFF, which arranged the financing.

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Qualcomm Ventures Contributes to $793.5 Million Funding Round for Magic Leap

Qualcomm Ventures recently participated in a wide-ranging, $793.5 million funding round for computer-imagery company Magic Leap. Qualcomm (Nasdaq: QCOM) officials declined to say how much it contributed.

Carlsbad Apartment Property Sells for $4.1 Million

La Costa Meadows Apt LLC of Carlsbad has acquired a 12-unit apartment property in that city for $4.1 million, according to brokerage company Marcus & Millichap.

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Sunday, February 14

Tech Firms Join Tenant Roster at Emmes’ Downtown Tower

Technology companies CPC Strategy and Dev Bootcamp have signed leases to join the tenant lineup at the 707 Broadway office tower in downtown San Diego, building owner Emmes Realty Services of California LLC announced.

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Sunroad Enterprises Buys Nevada, Arizona Apartments for $65.7 Million

San Diego-based Sunroad Enterprises has acquired two apartment properties in Nevada and Arizona, in separate deals totaling $65.7 million, the company announced.

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Illumina and Genomics England Teaming Up to Tackle Bioinformatics

San Diego-based Illumina and Genomics England are teaming up to develop a set of tools that can be used to improve and automate the interpretation of genomic data.

If You Need Direction Downtown, Look for a Sign

Civic San Diego has completed a $1.9 million initiative to install 200 signs downtown aimed at helping pedestrians and bikers more easily find their way to attractions and government buildings.

Ligand Pharmaceuticals Reports Q4, Yearly Results

San Diego’s Ligand Pharmaceuticals Inc. reported strong revenue in 2015 despite a small dip in the fourth quarter, according to the company’s recent earnings statement.

The Business Calendar for the Week of February 15, 2016

Some of the business events planned in the county for the week of February 15, 2016, and beyond.

Microlender Accion's Lending Value Up 20% in 2015

Nonprofit microlender Accion said it issued $3.4 million in loans last year.

Wells Fargo Donates $5 Million to Nonprofit to Boost Affordable Homebuying Opportunities

Wells Fargo said it was donating $5 million to affordable housing nonprofit NeighborWorks America for a program to foster San Diego home ownership.

Cubic Corp. Receives $33.7M Contract for Army Training in Europe

Cubic Corp. said it received a five-year, $33.7 million contract from the U.S. Army Europe to support simulation training.

Claim Jumper Restaurant Planned for Downtown Wyndham Hotel

Port district commissioners have approved a sublease arrangement that will bring a new Claim Jumper restaurant to the existing Wyndham San Diego Bayside hotel in downtown San Diego.

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Friday, February 12

Tech Firms Join the Tenant Roster at Emmes’ Downtown Tower

Technology companies CPC Strategy and Dev Bootcamp have signed leases to join the tenant lineup at the 707 Broadway office tower in downtown San Diego, building owner Emmes Realty Services of California LLC announced.

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Business Calendar for Week of February 15, 2016

Some of the business events planned in the county for the week of February 15, 2016, and beyond.

Claim Jumper Restaurant Is Planned for Downtown Wyndham Hotel

Port district commissioners have approved a sublease arrangement that will bring a new Claim Jumper restaurant to the existing Wyndham San Diego Bayside hotel in downtown San Diego.

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Sunroad Buys Nevada, Arizona Apartments for $65.7 Million

San Diego-based Sunroad Enterprises has acquired two apartment properties in Nevada and Arizona, in separate deals totaling $65.7 million, the company announced.

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Microlender Accion Issues $3.4M in Loans for 2015

Nonprofit microlender Accion said it issued $3.4 million in loans last year.

Wells Fargo Donates $5 Million to Nonprofit to Boost Homebuying Opportunities

Wells Fargo said it was donating $5 million to affordable housing nonprofit NeighborWorks America for a program to foster San Diego home ownership.

Thursday, February 11

Qualcomm Ready to Buy If Market Creates Opportunity for More Mergers, Acquisitions

Leadership at Qualcomm Inc. expressed interest in further mergers and acquisitions as executives offered an extended program of briefings to financial analysts Feb. 11 at company headquarters.

San Diego-Based SupraMed Acquired By Florida Company

San Diego’s SupraMed, which makes medical practice management software for plastic surgeons, has been acquired by Palm Beach, Florida-based Nextech.

Coastal Commission Votes to Dismiss Executive Director

The California Coastal Commission voted 7-5 Feb. 10 in Morro Bay to remove its executive director, Charles Lester, from his position, despite opposition from many in both the public and private sector.

Wireless Tech Firm Ingenu Takes New Space in Scripps Ranch

Wireless technology company Ingenu has signed a new lease for 27,855 square feet of office space at the Horizon Tech Center in Scripps Ranch, property owner KBS Real Estate Investment Trust II announced.

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Reva Medical Raises $11.4M in Stock Sale to Goldman Sachs

San Diego’s Reva Medical Inc. will receive $11.4 million from a sale of its stock to Goldman Sachs International.

Median Resale Home Price Increases 8%

The median price of previously owned San Diego homes rose 8 percent in the year ending in January, according to the Greater San Diego Association of Realtors.

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Workforce Partnership Heading to White House Event to Present Its Winning Proposal for Placing Laid-Off Workers

The San Diego Workforce Partnership will present their winning proposal on Rapid Re-Employment for Dislocated Workers at the White House Learning Exchange and Celebration Feb. 16.

FBI Honors Securing Our eCity With Director’s Community Leadership Award

The FBI has named Securing Our eCity, the San Diego nonprofit devoted to cybersecurity awareness, as a 2015 recipient of its Director’s Community Leadership Award.

LoanHero Names Blume Chief Risk Officer

LoanHero, an alternative lender focused on brick-and-mortar retailers, announced it had hired Matthias Blume as its chief risk officer.

Lemon Grove Auto Sales Property Sold for $5.38 Million

San Diego investor Dan Floit has purchased an auto sales building and adjacent land in Lemon Grove for approximately $5.38 million, according to commercial real estate services firm Retail Insite.

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Brojure Employs the ‘Emotion’ of Visuals to Make the Sale

TECH: Platform Captures Attention for Your Product, Presentation

No one wants to wade through pages of text when being pitched a service or product. They just want the facts presented in an easy-to-understand, appealing fashion.

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Eleven Nonprofits Share $215,000 in Grants to Help HIV/AIDS

The San Diego HIV Funding Collaborative, a grant program of the San Diego Human Dignity Foundation, awarded more than $215,000 to 11 local nonprofits in support of ending new HIV infections and to underwrite critical services for women, men, and youth affected by HIV/AIDS.

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Strength, Persistence and Passion Propel UCSD Health’s CEO

MEDICINE: Maysent Brings Lessons Learned in Water to Her New Role

It’s no secret that being a top executive of a billion-dollar organization requires long hours, lots of stamina, and a competitive streak.

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In Larger Numbers We Trust

Cos. Find Savings As Employer Mandate Drives Growth in Health Care Co-Ops

A new government mandate is pushing employers to join cost-sharing co-ops to help pay for health insurance benefits.

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Managing Partner Keeps Dentons Involved in Community

Kurt Kicklighter has played an important role in keeping the Luce Forward, then McKenna Long and now Dentons, San Diego office focused on good legal work. But it is a challenge getting the new, international name out locally. The corporate office is probably not always impressed with local events.

Amplyx Attracts Top Pharma Talent and Big VC Investment

San Diego’s life science sector has been busy striking deals, beefing up executive staff, and raising money.

Keg N Bottle Stores ‘Deliver’ for Amazon’s Alcohol Service

RETAIL: It Is Part of Of Prime Now App’s Expanding Services

For San Diego retailer Keg N Bottle, sales of beer, wine and spirits are nearly always brisker at its nine stores in the week leading up to Super Bowl Sunday.

Providing Answers for Some of Life’s Burning Questions

MARKETING: Zip App Engages Users to Gather Data on Buying Behaviors

You’ve been invited to a party and you see these must-have shoes at Nordstrom’s that are a budget-breaker. What do you do?

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Bandwidth Bonanza Big Part of ViaSat-3 Satellite Plan

Lots of Carlsbad news here, leading off with ViaSat Inc. offering some color on its ViaSat-3 satellite plan.

Planning Commission Set to Review Revised One Paseo

PROPERTY: Downsized Version Cuts Office, Retail Space in $600M Project

The San Diego Planning Commission, likely in March, will be reviewing a significantly downsized version of One Paseo, the Carmel Valley mixed-use project which last year spurred three community lawsuits after it was originally approved by the San Diego City Council.

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New Exhaust Nozzle May Be Ticket For Quieter Landings

AVIATION: ‘Drag on Demand Technology’ Gets SBIR Grants

Parthiv Shah is on a mission that would gladden the hearts of Point Loma, North Park and Carlsbad residents — not to mention people all over the world who live under airport flight paths.

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GSDAR Stakes New Territory as Part of Co.

PROPERTY: Regional Group Aims to Serve National Market

The Greater San Diego Association of Realtors is teaming up with some of the largest Realtor groups in the country to form a company that will vet product vendors and allow local associations to share tools they’ve developed in-house.

Planes, Trains Getting Bigger Role at Border

ECONOMY: Rail Upgrade, Airpark Bring Opportunities

After years of major upgrades to accommodate automobiles, infrastructure improvements in the San Diego-Mexico border region are about to shift decidedly in favor of planes and trains. And observers say there are multiple implications for commerce and business competitiveness in the cross-border area.

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Holding All The Cards

BIOTECH: J&J Puts Money, Subsidiary Behind ViaCyte’s Diabetes Efforts

Johnson & Johnson is joining forces with San Diego-based ViaCyte Inc. to speed development of a potential type 1 diabetes cure using a therapy derived from stem cells.

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Gas Leak Damage to Sempra Still Up in the Air

ENERGY: Diversity of Co., Insurance Could Limit Losses

When Sempra Energy held its quarterly earnings call on Nov. 3, about a week and a half after the company said it first discovered a natural gas leak at its Aliso Canyon facility, the company didn’t mention the leaking well. None of the investors or analysts on the call mentioned it either.

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Wednesday, February 10

Raytheon's S.D. Projects Get $57.8 Million Boost from Navy

One of Raytheon Co.’s San Diego projects got a boost with a U.S. Navy contract modification announced on Feb. 10.

USOC to Transfer Training Center to City of Chula Vista

The U.S. Olympic Committee will transfer its training center to the City of Chula Vista after concerns the USOC was losing money on the center.

Blackstone Buys Oceanside Commercial Properties for $13.5 Million

An affiliate of New York-based Blackstone Group LP has purchased 16 buildings and land parcels at Pacific Coast Business Park in Oceanside for approximately $13.5 million, according to CoStar Group and public data.

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San Diego Rescue Mission Expands Main Campus

The San Diego Rescue Mission took over 7,300 square feet of office space across the street from its main campus at 120 Elm St.

Navy Awards BAE Systems Contract Worth $52.1 Million

The U.S. Navy awarded BAE Systems San Diego Ship Repair a contract modification that could be worth as much as $52.1 million.

Google Exec Tapped to Lead Illumina Company

Illumina Inc. is recruiting a Google executive to lead its new cancer detection spinoff, Grail.

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Kearny Mesa Industrial Building Sells for $4.85 Million

Locally based Thomas M. Murray Trust has acquired a Kearny Mesa industrial building for $4.85 million, according to brokerage company Marcus & Millichap.

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Revenue, Net Income Rise at Realty Income

Realty Income Corp. saw total revenue rise 6.5 percent from a year ago in its fourth quarter ending Dec. 31, reaching $263.7 million, as net income available to common stockholders increased 7.2 percent, to $76.2 million.

Tuesday, February 9

ViaSat Announces Joint Venture, Q3 Earnings

ViaSat Inc. offered new details on its ViaSat-3 satellite constellation on Feb. 9 while separately announcing a joint venture to deliver consumer Internet service in Europe with Paris-based Eutelsat Communications.

Mad Catz Reports Flat Earnings, to Cut Staff by One-Third

Videogame peripheral maker Mad Catz Interactive Inc. reported flat earnings for the third quarter and said it planned to restructure, cutting 37 percent of company staff.

San Diego Retail Center Sells for $7.67 Million

McClurken Inc. of Spring Valley has acquired a three-building retail center in southern San Diego for approximately $7.67 million, according to CoStar Group and public data.

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Amplyx Pharmaceuticals Hires More Execs, Raises $8.7M

San Diego’s Amplyx Pharmaceuticals is beefing up its executive team and tacking on an additional $8.7 million to its recent Series B round, upping the total for that round to $49.2 million.

Ripplenami Appoints New CEO, CFO

Ripplenami Inc., a local provider of a cloud-based map-making tool, named Jaye Connolly-LaBelle president and chief executive officer and Kendra Berger chief financial officer.

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San Diego Company Tapped to Manage Two Carlsbad Hotels

San Diego-headquartered RAR Hospitality has assumed management of the Holiday Inn Carlsbad and Staybridge Suites Carlsbad, following an agreement with the hotels’ owner, Alps Group of Hotels.

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Tri-City Medical Center Hires Firm to Reduce Readmissions

Oceanside’s Tri-City Medical Center is partnering with health-tech firm Aidin to ensure that patients stay healthy after going home.

Chargers Appoint Maas as Advisor on Stadium Funding Initiative

The San Diego Chargers have appointed Fred Maas, the former chairman of San Diego’s Centre City Development Corp., to advise team owner and Chairman Dean Spanos on an upcoming citizens’ initiative to approve funding for a new football stadium.

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Monday, February 8

Cubic Corp. Reports Q1 Net Loss of $5.4 Million

Cubic Corp. reported a net loss of $5.4 million on sales of $313.8 million in its first quarter, which ended Dec. 31.

President/CEO of Affirmed Housing to Chair State Housing Consortium

James Silverwood, the president and CEO of local company Affirmed Housing, will serve as 2016 board chair of the California Housing Consortium.

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Proposed Minimum Wage Hike Headed to June Ballot

San Diego voters will have the chance to approve a minimum wage hike for the city, as the City Council on Monday unanimously voted to add the measure to the June 7 ballot.

Executive Team Replaced at Mad Catz Interactive

Mad Catz Interactive Inc. announced that its chairman, its chief executive officer and its chief counsel all resigned and have been replaced, effective immediately. The company offered no reason for the changes in a Feb. 8 announcement.

Specialty Skin Care Firm Sente Announces $5 Million in Financing

Sente, a specialty aesthetics firm in San Diego, announced that it has raised $5 million in financing.

Escondido Office Building, Land Parcel Sold for $7 Million

An affiliate of Escondido-based James Crone & Associates Inc. has acquired office and land properties in that city for a total of approximately $7 million, according to CoStar Group and public data.

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Climate Collaborative Receives Grant for Protecting Region’s Coastline

The San Diego Regional Climate Collaborative has received a $689,500 federal grant to protect the coastline from El Nino storms and flooding.

Partnership Buys Oceanside Residential Land for $12.6 Million

A partnership that includes New York-based JEN Partners LLC has acquired 35.5 acres of residential land in Oceanside for approximately $12.6 million, with plans to develop 352 homes, according to CoStar Group and public data.

Sunday, February 7

Local Firm Purchases Scripps Ranch Office Property for $19.75 Million

San Diego-based Cypress Office Properties LLC has purchased the Willow Creek Corporate Center office building in Scripps Ranch for $19.75 million, according to brokerage company JLL.

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San Diego-based Cue Partners With Johnson & Johnson for Portable HIV Viral Load Test

Johnson & Johnson has partnered with San Diego-based Cue to develop a cheap, portable and Internet-enabled HIV test.

Two La Jolla Buildings Part of $86.6 Million Portfolio Deal

Two La Jolla properties are among 13 retail and office buildings acquired in a multistate, $86.6 million portfolio deal by an affiliate of New York- based Lone Star Americas Acquisitions LLC, according to CoStar Group and public data.

Turtle Beach Corp. Sells $6.7M Worth of Shares in Offerings

Video game headset maker Turtle Beach Corp. on Feb. 5 said it sold $6.7 million worth of shares this week, using the proceeds to shore up its working capital line of credit.

The Business Calendar for the Week of February 8, 2016

Some of the business events scheduled in the county for the week of February 8, 2016, and beyond.

National University and UC San Diego Extension Announce Partnership for Sustainability Education

National University and University of California, San Diego Extension are introducing a partnership that offers students pathways to pursue studies in the growing field of sustainability management, the schools announced.

CH Projects to Open New Steakhouse in Little Italy

San Diego-based hospitality venue operator CH Projects plans to open a new Little Italy steakhouse called Born & Raised in late summer of 2016. The venue will debut at 1909 India St. after a $2.5 million renovation of the building that is currently underway.

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Aethlon Medical Inc. Reports Q3 Results

Aethlon Medical Inc., a company that makes a blood-filtering device to treat infectious disease and cancer, reported financial results for its fiscal 2016 third quarter.

PriceSmart Sales Increase 3.3% in January

PriceSmart Inc. said its net sales rose 3.3 percent in January compared with last year, despite foreign currency devaluations harming sales at it Colombian stores.

Chairmen’s RoundTable Elects Thiel as Board Chairman

The Chairmen’s RoundTable, a San Diego nonprofit organization that provides pro-bono mentoring to CEOs of private businesses in the region, announced that it has elected Paul Thiel as its chairman.

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Friday, February 5

Two La Jolla Buildings Are Part of $86.6 Million Portfolio Deal

Two La Jolla properties are among 13 retail and office buildings acquired in a multistate, $86.6 million portfolio deal by an affiliate of New York- based Lone Star Americas Acquisitions LLC, according to CoStar Group and public data.

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Business Calendar for Week of February 8, 2016

Some of the business events scheduled in the county for the week of Feb. 8, 2016, and beyond

CH Projects Opening New Steakhouse in Little Italy

San Diego-based hospitality venue operator CH Projects plans to open a new Little Italy steakhouse called Born & Raised in late summer of 2016. The venue will debut at 1909 India St. after a $2.5 million renovation of the building that is currently underway.

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Local Firm Buys Scripps Ranch Office Property for $19.75 Million

San Diego-based Cypress Office Properties LLC has purchased the Willow Creek Corporate Center office building in Scripps Ranch for $19.75 million, according to brokerage company JLL.

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Turtle Beach Raises $6.2M in Stock Offerings

Video game headset maker Turtle Beach Corp. on Feb. 5 said it sold $6.7 million worth of shares this week, using the proceeds to shore up its working capital line of credit.

Aethlon Medical Reports Q3 Results

Aethlon Medical Inc., a company that makes a blood-filtering device to treat infectious disease and cancer, reported financial results for its fiscal 2016 third quarter.

Thursday, February 4

Tech Company Aira.IO Raises $2.5 Million in Series A Financing

Health tech company Aira.IO announced Thursday that it has raised $2.5 million in a Series A round of financing.

Jerry Sanders Contract With Chamber Extended to 2020

Jerry Sanders will remain president and CEO of the San Diego Regional Chamber of Commerce through 2020, the organization announced. The former San Diego mayor’s current contract was set to expire at the end of 2017.

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San Marcos Company's Carts Super Bowl-Bound

If any players wind up injured at this weekend’s Super Bowl, it may be a local distributor’s golf carts whisking them off the field.

Cancer Researcher Awarded Seven-Year, $7.9 Million Grant

A cancer researcher at Sanford Burnham Prebys Medical Discovery Institute (SBP) has received a seven-year, $7.9 million grant to advance his cancer research.

July Opening Planned for Tony Gwynn Museum in Miramar

Operators plan a July opening for a new museum now under construction in Miramar, honoring the late San Diego Padres Hall-of-Famer Tony Gwynn.

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S.D. Economy Showing Modest Growth, Index Finds

An index tracking San Diego’s economic health rose in November and December, marking three consecutive months of modest growth after a gloomy summer.

Local Tech Company Zeeto Expands into New York

Zeeto, a software-as-a-service company downtown, recently opened offices in Manhattan’s Union Square district.

Many Children’s Wishes Will Come True Thanks to Couple

Make-A-Wish San Diego recently created an exclusive President’s Circle to help make every wish come true for San Diego children diagnosed with a life-threatening illness. Currently, one in three medically eligible children in San Diego has not been granted a wish.

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From Bay to Breakers, Point Loma Leaves You Awash in Beauty

es to everything and Point Loma is no exception. On the west side of the hilly peninsula there are dramatic sandstone cliffs high above the ocean known as Sunset Cliffs. The east side slopes toward San Diego Bay with homes right to the water’s edge.

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Pay Parity

New State Law Broadens Efforts to Narrow Gender Wage Gap

Women still make less than men in a majority of industries (79 cents on the dollar by most accounts) despite state and federal laws aimed at narrowing the gender pay gap.

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Croce’s Closes on a Sad Note for Viability of Live Music Venues

“Never say never,” Ingrid Croce said during a recent phone call when asked if she envisioned opening any more dining or music venues a few days after closing her Croce’s Park West in Bankers Hill.

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This Global Hawk Mission Not Clouded in Secrecy, Just Clouds

NASA plans to dispatch one of its high-altitude, unmanned Global Hawk aircraft to investigate El Niño weather patterns in the Pacific Ocean — and perhaps help the U.S. government fine-tune its weather forecasts.

Agriculture Incentive Zone Could Be Sprouting in S.D.

PROPERTY: Tax Breaks Used to Provide Plots For Growing Produce

The city of San Diego is considering new property tax incentives designed to get fresh produce onto tables in neighborhoods underserved by grocery stores, farmers markets and other sources of healthful foods.

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Company Finds Wire Service Niche and Runs With It

SPORTS: Endurance, Outdoor Sportswires Sell Access to Wider Audience

Tina Wilmott, a 20-year public relations veteran and avid athlete, wanted to find a way to publicize news about the sports she enjoyed — running, cycling and triathlons — in a less expensive way than mainstream news wires such as Business Wire and PR Newswire.

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Cognitive Helps Bring Medical Recordkeeping Into Compliance

TECH: Veteran Leaders Maneuver Way to Key Government Contracts

The single biggest reason why startups succeed is timing, experts say, and timing is something Doug Burke did right.

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Unified Effort Needed For a New Stadium

DEVELOPMENT: Leaders in Various Sectors Must Step Up

San Diego Chargers owner Dean Spanos recently announced his willingness to stay in town for at least 2016 and return to negotiations on a new local stadium, deemed by some as a key break in a months-long impasse between the team and government leaders.

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Co. Tests the Waters With Brewery Igniter

PROPERTY: H.G. Fenton Plans Additional Facilities

Thanks to the newly opened microbrewer’s unusual space arrangements in Miramar, co-founder Mat Robar estimates that his eco-themed Pure Project has saved a lot of green in startup costs — at least $100,000 — and shaved six to 12 months off the traditional launch timetable for a craft beer maker.

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SEC Takes Aim at Products and People

FINANCE: Risky ETFs, Past Conduct of Advisors on Radar

The Securities and Exchange Commission’s division tasked with keeping watch over the nation’s investment advisors and broker-dealers is paying closer attention to the marketing of popular investment products and plans to track which firms hire employees with a history of misconduct.

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Athletic Apparel Co. Stays Ahead of Game

CLOTHING: It’s on Top of Design, Shipping and Speed

When Matt Lehrer’s parents started Teamwork Athletics Apparel in the late 1980s, it was a part-time side business making baseball jerseys and pants. They ran a manufacturing sales rep firm focusing on sporting goods, and after a uniform supplier pulled out, they decided to give it a try themselves.

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High Or Low Impact?

HEALTH: Wellness Programs’ Effectiveness Can Be Difficult to Measure

If you can’t do squats in those pants, don’t wear them to work.

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Amazon Adds Beer and Wine to Local Delivery Offerings

Amazon Inc. has extended its Prime Now services in San Diego to include one-hour delivery of beer, wine and spirits, the Seattle-based company announced.

Wednesday, February 3

Abacus Data Systems Names Major G. Horton CFO

Abacus Data Systems Inc. announced that it had appointed Major G. Horton to be its chief financial officer.

Teledyne Instruments Signs $22 Million Lease for Scripps Ranch Expansion

Teledyne Instruments Inc., which makes measurement and monitoring devices used in manufacturing, has signed a 10-year lease valued at more than $22 million for two buildings in Scripps Ranch, according to brokerage company CBRE Group Inc.

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Lilac Hills Project Could Go Before Voters in November

North County supporters have filed paperwork with the county for an initiative petition drive, with the aim of placing the proposed 1,700-home Lilac Hills Ranch development on the November 2016 ballot.

Becton, Dickinson to Grow Presence in Region

After gobbling up San Diego’s CareFusion in a $12.2 billion deal last year, global medical equipment supplier Becton, Dickinson and Co. has decided to maintain (even grow) its presence in San Diego.

ServiceChannel Acquires Big Sky Technologies

ServiceChannel, a facilities management software and contractor sourcing platform, announced Feb. 3 its acquisition of San Diego-based Big Sky Technologies, Inc.

Reading Cinemas Closes Gaslamp Quarter Location

Reading Cinemas has closed its 15-screen movie theater in the Gaslamp Quarter, after eight years in operation at 701 Fifth Ave.

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Illumina Reports Strong Growth for 2015 Despite Weak Q4

San Diego-based Illumina reported strong growth for its 2015 fiscal year on Tuesday, with net income increasing 31 percent and sales rising 19 percent.

Tuesday, February 2

Multifamily Property in University Heights Sold for $3 Million

Locally based Carlone Family Trust has acquired a seven-unit multifamily property in University Heights for $3 million in an off-market transaction, according to brokerage company Colliers International.

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Brian Hansen Named Chief Commercial Officer at Tandem Diabetes Care

Tandem Diabetes Care Inc., a medical device maker and manufacturer of insulin pumps in San Diego, has announced that Brian Hansen has joined the company as chief commercial officer and executive vice president.

Point Loma Apartment Property Sells for $3.4 Million

San Diego-based MCFT Holdings LLC has purchased a 17-unit Point Loma apartment property for $3.4 million, according to brokerage company South Coast Commercial Inc.

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Local Company Buys Marriott in Carmel Valley for $80.5 Million

San Diego-based Southwest Value Partners has acquired the 284-room Marriott San Diego Del Mar hotel in Carmel Valley for $80.5 million, according to the buyer.

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Ligand Pharmaceuticals Enters Licensing Agreement with Tizona Therapeutics

San Diego drugmaker Ligand Pharmaceuticals has entered into a licensing agreement with San Francisco-based Tizona Therapeutics.

December Home Prices Up 6.7 Percent Over 2014

Home values in San Diego and Carlsbad rose 6.7 percent in December from the year before, as higher home values across the country appear to be spurring additional single-family home construction, according to a report Tuesday from CoreLogic.

Monday, February 1

S.D. Realtor Group Partners With 3 Others Nationwide to Form New Company

The Greater San Diego Association of Realtors announced it has partnered with three other Realtor groups across the country to form a company that will help associations vet vendors and share technology.

Mold-Maker Balda C. Brewer Moving Some Operations to Oceanside

Balda C. Brewer Inc. USA, a maker of plastic molds used in medical devices and other products, is closing a plant in Irvine this month and cutting 193 jobs. The company plans to shift more jobs out of OC with the relocation of other operations from Anaheim to the Inland Empire and San Diego County.

Turtle Beach Corp. Plans Public Stock Offering of $3.15 Million

Video game headset maker Turtle Beach Corp. on Monday said it was planning a public offering of common stock, with insiders planning to buy $3.15 million worth of shares at the offering price as part of the offering and in a separate private placement.

Construction Management Firm Cumming Acquires London Company

Cumming Corp., a San Diego-headquartered construction project management firm with offices worldwide, announced Feb. 1 that it is acquiring and merging with London-based consulting firm GB Fitzsimon. Financial details were not disclosed.

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Illumina Signs Genotyping Deals With Four Partners

San Diego-based sequencing firm Illumina Inc. announced Monday that it has signed four separate biobanking deals with Vanderbilt University, University of Colorado at Denver, Partners HealthCare, and Montreal Heart Institute.

LPA Inc. Relocates Office to Renovated Building Downtown

Architectural firm LPA, Inc. relocated its East Village office Feb. 1 to a new space downtown on National Avenue.

Service Station in Bonsall Sold for $7.55 Million

An affiliate of San Antonio, Texas-based Tesoro Corp. has purchased an Arco AM-PM service station in Bonsall for $7.55 million, according to CoStar Group and public data.

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Former Target in Chula Vista Being Converted into Multi-tenant Site

San Diego-based property owner Brixton Capital is in the midst of a renovation, expected to cost approximately $10 million, to convert a former Target store in Chula Vista into a multi-tenant retail building, according to general contractor Dempsey Construction.

HUYA Bioscience Signs Licensing Agreement With Japanese Firm

Local drugmaker HUYA Bioscience International inked a licensing deal with Eisai worth up to $280 million-plus, the company announced Monday.