Stories for November 2016

Wednesday, November 30

AttackIQ Inc. Raises $8.8M in Series A Funding

Sorrento Mesa-based AttackIQ Inc. recently closed $8.8 million in series A funding, the company announced on Nov. 30.

Viracta Therapeutics Acquires Potential Drug Candidate From U.K. Firm

San Diego biotech Viracta Therapeutics Inc. has purchased a scientific asset from United Kingdom-based Chroma Therapeutics.

Three Tenants Pre-lease Space at Carlsbad Industrial Development

Developer RAF Pacifica Group has signed three tenants at a new speculative industrial project currently under construction in Carlsbad, including global hair products supplier Unite Eurotherapy.

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Gov't Orders Vista-Built Scanners in Deal Worth As Much As $66 Million

Leidos — a Virginia corporation with roots in San Diego — said on Nov. 29 that it will deliver 22 of its VACIS X-ray scanners to customs inspectors at various U.S. ports of entry under a new deal that could be worth up to $66 million.

Developer Pinnacle International Buys Downtown Site for $14.5 Million

Vancouver, B.C.-based Pinnacle International has acquired a redevelopment site in downtown San Diego for $14.5 million, according to brokerage firm Marcus & Millichap.

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Sempra Energy Seeks Approval to Build Texas Natural Gas Facility

Sempra Energy subsidiaries have filed a federal application to site, build and operate a natural gas liquefaction facility in southeast Texas.

Software Co. TicketSauce Raises $2.5 Million in Series A Round

Events management software company TicketSauce has raised $2.5 million in a Series A funding round led by Santa Monica-based venture capital firm Draper Frontier Capital.

Convention Center Generated $1.1B in Economic Impact During Fiscal 2016

The San Diego Convention Center generated $1.1 billion in regional economic impact during fiscal year 2016, including $658 million in direct attendee spending, center operators reported.

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Tuesday, November 29

Sempra Subsidiary SoCalGas Settles Gas Leak Case for $4M

A judge on Tuesday certified a $4 million settlement between Los Angeles County prosecutors and Sempra Energy subsidiary Southern California Gas Co., clearing the company of a criminal charge related to a gas leak at its Aliso Canyon storage facilities. It also denied a request by a group of local residents that the resolution be thrown out in favor of one that would include restitution for them.

Los Angeles Firm Buys San Diego Apartments for $28 Million

James Investment Partners of Los Angeles has acquired an 85-unit apartment community near San Diego’s Mission Hills neighborhood for $28 million, according to brokerage firm Berkadia.

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Qualcomm Lines Up $2 Billion in Letters of Credit for NXP Deal

Qualcomm Inc. told securities regulators Nov. 29 that it arranged $2 billion in letters of credit with four banks to help with its acquisition of Netherlands-based NXP Semiconductors N.V.

North Golf Course at Torrey Pines Reopens After $12.6M Renovation

The North Course at Torrey Pines Golf Course was recently reopened following a comprehensive nine-month, $12.6 million renovation of the city-owned property.

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Sorrento Therapeutics Secures $75 Million Loan

Sorrento Therapeutics announced it has secured a loan of up to $75 million from Palo Alto-based Hercules Capital Inc.

Santee Retail Center Sells for $27 Million

Union City Investments LLC of Santa Monica has purchased the Santee Town Center retail property for $27 million, according to the seller, Irvine-based Pacific Castle Management Inc.

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New York Firm Buys Startup Email Copilot's Assets, Team Moves to Seismic

San Diego startup Email Copilot has been acquired by New York-based Return Path, an email data software company, for an undisclosed amount. The Email Copilot team, however, isn’t leaving San Diego.

Software Startup RippleNami Inc. Inks Deal With Kenya-Based Customer

San Diego startup RippleNami Inc. has landed yet another African customer in Kenya-based Linksoft Integrated Services (East Africa) Limited, a midmarket firm offering project management services to several industries.

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Trucept Inc. Relocating to Florida

Trucept Inc., a professional employer organization that also provides health care staffing, announced Tuesday it had relocated its headquarters from San Diego to Tampa, Fla.

Monday, November 28

Synthorx Names Patrick Doyle Chief Business Officer

San Diego synthetic biology company Synthorx Inc., founded based on discoveries made at the Scripps Research Institute, has hired Patrick J. Doyle as chief business officer.

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NASSCO President Fred Harris to Retire; Kevin Graney Named Successor

Kevin Graney will take over as president of General Dynamics NASSCO on Jan. 1, following the retirement of the shipyard’s longtime president, Fred Harris.

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Gateway Founder Ted Waitt Named Chairman of Salk Institute's Board

The Salk Institute for Biological Studies named computer entrepreneur Ted Waitt as chairman of its board, effective immediately.

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The Gym Store Acquired by Manufacturer Johnson Health Tech

Taiwanese fitness equipment manufacturer Johnson Health Tech has acquired San Diego-based specialty retail chain The Gym Store Inc.

Sharp HealthCare, Nurses Avert Strike With Last-Minute Agreement

A nurses union has called off a three-day strike that had been set to begin Nov. 28 at three Sharp HealthCare hospitals.

Sunday, November 27

Hera Labs Becomes Nonprofit, Launches Fundraising Effort

Hera Labs, a local business accelerator for women-led ventures, has converted from a sole proprietorship into a nonprofit, launching a fundraiser to spur its efforts.

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Cybersecurity Firm Proficio Raises $12 Million in Funding Round, Targets Expansion Abroad

Proficio, a Carlsbad-based provider of managed cybersecurity detection and response services, has raised $12 million in an international funding round.

Airgain Inc. Announces Follow-on Offering

San Diego-based Airgain Inc. — which makes antennas for mobile and household devices — plans to sell up to $46 million of its common stock in a follow-on offering.

Video Game Developer Psyonix Expands into Emmes’ Downtown Tower

San Diego-based video game developer Psyonix Inc. has signed a multiple-floor lease as it expands into downtown’s 1 Columbia Place, according to office tower owner Emmes Realty Services of California LLC.

The Business Calendar for the Week of November 28, 2016

Some of the business events planned in the county for the week of November 28, 2016, and beyond.

San Diego-Based Cireson Opens Tokyo Office

San Diego-based Cireson recently opened an office in Tokyo.

Andaz San Diego Opens New Meeting and Events Space After Renovation

Andaz San Diego has opened a new meeting and events space called The Gallery, following a $400,000 renovation at the Gaslamp Quarter hotel.

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Sharp Chula Vista Medical Center First California Hospital to Use Kidney Injury Assessment Test

Sharp Chula Vista Medical Center has become the first hospital in California to adopt a new test to identify patients at risk of developing acute kidney injury, a potentially deadly condition estimated to cost the U.S. health-care system as much as $10 billion per year.

North San Diego Business Chamber Receives 5-Star Accreditation

The United States Chamber of Commerce awarded North San Diego Business Chamber with 5-Star Accreditation.

S.D. Home Sales Fall 1% for October

Pending home sales in San Diego in October fell by nearly 1 percent compared to the same month last year, the California Association of Realtors said.

Orchard Supply Hardware Opening First San Diego County Store

Home and garden retailer Orchard Supply Hardware plans a Nov. 29 opening for its first San Diego County store, at 8780 Navajo Road in San Diego. The location is near the city’s eastern border with La Mesa

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Friday, November 25

Business Calendar for Week of November 28, 2016

Some of the business events planned for the county for the week of November 28, 2016 and beyond.

Airgain Announces Follow-on Offering

San Diego-based Airgain Inc. — which makes antennas for mobile and household devices — plans to sell up to $46 million of its common stock in a follow-on offering.

Game Developer Psyonix Expands into Emmes’ Downtown Tower

San Diego-based video game developer Psyonix Inc. has signed a multiple-floor lease as it expands into downtown’s 1 Columbia Place, according to office tower owner Emmes Realty Services of California LLC.

Cybersecurity Firm Proficio Targets Expansion Abroad, Raises $12 Million in Funding Round

Proficio, a Carlsbad-based provider of managed cybersecurity detection and response services, has raised $12 million in an international funding round.

Andaz San Diego Opens New Meeting, Events Space After Renovation

Andaz San Diego has opened a new meeting and events space called The Gallery, following a $400,000 renovation at the Gaslamp Quarter hotel.

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Wednesday, November 23

Sempra Subsidiary Withdraws From Negotiations on Peru Pipeline

Sempra International has withdrawn from talks it had hoped would allow the company to participate in a $6.5 billion natural gas pipeline project in Peru.

Combatting the Health Care Cost Conundrum

Besides the annual flurry of holiday planning, November ushers in the busy employee benefits open enrollment season. Nearly 40 percent of California companies renew their benefit plans on Jan. 1. In the last quarter of the year, HR departments are rushing to prepare and distribute employee notices, communicate benefit program changes and facilitate the enrollment process. While most employees appreciate their benefits, open enrollment may not be the most wonderful time of the year for those whose medical plan costs have gone up — once again.

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Friends and Neighbors Rally to Help Ronald McDonald House

San Diego’s Ronald McDonald House Charities announced that its seventh annual Romp Gala and Hoehn Motors Porsche raffle raised $556,698 to benefit the organization.

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Comfort, Confidence and Nature Animate Midcentury Designs

More than 600 tour-goers attended the La Mesa Historical Society’s midcentury modern home tour on an unseasonably warm day in early November. It was like stepping back in time, made all the more real when several San Diego trolleys turned up to carry the aficionados around the rural roads of Mount Helix.

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Executive Q&A Trevor Callan, Callan Capital

Nearly a decade ago, the three Callan brothers, Trevor, Ryan and Tim, banded together to launch an independent wealth management firm. Callan Capital provides wealth management services with a focus on corporate executives facing significant financial changes, such as the sale of their company.

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Fiduciary Rule Reconfigures The Financial Advice Model

New federal rules on retirement accounts set to take effect in April have wealth managers working to ensure they can prove they are acting in their clients’ best interests.

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Plenty of Projects Still in Downtown Residential Pipeline

At the mid-point of 2016, Civic San Diego reported that the red-hot downtown market had more than 11,000 apartment and condo units in the works. That included 4,401 units under construction, 4,868 approved and pending construction, and 1,776 with plans submitted and pending approval.

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Two Local Companies Are Sure Winners at CES in Las Vegas

Two San Diego companies will bask in recognition during the annual consumer electronics show, set for early January in Las Vegas.

CureMetrix By TKO, Technological Knockout

Medical software firm CureMetrix Inc. has won first place at the Philips Innovation Challenge, landing the startup a contract with global technology firm Philips, along with other partnership benefits.

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San Francisco, Here We Come …To Steal Your Tech Talent

If you build it, they will come. If they don’t… well, then lure them with tacos.

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Recession Brought Reno Lessons in Rebuilding Revenue

BUILDING: Co. Pursued Government Work, Used Green Building Skills

Reno Contracting Inc., a local general contractor nearing the quarter-century milestone, has transformed itself from a builder of offices to a multifaceted player in multiple markets, from hospitality to health care.

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E-Commerce Site Aims to Serve Those Who Serve the Nation

RETAIL: GovX Includes Ticketing Division for Events, Hotel Rooms

GovX Inc. — which recently pulled in $3.7 million in new investment — does not operate a typical e-commerce website.

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StemoniX’s ‘Micro Organs’ Create Safe Way for Toxicity Tests

BIOTECH: Illness Inspired Founder To Tackle Problem

Ping Yeh was 36 years old when his doctors recommended maximum-potency chemotherapy — a treatment so strong that he may not survive it.

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Small Brewers Plan To Sell Abroad

BREWING: Pilot Program to Assist With Shipping Logistics

After several years spent burnishing San Diego County’s reputation as a major craft beer capital, local brewers and economic leaders now see international sales as key to maintaining the industry’s momentum — especially amid signs of slowing growth in the United States.

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Will Trump Maintain Tough Trade Stance?

ECONOMY: Hard Line Seen Softening, But TPP Doomed

It was a day or two after the presidential election and someone at a local tile-maker was telling the head of the Otay Mesa Chamber of Commerce about the company’s plan to move forward with an expansion of its Tijuana manufacturing operation.

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Angel Makes Sure She Invests in People, Too

FINANCE: Mentorship Role Part of Her Passion, Personality

Allison Long Pettine can’t help herself — she’s a compulsive mentor.

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Creating an Opening For Healing

HEALTH: Scripps Assumes a Financial Risk In Expanding Patient Access to Proton Therapy n By JOHN COX

Frustrated with insurance delays, Scripps Health recently increased the number of patients it treats without prior health-plan approval at the $225 million proton therapy center it manages in Mira Mesa.

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HP Campus Buyer Obtains $90M for Purchase, Renovations

San Francisco-based Swift Real Estate Partners has obtained $90 million in financing for its recent acquisition and upcoming repositioning of the Rancho Bernardo office campus that it recently acquired from tech giant HP Inc.

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San Diego Hotel Revenue Grows 4.1 Percent in First 10 Months

San Diego County hotels posted a 4.1 percent gain in revenue in the first 10 months of 2016, topping $2.29 billion, with year-over-year increases on most key metrics, according to the latest monthly data from research firm STR.

Genalyte Inc. Receives $36 Million in Latest Funding Round

Local life science firm Genalyte Inc. has landed $36 million in funding to accelerate the development of its blood testing technology.

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Pacific Beach Retail Property Sold for $2.3 Million

SMP Realty LLC of San Marcos has purchased a Pacific Beach retail building for $2.3 million, according to brokerage firm Lee & Associates.

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Tuesday, November 22

Judge Blocks Overtime Rule

A Texas judge has granted an injunction blocking the Department of Labor’s overtime rule, which would have required businesses nationwide to pay overtime to more than four million employees by doubling the salary threshold below which workers are eligible for that pay.

Cryotherapy Company Opens Third Location

A San Diego company has opened its third cold therapy treatment center at a location in La Jolla.

Fate Therapeutics Inc. Reports Private Financing Totaling $57 Million

San Diego biotech Fate Therapeutics Inc. reported a private financing totaling $57 million.

David Inns Named EY Entrepreneur of the Year

The CEO of San Diego-based GreatCall, David Inns, has been named 2016’s EY Entrepreneur of the Year in the national award’s services category.

Jack in the Box Inc. Reports Q4/2016 Earnings

Jack in the Box Inc. reported increased earnings of $126.3 million in fiscal year 2016 compared to $112.6 million in fiscal year 2015.

Chula Vista Retail Property Sells for $5.1 Million

C3 Centers LLC of San Diego has acquired a retail showroom property in Chula Vista’s Eastlake neighborhood for $5.1 million, according to brokerage firm Pacific Coast Commercial.

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Tam O'Shaughnessy Appointed to Smithsonian Advisory Board

President Barack Obama has appointed Tam O'Shaughnessy, cofounder and executive director of Sally Ride Science at UC San Diego, to the advisory board of the Smithsonian's National Air and Space Museum in Washington, D.C.

Gene Sciences Inc. Raises $8 Million in Equity Funding

Biotech upstart Gene Sciences Inc. has raised $8 million in equity funding, according to a recent form filed with the Securities and Exchange Commission.

Monday, November 21

Three Local Institutes Receive Grants to Pursue Cancer Research

Three San Diego-area research institutions have received grants from the Cary, N.C.-based V Foundation for Cancer Research.

San Diego Apartment Property Sells for $156 Million

A Newport Beach buyer recorded as Trea Blvd63 LLC has acquired the 332-unit BLVD63 Apartments in San Diego’s Rolando neighborhood for $156 million, according to CoStar Group and public data.

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Silvergate Bank Reports Q3 Net Income of $2.1 Million

Silvergate Bank earned net income of $2.1 million in the third quarter of 2016, down $200,000 from the $2.3 million earned in the same quarter in 2015, the La Jolla-based company said Monday.

Former Sempra Exec Named CEO of Manufacturing Firm

A former Sempra Energy executive has been tapped to head up a Valencia-based maker of industrial hydrogen sensors.

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Salk Institute Awarded $25 Million Helmsley Grant

The Salk Institute for Biological Studies is getting $25 million from the Helmsley Charitable Trust of New York to build on its programs for chronic inflammation, a condition at the root of many diseases.

StatRad Forms Parent Company Nucleus Health as Part of a Restructuring Move

San Diego-based medical image management company StatRad LLC announced the formation of NucleusHealth as part of a corporate restructuring move.

Kratos Prices Shares of Common Stock Offering

Kratos Defense & Security Solutions Inc. said Nov. 18 that it priced a new offering of 11.67 million shares of common stock at $6 a share.

Judges Give It to CureMetrix at Philips Innovation Challenge

Medical software firm CureMetrix Inc. has won first place at the Philips Innovation Challenge, landing the startup a contract with global technology firm Philips, along with other partnership benefits.

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Sunday, November 20

Qualcomm Begins Cash Tender Offer for NXP Semiconductors' Shares

Qualcomm Inc. said Nov. 18 that it started its tender offer for all outstanding shares of NXP Semiconductors N.V.

Civic San Diego Awarded $50M from Community Development Fund

Civic San Diego, which oversees development projects in areas including the city’s low-income communities, announced that it has received a $50 million allocation from the Community Development Financial Institutions Fund.

PharmAkea, Celgene Extend Their Collaboration

Local drugmaker PharmAkea is stretching its collaboration with global biopharmaceutical firm Celgene Corp. for an additional nine months.

Westcore Properties Garners $337.5M in New Acquisition Capital

San Diego’s Westcore Properties has obtained $337.5 million in financing from Almanac Realty Investors LLC, to fund future commercial property acquisitions.

The Business Calendar for the Week of November 21, 2016

Some of the business events scheduled in the county for the week of November 21, 2016, and beyond.

Nurses Union Threatening 3-Day Strike Over Pay Negotiations at Sharp HealthCare

Unionized nurses at Sharp HealthCare have given notice they will strike for three days starting Nov. 28 unless the two sides can reach an agreement on wage increases.

County's October Unemployment Rate Is 4.8%

San Diego County's unemployment rate in October was 4.8 percent, unadjusted for seasonal trends, up slightly from the previous month when it was 4.7 percent.

Friday, November 18

Business Calendar for Week of November 21, 2016

Some of the business events scheduled in the county for the week of November 21, 2016, and beyond.

Nurses Union Threatens 3-Day Strike Over Pay Negotiations at Sharp HealthCare

Unionized nurses at Sharp HealthCare have given notice they will strike for three days starting Nov. 28 unless the two sides can reach an agreement on wage increases.

Westcore Properties Garners $337.5 Million in New Acquisition Capital

San Diego’s Westcore Properties has obtained $337.5 million in financing from Almanac Realty Investors LLC, to fund future commercial property acquisitions.

Civic San Diego Awarded $50 Million from Community Development Fund

Civic San Diego, which oversees development projects in areas including the city’s low-income communities, announced that it has received a $50 million allocation from the Community Development Financial Institutions Fund.

Celgene, PharmAkea Extend Their Collaboration

Local drugmaker PharmAkea is stretching its collaboration with global biopharmaceutical firm Celgene Corp. for an additional nine months.

Thursday, November 17

Miramar Retail, Office Properties Sold for $23.6 Million

Locally based 8990 Miramar Landing LP has acquired two retail and office properties in San Diego’s Miramar neighborhood for $23.6 million, according to Voit Real Estate Services.

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Cohu Inc. to Acquire Japanese Manufacturing Company

Cohu Inc. announced plans to acquire Japan-based Kita Manufacturing Co. Ltd., a maker of metal probes used in electronics testing.

S.D. Life Science Firms Rank 2nd Statewide in VC Funding

San Diego life science firms raked in $1.1 billion in venture capital investments in 2016, a total haul that ranks the county second in the state for VC funding after the Bay Area.

Be Thankful for Socially Responsible Businesses

Saturday after Thanksgiving arrives with all the branded tote bags, coupons and Twitter hashtags common to American shopping spree days, thinly veiled as real holidays.

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Landscape Architects’ Event Puts Focus on the Environment

The American Society of Landscape Architects, San Diego Chapter, held its 37th annual golf tournament recently at the Loma Santa Fe Country Club. The annual fundraising event’s proceeds are primarily earmarked for the chapter’s community grant program. Some of the funds raised will allow an “Emerging Professional” or a “Student Member” to attend an ASLA SD or ASLA national event.

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Kratos Plans to Sell $50 Million in Stock Offering

Kratos Defense & Security Solutions Inc. said on Nov. 17 that it plans to sell more stock. The corporation plans to sell up to $50 million to fund the company’s high-performance unmanned combat aerial system program, and to pay down debt, CEO Eric DeMarco said via email.

S.D.’s First ‘Open House’ Is Ticket To Show of Architectural Splendor

San Diego buildings will join famous edifices in New York and Chicago as the city hosts its first Open House Worldwide event next year.

Winning Architecture Brings a Sense of Style And a Sense of Belonging

A dozen buildings were recently highlighted as exemplars of local architecture at the San Diego Architectural Foundation’s 40th annual Orchids and Onions event.

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Freestone to Serve as 2017 President of S.D. Bar Association

Loren Freestone, partner with Higgs Fletcher & Mack LLP, will serve as president of the San Diego County Bar Association in 2017.

Mission Change Comes With Name Change for Drone

The fiercely named Predator has drawn another humanitarian assignment. General Atomics Aeronautical Systems Inc. announced that it is making a company-owned and operated Predator C aircraft available for humanitarian aid missions.

Coworking Spaces Adding Recording Studios to the Mix

An increasingly hot market for shared office space has encouraged coworking facilities to get creative with tenant perks. The latest bait? A place to record your podcast.

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Startup S.D. Has Big Ambitions

Startup San Diego, the organization that puts on San Diego Startup Week,is gearing up for more local involvement next year beyond its popular week-long event.

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5 Tips For Protecting Your Data

…according to retired Rear Adm. Ken Slaght, president of San Diego Cyber Center of Excellence, a nonprofit dedicated to accelerating the region’s cybersecurity economy and positioning it as a global hub for cyber innovation.

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Microscope Maker Gets $1.8M Round

Local startup Echo Laboratories Inc. has landed a $1.8 million round led by Tech Coast Angels, the biggest single contribution the angel group has made to date.

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Retailers See Happy Holidays, But Politics Could Change That

RETAIL: Trump Factor is Unknown; Other Indicators Good

Retail industry leaders are generally upbeat on their local and national prospects for this year’s holiday season sales, starting with the traditional post-Thanksgiving “Black Friday” rush to shopping centers.

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Trump Appears to Give Life Sciences Sector a Shot in the Arm

BIOTECH: Sector Felt Threatened By Policies Advocated By Clinton

Investors are calling it “the Trump bump.” In the days following President-elect Donald Trump’s victory over Hillary Clinton, biotech stocks soared on renewed confidence in the industry’s future.

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UC San Diego's Jacobs Medical Center to Open Nov. 20

UC San Diego Health announced it will open the 245-bed Jacobs Medical Center on Nov. 20.

Personalization Platform Takes Guesswork Out of E-Commerce

SOFTWARE: Aim Is to Personalize the Experience In a Variety of Ways

There is a reason supermarkets put candy bars and copies of the National Enquirer by the check-out line.

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Foam Ban Carries A Cost for Eateries

LAW: Encinitas Action Attempts to Cut Pollution

Encinitas restaurateurs have about six months to replace the disposable plastic food containers and coffee cups they use to keep food and drinks warm.

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Median Home Sale Price Rose to $576,620 in October

San Diego County’s median home sale price rose in October to $576,620, a 1.3 percent month-to-month increase that nearly mirrored the state’s average of 1.2 percent, the California Association of Realtors reported.

Moderation Guides Company and Cuisine

DINING: Luna Grill Expands Steadily in Familiar Markets

Healthy — or at least relatively healthy — continues to reign at U.S. restaurants, where diners increasingly look to minimize the junk food intake while keeping the tab around $12 or less.

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General Contractor Pacific National Group Opens Office in La Jolla

General contractor Pacific National Group has opened a new office in La Jolla, the company announced.

Kratos Gets $17.8 Million Contract for Drones

Kratos Defense & Security Solutions Inc. said on Nov. 16 that it received a $17.8 million contract for target drones.

Miramar Brewer Takes Top Local Honor for International Expansion

San Diego craft beer maker Rough Draft Brewing Co. has been awarded the $35,000 MetroConnect grand prize for its recent export expansion efforts and job growth, presented by World Trade Center San Diego.

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Cos. Find Comfort In 504 Loan Terms

FINANCE: Small Businesses Get Chance to Buy Key Assets

Michelle McLeod and her husband, Michael, found a property they thought would be a good addition to their growing business, which sells rocks and other landscape material.

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Finding a Middle Ground For Housing Development

PROPERTY: Medium Density Infill Housing Could Be a Fit for S.D.

A conceptual plan for building townhome-style residential units near San Marcos Creek has focused attention on a medium-density approach observers say may serve as a template for relieving a housing affordability crisis many agree is hurting the region’s economy.

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Wednesday, November 16

San Diego Health Connect Selects N.Y. Firm to Manage Medical Images

San Diego Health Connect, the region’s nonprofit medical information exchange, has selected New York-based Ambra Health to manage its medical images.

PR Agency Opens First International Office in Tijuana

San Diego-based public relations agency Nuffer, Smith, Tucker has opened its first international office in Tijuana, Baja California, the firm said in a statement Wednesday.

Alaska Airlines Announces New Nonstop Local Service to Baltimore

Alaska Airlines will offer new daily nonstop service between San Diego and Baltimore starting March 15, the carrier announced.

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Report: Del Mar Heights Retail Corridor Among Priciest in Hemisphere

San Diego’s Del Mar Heights Road corridor is the 16th most expensive retail street in the Americas, according to a new global report by the commercial brokerage firm Cushman & Wakefield.

Homebuilder Buys San Diego Residential Land for $24.5 Million

Irvine-based homebuilder CalAtlantic Homes has acquired a 170-acre residential site in San Diego’s Del Sur master-planned community for $24.5 million, according to brokerage firm Colliers International Group Inc.

Local Firm Buys National City Industrial Property for $12.2 Million

Stos Partners of Encinitas has acquired a National City industrial building for approximately $12.2 million, the company announced.

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Startup Clarify Medical Raises $3.6 Million in Funding Round

San Diego medtech startup Clarify Medical (formerly Skylit Medical) has raised $3.6 million in a new round of funding.

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Amplyx Pharmaceuticals' Drug Wins Regulatory Designation - and Exclusivity

Local drugmaker Amplyx Pharmaceuticals Inc. has landed a special regulatory designation that will give the company more than a decade of market exclusivity for a drug it’s developing.

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Tuesday, November 15

Qualcomm Announces Joint Venture With China-based Tencent

Qualcomm Inc. announced plans to join China-based Tencent in a videogame and entertainment venture built on mobile communication devices.

ViaSat to Sell 6.5 Million Shares in a Follow-on Offering

ViaSat Inc. announced late Nov. 15 that it has decided to sell 6.5 million shares of common stock in a follow-on offering.

Lee Blumenfeld Tapped to Lead Business Development at Sanford Burnham Prebys

Sanford Burnham Prebys Medical Discovery Institute has created a new vice president position to lead its business development strategy.

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Grocer Aldi Opening New Store in Chula Vista

Discount grocer Aldi Inc. has scheduled a Nov. 18 opening for its new store in Chula Vista, which will be its second location in San Diego County.

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Southern California Soil & Testing Rebrands, Hires Chief Strategy Officer

Engineering firm Southern California Soil & Testing Inc. has changed its name to SCST, the company announced Tuesday.

Petco Animal Services Names General Counsel

San Diego-based Petco Animal Services Inc. has hired away the corporate counsel for Churchill Downs Inc., the company that owns the Thoroughbred racetrack best known for hosting the Kentucky Derby.

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CEO of Cybersecurity Startup Resigns Following Facebook Posting

The CEO of local cybersecurity startup PacketSled has resigned following an outburst on social media in which he threatened to take out President-elect Donald Trump with a sniper rifle.

City Approves $79M Overhaul of Balboa Park’s Central Plaza

The San Diego City Council has approved a $79 million overhaul of Balboa Park’s central Plaza de Panama, slated to create more than six acres of vehicle-free parkland, gardens and plazas.

Monday, November 14

GA-ASI Makes Unmanned Predator Available for Humanitarian Missions

General Atomics Aeronautical Systems Inc. announced that it is making a company owned and operated Predator C aircraft available for humanitarian aid missions.

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New REIT Focused on Medical-Use Cannabis Facilities Plans $175M IPO

A new San Diego-based real estate investment company, focused on medical-use cannabis facilities and led by former BioMed Realty CEO Alan Gold, has filed for a $175 million initial public offering of its common stock.

DJO Promotes Brady Shirley to President/CEO

Local medical device maker DJO Global Inc. has appointed Brady Shirley as president and CEO. Shirley is replacing Mike Mogul, who told the board he would step down Nov. 14. Mogul is staying on until the end of the year, however, to help DJO and Shirley with the transition.

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Lori Gremel Hired to Lead Fundraising at Serving Seniors

Serving Seniors has hired the University of California, Irvine’s development director to lead fundraising and external affairs for the San Diego-based nonprofit.

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ViaSat to Establish Presense in Dublin with Acquisiton of Arconics

ViaSat Inc. has acquired Ireland-based Arconics for undisclosed terms, the company announced on Nov. 14.

San Diego Firm Buys Scottsdale Office Complex for $20 Million

San Diego-headquartered Parallel Capital Partners Inc. has acquired an office complex in Scottsdale, Ariz., for $20 million, the company announced.

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North Park Apartments Sell for $2.46 Million

Plotts Real Estate LP of San Diego has acquired a 10-unit apartment complex in the city’s North Park neighborhood for $2.46 million, according to brokerage firm Apartment Consultants Inc. (ACI)

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Sharp HealthCare Nurses Authorize Strike

Registered nurses at Sharp HealthCare have voted to authorize a labor strike if their union representatives are unable to reach a wage agreement with the San Diego health care system.

Sunday, November 13

San Diego Firm Buys Historic Gaslamp Building for $7.1 Million

PREF Commerce, an affiliate of San Diego-based Paragon Real Estate Fund, has acquired a historic commercial building in downtown’s Gaslamp Quarter for $7.1 million, the company announced.

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Genentech and Halozyme to Collaborate on Cancer Treatments

San Diego biotech Halozyme Therapeutics Inc. said it will collaborate with Genentech, a member of the Roche Group, to evaluate how a combination of the two firms’ products affect up to eight tumor types in clinical studies next year.

Former Qualcomm Building Sells for $12.1M

San Diego-based Bollert LeBeau Inc. has purchased a former Qualcomm Inc. office campus building in Sorrento Mesa for $12.1 million, the investment and development firm announced.

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Sodhexo Management Picked to Provide Food Service for U.S. Marine Corps

If you’re a Marine, early November is a time for cake. One of the service’s enduring traditions is celebrating its birthday.

The Business Calendar for the Week of November 14, 2016

Some of the business events planned in the county for the week of November 14, 2016, and beyond.

Three Small Businesses Selected to Compete for Navy Contracts

Three small businesses have received U.S. Navy contracts to provide commercial industrial services and interior preservation services on Navy ships in San Diego.

Irvine Firm Buys Vista Apartments for $6.2 Million

The Bascom Group LLC of Irvine has acquired a 32-unit apartment property in Vista for $6.2 million, the private equity firm announced.

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Encore Capital Group Reports Q3 Results

The largest buyer of defaulted credit card debt, San Diego’s Encore Capital Group Inc., reported this week that its third-quarter revenue was $179 million, down about 36 percent year-over-year from $279 million.

Author to Speak on Sports, Startups and San Diego

Popular venture capitalist and author Brad Feld will speak at a local event put on by startup support groups Techstars and San Diego Sport Innovators.

Friday, November 11

Halozyme and Genentech to Collaborate on Cancer Treatments

San Diego biotech Halozyme Therapeutics Inc. said it will collaborate with Genentech, a member of the Roche Group, to evaluate how a combination of the two firms’ products affect up to eight tumor types in clinical studies next year.

San Diego Firm Buys Historic Gaslamp Building for $7.1M

PREF Commerce, an affiliate of San Diego-based Paragon Real Estate Fund, has acquired an historic commercial building in downtown’s Gaslamp Quarter for $7.1 million, the company announced.

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Former Qualcomm Building Sells for $12.1 Million

San Diego-based Bollert LeBeau Inc. has purchased a former Qualcomm Inc. office campus building in Sorrento Mesa for $12.1 million, the investment and development firm announced.

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Business Calendar for Week of November 14, 2016

Some of the business events planned in the county for the week of November 14, 2016, and beyond.

Thursday, November 10

Former Navy SEAL to Lead Sales Team at Envision Solar

Envision Solar International Inc. has hired a former Navy SEAL chief to lead its sales and business development team.

Timothy A. McDonough Named CMO at Forcepoint

Cybersecurity software specialist Forcepoint has named Timothy A. McDonough chief marketing officer. McDonough started in the new job Nov. 7.

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Martine Dehlinger-Kremer Joins European Think Tank

SynteractHCR’s vice president for global medicine and regulatory affairs, Martine Dehlinger-Kremer, has joined the board of the think tank European Forum for Good Clinical Practice as co-chair of its Children’s Medicines Working Party.

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Sharp Chula Vista Medical Center Breaks Ground on Tower Project

Local dignitaries gathered Nov. 10 to break ground on a $244 million hospital tower that will expand Sharp Chula Vista Medical Center by 197,000 square feet and 138 patient rooms.

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Updated Jet-Powered Predator Aircraft Makes Virgin Flight

A new, larger model of General Atomics Aeronautical Systems Inc.’s Predator C Avenger aircraft made its first flight on Oct. 27, the company said Nov. 10.

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Illumina Inc. Partners With Mayo Clinic to Further Genomic Research

Local science technology firm Illumina Inc. has teamed up with the Mayo Clinic to further Mayo’s genetic and genomic research.

Data Suggests a Brewing Craft Beer Bubble

They say markets in the late stage of a classic bubble go through a phase of hyper-creativity as indicators head due north. Exuberance and experimentation reign where caution is otherwise warranted.

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Team Effort Takes on Ovarian Cancer and Supports Patients

The Clearity Foundation’s fitness fundraiser, “All Out for Her,” raised awareness of ovarian cancer and exceeded the nonprofit’s $10,000 goal to raise more than $15,000 for the cause.

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Batter Kay’s ‘Sculptures’ Crisply Define the Space They Inhabit

Janice Kay and Michael Batter of Batter Kay Associates have been building single-family, multifamily and commercial projects for the past 40 years, primarily in the San Diego area. Specializing in modern architecture, the award-winning couple has nearly 400 projects in their portfolio.

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Manchester Moving to Recently Acquired Mister A’s Building

The former Sempra Energy tower in downtown San Diego will soon have another company name removed from its exterior, just a few months after its former co-owner, Manchester Financial Group, put its moniker on the Ash Street building.

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Net Space Absorption Continues on Powerful Pace for 2016

REAL ESTATE: Retail And Apartment Vacancies Remain Very Low

Sustained job growth and a generally strong national and local economy continued to fuel demand for office and industrial space in San Diego County during 2016’s third quarter, as apartments saw another quarter of rising rents and dwindling vacancies amid construction rates that still lag far behind demand.

Industrial Demand Moves North; Developers Make Plans to Meet It

Afew years ago, when he led a local software company and was scouting North County for prospective industrial sites for his research-and-development efforts, Ben Badiee was able to find just four appropriate locations in the city of Escondido.

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AI Is On Board for Netradyne Inc.’s Fleet Monitoring Vision

TECH: System Can Estimate Traffic Speeds And Spot Pedestrians

For a long time, several tech companies serving the transportation industry have made San Diego their home. The common threads running through their businesses are video cameras and trip data. A camera in the cab of a big rig provides an extra set of eyes on the driver, the road and everything going on around them.

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Mobile Verify Brings Identification Process Up to Speed

The world can be a pretty bad place, but a crackdown on shadowy exchanges of money could be a good thing for Mitek Systems Inc.

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Co.’s Wellness Portals Offer Big Picture On Employee Health

SOFTWARE: They Can Be Customized for the Needs of Individual Users

More than 3 million people use internet wellness portals created by San Diego-based MediKeeper Inc., and yet few have any idea the 20-person company exists. CEO David Ashworth wants to keep it that way.

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ProQuo Is Bridge to Legal Representation for Businesses

LEGAL: Clients Get Platform Where Lawyers Bid On Needed Legal Work

Eddie Signaigo, a local litigation attorney, is launching a technology startup that he hopes will bring legal services into the millennial age.

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Voters Hand Chargers and Developers Defeat at Ballot Box

POLITICS: Measures A, B, C and D Fail; Team Ponders Its Next Move

San Diego Chargers Chairman Dean Spanos said the team was mulling its options after city voters firmly rejected a proposed hotel tax hike — Measure C — intended to finance a dual-purpose, $1.8 billion downtown stadium with convention facilities.

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Podcasts Let Us Listen In On Startup Community

Podcasting — once a fringe medium for devoted audio bloggers — has surged in popularity this year thanks to a few blockbuster shows edging into mainstream media.

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SaaS Co. Doctible Closes $2M Seed Round

Local software startup Doctible Inc. has closed a $2 million seed round and launched a more robust software-as-a-service product for health care providers.

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Zesty Taps Rich Vein of Influencer Content

Five years of bootstrapping and a recent $1 million funding round have put Zesty.io Inc. in a pretty good spot.

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App Recruits Users to Expand Universe of Augmented Reality

TECH: GoMeta Gets $2M in Seed Round, Big Name Backing

A stealthy ex-Googler who moved his startup to San Diego earlier this year has finally stepped out of the shadows with a new augmented reality app and a $2 million seed round.

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Executive Q&A Ashok Kamal, Executive Director of Tech Coast Angels

Ashok Kamal tells me he’s more comfortable in board shorts than blazers, but I have a hard time believing it.

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BrightScope Acquired By New York Firm

FINANCE: Local Co. Approached Competitor About Working Together

After losing a bidding war with a larger company over a business they both wanted to buy, BrightScope Inc. CEO Mike Alfred decided: if you can’t beat ’em, join ’em.

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Benefunder Gives New Direction a Try

GIVING: It’s a Selling Point For Donor-Advised Funds

When philanthropists give money to research, they don’t always feel like they’re making an impact. Money disappears into a foundation or a fund, and donors are left disconnected from how that money is being used.

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Co. Gives Polar Bears Some Air Support

TECH: Northrop Contest Takes on Climate Change

For short stints this summer and fall, engineers at Northrop Grumman Corp. set aside their defense-contract work and took up a different fight.

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Right Ingredients and Pinch Of Luck Form Food Cluster

ECONOMY: Logistics, Labor and Space Bring Cos. to North County

When Olli Salumeria scored an agreement putting its products in Whole Foods stores across the country, there was no question the salami-maker would need to expand beyond its 15,000-square-foot plant in Virginia. But where?

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Wednesday, November 9

Navy Awards Two Contracts to BAE Systems Ship Repair

The U.S. Navy sent BAE Systems Ship Repair a pair of big contracts this week.

Year-Over-Year Q2 Income More Than Doubles for ViaSat Inc.

ViaSat Inc. reported net income of $11.0 million on revenue of $399.2 million in its second quarter of fiscal 2017, which ended Sept. 30. The business revealed its earnings Nov. 8.

Acadia Pharmaceuticals Reports Better-Than-Expected Q3 Earnings

Drugmaker Acadia Pharmaceuticals Inc., which recently got FDA approval of its antipsychotic drug Nuplazid, reported a third quarter net loss of $71 million on revenue of $5.3 million. Analysts on Wall Street were expecting about $2.9 million in revenue for the quarter.

HP Inc. Sells 8-Building Rancho Bernardo Campus

Tech giant HP Inc. has sold its eight-building office campus in Rancho Bernardo to San Francisco-based Swift Real Estate Partners, with plans to lease back much of the campus. Pricing on the deal was not immediately disclosed by either party or their brokers.

Startup SolidOpinion Raises $3.7 Million in Equity Funding

SolidOpinion Inc., a technology startup with split headquarters in San Diego and New York, has raised $3.7 million in equity funding, according to a regulatory filing.

Ionis Pharmaceuticals Posts Q3 Revenue of $110.9 Million

Carlsbad drugmaker Ionis Pharmaceuticals Inc.’s stock is up over 26 percent despite a slight miss on earnings reported Wednesday.

Chargers Mull Next Step After Defeat of Stadium Measure

San Diego Chargers Chairman Dean Spanos said the team is mulling its options, after city voters firmly rejected a proposed hotel tax hike – Measure C -- intended to finance a dual-purpose downtown stadium with convention facilities.

Port District Formally Selects $1.2 Billion Central Embarcadero Project

San Diego port district commissioners have formally selected Protea Waterfront Development’s $1.2 billion proposal for a mixed-use redevelopment of the 70-acre Central Embarcadero site that currently includes Seaport Village.

Tuesday, November 8

PrimeLending to Pay $1.6 Million to Settle Overcharge Allegations

PrimeLending, a Dallas-based non-bank residential mortgage lender and servicer with branches in San Diego and other California cities, will pay more than $1.6 million to settle allegations it overcharged hundreds of California borrowers for interest.

Sorrento Therapeutics Inc. Closes Acquisition of Pennsylvania-Based Firm

San Diego drugmaker Sorrento Therapeutics Inc. has closed its acquisition of Pennsylvania-based Scilex Pharmaceuticals.

Westcore Properties Buys Stockton Industrial Building for $6 Million

San Diego-headquartered Westcore Properties has acquired a Stockton industrial property for approximately $6 million, the investment company announced.

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TPT Global Tech Adds Another Acquisition: San Diego Media Inc.

TPT Global Tech Inc. said Nov. 7 that it recently completed its acquisition of San Diego Media Inc. Financial terms of the deal were not disclosed.

Vista Apartment Property Sold for $2.17 Million

Investors Mitchell Nibbelink and Huyen Huynh of San Francisco have acquired a 10-unit apartment property in Vista for $2.17 million, according to brokerage firm South Coast Commercial Inc.

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USS Midway Foundation Announces First Grants

The newly formed USS Midway Foundation announced its first charitable grants – awards totaling $210,000 to a 10 local organizations supporting veterans, active-duty military families and law enforcement.

Investment Firm Obtains $26.7M in Refinancing for Carlsbad Multifamily Property

Rancho Santa Fe-based Pacifica Enterprises recently obtained $26.7 million in refinancing for Bluwater Crossing, a Carlsbad multifamily property that it purchased last year.

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Qualcomm Signs Licensing Agreement With China-Based Co.

Qualcomm Inc. has signed an agreement with Preh GmbH to license its wireless electric vehicle charging technology, the San Diego company said on Nov. 8. Financial terms of the deal were not disclosed.

Monday, November 7

New Homes Planned after $2.75M Land Buy in Encinitas

BM Family Trust of San Diego has purchased a 1.67-acre residential land parcel in Encinitas for $2.75 million, with plans to develop four single-family homes, according to brokerage firm Colliers International Group Inc.

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Erik Greupner Appointed COO by San Diego Padres

The San Diego Padres has promoted its general counsel and executive vice president of business administration to become chief operating officer.

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Maxwell Technologies Inc. Posts Q3 Net Loss of $6.9 Million

Maxwell Technologies Inc. — which makes energy-storage electronics called ultracapacitors, and relies heavily on a customer base in China — reported a third quarter net loss of $6.9 million on revenue of $25.5 million.

Martin Duvall Named CEO at Tocagen Inc.

Local biotech Tocagen Inc. has hired a new chief executive officer as it approaches commercialization of its anti-cancer therapies.

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MaxLinear Inc. Reports Q3 Net Income of $9.7 million

MaxLinear Inc., the Carlsbad microchip maker, reported net income of $9.7 million on revenue of $96.3 million in the third quarter. In the same quarter one year ago, MaxLinear (NYSE: MXL) reported dramatically less net income — $1.6 million — though revenue was 1 percent lower, at $95.2 million.

Vista Retail Center Sells for $6.15 Million

Los Angeles-based Black Lion Investment Group has acquired a Vista retail center for $6.15 million, according to brokerage firm Marcus & Millichap.

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Council Connections Renames Itself CNECT

San Diego-based Council Connections, a national group purchasing organization founded in 1979, has rebranded as CNECT.

Hillcrest Apartment Property Sells for $3.5 Million

Hillcrest Place LLC of Laguna Beach has acquired a 15-unit apartment property in San Diego’s Hillcrest neighborhood for $3.5 million, according to brokerage firm Palma Commercial.

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Sunday, November 6

The Business Calendar for the Week of November 7, 2016

Some of the business events planned in the county for the week of November 7, 2016, and beyond.

Friday, November 4

Startup Doctible Inc. Closes $2 Million Seed Round

Local software startup Doctible Inc. has closed a $2 million seed round and launched a more robust software-as-a-service product for health care providers.

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Novatel Wireless Changing Name to Inseego Corp.

Novatel Wireless, which has been working for years to make itself profitable, most lately by acquiring and selling business units, said on Nov. 3 that it is changing its name to Inseego Corp.

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Poway Industrial Buildings Sold for $24.6 Million

An affiliate of Newport Beach-based TA Realty has acquired a four-building portfolio of industrial buildings in Poway for $24.6 million, according to CoStar Group and public data.

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AMN Healthcare Says Q3 Revenues Up 23 Percent Over Last Year

AMN Healthcare Services Inc. reported a 23 percent jump in revenues during the third quarter as compared with a year before, and disclosed plans to repurchase as much as $150 million of its outstanding shares.

Chelsea Completes $32.9M in Affordable Housing Projects

Carlsbad-based Chelsea Investment Corp. recently completed two affordable-housing projects in San Diego with a total of 80 units, representing a total of $32.9 million in development.

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Mad Catz Interactive Reports Net Income of $4.1 Million

By selling part of itself, videogame peripheral maker Mad Catz Interactive Inc. made it into the black for its second quarter.

Manchester Buys Mister A’s Building in Bankers Hill for $71.5 Million

San Diego’s Manchester Financial Group, led by prominent local developer Douglas “Papa Doug” Manchester, announced that it has acquired the Bankers Hill property long known as the Mister A’s Building for $71.5 million.

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Business Calendar for Week of November 7, 2016

Some of the business events planned in the county for the week of November 7, 2016, and beyond.

Thursday, November 3

Industry Off Base In PACE Financing Criticism

Gov. Jerry Brown recently signed Assembly Bill 2693 which improves the administration of Property Assessed Clean Energy (PACE) — a popular green finance program that has helped bring to life thousands of improvement projects in our region. The new law will not only help advance the state’s rigorous climate change agenda, it will also make PACE financing more accessible to thousands of property owners in the San Diego area.

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Gala Provides Police With Some Valuable Backup on the Beat

K9 Crimefighters were celebrated in style at the San Diego Police Foundation’s 5th Annual Gold Shield Gala, which attracted 300 community leaders to the US Grant hotel. Net proceeds were more than $280,000, including a $50,000 donation from the D.W. Hearst Jr. Foundation.

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Home of the month - Haven On Earth

Casa Piena is a spectacular country estate with stunning panoramic views of the backcountry in Poway’s Heritage Estates. A collaboration of old-world spirit and modern luxury, the home features lavish spaces of ancient stone, historical relics and materials from around the world. Seventeenth-century doors open to dramatic double spiral staircases that offer an inviting refuge from the outside world.

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Diverse Mix Shares Tepid Outlook, Limited Access to Capital

ECONOMY: Despite Recent Robust Growth, Cos. See Various Headwinds

San Diego business consultant Chris L. Shimojima admits his line of work gives him a somewhat skewed view of conditions facing many middle-market companies.

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Core Strength

Mid-Market Companies Dominate Locally in Job Growth, Investments

The National Center for the Middle Market doesn’t believe in jinxes, or it never would have posed the question.

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Firm Maintains its Lofty Perch Among Employment Law Experts

U.S. News & World Report has named Paul, Plevin, Sullivan & Connaughton as “Top Tier” in San Diego in three labor and employment categories: Employment Law-Management, Labor Law-Management, and Litigation-Labor & Employment. This is the seventh consecutive year of recognition for the local employment firm. Paul, Plevin is the only law firm in San Diego to have been named “Top Tier” in all three categories every year the list has been published.

Founder of Findables Now Searching for Interested Investors

FINANCE: Owner Seeks Non-Traditional Funds For Tracking Technology

Serial entrepreneur Arie Trouw has sold more than 100,000 wireless trackers through his latest company, which makes small, faceted colorful tabs called Finders that use Bluetooth technology to track easily lost items, such as keys.

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Different Kind Of Seed Stage

Investors and entrepreneurs are starting to see green in the legal cannabis industry, but there’s more than one way to cash in on the lucrative market. And some ventures are riskier than others.

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$25 Million Gift is SDSU’s Largest; Endows Business School

EDUCATION: Fowlers’ Matching Donation Boosts Campaign to $750M Goal

Local philanthropist and San Diego Padres Executive Chairman Ron Fowler and his wife Alexis have pledged a $25 million endowment gift to San Diego State University’s College of Business Administration. University officials said the gift is the largest in SDSU’s 119-year history.

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SDMAC: Military Grows to 20 Percent of Local Economy

DEFENSE: Annual Report Shows Sector Has Greater Impact Than Tourism

San Diego no longer looks like the military town it was at mid-century, when Horton Plaza was full of sailors, when the Consolidated plant on Pacific Highway turned out military aircraft and when giant radio antennas dominated neighborhoods.

Veterans Scratching Entrepreneurial Itch

WORKFORCE: Resources Assist in Career Transition

L.J. Eastmead left the U.S. Marine Corps with two anchors – a young son and a husband on active duty. But her career was adrift.

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Qualcomm Acquisition Broadens IoT Focus

TECHNOLOGY: NXP Buy Opens New Doors for Chipmaker

A big acquisition — one worth $47 billion — has the potential to give Qualcomm Inc. a broader focus and much more heft. Qualcomm (Nasdaq: QCOM) seemed to be resisting the semiconductor industry’s urge to pursue big acquisitions but finally revealed that it’s in the chase, too.

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Hera Labs Awarded $50,000 Grant From SBA

San Diego-based accelerator Hera Labs will get $50,000 from the U.S. Small Business Administration (SBA), the agency said.

Yeast-Maker Joining Beer Migration East

CRAFT BEER: N.C. Facility Could Extend Market Share

Following similar moves by the region’s biggest craft beer-makers, Miramar’s White Labs Inc. is extending its production and distribution footprint well beyond San Diego County.

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City Receives $100,000 Federal Grant to Revitalize 'Promise Zone'

The City of San Diego has been awarded $100,000 to create and put in place a comprehensive economic development strategy for revitalizing its new, federally designated “promise zone.”

Kratos Reports Q3 Net Revenue of $165.4 Million

Kratos Defense & Security Solutions Inc. reported a GAAP net loss of $23.6 million, or 39 cents per share, on revenue of $165.4 million during its third quarter, which ended Sept. 25.

Vacation Rental Focus Shifts From Ban to Enforcement

HOSPITALITY: Council Rejects Proposed Change, Seeks Clarifications

Two years of debate over how to regulate short-term vacation rentals in the city of San Diego recently came to a head, as hundreds of residents packed a City Council meeting to debate competing approaches to the problem of nuisances being created by renters booking stays in private homes through sites including Airbnb.

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UC San Diego Extension to Offer Coding Boot Camp

A big name in higher education is getting into a hot, business-oriented space: coding boot camps.

Luna Grill Obtains $30M in Financing for Future Growth

Operators of the San Diego-headquartered Luna Grill restaurants have secured nearly $30 million in financing, to aid its ongoing growth strategy. The fast-casual eatery has 29 current locations, with another 18 in the pipeline for 2017.

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Growth Potential

RESEARCH: Pair Has Designs on Mass CBD Production

What if the weed industry could brew cannabis like Budweiser brews beer — in big steel vats designed for large-scale production? It would certainly be better for business than waiting on cannabis plants to grow from the ground.

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Growth Potential

ECONOMY: Prop. 64 Could Open Many Business Lines

Excuse Dion Markgraaff if he seems a little charged up about the business opportunities that await if Californians vote to legalize recreational marijuana. Over-enthusiasm sort of comes with the territory.

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Jerome’s Furniture Taps Bligh As New COO

San Diego-based Jerome’s Furniture has named Kevin Bligh as its new chief operating officer, heading the retailer’s financial and business operations.

San Diego Firm Buys La Mesa Apartments for $17 Million

An affiliate of San Diego-based John Jaffe Co. LP of San Diego has purchased a 60-unit apartment property in La Mesa for $17 million, according to brokerage firm CBRE Group Inc.

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Cellana Inc., PIVEG Inc. Team to Develop Algae-Based Products

Local nutritional supplement firm Cellana Inc. is teaming up with PIVEG Inc., a San Diego-based ingredient company, to develop Omega-3 oils and other high-value products made from algae biomass.

Convention Center Names New Chief Business Development Officer

Operators of the San Diego Convention Center have hired Mohsen Khaleghi to serve as the facility’s new senior vice president and chief business development officer.

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Wednesday, November 2

Sempra's Q3 Earnings Hit $622M; SDG&E Posts $183M

Sempra Energy posted a big jump in third-quarter earnings, due mainly to a gain related to one of its subsidiary’s purchase of a Mexican pipeline builder and operator. After adjusting for one-time items, the company beat analysts’ profit expectations but missed on revenue.

Qualcomm Inc. Beats Estimates, Reports Q4 Net Income of $1.6 Billion

Wireless technology specialist Qualcomm Inc. reported net income of $1.6 billion on revenue of $6.2 billion in its fourth quarter, which ended Sept. 25.

Oceanside Chamber Names CEO

Scott Ashton will lead the Oceanside Chamber of Commerce as CEO starting Nov. 15.

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Phoenix Firm Plans New Self-Storage Facilities After $27.8M in Building Purchases

Phoenix-based Wentworth Storage Co. LLC has acquired two industrial properties in San Diego and Chula Vista for a total of approximately $27.8 million, with plans to convert them into self-storage facilities, the development and investment firm announced.

La Mesa Apartment Building Sells for $10.9 Million

Real Asymmetry King LLC of San Diego has acquired an 80-unit apartment property in La Mesa for $10.9 million, according to brokerage firm South Coast Commercial Inc.

Ocean Beach Apartments Sold for $2.15 Million

Neel Pujara of Carlsbad and Green Storm LLC of La Palma have acquired an eight-unit apartment complex in San Diego’s Ocean Beach community for $2.15 million, according to brokerage firm Apartment Consultants Inc. (ACI)

Startup Releases Augmented Reality App, Raises $2 Million in Seed Round

A stealthy ex-Googler who moved his small startup to San Diego earlier this year has finally stepped out of the shadows with a new augmented reality app and a $2 million seed round.

Carlsbad Office Property Sold to L.A. Firm for $19 Million

An affiliate of Los Angeles-based The Wonderful Co. has purchased a Carlsbad office and industrial building for $19 million, according to CoStar Group and public data.

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Illumina Inc. Posts Q3 Revenue of $607 Million

Local science technology firm Illumina Inc. reported third-quarter revenue of $607 million, a 10 percent increase compared to the same period last year. But as anticipated, the company’s earnings came in under its guidance of $625 million to $630 million, and also fell short of Wall Street’s expectations.

Tuesday, November 1

Navy Awards Northrop Grumman Corp. $10.4 Million Contract

The U.S. Navy awarded Northrop Grumman Corp. a $10.4 million contract modification to produce one additional Fire Scout unmanned helicopter, using 2017 funds. The larger of the two Fire Scout models, the MQ-8C is a Bell model 407 helicopter modified to operate autonomously. One third of the work will be performed in San Diego.

Homes Prices Edge up 5.9 Percent Since September 2015

San Diego County home prices rose half a percent in September and are expected to register nearly as big an increase (0.4 percent) in October, according to a Nov. 1 report by Irvine-based financial information provider CoreLogic Inc.

Joy Frieman Honors Husband With $2.5M Donation to UC San Diego

Joy Frieman, the wife of late Scripps Institution of Oceanography director Edward A. Frieman, has given $2.5 million to the University of California, San Diego in memory of her husband, who died in 2013.

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Aya Healthcare Acquires Orange County Firm

Aya Healthcare, a San Diego-based provider of travel nursing and hospital workforce solutions, announced Nov. 1 it has acquired HealthCare Select, a vendor-neutral software company headquartered in Dana Point. Terms were not disclosed.

Nine Startups Begin Entrepreneurs in Residence Program at CyberTECH

Local technology membership group CyberTECH announced nine startups have entered its Entrepreneurs in Residence program.

San Diego Firm Plans $25M Renovation of Arizona Center

San Diego’s Parallel Capital Partners will soon begin work on a $25 million renovation of Arizona Center, a mixed-use retail property in downtown Phoenix that it purchased last year.

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Pacific Beach Apartment Property Sells for $3.3 Million

Calowa Investments LLC of Vermillion, South Dakota, has purchased a 10-unit apartment property in San Diego’s Pacific Beach neighborhood for $3.3 million, according to brokerage firm Apartment Consultants Inc. (ACI)

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Software Startup Classy Raises $30 Million in Venture Capital

San Diego software startup Classy Inc. has landed $30 million in venture capital to polish its fundraising tool for social ventures and nonprofits.

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