Stories for October 2016

Monday, October 31

BofI Holding Reports Q1 Net Revenue of $28.9 Million

BofI Holding Inc., parent company of San Diego-based BofI Federal Bank, said net revenue for the first quarter that ended Sept. 30 was up 13.3 percent to $28.9 million compared to the same quarter last year, when money from sales totaled $25.5 million.

2016 Women Who Mean Business Awards – Tickets Going Fast!

The San Diego Business Journal’s 2016 Women Who Mean Business Awards is just over a week away. This longstanding awards program celebrates its 23rd year in honoring the exceptional women who have made a difference in San Diego’s business, cultural and civic scene.

L.A. Company Buys Oceanside Industrial Building for $7.2 Million

Los Angeles-headquartered Rexford Industrial Realty Inc. has acquired an Oceanside industrial building for approximately $7.2 million, the company announced.

Tease photo

Economic Index Remains Relatively Flat

A local economic index remained unchanged in September, with as many positive indicators and negative ones, contributing to a flattening performance curve that was much bumpier during the last 12 months.

Navy Awards Contract Worth $83 Million to NASSCO

General Dynamics NASSCO received a U.S. Navy contract to provide depot-level maintenance to the USS Boxer.

GovX Inc. Receives Equity Investment of $3.7 Million

E-commerce business GovX Inc. received an equity investment of $3.7 million in mid-October.

San Diego Apartment Property Sells for $3.37 Million

Tomic Villas Apartments San Diego LP, based in Newport Beach, has acquired an 18-unit apartment property in San Diego’s Rolando neighborhood for approximately $3.37 million, according to brokerage firm South Coast Commercial Inc.

Tease photo

PR Veterans Form New Firm

Three San Diego communications professionals have joined together to launch a new advertising and public relations firm.

Tease photo

Local Developer Plans $30M Carlsbad Industrial Project After Land Buy

RAF Pacifica Group has announced plans for a new $30 million speculative industrial building in Carlsbad, the latest of several North County projects planned by the Encinitas-based company.

Tease photo

Silicon Valley-Based Accelerator Sets Up Shop at S.D. Coworking Space

A Silicon Valley-based global startup accelerator is partnering with local coworking space Downtown Works to open a San Diego location.

Tease photo

Sunday, October 30

San Diego Hotels Posting 2016 Gains in Key Metrics

San Diego County hotels saw total revenue rise 4.6 percent from a year ago in 2016’s January-to-September period, topping $2.08 billion, according to the latest monthly data from industry research firm STR.

S.D. Airport Passenger Traffic Up 3.4 Percent So Far in 2016

Passenger traffic at San Diego International Airport rose 3.4 percent from a year ago in the first nine months of 2016, topping 15.5 million, according to the latest monthly data from the San Diego County Regional Airport Authority.

MyDx Launches Sensor Allowing Users to Test Fruits, Vegetables and Cannabis

San Diego’s MyDx Inc., a company that makes a handheld chemical analyzer for consumers, has launched a sensor chip that will allow users to test fruits, vegetables, and cannabis for pesticides and heavy metals.

Tease photo

Grant Will Help Maritime Alliance Promote Export Opportunities From Local BlueTech Cos.

San Diego may have a big export opportunity in ocean-related technology, and is gaining a leadership role.

Developer Plans $16 Million Industrial Campus in Escondido

Badiee Development Inc. plans to build a new $16 million industrial campus in Escondido, the second industrial project in that city to be announced recently by the San Diego-based developer.

Tease photo

Cubic Receives $12.7M Contract From Atlanta Rapid Transportation Authority for Fare Services

Cubic Corp. said it received a two-year, $12.7 million contract extension from Atlanta’s rapid transit operator for automated fare collection maintenance services.

The Business Calendar for the Week of October 31, 2016

Some of the business events scheduled in the county for the week of October 31, 2016, and beyond.

Real Estate Associations Clash in Court Over MLS

Two of the county’s three largest local real estate trade associations want a court to order the dissolution of Sandicor Inc., San Diego’s regional multiple listing service, in such a way as to ensure none of the groups can use the listings.

PURE Bioscience Reports 77% Increase in Annual Revenue

PURE Bioscience Inc., creator of an antimicrobial that can be safely sprayed directly on food to kill harmful bacteria, reported a 77 percent increase to its annual revenue this year.

Golden Hill Apartment Property Sells for $2.8M

Investor Alex Mincks of San Diego’s Mincks Family Trust has acquired an 11-unit apartment property in the city’s Golden Hill neighborhood for $2.8 million, according to brokerage firms Apartment Consultants Inc. (ACI) and Apartment Realty Group.

Tease photo

Friday, October 28

Business Calendar for Week of October 31, 2016

Some of the business events planned in the county for the week of October 31, 2016, and beyond.

San Diego Hotels Posting 2016 Gains in Revenue, Other Key Metrics

San Diego County hotels saw total revenue rise 4.6 percent from a year ago in 2016’s January-to-September period, topping $2.08 billion, according to the latest monthly data from industry research firm STR.

San Diego Airport Passenger Traffic Up 3.4 Percent So Far in 2016

Passenger traffic at San Diego International Airport rose 3.4 percent from a year ago in the first nine months of 2016, topping 15.5 million, according to the latest monthly data from the San Diego County Regional Airport Authority.

Tease photo

Golden Hill Apartment Property Sells for $2.8 Million

Investor Alex Mincks of San Diego’s Mincks Family Trust has acquired an 11-unit apartment property in the city’s Golden Hill neighborhood for $2.8 million, according to brokerage firms Apartment Consultants Inc. (ACI) and Apartment Realty Group.

Tease photo

PURE Bioscience Inc. Reports 77% Increase in Annual Revenue

PURE Bioscience Inc., creator of an antimicrobial that can be safely sprayed directly on food to kill harmful bacteria, reported a 77 percent increase to its annual revenue this year.

Real Estate Associations Clash in Court Over Their MLS

Two of the county’s three largest local real estate trade associations want a court to order the dissolution of Sandicor Inc., San Diego’s regional multiple listing service, in such a way as to ensure none of the groups can use the listings.

Developer Plans a $16 Million Industrial Campus in Escondido

Badiee Development Inc. plans to build a new $16 million industrial campus in Escondido, the second industrial project in that city to be announced recently by the San Diego-based developer.

Tease photo

MyDx Inc. Launches Sensor to Test Fruits, Vegetables and Cannabis

San Diego’s MyDx Inc., a company that makes a handheld chemical analyzer for consumers, has launched a sensor chip that will allow users to test fruits, vegetables, and cannabis for pesticides and heavy metals.

Tease photo

Thursday, October 27

Cohu Inc. Reports Q3 Net Sales of $69.3 Million

Poway-based Cohu Inc. reported net income of $269,000 — a penny a share — on net sales of $69.3 million during its third quarter, which ended Sept. 24.

County’s Construction Starts Rose 31 Percent in First Nine Months of 2016

San Diego County’s construction starts rose 31 percent from a year ago in the first nine months of 2016, topping $3.18 billion in value, according to the latest monthly figures from Dodge Data & Analytics.

National Funding Will Be Title Sponsor of Holiday Bowl

San Diego-based alternative lender National Funding has signed on as title sponsor of the upcoming Holiday Bowl for the second year running.

Avanti Opens Coworking Space in Carlsbad

A new 22,000-square-foot coworking space is opening in Carlsbad, joining a slew of newcomers to the market of shared office space.

SDBJ Wins 17 Awards at Press Club's Excellence in Journalism Contest

The San Diego Business Journal took home 16 awards at the 43rd Annual Excellence in Journalism Awards dinner on Oct. 25.

David Moskowitz Hired to Shape Strategy at Biocept Inc.

Biocept Inc., a liquid biopsy test maker in San Diego, has appointed David Moskowitz to the newly created role of vice president of strategy and corporate communications.

Tease photo

Third Quarter Revenue Rises 7.1 Percent at Realty Income Corp.

Total third-quarter revenue at Realty Income Corp. rose 7.1 percent from a year ago, reaching $277.2 million for the period ending Sept. 30, the San Diego-headquartered company reported.

Carlsbad Office Buildings Sold for $5.8 Million

El Segundo-based Alvarez & Marsal Capital Real Estate LLC has acquired two Carlsbad office buildings for a total of $5.8 million, according to brokerage firm Cushman & Wakefield.

Tease photo

Qualcomm Confirms $37.9 Billion Purchase of NXP Semiconductors

Confirming weeks of rumors, Qualcomm said it plans to acquire publicly traded NXP Semiconductors N.V. for $110 per share in cash, or about $37.9 billion.

Help the Chargers Help Us; Vote Yes on Measure C

San Diego is a special place for many reasons, one of which is that it is home to a rare asset — a National Football League franchise. To retain that asset, and to leverage it in a way that brings maximum benefit to the local economy for years to come, voters should approve Measure C on next month’s ballot, paving the way for a new downtown home for the San Diego Chargers.

Tease photo

Shipyard Cos. Deliver a Cargo of Fun to Our Lady’s School

Our Lady’s School in Barrio Logan, a Jesuit educational institute, received a special delivery from San Diego’s shipbuilding and ship repair organizations recently.

Tease photo

Private ‘Conversations’

MedCrypt Aims to Take Dangers Out Of Medical Device Communications

Medical devices, like anything else hooked to the internet, can offer a convenient door for intruders wanting to enter a device or an entire hospital network. Responding to the hacker threat, a bicoastal startup called MedCrypt is building a business on medical device security.

Tease photo

Securing An Advantage

Webroot Assembles Assets and Acquisitions Into an Effective Force For Cybersecurity

To hear Hal Lonas tell it, the choice was obvious. In fact, it wasn’t much of a choice.

Tease photo

Visceral Aims to Shape Brands While Shaping a Better World

TECH: B2B Design and Development Services Target Cause-Based Groups

Ten years ago, programmer Jay Buys was spending his professional hours building Facebook apps that could sell ringtones for a big public relations firm.

Tease photo

In this Case, SaaS Could Stand for ‘Software as a Stylist’

Who knew that hair dye could be at the heart of a disruptive technology business?

Energy Storage System Looks to Leave Grid in Backup Role

ENERGY: Co. Designs Software, Hardware for Battery-Based System

In a reflection of the opportunity facing the home energy storage industry, a San Diego battery manufacturer formed in August says it has signed five contracts totaling more than $4 million and is already planning an expansion to meet domestic and international demand.

Tease photo

5 Tips For Fintech Entrepreneurs

…according to Kevin Dinino, president of KCD PR, a San Diego-based public relations and marketing firm that works with financial and technology clients nationwide.

Tease photo

Spanos Goes for Two: He Adds Accelerator to Convadium

San Diego business accelerator CONNECT is launching a diversity-focused startup incubator and accelerator program called CONNECT ALL.

Tease photo

Making Its Way

Company Avoids VC Funding Route, While Raising $20 Million in Capital

Earlier in his career, Leading BioSciences Inc. CEO Greg Doyle started and sold four businesses, raising more than $60 million in seed and Series A and B funds for his startups.

Tease photo

Knowing Buyers’ Journeys Is Key to Mapping Sales Strategies

TECH: Digital Marketing Co. Sees and Taps Potential Of Variety of Platforms

To succeed at digital marketing, Internet-based companies are under pressure to have business practices that evolve at the same rapid pace as computer technology.

Tease photo

Headphones Have Something For the Eyes as Well as the Ears

TECH: Eco-Friendly Custom Designs Leave Room for User’s Personality

Everything old is new again. When Rich Bracke talks about putting something different into the consumer electronics that his business develops and sells, he talks about … wood.

Tease photo

Software Could Shift Load for Truckers

LOGISTICS: Smaller Carriers Get More Access to Shippers

It’s a long road with nothing but prairie between Ogallala and North Platte, Neb.

Tease photo

Beer Week Pairs Well With Time and Place

TOURISM: November Dates Fill Void, Attract Good Mix

Hotel operator Elvin Lai knows first-hand that the annual San Diego Beer Week delivers a potent business kick to what is otherwise a so-so period for the local hospitality industry.

Tease photo

Principle Players

ECONOMY: Rankings Aim to Take the Measure Of For-Benefit Companies

A walk through the shared offices of local startups should be sufficient proof that “for-benefit” companies are a particular favorite of millennial entrepreneurs.

Tease photo

Wednesday, October 26

Fowlers’ Name to Adorn SDSU Business School After $25M Gift

Local philanthropist and San Diego Padres Executive Chairman Ron Fowler, with 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.

Tease photo

City Heights Apartments Sell for $2.09 Million

Xavier Family Trust of Del Mar has purchased a 14-unit apartment building in San Diego’s City Heights neighborhood for $2.09 million, according to brokerage firm South Coast Commercial Inc.

Tease photo

Jamul Indian Village Completes $460 Million Refinancing of Casino

Jamul Indian Village completed a $460 million refinancing of its Hollywood Casino Jamul-San Diego development project, the Indian band said Oct. 24. The casino opened Oct. 10 in San Diego’s East County region.

UC San Diego Receives $1.4 Million, Cyber-Focused Federal Grant

The local University of California campus received a $1.4 million award from the U.S. Department of Homeland Security to explore the global internet and push the frontiers of cybersecurity research.

San Diego Retail Center Sells for $8.1 Million

Diversified Properties of Solana Beach has acquired the Bay City Plaza retail center in southern San Diego for $8.1 million, according to brokerage firms Voit Real Estate Services and Cushman & Wakefield.

Tease photo

Allele Biotechnology Raises $11 Million

San Diego-based Allele Biotechnology & Pharmaceuticals Inc. has raised $11 million in equity funding, according to regulatory filings.

Developer Gets $145M in Refinancing for UTC Apartments

San Diego-based developer The Premiere Residential has obtained $145 million in refinancing for two apartment communities in University Towne Center, according to CBRE Group Inc., which arranged the financing.

Tease photo

Mamma Chia Expands Leadership Team

Local beverage maker Mamma Chia is filling out its senior leadership team with four new hires focused on sales, marketing and operations.

Tease photo

Tuesday, October 25

Potential 700 Layoffs at General Dynamics NASSCO

San Diego shipbuilder General Dynamics NASSCO is warning 700 employees that they may be laid off in January, a company spokesman said Oct. 25.

Solar System to Power Thunderbird Products' El Cajon Facility

Thunderbird Products joined San Diego’s Sullivan Solar Power Oct. 25 in announcing the completion of a 74.43-kilowatt-AC photovoltaic installation at its El Cajon manufacturing facility.

ROIC Posts Revenue Increase in Third Quarter

San Diego-based Retail Opportunity Investments Corp. posted an 18.5 percent increase in total third-quarter revenue from a year ago, reaching $59.4 million for the period ending Sept. 30.

NuVasive Reports Q3 Net Income of $21.1 Million

San Diego medical device maker NuVasive Inc. reported an increase in profit for its third quarter (ended Sept. 30) compared with the same period last year.

ResMed Posts Q1 Year-Over-Year Profit

San Diego medical device maker ResMed Inc. announced a boost to its profit in its first quarter (ended Sept. 30) compared to the same period last year.

BNBuilders Gets $23.8 Million Contract For UCLA’s Geffen Academy

The San Diego office of general contractor BNBuilders was recently awarded a $23.8 million contract to build Geffen Academy, a new college preparatory school on the campus of University of California Los Angeles.

Tease photo

El Cajon Medical Office Property Sold for $3.27 Million

Thu Tran and Lisa Tran Trust of La Jolla has acquired an El Cajon medical office complex for $3.27 million, according to brokerage firm The Heritage Group.

Tease photo

Illumina Inc. to Collaborate with North Carolina-Based Q2 Solutions

Local science technology firm Illumina Inc. is collaborating with North Carolina-based Q2 Solutions to establish a framework for developing companion diagnostics, medical tests that are used “as a companion” to a drug to see if the drug is going to work for the patient.

Rhone to Acquire Manufacturer Zodiac Pool Solutions

The owner of Zodiac Pool Solutions SAS, a pool and spa manufacturer operationally headquartered in Vista, has agreed to sell the company to investment funds affiliated with global asset management firm Rhône.

Monday, October 24

John David Wicker Named Athletic Director at SDSU

San Diego State University has named John David Wicker as athletic director. Wicker was previously deputy athletic director at SDSU from 2011 to 2015, when he took a job in the athletic department at Georgia Tech.

Tease photo

CONNECT Hopes to House Diversity Accelerator in Proposed Downtown Convadium

San Diego business accelerator CONNECT is launching a diversity-focused startup incubator and accelerator program called CONNECT ALL.

Ostendo Technologies Raises $41.8 Million

Carlsbad-based Ostendo Technologies Inc. recently raised $41.8 million for its business leveraging a novel technology that it has developed. Ostendo makes a microchip that gives a smartphone the ability to project an image on a wall.

Test Of Strengths - How Do S.D.’s Startup Ingredients Stand Up Against the Competition?

Much is made of how San Diego measures up to the nation’s top startup communities of San Francisco, Silicon Valley and New York City.

Measure C Debate - AGAINST

AGAINST: Proposal Off Mark Financially, Wrong for City Core

A business executive making a major investment will always examine all facets of the investment — size, risk, investment return and fit. Measure C, the San Diego Chargers’ initiative to raise San Diego’s tourism occupancy tax, would not measure up. Period.

Tease photo

Measure C Debate - FOR

FOR: First-Rate Facilities Essential to Vibrant Region

Bumble Bee Seafoods, the company I run from here in downtown San Diego, represents one of the most well-known brands around. Of course, San Diego has a great brand, too: As a great place to live or visit, as a wonderful place to start or expand a business, and as a fantastic place to raise a family.

Tease photo

S.D. Law Firms' Real Estate Footprint Relatively Unchanged; Rents Remain High

A study released Monday by Chicago-based real estate investment and advisory firm JLL on the real estate outlook for law firms in San Diego said local firms have not decreased their footprints as much as firms have in some other primary U.S. markets.

Good Works Are Always on the Schedule for EY’s Connect Day

EY’s annual EY Connect Day is Sept. 30 each year, per a proclamation by San Diego Mayor Kevin Faulconer.

Tease photo

Put Your Life on Course for Luxury Living at Country Club

On the most southwestern edge of Rancho Santa Fe off San Dieguito Road is the Del Mar Country Club, one of the county’s finest golf courses and communities.

Tease photo

Oceanside Industrial Properties Sold for $16.2 Million

An affiliate of Denver-based Industrial Property Trust Inc. has acquired a 13-property portfolio in Oceanside for $16.2 million, according to CoStar Group and public data.

Tease photo

Mitek Relocates Headquarters to Downtown San Diego

Locally based Mitek Systems Inc., which makes software geared to mobile image capture and identity verification, is relocating its headquarters to 600 B St. in downtown San Diego, according to brokerage firm Colliers International Group Inc.

Tease photo

UC San Diego, Tata Trusts Establish Research Organization

The University of California, San Diego is collaborating with Indian philanthropic organization Tata Trusts to establish a research organization in India called Tata Institute for Active Genetics and Society.

Tease photo

Karl Strauss Brewing Slates Opening for New L.A. Location

San Diego’s Karl Strauss Brewing Co. plans a Nov. 14 opening for its satellite brewery and brewpub in downtown Los Angeles, which will be the company’s 11th Southern California location.

Tease photo

Drugmaker aTyr Pharma's Leading Drug Gets Fast-Track Designation

San Diego drugmaker aTyr Pharma Inc. has received Fast Track designation from the U.S. Food and Drug Administration for its leading drug candidate Resolaris.

Sunday, October 23

In 12-Month Period, State Adds 30,900 Construction Jobs

California led the way for U.S. states in adding construction jobs in the 12 months that ended in September, according to analysis of Labor Department data released by the Associated General Contractors of America.

UK Opens Office in San Diego to Promote Economic and Cultural Ties

The United Kingdom announced the opening Oct. 21 of a new San Diego office intended to strengthen its existing economic and cultural ties with the city.

GA ASI Gets $310 Million Army Contract

The U.S. Army awarded General Atomics Aeronautical Systems Inc. a $310 million contract for one year of logistics to sustain the Army’s Gray Eagle unmanned aircraft.

Cybersecurity Co. PacketSled Signs One-Year Deal With City to Strengthen 'Smart City Network'

San Diego cybersecurity startup PacketSled said this week it had signed a one-year contract with the city of San Diego to strengthen its “smart city” network.

Awards of Distinction Honorees Announced for the 2016 Women Who Mean Business Awards – Purchase Your Table Today!

The San Diego Business Journal has announced the Award of Distinction honorees for the 2016 Women Who Mean Business Awards.

The Business Calendar for the Week of October 24, 2016

Some of the business events planned in the county for the week of October 24, 2016, and beyond.

Salk Professor Awarded Grant for Work in Organ, Tissue Generation

Juan Carlos Izpisua Belmonte, a professor at the Salk Institute for Biological Studies, has been awarded a $2.5 million grant to continue his work in stem cell biology and regeneration.

Tease photo

S.D.'s Unemployment Rate at 4.7% for September

San Diego County’s unemployment rate improved again in September, dipping to a seasonally unadjusted 4.7 percent from 5 in August, amid overall improvement in services and government employment.

Some of Lean Startup Conference in San Francisco to Be Live Streamed Locally

Entrepreneurs and startup folks in San Diego can tune in to the popular Lean Startup Week conference in San Francisco by attending a live stream event at the San Diego Central Library.

Friday, October 21

County Unemployment Rate Down to 4.7 Percent for September

San Diego County’s unemployment rate improved again in September, dipping to a seasonally unadjusted 4.7 percent from 5 in August, amid overall improvement in services and government employment.

PacketSled Signs One-Year Deal With City to Strengthen 'Smart City Network'

San Diego cybersecurity startup PacketSled said this week it had signed a one-year contract with the city of San Diego to strengthen its “smart city” network.

In 12-Month Period California Adds 30,900 Construction Jobs

California led the way for U.S. states in adding construction jobs in the 12 months that ended in September, according to analysis of Labor Department data released by the Associated General Contractors of America.

Business Calendar for Week of October 24, 2016

Some of the business events scheduled in the county for the week of October 24, 2016, and beyond.

UK Opens Office in S.D. to Promote Economic and Cultural Ties

The United Kingdom announced the opening Oct. 21 of a new San Diego office intended to strengthen its existing economic and cultural ties with the city.

Part of Lean Startup Conference in San Francisco to Be Live Streamed Locally

Entrepreneurs and startup folks in San Diego can tune in to the popular Lean Startup Week conference in San Francisco by attending a live stream event at the San Diego Central Library.

Salk Professor Awarded Grant for Work in Tissue, Organ Generation

Juan Carlos Izpisua Belmonte, a professor at the Salk Institute for Biological Studies, has been awarded a $2.5 million grant to continue his work in stem cell biology and regeneration.

Tease photo

Thursday, October 20

Seacoast Commerce Assets Increase to $578.9 Million

Third-quarter income at Seacoast Commerce Banc Holdings was just shy of $1.5 million in the third quarter, virtually unchanged compared to the same quarter of 2015, Seacoast Commerce Bank’s parent company said Thursday.

Minimum-Wage Hike Remains Concern in Monthly S.D. Chamber Survey

Despite looming minimum-wage increases, relatively few San Diego County businesses see a benefit in cutting their employees’ work weeks to 30 hours, according to a recent survey.

WD-40 Co. Reports $52.6 Million in Net Income for 2016

WD-40 Co. reported a 20 percent increase in profits for fiscal 2016.

Organovo Holdings Hopes to Raise $25M in Public Stock Offering

Organovo Holdings Inc., the San Diego firm that “bioprints” three-dimensional human tissue, is hoping to raise $25 million in a public offering of its stock.

Abacus Data Systems Inc. Rolls Out New Brand: Abacus Next

San Diego-based Abacus Data Systems Inc. has taken a new name: Abacus Next.

Michael J. Kamdar Takes Helm at Molecular Assemblies Inc.

San Diego biotech Molecular Assemblies Inc. has appointed Michael J. Kamdar as CEO and director.

Scripps Whittier Diabetes Institute Receives $2.9 Million NIH Grant

The Scripps Whittier Diabetes Institute has received a $2.9 million grant from the National Institutes of Health – its third from the agency in 13 months – to study the effectiveness of algorithm-driven text messages in managing the disease among high-risk Latinos in San Diego County.

New, Advanced Arresting Gear for Carriers Gets Its First Jet

Its technology bound for a new generation of aircraft carriers, General Atomics’ advanced arresting gear trapped its first jet on Oct. 13.

Tease photo

On Deck

Contractors Look to Be The One to Land Lucrative Deal for Aircraft-Carrier-Based UAV

It’s a military aircraft project easily worth billions of dollars, perhaps north of $10 billion, with a good chance of going to a San Diego vendor.

Tease photo

The Munificent Five

Innovate 78 Brings North County Cities Together to Cooperate Rather Than Compete for Businesses

Michael Bronner, president of Dr. Bronner’s natural soap company, probably didn’t know it, but in 2013 he witnessed what passes for a minor miracle these days in city government.

Tease photo

Keeping It Casual

Abnormal Wine Co. Finds Approachability Serves It Well in Brewing, Dining and Wine

L earning to appreciate the nuances and intricacies of wine can be daunting.

Tease photo

Awards Raise Support for Victims of Human Rights Violations

More than 375 legal professionals and guests helped honor some terrific individuals last week at Casa Cornelia Law Center’s Ninth Annual La Mancha Awards.

Kleinfelder Names John A. Murphy CFO, Patrick Schaffner SVP

Civil engineering firm Kleinfelder on Thursday said John A. Murphy has been named chief financial officer and executive vice president and Patrick Schaffner has been named senior vice president and director of human resources.

Tease photo

Trolley’s UTC Extension Could Deliver for Malls and Shoppers

Heavy-duty shoppers (of which I am not one) could see at least one big new benefit when San Diego’s trolley system makes its way to the University Towne Center area around 2021. It’s the chance to visit two of the area’s major malls via one trip on mass transit — or three malls with a transfer.

It’s Better to Both Give and Receive on DonationMatch

GIVING: Platform Helps Cos. Direct Donations to The Desired Causes, Locales

An airline wants to give away a travel package to benefit a local charity. A fundraising group is holding its annual gala and looking for companies to contribute to its silent auction.

Tease photo

Panel Addresses Missed Opportunities in San Diego Workforce

WORKFORCE: Low Participation of Women, ‘Disconnected Youth’ Cited

Local housing costs remain as intractable as ever, but at a recent brainstorming session on the region’s economic hurdles, San Diego business people proposed hopeful strategies for turning around the underrepresentation of women in the workforce and the relatively large share of young people not working or going to school.

Tease photo

App Is Always Ready to Open the Door for User Purchases

MARKETING: Big Data Gets Personal, Identifying Customers’ Needs, Wants

Digital marketing firm i3 Brands Inc. is developing a mobile app that uses Big Data and geo-fencing to make sure ads are placed before the consumers who are most likely to make purchases.

Tease photo

Celebrity Aura May Help Health, Well-Being App to Profit

TECH: Deepak Chopra’s Reputation Should Help In Attracting Users

Wellness guru Dr. Deepak Chopra can only write so many New York Times bestsellers. At some point, if his many followers want to know something as obscure as what supplement to take for reducing jet lag, they’re going to have to download his smartphone app, Jiyo.

Tease photo

Revolve Microscope Appears to Be Ready for Starring Role

BIOTECH: Hurdles Include Manufacturing, Gaining Wide Acceptance

An accountant once told me that fast-growing startups mistakenly “build Taj Mahals” for their company headquarters, sinking all their money into beautiful buildings when they should be sinking it into their technology.

Tease photo

Hungry Startup Is Targeting the Restaurant and Hospitality Business

WORKFORCE: Hiring Site Serves Eateries and Employees

Cody Barbo looks uncharacteristically tired as we walk through the coworking space he calls home, settling at a table drenched in afternoon sun. The light casts shadows under his eyes and his hair — normally perfectly coiffed — is ever so slightly mussed.

Tease photo

Software Leads Pack In Q3 VC Investment

INVESTMENT: $197.9M Makes for Fairly Strong Q3

The total invested in San Diego companies by venture capitalists in the third quarter was the highest year-to-date total since 2012.

CEO of Mountain Health Still a Healing Force

MEDICINE: Expanding Access Is One of Her Passions

When Judith Shaplin and her family moved to eastern San Diego County, her grade-school principal noticed the little girl’s interest in medicine and put her in charge of cleaning up other kids’ playground scrapes.

Tease photo

Talent Pool

SPORT: Aqua Lung Looks To Pass Competitors With The Help of Michael Phelps

Quick. Name one of the biggest French companies in San Diego’s North County. One that balances showy, high-stakes athleticism with the silence of military covert operations. One built on a legacy of undersea exploration.

Tease photo

Wednesday, October 19

Qualcomm Bringing 5G Modem to Market

Qualcomm Inc. said it is bringing a fifth-generation modem to market, offering a way for wireless devices to communicate at ultra-fast speeds over dedicated radio frequencies.

East Village Project With Ritz-Carlton Hotel Gets City Approval

The San Diego City Council has approved the city’s first Ritz-Carlton Hotel, along with a Whole Foods grocery store and housing, in a $400 million mixed-use development project in East Village.

Alex Rogers Named President of Qualcomm Technology Licensing

Qualcomm Inc. appointed Alex Rogers as president of its intellectual property arm, Qualcomm Technology Licensing. Rogers, a 15-year employee, has led Qualcomm’s licensing arm since March and has led its litigation department since 2007.

Tease photo

SDSU to Offer Online Business Administration Degree

San Diego State University is launching an online undergraduate business administration degree program.

Martin Latterich Named Vice President at Histogen Inc.

San Diego’s Histogen Inc., a regenerative medicine company, has appointed Martin Latterich as vice president of technical operations.

Betty Ford Center to Open Treatment Center in Del Mar Heights

The Betty Ford Center plans to open a new outpatient addiction treatment center in mid-December in Del Mar Heights.

Tuesday, October 18

LRAD Corp. Receives $1.3M Contract From Undisclosed Foreign Company

LRAD Corp. received a $1.3 million order for mobile mass-notification systems, the North County company announced on Oct. 18.

Navy Awards Poway Company Five-Year, $35.7 Million Contract

A new U.S. Navy contract may be worth up to $35.7 million for a Poway-based company.

American Wave Machines to Equip Australian Venue

Solana Beach-based American Wave Machines Inc. has landed a contract to equip an indoor surf venue in Australia with its SurfStream wave machine.

San Diego Chosen to Host Extreme Sailing Series in 2017

An international sailing competition known for staging high-speed races in exotic locales will make its debut in San Diego next year as part of a return to the Americas after six years away.

Michael O’Hanlon Appointed COO at OliverMcMillan

Commercial real estate development firm OliverMcMillan said Tuesday it has hired Michael O’Hanlon as chief operating officer.

Tease photo

Ray Padilla Hired to Run Odgers Law Group's New Mission Valley Office

San Diego estate planning law firm Odgers Law Group has opened an office in Mission Valley and hired attorney Ray Padilla to run it.

Sirenas, Calibr to Collaborate on Drug Discovery and Development

Biotech upstart Sirenas LLC is collaborating with the California Institute for Biomedical Research (Calibr) to discover and develop drugs.

Sempra's Mexican Subsidiary Exceeds Goal in Private/Public Offering

Sempra Energy announced its Mexican subsidiary has raised more than anticipated in a public and private offering of common stock set to close Oct. 19, selling the equivalent of $1.575 billion, or 10 percent more than originally expected.

Monday, October 17

Ash Robinson Named CEO of FIT4MOM

Ash Robinson has been named CEO of FIT4MOM, the San Diego-based wellness company tailored to mothers that has more than 1,300 locations nationwide.

Tease photo

Pacific Imperial Railroad Files for Bankruptcy

Pacific Imperial Railroad has filed for Chapter 11 bankruptcy protection as part of its plan to reopen an east-west line connecting Mexican maquiladoras with the U.S. freight rail system.

Feetz Inc. and DSW to Launch Two Pop-Up Stores

San Diego startup Feetz Inc., a company that uses 3D printing technology to make custom-fit shoes, has launched a pop-up shop within DSW Inc. shoe store locations in New York City and San Francisco.

American Laboratory Trading Partners With Agilent Technologies

American Laboratory Trading (ALT) has partnered with Agilent Technologies, one of the world’s largest manufacturers of life science equipment, to sell factory-refurbished lab equipment.

S.D. Venture Group Sets Deadline for Pitchfest Applications

Southern California startups have until 5 p.m. Friday to apply for San Diego Venture Group’s PitchFest.

New DoD Tech Office Awards Kratos $12.6 Million Contract

San Diego-based Kratos Defense & Security Solutions Inc. said it received a $12.6 million single-award prime contract to integrate sensors into an unmanned aerial vehicle.

Laguna Blends Acquires Marketing Rights to Carlsbad Naturals Brands

Canadian firm Laguna Blends Inc. is acquiring marketing rights for, and an equity interest in, two brands by nutraceutical water company Carlsbad Naturals LLC in a $1.8 million deal.

Qualcomm Files Patent Complaints Against Chinese Electronics Maker

Qualcomm Inc. has ramped up its legal action against Chinese electronics maker Meizu.

Sunday, October 16

Biocept Expects to Raise $10M in Public Offering

San Diego’s Biocept Inc. announced that it expects to raise $10 million in a public offering.

Stone Brewing Laying Off 5% of Workforce

Stone Brewing Co. announced Oct. 13 that it is cutting approximately 5 percent of its workforce — laying off about 60 of its 1,200 employees — as it adjusts to rising competitive pressures in the beer industry.

Edico, Rady Children’s Institute to Collaborate on Expanding Sequencing Tests for Ill Newborns

Rady Children’s Institute for Genomic Medicine announced that it would extend its collaboration with San Diego’s Edico Genome Inc. to expand the use of one of its sequencing tests for critically ill newborns.

New Digital Advertising System Installed at Convention Center

San Diego Convention Center operators recently installed a new digital advertising system at the downtown waterfront facility, using high-resolution video projection technologies.

Tease photo

Coffee Shop, Deli to Open at Lane Field Mixed-Use Development

Developers have announced the first retail tenants at the mixed-use hotel development on the former site of Lane Field in downtown San Diego, as construction progresses on the second phase of the project now known as BRIC, to include an InterContinental Hotel.

Tease photo

North County Health Services to Expand Its Use of Local Co.'s Electronic Consulting Tool

After a four-month pilot program, North County Health Services has decided to expand its use of an electronic consulting tool developed by San Diego-based digital health company AristaMD.

Carlsbad Industrial-Office Building Sells for $3.5M

A local buyer recorded as Carlsbad CRE LLC has purchase a Carlsbad industrial “flex” building with office space for $3.5 million, according to brokerage firm Lee & Associates.

Tease photo

The Business Calendar for the Week of October 17, 2016

Some of the business events planned in the county for the week of October 17, 2016, and beyond.

San Diego Buyer Acquires Calexico Self-Storage Facility for $4.1 Million

StaxUp Storage-Portico LP of San Diego has purchased a self-storage facility in Calexico for $4.1 million, according to brokerage firm Lee & Associates.

Tease photo

Sempra's Ienova Subsidiary Announces Details of Private Offering and Public Offering

Infraestructura Energética Nova S.A.B. de C.V, Sempra Energy’s Mexican subsidiary, announced pricing and other details of a private offering and a public offering intended to raise more than $1.4 billion.

Government and Sempra Officials Dedicate Solar Facility to Serve Marines, Navy

Representatives of Sempra U.S. Gas & Power joined U.S. Department of the Navy and Department of Energy officials Oct. 14 in dedicating a 210-megawatt-DC solar facility near Phoenix that will provide one-third of the power for 14 Navy and Marine Corps installations in California.

Demand Answers Before Buying into $17B Plan

The Metropolitan Water District of Southern California is mounting a major PR campaign in San Diego County — including an Oct. 3 commentary in the SDBJ — based on its assertion that “we need California WaterFix” to ensure a reliable water supply for Southern California.

Friday, October 14

Sempra and Government Officials Dedicate Solar Facility to Serve Marines, Navy

Representatives of Sempra U.S. Gas & Power joined U.S. Department of the Navy and Department of Energy officials Oct. 14 in dedicating a 210-megawatt-DC solar facility near Phoenix that will provide one-third of the power for 14 Navy and Marine Corps installations in California.

Business Calendar for Week of October 17, 2016

Some of the business events planned in the county for the week of October 17, 2016, and beyond.

Carlsbad Industrial-Office Building Sells for $3.5 Million

A local buyer recorded as Carlsbad CRE LLC has purchase a Carlsbad industrial “flex” building with office space for $3.

Tease photo

Convention Center Installs New Digital Advertising System

San Diego Convention Center operators recently installed a new digital advertising system at the downtown waterfront facility, using high-resolution video projection technologies.

Tease photo

Deli, Coffee Shop to Open at Lane Field Mixed-Use Development

Developers have announced the first retail tenants at the mixed-use hotel development on the former site of Lane Field in downtown San Diego, as construction progresses on the second phase of the project now known as BRIC, to include an InterContinental Hotel.

Tease photo

Biocept Inc. Expects to Raise $10M in Public Offering

San Diego’s Biocept Inc. announced that it expects to raise $10 million in a public offering.

Sempra's Ienova Announces Details of Private Offering and Public Offering

Infraestructura Energética Nova S.A.B. de C.V, Sempra Energy’s Mexican subsidiary, announced pricing and other details of a private and public offering intended to raise more than $1.4 billion.

Rady Children’s Institute, Edico to Collaborate on Expanding Sequencing Tests for Ill Newborns

Rady Children’s Institute for Genomic Medicine announced that it would extend its collaboration with San Diego’s Edico Genome Inc. to expand the use of one of its sequencing tests for critically ill newborns.

S.D. Buyer Acquires Calexico Self-storage Facility for $4.1 Million

StaxUp Storage-Portico LP of San Diego has purchased a self-storage facility in Calexico for $4.1 million, according to brokerage firm Lee & Associates.

Tease photo

North County Health Services to Expand Use of Local Co.'s Electronic Consulting Tool

After a four-month pilot program, North County Health Services has decided to expand its use of an electronic consulting tool developed by San Diego-based digital health company AristaMD.

Stone Brewing Co. Laying Off 5% of Workforce

Stone Brewing Co. announced Oct. 13 that it is cutting approximately 5 percent of its workforce – laying off about 60 of its 1,200 employees – as it adjusts to rising competitive pressures in the beer industry.

Thursday, October 13

Shares Fall After Cubic Corp. Lowers Sales/Earnings Estimates

Shares in Cubic Corp. fell 11 percent to close at $40.03 on Oct. 13 after the company said it expected lower-than-expected sales and earnings for the year.

ACA Rule Hits California Cos. of 50-100 Employees

INSURANCE: Cos. Need to Get Creative In Planning Coverage

Health insurance broker Deric Fernandez could see it coming: An 80-employee local manufacturing company he works with was about to face a double whammy.

Not Fit For Work

New Rules Limit Reach and Rewards Of Some Employee Wellness Programs

For years, the promise of improved health wasn’t the only thing attracting workers to the wellness programs Xavier Serrano helped local employers set up. Cash was a big incentive, as well.

Tease photo

Being Nimble Is Necessity for Mobile Marketing Network

TECH: Motive Interactive Always Ready to Reinvent

Since he founded Motive Interactive Inc. in 2003, Brendan Smith has found that digital marketers must adapt quickly to changes in technology and economic conditions in order to sustain success.

Tease photo

Biotech Stocks Shake Off Doom and Gloom for a Solid Gain

INVESTMENT: The Nasdaq Biotech Index Is Up 10% in Q3

The third quarter proved less grim for the life science industry, with investors finally showing some confidence in drugmakers and other public firms in the space.

Demonstration Derby for Startups

Microscope Takes Top Honors as Products And Presentations Clash at Quick Pitch

San Diego startups making better microscopes, wearables to reduce hospital-acquired infections and medical devices to ease post-partum healing were the audience favorites at the San Diego Tech Coast Angels’ 10th annual startup competition.

Tease photo

OncoSec Medical Reports Q4, Fiscal 2016 Financial Earnings

San Diego-based OncoSec Medical Inc. on Thursday reported financial earnings for the fourth quarter and full 2016 fiscal year.

NetraDyne Merges Technologies to Enhance Fleet Management

NetraDyne, an artificial intelligence company with offices in San Diego and Bangalore, India, has launched its first product, called Driver-i.

Measure M Offered as Part of Solution to City’s Housing Problem

ECONOMY: Lack Of Affordable Housing Brings Host of Problems

Homelessness often tracks with housing affordability in major U.S. metro markets, and experts at a recent commercial real estate forum said San Diego has a growing problem on both fronts.

‘Smart Company’ Is Smarting After Q3 Revenue Falls Short

Local medtech firm Illumina Inc. is the global leader in DNA sequencing machines, but apparently the company isn’t selling enough of them.

BlackRock Reports 10.2 Percent Stake in Callaway Golf

Investment management firm BlackRock Inc. held a 10.2 percent stake in Carlsbad-based Callaway Golf Co. as of Sept. 30, crossing a threshold where the fund had to report its stake to securities regulators.

Patara Pharma Raises $6 Million in Equity Offering

Local pharmaceutical firm Patara Pharma LLC has reported raising $6 million in an equity offering launched late last month.

AI Allows Robots to Make Clean Break From Controller

TECH: Machines Autonomously Take On Floor Scrubbing Job

After seven years, San Diego-based Brain Corp. is finally going commercial. Once part of Qualcomm Inc. and still funded by the giant, the independent firm is getting set to lend its formidable brainpower to … scrubbing floors.

Tease photo

Hospital Builder Made it Better

BUILDING: Blueprint for Healing Seen in Features

For a man who has spent the last five years of his life building one of the most distinguished works of architecture in La Jolla’s skyline, the sleekly curvaceous UC San Diego Jacobs Medical Center set to open by year’s end, Michael D. Wolfe had surprisingly little to say about the hospital’s appearance.

Tease photo

Trolley Puts UTC on Right Transit Track

PROPERTY: Hot Submarket To Be Commuter Friendly

When it begins service in about five years, San Diego’s extended Mid-Coast Trolley will significantly ramp up mass-transit access to coast-adjacent neighborhoods including University Towne Center.

Tease photo

Terminal to Carry Greater Economic Load

The Port of San Diego sees its 10th Avenue Marine Terminal as an economic engine that could pick up a lot of steam between now and 2035.

Tease photo

Port Development Faces Sea of Variablets

Port district officials are still far from cementing the development vision for what the larger San Diego Bay area will look like 50 years from now despite a recent string of projects nearing approval at high-profile sites along downtown San Diego’s waterfront.

Tease photo

Affirmed Housing Opens $47M Apartment Complex in Carmel Valley

Affordable-housing developer Affirmed Housing has completed and opened Cielo Carmel, a $47 million apartment community in San Diego’s Carmel Valley neighborhood.

Tease photo

AMN Healthcare Survey Identifies Some Nurse Staffing Problems

San Diego-based staffing company AMN Healthcare released survey results Thursday suggesting many hospitals and other health care organizations are unaware of technology that could reduce nurse scheduling and staffing problems.

Tourism Marketing District Accepting Program Funding Applications

The San Diego Tourism Marketing District (TMD) has begun accepting applications from organizations for the potential funding of sales and marketing programs within the city of San Diego.

Escondido Building Housing Caliber Collision Center Sells for $2.95 Million

Mission Viejo-based RSS Associates Inc. has purchased an Escondido industrial service building housing Caliber Collision Center for $2.95 million, according to brokerage firm Lee & Associates and CoStar Group.

Tease photo

Wade Williams Succeeds Chris Fletcher as Chairman of Tech San Diego Roundtable

Wade Williams, chief technology officer of San Diego-based company PayLease, has been appointed chairman of Tech San Diego’s CTO and Software Engineering Roundtable.

Awards Honor Those Who Change Kids’ Lives Through Literacy

Traveling Stories and title sponsor Humble Bundle Inc. hosted the inaugural Red Balloon Awards dinner and gala in conjunction with National Literacy Month held recently at the San Diego Woman’s Club.

Tease photo

Wednesday, October 12

John Roshala Promoted to Chief Revenue Officer at NoteVault

NoteVault said Oct. 11 that it promoted John Roshala to chief revenue officer.

Alexandria Buys Torrey Pines Life Science Campus for $182.5 Million

An affiliate of Pasadena-headquartered Alexandria Real Estate Equities Inc. has purchased the three-building Torrey Ridge Science Center office and lab campus in San Diego for $182.5 million, according to brokerage firm CBRE Group Inc.

Tease photo

PICO Holdings Fires CEO John Hart

John Hart, CEO of La Jolla-based PICO Holdings Inc., was fired Wednesday, the company said in a statement.

Startup LeadCrunch Raises $500,000 Through CONNECT Program

Local software startup LeadCrunch has landed $500,000 in funding through CONNECT’s Capital Match program.

Mission Federal Credit Union Reaches Milestone: $3 Billion in Assets

Mission Federal Credit Union announced Wednesday it now manages more than $3 billion in assets.

Lakeside Apartment Property Sells for $2.05 Million

San Diego-based KA Real Estate LLC has purchased an 11-unit apartment complex in Lakeside for $2.05 million, according to brokerage firm Apartment Consultants Inc. (ACI)

Tease photo

ClosingCorp Names Bob Jennings CEO

Bob Jennings is the new CEO of ClosingCorp, a provider of real estate closing cost data and technology for the real estate industry, the San Diego company announced Wednesday.

Tease photo

San Diego Padres Announce Exit of CEO Mike Dee

The San Diego Padres have fired team President and CEO Mike Dee, announcing the departure in a one-sentence statement on Oct. 12 that gave no further details. Dee’s replacement was not immediately announced.

Tease photo

Tuesday, October 11

North Carolina Co. Acquires Vista-Based Glacier Water Services for $263M

Glacier Water Services Inc., a Vista-based operator of self-service drinking water dispensers, will be acquired by a North Carolina competitor for $263 million in cash and stock, the companies announced Oct. 10.

Navy Secretary to Address S.D. Defense Contractors, Military Leaders

Navy Secretary Ray Mabus will speak before an audience of defense contractors and military leaders next week in San Diego.

Tease photo

CEO Confidence Edges Up But Remains Below Last Year, Vistage Survey Finds

CEOs of small and medium-sized businesses are feeling more confident about the economy and their companies, according to the third quarter 2016 Vistage CEO Confidence Index Survey.

Augustus Wiesel to Lead Family's Growing MFI Medical Equipment Inc.

Local supply firm MFI Medical Equipment Inc. has moved its headquarters to a larger facility to accommodate its growing operations and announced a new CEO: Augustus Wiesel.

Tease photo

$200,000 Grant to Fund Project Involving Tri-City Medical Center, SANDAG

The Federal Transit Administration has awarded a $200,000 grant to a local partnership involving Tri-City Medical Center, the San Diego Association of Governments and FACT, a regional nonprofit giving seniors and disabled people subsidized access to transportation.

Point Loma Mixed-Use Property Sells for $2.19 Million

San Diego-based Fig Tree LLC has acquired a mixed-use retail and office property in Point Loma for approximately $2.19 million, according to brokerage firm The Franco Realty Group.

Tease photo

FDA Accepts Neurocrine Biosciences' New Drug Application

Local drugmaker Neurocrine Biosciences Inc. has been given a speedier path to drug approval by regulators, the company announced Tuesday.

Grocer Lazy Acres Opening First Local Store in Encinitas

Natural and organic foods grocer Lazy Acres Natural Market plans an Oct. 15 public opening for its new store in Encinitas, which will be its first in San Diego County.

Reflexion Health Promotes Anang Chokshi to Chief Clinical Officer

San Diego-based digital health care company Reflexion Health has promoted its vice president of clinical accounts and lead physical therapist, Anang Chokshi, to become chief clinical officer.

Tease photo

Buchholz Named New GM at L’Auberge Del Mar Resort

Terry Buchholz has been appointed general manager of the 121-room L’Auberge Del Mar resort in Del Mar, operator Destination Hotels announced.

Tease photo

Monday, October 10

SPAWAR Awards $20 Million Contract to Cubic Corp.

Cubic Corp. said on Oct. 10 that it received a task order from San Diego-based SPAWAR Systems Center Pacific that could be worth up to $20 million.

Apartment Investment Brokerage Firm Entering San Diego County Market

Phoenix-based brokerage and advisory firm ABI Multifamily plans to open a new San Diego regional office in Encinitas, with a debut tentatively set for Oct. 20.

Illumina's Q3 Revenue Estimate of $607M Falls Short of Expectations

San Diego medtech giant Illumina Inc. on Monday estimated third-quarter revenue of about $607 million, up 10 percent from the same period last year but short of Wall Street’s expectations.

Ann M. Livermore Named to Qualcomm Board of Directors

Qualcomm Inc. announced on Oct. 10 that the company named Ann M. Livermore to its board of directors.

Tease photo

Spring Valley Apartment Property Sold for $26 Million

A San Diego-based joint venture, which includes Stratford Partners and LLJ Ventures, has purchased a 128-unit apartment community in Spring Valley for $26 million, according to brokerage firm Marcus & Millichap.

Tease photo

Parking-Focused Investment Trusts Obtain $30M Credit Facility

San Diego-headquartered MVP REIT Inc. and MVP REIT II Inc. have entered into a credit agreement with KeyBank National Association for a $30 million revolving credit facility, with expansion options to increase the amount up to $100 million.

Sunday, October 9

City Council Approves Plan for Seven-Story Tower at Sharp Chula Vista Medical Center

Sharp HealthCare has won local approval of its plans for a new, seven-floor hospital tower at its existing medical center in Chula Vista.

Vault RMS Selected to Join Homeland Security's EMERGE Accelerator Program

Vault RMS, a San Diego-based startup, said on Oct. 6 that it was selected to join the U.S. Department of Homeland Security’s EMERGE accelerator program.

Borrego Solar Systems Launches Energy Storage Division

Local solar firm Borrego Solar Systems Inc. announced that it has launched an energy storage division.

Biotech Kurin Inc. Raises $2.3 Million in Equity Funding

Local biotech Kurin Inc. has reported raising $2.3 million in an equity offering launched Sept. 23.

The Business Calendar for the Week of October 10, 2016

Some of the business events planned in the county for the week of October 10, 2016, and beyond.

San Ysidro Apartment Property Sells for $4.6 Million

Waltz Family Trust of San Diego has purchased a 31-unit apartment property in San Ysidro for $4.6 million, according to brokerage firm Marcus & Millichap.

Tease photo

San Diego Chargers Minority Owner George Pernicano Dies at 98

George Pernicano, a longtime local restaurateur and minority owner of the San Diego Chargers, has died at age 98, the team announced Oct. 6.

Tease photo

Golf Shaft Maker Aldila Leases an Industrial Space in Carlsbad

Poway-based Aldila Inc., which makes and markets graphite golf shafts, plans to occupy more than 25,000 square feet in Carlsbad after signing a $2.3 million industrial lease, according to brokerage firm Lee & Associates.

Tease photo

Duffield Named SCORE San Diego Chapter President

SCORE, the Service Corps of Retired Executives, announced that longtime SCORE mentor Harry Duffield took over as president of the organization’s San Diego chapter Oct. 1.

Tease photo

National City Apartments Sold for $3.2M

San Diego County Ventures LLC of Huntington Beach has acquired a 20-unit apartment property in National City for $3.2 million, according to brokerage firm SVN Asset Advisory Group.

Tease photo

Friday, October 7

The Business Calendar for Week of October 10, 2016

Some of the business events scheduled in the county for the week of October 10, 2016, and beyond.

City Council Approves Plan for Additional Tower at Sharp Chula Vista Medical Center

Sharp HealthCare has won local approval of its plans for a new, seven-floor hospital tower at its existing medical center in Chula Vista.

Local Biotech Kurin Inc. Raises $2.3 Million in Equity Funding

Local biotech Kurin Inc. has reported raising $2.3 million in an equity offering launched Sept. 23.

National City Apartments Sold for $3.2 Million

San Diego County Ventures LLC of Huntington Beach has acquired a 20-unit apartment property in National City for $3.2 million, according to brokerage firm SVN Asset Advisory Group.

Tease photo

Apartment Property Sells for $4.6 Million

Waltz Family Trust of San Diego has purchased a 31-unit apartment property in San Ysidro for $4.6 million, according to brokerage firm Marcus & Millichap.

Tease photo

Golf Shaft Maker Aldila Leases Industrial Space in Carlsbad

Poway-based Aldila Inc., which makes and markets graphite golf shafts, plans to occupy more than 25,000 square feet in Carlsbad after signing a $2.3 million industrial lease, according to brokerage firm Lee & Associates.

Tease photo

Borrego Solar Launches Energy Storage Division

Local solar firm Borrego Solar Systems Inc. announced that it has launched an energy storage division.

San Diego Chargers Minority Owner Pernicano Dies at 98

George Pernicano, a longtime local restaurateur and minority owner of the San Diego Chargers, has died at age 98, the team announced Oct. 6.

Tease photo

Thursday, October 6

StemoniX Raises $2.5 Million Seed Round

Life science startup StemoniX has raised a $2.5 million seed round.

Judge Rules Tri-City Healthcare District Must Pay Developer $19.7 Million

A San Diego Superior Court judge has denied Tri-City Healthcare District’s request for a reduction of the $19,763,700 verdict a jury awarded a Carlsbad developer in June as part of a dispute over a vacant medical building.

40th Annual Orchids and Onions Awards Set for Oct. 13

More than 160 entries have been submitted for the San Diego Architectural Foundation’s 40th annual Orchids & Onions awards ceremony, which highlights the region’s best and worst architecture.

Affirmed Housing’s $44M Mixed-use Project Moves Forward

The San Diego City Council recently voted to move forward with negotiations on Affirmed Housing’s proposed $44 million mixed-use residential and retail development, planned for the city’s Encanto neighborhood.

Tease photo

Hollywood Casino Jamul-San Diego to Open Oct.10

Managers of Hollywood Casino Jamul–San Diego have chosen Monday, Oct. 10, as the attraction’s opening day.

Tease photo

Grocery Outlet Plans New Store in San Diego

Discount supermarket chain Grocery Outlet has leased 20,150 square feet at the Metro Center retail property in San Diego’s College Area, CoStar Group reported.

Tease photo

Credit Union Leasing of America Surpasses 100,000 Leases

San Diego-based Credit Union Leasing of America said Wednesday it had broken an industry record by originating more than 100,000 leases.

Realty Income Announces $600M Senior Note Offering

Realty Income Corp. has commenced a $600 million offering of senior unsecured notes, expected to close on Oct. 12, the San Diego-based company announced.

Tease photo

San Diego’s Strata Equity Group Partners on $720M Apartment Deal

San Diego-based Strata Equity Group Inc., in partnership with a private Mexican investor group, has acquired a four-state, 24-property apartment portfolio for approximately $720 million.

Tease photo

Mayor Cites Protections, Backs Measure C

POLITICS: Chargers Agree to 8 Conditions, Including Cap on Costs

Mayor Kevin Faulconer has endorsed Measure C, the San Diego Chargers’ November ballot proposition to finance a $1.8 billion downtown stadium with convention facilities, after the team agreed to eight conditions including a cap on project costs.

Tease photo

App Rounds Up Spare Change for Good Cause

TECH: Each Month, Coin Up Sends Cash To Selected Charities

As coin jars gather dust, a San Diego startup is hoping that people will continue giving to nonprofits through its mobile application.

Tease photo

Family’s Generous Role in Supporting Scripps Honored at Event

The 48th annual Scripps Clinic Golf Invitational and Special Celebration honoring local philanthropists Eileen and John “Jack” Anderson IV raised more than $1.2 million.

Tease photo

Poway Is Home Run for Raising Family in a Luxurious Setting

WalletHub, a financial services company owned by Washington, D.C.-based Evolution Finance Inc., just released the results of a 2016 research project to determine the best places to raise a family in California. Of the 240 California cities surveyed, Poway came in at No. 17, the highest in San Diego County.

Tease photo

At This Institute, It Is About Degree of Interest and Aptitude

TECH: Technological, Mechanical Abilities Shaped Off College Track

Behind a big roll-up door, in warehouse space at the back of Coleman University on Balboa Avenue, Rod Weiss, James Burns and several other technologically inclined people have put together a space called ENVI.

Tease photo

Charge!

TransPower Converts Large Working Vehicles Into Electric-Powered, Fossil-Fuel Shunning Systems

If Mike Simon had his way, trucks in high-traffic areas might share a feature with San Diego Trolley cars. They would have pantographs. Pan-to … what?

Tease photo

Parties Stake Out Their Ground in Chargers’ Measure C Debate

During a recent debate forum at Liberty Station regarding the San Diego Chargers’ proposed downtown “convadium,” moderator Lynn Reaser of Point Loma Nazarene University commended both sides for avoiding the combative tone of the first U.S. presidential debate held two days earlier.

Spotlight Is on Legal Community Leadership at This Ceremony

The Bernard E. Witkin Award ceremony recognizing distinguished service in the legal community will be held Oct. 20 at the downtown branch of the San Diego Law Library.

UAVs’ Eyes in the Sky About to Improve With New Sensors

Northrop Grumman Corp.’s Global Hawk high-altitude unmanned aircraft will carry a sophisticated, hawk-eyed sensor aloft by late 2017. Sensor builder UTC Aerospace Systems — a unit of United Technologies Corp. — made the announcement in mid-September.

Tease photo

Artificial Pancreas May Be Real Competition in Dexcom’s Market

Local medtech firm Dexcom Inc. is watching its stock slide following news that one of its biggest competitors just became a tad more formidable. Dexcom makes devices for patients with diabetes to help them measure glucose levels.

Philanthropists Open Senior Dental Center

San Diego philanthropists Gary and Mary West announced the grand opening of a nonprofit community center offering low-income senior citizens dental treatment in coordination with nutrition, case management and wellness services.

‘Virtual Health Plan’ to Target Medical Costs

MEDICINE: Cigna, Scripps Expected to Launch a Plan in 2017

Scripps Health is working with Cigna to launch a “virtual health plan” giving the San Diego-based health care system financial incentives akin to those Medicare envisions as it shifts toward value-based medical care.

$60 Billion Tailwind

Startups Look to Enter Lucrative Pet Market By Serving Pet Parents and Their ‘Best Friends’

We’d like to introduce you to four startups. They don’t dabble in drug development, drones or dark matter. Their passion is a bit more, furry, you could say. Think dogs and cats.

Tax Co. Aims to Turn the Tables on Complexity

SOFTWARE: LumaTax’s Sales-Tax System Created For Small Businesses

Coffee shop owners should get to spend their time serving coffee — not battling tax documents.

Tease photo

Sports Cos. Need to Know Their E-Commerce Competition

SPORT: Accelerator Offers Aid, Advice for A Challenging Sector

With rolling hills and near-perfect weather, it’s no surprise that San Diego is home to a growing hub of sports-related startups.

East County Considering Options for Gillespie Field Area

ECONOMY: Financing District on the Table as Aerotropolis Is Delayed

With federal funding stalled, East County officials are seeking alternatives for turning the area near the county-run Gillespie Field airport in El Cajon into a job-generating commercial hub with corporate and aviation-serving commercial amenities.

Tease photo

South County Seeks Business Opportunities

Report: Forum Fleshes Out Ideas to Attract Good Jobs

Good-paying jobs may be in short supply around South County, but ideas for creating more of them abounded at an economic summit exploring ways to invigorate an area that is home to almost one in five San Diego County residents but only one in 10 of the region’s jobs.

The Final Pros And Cons of Convadium

SPORT: Chargers Release Study; Mayor Backs Measure C

The race to decide the fate of the San Diego Chargers’ proposed downtown “convadium” has reached its noisy home stretch — signaled by a wave of high-profile endorsements, media advertisements, opposing press conferences and dueling consultant studies.

Tease photo

Robo 3D Returns to The Kickstarter Well

TECH: New 3-D Printers Tap Into IoT, Functionality

Braydon Moreno has a thing for Kickstarter. The crowdfunding platform was the catalyst for Moreno’s now-booming startup, Robo 3D. In 2013, the firm raised $650,000. At the time, it was one of the most successful crowdfunding campaigns on Kickstarter, and still ranks as one of the biggest crowdfunding hauls by a San Diego startup.

Tease photo

Looking For Trouble

HEALTH: Co.’s Image Analysis Uses AI, Math and Other Tools for Cancer Detection

CureMetrix Inc. is not your typical software startup. Walking into the company’s headquarters, you can’t help but notice the lack of Ping-Pong tables and snack bars. No standing desks or sweeping downtown views, either. Walls are sparse. Keyboards are tapping. One employee sips tea as a complete hush envelops the space.

Tease photo

Wednesday, October 5

Sempra's Mexican Subsidiary Looks to Sell $1.4 Billion in Stock

Sempra Energy’s Mexican subsidiary, Infraestructura Energética Nova S.A.B. de C.V., hopes this month to sell stock worth $1.4 billion, a quarter of which will likely go to its San Diego-based parent company.

Timothy M. Wright Named Chief Research and Development Officer at Regulus

San Diego biopharma Regulus Therapeutics Inc. has appointed Dr. Timothy M. Wright as chief research and development officer.

Tease photo

NASSCO Wins $106.2 Million Navy Contract

The U.S. Navy said that it awarded General Dynamics NASSCO a $106.2 million contract modification to buy materials for a fifth Expeditionary Mobile Base ship, and to support its construction.

San Diego Firm Buys Wildomar Apartments for $78.5 Million

San Diego-headquartered R&V Management Corp. has purchased a 312-unit apartment property in Wildomar for $78.5 million, according to brokerage firm Berkadia.

Tease photo

Pathfinder Partners Buys 2 Arizona Multifamily Properties for $34.1M

Pathfinder Partners LLC of San Diego has purchased two Arizona apartment properties totaling 300 units for a total of $34.1 million, the company announced.

Cubic Corp. to Share Five-Year, $5.75B Government Contract

Cubic Corp. said it is one of 109 companies that will share in $5.75 billion worth of work from the federal General Services Administration over the next five years.

The Scripps Research Institute Gets $87M More to Advance Precision Medicine

The Scripps Research Institute (TSRI) has been awarded an extra $87 million from the National Institutes of Health for taking on additional tasks related to the Precision Medicine Initiative, a federal program.

Gary and Mary West Open Nonprofit Senior Dental Center Downtown

San Diego philanthropists Gary and Mary West announced the grand opening of a nonprofit community center offering low-income senior citizens dental treatment in coordination with nutrition, case management and wellness services.

Tease photo

Tuesday, October 4

Imperial Beach Mixed-Use Property Sold for $3.3 Million

Somo Family Revocable Trust of San Diego has acquired a mixed-use retail and residential property in Imperial Beach for $3.3 million, according to brokerage firm Colliers International Group Inc.

Tease photo

Chargers Study: New Facility Would Generate $400M Annually

A presentation on Tuesday of a San Diego Chargers-funded economic impact study contends that the $1.8 billion stadium with convention facilities will create nearly $400 million in annual regional economic impact.

MD Revolution Raises $9.7 Million in Equity Offering

Digital health company MD Revolution has reported raising $9.7 million in an equity offering launched Sept. 19.

Sempra Utility Begins Work on $3.4 Million Safety Project

Southern California Gas Co., one of two utilities San Diego-based Sempra Energy owns in California, began work this week on a $3.4 million valve replacement and upgrade project in the Los Angeles County community of Littlerock.

Investment Firm’s San Diego Office Partnering on Anaheim Apartments

The San Diego regional office of investment and development firm JPI announced that it is partnering with Grand China Fund of Beijing in a $255 million joint venture to develop 747 luxury apartments in Anaheim.

Accion Receives $1 Million Federal Grant

San Diego-based nonprofit microlender Accion has been awarded a $1 million grant from the U.S. Department of the Treasury’s Community Development Financial Institutions Fund – the largest grant in the organization's 22-year history.

Chris LeMasters Named EVP/Chief Business Officer at Mirati Therapeutics

Mirati Therapeutics Inc., a San Diego company making medicines for targeted oncology, has appointed Chris LeMasters as executive vice president and chief business officer.

Tease photo

Garden Fresh Files Bankruptcy, Plans to Close Some Restaurants

San Diego-based Garden Fresh Restaurant Corp., which operates more than 100 restaurants under the names Souplantation and Sweet Tomatoes, has filed for Chapter 11 bankruptcy protection as it reorganizes its finances.

Monday, October 3

JetSuiteX to offer Service Between Carlsbad and San Jose

Irvine-based public charter service JetSuiteX, a subsidiary of jet charter company JetSuite, will begin flights from Carlsbad to San Jose on Oct. 17, the company recently announced.

Medtech Nasseo Inc. Receives NSF Grant to Improve Spinal Implants

Nasseo Inc., a San Diego medical technology company, announced on Oct. 3 that it received a small business innovation research grant from the National Science Foundation.

Developer Plans New Office Campus After $4.8M Carlsbad Land Buy

RAF Pacifica Group has acquired a 4.43-acre land parcel in Carlsbad for $4.8 million, with plans to build a new speculative office campus. The deal is the latest in a recent string of North County property acquisitions by the Encinitas-based company.

Tease photo

Celgene Corp. Exercises Option, Pays Abide Therapeutics $20M for Drug Rights

Global pharma Celgene Corp. is exercising an option to commercialize a locally developed neurological drug from San Diego’s Abide Therapeutics.

NuVasive Appoints Joan Stafslien General Counsel, Executive Vice President

San Diego medical device firm NuVasive Inc. has appointed Joan Stafslien as executive vice president and general counsel.

Tease photo

Westcore Buys 22-Building Industrial Portfolio for $75 Million

Westcore Properties has acquired a four-campus industrial property portfolio, with a total of 22 buildings in three North County submarkets, for approximately $75 million, the San Diego-headquartered company announced.

Tease photo

Parkinson’s Association Suspends Operations Pending Fundraising

Financial problems have forced a suspension of operations at a local nonprofit focused on maximizing the quality of life for people affected by Parkinson’s disease.

Faulconer Endorses Chargers’ Measure C with Conditions

Mayor Kevin Faulconer has endorsed Measure C, the San Diego Chargers’ November ballot proposition to finance a $1.8 billion downtown stadium with convention facilities, after the team agreed to eight conditions including a cap on project costs.

Tease photo

NASA Awards Contract to Space Micro Inc.

Space Micro Inc. said it plans to develop a radiation-hardened astrophysics instrument under a recently awarded contract from NASA.

Sunday, October 2

Qualcomm Joins Tech, Auto Companies to Form 5G Automotive Association

Qualcomm Inc. has joined several global wireless companies and German auto industry players in what the partners are calling the 5G Automotive Association.

SANDAG Awards Mid-Coast Transit Contractors $921.8M Trolley Project

The San Diego Association of Governments has awarded joint venture firm Mid-Coast Transit Contractors a $921.8 million contract to manage the construction of the Mid-Coast Trolley.

Downtown San Diego Partnership Board Supports Chargers’ Ballot Measure

The Downtown San Diego Partnership announced Sept. 30 that its board of directors has voted to support the San Diego Chargers’ Measure C, which calls for a hotel tax hike to finance a proposed new stadium with convention facilities in East Village.

JMI Equity Invests $55M in Higher Logic

JMI Equity, a growth equity firm with offices in San Diego and in Baltimore, has invested $55 million in Higher Logic, a Washington, D.C.-based company that provides cloud-based community platforms.

San Diego Airport Passenger Traffic Rose 2.1 Percent in August

August passenger traffic rose 2.1 percent from a year ago at San Diego International Airport, with the facility handling more than 1.9 million arriving and departing travelers during the month.

Tease photo

Parent Company of SeaWorld San Diego Investing $175 Million in Its U.S. Theme Parks

SeaWorld Entertainment Inc. plans to invest $175 million in new shows and attractions nationwide in 2017, including its new Orca Encounter at SeaWorld San Diego. Officials said the investment will be among the biggest one-year capital-spending tallies in the theme park operator’s five-decade history.

Tease photo

DNA Electronics Gets Government Deal Potentially Worth $51.9M

DNA Electronics, a U.K. business with a facility in Carlsbad, said it is in line to receive up to $51.9 million in U.S. government funds to develop a next-generation DNA sequencing chip to rapidly diagnose drug-resistant infections and the flu.

The Business Calendar for the Week of October 3, 2016

Some of the business events planned in the county for the week of October 3, 2016, and beyond.

Senomyx Extends Collaboration With PepsiCo

Senomyx Inc., a local biotech that makes flavor enhancers, has extended its collaboration with PepsiCo.

County’s Construction Starts Rose 28 Percent in First 8 Months

The value of San Diego County’s construction starts rose 28 percent from a year ago in the first eight months of 2016, topping $2.86 billion, according to the latest monthly figures from Dodge Data & Analytics.

Tease photo

PSAR CEO to Also Lead North San Diego County Association of Realtors

Following an agreement struck earlier this year by two San Diego-area Realtor trade groups to share resources, the CEO of the smaller of the two organizations has been tapped to head up both starting Oct. 1.

MUFG Union Bank Foundation to Give $150,000 Grant to CDC Small Business Finance

CDC Small Business Finance, the San Diego-based not-for-profit lender, has received a $150,000 grant from the MUFG Union Bank Foundation to provide advising services to small businesses.

Harper Construction Co. Awarded $33.8M Army Contract

The U.S. Army awarded Harper Construction Co. Inc. a fixed-price, $33.8 million contract to design and build a depot maintenance dock hangar. Work will run through September 2018.

Contractor Completes Renovation of U.S. Immigration Services Office

San Diego-based general contractor Pacific Building Group recently completed a $7 million tenant improvement project for the downtown office of the U.S. Citizenship and Immigration Services department, which is part of the federal Department of Homeland Security.

Tease photo

The First U.S. Flagship Showroom for Italian Kitchen Cabinet Maker Aran Cucine Opens in Solana Beach

Aran Cucine, one of the largest Italian kitchen cabinet makers, now has its first flagship showroom in the U.S. at a Solana Beach location.

Tease photo