Stories for June 2016

Thursday, June 30

Fifteen Companies Chosen to Participate in Metro Connect Program

Fifteen San Diego County companies will participate in the local World Trade Center’s Metro Connect program, a comprehensive support program to spur the companies’ global growth.

General Dynamics NASSCO Receives Contract That Could Be Worth $3.1 Billion

General Dynamics NASSCO received an order for six oilers — auxiliary ships that rendezvous with U.S. Navy combat ships at sea and refuel them — that could be worth in excess of $3.1 billion.

Region Awarded $103.7 Million to Ease Traffic Congestion on I-5

Construction on road projects intended to alleviate congestion between La Jolla and Oceanside is slated to begin later this year following the allocation of $103.7 million by the California Transportation Commission.

NuVasive Agrees to Pay Medtronic $45 Million to Settle Patent Dispute

NuVasive Inc., a San Diego-based medical device company, announced that it has settled its patent infringement dispute with Medtronic.

Jon Nicholls Named CIO at Eturi Corp.

Eturi Corp., the San Diego software company formerly known as ParentsWare Inc., said June 30 that it has hired Jon Nicholls as its chief information officer.

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Regen BioPharma Inks Deal With Eli Lilly and Co.

La Mesa-based Regen BioPharma Inc. has inked a deal with global pharmaceutical firm Eli Lilly and Co., Regen announced Thursday.

Chamber President Denounces Trump's Trade Policies

Jerry Sanders, president and CEO of the San Diego Regional Chamber of Commerce, said Thursday that trade policies proposed by presumptive Republican presidential nominee Donald Trump would be “damaging to our economy and jobs.”

Union Withdraws Ballot Measure to Cap Pay of Hospital Execs

The union pushing a statewide ballot measure to cap the pay of hospital executives has withdrawn the initiative, according to the Los Angeles Times.

Wednesday, June 29

Navy Awards Contract to Blue Tech Inc.

Blue Tech Inc., a small business based in San Diego, is among 21 companies nationwide that received indefinite-delivery, indefinite-quantity contracts from the U.S. Navy to supply electronic equipment.

San Diego to Get $1.1 Million From Navy Contract

Some $1.1 million of a U.S. Navy contract supporting “shock trials” for a new littoral combat ship will be spent in San Diego.

Aethlon Medical Selling $12.5 Million of Common Stock

Aethlon Medical Inc., a company that makes a blood-filtering device to treat infectious disease and cancer, is selling up to $12.5 million of its common stock, the company announced Wednesday.

San Diego No. 1 Destination for Fourth of July

San Diego tops the list of Fourth of July holiday destinations for Southern Californians this year, according to the Automobile Club of Southern California’s travel forecast.

Net Metering 2.0 a Win for Future, Competition

It is with great pride that I can say that San Diego is the first city to prove the power of solar.

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Foundation Funds Groups on Front Lines of Helping Military

The Patriots Connection, a program of Rancho Santa Fe Foundation, awarded grants of $100,200 to nine nonprofit military programs in San Diego County recently. The Patriots Connection has awarded 135 grants of more than $1.2 million since 2009 to nonprofits serving the local military community.

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Artistic Vision

On the northern edge of Rancho Santa Fe is Casa Loma, an extraordinary estate with panoramic mountain, valley and ocean views. Eight years in the making, renowned late architect Ted Grenzbach was given unfettered artistic license to design a home like no other. Grenzbach, who designed homes for Hollywood royalty, created a luxurious, yet comfortable, world-class modern residence.

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Short on Future Advice

Industry Projects Significant Shortage of Financial Planners

As more financial planners enter their 60s, wealth management firms and universities are looking for ways to bring younger people into the profession.

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The X Factor in Wealth Transfer

Children of Baby Boomers Bring Different Attitudes, Making Retention Difficult for Many Financial Planners

As 30- and 40-somethings begin inheriting their parents’ wealth, financial planners are looking for ways to attract their investment dollars.

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Memorial Honors the Ethics, Actions of Standout Attorneys

The San Diego County Bar Foundation (SDCBF) inducted the 2016 class for the Distinguished Lawyer Memorial, which recognizes local lawyers and judges who have passed away who possessed superior legal skills and high ethical standards.

Good Company

Qualcomm Ventures Is on the Hunt For Promising Tech Startups to Back

It’s been 31 years since Qualcomm Inc. was a startup. Today the chip maker has revenue of $25.3 billion. Still, it is very much a part of San Diego’s startup scene: Its venture capital arm is a source of capital for a lot of new companies.

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Clarity in Battlefield Conditions Is Aim of ViaSat’s Radios

They call them JTACs, short for joint terminal attack controllers, and they have an unnerving job.

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Acquisitions of Two Life Science Firms Lead to Local Layoffs

Two local life science firms, both acquired by global health companies, will lay off a total of nearly 200 employees this month.

FAA Issues Rules for the Commercial Operation of Drones

TECH: Aircraft Must Remain in The Sight of Operator

The Federal Aviation Administration has issued its first rules covering the commercial use of drones. The rules take effect in late August.

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Locking In Our Gains In Cybersecurity Field

TECH: Study Finds Growing Sector Still Needs Nurturing

Like Comic-Con, there are good guys and bad guys. But in cybersecurity, the bad guys are real, and the good guys pack more of an economic punch.

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Tourism Bases Are Loaded This July

ECONOMY: All-Star Game Expected to Bring In $80M

The month of July nearly always ranks among the strongest of the year for San Diego County’s tourism and convention economy, with big annual events including Comic-Con International and the start of prime horse-racing season at Del Mar Racetrack.

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National Pen Makes Its Mark in Promotions

MARKETING: Big Data, Acquisitions All Part of the Plan

It’s likely that more than a few San Diego business boosters haven’t heard of National Pen Co., a firm with a four-decade history in the region that is expected to earn $300 million in revenue in 2016. But chances are high that they’ve used the company’s products.

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In The Right Field

MARKETING: Branding Co. Founders’ Creativity Gets Fans Into the Games

When Jason Klein and Casey White were students at Helix High School in the 1990s, they never imagined their love of sports would lead them to form Brandiose, their own branding company.

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Tuesday, June 28

Civic Leaders Launch Collaboratory for Downtown Innovation

In a nod to the estimated 110 startups downtown, San Diego civic leaders took the wraps off the Collaboratory for Downtown Innovation on June 28.

Black Plague to Open Brewery in Oceanside

Black Plague Brewery, Oceanside’s newest brewery, will lease a 12,945-square-foot, free-standing building located at 2550 Jason Court within the Jason Court Business Park, on the east side of Oceanside between State Routes 76 and 78. There already are eight breweries in the North County city.

Allegiant Travel Co. Announces Twice-Weekly Flights to Provo, Utah

Allegiant announced new air service between San Diego’s Lindbergh Field and Provo, Utah, beginning Sept. 28. The flights will operate twice weekly.

ParentsWare Inc. Changing Name to Eturi Corp. as it Expands Reach

San Diego-based ParentsWare Inc. has changed its name to Eturi Corp. as it looks to expand its market beyond the parents of children and teens.

MVP REIT Defers NASDAQ Listing Pending Review

VP REIT Inc. and MVP REIT II Inc., San Diego-headquartered investment firms focused on parking structures and facilities, have decided to defer taking any action to list the company’s common shares on the NASDAQ Global Market.

San Marcos Business Center Sold for $4.8 Million

Lee & Associates has brokered the $4.8 million sale of the Rancho Santa Fe Business Center, a 41,477-square-foot multitenant industrial park in San Marcos.

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Valentin Ramirez Appointed CEO of Chicken of the Sea International

Valentin Ramirez has been appointed CEO of San Diego-based Chicken of the Sea International, a division of Thai Union Group PCL, the world's largest tuna processor and owner of a portfolio of global seafood brands.

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S.D. County Business Confidence Rebounded in May

The San Diego business community’s outlook is regaining stability after erratic confidence in recent months, the San Diego Regional Chamber of Commerce reported.

Monday, June 27

Council Approves Revised One Paseo Development

The downsized, but still controversial One Paseo project was approved Monday by the San Diego City Council.

Challenged Athletes Foundation Names Wheatley CEO

The Challenged Athletes Foundation announced the hiring of Ken Wheatley as its new CEO.

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U.S. Supreme Court Refuses to Hear Sequenom Patent Case

The U.S. Supreme Court has decided not to review a lower court’s decision to invalidate one of Sequenom’s patents.

Conference Aims to Educate Small Business Owners on Getting Government Work

Small-business owners looking for insight into how to work with the government may glean some information at the Gold Coast conference in August.

Kirby Noonan Lance & Hoge Becomes Five Separate Law Firms

A nationally recognized, 40-year-old San Diego law firm announced Monday that it is splitting into five separate firms.

EMMES Realty Advisors Acquires Downtown Parking Structure

EMMES Realty Advisors LLC has acquired a 580-stall parking and retail facility. The eight-story parking structure with approximately 14,000 square feet of ground floor retail space is located at 1350 6th Ave. in downtown San Diego.

Qualcomm Plans Demo of New 5G System at Trade Show

Qualcomm Inc. plans to demonstrate very fast, fifth-generation wireless communications technology during a trade show in Shanghai beginning June 29.

Health Center Partners Awarded $2.6 Million in Federal Grants

Health Center Partners of Southern California (HCP) will receive $2.6 million in federal grants to expand oral health care services, the organization announced Monday.

Sunday, June 26

Google Plans to Open Office in Sorrento Mesa

Google plans to open an office in the tech-heavy San Diego neighborhood of Sorrento Mesa.

Qualcomm Files Complaint Against Meizu in China

Qualcomm Inc. said June 23 that it took legal action against the Chinese company Meizu, filing a complaint in the Beijing Intellectual Property Court.

DeMaio Pushes Plan for Privately Funded Stadium

A group that includes former San Diego City Councilman and mayoral candidate Carl DeMaio has put forward a proposal that it says could fund a new multi-use San Diego Chargers stadium with event facilities without tax increases or other public funding.

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Ardea Biosciences Announces Layoffs as It Begins to Close Down

Ardea Biosciences, a local biotech sold to Big Pharma for big bucks, will lay off up to 145 employees in San Diego and eventually close down.

Grandpoint Division to Offer 'First of Its Kind' Cyber Crime Insurance

Grandpoint Bank, parent of La Jolla-based Regents Bank, has created a new division to address growing concerns about cybercrime within the banking industry.

The Business Events Calendar for the Week of June 27, 2016

Some of the business events planned in the county for the week of June 27, 2016, and beyond.

Jury Rules Against Tri-City Medical Center in Lawsuit Over Office Building

A jury ruled that Oceanside’s Tri-City Medical Center should pay Carlsbad’s Medical Acquisition Company Inc. (MAC) $19.7 million in a dispute over a medical office building that’s sat vacant since 2013.

Nordstrom Closing Store at Downtown's Horton Plaza

Retailer Nordstrom Inc. plans to close its department store at downtown San Diego’s Westfield Horton Plaza mall on Aug. 26, the Seattle-based retailer announced.

Expanding Law Firm Buys La Jolla Building for $4.75 Million

Locally headquartered law firm Tyson & Mendes LLP has purchased a La Jolla building for $4.75 million, as the multi-state firm expands its San Diego offices, the buyer announced.

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Point Loma Apartment Property Sells for $4.4 Million

Jay Crystall LLC of San Diego has acquired a 13-unit apartment complex in Point Loma for approximately $4.4 million, according to brokerage firm CBRE Group Inc.

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Friday, June 24

Google to Open Office in Sorrento Mesa

Google plans to open an office in the tech-heavy San Diego neighborhood of Sorrento Mesa.

Carl DeMaio Pushes Plan for Privately Funded Stadium

A group that includes former San Diego City Councilman and mayoral candidate Carl DeMaio has put forward a proposal that it says could fund a new multi-use San Diego Chargers stadium with event facilities without tax increases or other public funding.

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Expanding Law Firm Buys La Jolla Building for $4.75M

Locally headquartered law firm Tyson & Mendes LLP has purchased a La Jolla building for $4.75 million, as the multi-state firm expands its San Diego offices, the buyer announced.

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Grandpoint Division to Offer Cyber Crime Insurance

Grandpoint Bank, parent of La Jolla-based Regents Bank, has created a new division to address growing concerns about cybercrime within the banking industry.

Business Calendar for Week of June 27, 2016

Some of the business events planned in the county for the week of June 27, 2016, and beyond.

Nordstrom Closing Store at Horton Plaza

Retailer Nordstrom Inc. plans to close its department store at downtown San Diego’s Westfield Horton Plaza mall on Aug. 26, the Seattle-based retailer announced.

Qualcomm Files Complaint Against Meizu in China

Qualcomm Inc. said June 23 that it took legal action against the Chinese company Meizu, filing a complaint in the Beijing Intellectual Property Court.

Ardea Biosciences to Close, Lay Off 145 Employees

Ardea Biosciences, a local biotech sold to Big Pharma for big bucks, will lay off up to 145 employees in San Diego and eventually close down.

Thursday, June 23

Navy Awards 5-Year, $95 Million Contract to National City Joint Venture

The U.S. Navy awarded Multi-Media Environmental Compliance Group — a joint venture based in National City — a contract for architect-engineering services that could be worth up to $95 million over five years.

New Carlsbad Industrial Buildings Planned After $15M Land Buy

San Diego-based developer RAF Pacifica Group has acquired 18.4 acres of industrial land in the Carlsbad Raceway Business Park for approximately $15 million, with plans to build two new distribution buildings totaling 272,430 square feet.

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Architectural Foundation Issues Call for Orchids and Onions Nominations

The San Diego Architectural Foundation is accepting nominations for its 40th annual Orchids & Onions awards program, which recognizes the county’s best and worst development projects.

Kratos Receives $9.4 Million Contract

Kratos Defense & Security Solutions Inc. said it received a $9.4 million contract to provide helicopter maintenance training systems to an undisclosed customer, identified only as a major U.S. ally.

Greg Doyle Named CEO of Leading BioSciences Inc.

Leading BioSciences Inc. has appointed Greg Doyle as its new chief executive officer.

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CBRE Forms New Practice in San Diego

CBRE Group Inc. has formed a new land, agribusiness and natural resources practice in its San Diego office, the Los Angeles-based commercial real estate services company announced.

Assessments Often Unsupported by Market Values

Although the economy as a whole has shown signs of life after the Great Recession, the recovery is not being driven by commercial real estate prices and values. It is more accurate to describe the economic recovery as occurring despite the ongoing distress affecting some segments and submarkets of the commercial real estate market.

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Gift to Rescue Mission Adds to the Hope, Comfort It Provides

The San Diego Rescue Mission received a special delivery of 300 new mattresses donated by online luxury mattress company, Leesa Sleep LLC. The mattresses will be used in the Mission’s emergency shelters, men’s recovery programs, recuperative care unit and transitional programs. The donation, with a retail value of more than $60,000, will enhance the way the Mission addresses the needs of those it serves.

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Cushman & Wakefield Names New Brokerage Director in San Diego

Commercial real estate services firm Cushman & Wakefield has named Nick Di Paolo as its director of brokerage in San Diego, overseeing all brokerage lines including five local offices and approximately 90 brokers.

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HCAP Partners Promotes Frank Mora

San Diego-based private equity firm HCAP Partners, formerly Huntington Capital, has promoted Frank Mora to partner, the company announced Thursday.

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Guild Mortgage Signs $10M Lease for Local Headquarters Expansion

San Diego-based Guild Mortgage Co. has signed a 10-year lease for 40,000 square feet valued at approximately $10 million, as it expands its headquarters in Kearny Mesa, according to local commercial brokers.

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Banks Decide to Redirect Rather Than Reject Some Borrowers

LENDING: Banks Back CDFIs With Referrals and Grants

No matter the ebbs and flows of the U.S. economy, small business owners and entrepreneurs who can’t qualify for conventional loans are still getting financing help from banks eager to keep them as clients as the businesses grow.

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Debt Reset

The SBA 504 Refinance Program Gives Businesses Chance to Increase Cash Flow By Cutting Interest Rates on Loans

Greg Strangman was in a bind when the loan he took out to open The Pearl Hotel on Point Loma came due in 2012.

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Encinitas Homes Build On the Style, Charm of City’s Past

A drive along the side streets off Leucadia Boulevard between Interstate 5 and El Camino Real is a simultaneous look at the past of Encinitas and its future. West of Quail Gardens Drive, the area is a densely populated mix of ramshackle, mid-1950s ranch houses alongside newer, million-dollar estates that replaced the original homes.

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Breakdown of VC Investment Finds 92121 in a Prime Spot

FINANCE: Sorrento Valley Ranked Fifth With $568M in 2013

Twenty neighborhoods in the U.S. accounted for more than $10 billion in venture capital in 2013 — and one of them was in San Diego, according to a report.

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Qualcomm, Medtronic Tackle Type 2 Diabetes

BIOTECH: Goal Is Smaller And Cheaper Disposable Monitors

Medtronic has joined with Qualcomm Life Inc., a wholly-owned subsidiary of San Diego-based Qualcomm Inc., to bring Qualcomm’s wireless technology to Medtronic’s diabetes devices — even though a competing technology may beat them to market.

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Illumina Honors Its CEO Flatley

Medtech giant Illumina Inc. dedicated a research and development building on its campus to its longtime CEO Jay Flatley.

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City Obtaining $25.5M State Loan for Convention Center Repairs

TOURISM: Plans Include $18M Upgrade To Sails Pavilion

The San Diego City Council has approved plans for the city to obtain a state loan of up to $25.5 million for repairs to the San Diego Convention Center, including replacement of the facility’s iconic but fraying Sails Pavilion roof structure.

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Data Driven

Veyo Uses Predictive Analytics to Help Steer Its Nonemergency Medical Transportation Business

Years before he became president of Veyo, Josh Komenda had two jobs. He was an engineer at a big tech firm. And he had a “hobby company” on the side.

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Co. Goes Out of Town, State for New Manufacturing Plant

Medical device firm Dexcom Inc. is joining the ranks of San Diego companies that are building manufacturing operations outside the state.

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Resorts, Hotels Increasingly Must Provide Broader Experiences

TOURISM: Wide Range Of Guests Look to Delve Into Community, Culture

Hotel and resort developers must adjust to a world where there is no longer a “one site fits all” destination for family vacations and retirement living.

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Challenging Startup Terrain Is McKee’s Kind of Testing Ground

STARTUPS: Leader of CONNECT Has Goal of Ten $1 Billion Companies

Never judge a man by his suit, they say, but Greg McKee’s is quite telling. His charcoal jacket is flawlessly fitted and pressed: a sleek nod to his life on Wall Street. His pocket square, however, is a risky spot of flair; a colorful homage to the startup world in which he now works.

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Parks Keep Thinking About Tomorrow

TOURISM: Projects Aim to Draw New, Returning Visitors

A 2013 study by the National University System Institute for Policy Research estimated that San Diego County has an average of 114,000 visitors on a typical summer day — 45 percent higher than the number taking in theme parks, beaches and other attractions outside of that season.

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New Test, Leaders Line Up for Exagen

BIOTECH: Diagnostic for Lupus Drawing Interest

A group of San Diego biotech veterans has taken over New Mexico’s Exagen Diagnostics Inc. and put it on a path to growth.

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Design Thinking Can Reshape Businesses

DESIGN: Clients’ Interactions With Settings, Products Seen

When Don Norman talks about design, he frequently talks about the big picture. It is as if he backs up so many steps that he can put a landscape the size of the Grand Canyon in his field of vision.

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Launchpad

TECH: Co.’s Mission Is To Bring ‘Fundamental Transformation’

Dan Goldin shows off the artwork in his office suite: large photos of a skier barreling down a steep slope, a surfer riding a giant wave and a sailor standing precariously on the high side of a small sailboat.

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Wednesday, June 22

ViaSat Buys Land for New Texas Building

ViaSat Inc. plans to put its Texas work force in a new, 80,000-square-foot campus outside College Station, a short distance from Texas A&M University.

FAA Issues Final Rules for Commercial Drones

The Federal Aviation Administration on June 21 issued its first rules covering the commercial use of drones. The rules take effect in late August.

Carlsbad Industrial Building Sold for $7.55 Million

Los Angeles-based Alvarez & Marshal Capital Real Estate LLC has purchased a Carlsbad industrial building for $7.55 million, according to brokerage firm Lee & Associates.

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Sorrento Mesa Office Campus Sells for $12.6 Million

BLT Enterprises of Santa Monica has acquired a two-building office campus in Sorrento Mesa for $12.6 million, the buyer announced.

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Reflexion Health Raises $18 Million in Series B Financing

Reflexion Health, a San Diego digital health company, has landed $18 million in a Series B round led by inside investors, the company announced Wednesday.

Region's Economic Growth to Remain Sluggish, Report Says

Economic growth will remain sluggish for the region's small businesses, with the exception of real estate-related firms, according to an analysis by the National University System Institute for Policy Research.

COO Mark Gergen Leaving Mirati Therapeutics

Mark Gergen, the executive vice president and chief operations officer at Mirati Theraputics Inc., is stepping down, the company announced Wednesday.

Carlsbad-based Project Pie Acquired by Pieology Pizzeria

Rancho Santa Margarita-based Pieology Pizzeria has bought competitor Carlsbad-based Project Pie.

Tuesday, June 21

MIT Ranks Illumina World's Third-Smartest Company

A San Diego medtech giant is one of the “smartest” companies out there, according to MIT Technology Review, which Tuesday released its annual list of 50 companies that have created new markets or taken risks to disrupt an existing marketplace.

Northrop Grumman Corp. Awarded $203.6 Million Air Force Contract

The U.S. Air Force awarded Northrop Grumman Corp. a $203.6 million contract modification covering logistic services and sustainment for its high-altitude Global Hawk aircraft.

Cox Offering Free WiFi Downtown During July Events

The local regional office of Cox Communications announced that it is partnering with the City of San Diego to open Cox WiFi hotspots free to the public from July 8 to 24 in downtown San Diego.

Swiss Carrier Edelweiss Starts Direct Flights to San Diego in 2017

Switzerland-based commercial airline Edelweiss will begin offering direct seasonal service between Zurich and San Diego in June 2017, the carrier and San Diego airport officials announced.

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Boeing Co. to Perform $1.36 Million of Work in San Diego

The Boeing Co. will perform $1.36 million of aircraft logistics work in San Diego under a recently received U.S. Navy task order.

San Francisco Firm Buys Mira Mesa Retail Center for $229 Million

San Francisco-based Stockbridge Capital Group LLC has purchased the Mira Mesa Marketplace retail center in Mira Mesa for $229 million, according to CoStar Group and public data.

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Survey Finds 1-in-5 Tech Execs Looking to Expand Staff

More than one-fifth of technology executives in the San Diego area plan to expand their IT teams in the second half of 2016, according to a survey released Tuesday by Robert Half Technology.

Four Housing Projects Awarded Nearly $4 Million

Four San Diego affordable housing projects have been awarded nearly $4 million of $76 million in grant money from the Federal Home Loan Banks.

Monday, June 20

CUSO Financial Picks Up Los Angeles-Based Credit Union

San Diego brokerage firm CUSO Financial Services LP has picked up a new client, a Los Angeles-based credit union that recently launched an investment services program.

Maxwell Technologies Shareholders Approve Several Proposals

Stockholders of Maxwell Technologies Inc. approved a proposal to increase the number of authorized shares of common stock from 40 million to 80 million as part of their business during the company’s annual meeting June 15.

Developer Plans $44M Mixed-Use Project in Encanto

A committee of Civic San Diego, the city’s project oversight agency for downtown and southeastern neighborhoods, recently recommended plans for a $44 million mixed-use community in Encanto.

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U.S. Navy Awards Contract For Dredging, Pier Replacement

Manson Construction Co. of Seattle received an $834,000 modification to a U.S. Navy contract for dredging and pier replacement at Naval Base San Diego, informally known as the 32nd St. naval station. The deal augments a $9.6 million contract modification from Feb. 10. The Pentagon announced both deals on June 13.

Dexcom Inc. Building New Manufacturing Plant in Phoenix

Local medical device maker Dexcom Inc. is building a new manufacturing facility near Phoenix, the company announced Monday.

Pacific Highlands Ranch Residential Land Sold for $61.6 Million

The San Diego division of Pardee Homes recently sold off 9.38 acres of residential land in the city’s Pacific Highlands Ranch community to two other homebuilders, for a total of approximately $61.6 million, according to CoStar Group and public data.

Regulus Therapeutics Secures $30 Million Credit Facility

Regulus Therapeutics Inc. has entered into a $30 million loan and security agreement with Oxford Finance LLC, the company announced Monday. The infusion of cash gives the local biopharma the runway needed to progress its products through the clinic.

Getting The Right Doze

BIOTECH: Device Maker Tackles Sleep Issues, Sees Consumer Market Possibilities in Wearables

In some jobs — think soldiers on the battlefield or surgeons performing lengthy operations — it’s hard to get a full night’s rest. Now there may be another option.

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Charity Gala Gives At-Risk Kids the Support Needed to Succeed

More than 300 supporters gathered at the Inn at Rancho Santa Fe for Father Joe’s Villages’ 2016 Children’s Charity Gala. Guests raised more than $300,000 in funds for at-risk youth in San Diego, including Toussaint Academy and the Therapeutic Childcare Center.

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Passing The Tests

Calbiotech Meets the Challenges of Moving and of Moving Up in the Life Science World

It’s a good sign when a company has to move into a larger space. Calbiotech Inc., which manufactures life science products, outgrew 11,000 square feet in Spring Valley and recently traded up to 22,000 square feet in El Cajon. It also recently hired six employees, giving it a headcount of 45.

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General Counsel Awards Will Draw Some Fine Legal Minds

Celia A. Brewer’s more than two decades-long career in public service has included work on some of the San Diego region’s most complex and high-profile land use and environmental projects.

Make You or Break You

These Startup Rules Come From Experience; Ignore Them at Your Peril

Los Angeles venture capitalist Mark Suster, one of the most active VCs in Southern California, came to San Diego June 14 to give advice to startups and entrepreneurs.

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WTC Director Named to Advisory Council

A San Diego woman is among 19 people appointed to the newly established U.S. Investment Advisory Council.

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TVC Capital Leads $15M Series A Investment in BitTitan

FINANCE: Leadership, Lean Operation Appeal To San Diego Firm

TVC Capital, a San Diego growth equity firm that invests in enterprise software companies, said it has led its single-largest Series A investment yet — for a Seattle-based company that enables the sale, use and service of cloud technology.

Region’s Live-Work Dynamic Not in Alignment

Besides the usual suspects — development fees, high land costs and cumbersome approval processes — San Diego County has big problems with mismatches when it comes to battling its housing affordability problems.

Novatel’s Telematics On Board With Uber in South Africa

Novatel Wireless Inc. said early this month that it will provide technology to help insure Uber drivers in South Africa.

Keeping Tabs on Big Data Could Add Up for Algebraix

SOFTWARE: Encinitas Firm Captures Efficiency For Large Database Queries

An aptitude for math is optional if you want to understand Algebraix Data Corp. At the most fundamental level, the Encinitas business produces software that speeds up databases.

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Sunday, June 19

San Diego Office Tower Sold for $54.4 Million

Hammer Ventures of San Diego has purchased the downtown office tower known as The Executive Complex for $54.4 million, according to CoStar Group and public data.

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CBRE Forms Agribusiness, Natural Resources Practice in San Diego

CBRE Group Inc. has formed a new land, agribusiness and natural resources practice in its San Diego office, the Los Angeles-based commercial real estate services company announced.

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The Business Calendar for the Week of June 20, 2016

Some of the business events planned in the county for the week of June 20, 2016, and beyond.

Illumina to Dedicate Facility to Its Longtime CEO Jay Flatley

Medtech giant Illumina Inc. is dedicating an existing research and development building on its campus to its longtime CEO, Jay Flatley.

Sorrento Valley's Venture Capital Raising Prowess Puts It Fifth in Ranking

Twenty neighborhoods in the U.S. account for more than $10 billion in venture capital — and one of them is in San Diego, according to a report released this week.

San Diego Apartment Portfolio Sells for $8.66 Million

Locally based NP Ventures LLC and Sucato Family Trust have purchased a portfolio of four San Diego apartment properties for a total of approximately $8.66 million, according to brokerage firm Colliers International Group Inc.

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Indus Technology Inc.'s Defense Deal Potentially Worth $43.5M

Indus Technology Inc. said recently that it won a U.S. Navy task order with a potential value of $43.5 million over five years, if the Navy exercises all of its options.

Forrester Appointed Permanent CEO, Executive Director of The New Children’s Museum

Judy Forrester has been appointed CEO and executive director of The New Children’s Museum the museum, announced.

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Leong Named Vice President of Finance at ID Analytics

ID Analytics LLC said June 13 that it named Peng Leong as vice president of finance. He will report to CEO Scott Carter.

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SBA Pledges $250,000 to MiraCosta College to Establish Veterans Business Outreach Center

The U.S. Small Business Administration has pledged $250,000 to establish a Veterans Business Outreach Center at MiraCosta College’s Technology Career Institute in Carlsbad.

Breg Appoints Hutson VP of Operations

Breg Inc., a provider of sports medicine products and services, announced recently that Benjamin Hutson has joined the company as vice president of operations.

Kashi Co. Expands Recall Due to Listeria Concerns over Sunflower Seeds

Kashi Co. removed more of its products from the shelves June 16 as part of a voluntary recall concerning a possible Listeria contamination.

Friday, June 17

Illumina to Name Facility After Longtime CEO Jay Flatley

Medtech giant Illumina Inc. is dedicating an existing research and development building on its campus to its longtime CEO, Jay Flatley.

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S.D. Office Tower Sold for $54.4 Million

Hammer Ventures of San Diego has purchased the downtown office tower known as The Executive Complex for $54.4 million, according to CoStar Group and public data.

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Kashi Removes Some Products From Shelves Due to Listeria Concerns over Sunflower Seeds

Kashi Co. removed more of its products from the shelves June 16 as part of a voluntary recall concerning a possible Listeria contamination.

Business Calendar for Week of June 20, 2016

Some of the business events scheduled in the county for the week of June 20, 2016, and beyond.

S.D. Apartment Portfolio Sells for $8.66 Million

Locally based NP Ventures LLC and Sucato Family Trust have purchased a portfolio of four San Diego apartment properties for a total of approximately $8.66 million, according to brokerage firm Colliers International Group Inc.

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CBRE Forms Agribusiness and Natural Resources Practice in San Diego

CBRE Group Inc. has formed a new land, agribusiness and natural resources practice in its San Diego office, the Los Angeles-based commercial real estate services company announced.

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Breg Appoints Benjamin Hutson VP of Operations

Breg Inc., a provider of sports medicine products and services, announced recently that Benjamin Hutson has joined the company as vice president of operations.

Judy Forrester Appointed Permanent CEO of The New Children’s Museum

Judy Forrester has been appointed permanent CEO and executive director of The New Children’s Museum, the museum announced.

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SBA Pledges $250,000 for MiraCosta College to Establish Veterans Business Outreach Center

The U.S. Small Business Administration has pledged $250,000 to establish a Veterans Business Outreach Center at MiraCosta College’s Technology Career Institute in Carlsbad.

Survey Ranks Sorrento Valley Fifth for Raising Venture Captial

Twenty neighborhoods in the U.S. account for more than $10 billion in venture capital — and one of them is in San Diego, according to a report released this week.

Thursday, June 16

Preston Romm Named COO at Suneva Medical Inc.

Suneva Medical Inc., a facial skin care company in San Diego, has hired ex-Valeant Pharmaceuticals executive Preston Romm as the company’s new chief operating officer.

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More Pizzazz Part of Seaport Village Plans

PROPERTY: Port District Releases 6 Proposals

Since 1980, visitors have gone for simple pleasures like the child-friendly carousel at Seaport Village.

Revitalization Comes In Bottle, Growler

ECONOMY: Oceanside Taps Craft Beer for City’s Benefit

It’s relatively belated compared with its neighbors, but Oceanside is now surfing what has long been a steady wave of economic benefits generated by North County’s burgeoning craft beer industry.

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Taking The Global Initiative

TOURISM: Officials Pursue More International Air Routes to San Diego

San Diego recently landed what is just its third major international commercial air service route of the past five years, when German-based carrier Condor Airlines announced new direct seasonal flights to Frankfurt, set to begin in May 2017.

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New Homes Planned After $9.55M Land Deal in Santee

An affiliate of Santa Monica-based Watt Communities Inc. has purchased an 18-acre Santee land parcel for $9.55 million, with plans to build new single-family homes, according to CoStar Group and public data.

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Bruce Binkowski, Mack Brown Inducted into Hall of Fame

The San Diego Bowl Game Association, which produces the Holiday Bowl and San Diego County Credit Union Poinsettia Bowl, inducted two new members into its Hall of Fame. Bruce Binkowski and Mack Brown were recognized Thursday at a luncheon held at the Marriott Marquis San Diego Marina.

Carlsbad Apartment Property Sells for $4.1 Million

Kuhio Partnership of Temecula has purchased a 17-unit apartment property in Carlsbad for $4.1 million, according to brokerage firm Marcus & Millichap.

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GA-ASI Adds Improved Sensor to Predator Model

General Atomics Aeronautical Systems Inc. said it has integrated a sophisticated sensor into its Predator C Avenger, a jet-powered aircraft in its Predator line.

Venture Capital Continues Decline With Biotech Seeing Deepest Dip

Venture capital is down once again in San Diego, with a particularly noticeable decline in the region’s biotech sector.

Wednesday, June 15

Army Awards GA-ASI $24.8 Million Contract

The U.S. Army awarded General Atomics Aeronautical Systems Inc. a $24.8 million contract modification, covering an additional six months of logistics support for the Army’s Warrior A and Gray Eagle Block 0 unmanned aircraft systems. Warrior and Gray Eagle are versions of the Poway builder’s original aircraft, called the Predator.

City Obtaining $25.5 Million State Loan for Convention Center Repairs

The San Diego City Council has approved plans for the city to obtain a state loan of up to $25.5 million for repairs to the San Diego Convention Center, including replacement of the facility’s iconic but fraying Sails Pavilion roof structure.

Cobham's San Diego Operation to Share $18 Million Contract

Cobham PLC said in early June that it won $18 million in subcontracts to support an airborne electronic warfare program.

Hookit, VerifiR Take Home Award, $5,000 in SDSI Competition

San Diego Sport Innovators (SDSI) announced that tech firms Hookit and VerifiR were the winners of the inaugural SDSI Star Brand Award. Each received a $5,000 cash prize.

Skin Care Co. Suneva Medical Receives $25 Million Round of Financing

Suneva Medical Inc., a facial skin care company in San Diego, has raised $25 million to boost commercialization of its products, the company announced.

Parking-Focused REITs Hire Investment Banking Firm

MVP REIT Inc. and MVP REIT II Inc., San Diego-headquartered investment firms focused on parking structures and facilities, have engaged an investment banking firm to advise them on potential future actions including stock offerings and capital raises.

Kevin Lind Appointed CFO of Arena Pharmaceuticals

San Diego drugmaker Arena Pharmaceuticals Inc. has hired a permanent chief financial officer. The company announced Wednesday the appointment of Kevin R. Lind.

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Brewmaster Steele Leaving Stone Brewing Co.

Stone Brewing Co. announced that Brewmaster Mitch Steele will be leaving the company at the end of June, after 10 years with the Escondido-based craft beer maker.

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Tuesday, June 14

Corporate Directors Forum Appoints 3 New Board Members

The Corporate Directors Forum, a San Diego nonprofit providing corporate governance education, has appointed Jim Edwards, Justin Bird and Phil Rudolph, three corporate lawyers and governance experts, to its board of directors, the organization announced.

Manufacturer RF Industries Reports Q2 Net Revenue of $7.74 Million

RF Industries Ltd., a San Diego business specializing in cables and connectors, reported a net loss of $113,000, or 1 cent per share, on revenue of $7.74 million in its second quarter, which ended on April 30. In the same quarter of 2015, the business reported net income of $448,000 on revenue of $7.59 million.

Sempra Energy Gets Mexican Contract to Build, Own Natural Gas Pipeline

A joint venture that includes San Diego-based Sempra Energy received a contract to build, own and operate a 497-mile, $2.1 billion natural gas pipeline connecting South Texas and Tuxpan, Veracruz, Mexico. The pipeline will serve power plants in Tuxpan. Sempra (NYSE: SRE) announced the project on June 13.

RAR Hospitality Adds Three Hotels to Portfolio

San Diego-based hotel management and consulting firm RAR Hospitality, led by CEO Robert Rauch, was recently tapped to manage three more hotels owned by Carlsbad developer Alps Group of Hotels.

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ValueGene Inc. Acquired by Integrated DNA Technologies

San Diego-based ValueGene Inc., a biotech services company for gene discovery, has been acquired by Integrated DNA Technologies.

Wing and Rib Eatery to Join Lineup at Barrio Logan Center

Aliso Viejo-based owner Shea Properties recently announced New York Buffalo Wings & Ribs as the newest tenant at Mercado del Barrio, its mixed-use center in San Diego’s Barrio Logan neighborhood.

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LM Capital Group Chosen to Participate in Pilot Program

A San Diego investment management firm is among five companies recently selected by the Pension Benefit Guaranty Corp. to participate in a pilot program for smaller asset managers.

Uber Launches Restaurant Food Delivery Service in San Diego

San Francisco-based Uber Technologies Inc. has expanded its app-enabled UberEats restaurant food delivery service to San Diego, the company announced.

Monday, June 13

Carlsbad-Based Verdezyne Inc. Awarded Presidential Green Chemistry Award

A Carlsbad company was recognized Monday by the U.S. Environmental Protection Agency for its production of a chemical that is used to make high-performance nylon used in a slew of products from paintbrushes to automotive oil.

ImageWare Systems Inc. Partners With Virginia-Based Telos Corp.

San Diego-based ImageWare Systems Inc., which specializes in biometric authentication, said on June 13 that it has partnered with Virginia-based Telos Corp.

Organovo, UCSF to Collaborate to Develop 3-D Bioprinted Tissue

Organovo Holdings, Inc., a San Diego-based 3-D bioprinting company, announced a collaboration with the University of California, San Francisco to develop 3-D bioprinted tissues for skeletal disease research. The collaboration is being funded by the nonprofit Methuselah Foundation.

San Diego Apartments Sold for $9.3 Million

A Chula Vista buyer recorded as MAAC President John Adams Manor LLC has acquired a 300-unit apartment property in San Diego’s Oak Park neighborhood for approximately $9.3 million, according to CoStar Group and public data.

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Port District Releases 6 Proposals for Seaport Village Site

The Unified Port of San Diego has released six proposals for developments targeting 70 acres of prime downtown San Diego waterfront property, including the current site of the iconic Seaport Village.

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Kratos Receives Multiple Orders Worth $10 Million

Kratos Defense & Security Solutions Inc. said on June 13 that it received multiple product orders worth approximately $10 million.

Price Hikes Just Start of Wage Increase Impacts

The debate surrounding an increased minimum wage is a longstanding one, and it’s unlikely to disappear anytime soon.

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Foundation Funds Help Meet Critical Needs in Oceanside

Oceanside Charitable Foundation, an affiliate of The San Diego Foundation, awarded $60,000 in grants to three local nonprofits at its Ninth Annual Grants Celebration at the Oceanside Museum of Art.

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Coronado Cays a Slice of Heaven on Some Very Nice Earth

“One of the best locations on Earth” is what the original owner said of a home in the Coronado Cays development to Jay Becker, a Realtor with Pacific Sotheby’s International Realty.

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Mad Catz Ability to Continue as Going Concern Questioned

TECH: Peripherals Maker Reports Loss Of $11.6M for Year

Mad Catz Interactive Inc. closed the books on a disappointing year, despite the apparent promise of its fall release of peripherals for the latest installment of the “Rock Band “videogame.

BYE, DESIGN

Architectural Style Often Takes Back Seat to Practical And Price Considerations, Creating Buildings That Blend in Rather Than Stand Out

Increased focus on volume, cost and function over style and appeal has led to a less regionalized architectural style in San Diego and other cities.

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Been There, Learned That...

LEADERSHIP: CEOs Share Lessons They Wish They Had Known Earlier

The biggest annual bash for local entrepreneurs, San Diego Startup Week, launches June 13 in downtown San Diego.

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GA-ASI Looks to Build on Its Customer Base in NATO

General Atomics Aeronautical Systems Inc. wants to sell its unmanned aircraft to Germany.

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Sunday, June 12

Qualcomm Reportedly Losing Some of Its Apple iPhone Business to Intel

Apple Inc. plans to buy some of the modem chips for its next-generation iPhone from Intel Corp., denying San Diego-based Qualcomm Inc. some of that business, Bloomberg News said June 10 in a report that cited unnamed sources.

USD Conference Tackles Region’s Housing Affordability Problems

Experts at a University of San Diego conference said the local region’s housing affordability problem is worsening, sparked in part by chronic mismatches – between the number and types of homes being built and what’s in demand, and between where people live and where the jobs are, among other imbalances.

Connect Invites Early Stage Tech Cos. to Apply for Coming Phase of Investment Program

San Diego’s early-stage technology companies are invited to apply for Connect’s upcoming CapitalMatch, a program designed to link companies seeking funding with interested investors.

Solana Beach Office Property Sells for $10.6 Million

Andesite Capital Management of San Diego has acquired a Solana Beach office property for approximately $10.6 million, according to CoStar Group and public data.

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The Business Calendar for the Week of June 13, 2016

Some of the business events planned in the county for the week of June 13, 2016, and beyond.

San Diego Apartment Properties Have Change of Ownership

Two San Diego apartment properties recently got new owners, including a 13-unit Bankers Hill property that sold for approximately $3.89 million, according to brokerage firm Marcus & Millichap.

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Organovo Reports Quarterly, Annual Results

Organovo, the San Diego firm that “bioprints” three-dimensional human tissue, reported an uptick in annual revenue for fiscal 2016, according to an earnings report released June 9.

Operators Complete $2 Million Renovation of South Park Apartments

Operators have completed a $2 million renovation of The Stanley, a 26-unit apartment property in San Diego’s South Park neighborhood.

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Kratos Defense Contract Potentially Worth $22.3 Million

Kratos Defense & Security Solutions Inc. said on June 10 that it received a defense contract that could be worth as much as $22.3 million if its client exercises all of its options.

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Secretary of Commerce Appoints Bowens to Travel and Tourism Advisory Board

Thella Bowens, CEO of the San Diego County Regional Airport Authority since 2003, has been appointed to the Travel and Tourism Advisory Board by U.S. Secretary of Commerce Penny Pritzker.

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Executive Director of World Trade Center San Diego Named to Investment Advisory Council

A San Diego woman is among the 19 people announced this week as appointees to the newly established U.S. Investment Advisory Council.

Friday, June 10

Qualcomm Reportedly to Lose Some Apple iPhone Business to Intel

Apple Inc. plans to buy some of the modem chips for its next-generation iPhone from Intel Corp., denying San Diego-based Qualcomm Inc. some of that business, Bloomberg News said June 10 in a report that cited unnamed sources.

Office Property Sells for $10.6 Million

Andesite Capital Management of San Diego has acquired a Solana Beach office property for approximately $10.6 million, according to CoStar Group and public data.

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Operators Finish $2 Million Renovation of South Park Apartments

Operators have completed a $2 million renovation of The Stanley, a 26-unit apartment property in San Diego’s South Park neighborhood.

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Connect Invites Tech Startups to Apply for Coming Phase of CapitalMatch Program

San Diego’s early-stage technology companies are invited to apply for Connect’s upcoming CapitalMatch, a program designed to link companies seeking funding with interested investors.

Secretary of Commerce Appoints Thella Bowens to Travel and Tourism Advisory Board

Thella Bowens, CEO of the San Diego County Regional Airport Authority since 2003, has been appointed to the Travel and Tourism Advisory Board by U.S. Secretary of Commerce Penny Pritzker.

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Business Calendar for Week of June 13, 2016

Some of the business events planned in the county for the week of June 13, 2016, and beyond.

Thursday, June 9

Railroad Companies to Repair, Resurrect East-West Desert Line

Pacific Imperial Railroad Inc. and Baja California Railroad Inc. have agreed to a multimillion-dollar deal to reconstruct the east-west rail link between San Diego and the Imperial Valley, a line that travels part of that distance through Mexico.

Navy Awards BAE Systems San Diego Ship Repair Contract Worth up to $61.1 million

The U.S. Navy awarded BAE Systems San Diego Ship Repair a contract that could be worth up to $61.1 million for the fitting-out availability and post-shakedown availability of a new San Antonio-class amphibious landing platform dock, named after Rep. John P. Murtha. San Diego will be the ship’s home port.

CEO Carl Morgan Announces Resignation From San Diego North EDC

Carl S. Morgan, CEO of the San Diego North Economic Development Council since 2012, announced Thursday that he is resigning, effective July 8.

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Wayfinding Does More Than Direct You to a Destination

TRAVEL: It Offers Options That Bring A Sense of Place

Signs have directed people to public attractions and businesses for decades, but now the companies who create them and the entities that benefit from them are recognizing the value of a cohesive wayfinding strategy.

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Entrepreneur Meets Challenges, Looks for More

LEADERSHIP: Facing Fears, Honing Talents Bring Several Successes

Take risks, have faith and never give up. That’s the formula Rebecca Barlow followed in rescuing two failing companies and founding two others.

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Hispanic Chamber of E-Commerce Connects Community

SERVICE: Group Gives Businesses Tech-Savvy Advice

When Raul Salas went to open his own hair salon after working as a stylist for 21 years, he had no idea what to do.

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Pirch Finds Prime Luxury Position in New SoHo Location

RETAIL: Furnishings Store Sets Sights on Miami, Boston and D.C.

After less than seven years in business, San Diego-based home furnishings retailer Pirch recently landed its first location in New York City, in lower Manhattan’s trendy and upscale SoHo neighborhood.

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TVC Capital Raises $15 Million for Seattle-Based Tech Company

TVC Capital, a San Diego private equity firm that invests in enterprise software companies, has led its single largest Series A investment yet for a Seattle-based company that enables the sale, use and service of cloud technology.

App Gives Parents Option Not to Leave Kids to Their Own Devices

WIRELESS: Access To Internet and Apps Can Be Blocked

Build a better parenting app, and the world will beat a path to your door.

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Jerome’s Sets Own Pace For Expansion, Change

RETAIL: Progress Driven By Steady Deliberate Decisions

As it continues to expand — recently opening its 12th Southern California store in Orange County — the family-run, San Diego-based Jerome’s Furniture is now also handling a significant transition in leadership.

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Property Owner Alexandria Completing $353M in Building Projects at UTC

Life science property owner Alexandria Real Estate Equities Inc. is nearing completion on more than $353 million in acquisition and development projects for tenants at University Towne Center.

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AMN Keeps Making Strategic Acquisitions

MEDICINE: Latest Buy Is Health Information Co.

San Diego’s AMN Healthcare Inc., the largest health care staffing company in the nation, has snatched up its fifth health care company in less than two years. The acquisition of Franklin, Tenn.-based Peak Health Solutions, a health information management company, is expected to immediately boost AMN’s revenue.

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ViaSat Flying High With Latest Deals

TECH: Air Force One, Airline, Canadian Air Force on Board

Air Force One, 100 new jets for American Airlines and roughly a dozen Canadian military patrol aircraft have something in common — they will all be connected to the world with the help of ViaSat Inc.

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Astute Medical Gets FDA OK to Modify Test to Extend Shelf Life

Local diagnostic maker Astute Medical Inc. received the OK from the U.S. Food and Drug Administration Thursday to make improvements to its lead product. The tweaks to the product will extend the test’s shelf life, possibly improving the test’s marketability to hospitals trying to optimize inventory.

Tipping The Pay Scale

VOTE: Poll Results Change Playing Field for Businesses; Attention Turns to November

San Diego city voters on June 7 clearly favored a minimum wage increase that was vehemently opposed by much of the local business community.

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Germany’s Condor Airlines to Offer Local Flights to Frankfurt in 2017

Germany-based Condor Airlines will begin new seasonal non-stop service between San Diego and Frankfurt on May 1, 2017, according to a statement from San Diego International Airport.

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Meal Delivery Firm Munchery Launches Service in San Diego

San Francisco-based Munchery recently began same-day meal preparation and delivery services in the San Diego market, the company announced.

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Wednesday, June 8

Kratos Receives Contracts Worth $6.2 Million From Several Customers

Kratos Defense & Security Solutions Inc. said on June 6 that it received $3.6 million in contract awards for specialized security systems for two unnamed major mass transit customers in the United States. The systems include access control, video surveillance, analytics and communications.

Startup Feetz Partners With Footwear Giant DSW Inc. on 3-D Printed Shoes

San Diego startup Feetz, a company that uses 3-D printing technology to make custom-fit shoes, has landed a partnership with footwear retailer giant DSW Inc.

Northrop Grumman Awarded $62.4 Million, One-Year Navy Contract

The U.S. Navy awarded Northrop Grumman Corp. a $62.4 million, one-year contract option to operate and maintain its Broad Area Maritime Surveillance-Demonstrator aircraft, which are seagoing versions of Northrop Grumman’s Global Hawk spy aircraft.

Talks Underway on Possible Comic-Con Museum at Hall of Champions

Officials of the San Diego Hall of Champions and Comic-Con International announced June 8 that they are in talks on the possible leasing of space at the Balboa Park venue for a Comic-Con museum.

FDA Denies Application for S.D.-Developed Drug

The Food and Drug Administration said, “no thanks, maybe later” to deutetrabenazine, a drug with origins in San Diego that’s meant to treat symptoms of Huntington’s disease.

Tuesday, June 7

Vista Retail Building Sold for $3.75 Million

A San Diego buyer listed as Life-Safer Inc. has acquired a Vista retail building for $3.75 million, according to CoStar Group and public data.

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Former NASA Administrator Dan Goldin Introduces KnuEdge

Dan Goldin, who led NASA during the 1990s, took the wraps off his 11-year-old San Diego company, KnuEdge, on June 6.

Airport Authority Board Appoints Amy Gonzalez to be General Counsel

The San Diego County Regional Airport Authority announced Tuesday the promotion of Amy Gonzalez to general counsel. She was senior director of the Airport Authority’s Office of the General Counsel.

Renovate America Finishes Seventh Securitization of PACE Bonds

Renovate America, the nation’s largest provider for a residential clean energy financing initiative called PACE, said Monday it finished the seventh securitization of its PACE bonds by issuing $305.3 million in notes.

BAE Systems Awarded $53.4 Million Navy Contract

The U.S. Navy awarded BAE Systems San Diego Ship Repair in Barrio Logan a $53.4 million contract for shipyard work on the destroyer USS Russell. The Pentagon announced the award on June 6.

San Diego Apartment Property Sold for $4.9 Million

A National City entity recorded as 2525 Highland Avenue has acquired a 37-unit apartment property in San Diego’s Rolando neighborhood for $4.9 million, according to CoStar Group and public data.

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Sorrento Therapeutics Signs Deal with Chinese Pharmaceutical Co.

Sorrento Therapeutics Inc., a local biopharmaceutical company, has inked a deal with China-based Shenyang Sunshine Pharmaceutical Co. (3SBio) to develop and commercialize immunotherapies.

Lemon Grove Properties Sell for $9 Million

Greg Miller Family Holdings LP of Sandy, Utah, has purchased a Lemon Grove office building and nearby land parcel for $9 million, according to CoStar Group and public data.

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Sorrento Mesa Industrial Buildings Sold for $12 Million

Berdan Holdings LLC of Santa Monica has acquired a two-building industrial portfolio in Sorrento Mesa for $12 million, according to CoStar Group and public data.

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Monday, June 6

NuVasive Buys Medtech Firm Biotronic NeuroNetwork for $98 Million

San Diego’s NuVasive Inc. is acquiring medtech firm Biotronic NeuroNetwork for $98 million in cash, the company announced Monday.

Endurance Sportswire Partners With PR Newswire

Solana Beach-based Endurance Sportswire announced a partnership with commercial news distribution company PR Newswire.

Encinitas Office Property Sells for $2.25 Million

Kopion Inc. of Encinitas has purchased an office property in that city for $2.25 million, according to CoStar Group and public data.

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Chamber Hires VP of Public Policy and Economic Research

The San Diego Regional Chamber of Commerce has hired Jaymie Bradford to be its vice president of public policy and economic research. Bradford previously was deputy chief of staff and policy for Mayor Kevin Faulconer.

Guild Mortgage Co. Acquires Austin Company

Guild Mortgage Co., a private San Diego mortgage bank, said Monday it has agreed to acquire AmeriPro Home Loans, an Austin, Texas-based mortgage company.

AMN Healthcare Buys Peak Health Solutions

San Diego’s AMN Healthcare Inc., the largest health care staffing company in the nation, has snatched up its fifth health care company in less than two years. The acquisition of Franklin, Tenn.-based Peak Health Solutions, a health information management company, is expected to immediately boost AMN’s revenue.

Lilac Hills Supporters Submit Signatures for November Ballot Bid

Supporters of the 1,700-home Lilac Hills Ranch development have submitted approximately 110,000 signatures in a bid to have the North County project placed on the November ballot.

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Sunday, June 5

ViaSat to Provide Wi-Fi on American's Boeing 737 MAX Fleet

Carlsbad-based ViaSat Inc. said on June 3 that it will provide in-flight Wi-Fi systems on new aircraft going into service for American Airlines.

Scripps Opens New Seven-Level Medical Pavilion

Scripps Health has opened the doors to its latest multimillion-dollar facility – the John R. Anderson V Medical Pavilion – in a move to unite resources previously disconnected at the hospital system.

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Apartments Underway at Rancho Santa Fe Mixed-Use Project

Del Mar-based Davidson Builders was recently selected as the general contractor to build 54 luxury apartments at Palma de la Reina, a $40 million mixed-use complex being developed in Rancho Santa Fe by Newport Pacific Inc.

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Report Says County Added Nearly 40,000 Jobs in 2015

Employment in San Diego grew 2.9 percent in 2015 with the addition of nearly 40,000 jobs in sectors from construction to clean-tech.

Local Hotel Revenue Rose 3 Percent in First Four Months of 2016

San Diego County hotels saw total revenue rise 3 percent from the year-ago period for the first four months of 2016, topping $812.3 million, according to the latest monthly data from research firm STR.

The Business Calendar for the Week of June 6, 2016

Some of the business events planned in the county for the week of June 6, 2016, and beyond.

Bank of the West Opens La Jolla Branch

San Francisco-based firm Bank of the West has opened a new banking branch in La Jolla.

Latitude 33 Aviation to Handle Jet Source Inc.'s Charter Requests

Jet Source Inc. selected Latitude 33 Aviation LLC, a Carlsbad-based jet charter company, as its exclusive private jet charter operator.

Friday, June 3

Local Hotel Revenue Rose 3% in First Four Months of 2016

San Diego County hotels saw total revenue rise 3 percent from the year-ago period for the first four months of 2016, topping $812.3 million, according to the latest monthly data from research firm STR.

Apartments Are Underway at Rancho Santa Fe Mixed-use Project

Del Mar-based Davidson Builders was recently selected as the general contractor to build 54 luxury apartments at Palma de la Reina, a $40 million mixed-use complex being developed in Rancho Santa Fe by Newport Pacific Inc.

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ViaSat to Provide Wi-Fi on American Airlines' New Aircraft

Carlsbad-based ViaSat Inc. said on June 3 that it will provide in-flight Wi-Fi systems on new aircraft going into service for American Airlines.

County's Employment Rate Increases 2.9% in 2015

Employment in San Diego grew 2.9 percent in 2015 with the addition of nearly 40,000 jobs in sectors from construction to clean tech.

Business Calendar for June 6, 2016

Some of the business events planned in the county for the week of June 6, 2016, and beyond.

Thursday, June 2

Laurie Coskey Chosen to Lead United Way of San Diego County

Laurie Coskey, a North Park resident with leadership experience in the faith, civics and education communities, has been named president and chief executive officer of United Way of San Diego County following a nationwide search.

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Ex-Chargers Drew Brees Invests in San Diego Startup's Parenting App

New Orleans Saints Quarterback Drew Brees has made an investment in the OurPact mobile parenting app, according to the app’s maker, San Diego-based ParentsWare Inc. Financial terms of the investment, announced June 2, were not disclosed.

Tennessee Company Acquires Tri-City Emergency Medical Group Operations

TeamHealth Holdings Inc., a physician services organization based in Knoxville, Tenn., announced the acquisition of the operations of Tri-City Emergency Medical Group in Oceanside. Terms of the deal were not disclosed.

Mad Catz Posts Continuing Losses; CEO Remains Optimistic

Mad Catz Interactive Inc. closed the books on a disappointing year, despite the apparent promise of its fall release of peripherals for the latest installment of the Rock Band videogame.

San Diego Developer Files Shareholder Lawsuit Against Union-Tribune Ownership

Gannett Co.’s quest to purchase beleaguered Los Angeles Times owner Tribune Publishing has now reached the courts.

Construction Industry Groups Differ on Chargers’ Stadium Proposal

Two local construction industry organizations have announced conflicting stands on a proposal by the San Diego Chargers to build a $1.8 billion downtown stadium with convention facilities.

Walden’s Spring Soirée Brings Hope and Help to Foster Kids

Walden Family Services, the nonprofit foster care, adoption and youth services agency, hosted its Spring Soirée recently at the Pamplemousse Grille to celebrate May 2016 Foster Care Month.

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Blending With The Scenery

Home Of The Month - June

Above a series of natural rock ledges along an inviting sandy beach is an architectural masterpiece by Encinitas-based architect Don Edson.

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Betting On Biotech

Life Sciences’ Need for Space Spurs Developers to Pursue Spec Projects

The high demand for biotech office space in San Diego is boosting the confidence of traditionally cautious landlords. Rather than waiting to build a project until a tenant is lined up, life science construction companies are building sprawling campuses based on speculation alone.

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A New Health Threat

MEDICINE: Ransomware Attacks Target Hospitals, Holding Critical Patient Data Hostage

T here’s a new threat bearing down on hospitals. Hackers are infiltrating systems, locking patient data in virtual vaults, and demanding money in exchange for the key.

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Firm’s Lean Business Model Has Room for Solid Additions

Crosbie Gliner Schiffman Southard & Swanson LLP (CGS3) recently hired two exceptional local real estate partners — David Swartz, former general counsel of Arden Realty Inc., and Dawn Saunders, previously with Mintz Levin — to the ranks of this three-year-old, growing commercial real estate law firm. You might remember reading here that CGS3 wants to build a new type of law firm as an alternative to the “Big Law” business-as-usual model with its high overhead, high hourly rate and lots of associate billing.

Qualcomm Fashions Addition to Snapdragon Wear Line

Qualcomm Inc. used the Computex trade show in Taiwan to take the wraps off of a second processor in its Snapdragon Wear line — a group of products meant for devices that people wear.

Energy Efficiency Standards Create Several Compliance Issues

ENERGY: Some Say Intent to Reduce Costs, Complications Failed

California’s building energy efficiency standards continue to create concerns due to misinterpretations and coordination issues among electrical contractors, manufacturers and utility providers.

Developers Plan 282-Unit Tower on California Theatre’s Space

The San Diego City Council this summer is expected to review plans for a $125 million downtown project that would replace the decrepit former home of the California Theatre with a 282-unit residential tower called Overture.

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SBLC License Opens New Opportunities for Two Lenders

FINANCE: Status Allows ‘Problem Solving’ to Enter the Lending Picture

For the past eight years, San Diego County residents Adam Seery and Todd Massas watched as their fellow bankers stuck to strict lending guidelines and denied loans to business owners caught up in the 2007 recession. Bankers don’t want to hear the recession hurt a business, Massas said. “The minute they hear that, they’ll say an individual is not a good credit risk,” he said.

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Expansion Plans Run Into Space Limitations

PROPERTY: Retail Gathering Highlights Diverse Interests in Region

When it comes to U.S. retail expansion, discounts and caffeine rule. And there’s no longer a one-size-fits-all “box” — big or small, online or offline — when it comes to retailers and restaurant chains looking to expand at a time when good locations are tough to find, especially in places such as San Diego County.

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Aculon’s Coatings Make Sure Surface Problems Are Covered

PRODUCTION: Market For Waterproofing Circuit Boards Is More Than $1B

Many a cellphone has met its demise by a quick dip in the pool, sink, toilet or birdbath.

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Cubic’s Transport Arm Ready for Battle in NYC

TECH: City Contract Renewal May Be Big Driver of Growth

Matt Cole has New York on his mind. Cole runs the transportation equipment business at Kearny Mesa-based Cubic Corp., a company that wants to use the world of fare cards and subway gates as a stepping stone toward bigger things.

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Pro-Growth Plans

PROPERTY: Discount Retailers and Eateries Look to Add Locations

Seven years after the official end of the Great Recession, there’s still a distinct discount-minded focus among nationwide retail and restaurant chains looking to expand their footprint in the coming year.

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Bold, Brash and a Bash: Welcome to Startup Week

Biz: Entrepreneurial Spirit Lets Loose in Unusual Biz Event

Thousands of aspiring, neophyte and seasoned entrepreneurs will head downtown next week for the city’s biggest — and most popular — startup event: San Diego Startup Week.

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Wednesday, June 1

Vista Industrial Park Sold for $7.5 Million

A Santa Barbara private investor recorded as La Mirada Drive LLC has acquired a three-building industrial business park in Vista for $7.5 million, according to brokerage firm Lee & Associates.

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Industrial Property in Oceanside Sells for $3.5 Million

Coastal Investment 2 LLC of Santa Barbara has purchased an Oceanside industrial building for $3.5 million, according to brokerage firm Lee & Associates.

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Defense Dept. Awards ViaSat $33.1 Million Contract

The Defense Information Systems Agency awarded Carlsbad-based ViaSat Inc. a $33.1 million, one-year deal to provide senior leaders and their support staff with communications services over the ViaSat subscription service while traveling by aircraft. The government may continue the service for up to another year at its option.

Kratos Division Receives $6.6 Million Contract

San Diego-based Kratos Defense & Security Solutions Inc. said June 1 that its Modular Systems Division received $6.6 million in contracts.

Navy Awards $46.3 Million Contract to Straub Construction

Fallbrook-based Straub Construction Inc. received a $46.3 million U.S. Navy contract for hangar modernization and additions at Naval Air Station Lemoore in California’s San Joaquin Valley. The hangar work will accommodate the F-35C Lightning II aircraft, which the Navy plans to introduce to the fleet.

Home2 Suites Hotel Planned for Site Near Carlsbad Airport

Carlsbad city planners are recommending approval of a new 142-room Home2 Suites by Hilton hotel, proposed for a site near McClellan-Palomar Airport.

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Oncternal Therapeutics, Tokalas Merge and Form Biotech Company

San Diego-based companies Oncternal Therapeutics Inc. and Tokalas Inc. have merged and created a clinical-stage oncology company with two pipeline products.

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