Stories for January 2016

Sunday, January 31

Chargers to Play in San Diego for 2016; More Stadium Negotiations Planned

The San Diego Chargers will remain in San Diego for the 2016 season, team owner and Chairman Dean Spanos announced Jan. 29.

San Diego County’s Construction Starts Declined 25% in 2015

San Diego County finished 2015 with construction starts valued at approximately $3.12 billion, down 25 percent from 2014, according to the latest numbers from research firm Dodge Data & Analytics.

Tease photo

Fitbit Leases Office Space at Carmel Mountain Ranch

Fitbit Inc., which makes popular wearable fitness data trackers, has leased 16,760 square feet of office space in Carmel Mountain Ranch, according to CoStar Group. San Francisco-based Fitbit announced last year that it was recruiting employees and scouting locations for a San Diego regional office.

Tease photo

Developer Gets $65 Million in Refinancing for San Diego Retail Center

San Diego-based developer Coast Income Properties has obtained $65 million in refinancing for its Village at Pacific Highlands Ranch retail center near Carmel Valley, according to brokerage company CBRE Group Inc., which arranged the loan.

Tease photo

The Business Calendar for the Week of Feb. 1, 2016

Some of the business events scheduled in the county for the week of Feb. 1, 2016, and beyond.

SeaWorld San Diego President Named Board Chair for San Diego Regional Chamber of Commerce

SeaWorld president John Reilly was named chairman of the San Diego Regional Chamber of Commerce Board of Directors Jan. 28 during the chamber’s 145th anniversary celebration at the Manchester Grand Hyatt.

Tease photo

Foundation, City to Fund $3M Renovation of Lyceum Theatres

Horton Plaza Theatres Foundation and the City of San Diego will fund the $3 million revamp of the Lyceum Theatres’ public spaces over the course of a year.

Friday, January 29

Chargers to Play in S.D. for 2016; More Negotiations Planned

The San Diego Chargers will remain in San Diego for the 2016 season, team owner and Chairman Dean Spanos announced Jan. 29.

SeaWorld President Named Chairman of San Diego Regional Chamber of Commerce Board

SeaWorld president John Reilly was named chairman of the San Diego Regional Chamber of Commerce’s Board of Directors Jan. 28 during the chamber’s 145th anniversary celebration at the Manchester Grand Hyatt.

Fitbit Inc. Leases Office Space at Carmel Mountain Ranch

Fitbit Inc., which makes popular wearable fitness data trackers, has leased 16,760 square feet of office space in Carmel Mountain Ranch, according to CoStar Group. San Francisco-based Fitbit announced last year that it was recruiting employees and scouting locations for a San Diego regional office.

Tease photo

Business Calendar for Week of Feb. 1, 2016

Some of the business events planned in the county for the week of Feb. 1, 2016, and beyond.

County’s Construction Starts Declined 25 Percent in 2015

San Diego County finished 2015 with construction starts valued at approximately $3.12 billion, down 25 percent from 2014, according to the latest numbers from research firm Dodge Data & Analytics.

Tease photo

Developer Gets $65M in Refinancing for San Diego Retail Center

San Diego-based developer Coast Income Properties has obtained $65 million in refinancing for its Village at Pacific Highlands Ranch retail center near Carmel Valley, according to brokerage company CBRE Group Inc., which arranged the loan.

Tease photo

Thursday, January 28

BofI Holding Inc. Reports Q2 Net Income of $28.1 Million

BofI Holding, Inc., parent company of BofI Federal Bank, reported net income of $28.1 million for the fiscal quarter ending Dec. 31, up 45 percent from the year before.

Slashdot Media Acquired by BIZX for Undisclosed Price

BIZX LLC has acquired Slashdot Media from DHI Group Inc., the companies announced on Jan. 28. The acquisition included the web properties SourceForge.net and Slashdot.org. Financial terms of the deal were not disclosed. The transaction closed Jan. 27.

Sam Reese Appointed CEO at Vistage Worldwide Inc.

Vistage Worldwide Inc. said it named Sam Reese as CEO. Reese succeeds Leon Shapiro, who will continue to serve on the Vistage board of directors.

Tease photo

USD Receives $12 Million Gift From Foundation Created by Intel Co-Founder

The University of San Diego on Thursday announced it had received a $12 million gift from a nonprofit created by a co-founder of Intel to bolster science, technology, engineering and math education.

Human Longevity Inc. Acquires Lifebank USA

San Diego genomics company Human Longevity Inc. announced Thursday that it will acquire placental and cord blood banking business LifebankUSA from Celgene Cellular Therapeutics, a subsidiary of Celgene. Financial terms of the deal were not disclosed.

Guild Mortgage Reports Loan Volume of $13.8 Billion for 2015

Guild Mortgage Co. on Wednesday reported record loan volume of $13.8 billion for 2015, almost double the $7.4 billion from the year before and exceeding internal expectations by nearly $2 billion.

Clean Energy Future Has Quantifiable Benefits

With a unanimous San Diego City Council vote in December to adopt the San Diego Climate Action Plan (CAP), San Diego became the largest metropolitan area in the U.S. to adopt an aggressive target of 100 percent renewable energy within 20 years. This positions the city as a forward-thinking leader in climate policy both nationally and globally.

Tease photo

Grant to Museum Will Plant the Seeds of Learning in Kids

The New Children’s Museum announced that it has received $30,000 from longtime supporter San Diego Gas & Electric for two key efforts: $15,000 for the Museum’s Garden Project in the Children’s Park and $15,000 for Salute our Troops military efforts.

Tease photo

Above It All

At one of the highest elevations in the La Costa area of Carlsbad is a contemporary Mediterranean masterpiece. The property has a front row seat to nature’s daily display with floor to ceiling panoramic ocean and lagoon views from each living space. The experience is an exhilarating and uninterrupted connection with the Pacific, lagoon and painted skies.

Tease photo

Tech Sector Onboard With Efforts to Keep Graduates in Town

WORKFORCE: Bus Tour Shows Students Extent Of Opportunities Downtown

The dynamic has confounded local tech companies for years: The University of California, San Diego has almost 9,000 engineering students, and one of the largest and most successful computer science programs in the country, yet many suitable local high-tech job openings go unfilled.

Tease photo

Practically Speaking

Business Schools Add Programs to Ensure Grads Have Communication Skills

Having strong academic skills can help university graduates land interviews for promising jobs, but those meetings won’t lead to employment unless they’ve also developed “soft skills.”

Tease photo

Mr. Kashyap Goes to Washington After Fruitful Qualcomm Stint

The head of Qualcomm Inc.’s venture capital arm, Nagraj Kashyap, has left to join Microsoft Corp., the big Washington software company confirmed.

Access Is the Main Goal of Bar Foundation’s Local Grants

The San Diego County Bar Foundation (SDCBF) has awarded a total of $110,000 to 13 local nonprofits that offer legal services and promote understanding of the legal system to San Diego County residents, an increase of 10 percent over last year.

Co. Makes the Case That Less Is More for Phone Protection

RETAIL: Utomic’s Edge System Doesn’t Block Access, Aesthetics

Take a good look at your smartphone. What do you see?

Tease photo

LoanHero Is Planning to Expand Its Platform Nationwide

FINANCE: Partnering With Retailers Avoids Major Marketing Costs

LoanHero, one of the latest members in San Diego’s burgeoning alternative lending community, closed a $2.5 million seed funding round last month, bringing its fundraising total so far to $4.2 million.

Tease photo

Cancer Diagnostics Co. Splits From Parent, Raises $32M

BIOTECH: Company’s Spinout Necessary to Pursue Its Goals

San Diego-based bioTheranostics has raised $32 million to fund its departure from the nest of French parent company bioMerieux.

Tease photo

Court Decision Impacts Housing Development

LEGAL: More Stringent Reporting of Emissions Could Be Big Challenge

Development and legal experts say a recent California Supreme Court ruling on a major Los Angeles-area housing development mandating more stringent reporting related to greenhouse gas emissions could have far-reaching effects for larger projects in San Diego County and elsewhere in the state.

Qualcomm Looking To Get Strength Back

TECH: Co. ‘Executing,’ But Q2 Outlook Is Weak

Wireless technology specialist Qualcomm Inc. seemed to be its old self — under promising and over delivering — when it reported earnings for its recently ended first quarter on Jan. 27. Guidance for the current quarter, however, disappointed Wall Street and shares slumped after hours.

Listing Service Conflict Results in Lawsuit

REAL ESTATE: Realtor Association Seeks $1.5M

San Diego’s largest Realtor association hit the county’s other two Realtor groups with a federal antitrust lawsuit last month, accusing them of improperly wielding control of the area’s multiple listing service and blocking access to some housing data.

Tease photo

Local Cos. Cash In on VC Funding in 2015

FINANCE: More Caution Expected in Shaky Economy

Venture capital investors pumped more than $1 billion into San Diego companies last year, the region’s best funding period in at least three years, buoyed by an especially diverse distribution of capital across industries.

Taking Hold

TECH: Phablet Fans Feel the Devices Deliver Best of Both Worlds

When Soyeon Park signed up for phone service on her new Samsung mobile device, she got something she hadn’t bargained for: a lot of good-natured teasing from her co-workers.

Tease photo

Wednesday, January 27

Qualcomm Says Q1 Net Income Down 24 Percent

A dispute between South Korea-based LG Electronics Inc. and San Diego’s Qualcomm Inc. is delaying $100 million of royalty revenue coming into Qualcomm, company officials said during an investor conference call Jan. 27.

Navy Completes North Island Maintenance Facility

The U.S. Navy celebrated completion of a 100,000-square-foot helicopter maintenance facility at Naval Air Station North Island on Jan. 21. RQ Construction was the prime contractor.

Equinox Center Merging With Center for Sustainable Energy

The San Diego-based Center for Sustainable Energy (CSE) is absorbing a local research and policy nonprofit called Equinox Center.

Pure Project Debuting at H.G. Fenton’s First Brewery Incubator

Local beer microbrewer Pure Project plans a Jan. 30 opening, as the first tenant to debut at property owner H.G. Fenton Co.’s Brewery Igniter incubator facility in Miramar.

Survey: Optimism Remains Strong for Commercial Real Estate Demand

Developers remain confident that demand for California and San Diego County commercial real estate will remain strong through 2018, spurring opportunities for new construction and investment, according to the latest twice-yearly survey by the law firm Allen Matkins and UCLA Anderson Forecast.

Pacific Beach Manufacturer to Appear on 'Beyond the Shark Tank'

Tower Paddle Boards, a Pacific Beach-based manufacturer, will appear on an episode of ABC’s “Beyond the Shark Tank” on Thursday, Jan. 28, showcasing its growth since billionaire Mark Cuban bought nearly a third of the company in 2012.

The Scripps Research Institute Receives $12.8 Million from Taiwanese Philanthropist

Taiwanese billionaire Samuel Yin has given $12.8 million to The Scripps Research Institute (TSRI) to help build a major laboratory complex.

Tuesday, January 26

General Dynamics NASSCO's Newest Vessel Leaves Shipyard

The Perla Del Caribe, the newest vessel to come out of the General Dynamics NASSCO shipyard, left San Diego on Jan. 26 for the Panama Canal and Jacksonville, Fla.

Tease photo

Vicky Carlson Resigns as CEO of LEAD San Diego

Vicky Carlson announced on Jan. 25 that she plans to step down from the CEO’s job at LEAD San Diego in May.

Tease photo

Nominations for the San Diego Business Journal’s 'CFO of the Year' Extended

Nominations for the San Diego Business Journal’s “2016 CFO of the Year Award” have been extended to Monday, Feb. 8.

Oceanside Townhomes Planned after $2.25 Million Land Buy

San Diego-based KD Development Inc. has acquired an Oceanside land parcel for $2.25 million, with plans to develop multi-level, for-sale townhomes, according to brokerage company Lee & Associates.

San Diego Added 5,800 Construction Jobs Last Year, Report Says

San Diego added 5,800 construction jobs from December 2014 to December 2015, a 9 percent change, according to a U.S. Labor Department data analysis released Jan. 26 by the Associated General Contractors of America.

Illumina Acquires Australian Firm Conexio Genomics

Illumina Inc. is acquiring Conexio Genomics, an Australian firm that specializes in tissue typing used to match patients and donors for bone marrow or cord blood transplants.

Logan Heights Apartment Property Sold for $3 Million

Ekman Family Trust of San Diego has purchased an 18-unit apartment property in the city’s Logan Heights neighborhood for approximately $3 million, according to brokerage company Apartment Consultants Inc., also known as ACI.

Tease photo

UC San Diego Health Selects Nashville Firm to Run Oncology Center

UC San Diego Health system has chosen Nashville-based e+CancerCare to operate its Chula Vista radiation oncology facility.

Lodge at Torrey Pines Plans $2.5 Million Restaurant Renovation

Operators of The Lodge at Torrey Pines plan a $2.5 million renovation of the luxury resort’s casual restaurant The Grill, located adjacent to the city-owned Torrey Pines Golf Course.

Tease photo

Home Prices Increased 6 Percent in Year Ending in November

San Diego’s home prices increased 6 percent in the year ending in November, according to an index measuring housing prices, tied with Tampa as the eighth-fastest growing market.

Monday, January 25

Qualcomm Ventures Chief Reportedly Moves to Microsoft

The head of Qualcomm’s venture capital arm has apparently left to join Microsoft’s venture capital operation.

Umpqua Bank Expands San Diego Services

Portland-based Umpqua Bank on Monday said it was expanding its commercial banking services in San Diego with the hire of two former California Bank & Trust executives, on the heels of installing CB&T’s San Diego leader as its new head of commercial banking.

Tease photo

Northrop Grumman Gets One-Year, $8.2 Million Navy Contract

The U.S. Navy awarded Northrop Grumman Corp. a one-year, $8.2 million contract modification in support of the MQ-8 Fire Scout unmanned helicopter system, according to a Jan. 22 Pentagon announcement.

GA-ASI Awarded $34 Million Air Force Contract for Software

The U.S. Air Force placed a $34 million order for unmanned aircraft software with General Atomics Aeronautical Systems Inc., using research and development funds.

Work Begins on Bikeway Village Project in Imperial Beach

Developers and city officials have broken ground on Bikeway Village, a civic and commercial project in Imperial Beach catering to users of the nearby Bayshore Bikeway. City officials have said the initial development cost will be approximately $6 million.

Tease photo

James Owens Named Chief Medical Officer at Acadia Therapeutics

San Diego-based Acadia Pharmaceuticals Inc. has brought on Dr. James Owen to serve as chief medical officer and senior vice president of clinical development.

USD's MBA Program Ranked Among Top 100 Worldwide

The University of San Diego’s MBA program ranked 59th in the world, according to an annual survey from Financial Times of the top 100 programs.

EDF Renewable Energy to Power Salesforce's Texas Operation

San Diego’s wind and solar firm EDF Renewable Energy has signed an agreement with tech giant Salesforce. Under the agreement, EDF will provide Salesforce with 24 megawatts of wind energy from its Salt Fork Wind Project in Texas to power Salesforce operations.

San Diego International Airport Tops 20 Million Passengers for 2015

San Diego International Airport in 2015 served more than 20 million passengers for the first time in its 88-year history, airport officials announced.

Tease photo

San Diego County Taxpayers Association Names CEO

The San Diego County Taxpayers Association has named Haney Hong its president and CEO.

Tease photo

Sunday, January 24

Tourism Authority Launches $10 Million Spring-Summer Campaign

The San Diego Tourism Authority is launching a $10 million multimedia campaign for the spring and summer seasons, targeting several major cities in the U.S., United Kingdom and Canada.

Tease photo

Qualcomm Reportedly in Talks With a Big Pharma Company About Joint Venture

Qualcomm Inc. is reportedly in talks with the U.K. pharmaceutical company GlaxoSmithKline PLC about a joint venture.

Envision Solar Creating European Subsidiary

San Diego-based Envision Solar announced recently that it’s creating a European subsidiary to fabricate and assemble its products for the European market.

Douglas Wilson Cos. Opens New Office in Phoenix Market

San Diego-headquartered Douglas Wilson Cos., a provider of real estate services, has opened a new office in the Phoenix market, adding to existing regional offices in Las Vegas, San Francisco and Washington, D.C.

Tease photo

The Business Calendar for the Week of January 25, 2016

Some of the business events planned in the county for the week of January 25, 2016, and beyond.

S.D. County Unemployment Rate Down Slightly for December

San Diego’s unemployment rate edged downward to 4.7 percent in December, from 4.8 percent the month before, as the region’s labor force slightly contracted.

Two Financial Services Firms Unify Their SoCal Operations Into Single Business Unit

Financial services firm CBIZ MHM LLC and CPA firm Mayer Hoffman McCann PC on Jan. 20 said they were restructuring their Southern California operations, combining seven officers into a single business unit, run from San Diego.

HP Investors Buys Historic Property in the Gaslamp Quarter for $6.8 Million

HP Investors LLC of San Diego has purchased an historic Gaslamp Quarter retail and office property – originally built in 1887 as the Grand Pacific Hotel – for $6.8 million.

Tease photo

Realty Income Corp. Raises Common Stock Dividend by 5 Percent

San Diego-based Realty Income Corp. recently announced that its board of directors has approved a 5 percent increase in the company’s common stock monthly cash dividend.

Tease photo

Seacoast Commerce Banc Reports Earnings

Annual income for Seacoast Commerce Bank’s corporate parent, Seacoast Commerce Banc Holdings, reached $5.8 million last year, up 33 percent from $4.3 million in 2014.

CEO of Sharp Community Medical Group to Leave for Position in LA

Another San Diego health executive is being recruited to Los Angeles.

Friday, January 22

Realty Income Raises Common Stock Dividend by 5 Percent

San Diego-based Realty Income Corp. recently announced that its board of directors has approved a 5 percent increase in the company’s common stock monthly cash dividend.

Tease photo

Douglas Wilson Cos. Opens New Arizona Office

San Diego-headquartered Douglas Wilson Cos., a provider of real estate services, has opened a new office in the Phoenix market, adding to existing regional offices in Las Vegas, San Francisco and Washington, D.C.

Tease photo

HP Investors Buys Historic Gaslamp Quarter Property for $6.8M

HP Investors LLC of San Diego has purchased an historic Gaslamp Quarter retail and office property – originally built in 1887 as the Grand Pacific Hotel -- for $6.8 million.

Tease photo

County Unemployment Rate Is 4.7% in December

San Diego’s unemployment rate edged downward to 4.7 percent in December, down from 4.8 percent the month before, as the region’s labor force slightly contracted.

Business Calendar for Week of January 25, 2016

Some of the business events scheduled in the county for the week of January 25, 2016, and beyond.

Financial Services Firms Unify SoCal Operations

Financial services firm CBIZ MHM LLC and CPA firm Mayer Hoffman McCann PC on Jan. 20 said they were restructuring their Southern California operations, combining seven officers into a single business unit, run from San Diego.

S.D. Tourism Authority Launches $10 Million Spring-Summer Campaign

The San Diego Tourism Authority is launching a $10 million multimedia campaign for the spring and summer seasons, targeting several major cities in the U.S., United Kingdom and Canada.

Tease photo

Sharp Community Medical Group CEO to Leave for LA Position

Another San Diego health executive is being recruited to Los Angeles.

Envision Solar Is Creating European Subsidiary

San Diego-based Envision Solar announced recently that it’s creating a European subsidiary to fabricate and assemble its products for the European market.

Seacoast Commerce Banc Holdings Reports Earnings

Annual income for Seacoast Commerce Bank’s corporate parent, Seacoast Commerce Banc Holdings, reached $5.8 million last year, up 33 percent from $4.3 million in 2014.

Qualcomm Inc. in Talks With a Big Pharma Company About Possible Joint Venture

Qualcomm Inc. is reportedly in talks with the U.K. pharmaceutical company GlaxoSmithKline PLC about a joint venture.

Thursday, January 21

Patty Maysent Appointed CEO of UC San Diego Health

Patty Maysent has been named CEO of UC San Diego Health, effective immediately. She had held the position on an interim basis since former CEO Paul Viviano left in 2015 to run Children's Hospital Los Angeles.

Tease photo

J. Mark Dressel Named CFO at Kisco Senior Living

Carlsbad-based Kisco Senior Living has appointed J. Mark Dressel chief financial officer of its 21 senior living communities across the country.

Tease photo

Permanent 10,000-Seat Outdoor Venue for Symphony Proposed

After years of debates, lawsuits and postponements afflicting various waterfront projects in downtown San Diego — some of which are now being built — residents and government leaders may be ready for something a little more harmonious.

Tease photo

Lack of Supply Drives Rents Up Across Entire Market

PROPERTY: Industrial Opportunities Limited To Suburban Submarkets

Fueled by steady job growth, San Diego County’s commercial real estate scene in 2015 saw a continuation of post-recession trends including dropping vacancy rates and rising rents.

Tease photo

Anaheim Sees the Writing on the Hall, Expands

TOURISM: City Wants to Keep Carlsbad Group’s Convention

The Anaheim Convention Center is expanding its exhibit halls to 1 million square feet.

Tease photo

A Tip of the Hat to Buck Howdy for Helping Both Rady, Sleigh

A strange thing happened to Poway Mayor Steve Vaus as he waited in the green room of a local TV station to promote the 25th year of his charity Carols by Candlelight — he fell in love. Also there that day from the Helen Woodward Animal Center for his television appearance was 2-month-old Sleigh, a border collie/Labrador retriever mix.

Tease photo

ResMed Inc. Announces Results for the Second Quarter of Fiscal Year 2016

San Diego medical device maker ResMed Inc. reported net income of $90.5 million for the second quarter of fiscal 2016, down 1 percent from the same quarter the previous year.

Perfectly Tucked Away in La Jolla Is a Lovely Family Paradise

Most people who live in or visit La Jolla don’t drive through the Muirlands to get anywhere — unless, of course, you’re a resident. One of La Jolla’s largest neighborhoods, Muirlands is also among the most sought after for this very reason.

Tease photo

Former Downtown Rental Car Building Sold for $3 Million

Pacifica Cos. of San Diego has acquired a downtown building most recently occupied by Fox Rent A Car for $3 million, with plans to redevelop it as a self-storage facility, according to brokerage company ECP Commercial.

Tease photo

John Dinius Made Permanent General Manager at Sycuan Casino

Sycuan Casino named John Dinius to its general manager post permanently, the organization announced on Jan. 21.

Tease photo

Solid Ground

San Diego Market Somewhat Insulated From External Volatility

The start of 2016 had many kinds of investors reaching for the Pepto-Bismol, as the year began with a severe economic slowdown in China, a global plunge in oil prices, and widespread volatility in U.S. stock markets.

Tease photo

Emmes Adding Fitness Center at Downtown San Diego Tower

Property owner Emmes Realty Services LLC will have a new Crunch Fitness gym operating at its 701 B office tower later this year, following a $3.5 million renovation of the downtown San Diego building.

Index Finds Optimism Growing Among S.D. Businesses

Optimism among San Diego businesses rose for the first time in six months last month, as more companies look forward to rising revenue and improving business conditions in the first quarter.

El Cajon Apartment Property Sells for $2.2 Million

San Diego investors Erik and Kristyn Thompson have acquired the 16-unit Las Palmas Apartments in El Cajon for approximately $2.2 million, according to brokerage firms ACRE Investment Real Estate Services and ACI Apartments.

Tease photo

Barons Market Opening New Store in Murrieta

San Diego-based Barons Market plans a Jan. 27 opening for its new store in Murrieta, which will be the small-format grocer’s third store in southern Riverside County and its sixth overall.

Tease photo

Apartment Developer Buys Portion of Irvine’s Colton Plaza

PROPERTY: Garden Communities Is Planning Multifamily Development

San Diego-based Garden Communities of California has bought a multibuilding portion of the Colton Plaza office campus next to John Wayne Airport where the company plans to build a big multifamily project.

Great Green Fleet Gets Some Horsepower From Beef Tallow

Where’s the beef? Right now, a humble byproduct of meatpacking is powering U.S. Navy ships on a regular, seven-month deployment in the western Pacific Ocean.

Tri-City Agrees To Pay $3.3M To Settle Issue

Tri-City Medical Center, a hospital in Oceanside, has agreed to pay nearly $3.3 million in fines to resolve allegations that it violated the Stark Law and False Claims Act.

Qualcomm Forges $3 Billion Venture With Japanese Firm

TECH: Initially, S.D. Company to Have a 51% Share

Qualcomm Inc. and Japan-based TDK Corp. have agreed to form a $3 billion joint venture to provide specialized electronics for mobile devices in a deal expected to close by 2017.

Solana Beach Company Is Making Waves Around the World

SPORT: Co. Brings Surf To Malls, Resorts, Opens New Sales Channel

Where can a person surf in 85-degree water and vote in the first-in-the-nation presidential primary? It really is New Hampshire.

Tease photo

JPM: Brains, Bucks and A Whole Lot of Biotech

BIOTECH: Gathering Is Unconventional Business, Cultural Event for Sector

You’ve probably heard of CES, the yearly Consumer Electronics Show where exciting new technology — such as virtual reality headsets and self-driving cars — are announced to industry, investors and media.

Software Aims to Make the Sale for the Hospitality Sector

TECH: Multilingual Platform Turns Tablets Into Commerce Concierges

After visiting hotels and restaurants abroad and struggling with the language barrier, Samantha Urban decided to use her skills as a software engineer to build a nimble digital menu application for the hospitality industry that could translate the content into any language and drive sales.

Tease photo

Hotel Proposed at Former Site of Convention Center Expansion

REAL ESTATE: Project Requires Approval From Port, Coastal Commission

Local developers The Robert Green Co. and Fifth Avenue Landing LLC are proposing an 831-room, $270 million hotel, slated for the downtown waterfront site where an extensive expansion of San Diego Convention Center was previously proposed.

Tease photo

New Fingertip Scan Opens Up Possibilities, Closes Out Impostors

TECH: It Has Several Security Applications; Direct Touch Not Needed

Qualcomm Inc. has put ultrasound to work in a new way, to keep prying eyes out of smartphones and tablets.

Tease photo

Chargers Cloud Direction for Downtown

PROPERTY: Convention Center Decisions Still To Be Made If Team Leaves

A San Diego Chargers stadium and an expanded convention center have been seen as competing downtown priorities for the past half-decade, both struggling to gain mass support.

Tease photo

Alternative Lenders On Regulators’ Radar

FINANCE: Request for Data May Be Precursor to New Rules

California regulators are taking a closer look at marketplace lenders around the country, as online alternative lenders boom in popularity with consumers and small businesses.

Padres Pitch to Mexican Fans

SPORTS: Team Fields Efforts To Expand Mexico Fan Base

The San Diego Padres are stepping up their outreach efforts into northern Mexico, hoping to increase the fan base with games played in Mexico and an expanded bus program between Tijuana and Petco Park.

Tease photo

San Diego Tech Sector Has Image Problem

ECONOMY: Big Players Put Region in Minor Leagues

Marquee tech companies like Google and Facebook think San Diego is a dud.

Tease photo

Project Fairway

APPAREL: Company’s Fashions Play Well on the Golf Course and Off

Vivian Sayward had a problem with her golf game. It wasn’t her putting; it wasn’t her drive. It was her clothes.

Tease photo

Wednesday, January 20

Northrop Grumman Awarded $55.7 Million Air Force Contract

The U.S. Air Force awarded Northrop Grumman Corp. a one-year, $55.7 million contract modification to exercise an option on a project called BACN.

Software Provider Fragmob Secures Line of Credit

San Diego-based Fragmob said that it secured a line of credit with Santa Barbara-based Agility Capital and a banking relationship with Silicon Valley Bank.

SeaPort Airlines Discontinues Service to San Diego

SeaPort Airlines, a Portland, Ore.-based carrier with routes in eight U.S. states and Mexico, announced that it was discontinuing service to nine destinations in California and Mexico, including San Diego.

San Diego Business Journal Opens Nominations for Healthiest Companies Award

One of the San Diego Business Journal’s most popular awards program has launched. Nominations for the Healthiest Companies Awards are open and the Journal will be accepting entries through April 10.

LoanHero Secures $2.5 Million in Seed Funding

LoanHero Inc., an online lender that partners with merchants to offer financing at the point of sale, said on Wednesday it had secured $2.5 million in seed funding, adding to the $1.7 million it raised last summer.

Economist Predicts 'Tepid' Growth For Region in 2016

San Diego should prepare for a year of “tepid” growth, according to an economic forecast released Wednesday by the National University System Institute for Policy Research.

AmpliPhi Biosciences Corp. Names Steve Martin CFO

AmpliPhi Biosciences Corp., a biotechnology company focused on the development and commercialization of novel bacteriophage-based antibacterial therapeutics, announced Steve R. Martin will be its new chief financial officer.

Portland Firm Buys El Cajon Industrial Park for $29.8 Million

Harsch Investment Properties of Portland, Ore., recently purchased a six-building industrial park in El Cajon for approximately $29.8 million, according to the buyer and CoStar Group data.

Tease photo

Tuesday, January 19

Cybersecurity Firm iboss Names Five Senior Executives

San Diego-based iboss Cybersecurity announced five senior management hires to oversee sales and products, in the wake of taking in $35 million in series A funding. The business said it would like to grow globally.

France Buys Predator B From GA-ASI in Deal Worth $43.7 Million

France is buying its second MQ-9 Predator B system from Poway-based General Atomics Aeronautical Systems Inc., according to a Pentagon contract announcement.

TEAL Electronics Merges With MTE Corp.

MTE Corp., a designer and manufacturer of power solutions for commercial and industrial applications, is merging with Sorrento Valley-based TEAL Electronics Corp., a developer of power solutions for OEM markets.

Millennium Health Announces Board of Directors

Millennium Health, the drug-testing firm that emerged from bankruptcy last month after a $256 million settlement with federal prosecutors, on Tuesday announced the creation of its new board of directors.

PGA Tour Announces Lineup For Executive Women’s Day

The PGA Tour announced that it will host its first of 20 Executive Women’s Day programs at the Farmers Insurance Open at Torrey Pines Golf Course on Jan. 27.

Carlsbad Apartment Property Sold for $3.24 Million

San Diego investor Jing Zeng has acquired the nine-unit Centella Apartments in Carlsbad for approximately $3.24 million, according to brokerage company Marcus & Millichap.

Tease photo

Organovo Holdings CFO Barry Michaels Announces Retirement

Organovo Holdings Inc., a San Diego-based 3D bioprinting firm, announced that Chief Financial Officer Barry Michaels will retire at the end of the fiscal year in March. The company will launch an immediate search for his replacement.

Scripps Ranch Business Park Sells for $6.12 Million

Locally based Sunwood Ventures has purchased El Dorado Business Park in Scripps Ranch for approximately $6.12 million, according to brokerage company Cushman & Wakefield.

Tease photo

Monday, January 18

Rams Owner Kroenke Borrowing $1 Billion to Finance Stadium Project

Los Angeles Rams owner Stan Kroenke is borrowing roughly $1 billion from JPMorgan Chase & Co. to finance his planned stadium project in Inglewood scheduled for a 2019 opening, according to SportsBusiness Daily.

Marines, Navy to Kick Off 'Green Fleet Week' Initiative

Secretary of the Navy Ray Mabus and Secretary of Agriculture Tom Vilsack will be in Coronado Jan. 20 as the U.S. Navy and U.S. Marine Corps kick off their ‘Great Green Fleet’ initiative.

Qualcomm Forms $280 Million Joint Venture with Chinese Province

Qualcomm Inc. has entered a joint venture with the Chinese province of Guizhou to design and sell advanced server chipsets in China.

Historic Bankers Hill Building to Become Affordable Senior Apartments

LISC San Diego, a community development support organization, has made a $5.8 million loan to Housing Development Partners (HDP), to finance acquisition and closing costs for a planned $16.4 million renovation of the historic New Palace Hotel apartment property in Bankers Hill.

Tease photo

Rancho Bernardo Office Building Sold for $2.1 Million

Locally based WeMo Holdings LLC, which operates as Axis Medical Technologies, has purchased the Madera Plaza office building in Rancho Bernardo for $2.1 million, according to brokerage company Colliers International.

Tease photo

San Diego Apartment Property Sold for $14 Million

A New York City buyer recorded as College Grove 6410 LLC has acquired a 45-unit apartment property in eastern San Diego for $14 million, according to CoStar Group and public data.

Tease photo

Sunday, January 17

Hotel Proposed at Site of Scuttled Convention Center Expansion

Local developers The Robert Green Co. and Fifth Avenue Landing LLC are proposing an 831-room, $270 million hotel, slated for the downtown waterfront site where an extensive expansion of San Diego Convention Center was previously proposed.

Tease photo

Ignyta Inc. Is Relocating Its Headquarters to BioMed Realty Property at UTC

San Diego-based BioMed Realty Trust Inc. has fully leased two buildings at its recently acquired Axiom office property in University Towne Center to biotech firm Ignyta Inc., which will relocate its headquarters from Sorrento Valley by fall 2016.

Tease photo

MindTouch Inc. Raises $12M in Series A Round

MindTouch Inc. raised $12 million in a Series A round, company officials announced Jan. 14.

Westcore Properties Buys Phoenix Industrial Building for $10.2 Million

San Diego-headquartered Westcore Properties has purchased a Phoenix industrial building for $10.2 million, marking a return to that market after a short hiatus, the company announced.

Tease photo

Novatel Restructures Its Deal for Acquisition of Feeney

San Diego-based Novatel Wireless Inc. restructured its deal to acquire Oregon-based Feeney Wireless, offering details in a Jan. 11 securities filing.

The Business Calendar for the Week of January 18, 2016

Some of the business events planned in the county for the week of January 18, 2016, and beyond.

Tri-City Agrees to Pay $3.3 Million in Fines to Settle Allegations Over Medicare Billing Procedures

Tri-City Medical Center, a hospital in Oceanside, has agreed to pay nearly $3.3 million in fines to resolve allegations that it violated the Stark Law and False Claims Act.

Friday, January 15

Hotel Proposed for Site of Scuttled Convention Center Expansion

Local developers The Robert Green Co. and Fifth Avenue Landing LLC are proposing an 831-room, $270 million hotel, slated for the downtown waterfront site where an extensive expansion of San Diego Convention Center was previously proposed.

Tease photo

Ignyta Relocating HQ to BioMed Realty Property at UTC

San Diego-based BioMed Realty Trust Inc. has fully leased its recently acquired Axiom office property in University Towne Center to biotech firm Ignyta Inc., which will relocate its headquarters from Sorrento Valley.

Tease photo

Westcore Properties Buys Industrial Building in Phoenix for $10.2 Million

San Diego-headquartered Westcore Properties has purchased a Phoenix industrial building for $10.2 million, marking a return to that market after a short hiatus, the company announced.

Tease photo

Business Calendar for Week of January 18, 2016

Some of the business events planned in the county for the week of January 18, 2016, and beyond.

Tri-City Agrees to Pay $3.3M in Fines to Settle Allegations Concerning Medicare Billing Procedures

Tri-City Medical Center, a hospital in Oceanside, has agreed to pay nearly $3.3 million in fines to resolve allegations that it violated the Stark Law and False Claims Act.

Thursday, January 14

Jeffrey Henderson Named to Qualcomm Board of Directors

Making good on a pledge to activist shareholder Jana Partners, Qualcomm Inc. named Jeffrey W. Henderson to its board of directors on Jan. 12.

Local Shoes With Heart Acquired by Elsey Enterprises

Elsey Enterprises and its brand, Funds2Orgs, recently acquired San Diego-based Shoes with Heart, a shoe drive fundraising company, to expand and gain market share in the company’s industry.

National City Mixed-Use Complex Sells for $22 Million

A buyer listed as Haborview Partners LLC has acquired Harborview, an 81-unit, mixed-use apartment complex in National City for $22 million, according to brokerage company CBRE Group Inc.

Tease photo

Mercado del Barrio Adds New Commercial Tenants

Mercado del Barrio, a mixed-use apartment and retail development in San Diego’s Barrio Logan neighborhood, recently added several new commercial tenants.

Tease photo

Mirum Agency Partners with Rady School’s Center for Business Analytics

The Rady School of Management at UC San Diego announced that its Center for Business Analytics will partner with the Mirum Agency.

Renova Therapeutics Names Richard McCloskey Executive VP of Clinical Development

Renova Therapeutics, a San Diego-based gene therapy company, announced Thursday that it has recruited Dr. Richard 'Mac' McCloskey to be executive vice president of clinical development.

Tease photo

San Diego's Workforce Not as Educated as its Peers, Study Shows

San Diego’s workforce may not be as educated as its peers, but it’s catching up quickly.

Gainful Employment Regulations Need Balance

Throughout the San Diego region, we rely on various services to be available to us.

Tease photo

Habitat, Sempra Team Up to Build Veteran A New House

The San Diego Regional Fire Foundation presented $177,000 in grants to 10 San Diego County fire agencies that provide protection and emergency response.

Tease photo

Storix’s Intellectual Property Case Is One Worth Studying

Fish & Richardson has been named to the National Law Journal’s (NLJ) “2015 Appellate Hot List” as one of 20 firms that “represent appellate advocacy at its strongest — winning the big cases and changing the law.” This is the fifth time that Fish has been named to the Appellate Hot List.

Credit Unions Deal With Costs, Challenges of Dodd-Frank Act

FINANCE: It’s Too Early To Tell Overall Impact Act Will Have on Sector

Credit unions are facing higher compliance costs and may be cutting back on some types of mortgage lending in the face of 2010’s Dodd-Frank Act, but regulators say it may be years before the full cost of the law is known, according to a report late last month from the U.S. Government Accountability Office.

A New Client Culture

With Half of Hispanics Underbanked, Credit Unions Work to Be More Welcoming

Credit unions have an opportunity to make major inroads into the Hispanic community if they work to understand Hispanic culture and make it easier for first-generation immigrants to become members, a panel organized by federal regulators said.

Tease photo

Apple Doesn’t Want You to Hide Your Emotions, Buys Emotient

San Diego software writer Emotient is now part of Apple Inc. Word leaked out in early January that the Cupertino behemoth bought the local business for undisclosed terms.

Tease photo

Executive Q&A Tristan Grimbert, President/CEO EDF Renewable Energy

Despite doomsday headlines for all things “clean-tech,” Tristan Grimbert says renewable energy is anything but dead — and he has a client list to prove it.

Tease photo

Platform Makes a Valuable Contribution to Nonprofit Efforts

TECH: Classy’s SaaS Handles the Cash and Helps Organize Operation

Classy, an online fundraising platform for nonprofits, is moving from a peer-to-peer platform to a more comprehensive model that allows social impact organizations to run every aspect of their businesses more efficiently.

Tease photo

Sharp Grossmont Completes $41M Renovation on East Tower

Sharp Grossmont Hospital’s East Tower is officially open for business following the completion of a three-year, $41 million renovation.

Tease photo

Marijuana Legalization Would Have Impact on Land Use

PROPERTY: Forum Examined Space Demands, Regulatory and Fiscal Effects

It’s by no means a sure thing that Californians will vote to follow the example of states like Colorado and Washington and legalize the sale of marijuana beyond medical uses.

Nanoparticles Are the ‘Special Forces’ of Problem Solving

TECH: Resilient Resources Employed For Variety of Missions

Nanoparticles don’t behave like the common person, place or thing that is visible to the naked eye.

Cubic Acquisitions Boost Defense Side

DEFENSE: Co. Expects to Double C4ISR Sales in ’17

Cubic Corp. has been on an acquisition spree, snapping up three businesses including an Alabama company whose satellite dishes look like gigantic beach balls. The purchases, however, aren’t mindless. Nor are they fun and games.

Tease photo

Despite Optimism, Cos. Wary to Invest

ECONOMY: Experts Forecast Healthy Year, Lower Confidence

San Diego appears set for a healthy 2016, though potential drags in some sectors deserve close attention of business leaders. That was the prevailing message Jan. 7 at the San Diego Business Journal’s annual Economic Trends panel. The event featured a series of talks from industry experts in banking, employment, health care, insurance, tax and commercial real estate.

Biz Taps a Rich Vein: Hangover Sufferers

SERVICE: I.V. Society’s Product Is Rehydration

It’s not uncommon for those who enjoy San Diego’s craft beer and beach nightlife to drink too much. Visiting conventioneers, vacationers and wedding parties are particularly prone to excess (let’s call it the “carpe diem effect”).

Tease photo

NFL Decision Gives Bolts Option to Stay

SPORT: Will ‘New Chapter’ Be Same Story or Fresh Start?

City and county officials say San Diego has the opportunity for a “fresh start” in its quest to keep the San Diego Chargers in town after NFL owners voted down the team’s proposed relocation to the Los Angeles suburb of Carson.

Tease photo

Trade Route

ECONOMY: WTCSD Is Back Mapping a Strategy For International Commerce

World Trade Center San Diego, a nonprofit whose income stream dried up several years ago, has been reborn as an arm of the San Diego Regional Economic Development Corp., with aims to supercharge the region’s efforts to play a larger role in global trade.

Tease photo

Wednesday, January 13

Organovo Subsidiary Samsara Launches Commercial Operations

San Diego’s 3D bioprinting firm Organovo Holdings, Inc. announced Wednesday that its subsidiary Samsara Sciences Inc. has officially launched commercial operations.

Qualcomm Moves up to No. 4 for Number of Patents Issued in 2015

Qualcomm Inc. nabbed the No. 4 spot on IFI Claims’ ranking of top patent recipients for 2015, with 2,900 patents.

San Diego Business Journal Calls for Nominations for “CFO of the Year”

Nominations for the San Diego Business Journal’s “2016 CFO of the Year Award” are open.

City Aims to Restart Talks as NFL Leaves Chargers’ Fate in Limbo

City and county officials said San Diego now has the opportunity for a “fresh start” in its quest to keep the San Diego Chargers in town after NFL owners voted down the team’s proposed relocation to the Los Angeles suburb of Carson.

Andrew Meyer Named CEO at Financial Fitness Group

Financial education software company Financial Fitness Group announced Andrew Meyer would replace co-founder Joe Saari as CEO.

Carlsbad Office Building Sells for $11 Million

CM Management Services of Del Mar has purchased the Palomar Corporate Center office building in Carlsbad for $11 million, according to brokerage company Cushman & Wakefield.

Tease photo

Qualcomm Inc., Japan-Based TDK Corp. to Form $3B Joint Venture

Qualcomm Inc. and Japan-based TDK Corp. have agreed to form a $3 billion joint venture to provide specialized electronics for mobile devices in a deal expected to close by 2017.

Apricus Biosciences to Raise $10 Million From Stocks, Warrants Offering

San Diego-based Apricus Biosciences Inc. announced that it has entered into agreements to raise $10 million in a registered direct offering of stocks and warrants.

Tuesday, January 12

Airport Plans Jan. 20 Opening for New Rental Car Center

San Diego International Airport operators plan a Jan. 20 opening for the newly completed, $316 million consolidated rental car center, which will initially house the operations of 14 rental car brands in one facility.

Tease photo

McMillin Realty Sold to Better Homes and Gardens Franchisee

Chula Vista-headquartered McMillin Realty, a South County-focused residential brokerage firm, has been sold for an undisclosed price to a Los Angeles franchisee of Better Homes and Gardens Real Estate.

Tease photo

Otonomy Inc. Announces Close of $115 Million Public Offering

San Diego drug developer Otonomy Inc. announced Jan. 12 the closing of its $115 million public offering of stock.

Qualcomm Declares Quarterly Dividend

Qualcomm Inc. declared a 48 cent per share quarterly cash dividend on Jan. 12.

Aptus Court Reporting acquires Brunson Court Reporters

Aptus Court Reporting announced its acquisition of Brunson Court Reporters Jan. 12 to help with the company’s continued global expansion efforts.

Tease photo

Imperial Beach Apartments Sold for $14.5 Million

Walz Properties of San Diego has acquired a portfolio of Imperial Beach apartment properties totaling 87 units for $14.5 million, according to brokerage company Marcus & Millichap.

Tease photo

Northrop Grumman Gets $8M Navy Contract Modification

The U.S. Navy awarded Northrop Grumman Corp. a one-year, $8 million contract modification, exercising an option for software sustainment services for one of its unmanned helicopter systems.

Petco Will Host Billy Joel's Only California Concert in 2016

Billy Joel will perform at Petco Park in May, the Padres said Jan. 12, his first San Diego Concert in 15 years.

Monday, January 11

San Diego-Based Software Writer Emotient Acquired by Apple Inc.

Apple Inc. bought San Diego-based software writer Emotient, the Wall Street Journal reported on Jan. 7. Terms of the deal were not disclosed.

Commercial Real Estate Services Firm Opens San Diego Office

Main + Main Inc., a Santa Monica-based provider of commercial retail real estate services, has established a new branch office in San Diego, headed by Executive Director Mike Clark.

Tease photo

Welk Resorts Opens New Fitness Center at Escondido Property

Locally based Welk Resorts has opened a new $2.6 million fitness center at its Escondido property, located at 8860 Lawrence Welk Drive.

Tease photo

Marvin Malecha to Lead NewSchool of Architecture and Design

Marvin Malecha has been named president and chief academic officer of the NewSchool of Architecture and Design in downtown San Diego.

Tease photo

Merrit Strunk Named Chief Marketing Officer at Asset Marketing Services

Asset Marketing Systems on Monday said it had hired Merrit Strunk as its new chief marketing officer.

Tease photo

Gelson’s Opening First San Diego County Store in Del Mar

Encino-based Gelson’s Markets plans a Jan. 14 opening for its first San Diego County store, located at 2707 Via De La Valle in Del Mar.

Tease photo

Illumina Forms Company to Develop Blood Test for Cancer

San Diego-based Illumina, the world’s largest maker of DNA sequencing machines, said Sunday that it was forming a company to develop a blood test that can detect any kind of cancer at an early stage.

Medical Device Maker ResMed Buys Austin-Based Inova Labs

San Diego medical device maker ResMed announced Monday that it will buy Inova Labs of Austin, Texas.

Sunday, January 10

Cohu's Headquarters Building in Poway Sells for $34 Million

CT Realty of Aliso Viejo has purchased a Poway industrial building housing the headquarters of Cohu Inc. for approximately $34 million, according to brokerage company CBRE Group Inc.

Tease photo

Laurie Coskey Elected to Chair Convention Center Corp. Executive Board

Rabbi Laurie Coskey has been elected to chair the board of directors of the San Diego Convention Center Corp.

Tease photo

Oceanside-Based Industry Armament Acquires Predator Tactical

Oceanside-based Industry Armament said on Jan. 7 that it acquired Scottsdale, Ariz.-based firearm maker Predator Tactical for undisclosed terms.

San Diego Firm Buys South Carolina Apartments for $10.1 Million

San Diego-based The Hampstead Cos. has acquired two apartment properties in Columbia, S.C., totaling 388 units for approximately $10.1 million.

Tease photo

The Business Calendar for the Week of January 11, 2016

Some of the events planned in the county for the week of January 11, 2016, and beyond.

Source Intelligence Gets $17.5 Million in Funding

Source Intelligence, a Carlsbad company that takes a particular interest in its clients’ supply chains, received $17.5 million in funding from Kayne Partners.

Airgain Inc. to Acquire the North American Assets of SkyCross Inc.

Carmel Valley-based antenna specialist Airgain Inc. said on Jan. 6 that it signed a definitive agreement to acquire the North American assets of SkyCross Inc.

Vista Industrial Buildings Get New Owners

Two Vista industrial properties recently changed hands in separate deals, including Carlsbad-based First Driftwood Trust’s purchase of a 24,400-square-foot facility for $3.9 million.

Tease photo

Median Price of Resale Homes In County Increased 6% in 2015

The median price of previously owned San Diego homes rose 6 percent in 2015, according to the Greater San Diego Association of Realtors, a steady pace after higher growth earlier in the housing market’s recovery.

Abide Therapeutics Appoints Chan Beals as Chief Medical Officer

San Diego-based Abide Therapeutics announced the appointment of Dr. Chan Beals as chief medical officer.

Friday, January 8

Coskey Elected to Chair Convention Center Corp. Executive Board

Rabbi Laurie Coskey has been elected to chair the board of directors of the San Diego Convention Center Corp.

Tease photo

Industrial Buildings Get New Owners

Two Vista industrial properties recently changed hands in separate deals, including Carlsbad-based First Driftwood Trust’s purchase of a 24,400-square-foot facility for $3.9 million.

Tease photo

Cohu Headquarters Building in Poway Sells for $34 Million

CT Realty of Aliso Viejo has purchased a Poway industrial building housing the headquarters of Cohu Inc. for approximately $34 million, according to brokerage company CBRE Group Inc.

Tease photo

Business Calendar for Week of January 11, 2016

Some of the business events planned in the county for the week of January 11, 2016, and beyond.

Local Firm Buys South Carolina Apartments for $10.1 Million

San Diego-based The Hampstead Cos. has acquired two apartment properties in Columbia, S.C., totaling 388 units for approximately $10.1 million.

Tease photo

Abide Therapeutics Appoints Beals as Chief Medical Officer

San Diego-based Abide Therapeutics announced the appointment of Dr. Chan Beals as chief medical officer.

Source Intelligence Gets $17.5M in Funding

Source Intelligence, a Carlsbad company that takes a particular interest in its clients’ supply chains, received $17.5 million in funding from Kayne Partners.

Industry Armament Acquires Arizona Firearm Maker

Oceanside-based Industry Armament said on Jan. 7 that it acquired Scottsdale, Ariz.-based firearm maker Predator Tactical for undisclosed terms.

Thursday, January 7

Financing, Land Deals Completed for Little Italy Projects

Financing and land transactions were recently completed for three previously announced projects in downtown San Diego’s Little Italy neighborhood, according to brokers and developers.

Tease photo

Spring Valley Apartment Property Sold for $6.9 Million

Cypress Santa Ana LLC of Orange County has acquired the 44-unit Helix Square apartment property in Spring Valley for $6.9 million, according to brokerage company Marcus & Millichap.

Tease photo

Shannon Stewart Joins Executive Team at Affinity Sports

Affinity Sports, a software service provider for soccer associations, said Thursday it had appointed Shannon Stewart as its new vice president for customer success, leading the company’s sales and customer support operations.

American Institute of Architects' San Diego Chapter Announces Board of Directors

The American Institute of Architects’ (AIA) San Diego chapter announced its 2016 board of directors, with Daniel Stewart from RJC Architects Inc. being named the group's new president.

Tease photo

Living Coast Starting $300,000 Turtle Exhibit Renovation

Living Coast Discovery Center is set to begin work by week’s end on a $300,000 enhancement of its Turtle Lagoon exhibit in Chula Vista.

Tease photo

Survey: California Contractors Expect to Expand Workforce

A survey released Wednesday showed that 74 percent of California contractors expect to increase their headcount, but continue to have a hard time finding qualified workers.

Dickinson Cameron Construction Announces New VPs

Carlsbad-based Dickinson Cameron Construction recently promoted two executives to vice president roles: Ron Gordines and Maryam Samady.

Oceanside Retail Property Sells for $11.5 Million

Focus Real Estate Services LLC has purchased an Oceanside retail property for approximately $11.5 million, according to brokerage company Colliers International.

Tease photo

Software Is Taking the Pain Out of Those Delivery Windows

TECH: It Optimizes Route, Puts Customer In Contact With Driver

It’s the four-hour window that consumers know all too well. When will the plumber show up? When will the furniture people deliver the couch? Sometime between 1 p.m. and 5 p.m. or in some similar stretch of time better spent doing something else.

Tease photo

Pierce Ranks in Top 15 for Cos. Providing Student Housing

PROPERTY: Much of Its $400M Portfolio Has Been Acquired in Recent Years

College student housing has graduated from its former niche status within U.S. apartment investing, as large buy-and-hold institutional players plow capital into the sector in pursuit of steady income.

Tease photo

Executive Q&A Sara Radcliffe, President/CEO California Life Sciences Association

A two-year suspension of the medical device tax was signed into law late last month, to the delight of the industry and life science associations.

Tease photo

Sequenom to Cut 110 Jobs, Cease North Carolina Operations

San Diego diagnostic maker Sequenom Inc. announced Thursday that it will cut 110 jobs, or about 20 percent of its workforce, and divest its North Carolina operations.

Hotel Tax Hike Backers Switch Focus to November Ballot

SPORTS: Chargers File Formal Application To Move to Los Angeles

San Diego supporters of an initiative to raise the city’s hotel tax to fund potential projects, including a convention center expansion or San Diego Chargers stadium, will delay submission of signatures in order to qualify the measure for the November 2016 ballot, rather than the previously targeted June 2016 election.

In the Cracker Business, Logistics Can’t Be Half-Baked

RETAIL: Milton’s Targets Health-Conscious Customers With Offerings

Milton’s Baking Co., a local gourmet cracker and bread company, has expanded distribution of its new gluten-free cracker line into over 6,000 stores nationwide. It took 18 months to achieve this level of distribution, and the company’s top executives credited its network of “co-packers” across the country that work with Milton’s to make and deliver its product line.

Tease photo

Institute and Company to Form Accelerator

BIOTECH: HTL Life Plans to Raise $40M For Venture Fund

The La Jolla Institute for Allergy and Immunology has established a joint venture with San Diego’s HardTech Labs to fund and fuel startups focused on health and technology.

Tease photo

Device Gives Cat Owners the Scoop on Their Pets’ Health

TECH: When Nature Calls, Wireless Device Does Its Business

A decade after losing his 7-year-old feline companion, Alex Treiner is ready to begin manufacturing and distributing a device he says would have warned him of his late cat’s illness and could save the lives of other pets.

Tease photo

Northrop to Design, Build Unusual Drone for the Navy

It is equal parts flying wing and helicopter, with a liberal dose of imagination wrapping those elements into one.

Tease photo

Wealth Management Faces Familiar Obstacles in 2016

FINANCE: Eyes Are On Fiduciary Rule, Use of Robo Advisors

This year is shaping up to be more of the same for wealth management firms, with new regulations still on the horizon, asset allocation software steadily rising in popularity and interest rates below historical norms.

Opportunities Abroad

FINANCE: Reilly Financial Sees Expat Community Needing Its Services as The Investment Picture Gets More Complicated

Just before New Year’s Day, Swiss bank and wealth manager Julius Baer said it planned to pay $547 million to settle U.S. prosecutors’ allegations it helped Americans evade taxes. Frank Reilly, president of La Mesa-based Reilly Financial Advisors (RFA), saw the news as yet another development pushing Americans living abroad toward firms like his, which specialize in expatriate accounts.

Tease photo

Newmark Grubb Knight Frank Builds Local Retail Team

Consolidation and broker affiliation switches have become the norm in the commercial real estate brokerage business, and 2016 has appropriately begun with key changes impacting one firm’s San Diego operations.

Tease photo

Distillers Act Gives Craft Spirits an Opening

BEVERAGES: Changes May Help Sales and Expansion

With a little help from a crowdfunding campaign — and much more from California’s newly enacted Craft Distillers Act of 2015 — Michael Skubic is anticipating a turbo-charging of business for his small San Diego distilling company and upcoming cocktail bar in 2016.

Tease photo

Qualcomm Talks Cars, Meds and More at CES

TECH: Co. Looking to Turn Corner, Go Beyond Phones

When you hear about cloud computing coming to your automobile, thank Qualcomm Inc.

Tease photo

Creating A World View

TECH: Platform’s Data Paints Clear Picture of Local and Global Events

Tech startup RippleNami Inc. has developed a cloud-based, map-making tool that could significantly improve the way relief agencies, corporations and governments monitor and respond to global events.

Tease photo

Co. Matches Expertise And Entrepreneurship

TECH: Ideator’s Platform Is About Helping Startups

Dozens of incubators and accelerators have emerged in San Diego’s maturing startup scene to help businesses get off the ground. But many applicants to these programs are rejected, leaving an underserved market of aspiring entrepreneurs looking for help.Silicon Valley tech executive and startup consultant Carter Wigell thinks there’s more to be done in the local innovation sector, which is why he launched his newest venture here in San Diego. His company, called Ideator, has created a technology platform and website that connects startups with advisers and resources.

Tease photo

Officials Say Free Ride Program Should Pay Off

SERVICE: Downtown Service Addresses Needs

Civic San Diego, the city’s downtown project oversight agency, is finalizing details for a service that will use electric vehicles — big enough for five passengers and a driver — to transport riders among all of downtown’s neighborhoods within the city’s designated parking district.

Tease photo

Grand Architecture Gives Mission Hills a View of the Past

A walk along the tree-lined sidewalks of the meandering streets in Mission Hills is like going back in time. Close your eyes for a moment and you might think you hear the sound of a streetcar rattling up the hill.

Tease photo

Serving Seniors’ Generosity Won’t Be Stopping at 10 Million

Serving Seniors, a local nonprofit dedicated to helping seniors in poverty live healthy and fulfilling lives, served its 10 millionth meal with the help of San Diego Mayor Kevin Faulconer and county Supervisor Ron Roberts. Forty percent of San Diego seniors have to choose between rent and food due to ongoing state and federal budget cuts, according to the nonprofit. The nonprofit provides nearly 600,000 meals each year to its clients, as well as delivers “wrap-around” wellness services, to take care of senior health, mental health, advocacy and housing needs.

Tease photo

San Diego a Pacesetter for Clean Energy Future

Clean energy is on a roll. This summer, President Obama launched the EPA’s Clean Power Plan to clean up America’s aging fleet of power plants, the largest contributor to our nation’s greenhouse gas emissions.

Wednesday, January 6

Company Introduces Robotic Dog at Consumer Electronics Show

A company with ties to San Diego has brought a robotic dog to CES 2016, the big consumer electronics show in Las Vegas.

Tease photo

XCom Global Launches New Mobile Hotspot

XCom Global Inc., a Japanese company with its U.S. headquarters in San Diego, announced the April launch of a new mobile hotspot, which won a CES Innovation Award at the consumer electronics trade show in Las Vegas.

Reuben Shaw Tapped to Lead Salk Cancer Center

The Salk Institute announced that Reuben Shaw has been appointed director of the Salk Cancer Center.

Tease photo

Downtown San Diego Land Parcel Sells for $15 Million

A buyer recorded as ALTA 1919 Holdings LLC has purchased a multi-family-zoned land parcel in downtown San Diego for $15 million, according to brokerage company Colliers International.

Tease photo

Apartments in Oceanside Sell for $4.75 Million

Investors Lawrence and Laura Cohen have purchased the 25-unit Hillsborough Apartments in Oceanside for $4.75 million, in an all-cash deal, according to brokerage company ACRE Investment Real Estate Services.

Tease photo

San Diego-Based Engineering Firm Acquires Talentscale, LLC

Local engineering firm Southern California Soil and Testing, Inc. (SCST) recently acquired Talentscale, LLC, a service-disabled, veteran-owned firm in Temecula.

Millimaki Eggert Acquired by CBIZ, Mayer Hoffman

Local tax firm Millimaki Eggert LLP was bought and split between Cleveland-based CBIZ Inc. and Kansas City-based Mayer Hoffman McCann PC effective Jan. 1, the companies said Tuesday.

National University Names David Andrews Its New President

David W. Andrews has been named president of National University, effective April 1.

Tease photo

Tuesday, January 5

Andrew Viterbi Awarded Draper Prize for Engineering

Recognizing his work on a groundbreaking piece of software, the National Academy of Engineering awarded Andrew J. Viterbi the 2016 Charles Stark Draper Prize for Engineering.

Tease photo

Otonomy Inc. Announces $100 Million Public Offering of Common Stock

San Diego drug developer Otonomy Inc. announced Tuesday that it has commenced a $100 million public offering of its common stock.

Chargers Submit Formal Application for LA Relocation

As many expected, owners of the San Diego Chargers have submitted a formal application to the National Football League, seeking to relocate the team to Los Angeles.

NuVasive Inc. to Acquire Ellipse Technologies in $410 Million Deal

San Diego medical device maker NuVasive Inc. announced Tuesday that it will acquire Aliso Viejo-based Ellipse Technologies Inc. in a deal worth $410 million.

National City Senior Apartment Property Sells for $14.9 Million

Santa Barbara-based Highland Partners has acquired the 151-unit Southern Highlands senior apartment complex in National City for $14.9 million, according to brokerage company Sperry Van Ness Asset Advisory Group.

Tease photo

Kearny Mesa Industrial Building Sold for $4.62 Million

An Anaheim-based buyer recorded as Winchester Temecula LLC has acquired a Kearny Mesa industrial property for approximately $4.62 million, according to CoStar Group and public data.

Tease photo

Pathway Genomics, GlySens Announce Funding

Two San Diego life science firms announced funding Tuesday: Pathway Genomics Corp. pulled in $40 million in a Series E round and GlySens Inc. raised $20 million in a Series D round.

Downtown Office Tower Part of $704 Million Purchase Deal

The downtown San Diego office tower known as First Allied Plaza is part of an 11-property, multi-state portfolio acquisition by the New York State Common Retirement Fund, valued at approximately $704 million.

Tease photo

Ionis Pharmaceuticals Granted Orphan Drug Designation for Huntington's Disease Drug

Ionis Pharmaceuticals, formerly Isis Pharmaceuticals, announced that the U.S. Food and Drug Administration has granted Orphan Drug Designation to IONIS-HTTRx for the treatment of patients with Huntington’s disease.

Monday, January 4

Hal Dunning Promoted to President at Barney & Barney

Hal Dunning has been promoted to the additional role of president at Barney & Barney, a Marsh & McLennan Insurance Agency LLC company, the firm announced on Monday. Dunning maintains his role as chief operating officer, which he has held since 2006.

Tease photo

Cubic Corp. Awarded Three-Year, $15 Million Contract

Cubic Corp. said Jan. 4 that it won a three-year, $15 million task order to support U.S. Army Training and Doctrine Command exercises. Under the deal, Cubic (NYSE: CUB) will help plan, prepare and execute activities as well as provide after-event assessment.

Kratos Announces Executive Appointments, Contract Award

Kratos Defense & Security Solutions Inc. said on Jan. 4 that it named Marie Mendoza vice president and general counsel. Mendoza replaces Deborah S. Butera, who left the company in September.

Risner to Lead Local Chapter of American Society of Landscape Architects

The San Diego Chapter of the American Society of Landscape Architects has elected Richard Risner as the president for 2016.

Tease photo

Bay Club Carmel Valley Completes $3.2 Million Renovation

The Bay Club Co. of San Francisco has completed a $3.2 million renovation of its Bay Club Carmel Valley fitness and spa venue, at 12000 Carmel Country Road.

Tease photo

Local Firm Acquires Georgia Office Buildings for $9.1 Million

Versant Commercial Brokerage Inc. of San Diego has acquired two Georgia office buildings for $9.1 million, the company announced.

Software Cos. Leveraging Cloud-Based Service Models

TECHNOLOGY: SaaS Platforms are Expanding In Size, Scope of Offerings

Software as a service (SaaS) companies are characterized by low barriers of entry, low-cost startups and quick growth, a business model attractive to investors. In San Diego, these companies may fly under the radar, but some in the industry say that’s about to change.

Tease photo

AntiCancer Inc. Developing New Method of Hair Transplantation

San Diego-based AntiCancer Inc. announced Monday it is developing a new approach to hair transplantation using cryopreserved hair follicles.

Halozyme Announces $150 Million Credit Agreement to Fund Phase 3 Study

Halozyme Therapeutics Inc. announced Monday that it has entered into a $150 million credit agreement to fund the start of its Phase 3 study in pancreatic cancer.

Sunday, January 3

San Diego Hotel Tax Hike Backers Switch Focus to November 2016 Ballot

San Diego supporters of an initiative to raise the city’s hotel tax, to fund potential projects including a convention center expansion or Chargers stadium, will delay submission of signatures in order to qualify the measure for the November 2016 ballot, rather than the previously targeted June 2016 election.

NATO Version of Global Hawk Makes First Flight

Northrop Grumman Corp. announced Dec. 19 that its NATO Alliance Ground Surveillance Aircraft — a variation of the Global Hawk unmanned aircraft — made its first flight.

Tease photo

Tickets Still Available for SDBJ’s 2016 Economic Trends Event on Jan. 7

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

County Construction Starts Down 23% through November

San Diego County’s construction starts dropped 23 percent in value from a year ago, totaling approximately $2.87 billion in the first 11 months of 2015, according to the latest monthly figures from Dodge Data & Analytics.

Tease photo

The Business Calendar for the Week of January 4, 2016

Some of the business events planned in the county for the week of January 4, 2016, and beyond.

Best Western Hotel in La Mesa Sells for $12.4 Million

Anaheim-based Fortune Hospitality LLC has acquired the 78-room Best Western Plus hotel in La Mesa for $12.4 million, according to CoStar Group and brokerage company Atlas Hospitality Group.

Tease photo

Soltek Pacific Construction Receives Navy Task Order Worth $16.7M

Soltek Pacific Construction Co. received a U.S. Navy task order worth $16.7 million, the Pentagon announced Dec. 30.

CatalystFive to Rebrand as Postings.com

Mingle LLC has acquired Postings.com and will be rebranding its talent acquisition platform from CatalystFive to Postings.com, Mingle CEO Mike O’Brien announced.

Inception IBD Inc. Raises $6.9M in Equity Financing

San Diego-based Inception IBD Inc. has raised $6.9 million in equity financing, according to a recent form filed with the Securities and Exchange Commission.

Ansun Biopharma Raises $4M in Equity Financing

Ansun Biopharma Inc., formerly known as NexBio Inc., has raised $4 million in equity financing, according to a recent form filed with the Securities and Exchange Commission.